Stack’s Bowers Galleries’ and Sotheby’s May 19 auction of 128 coins
from the D. Brent Pogue Collection was the first of seven auctions
that will place hundreds of rare coins in the marketplace. Here are
three coins that represent different facets of the diversity and
quality of his holdings.
1806/4 Capped Bust gold $2.50 quarter eagle graded Mint State 62
It’s always a treat to encounter a gold coin with toning, such
as this 1806/4 Capped Bust gold $2.50 quarter eagle graded Mint State
62 by Professional Coin Grading Service. Gold coins of this period
were typically 91.67 percent gold and 8.33 percent silver and copper
and since gold is nonreactive, toned gold coins are unusual. This one
shows deep, copper-rose toning on both sides in a handsome and even pattern.
This variety was created when an unused 1804-dated die was modified
for use in 1806.
The reverse adjustment marks are Mint made and typical, as the
description notes, “Nearly all examples show significant adjustment
marks and their inherent central softness, making a search for a
perfectly made example at any level of preservation an essentially
It was last offered at public auction in 2000 at a Heritage sale.
Then graded MS-60 by Numismatic Guaranty Corp., it sold for $13,225.
At the Pogue sale it opened at a bid of $45,000 and rapidly rose to
$80,000. With the 17.5 percent buyer’s fee, the colorful quarter eagle
sold for $94,000, exceeding the estimate of $40,000 to $60,000.
Keep reading this Market Analysis:
Flowing Hair half dollar realizes price tag north of $760,000 at
Draped Bust, 13 Stars Dime a rare find at the Pogue auction
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money with Jefferson nickels
David Bowers: ‘Gold’ a longtime synonym for ‘value’
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