Extremely Rare Proof 1859 Quarter Eagle with the New Reverse Among Highlights of the Rubin Family Collection to be sold at the Stacks Bowers Galleries Official ANA Sale in August

Author: Stack's Bowers Galleries / June 4, 2015

IRVINE, Calif. (June 3, 2015) — Stack’s Bowers Galleries is pleased to present the Rubin Family Collection as part of our Official Auction in conjunction with the ANA World’s Fair of Money to be held in Rosemont, Illinois in August of this year. This small collection of gold, silver and copper coins includes the finest of three known Proof 1859 quarter eagles with the New Reverse hub style. The Rubin Collection example is graded Proof-65 Deep Cameo by PCGS, and is pedigreed to the famous and historic Amon G. Carter, Jr. Collection. Aside from being the finest New Reverse 1859 Proof quarter eagle, it is arguably the second or third finest certified quarter eagle of the date, the finest being the Harry Bass coin that is graded by PCGS as a Proof-66.

In 1859, the reverse hub for the quarter eagle was altered, making the letters and arrowheads smaller in size and more widely spaced than on the original hub design in use from 1840-1859 (and occasionally in 1860 and 1861 as well). The Guide Book lists a Proof mintage of 80 pieces for the date, and researchers have enumerated perhaps as many as 14 examples; the majority of these are of the Old Reverse hub style. Jeff Garrett and Ron Guth in their Encyclopedia of U.S. Gold Coins, explain: “Nearly all of the Proof 1859 quarter eagles were struck with the old Reverse Style. The Byron Reed example was struck with the New Reverse and is possibly unique.”

The New Reverse on Amon Carter’s 1859 Proof $2.50 was unheralded when his coin was sold by Stack’s at auction in January 1984. It was simply described as “Brilliant Proof…A choice example,” explaining why it was overlooked by researchers Garrett and Guth in their reference. The confirmation of the Carter coin as having the New Reverse adds it to the Reed coin mentioned above and the piece impounded in the collection of the American Numismatic Society, bringing the total known of this extremely rare reverse type to just three examples.

As the finest of only two collectible examples, this coin will create quite the stir among Proof gold specialists. Andrew Bowers, who worked with the Rubin family stated, “When this and the other coins were presented to us for appraisal and consignment, I was excited to see this important rarity. Working with Vicken Yegparian, we identified the Amon Carter coin as having the rarer New Reverse type, and upon its return from PCGS, it was confirmed to be the finer of the two collectible examples.”

Other gold coin highlights from the Rubin Family Collection include:

1876 $2.50 Proof-64 Cameo (PCGS)

1812 $5 BD-2. Rarity-4+. MS-65 (PCGS). Ex. James Walter and Margaret Woolfolk Carter Collections (Stack’s January 1986, lot 165)

1882 $5 Proof-66 Cameo (PCGS) CAC. Ex. Floyd T. Starr Collection (Stack’s October 1992, lot 1208).

“Many of the coins in the Rubin Family Collection were acquired over the years from Stack’s, both at auction and privately,” explains Vicken Yegparian, Vice President of Numismatics, who also worked with the family to bring these coins to auction. “It is always nice to see collections ‘come home’ when it is time for them to be sold, and these coins will be excellent highlights for our upcoming ANA sale.”

 Stack’s Bowers Galleries is still accepting rare coins and banknotes for our official ANA World’s Fair of Money auction. Consignments of world and ancient coins will be accepted until June 9 and US coins and banknotes until June 22. If you have numismatic items to consign to this important sale, contact one of our consignment specialists by calling 1-800-566-2580 (New York) or 1-800-458-4646 (California), or by email at [email protected].


About Stack’s Bowers Galleries

Stack’s Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company’s 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.

Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Irvine, California, with offices in New York, Wolfeboro, Hong Kong, and Paris. Stack’s Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Professional Numismatists Guild New York Invitational, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.


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