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Eagle tops bid at Heritage sale

HeritageA0529c.jpgTopping results of Heritage Auction Galleries? May 10-11 sale of U.S. coins at the Central States convention was an 1858 gold $10 that changed hands for $276,000.

The finest known example for its date, the eagle was graded MS-64 by Professional Coin Grading Service. Only 33 1858 $10s have received any grade from PCGS.

A Stella $4 gold pattern in PCGS Proof-66 Cameo came in next at $253,000, followed by a pewter 1776 Continental dollar with misspelling CURENCY in the design, graded PCGS MS-64, that fetched $161,000.
Both the 1858 eagle and the Stella were from the Palakika Collection consignment.

?The Palakika Collection contained dozens of exception gold rarities, many of which were the finest known or in the highest ranks,? said Heritage president Greg Rohan. ?The market prized these exceptional pieces.?

The 1927-S Standing Liberty quarter featured on the cover of the May 8 Numismatic News realized $149,500. It was graded PCGS MS-65 Full Head and was part of a group of high-grade quarters.

Three early half eagles were next in the results: an 1812 in PCGS MS-65 that brought $149,500; a 1797 small eagle, 16 stars, in NGC AU-55 that hit $109,250; and an 1818, the STATESOF reverse variety, in PCGS MS-64 that also went for $109,250.

A 1797 large eagle $10 gold piece reached $109,250.
Top Morgan dollar was an 1895 proof in NGC Proof-67 Ultra Cameo that finished off at $103,500, as did a Colonial copper, a 1786 New Jersey Immunis Columbia in PCGS MS-62 Brown.

Heritage?s U.S. coin offerings in St. Louis totaled about $17.6 million. The Platinum Night session alone went over $7 million. All prices reported here include buyer fees.

In Heritage?s associated U.S. paper money sale, which realized more than $5.5 million, a 1928 $10,000 Federal Reserve Note, serial number 16, came close to setting a record when it sold for $230,000. Record price for a U.S. small-size note at public auction is $241,000. This $10,000 note was graded Choice Extremely Fine 45 by Paper Money Guaranty, sister firm of NGC.
Heritage also conducted an online sale session in association with Central States, which it called the Final Session, which contributed around $1.2 million more to the firm?s anticipated overall sales total of about $25 million, including post-auction sales.

Heritage?s Web site www.ha.com includes an archive of its past auctions, where more results and images can be seen.

To contact the firm, write to 3500 Maple Ave., Dallas, TX 75219; telephone number (800) 872-6467.

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