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Category: Superior Galleries

Superior Galleries Launches New Website, Hires New Manager, and Starts a New Era

On April 30, 2010, a new website was launched, and it reflects the wide variety of products and services that Superior offers. The Superior coin firm in Los Angeles County has gone through several transformations over the decades.

It was founded by Isadore Goldberg about 1930. Superior Stamp & Coin and Superior Galleries were operated by the Goldberg family until the early 1990s. It was later owned by A-Mark and then Tangible Asset Galleries (TAGZ).

In 2007, Superior Galleries was purchased by the Dallas Gold & Silver Exchange (DGSE). In 2009 and 2010, a series of changes were implemented, including the closing of the longstanding auction division.

Coin business veteran Aaron Ware has been named the ‘Numismatic Manager’ of Superior. DGSE has long been very active in markets for ‘high end’ watches, jewelry, and bullion. At the relatively new location in Woodland Hills, CA, Superior deals in a variety of valuable goods, including, of course, coins, paper money, and other numismatic objects.

For more information about the DGSE and the acquisition of Superior Galleries, click here to read Greg Reynolds’ interview of Kris Oyster, the managing director of numismatics for all DGSE companies.

Aaron Ware reminds everyone that “coins are a major portion of the business. We do have a resident expert in diamonds and high-end watches. Our focus is on U.S. coins; we will stock American coins and paper money from colonial times to the present.”

From 1993 to 1998, Ware and Tony Mitchell owned a coin store, Classic Coin and Bullion, in Reno, Nevada. Next, Ware was a partner in a coin store in Carson City, OldMint Coins. During most of the last decade, Aaron was Director of Operations for Northern Nevada Coins. Ware specializes in Carson City Mint coins and in silver dollars, “stuff that you would expect to see often in Nevada.” Over the years, he gained experience in “all series of U.S. coins,” from the 1790s to current issues. Now, at Superior, he has “shifted focus a little. We don’t see as much CC gold, and we do see a lot more early gold.” Already, at Superior, Ware has handled a fair number of pre-1840 U.S. gold coins, some of which are now available.

Ware has chosen not to collect coins because he does not wish “to compete with the customers.” He does “collect stuff [relating to] World’s Fairs and Expos, tickets, brochures, books, and primarily medals.”

As for the future of Superior, Ware says, “Now that we are no longer in the auction business, [the emphasis] is on offering a large and diverse inventory at very competitive fixed prices. We have brought old Superior clients back and we have rapidly been expanding our customer base.” While the old Superior offered mostly, expensive, high grade coins, Ware reports that “we offer coins in all grade ranges, everything from nice Almost Good coins all the way up to MS-67+ coins; we are now able to serve the needs of all variety of collectors.” Ware is “really pleased to be at the vanguard of a new era at Superior Galleries.”

Superior Shuts Down Auction Business

Superior Galleries a division of Dallas Gold & Silver Exchange (DGSE) abruptly announced that they were suspending all auction activities effective immediately. This includes the scheduled Santa Clara Auction that was to have started yesterday.

The following notice was posted on the Superior Galleries web site by Superior President and CEO Don Ketterling:

“Dear Friends and Clients of Superior,

We are all facing challenging economic times which require resourcefulness and creativity. Although these decisions re in the long term best interest of all concerned, they are often not easy. Such is the case with our recent decision to suspend all our auction activities beginning with the April 2 Santa Clara Sale.

The current market conditions have forced us to reassess where our strengths lie both in terms of our business model and also for our client’s best interests. Every auction company is experiencing reduced revenue and declining consignments which coupled with reduced buyer activity spells unacceptable results for auction prices and. most importantly our client/consignors.

Our immediate goals are to focus on our rare coin. precious metals and jewelry departments, all of which are vital, growing and profitable. We continue to seek talented and experienced individuals for all these activities and forecast a vibrant and exciting second half of 2009. On a personal note, I would like everyone to know that Superior stands ready as a valuable resource for all our clients and colleagues.

