Legend Rare Coin Auctions continued to enjoy success in achieving
massive prices for rainbow toned Morgan dollars at its latest Regency
Auction XX, held Jan. 26 as part of the Professional Coin Grading
Service Member’s Only show in Las Vegas, Nev.
Collectors prize Morgan dollars displaying all of the colors of the
rainbow, and the Northern Lights Collection includes many of the
finest examples ever seen. More dollars from the collection are set to
be offered in Legend’s Regency Auction XXI on May 18 at Harrah’s in
New Orleans, which will also include additional Standard Silver
patterns from the collection of Bob Simpson.
Here is one of the three lots profiled in this latest Market Analysis:
1870 Standard Silver pattern dime, Proof 64
The standout consignment in the auction was Texas businessman Bob
Simpson’s offering of 85 Standard Silver patterns from his vast
pattern collection. The patterns were part of a proposal to support
the redemption of fractional currency notes with coins that contained
less silver than contemporary circulating coins. Legend principal
Laura Sperber said after the sale, “It was exciting to see the
extremely enthusiastic bidding — especially in a series that has been
overlooked for so long!”
Connect with Coin World:
Sign up for
our free eNewsletter
Follow us on Twitter
It is a vast but relatively unpopular area, and the Standard Silver
pattern series provides opportunities for collectors because many are
Among these was an 1870 Standard Silver dime, listed as Judd 850 in
United States Pattern Coins by J. Hewitt Judd, graded Proof
64 by PCGS. It sold for $1,233.75, a bit below the pre-sale low
estimate of $1,250. Both sides showed deep toning and Legend described
the overall eye appeal as “okay.”
More Eye-Catching Coins Sold at Regency Auction XX:
Does Liberty have
‘freckles’? She does on this toned Morgan dollar:
The price paid for this toned 1881-S Morgan dollar is roughly 50
times what a typical MS-66 Prooflike example might sell for.
‘Wow’-worthy, rainbow-toned Morgan
dollar tops $19,000 in recent auction:
Legend’s auctions are well-known for showcasing rainbow toned
Morgan dollars, which are growing in popularity with collectors.
This one is remarkable.