Bringing $188,000, an 1879 Flowing Hair gold $4 Stella pattern piece
in its original box, a coin that had been off the market since the
1950s and was subsequently graded Proof 65+ by Professional Coin
Grading Service, was a top lot at the auctions held before and
immediately after the Nov. 5 to 8 Whitman Coin and Collectibles
Baltimore Expo by Stack’s Bowers Galleries.
As in all large auctions, while six-figure rarities may dominate
headlines, sales like the one just concluded offer many fascinating
pieces that sell at much lower price points.
Here is one of three that caught my eye.
1926 Peace dollar, MS-65
While rainbow toning is often seen on Morgan dollars, it is less
frequently seen on Peace dollars. The typical toning on a Peace dollar
is often a bit mottled, with dull gold or gray. Thus, any Peace dollar
with naturally occurring rainbow toning is unusual and highly desired
A gorgeous PCGS MS-65 1926 Peace dollar from the Thomas P. Warfield
Collection sold for $1,292.50 at the Nov. 6 Stack’s Bowers auction.
The lot description stated, "Outstanding rainbow peripheral
toning on the obverse makes this one of the most vivid Peace dollars
that we have ever handled."
This issue is not rare in grades through MS-65, and it had a large
mintage of nearly 2 million coins. In MS-66 the population thins, with
PCGS grading just 206 submissions in this grade and few higher. While
a typical MS-65 example sells at the $300 to $400 level, an MS-66 1926
Peace dollar can sell for $2,000 to $3,000, placing this handsome and
unusual Gem MS-65 coin within the price range for those two grades.