Sincerely,
Don Ketterling
President & CEO
Superior Galleries, Inc.”

Superior Galleries to Auction the Finest Collection of Silver Roosevelt Dimes in January, 2009

DGSE Companies, Inc. , announces that Superior Galleries’ is offering  “The Just Having Fun Collection” of Roosevelt dimes for their January 2009 Elite Rare Coin Auction immediately preceding the Florida United Numismatists (FUN) convention. This is believed to be the finest collection of silver Roosevelt dimes ever assembled, and will include the 48 coins currently in the #1 PCGS silver Roosevelt dime Registry set of “Justhavingfun” (“JHF”) as well as more than 60 additional PCGS and NGC superlative silver Roosevelt dimes also part of the JHF collection.

The JHF collection of silver Roosevelt dimes which will be auctioned off in January has a rich history behind them. When the PCGS Set Registry was in its infancy stage in 1999 (literally consisting of a paperback book prepared once a year with nothing online), Mitchell Spivack registered the #1 set of silver Roosevelt dimes. That same year, Steven Heller registered the #3 set of dimes. The dimes that were part of Spivack’s #1 finest registry set of 1999 were collected by him throughout the 1980s and 1990s. In 2000, Spivack’s silver Roosevelt dime collection was consolidated with Heller’s set and he agreed to continue to assist Heller with improving the collection from there. After a few years of improving the set even further, the entire collection was then sold to the current owner of the JHF collection, who has been registering the set as the #1 collection at PCGS for the past four years. In addition, during the past 10 years, another avid Roosevelt dime collector, Nick Cascio, assembled a top quality set of silver Roosevelt dimes, which was eventually purchased and also became part of the JHF collection. The JHF collection represents what is now the finest collection of silver Roosies ever – a collection which spans 3 decades of pursuing the most beautifully toned and fully struck silver examples available.

Paul Song, Senior Vice President of Auctions is working closely with Mitchell Spivack JHF’s agent regarding this landmark sale. Spivack had this to say on behalf of himself and the JHF collection:

“We are delighted to have Superior handling this auction consignment for us. Many coins in this collection range from nicely toned to some of the most amazingly toned silver Roosevelt dimes (or frankly any 20th century silver toned coins) out there. Superior’s outstanding photographic techniques have the ability to capture and reproduce the colors of these great coins. They have agreed to prepare a special separate full color auction catalog to showcase this great collection. It should be a great event and the special catalog Superior is preparing will contain relevant pedigree information for future generations of Roosevelt dime collectors to enjoy.” (more…)

Fresh Material, Pedigrees and September Coin Auctions — Part 1

By Greg Reynolds for CoinLink

In September, the Southern California rare coin auctions and the Long Beach Expo were lively and demand for rare coins was strong. There are three Long Beach Coin, Stamp & Collectible Expos each year, and Heritage conducts the official auctions. Prior to each Expo, Superior Galleries, the Goldbergs, and sometimes B&M, separately conduct coin auctions in the Beverly Hills area.

1839 $10 Liberty Large Letters. PCGS MS60On the bourse floor, one leading wholesale firm had almost exactly the same total revenue for rare coins, along with almost the same profit margin, at the Sept. 2008 Long Beach Expo as at the Sept. 2007 event. The year 2007 was very good for the coin business, and the year 2008 is as well.

While the overall U.S. economy seems to be slowing, and is plagued by problems in financial sectors, coin markets were very healthy in September, and probably still are in October. External factors did not heavily influence the auction results. Prices realized and bidder enthusiasm was, for the most part, a function of the quality, importance and pedigrees of the coins being offered.

While I have, in so many reviews, focused on the details of coin auctions and the coins included, I am here putting forth a few broad analytical points regarding notions of collector-consignments, pedigrees and fresh material. Of course, there are other factors that that play roles in the prices realized in coin auctions. I discus the other factors in other articles.

