Bluesheet: BIDDING ACTIVITY CONTINUES TO SOLIDIFY BLUESHEET VALUES
This week’s pricing updates include a thorough revision for Morgan dollars. Mint state, proof like, and deep mirror proof like all have updates. This series has extensive support from sight unseen bidders, and bids have been adjusted where necessary to reflect these bid levels. Classic commems, gold type, and Saint-Gaudens also have updates this week.
It should be noted, specifically with regards to gold type coins, we now report three different price levels: Greysheet CAC, Greysheet non-CAC, and Bluesheet. Readers should be aware of all three levels and interpret them when dealing in generic certified gold.
LEGEND RINGS UP SALE IN LAS VEGAS
The Legend Rare Coin Auctions Regency XVIII sale took place last week in Las Vegas as part of the PCGS Member’s Only show. The offering of more than 500 lots featured toned Morgan dollars, choice gold coinage, and better date 20th century type. The two top lots were early type coins, both from the collection of Phil Flannagan. Leading off was a 1795 half dollar, graded PCGS/CAC MS63 with attractive russet and navy blue toning, which sold for $176,250. In second place, also from the Flannagan collection was a 1795 Draped Bust dollar, Centered Bust variety, graded PCGS/CAC MS63 at $123,375. Both coins are great examples of long term collecting. The half dollar was purchased in 1992 and although the catalog description does not mention when the dollar was purchased, it was last at auction in 1977. Holding these choice coins in a collection off the market, not messed with, has clearly paid off for its owner.
Among the large contingent of Morgan dollars, the top lot was an 1896-S graded PCGS/CAC MS66 Proof Like which brought $111,625. The Northern Lights collection of color toned Morgans consisted of 19 coins and realized a strong $109,393. The top lot was a proof 1881 graded PR67+ by PCGS with a CAC sticker, which crossed the auction block for $21,738. The top price paid for a toned Morgan, however, was not for a coin in a named collection. Lot 52 was an 1881-S graded PCGS/CAC MS68 with vertical strip of rainbow colors that sold for an impressive $25,850.
The highest price realized for a gold coin in the Regency sale was an amazing 1901 Liberty head quarter eagle graded PR69 Deep Cameo by PCGS. A grade usually reserved for modern coins, this masterpiece sold for $105,750. In second place for gold coinage was an 1870 $3 gold piece graded PCGS/CAC MS65+, the finest known for the date, at $67,563.