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Category: Bowers and Merena

Bowers and Merena and Ponterio Realize More than $8.5 Million at Rare Coin and Currency Auctions in Baltimore

Bowers & Merena U.S. Coin and Currency Sales Exceed $7 Million

Record-setting Sale of 1901-S Barber Quarter

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, continues its long-standing and successful partnership with the Whitman Coin & Collectibles Baltimore Expo. As Official Auctioneer of the March 2010 expo, Bowers and Merena realized more than $8.5 million in U.S. and foreign, coin and currency sales. Prices realized for U.S. coins exceeded $5.5 million while U.S. currency accounted for a further $1.3 million of the total, for a combined U.S. prices realized of more than $7 million.

“We conducted a highly successful auction in Baltimore with strong bidder participation in all sessions,” concluded Bowers and Merena president Steve Deeds. “A trio of fresh, original rarities led the way by bringing particularly strong prices. Offered as lot 737, the finest PCGS-certified 1901-S Barber Quarter in MS-68 went to the winning bidder at a record-setting $327,750. Part of the same consignment, a very rare proof striking of the 1879-O Morgan Dollar (lot 3104, PCGS Proof-64, OGH–First Generation) sold for $184,000 and a beautiful, premium-quality 1915-S Pan-Pac $50 Round in PCGS MS-66 traded for $281,750. The Pan-Pac $50 is a pop 1/0 coin and was featured as lot 3473 in our catalog.”

Continued Deeds: “The Cuyahoga Collection of Charlotte and Dahlonega Mint Gold also performed very well in our March Baltimore Auction. Important rarities from this high-ranked NGC Registry Set include lot 3739, an 1839-C Liberty Half Eagle in NGC MS-63 that realized $126,500 and lot 3609, an 1849-C Liberty Quarter Eagle certified MS-65 by NGC that changed hands at $103,500.”

“Bowers and Merena’s sale of U.S. currency at the March 2010 Baltimore Expo was also impressive,” noted director of currency auctions Matthew Quinn. “Noteworthy prices were realized by lot 1379, a Fr. 282* 1923 $5 Silver Certificate Star Note graded Superb Gem Uncirculated 67 EPQ by PMG that went for $41,688 and lot 1982, a spectacular ‘$15’ double-denomination error on a Fr. 1960-D 1934D $5 Federal Reserve Note certified Very Choice New 64 PPQ by PCGS that traded hands for $21,850.”

Additional highlights from the Bowers and Merena March 2010 Baltimore Auction include:
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Finest PCGS Certified 1915-S Panama-Pacific $50 Round Gold Commemorative to be sold in Baltimore

The highest-denomination Commemorative coins ever struck in the United States Mint, the 1915-S Fifty-Dollar gold pieces were produced for sale at the Panama-Pacific International Exposition held in San Francisco in 1915. Ostensibly held to celebrate the completion and opening of the Panama Canal, the Exposition also provided the city of San Francisco with an opportunity to showcase its revival after the devastating earthquake of 1906.

The Fifty-Dollar gold pieces were authorized by Congress with a specified mintage of 3,000 coins. This figure is further subdivided into 1,500 examples each for the octagonal and round types. Both exhibit essentially the same design, the obverse with a bust of the goddess Athena (Minerva in Roman mythology) wearing a crested helmet pushed back on top of her head. The goddess holds a shield upon which is inscribed the date 1915 in Roman numerals MCMXV. The field above the central device is inscribed with the motto IN GOD WE TRUST, the legend UNITED STATES OF AMERICA is above and the denomination FIFTY DOLLARS is below. The use of Athena is due to her status as the goddess of wisdom, skill, agriculture, horticulture, spinning and weaving–all of which are critical to the economy of California.

The reverse depicts Athena’s owl–symbol of wisdom–perched atop a branch of ponderosa pine. The Latin motto E PLURIBUS UNUM is present in the field behind the owl, the inscription PANAMA-PACIFIC EXPOSITION is above and the city SAN FRANCISCO is below. The octagonal pieces, but not the round coins, display an extra inner border with a dolphin device that signifies the continuous waterway created through the opening of the Panama Canal. The coin’s designer is Robert Aitken.

The price for Exposition attendees was $100 per Fifty-Dollar gold coin, a sum that also entitled the buyer to an example of the Panama-Pacific Half Dollar, Gold Dollar and Quarter Eagle at no extra charge. A complete five-piece set could be had for $200. These asking prices were apparently too high, however, and many examples of both the octagonal and round Fifties were eventually melted as unsold. The net mintage for the octagonal variant is just 645 coins, while that for the round type is a mere 483 pieces.

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Bowers and Merena to Offer 1879-O Class I Branch Mint Proof Morgan Dollar In Baltimore

The Second Finest of Only Four Specimens Known to Exist

Easily the rarest and also among the most popular Morgan Dollars with advanced collectors are the branch mint proofs–coins that are so rare, in fact, that many numismatists have never even seen one of these specimens, let alone been confronted with the opportunity to add one to their holdings.

Writing in the 1982 book The Morgan and Peace Dollar Textbook, Wayne Miller enumerates five classes of branch Mint proof Morgan Dollars. The claim that an individual issue has to branch mint status decreases as the class # increases; the Class V pieces, in fact, being described by Miller as, “coins rumored to be branch mint proofs which the author has seen and which are definitely not proofs.”

On the other end of the scale are the Class I branch mint proofs, which Wayne Miller describes as, “authorized, definite branch mint proofs. These are the…dates for which proofs were authorized and subsequently issued [emphasis author’s].” Only four branch mint proof Morgan Dollars qualify as Class I: 1879-O; 1883-O; 1893-CC; and 1921-S.

The 1879-O is perhaps the best known Class I branch mint proof Morgan Dollar, and it is also among the most instantly recognizable of all branch mint proof coins regardless of type or issue. Considerable documentation exists for the creation of these coins, according to which a mere 12 specimens were struck on February 20, 1879 to commemorate the reopening of the New Orleans Mint (the facility had ceased production in 1861 at the onset of the Civil War). Of the original 12 coins struck, only four specimens are known to exist. (more…)

Finest-Known 1901-S Barber Quarter to be sold by Bowers and Merena in Baltimore

This is the undisputed “King of Barber Coinage,” the rare and eagerly sought 1901-S Quarter. The San Francisco Mint struck a mere 72,664 Quarters in 1901, which snatched the record low mintage for the Barber series from the hands of the 1896-S (188,039 pieces produced).

