1846 $2.50 NGC PR64 CAM CAC

Before the U.S. Mint began producing Proof gold coins in any sort of quantity in 1858, a limited number of proofs were struck in certain years. In 1846, it is belived that around four or five gold proof sets were made and today there are four 1846 quarter eagles known including two that are impounded in museums (Smithsonian and ANS). The other known example is the Trompeter/Eliasberg coin that appears to be graded PR65 by PCGS; it last sold in the 2/91 Superior sale for $52,800. The current coin, from the famous Pittman collection, has a pedigree going back well over a century and it is sourced from an original 1846 proof set that has been broken up. It has the look of a Gem with superb rich amber color over very reflective surfaces that are nearly free of hairlines. An old scratch on the obverse between stars nine and ten removes this from a higher grade and serves as immediate identification. With the exception of the 1841, Proof quarter eagles from the 1840's and early 1850's are virtually unknown and tend to be come available at major auctions. This is a remarkable opportunity for the collector or investor to own a truly monumental piece of American numismatics and it is a remarkable combination of rarity, beauty and provenance.

Ex Heritage 1/11: 5335 ($106,375), earlier part of an 1846 Proof set in the Pittman sale (lot 1712) that brought $522,500; obtained by Pittman from Numismatic Gallery in 1949 and before this part of an original 1846 gold proof set that was in Ed Frossard's November 1892 sale.