The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the Nov. 17 issue.
auction of the Eugene H. Gardner Collection of U.S. Coins took place
in New York City on Oct. 27 and totaled nearly $14 million. The first auction of
his collection earlier this year brought nearly $20 million and there
are two more auctions to go.
Gardner’s goal in pacing
the sales was to allow bidders the chance to buy coins for their
specialty without “breaking the bank” as might happen if a series was
presented in its entirety in a single sale.
Here is one
of three Coin World profiles of Standing Liberty quarter
dollars from Gardner II that found new homes.
coin: 1927-S Standing Liberty quarter dollar, MS-65 Full Head,
The price: $176,250
story: A highlight of the entire Gardner Collection is this 1927-S
Standing Liberty quarter dollar, graded Mint State 65 full head by Professional Coin Grading
Service with a green Certified Acceptance Sticker noting quality
within the grade, that sold for $176,250.
low-mintage San Francisco Mint issue is frequently seen weakly struck,
so examples with fully defined heads are coveted. Heritage notes: “An
interesting characteristic of most surviving Full Head representatives
is that they were coined with severely clashed dies. Mint efforts to
efface the resulting marks left numerous striations in the die face,
which were then transferred to the coins as they were struck.” The
issue is so challenging that PCGS has certified just 23 1927-S
quarters with full head designation. Standing Liberty quarter expert
Jay Cline adds, “Full Heads in Uncirculated condition are almost
Heritage’s description pointed out that
several of the top PCGS Registry sets lack this issue in this grade,
which may have put pressure on the price.
Read more of the "Gardner's Standing Liberties"
Standing Liberty quarter formerly thought to be a Proof brings
example among 'solid' coins, good for its grade
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