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Malibu Collection Part II Anchors Bowers and Merena’s January 2011 Rarities Sale

Nearly 1,700 lots to cross the auction block in Tampa, FL immediately prior to  FUN

Bowers and Merena, one of the world’s preeminent auctioneers for rare coins and currency, will conduct the January Rarities Sale as its first event of 2011. The single-session sale on Jan. 4 at the Grand Hyatt Tampa Bay will offer nearly 1,700 lots of rare and desirable United State and Colonial-era coinage.

“It is and honor and thrill to start my career with Bowers and Merena with such an important sale,” said Chris Napolitano, President of Bowers and Merena. “Our January 2011 Rarities Sale will be presenting a wide selection of United States, Colonial and Territorial coins which range from affordable collector coins to world-renowned absolute and condition pieces.”

Headlining the sale is Part II of the Malibu Collection. “The first part of this impressive Malibu Collection helped propel our Official Auction of the November Whitman Coin & Collectible Baltimore Expo to the forefront among numismatic events of 2010. Part II promises the same rarity, quality and eye appeal that we have come to expect from the collection,” said Napolitano.

Highlights from the Malibu Collection include lot 855, one of the finest-known 1866 Motto Seated Dollars in PCGS Secure Proof-66 Deep Cameo, as well as lot 594, an important strike and condition rarity 1918-S Standing Liberty Quarter certified MS-67 Full Head by NGC with a combined pop of just 2/0 by PCGS and NGC.

“From U.S. minors to patterns, bidders will also enjoy Part II of the G. Edward Reahl, Jr. M.D. Collection and the Abingdon Collection,” said Napolitano.

Additional highlights in the sale include:

* Lot 48, 1883 Hawaii Eighth Dollar, Proof-62 Cameo (PCGS), Secure Holder
* Lot 59, Undated (Circa 1616) Sommer Islands Twopence, BMA Type I, Small Star Below Hog, AG-3 (PCGS)
* Lot 73, 1776 Continental Dollar, CURENCY, Pewter, MS-63 (NGC)
* Lot 302, 1924-S Buffalo Nickel, MS-66 (NGC)
* Lot 304, 1925-D Buffalo Nickel, MS-66 (PCGS), Secure Holder (more…)

Coin Profile 1804 Bust Quarter, Single Finest Certified B-1, Ex: Colonel Green

Colonel Edward Howland Robinson Green (better known as Col. E.H.R. Green or, more simply, Col. Green), was the son of Henrietta Howland Robinson Green, née Henrietta Howland Robinson (1834-1916). She, too, is known more simply as Hetty Green, and even more familiarly as the “Witch of Wall Street.” Hetty Green was connected on the Howland side of her family to one of the great merchant families of New England. She grew up in a Quaker household, noted for its austerity.

Upon their deaths in 1865, her father and maternal aunt willed to her a total of about $10 million. Even after her 1867 marriage to Edward H. Green, she kept her finances separate, managing them herself with single-minded monomania. Her father and grandfather had educated her in finance from early childhood, and she dedicated herself to expanding that fortune. As her wealth increased, she continued to live with her son and daughter in modest surroundings, avoiding all social contacts or displays of wealth. In time she became a major force on Wall Street, despite which she often appeared in public in shabby garb and sought medical treatment for herself at charity clinics. She left an estate valued at more than $100 million when she died in 1916, reputedly the world’s richest woman.

“Extremely rare grade and one of two finest known of just three, possibly four known in full Mint State. Certainly the most famous specimen and long thought to be clearly the finest.”

The most often-repeated story concerning her penury is that concerning her son Edward, whom she refused to take for medical treatment, resulting in the need for his leg to be amputated. Col. Green was born the year following Hetty’s marriage to Edward Green, during his parents’ tour of Europe.

By age 25, Col. Green had been admitted to the bar and become president of the Texas Midland Railroad (his mother Hetty had owned many railroad stocks during her lifetime). He was active in Texas Republican politics, served as chairman of the Texas Republican State Committee, and was a director of the St. Louis Exposition of 1904. In order to maintain a Texas residence, he kept a suit of clothes and one of his wooden legs in a “fine residence” in Terrell, Texas. He died at age 68 in Lake Placid, New York.

At the time of his death–with a total estate valued at more than $40 million–his coin collection was valued at an estimated $5 million, along with a stamp collection worth $3.5 million. Green’s numismatic holdings included at least seven different 1838-O half dollars, a Brasher doubloon, all five of the 1913 Liberty nickels, and a staggering hoard of 1796 quarters, said to number more than 200 pieces. (more…)

Chris Napolitano Named President of Bowers and Merena Auctions

Bowers and Merena Auctions, one of the world’s preeminent auctioneers for rare coins and currency and a subsidiary of Spectrum Group International, Inc. (SPGZ.PK), announced today that noted numismatic professional Chris Napolitano has joined the 27-year-old auction house as president. At the same time, Spectrum Group International (SGI) reported that its Collectibles Division achieved a record $45 million in worldwide aggregate auction sales for the three months ended December 31, 2010, its second fiscal 2011 quarter.

Mr. Greg Roberts, CEO of Spectrum Group International: “His numismatic knowledge is virtually unsurpassed, and I have tremendous confidence in his business and leadership abilities. Along with the addition of Chris, who will be relocating to Orange County, Bowers and Merena has also acquired certain assets of Summit Rare Coins, furthering our goals of expansion and growth.”

A collector since childhood, Mr. Napolitano decided to make numismatics his life’s career in 1989 with the founding of Summit Rare Coins, Inc., serving as president and CEO since its inception. Under Mr. Napolitano’s leadership spanning more than two decades, the company has handled in excess of $250 million in rare coins, including many classic American rarities, and has attended every major show and auction during that period. In 2001, Mr. Napolitano co-founded American Rare Coins and Collectibles with locations in St. Paul and Minneapolis, which he helped to grow into a $20 million business. Mr. Napolitano belongs to many important numismatic organizations and is a Lifetime Member of the American Numismatic Association.

Mr. Napolitano has personally handled approximately 80 of the coins featured in the popular numismatic reference book by Jeff Garrett, “100 Greatest U.S. Coins,” along with many notable pedigrees. He counts the L. Rogers 1794 FH $1 in PCGS 66 among his favorites, and other career highlights that include:

* 1794 50c PCGS 64
* 1793 Chain 1c PCGS Specimen 67 BN
* 1793 Wreath 1c PCGS Specimen 68 RED
* 1870-S Seated $1 PCGS AU 58 EX-NORWEB
* 1893-S $1 PCGS 67 EX-NORWEB/JACK LEE
* 1870-CC 25c NGC 64 EX-ELIASBERG
* 1856-O $20 PCGS 58 EX-AMON CARTER

“My mission in business has always been to provide great service and the right product — at the right price — to both the wholesale and retail community,” Mr. Napolitano said. “I have known Bowers and Merena throughout my career in this industry, and I am excited to join such a highly regarded business that shares my goals.”

