The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the Dec. 8 issue.
A collection as extensive as St. Louis numismatist Eric P.
Newman’s has more than its share of top-tier rarities, but it also
contains many other coins that are more ordinary. Heritage’s recent Nov.
14 and 15 auctions for the Eric P. Newman Numismatic Educational
Society provided collectors a chance to buy a coin with a sensational
provenance, at little or no premium to what an unnamed coin might
coin: 1906 Indian Head cent, Uncirculated Details, Reverse
The price: $42
The story: The Newman Collection with its
subsequent auctions has something for absolutely every budget, and
like the other Newman auctions, the Nov. 14 and 15 auctions had many
affordable coins. This sale had more than 20 coins that sold for less
than $100 each. The least expensive was a 1906 Indian Head cent graded
Uncirculated Details by Numismatic Guaranty Corp., but with reverse
damage. Among Indian Head cents, it’s hard to find one that’s more
common than a 1906 piece.
Heritage lavishes the same
attention on its description of this relatively humble coin as it
would on a more notable coin, writing, “this example was struck from a
fresh die pair, as evidenced by the semiprooflike fields and sharp
design definition. The obverse is primarily orange-gold, with a few
tiny cherry and olive accents,” before noting the few shallow scrapes
on the reverse, “though these are well-masked by deep burgundy
Still, to get a coin from a great collection —
certified no less — for around the price of a solid About Uncirculated
example is a great opportunity to connect a collection to history.
Read the rest of Steve Roach's market analysis:
Coronet $5 half eagle a ‘filler piece’ with provenance
1923-D Saint-Gaudens $20 double eagle bought without ’substantial premium'
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