March 2020 Stack’s Bowers auction sells for over US $ 26.59 million
Eleven sessions of US coins and paper money gross over $ 37.5 million in total
The Stack’s Bowers Galleries The March 2020 auction marked the successful start of the company’s 2020 season of flagship US coin sales. Originally scheduled to take place in Baltimore alongside the Whitman Coin and Collectibles Spring Expo, the auction moved to Stack’s Bowers headquarters in Orange County, California following the cancellation of all public events in the state of Maryland in response to the COVID 19 pandemic.
Despite these uncertain circumstances, the sale was incredibly successful, with most sessions earning significantly above their pre-sale estimates that had been determined during the production of the catalogs.
In total, over $ 26.59 million worth of U.S. coins have been sold, demonstrating the resilience of the coins market and Stack’s Bowers Galleries ability to connect bidders with rare and desirable numismatic treasures. In total, the company’s March 2020 auction saw more than $ 37.5 million in coins and paper money pass through the auction block.
All prices include buyer’s fees.
Numismatic and Colonial Americana
First session of the sale, held on Wednesday March 18, presented American numismatic and Colonial currency, including an impressive selection of United States Testing Commission medals of Richard Jewell Collection. A 1916 silver medal through George T. Morgan with the WOODROW WILSON incuse edge made $ 9,600 in lot 219 while the bronze medal 1932/31 through John R. Sinnock and Adam pietz in MS-69 (NGC) sold for $ 4,560 (lot 236).
About one 1811-1815 Stamp of the planters’ bank on a cut American Spanish 8 Reales was offered in lot 344. This copy AU-55, genealogical from the collections of Colonel James W. Ellsworth and John work garrett, sold for $ 15,600.
As the sale moved to colonial rooms, state brass became a 1786 Connecticut copper, Miller 2.2-D.2, classified Fine-15 (PCGS) and pedigree at Robert M. Martin Collection bring $ 9,000 in lot 404.
In lot 436, a Rarity-7 + 1786 New Jersey copper, Maris 24-M, Wide Shield, was tendered until $ 45,600.
President of the company Brian Kendrella pointed out at the end of the session that âOur staff has been fully booked with the processing of pre-sale bids and the setup of telephone bidders for each of the upcoming auction sessions. And our superb online auction software carried the load, as is the norm in today’s auction world. It’s hard to keep enthusiastic collectors on the sidelines when there are so many auction options to use and high-quality numismatic material is running through the block.
Rarities of classic American coins
the ESM collection of half cents was a focus of interest when it was exhibited at major conventions in the previous months, and this interest was fully visible when the ESM collection opened on Night session on rarities Thursday March 19.
The session opened with lot 3001, a 1793 Liberty Cap Cohen-3 in MS-63 BN (PCGS) which sold for $ 84,000. The Liberty Cap half cents continued to play as 1794 Cohen-1a graduated MS-62 BN (PCGS) produced $ 43,200 (lot 3002) and a 1794 Cohen-9 in MS-63 BN (PCGS) has been tendered for $ 72,000 (lot 3003).
The Classic head section also saw several pieces selling well in five figures, including lot 3035, a 1809 / ‘6’ in a former green PCGS holder at MS-65 BN and with CAC approval that will fetch $ 36,000.
The most anticipated deals of the session included a pair of Incredibly Rare Trade dollars of E. Horatio Morgan Collection. Offered in lot 3215 was a 1884 Trade dollar which ranks as the fourth best of 10 known examples at a Proof-64 + Cameo (PCGS) grade. It was last offered at auction in Stack of January 1984 sale of the Carter Family Collection where he grossed $ 45,100. He then sold for $ 552,000 in the March 2020 Stack’s Bowers auction. 1885 Commercial dollar, the second most beautiful of the five known, was presented in lot 3216. Graded Proof-64 (PCGS), it sold for $ 1,320,000.
Along with those two trading dollars were plenty of world-class rarities during the session, including four additional lots that split into six digits.
The only best Sitting freedom half dollar won $ 120,000 in lot 3167, while a Gem Saber Proof 1913 Saint-Gaudens double eagle executed $ 162,000 at lot 3275.
A pair of 1915-S Panama Pacific Expo commemorative $ 50 gold coins were offered in well-matched qualities of Proof-64 + (PCGS) CAC in lot 3280 (round) and lot 3282 (octagonal); they realized $ 108,000 and $ 102,000, respectively.
The D. Brent Pogue Collection, Part VII
Almost three years later Part V of D. Brent Pogue Collection hit the market, the most valuable coin collection ever sold cemented its grip on the record books with over $ 15 million in additional sales, increasing the total realized prices to $ 131,298,560. Most of the bidders participating online, the 420 United States set up lots of Part VII achieved 104% of their high presale estimates, which were determined long before the recent economic difficulties.
Included were two coins that are among the most famous rarities in the entire United States Mint Kingdom. Topping all sales was the finest known example of the legendary 1854-S half eagle, the first $ 5 gold coin minted at San Francisco Currency. Pedigree at Eliasberg collection, PCGS AU-58 + Pogue is the best example of the three that still exist. He realised $ 1.92 million after 38 years out of the market. A Proof-55 (PCGS) example of the “King of American Coins“, the Berg-Garrett Class III 1804 dollar, bring $ 1.44 million.
TO $ 408,000, the famous “Little princess” 1841 Quarter eagle proof from the Pogue collection set a new world record for the type. Pedigree at Eliasberg and Bass collections, the Pogue specimen is rated Proof-64 CAM (PCGS) and is considered the best in private hands.
Another world record was set by the best known 1854-S quarter eagle, formerly in the FCC Boyd and Harry W. Bass, Jr. collections. Grade AU-50 (PCGS), the low mintage rarity brought $ 384,000, surpassing a 15-year record for the date.
The MS-66 District 1896-S, tied for the best certified, brought $ 96,000 and MS-67 + (PCGS) 1901-S Barber’s Quarter executed $ 180,000.
The MS-65 (PCGS) 1918/7-D surdate Standing Liberty Quarter blown away by estimates, selling for $ 90,000.
The District 1919-D is a major condition rarity in superb gem qualities, pushing the Pogue MS-66 + FH (PCGS) to a final price of $ 114,000.
The Pogue classified PCGS Washington neighborhood ensemble has won accolades for both superb notes and spectacular toning. While most coins are priced between a few hundred and a few thousand dollars, collectors bid well beyond these levels. The beautiful District 1932-S in PCGS MS-66 brought $ 43,200 against his estimate of $ 20,000 to $ 25,000.
The opposite of high-quality parts – the ‘low-ball’ set of Pogue – also saw frantic auctions, led by a Poor-1 (PCGS) 1938 New Rochelle commemorative half dollar, a rarity of condition that brought $ 4,080.
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With over $ 25.59 million worth of U.S. coins sold in their March 2020 auction, Stack’s Bowers Galleries has demonstrated its superior ability to stage a successful major sale in the face of unforeseen global uncertainty. The company is now looking towards its 2020 summer auction season, including its official auctions of Whitman Summer Expo in Baltimore and the ANA World Money Fair in Pittsburgh. Stack’s Bowers Galleries invites submissions to both auctions and expects the success of their March sale to extend to these flagship events. Contact them today at [emailÂ protected] Where 800-566-2580 speak with a numismatic expert.