“We are very happy to welcome Chris to our team,” said Greg Roberts, president and CEO of SGI. “His numismatic knowledge is virtually unsurpassed, and I have tremendous confidence in his business and leadership abilities. Along with the addition of Chris, who will be relocating to Orange County, Bowers and Merena has also acquired certain assets of Summit Rare Coins, furthering our goals of expansion and growth.” (more…)

Previously Unknown Specimen of 1855 $50 Kellogg & Co. Fifty Dollar available at Heritage Boston ANA Coin Auction

In the words of B. Max Mehl, the Kellogg & Co. fifty dollar gold pieces are “the most beautiful of all Pioneer gold coins and one of the rarest.” While Heritage has handled Kellogg fifties on several occasions in the past, we take particular pleasure in offering this specimen, which seems to match none of the previously known examples of this extraordinary issue. A “new” Kellogg fifty is a numismatic landmark and an unparalleled opportunity for the Territorial gold collector.

For more than a century, numismatists have puzzled over the purpose of the Kellogg fifties and exactly how many were struck. All known specimens were minted in proof format, suggesting they may have served as presentation pieces for bankers and politicians: They were struck when the firm was considering a large business strike mintage to compete with the fifty dollar pieces of their competitors, Wass, Molitor and Company. The “regular-issue” coins never materialized, but the proof production has delighted and puzzled collectors since the coins appeared.

One disputed question about the Kellogg proof fifties has been the number struck. The proprietors of Kellogg & Co., John Glover Kellogg and Augustus Humbert, were partners in 1855. Both of them retained several examples of the Kellogg fifties long after they dissolved their partnership in 1860. Kellogg’s heirs, including his son Karl, remained in possession of three coins many years after Kellogg’s death in 1886. Humbert, who died in 1873, left his collection to his brother, Pierre. When Pierre died in 1901, his heirs sold the collection to Captain Andrew C. Zabriskie. As Henry Chapman relates in the introduction to the Zabriskie Collection (Henry Chapman, 6/1909):

“Capt. Zabriskie some years ago had the good fortune to purchase from his executors the collection of coins left by Mr. Humbert, the California Assayer, and from which collection he derived many of the most remarkable Pioneer Gold Coins, which , added to his collection that had been forming for many years, makes his Pioneer Gold the best ever offered at public sale.”

Later in the sale, Chapman described the Kellogg fifty in lot 341, which realized $1,250, a huge price at the time. To quote his description in part:

“Sharp, beautiful specimen. The finest known, as Capt. Zabriskie had his choice of the six which Mr. Humbert had preserved. So far as I am aware, it is possible about 10 are known, in fact, this is the number it is said was coined.”

Chapman thus reveals the startling fact that Humbert saved at least six specimens of this issue until his death. We can only wonder what Humbert’s purpose was, since $300 was a large sum in 1855, too large to tie up in souvenirs. Whatever his reasons, he deserves the thanks of all Pioneer gold collectors for preserving so many of these wonderful coins. In his catalog of Humbert’s collection, which he sold in 1902, Chapman mentioned one specimen in the collection of J.W. Scott, which would be the 10th coin in his census, after the three kept by Kellogg’s family and the six in Humbert’s estate.

The trouble with Chapman’s roster is this: More than 10 specimens have always been known to numismatists since the coins surfaced. The census of known examples has gone up and down over the years, but most catalogers agree at least 13 pieces were struck, even if fewer examples seemed to be extant at a particular time. With the appearance of the present coin, we have a pictorial record of what seem to be 14 different coins. (more…)

Bowers and Merena Auctions to Host Boston Rarities Auction

Auction to Feature Condition Census #4 1794 Silver Dollar

Bowers and Merena Auctions will host its Boston Rarities Auction on Saturday, Aug. 7 at The Castle at Park Plaza Hotel and Towers in Boston, Mass. The sale, comprised of nearly 1,800 lots, will feature world-class rarities and highly desirable collectors’ coins.

“Three consignments stand out in my mind as defining elements of the importance of this sale: the Cardinal Collection Educational Foundation Mint State Set of 1794 United States Coinage, the Horseshoe Collection of New Orleans Mint gold and silver coins, and the Ostheimer Specimen of the 1870-S Seated Liberty Silver Dollar,” said Greg Roberts, CEO of Bowers and Merena. “With selections as diverse, important and desirable as these, we are confident that our Boston Rarities Sale will see spirited bidding from a wide variety of collectors.”

The Cardinal Collection Educational Foundation (CCEF) Mint Set of 1794 United States Coinage is a fully Mint State complete set of 1794-dated coins struck from the Half Cent through the Silver Dollar with most coins choice to gem in quality. The coins are among the finest known for their respective issues and die varieties, but the obvious highlight of the set is the Virgil Brand-F.C.C. Boyd-Cardinal specimen of the 1794 Flowing Hair Silver Dollar. Certified MS-64 by NGC, the coin is Condition Census #4 for the issue and one of only six Mint State examples known to exist. The five coins in the 1794 Mint State Set will be auctioned individually at the beginning of the beginning of the Silver Dollar section.

“This important offering is made possible by the CCEF’s recent acquisition of the Carter-Contursi 1794 Silver Dollar, graded PCGS Specimen-66, which recently sold for $7,850,000 in a transaction that set a world record price for the most valuable coin,” said Roberts.

At the heart of the Horseshoe Collection is one of the most comprehensive sets of New Orleans Mint gold and silver coins that Bowers and Merena has offered in quite some time. The stand-out highlight of the collection is an 1854-O Liberty Double Eagle, a pop 2/0 coin certified AU-55 by PCGS. With an estimated 25-35 surviving coin population from a mintage of 3,250 pieces, it is the second-rarest New Orleans Mint Double Eagle. Other rarities featured in this collection include Morgan Dollar condition rarities, key-date 19th century gold coins from other Mints and a J.W. Scott Restrike of the fabled 1861 Confederate States of America Half Dollar. (more…)

220 Pound Gold Coin “Disappoints” And Only Sells For $4.02 Million

The Vienna auction house Dorotheum has sold the world’s largest gold coin, a Canadian Maple Leaf manufactured by the Royal Canadian Mint in 2007. It is listed in the Guinness Book of World Records and carries a face value of one million Canadian dollars (800,000 euros, 970,000 US dollars) measuring 53 centimetres (21 inches) in diameter and weighing 100 kilograms (220 pounds).

According to the Wall Street Journal,The coin was sold as part of the liquidation of the assets of bankrupt Austrian investment firm AvW Group, founded by Wolfgang Auer von Welsbach, the great-grandson of a 19th century Austrian nobleman and industrialist who invented the lighter flint and gas mantle.

Mr. von Welsbach is in police custody and faces possible charges of embezzlement and fraud in connection with the company’s collapse.