For a coin to be ‘fresh,’ it needs to have been ‘off the market’ for at least five years. In some cases, ten years or more are required for material to be viewed as ‘fresh’ by potential, leading bidders.

A real exciting lot in the Superior auction was an 1839 ‘Type 1’ $10 gold coin, in large part because it was clearly part of a consignment of fresh material. I am not certain that a collector consigned it, though it is clear that it was not consigned by one of the leading dealers on the auction circuit. It could have been consigned by an estate, an investor, or someone who just bought this coin ‘on a whim’ a long time ago. (more…)

Complete Set of Twenty Cent pieces, including an 1876-CC, to be offered by Superior !

by Greg Reynolds for CoinLink

On Monday, Sept. 15, an appealing Uncirculated 1876-CC Twenty Cent piece will be the star of an auction by Superior Galleries at The Tower Beverly Hills hotel. This coin is graded “MS-62” by the Professional Coin Grading Service (PCGS). The ‘CC’ mintmark indicates that it was manufactured at the Carson City, Nevada Mint. I tentatively estimate that there are between eighteen and twenty-six 1876-CC Twenty Cent pieces in existence, so it is likely to be a Great Rarity! 1876-CC Twenty Cent MS-62

The Superior Catalog provides the following background: “Carson City Mint records state that 10,000 pieces were coined for general circulation, although demand for this unpopular denomination was anything but brisk. It was our Centennial year, and most of the coinage produced in 1876 shows special care in preparation, although the blundered (die doubled) obverse here shows a decided lack of attention to detail. The public rejection of the new twenty cent piece was immediate and unrelenting, thus on May 19, 1877, Mint Director Henry Linderman instructed the Carson City Mint Superintendent James Crawford, “You are hereby authorized and directed to melt all 20-cent pieces you have on hand, and you will debit ‘Silver Profit Fund’ with any loss thereon.” This amounted to 12,359 coins dated 1875 and 1876 – the amount on hand March 1, 1877. Very few 1876-CC pieces escaped this fate and this particular issue became an instant rarity as virtually the entire mintage was lost. Of course, collecting coins by mintmarks was many years away and few collectors paid any attention to obtaining more than a single example from a given year of any particular denomination.

The 1876-CC twenty cent piece is one of the great American numismatic classics and is a coin that puts any collection on the map – each offering becomes an important numismatic event. The 1876-CC twenty cent piece earned place as number 16 in The 100 Greatest U. S. Coins by Jeff Garrett and Ron Guth, placing it among some rarified company; it is arguably one of the most sought-after American coins.”

A Western collector consigned a complete set of business strike Twenty Cent pieces, and four Proof Twenty Cent pieces. His set of Proofs is practically complete as well, as the Proof 1875-San Francisco Twenty Cent piece is an exotic and extremely rare issue that is not typically included in sets of Proof Twenty Cent pieces. This ‘Comstock’ collection contains the four Philadelphia Mint Proofs.

All of the Twenty Cent pieces in the Comstock collection are PCGS certified: 1875 Philadelphia (MS-63), 1875-CC (MS-63), 1875-San Francisco (MS-63), 1876 Philadelphia (MS-62), 1876-CC (MS-62), 1875 Proof (63 with Cameo contrast), 1876 Proof (63), 1877 Proof (65 Cameo), and 1878 Proof (61). In 1877 and 1878, Twenty Cent pieces were minted only in Proof format.

The Comstock 1876-CC was purchased by the consignor from veteran dealer Fred Weinberg in 1986. Weinberg is best known as a leading dealer in Mint errors. (more…)

Superior Galleries Announces New Numismatic Book Release

Introduction to Rare Coins and Precious MetalsDGSE Companies, Inc. (Amex: DGC- News), which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and internet channels, today announces the Superior Galleries release of the first of a series of reference books, Superior Galleries – Introduction to Rare Coins and Precious Metals.

