More than $6.385 million in rare coins traded hands at Kagin’s auction held in conjunction with the
American Numismatic Association National Money Show in Orlando, Fla.
Core collections in the auction included the Dr. Christopher Allan
Collection of Bechtler Coins, which is among the finest sets of this
North Carolina pioneer gold coinage ever assembled. With its home base
in the San Francisco area, Kagin’s has a particular expertise in
pioneer gold coins, including California gold, so it is only fitting
that the auction offered strong examples of these fascinating and
Here is one of three we profile in this Market Analysis:
Undated (1831 to 1834) C. Bechtler $2.50 pioneer gold coin, Mint
State 63, CAC sticker
Dr. Christopher Allan’s interest in North Carolina Bechtler coins
started by chance. As he shared in the catalog, “In the course of
developing some interest in Southern gold Dahlonega mint coins, one
day in 1980, I saw my first Bechtler coin, and I was hooked!” After
putting together a virtually complete set, he thought, “Perhaps it is
good for the hobby that I move on and give others a chance to obtain
some very good and interesting items for their collections.”
Connect with Coin World:
Sign up for
our free eNewsletter
Follow us on Twitter
The top lot of his collection was an undated (struck from 1831 to
1834) C. Bechtler $2.50 pioneer gold coin graded Mint State 63 by
Professional Coin Grading Service with a green Certified Acceptance
Corp. sticker. As Kagin’s writes regarding the hand-struck coin, “The
crudeness of the punch devices is a delight to behold in this day and
age of homogenized perfection.”
How to spot a counterfeit 1928 China ‘Auto’
dollar: Inside Coin World:
We at Coin World report often on fake U.S. coin rarities coming
from China, but not so often about fake Chinese coin rarities.
The lot description concluded, “Whether you appreciate this beauty
at arm’s length or under low magnification, you will come away knowing
that you have just seen something special, something that is liable to
make all others of its kind seem blemished or diminished in some way.”
Considered the finest-known of the Kagin-8, 75 G. Beaded Border
variety, it realized $123,375.
Keep Reading About Kagin’s Sale of Pioneer Gold Coins:
Gruber & Co. coin served a dual purpose when it was minted:
Clark, Gruber & Co. was a private minting firm in Denver that
manufactured gold issues dated 1860 and 1861.
1853 California gold half dollar
sold in Kagin’s auction features less common obverse design:
These coins are tiny compared to most California gold issues.
Struck in 1852, they were meant to compensate for the short supply
of silver coinage.