AvW had acquired the coin in 2007, joining an exclusive club of owners including Queen Elizabeth, who is also displayed on one side of the coin, two unidentified investors in Dubai and one who is so reclusive even his or her residence is unknown.

The bidding started at 3.27 million euros, with Oro Direct, a Spanish gold-trading firm being the lone bidder. It is reported that up to 8 different bidders had registered but no counter bids were made. The auction room was packed with more journalists than potential buyers.

The auction price disappointed Michael Beckers, Dorotheum’s coin expert who oversaw the sale. He had predicted that the price could go as high as €4 million “on a good day”.

“I’m a little disappointed. I had hoped and expected to achieve more,” he said, minutes after the hammer fell.

The Royal Canadian Mint manufactured and launched the coin in 2007 to showcase its production facilities and steal the entry in the Guinness Book of Records for the world’s biggest gold coin.

That title had previously been held by the Austrian mint, who in 2004 produced fifteen 100,000-euro coins weighing 1,000 troy ounces (31.1 kg) to celebrate the 15th anniversary of its best-selling Philharmonics coin.

Valencia-based Oro Direct’s managing director Michael Berger said his firm intends to use the coin in its marketing efforts, .

“We believe in gold, and therefore also believe we have made a great investment. We believe that going forward, gold will offer the only real safe haven in this uncertain economic environment,”

First Gold Coin Struck in the Name of an English King to be Sold by Spink

[CoinLink News] The UK auction firm of Spink has announced the upcoming sale of an Anglo-Saxon gold Shilling of King Eadbald of Kent dating from c.620-635. This is the first gold coin struck in the name of an English King and a rare and important piece of English history. Found near Deal Kent in 2010, this coin will be sold at auction on June 24th and is expected to fetch upwards of £8,000. (Editor: Seems very Inexpensive)

This type was long known to be amongst the earliest of Anglo-Saxon gold coins with a single example present in the important Crondall hoard found in Hampshire in 1828 and dating from c.670. The conclusive attribution of these coins to king Eadbald of Kent, reigned 616-640, though was only made in 1998. This followed the emergence of new finds which enabled the obverse inscription to be confirmed as avdvarld reges, and translated as ‘of King Audvarld’.

The name ‘auduarldus’ appears in Bede’s Historia Ecclesiastica completed in 731 in which he wrote about king Eadbald of Kent. Given this and the presence of one of these coins in the Crondall hoard, the attribution to Eadbald is now accepted

While the Kentish Shilling or Thrymsa seems to have sought to match the Merovingian Tremissis, the design of this coin is peculiarly Anglo-Saxon using neither motifs found on Merovingian coins nor seeking to copy Roman types. In common with some other coins (e.g. the so called ‘Witmen’ and ‘Londiniv/Londeniv’ types), this coin has an inscription on the reverse. This can be clearly read on a example in the Ashmolean Museum as containing the word londenv indicating London as the mint or die source for these coins all of which share the same obverse die.

The real significance of these coins though is in the obverse inscription naming the historical figure of king Eadbald. This is exceptional for a coin of this period and is only certainly found again at the end of the seventh century with the Sceattas of Aldfrith of Northumbria (685-705). As such the Eadbald Thrymsa is the earliest coin issued in the name of an English king.

Eadbald succeded Aethelberht as king of Kent in 616. Aethelberht is principally remembered for having accepted St. Augustine into his kingdom and his subsequent conversion to Roman Christianity. It seems, according to Bede, that after his accession Eadbald fell foul of the young Church, rejecting Christianity, ejecting its Bishops and incurring the wrath of the Church committing ‘such fornication as the Apostle Paul mentioned as being unheard of even among the heathen, in that he took his father’s (second) wife as his own.’

Whatever Eadbald did, this situation did not last for he repented and was duly baptized, rejecting his wife and thereafter favouring the Church within his kingdom. (more…)

Bowers and Merena Baltimore Coin Auction to Include Over 3500 Lots

Bowers and Merena will conduct the Official auction of the June 2010 Whitman Coin & Collectibles Baltimore Expo. Scheduled for June 16-20, 2010 at the Baltimore Convention Center, the sale will present nearly 3,500 lots of United States coins, exonumia and related items.

According to Bowers and Merena president Steve Deeds: “We have a wonderful sale planned for the June 2010 Baltimore Expo anchored by several important collections and Registry Sets.

In the category of Registry Sets we are featuring the Close to Perfect Collection, #1 All-Time Finest Lincoln Memorial Cents Basic Set on the PCGS Registry and the Weston Collection, PCGS Registry Set #8 in the category Capped Bust Half Dollars Major Variety Set without Reeded Edges.

The Close to Perfect Collection includes many low-pop condition rarities, including some stellar-quality MS-69s and MS-70s from the 21st century, while the Weston Collection features many original collector coins in VF, EF and AU.”

“Among U.S. gold coin offerings,” continued Deeds, “bidders will find the Windermere Collection and its fantastic array of rare-date Liberty Double Eagles and Territorial gold. Leading the way are 1855-O $20 NGC AU-55, 1859-O $20 NGC AU-55, 1860-O $20 NGC AU-58, 1861-O $20 NGC AU-55, 1861-S Paquet $20 NGC AU-50 and an 1852 Augustus Humbert $50 Gold, Reeded Edge, 880 THOUS, PCGS AU-55.

The Fab Five Collection of Early Half Eagles will also entice gold enthusiasts with a selection of five early Half Eagles, a fresh consignment recently certified by our company for the first time and making its first appearance in a major numismatic auction. A historic 1795 Small Eagle Five in NGC MS-61 leads off the Fab Five Collection, and it is an example of the scarcer BD-8 die marriage.”

Concluded Deeds: “Numerous other important rarities can also be found scattered throughout our June 2010 Baltimore Auction. We have a beautiful and rare 1930-S Double Eagle in PCGS Secure MS-65+, a top-of-the-pop 1917 Doubled Die Obverse Lincoln Cent, FS-101, PCGS Secure MS-67 RD from The Holdings of Ron Groszmann, a well-known 1794 Flowing Hair Silver Dollar rarity in a PCGS Genuine holder and countless other highlights from Colonial coinage through Territorials. Plus, a complete set of Proof Barber dimes, as well as nearly complete sets of Indian cents, Mercury dimes, Standing Liberty quarters, and a type set with key coinage, all collected in the 1950s and 1960s. No matter what your area of specialization, I am confident that the Bowers and Merena June 2010 Baltimore Auction holds many important bidding opportunities. Enjoy the sale, and good luck with your bids.”

