U.S. coins are 99% sold by value and lot
Dallas, Texas (May 2, 2018) — Hobby-changing discoveries of world and U.S. coins paced Heritage Auctions’ late April Chicago Coin Expo (CCE) and the Central States Numismatic Society (CSNS) auctions to $38,150,247, registering a 99 percent sell-through rate by value and lot for U.S. Coins.
“It’s no exaggeration this season’s auction offered some of the most important discoveries and once-in-a-lifetime opportunities to own some of the rarest coins known to exist,” said Greg Rohan, president of Heritage Auctions. “As expected, the hobby didn’t ignore the opportunities and we saw spirited bidding across every numismatic collecting category.”
With offerings spanning the United States, world and ancient coins, and world and U.S. currency, the April 26 through May 2 auctions delivered stunning, six-figure sale prices across every category.
Pedigree and Rarity Pushes U.S. Coins to $20,981,477
The selection of U.S. Coins included an 1836 Classic Head Quarter Eagle — a rare Proof specimen carrying the most illustrious pedigree of all of the estimated seven examples known — that sold for $396,000. The new owner of the PR-65+ Deep Cameo may now add their name alongside those of famous numismatists Lorin G. Parmelee, John Mills, William H. Woodin and Louis Eliasberg, Sr., among others, who owned the piece during its 182-year history.
The extraordinary 1915-S Panama-Pacific Round $50 Gold Piece sparked lively bidding, which pushed the auction price to $336,000.
One of the most memorable lots in the sale was an 1854-S Quarter Eagle, VF-35, which sold for $264,000, a branch mint gold rarity being one of only 12 specimens left of its kind.
An 1883 Liberty Double Eagle, PR-64 Deep Cameo, one of 26 examples certified from the small Proof-only mintage of 92 pieces, closed at $204,000, and a Matte Proof 1911 $10 Indian, PR-67, one of only 95 examples struck, proved irresistible to bidders as it sold for $192,000, a signal that demand for Matte Proofs of the iconic Saint-Gaudens gold shows no signs of cooling any time soon.
Additional top prices for U.S. Coins include:
- $180,000 – 1796/5 Capped Bust Right Half Eagle, MS-62, the earliest gold overdate with provenance to the Eliasberg Collection.
- $168,000 – 1797 O-102 Draped Bust Half Dollar, AU-55+, the second finest recorded in numismatist Jon Amato’s exhaustive census of the 3,918 coins produced.
- $144,000 – 1796 Quarter Draped Bust, MS-62, a Prooflike example of the 6,146 struck.
Heritage Auctions is one of the largest fine art and collectibles auction houses founded in the United States. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam, and Hong Kong.
A popular auction-house website, Heritage Auctions has over one million registered bidder-members and searchable free archives of four million past auction records with prices realized, descriptions, and enlargeable photos. Reproduction rights are routinely granted to media for photo credit.
Press release courtesy of Heritage Auctions.