Heritage hosted the official auctions at the recent Long Beach Coin,
Currency, Stamp & Sports Collectible Expo. The firm’s auctions of
U.S. coins, world coins and paper money topped $20 million. American
large cents from the Padula Family Foundation Collection led the U.S.
coin portion, including the most expensive lot, a very rare 1795
Flowing Hair, Reeded Edge cent that sold for $192,000. While these
early American coppers attracted lots of attention, a trio of
relatively common coins from the 1940s in uncommonly high states of
preservation surpassed expectations, documenting the continued
strength at the top of the market for condition rarities in these
popular series. Here is one of that trio:
1945-S Walking Liberty half dollar, MS-67, CAC
Few U.S. coins are as beautiful as Adolph Alexander Weinman’s
Walking Liberty half dollar. The 1945-S issue saw a relatively high
mintage of more than 10 million coins, but in very top grades it is a
condition rarity in the series.
U.S. Mint welcomes a fourth metal to the
American Eagle bullion program.
Also in this week’s print issue of Coin World, we teach our readers
about what a “weak-fatty” gold coin is and why you don’t want one in
While solid Mint State 65 examples can be found for around $100,
and handsome MS-66 representatives might cost $200, the population
thins substantially in MS-67 with Professional Coin Grading Service
showing just 42 in its population report, with only two, each graded
MS-67+, numerically finer.
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Heritage’s Long Beach sale saw one of the prettiest PCGS MS-67
examples, also with a green Certified Acceptance Corp. sticker
indicating quality within the grade, sell for $9,000. More typical
examples in this grade have sold for $5,000 at recent auctions,
providing evidence of the premium that bidders placed on this example
that had rich rings of magenta and green-gold color at the
peripheries. The price reflected the implausibility of a collector
finding a finer one.