Nearly $10 million in rare coins sell at Long Beach
- Published: Feb 18, 2013, 7 PM
Rare gold highlighted the results as Heritage Auctions’ 2013 February 7 -8 & 10 US Coin Signature Auction, held in conjunction with the Long Beach Coin and Collectibles Expo, realized over $9.8 million. All prices include a 17.5% Buyer's Premium.
Top honors in this auction went to a proof 1876 double eagle, pedigreed to the John Jay Pittman collection, and at Proof-64+ Deep Cameo the finest example of the date certified by PCGS. Only 12-15 examples of a mintage of only 45 coins are believed to exist today. This issue from our nation's centennial year sold for $152,750.
Taking up the next two spots in the results were a pair of round 1915-S Panama-Pacific $50 commemoratives. This ever-popular low mintage issue contains nearly 2.5 ounces of fine gold, and, along with the octagonal coins issued the same year, is the only $50 commemorative ever issued by the US. The finer of the two coins, an MS66 example surpassed in grade by only one coin at NGC, sold for $146,875, while the MS65 example sold for $123,375. This auction also featured two examples of the octagonal Panama-Pacific issue; these sold for $82,250 and $70,500respectively.
As might be expected, outstanding silver rarities also brought outstanding prices, with an 1838 Gobrecht dollar restrike with plain edge selling for $123,375. Some sources indicate that there may be as many of twelve examples of this coin in existence; however, the issue may be much rarer, as Heritage was only able to trace five. These pieces are believed to have been produced between 1873 and 1876.
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