This 124 page book was written by Superior Galleries to provide numismatic and precious metals investors with foundation material essential to successful participation in these dynamic markets. Abundant historical and factual material is covered, and the book is well illustrated with pictures of important coins, prominent places in numismatic history, graphs and charts.

Included are five chapters: A Brief History of U.S. Coins, Coin Collecting Events & Coin Hoards, Precious Metals & Markets, The Hobby of Collecting, and The Future of Coin Collecting. Subsequent publications will explore a broad range of numismatic and precious metals topics.

This is a must-read reference for anyone with an interest in numismatics. Copies may be purchased directly from Superior Galleries for $19.95, www.sgbh.com, or contact Paul Song, Senior Vice President, Auctions, 818-444-8699, or 800-545-1001.

Superior Galleries Realizes Strong Prices in July 26, 2008 Baltimore Elite Auction

DGSE Companies, Inc.  today announced its results for Superior Galleries July 26, 2008 Baltimore Elite Auction. This 870 lot event realized $1,249,168 inclusive of the standard 15% buyer’s premium amid active bidding.

1907 $10 Indian Wire Rim. PCGS graded MS63Some individual highlights of this auction included:

* Lot 505 – 1907 $10 Indian Wire Rim PCGS MS63 $43,125
* Lot 493 – 1803 $10 Capped Bust Small Reverse Stars NGC MS61 $35,650
* Lot 88 – 1856 Flying Eagle Cent NGC PF66 $35,075
* Lot 448 – 1811 $5 Capped Draped Bust PCGS MS64 $32,487.50
* Lot 449 – 1812 $5 Capped Draped Bust PCGS MS64 $32,231.05
* Lot 522 – 1870 $20 PCGS MS62 $25,875
* Lot 779 – Fr. 127 1869 $20 US Note RCGS Gem Crisp Unc $25,000
* Lot 323 – 1893-CC Morgan Dollar PCGS MS64 $24,150

Commenting on the Superior Baltimore Elite Auction, Senior Vice President of Auctions Paul Song said, “Our strong results are a testament to the attention and care that we have been putting toward creating the finest and freshest auctions in the industry. Personalized marketing to key bidders helped drive prices on important lots.”

Mr. Song continued, “We are now concentrating our efforts on our upcoming 1,000 plus lot September 15-16, 2008 Pre Long Beach Elite Auction to be held in our new Woodland Hills Show Room and Auction Gallery.”

For more information on this auction or on how to consign to one of our future Elite Auctions, please contact Paul Song or Aaron Malone, Consignment Director 800-545-1001 or consign@sgbh.com.

Pre-ANA Auctions Preview, Part III of III: Silver Dollars & Gold Coins

by Greg Reynolds for CoinLink

This is the third part of a series of articles on coins in the auctions that will be conducted before the ANA Convention begins on July 30th in Baltimore.

AU 1795 Bust Dollar offered by StacksThe first issue of U.S. silver dollars in 1794 is very famous. B&M will be offering a PCGS graded Fine-15 1794 dollar. In the Superior sale, there is a 1794 dollar that is authenticated, though not graded, by the PCGS. It may have serious problems, but is still worth a great deal as there probably are fewer than one hundred and fifty 1794 dollars in existence, and many thousands of collectors demand bust dollars.

Stack’s is offering eight 1795 dollars, three of the Flowing Hair type and five of the Draped Bust type. Superior is offering two of the Flowing Hair type and one of the Draped Bust type. B&M is offering one of each. Someone who cannot afford a 1794 dollar may be able to acquire a reasonably priced 1795 dollar in Baltimore.

Though rare die varieties of silver dollars have been ‘in the news’ over the past couple of years, there is not space here for a discussion of die varieties, or even for a description of one. Those who are interested may wish to learn about the Robert Hesselgesser collection of bust dollars by die variety. It is ranked number one in the PCGS registry and images of Hesselgesser’s coins may be studied at the PCGS website. Some of Hesselgesser’s bust dollars will be on display at the Goldbergs’ table at the ANA Convention.

