The more than a dozen relatively small, specialized firms that had
sales in June included Rago Auctions in New Jersey, with offerings
spanning a variety of interests and prices.
A common element uniting several of the sales was sculptor James
Earle Fraser (1875 to 1953), designer of the Indian Head 5-cent piece
in 1913, who also created many other beautiful objects including a medal honoring Theodore Roosevelt and a plaster for an unused but attractive cent design,
both also found in the June auctions.
Rago’s June 9 Coins and Collectibles auction offered seven of
Fraser’s popular 5-cent pieces, one being a 1937-D Indian Head,
Three-Legged Bison 5-cent coin.
1937-D Indian Head, Three-Legged Bison 5-cent coin, NGC AU-55
Inside Coin World: 1979-P Anthony, Wide Rim
dollar is scarce The “Readers Ask” column
explains how a 1979-P Anthony, Wide Rim (Near Date) dollar differs
from the more common 1979-P design, and "Collectors'
Clearinghouse" investigates several unusual brockages.
Leading Rago’s June 9 Coins and Collectibles auction in New Jersey
was a handwritten letter dated Dec. 16, 1793, signed by Treasurer
Alexander Hamilton in his capacity as “The President and Director of
the Bank of the U.S.” that brought $31,250. Rago’s numismatic director
Chris Wise said that the letter, from an anonymous consignor, had
heavy interest and surpassed its estimate of $7,000 to $9,000.
More approachable was the lot featuring the 1937-D Indian Head,
Three-Legged Bison 5-cent coin, graded About Uncirculated 55 by
Numismatic Guaranty Corp., that brought $1,200.
The reverse die was polished overzealously at the U.S. Mint, and
this polishing removed the front leg of the bison on the reverse
(although the hoof remained.) The popular variety is widely collected
by series specialists and nonspecialists alike.
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