Proof quarter eagle mintages began to rise in the 1880s and finally crested 100 pieces in 1887 for the first time since 1860. A relatively steady rise in output followed through the 1890s, with 106 Proof examples struck in 1893. Specialist John Dannreuther explores this issue in-depth in his new 2018 reference United States Proof Coins, Volume IV: Gold, and notes that just a single die pair is responsible for the entire mintage. The obverse die is easily distinguished from the circulation-strike dies by the positioning of the 1 in the date very close to the dentils. Called Rarity-5 by Dannreuther, just 50 to 60 examples of the Proof 1893 quarter eagle remain, the vast majority of which are in grades of Proof-65 and lower.
Our Spring 2019 Baltimore Auction will feature a truly exceptional example of this issue, certified Proof-67+ Ultra Cameo (NGC). It ranks among the very finest survivors known, with just three graded finer by NGC through Proof-68 Ultra Cameo. The surfaces are virtually flawless, showcasing deep mirrors and strongly frosted devices across each side. The overall orange-gold surfaces are accented by traces of original patina that is most prominent in the peripheries.
This Superb Gem Proof will be a featured highlight of our Official Auction of the 2019 Whitman Coin & Collectibles Spring Expo. If you would like to showcase your coin or collection alongside this impressive rarity, call 800-458-4646 or e-mail Info@StacksBowers.com to speak to a numismatic expert today.