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All Posts Tagged With: "Cardinal Foundation"

Cardinal Large Cent Collection To De Displayed Next Month At Whitman Coin Expo

The acclaimed Cardinal Collection Educational Foundation‘s large cents collection, the number one-ranked set of its kind in both the PGCS and NGC Set Registry listings, will be publicly displayed for the first time in the Baltimore-Washington area during the first two days of the Whitman Coin & Collectibles Baltimore Expo, November 4 and 5, 2010.

The exhibit, co-sponsored by Bowers and Merena Auctions (www.BowersAndMerena.com) and Collateral Finance Corporation (www.cfccoinloans.com), will be displayed at the Bowers and Merena booth, #1205, during the show.

“It is truly an amazing collection that includes some of the finest known examples of United States large cents struck from 1793 to 1857, said Greg Roberts, CEO of Bowers and Merena. “There are 77 large cents in the set, and many are the finest known for their respective date and type.”

This 1793 Chain Cent (S-2), graded PCGS MS65BN, is one of the highlights of the multi-million dollar Cardinal Collection Educational Foundation large cents collection that will be displayed August 10 – 13, 2010 by Bowers and Merena Auctions and Collateral Finance Corporation at the ANA World’s Fair of Money in Boston.  (Photo by PCGS)

While supplies last, visitors to the exhibit can receive a free, 40-page illustrated booklet published by the foundation, “Portraits of Liberty,” that describes the history of U.S. large cents.

Highlights of the exhibit include:

  • 1793 Chain Cent (S-2) graded PCGS MS65BN that set a world’s record in 2005 as the most valuable U.S. cent at the time
  • 1793 Wreath Cent, PCGS MS69BN, the single highest-graded 18th century U.S. coin of any date of denomination
  • 1794 Liberty Cap “Head of 1793” Cent, PCGS MS64BN, described by Logies as “the single finest representative work of early Mint engraver, Joseph Wright”
  • 1803 Draped Bust Cent, PCGS MS66RB, acclaimed by the Early American Coppers society as tied for the finest known Draped Bust cent of any date or variety
  • the record-setting 1842 Braided Hair Cent from the Naftzger Collection, PCGS MS65RD, widely acknowledged as the finest existing “Petite Head” type
  • and another record-setting coin from the Naftzger Collection, an 1852 Braided Hair Cent, graded PCGS MS65RD, and acknowledged as the finest existing cent from its era.

“The Cardinal Collection Educational Foundation is a non-profit educational organization that focuses on the study and publication of information about early coinage of the United States of America. With the valued assistance of Bowers and Merena and Collateral Finance Corporation, this will be the first opportunity for collectors to see these superb-quality, early American cents in person in the Washington-Baltimore area,” said Martin Logies, a director of the Sunnyvale, California-based foundation.

One of America’s leading rare coin auction houses, Bowers and Merena of Irvine, California holds three of the top seven world-record auction prices for U.S. coins. For additional information call (949) 253-0916 or visit online at www.BowersandMerena.com.

Collateral Finance Corporation of Santa Monica, California offers precious metals financing to dealers and collectors on a wide array of bullion and numismatics. For additional information, call (310) 587-1410 or visit www.CFCcoinloans.com.

The Whitman Coin & Collectibles Baltimore Expo will be held in the Baltimore Convention Center, One Pratt Street, Baltimore. It will be open to the public on Thursday, November 4, from Noon to 6 p.m.; Friday and Saturday, November 5 and 6, from 10 a.m. to 6 p.m., and Sunday, November 7, from 10 a.m. to 3 p.m.

Coin Rarities & Related Topics: 1794 Silver Dollar, 1795 Reeded Edge Large Cent, and selected coins in the Summer FUN Auction

News and Analysis regarding scarce coins, coin markets, and the coin collecting community #6

A Weekly Column by Greg Reynolds

Herein, I discuss an assortment of rarities ‘in the news,’ the NGC graded “MS-64” 1794 dollar, a newly re-emergent 1795 Reeded Edge Cent, an 1882 $20 gold coin, 1865 $2½ coins, and 1865 quarters. The 1795 Reeded Edge Cent is certainly much rarer than most collectors realize and many have forgotten that the finest known Holmes-Naftzger 1795 Reeded Edge set an auction record for a copper coin or pattern, and is the only copper to sell for more than $1 million at auction. Another representative of this issue was just encapsulated by the NGC.

