Minted by Antoine Louis Nouizillet. Total PCGS population graded to-date (8/2015) is 129 coins. In this grade there are 22 coins with just 2 finer.
Ex. Lot 111 from the April 2013 Holabird/Kagin Americana auction sale of the Jack Totheroh collection where it realized $1,998 (220% above the then PCGS published price guide of $625) and was described as:
1854 octagonal ¼ Dol., BG-108, Low Rarity 4. By Antoine Louis Nouizillet, another major issuer of small California gold coins from 1852 to 1858. He is first listed in the San Francisco city directory of Sept. 8, 1852, when he was in partnership with Isodore Routhier in a jewelry business. In the December 1852 directory he is shown as Nouizillet Co., jewelers, and also by himself, with Routhier listed separately. Another associate during this period was diesinker M. Deriberpie. Of much neater work than Frontier Deviercy, this piece features 11 stars and an abbreviated denomination. However, the reverse shattered quickly. Gleaming gold color; a pristine example! PCGS MS64. This coin ties the finest known sold at auction. Serial# 26703030. Totheroh Collection HKA#63321. See it on Icollector.com
Obv: Small Liberty head; 11 stars; 1854 at base. Three pointed curls on nape of neck. The ninth star is doubled.
Rev: 1-4 DOL. in wreath. 3 pairs of berries on each side; inner middle berry is left of bottom of D; inner right middle berry is right of L.