Oct. 1, Stack’s Bowers Galleries and Sotheby’s held a Rarities Auction
consisting of 135 lots of coins and other numismatic items that
totaled $2,993,230. Gold coins led the sale, but another highlight was
a classic bronze United States Diplomatic Medal by Augustin Dupré from
the Cardinal Educational Foundation Collection that realized $188,000.
After the sale Stack’s Bowers president Brian Kendrella said, “The
Pogue Collection sale the prior evening brought in some new faces, who
also participated in the Rarities Auction, and we were thrilled to
1796 Capped Bust, No Stars Gold $2.50 quarter eagle, MS-61,
Gold CAC sticker
The top lot of the post-Pogue II Rarities Auction was a 1796
Capped Bust, No Stars gold $2.50 quarter eagle graded Mint State 61 by
Professional Coin Grading Service with a gold Certified Acceptance
Corp. sticker. A gold CAC sticker is reserved for coins that could
“easily green sticker at the next highest grade level.”
Stack’s Bowers estimates that just 100 to 130 of the original
mintage of 963 pieces exists today, and of that group, only a dozen or
so survive in Mint State condition. It’s coveted as a one-year type
(stars were added to the obverse design later in 1796) and as the
first gold $2.50 quarter eagle.
It last sold at Stack’s Bowers’ August 2012 American Numismatic
Association auction where, in the same old-style PCGS holder, it
brought $402,500. A different example offered at the first Pogue
auction on May 19, 2015, graded MS-62 by PCGS, sold for $822,500.