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Auction Update

Heritage gets $11 million in Houston, Ponterio sold, and gold and silver dollars always hot in this week's auction update.
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Heritage gets $11 million in Houston


Bids totaled nearly $11 million at Heritage Auction Galleries official auction of the Money Show of the Southwest held Dec. 4-7 in Houston, Texas.
Prices from the Signature Sale will continue to rise as results are added from non-floor sessions and Post Auction Buys.
The sale contained three different offerings from the estate of Jack Lee. The firm says bidders were out in force to contend for Lee’s #1 All-Time Finest Registry Set of Lincoln Cents.
A 1914-S cent, graded MS-66 Red by the Professional Coin Grading Service brought $83,375.
In addition, another cent from the Joshua and Ally Walsh Collection and the Jack Lee Estate Lincoln Cent Registry Set fetched an even higher price of $106,375. This coin, a 1926-S cent, is graded MS-65 Red by PCGS.
“Lincolns are so important to the market that it difficult to think of a more popular collector series,” according to Heritage, adding “perhaps only Morgan dollars come close.”
All these coins bear the “Ex: Jack Lee” pedigree. Additional Jack Lee coins will be included in the January FUN Platinum Night and February Long Beach Heritage auctions.
Lot 1968, a 1795 $5 Small Eagle reverse that is graded MS-64 by Numismatic Guaranty Corp. highlighted the gold coins. The $5, Breen 1-C, Breen-6412, Bass-3034, BD-2, R.6, was the highest certified for this variety and it realized $172,500.
Lot 2244, an 1854-O $20 with XF details from the Deadwood Gulch Collection, labeled “Cleaned” by ANACS sold for $126,500.
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Ponterio sold to B&M

Bowers and Merena Auctions announced Dec. 10 that it has acquired Ponterio & Associates, a firm specializing in ancient and world coins and paper money. Rick Ponterio and his sons Kent and Kyle will join the B&M management.
More details in the next issue.

Gold, silver dollars bring top bids

Gold and silver dollars highlighted a Dec. 6 auction and mail-bid sale of the Kamieniecki collection conducted by Sonny Henry’s Auction Service of Mendota, Ill.
Held in Lasalle, Ill., the sale featured a 1889 $1 gold piece graded NGC MS-67 that realized $3,525.
An 1893-S Morgan dollar graded PCGS F-12 brought $3,300.
Another silver dollar, an 1895-S Morgan graded MS-62+, sold at $3,000. Prices do not include a 10 percent buyer’s fee.