1891 1/2 LIBERTY HEAD GOLD QUARTER EAGLE, PCGS MS64, DDR

Description

1891 1/2 Liberty Head Gold Quarter Eagle, DDR
PCGS graded MS64
PCGS/NGC graded population 616
Mintage 10960
All 1891 business strike coins that I have seen show doubling of the reverse even though many holder titles do not indicate it. This is especially true of the right side legend (OF AMERICA), the denomination D including the period and dot, the eagle's right wing, and the arrows heads. Early strikes tend to show doubling of the top arrow shaft, fraction bar and denominator 2 as well.
Garrett and Guth's "Encyclopedia of U.S. Gold Coins 1795-1933" states, "The 1891 quarter eagle is a scarce, low-mintage date. In grades up to gem Uncirculated, the 1891 commands little or no premium over more common dates. This is difficult to understand, as the 1891 quarter eagle is many times rarer than any of the later-date issues. Gem examples are very rare, with just a few graded at that level."
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