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Auctions Preserving Market Interest

November 2, 2015

     Major auctions continue to lead the way for rarities, establishing new values for some very special coins. This past week Heritage Auctions hosted two sales in New York. First was the final portion of the Gardner Collection, Part IV, which realized $5,883,789, bringing the total of the four sales to well over $52 million. Next, Heritage offered one of their very extensive Signature Sales which bought another $11 million of total of prices realized. The grand total for the two sales was nearly $17 million. With so much going on the block, highlights could be found everywhere.

     Two of the more important coins in the Gardner Sale were Carson City Quarters. Keep in mind that this sale was made of duplicates and upgrades (coins that were left over after Mr. Gardner acquired higher grades), so expectations were not as high as the first three installments. The 1871 CC Seated Quarter in PCGS AU55 sold for $79,313. This is the highest certified AU coin and is also CAC approved. Another Seated Quarter rarity sold was the 1873 CC with Arrows in PCGS AU55 that brought $76,375. This is one of two certified in this grade with none higher in circulated grades. Below are a few more of the top rarities from the Gardner Collection Part IV.

1873 CC Seated Quarter with Arrows PCGS AU55

1873 CC Seated Quarter with Arrows PCGS AU55 sold for $76,375 at the Heritage Auctions hosted Eugene H. Gardner Collection Part IV U.S. Coins Signature Auction in New York, October 28, 2015

1812 Large Cent Large DateNGC MS65 BN CAC$32,900
1795 Half Dime Flowing HairPCGS MS64 CAC$36,425
1803 Dime Heraldic EagleNGC AU58$56,400
1820 Capped Bust Dime Large 0PCGS MS65 CAC$30,550
1820 Capped Bust QuarterPCGS MS66 CAC$76,375
1850 Seated QuarterNGC PR65$61,688
1795 Flowing Hair Half 2 LeavesNGC MS61$37,600
1874 CC Seated Half w/ArrowsPCGS MS64$38,775
1872 CC Seated DollarNGC MS62$28,200
1911 D $2 ½ Gold IndianPCGS MS64+ CAC$25,850
1914 D $2 ½ Gold IndianPCGS MS65 CAC$35,250

     The second Heritage sale contained thousands of lots with many exceptional rarities finding new homes. For Barber Half Dollar collectors, there was a superb selection of various dates in extremely high grades. One of the highlights of this session was the 1901 O in PCGS MS67+ that sold for $64,625. This is the single finest coin of this date and is one of the rarest dates in the highest grade of this series. Another premium quality coin from this series was the 1906 D in PCGS MS67 CAC which brought $39,950. This coin is also the finest known for the date. The following list contains some of the many other highlights from the Heritage Signature Sale.

1901 O Barber Half Dollar PCGS MS67+

1901 O Barber Half Dollar PCGS MS67+ sold for $64,625 at the Heritage Auctions hosted U.S. Coins Signature Auction in New York, October 29 - November 1, 2015

1886 Liberty NickelPCGS MS66+ CAC$28,200
1822 Capped Bust DimeNGC MS64$29,375
1916 Standing Liberty QuarterPCGS MS66 FH$39,950
1795 Flowing Hair Half 2 LeavesPCGS MS62$48,175
1927 S Walking Liberty HalfPCGS MS66 CAC$35,250
1795 Flowing Hair Dollar 3 LeavesPCGS AU58 CAC$39,958
1867 Seated DollarPCGS MS65$47,588
1807 $2 ½ Gold Capped BustNGC MS62$31,725
1900 $2 ½ GoldPCGS PR68+ DCam CAC$56,400
1795 $5 Gold Small EagleNGC MS61$64,625
1929 $5 Gold Indian NGC AU53$24,675
1797 $10 Gold Heraldic EaglePCGS MS61$42,888
1907 $10 Gold Indian Wire RimPCGS MS65$67,563
1911 $10 Gold IndianPCGS MS67 CAC$61,688
1885 CC $20 GoldNGC MS62$58,750
1907 $20 Saint HR Wire RimNGC MS66 CAC$71,675

     Please contact Heritage Auctions for complete list of prices realized for both sales.

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