As a date, the 1867-S is less rare than the Civil War quarter eagles from San Francisco and this is understandable given its mintage of 28,000. It is very rare in Uncirculated with fewer than 10 known, most of which are in the MS60 to MS62 range. The finest known is a single PCGS MS64 which is ex B+M 6/01: 1214.
This bright, frosty example shows nice light yellow-gold color with some rose-gold overtones at the reverse border. There are scattered small abrasions in the fields with most of these located in the upper left obverse. The strike is excellent with just a bit of weakness at the centers.
There have been just three PCGS MS61 examples sold at auction since 2007. The last of these was ex Stacks Bowers 2015 ANA: 4994 and it sold for $4,994; it was approved by CAC but was not as choice as this piece, in my opinion..
Coins like this remain an excellent value and it would be difficult to locate a better 1867-S quarter eagle than the present example.
CAC has approved two in this grade with one finer (MS62 is highest).