Bidders were willing to pay multiples of published estimates Dec. 18
to acquire certified U.S. gold coins from the Sierra Madre Collection
offered by GreatCollections.
The Sierra Madre Collection, according to GreatCollections President Ian Russell, was
assembled by its unnamed consignor primarily in the early 1990s during
a bull numismatic market.
Russell said that despite the coins being purchased by the consignor
at what was then the top of the market, the prices realized in the
Dec. 18 GreatCollections sale rose above those levels.
“When you have quality coins, they bring more money,” Russell said.
Old Green Holders
Of the 55 coins offered, 48 were graded and encapsulated by Professional Coin Grading
Service in “Old Green Holders” and seven are graded and
encapsulated by Numismatic Guaranty Corp. Fifty of the 55 coins
were subsequently stickered by Certified Acceptance Corp. for quality, which
included the two NGC-certified coins.
Of the 50 coins receiving CAC stickers, eight of the coins, all
PCGS-certified, received the gold label, with the remaining labels
The CAC green sticker signifies a coin meets CAC’s stringent grading standards.
The coveted gold CAC label means the coin is of “exceptional
quality” for the grade.
The 55 coins in the auction brought total prices realized of
$107,847. The prices realized include a 10 percent buyer’s fee added
to the closing hammer price of each lot won.
Russell said more than 1,400 bids were placed, combined, for the 55 coins.
Top coin in auction
Topping the list was an 1860-S Coronet gold $20 double eagle in an
old green holder from PCGS, graded About Uncirculated 53 and with a
CAC green sticker, that realized $8,800. The value listed in the PCGS
Price Guide for the date, Mint mark and grade was $3,600. In total, 47
bids were placed. The issue has a published mintage at the San
Francisco Mint of 544,950 coins.
An 1847 Coronet gold $5 half eagle, graded PCGS About Uncirculated
55, bearing a CAC gold sticker, realized $1,540 against a
Coin Values listing of $800 and a PCGS Price Guide value of $735.
The issue has a published mintage from the Philadelphia Mint of
It was followed by an 1847-O Coronet gold $10 eagle graded PCGS
About Uncirculated 50, also with a CAC gold sticker. The coin realized
$3,364.90 compared to a Coin World Coin Values listing of
$1,350 and a PCGS Price Guide value of $1,225.
A PCGS About Uncirculated 50 1851-O Coronet gold $10 eagle with CAC
green sticker realized $3,131.70 on a Coin World Coin Values
listing of $1,540 and a PCGS Price Guide price of $1,350.
See more results at the firm’s website, www.greatcollections.com/.