A SUPERB GEM 1906 LIBERTY HEAD QUARTER EAGLE  GRADED PR66CAM BY PCGS AND APPROVED BY CAC

The quarter eagles produced between 1892 and 1907 are the most available Proofs of this design. Mintages range from a low of 105 in 1892 to a high of 223 in 1901. In 1906, a total of 160 Proofs were made and at least 50% are known today.

The amount of contrast seen on Proof quarter eagles from the 1900s tends not to be as pronounced as on the issues struck in the 1880s and the 1890s. For this reason, the 1906 is virtually non-existent as a Deep Cameo; PCGS has graded just two as such: one each in PR66 and PR67. I have never seen a 1906 quarter eagle that I felt was a true DCAM, but this coin is tantalizingly close.

I bought this coin in an OGH PR66 PCGS holder and I cracked it out thinking that it had a real shot to grade PR67 at PCGS. I still grade it 50% shot PR67 CAM but I think it would have to be dipped to upgrade.

This coin has really nice 100% natural medium orange-gold over virtually flawless surfaces. Close examination with a 5x glass shows one thin, faint line off the bridge of Liberty’s nose and a faint mint-made toning spot on the eagle’s right wing in front of the first S in STATES.

No CAC approved PCGS PR66 1906 quarter eagle has ever sold at auction. In the last 15+ years, there have been six auction appearances for this date with prices ranging from a low of $17,250 (4/2012) to a high of $24,150 (1/2006).

PCGS has a population of nine in PR66CAM with seven finer. CAC has approved four in PR66 CAM with seven finer (all in PR67CAM). PCGS Price Guide suggests a value of $27,500 in this grade.

This would make a great type coin for the collector seeking a single high-grade Proof example of this denomination and design type.

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