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Gardner Collection Now Over $47 Million

May 18, 2015

     Part III of the Eugene H. Gardner Collection sale is now in the books with this portion realizing $13.78 million. That brings the total of the three sessions to over $47 million, and there is still one auction to come. However, this is not just any coin collection; it is one that was meticulously planned out over a long period of time. The previous sessions included a number of important rarities and this latest sale was no different.

     One of the obvious highlights was the 1838 O Reeded Edge Half Dollar from the Eliasberg Collection, certified by NGC as PR64. This coin also has the CAC approval and it realized $646,250.

1838 O Reeded Edge Half Dollar NGC PR64

1838 O Reeded Edge Half Dollar NGC PR64 sold for $646,250 in the Heritage Auctions Eugene H. Gardner Collection Part III U.S. Coins Signature Auction in New York, May 12, 2015

     Another featured highlight was the 1870 S Seated Dollar in PCGS XF40. This is one of three coins certified in this grade with only six graded higher, only one of which is in Mint State, a PCGS62. This XF40 sold for $505,250. Below are a few other highlights from this tremendous sale.

1814 Large Cent Plain 4PCGS MS67 BN CAC$158,625
1796 Draped Bust DimeNGC MS66 P/L$129,250
1841 Seated DimeNGC PR67+ CAC$205,625
1845 O Seated DimePCGS MS69$123,376
1828 Bust Quarter 25 over 50CNGC MS67* CAC$282,000
1873 CC Seated Quarter no ArrowsPCGS MS63$376,000
1796 Draped Bust Half 16 StarsPCGS MS64$329,000
1850 Seated HalfPCGS MS67 CAC$117,500
1873 CC Seated DollarNGC MS61$105,750

     This week’s Moderns Wholesale Market Dealer Price Guide shows lots of activity in the charts with Gold and Platinum. The metals have moved higher over the last few weeks and trading has increased as a result. With Gold currently at $1,227 per ounce, the common date MS69 $50 Gold Eagle has a Market value of $1,280. Platinum is now at $1,174 and common $100 coins are at $1,205.

     Ike Dollars showed some advances this past month with the 1971 D now up to $1,200 in MS67. Several of the Proof 70 dates have also been on the rise as buyers have been aggressively pursuing these perfect coins. The 1972 S Silver is higher at $1,850 Market in PR70 and the 1973 S Clad increased to $3,000. The 1976 S Clad TII and the 1978 S Clad also advanced in PR70. These are all very tough coins to acquire and Registry collectors are willing to spend the money when they are available.

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