Goldberg sale includes collection stored in bank for decades

January auction also offers 216 1856 Indian Head, Upright 5 dollars
Published : 12/06/13
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Two collections of U.S. gold coins will be offered in the Jan. 26 to 28 auction in Los Angeles by Ira & Larry Goldberg Auctioneers.

One of the collections has been stored in a bank for more than four decades. The other is a hoard of more than 200 certified examples of the same gold dollar variety.

The Del Valle Collection features nearly 80 U.S. gold coins comprising $2.50 quarter eagles, $3 coins, $5 half eagles, $10 eagles and $20 double eagles that were locked in a Beverly Hills safety deposit box for more than 40 years. The coins have since been certified by either Professional Coin Grading Service or Numismatic Guaranty Corp.

Among the coins in the Del Valle Collection are a 1796 Capped Bust, No Stars quarter eagle, NGC About Uncirculated 55; an 1825/4/1 Capped Head half eagle, PCGS Mint State 61, stickered by Certified Acceptance Corp.; an 1887 Coronet half eagle, PCGS Proof 63 Cameo; a 1907 Indian Head, Wire Edge eagle, PCGS MS-65+, CAC; a 1930-S Indian Head eagle, PCGS MS-65, CAC; and a 1932 Saint-Gaudens double eagle, PCGS MS-65.

1856 Upright 5 gold dollar

The Goldbergs auction will also include two lots comprising 216 examples of the 1856 Indian Head, Upright 5 gold dollar. One lot will contain the finest known certified example, graded MS-66 by NGC. The remaining 215 examples of the variety will be offered in a single lot.

The 1856 gold dollar is known by coins struck with an obverse die where the 5 in the date is either slanted or upright.

According to the Goldbergs, the unidentified consignor was advised by a noted coin dealer in 1996 to focus in one collecting area.

Instead of a particular series or denomination, the consignor zeroed in solely on the 1856 Indian Head, Upright 5 gold dollar, according to the firm.

The consignor estimates the hoard reflects 75 percent of the surviving population of Upright 5 gold dollars.

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Older Comments (1)
Wow. Decades inside a bank vault and only now brought out for people to peruse. I'm truly excited to see what kind or rarities are going to be coming out but not only that! Can you imagine what kind of gems might be coming out? I can only imagine what other kind of storage treasures must have been pulled from this same customer when everything was released for the sale. It kind of reminds me Gringotts Bank like in Harry Potter. All sorts of interesting things seem to be hidden deep in the bowels of the bank huh?