every massive coin auction presented by one of the major auction
firms, there are many smaller auctioneers around the country that also
have strong coin sales.
L. Davis’ Michigan firm Numismatic Auctions LLC typically holds two
auctions a year, and its latest summer sale took place June 29 in
Okemos, Mich. Unlike many auctioneers, Davis offers the majority of
his coins uncertified, letting bidders ultimately decide what a coin
is worth. His latest auction offered a huge range of U.S. and world
material, and literally had something for everyone and nearly every budget.
is one of three coins that we took note of.
Coronet gold $20 double eagle, Uncirculated
the top lots at the auction was this 1893-CC Coronet gold $20 double
eagle that brought a bid of $10,500 (bringing a total price realized
of $12,075 with the 15 percent buyer’s fee). The tougher issue, from
the final year of the Carson City Mint, was described as “Lustrous
original Unc and nearly Choice save some light scattered contact.”
takes some guts to pay a five-figure price for an uncertified coin and
confidence in one’s grading ability. At the $12,075 level, the double
eagle sold for a price consistent with what a top-quality About
Uncirculated 58 example or a lower-grade Mint State piece might bring
example, at last year’s American Numismatic Association auctions,
Heritage sold one graded MS-60 by Numismatic Guaranty Corp. for $12,925, while
Stack’s Bowers Galleries sold one Professional Coin Grading Service graded as
MS-61 for the same amount.
Keep reading this Market Analysis:
1856 Flying Eagle cent capitalizes on widespread demand at $9,200
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