In the B&M pre-ANA auction, there will be offered a rare die variety of a Draped Bust, Small Eagle 1797 dollar. It is PCGS graded AU-50 and among the finest known of its particular variety.

Although none of the pre-ANA auctions are landmark sales of bust dollars, Stack’s is offering a considerable selection of circulated bust dollars and B&M is offering some notable, high-grade bust dollars, including both a 1799 and an 1800 that are each NGC graded MS-63. Additionally, an 1839 Gobrecht dollar that is NGC certified Proof-63 will ‘come on the block.’

A significant number of scarce or rare Liberty Seated dollars will be auctioned before the ANA Convention begins. Liberty Seated silver dollars of 1851 and 1852 are very rare. Indeed, each may be extremely rare. Stack’s will auction two 1851s, one of which is NGC graded MS-61 and three 1852s that are NGC certified Proof-64 Restrike, AU-58 and MS-62, respectively. The 1853 dollar is almost rare, and Superior is auctioning an 1853 dollar that is NGC graded MS-64.

Both Stack’s and B&M are offering several Proof Liberty Seated Dollars. One of those in the B&M sale is an 1859 that is NGC certified Proof-67. For those who wish to spend considerably less money for a Proof 1959, Superior is selling one that is PCGS certified Proof-64. The catalogue image of the Proof 1870 dollar in the B&M sale suggests that it might be an exceptionally attractive coin, though I do not draw conclusions solely from images. (more…)

Pre-ANA Auctions Preview, Part II of III: Half Dollars

by Greg Reynolds for CoinLink

Half Dollar Highlights from the Pre-ANA in BaltimoreHalf dollars will be in abundance in Baltimore. A large number of people collect bust halves, and a fair number of half dollar collectors will travel to Baltimore. Many others will have dealers represent them. The pre-ANA auctions will include ample offerings of bust halves, though less than I expected.

The highlight is the second or third finest known 1797 half dollar. Draped Bust, Small Eagle halves were minted only in 1796 and 1797. Both dates are very rare!

Stack’s will be offering the Norweb 1797 half, which is NGC graded MS-66. It is the second finest 1797 half that I have ever seen, and it is a coin that I very much like. It is certainly surpassed by the Lelan Rogers 1797 half, which is (or was) also NGC graded MS-66.

The Norweb 1797 half was last auctioned in March 2004 as part of the Haig Koshkarian type set. Dr. Haig, as he prefers to be called, purchased this coin ‘in person’ at the Norweb III auction in November 1988. This is the same Norweb auction event in which the highest graded 1861 Philadelphia Paquet Double Eagle was sold. This Philadelphia Paquet will be on display at the Monaco table at the ANA Convention.

The Norweb-Koshkarian 1797 half realized $966,000 in 2004, an auction record for any half dollar that still stands. This Norweb-Koshkarian 1797 half is certainly one of the five finest pieces of the entire 1796-97 type. The Rogers-Whitney 1796 half and the Knoxville 1796 half are also high in the condition rankings, for the type.

Flowing Hair halves of 1794 and 1795 are generally less expensive than 1796-97 Draped Bust, Small Eagle halves. Stack’s is offering multiple 1794 and 1795 Flowing Hair halves. In the B&M sale, there is one 1795 half, which is NGC graded AU-53. Superior is selling a 1795 half that is NGC graded AU-58.

Rich Uhrich is a dealer who specializes in die varieties of bust silver coins. His personal collection was auctioned by Stack’s in February. Uhrich concludes that “1794 and 1795 halves are more popular than Draped Bust halves” with either ‘Small Eagle or Heraldic Eagle reverses. “There is just something about the appeal of coins with dates in the 1700s,” Moreover, Uhrich observes that “there are many people trying to complete sets of all the varieties of Flowing Hair halves but are not collecting Draped Bust half varieties.” Also, Uhrich has found that “a lot of collectors who are not ready to spend the money for a 1794 silver dollar demand 1794 half dollars,” which are much less expensive. (more…)

Pre-ANA Auctions Preview, Part I of III: Cents, Nickels, Dimes & Quarters

by Greg Reynolds for CoinLink

Superior, Stack’s and B&M are all conducting auctions in the Baltimore area before the ANA Convention starts on July 30th. A staggering assortment of U.S. coins and other numismatic items will be offered. I will discuss some of the coins that are rare, are interesting in other ways and/or are ‘in the news’ for some particular reason, like multiple examples of a scarce issue being offered in more than one pre-Convention auction.