Additional highlights in the Bowers and Merena June 2010 Baltimore Auction include:

  • 1926-S Buffalo Nickel, NGC MS-65
  • 1937-D Buffalo Nickel, 3-Legged, PCGS MS-65, CAC
  • 1797 Draped Bust Half Dime, 16 Stars, NGC MS-64, CAC
  • 1800 Draped Bust Half Dime, PCGS MS-64
  • 1807 Draped Bust Dime, NGC MS-65, OH
  • 1795 Flowing Hair Silver Dollar, Three Leaves, PCGS MS-62
  • 1795 Capped Bust Right Eagle, 13 Leaves, NGC AU-55
  • 1872 Liberty Eagle, PCGS Proof-64 DCAM, Ex: J.F. Bell Collection
  • MCMVII (1907) High Relief Saint-Gaudens Double Eagle, Wire Rim, NGC MS-66
  • A Complete 1871 Standard Silver Pattern Proof Set, Half Dime through Dollar, Ex: Garrett
  • 1872 Pattern Commercial Dollar, Judd-1217, PCGS Proof-64 RB
  • 1849 Mormon $2.50 Gold, K-1, PCGS VF-35, CAC—Gold Label, OGH—First Generation
  • 1849 Oregon Exchange Company $5 Gold, K-1, NGC AU Details—Tooled
  • 1883 Hawaii Eighth Dollar, PCGS Secure Proof-63 Cameo (more…)

Sonny Henry Auction, & Mail Bid Coin Sale to take pace on June 19th

The June 19, 2010 Coin and Currency Auction, & Mail Bid and on line, of the continued 50 year Illinois Collection & others conducted by SONNY HENRY’S AUCTION SERVICE of Mendota, IL will be conducted at the Midwest Center for Christian Living Lasalle, IL.

A nice mix of Rare & High Quality Coins. An excellent opportunity for the Discriminating Collector. Many with Eye Appeal and Beauty. We have been auctioning off this collection for around 10 years. Lots of fresh material, and more to come.

Highlights:

1878 $3 Gold PCGS Secure Plus MS 66+ According to Coin Facts Pop Report this is the only one that is Graded MS 66+. “65” in MS 66, “5” in MS67, “1”in MS 67+ A Beautiful Gem with Amazing Eye Appeal, Dripping with Luster sure to please the Gold collecting connoisseur.

Other important Highlights including:

  • 1837 Bust Quarter MS 63
  • 1807 Draped Bust Half Dollar Anacs EF 45, it looks AU
  • 1873-CC $20 Double Eagle NGC AU 55
  • 1886-S Morgan Dollar NGC MS 65
  • 1935 Spanish Trail Commemorative Half Dollar NGC MS 66
  • 1793 Large Cent Anacs VG 8 Details “S-10 corroded”
  • 1796 Bust Quarter Anacs AG-3 Details “cleaned”
  • 1922 Grant “no star” PCGS MS 64
  • For more information or to be placed on the mailing list for future auctions, write to SONNY HENRY’S AUCTION SERVICE, 1510 Illinois Ave, Mendota, IL. 61342 Phone 815-539-6300, or www.sonnyhenryauctions.com

1916 Doubled Die Obverse Buffalo Nickel Part of the Brenda John Collection to be offered at Heritage’s Long Beach Coin Auction

In a March 15, 2005, Numismatic News column, Paul M. Green described the 1916 Doubled Die nickel “as perhaps the greatest and least known rarity of the 20th century. It is ironic, because the logical assumption would be that any coin of the 20th century is well known and appreciated.”

Knowledge of the variety became widespread only in 1976; even today, many otherwise knowledgeable numismatists fail to realize how rare the issue is–in all grades, but particularly in Mint State.

Although some regular 1916 Buffalo nickels are known to show strike doubling on the date, they are easily distinguished from the unusual Doubled Die coins, which show prominent but incomplete (at the bottom) digits from a first strike of a working hub, well southeast of the subsequent strike. Other obverse features are doubled–the chin, throat, and lips.

The feathers at the back of the head are plainly doubled at their bottoms, including the tiny partial feather closest to the neck. The butterfly-shaped attachment of the feather quills to the hair is plainly doubled on both sides. Traces of doubling are visible as well along the forward edge of the profile.

The finest certified are a number of near-Gems at both services, including two MS64 PCGS pieces that Heritage has handled in the last few years. (PCGS has certified only those two pieces in MS64.)

The 1916 Doubled Die invites a comparison with another popular Buffalo nickel variety, the 1918/7-D. NGC has certified three Gems of the 1918/7-D Buffalo, and 22 examples of that variety in MS64. Even if one deletes one-third of those coins as duplicates, it still leaves almost four times as many 1918/7-D Buffalos at the near-Gem level compared to the 1916 Doubled Die.

The obverse of this impressively lustrous near-Gem has gold-orange peripheral toning that yields to light nickel-gray in the centers. The reverse is more richly patinated in stark blue and green-gold hues. Both sides show a slight degree of central striking softness, but the crucial date area is crisp with strong impressions from both date hubs. Wispy abrasions on the major devices and in the fields account for the technical grade, though the eye appeal is more evocative of an even finer designation. Census: 6 in 64, 0 finer (4/10).

From The Brenda John Collection. Lot 391 of the Long Beach Signature Sale

Stacks April Coin Galleries Sale Reaches Over $1.7 Million!

This past week marked the first Coin Galleries auction sale of the year, and it was a resounding success, with over $1.7 million worth of coins, medals, tokens, and paper money sold.

This immense sale featured nearly 4,000 lots and offered selections from the Estate of Louis E. Eliasberg, Jr., as well as items from other important collections such as the Arturo Collection, the Bob Lyall Collection, the Chester L. Krause Collection, the Estate of Cornelius C. Vermeule, the Estate of Michael K. Ringo, the Jerry Byrne, Sr. Collection, the Lawrence Feinberg Collection, the Sleepy Hollow Collection, and the Standish Collection.

Lot 178 – KINGS OF EGYPT. Ptolemy III Euergetes, 246-222 B.C.
AV Octodrachm. Nearly Extremely Fine.
Ancient coins featured the collections of Cornelius C. Vermeule and Lawrence Feinberg, and offered over 700 lots of Greek, Roman, Byzantine, and Medieval coins punctuated by amazing pieces like a gold Octadrachm of Arsinöe II in Extremely Fine condition that brought $11,212. Two lots later was a lustrous, nearly EF Ptolemy III Euergetes Octadrachm that sold for $14,030.

Lot 347 – Anonymous, 211-208 B.C. AV 60 Asses.
Second Punic War issue. Extremely Fine.
Roman Provincial coinage comprised 130 lots of this section and led the way into the Republican issues, which boasted significant lots like an anonymous Second Punic War Issue Gold 60 Asses in Extremely Fine that brought $3,852. Rare Denarii included an extremely rare variety of a Mark and Lucius Antony issue in Good Very Fine that garnered $2,110 and a Julius Caesar example in the same grade with a superb portrait that sold for $3,392. Roman Imperial coinage featured a lovely pair of Sestertii, the first a pleasing Eastern mint example of Titus graded Extremely Fine that reached $4,945 and the second a Very Fine Pertinax issue in Very Fine with an excellent portrait that closed for $4,657.

