Rare gold highlighted the results as Heritage Auctions’ 2013
February 7 -8 & 10 US Coin Signature Auction, held in
conjunction with the Long Beach Coin and Collectibles Expo, realized
over $9.8 million. All prices include a 17.5% Buyer's Premium.
Top honors in this auction went to a proof
1876 double eagle, pedigreed to the John Jay Pittman collection,
and at Proof-64+ Deep Cameo the finest example of the date certified
by PCGS. Only 12-15 examples of a mintage of only 45 coins are
believed to exist today. This issue from our nation's centennial year
sold for $152,750.
Taking up the next two spots in the results were a pair of round
1915-S Panama-Pacific $50 commemoratives. This ever-popular low
mintage issue contains nearly 2.5 ounces of fine gold, and, along with
the octagonal coins issued the same year, is the only $50
commemorative ever issued by the US. The
finer of the two coins, an MS66 example surpassed in grade by
only one coin at NGC, sold for $146,875, while the MS65
example sold for $123,375. This auction also featured two examples
of the octagonal Panama-Pacific issue; these sold for $82,250
As might be expected, outstanding silver rarities also brought
outstanding prices, with an 1838
Gobrecht dollar restrike with plain edge selling for $123,375.
Some sources indicate that there may be as many of twelve examples of
this coin in existence; however, the issue may be much rarer, as
Heritage was only able to trace five. These pieces are believed to
have been produced between 1873 and 1876.
The next Heritage US coin auction is scheduled for March
21-24 in Dallas. Previews are already available at www.HA.com/coins.