1869 25C J-723, BN PR(PCGS#60950)

September 2005 Pre-Long Beach Auction #32

Auctioneer

Goldberg Auctioneers

Lot Number

2301

Grade

PR62BN

Price

1,668

Lot Description

Lot 2301 1869 Pattern Quarter Dollar. Copper, reeded edge.NGC graded Proof 62 Brown.Rarity High 7. Nice shades of brown and light green with some mint red visable. Pop 1; 1 higher in brown.(PCGS # 60950) . If in a spare moment you will take time to scan the list of the various Pattern coins struck between 1868 and 1871, you will see a large expansion in the number of types. According to historians, Philadelphia Mint officials were petitioned (often behind closed doors) by collectors wanting a piece of the action. Collectors had heard rumors how privileged individuals were receiving these rare and beautiful Pattern issues. Naturally, they wants some of their own; and for a time the Mint Director and his allies obliged. However, things got out of hand. A ruckus was raised (possibly by jealous outsiders), and the practice of providing specimens ended abruptly. Nonetheless, we can thank these ne'er-do-wells of yesteryear who, through their demands for a slice of the Pattern pie, encouraged a larger number of pieces to be struck than would otherwise have been the case. This relative abundance of dates from 1868 to 1871 keeps prices affordable to the average collector. Estimated Value $1,400 - 1,700.