Finding My Latest NEWP for the 12pc Gold Set 1905 QE in the Wild: A Cherry Picker’s Guide

The Thrill of the Hunt: Finding Rare Coins in Circulation

As a dedicated roll hunter, I’ve learned that some of the most rewarding numismatic finds come from the most unexpected places. The excitement of discovering a gem in a $100 box of rolled coins or a dusty box at an estate sale is unmatched. Today, I’m sharing my experience with one of my latest additions to my 12-piece gold type set: a stunning 1905 Quarter Eagle (NEWP) that I found through careful cherry picking.

Understanding the 12-Piece Gold Type Set

For those unfamiliar with this collecting pursuit, the 12-piece gold type set represents one coin from each major design type of U.S. gold coinage. My particular goal has been ambitious: acquiring all coins in MS64 grade. This set includes:

• $10 Liberty
• $20 Liberty
• T1 gold dollar
• T2 gold dollar (this one will be tough!)

As of my latest acquisition, I have eight of the twelve coins, with the 1905 Quarter Eagle being my most recent addition. The hunt continues for the remaining four pieces, particularly the elusive Type 2 gold dollar.

Identifying Key Markers for the 1905 Quarter Eagle

When searching for quality specimens like my 1905 NEWP (New Orleans Mint Quarter Eagle), several key markers should be examined:

• Mint Mark Location: The “O” mint mark appears on the reverse, below the eagle
• Metal Composition: 90% gold, 10% copper alloy
• Weight and Size: 4.18 grams, 18mm diameter
• Designer: Christian Gobrecht

The 1905-O is not particularly rare in absolute terms, but finding one in MS64 condition requires patience and a discerning eye. Look for coins with minimal bag marks, especially on the cheek and eagle’s breast.

Where to Search: Circulation Finds and Bulk Lots

While my 1905 Quarter Eagle didn’t come from circulation (it was acquired through the collector network), many similar treasures can be found in unexpected places:

Bank Rolls

Half dollars and dollar coins occasionally yield surprising results. While gold coins haven’t circulated since 1933, silver coins from the mid-20th century still appear. Check:

• Half dollar rolls (especially pre-1971)
• Dollar coin rolls (particularly Eisenhower dollars)

Estate Sales and Auctions

Many collectors’ estates contain overlooked treasures. When attending estate sales:

• Ask about coin collections specifically
• Look for old jars, boxes, or envelopes containing coins
• Don’t overlook “junk silver” – these can sometimes contain better dates

Antique Shops and Flea Markets

Vendors at these venues often don’t recognize numismatic value. Key strategies:

• Build relationships with vendors who will contact you about coin collections
• Visit regularly – inventory changes frequently
• Be prepared to negotiate

Cherry Picking Varieties and Key Dates

The art of cherry picking involves recognizing valuable varieties that others might miss. For gold coins and other denominations, watch for:

Key Date Recognition

Even in lower grades, certain dates command premiums. For example:

• 1909-S VDB Lincoln cent
• 1916-D Mercury dime
• 1932-D Washington quarter

Die Varieties

Learning to identify doubled dies, overdates, and other varieties can be profitable. Resources like the Cherrypickers’ Guide are invaluable for this purpose.

Condition Surprises

Sometimes a seemingly common coin grades much higher than expected. Always check for:

• Full mint luster
• Sharp details on high points
• Minimal contact marks

Value Guide: What Makes the 1905-O Quarter Eagle Special

The 1905-O Quarter Eagle in MS64 condition represents a sweet spot for collectors. Here’s why:

• Mintage: 122,000 (relatively common for the series)
• Survival Rate: Many were melted during gold recall of 1933
• Current Value: MS64 specimens typically trade in the $1,500-2,000 range
• Registry Set Appeal: Popular for type set collectors

According to PCGS CoinFacts, the finest known 1905-O Quarter Eagle is a single MS66+ specimen. My MS64 represents a balance of quality and affordability that makes it ideal for a type set.

The Challenge of Completing the Set

As I mentioned earlier, the Type 2 gold dollar presents particular challenges. With a mintage of just 1,438,500 across all years (1854-1856), and most examples heavily circulated, finding one in MS64 is extremely difficult.

Collector Ken (Copperindian) shared his experience: “I just ‘settled’ for a pretty nice 1854 PCGS 62. The 64’s were 5 figures + (that is, if you could find one)!”

This highlights an important lesson for collectors: sometimes you must balance your ideal goals with market realities. My current Type 2 gold dollar in AU58 will remain in my collection regardless, as it’s a nice example of this short-lived design.

Authentication and Grading Considerations

When evaluating potential additions to your collection, consider these authentication tips:

• Weight Test: Gold coins should match standard weights precisely
• Magnification: Examine for signs of tampering or alteration
• Die Characteristics: Familiarize yourself with genuine die characteristics for each date and mint

Third-party grading services like PCGS and NGC provide authentication and grading, but learning to evaluate coins yourself is invaluable for a roll hunter.

Conclusion: The Joy of the Hunt

My 1905 Quarter Eagle represents more than just another coin in my set. It embodies the patience, knowledge, and persistence required in this hobby. Whether you’re searching through bank rolls, attending estate sales, or carefully examining bulk lots, the thrill of discovery awaits those willing to learn and look closely.

As I continue my quest for the remaining pieces of my 12-piece gold type set, I’m reminded that sometimes the journey is as rewarding as the destination. The relationships formed with fellow collectors, the knowledge gained through study, and those exciting moments of discovery make this hobby truly special.

What treasures are hiding in your local bank’s coin drawer or at the next estate sale? With knowledge and persistence, you might just find your own “latest NEWP” waiting to be discovered.

Related Resources

You might also find these related articles helpful:

• Smart Buying Guide: How to Acquire a 1905 Quarter Eagle for Your 12-Piece Gold Set Without Getting Ripped Off – Understanding the 1905 Quarter Eagle Market If you’re looking to add this to your collection, you need a strategy …
• Can My 1905 Quarter Eagle Be Made Into Jewelry? A Crafter’s Guide – Introduction: The Artisan’s Perspective As a coin ring artisan, I approach each piece with a discerning eye, evalu…
• Preserving Your 1905 Liberty Quarter Eagle: Expert Conservation Tips for Long-Term Protection – Preserving Your 1905 Liberty Quarter Eagle: Essential Conservation Tips As a passionate collector, I’ve seen too m…