The auctions associated with the Florida United Numismatists show in Orlando,
Jan. 8 to 11, are massive events for the rare coin market.
Heritage’s Platinum 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.
The firm’s U.S. coin FUN auctions take place over nine sessions,
including two online sessions on Jan. 11 and Jan. 12. Additional
sessions for paper money are also scheduled, with world coins offered
the same week in conjunction with the New York International Numismatic Convention in
New York City.
Coin World is profiling a few of the Platinum Night FUN auction highlights.
A Chain cent’s rich ownership history
A 1793 Flowing Hair, Chain, Periods cent, graded MS-66 brown by Professional Coin Grading
Service with a green Certified Acceptance Corp. sticker, is the
second-finest PCGS-certified example of this one-year type, and
Heritage’s offering represents its first public auction appearance
since 1890. It comes from a total mintage of just 36,301 pieces,
delivered in March 1793.
PCGS and NGC’s
population reports show 28 Mint State Chain cents of all types.
Heritage writes that the provenance of the cent in the auction is
“among the finest of any United States large cent.”
The firm adds, “In January 1879, this coin was purchased at public
auction for $76 by Lorin Parmelee, the Boston bean baker who assembled
what is generally considered the finest U.S. coin collection of all
time. When the Parmelee Collection was sold in 1890, it would be the
last appearance of this coin at public auction.”
It later was included in the collections of Philadelphia coin dealer
Harlan P. Smith, and later Chicago brewer Virgil Brand. “When Brand’s
estate was parceled out before World War II, it passed through the
hands of two coin dealers before being sold to New York City
numismatist Oscar J. Pearl, whose collection of 1793 large cents was
called ‘undoubtedly one of the finest in existence.’ T. James Clarke
purchased this coin from the fixed price list of Pearl’s collection in
1944 for $850 and owned it for a decade before selling it to R.E.
‘Ted’ Naftzger, the most famous large cent collector of all time.
Naftzger held this coin for nearly 40 years, until he sold his
collection in 1992 and this coin sold to the present owner and has
remained off the market ever since.”
At Heritage’s 2012 FUN auction, the firm sold a different 1793
Flowing Hair, Chain cent of the same Sheldon 4 variety in William
Sheldon’s catalog of early large cents, graded PCGS MS-65 brown and
CAC approved, for $1,380,000.
Read about more highlights of the Heritage FUN auctions:
Seated Liberty dime among Heritage FUN auction highlights
certified 18th century gold half eagle among Heritage lots at FUN auctions