Only 3,920 business strikes were made but this date is a bit more available in circulated grades than one might expect. It is rare in the lower Uncirculated grades, very rare in MS63 and extremely rare above this. A small number of really nice 1874 quarter eagles are known (in the MS63 to MS64 range) and since these pieces have basically similar looks, I would presume that a small hoard (four to six?) existed at one time. This is amongst the finest known with lovely rich yellow-gold color overlaid with light lemon splashes. There are a few faint copper spots on the obverse and more on the reverse (below the denomination and at the right wing tip). There are no APR's for PCGS MS63's of this date since February 2001 when an inferior example brought $5,290. In the last decade, there are four PCGS MS64 APR's, ranging from a low of $8,051 to a high of $9,258. This coin is a nice combination of high grade and low mintage.
This is the sole example in this grade approved by CAC with none finer.