The following post is pulled from
editor Steve Roach’s Market
Analysis column in the Dec. 8 issue.
as extensive as St. Louis numismatist Eric P. Newman’s has more than
its share of top-tier rarities, but it also contains many other coins
that are more ordinary. Heritage’s recent Nov. 14 and 15 auctions for the
Eric P. Newman Numismatic Educational Society provided collectors a
chance to buy a coin with a sensational provenance, at little or no
premium to what an unnamed coin might bring.
The coin: 1923-D Saint-Gaudens
double eagle, MS-65
The price: $1,762.50
The story: The illustrious Newman provenance
didn’t do much to help the price of this 1923-D Saint-Gaudens $20
double eagle graded Mint State 65 by Numismatic Guaranty Corp. It sold for $1,762.50
on Nov. 14. At the same auction, a different example in the same grade
brought $1,880 while another, graded MS-65+ with a green Certified
Acceptance Corp. sticker indicating quality within the grade, realized
This Denver Mint issue enjoys popularity with
collectors because it’s slightly scarcer than the common
late-Philadelphia Mint Saint-Gaudens double eagles, but in this grade
doesn’t bring a substantial premium. Heritage writes that it “is an
ideal choice for the collector seeking an attractive, well-produced
type representative of an issue that is obtainable but not overly
common.” For reference, on Oct. 13, Heritage sold another NGC MS-65
example — not from the Newman Collection — at the $1,821.25 level.
Read the rest of Steve Roach's market analysis:
Coronet $5 half eagle a ‘filler piece’ with provenance
Newman Collection Indian Head cent sold for only $42?
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