The 1911 represents the Mint's return to the sandblast finish for Proof Indian quarter eagles after its brief experimentation with the satin (a.k.a. "Roman Gold") finish in 1909 and 1910. Only 191 pieces were produced, although it is a sign of the extreme rarity of the Proof Indian quarter eagle series as a whole that with upward of 120 coins believed extant, the 1911 is the most plentiful issue of the type after only the first year 1908. This is also a well preserved issue, with most survivors grading Gem Proof or finer.

The example to the left was sold by Stack's Bowers Galleries in the August 2021 Showcase Auction, where it sold for $40,800.