AMAZING PROOFLIKE 1847 QUARTER EAGLE IN HIGH GRADE

Like most of the Philadelphia quarter eagles from the 1840’s, the 1847 is rare and overlooked in Uncirculated. There are around a dozen known in Uncirculated and this newly-discovered piece is likely the third finest known trailing a sole PCGS MS64 and a PCGS/CAC MS63 which I recently sold.

Most 1847 quarter eagles show soft, satiny luster and this piece is unusual in that it is almost fully prooflike with uncommon depth of reflectiveness for a quarter eagle of this era. The strike is sharp save for the eagle’s right leg and the color is a very pleasing natural orange-gold. There are a few small marks in the fields which are amplified by the reflectivity but the eye appeal is just spectacular.

The other CAC approved PCGS MS62 (not a “plus” coin) sold for $4,600 as Heritage 1/12: 6112 and was not nearly as choice as this MS62+.

This is an important coin for the specialist and it seems terrifically undervalued to me in comparison to a branch mint quarter of this era and in this state of preservation.

CAC has approved two in this grade (just this one in 62+) and only one finer (an MS63).