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NumisMedia Monthly
February 2016
Rarities Abound in Pogue Sale Part III
As a result of the two previous fabulous sales presented by Stack's Bowers Galleries and Sotheby's in New York, it has already been established that the quality and rarity of the coins in the D. Brent Pogue collection are unprecedented. The upcoming portion of these phenomenal sales will continue to reinforce this impression. With some of the top rarities in the history of U.S. Coinage being offered at auction, with the support of the single greatest historian in numismatic lore, Q. David Bowers, this will be known as one of the paramount auctions of all-time, if not the ultimate. Part III of the D. Brent Pogue Collection Sale will take place February 9th and will again be restricted in quantity, but not quality, with just 158 lots available. So far, these sales have seen a total realized of $51 million.
In the middle of this sale the collector connoisseur will find a complete set of circulation strike $3 Gold, missing only the unobtainable 1870 S which is unique and is housed in the Harry W. Bass Collection. However, 'circulation' is a bit misleading as the majority of these coins are the finest known; most are Gems or better. It even includes two Proof-only issues, 1875 and 1876, and a Close 3 1873 Proof, another rarity that will be on the specialists radar. Below is a partial list of some of the favorite rarities available in the $3 series; it is by no means intended to be the main highlights of this important sale. We also included the population for the grade according to PCGS and NGC combined. An important note about the coins listed below: these are all the finest known for the date.
1873 $3 Gold Close 3 MS64 PCGS is available at the D. Brent Pogue Collection Part III sale hosted by Stack's Bowers Galleries and Sotheby's in New York, February 9, 2016
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| Date | Grade | Population | Current FMV |
| 1854 D | PCGS MS62 | 2 | $185,250 |
| 1856 S | PCGS MS64 | 4 | $50,380 |
| 1857 S | PCGS MS64 | 1 | N/A |
| 1858 | PCGS MS65 | 1 | N/A |
| 1860 | PCGS MS67+ | 1 | $116,780 |
| 1863 | PCGS MS68 | 3 | $131,250 |
| 1864 | PCGS MS67 | 1 | N/A |
| 1871 | PCGS MS67 | 1 | N/A |
| 1872 | PCGS MS65+ | 1 | $47,930 |
| 1873 Close 3 | PCGS MS64 | 2 | $86,450 |
| 1877 | PCGS MS64+ | 1 | $81,250 |
| 1881 | PCGS MS66+ | 1 | N/A |
| 1883 | PCGS MS66+ | 1 | $60,750 |
What makes the $3 Gold series so important is the fact that the number of coins available throughout is quite limited. The original mintages indicate only three common dates, 1854, 1874, and 1878. The rest of the dates become more difficult to acquire as the grades increase and the populations dwindle. It is a relatively long series, 1854 to 1889, so it can be a challenge to complete the set. However, many of the dates, including some of the better dates, are fairly easy to acquire depending on the grade and many are at reasonable levels compared to the common dates; and more importantly, in today's market, there appear to be more sellers willing to move inventory.
The Part III Pogue Sale is most definitely not limited to just the $3 Gold series. It also includes the Capped Bust $5 Gold from 1807 through 1820 with multiple lots of some dates. While some of these dates have substantial original mintages, most are quite rare and in strong demand in the upper grades of Mint State. This series begins with the 1807 Bust Left in PCGS MS67+; it is the only one known in this ultimate grade, although there is another MS67 in this sale without the plus designation. At this time there is no FMV for this high grade.
1807 $5 Gold Capped Bust Left PCGS MS67+ is available at the D. Brent Pogue Collection Part III sale hosted by Stack's Bowers Galleries and Sotheby's in New York, February 9, 2016
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The 1810 Small Date, Small 5 is quite rare in Mint State with just three coins total in MS62 and none higher. This offering is the only one certified by PCGS and has a $175,000 FMV. The 1810 Large Date, Small 5 is even rarer than the Small Date. There are only two confirmed coins, in private hands, so this is nearly a unique opportunity to own this rarity. This one is certified VF25 by PCGS and has a current FMV of $18,500 in VF20; it most certainly should exceed this value by a substantial amount. Of the two 1812 coins within this sale, the former Norman Stack coin, is certified as the finest known in PCGS as MS66+; the FMV for this grade is $218,750.
When it comes to rarity the 1815 has few peers especially within the early $5 series. There were only 635 minted and today there are but six coins held in private collections. This is by far the best coin available with a certification of PCGS MS65; the current FMV is $585,000 but speculation is that this coin will bring a world record.
While Gold attracts much of the glamour, early type coins garner the attention of traditionalists. The lead-off coin in this magnificent sale is a 1793 Liberty Cap Half Cent in PCGS MS65 Brown; the current FMV is $206,250. There are only 40 coins certified in all Mint State grades with just two listed in MS66 by PCGS. The 1794 Half Cent is as spectacular as one could expect, graded PCGS MS67 and is Red & Brown. It is the single finest known for the date. Another superb coin is the 1796 No Pole Half Cent in PCGS MS67 Red & Brown; this is the highest graded and is one of only four total in Mint State.
1793 Liberty Cap Half Cent in PCGS MS65 Brown is available at the D. Brent Pogue Collection Part III sale hosted by Stack's Bowers Galleries and Sotheby's in New York, February 9, 2016
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When it comes to Large Cents the 1793 Flowing Hair Chain Cent always grabs the spotlight. In this sale the top coin listed is the AMERICA No Periods in PCGS MS65 Red & Brown. This is another finest known and sure to be the centerpiece of another future famous collection. Another coin that a buyer will be proud to call his own is the 1793 Wreath Cent Vine & Bars in PCGS MS67 Red & Brown. This is the single finest certified and highest Red & Brown coin for the date; there are none listed in Red.
1793 Wreath Cent Vine & Bars in PCGS MS67 Red & Brown is available at the D. Brent Pogue Collection Part III sale hosted by Stack's Bowers Galleries and Sotheby's in New York, February 9, 2016
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Not to be outdone there are numerous excellent Bust Dimes and Halves. Every color of the rainbow emphasizes the original nature of these wonderful rarities. Many of these are the highest grades available. Below are just a few of the many potential highlights of these two series.
1833 Capped Bust Dime PR66 PCGS is available at the D. Brent Pogue Collection Part III sale hosted by Stack's Bowers Galleries and Sotheby's in New York, February 9, 2016
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| Date/Denomination | Grade | Current FMV |
| 1822 Capped Bust Dime | PCGS MS66 | $93,130 |
| 1825 Capped Bust Dime | PCGS PR66 | $58,130 |
| 1830/29 Capped Bust Dime | PCGS MS67 | $43,130 |
| 1831 Capped Bust Dime | PCGS MS68 | N/A |
| 1833 Capped Bust Dime | PCGS PR66 | $120,630 |
| 1823 Bust Half Broken 3 | PCGS MS65+ | $24,060 |
| 1823 Bust Half Patched 3 | PCGS MS65+ | $18,440 |
| 1827/6 Bust Half | PCGS MS66 | $20,940 |
| 1827 Bust Half | PCGS PR67 | N/A |
| 1829/7 Bust Half | PCGS MS66 | $25,680 |
| 1832 Bust Half | PCGS MS67 | $36,880 |
| 1836 Bust Half | PCGS PR66+ | N/A |
Once again, this auction is going to rewrite the pricing structure for a number of these rarities. Many of the coins in this sale have no FMV listed because they have not been offered in the marketplace for decades. For a complete list of the coins in Pogue Part III, please check the Stack's Bowers Galleries website.
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