1794 Draped Bust, 13 stars Dime at the Pogue Collection:
- Published: May 30, 2015, 4 AM
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.
1797 Draped Bust, 13 Stars Dime, MS-64
So many of Pogue’s coins were part of other famous collections in the past, including this 1797 Draped Bust, 13 Obverse Stars, dime graded PCGS MS-64. It opened for a bid of $90,000 and ultimately sold for a bid of $150,000 (or, $176,250 with the buyer’s fee) just topping the estimate of $120,000 to $175,000.
While the coin itself is impressive as one of just two such graded coins of this issue at PCGS with none finer, it has also served as a plate coin for several references in the field and has a noteworthy ownership history.
Before 1887 it was in the Thomas Cleneay Collection and was sold in 1890 as part of S. Hudson and Henry Chapman’s sale of that collection to an unknown buyer. It appeared in B. Max Mehl’s 1946 auction of the William Cutler Atwater Collection and in 1966 sold at a Lester Merkin sale for $7,250. In 1980 Stack’s offered it as part of the Charles Kahn Collection and Stack’s again sold it in 1990 for $26,000 at the Allen F. Lovejoy auction. It passed through more hands before being purchased by Pogue at Heritage’s sale of the Ed Price Collection in July 2008 where, graded NGC MS-65, it brought $402,500, proving that in even the greatest collections, not all coins appreciate in value between auctions.
Keep reading this Market Analysis:
1806/4 Capped Bust quarter eagle features some spectacular toning
1794 Flowing Hair half dollar realizes price tag north of $760,000 at Pogue auction
More from CoinWorld.com:
Collectors discover doubled dies on America the Beautiful quarter dollars
Heritage announces sales of Rudman Colonial Mexican coins collection
Counterfeit American Eagle gold bullion coins improving in design quality
New Russian notes bear hammer and sick symbol of former Soviet Union
Know your U.S. coins: Eisenhower dollar
Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewsletters, liking us on Facebook, and following us on Twitter. We're also on Instagram!