Lot 1712
1907. NGC graded MS-66. A well struck gem. Last issue in this lengthy series that ran from 1840 until 1907. Quarter Eagle production was heaviest in the 1850s to 1870s, but then declined into the close. At this time in U.S. history, banks and the public were using more paper money in lieu of its convenience in handling and transport. The gold coins and large silver dollars stayed in bank vaults or the Treasury Department storage as backing against the paper money "promised money" -- payable in specie. A sparkling reminder of the type of $2.50 gold piece that was once current in the early years of the 20th century (PCGS # 7859) .
Estimated Value $1,400 - 1,500.
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