Proof 1867 Shield Nickel with raysThe key Proof in the Shield Nickel series (1866-1883) is the 1867 ‘With Rays.’ The pre-ANA auctions include three of these.

Not long ago, it was thought that there were fewer than twenty-five Proof 1867 ‘With Rays’ nickels. In recent years, it has become apparent that there are more. An estimated mintage of seventy-five is listed on CoinFacts.com, and the April 2008 PCGS Population report lists a mintage of sixty and indicates that fifty have been certified by the PCGS, a number which certainly includes numerous resubmissions of some of the same coins.

My guess is that the PCGS and the NGC have certified about forty-three DIFFERENT Proof 1867 ‘With Rays’ Shield Nickels. If there are another dozen or so that have never been submitted to the PCGS or the NGC, then the total in existence is probably around fifty-five. So, it is still extremely rare in Proof format and is highly demanded as Shield Nickels are a very popular series.

Superior will auction a Proof 1867 ‘With Rays’ that is PCGS certified Proof-64 with ‘Cameo’ contrast. B&M will offer two, both of which are PCGS graded Pr-64. The first, though, is in a holder with a green label, and was thus certified a while ago. Many, though nowhere near all, of the coins that PCGS graded in the 1990s qualify for higher grades now, since the grade-inflation of 2003 to 2007. Although I have not seen this specific nickel, the catalogue image suggests that it may have really neat, natural russet toning.

Flying Eagle Cents are even more popular than Shield Nickels. The 1856 Flying Eagle Cent is a longtime collector favorite. There are six 1856 Flying Eagle Cents in the pre-ANA auctions.

Almost every coin collecting kid has acquired a few Indian Cents and has dreamed of an 1856 Flying Eagle Cent. I will always remember when I first acquired an 1858 Flying Eagle Cent. I was about eight years old, and this 1858 maybe graded AG-03. I was not much older when I first saw an 1856, a Gem Proof Flying Eagle cent that a local coin dealer showed to me. I was enthralled. (more…)

Roadrunner Sets Pace for Upcoming Superior Auction

by Greg Reynolds for CoinLink

1879 Flowing Hair $4 Stella On May 26 and 27, Superior Galleries of Beverly Hills will auction a variety of numismatic items, mostly U.S. coins, plus some patterns, many British and other European coins, tokens and medals, and paper money. The topic here is the ‘Roadrunner’ collection of 133 items, the vast majority of which are U.S. coins.

A significant percentage of the Roadrunner collection consists of coins from the shipwreck of the S.S. Republic, including a startling sixteen Liberty Seated Half Dollars. An extensive run of Liberty Head Double Eagles ($20 coins) is newsworthy. The collector known as ‘Roadrunner’ has gold coins of all denominations dating from the middle of the 19th century. Most of his gold coins were produced at Branch Mints, though he has several Philadelphia Mint gold coins.

The most valuable coin in the Roadrunner collection is an 1879 Flowing Hair Stella ($4 gold coin). It is NGC certified ‘Proof-67 Cameo.’ He purchased it privately from Superior Galleries.

Roadrunner Collection Overall, this collection is particularly strong in the series of Liberty Head Eagles ($10 gold coins). Eagles dated 1860-S are extremely rare, and Roadrunner has one of the highest graded ones, an NGC certified MS-61 1860-S from the S.S. Republic. It is one of only two that the NGC has graded above MS-60; the other, which is graded MS-61 is also from the S.S. Republic. The PCGS has not graded any of these above AU-55. It seems likely that fewer than fifty 1860-S Eagles are known.

