Description
This is a UNIQUE 1901-S BARBER QUARTER, CACG AU-58+, THE RAREST 20TH CENTURY SILVER COIN! AFTER 35+ YEARS IN THE RARE COIN BUSINESS, WE FIND IT DIFFICULT TO GET OVERLY EXCITED ABOUT ANY COIN. MORE TIMES THAN NOT, IT’S “BEEN-THERE, DONE-THAT”. THEN SOMETHING LIKE THIS BECOMES AVAILABLE, AND WE STEP BACK AND TAKE PAUSE. THIS 1901-S BARBER QUARTER IS A VERY SPECIAL COIN, AND ONE THAT MAKES US REALIZE THAT THERE ARE STILL COINS ON THE NUMISMATIC HORIZON THAT DEFY EVERY PREVIOUS TREND.
THE 1901-S BARBER QUARTER IS A BIT OF AN ANAMOLY. ONLY 72,00 WERE STRUCK MAKING IT ONE OF THE LOWEST MINTAGE REGULAR ISSUE 20TH CENTURY COINS. VIRTUALLY ALL EARLY 20TH CENTURY SAN FRANCISCO-MINTED COINS, MUCH LIKE NEW ORLEANS COINS DECADES BEFORE, WERE NEEDED FOR COMMERCE, AND SUBSEQUENTLY RELEASED INTO CIRCULATION. FEW IF ANY WERE SAVED. CONTEMPORARY COLLECTORS WERE ON A DISCONNECT, AND DID NOT REALIZE (OR CARE) ABOUT THE RARITY. MOST COLLECTED COINS SOLELY BY DATE RATHER THAN DATE AND MINTMARK. TODAY, THE GRADING SERVICES BEAR THIS OUT, WITH VERY FEW 1901-s QUARTERS GRADED OVER VERY FINE RECORDED IN THEIR CENSUSES. IN THE GRADE OF AU-58+, THIS COIN IS UNIQUE-NEITHER PCGS OR NGC HAS PREVIOUSLY GRADED ONE.
AMAZINGLY, THIS COIN IS 100% FRESH WITH NO AUCTION HISTORY OR KNOWN PEDIGREE. IT IS LITERALLY OUT OF THE WOODWORK, A RARITY IN TODAY’S INFORMATIION AGE. IN OUR OPINION, THIS EXAMPLE NEVER CIRCULATED. IT SHOWS ONLY THE LIGHTEST TRACE OF CABINET FRICTION THROUGH THE GORGEOUS GOLD TONING IN THE RIGHT OBVERSE FIELD. HONESTLY, WE HAVE SEEN MORE EGREGIOUS FLAWS ON COINS GRADED MS-63 AND HIGHER. CACG, THE GRADING SERVICE EXTENSION OF CAC, IS QUICKLY ESTABLISHING THEMSELVES AS THE MOST CONSERVATIVE SERVICE IN THE HOBBY. AFTER STUDYING THIS COIN IN DETAIL, IT IS EASY TO UNDERSTAND WHY.
REGARDING 1901-s QUARTERS, DAVID HALL FOUNDER AND FORMER CEO OF PCGS, OPINS: The 1901-S Barber quarter is, in my opinion, the rarest regular issue (non-variety) silver coin of the 20th century. The original mintage of 72,664 is very low for the era. For example, the mintage of the 1901 was 8,892,000, the 1901-O was 1,612,000, and the 1902-S was 1,524,612. And the 1901-S was issued at a time when collecting branch mints was not the general practice. Most collectors at that time just sought one of each date, regardless of mint. Collecting by date and mint mark didn’t start to get popular until about ten years later.
The majority of 1901-S quarter surviving today are very low grade with the typical specimen being an AG3 or GD4. Higher grade specimens are rare and mint state specimens are very rare.
IN CONCLUSION, THIS IS ONE OF THE RAREST COINS THAT OUR FIRM HAS EVER HANDLED. IT IS 100% FRESH, NEW TO THE MARKET, AND REPRESENTS A NUMISMATIC OPPORTUNITY OF THE HIGHEST ORDER. THE NEW OWNER WILL HAVE PROCURED A VERY SPECIAL COIN, AND DARE WE SAY, ONE THAT IS MOST LIKELY IRREPLACABLE
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