For every massive coin auction presented by one of the major auction
firms, there are many smaller auctioneers around the country that also
have strong coin sales.
Steven L. Davis’ Michigan firm Numismatic Auctions LLC typically
holds two auctions a year, and its latest summer sale took place June
29 in Okemos, Mich. Unlike many auctioneers, Davis offers the majority
of his coins uncertified, letting bidders ultimately decide what a
coin is worth. His latest auction offered a huge range of U.S. and
world material, and literally had something for everyone and nearly
Here is one of three coins that we took note of.
1856 Flying Eagle cent, AU-50
Key dates performed strongly in the auction, including two 1856
Flying Eagle cents. The finer of the two was unslabbed, but
accompanied by an early ANACS certificate grading the About Uncirculated
coin AU-50/50. Before the widespread third-party encapsulation of
coins, ANACS employed a dual grade that provided separate numerical
grades for both the obverse and reverse.
The issue, while technically a pattern, is collected with
regular-issue coins and has widespread demand from collectors.
This one was described as potentially struck on a mildly porous
planchet with a couple of minor rim flaws, but with very sharp detail
remaining and hints of luster in the protected areas. The lot had
widespread interest from bidders and sold for $9,200, which is
consistent with what nice Extremely Fine 40 to 45 examples have
brought at recent auctions.
Keep reading this Market Analysis:
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