The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the June 30 issue.
Auctions’ June 4 to 8 auctions held during the Long Beach
Expo brought more than $16 million.
As is often the
case with these major auctions, a gold double eagle led the bidding.
An 1854-O Coronet $20 double eagle graded AU-55 by Numismatic Guaranty
Corp. brought $381,875. Heritage’s roster lists 21 known examples
and this one is among the finest known.
In an auction
that offers more than 6,000 lots, many other scarce coins are offered
that, while not the finest known, still provide solid values for
The coin: 1892-O Barber, Micro O half
dollar, Good 4, $3,525
The story: Mint marks were
punched individually into the dies used to strike coins at the U.S.
Mint during the late 19th century.
The “Micro O” on this
1892-O Barber half dollar is the result of a New Orleans Mint mark
punch for a quarter dollar being used, in place of the larger half
dollar Mint mark punch that was supposed to be used on half dollar
Heritage estimates that fewer than 100 pieces are
known and cites Professional Coin Grading Service and NGC as grading
just 66 examples in all grades.
This variety has gained
popularity in the past two decades, in large part because the
distinction is easy to see without magnification. Its recognition has
grown to the point that Heritage writes, “This variety is essential
for the completion of a Barber half collection.”
Good 4 by PCGS, it sold for $3,525. Another example in the same
auction graded Good 6 by PCGS realized $4,406.25.
Read more of Steve Roach's latest Market Analysis: