$2.50 – 1878 PCGS PR62CAM CAC

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$2.50 – 1878 PCGS PR62CAM CAC

19,500.00

Date    1878
Grade    PCGS PR62CAM CAC
PCGS Price Guide    N/A
Population (PCGS)    1/0
Population (NGC)    0/3
Population (CAC)    1/1 (PR65CAM)
Serial Number    87904.62/82240549
PCGS Lookup Number    87904

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EXTREMELY RARE PROOF 1878 QUARTER EAGLE

One of just 20 struck.

With a mintage of just 20 Proofs, this date is tied with the 1877 and 1878 three dollar gold pieces as the lowest mintage proof gold coin produced after 1858. Of the 20 struck, it is likely that fewer than 10 Proof 1878 quarter eagles exist and at least two are impounded in museum collections.

Generally speaking, in Proof gold the 62 grade signifies a coin which was either mishandled or which may have seen circulation. In this specific case, the assigned grade is due to some minor handling, most notably in the left obverse field. This coin still looks like a Proof and it clearly passes the eyeball test as it has good overall eye appeal.

Only four auction appearances have been recorded for Proof 1878 quarter eagles since March 2005. The best example I have personally seen, graded PR65 Deep Cameo by PCGS, sold for $50,313 in April 2012. Not a single Proof 1878 quarter eagle in any grade has been auctioned since 2012.

I have handled multiple examples of nearly every Proof quarter eagle struck after 1857 and to the best of my recollection, this the first 1878 I've ever owned. Here is an amazingly rare coin for less than $20,000!

CAC has approved this one coin in PR62CAM with just one finer (PR65DCAM).