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Virtually 100% sell-through in $9.8 Million Dallas Auction Demonstrates Resurgent US Coin Market
Published on May 3, 2017
NGC MS63 1892-S Dollar fetches $76,375 in Heritage Auctions’ April 4-6 event. Many coins actually exceed their prices from 2014 market peak DALLAS, Texas (April 1Press Release
NGC MS63 1892-S Dollar fetches $76,375 in Heritage Auctions’ April 4-6 event. Many coins actually exceed their prices from 2014 market peak
DALLAS, Texas (April 10, 2017) – Over $9.8 million in rare U.S. coins crossed the auction block in Heritage Auctions’ offerings of April 4-6, held at its Dallas headquarters. In total, over 4,100 lots found new homes during this auction. The auction had a 100 percent sell-through rate; prices realized include a Buyer’s Premium of 17.5%.
A 100 percent sell-through rate is a good indicator that the coin market is experiencing a resurgence, said Jim Halperin, Co-founder of Heritage Auctions. All but 12 coins met their reserve in the Live auction, and most of those 12 have already received close offers in the Post-Auction period. We were extremely pleased to see collectors’ bidding intensify during this auction – we think it bodes well for the rest of the year.
Two lots tied for top honors with sale prices of $76,375. A 1892-S Morgan dollar, graded MS63 by NGC, reached this amount when bidding had ended, as befitting its status as a seldom available condition rarity in the MS63 grade. While circulated examples of this date are fairly common, only 13 coins have been assigned Select status by the two major grading companies combined, with another 33 coins finer. In a series as heavily collected and contested as Morgan dollars, the competition for a condition rarity at this level is stiff.
Also selling for $76,375 was a 1795 half dime, graded MS66 by PCGS, and certified by CAC. This coin, from the relatively available LM-9 variety, is ideal for a high-level type set, with only seven coins of all 1795 varieties certified in finer numerical grades.
A 1908-S double eagle, the lowest mintage With Motto issue in the entire Saint-Gaudens series, was represented by an NGC-graded MS66 example, surpassed in numerical grade by only five coins at the major grading services combined. Most examples of this date found the channels of commerce and stayed there, but high grade examples, when found, tend to be quite pleasing to the eye. This coin crossed the auction block at $70,500.
Just a few of the many other highlights of this auction included:
· 1929 $20 MS65 PCGS: Realized: $61,687
· 1873-CC $20 MS61 NGC: Realized: $55,239
· 1891 $20 AU58 PCGS Secure: Realized: $54,080
· 1870-CC $5 AU53 PCGS: Realized: $54,050
· 1895 $1 PR63 Cameo NGC: Realized: $54,050
· 1652 Pine Tree Shilling, Large Planchet, No Pellets at Trunk, Noe-2, MS64 NGC: Realized: $52,875
· 1652 Pine Tree Shilling, Large Planchet, Reversed N, Noe-4, MS65 NGC: Realized: $51,700
· 1909-D $10 MS66 PCGS: Realized: $44,650
· 1820/19 50C Square Base 2, O-101, MS65 PCGS Secure: Realized: $42,300
· 1889-CC $1 MS63 Deep Prooflike NGC: Realized: $42,300
Heritage Auctions’ next auction of U.S. coins is already open for bidding. The auction includes one of only 10 known surviving 1866 proof Liberty Head double eagles with the In God We Trust motto and a wide variety of half eagles minted 1834 and earlier from The Hutchinson Collection, Part II. The rarities are features in Heritage Auctions’ April 26 – May 2 CSNS US Coins Signature Auction held in conjunction with the Central States Numismatic Society Convention in Chicago and online at www.HA.com/coins.
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, Paris, Geneva, Amsterdam and Hong Kong. The Internet’s most popular auction-house website,HA.com, 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 routinely granted to media for photo credit. For breaking stories follow us: HA.com/Facebook and HA.com/Twitter. Link to this release or view prior press releases.
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