Missouri auctioneer Scotsman Auction Co.’s latest rare coin sale was
held on July 29 as part of the Missouri Numismatic Society’s 56th
annual coin show, at the Saint Charles Convention Center in
metropolitan St. Louis.
As usual, Scotsman’s Midwest Summer Sale featured a diverse range of
collector coins including a few standouts. But alongside these
expensive rarities were many more lots of uncertified coins, complete
or nearly-complete date and Mint mark sets in albums, and groups that
proved ripe for discoveries from sharp-eyed collectors.
Here is one of three under-the-radar coins from the sale that we're
profiling in this week's Market Analysis:
1804 Capped Bust gold $5 half eagle, Small 8, AU
Details, Repaired and Cleaned
Gold coins produced at the Philadelphia Mint in the late 18th
century and in the first several decades of the 19th century are
always expensive. The mintages are generally low — especially when
compared with silver and copper coins — as is the survival rate. Most
relatively affordable representatives have problems, as did one
offered at Scotsman’s 2016 Midwest Summer Sale.
Connect with Coin World:
An 1804 Capped Bust gold $5 half eagle, of the Small 8 type, graded
About Uncirculated Details, Repaired and Cleaned by Numismatic
Guaranty Corp., sold for $5,750 at the auction.
The description notes, “At some point in the past, some sadly
misguided soul decided to severely abrade all the open fields, perhaps
in an attempt to eradicate unwanted contact marks. This is most
unfortunate, since what remains of the coin presents delightful
sharpness, and even appreciable flowline luster within protected areas
of the periphery. Shame!”
Yet, that person who sought to improve the coin succeeded in making
this coin much more affordable to a collector today than an unaltered
piece of the same technical grade.
There's more to this
Market Analysis of under-the-radar coins:
Untouted 5-cent pattern designed by Charles Barber
features inventive design
Full head 1916 Standing Liberty quarter, an
'all-time classic,' draws handsome price