Finest known Proof 1834 Capped Bust quarter a Pogue auction highlight: Market Analysis

Early quarters sold at the recent Pogue Collection auction are the focus of this week's Market Analysis
By , Coin World
Published : 06/09/15
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The first of seven planned auctions from the D. Brent Pogue Collection was noteworthy for many factors. More than a third of the 128 lots consisted of the Texas collector’s 43 Draped Bust and Capped Bust quarter dollars from 1796 to 1838. The first Pogue auction totaled $25.3 million, and of the quarters, Stack’s Bowers Galleries observed, “Each coin is among the most exquisite of its kind and provenances include many of the greatest collectors and collections from the past.”

Here is one of three that Coin World is profiling in this week's Market Analysis:

The Coin 

1834 Capped Bust quarter dollar, Proof 67 Cameo

The Price 

$329,000

The Story 

To some, the most beautiful quarter dollar in the Pogue Collection was this 1834 Capped Bust quarter graded Proof 67 Cameo by Professional Coin Grading Service. The lot entry called it “a coin of indescribable beauty, toned in vivid Technicolor shades of watery champagne, cobalt, magenta, and orange-gold, the reverse somehow even bolder and brighter than the obverse.”

It is the finest known Proof of this date and the catalog speculates that it may have been part of the Sultan of Muscat presentation set, which included the extraordinary Proof 68 1804 Draped Bust dollar that will be offered in an upcoming Pogue auction.

Bidding opened at $180,000 and rose to a final bid of $280,000. With the 17.5 percent buyer’s fee, the total price of $329,000 comfortably exceeded the estimate of $175,000 to $275,000.

Keep reading this Market Analysis:

1820 Capped Bust quarter from Pogue Collection among the very earliest Proof coins

'Untoned and richly lustrous' 1807 Draped Bust quarter sells for $141,000

More from CoinWorld.com:

How one group is putting $100,000 in dollar and half dollar coins into circulation

Donald G. Partrick Collection auctions postponed at consignor's request

Collector discovers new variety for 1896 Indian Head cents

Stack’s Bowers Galleries announces coins to be offered in Pogue II sale in September

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