The 1858-S Eagle is very rare. There are certainly less than 135 pieces known. Roadrunner’s 1858-S, NGC graded AU-55, may be one of the best. Jeff Garrett & Ron Guth write that the 1858-S “is nearly as rare as the more highly regarded 1858 Eagle, but unlike the 1858, no Mint State examples of the 1858-S are known” (Encyclopedia of U.S. Gold Coins, 2006, p. 337). (more…)

Superior Galleries Realizes Strong Prices in April 10, 2008 Santa Clara Elite Auction

Fr. 376 1890 $50 Treasury NoteDGSE Companies, Inc. (AMEX:DGC), which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and internet channels, today announced its results for Superior Galleries’ April 10, 2008 Santa Clara Elite Auction, where Superior Galleries is the official auctioneer. This 800 lot event realized $945,000 inclusive of the buyer’s premium.

Lot 513  1801 $10 Capped BustSome individual highlights of this auction included:

* 724 – Fr. 376 1890 $50 Treasury Note PMG VF $143,750
* 513 – 1801 $10 Capped Bust NGC MS62 $35,880
* 552 – 1907 $20 High Relief, Flat Rim NGC MS64 $35,075
* 275 – 1889-CC Morgan Dollar ANACS MS62 $20,700
* 529 – 1871-CC $20 Liberty PCGS XF40 $19,550

Commenting on the Superior Galleries Beverly Hills Elite Auction, Senior Vice President of Auctions Paul Song said, “We are delighted to have set a new record for the grade for lot 724, the 1890 $50 Treasury Note Fr. 376, graded PMG VF. This rare piece of American currency brought $143,750 which represents the highest price ever achieved for a similar note in VF grade at auction. This item sold to one of Superior Galleries’ private collectors on the telephone amid fervid bidding. Our strong results are a testament to the attention and care that we have been putting toward creating the finest auctions in the industry.”

Mr. Song continued, “We are now concentrating our efforts on our May 26-27, 2008 Pre-Long Beach Elite Auction, which will feature the Roadrunner Collection of U.S. Coins, the PamGold Collection of English Coins, and the Precious Bird Nest Collection of High Relief Double Eagles.” For more information on this auction, or on how to consign to one of our future Elite Auctions, please call Paul Song or Aaron Malone, Consignment Director: 800-545-1001 or consign@sgbh.com. Space is limited in all of our exclusive Elite Auctions, so please contact us well in advance to reserve a spot alongside these or future special numismatic treasures. (more…)

Superior Galleries to Auction Roadrunner Collection

DALLAS – (Business Wire) DGSE Companies, Inc. (Amex: DGC),  today announced that Superior Galleries has acquired the Roadrunner Collection of Rare U.S. Coins and Currency to be auctioned in their Beverly Hills Pre-Long Beach Elite Auction May 26-27, 2008, held immediately prior to the Long Beach Coin Convention. This particular collection will be held as an exclusive evening session on the 26th of May, and is anticipated to realize in excess of $1,300,000-1,500,000.

This exciting collection includes almost 125 lots of fresh U.S. coins that have been privately held for years. Included are a number of shipwreck recovery coins – both silver and gold, patterns, superb Morgan and Peace dollars, branch mint Liberty gold eagles, No Motto double eagles, California Fractional gold, and rare currency. The consignor spent many years acquiring the finest pieces as evidenced by the grades assigned to each by NGC and PCGS.

Paul Song, Senior Vice President of Superior Galleries stated, “We are delighted that this exceptional collection has been entrusted to Superior Galleries, and we look forward to offering it to an extremely eager collecting public. The collection will certainly be the cornerstone to our May 26-27, 2008 Pre-Long Beach Elite Auction, and we are working vigorously to make this a memorable auction indeed.”

