1914 $2.50 Indian NGC MS66. With only 240,000 pieces produced, the 1914 boasts the lowest mintage among Philadelphia Mint quarter eagles of the Indian design type. This is the second rarest issue of its type after the 1911-D, and when offered in Mint State at all is likely to be in the MS-60 to MS-63 grade range. Near-Gems in MS-64 are scarce by Indian quarter eagle standards, and Gems in MS-65 and higher grades are undeniably rare. MS66 – forget it (except now)!
Coinvalues.com brings to light a fact that we tend to agree upon, and that is this: “…1914 Philadelphia Indian Head $2.50 quarter eagles are considerably scarcer than other most other Indian Head quarter eagles, including the Denver issue from that same year. However, because relatively few numismatists collect Indian Head quarter eagles by date and mintmark, as is typical with many other 20th-century coin issues. Therefore, the relative scarceness of the 1914 Indian Head quarter eagle may be unnoticed by some collectors.”
We go further to say that the 1914 Philadelphia issue is on par with or actually more difficult to locate than the famed 1911-D. The 1911-D has always been the key-date for the series primarily due to it’s low mintage status. For example, the combined NGC and PCGS population for the ’14 in MS66 is 5 coins, with none CAC endorsed. The the combined NGC and PCGS population for the ’11-D in MS66 is 4 coins, with 1 CAC endorsed. The 1914 has a total of 1 coin in a higher grade (MS67) and the finest 1911-D is a MS66+). There’s not a whole lot of difference here EXCEPT when considering the published prices:
NGC Price guide: 1911-D = $235,000; 1914 = $65,000.
PCGS CU Price Guide = 1911-D = $165,000; 1914 = $55,000.
Numismedia = 1911-D = $209,250; 1914 = $56,030.
With all the evidence laid out we feel the 1914 Philadelphia mint in Superb Gem MS66 condition is a superlative buy, especially when demand for building the sets gets heightened by telemarketers again. This is a good coin to put away until that time…!