Editor's note: The following is one of two posts from Steve Roach
about the Jan. 8 Partrick collection auction at the Florida United
The dozen classic 1792 pattern coins from the Donald G. Partrick
collection sold for more than $10 million at Heritage’s Jan. 8 auction
held at the Florida United Numismatists show in Orlando.
In introducing the sale at the auctioneers’ podium, Heritage
president Greg Rohan said that Partrick was a collector who bought
quality at a time when everyone else was buying price, adding that the
collection represented a once-in-a-lifetime opportunity for bidders.
The market seemed to agree.
1792 Birch cent tops $2 million
Longtime Heritage auctioneer Bob Merrill commanded the podium as he
sold the patterns for a combined $10,530,350. The select group was led
by a 1792 Birch cent, numbered Judd 4 in the standard reference to the
series and graded Mint State 65 red and brown by Numismatic Guaranty
Corp., with a green Certified Acceptance Corp. sticker and an NGC ★.
The piece opened at $1.5 million and rose to a winning bid of $2.2
million, placed by dealer Kevin Lipton. Adding in Heritage’s buyer’s
fee, the total price realized for the coin was $2,585,000.
The coin was once part of the famed John Work Garrett Collection.
Heritage noted, “Without doubt set aside at the time of issue, careful
storage has preserved to full effect spectacular color and prooflike surfaces.”
Another Birch cent, Judd 5, MS-61 brown, sold for $564,000. It is
the finer of just two examples known of this variety, the other being
a Fair 2 piece that sold for $86,250 at a 2009 Heritage auction.
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