(Lincroft, NJ — September 27, 2019) Legend Rare Coin Auctions presented its 34th Regency Auction on the evening of September 26, 2019, at the Bellagio, and as usual, high-end quality performed very well. Online, in person, and phone attendance at the auction, which was held as the official auction for the PCGS Members Only Show, set another record for the firm. Since its founding, LRCA has presented curated boutique auctions that focus on high-quality rare U.S. coins, attracting today’s most advanced and sophisticated collectors to participate as both consignors and buyers. This matching of the best coins from the best sources to the best buyers has resulted in exceptionally strong results. Regency Auction 34 was no exception to this trend.
Taking top honors was lot 165, a Gem MS-65+ 1926-S nickel graded by PCGS and endorsed by CAC, realizing $246,750 — a record for any PCGS-graded example of the date (note: all prices included in this press release include the firm’s 17.5% buyers’ premium). This amazing coin, tied for finest PCGS certified, is now a part of a world-class collection of nickels.
“Even though the overall market seems somewhat sluggish, our sale was very healthy,” said Julie Abrams, president of LRCA. “Trends that we have seen over the last year or so are consistent, and we think that the market for ‘average’ coins has finally found its bottom. Nickels seemed to draw the most attention as a denomination. The Meridian Collection of Proof Liberty Nickels saw some of the most active bidding in the entire sale. The results proved that high quality and eye appealing coins, even if they are not Top Pop, will still bring very strong results. We saw this elsewhere in the sale as well,” Ms. Abrams continued.
“Exciting coins,” explained the firm’s founder Laura Sperber, “created exciting results. There were a number of record-shattering prices realized, which when added to the 92 record breakers that we had in the first half of 2019, will bring the total to well in excess of 100 new all-time world record prices realized in auction by the firm this year.”
“While activity prior to the sale showed that bidding activity would be strong, it is very interesting how big a surge of bidding took place during the sale, and there were many lots that saw protracted bidding wars break out between phone and floor bidders or several online bidders going up against each other.” Matt Bell, executive VP of LRCA, said:
Overall, we had a very successful auction, and we are pleased with the results! Just look at these incredible prices realized:
Lot 5: 1C 1856 Flying Eagle. PCGS PR-66 CAC realized $70,500
Lot 107: 5C 1876 PCGS PR-67 DCAM realized $17,625
Lot 125: 5C 1892 PCGS PR-67+ CAM CAC realized $18,213
Lot 150: 5C 1896 PCGS PR-67+ CAC realized $15,275
Lot 165: 5C 1926-S PCGS MS-65+ CAC realized $246,750
Lot 180: 5C 1936 Brilliant. PCGS PR-68+ realized $39,950
Lot 215: 10C 1939-D PCGS MS-69 FB CAC realized $42,300
Lot 236: 25C 1899-S PCGS MS-67 CAC realized $9,694
Lot 255: 25C 1950-D PCGS MS-67+ CAC realized $7,638
Lot 271: 50C 1845 PCGS MS-64+ realized $16,450
Lot 282: 50C 1883 PCGS PR-66 CAM CAC realized $9,694
Lot 303: 50C 1940 PCGS MS-68+ CAC realized $29,375
Lot 311: 50C 1949-S PCGS MS-67+ FBL CAC realized $18,213
Lot 324: 50C 1963 PCGS MS-66+ FBL realized $85,188
Lot 399: $1 1885-S PCGS MS-66+ CAC realized $19,975
Lot 407: $1 1889-CC PCGS MS-63+ PL CAC realized $99,875
Lot 422: $1 1897 PCGS MS-67+ CAC realized $24,675
Lot 434: $1 1904-O PCGS MS-67 CAC realized $15,275
Lot 450: $1 1926-S PCGS MS-66+ CAC realized $41,125
Lot 451: $1 1927 PCGS MS-66 realized $30,550
Lot 463: $2.50 1893 PCGS MS-67+ CAC realized $27,025
Lot 468: $2.50 1883 PCGS PR-66+ DCAM CAC realized $52,875
Lot 498: $20 1892-S PCGS MS-65 realized $19,388
“What we can tell from these results is the Set Registry program is bringing more and more people to bid in auction for top-grade specimens, especially in popular 20th-century series,” said Greg Cohen, senior numismatist of Legend Rare Coin Auctions. “Top grade Proof Liberty nickels, top pop Mint State 20th-century coins, especially Franklin half dollars, have over-performed. Just look at the 1939-D dime in MS-69 FB CAC and the 1963 Franklin half in MS-66+ FBL!”
Legend Rare Coin Auctions next sale is a special Regency Event, called Exclusively Legend, which features the properties of five of Legend Numismatics’ long-time customers and will be held on Thursday, October 24, at the New Orleans PCGS Members Only Show. Consignments are now being sought for the December Regency Auction 35. For more information about these auctions, or to consign, contact Legend’s consignment specialists: Julie Abrams, president, at ; Greg Cohen, senior numismatist, at ; or Jessica Berkman, consignment director, at .
A final note from Laura Sperber:
We have already received so much great feedback from consignors and successful bidders, many of whom said they cannot wait to participate in the next Regency Auction. Space is filling up quickly; we already have over 250 coins in house for the December sale, so get your coins to us as soon as possible to ensure your place in Regency Auction 35!
Legend Rare Coin Auctions is a boutique numismatic auction company specializing in fine and rare U.S. coins. Founded in 2012 by Laura Sperber, the owner, and president of Legend Numismatics, the premier rare coin retail firm. LRCA was, from the outset, designed to be a different kind of rare coin auction firm. LRCA’s staff of numismatic auction industry veterans includes Julie Abrams, president; Greg Cohen, senior numismatist; and Jessica Berkman, consignment coordinator. The firm’s Regency Auctions serve as the official auction for the PCGS Members’ Shows, held six times per year. Since its founding, LRCA has sold many important collections, resulting in world-record prices, including the Coronet Collection of Morgan Dollars (#1 all-time PCGS set); the David Hall — Bob Simpson Collection of Liberty Head Eagles; the Sunnywood-Simpson Collection of Morgan Dollars; the Phil Flannagan Collection of Territorial Gold, Toned Dollars, and 1795 coins; duplicates from the Gerald Forsythe Collections of Buffalo Nickels and Mercury Dimes; the Bob Simpson Collection of Standard Silver Patterns; the Northern Lights Collection of Monster Toned Morgan Dollars; the Crow River Collections of Indian Head $10s and Peace Dollars; the P.F.M Collection (former #6 PCGS Set of Morgan Dollars with varieties); the Oak Crest Collection of Carson City $5 gold; the Konstantine Collection of Capped Bust Half Dollars, the #1 PCGS Set of Red Book varieties, 1807-1836. The firm’s impressive record also includes the 2nd highest APR in 2016 with the sale of Bob Simpson’s duplicate 1879 $20 “Quintuple Stella,” which realized $1,880,000. To consign to an upcoming auction, visit the website of Legend Rare Coin Auctions and contact a consignment specialist today.
Press release courtesy of Legend Rare Coin Auctions.