The various sales by Heritage Auctions of the collections of St.
Louis numismatist Eric P. Newman started in 2013. The auctions are amazing for their breadth across
different areas of U.S. numismatics, and their depth within many
different series. With the vast number of Newman coins coming to
market — especially with their special Numismatic Guaranty Corp. grading inserts — it’s
inevitable that they will turn up again.
Here is one of three Coin World is profiling this week that
sold at Heritage’s Newman auctions in 2013 and 2014 and that have
since returned to market.
1851-O Coronet $20 double eagle, AU-58 CAC
The Eric P. Newman provenance is one that is a double-edged sword in
the marketplace. It’s a positive because, obviously, Newman amassed a
great collection. But it is also problematic in that it’s easy to
track what a Newman coin sold for when offered at Heritage’s various
This 1851-O Coronet $20 double eagle was purchased by Newman in the
mid-20th century from the estate of “Colonel” E.H.R. Green for $75.
When offered at Heritage’s Newman V auction on Nov. 15, 2014, it was
graded About Uncirculated 58 by Numismatic Guaranty Corp. with a green Certified Acceptance Corp. sticker
indicating quality within the grade and sold for $15,275. After that
sale it was sent to Professional Coin Grading Service, which noted
the provenance Col. Green-Newman on the slab. Now graded PCGS AU-58
CAC it sold for $17,625 at a Feb. 26, 2015, Heritage auction,
representing a modest profit for the winning bidder.
As an issue, the 1851-O double eagle is scarce because many coins
from the mintage of 315,000 coins were melted, and high-end About
Uncirculated examples are rare.
Keep reading this Market Analysis:
Seated Liberty half dollar from Newman Collection has seen all
sorts of price tags
Indian Head 5-cent coin displays Philadelphia Mint's 'finely
polished' Proof technique
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a $150,000 starting bid turn into a $400,000 final price:
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