Sealed Bid Auction — May 2008

Transcription

May 2008
Sealed Bid Auction
Presented by Augustin Capital Management
T E R M S & CO N D I T I O N S
AUCTION BASICS. This is a sealed-bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second highest bid, plus one bid increment of 10%. In the event the two highest
bids are within 10% of each other, the additional 10% increment does not apply. Bidding in this Auction Sale constitutes acceptance by
Bidder of all the Terms and Conditions of Sale stated herein.
Lot(s) may carry a Reserve. A Reserve is a confidential price or bid below which the Auctioneer will not sell an item or will re-purchase it on
behalf of the Consignor. Not all lots are guaranteed to sell unless designated as a “No Reserve” lot.
We prepare the descriptions for the Sealed Bid Auction with care and provide information which we believe assist the Bidder to make
informed decisions. We cannot, however, be responsible for errors and omissions in the material provided. Thorough research on factors
such as market valuation, grading, investment potential and possible resale are the responsibility of the Bidder, not of AUCM.
2. UNDERSTANDING COIN GRADING. Bidder acknowledges that all grading of coins in this Auction have been determined by independent grading services and not by AUCM. Grading of rare coins is subjective and may differ among independent grading services and among
numismatists, even though grading has a material effect on the value of the coins. AUCM is not responsible for the grades assigned, and
makes no warranty or representation regarding such grades.
3. OUR BIDDING PROCESS. Bidding commences at the beginning of a coin show and continues for several days, typically ending at the
end of the week at a designated time. All Sealed Bid Sheets must be submitted to AUCM by that time or the bids may be refused. All bids
are sealed bids and must be for an entire lot and each lot constitutes a separate sale. No lot will be broken up unless otherwise permitted
by AUCM. THIS IS NOT AN APPROVAL SALE. Therefore, except as otherwise provided in these Terms and Conditions of Sale, NO LOT MAY
BE RETURNED BY A BIDDER WHO HAS HAD AN OPPORTUNITY TO VIEW THE LOT(S).
AUCM reserves the right to withdraw any lot at any time, until the close of the Auction Sale. No Bidder shall have a right to claim any consequential damages if a lot is withdrawn.
4. BIDDER REQUIREMENTS. All persons seeking to bid must have read these Terms and Conditions of Sale. By submitting a bid, the Bidder
acknowledges that Bidder has read the Terms and Conditions of Sale, the descriptions for the lot(s) on which Bidder has bid, and that he or
she agrees to be bound by these Terms and Conditions of Sale. This agreement shall be deemed to have been made in California. The
Bidder acknowledges that the invoice describing a lot by number incorporates the catalog and Terms and Condition of Sale.
5. PRICES, PAYMENT AND DELIVERY. There is no buyer’s fee added to each individual lot AUCM does not require a deposit in advance.
Bidder shall make payment in full upon notification of purchase immediately following an auction. All payments must be made by check,
or money order in U.S. Funds.
AUCM reserves the right to extend credit to successful Bidders.
Taxes, postage, freight charges, if applicable, handling, insurance and any other fees required by law to be charged or collected will be
added to the invoice for any lot(s) that is invoiced to successful Bidders.
California, New Jersey and New York State residents will be charged sales tax. Please note that the purchase of any lot with a price, including the buyer’s fee, in excess of One Thousand Dollars ($1,000.00) is exempt from California sales tax. Title to any lot remains with
Consignor, any secured party of the Consignor, or Consignor’s assigns, as the case may be, until the lot is paid for in full by Bidder and
shipped to Bidder, at which time the RISK OF LOSS passes to the Bidder.
7. DISPUTES. If a dispute arises concerning ownership of a lot that has been bid upon or proceeds of any sale, AUCM reserves the right to
commence a statutory interpleader proceeding at the expense of the Consignor and successful Bidder and any other applicable party, and
in such event shall be entitled to its reasonable attorneys’ fees and costs. AUCM reserves the right to cancel or postpone the Auction Sale
or any session thereof for a reasonable period of time for any reason whatsoever. No Bidder shall have any claim as a result thereof, including for incidental or consequential damages.
8. GENERAL TERMS. These Terms and Conditions of Sale and the auction shall be construed and enforced in accordance with and governed by, the laws of the State of California, regardless of the location of the Auction Sale. Any dispute arising out of or related to these
Terms and Conditions of Sale, the Auction Sale or any lot, with the sole exception of actions by AUCM to collect the purchase price and
other damages, shall be submitted to binding arbitration pursuant to the rules of the Professional Numismatics Guild (“PNG”).
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
1
1/2C 1803 Draped Bust Half Cent
NGC
MS-65 BN
$
This is one of the two highest graded 1803 half cents for the 1803 year. The other MS-65
appeared for sale at public auction in Heritage’s sale of the 2004 Pittsburgh A.N.A. Interestingly,
the population was 2 with none finer in 2004, as it is today. There are no published prices for
either Coin World or Collectors Universe, however, Numismedia publishes a $16,880 Retail Value;
$13,500 Wholesale. We do note a MS63 Brown coin realized $10,925 in the Stacks January 2002
Americana Sale; and a NGC AU55 example of a C-4 sold for $9,200 in the Glode Requa Sale conducted by A.N.R. NGC#1288613-003. (PCGS#1060). To be sold provisionally (see lot#10).
Images not actual size.
2
1C 1803 Draped Bust Large Cent S-258
NGC
MS-63 BN
$
Small Date, Large Fraction. This is a super example of the Sheldon-258 variety. This coin is
absolutely free of blemishes. Recently, Heritage sold the Walter Husak specimen, graded MS-63 by
PCGS. It realized $18,400. Three years prior, a NGC MS-63 example fetched $17,250. According
to Del Bland, "dozens survive in Mint State, a few of which can be called MS63 but nothing better
has been seen." There are no published prices in Coin World but Collectors Universe has a value of
$13,000. Numismedia publishes an $11,560 Retail Value; $9,250 Wholesale. NGC#1725228-005.
(PCGS#1485).To be sold provisionally (see lot#10).
3
H10C 1803 Draped Bust Half Dime, LM-3, V-2
NGC
MS-62
$
Large 8. LM-3, V-2, R.3. Three die varieties are known for the 1803 half dimes, but all are rarities
in Mint State grades. Even XF and AU examples that are not improperly handled are difficult to
locate. NGC has graded 5 coins MS62 with 2 finer. This coin is topped by a few others, namely
the Eliasberg (MS67) and Norweb (MS64) examples, as well as a MS-64 that sold for $33,350 in
the Heritage 1998 Andre Dawson Sale. The only other MS-62 we can account for sold in March of
2005 for $14,375 in quite a different market. Coin World has a published value of $24,000;
Collectors Universe is $22,500. Numismedia publishes a $21,060 Retail Value; $16,850 Wholesale.
NGC#1702717-003. (PCGS #4269). To be sold provisionally (see lot#10).
4
10C 1803 Draped Bust Dime, JR-4
PCGS
AU-53
$
Formerly out of the Bowers and Merena 2006 Beverly Hills Rarities Sale, lot #182, where it realized
$25,300. As described, the coin is “Struck from a cracked reverse die, there are several sizeable
breaks (as produced) on that side.” By comparison, the JR-2 Miles/Lovejoy/C.L. Lee specimen, certified by ANACS as AU-55 cleaned, sold in August of 2007 for $19,550. In addition, in 2004 another
example graded ANACS AU-50 realized $20,700 out of the Frog Run Farm Collection. In that catalog,
it states “The best specimen identified in the JRCS census is an AU-55 coin in a well-known holding,
perhaps the Lovejoy coin; no other reported specimen was finer than F-12!” Rarity-5. Population of 1
coin with 6 finer. PCGS#10333539. (PCGS#4473). To be sold provisionally (see lot#10).
5
50C 1803 Draped Bust Half Dollar, Small 3 O-104
NGC
AU-58
$
This Overton-104 coin is well within the Condition Census, which the Overton reference depicts as
58, 55, 50, 50, and 50. NGC has certified this one Small 3 piece as AU58 with none finer. PCGS
has certified a solitary MS64 example, but none other above AU55. According to our Price Access
& Retrieval System, this coin appeared in several auctions earlier this decade. In 2003, it was cataloged in the 2003 A.N.A. Sale as ex Fivaz and realized $11,500. Next it appeared in the 2004
November Palm Beach Sale; the 2005 March Richard Jewell Sale and lastly in the 2005 December
Old Colony Collection. There are no published prices in Coin World but Collectors Universe has a
value of $12,000. Numismedia publishes a $14,380 Retail Value; $11,500 Wholesale. Rarity-3.
NGC#1784446-004. (PCGS#6067). To be sold provisionally (see lot#10).
1
Augustin Capital Management
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
6
S$1 1803 Draped Bust Dollar, B-6, BB-255
NGC
AU-58
$
There are several different varieties of the 1803 Large 3 Draped Bust Dollar. This particular example is one of the Finest Known. It displays exceptionally prooflike surfaces with few blemishes. The
BB-255 can be identified by a thick top to the 3 in the date, with light double punching at the
base. We have traced five Au-58 examples having appeared at auction since 2000, with the prices
realized varying from $10,925 to $25,300. There are no published prices explicitly for the Large 3
variety, but the 1803 Collectors Universe value is $15,500 while Numismedia has a published price
of $17,310 Retail Value; $13,850 Wholesale. Rarity-2. NGC#2026532-004. (PCGS#6901) To be
sold provisionally (see lot#10).
7
$5 1803/2 Heraldic Eagle Reverse
NGC
MS-63
$
This is the BD-3; Breen-6441; Miller-57; B.1-D variety. Overall, we could grade this coin a MS-64.
Certainly the reverse is a Gem prooflike! We note excellent original surfaces. As of August 2007,
we note auction prices averaging $28,750. NGC has certified 47 coins in this grade with 17 finer.
Coin World has a published value of $35,000; Collectors Universe is $33,500. Numismedia publishes a $35,630 Retail Value; $28,500 Wholesale. NGC#1650270-002. (PCGS#8084) To be sold
provisionally (see lot#10).
8
$10 1803 Heraldic Eagle Small Stars
NGC
AU-58
$
This is the BD-3; Breen-6441; Breen-6844, Taraszka-28 variety, also known as the famous "Horned
Eagle" variety that shows die clash marks above the eagle's head that resemble a pair of horns.
According to Harry Bass notes and John Dannreuther, only 150 to 200 examples are known in all
grades from an original mintage of 15,017. See next lot for published prices. NGC#1518437-002.
(PCGS#8565) To be sold provisionally (see lot#10).
9
$10 1803 Heraldic Eagle Small Stars
NGC
AU-58
$
Another of the BD-3; Breen-6441; Breen-6844, Taraszka-28 variety. Coin World has a published
value of $35,000; Collectors Universe is $32,000. Numismedia publishes a $32,940 Retail Value;
$26,350 Wholesale. NGC#672756-004. (PCGS#8565) To be sold provisionally (see lot#10).
SVC
GRADE
DATE
AUCTION COMPANY
PRICE REALIZED
COLLECTION
NGC
58
2/10/2008
GOLDBERG
LOT NO
2440
$27,025.00
Pre-Long Beach
PCGS
58
11/1/2006
SUPERIOR
296
$28,750.00
Santa Clara Elite Sale
NGC
58
11/1/2006
STACKS
1344
$27,600.00
Norweb Collection
PCGS
55
9/1/2006
A.N.R.
906
$31,050.00
Glode M. Requa Collection
PCGS
58
3/15/2006
A.N.R.
1665
$28,750.00
N.Y. Connoisseur's Collection
.
58
3/1/2005
STACKS
1793
$29,900.00
Lawrence C. Licht
.
50
10/1/1996
SPINK AMERICA
469
$55,000.00
Byron Reed
.
55
10/2/1980
Bowers & Ruddy
1664
$12,000.00
John W. Garrett, Johns Hopkins Univ.
10
1803 Set Price (lots 1-9)
$
These lots are sold on a provisional basis. If the total of all of the bids for lots #1 through #9 exceed your bid price for this lot #10, the
coins will sell individually, provided there are bids for each of the coins. Otherwise, our consignor prefers to sell these coins as a collection.
2
LOT#
DESCRIPTION
SVC
GRADE
11
1C 1909-S VDB
ICG
EF-45
YOUR BID
$
This is a true collector coin! It has no blemishes under magnification, just great, honest wear typical of an EF-45 coin. We could as easily see this coin in an
AU holder. Collectors Universe value is $1,350 while Numismedia has a published price of $1,378 Retail Value; $1,099 Wholesale. CDN Monthly is $1,030 in
XF, but it will take more than that to acquire this beauty. ICG#4846590301.
12
5C 1866
NGC
MS-65
$
Some light electric blue and russet red toning enhances the overall appearance of this Gem. Coin World has a published value of $2,500; Collectors Universe
is $2,800. Numismedia publishes a $2,760 Retail Value; $2,125 Wholesale. CDN Monthly is $1,980 in MS65, but it will take much more than that to
acquire this beauty. NGC#1730765-002. (PCGS#3790)
13
5C 1919-S
NGC
MS-64
$
The surfaces of this rare-date Buffalo nickel are bathed in electric rose and blue. Coin World has a published value of $5,000; Collectors Universe is $4,700.
Numismedia publishes a $5,310 Retail Value; $4,250 Wholesale. CDN Monthly is $3,560 in MS65, but with a MS-65 bid of $18,000, we know it will take
much more than that to acquire this striking specimen. Census of 94 coins with 15 finer. NGC#1665112-002. (PCGS#3943)
14
H10C 1853 Arrows at Date
NGC
MS-65
$
This is a startling white blazer featuring surfaces full of satiny luster. Coin World has a published value of $2,000; Collectors Universe is $2,700. Numismedia
publishes a $1,970 Retail Value; $1,575 Wholesale. CDN Quarterly is $1,600 in MS65. Census of 70 coins with 58 finer. NGC#1998485-001. (PCGS#4356)
15
H10C 1857 Stars on Obverse
NGC
MS-65
$
Satiny silver surfaces with an antique halo around the peripheries. Coin World has a published value of $1,500; Collectors Universe is $1,200. Numismedia
publishes a $1,250 Retail Value; $1,000 Wholesale. CDN Quarterly is $960 in MS65, but it will take a bid over $1,000 to win this specimen. Census of 88
coins with 45 finer. NGC#1978409-004. (PCGS#4365)
16
10C 1853 No Arrows
NGC
MS-65
$
This No Arrows half dime struck in 1853 is a much rarer coin than most would believe; perhaps it suffers from the perception that is common since the
1853 With Arrows type is so frequently available. For example, we have not recorded an auction price realized in MS-65 since 2003. We also point out those
examples graded MS65 by NGC selling in the Father Flanagan Sale and Alan Lovejoy Sales averaged $7,000 each many years ago! Today, Coin World has a
published value of $3,000; Collectors Universe is $3,650. The Numismedia published retail price is $2,840 and a wholesale price of $2,275. CDN Quarterly
is $2,250+ in MS65. Census of 17 coins with 12 finer. NGC#1967650-002. (PCGS#4599) Compare these figures with those for the next lot!
