Legend & Scotsman Deliver Solid Results
The Regency XIV auction conducted by Legend Rare Coin Auctions (http://www.legendauctions.com) in Las Vegas last week netted nearly $5 million, while setting numerous price records for numerous dates of Morgan dollars. Top-lot honors went to the MS66 1901 dollar which brought $587,500. Other significant Morgan dollar prices include: the 1894 MS66+ at $152,750, the MS66/CAC 1897-O at $108,700, the 1902-S MS67+/CAC at $99,875, and a seemingly previously underrated 1899-S in MS67+/CAC at $49,950, well above the high estimate.
Beyond Morgans, the rarely seen 1919-D Walking Liberty half dollar in Gem realized a really strong $205,625, and a visually impressive $50 gold Pan-Pac Round hammered in at $205,625. Trading at the PCGS Member’s Only show was reported as light to moderate. With the exception of premium quality specimens, it remains a buyer’s market.
Scotsman Auction Company’s (https://www.scoins.com/) sale held in St. Charles, Missouri brought $868,389 from a variety of lots of U.S. paper money, world coinage, and U.S coins. Leading the sale were a pair of territorial gold coins: an 1852 $50 United States Assay Office slug in AU55 at $49,450 and an 1853 $10 from the same issuer graded MS61/CAC at $28,750. Splitting these two lots came the MS61 1889-CC Morgan dollar which brought $25,015. Another noteworthy coin from this sale is an 1893-O Morgan dollar certified MS64 at $13,515.
Upcoming: Gardner Sale & Baltimore Show
Next week features Heritage’s (http://www.ha.com/) offering of the Eugene H. Gardner Collection, Part IV. This sale of just over 1,000 lots takes place in New York City on Wednesday, October 28th. Quarters are the most numerous of the denominations, which range from half cents to quarter eagles, and one of the many highlights is an AU55 1873-CC with Arrows Liberty Seated Quarter, amazingly a duplicate date from the collection, and third finest known. Earlier this year, in May, Gardner’s MS64 1873-CC quarter brought $176,250. Additional lots that should see spirited bidding include an MS67 1820 Capped Bust dime, Small 0, an 1854-O quarter graded MS66, an 1871-CC half dollar in MS62, a PR62 1842 Liberty Seated dollar, and an MS64+/CAC 1911-D Indian quarter eagle. All told, examples of most every date of Liberty Seated and Barber coin series will cross the block.
It is not too early to mention the upcoming Whitman Baltimore Expo (http://expo.whitman.com/) beginning on November 5th. Stacks Bowers (http://www.stacksbowers.com) will be conducting auction sales of U.S. coinage, U.S. currency, and world coins and paper money. We will cover these sales in detail in the upcoming weeks.