Lot 555 – FRANCE. Carolingian Kings. Pippin III, the Short, 751-768 AR Denier. Good Very Fine.
Byzantine and Medieval coins followed the Imperial coinage, and Medieval French issues took center stage. The extremely rare silver Denier of Pippin the Short was a popular item; this Good Very Fine coin, once part of the Garrett Collection, sold for a strong $8,740. Immediately following this lot was a lovely Denier of Charlemagne, a nicely toned Very Fine example that sold for $6,325. (more…)

World Record $138,000 Brazilian 100 Reis leads $5.2 million+ Heritage CICF World Coin auction in Chicago

Revamped CICF auction brings more the 3300 bidders; World Coin market continues to excel, see broad demand

DALLAS, TX – There can be no doubt as to the continuing strength and ever-growing interest in the World Coin market after Heritage Auction Galleries April 21-22 Signature® World Coin Auction at the Chicago International Coin Fair (CICF) brought almost 3350 bidders to the table and realized a stunning total of more than $5.2 million.

“Heritage couldn’t be happier with the move of our spring auction to the CICF,” said Cristiano Bierrenbach, Director of International Sales at Heritage. “Anytime we can reach so many high-end world buyers in one place, and subsequently realize more than 94% by value and 97% by lot on an auction, we know we’re in the right spot.”

The auction also marked the beginning of a new CICF partnership between Heritage and Krause Publications, the producers of World Coin News, Numismatic News and Bank Note Reporter, among its many publications. By all accounts, the new union was an unqualified success.

“The addition of Heritage as official CICF auctioneer gave the show a big lift,” said convention chairman and Krause Group Publisher Scott Tappa. “The depth and breadth of the four-session sale attracted a great array of attendees and added to our growing bourse floor. We look forward to Heritage’s continued partnership with CICF and Krause Publications for years to come.”

“Scott Tappa and his crew put together a world class event and we matched it with more than 4700 lots for the Heritage collecting community worldwide,” said Bierrenbach. “When I think the world coin market can’t surprise us anymore, we have an auction like this with results much stronger than we could’ve predicted. It’s a wonderful thing to be a part of.”

Of all the international numismatic treasure up for grabs at the Heritage CICF event, a Brazilian rarity was to be the most coveted, with a Pedro II 100 Reis 1844, KM452, Russo 525, VF35 NGC breaking its own World Price Record of $84,000, set in May of 2008, when it finished at $138,000, more than doubling its base estimate of $60,000. The coin came to auction via the Paulistana Collection.

“This is the finest specimen of only three known,” said Bierrenbach. “In 1834, Brazil, now an independent empire, attempted a new monetary system nicknamed the Cruzado. While it ultimately failed by 1848, the 1844 100 Reis is without a doubt the jewel of the series.” (more…)

Teletrade Presents “The Lakeside Hoard” Beginning March 28 through May

Teletrade, America’s premier Internet auctioneer for certified coins and currency – has been selected as the exclusive auctioneer of “The Lakeside Hoard,” an amazing collection of more than 3,500 certified U.S. coins amassed over several decades during the consignor’s nationwide travels.

The first selections from “The Lakeside Hoard” were offered in Teletrade’s online auction 2830 on Sunday, March 28, 2010.

Fresh coins from the collection will be allocated weekly through April and May. All Lakeside lots will be pedigreed in the online catalogs for identification.

The collection is made up of popular collector-grade certified U.S. coins that are sure to impress collectors and enthusiasts of all interests and budgets.

A featured highlight from “The Lakeside Hoard” is a collection of 1932-D quarters in a wide range of grades – offering something for everyone who has ever dreamed of owning a coveted 1932-D in their collection!

Click here to view lots from “The Lakeside Hoard” in auction catalog 2830.

Stack’s To Offer Coins and Currency from the Eliasberg & Krause Collections in Baltimore

On March 2nd and 3rd, Stack’s will present items from The Eliasberg & Krause Collections, along with many other important numismatics properties at the Sheraton Inner Harbor Hotel in Baltimore, Maryland.

The sale includes items from over 80 consignors and offers over 2,500 lots of coins, tokens, medals, and currency.

In addition to the pieces offered from the Eliasberg & Krause Collections, Stack’s will proudly feature the Peter Scherff Collection of Colonial Coins, the Alan Bleviss Collection of Civil War Tokens Part IV, and selections from the Collection of Jerry Byrne, Sr.

Session One: U.S. Tokens, Medals, and Americana; U.S. Coins

Lot 40 – Ohio, Ashland. (1861-65) Ella Buchanan. Watchmaker. Fuld Rarity-9. MS-62 (NGC).

A modest selection of Hard Times tokens leads us into Part IV of the Alan Bleviss Collection of Civil War Tokens. This particular offering from this immense collection features nearly 300 lots of Ohio store cards. One interesting piece is a rare brass Ella Buchanan token from Ashland that was struck over a McClellan for President token! Cleveland issues include a rare A. & H. token, a Rarity-9 copper piece that is graded MS-63 BN by NGC. Following this piece is a somewhat cryptic Brattin token in copper-nickel; these were probably issued by the watchmaker as repair receipts and not intended as a currency substitute. Urbana tokens feature a copper C. McCarty token in MS-63 (NGC) and an MS-64 RB (NGC) example of the rare Walker’s Ale Depot issue in copper.


Lot 505 – 1855 large cent. N-10. Rarity-5. Slanted 55.
Proof-66 BN (PCGS).

The second half of Session One is comprised of U.S. coins from half cents through quarters, silver and gold commemoratives, sets and errors. Half cents feature a wonderfully appealing and desirable 1794 C-2a example in AU-55 (PGS) from the Pittman Collection and large cents provide a startling high grade Proof 1855 N-10 example. This Slanted 55 variety is graded Proof-66 BN by PCGS, and no Proof of this date has been certified finer in any color designation by PCGS. (more…)

Stack’s Sells $5 Million in Americana Rare Coin Sale!

Over the last two days, Stack’s held its annual January Americana in its private gallery in New York City. The sale began with a packed auction room and saw spirited and competitive bidding throughout both sessions.

Over 3,000 lots were sold, and $5 million worth of material changed hands. Properties from over 125 consignors were showcased in this sale, and included items from the Manhattan Collection, the Maryland Historical Society, the Clinton Sherwood Ward Collection of U.S. Gold Coins, Clem Schettino Collection of New Jersey Coppers, the Museum of the Fur Trade, the Alan Bleviss Collection of Civil War Tokens, Part III, and medals from the family of Charles E. Barber.