This record would remain intact until 1913, when the San Francisco Mint delivered a mere 40,000 Quarters. The 1901-S is much rarer than the 1913-S in all grades, however, for the issue was saved in far fewer numbers by the contemporary public.

Indeed, little interest seems to have been taken in the 1901-S Quarter at the time of its production, especially numismatic interest. What interest there was in the 1901-S seems to have been focused entirely on the issue’s usefulness as a circulating medium of exchange. And circulate these coins did, many of the 72,664 pieces being lost in the process and most survivors displaying heavy wear. As with most issues in the various Barber coin series, in fact, the only 1901-S Quarters that are seen on a fairly regular basis in numismatic circles are low-grade pieces in AG, Good and VG.

Even at the lower reaches of the numismatic grading scale, however, the limited mintage guaranteed that the 1901-S would be a scarce coin in an absolute sense. Rarity increases exponentially through the Fine, VF, EF and AU grade levels, at which point we find ourselves at the Mint State portion of the grading scale. Here the 1901-S is very rare, the small number of such pieces known to exist having survived almost purely as a matter of chance.

The B&M cataloger has never seen a 1901-S Quarter with the technical merits and eye appeal of this awe-inspiring Superb Gem. This is the single highest-graded 1901-S Barber Quarter known to PCGS, and the coin fully deserves every bit of honor that derives from this important standing. (more…)

Bowers and Merena To Auction Exceptional Banknotes In Baltimore

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, is preparing another phenomenal sale as the Official Auctioneer of the March 2010 Whitman Coin & Collectibles Baltimore Expo.

A particularly diverse and important selection of United States currency is on hand for the auction–so many notes, in fact, that the firm will be preparing a separate, stand-alone catalog comprised only of United States paper money.

The notes will be auctioned March 2-6, 2010, as part of the Bowers and Merena Official Baltimore Auction offering rare United States and International coins, currency and banknotes. Ponterio & Associates, division of Bowers and Merena, will present the world and ancients auction of coins and currency.

“Our March 2010 Baltimore Auction promises to be an especially memorable event as far as paper money collectors are concerned,” opined Steve Deeds, president of Bowers and Merena. “We are assembling a complete catalog dedicated to United States currency, a definite highlight of which is a profound condition rarity Fr. 1700 1933 $10 Silver Certificate. A breathtakingly beautiful example, this note has been certified Gem Uncirculated 65EPQ by PMG.”

Matt Quinn, directory of currency auctions, added, “Another small size Silver Certificate highlight in this sale is a Fr. 1608 1953A $5 note in PCGS Superb Gem New 67PPQ with a captivating serial number F00000001C. And not to be outdone in our March 2010 Baltimore Auction are the large size Silver Certificates, which include an extremely rare Fr. 282* 1923 $5 Silver Certificate Star Note that PMG has certified as Superb Gem Uncirculated 67EPQ.” (more…)

Bowers and Merena Kicks Off 2010 With Successful Orlando Coin Auction

Bowers and Merena, America’s premier rare coin and currency auction house, kicked off what promises to be an exciting year with its January 2010 Orlando Rarities Sale. The sale, with nearly 1,000 lots of rare and enticing United States, Colonial and Territorial gold coinage, was conducted in a single session on January 5. Total prices realized for the auction is in excess of $2.5 million.

bm_fun_10_stella“We had a strong turnout among bidders in our Orlando Rarities Sale,” stated Bowers and Merena president Steve Deeds, “and prices realized for many lots reflected collectors’ interests in rare, difficult-to-find coins in premium-quality condition. The stand-out highlight of the sale is lot 743, an 1879 Judd-1635 Flowing Hair Stella certified Proof-66 Cameo by NGC. The dazzling rarity traded hands for $182,500.”

“Another gold coin that performed very well is lot 747, an 1802/3 Half Eagle MS-65 * NGC,” continued Deeds. “This sharply struck, Condition Census rarity brought $115,000 at auction.”

Said Deeds: “United States gold coins were not the only strong performers in our Orlando Rarities Sale. Early Copper specialists made their voices heard by driving the realized price for lot 27 to an impressive total of $25,300. The coin in that lot is a fresh, new-to-market example of the rare S-264 Large Date, Small Fraction variety of the 1803 Draped Bust Cent. We sold the coin as a PCGS VG-10.”

“And in the Territorial gold section of our Orlando Rarities Sale we were pleased to present lot 695,” observed Deeds. “A unique variety of the 1851 K-2 Augustus Humbert $50 Gold, this PCGS-certified AU-55 is missing the digits 88 in the inscription 880 THOUS on the obverse scroll. We saw particularly fierce competition between two interested bidders, and when the dust settled the winner earned the right to take this important coin home at $115,000. (more…)

Bowers and Merena 2010 Orlando Rarities Coin Auction Includes Humbert $50 Error

Important U.S. Coins to Cross Auction Block in January

humbert_error_bm_121109Bowers and Merena Auctions, America’s leading rare coin and currency auction house, will commence its 2010 auction schedule with the Orlando Rarities Sale. The auction will be conducted on Tuesday, January 5, 2010, beginning at 6 p.m. ET at the Doubletree Resort-Orlando International Drive. Pre-sale lot viewing will take place in the same location January 3 to 5 from 9 a.m. to 6 p.m. each day.

“2010 promises to be another exciting year for Bowers and Merena,” remarked Steve Deeds, president of the firm. “The year will certainly begin on a high note with our eagerly anticipated Orlando Rarities Sale. Many important coins are included among the highlights of this sale, and bidding promises to be spirited for all U.S. coin series and types.”

Continued Deeds: “Among the leading rarities set to cross the auction block in our Orlando Rarities Sale is an 1851 Augustus Humbert Fifty-Dollar gold piece with an extremely important, previously unknown engraving error.

humbert_error_details_121109Nominally an example of the Kagin-2 Lettered Edge variety—itself a scarce variety with a Rarity-5 rating—this particular piece is missing the digits 88 in the inscription 880 THOUS, resulting in a partially blank scroll on the obverse above the eagle.

A discovery piece that has been certified AU-55 by PCGS, this coin is sure to warrant the undivided attention of Territorial gold specialists.”