17
10C 1853 Arrows at Date
NGC
MS-65
$
The surfaces of this specimen are veiled in a light bronze color, shadowing satiny surfaces. Deeper blue toning appears at intervals around the peripheries
Coin World has a published value of $3,000; Collectors Universe is $3,000. The Numismedia published retail price is $2,840 and a wholesale price of $2,275.
CDN Quarterly is $2,320+ in MS65. Census of 64 coins with 53 finer. NGC#1996476-002. (PCGS#4603)
18
20C 1875-S
NGC
MS-65
$
This is a coin with satiny surfaces covered by light toning. Typically a Mint State Twenty Cent piece will have a poor strike, and usually grades MS62 to
MS63. This piece possesses an above-average strike. We note a pocket of peripheral rainbow toning around the denticles on the obverse. Coin World has a
published value of $6,000; Collectors Universe is $6,000. Numismedia publishes a $5,530 Retail Value; $4,425 Wholesale. NGC#398980-004. (PCGS #5298).
SVC
GRADE
DATE
1875-S 20C Significant Auction Prices
AUCTION COMPANY
LOT NO PRICE REALIZED
COLLECTION
PCGS
65
3/7/2008
HERITAGE
467
$4,600.00
2008 A.N.A. Sale Phoenix
PCGS
65
3/7/2008
HERITAGE
468
$4,663.25
PCGS
65
3/7/2008
HERITAGE
470
$6,900.00
PCGS
65
1/12/2008
HERITAGE
1067
$4,025.00
2008 F.U.N. Orlando
PCGS
65
8/1/2007
STACKS
501
$5,463.00
J. A. Sherman Collection
NGC
65
2/1/2007
GOLDBERG
1339
$4,025.00
Pre-Long Beach
3
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
19
25C 1854-O Huge O, FS-004
NGC
VF-30
$
A Red Book variety. The December CDN Monthly Summary described the 1854-O clearly and succinctly: “Scarce in all grades; rare in XF, very rare in AU,
Unique in Mint State!” In the November 2007 issue of the Gobrecht Journal, Bob Foster describes the Huge O “…a very rare variety with only 41 pieces
graded by PCGS and NGC combined in all grades.” He is also credited for stating back in 2000 ‘that this variety was one of the most under priced coins in
the entire series.” His observation has certainly proven to be correct as demand for this variety has far exceeded the available supply! Collectors Universe is
$6,000. The Numismedia published retail price is $6,307 and a wholesale price of $5,043. CDN Quarterly is $3,750 for a VF (20). Census of 3 coins with 4
finer. NGC#3099534-004. (PCGS#5434)
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
35
4/19/2008
HERITAGE
.
20
10/1/2007
STACKS
ANACS
45
6/1/2007
STACKS
PCGS
25
2/17/2007
HERITAGE
NCS
40
1/1/2007
HERITAGE
PCGS
45
8/1/2006
A.N.R.
NGC
25
1/15/2005
HERITAGE
6389
$3,737.50
2005 F.U.N. Signature
NGC
35
5/8/2004
HERITAGE
6946
$4,830.00
2004 C.S.N.S. Signature
20
LOT NO
PRICE REALIZED
COLLECTION
807
$6,353.75
2008 C.S.N.S. Signature Sale
4965
$4,255.00
72nd Anniversary Sale
552
$6,038.00
Dr. Tory Prestera Collection
3153
$4,312.50
2007 Long Beach Signature
2913
$3,600.00
2007 F.U.N. Signature
427
$9,775.00
Old West & Franklinton Collections
25C 1932-S
PCGS
MS-64
$
The 1932-S has the lowest mintage in the Washington Quarter series with only 408,000 pieces struck and is the second rarest issue, second only to the
1932-D. Today, Coin World has a published value of $3,000; Collectors Universe is $1,850. The Numismedia published retail price is $1,630 and a wholesale
price of $1,300. CDN Monthly is $1,050- in MS64. Population of 925 coins with 97 finer. PCGS#50078952. (PCGS#5792)
21
50C 1893-O
NGC
$
Formerly from Heritage’s 2001 A.N.A. Atlanta Signature Sale, lot 6240, where it realized
$5,290. In that sale, this coin is described as “This obviously original example is toned in
mottled lilac-gray, orange-gold, and sea-green colors that become more vibrant toward
the rims. The strike is typically soft for an O-mint example, but the underlying luster is
readily evident at all angles and the surfaces are devoid of bothersome abrasions.
Unlike the first-year 1892-O (which was saved in relatively large numbers at the time of
issue), the '93-O is difficult to locate as a Gem. Seven years ago, the Population was 5 in
MS65, none finer. Today, it is a mere 6 coins with 2 finer. Coin World has a published
value of $11,000; Collectors Universe is $11,000. Numismedia publishes a $7,690 Retail
Value; $6,150 Wholesale. CDN Monthly is $7,500. NGC#330801-002. (PCGS#6466)
22
MS-65
S$1 1798 Draped Bust, Large Eagle, 13 Stars
NGC
VF-30
$
Collectors Universe is $2,600. Numismedia publishes a $3,664 Retail Value; $2,930 Wholesale. NGC#330801-002. (PCGS#6466)
23
S$1 1801 Draped Bust Dollar
ANACS
XF-45 Details,
Cleaned
$
Although this Draped Bust Dollar was lightly cleaned some time ago and now toned over with medium gray fields, land slightly darker steel toning near the
obverse and reverse borders. We know of no rare varieties of 1801, but this date is scarcer than coins struck in other years. The coins listed below and graded by ANACS were all described as cleaned, similar to the coin we are offering here. ANACS#2868019. (PCGS#6893)
SVC
GRADE
DATE
AUCTION COMPANY
ANACS
45
2/16/2008
HERITAGE
LOT NO
862
PRICE REALIZED
$4,151.50
COLLECTION
John Stimson, Sr. Collection, Part 2
PCGS
45
2/10/2008
GOLDBERG
2896
$6,900.00
Dr. Robert Hesselgesser Collection
ANACS
45
1/12/2008
HERITAGE
1813
$3,737.50
The Parker Lee III Collection
PCGS
45
8/1/2007
BOWERS & MERENA
1334
$5,290.00
Rarities Sale
ANACS
45
7/13/2007
HERITAGE
1178
$4,255.00
2007 Summer F.U.N.
PCGS
45
5/12/2007
HERITAGE
927
$4,887.50
2007 C.S.N.S. Signature Sale
.
45
3/1/2007
STACKS
1056
$5,405.00
Brooklyn Sale
4
LOT#
DESCRIPTION
24
S$1 1802/1 Draped Bust Dollar
SVC
GRADE
YOUR BID
ANACS
AU-50
$
This is one of the most beautifully toned Early Dollars we have ever seen. The champagne rainbow
colors surround the circumference of the obverse beyond the stars, date and legend LIBERTY,
melding into a steel silver center. The reverse has a lighter, more uniform steel silver color. Coins
like this one usually bring runaway prices at auction, so we would not be surprised to see a lot of
bidder activity. Coin World has a published value of $11,000; Collectors Universe is $11,000 in
AU55. Numismedia publishes a $10,560 Retail Value; $8,450 Wholesale. CDN Quarterly is $8,350.
ANACS#3216841. (PCGS#6898)
25
S$1 1878 7/8TF-Weak VAM-33 Double Legs
PCGS
MS-63
$
According to www.vamworld.com , “the main feature of this reverse is that it has tremendously doubled legs. This doubled leg reverse die is shared
between VAM-33 and the ultra-rare VAM-44 (VAM-32 and VAM-31 also have different doubled leg reverses). Another attribution feature of VAM-33/44 is
looking at the underside of the olive branch to the left of the eagle and above the arrow feathers for the rounded mound characteristic of this die.”
33
(revised) II/I 7 · B/Ad (3 TF) (180) I-3 Rarity-4.
26
S$1 1879-CC
PCGS
MS-61 Prooflike
$
This is one of the two key date issues in the Carson City series of Morgan dollars. There are two
distinct varieties; the Normal Mintmark variety, and the so-called "Capped Die" variety (which is
actually a doubled mintmark). The normal variety is actually considered more desirable. The present coin displays remarkable deep mirror surfaces, although PCGS has described this coin as merely “prooflike.” We happen to know this coin has also been in a PCGS MS62 holder, so it is PQ for
the grade. There are no published prices for the MS61 grade. PCGS#12258542. (PCGS#7087)
SVC
GRADE
DATE
AUCTION COMPANY
.
61
1/7/2008
STACKS
PCGS
61
8/1/2006
HERITAGE
27
LOT NO
PRICE REALIZED
COLLECTION
646
$4,830.00
The Franklinton Collection Part 2
2793
$4,888.00
2006 A.N.A Sale Denver
S$1 1881-CC
NGC
MS-65
$
Original mintage of only 296,000. Coin World has a published value of $1,100; Collectors Universe is $1,050. Numismedia publishes a $1,090 Retail Value;
$870 Wholesale. CDN Weekly is $820. NGC#241071-014. (PCGS#7126).
28
S$1 1881-O
NGC
MS-65
$
Only 7 coins are graded higher than MS-65. Coin World has a published value of $1,800; Collectors Universe is $1,650. Numismedia publishes a $1,750
Retail Value; $1,400 Wholesale. CDN Weekly is $1,280. NGC#1537473-087. (PCGS#7128).
29
S$1 1921 Peace High Relief
PCGS
AU-53
$
Collectors Universe published value is $185. Numismedia publishes a $163 Retail Value; $136 Wholesale. CDN Weekly is $125 in AU. PCGS#11838314.
(PCGS#7356).
30
S$1 1923-S
PCGS
MS-65
$
PCGS Has graded only 103 coins with 3 finer, a surprising low number of Gem coins considering an original mintage of 19 million coins. Therefore, the
1923-S in MS-65 is a Condition Rarity. Coin World has a published value of $6,500; Collectors Universe is $7,800. Numismedia publishes a $7,280 Retail
Value; $5,825 Wholesale. CDN Weekly is $6,000+. PCGS#50230422. (PCGS#7362).
31
S$1 1926-S
PCGS
MS-66
$
The surfaces of this sensational example display a watery silver quality with a scant few number of blemishes, if any. PCGS Has graded only 67 coins with 2
finer. Coin World has a published value of $6,000; Collectors Universe is $5,500. Numismedia publishes a $5,660 Retail Value; $4,525 Wholesale. CDN
Weekly is $4,200. PCGS#05886992. (PCGS#7369).
32
S$1 1927-D
NGC
MS-65
$
According to Dave Bowers, this is the rarest Denver Mint Peace dollar in Mint State. Bright, satiny and lustrous fields describe this Gem to a tee! The cheek is
blemish-free as this coin is kept from a MS-66 grade by…well, we’re not sure! Coin World has a published value of $6,000; Collectors Universe is $5,500.
Numismedia publishes a $5,660 Retail Value; $4,525 Wholesale. CDN Weekly is $4,200. Census of 84 coins with 4 finer. PCGS#05886992. (PCGS#7369).
5
LOT#
DESCRIPTION
33
S$1 1934-S
SVC
GRADE
YOUR BID
PCGS
MS-65
$
The 1934-S is the key Peace dollar in Mint State. Both sides of this wonderful example
have frosty silver surfaces with ivory luster and a trace of iridescent toning. PCGS has
only graded 23 finer examples, mostly in the MS-66 grade. This coin was graded several
years ago as it is still in a green insert PCGS holder. Coin World has a published value of
$9,000 and $25,000 as MS-66; Collectors Universe is $9,000 with $30,000 as the MS-66
value. Numismedia publishes a $9,310 Retail Value; $7,450 Wholesale. CDN Weekly is
$6,900 with $17,500 as MS-66. PCGS#2624818. (PCGS#7377).
34
G$1 1904 Lewis & Clark
NGC
MS-61
$
The present example displays rich lustrous surfaces and is kept from a higher grade by wispy hairlines on both the obverse and reverse. Collectors Universe
published value is $1,275. Numismedia publishes a $1,290 Retail Value; $1,075 Wholesale. CDN Weekly is $1,000 in MS-60. NGC#3015244-015.
(PCGS#7447).
35
G$1 1922 Grant
NGC
MS-65
$
Coin World has a published value of $5,000; Collectors Universe is $4,200. Numismedia publishes a $3,850 Retail Value; $2,850 Wholesale. CDN Weekly is
$3,400. NGC#1800945-006. (PCGS#7458).
36
G$1 1922 Grant with Star
NGC
MS-65
$
There is a theory that the star was added as a marketing ploy to sell more coins to the general public. Coin World has a published value of $5,000;
Collectors Universe is $4,400. Numismedia publishes a $3,710 Retail Value; $2,750 Wholesale. CDN Weekly is $3,400. NGC#1977436-002. (PCGS#7459).
37
$2.50 1915-S Panama-Pacific (Repaired, cleaned)
NCS
AU Details
$
A suitable collector coin with minor tooling evident in the fields on the reverse and within the exergue on the obverse, just to the left of the date. We note
that four coins graded by NCS as cleaned UNC have sold for an average price of $2,070 over the past three years. There are five ANACS certified AU50
coins that have sold at public auction since 2001 for an average price of $1,308.
38
Four
•
•
•
•
Large Lot of Gold Commemoratives
NCS
$
gold commemoratives are offered as a Large Lot. They all show signs of improper handling. They are:
1903 Louisiana Purchase Jefferson Gold Dollar, NCS AU Details improperly cleaned 5247132-005
1903 Louisiana Purchase McKinley Gold Dollar, NCS AU Details bent, whizzed 5247132-006
1904 Lewis & Clark Gold Dollar, NCS Mount removed, improperly cleaned 5247132-004
1917 McKinley Gold Dollar, NCS Obv Scratched, Rev damage 5247132-003
39
G$1 1874 Gold Dollar
PCGS
MS-62
$
PQ and semi-prooflike. The 1874 is considered a common date, but this coin, possibly certified many years ago, is worthy of a premium bid.
PCGS#2720566. (PCGS#7575).
40
$2.50 1834 Classic Head
PCGS
AU-50
$
Coin World has a published value of $2,000; Collectors Universe is $1,400. Numismedia publishes a $1,460 Retail Value; $1,165 Wholesale.
PCGS#11838328. (PCGS#7692).
