Stack’s Bowers Galleries has acquired a hoard containing more than 1
million coins ranging from bags of large copper cents and Capped Bust
half dollars, to Morgan and other silver dollars.
The hoard has been designated The Stack’s West 57th Street
Collection as the coins were obtained in New York City and around the
country, then stashed away and never reviewed for key dates or
attributed by varieties, according to the firm.
The hoard was transferred to the firm’s offices in California, and
armed guards kept watch as the 30-ton hoard was unloaded from two
large transport trucks and transferred into secured vaults.
According to the firm, the sorting process has now just begun, and
announcements of collection highlights will be made in upcoming months
as the hoard is examined.
Stack’s Bowers estimates the market value to be well into eight
figures, with initial estimates ranging from $15 million to $20 million.
Most of the coins, including Washington quarter dollars, Franklin
half dollars, bags of Flying Eagle and Indian Head cents, and nearly
10,000 1909 Lincoln, V.D.B. cents, are in circulated grades, “and will
appeal to collectors seeking coins that are both historical and
affordable,” according to the firm.
“Going through samples from this collection has been amazing,” said
Lawrence R. Stack, a founder of Stack’s Bowers Galleries. “Each of the
thousands of groupings has remained sealed as originally closed by the
owner. We expect to find many rare varieties and discoveries as the
review process continues. I have never seen anything like it, and am
unaware of any comparable hoard of copper, nickel and silver coins
that has ever come to the numismatic market.”
For more information about the Stack’s Bowers Galleries hoard, visit
the company’s website at www.stacksbowers.com.