• seperator

Cent result sails past estimate

A sleeper is a wondrous thing. This was ably demonstrated in a Jan. 21 sale of “Silver, Coins and Medals” conducted by British auctioneers Woolley & Wallis.

The firm put a 1796 cent on the block. It came unslabbed and unheralded. It was graded VF and carried an estimate of £500-£700. But some bidders were paying attention.

The 1796 Large cent that sold at the Wooley & Wallis sale.

The 1796 Large cent that sold at the Wooley & Wallis sale.

It was not just any 1796 cent but a rare Draped Bust Sheldon-96. That’s the one with, among other things, a massive die crack running across the diameter from side to side. Its condition was superior to most of the relatively few S-96 coins that have been offered in recent years.

It was sold to dealer Stephen Fenton of Knightsbridge Coins for £51,000 [$77,465] including commission, or over 100 times the lower estimate.

This article was originally printed in Numismatic News Express.
>> Subscribe today

This entry was posted in Articles, General News, News. Bookmark the permalink.

Leave a Reply