American Paper Currency began the sale, and Obsolete Currency led the way. The second lot of the sale was an exceptionally rare California and Salt Lake Mail Line $10 note, a note that was not represented in the Ford Collection and is only the second of its kind that we have catalogued. This very rare type is in Very Fine condition and sold for $18,400. Hawaiian obsolete currency offered the rare six-piece set of Lahainaluna Seminary scrip notes, a beautiful set of “token” currency that sold for $14,375. Obsolete notes also featured the exceedingly rare and important Union Bank of Missouri $5 note issued from the branch in Kansas City that sold for $8,050. New York notes showcased a breathtaking Ontario County Bank $1 Proof note from Phelps, NY that was once part of the Ford Collection. This Gem Uncirculated note sold for an impressive $8,625.

Colonial currency lots boasted the extremely rare New York 1709 Twenty Five Shillings in Very Fine condition. Only 800 notes of this denomination were authorized, and competition for this prize was fierce to the tune of $17,250. Vermont colonials offered the newly discovered example of the 1781 Half a Crown note. This item, graded Fine-15 by PMG, came to us via the Museum of the Fur Trade and was reportedly obtained in the Washington, D.C. area in the 1960s before that. It joined a new collection after a top bid of $12,650. (more…)

Stacks to offer 1792 Half Disme at Americana Sale

The first silver coin of the new United States. This denomination is one of the 1792 coins struck before the cornerstone of the new Philadelphia Mint was laid. Researchers Joel Orosz and Carl Herkowitz did considerable research on this issue and their findings were published in the ANS American Journal of Numismatics 15 in 2003.

half_disme_stacks_012610George Washington himself provided silver coins or bullion to provide the silver for this issue, approximately $100 in value of which $75 in face value in half dimes were produced (the mintage of 1,500 is believed true), the balance of the silver was likely scrap and its disposition is unknown.

These were struck in the cellar of saw maker John Harper as the new Philadelphia Mint was still under construction at the time these were coined. Finished coins were reported by Adam Eckfeldt to have been given to President Washington who distributed them as gifts to friends, many ending up going overseas.

The actual planchets were prepared and delivered to the mint by Thomas Jefferson, who made records of these actions in his personal journals.

As some were given out to dignitaries and friends, this accounts for the number of high-grade examples that are known today. However, the vast majority did circulate and like other early half dimes from that period are often found with considerable surface challenges.

The present example is among the finest known. NGC has certified six in this grade, only three finer, the highest MS-68. The obverse has minor adjustment marks on the rim where every precious grain of silver was measured and any planchet deemed too heavy was filed just enough to get to the correct weight. (more…)

Stack’s Sells Millions at 74th Anniversary Coin and Currency Sale in Baltimore!

Last week, Stack’s celebrated its 74th anniversary with a tremendous three-day auction sale of U.S. coins, tokens, and paper money. Significant realizations abounded in every category and the sale realized a total of nearly $5 million!

1937-D_3leg_stacks_112309The auction included selections from the Alan Bleviss Collection, the Jerry Byrne, Sr. Collection, the David Hickson Collection, the Chester L. Krause Collection, the Maryland Historical Society, the Mayflower Collection, the Minot Collection, the Robert A. Vlack Collection and much more.

Session One began with U.S. tokens and, after a nice selection of high quality Hard Times Tokens, presented Part II of the Alan Bleviss Collection of Civil War Tokens. This amazing collection is one of the most extensive holdings ever assembled, and the offering here provided more than 500 tokens from over 20 states. Highlights included the rare P.L. Geissler token from Evansville, Indiana that was overstruck on a McClellan presidential token, an R-9 example in MS-62 (NGC) that sold for $11,500.

The rare Logansport, Indiana token of H.C. Eversole, also an R-9 example in MS-62 (NGC), brought $4,600, and the gem Plainfield, Indiana M. Osborn token, an R-8 in Zinc graded MS-65 by NGC, garnered $5,462.50. U.S. Medals boasted the rare 1799 George Washington Funeral Medal, a gold uniface oval medal in AU condition that sold for $17,250.

U.S. coins offered a modestly sized section of Colonial and Early American Coins that featured several fantastic pieces. One of these items was the rare 1790 Standish Barry threepence. Graded VF-30 by PCGS, this item was formerly part of the collection of the Maryland Historical Society, and sold for a hearty $43,125. Another impressive piece was the remarkable 1797 Theatre at New York token, one of just 15 collectable pieces available today. This extraordinary item was graded Proof-64 RB (PCGS) and sold for $28,750. (more…)

Ponterio & Associates Nets $2.1 Million in Official November Baltimore Auction

Offerings from Several Countries, Including China and Venezuela, Surpass Expectations

ponterio_balt_results_1109Ponterio & Associates, Inc., the world and ancients auction division of Bowers and Merena Auctions, dazzled bidders with an extensive selection of coins and paper money from around the world as part of Bowers and Merena’s Official Auction of the November 2009 Whitman Coin & Collectibles Baltimore Expo. The combined auction realized more than $8 million, with Ponterio & Associates contributing an impressive $2.1 million to the total through sale of world coins and currency.

“We conducted a fabulous auction at the Baltimore Expo this November,” stated Rick Ponterio, executive vice president of Bowers and Merena Auctions. “World coin and paper money consignments were many and diverse, and they resulted in spirited bidding from collectors who were keenly aware of the fleeting buying opportunities that many of the lots represented. Offerings from several countries still amaze me with regard to the final prices realized. In particular, pieces from China, El Salvador, Norway, Russia and Venezuela greatly exceeded our pre-sale estimates, proving that there are active communities of highly specialized bidders who are not afraid to chase down the coins and/or notes that they need to complete their collections.”

“One particular coin whose performance impressed me is the Costa Rican 1828-CRF 8 Escudos,” continued Ponterio. “Certified NGC MS-62 and cataloged as a ‘RARE type and exceptional condition,’ this piece is also pedigreed to the renowned Eliasberg Collection. We estimated the coin at $25,000-$35,000 and offered it as lot 8392. The final realized price surpassed our expectations at $37,375.” (more…)

Bonhams to Hold First Coin Auction on December 3rd in New York

Collectors are eagerly awaiting the first sale of rare and exceptional Coins and Banknotes to be presented by Bonhams New York. Taking place on December 3rd, the sale consists of over 400 lots ranging from 1692 to the early 21st Century.

bonhams_120309_saleAmongst the most coveted lots will be an exceptionally rare 1796 $10 AU50 NGC . Bright green-gold with warm honey and orange highlights, the coin’s intense mint bloom glows broadly in the fields and within the protected design areas. The obverse is of the Turban Head type with stars to both sides. The reverse motif, also used on the contemporary half eagle, depicts the national bird solidly perched on a branch of palm, holding aloft a victory wreath without any olives or berries. The die work is excellent being BD-1, Breen-6832, Bass-3174, Taraszka-6, R.4, the only known die pairing for the year. From the earliest years of the regularly issued coinage of the United States which started in 1796, this highly important and elusive issue is estimated at $65,000-75,000.

