Kagin’s breaks apart 14-coin lot from Saddle Ridge gold coin hoard, two $20 double eagles sell

Potential buyers from abroad express interest in Amazon offerings
By , Coin World
Published : 08/22/14
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A 14-coin lot of the top coins from the Saddle Ridge hoard of United States gold coins has been broken up for individual coin sales. Two coins from the lot have already been reported sold, for undisclosed prices.

The lot was originally offered by Kagin’s through Amazon.com beginning May 27 for $2.75 million. Although the entire lot attracted some interest, more interest was shown in specific coins in the lot, according to David McCarthy, senior numismatist and researcher for Kagin’s in Tiburon, Calif.

McCarthy examined, curated and priced the coins from the hoard that are being offered separately through Kagin’s and Amazon.com. Anyone seeking to purchase a coin illustrated on the Kagins.com website must telephone the firm at 888-852-4467 to complete a purchase. Purchases of Saddle Ridge hoard coins offered on Amazon.com can be executed directly on the site.

McCarthy told Coin World Aug. 19 that the two coins that were already sold from the 14-coin lot are the 1884-S Coronet gold $20 double eagle graded Mint State 65 by Professional Coin Grading Service and an 1890-CC Coronet $20 double eagle graded PCGS MS-63. 

The prices the two coins brought were not disclosed, at the request of the northern California couple that discovered the gold coin hoard in February 2013, secreted within eight metal cans on their property. For the remaining 12 individual coins from the large lot, McCarthy said he was discussing pricing with the couple and how the coins will be offered.

The top two coins among the 12 are a PCGS MS-62 1866-S Coronet, No Motto double eagle, alone valued at more than $1 million, and a PCGS MS-62+ 1866-S Coronet, With Motto double eagle.

The other 10 coins, all graded by PCGS, are:

➤ 1870-S Coronet double eagle, MS-62.

➤ 1877-S Coronet double eagle, MS-65.

➤ 1878-S Coronet double eagle, MS-63.

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