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All Posts Tagged With: "Flowing Hair Dollar"

Bowers and Merena’s Boston Coin Rarities Auction Exceeds $9.3 Million in Sales

Bowers and Merena Auctions realized an impressive $9.3 million at its Boston Rarities Sale on Aug. 7. The sale, conducted in two sessions with 1,750 lots, featured the rare condition census #4 1794 Flowing Hair Silver Dollar, certified MS-64 by NGC, that sold for $1.2 million.

The prominent attraction at the Boston Rarities Sale was lot 1005, the historic and extremely rare Virgil Brand-F.C.C. Boyd-Cardinal Specimen of the 1794 Flowing Hair Silver Dollar. Bidding opened at $750,000 and escalated due to intense competition between floor bidders then ended with the winning bid placed by a telephone bidder. The piece sold for a remarkable $1,207,500 – the highest price ever paid at auction for a 1794 Silver Dollar.

“We are extremely pleased about the results of the Boston Rarities Sale which saw spirited bidding in all areas of U.S. coinage,” said Greg Roberts, CEO of Bowers and Merena Auctions. “We had tremendous bidder interest with an outpour of praise about our catalog and offering, long lines that formed outside the lot viewing room, and most importantly, active participation in the auction room. The market as a whole is very ‘quality conscious’ these day, and Bowers and Merena was proud to offer an impressive array of coins that enticed fierce competition between bidders.”

Along with the 1794 Silver Dollar, the Boston Rarities Sale included several prominent collections including the Ostheimer Specimen of the 1870-S Seated Liberty Silver Dollar, Platinum Star PCGS Registry Set of Two-Cent Pieces and Fontaine Collection. The Ostheimer Specimen of the 1870-S Seated Liberty Silver Dollar, the fourth-finest of only nine coins in existence, realized $632,500. With record prices for many of the pieces, The Platinum Star PCGS Registry Set of Two-Cent Pieces featured coin was an 1873 Two-Cent Piece, closed 3, proof-67 red in a PCGS secure holder that realized $52,900.

Rare 19th century U.S. gold coinage also performed well at the Boston Rarities Sale. Many of these offerings were pedigreed to the Horseshoe Collection. Highlights of this collection include lot 1543 and lot 1828. Lot 1543, an elusive proof-only 1863 Quarter Eagle in NGC/CAC Proof-63 Cameo, changed hands for $54,625. Lot 1828, a very rare 1858-O Liberty Double Eagle with a unique MS-61 PL grade from NGC went to the winning bidder for $57,500.

The Fontaine Collection, which had opening bids totaling $82,000, brought more than three times that amount with final prices realized of more than $265,000. All 25 coins in this collection were PCGS certified in first-generation holders and CAC approved. The star of the collection was lot 1430, the Eliasberg Specimen of the 1850 Gold Dollar, sold for $54,625 in PCGS/CAC MS-67. (more…)