The auctions associated with the Florida United
Numismatists show in
Orlando, Jan. 8 to 11, are massive events for the rare coin market.
Night auction is set for
Jan. 7, and features many singular rarities, although none with the
broad, mainstream recognition of last year’s headliners: a 1787
Brasher doubloon that sold for nearly $4.6 million and a 1913
Liberty Head 5-cent piece that realized $3,290,000.
Coin World is profiling a few of the Platinum Night FUN auction highlights.
Rare Seated highlights
An 1876-CC Seated Liberty dime graded Professional Coin Grading Service Specimen 66+,
with a green CAC sticker, is a challenging coin from both collecting
and historical perspectives.
Although Proof or presentation strike dimes were not officially
produced in 1876 at the Carson City Mint according to Mint records,
Heritage writes that the coin in the auction is one of three confirmed
to exist. The qualities that differentiate a Specimen strike from a
regular issue piece include unusually deeply mirrored fields, a sharp
strike that suggests that it was struck twice, and a wire rim.
Both PCGS and Numismatic Guaranty Corp. recognize these as
Specimen strikings, and all known examples are from the same die pair.
PCGS Coin Facts concludes, “Certainly, this is one of the rarest proof
coins of the late 1800’s.”
The piece to be offered at FUN was previously offered at Legend Rare
Coin Auctions’ July 17, 2014, Regency Auction VIII where it was
offered as part of Bob Simpson’s Proof Seated Liberty dime collection.
There it carried an estimate of $250,000 to $275,000 but went unsold.
The firm’s offering of an 1870-S Seated Liberty silver dollar is a
special occurrence, as just nine examples are confirmed. Heritage
considers it one of the premiere rarities in 19th century numismatics,
and like many rarities, the exact circumstances surrounding its
production are lost to history, but the commonly accepted number
struck is a dozen.
Researchers Nancy Oliver and Richard Kelly have studied this issue
extensively and theorize that a San Francisco Mint silver dollar would
serve as a memento for groundbreaking ceremonies for the new San
Just one known example is Mint State and that one, graded MS-62,
brought $1,092,500 at a 2003 Stack’s auction. Another example is rumored to be
in the cornerstone of the second San Francisco Mint.
The representative offered at FUN is graded Extremely Fine 40 by NGC
and was last offered at auction in Heritage’s April 2008 sale of the
Queller Family Collection, where it sold for $805,000. A different
example, also graded EF-40, sold for $763,750 at last year’s FUN
Heritage distinguishes the present example, writing that “unlike
several other circulated 1870-S dollars on the roster, there are no
mentionable or distracting marks or other problems on this piece.”
Read about more highlights of the Heritage FUN auctions:
Chain cent once part of 'finest U.S. coin collection of all time'
on the block at Heritage FUN auction
certified 18th century gold half eagle among Heritage lots at FUN auctions
More from CoinWorld.com:
are they going to open the Boston time capsule and see what's inside?
Trade dollar series remains one of the most heavily counterfeited
among U.S. coins
City Mint coins unwanted when first struck but now they are wildly popular
States Mint to offer 1-ounce silver Proof 2015-W American Eagle
dollar beginning Jan. 2
a Modern commemorative $1 outshine a 1907 High Relief $20?
Keep up with all of CoinWorld.com's news and insights by signing
up for our free eNewsletters, liking
us on Facebook, and following us on Twitter. We're also on Instagram!