Legend-Morphy Rare Coin Auctions, a partnership formed in June between Dan Morphy of Morphy Auctions and Laura Sperber of Legend Numismatics, presents its first auction Oct. 10.
Legend-Morphy’s October 2012 Coin Sale features 226 different lots, including Colonial, U.S. and world coins, U.S. pattern coins and gold nuggets.
Among the auction’s offerings is a 1783 John Chalmers silver 3-pence piece, graded About Uncirculated 53+ by Professional Coin Grading Service. The 3-pence piece, Lot 1 of the auction, bears a Certified Acceptance Corp. sticker.
Chalmers, a silversmith from Annapolis, Md., minted the privately struck 3-pence tokens, as well as 6-pence and shilling tokens, in response to a shortage of small-denomination circulating coinage.
The Legend-Morphy catalog description of the coin states that it is a newly discovered example. The lot is described as having “Lovely original medium gray patina. Flawless original surfaces. As well struck as this issue comes. Only slightly off center on the date side.”
Legend-Morphy gives the 3-pence piece an estimate of $32,500 to $37,500.
Lot 29 in the auction is a 1916 Indian Head, Doubled Die Obverse 5-cent coin, graded Mint State 64 by Numismatic Guaranty Corp. The Legend-Morphy catalog listing says: “The quality of the coin is very choice. The surfaces are clean and satiny. They even emit a decent luster. Both sides are evenly covered by a rich mix of olive / golden brown / pale rose colors. The details are exceptionally struck.”
The lot is estimated at $150,000 to $165,000.
For gold lovers, the Legend-Morphy sale offers seven different gold nuggets in single lots, with nuggets ranging in weight from 1.5 to 49.8 troy ounces.
The largest of the auction’s gold nuggets, Lot 132, originated in Peru, according to the auction listing. Legend-Morphy estimates that it will bring $80,000 to $120,000.