An attractive, well-preserved example of this desirable Small Letters variety. Lightly toned silver-white surfaces display pleasing original luster with strong cartwheel effect. Sharply detailed throughout, with crisp definition in Liberty’s portrait, stars, and drapery, complemented by a boldly struck eagle and shield on the reverse. Only minimal contact marks are present, consistent with the grade. A high-quality near-Gem representative of this popular early quarter type, offering excellent eye appeal and solid technical merit.