Legend Numismatics, representing collector Bob R. Simpson of Fort
Worth, Texas, has purchased the complete set of Coronet gold $10
eagles assembled by Professional Coin Grading Service founder David Hall.
The transaction is valued at $4 million, according to Laura
Sperber, Legend president.
Hall’s set is listed on the PCGS Set Registry as the “Ellen D”
collection (after his wife’s first and middle names). It is not only
the finest set of its kind on the PCGS Set Registry, it is also finer
than fabled sets assembled by noted 20th-century collectors Harry Bass
and Louis Eliasberg Sr., according to Legend.
Highlights of Hall’s 184-piece Coronet gold $10 eagle collection include:
➤ 1848, PCGS Mint State 64, the only one graded PCGS MS-64 with
none graded higher.
➤ 1858, PCGS MS-64, a famous discovery coin from the 1970s and the
finest known by three or four points on the 1-70 grading scale.
➤ 1875, PCGS About Uncirculated 50. With only 100 coins minted,
this is the lowest mintage regular-issue United States coin, and many
experts believe fewer than 10 examples are known today.
➤ 1876, PCGS MS-60, the only known Mint State example of this low
➤ 1883-O, PCGS AU-58, possibly the finest known example of this rarity.
➤ 1899-S, PCGS MS-68, the ex-Eliasberg-Clapp coin and the finest
known by two full points.
➤ 1902, PCGS MS-66, like many of the coins in the Hall Collection,
it is the finest known and the only one graded at this level.
After carefully assembling the collection during the past seven
years, Hall admitted he had mixed emotions about selling it, according
to a press release from Legend.
“While I have a personal use for the money, I really had second
thoughts about actually selling my set. I put a lot of work into
building it, and it was a lot of fun for a long time,” explained Hall.
“I’m glad Laura bought my set for Mr. Simpson, and I’m happy my
‘babies’ have found a great new home. It’s interesting that Mr.
Simpson also has the finest collection of $10 Indian Head gold coins
on the PCGS Set Registry, so his collection of 1838 to 1933 gold
pieces now is really something special.”
Sperber said, “We’re always searching for interesting,
“I immediately called David when I heard he might be willing to
sell his incredible collection. This set has a unique appeal because
many of the coins are not Mint State but they are extreme rarities
nonetheless. It was not until we sat down to actually figure the deal
coin-by-coin that we realized exactly how rare and undervalued most of
the coins in the $10 Liberty series really are. We then understood why
David chose this series to concentrate on.”
Simpson, through Legend Numismatics, has been steadily assembling
a major collection of U.S. coins and patterns.
In an exclusive interview published in the Jan. 3, 2011, issue of
Coin World, Simpson explained how he began collecting coins
as a teenager.
Among his acquisitions is a complete set of 1943 Lincoln bronze
cents from all three U.S. Mint facilities, including the unique 1943-D
example from the Denver Mint. In September he purchased the unique
1943-D bronze cent for a record $1.7 million, enabling him to complete
the 1943 set he had begun to assemble six years earlier.
The premier collection of U.S. pattern coinage today, including
gold denomination patterns struck in gold, reportedly is the Simpson
Collection. The collection pedigrees most of its gold patterns to the
gold pattern collection of Dr. John E. Wilkison, a Springfield, Tenn.,
collector who began his numismatic interests in 1934.
In late 2007, Simpson acquired more than 1,000 patterns in a
single transaction totaling more than $30 million that was brokered by
Legend Numismatics. The inventory list for the patterns acquisition
totals more than 70 pages.
To acquire such rarities requires vast wealth, of course. Simpson
founded XTO Energy Inc., Fort Worth, a leading producer of natural gas
in the United States. Simpson’s firm merged with ExxonMobil in 2010.
Throughout the last decade Forbes magazine has consistently ranked
XTO Energy in the upper tier of its Best Big Companies and in 2009
listed Simpson as No. 5 on its list of the 25 highest paid male CEOs.
Simpson became a minority owner in the Texas Rangers baseball team
in 2010, which would win its first American League pennant in team
history and also play in the 2010 World Series.
For additional information about Legend Numismatics, telephone the
firm at (800) 743-2646 or visit online at www.LegendCoin.com. ■