Deeds also called attention to highlights in the regular issue United States silver- and gold-coin series. “We will also be presenting a low-mintage 1916 Standing Liberty Quarter graded MS-65 Full Head by NGC, an elusive 1796 Draped Bust, Small Eagle Half Dollar of the 16 Stars variety in PCGS/CAC VG-10 and an exquisite 1879 Flowing Hair Stella rarity that NGC has certified as Proof-66 Cameo.” (more…)

Classic Rarities Perform Extremely Well At Bowers and Merena Baltimore Rare Coin Auction

Bowers and Merena Realizes More Than $8 Million in Official November Baltimore Auction

1830_5_bm_112309Bowers and Merena Auctions, America’s premier rare coin and currency auction house, continues to bring success to its consignors as the Official Auctioneer of the Whitman Coin & Collectibles Baltimore Expo. The 6,000+ lot auction conducted November 12-14, 2009 realized more than $8 million, with U.S. coin and currency sales totaling $5.8 million, and Ponterio & Associates netting $2.1 million in world coin and banknote sales.

“We were thoroughly impressed with the bidder participation in our November 2009 Baltimore Auction,” stated Steve Deeds, President of Bowers and Merena. “Bidding was spirited for both classic rarities and exceptionally high-grade coins, particularly fresh and original pieces that had been off the market for a considerable amount of time. The Dr. Alfred R. Globus Collection led the way for many U.S. coin series and types, and it achieved the record price for the auction when the 1830 Capped Head Left Half Eagle in PCGS MS-65 traded hands for $241,500. This important early Half Eagle, offered as lot 3685, realized nearly 40% more than the Coin Dealer Newsletter bid of ‘$173K’ for the 1830 Half Eagle in MS-65 as reported in the September 11, 2009 edition of CDN Quarterly III.”

Continued Deeds: “Another classic rarity from the early U.S. Half Eagle series that performed very well in the November Baltimore Auction is the 1821 Capped Head Left Five that brought $112,125 as lot 3684. That coin is certified AU-53 by PCGS, and it is one of only 15-20 examples known for the issue.”

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Bowers and Merena Baltimore Auction to Feature over 6000 Lots of US and World Coins

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, will bring more than 6,000 lots of fine coins and currency to Baltimore, Md., for the Official Auction of the Whitman Coin & Collectibles Baltimore Expo scheduled for November 10-14, 2009.

1830_5_bm_102109There are nearly 2,600 U.S. lots and close to 3,500 World lots. The auction will take place at the Baltimore Convention Center and begins with lot viewing Tuesday, November 10, through Saturday, November 14, coinciding with the seven-session auction on Thursday, November 12, through Saturday, November 14. The complete auction and lot viewing schedule is available at www.bowersandmerena.com.

“Bowers and Merena has presented many successful auctions in 2009, including two earlier Official Baltimore auctions and two Official ANA auctions, and I am very pleased to finish 2009 with our largest auction of the year by number of lots crossing the block,” said Steve Deeds, president of Bowers and Merena auctions. “With more than 6,000 lots in the auction, including the incredible Globus Collection and many highlights, this is an auction that will offer something for everyone, be it U.S. or World, coins or currency.”

The spotlight lot of the auction is lot 3685, a High Condition Census 1830 BD-1 Half Eagle, a Gem example of a rare and seldom-offered issue. Cataloged as 1830 BD-1, HBCC-3156, Miller-158. Rarity-6. Large 5D. MS-65 (PCGS), this fine specimen is part of The Dr. Alfred R. Globus Collection of U.S. and World Coins. The extant population for the 1830 Five is a mere 55-75 coins (per John W. Dannreuther, 2006), the vast majority of examples having been wiped out through the widespread melting that claimed most pre-1834 U.S. gold coins. The two die marriages are fairly similar in rarity, although a slight edge goes to BD-1 with only 25-35 coins known to exist. As a fully lustrous and minimally abraded Gem, this gorgeous BD-1 example is high in the Condition Census for both the issue and the die pair, with a PCGS Populations of just one and a mere two finer, both of which grade MS-66.

Dr. Alfred R. Globus was one of America’s most renowned numismatic collectors. In addition to the 1830 Capped Bust Half Eagle, Bowers and Merena will present several hundred U.S. and World lots from his collection, including these impressive highlights: (more…)

Ponterio & Associates Offers Extensive Selection of World Banknotes Auction This November in Baltimore

Ponterio & Associates, a division of Bowers and Merena Auctions, will bring 1,250 lots of world paper money to Baltimore, Md., as part Bowers and Merena’s Official Auction of the Whitman Coin and Collectibles Baltimore Expo scheduled for November 10-14, 2009. The auction will take place at the Baltimore Convention Center and includes an impressive world catalog presented in four sessions.

bm_bank_persiaCurrency highlights include more notes from the popular “East Bay Collection” set to cross the auction block. One of the notable countries with an impressive variety is Iran, which will be illustrated by many Imperial Bank of Persia issues, always sure to garner considerable attention. One of the highlights of the Iranian notes is a 20 Tomans 1925 Pick-15 in a strikingly original Very Fine grade.

More impressive notes will be displayed from countries of the British Commonwealth with a lovely selection of Straits Settlements highlighted by a Pick 12a Fifty Dollar note in an attractive Fine grade. Other countries of interest offering a pleasing assortment of scarce to rare notes includes Brazil, Canada, China, Columbia, Costa Rica, Danzig, Great Britain, Ireland, Italy, Russia, and Scotland. In addition, several other scarce to rare notes will be offered which include many stunning issued and specimen pieces from tough locations and issuing authorities.
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Bowers and Merena Realizes Over $2.5 Million in Philadelphia Expo Pre-show Coin Auction

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, presented the Official Pre-show Auction of the Whitman Coin & Collectibles Philadelphia Expo on September 22, 2009. The two-session auction realized $2,520,460.

bm_lord_balt_092109“Philadelphia was a wonderful choice for this Whitman show and Bowers and Merena’s pre-show auction,” said Steve Deeds, president of Bowers and Merena. “The city is so rich in American history which lends itself to the real nature of what we do in numismatics, and we were very fortunate to be able to present an extensive selection of rare Colonial and Early Federal Era coinage that was very much in keeping with this historic theme. The turnout was great and we are very pleased with our results.”

A highpoint of the day came early with lot 15, an undated (circa 1659) Lord Baltimore Shilling graded MS-61 by PCGS, the Eliasberg Specimen, which realized an impressive $57,500. A definite highlight of the extensive Colonial-era coinage that Bowers and Merena offered in the sale, this Lord Baltimore Shilling is the highest graded by PCGS and may very well be the finest-known example of the type.