6
LOT#
DESCRIPTION
41
$2.50 1848 Liberty Quarter Eagle
SVC
GRADE
PCGS
PR-64
YOUR BID
$
This is one of three coins known to exist and the Finest of the two which are available
to collectors. It is a major rarity as we seldom see any proof gold dated prior to 1870 for
sale, especially those struck prior to the actual Congressional authorization of Proof
coins late in the 1850’s! This marvelous example realized $99,000 ten years ago when it
sold out of the famous Pittman collection. According to our research of auction records,
rare coins sold in the Pittman collection, and then sold again during this decade, have,
on average, increased in value 33%. These are the known 1848 Quarter Eagle proofs:
1. National Numismatic Collection, Smithsonian Institution.
2. PCGS PR-64. The presently offered specimen; Heritage’s C.S.N.S. Sale (5/07), lot 2246;
Larj Collection (Heritage 3/06), lot 1775; John J. Pittman Collection (Akers, 5/98), lot 1759; Thomas G. Melish (Kosoff, 4/56), lot 1181; George
H. Earle (Henry Chapman, 4/12), lot 2541.
3. PCGS PR-62. Heritage’s Orlando F.U.N. Sale (1/99), lot 8001; Superior (2/91), lot 2669; Ed Trompeter; Dr. Elias Rand; Davies-Niewoehner
(Paramount 2/75), lot 495; Fred Davies; Paramount International Coin Corp.; Stanley Kesselman; Texas Collector; World's Greatest Collection
(Kosoff, 1/45), lot 115; F.C.C. Boyd; William H. Woodin (Elder, 3/11), lot 973.
The only published value available is listed on Collectors Universe at $120,000. PCGS#4983579. (PCGS#7874).
42
$2.50 1848 CAL Liberty Quarter Eagle
ANACS
Ex-jewelry
$
Lately, over the past year, prices for the 1848 CAL issue have accelerated dramatically.
We note a PCGS VG10 recently selling for $28,750 and an AU-58 selling for $71,500
when a year before, a price realized for a similar coin was $57,500. Only 1,389 quarter
eagles marked with the CAL stamp were made and only 200 still exist. These coins, considered as the first American gold commemorative, bear poignant witness to the colorful history of the American West. In VG-10, Numismedia publishes a $27,840 Retail Value;
$23,200 Wholesale. CDN Quarterly is $28,000 in VF. ANACS#40704824. (PCGS#7749).
43
NGC
MS-62
$
Coin World has a published value of $900; Collectors Universe is $950. Numismedia publishes an $810 Retail Value; $650 Wholesale. NGC#3030342-006.
(PCGS#7782).
44
NGC
MS-64
$
Coin World has a published value of $1,800; Collectors Universe is $1,550. Numismedia publishes a $1,500 Retail Value; $1,200 Wholesale. NGC#3148096002. (PCGS#7858).
45
$2.50 1926 Indian Quarter Eagle
NGC
MS-64
$
We expect a lot of activity on this coin. It is very close to Gem status, despite one or two wispy hairlines. There is stunning luster on both the obverse and
reverse. Coin World has a published value of $2,300 in 64 and $6,000 in 65; Collectors Universe is $1,800 in 64 and $6,000 in 65. Numismedia publishes a
$1,750 Retail Value; $1,400 Wholesale. NGC#3029412-001. (PCGS#7950).
46
$2.50 1928 Indian Quarter Eagle
NGC
MS-63
$
This coin resided in a Capital Plastic 4 pc Gold Set holder for over two decades, and was only just recently submitted for certification by us. Fresh and lustrous. NGC#3148096-001. (PCGS#7952).
47
$3 1854 Three Dollar
ANACS
AU-55
$
The first year-of-issue and a handsome coin, featuring deep yellow gold surfaces. Coin World has a published value of $2,200. Collectors Universe is $1,750.
Numismedia published value is $1,750 for a Retail Value; $1,400 Wholesale. We believe it will take a strong bid to win this coin! ANACS#2811708. (PCGS#7969).
48
$3 1857 Three Dollar
PCGS
AU-50
$
A late addition to our Sealed Bid Auction. An AU coin with a reverse that claims to be Very Choice, nearly Mint State. Coin World has a published value of
$2,200. Collectors Universe is $1,750. Numismedia published value is $1,810 for a Retail Value; $1,450 Wholesale. We believe it will take a strong bid to
win this coin! (PCGS#7976).
7
LOT#
DESCRIPTION
49
$5 1808 Capped Bust Half Eagle
SVC
GRADE
YOUR BID
PCGS
MS-62
$
The 1808 is more difficult to locate in Mint State than the 1807, 1809/8, and 1810 Large
Date, Large 5, and the 1812. The present coin is certified by PCGS as the Normal Date
variety. Collectors Universe published price is $21,000. Numismedia published value is
$20,310 for a Retail Value; $16,250 for a Wholesale value. PCGS population is 27 coins
with 27 finer. A fine specimen worthy of a strong bid! PCGS#05876070 (PCGS#8102).
50
$5 1835 Classic Head
PCGS
AU-55
$
A pretty jewel-like example. There is a boldly defined strike with strong hair curls and no softness on the eagle's feathers. Among Classic Head issues, the
1835 is scarcer in AU grades than the more heavily produced 1834 and 1836. Coin World has a published value of $2,500. Collectors Universe is $2,600.
PCGS#05876071 (PCGS#8173).
51
$5 1840-C Liberty Half Eagle
52
NGC
MS-64
$
The Finest Known. On October 23, 1997, this coin was sold by David Akers from the
John J. Pittman Collection for $77,000. It had not seen the light of day since it was purchased by Mr. Pittman out of the 1954 Palace Collection of King Farouk. Up to that
point, the highest graded seen was the James A. Stack, Ed Milas specimen - a NGC MS60 piece. Shortly thereafter, in 1998, this coin was certified by NGC as MS-64 and
offered for sale at $95,000. Douglas Winter, in his reference Gold Coins of the Charlotte
Mint, describes the 1840-C issue as the second rarest C-mint half eagle, a close runnerup to the 1842-C Small Date half eagle. Well worth 5-figures. Numismedia has a Retail
published value is $133,250; and $102,500 for a Wholesale published value.
NGC#289262-002. (PCGS#8196).
$5 1845-D Liberty Half Eagle
PCI
AU-55
$
An attractive example that should cross-over to either PCGS or NGC. Specialists’ estimates 150 to
160 survive in all grades out of an original mintage of 90,629 pieces. From this rather miniscule
survival rate, approximately 40 coins are believed to be in AU condition. Coin World has a published value of $5,500 in 55; Collectors Universe is $4,300. Numismedia publishes a $4,130 Retail
Value; $3,300 Wholesale. PCI#213298 001. (PCGS#8224).
53
$5 1857 Liberty Half Eagle
PCGS
MS-63
$
Formerly out of the Bob Bisanz U.S Type Set Collection, January 2001, and we quote out of the Heritage catalog “The 1857 has the lowest mintage (98,188
pieces) of any P-mint half eagle from the 1851-1857 eras. It is little wonder, therefore, that this issue is scarce to rare in all grades, particularly above the
Mint State threshold. This is a bright, satiny example with modest reflective tendencies in the fields. The color is a rich, reddish-gold shade and the devices
exhibits pinpoint striking definition throughout.” Coin World has a published value of $9,000; Collectors Universe is $9,000. Numismedia publishes an
$8,060 Retail Value; $6,200 Wholesale. CDN Quarterly is $6,500+ in MS63, but it should take more to acquire this fine specimen. PCGS population of 12
coins with 3 finer. PCGS#5510066. (PCGS#8271)
54
$5 1908 Indian Half Eagle
PCGS
MS-63
$
Above average for the grade! Coin World has a published value of $3,500; Collectors Universe is $2,600. Numismedia publishes a $3,310 Retail Value;
$2,650 Wholesale. CDN Monthly is $2,550. PCGS population of 853 coins. PCGS#21833825. (PCGS#8510)
55
$5 1908-D Indian Half Eagle
PCGS
MS-63
$
Rich orange surfaces on the obverse are complimented by a champagne gold reverse. Auction prices have just recently been as high as $3,220. Coin World
has a published value of $3,500; Collectors Universe is $2,600. Numismedia publishes a $3,500 Retail Value; $2,800 Wholesale. CDN Monthly is $2,570.
PCGS population of 1132 coins. PCGS#21833170. (PCGS#8511)
8
LOT#
DESCRIPTION
56
SVC
GRADE
YOUR BID
PCGS
MS-63
$
Housed on an old PCGS green label holder, and definitely PQ! Coin World has a published value
of $3,500 in 63 and $7,500 in 64; Collectors Universe is $2,600 in 63 and $5,850 in 64.
PCGS#4833329. (PCGS#8514).
57
PCGS
MS-63
$
Flashy and lustrous and like the last lot, housed on an old PCGS green label holder.
PCGS#4871887. (PCGS#8514).
58
PCGS
MS-63
$
Another PCGS MS-63 in an older holder with a green label insert. PCGS#4208626. (PCGS#8514).
59
PCGS
MS-63
$
A forth example certified by PCGS many years ago, as indicated by the green insert within the
holder. See lot 56 for relevant published prices. PCGS#4304546. (PCGS#8514).
60
PCGS
MS-62
$
A PQ very nearly Choice Brilliant Uncirculated example of a slightly better date Indian half eagle.
Worthy of a premium bid, especially since the next grade up is worth twice the price!
PCGS#4115778. (PCGS#8525).
61
NGC
MS-64
$
We have record of three MS-64 examples which have come to auction over the past five months of 2008. The average price realized is $5,846. Coin World
has a published value of $6,000; Collectors Universe is $5,850. Numismedia publishes a $6,250 Retail Value; $5,000. Wholesale. CDN Monthly is $4,890+.
NGC#1928966-007. (PCGS#8525).
9
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
62
$10 1899 Liberty Eagle
NGC
MS-64
$
A common date, but in a slightly uncommon condition. This example has rich surfaces with only
the slightest amount of surface friction. NGC#1580046-009. (PCGS#8742).
63
NGC
MS-64
$
Cover the grade, look at the coin, and you come up with a grade of MS-65! Compared to the last
lot also graded MS-64, there is really no comparison. This is a beautiful Gem. Coin World has a
published value of $3,500 in 64 but no value in 65; Collectors Universe is $2,550 in 64 and
$8,400 in 65. NGC#3046210-003. (PCGS#8747).
64
$10 1907 Wire Edge Indian Eagle
PCGS
MS-65
$
Outstanding quality for this very popular collector coin! We have record of two MS-65 examples which have come to auction over the past
five months of 2008; most recently, a NGC coin for $74,750. The surfaces reveal the typical brightness created by fine, swirling die polishing
marks. This piece is sharply defined and displays a slight overlay of reddish patina. Coin World has a published value of $85,000; Collectors
Universe is $90,000. PCGS Population is 43 coins; 18 finer -- 15 in 66; 3 in 67. PCGS#12243420. (PCGS#8850).
65
$20 1858-S Liberty Double Eagle
VF-EF
$
Curiously, according to Coin World’s Coin Values, while the price of spot gold has gone from $250 in 2001 to $850 today, an increase of nearly 3 ? times,
the price for a VF 1858-S $20 Liberty has gone from $1,050 to $1,300 (or 23%+). The opportunity to acquire cost has never been lower. (PCGS#8925).
66
$20 1873 Open 3 Liberty Double Eagle
Choice BU
$
The Type Two design was struck between 1866 and 1876 only, and is much scarcer in
Mint State than its Type Three successor, especially in Choice Mint State or better. The
1873 Open 3 is the most available of the Type Two issues, but is in demand for gold
type sets. The present coin comes to us as apart of a collection that has been off of the
market for decades, prior to the advent of certification. The state of preservation is definitely Choice BU, with claims to Very Choice or MS-64. The Collectors Universe published
price is $13,000 in 64 and $40,000 in 65. Worthy of close inspection! PCGS Population of
118 coins with 5 finer. (PCGS#8967).
67
$20 1873-CC Liberty Double Eagle
PCGS
AU-58
$
There were only 22,410 Double Eagles struck at the Carson City Mint in 1873, and all
were the Closed 3 date logotype. Despite substantial gold production from the
Comstock Lode, much of the newly mined gold went either to San Francisco or
Philadelphia, with little remaining in Nevada. Most of these coins were not widely collected, but were treated merely as convenient forms of bullion to be transported from
one bank to another. As a result, most survivors exist in poor quality. There present example is head and shoulders in quality above the rest. It has scattered contact marks over
generous amounts of mint luster. We would not be surprised to see this coin as a NGC MS61 one day. Coin World has a published value of $30,000 and $40,000 in MS-60, while
the Numismedia published price is $42,900 in that grade. PCGS#05876054. (PCGS#8968).
10
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
68
NGC
AU-58
$
A twin to the preceding lot. The present example exhibits blazing lustre despite a few
nicks and bagmarks on Liberty's cheek and the surrounding fields. The color is a pleasing yellow-gold with the usual orange hints. With a meager mintage of 22,410 pieces
there were not many saved, and like other early Carson City mint coinage, the 1873-CC
is all but unknown in full mint state grades. The present coin is a notable exception,
and no doubt our consignor had to search for years to locate a coin of this stature.
Examination of the reverse finds no faults; the frosty surfaces are pleasing with few
signs of handling and an absence of distracting marks. The rims are rounded and show
minor handling evidence, and this is typical for a Carson City Mint double eagle. The
collar must have been worn, as the sharp and defined edges seen on most of the
Philadelphia Mint coinage are lacking on these and San Francisco double eagles of this era. For the specialist, the present coin represents a
considerable opportunity that is not to be missed. Traces of an extra digit are seen in the dentils below the 73, likely the top of the 3 in
that area. Worthy of a serious bid. NGC#314090-002. (PCGS#8968).
69
ANACS
AU-55
$
Most gold coins encapsulated in circulated ANACS holders are usually described as “cleaned.”
This couldn’t be farther from the case with this coin. It is a full AU-55 with strong signs of a higher grade. Coin World has a published value of $2,400; Collectors Universe is $2,300. Numismedia
publishes a $2,930 Retail Value; $2,250 Wholesale. ANACS#2583067. (PCGS#9014).
70
PCGS
AU-58
$
This coin has absolutely splendid prooflike surfaces and some cameo contrast. We cannot see any
reason why this coin should not be considered “new” or uncirculated, perhaps MS-61. For this
reason, a strong bid, possibly twice that of an AU-58 value, will most certainly be required to capture this coin for your collection. Coin World has a published value of $3,000 in 58 and $4,000 in
60. Collectors Universe does not have a price, but shows $5,000 in 60 and $7,000 in MS-61.
PCGS#05876072. (PCGS#9014).
71
$20 1897-S Liberty Double Eagle
PCGS
MS-63
$
A high-end MS-63 $20 Liberty Double Eagle. We note the coin was certified by PCGS perhaps 10 years ago, as it appears in a holder with a green insert.
