1885 Liberty Head Quarter Eagle. AU-58 PL (NGC).

1885 Liberty Head Quarter Eagle. AU-58 PL (NGC). Offered is a rare prooflike survivor of a rarity from the later Liberty Head quarter eagle series. Vivid rose-orange color is enhanced by marked cameo-like contrast between lightly frosted devices and reflective fields. The strike and eye appeal remain equally strong in the presence of light friction and wispy handling marks that account for the Choice AU numeric grade from NGC. Throughout the 1880s circulation strike quarter eagle mintages at the Philadelphia Mint remained low and no branch mint quarter eagles were produced from that year through the end of the Liberty series in 1907. There was apparently very little demand for small denomination gold coinage. While half eagles, eagles and double eagles were produced in significant numbers during most years of the 1880s, mintages for gold dollars, quarter eagles and three-dollar gold pieces were extremely limited. In the specific case of the 1885 quarter eagle, the Philadelphia Mint struck just 800 pieces for commercial use. Any regular issue U.S. Mint coin with fewer than 1,000 circulation strikes produced is a noteworthy rarity and always in demand among advanced collectors. This is a particularly attractive piece with a rare PL designation from one of the major third-party certification services. Far rarer than a Proof of this date, it is sure to see spirited bidding at auction. NGC Census: just 5 in all grades in the PL category. The corresponding PCGS Population is 1 in all grades. PCGS# 87837. NGC ID: 25L9. Click here for certification details from NGC.

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