Additional highlights include:

Lot 12 1652 Massachusetts Bay Colony Pine Tree Shilling. Large Planchet. W-740, Noe-8, Crosby 1b-D. $43,700

URS-9.Monogrammed NE in Legend. MS-64 (PCGS).
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Bowers and Merena’s Upcoming Philadelphia Coin Auction Highlights 1652 Willow Tree Shilling

Auction Spotlights Remarkable 1652 Massachusetts Bay Colony Willow Tree Shilling

bm_willow_tree_090209Bowers and Merena Auctions will bring nearly 1,500 lots of fine coins to Philadelphia, Pa.., for the Official Pre-show Auction of the Whitman Coin & Collectibles Philadelphia Expo set for September 21-22, 2009. The auction will take place at the Pennsylvania Convention Center and begins with lot viewing Monday, September 21, and Tuesday, September 22, followed by the two-session auction on Tuesday at 2 p.m. and 6 p.m. EDT.

“Bowers and Merena has had the privilege for many years to present the Official Baltimore Auction with Whitman, so we are very pleased for this opportunity to work with them in Philadelphia as the Official Pre-show Auctioneer,” said Steve Deeds, president of Bowers and Merena. “Whitman produces excellent coin shows. And Philadelphia is rich in history and tradition, really two of the cornerstones of numismatics.”

The auction will present an important selection of rare Colonial and Early Federal Era coinage. Of special note is lot 10, a remarkable 1652 Massachusetts Bay Colony Willow Tree Shilling, the Clark-Wurtzbach-Wiseman Specimen of this extremely rare type and the finest certified by PCGS at AU-58. Limited press runs combined with a high rate of attrition explain the extreme rarity of Willow Tree Shillings in numismatic circles. “This particular example is superior to most and represents an important find for the specialist,” said Deeds. “For the type, it is hard to imagine a more visually appealing, technically sound, and desirable representative of this rare and historic issue from the earliest era of coinage operations in Colonial America, and Philadelphia is a very fitting venue to present it at auction.”

Another Colonial Era highlight is lot 44, a historic 1776 Continental Dollar, a beautiful, high-grade pewter striking of the EG FECIT variety in PCGS MS-64 with the CAC designation. PCGS Population is 10 and only four are finer in
MS-65.The Continental Currency pieces (or Dollars) are among the most historically significant and important coins ever struck within the borders of what is now the United States of America. W-8460 as represented in this lot is easily attributable by the addition of the inscription EG FECIT on the band below the central-obverse device.
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BOWERS AND MERENA AUCTIONS NAMES MATTHEW QUINN DIRECTOR OF CURRENCY AUCTIONS

Matt QuinnBowers and Merena Auctions today announced that it has named Matthew Quinn as director of currency auctions. Quinn will work alongside notable currency specialist, Kevin Foley, consignment director and senior numismatist for rare currency for Bowers and Merena. The announcement comes on the heels of Bowers and Merena’s highly successful Official Auction of the American Numismatic Association World’s Fair of Money in Los Angeles in early August, which presented more than 500 U.S. and world banknotes, including a Rare 1870 Fr. 1162 $100 California Gold Bank Note that realized an extraordinary $207,000.

Quinn comes to Bowers and Merena from sister company Spectrum Currency where he worked at dealing banknotes, cataloging, auction processing, and enhancing dealer relationships. “Matt is an ambitious young talent in the industry who takes his passion for collectible paper money with serious detail,” said Steve Deeds, president of Bowers and Merena. “He has been working closely with Bowers and Merena on several auctions in recent months and he will surely be a valuable asset to our company and our consignors.”

Originally from New Hampshire, Quinn credits his initial passion for numismatics to his grandfather. “He introduced me to coins at a young age and provided me with my first Whitman books,” Quinn said. He added that he first learned the intricacies of U.S. banknotes from veteran currency dealer Donald Severance, and was inspired to pursue a career in numismatics and banknotes by seasoned currency expert Peter Treglia, both of whom he worked closely with during his time at Spectrum Currency.

Quinn became fascinated with the auction process while at Spectrum Currency as he assisted Bowers and Merena, enjoying cataloging U.S. banknotes and later adding world banknotes to his repertoire with the recent acquisition of Ponterio and Associates. “I’ve always strived to be the best I can be, and with numismatics you can never stop learning. I am really looking forward to this new direction and challenge,” Quinn said.

Bowers and Merena LA Coin Auctions Realize More Than $15 Million

Condition Census 1796 Small Eagle Quarter Shines in Bowers and Merena Auction

Bowers and Merena Auctions conducted its second of two official American Numismatic Association auctions for 2009 over five live sessions last week at the Los Angeles Convention Center as the Official Auctioneer of the ANA World’s Fair of Money. Teletrade Certified Coin & Currency Auctions, sister company to Bowers and Merena, served as the official online auctioneer for the show, conducting auctions on Sunday and Monday, August 9-10. Together they realized a total in excess of $15 million.

“It has been a tremendous opportunity to work with the ANA over this past year, first in Portland and especially now in our own backyard of Los Angeles. The ANA consistently presents a first rate show and it was a privilege to play such an important role in this event as the only official auctioneer,” said Steve Deeds, president of Bowers and Merena. “We are very pleased with the results of the auction. This was our second largest auction in the past five years by both value and number of lots, and under the present economy I think that speaks volumes.”

The standout highlight of the auction was lot 1018, a Condition Census 1796 Small Eagle Quarter, B-2, Rarity-3, graded MS-64 by PCGS and realizing an impressive $103,500. An issue that enjoys strong and unflagging demand among type collectors, the 1796 is the first Quarter struck in the United States Mint and the only one of the Draped Bust, Small Eagle design. Two die marriages are known, of which the High 6 B-2 combination is the more plentiful in numismatic circles. “Plentiful” is a relative term in this context, for the 1796 as an issue is a scarce coin when viewed in the wider context of U.S. numismatics. Mint State coins are rare, and they can actually be described as very rare from a market availability standpoint. Indeed, most high-grade examples are in tightly held collections and trade only once in a long while, with this prime example logged in with a PCGS Population (both die combinations) of only 7 with 8 finer through MS-67, yielding an exceptional realization.
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Bowers and Merena To Auction Globus Collection of US and World Coins at Baltimore Sale in Nov.

Official Auction of the Whitman Coin & Collectibles Baltimore Expo Will Feature Collection of the Late Dr. Alfred R. Globus

Bowers and Merena Auctions returns to Baltimore, Md., for the Official Auction of the Whitman Coin & Collectibles Expo scheduled for November 10-14, 2009. The auction will feature the collection of U.S. and world coins assembled by one of America’s most renowned numismatic collectors, Dr. Alfred R. Globus.

