Insights

Looking at Heritage’s Atlanta National Money Show auction

Market Analysis column from March 31, 2014, issue of Coin World
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By Steve Roach - Coin World Staff
Published : 03/14/14
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For reference, another example of a 1799 dollar in About Good 3 brought $763.75 at a 2013 auction, while one of the finest known of the type, graded Mint State 67, sold for $822,500 at Heritage’s Nov. 15, 2013, auction of selections from Eric P. Newman’s collection.

Trading problems for rarity

Sometimes to get an affordable example of a particular issue, one has to accept that a coin may have problems. 

This 1832 Capped Head gold $5 half eagle has unnaturally glossy surfaces from cleaning, and the obverse field has been smoothed near Liberty’s chin. While the rims are mostly obscured by encapsulation, ANACS has also identified filed rims as another problem. 

Although this variety — with 13 stars on the obverse and a Square Base 2 in the date — generally sells for $20,000 and up, the example in the Heritage auction brought $5,287.50 on Feb. 28, 2014, making it an accessible example of a rarity. 

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