Flowing Hair Stellas Leads US Heritage Coin Auction Above $16.5 Million

A 1879 Stella flowing hair sold for US$184,500 to direct Heritage auctions Long Beach Expo U.S. Coin Auctions at $16,503,414. The event attracted 3,560 bidders from around the world and generated perfect sell-through rates of 100% in value and lots sold.

the 1879 Floating Hair Stella, Judd-1635, Pollock-1833, JD-1, R.3, PR65 Cameo NGC who won the highest prize of the event was one of the two Flowing Hair Stellas topping the final results. Another 1879 Floating Hair Stella, Judd-1635, Pollock-1833, JD-1, R.3, PR65 NGC won an auction of $174,000.

Stellas were originally minted as a coin exchangeable for five European currencies. Two varieties were created: one with curly hair and another – like the first two batches of this sale – with flowing hair.

The event continued an extraordinary start to 2022 for Heritage’s U.S. Coins Department: the U.S. Coins Auction at January US FUN Coin Auctions soared to $65,422,650 in total sales, part of the combined $74 million for the event.

“Rare date gold coins soared in this auction, setting the stage for high prices,” President of Heritage Auctions Greg Rohan mentioned. “It is clear that rare date and record quality coins are attracting increased interest from collectors, with auction prices to prove it.”

Also reaching $174,000 was a 1795 Bust wearing a Right Eagle headdress, MS61And one 1862 Liberty double eagle, MS63+★. The latter more than doubled the previous record of $78,000, which was set at the Heritage auction in August 2020.

the 1795 Bust Capped Right Eagle is from the first year when the United States currency minted gold coins; the half-eagles were struck first, followed by a delivery of 1,097 Bust with headdress Right eagles. This example depicts the 13-leaf variety BD-5, the last variety struck. It comes from an existing population of only 35-45 pieces.

the 1862 Liberty Double EagleMS63+★ is the most elusive Type One Liberty double eagle of Philadelphia Mintexcluding irrecoverable 1861 Reverse Package, and examples in all grades remain rare. Eight were recovered from the wreckage of SS Republicand another in the treasury of the SS Brother Jonathan, but no great treasure has been discovered; the surviving population in all grades has been estimated at 150-200 specimens, most in the XF-AU range. This specimen is the second-best certified example from both major grading services, thanks to its Plus and Star designations.

Three pieces – one 1932 Saint-Gaudens double eagle, MS65a 1884-S Dollar Morgan, MS64+And one 1886-O Dollar Morgan, MS65 – drew winning bids of $156,000.

the 1932 Saint-Gaudens double eagle is one of the rarest late saints, often in high demand at auction. The extant population was estimated at 75-95.

the 1884-S Dollar Morgan is undeniably rare: most of the $3.2 million strike of 1884 produced by the San Francisco Mint have been put into circulation. Most of the coins held by the government were probably melted down in 1918 under the provisions of the Pittman Law, meaning that relatively few were saved. Uncirculated coins are coveted, and for good reason: NGC and PCGS combined to certify only 25 examples in MS64 (two in 64+), with only six finer examples.

the 1886-O Dollar Morgan, one of only three noted by PCGS in MS65 (one in 65+), comes from a problem that was not well done. It is estimated that two to four million coins were put into circulation; the majority of the minting was preserved in government warehouses and most of these coins were probably melted down in 1918, under the provisions of the Pittman Act. The 1886-O was not well represented in the Treasury releases from the 1960s, alerting collectors and dealers for the first time to its elusive nature in high quality. Third party grading has established the 1886-O as a top condition rarity in the series for the past 35 years.

Other auction records include:

  • A 1870-CC Liberty Eagle, VF25 climbed to $78,000; the previous record for a VF example was the $66,000 made at the Heritage auction in February 2018.
  • A 1883 Morgan Dollar, MS68, with a stunning obverse tone, got 23 bids before closing at $34,800 – the only example from this date to bring more was a graduated “plus” example. This piece set a new standard for a 68 without the “plus” note.

Also reaching $78,000 was one of the most intriguing pieces of the sale, a 2001-D Lincoln cent — Muled with a Roosevelt dime reverse — MS65 Red PCGS. A mule is a coin minted with mismatched dies. In the long history of the United States Mint, only a few dozen mules are known, and most are unique. Of all the mule possibilities in American numismatics, the most likely to occur is the Lincoln cent/Roosevelt dime mule, largely because the diameters of the cent (19 mm) and dime (18 mm) are similar, and each type is from a high mintage. . Heritage Auctions experts know five of these pieces; the example offered here is the second known 2001-D cent/dime mule.

Another error piece that gave an outstanding result was a 1977-D Dollar Eisenhower, MS63, which drew 21 bids before closing at $26,400. A clothed Dollar Eisenhower should weigh 22.7 grams, but this example tips the scales at 24.9. It has been reported that around 15 coins – including this one – are known to have been minted on planchettes intended for 40% silver San Francisco Bicentennial Ike Dollars.

Other highlights included, but were not limited to:

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