Today’s primary item is the ‘news’ that the Boyd-Cardinal 1794 dollar has been consigned to the B&M pre-ANA Boston auction. Additionally, I will discuss a few coins that will be sold as part of an upcoming Heritage auction, which will be held in conjunction with the Summer FUN Convention in Orlando, July 8th to 10th. Though it would make far more sense to hold it in Fort Lauderdale or in West Palm Beach, where it has been since its inception in 2007, I expect the Summer FUN Convention to be a success.

My comments about a handful of coins are not meant to constitute an analysis of this sizeable Heritage auction, which includes desirable U.S. coins of almost all types. The offerings are particularly strong in so-called small denomination coins, Indian Cents, Lincoln Cents, Two Cent pieces, Three Cent Silvers, Three Cent Nickels, and Five Cent Nickels. Further, this auction contains a large number of early 20th century gold commemoratives. Additionally, there are numerous better-date gold coins of several denominations. Also, the Kallenberg collection of Proof Washington Quarters is the first “All-time Finest” in the PCGS registry in the category of a “Basic Set” that covers Proofs from 1936 to the present.

II. Boyd-Cardinal 1794 Silver Dollar

I have been informed by Martin Logies that the Cardinal Collection Educational Foundation has consigned the Boyd-Cardinal 1794 dollar to the B&M August auction. This coin is graded “MS-64” by the NGC. When it was last auctioned, on June 30, 2005, it was so graded. This coin is widely regarded as the fourth or fifth finest 1794 silver dollar.

Logies is the director of the Cardinal Collection Educational Foundation. Recently, in May, he was prominent ‘in the news’ when this foundation acquired the finest known 1794 dollar from Steve Contursi for a reported price of “$7,850,000”! The Carter-Contursi-Cardinal 1794 is certified as Specimen-66 by the PCGS. It was specially prepared. (more…)

Video: Interviews with Martin Logies and Steve Contursi on the Sale of the 1794 Silver Dollar

The Neil/Carter/Contursi specimen 1794 Flowing Hair silver dollar was sold in May for $7,850,000, setting a new record as the world’s most valuable rare coin. Graded PCGS Specimen-66, it is the finest known 1794 dollar and believed by several prominent experts to be the first silver dollar ever struck by the United States Mint.

It was sold by Steven L. Contursi, President of Rare Coin Wholesalers of Irvine, California, to the nonprofit Cardinal Collection Educational Foundation (CCEF) in Sunnyvale, California. Collector and numismatic researcher Martin Logies represented the foundation of which he is a director and its numismatic curator. The private sale was brokered by Greg Roberts, President and Chief Executive Officer of Spectrum Group International of Irvine, California.

From 2004 to 2009, the coin was a featured exhibit at the American Numismatic Association’s Edward C. Rochette Money Museum in Colorado Springs, Colorado, and was displayed at a half dozen ANA World’s Fair of Money and National Money Show conventions around the country.

The 1984 Stack’s auction lot description in the Carter Collection sale stated, “It is perfectly conceivable that this coin was the very first 1794 Silver Dollar struck!” Over the decades, various numismatic researchers have stated a similar belief including Walter Breen, Jack Collins, John Dannreuther, David Hall and Logies who is author of the book, The Flowing Hair Silver Dollars of 1794.

David Lisot of CoinTelevision.com interviewed both the buyer, Martin Logies, Curator Cardinal Collection Educational Foundation and the seller, Steve Contursi, President of Rare Coin Wholesalers at the Long Beach Expo earlier this month.

CoinLink is pleased to be able to provide both of these interviews:

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Buyer of the 1794 Dollar for $7.85 Million: Martin Logies, Curator – Cardinal Collection Educational Foundation [9:18]

CCEF maintains several web sites to provide information about early American coins, including www.EarlyUSCoins.org and www.EarlyDollars.org that features an interactive “treasure hunters” guide for easily attributing early U.S. silver dollars by die variety. Another web site is planned, www.CCEFlibrary.org, that will be devoted to providing the public with access to the foundation’s extensive numismatic library.

“Of all the rarities I have seen or heard of, there is no doubt in my mind that this is the single most important of all, the very first silver dollar. This is the coin that has it all,” said Logies. (more…)