Another lot certain to lure collectors is a 1915-S $50 Panama-Pacific Round. Considered one of the most desirable of Classic Era commemorative coins, it was originally issued to be sold at the 1915 Panama-Pacific International Exposition held in San Francisco. Due to the fact that most people could not or did not want to spend $50 for a collectible coin during the WWI period, many remained unsold. However, by the 1920s demand for the $50 pieces increased and has continued to grow. Featuring the helmeted head of Minerva on the obverse and an owl on the reverse, both sides are bathed in shimmering velvet bloom. Close examination of the surfaces yields the presence of an amazingly limited number of defects. This is the largest official coin produced by the United States Mint, and its rarity is a great accident of fate, as most of the unsold pieces were melted down. Estimated at $50,000-60,000 the rarity and importance of this issue, as well as the beautiful quality, make it an extraordinary collecting opportunity.
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Special Offering of NGC-Certified Coins in Maison Palombo Auction 8

ngc_french_auction_112909The November 28 auction includes a rich offering of NGC-certified European and South American coins

French dealers and auctioneers Maison Palombo offer a rich assortment of high-quality World coins in their upcoming Auction 8. The auction will be held at the Palais de la Bourse, Marseille, France, on Saturday, November 28, 2009. All 982 lots can be seen online at sixbid.com: Palombo Auction 8.

Nearly 400 lots included in the sale have been certified by NGC, making this one of the largest offerings of certified coins in a European auction this year. Included is the continuation of the collection of Monsieur le Chanoine Léon Matagne.

Numismatic author and one of the founding members of the European Numismatic Alliance, Matagne assembled an important collection of Belgian coins and a number of elusive patterns from his collection are featured in the sale.

Several important South American coins from the Caballero de las Yndias collection are offered, and, as with previous Palombo sales, there is an extensive group of exceptional quality French coins.

Click here to view selected Highlights at NGC

The Brackley Hoard Of Silver Groats Coins to be Sold

London auctioneers Morton & Eden expect bids of £30,000 for coins found in field

brackley_hoard_102209In the summer of 1465, as the Wars of the Roses raged, an unknown person hid his worldly wealth in a secret location in a Northamptonshire field and went into hiding. He never returned to claim his money.

In 2005 – 540 years later – a metal detectorist stumbled across the hoard of 324 silver coins and alerted the authorities. The British Museum, where the coins were researched and identified as silver groats, purchased 14 of them to be put on show to the public, while the remainder were returned to the metal detectorist who unearthed them and the land-owner on whose land they were found.

The two men have decided to keep 12 coins apiece as mementos, while the remainder will be sold by specialist London auctioneers Morton & Eden on Wednesday, December 2. The 186 coins, which were found in the Brackley area of Northamptonshire, are expected to raise a total of around £30,000, the money to be split equally between them.

After asking permission from the landowner to search the field, the detectorist was thrilled to find five coins on his very first attempt. “I was amazed,” the man said. “They were lying there about a foot below the surface. I couldn’t believe my eyes but I was convinced there were more, so I went back the next day and discovered the rest. There was no sign of a container, so I assume the coins were hidden originally in a cloth bag which obviously had rotted away over the centuries.”

The coins date mostly from the reigns of Henry V (1413-22) and Henry VI (1422-60). They are all silver groats (fourpenny pieces) and are relatively free from corrosion, although clearly, they had been in circulation for some time before they were hidden and had thus received some wear.

Said auctioneer Jeremy Cheek: “When they were in circulation, a silver groat would have been enough to buy a sheep. Thus, the hoard represents the value of a flock of a sheep, perhaps a man’s main asset. As there are no gold coins in the hoard, it does not appear to have been the property of a particularly wealthy person. The gold coin of the time, known as a noble, was worth 6s 8d (1/3 of a pound) which would have represented a lot of wealth for a poor person to hold in one coin. A new type of gold coin, the ‘ryal’ or ‘rose noble’ valued at 10s (1/2 of a pound), was introduced the same year the hoard was deposited. The hoard included two contemporary Scottish groats.”
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Stack’s 74th Anniversary Rare Coin and Currency Auction to be Held In Baltimore

Stack’s eagerly invites you to take part in our 74th Anniversary Sale, held this year in Baltimore, MD November 9-11, 2009. Stack’s is proud to celebrate our 74th year in the auction business by holding a star-studded auction event, replete with dazzling rarities at every turn. This auction will include U.S. coins, tokens, medals, and paper money, and includes selections from the Alan Bleviss Collection, the Jerry Byrne, Sr. Collection, the David Hickson Collection, the Chester L. Krause Collection, the Maryland Historical Society, the Mayflower Collection, the Minot Collection, the Robert A. Vlack Collection and much more!

stacks_102009

Lot 119. Illinois, Alton. Walter & Smith 10¢ Storecard. Fuld 10A-1b. Rarity-8. MS-63 (NGC).

Session One begins at 2:00pm on Monday, November 9th and leads off with U.S. tokens and medals, including over 500 lots from the Alan Bleviss Collection of Civil War Tokens. This incredibly diverse collection boasts tokens from all over the map, offering something for just about anyone. The group for sale here represents Part II of this magnificent collection, and covers over 20 states, including both Sutler tokens and Civil War store cards. Highlights include the rare brass Alton, Illinois Walter & Smith 10¢ store card, a Rarity-8 in MS-63 (NGC), and the Chicago, Illinois Robin’s Garden brass 5¢ token, one of just three known examples. Other rarities include the Logansport, Indiana H.C. Eversole token in MS-62 (NGC) and the Nashville, Tennessee Gold Pen Depot token, a Rarity-9 in the exceptional condition of AU-55 (NGC).

Lot 622. 1799 George Washington Funeral Medal. About Uncirculated.

U.S. medals offer a selection that is modest in size only. The famed Libertas Americana medal makes an appearance here; in AU-55 BN (NGC), this ex Ford piece is certainly an item to watch. Two lots later appears the gold 1799 George Washington oval funeral medal in About Uncirculated condition, a very rare type that would make a fine addition to any advanced Washingtoniana collection.

Lot 689. 1767-A French Colonies Sou. Proof or Specimen.

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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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Stack’s Philadelphia Americana Coin and Currency Auction To be Highlight of New Whitman Coin Show

Stacks Philadelphia Americana Sale, Part I, will be featuring American currency (Part II, with coins, medals, and tokens is in a separate catalogue). On September 23 and 24 all eyes in the world of paper money will be focused on one of the greatest sales ever held by Stack’s.

stacks_americana_mass_schilThis is the inaugural show held by Whitman in Philadelphia. As of today, the September gathering is already a success! Or at least there is every indication of such. A “sold out” notice has been posted by one recommended hotel near the Convention Center, and rooms are going fast at the others. Word has spread, and it seems that this paper money sale will be a gathering of eagles-with just about everyone in this specialty in attendance, or represented by an agent, or bidding in real time on the Internet.

