It is going to be a busy autumn for the rare coin market as several
major auctions will circulate fresh coins into the marketplace to keep
things lively and dealers supplied.
October sees an addition to the coin show calendar with the new Professional
Numismatists Guild’s New York Invitational coin show at the
Millennium Broadway hotel in Times Square. The show, from Oct. 9 to
Oct. 11, features official auctions by both Heritage and Stack’s
Bowers Galleries. The PNG will follow this up with another show in
Dallas, Feb. 26 to 28, 2015, at the Gaylord Texan Resort near DFW airport.
Legend Rare Coin Auctions’ Regency Auction IX,
set for Oct. 2 in Las Vegas at The Bellagio hotel and casino, will
start October with a bang. Leading the sale are some extraordinarily
toned Morgan dollars including an 1893-S dollar graded Mint State 65
by Professional Coin Grading Service, with a green Certified
Acceptance Corp. sticker, that was formerly in the Eliasberg Collection.
Heritage will offer
the second of four auctions featuring the collection of Pennsylvania
collector Eugene H. Gardner on Oct. 27 at the Fletcher-Sinclair
Mansion in New York City. The first auction, held June 23, 2014, saw
more than 600 lots bring nearly $20 million.
The Gardner Collection is noteworthy for its silver coins, and one
of the most desirable is an 1871-CC Seated Liberty dime graded MS-65
by Numismatic Guaranty Corp. The issue is the first Carson City Mint
dime, with a mintage of just 20,100 coins, and it is rare in Mint
State grades. Heritage notes that it is “at a minimum, tied for the
finest certified example, and that might turn out to be the finest
certified by two grade points.” A second NGC MS-65 example listed in
the condition census may be a duplicate of the present coin. When the
present example was last offered at a Bowers and Merena auction in
2005, it sold for $230,000 and at a 1990 auction, graded “Gem
Brilliant Uncirculated,” it sold for $50,600.
Bowers will host multiple auctions including a Rarities Night as
the official auctioneer of the Whitman Coin and Collectibles Winter Expo in
Baltimore, Oct. 29 to Nov. 1. One of the leading consignments is a
comprehensive collection of 1853 U.S. coins including an 1853-O Seated
Liberty, No Arrows half dollar graded Good 6 by PCGS that is one of
just four known. It has an ownership history that traces back to the
19th century. Also included is an 1853-D Coronet, Large D gold $5 half
eagle graded MS-64+ by PCGS, with a green CAC sticker.
On Nov. 14 and 15, Heritage will offer the fifth sale of coins from
the collection of St. Louis numismatist Eric P. Newman. The fifth sale
is noteworthy for its extraordinary selection of Early American coins
and other well-known rarities graded by NGC like an MS-66 pewter 1776
Continental dollar, an About Uncirculated 50 1794 Flowing Hair silver
dollar and a Proof 65 1879 Flowing Hair $4 “Stella” pattern coin.
It will be a busy fall, for sure.