Dr. Alfred R. Globus was born July 1, 1920, in Brooklyn, New York. He received his Doctor of Science degree from Hanover College in Indiana and for a short time served as professor of biochemistry at Fairleigh Dickinson University. He licensed his first chemical process at age 20 for the electrolytic recovery of iron from iron ore, and just two years after that he formed the company that would later become United-Guardian, Inc. In 1943, he built a commercial plant for the production of vitally needed tungsten concentrates, and served as a consultant to the War Production Board during World War II. Dr. Globus served as the chief executive officer of United-Guardian for more than 60 years. Over those years he was granted at least 35 patents for the many products and processes that he developed. Dr. Globus passed away in April of 2009 at age 88.

“During his lifetime Dr. Globus was an avid collector of coins and stamps,” said Steve Deeds, president of Bowers and Merena. “He was known worldwide as an expert in both fields, and auctions of his coins over the years have brought intense interest on the part of expert collectors in the United States and overseas.”

Bowers and Merena will present Dr. Globus’ collection of U.S. and world coins in the November Official Baltimore Auction, consisting of several hundred lots. Spotlight coins include:

  • 1799 Capped Bust Right Half Eagle. Small Stars Reverse. MS-62 PCGS
  • 1826 (6 over ‘5’) Capped Bust Left Quarter Eagle. AU-55 PCGS
  • 1830 Capped Bust Half Eagle. MS-65 PCGS
  • China 10 Dollars, YR.1 (1916), FR.-3, Y-333, NGC-MS62
  • Denmark Ducat, 1746 Frederik V, 1746-1766, FR.-264, KM-552, NGC-MS62
  • Germany Saxony-Coburg-Gotha, 20 Marks, 1895-A, FR.-3853, Y-151, NGC-MS62

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1907 Rolled Edge Indian Eagle and Pedigreed Kellogg $20 Highlight B&M Auction

A 1907 Rolled Edge Indian Eagle, a gorgeous and conditionally rare representative of this classic issue in the 20th century gold series, will be offered in Bowers and Merena’s Official Auction of the American Numismatic Association World’s Fair of Money® at the Los Angeles Convention Center and online, August 5-8, 2009, with lot viewing August 1- 8. The auction will also spotlight one of the most important California Gold Rush-era coins produced in San Francisco, the unique Kellogg and Company specimen $20 territorial gold piece personally owned by former U.S. Assayer Augustus Humbert.

This 1907 Rolled Edge Indian Eagle, graded NGC MS-67, is one of the U.S. highlights offered by Bowers and Merena Auctions, August 5 - 8, 2009, during the Official Auction of the ANA World's Fair of Money in Los Angeles.     Photo credit: Bowers and Merena AuctionsListed in the auction catalog as 1907 Judd-1903 (Judd-1775), Pollock-1997, Rarity-5, Rolled Edge, it is described as “a bright, satiny piece” with a strike that is “characteristic of the issue, meaning that it is bold-to-sharp elsewhere yet noticeably soft in the center of the obverse.” The example boasts a Condition Census MS-67 Grade from NGC with a combined PCGS and NGC Population of just 6, 0 finer.

“This is one of only 42 potential examples to have survived the melting of the issue at the Philadelphia Mint, and three of these survivors are known to be in the Smithsonian Institution,” said Steve Deeds, President of Bowers and Merena (www.bowersandmerena.com). “It is very infrequent for any of these remaining specimens to appear at auction, so we fully appreciate how special it is to be able to present coin this coin to our bidding audience.”

The unique specimen striking of the 1854 Kellogg & Co. $20 Gold coin is graded PCGS Specimen-69 and is described in the auction catalog as “possessed of awe-inspiring eye appeal” with a strike that “is 100 percent complete over all the elements of the design.”

“This is the single most important twenty-dollar gold piece issued by Kellogg & Co.,” said Deeds. “It was struck on February 9, 1854, and given by John Glover Kellogg to Augustus Humbert, his friend and future business partner. It later was a highlight of the legendary Garrett Collection at The Johns Hopkins University in Baltimore for decades.”

The auction also includes other rare or even unique United States proof and pattern coins with impressive numismatic pedigrees. (more…)

BOWERS AND MERENA AUCTIONS REALIZES MORE THAN $4.2 MILLION IN BALTIMORE IN JUNE

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, returned to Baltimore for the second time in 2009 to present the Official Auction of the Baltimore Coin and Currency Convention at the Baltimore Convention Center June 10-13. The auction of the nearly 2,500 lots realized a total of $4,225,995 over three live sessions, plus the inaugural online session of the official Baltimore auction.

The standout highlight of the auction was lot 757, an 1876-CC Twenty-Cent Piece in PCGS AU-58 with a fascinating history, which realized $207,000. Believed to be one of perhaps just 12 to 20 examples known, this specimen was acquired in Virginia City, Nev., by Gold Rush “Forty-Niner” John Seagraves Pick and has been kept in the Pick/Jurgensen family for the last 133 years. As a PCGS AU-58, this important piece is the only circulated 1876-CC Twenty-Cent piece known to PCGS and NGC. It was also previously certified AU-58 by ANACS from a submission that dates to the early 1990s.

“We are very pleased with the results of the auction. We offered some exceptional coin and currency rarities, and presenting the 1876-CC Pick/Jurgensen Twenty-Cent Piece to the numismatic community for the first time ever was a memorable and historic highlight that I am very proud of,” said Steve Deeds, president of Bowers and Merena. “Whitman Expos put on an outstanding convention that was well attended by serious coin collectors, and it was our pleasure to be the official Baltimore auctioneer once again. And as we continue as the official Baltimore auctioneer, I am very excited to announce that with our next Baltimore auction in November, we will present a full day of world coin and currency sessions that will be presented by our world division, Ponterio & Associates.” (more…)

Desirable, Appealing Ancients and World Coins & Paper Money in Official ANA Auction

A wide selection of rare ancient and world coins will be offered in Bowers and Merena’s Official Auction of the American Numismatic Association World’s Fair of Money® at the Los Angeles Convention Center and online, August 2 – 8, 2009. Ponterio & Associates, Inc., a division of Bowers and Merena, will present the world sessions on Saturday, August 8.

One of the many highlights among the over 1,300 lots of desirable and appealing world coins is a Japanese undated (1860 – 1862) Manen oban (10 Ryo, 112.26 gms) with security edge (Fr. 7; JNDA-09-11; C24a2) in Extremely Fine condition.

“This is a beautiful specimen,” said Richard Ponterio, executive vice president of Bowers and Merena. “This Manen oban is the only type that was produced using machinery. Prior to this type obans were hand made. The use of obans halted shortly after the time of Commandore Perry forcing Japan to open its trade with the west in the mid 1800s.” (www.BowersandMerena.com).

