Early U.S. Proof Coins from the Legacy Collection Featured in the Stack’s Bowers Galleries August 2023 Auction

Presented as part of the Legacy Collection, these rarities include a Proof-64 (PCGS) 1821 Capped Bust quarter rated Rarity-7+ and a Proof-58 (PCGS) 1828 Capped Bust half dollar, O-118a, that is thought to be unique in this format.

by Stacks Bowers Galleries | Published on July 11, 2023

Costa Mesa, CA – Stack’s Bowers Galleries is thrilled to offer a pair of extremely rare early U.S. Proof coins from the Capped Bust series in their August 2023 Global Showcase Auction. Presented as part of the Legacy Collection, these rarities include a Proof-64 (PCGS) 1821 Capped Bust quarter rated Rarity-7+ and a Proof-58 (PCGS) 1828 Capped Bust half dollar, O-118a, that is thought to be unique in this format.

Among the rarest category of classic U.S. Mint coinage, early Proofs can usually be counted on one hand for a particular issue and the number available for private ownership is generally even fewer as examples are often held in museum collections. For those in private hands, market appearances are often separated by many years, if not decades. It is a significant occasion when any pre-1858 Proof coin is offered in the modern numismatic market, and the appearance of two such examples in the Stack’s Bowers Galleries August 2023 sale represents a great opportunity for sophisticated collectors.

The Proof-64 (PCGS) 1821 Capped Bust quarter is a newly confirmed addition to the census, having just been certified as a Proof by PCGS ahead of this sale. Attractively original in preservation, the surfaces are beautifully toned in a bold array of iridescent rose-gray, salmon-pink, reddish-apricot and cobalt blue.

Produced in small numbers for official purposes or otherwise by special request, Proof 1821 quarters have been major numismatic rarities since the year of issue. Remarkably, the mintage was never recorded by Mint personnel. Through their research, Stack’s Bowers Galleries has identified six Proof 1821 Capped Bust quarters in total, including uncertified examples. The Proof-64 (PCGS) offered in the firm’s August 2023 sale deserves the undivided attention of advanced specialists.

The Proof-58 (PCGS) 1828 Capped Bust half dollar is another extremely rare coin. Researcher Walter Breen mentions this exact specimen in his Proof Encyclopedia, although he states that it is "unverified" as he did not have the opportunity to examine it. More than three decades later, this assumption has finally been confirmed by PCGS and the experts at Stack’s Bowers Galleries. This coin may very well be the only surviving example from the O-118a dies to show Proof surfaces. A powerful testament to the extreme rarity of this issue is that fact no Proof example was included in the Pittman, Eliasberg and Garrett collections.

This Proof-58 (PCGS) example now ranks as the only Proof 1828 half dollar of any Overton attribution certified by PCGS and NGC. It is a coin that, once purchased, will surely be cherished as a leading highlight in a world class numismatic cabinet.

For questions on either of these monumental early Proof coins from the Legacy Collection or to order a copy of the printed catalog, contact Stack’s Bowers Galleries at (800) 458-4646 or email info@stacksbowers.com . The complete Stack’s Bowers Galleries August 2023 Global Showcase Auction will be posted for pre-bidding on the firm’s website in mid-July. Stack’s Bowers Galleries is currently accepting consignments of U.S. coins, currency, and Physical Cryptocurrency for their November 2023 Showcase Auction and monthly Collectors Choice Online Auctions.

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Source: Stacks Bowers Galleries

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Stack's Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.

Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Santa Ana, California, with offices in New York, Wolfeboro, Hong Kong, and Paris. Stack's Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.

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