The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the Dec. 15 issue.
Nova Constellatio coppers are
A Guide Book of United States Coins
under “Speculative Issues,
Tokens, and Patterns.” These pieces are dated 1783 and 1785, do not
clearly state a denomination on either side, and were struck in
large quantities in Birmingham, England. They circulated widely in
New York and are well-loved for their all-seeing eye on the obverse.
The simple design has made it popular with generations of collectors
including St. Louis’
Eric P. Newman.
Here is one of three
is profiling that sold at
Heritage’s Nov. 14 and 15 auction
of selections from his collection.
The coin: 1783 Nova
Constellatio Copper, MS-66 brown
The story: Simply put, an extraordinary coin, this 1783 Nova
Constellatio copper with pointed rays on the obverse (they end in
points, rather than the blunt rays that are used on some varieties) is
graded Mint State 66 brown by Numismatic Guaranty Corp. The quality is
exceptional and it is the finest graded by NGC by two grade points.
The lot description adds, “This extraordinary Mint State copper has
an extremely strong strike, with the all-seeing eye sharper than we
have ever seen. It is clearly a special piece, showing additional fine
obverse die lines that are not visible on most examples.”
Twenty bidders competed for it and it brought $41,125, a massive
price for a coin that is relatively common, but virtually never
encountered in this state of preservation.
Read the rest of the "Newman's Novas" Market Analysis:
Nova Constellatio copper from 1785 a good representative example
1785 Nova Constellatio copper that sold for $7,050 a unique piece
More from CoinWorld.com:
Newman Collection Indian Head cent sold for only $42?
reimagines Lincoln cent with portrait of Ronald Reagan
drops maximum edition on four-coin silver Kennedy half dollar sets
Langbord family present oral arguments as Philadelphia Court of
Appeals hears 1933 $20 case
First Spouse gold coin sales well below maximum authorized mintages
Keep up with all of CoinWorld.com's news and insights by signing
up for our free eNewsletters, liking
us on Facebook, and following us on Twitter. We're also on Instagram!