While not all coins certified a decade ago are candidates for upgrades, some tend to be. With a Coin World published value of $2000 in 63 and $4,000 in
64; a Coin Universe published value of $1,800 in 63 and $3,500 in 64, it easy to see how such a coin could attract bids of over $2,000.
PCGS#4854889. (PCGS#9032).
72
$20 1907 High Relief Double Eagle
ANACS
AU-53 details clnd
$
While it is not rare, the 1907 High Relief is highly sought-after by most collectors due to the size
and beauty of the issue. Most survivors remain in uncirculated condition, but a fair number escape
good care and become damaged or improperly cleaned. This is such an example. There are no distracting marks, just the bright finish one would expect from a lightly cleaned surface, not polished. All details are present, including the feather son the eagle. Liberty’s breast, being the highest part of the coin, is somewhat blunt. ANACS#40704826. (PCGS$9135).
73
$20 1922-S Saint-Gaudens Double Eagle
NGC
MS-63
$
All the details are clear and the strike is bold, especially around the circumference of the coin, the
rim and the stars. Upon close examination, this coin is PQ for the assigned grade. Coin World has
a published value of $5,000; Collectors Universe is $5,250. Numismedia publishes a $4,410 Retail
Value. The NGC Census shows 243 coins graded as MS-63 with 223 higher, mostly MS-64.
NGC#3024860-005. (PCGS#9174).
11
LOT#
DESCRIPTION
74
$20 1924 Saint-Gaudens Double Eagle
SVC
GRADE
YOUR BID
PCGS
MS-65
$
This stunning example looks like one of the Mint’s American Eagles…like it was minted yesterday.
It certainly is the most amazing “MS-65” graded coin we have ever encountered. In fact, we think
it has claims to a higher grade – a much higher grade! We note the average price for PCGS MS66 coins are $3,595 while the average auction price realized for NGC MS-66 coins are $2,683.
Coin World’s Coin Values has a published value of $2,000 for a MS-65 and $3,800 for a MS-66;
Collectors Universe is $1,950 with $3,450 as a MS-66. PCGS#11597869. (PCGS#9177).
75
$2.50 1830 Templeton Reid Quarter Eagle
NGC
MS-61
$
Condition Census. Ex. Archangel Collection. We quote the following superlative
research from that catalog: “Rarity estimates for this issue vary. Kagin called this Rarity6, with somewhere between 13 and 30 known. Many authorities estimate about 20
specimens in all grades, many of which are impounded in museums. PCGS has certified a
specimen of this issue on 11 different occasions, only once assigning a Mint State grade.
That piece, graded MS-60, is not appreciably better than this coin and shows a bold nick
on each side. Two others have been graded AU-55, one of which recently transacted privately in the $175,000 range. NGC has graded a specimen on three occasions, but it
seems unlikely that they represent different coins from those at PCGS or even among
themselves; the grades assigned were AU-55, MS-61, and MS-62 PL. Indeed, the MS-61
on the NGC census is prooflike (the Duke's Creek coin), and we suspect it was regraded MS-62 PL later. Garrett's was a pleasing VF. Two
examples are impounded in the Smithsonian, one from the Lilly bequest and another from the Mint Cabinet. Some known specimens are
repaired or damaged beyond the point of certifiability, i.e. the burnished VF Clifford coin, the mounted VF in the 1997 ANA Sale and the
badly tooled VF Eliasberg coin. A piece sold at Christie's in 1991 was described as having tooth marks. Previously from S.H. Chapman's sale
of the Charles Gregory Collection, June 1916, Lot 2283 (at $300); Henry Chapman's sale of the A.C. Nygren Collection, April 1924, Lot 20;
J.C. Morgenthau and Co. (Wayte Raymond and James Macallister's sale of "Selections from a Great American Collection" (i.e. Virgil Brand),
November 1933, Lot 236; Bowers and Ruddy's sale of the Stanislaw Herstel Collection, February 1974; Lot 803; Stack's sale of the
Lighthouse Collection, June 1978, Lot 677; Stack's sale of the Coles Collection, October 1983, Lot 193; Stacks sale of the Archangel
Collection, November 2006, lot 1059. NGC#1922251-001. (PCGS#10320).
76
G$1 C.Bechtler N:CAROLINA 30.G.STAR, RUTHERF: (R.4)
PCGS
AU-58
$
Ex. Henry H. Clifford; James Gray; AUCM Collections. This coin was used in the Red Book for many years. Since this coin is designated as 30 grains, it is generally believed the dies of this coin was created by Christopher Bechtler, Sr. prior to 1834 and most likely late 1831 or 1832. This is a splendid specimen of
this early gold dollar within the grade limit, very well struck on a high quality planchet, with needle sharp detail of lettering. Warm yellow gold typical of the
Bechtler enterprise, with some natural splashes of iridescent toning acquired over a long period of years. Defects are nonexistent, leaving only light wear to
determine the grade. Very attractive in every respect, certainly a "high end" example. PCGS#21507413. (PCGS#10064).
77
G$1 Bechtler CAROLINA 28:G:N Reversed RUTHERF: (R.4)
PCGS
AU-55
$
The “N Reversed” gold dollar struck privately by Bechtler is not a rare coin but a scarce coin. We
believe the N Reversed Gold Dollar was created by Christopher Bechtlers nephew and was used
between December 1834 and August of 1836 as $1,167,228 worth of gold came out of the
southern hills. The average price for AU graded examples over the past two years is approximately
$4,260, although some coins have realized higher amounts. Most recently, one coin did bring
$4,887, but it was an internet coin auction and the price realized, when considered alone, can not
be referred to as actual market value. A total of seventy-eight (78) coins have been certified by
PCGS: 40 in inferior grades; 20 in the present grade of AU-55; 18 coins graded finer. There are
fifty-six (50) coins recorded in the NGC Census: 6 in an inferior grade; 4 in the present grade of
AU-55; 40 coins graded finer. PCGS#10387278. (PCGS#10055).
12
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
78
G$1 A.Bechtler CAROLINA 27.G. 21.C.DOL: PE (K-24)
SEGS
AU-55 bent
$
This piece is struck by August Bechtler during the later period from 1837 to 1842. Like so many of
these coins that saw an unusually high rate of circulation because of the desirability of the
denomination, it is slightly bent and therefore damaged, as indicated on the SEGS holder. 10 years
ago, damaged Bechtler gold dollars fetched less than $1000 (approximately $600) at auction.
Today, there seems to be a renewed interest in these coins, as most sell for $1600 and up. These
are some of those auction records:
SVC
GRADE
DATE
AUCTION COMPANY
ANACS
50
7/13/2007
HERITAGE
LOT NO
3324
PRICE REALIZED
$1,610.00
2007 Summer F.U.N.
COLLECTION
ANACS
50
5/12/2007
HERITAGE
4445
$1,955.00
The Stecher Collection
ANACS
50
5/12/2007
HERITAGE
4444
$1,955.00
2007 St. Louis, MO (CSNS) Signature
NCS
50
1/7/2006
HERITAGE
6118
$1,840.00
Great Western Collection
The census numbers are irrelevant for this coin. PCGS has graded 324 coins in total, while NGC has seen 205. SEGS#528203146 (PCGS#10040).
79
$2.50 Bechtler, Georgia 64.G. Uneven 22ct RUTHERF: (K-11 R.7)
NGC
AU-58
$
This example was coined in a later series of Christopher Bechtler gold pieces, probably around the
same time as the Charlotte and Dahlonega Mints began operations. Deep patina mixes with milky
mauve hues, with darker encrustations about the lettering on this example. The strike and quality
of the planchet are both excellent. Most Bechtler pieces declare the bullion origin as Carolina or
North Carolina, but a few scarce $2.50 and $5 varieties, such as on this example, proclaim a
Georgian provenance. A total of twenty-two (22) coins have been certified by PCGS: 13 in inferior
grades; 4 in the present grade of AU-58; 2 coins in MS-60 and 3 coins in MS-61. There are sixteen
(16) coins recorded in the NGC Census: 4 in an inferior grade; 3 in the present grade of AU-58; 3
coins in MS-60; 3 coins in MS-61 and 3 coins in Nearly Choice MS-62. The 2009 Red Book value
of $15,000 in AU and $30,000 in Unc.
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
53
9/1/2007
PONTERIO
LOT NO
2221
$18,400.00
PRICE
COLLECTION
Public & Mail Bid Auction
NGC
62
8/12/2007
HERITAGE
2136
$43,125.00
Schechter Collection of Bechtler
NGC
58
11/7/2006
STACKS
1063
$18,400.00
The Archangel Collection
NGC
58
1/7/2006
HERITAGE
3664
$14,950.00
2006 F.U.N. Sale Orlando
Territorial Gold
80
$2.50 C.Bechtler NORTH CAROLINA 250 20.C.
above 75.G. RUTHERFORD in circle (R-7+)
PCGS
AU-58
$
A picture of this coin appears in the Red Book. We believe this was one of those coin
types struck as part of the second series in Bechtler coinage, mostly indicated by the
addition of 75.G. The general population probably required this kind of inscription so
Christopher Bechtler Sr. made design changes to the original die. This would have
occurred between October of 1831 and September 1832. Due to its limited run, this
quarter eagle denomination is quite rare among Bechtler gold. This specimen is exceptional in that it is well struck, possesses much lustre, and has outstanding eye appeal.
Relatively few come up to this level of quality. PCGS has graded only two finer than
this. Boldly struck inscriptions are seen on a high quality planchet. Prominent beads
around nearly the entire border, somewhat light only at the lower left of the denomination side. Excellent eye appeal. A far above average quality Bechtler gold coin, in keeping with the overall nature of this consignment.
Ex. Boyd, Brand Ryer; James A Stack Collections. K-8. PCGS Population 1 in 58; 2 finer. PCGS#21507416. (PCGS#10079).
13
LOT#
DESCRIPTION
81
$2.50 C.Bechtler NORTH CAROLINA 250. 20.C. Obverse;
75.G. below STAR Reverse (K-9, R.8)
SVC
GRADE
YOUR BID
PCGS
XF-40
$
An attractive and exceedingly important example of one of the great rarities in the
Bechtler series, one of only about a half dozen believed to be known. The obverse is
especially boldly struck. The color on both sides is gold intermingled with light magenta
toning. The reverse is somewhat light at the center, per the die and striking, but with
other aspects bold. This issue can be graded differently on each side, as, indeed, has
been done in the past. A small test cut or mark is seen on the obverse and reverse rim
and was factored by PCGS. We have been able to trace just six specimens, although others could exist. These are as follows (in chronological order):
1. The Norweb Collection coin, auctioned on November 15, 1988, as Lot 3344. Graded 40/20. Sold for $18,700.
2. Virgil Brand specimen formerly been in the DeWitt Smith Collection, appearing as Lot 1538 on June 19, 1984, Graded VF/VG, this piece
sold for $6,600.
3. The Dr. Conway Bolt specimen auctioned by Stack's on April 22, 1966, as Lot 1132.
4. The George Walton specimen, sold by Stacks on October 4, 1963, as Lot 2250, graded as EF.
5. The H.O. Granberg specimen, now in the National Numismatic Collection in the Smithsonian Institution, and permanently impounded.
This is the Guide Book of United States Coins plate coin. It later passed to Josiah K. Lilly, of Indianapolis, then to the Smithsonian.
6. The present specimen, acquired by Russell Augustin at the Charlotte, North Carolina ANA show, and hitherto unpublished. Presently part
of the #1 Bechtler Registry Set.
PCGS#13478334. (PCGS#10088).
82
$2.50 Bechtler CAROLINA 70.G: 20ct RUTHERF: (K-13, R.6)
NGC
AU-58
$
This rare issue was struck using South Carolina gold, most likely between the period of August
1834 and January 1837. The Bechtlers' coinage earned great respect during this period as the
coins were of the true weight and fineness stated, and the gold value was actually worth slightly
more than face value. This same coin appeared at auction twice over the past three years, once in
2005 and then again in 2007 (see yellow highlights). The 70 grain 20 carat $2.50 has a 2009 Red
Book value of $14,000 in AU and $29,000 in Unc.
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
55
8/12/2007
HERITAGE
LOT
2132
$17,250.00
PRICE
2007 A.N.A. Sale Milwaukee
COLLECTION
NGC
62
8/12/2007
HERITAGE
2133
$28,750.00
Schechter Collection of Bechtler Territorial
Gold
55
3/17/2007
HERITAGE
2448
$13,800.00
2007 ANA Charlotte National Money
Show Sale
NGC
58
1/6/2007
HERITAGE
3877
$13,800.00
NGC
61
11/7/2006
STACKS
1064
$26,450.00
NGC
58
2/26/2005
HERITAGE
9762
$13,800.00
The Beverly Hills Collection
NGC
62
8/15/2004
A.N.R.
1227
$28,750.00
Allison Park Collection
A total of thirteen (13) coins have been certified by PCGS: 9 in inferior grades; 2 in the present grade of AU-58 and 2 in Nearly Choice MS-62. There are
twelve (12) coins recorded in the NGC Census: 3 in an inferior grade; 3 in the present grade of AU-58; 2 coins in MS-61 and 4 coins in Nearly Choice MS62. NGC#1888487-002. (PCGS#10070).
14
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
83
$5 C:Bechtler CAROLINA 140.G. Distant 20.C.
AUGUST 1, 1834 RUTHERF: PE (K-19, R.6+)
NGC
AU-58
$
The “20 Distant” variety is a very rare coin, however, there is always some confusion with collectors attempting to identify the various designs and it is sometimes frustrating. Collectors therefore
do not generally collect the series. There is also considerable expense. Recently, the values for the
“20 Distant” variety show signs of becoming more commensurate with absolute rarity. A total of
twenty (20) coins have been certified by PCGS: 18 are in inferior grades and 2 in the present
grade of AU-58 – the finest certified. There are twelve (12) coins recorded in the NGC Census: 6
in an inferior grade; 5 in the present grade of AU-58 and 1 coin in uncirculated MS-61, possibly
the Finest Known. NGC#3018229-011. (PCGS#10115)
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
55
11/13/2007
STACKS
NGC
61
9/4/2007
NGC
61
8/12/2007
LOT NO
PRICE
COLLECTION
1186
$19,550.00
The Amherst & Waccabuc Collections
HERITAGE
13508
$35,937.50
Internet Coin Auction #27091
HERITAGE
2142
$27,600.00
Schechter Collection of Bechtler
Territorial Gold
PCGS
50
3/17/2007
HERITAGE
2452
$13,800.00
2007 ANA Charlotte Money Show Auction
PCGS
58
11/30/2006
HERITAGE
2891
$13,800.00
2006 November Dallas
PCGS
58
8/14/2006
HERITAGE
5749
$15,525.00
2006 A.N.A. Sale Denver
84
$5 C:Bechtler GEORGIA 128.G. 22ct AT RUTHERF:
with STAR (K-23, R.6+)
NCS
XF details
$
The 128 grain 22 carat gold half eagle is arguably one of the most readily available of the C.
