Gardner IV Strong, Dealers Preparing to Descend on Baltimore

Last week’s auction of the Gardner Collection, Part Four sold by Heritage realized $5.88 million, selling just over 1,000 coins to conclude the dispersal of this monumental collection. Overall his was a strong result, and the four top lots by price were all quarter dollars, with the top two being Carson City mint issues. Leading the way at a hammer price of $79,315 was the PCGS/CAC AU55 1871-CC quarter. The 1873-CC with arrows quarter — also graded PCGS AU55 — tied for second place at $76,375 with a stellar 1820 Medium 0 quarter, graded PCGS/CAC MS66. Fourth highest result was an NGC graded PR65 1850 quarter. Rounding out the top five was an 1803 Draped Bust dime in AU58 at $56,400. Another very interesting result was the $7,050 laid out for an 1851 three cent silver graded MS64 Prooflike by NGC. While an “everyday” MS64 1851 has a CDN bid of $370, the existence and mintage of proofs of this first year of issue date have long been disputed. This was only the fourth auction appearance of this coin since 1886. When it was sold in 1980 as part of the Garrett Collection it was cataloged as “choice Proof,” although the current catalogers did not specify this finish. Overall, 157 coins sold in the five figure range, a relatively healthy showing for the industry.

Dealers Prepare for Fall Baltimore Expo
The largest coin show of the Fall season kicks off Thursday, November 5 in Baltimore, MD. The mood of the industry has been steadily improving these past 3-4 weeks and the dealers we’ve talked to are enthusiastic about the upcoming show. Stack’s Bowers Galleries is holding a live auction in conjunction with the show, as well.

New Walker Prices Added in AU58, MS66 & MS67
The major addition this week can be found on Page 8, where we have added coverage of Walking Liberty halves in three additional grades: AU58, MS66, and MS67. Pricing for these issues was one of the biggest requests we’ve received since taking over publication in August. Many of the early dates trade frequently in AU58, and there are many dealers and collectors who buy and sell these coins at the MS66 and MS67 grade level. In order to create the space to add these prices, we have eliminated the “Ask” column for this section – necessary to make room for more pricing. We have also continued our thorough analysis of the Morgan dollar series, focusing this week on the issues of the early 1880s. We’ve noted some recent price activities in Mercury dimes as well, with most of the action in MS65 and MS65 FB.