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All Posts Tagged With: "Unique"

Astonishing 1907 Denver Mint Double Eagle ($20 gold coin) Sells for More Than a Half Million Dollars

by Greg Reynolds for CoinLink

I. The Sale of this 1907-D $20 Gold Coin

During the course of the January 2010 FUN Convention in Orlando, arrangements were finalized for the sale of a 1907-Denver Mint Double Eagle that is possibly unique in Proof format. It is NGC certified as “Proof-62” with a “Farouk” pedigree noted. It is thus indicated that it was formerly in the epic collection of King Farouk.

In November 2009, Carlos Cabrera, Executive Vice President of Park Avenue Numismatics, acquired it from a collector. This coin became the star of the FUN bourse floor. Cabrera then finalized the sale and handed it to a buyer of rare and important coins. Cabrera reports that the price “was well above a half million dollars.”

There is no evidence of another specially struck 1907-D Double Eagle ($20 gold) existing. It has been suggested that Proof 1906-D Double Eagles exist. I have seen the 1906-D that the PCGS has certified as “Specimen-66.” While that 1906-D Double Eagle is a wonderful coin with a very distinctive appearance, I find that this 1907-D Double Eagle fulfills the criteria for a Proof and that 1906-D does not. (more…)

NGC Certifies Classic South American Gold Coin Rarity

The unique Ecuador 1862 50 Francos will be auctioned in January as part of Heritage’s Signature World Coin Auction in New York.

ngc_equador_unique_101509NGC recently certified the unique Ecuador 1862 50 Francos struck in gold. This classic rarity of 19th-century South American coinage is an experimental denomination that conforms to the European coinage standards of the era. It is graded NGC AU 55.

The coin first appeared in published texts in 1956, offered by Robert Friedberg in the November issue of The Numismatist from that year. Scholars believe that he acquired the coin from the Virgil Brand estate. After four more auction appearances between 1957 and 1976, it was sold into a private collection where it has remained since.

Although originally listed in Standard Catalog of World Coins as “unique” alongside the regular issue coinage of Ecuador, it was re-catalogued as a pattern coin in 1986, and this reference number is provided on the NGC certification holder. Although its exact origin and occasion for issue are uncertain, a related 5 Francos silver coin was struck for circulation in Ecuador in 1858. That coin contained 25 grams of 900 fine silver — identical weight and fineness to the 5 Francs and other crown-sized European silver coinage.

Some speculate that the coin was produced at the Paris Mint because an “A” mintmark appears beneath the bust of Bolivar. The quality of die engraving, however, seems incompatible with the superior work of Albert Desire Barre, who engraved for the Paris mint at the time, and best evidence suggests that dies were executed in Ecuador. The coin’s obverse shows a profile bust of South American liberator Simón Bolívar, and the reverse displays the coat of arms of Ecuador, above QUITO, the capital city and location of Ecuador’s mint.

After being off the market for three and a half decades, this coin will be auctioned on January 3–4, 2010, as part of Heritage’s Signature World Coin Auction in New York.