Market Analysis: Gold coins break million-dollar mark
- Published: Dec 2, 2024, 9 AM
Stack’s Bowers Galleries’ Nov. 19 Rarities Night sale offered three gold lots that crossed the $1 million mark, led by an 1870-CC Coronet gold double eagle graded About Uncirculated 55 by Professional Coin Grading Service that brought $1,440,000.
At $1,260,000, a privately issued 1850 Baldwin & Co. territorial gold $10 coin graded Mint State 63+ by PCGS with a green Certified Acceptance Corp. sticker impressed bidders. It features the design known as the “Vaquero” or “Buckaroo” Spanish cowboy motif and each feature was boldly impressed, thanks to a sharp strike. It is among the finest-graded examples of this issue, struck with California gold by the private San Francisco coiner Frederick D. Kohler. He bucked convention by not copying contemporary circulating coin designs, but instead, hiring local engraver Albrecht Kuner to create new designs. Kohler sold his firm to George C. Baldwin and Thomas Holman on March 15, 1850, and the firm was dissolved just over a year later.
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