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NumisMedia Weekly

Current News and Analysis
of the United States
Rare Coin Market


Another Million Dollar Rarity Auctioned

May 23, 2016

     Legend Rare Coin Auctions held their first New Orleans sale last week, a long way from their usual Las Vegas venue. The highlight of this sale was the 1879 $20 Gold Quintuple Stella in PCGS PR64 Deep Cameo; this Pattern has been traced through the estates of Brand, Carter, Trompeter, and Simpson. It is the second finest known of just five coins in this rare Gold Pattern. The price realized was $1,880,000. Below are some of the other highlights from this top-quality sale.

1879 $20 Gold Quintuple Stella Pattern PCGS PR64 Deep Cameo

1879 $20 Gold Quintuple Stella Pattern PCGS PR64 Deep Cameo sold for $1,880,000 at the Legend Rare Coin Auctions, Regency Auction XVII, in New Orleans, Louisiana, May 19, 2016

 
Date/Denomination
 
Grade
Price
Realized
1793 Liberty Cap Half CentPCGS AU58$37,600
1909 VDB Lincoln CentPCGS PR66 BN$41,125
1925 S Buffalo NickelPCGS MS65 CAC$21,150
1838 Half Dime No DraperyPCGS MS68$37,600
1895 O Barber DimePCGS MS65 CAC$29,375
1815 Capped Bust QuarterPCGS MS65 CAC$32,900
1859 O Seated QuarterPCGS MS65 CAC$23,500
1826 Bust HalfPCGS MS66 CAC$24,675
1923 S Walking Liberty HalfPCGS MS66 CAC$36,425
1888 S Morgan DollarPCGS MS67 CAC$24,675
1900 $2 ˝ GoldPCGS PR68+ DCAM CAC$58,750
1909 O $5 Gold IndianPCGS MS61 CAC$41,125
1907 $10 Gold Indian Wire EdgePCGS MS65$61,688
1915 S $50 Gold Pan-Pac OctagonalPCGS MS63$79,313

     This week’s HD Wholesale Market Dealer Price Guide contains a variety of adjustments for Early Half Dollars through all of the Classic Gold denominations. There are discounted Market prices throughout the charts but there is an encouraging number of increases reported. The 1795 Flowing Hair Half Dollar in MS62 is up to $53,500 Market and the 1807 Heraldic Half in MS65 is higher at $56,500.

     There does not appear to be any less demand for the Barber Half Dollar series, however, there are quite a few price adjustments to the downside. Buyers want bargains and many dealers are in the mood to reduce their inventories. As a result there are several declines in the MS62 through MS66 dates. Of course, this makes the value of the sets somewhat less as well. The Market for the complete MS65 set is down to $372,250 and the MS66 set, if you can find one, is lower at $684,200.









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NumisMedia Weekly Archive
Current News and Analysis of the U.S.
Rare Coin Market