Beyond Part I and Part II of the Americana Sale, Stack’s expect that the exposition itself will be a great drawing card. Hundreds of dealers will be on hand, and some great programs will be presented. Among these will be Dave Bowers’ telling of “Famous Numismatists I Have Met-from B. Max Mehl to Date.” You are cordially invited to attend. Similar to the spectacularly successful Whitman shows in Baltimore, the Philadelphia event is very conveniently located. Draw a 500-mile circle around the city and you will probably encompass 70% or more of the numismatists in America.

PART 1 – CURRENCY

Great Collectors, Great Collections

Beginning the sale is the Chester L. Krause Collection of Wisconsin Obsolete Currency, Part I. Chet, as he is known, founded Numismatic News in 1952. In time, his business acumen, energy, and enthusiasm combined to grow what became Krause Publications, with dozens of different magazines, reference books, and price guides, all based in Iola, Wisconsin. Several important texts bear his name on the cover, including the Standard Catalog of World Coins, used all over the globe, and, relevant to our present offering, Wisconsin Obsolete Bank Notes and Scrip. (more…)

Baldwin’s Auction 62 & 63 to Feature Ancient Greek, Roman and Byzantine Coins

The latest auction organised by Baldwin’s auction department begins with an impressive selection of Ancient Greek, Roman and Byzantine coins featuring a very rare Greek Medallion (lot 105, pictured below). It is presumed that this medallion was produced to commemorate an African victory of the emperor Commodus, although it appears to have few details of any specific campaign, and it is thought that this could be the specimen illustrated in Gnecchi.

baldwins_commodus_medalThe British section of the auction comprises over 400 lots and includes a collection of 69 Maundy Sets from the period 1660 – 2008, 38 lots of Anglo-Saxon Pennies and a fine selection of 5 Guinea pieces. Alongside these coins are a selection of high grade British 19th Century copper tokens, including some rare and unpublished varieties. A small but well-formed group of rare English banknotes, includes as the highlight, an Isle of Man, Bank of Mona Specimen £5 from 1867 (lot 596).

The first day of the auction concludes with a highly comprehensive range of world coins including an outstanding collection of Danish coins and an interesting group of South American and Spanish American coinage. The Danish collection of coins features many incredible rarities, including lots 605 and 652, a Christian III (1535-1559) Gold Gulden and a Christian VII (1766-1808) Gold Ducat, both desirable pieces, and an exceptionally rare square gold 6-Daler from 1604 (lot 606), which is possibly a unique die combination. The highlight of the South American/Spanish American collection is lot 706, a gold 8-Escudos which is among the “top five known” in quality for this date. These two collections are complemented by nice groups of coins from modern Cyprus, medieval Georgia and modern Greece.

An outstanding collection of Scottish gallantry and campaign medals forms the basis of the first part of the second day of the auction. Awarded, in the main, to soldiers with the surname Rennie, the most notable amongst the group is lot 1104, an extremely rare Great War Military Medal with two bars (pictured above). This particular medal was awarded to Private W. Rennie Gordon, a member of the Gordon Highlanders who were renowned for their bravery. (more…)

The Perfect Auctions-The Holmes And Nafzger Large Cent Sales

By Laura Sperber – Legend Numismatics

“The perfect auctions” we are talking about are the Dan Holmes and Ted Nazfger Large Cent auctions that just took place in Beverly Hills. Ira and Larry Goldberg (and staffs) did a spectacular job of organizing and auctioning these once in a life time sales.

ln_market_090909The results from these two sales let no one down-they were phenomenal and totally mind blowing! Prices realized and collector participation more than proved the coin market is starved for quality and has very strong and deep legs.

Last time we wrote about the middle date Nafzger Sale, we named it “the perfect storm”. We knew the coin that auction had sold ridiculously cheap and time would prove it out. The reasons why that sale had weaker results: the sale was held the same day (during) the Super bowl, the Goldberg’s Internet site crashed, the economy was seriously more uncertain than it is today, and a few new collectors to the series had just started. Its totally amazing how all these factors did a total reversal to yield some of the most amazing results ever and produce two greatly historical auctions.

THE DAN HOLMES SALE

The crowd was standing room only and was comprised mostly of serious collectors. There wasn’t just a buzz before the sale began, you could feel and jolt of electricity when you walked in the room. From our point of view we did not see the typical “crack out and coin docs” we run into at every show. Thank goodness they do not know how to work on anything than other than a white dollar or a gold coin. In fact, very few “main line” dealers like us attended.

It was a battle every lot to buy anything. The room was littered with deep pocketed individuals who came to buy. In the end, we witnessed at least FOUR collectors who spent OVER $1,000,000.00 each and several under bidders who had tried to do the same. Legend spent a lowly $300,000.00 for ourselves, and teamed up with a another dealer to buy another $600,000.00 worth of treasures. There were many “unknown” faces who came out of hiding for this sale and they were as aggressive as someone you’d see who attends every show and auction. (more…)

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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Classic Coin Rarities From Brazil to China To anchor Heritage Long Beach World Coin Auction

Heritage to present 2,800-lot survey of global coinage, ancient and antique, Sept. 10-13 in Long beach, CA

An auction event featuring numismatic treasures spanning the four hemispheres of globe is set to take place at Heritage’s Sept. 10-13 Long Beach, CA Signature® World Coin Auction, at the Long Beach Convention Center, 100 S. Pine Avenue, Long Beach, CA.

ha_sept09_world_lb“We’ve put together a very strong, marvelously focused auction,” said Warren Tucker, Director of World Coins at Heritage Auction Galleries. “After spending a great amount of time gathering and cataloging these coins it’s very gratifying to see the great auction quality we’ve produced for this event. Even better, there are coins in here for collectors of all types and all levels.”

Leading the way for world coin aficionados is a classic and extremely rare Chinese coin, a Mint State Chihli Tael, Year 33 (1907), KM-Y74.1, L&M-438, MS63 NGC. This coin is as sculptural as they come, and carries an appeal equally strong numismatically as it artistically. As a classic and exceedingly uncommon issue of the Chinese late Empire series it is bound to be a hotly contested lot. It carries an estimate of $80,000-$120,000.

“This coin is as attractive as they come,” said Tucker. “It’s fully lustrous with a wonderful gold and gray patina along with superbly defined details on the dragon. There are a lot of collectors bound to be very excited by this coin.”

One of Latin America’s most intriguing coins, the famous Coquimbo Republic Peso 1828-TH, KM88, WR-10, Eliz-98, XF45 NGC, is certain to generate some serious bidding along with equally serious discussion as the coin presented here is an unquestionably authentic type “A” of this issue, and if you know your world coinage then you know there has long been debate over the authenticity of several examples. It carries an estimate of $30,000-$40,000.
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