Lot 1703
1875. PCGS graded AU-58 PQ. A key date with light gold toning. Only 400 minted. With coinage circulating less frequently in the economically depressed decade of the mid-1870s, and gold still hoarded due to the greenback trading at below par against gold, there was little need for more new small denomination gold coins in the channels of commerce. Only the Double Eagle saw large mintage in 1875. In fact, as one looks at the mintage figures for the various denominations of 1875 and 1876 it is apparent that most were reduced to mere symbolic levels.
Substantial numbers of lower subsidiary silver dimes, quarters and half dollars were minted in 1875, but that year was a modern historic low point for the minting of business strike gold pieces. All the others outside of the Double Eagle are either very rare or extremely rare. Consider the mintages for these circulating denominations: one-dollar gold: 400; quarter eagle: 400; three-dollar: none; half eagle: 200; and eagle: 100. The piece currently offered is one the few choice AU58 circulated pieces offered in recent years. It retains much mint bloom in the areas protected from circulation wear, and was struck spot-on in terms of sharpness. Indeed, this is a highly presentable 1875 Liberty Quarter Eagle. Pop 4; 4 finer, 2 in 60, 1 in 61, 1 in 62 (PCGS # 7822) .
Estimated Value $16,000 - 17,000.
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| Realized $18,213 |