Bechtler $5 varieties, at least according to frequency at auction. The present coin is damaged and
therefore not nearly as valuable as an example with normal wear. The auction prices above indicate the prices for both normal coins and damaged coins. NCS is one of two certification services
that encapsulate damaged coins. We note a NCS 50 example sold for $3,478 on January 4, 2007.
NCS#5025723-001. (PCGS#10109)
SVC
GRADE
DATE
AUCTION COMPANY
ANACS
30
5/12/2007
HERITAGE
4454
$4,887.50
2007 C.S.N.S. Signature Coin Auction
NCS
50
1/4/2007
HERITAGE
6783
$3,478.75
Twin Hollows Collection
PCGS
50
1/3/2007
HERITAGE
3878
$6,900.00
85
LOT NO
$5 C.Bechtler GEORGIA 128.G: :22ct AT RUTHERFORD.
With STAR, COLONS (K-21, R.8)
PRICE REALIZED
PCGS
COLLECTION
XF-45
$
The C. Bechtler 128 grain 22 carat $5 gold Half Eagle, known as the “Colon” variety
(since there is a colon after “G” for Grain) is extremely rare. Experts estimate perhaps 810 examples survive in all grades. According to our records, only six distinct examples
can be accounted for out of the twelve auction appearances for the variety since 1960.
A total of seven (7) coins have been certified by PCGS: This XF-45 condition example is
in the most inferior grade while 2 have been seen in AU-50; 2 in AU-55 and one coin in
the grade of AU-58 – the finest certified, and quite possibly the MS-61 in the NGC
Census. There are two (2) coins recorded in the NGC Census: 1 coin in the grade of AU55 and 1 coin in uncirculated MS-61, possibly the Finest Known. We know that one of
the PCGS AU-50’s is now in a PCGS AU-55 holder, possibly indicating that only seven
coins exist between the two services. PCGS#11718812. (PCGS#10106)
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
58
1/16/2008
STACKS
LOT NO
PCGS
45
9/1/2007
PONTERIO
2225
$48,300.00
55
1/4/2007
STACKS
1086
$32,200.00
The Orlando Sale
John Jay Pittman
9389
PRICE REALIZED
$115,000.00
30
10/23/1997
David Akers
1242
$26,400.00
PCGS
45
1/8/1994
BOWERS & MERENA
3633
Not Sold
PCGS
50
6/2/1992
SUPERIOR
3097
$17,600.00
15
COLLECTION
The Americana Sale
Lexington Collection
Adams, Morley, Pugh, & FTC
LOT#
DESCRIPTION
86
$5 C:Bechtler CAROLINA 134.G. 21.ct AT RUTHERF:
with STAR (K-20, R-4)
SVC
GRADE
YOUR BID
PCGS
AU-55
$
This coin is quite probably a representative example of the third phase of die cutting and coin design modification conducted by the Bechtlers. We suspect
the use of colons, as in the name on this coin, signified the engraver. A colon would therefore belong to Christopher the nephew. The use of colons like this
was in widespread use, and even occurs on the signature of Thomas Jefferson. This is a well struck and very attractive example. It is warmly toned yellow
gold with some iridescence. Lustre is still seen in protected areas. A highly pleasing piece that will nicely satisfy the need for a basic "type" coin reflecting
this popular denomination. PCGS Population: 10; 6 finer (MS-61 finest). PCGS#21507408. (PCGS#10097).
87
$5 A.Bechtler CAROLINA 134.G: 21.ct RUTHERFORD.
(K-27, R.5-)
NGC
AU-58 No STAR
$
The gold half eagles struck with the A. Bechtler inscription are much scarcer than those marked C.
Bechtler. Without any indication of date on the coin, we can only guess as to when the coins were
actually struck, but it is logical to presume Augustus Bechtler was responsible for striking coins
right alongside his father and cousin. The amount of gold coming in for assay, however, would
have been dwindling, as less came in from the hills and more of it found its way to the newly built
Dahlonega, Georgia and Charlotte, North Carolina United States branch mints. NGC#406784-013.
(PCGS#10046).
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
58
3/7/2008
HERITAGE
1818
$19,550.00
2008 A.N.A. Mid-Winter Sale Phoenix
PCGS
55
1/15/2008
STACKS
9392
$20,125.00
The Americana Sale
NGC
58
1/12/2008
HERITAGE
3431
$23,000.00
Reserve Lots for Sale List
NGC
60
1/12/2008
HERITAGE
3432
$25,875.00
Reserve Lots for Sale List
PCGS
58
5/12/2007
HERITAGE
2423
$16,100.00
2007 C.S.N.S. Sale St. Louis
NGC
58
1/7/2006
HERITAGE
3662
$9,775.00
88
LOT NO
PRICE REALIZED
$5 A.Bechtler CAROLINA 134.G: 21.ct RUTHERFORD.
No STAR (K-27, R.5-)
COLLECTION
PCGS
XF-45
$
PCGS
AU-58
$
Another example of the more rare A. Bechtler gold Half Eagles. PCGS#10706518. (PCGS#10046).
89
$5 1849 Oregon Half Eagle
The $5 coins struck in Oregon during 1849 are very rare. Oregon $5 pieces appear on
the market somewhat more frequently than the vaunted $10 Eagle, though several
years or more could pass between offerings, even longer for pieces of this caliber. The
average Oregon $5 is fairly well worn and features some kind of problem on the surface. Mint State pieces are essentially unheard of; PCGS has never graded any Oregon
piece as Mint State, while NGC has twice assigned low Mint State grades to an Oregon
$5, perhaps the same coin graded twice. Perhaps a few dozen exist in all grades, though
few have the visual appeal to rival this one. We show 107 auction appearances for the
issue in all grades since 1902.
The present example is the highest graded coin seen by PCGS. It has a much better strike than most all of the other examples seen and is
virtually blemish free. For value, we turn to the recent appearances at public auction of one coin in particular, a NGC AU-53. This coin first
sold in January of 2007 for $86,250, then sold again one year later for $83,375. It is presently on a Fixed Price List for $95,000 and has been
offered to Augustin Capital Management, LLC in the recent past at $92,500. The most recent published value for an AU coin is $95,000,
with no prices for Uncirculated. A total of twenty-four (24) coins have been certified by PCGS: 24 in an inferior grade; 2 in the present
grade of AU-58, none finer. There are seventeen (17) coins recorded in the NGC Census: 9 coins in inferior grades; 1 in the present grade of
AU-58; 1 coin graded MS-61 and 1 example in MS-62. PCGS#50142838. (PCGS#10288).
16
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
90
$5 1849 Norris Gregg Norris RE no period (R.5)
SEGS
AU-55 tooled clnd
$
An attractive coin for the grade that shows a well defined 5 in the shield on the eagle's breast.
The rich green-gold color of the coin has taken on a bit of natural reddish patina with the passage
of the years. There are no obvious abrasions; however, the reeding on the reverse is off-center by
a small margin. K-4 variety.
SEGS#535803146. (PCGS#10282).
SVC
GRADE
DATE
AUCTION COMPANY
NCS
40
1/4/2007
HERITAGE
6805
NCS
50
1/4/2007
HERITAGE
6806
$4,456.25
The Twin Hollows Collection
NCS
60
1/5/2006
HERITAGE
6144
$10,925.00
Great Western Collection Territorial Gold
NCS
40
7/30/2005
HERITAGE
7982
$5,175.00
91
LOT NO
$10 1849 Miner's Bank (K-1 R.6)
PRICE REALIZED
$4,600.00
NGC
COLLECTION
2007 January Orlando, FL
AU-58
$
A rare and historically noteworthy territorial issue, this gold $10 Miners Bank piece is the more
commonly seen variety struck on an orange-gold planchet with high copper content accounting
for the warm color. There are adequate amounts of mint frostiness remaining around the devices.
This luster also extends well into the fields.
Two different issues were produced, and they are distinctive for either brilliant orange-gold color
or attractive green-gold color. It is believed that the orange colored pieces (K-1) were die trials
produced in the east, while the green-colored pieces (K-2) were struck in native California gold. It
has been suggested that the K-1 coins were struck with a collar, after which the obverse and
reverse dies were transported to California, where the K-2 coins were struck without a collar.
These latter coins had the characteristic of weak lettering in CALIFORNIA, being struck on a constricted planchet.
Because official assays at the time rated these coins at 866 Fine (some even with copper alloy), valued at about $9.65, they became unpopular; brokers valued them at $8 apiece (San Francisco Daily Alta California, April 11, 1850, p. 2). This accounts for their short existence and hence, great rarity.
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
55
1/9/2008
HERITAGE
LOT NO
3449
PRICE REALIZED
$80,500.00
The Madison Collection
COLLECTION
NGC
63
11/7/2006
STACKS
1076
$230,000.00
PCGS
58
8/11/2006
A.N.R.
1127
$63,250.00
NGC
58
2/6/2006
GOLDBERG
1437
$57,500.00
2006 Pre-Long Beach Sale
PCGS
58
7/27/2005
HERITAGE
10460
$60,375.00
NGC#1774442-003. (PCGS#10236).
92
$5 1850 Baldwin Eagle
PCGS
AU-55
$
The market for most territorial gold accelerated from early in 2006 through the 4th quarter of
2007, where it reached a price level plateau for most of the more common issues. Baldwin
coinage, however, should not be considered common coinage. This 1850 Baldwin $5 in grade AU55 can be considered to be in the Condition Census. Three PCGS graded AU-55 coins have sold
over the past six years, most notably showing a 30% increase between 2005 and 2006, when
Tom purchased this example for $33,350. PCGS#40017526. (PCGS#10025).
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
55
5/30/2006
GOLDBERG
LOT NO
4243
$33,350.00
The Pre-Long Beach Auction
PCGS
55
11/8/2002
BOWERS & MERENA
3663
$27,600.00
Russell Logan & Gilbert Steinberg
.
55
5/20/1996
BOWERS & MERENA
352
$23,650.00
Louis Eliasberg, Sr.
17
PRICE REALIZED
COLLECTION
LOT#
DESCRIPTION
93
$10 1850 Baldwin "Horseman" Eagle
SVC
GRADE
YOUR BID
PCGS
AU-50
$
An exemplary specimen of this famous and distinctive issue, perhaps one of 20 or fewer known to
survive. Abundant lustre remains, richest in protected areas, over beautiful deep yellow gold surfaces. The toning is pleasing and natural in appearance, boasting some faint coppery highlights
and traces of reflectivity inside the letters, far nicer to behold than the even light yellow gold of a
coin which has been improved. Only light wear is seen, befitting the grade and the magnificent
design by Albrecht Kuner is boldly detailed. Scattered tiny contact marks from circulation are commensurate with the level of wear. A short diagonal scratch inside the rim under the horse's tail, a
short scratch between the bases of IA in CALIFORNIA, a dig under OL of DOLLARS, and a horizontal scrape above the horse's raised knee serve as identifiers that are visible under magnification
but insignificant to the naked eye. On the reverse, just a thin curved scratch behind the eagle's
head is noted.
The design makes this type among the most famous and avidly sought of all California gold pieces. The obverse was inspired by an 1831 print entitled
"Californians Throwing the Lasso," published in Narrative of a Voyage to the Pacific and Beering's Straight by F.W. Beechy after a watercolor by William
Smyth, one of the original adventurers. More on this image can be found in ANR's Numismatic Perspective #2, published in July 2003. The print, and
Kuner's fine imitation of it, shows the native dress of a vaquero or horseman in Spanish California, the original American cowboys and the etymological origin of the slang "buckaroo."
A total of 9 coins have been certified by PCGS: one in the present grade AU-50; one in AU-53; one in AU-55; three in MS-61; one in MS-62 and two in MS64. A total of seven coins are recorded in the NGC Census: one in the present grade AU-50; one in MS-62; two in MS-63; one in MS-64 and one in MS-65.
PCGS#09643202. (PCGS#10028).
SVC
GRADE
DATE
PCGS
50
11/1/2006
AUCM
PCGS
50
8/1/2006
A.N.R.
1129
$138,000.00
NGC
40
6/23/2000
BOWERS & MERENA
1043
$48,300.00
Paul S. Morey
94
AUCTION COMPANY
LOT NO
PRICE REALIZED
$169,000.00
$10 1851 Baldwin Eagle
NCS
COLLECTION
Private Sale
AU details
Tooled, clnd
$
After starting with such promise and high hopes, the reputation of Baldwin & Co. was quickly
dashed on the rocks of public opinion after the release in March 1851 of an unfavorable assay
report. This assay, which was conducted by U.S. Assayer Augustus Humbert, showed that the
firm's ten-dollar coins only averaged $9.74 in value (a 2.6% discount). The commercial interests in
San Francisco soon discounted the firm's coins by 5%, and later as much as 20%. After striking
between $1 and $2 million dollars worth of gold coins, George Baldwin left California for the East
Coast by way of Panama on April 15, 1851. His coins were extensively melted over the next several years and today they are very scarce. Tooled and improperly cleaned on both the obverse and
reverse. There is a die cud on the obverse at star 4. Well struck with bold details. NCS#5041853002. (PCGS#10031).
SVC
GRADE
DATE
AUCTION COMPANY
NGC
62
8/8/2007
HERITAGE
2122
$172,500.00
NCS
50
5/30/2007
GOLDBERG
1859
$19,550.00
The May Pre-Long Beach Auction
PCGS
55
8/11/2006
A.N.R.
1130
$92,000.00
The Old West & Franklinton Collections
95
LOT NO
$5 1850 Moffat (K-7 R.4)
PRICE REALIZED
SEGS
COLLECTION
XF-45
$
Moffat & Co. commenced the issue of gold ingots to supersede the circulation of gold dust in
June, 1849. Examples recorded and reported range in stamped value from $9.43 to nearly
$3,000.00, although the basic issue consisted of $16.00 pieces. Early in August of 1849, Moffat
& Co. began to issue ten-dollar gold coins from dies hurriedly cut the previous month by Albert
Kuner, a Bavarian, newly arrived in San Francisco. In the fall of 1849 five-dollar gold coins
appeared bearing the Moffat stamp. These were also struck from dies prepared by Albert Kuner.
The Moffat establishment was the largest, best known, and most highly regarded of all the
California coining firms. The original company formally dissolved in February, 1852, when Mr.
Moffat left the firm and a new co-partnership was formed, composed of Messrs. Curtis, Ward,
and Perry, to operate the United States Assay Office of Gold. This operation later became, after
sale to the federal government, the U. S. Branch Mint at San Francisco. SEGS#5335731464.
PCGS#10244).
