1887 Quarter Eagle $2.50 NGC PR64CAM (CAC) Only 7 Finer.

Gorgeous Cameo Proof 1887 Quarter Eagle 1887 Liberty Head Quarter Eagle. JD-1, the only known dies. Rarity-5. Proof-64 Cameo (NGC). CAC. A glorious example of both the type and this challenging Proof issue. Dusted with pale silvery tinting, the surfaces are otherwise warm rose-orange and exhibit bold field to device contrast under a light. Original in preservation, this specimen also exhibits evidence of having been handled with care since the day of striking. There are no troublesome blemishes, in fact, and with crisp detail throughout, classic gold enthusiasts will find much to admire in this beautiful example. The Mint's initial delivery of Proof quarter eagles in 1887 amounted to 50 coins on March 25: 30 for inclusion in the year's Proof sets and 25 for individual sale. Additional deliveries followed sporadically throughout the year for a final mintage of 122 pieces. While this is a significant mintage for a Proof Liberty Head gold issue, it is a paltry total when viewed in the wider context of U.S. numismatics. Since many were released into circulation when they failed to sell to collectors, the population was reduced sharply from the outset and today numbers only 45 to 60 coins (per John W. Dannreuther, 2018). This is the finest specimen that we have offered in more than a decade, and it is sure to see spirited bidding and sell for a strong price. NGC Census: 7; 7 finer in this category (Proof-66 Cameo finest). CAC Stickered Population: 2; 2.