US Coins

Only 1868 Seated Liberty given Deep Cameo designation sells

An 1868 Seated Liberty quarter dollar graded Proof 65 Deep Cameo by PCGS is the sole Deep Cameo example of this date. It sold for $7,050 on Jan. 29.

Images courtesy of Heritage Auctions

Heritage’s Jan. 29 to Feb. 1 auctions held at the Long Beach Expo topped $7 million in prices realized and among the series represented in depth were Seated Liberty quarter dollars. This series, produced from 1838 to 1891, has the range and variety that one would expect with a production run that spanned seven decades, multiple design subtypes, production at various U.S. Mints, weight changes and the Civil War. 

Coin World is profling three in its Market Analysis.

The coin

1868 Seated Liberty quarter dollar, Proof 65 Deep Cameo, CAC

The price


The story

This 1868 Seated Liberty quarter dollar graded Professional Coin Grading Service Proof 65 Deep Cameo with a green CAC sticker sold for $7,050 at Heritage’s Jan. 29 Long Beach Expo auction.

It is the sole example of this date with a PCGS Deep Cameo designation, which signals a high level of contrast between frosted devices and mirrored fields.

Heritage notes the mintage of 600 Proof pieces enjoyed a relatively high survival rate, but examples with cameo contrast are rare in any grade.

Amazingly, this same coin sold for $17,250 when offered at auction in 2009.  As far as PCGS comparables go, in 2010 Heritage sold one of the three PCGS Proof 65 Cameo examples for $4,025, and in August 2013 the firm sold one graded Proof 66 Cameo by PCGS for $11,750.

Keep reading this Market Analysis:

Only one 1860-S Seated Liberty quarter graded higher by PCGS than $8,812.50 example

Buyer of Proof 1875 Seated Liberty quarter may be looking for upgrade or Cameo designation

Community Comments