18
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
96
$10 1852 Moffat Wide Date (K-9 R.6)
NGC
AU-53
$
In January of 1852, Moffat issued some $86,500 worth of $10 MOFFAT & CO. pieces between the
twelfth and twenty-seventh, in response to the lack of circulating small denomination gold with
the region. After Moffat sold his interest to Curtis, Perry, and Ward soon thereafter, they ceased
that operation and, on February 12, 1852, having finally received permission to strike $10 and
$20 coins for the U.S. Assay Office, they commenced a new issue of Assay Office coins, which
bore the inscription, "U.S. Assay Office.” The 1852 $10 Moffat & Co. coins were the last issued
by them. NGC#1931444-001. (PCGS#10251).
97
$20 1853 Moffat (K-19 R.5+)
PCGS
AU-53
$
This issue was produced by Curtis and Perry of the United States Assay Office, although retaining
the Moffat & Co. name. These pieces were produced from July to October 1853, and were issued
simultaneously with the Assay Office twenty dollar pieces. The last PCGS graded AU-53 to sell at
public auction occurred in April, 2006 when the example offered by Heritage as lot#4775 realized
$19,550. PCGS#10005885. (PCGS#10255).
98
$5 1851 Shultz
NCS
XF details
repaired
$
One of the great rarities among California territorial gold coins, and one of the most
challenging issues to locate in decent grade. Even light yellow gold surfaces with only
minor circulation marks. The fields and some devices show many very fine pin scratches,
likely from an attempt to smooth the surfaces. The most significant smoothing is located in the left obverse field, though without a glass the piece appears to be simply a
worn coin with some hairlines over both sides. The in-hand eye appeal is actually
decent, especially for a Schultz. It is telling that the Garrett Collection, amidst all the
high-grade rarities in its territorial gold section, included only a far more worn piece
graded VG-8. The Clifford Collection did not have a specimen in gold (though it did
contain a remarkable over struck pattern) and the piece in the Kagin Collection was last
sold in 2000 as a PCGS VF-20, realizing $36,800 at the time.
The tiny surviving population is probably due to the fineness of the gold contained, which was measured in 1851 as $4.94 worth of metal.
Thus, in the anti-Gresham's Law economy of Gold Rush-era California, the Schultz pieces became well worn—four of the ten specimens
graded by PCGS are in VF or lower grades and none are finer than AU-53. NGC has graded only two examples, one of which is now in a
MS-62 holder. Against this backdrop of rarity, the present nicely defined specimen is a very desirable property and will certainly improve
the vast majority of collections focusing on private and territorial gold issues. NCS#5038212-001. (PCGS#10316). Purchased as lot #1131
from The Old West & Franklinton Collections and we quoted the description here. Previously, the coin was from RARCOA's sale of the
Nathan M. Kauffman Collection, August 1978, Lot 51; Kagin's 1983 ANA Sale, August 1983, Lot 3645.
99
$50 1851 Humbert 880 Thous. LE (K-2 R.5)
NGC
AU-55
$
The $50 slugs, first produced in late winter 1851, were in circulation by March, and by
the summer of that year were plentiful. They served well in an economy in which commodities and services were expensive. Curators possibly saved occasional California gold
coins as they came in as part of normal deposits. It was not until later that they attracted the interest of collectors, by which time most pieces had all but disappeared. As to
how long the $50 "slugs" circulated in commerce is not known with certainty. The S.S.
Central America, which contained a shipment of gold that left San Francisco in August
1857, had a number of "slugs" in it, indicating that they were used by that time.
However, it is likely that within the next year or two most others had disappeared.
We note a recent auction price realized of $36,800 for a PCGS XF-40 on November 13, 2007. PCGS population of 6 coins. Worthy of a substantial bid. NGC#1807494-001. (PCGS#10196).
19
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
100
$10 1852 Humbert 884 Thous. (K-10)
NGC
AU-55
$
We note that a MS-62 example has increased in value over the past eight years (2000-2008) from
$6,325 to $33,350, indicating exactly how rare these high grade coins are and how serious collectors view the opportunity to acquire them. The 1852 Humbert $10 is one of the last gold issues
under the Humbert name; Moffat & Co. was reorganized later in 1852 to issue governmentblessed gold coins as the United States Assay Office of Gold. Census: 5 in 55, 14 finer, but these
may include the IINITED variety as well. NGC#655730-009. (PCGS#10187).
101
$10 1852 U.S. Assay (K-12a-1)
SEGS
AU-53
filed obv rim
$
The 1852 Humbert $10 is one of the five most frequently encountered Pioneer gold coins available on the market today. The present coin is described as “reverse rim filed” and is therefore a
damaged coin. There are many instances of damaged or improperly cared for coins appearing at
public auction. Most coins have the appearance of AU, but are described as being a net grade of
XF-40 or XF-45. An uncommonly bold striking with uniform yellow-gold surfaces that show glimmers of semi-reflective luster in the recesses. The more exposed obverse display typical abrasions
in the fields. While not an extensively circulated Gold Rush issue, most survivors do show a modest degree of wear. SEGS#508463146452. (PCGS#10000).
SVC
GRADE
DATE
AUCTION COMPANY
LOT NO
PRICE
COLLECTION
ANACS
50
4/19/2008
HERITAGE
3979
$2,990.00
2008 April Rosemont, IL (CSNS) Signature
ANACS
40
4/19/2008
HERITAGE
3978
$2,185.00
2008 April Rosemont, IL (CSNS) Signature
ANACS
53
1/8/2008
HERITAGE
22404
$3,593.75
Tuesday Internet Coin Auction
ANACS
53
11/30/2007
HERITAGE
62022
$3,220.00
2007 November Houston
102
$20 1853 Assay 900 (K-18 R.2)
PCGS
AU-50
$
The 1853 U.S. Assay $20 900 Thous variety is the most commonly encountered Pioneer gold coin.
This coin can be found in uncirculated condition without too much trouble, and Choice MS-63
pieces are usually encountered several times a year. Gem MS-65 coins can be elusive, as we can
only trace 11 appearances since 1974. In AU condition, the value of the 1853 Assay $20 will
range between $3,000 and $8,000, depending upon strike, surface quality and appearance. The
present example still retains much of original surface detail and is average for the grade.
PCGS#50080383. (PCGS#10013).
SVC
GRADE
DATE
AUCTION COMPANY
LOT NO
PRICE REALIZED
COLLECTION
60
2/1/2008
STACKS
1746
$6,325.00
The Rich Uhrich Collection
NGC
55
1/1/2008
STACKS
1157
$6,325.00
The Franklinton Collection Part 2
NGC
50
9/28/2007
HERITAGE
4150
$5,175.00
2007 September Long Beach
PCGS
50
7/13/2007
HERITAGE
3322
$5,463.00
The Vanek Collection
NGC
60
6/2/2007
HERITAGE
2824
$9,488.00
2007 May/June Long Beach
103
$5 1852 Wass Molitor Small Head (K-1, R.6)
PCGS
AU-55
$
The 1852 Wass Molitor Small Head $5 is a very rare coin. There is not as great a level of demand
for the piece as one would normally expect, however, primarily due to three factors. First, the
coin’s design is unimaginative and resembles the Liberty Half Eagles struck at the Philadelphia mint
at the time. Second, the strike is extremely crude with much of the details lost to the original
minting technique, and third, more recently, the treasure recovered from the wreck of the S.S.
Central America introduced many Wass Molitor $10 Eagles, effectively minimizing the rarity of
that particular issue, as well as and most undeserving, all of the rest of the Wass Molitor issues. A
total of ten (10) coins have been certified by PCGS: seven in inferior grades; the present coin AU55; one coin graded AU-58 and a sole MS-60 example. Only one (1) coin is recorded in the NGC
Census in an inferior VF grade. PCGS#10894581. (PCGS#10339).
20
LOT#
DESCRIPTION
104
$10 1852 Wass Molitor Small Head (K-3 R.7)
SVC
GRADE
PCGS
XF-40
YOUR BID
$
Ex. S.S. Central America. Light yellow gold surfaces on both sides. Some lightness of striking at
the centers, as always. Obverse from the curious die in which the last digit of the date, 2, was
inserted in modular fashion into a hole in the die, with perhaps an earlier date drilled out. This
characteristic, visible on all high grade coins of the variety, is one of the most curious in the territorial series. PCGS Population: 3; 3 finer (AU-53 finest). PCGS#7254.
105
$10 1852 Wass Molitor Large Head (K-4 R.5)
PCGS
XF-45
$
This variety is characterized by the short neck and pointed bust on Liberty and the wide, uneven
date. These coins are always interesting as the obverse die was cut too deeply, causing the reverse
to appear to be much weaker than the obverse. While most of the gold coins current in San
Francisco in 1857 were the twenties from the new mint, there were still significant numbers of private gold coins used in the channels of commerce. Many of these 1852 Wass Molitor $10 Eagles
were found in the recovery effort of the shipwreck the S.S.Central America, increasing the known
population significantly. A total of one-hundred one (101) coins have been certified by PCGS: 49
in inferior grades; 27 in the present grade of EF-45; 25 coins in a finer condition.
PCGS#10387276 (PCGS#10348).
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
50
8/6/2008
A.N.R.
1132
$8,625.00
The Old West & Franklinton Collections
NGC
55
8/8/2007
HERITAGE
2162
$12,075.00
PCGS
55
3/15/2007
HERITAGE
2466
$13,800.00
2007 A.N.A. Mid-Winter Sale Charlotte
PCGS
45
1/4/2007
HERITAGE
6807
$6,325.00
2007 F.U.N. Sale
106
LOT NO
$10 1855 Wass Molitor (K-6 R.4)
PRICE REALIZED
NGC
COLLECTION
AU-55
$
Medium yellow gold with some toning. There is some lightness of strike as always. Some handling
marks, again as always. Modular date, with last digit inserted on a plug, as with all genuine
pieces. The head on this coin is of the size also found on the related $10 coin by the same firm.
NGC Census: 4; 6 finer.
107
$20 1855 Wass Molitor Small Head (K-7 R.5+)
PCGS
XF-45
$
When the treasure of the S.S. Central America was located and recovered, examples of several territorial issues were found, and some issues that were previously believed to be rare are now more
available in the numismatic arena. Such was the case with the 1855 Wass, Molitor $10 gold piece,
previously recorded as a R.7 variety, but now considered to be R.5. At the same time, there were
no examples of this larger denomination $20 gold coin discovered, and current students of the
series actually consider this variety to be R.6, rather than High R.5 as recorded by Kagin. Despite
the appearance of three different examples in our January 2006 FUN sale, it is now believed that
less than 30 examples survive for this issue. A total of eighteen (18) coins have been certified by
PCGS: 8 in inferior grades; 5 in the present grade of EF-45; 1 coin in AU-50; 1 coin in AU-53; 2
coins in AU-55; and one coin in MS-61 condition. There are fifteen (15) coins recorded in the NGC
Census: 2 in an inferior grade; none in the present grade of EF-45; 2 coins in AU-53; 5 coins in AU-55; 3 coins in AU-58; one coin in MS-60; two coins in
MS-61 and one coin in MS-63 condition. PCGS#5445594. (PCGS#10357).
21
LOT#
DESCRIPTION
108
$50 1855 Wass Molitor (K-9 R.5)
GRADE
YOUR BID
PCGS
XF-40
$
The $50 gold coins of Wass, Molitor & Company join those of Augustus Humbert, and the U.S.
Assay Office of Gold as the largest denomination coins struck for circulation in California. But
while the coins of the latter two firms appear for a sale at auction with some regularity, issues of
Wass, Molitor & Company do not. When they do appear, they tend to be graded VF to EF, and
are often softly struck as discussed above. Recently, however, the surge in prices for Pioneer gold
has nudged some high grade coins into the marketplace. The present coin, while not perfect, has
much to offer in terms of sharpness, lustre, and general eye appeal regardless of the imperfections. The 1855 $50 Wass Molitor is a somewhat scarcer issue and always in demand.
PCGS#50038301. (PCGS#10363).
109
SVC
$20 1855 Kellogg
PCGS
AU-50
$
On January 14, 1854, a number of leading banking houses of San Francisco and Sacramento
addressed a petition to Kellogg & Richter imploring them to produce coins, in the period after
which the United States Assay Office of Gold had ceased operations and before the United States
Mint at San Francisco had begun. The merchants indicated their willingness to receive any coins
that would be produced. Kellogg & Richter jumped at the opportunity, and on February 9, 1854,
the first Kellogg $20 coin was issued. Toward the end of 1854 the firm of Kellogg & Richter was
dissolved and a new firm, Kellogg & Humbert, took its place, with Augustus Humbert, formerly
the United States assayer connected with Moffat, joining. This partnership continued until 1860,
although the last coins were struck in 1855. A total of seventy-one (71) coins have been certified
by PCGS: 41 in inferior grades; 10 in the present grade of AU-50; 8 coins in AU-53; 8 coins in AU55; 2 coins graded AU-58; 1 in MS-61 and 1 coin in MS-62 condition. There are fifty-six (56) coins
recorded in the NGC Census: 5 in an inferior grade; 5 coin in AU-50; 8 coins in AU-53; 12 coins in AU-55; 15 coins graded AU-58; 5 in MS-60; 4 in MS-61
and 2 coins in MS-62 condition. PCGS#10387274. (PCGS#10225).
110
$50 1855 Kellogg Restrike
BU
Gem
$
Struck on September 7, 2001, with an uncirculated mintage on that date of 100 pieces. The Uncirculated version of this restrike is much scarcer than the
proofs. The initials C.H.S. are seen on both the counter stamp and on the ribbon, and refer to the California Historical Society. Struck on gold alloy from
ingots recovered from the S.S. Central America. A seemingly pristine example, with exquisitely struck design elements. The certificate of authenticity, velvet
case, and presentation box of issue are included. The brochure is present along with the screwdriver.
111
$2.50 1849 Mormon Quarter Eagle (K-1 R.5+)
ANACS
AU-50 detail
damgd
$
It is thought that the pieces struck in December 1848 were dated 1849. The $10 coins were
designed by Brigham Young, John Mobourn Kay, and John Taylor. These early issues were called
"Valley Coin." Problems soon developed, however, and by December 22, 1848 the minting equipment was inoperable. Soon thereafter machinery and other items for coinage were ordered
through a Mormon Church agent operating in St. Louis. Dies were prepared for $2.50, $5, and
$20 pieces in addition to the earlier prepared $10 dies. The church mint commenced coinage on
September 12, 1849, and from that point through early 1851 about $75,000 face value in gold
coins was minted. On the newer issues, "Pure Gold" was represented by the initials PG, and for
Great Salt Lake City, the letters G.S.L.C. were added. In later years, all Mormon coins became
highly prized. ANACS#40704825. (PCGS#10259).
