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All Posts Tagged With: "Houston Coin Show"

Early U.S. coins, classic proofs headline Houston Auction

Early U.S. coinage and classic proofs, including one of the finest known 1895 Morgan dollars, are the twin strengths of the Heritage Auction Galleries December 2010 U.S. Coin Auction, to be held in conjunction with the Money Show of the Southwest in Houston, TX. Floor sessions are Dec. 2-3.

With Featured Collections such as The W. Philip Keller Collection of U.S. Colonials and The Eagle Harbor Collection, Part Two lined up, we knew this auction was going to be heavy on early U.S. coinage. The many great proof coins we’re going to offer were more of a surprise, though definitely a welcome one.

Perhaps the most surprising lot of them all is an 1895 Morgan dollar graded PR68 Ultra Cameo by NGC. This example from what is arguably the most famous Morgan dollar issue combines great condition with immense popular demand. It is estimated at $90,000+.

For many years, collectors believed that there were business strike 1895 Morgan dollars out there waiting to be discovered, and in the meantime, they collected proof examples to fill the gap. Today, there is growing acceptance that the business strikes may never be found, but this has hardly dampened enthusiasm for the proofs.

Just 880 proof Morgan dollars were struck in 1895 for inclusion in the year’s silver proof sets. Perhaps half that number survive today, but only a handful of those coins are in a condition approaching the PR68 Ultra Cameo level.


On the early coinage side, the most prestigious pedigree belongs to a 1793 Wreath cent with Vine and Bars edge, S-5, B-6, graded MS61 Brown by PCGS. It is estimated at $50,000+.

This coin has been well-recognized and important to collectors for more than a century. It was first highlighted in the auction catalog for the Dr. Charles Clay Collection, sold all the way back in 1871. After that, it passed through a series of famous hands, including W. Eliot Woodward, Lorin G. Parmelee, and Wayte Raymond. We expect another name with plenty of future appeal to add this prestigious and carefully preserved coin to his or her collection. (more…)