Two other marquee coins in the ANA auction are a rare Year 3 (1911) “Long Whisker Dragon” Tientsin Mint China Pattern Dollar (L&M-28; Kann-223; KM-Pn-304), graded NGC AU-58, and a Macedonia Mende silver Tetradrachm (16.88 gms) ca. 425 B.C.

“This was struck from the same dies as described in the Noe-ANS Monogram #27 of 1926, “The Mende (Kaliandra) Hoard #70. It has a well struck reverse and nice metal quality with full border on the obverse. It depicts Dionysos ‘Bacchus’ the god of wine and grapes holding a cup of wine while reclining on a donkey,” explained Ponterio. (more…)

1870 $100 National Gold Note Highlights Currency in Official ANA Auction

More than 500 U.S. and world bank notes will be offered in the Official Auction of the American Numismatic Association World’s Fair of Money® conducted by Bowers and Merena Auctions at the Los Angeles Convention Center and online, August 2 – 8, 2009.

One of the many highlights is an 1870 $100 Gold National Bank Note, San Francisco Charter #1741, The First National Gold Bank (Fr. 1162), graded PMG Fine 12 Net (restorations).

“This classic rarity is one of only eight notes of this type in private hands, and one of three of this Friedberg number. Those others are in strong hands and not likely to become available in the foreseeable future. In fact, only three examples have been offered for public sale in the last decade and the latest example, nearly identical to this one, sold for $258,700 in 2007,” said Steve Deeds, President of Bowers and Merena (www.BowersandMerena.com).

“With collectors holding tightly to the others, we’re not sure when there will be another opportunity to acquire such a rare and elusive note.”

Three other 1870 National Gold Bank Charter #1741 notes are also being offered, $5 (Fr. 1136) PMG VF 30, $10 (Fr. 1142) PCGS Apparent VF 30, and $20 (Fr. 1172) PMG Very Good 10 Net. (more…)

Three 1876-CC Twenty Cent Coins Sell in Spring 2009; Fewer than Twenty are Known! (Part 1 – News & History)

by Greg Reynolds for CoinLink

The offering at auction of three different 1876 Carson City (Nevada) Mint Twenty Cent pieces between March 28 and June 11 is astounding. This issue is a legendary rarity, and there are just fifteen to nineteen known. The most curious piece of news, however, in regard to these offerings is that the same person, a Nevada coin dealer, acquired all three.

The physical characteristics and grades of these and other 1876-CC Twenty Cent pieces will be discussed in Part 2. Here in Part 1, recent news will be reported and basic information relating to 1876-CC Twenty Cent pieces will be introduced. Plus, historical issues relating to this coin issue and to the Carson City Mint in general will be briefly discussed. Finally, it will be explained that the departure of specific coins from a U.S. Mint need not be documented in order for the coins to be legitimate.

On June 11, in Baltimore, B&M auctioned an 1876-CC Twenty Cent piece that is graded AU-58 (on a scale from 01 to 70) by the Professional Coin Grading Service (PCGS). It brought $207,000.

On April 30, in Cincinnati, Heritage auctioned the Emery-Nichols-Lustig-Thomas 1876-CC for $460,000. It is PCGS graded MS-66, and is certainly among the four finest known. I acknowledge, though, that I have not seen it. Several experts have discussed it with me, including two past-owners of this coin.

The third recently offered 1876-CC did not sell on the date, March 28, that it was offered at auction, in Baltimore. Heritage and other auction companies allow bidders to buy, or offer to buy, unsold auction lots for a few days after each live auction ends. I recorded that, as of March 30, this 1876-CC was being offered at $345,000, on the Heritage website, with notice that any potential buyer had until the early morning of April 3 to commit to this $345,000 price, which I believe was the reserve at the auction. It did sell, via the Internet, under these circumstances, probably on April 1st or 2nd. (more…)

Bowers and Merena’s Auction in Baltimore Includes Legendary 1876-CC Twenty-Cent Piece with Five-Generation History

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, will bring nearly 2,500 lots of fine coins and currency to Baltimore, Md., for the Official Auction of the Baltimore Coin and Currency Convention scheduled for June 10-13, 2009. The auction will take place at the Baltimore Convention Center and begins with lot viewing Wednesday, June 10, through Friday, June 12, followed by the three-session auction on Thursday, June 11, at 6 p.m. EDT, and Friday, June 12, at 2 p.m. and again at 6 p.m. EDT.

The standout highlight of the auction is lot 757, an 1876-CC Twenty-Cent Piece in PCGS AU-58 with a fascinating history. Believed to be one of perhaps just 12 to 20 examples known, this specimen was acquired in Virginia City, Nev., by Gold Rush “Forty-Niner” John Seagraves Pick and has been kept in the Pick/Jurgensen family for the last 133 years. As a PCGS AU-58, this important piece is the only circulated 1876-CC Twenty-Cent piece known to PCGS and NGC. It was also previously certified AU-58 by ANACS from a submission that dates to the early 1990s.

The Pick/Jurgensen Specimen appears to have been acquired in circulation by John Seagraves Pick in 1876 and has been passed through five generations of his family, first to his son, John William Pick, who was born in Virginia City in 1872. He then passed it to his daughter, Virginia Pick Jurgensen, who was born in 1904 and survived the San Francisco earthquake when she was just two years old; she kept the coin for 47 years until her death in 1993, when it passed to her son Wilfred Pick Jurgensen. Upon Wilfred’s passing at age 74, the coin passed to his widow, Jean Lorraine Jurgensen, and son, Steven Frederick Jurgensen.

“This is a very special coin and it is an honor to offer it at auction to the numismatic world for the first time ever,” said Steve Deeds, president of Bowers and Merena. “Aside from the awesome rarity of the issue and the exceptional condition of this circulated example, its five-generation history tells a story that is rich with Americana and will be well appreciated by collectors and enthusiasts. The opportunity to acquire an example of the 1876-CC Twenty-Cent piece is infrequent, and the added story behind this particular specimen makes it even more extraordinary and sought after.” (more…)

Bowers and Merena To Offer Nearly 2,500 Lots in Baltimore

Bowers and Merena’s Official Auction of the Baltimore Coin and Currency Convention Includes Legendary 1876-CC Twenty-Cent Piece with Five-Generation History

1876-CC Twenty CentIRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, will bring nearly 2,500 lots of fine coins and currency to Baltimore, Md., for the Official Auction of the Baltimore Coin and Currency Convention scheduled for June 10-13, 2009. The auction will take place at the Baltimore Convention Center and begins with lot viewing Wednesday, June 10, through Friday, June 12, followed by the three-session auction on Thursday, June 11, at 6 p.m. EDT, and Friday, June 12, at 2 p.m. and again at 6 p.m. EDT.

