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1793 Chain Cent Realizes $2.35 Million

January 12, 2015

     The FUN Show attracted thousands of dealers and collectors this past week, but it was the Heritage Auctions FUN Sale that rocked the coin market. There were seven lots that brought over $1,000,000 each with another three that realized at least $800,000. With this many million dollar coins it is quite difficult to pick a single highlight of the sale.

     The 1793 Chain Cent, America, Periods in PCGS MS66 Brown with the CAC sticker commanded $2,350,000. It has been off the market since its last sale in 1992, but it was also its first appearance in an auction since 1890. It has changed hands several times throughout the years and was a major part of the famous collections of Parmelee, Brand, and Naftzger.

1793 Chain Cent AMERICA MS66 Brown PCGS CAC

1793 Chain Cent AMERICA MS66 Brown PCGS CAC sold for $2,350,000 in the Heritage Auctions FUN Show U.S. Coins Signature Auction in Orlando, Florida, January 7-12, 2015

     There were over ten Continental Dollars that sold for over $100,000 each with two different lots bringing $1,527,500. The first was the 1776 Continental Dollar, CURENCY, Silver in NGC XF40 and the second was the 1776 Continental Dollar, CURRENCY, Silver in NGC MS62. These are extremely rare as they represent two of only four known minted in Silver. These coins were part of the Patrick Collection Part I which realized an overwhelming $25.93 million.

     The top seller in the Patrick Collection was the 1792 Birch Cent in NGC MS65* RB which also had the CAC sticker. This lot brought $2,585,000 and is definitely the finest known. Below we have listed some of the many other highlights from this Heritage Auctions FUN Sale. For a complete list of prices realized including the Patrick Collection, please contact Heritage Auctions.

1864 Indian Cent L on RibbonPCGS PR65 RB CAC$111,625
1880 Shield NickelPCGS MS66$117,500
1827/3 Bust Quarter OriginalPCGS PR63$188,000
1842 Seated Quarter Small DateNGC PR66$164,500
1916 Standing Liberty QuarterPCGS MS67 FH$146,875
1806 Bust Half Pointed 6, StemsPCGS MS65+ CAC$117,500
1870 S Seated DollarNGC XF40$470,000
1884 S Morgan DollarPCGS MS64 CAC$123,375
1796 $2 ½ Gold StarsNGC AU58$102,813
1795 $5 Gold Small EagleNGC MS66*$587,500
1821 $5 GoldPCGS MS63+$352,500
1826 $5 GoldPCGS MS66 CAC$564,000
1795 $10 Gold 9 LeavesNGC AU58$205,625
1884 $20 GoldPCGS PR65+ DCam CAC$246,750
1907 $20 Gold Ultra High ReliefPCGS PR68$2,115,000
1913 $20 Saint GaudensNGC PR67$129,250
1915 S $50 Gold Pan-Pac Oct.NGC MS67$258,500

     With Gold progressing over the $1,220 mark last week, the Moderns Wholesale Market Dealer Price Guide is covered with advances in Eagles and other bullion related charts. Gold Eagles in MS69 are at $1,255 wholesale and maybe even a little more today with Gold up to $1,230 this morning. Dealers are hopeful that metals will continue to improve because it creates a more positive overall coin market.

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