Some individual highlights include: 1879 Flowing Hair Stella $4 Cameo Proof 67, 1916-S $20 MS66, Friedberg 2231-B Series 1934 $10,000 dollar note Gem Crisp Uncirculated 65, Friedberg 1223-g Series 1882 $10,000 Gold Certificate – punch cancelled and listed as “Extremely Rare” in the catalog, 1890 Seated dime Proof 68 Deep Cameo, 1871 Judd-1100 pattern quarter in copper Proof 65 Red, 1899 Morgan dollar Proof67, 1836 Gobrecht dollar Judd-60 Proof 63, 1922-S and 1923-S Peace dollars both MS67 Ex: Binion Collection, and a 1900-O/CC Morgan dollar MS66. (more…)

Superior Galleries Realizes Exceptional Prices in February 11-12, 2008 Beverly Hills Elite Auction

DALLAS–DGSE Companies, Inc. (AMEX:DGC), today announced its results for Superior Galleries February 11-12, 2008 Beverly Hills Elite Auction. This 700 lot event continues a multi-decade tradition of Pre Long Beach Elite Auctions. This auction, anchored by the stellar Turtle Rock Collection, realized $1,935,263.00 inclusive of the standard 15% buyer’s premium amid active bidding.1827 Bust Dime

Some individual highlights of this auction included:

* 491 – 1827 Capped Bust Dime NGC PF67 $120,750
* 353 – 1879 $4 Stella PCGS PF58 $109,250
* 497 – 1833 Capped Bust Dime NGC PF66 $82,800
* 488 – 1820 Capped Bust Dime NGC PF66 $80,500
* 496 – 1831 Capped Bust Dime PCGS PF66 $80,500
* 501 –1845 Liberty Seated Dime NGC PF67 $71,300
* 325 – 1854 $1 Gold Indian Type Two PCGS MS66 $66,125
* 430 – 1852 Augustus Hubert $50, 887 THOUS, reeded $29,900

Commenting on the Superior Beverly Hills Elite Auction, Senior Vice President of Auctions Paul Song said, “We are delighted with our results, particularly with the record prices realized by the Turtle Rock Collection of Proof Dimes. This was our fourth successful auction in four months, and we are so pleased to continue to be able to offer the freshest numismatic material to our clients. Our strong results are a testament to the attention and care that we have been putting toward creating the finest auctions in the industry. Personalized marketing to key bidders helped drive prices on important lots, particularly in our anchor collections. (more…)

Proof Turtle Dimes to be Auctioned by Superior

by Greg Reynolds for CoinLink

On the evening of Feb 12, Superior Galleries of Beverly Hills will auction an astounding collection of early Proof dimes. These dimes, from an unnamed consignor, are the centerpieces of the “Turtle Rock collection,” and thus will be referred to here as Turtle dimes. Superior will also auction a wide variety of other U.S coins, from several different consignors.Proof Bust Dimes from the

Turtle capped bust dimes of the following dates are certified as ‘Proofs’ by the Numismatic Guaranty Corp. (NGC): 1820, 1821, 1824/2, 1827, 1828, 1829, 1830/29, 1831, 1833, 1834 and 1835. Most of these are NGC graded Proof-65 or higher. Even if the Proof status of one or two of these were to be questioned, not an unusual occurrence in the coin collecting community, it would still be one of the all-time finest groups of Proof Capped Bust dimes ever assembled. Unfortunately, I left my notes regarding past offerings of Proof Capped Bust dimes in another State. So, I cannot here rank the all-time finest groups of Proof Bust dimes, nor can I now trace the Turtle dimes to epic collections. Even so, the greatness of this group is indisputable. The nature and tremendous importance of early Proofs warrants discussion, particularly for the benefit of those collectors who have never seen any of them.

It is not easy to explain the special nature of early Proof coins. After all, these are among the most elusive and fascinating of all U.S. coins, especially silver and gold Proofs from the 1820s. (more…)