The standout highlight of the auction is lot 757, an 1876-CC Twenty-Cent Piece in PCGS AU-58 with a fascinating history. Believed to be one of perhaps just 12 to 20 examples known, this specimen was acquired in Virginia City, Nev., by Gold Rush “Forty-Niner” John Seagraves Pick and has been kept in the Pick/Jurgensen family for the last 133 years. As a PCGS AU-58, this important piece is the only circulated 1876-CC Twenty-Cent piece known to PCGS and NGC. It was also previously certified AU-58 by ANACS from a submission that dates to the early 1990s.

The Pick/Jurgensen Specimen appears to have been acquired in circulation by John Seagraves Pick in 1876 and has been passed through five generations of his family, first to his son, John William Pick, who was born in Virginia City in 1872. He then passed it to his daughter, Virginia Pick Jurgensen, who was born in 1904 and survived the San Francisco earthquake when she was just two years old; she kept the coin for 47 years until her death in 1993, when it passed to her son Wilfred Pick Jurgensen. Upon Wilfred’s passing at age 74, the coin passed to his widow, Jean Lorraine Jurgensen, and son, Steven Frederick Jurgensen. (more…)

Bowers And Merena Auctions To Reopen Direct Buying & Selling Division, Bowers And Merena Rare Coin Galleries

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, is reopening its direct buying and selling division under the name Bowers and Merena Rare Coin Galleries. Bowers and Merena Auctions, a Spectrum Numismatics International company, has acquired sister company North American Certified Trading (NACT) and will now offer expanded direct buying and selling of exceptional quality rare coins.

Bowers and Merena Rare Coin Galleries will offer all of the buying and selling functions of NACT, with the added benefit of the auction services that have made Bowers and Merena an industry leader for 25 years. The new company will continue to specialize in coins that help diversify clients’ holdings, while offering superior long-term appreciation potential. In addition, Bowers and Merena Rare Coin Galleries will offer precious metals for clients who wish to diversify their holdings with gold, silver and platinum coins.

“This is a tremendous opportunity for NACT clients as well as Bowers and Merena clients to find the very best fit for their buying and selling needs, whether that is through auction or direct sales,” said Steve Deeds, president of Bowers and Merena Auctions.

“We are happy to report to NACT clients joining us at Bowers and Merena that they will be working with their same representatives from NACT who have moved to this new company, so the transition should be seamless and comfortable. They can start enjoying the increased benefits of Bowers and Merena Rare Coin Galleries right away.”

Bowers and Merena Auctions was founded in 1983 and has grown to become the world’s preeminent numismatic auctioneer with more than half a billion dollars in rare coin and currency sales. They have been awarded the prestigious honor of Official Auctioneer for the 2009 American Numismatic Association Conventions in Portland and Los Angeles, in addition to their continued service as Official Auctioneer of the Baltimore Coin and Currency Conventions three times every year. (more…)

Bowers And Merena Shines In March With Two Standout Auctions

Bowers and Merena’s Official Auctions of the Baltimore Coin and Currency Convention and the ANA National Money Show Realize Nearly $10.5 Million

1870-CC Double Eagle and 1892-S Morgan DollarIRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, made an outstanding showing in March with two impressive auction successes. Most recently, Bowers and Merena presented its first Official Auction of the Baltimore Coin and Currency Convention for 2009 on March 26-27, continuing their long tenure as official Baltimore auctioneer. The Baltimore auction realized $8,026,977. The Official Auction of the ANA National Money Show held March 12-13 in Portland, Ore., realized $2,468,258, and is the first of Bowers and Merena’s two official auctions for the American Numismatic Association conventions of 2009.

The big winner overall was Baltimore lot 3909 from the Southerly Collection, an outstanding Choice AU 1870-CC Double Eagle Winter 1-A graded AU-55 by NGC. The single highest-graded example of this famous frontier-era rarity known to PCGS and NGC, it realized $414,000 after a session of spirited bidding. Also adding to the great success of the Southerly Collection was the sale of lot 3786, a highly elusive 1797 Capped Bust Right Eagle, Small Eagle, BD-1, HBCC-3175, Taraszka-7, Rarity-5, graded MS-61 by NGC, which realized $149,500. Lot 3783, a 1795 Capped Bust Right Eagle, BD-1, HBCC-3169, Taraszka-1, Rarity-3+ 13 Leaves in PCGS MS-62, realized $115,000 for the Southerly Collection.

The Essex Collection of Morgan Dollars offered more than 100 breathtaking Morgans and was also extremely successful, topped off by the sale of lot 3328, an 1892-S Morgan Silver Dollar graded MS-66 in a PCGS Old Green Holder that realized an exceptional $201,250. It was followed by lot 3336, an 1893-S Morgan Silver Dollar in PCGS MS-63 that realized $143,750, and lot 3354, an 1895-O Morgan Silver Dollar graded MS-65 by PCGS and realizing $126,500. (more…)

BOWERS AND MERENA SHOWCASES TWO EXTRAORDINARY COLLECTIONS IN BALTIMORE

Bowers and Merena’s Official Auction of the Baltimore Coin and Currency Convention in March Includes Choice AU 1870-CC Double Eagle as Part of the Southerly Collection

1797 Small Eagle $10IRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, makes its first trip to Baltimore in 2009 for the Official Auction of the Baltimore Coin and Currency Convention set for March 24-28. The auction will take place at the Baltimore Convention Center and begins with lot viewing Tuesday, March 24, to Friday, March 27, followed by the three-session auction on Thursday, March 26, at 6 p.m. EDT, and Friday, March 27, at noon and again at 6 p.m. EDT.

The auction is highlighted by two standout, multi-million-dollar collections. The Southerly Collection offers a variety of distinguished coins including a top-notch Choice AU 1870-CC Double Eagle as lot 3909. This 1870-CC Winter 1-A is graded AU-55 by NGC and is the single highest-graded example of this famous frontier-era rarity known to PCGS and NGC. Also raising the bar in the Southerly Collection is a highly elusive 1797 Small Eagle Ten. At lot 3786, this 1797 Capped Bust Right Eagle, Small Eagle, BD-1, HBCC-3175, Taraszka-7, Rarity-5, is graded MS-61 by NGC and represents the rarest of only three issues in the Small Eagle Capped Bust Right Ten-Dollar gold series. NGC Census reports just six, with a mere four finer through MS-63. Lot 3785 is a very rare 1796 Capped Bust Right Eagle, BD-1, HBCC-3174, Taraszka-6, the only known dies, Rarity-4, in NGC MS-61, boasting a population of just nine with just six finer through MS-63.

