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Heritage sale at $9.88 million

This article was originally printed in the latest issue of Numismatic News.
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Solid bidding across the board and the continuance of gold as the hottest sector of the market contributed to a total of more than $9.88 million at Heritage’s June 3-6 Long Beach Signature U.S. coin auction.

More than 4,250 bidders lined up to take part in the offerings and send a remarkable 1866 $1 Motto PR-67  Cameo NGC, CAC to the top of the pile with a $69,000 final price. All prices include 15 percent buyer’s premium.

“Even without the presence of six- and seven-figure coins we still saw totals approaching the $10 million mark and a more than 95 percent sell-through rate by lot totals,” said Greg Rohan, president of Heritage Auctions. “The enthusiasm in the current numismatic marketplace is there at all levels, and it helped make this a strong overall event.”

A1944-D Lincoln cent error struck on a steel planchet, AU-55 NGC, 2.8 gm., coming to auction from The Brenda John Collection, caught the attention of collectors of both error rarities and Lincoln cents, and subsequently sold at a $60,375 final price. An 1891-O Morgan dollar MS-65 deep mirror prooflike from the PCGS Tour––one of only two MS-65 examples known to PCGS, with none finer––went for $57,500.

A 1892-O $1 MS-65 deep mirror prooflike, also from the PCGS Tour, realized of $57,500.

The top gold highlight of the auction was a 1796 $10 AU-53 NGC, Breen-6832, Taraszka-6, BD-1, R.4, which realized $57,500.

Further highlights include:

•    1860 $2 1/2 Clark, Gruber & Co. quarter eagle MS-64 PCGS. K-1, R.4. Single finest graded at PCGS. Realized: $51,750.
•    1859 $3 PR-65 ultra cameo NGC.Realized: $49,450.
•    1883 $10 PR-65 ultra cameo NGC. Realized: $48,888.
•    1803 $10 small stars reverse MS-62+ PCGS secure. Breen-6844, Taraszka-28, BD-3, R.4. Realized: $48,875.
•    1916-D 10C MS-65 full bands PCGS. Realized: $48,875.

2011 U.S. Coin Digest
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