US Coins

1854-S gold quarter eagle realizes $282,000

The PCGS Secure VF-35 1854-S Coronet gold $2.50 quarter eagle that sold at auction Nov. 7 for $282,200 is one of only 12 examples confirmed to have survived from a total mintage of just 246 coins.

One of just 12 confirmed examples extant of the 1854-S Coronet gold $2.50 quarter eagle realized $282,000 at auction Nov. 7 in Baltimore.

Certified by Professional Coin Grading Service as Secure Very Fine 35, the quarter eagle was one of 4,483 lots of United States, world and ancient numismatic items offered Nov. 6 to 8 in floor sessions by Stack’s Bowers Galleries in conjunction with the Whitman Baltimore Coin and Collectibles Expo.

The 1854-S quarter eagle is one of just 246 $2.50 coins struck during the inaugural year of coinage production at the San Francisco Mint.

Authors Jeff Garrett and Ron Guth write in their 2006 reference Encyclopedia of U.S. Gold Coins 1795-1933 that the 1854-S quarter eagle was unknown in numismatic circles until 1910 when numismatist and author Edgar Adams discovered an example.

Previous owners of the 1854-S quarter eagle sold Nov. 7 include Ambassador R. Henry and Mrs. Emery May Norweb, George L. Davis and Henry P. Graves.

The finest known of the 12 confirmed existing 1854-S quarter eagles is an example certified About Uncirculated 53 by Numismatic Guaranty Corp.

Garrett and Guth list the 1854-S quarter eagle as No. 87 in their book 100 Greatest U.S. Coins.

The sale brought total prices realized for the floor sessions, including the 17.5 percent buyer’s fee added to the final closing hammer price of each lot won, of $13,454,639.48. The U.S. coins offerings brought $10,725,381.20; U.S. paper money realized $1,243,484.88; and world coins and other materials realized $1,485,773.40. ¦

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