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Long Beach Expo and Ship of Gold Attract Large Crowds

February 26, 2018

     Long Beach week proved to be excellent for most of the dealers as this was easily the best attended Long Beach Expo in many years. Several major displays and events attracted much of the attendees, but the S.S. Central America exhibit was the main attraction. Now known as the “Ship of Gold”, this astonishing presentation was highlighted by over 30 ingots from the most recent salvage; this portion of recovered gold was insured for $40 million.

     The Heritage Auctions sale was also well attended and drew a large number of bidders. Many were there to bid on the ultra-rare 1875 $10 Gold in NGC AU50 which ultimately sold for $372,000. Even though this coin had an original mintage of just 120, it is believed that there are only about ten to twelve coins known to exist. There are four reported certified in AU50 and another four in grades as high as AU55.

1875 $10 Gold NGC AU50

1875 $10 Gold NGC AU50 sold for $372,000 at the Heritage Auctions Long Beach Expo U.S. Coins Signature Auction in Long Beach, California, February 22-26, 2018

     Heritage also auctioned a large Gold Ingot from Kellogg & Humbert out of the initial presentation group of Gold coins and ingots recovered from the S.S. Central America. This ingot was weighed at 52.37 ounces and brought $180,000. The following list contains several other highlights from this Heritage Sale.

1793 Liberty Cap Half CentPCGS XF45 CAC$24,000
1955/55 Lincoln CentNGC MS65 Red$21,600
1872 Two CentPCGS MS66 Red CAC$52,800
1885 Liberty NickelPCGS MS67$30,000
1870 CC Seated QuarterPCGS G6$12,600
1794 Flowing Hair Half DollarNGC XF40$26,700
1796 Draped Bust Half Dollar 15 StarsPCGS VF30$87,000
1806 Bust Half Dollar Knob 6 No StemPCGS F12$60,000
1817/4 Bust Half DollarPCGS G6$96,000
1919 D Walking Liberty HalfPCGS MS64$28,800
1921 S Walking Liberty HalfPCGS MS65$90,000
1794 Flowing Hair DollarPCGS VF35$303,000
1892 S Morgan DollarPCGS MS65$192,000
1910 $2 ½ Gold IndianPCGS PR66$39,600
1795 $10 Gold Capped Bust 9 LeavesNGC AU55$144,000
1796 $10 Gold Capped BustPCGS AU58$138,000
1799 $10 Gold Heraldic EaglePCGS MS64$144,000
1842 O $10 GoldPCGS MS63 CAC$288,000
1863 S $10 GoldPCGS MS60$132,000
1864 S $10 GoldPCGS XF40$114,000
1877 CC $10 GoldPCGS AU58 $102,000
1883 O $10 GoldPCGS AU58$126,000
1897 O $10 GoldPCGS MS67 CAC$264,000
1931 $20 Gold St. GaudensNGC MS64$81,000
1915 S $50 Gold Pan-Pac RoundPCGS MS64 CAC$114,000

     This Heritage Auctions Sale was heavy in rare dated $10 Gold Liberty coins, and many of the grades sold had not traded for quite some time. It is also important to note that some of these coins realized strong bids even though they were lower grades, a few as low as Very Fine while most were in the AU grades.

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