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Gilt $10 in Scotsman sale

2012 North American Coins & Prices

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A copper die trial of the $10 Clark, Gruber & Co. Territorial gold piece will be one of the more interesting highlights of the Midwest Summer Sale slated for July 29 at the St. Charles, Mo., Convention Center, by Scotsman Auction Co.

The gilt piece, Kagin-3, R-7, is graded Proof-62 by Numismatic Guaranty Corp.

The cataloger said, “The grade is presumably intended to reflect the presence of some scattered ticks, but nobody is really going to pay attention to such trivial asides for a coin of such historic importance. An intriguing blush of copper-rose color accents the central areas of each side.”

Pre-sale estimate is $15,000-$17,000.

Overall, the auction will feature 1,291 lots, according to cataloger John Bush. When the final gavel falls, the firm is expecting total sales will be approximately $2.4 million.

Another piece contributing significantly to that total will be an 1801 $10 gold piece. The coin is graded MS-62 by the Professional Coin Grading Service.

According to the catalog, “The 1801 represents the most available date for early eagles in Mint-State grades, with PCGS showing 177 in overall UNC, of which 64 are graded MS-62, and 73 are graded higher. These may seem like plentiful numbers for a large, early gold coin, but popularity of type collecting places incessant demand on the ‘Capped Bust, Heraldic Eagle’ type, and any finer piece is going to command attention at any public auction venue. BD-2 is the most populous of the two known die-marriages for 1801 and here, there is no evidence whatsoever of clashed dies.”

The estimate for this lot is $33,000-$38,000.

Bush said the sale features a run of 3-cent nickel coins consigned by Allan Gifford. He is the author of a book about the series.

Among these pieces, Bush picked out an NGC Proof-65 1865 3 cents.

The catalog said, “the proof 1865 3-cent nickel is a special coin just by virtue of its scarcity in the marketplace. Only 500 were struck to begin with and many have been lost to attrition and damage. What is particularly interesting about the present piece is that the obverse die was actually put into initial use to strike patterns and was mated with a regular proof reverse die to create this marvelous die-marriage for proof collectors. Compare the obverse to any example of Judd-413, and it is easy to see the same repunched date.”

Estimate is $6,000-$7,000.

Another piece highlighted by Bush is a Myddelton token struck by the Britain’s Soho Mint  in 1796 in silver.

According to the catalog, “Myddelton wrote to (Matthew) Boulton in January 1796 outlining his plans for a token, and describing a rather less than usually imperial Britannia: with her head lowered, her spear reversed.”

Estimate is $10,000-$12,000.

For more information about the action, visit the firm’s website at www.scoins.com, or telephone (800) 642-4305.

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