(more…)

Bowers and Merena Auction is Highlighted by Exceptional 1854 and 1855 Gold Dollars

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, premieres its first of two official American Numismatic Association auctions for 2009 this March. The auction will take place at the Oregon Convention Center in Portland, and begins with lot viewing Wednesday, March 11, to Friday, March 13, followed by the two-session auction on Thursday, March 12, at 6 p.m. PST and Friday, March 13, at 6 p.m. PST.

Gold DollarsThe top lot in Bowers and Merena’s Official Auction of the ANA National Money Show™ is lot 1455, the Pittman Specimen of the Proof 1854 Type II Gold Dollar graded Proof-64 Deep Cameo by PCGS, an extraordinary rarity in the U.S. gold coin series with just four specimens known to exist. Two of the proof 1854 Type II Gold Dollars known are impounded in museum collections, and as such, only two specimens are available for private ownership, including this example being offered in Portland.

“This is one of the most rare and important proof gold offerings of all time from Bowers and Merena Auctions,” said Steve Deeds, president. “The collector who purchases this lot will be joining a highly select group of numismatists. Only a handful of collectors have ever had the opportunity to own a proof 1854 Type II Gold Dollar, and some notably absent from the list of previous owners of these coins are numismatic luminaries such as Louis E. Eliasberg, Sr., Floyd T. Starr, Ed Trompeter and Harry W. Bass, Jr. This is a very special coin and quite a pleasure to present it at our first official ANA auction of the year.”

An exciting complement to the 1854 is lot 1458, a jaw-dropping 1855 Type II Gold Dollar, a fresh PCGS MS-67. The coin offered in this lot – an example of the Philadelphia Mint’s 1855-dated delivery – ranks high in the Condition Census for not just the issue, but the type as a whole. In fact, this coin is tied with just three other 1855s and a mere two 1854s for highest-graded honors among Type II Gold Dollars that have been submitted to PCGS. “This is a first-rate condition rarity, and a breathtakingly beautiful coin,” said Deeds. “This piece would serve as a highlight in the finest numismatic cabinet, and to have both of these incredible Gold Dollars in the same auction is really unprecedented.” (more…)

BOWERS AND MERENA AUCTIONS SCORES BIG IN JANUARY

Bowers and Merena Auctions, America’s leading rare coin and currency auction house, launched 2009 with two outstanding auctions. The Orlando Rarities Sale held on January 4 prior to the Orlando FUN Convention realized $4,745,806, followed by the Ponterio & Associates, Inc., N.Y.I.N.C. ’09 Auction on January 9 and 10 which realized $1,648,460.

The Orlando spotlight was on Lot 225, a fully complete, exceptionally high-grade set of Business Strike Three-Cent Nickels, PCGS-certified and bearing the CAC designation, which realized $304,750. Comprised exclusively of top-of-the-pop coins, many of which are pop 1/0, this complete set is ranked at the top of the Current-Finest PCGS Registry in the category of Three-Cent Nickels, Circulation Strikes (1865-1889) – a top-ranked Registry Set acquired with a single purchase. Also garnering attention was Lot 1387, a 1921 Saint-Gaudens Double Eagle from the Mises Institute Collection, graded MS-63 by PCGS, that realized $287,500; and Lot 1280, a 1799 Capped Bust Right Eagle, BD-7, HBCC-3188, Taraszka-19, Rarity-3, Small Stars Obverse, graded MS-64 by PCGS and also bearing the CAC designation, which realized $132,250.

“We are very pleased with the results of our Orlando Rarities Sale,” said Steve Deeds, president of Bowers and Merena. “There were some in the industry who expressed concern about the economy and were unsure what this first major show of the year would bring, but overall attendance was positive and we were happy to present a strong selection of fine rarities that were very well received by our bidders.”

Just days after the Orlando sale, Ponterio & Associates, Inc., presented its first auction since becoming a division of Bowers and Merena in early December 2008, held at the New York International Numismatist Convention. At the top of the highlights list is Lot 945, PERU, 8 Escudos, 1712-M, Fr-7; KM-38.2, ex: “1715 Plate Fleet,” which was recovered on July 31, 1992, by Captain Stephen Shouppe off the coast of Florida near a small cluster of cannons in about 15 feet of water. It realized $32,200, more than double the low estimate, and is considered to be one of the finest known Lima 8 Escudo cobs. (more…)

BOWERS AND MERENA’S ORLANDO RARITIES SALE IN JANUARY HELPS TO LAUNCH 2009

Highlights Include the “Riverside Collection” of 19th Century Proof Type Coins and an Exceedingly Rare Proof 1874 Double Eagle

Proof 1867 Rays Shield NickelIRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, launches the 2009 auction year with the Bowers and Merena Orlando Rarities Sale on January 4 prior to the FUN Convention. The auction will be held at the International Plaza Resort & Spa in Orlando and begins with lot viewing January 2-4, capped off by the auction on January 4 starting at 4 p.m. EST. Nearly 1,400 rarities will be presented during a single session.

A leading consignment in Bowers and Merena’s Orlando Rarities Sale, the Riverside Collection offers an impressive selection of rare, high-quality proof type coins from the mid-to-late 19th century. “It has been quite some time since we have offered such a wide array of 19th century proof type coins in a single sale,” stated Bowers and Merena president Steve Deeds. “The Riverside Collection includes selections from series as diverse as Shield Nickels and Liberty Double Eagles, the unifying theme being the strong technical merits and fabulous eye appeal that each individual coin possesses.” Most pieces also include a Cameo or Deep/Ultra Cameo designation as part of the grade assigned by PCGS or NGC.

Standouts from the Riverside Collection include lot 250, an enigmatic proof 1867 Rays Shield Nickel rarity, one of the finest examples known of perhaps just 40 to 60 coins believed to exist in all grades, tied for Condition Census #1 and graded by NGC as Proof-66 Cameo. Also noteworthy is lot 978, an exceptionally smooth and attractive 1882 Trade Dollar in Proof-67 Ultra Cameo by NGC. Its NGC Census is just four with a lone Proof-68 UC finer; the finest Deep Cameo specimens known to PCGS grade Proof-66. (more…)