Part of issue 'shrouded in mystery,' Proof 1893 Isabella quarter sells for $9,400

Market Analysis: Stack's Bowers Whitman Baltimore sale offered a variety of items with fascinating stories
By , Coin World
Published : 11/11/14
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Stack’s Bowers Galleries’ Oct. 30 Rarities Night auction held during the Whitman Baltimore Expo was led by the 1853 Collection, but also included a variety of other numismatic items with fascinating stories. 

Here is one of three coins from the auction we're profiling in this week's Market Analysis.  

The lot:

1893 Isabella Commemorative quarter dollar, Proof 65 Cameo

The price:

$9,400

The story:

The 1893 Isabella commemorative quarter dollar is the only quarter in the classic 1892 to 1954 commemorative series. Consensus is that just over 100 Proof versions were minted and distributed, although the lack of official U.S. Mint records on the issue has left researchers in doubt on many points. Walter Breen wrote that the issue was “shrouded in mystery.”

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The limited Proof production seems to have enjoyed a decent survival rate and examples turn up at auction with some frequency. This one, graded Proof 65 Cameo by Numismatic Guaranty Corp., is one of just two that have been designated as either Cameo or Deep/Ultra Cameo by NGC and it sold for $9,400. The price might be considered a bargain, as another NGC Proof 65 example without a Cameo designation brought $15,275 at a Heritage auction earlier this year.

Read the rest of Steve Roach's Whitman Expo Market Analysis:

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