SVC
GRADE
DATE
AUCTION COMPANY
ANACS
50
9/1/2007
PONTERIO
2243
$23,000.00
PCGS
53
8/12/2007
HERITAGE
2155
$74,750.00
2007 Milwaukee, WI (ANA) Signature
NGC
53
4/29/2006
HERITAGE
4776
$40,250.00
PCGS
55
2/9/2006
HERITAGE
3769
NGC
55
1/7/2006
HERITAGE
3687
$34,500.00
PCGS
53
7/30/2005
HERITAGE
10461
$32,200.00
LOT NO
22
PRICE
COLLECTION
2006 April (CSNS) Signature
2006 February Long Beach Sale
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
112
$5 1849 Mormon Half Eagle (K-2 R.5)
NGC
AU-50
$
With an adequate impression and remarkably problem-free surfaces, this is a pleasing survivor of
the Mormon's first half eagle delivery. Despite light wear on the highpoints, the devices are amply
detailed save for the central features of the date. While we have not seen any AU-50 examples
come out into the public domain for sale, several others in both lower and higher grades have
done so. We note the most recent 40 graded coins have realized approximately $25,000, while
the higher graded AU-58 examples realized an average of $42,000 two years ago. AU-50 examples have a published value that is up 25% from last year. A total of one hundred and five (105)
coins have been certified by PCGS: 77 in an inferior grade; 8 in the present grade of AU-50; 6
coins in AU-53; 9 coins in AU-55; 4 in AU-58 and 1 coin graded MS-60. There are thirty-five (35)
coins recorded in the NGC Census: 11 in inferior grades; 3 in the present grade of AU-50; 3 coins
graded AU-53; 6 coins graded AU-55; 7 coins graded AU-58; 1 in MS-60 and 2 coins graded MS61. NGC#560755-002. (PCGS#10262).
113
$5 1850 Mormon Half Eagle (K-5 R.5+)
XF-40 clnd
$
This piece shows evidence of light cleaning decades ago although there is even light yellow gold
with good eye appeal and it is only trivially over-bright and nearly natural in appearance. Hairlines
are seen on both sides. The sharpness is excellent for the issue which, like the more numerous $5
pieces issued a year earlier, seems to have enjoyed lengthy circulation. Most examples seen are in
the VF range, though some sharper pieces also survive. The last time a similar example came to
auction was in March of 2001. There, an example described as “…AU Details, net EF-40 Tooled,
Cleaned.” Realized $15,525. A total of seventy (70) coins have been certified by PCGS: 19 in an
inferior grade; 8 in the present grade of XF-40; 13 coins in XF-45; 12 coins in AU-50; 3 coins in
AU-53; 12 coins in AU-55; 1 coin in AU-58 and 1 coin graded MS-61. There are thirty (30) coins
recorded in the NGC Census: 3 in inferior grades; 1 in the present grade of XF-40; 4 coins in XF45; 2 in the present grade of AU-50; 2 coins graded AU-53; 8 coins graded AU-55; 6 coins graded AU-58; 1 in MS-60 and 3 coins graded MS-61. SEGS#535802146523. (PCGS#10265).
114
SEGS
$5 1860 Mormon Half Eagle (K-6 R.5+)
NGC
MS-62
$
Records indicate that the 1860 coinage of the Deseret Assay Office was made from imported
Colorado gold and struck from dies made locally in Salt Lake City. The designs are evocative and
distinctive, and the popularity of this type is consistently strong. Very few survive in such nice condition as found here, with a typical piece apt to be EF or perhaps a low-end AU by today's standards, and the only two Mint State examples seen by PCGS graded MS-61 and MS-62. This coin is
one of the finest graded by either service. It is definitively inferior to the Archangel example sold in
November of 2006 for $109,250, since that coin exhibited much greater details on both surfaces
and in strike. It is, however, superior to the Klausen example which was originally sold as a PCGS
AU-58 then upgraded to an NGC MS-62. This coin appeared for sale at public auction five times
before it finally sold in February of 2006. Nevertheless, that record is nearly two years old and
demand for the top grade Pioneer gold coins has excelled. A total of thirty-eight (38) coins have
been certified by PCGS: 37 in an inferior grade and 1 coin graded MS-62. There are twenty-four (24) coins recorded in the NGC Census: 16 in inferior
grades; 6 in the present grade of MS-62 and 2 coins graded MS-63. NGC#1650348-004. (PCGS#10268).
SVC
GRADE
DATE
AUCTION COMPANY
COLLECTION
STATUS
NGC
62
11/7/2006
STACKS
1091
$109,250.00
Sold
58
9/1/2006
R. M. SMYTHE
1359
$69,288.00
Sterling Collection
Sold
62
2/6/2006
GOLDBERG
1442
$82,225.00
2006 Pre-Long Beach Sale
Sold
62
10/16/2003
STACKS
2297
$66,125.00
68th Anniversary
Sold
62
9/28/2002
HERITAGE
9029
$56,350.00
Estate of Jack Klausen
Sold
62
4/2/1976
STACKS
165
$8,500.00
Metropolitan NY, Cornell Univ.
Sold
62
8/14/1971
STACKS
2588
$1,300.00
1971 A.N.A. Sale Washington
Sold
NGC
LOT NO
23
PRICE REALIZED
LOT#
DESCRIPTION
SVC
GRADE
YOUR BID
115
$5 1860 Clark-Gruber (K-2 R.4)
NGC
MS-60
$
This is a pleasing example with adequate design details. The surfaces have pleasing greenish-gold
color with vibrant lilac and iridescent toning. A total of fifty-four (54) coins have been certified by
PCGS: 40 in inferior grades; 7 in the present grade of AU-58; none in MS-60; 4 coins in MS-61; 2
coins in MS-62; 1 coin in MS-63. There are forty-three (43) coins recorded in the NGC Census: 8
in an inferior grade; 17 in the present grade of AU-50; 2 coins in MS-60; 6 coins in MS-61; 6
coins in MS-62; 3 coins in MS-63 and 1 coin in MS-64 condition. NGC#1731133-006.
(PCGS#10136).
SVC
GRADE
DATE
AUCTION COMPANY
LOT NO
PRICE REALIZED
COLLECTION
PCGS
55
2/16/2008
HERITAGE
2848
$7,475.00
2008 February Long Beach
PCGS
55
9/1/2007
PONTERIO
2249
$8,050.00
NGC
58
1/6/2007
HERITAGE
6788
$5,462.50
The Jones Beach Collection
PCGS
55
6/21/2006
A.N.R.
2886
$6,900.00
Lake Michigan & Springdale Collections
NGC
58
3/4/2006
HERITAGE
2297
$7,189.80
2006 March Palm Beach
NGC
58
1/7/2006
HERITAGE
6129
$7,187.50
Great Western Collection of Territorial Gold
116
$10 1860 Clark Gruber 'Mountain'
NCS
Unc details clnd
$
The 1860 Clark Gruber “Mountain $10” as it is affectionately called is hugely popular with collectors due to the design. Due to this popularity, prices have been increasing over the past few years.
The Pike's Peak Ten Dollar piece was first struck in 1860 and a number were saved as novelties,
meaning that for a price, one can usually be found but they are far from common as other 19th
century issues were. This is a pleasing, well struck example that has a few small field marks on
each side with somewhat lackluster, lightly hairlined surfaces from an old cleaning. NCS#5042477006. (PCGS#10137).
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
61
1/12/2008
HERITAGE
LOT NO
3437
PRICE REALIZED
$57,500.00
The Madison Collection
COLLECTION
PCGS
53
9/1/2007
PONTERIO
2248
$32,775.00
Public & Mail Bid Auction Sale
NGC
60
1/3/2007
HERITAGE
3883
$33,350.00
2007 F.U.N. Sale
PCGS
61
8/13/2006
HERITAGE
5754
$51,750.00
The Carolina Gold Collection
NGC
60
8/13/2006
HERITAGE
5753
$32,200.00
2006 A.N.A. Sale Denver
PCGS
55
8/13/2006
HERITAGE
5752
$25,300.00
The Long Beach Family Collection
NCS
60
1/4/2006
HERITAGE
3672
$25,300.00
The Great Western Collection of
Territorial Gold
117
$2.50 1861 Clark Gruber (K-5 R.4)
NGC
AU-58
$
This is a pleasing example with adequate design details. The surfaces have pleasing greenish-gold
color with vibrant lilac and iridescent toning. NGC#1869313-012. (PCGS#10139). A total of
fifty-four (54) coins have been certified by PCGS: 40 in inferior grades; 7 in the present grade of
AU-58; none in MS-60; 4 coins in MS-61; 2 coins in MS-62; 1 coin in MS-63. There are
forty-three (43) coins recorded in the NGC Census: 8 in an inferior grade; 17 in the present
grade of AU-50; 2 coins in MS-60; 6 coins in MS-61; 6 coins in MS-62; 3 coins in MS-63 and
1 coin in MS-64 condition.
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
55
2/16/2008
HERITAGE
LOT NO
2848
$7,475.00
PRICE
2008 February Long Beach
COLLECTION
PCGS
55
9/1/2007
PONTERIO
2249
$8,050.00
PCGS
55
6/21/2006
A.N.R.
2886
$6,900.00
Lake Michigan & Springdale Collections
NGC
58
3/4/2006
HERITAGE
2297
$7,189.80
2006 March Palm Beach
NGC
58
1/7/2006
HERITAGE
6129
$7,187.50
Great Western Collection of Territorial Gold
2505
$6,612.50
Platinum Night
429
$8,533.00
Drew St. John Sale
NGC
58
11/3/2005
HERITAGE
PCGS
58
6/23/2005
A.N.R.
24
LOT#
DESCRIPTION
118
$10 1861 Clark Gruber
GRADE
YOUR BID
PCGS
AU-50
$
The 1861 Clark Gruber $10 is one of this most frequently encountered Pioneer gold coins today.
These coins were usually kept as souvenirs and are typically found in AU condition. Many are
weakly struck but the example in Tom’s collection is above-average for the grade assigned. Only
one example has sold publicly in AU-50 condition within a reasonable amount of time for $7763.
We also refer to the other appearances. AU-58’s average $14,200 while XF-45 coins tend to bring
$4,300. The last AU-55 brought $7,763 two years ago and we believe the market has increased
during that time. A total of one hundred seventeen (117) coins have been certified by PCGS: 59 in
inferior grades; 15 in the present grade of AU-50; 7 coins in AU-53; 20 coins in AU-55; 15 coins
in AU-58 and one coin in MS-61 condition. There are eighty (80) coins recorded in the NGC
Census: 10 in an inferior grade; 4 in the present grade of AU-50; 2 coins in AU-53; 21 coins in
AU-55; 29 coins in AU-58; 5 coins in MS-60; 4 coins in MS-61 and 5 examples in MS-62 condition. PCGS#10387275. (PCGS#10141).
119
SVC
$20 1861 Clark Gruber (K-8 R.5)
PCGS
XF-40
$
Of the greatest rarity and importance to collectors of territorial gold, this is the first 1861 twenty
we have offered in at least five years. Sharply struck in all areas, with some wear evident and
much of the original luster still remaining. The coin has some abrasions on the neck of Liberty and
in the adjacent fields. The surfaces have a rich reddish tint surrounding the devices and accenting
the basic green-gold color. A total of twenty-one (21) coins have been certified by PCGS: 2 in inferior grades; 5 in the present grade of XF-40; 4 coins in XF-45; 4 coins in AU-50; two coins in AU53; 3 coins in AU-55 and one coin graded AU-58. There are six (6) coins recorded in the NGC
Census: 1 in an inferior grade; 1 coin in XF-45; 2 coins in AU-55 and 2 coins graded AU-58.
PCGS#30012948. (PCGS#10142).
SVC
GRADE
DATE
AUCTION COMPANY
PCGS
53
8/14/2006
HERITAGE
5756
$71,875.00
The Wyoming Collection
PCGS
50
6/23/2000
BOWERS & MERENA
1070
$24,150.00
Paul S. Morey
PCGS
50
5/10/1998
BOWERS & MERENA
1606
$24,200.00
Montgomery
120
LOT NO
PRICE
COLLECTION
3 pc Set 1862 dated J.J. Conway Goldine
Restrike
$
One of 200 sets made in 1956 on dies in the State Historical Society of Colorado for the 50th anniversary of the opening of the Denver Mint. We note the
set sold out of the John J. Ford Collection, October 16, 2007, hammered down at $4,000.
121
50C 1859 BG-1003 Cal Frac Liberty Head Round
PCGS
MS-63
$
Rarity-6+. Bright, prooflike surfaces. AR in DOLLAR weakly struck. Tied with Tied with four other examples (including Jay Roe: 460) as finest of twelve examples graded by PCGS. Lee’s was a damaged AU-55. Maker: Frontier, Deviercy & Co. PCGS#11838206. (PCGS#10832).
122
25C 1872-BG-818 Washington Head, R.4
$
Ex. Lee & Shaffer Collection, Superior Galleries, September 25-27, 1988, Lot #1026. Insert included. Maker: Frontier & Belllemere. (PCGS#10679).
123
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Large Lot of California Fractional Gold (10pcs)
$
25C (No Date) BG-221. Rarity-3. Scratched. (PCGS#10406).
25C (No Date) BG-222. Rarity-2. Cleaned. (PCGS#10407).
25C (No Date) BG-224. Rarity-3. Cleaned. (PCGS#10409).
25C 1856 BG-230. Rarity-4-. Scratched reverse. (PCGS#10415).
50C 1854 BG-308. Rarity-4. Altered surfaces. (PCGS#10428).
G$1 1853 BG-519. Rarity-4-. Altered surfaces. (PCGS#10496).
25C 1870 BG-762. Rarity-4-. Obverse scratch. (PCGS#10589).
25C 1871 BG-765. Rarity-3. Scratched. (PCGS#10592).
25C 1875 BG-796. Rarity-5. Planchet flaw. (PCGS#10623).
25C 1869 BG-826. Rarity-4. Damaged. (PCGS#10687).
25
LOT#
DESCRIPTION
124
1.
2.
3.
4.
125
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
126
SVC
GRADE
YOUR BID
$
25C 1857 BG-1301. Rarity-3.
25C 1857 BG-1301. Rarity-3.
50C 1854 BG-1304. Rarity-4.
G$1 1863 BG-1307. Rarity-4-.
$
25C 1853 BG-102. Rarity-4-. Planchet flaw.
50C 1852 BG-401. Rarity-3. Cleaned.
50C 1853 BG-428. Rarity-3. Wavy planchet.
50C 1856 BG-434. Rarity-4-.
25C 1871-G BG-765. Rarity-3. Holed.
25C 1870 BG-808. Rarity-3. Polished.
25C 1872 BG-816. Rarity-6.
25C 1871-G BG-838. Rarity-2. Cleaned reverse.
25C 1871-G BG-839. Rarity-4-. Polished.
25C 1871-L BG-841. Rarity-4. Polished.
25C 1875 BG-847. Rarity-4. Planchet clip.
50C 1871-G BG-924. Rarity-3. Cleaned.
