‘Borderline Uncirculated’ 1911-D $2.50
- Published: Jan 12, 2019, 4 AM
Legend Rare Coin Auctions’ final online Premier Session auction on Dec. 16 offered a range of lightly circulated rare gold coins, including a 1911-D Indian Head gold $2.50 quarter eagle.
Because the devices’ high points are mostly below the fields as a result of Pratt’s innovative design, collectors unfamiliar with the series can have trouble detecting wear on lightly circulated coins, and a coin like the offered one — graded About Uncirculated 58 by Professional Coin Grading Service with a green Certified Acceptance Corp. sticker — was often sold as Mint State before the adoption of third-party grading. Sometimes the term “Borderline Uncirculated” or “Slider” is used for such high-end AU coins.
The high point is at the Native American’s cheek on the obverse, which shows light rub, as do the reverse fields. The appealing coin sold for $5,060 in Legend’s auction.
Two primary Mint mark varieties are seen on this low-mintage issue of just 55,600 coins: the Strong D and the Weak D. The issue is frequently counterfeited by adding a false Denver “D” Mint mark. Some Weak D examples display a Mint mark so faint that it is virtually undetectable, on which PCGS co-founder David Hall remarked, “Seems that when someone buys a 1911-D they actually want to see the D!”
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