50C 1860 BG-1014. Rarity-4-. Polished.
50C 1870-G BG-1024. Rarity-4-. Cleaned.
G$1 1875 BG-1125(?). Rarity-4. Mount removed.
G$1 1875 BG-1127. Rarity-4. Holed.
$
1. 25C (No Date, c.1853) BG-207. Rarity-5+. Cleaned.
2. 50C 1876 BG-1038. Rarity-4. Obverse scratch.
127
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
128
$
25C 1856 BG-229. Rarity-4. Period 1, Liberty Head Round.
50C 1871-G BG-1027. Rarity-4. Period 2, Liberty Head Round.
G$1 1870-G BG-1203. Rarity-5-. Period 2, Liberty Head Round.
25C 1871-G BG-767. Rarity-3. Period 2, Liberty Head Octagonal.
50C 1853-FD BG-304. Rarity-5-. Period 1, Liberty Head Octagonal.
G$1 1853-N BG-530. Rarity-3. Period 1, Liberty Head Octagonal.
25C 1881 BG-887. Rarity-3. Period 2, Indian Head Round.
50C 1875 BG-1056. Rarity-4+. Period 2, Indian Head Round.
G$1 1872 BG-1207. Rarity-4. Period 2, Indian Head Round.
25C 1872/1 BG-790. Rarity-3. Period 2, Indian Head Octagonal.
50C 1875 BG-934. Rarity-4. Period 2, Indian Head Octagonal.
G$1 1875 BG-1112. Rarity-5+. Period 2, Indian Head Octagonal.
25C 1853 Token Cal Gold Indian Hd Wreath Rnd
NGC
MS-64
$
Gold tokens such as this one have only recently been actively pursued by collectors and dealers alike. This example shows nearly flawless surfaces. The
obverse shows the bust of an Indian in headdress with 13 stars around. The date 1853 appears below. The reverse has ? CALIF. GOLD surrounded by an
open wreath. NCG#3148095-004.
129
25C 1904 Token LA Purchase H-31-310 -10 Stars
NGC
MS-63
$
Struck for the 1904 Louisiana Purchase Exposition. Hendershott-31-310. 10 stars, with the star at 3 o'clock nearly lapped away, as made. Die cracks cross
portions of both sides. Auction prices realized are $300+. A prominently mirrored caramel-gold representative. NGC#3148095-006.
130
Escudo 1556-1580 Spain Philip II Sevilla
NGC
MS-61
$
Philip II was born in 1527 and he died in 1598. Philip II became king of Spain in January 1556. He governed Spain in her so-called "Golden Age". Coins like
this one were minted during this period of prosperity but disappeared quickly as his reign soon oversaw the economic decline of Spain, her bankruptcy and
a disastrous decade from 1588 to 1598 which included the disaster of the Spanish Armada. NGC #3074700-002.
26
LOT#
DESCRIPTION
SVC
GRADE
131
Escudo 1623-1659 Spain KM-68
NGC
F-15
YOUR BID
$
The first escudo was a gold coin introduced in 1566, with coins denominated in escudos issued until 1833. It was initially worth 16 reales. When different
reales were introduced, the escudo became worth 16 reales de plata in 1642, then 16 reales de plata fuerte or 40 reales de vellón from 1737. This coin was
struck under the rule of Philip IV (1621-1665) during the Habsburg Dynasty. NGC#3074701-001.
132
2 Escudo Spain Phillip II c.1556-1598 FR-168
NGC
MS-62
$
scratched
$
jewelry
$
This coin compliments lot #130. NGC#3074701-003.
133
4 Escudo Spain c.1665-1697
A coin from the reign of Charles II (1665-1700) during the Habsburg Dynasty. Some scratches appear on the surface.
134
8 Escudo Spain c.1634-1659 KM-112
This coin was struck under the rule of Philip IV (1621-1665) during the Habsburg Dynasty. It is fairly well centered, although it may have been cleaned at one time.
135
Coenwulf Penny Great Britain c.800-809 N-342, S-914
Clipped planchet
$
The obverse legend, "COENVVLF REX M," translates as "Coenwulf, King of the Mercians." Settled by Angles (probably from what is now Schleswig in
Germany) around AD 600, soon after the Romans left, Mercia stretched from the Thames on the south to the Humber on the north, and from the Welsh
marshes on the west to the Wash on the east. Mercia was Christianized in the 7th Century; in the 8th Century, under kings Aethelbald (716-57) and Offa
(757-96), it conquered East Anglia and Kent to become the dominant power within the "heptarchy" of the seven kingdoms of central England. Many scholars believe the original "Beowulf" poet lived in Mercia at this time. Coenwulf's reign began in December 796 upon the death of Offa's son, Ecgfrith, who
ruled just five months — leading to suspicion that Coenwulf, merely a distant relative, killed him to usurp the throne. In the confusion, Kent rebelled.
Coenwulf, with backing from the Church, invaded Kent in 798, deposed the king and installed his own brother, Cuthred, as king (798-807). Coenwulf's
death in 821 marked the end of Mercian supremacy. Its Saxon rival, Wessex, gained dominance. Excerpt from COINage Magazine, January 2006.
136
50K 1923//1949 Turkish Gold Paistres
NGC
MS-64
$
Since 1899 Turkey has issued some monaies de luxe. These were intended for presentation purposes or jewelry. They are issued at a slightly lower weight
than their normal counterpart denominations, but the same alloy fineness, and of larger diameter but thinner, and from more ornate dies. We will denote
these below by the abbreviation MDL. The actual fine gold content of this coin is believed to be 3.6083 troy ounces.
The weight is .1064. NGC #3074702-001.
137
Large Lot of Gold
$
1. 1967 7pc Canadian PR set in case
2. 1971 (2) rolls Canadian Cents (1 partially opened
3. $25 1972 Cayman Islands 1/2 oz Gold PR
4. $50 1973 Bahamas 1/2 oz Gold PR
5. 50 crown 1974 Turks & Caicos .145 troy oz Gold PR
6. 100 crown 1974 Turks & Caicos Gold PR
7. $100 1974 Fiji Commemorative 1/2 oz Gold PR
8. $100 1974 Bahamas .29 troy oz Gold PR
9. $100 1974 Bahamas 22kt 1/5th oz Gold PR
10. $100 1975 Balboa Panamanian Franklin Mint BU Gold coin
11. $100 1975 Barbados Franklin Mint Gold PR
12. $100 1975 Bermuda Franklin Mint Gold PR (900 fine .3oz)
13. $100 1975 Jamaica Franklin Mint Gold PR (6.21g 500 fine)
14. $1 1979 British Columbia silver Squamish medal
15. Presidential Medals 24kt gold (.16oz ea)
16. 14kt gold bezel
17. Sommer Island uniface token (cast counterfeit)
18. 8 Escudo brass (cast counterfeit)
138
Large Lot of Mexican Gold Restrikes
1.
2.
3.
4.
5.
6.
50 Peso 1947 Mexico. NGC MS-64 #3074702-002.
20 Peso Restrike 1959. NGC MS-64 #3074702-003.
10 Peso Restrike 1959. NGC residue. #3074702-007.
5 Peso Restrike 1955 Mexico. NGC MS-65. #3074702-004.
2.5 Peso Restrike 1945 Mexico. NGC MS-65. #3074702-005.
2 Peso Restrike 1945 Mexico. NGC MS-66. #3074702-006.
NGC
27
$
LOT#
DESCRIPTION
139
Large Lot of Gold
SVC
GRADE
YOUR BID
$
1. 1975 South African Krugerrand 1 oz.
2. 1903 British Sovereign (0.2354/oz).
140
Large Lot of Classic Head Gold Coins
$
1. $2.50 1837 NGC XF details. Improperly cleaned. NCS#5247132-001.
2. $5 1836 PCGS Altered Surfaces. PCGS#11838327.
141
Large Lot of Gold Dollars
$
1. 1853 Gold Dollar, NCS AU Details. Scratched, Improperly Clnd. NCS#5247132-007.
2. 1855 Gold Dollar, PCGS Rim Nick. PCGS#11838326.
3. 1857 Gold Dollar, NGC AU-55. NGC#3193451-002.
142
$3 1874 Three Dollar Gold
AU
$
143
$5 1880 Liberty Half Eagle
NGC
AU-58
$
144
$5 1901-S Liberty Half Eagle
NGC
MS-62
$
145
NGC
AU-55
$
146
NGC
MS-61
$
147
$10 1910-D Indian Eagle
NGC
AU-58
$
148
Large Lot of U.S. Modern Coins
1.
2.
3.
4.
5.
6.
7.
8.
9.
149
1.
2.
3.
4.
150
1.
2.
3.
4.
5.
6.
7.
8.
$
1982-S George Washington 50C Silver Proof
1992-S Columbus Quincentenary 50C Silver Proof
1993 W.W.II 50th Anniversary 50C Clad Proof
1986 Statue of Liberty 2pc Set Proof
1990-S Prestige Set Proof
1993-S Jefferson 250th Anniversary S$1 Proof
2000-S 10pc Proof Set
2007-W Silver American Eagle BU
1974 Michigan Medallion Commemorative Sterling Silver
Large Lot of U.S. Silver Coins
$
1895-O Morgan S$1 G-04
1943 Walking Liberty 50C VF-20
1964 Kennedy 50C BU
1951-D Franklin 50C (cast counterfeit)
Large Lot of U.S. Silver Coins
$
1809 Capped Bust Half Dollar
1810 Capped Bust Half Dollar, O-101 MS-62.
1811 Capped Bust Half Dollar, O-104a Large 8. VF-25.
1822 Capped Bust Half Dollar
1824/4 Capped Bust Half Dollar, O-109 VF-20.
1810 Capped Bust Half Dollar, O-101 MS-62.
1825 Capped Bust Half Dollar, O-101 VF-35.
1928 Peace Silver Dollar
28
LOT#
DESCRIPTION
151
1849 Bowie Half Eagle (K-1. Rarity-8)
SVC
GRADE
YOUR BID
PCGS
AU-50
$
The present piece is from the Stacks John J. Ford Sale II, where it appeared as Lot 361.
The original catalogue descriptions are cited below.
"133.4 gns. Kagin 1, Owens pp. 106-7, Breen 7771, Red Book, p.293, unknown to
Adams, Mehl, Green or Raymond. Medium yellow gold in color on both sides, with rich
coppery red overlying paler gold in the fields. There are traces of deep russet toning
around portions of the reverses rim. The fields show a myriad of tiny tics. Extremely
rare, one of only three 1849 Bowie $5 specimens known, including: this, the discovery
coin for the issue; the piece featured on the cover of the September, 1983 issue of The
Numismatist, later graded PCGS AU-55 and sold to a prominent western specialist; and a
recently discovered example, graded PCGS AU-58 and sold by us in our January 2001 Americana sale for $253,000.”
"The present example was found in 1956 in a Phoenix, Arizona antique shop and was bought by Mr. Ford on August 24 of that year for
$11,970, an extremely high price to pay for any coin at that time. Until 2001, the 1849 Bowie $5 had been missing from all the great collections of territorial gold coins ever assembled and sold at auction, including such notable auctions as the Gibson, Garrett, Clifford, and
Eliasberg sales."
It then again appeared in Bowers and Merena’s Denver A.N.A. Sale as lot 4054 and we have selected an excerpt from that catalog:
“As far as the physical description of this particular Bowie Five is concerned, we note that it is an attractive, original-looking coin with rich
color to both sides. On the obverse, mottled blushes of pale-copper iridescence overlay a base of khaki-gold color. The latter shade is dominant on the reverse, as well, but that side is peripherally toned in copper-tan hues through which, at direct light angles, one can see
undertones of vivid reddish-russet and golden-blue colors. Moderately abraded surfaces do not reveal any distractions that are out of context for a lightly circulated, privately issued gold coin from the California Gold Rush era. The devices are boldly defined from a well executed strike, and the coin offers a pleasing antique "look" that is commensurate with its historical affinity. For the advanced Territorial gold
specialist, our offering of this Bowie Five represents a bidding opportunity that may not be repeated for many years. Interested parties are
urged to enter strong bids and prepare for fierce competition when this important gold rarity crosses the auction block in Denver.” The
coin realized $333,500. Kagin plate coin.
Thank you for your participation!
29
A U G U S T I N CA P I TA L M A N AG E M E N T CO R P O R AT E P H I LO S O P H Y
1. Provide an understanding of the rare coin market. Unless a collector carefully plans and organizes his or her
contact with the complex world of coins and coin dealers, the developing and restructuring goals of the collection
may be misinterpreted. Obviously, the more desirable the coin, the more expensive that coin will be. Oftentimes collectors do not realize that it is more costly and in most instances, not necessary to inform several professionals to seek
the same coin. The wholesale level of the rare coin market is so intimate that when a desirable coin becomes available the final price paid will invariably be higher than if only one dealer was charged to locate the coin. If developing
and restructuring is not presented as an integrated, well-thought out program, some steps may be seen out of context and viewed adversely. A thoughtful collector relations program is a crucial part of the restructuring effort.
2. Assist in designing the aim and scope of the collection. We utilize a comprehensive, integrated research program that identifies trends in the rare coin market and correlates the values of rare coins to ensure greatest use of
allocated assets.
3. Develop a strategy to focus acquisitions in related, high potential areas of the market. Successful rare coin collectors have learned that by focusing their energy and resources on a limited number of types of rare coins the overall
performance of their rare coin portfolio is greatly enhanced. A rare coin collector adopting this approach reviews the
scope of his financial commitment and develops a strategy to afford the most desirable and highest quality rare coins.
4. Enhance the value of those existing rare coins within the collection more effectively by cost averaging and
divesting inferior examples. There is a strong correlation between rarity, condition, popularity and return on investment. In order to maximize the value of a rare coin collection, maximizing these fundamental aspects of coin acquisition is essential.
5. Manage the collection. We utilize a comprehensive, integrated research program that identifies trends in the rare
coin market and correlates the values of rare coins to ensure greatest use of allocated assets.
An excellent way to increase the value of a coin collection is to take full advantage of an opportunity to
upgrade or purchase a more aesthetically pleasing specimen. We assist our clientele with their goals not
only by finding those coins that are necessary to complete a collection, but also by subsidizing new purchases with the proceeds of the inferior example. We urge our clients to divest themselves of those coins
that do not fit within the direction of the collection.
Russell A. Augustin
President
Tammie Hauser
Senior Accounts Manager
(East Coast)
7380 Sand Lake Road, Suite 500
Orlando, FL 32819
(949) 606-6235 cellular
(407) 352-3966
(407) 351-1901 (fax)
[email protected]
(West Coast)
34145 Pacific Coast Highway #311
Dana Point, CA 92629
(949) 606-6236
[email protected]
www.numisbank.com

Sealed Bid Auction — May 2008

Transcription

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