• seperator

Record-breaking prices realized at Legend’s Auction

(June 28, 2019—Lincroft, NJ)— Record prices fell at Legend Rare Coin Auctions’ June 2019 Regency Auction as multiple advanced Registry Set collectors fought it out to add the finest known issues to their top ranking sets on the PCGS Registry. Besides the Finest Known coins, the action was as hot as the summer sun in the Las Vegas desert (it was a balmy 101 outside). Again, the explosive bidding activity proved that collectors of all areas were out in force to buy quality coins.

Mercury Dime realized $270,250

Lot #211, a superb 1931-S Mercury dime sold for $270,250 on an original estimate of $270,250. Looks like the estimate was a bit off!

As usual, PCGS/CAC coins garnered the most attention and most active bidding, realizing solid to extremely strong prices. The Regency Auction 33, which is the official auction of the PCGS Members Show proves that even smaller sales get the same draw and attention of the larger conventions. While attendance was not strong at the show, pre-internet and live during the sale internet bidding was the most active of ANY auction we have ever had. The top selling lots were a pair of Top Pop Mercury Dimes, which three very advanced collectors drove to shocking world record prices: lot 211, a 1931-S in PCGS MS67+ FB CAC realizing $270,250 and lot 220, a monster toned 1938-S PCGS MS68+ FB CAC sold for $364,250. All prices realized include the 17.5% Buyer’s Premium.

“Opening the sale was the Hunter Collection,” said Julie Abrams, president of Legend
Rare Coin Auctions. “For the first hour and a half of the sale, it was standing room only with a huge crowd in the auction room. Collectors fought it out over and over, driving prices higher to take home the greatest prizes. The current market is as quality conscientious as ever, and Premium Quality coins (especially toners) are bringing premium bids!”

“Bidders on the phone, in the room, and online fought ferociously to bring home the prizes for their collections,” said Laura Sperber, founder of LRCA. “Julie, Jessica, and I were on the phone with bidders who really desired the absolute best coins. Clearly, Legend Rare Coin Auctions has built a clientele that is the strongest buyers, especially for the finest PCGS/CAC coins in the world and monster toned examples. We consistently sell top pop toners for world record prices that no other auction firm can touch! However, not everything had to be a pop 1 wildly toned piece to attract loads of bidder and realize strong prices. Even PCGS NO CAC coins performed especially well ($20 1904 PCGS MS67  realized $73,437). A small group of exceptional Proof Barber dimes and quarters performed exceptionally well. Another area that performed strongly: Morgan Dollars. Legend is a rising star among auction companies when it comes to selling the best quality Morgans.”

 

“Auction after auction, our boutique auction program gets the biggest buyers’ attention and they return, every auction, knowing that we sell the very best coins on the market,” Julie Abrams stated. “That is why the consignors keep coming back. We offer much more than just auctioning your coins. If you have not yet consigned to our record-breaking sales, now is the time to do so. We are now accepting consignments for our September Regency Auction, so contact one of our consignment specialists today. Take a look at these highlights (to name just a few) and let us do the same for you!”

Highlights from Regency Auction 33 include:

Lot 10. 10C 1798 Large 8. PCGS MS62 CAC From the Hunter Collection. Realized $30,550
Lot 73. 1C 1955 Doubled Die. PCGS MS64 RD CAC. Realized $14,688
Lot 92. 3CS 1855 PCGS PR64 CAC. Realized $13,513
Lot 131. 5C 1911 PCGS PR67+ CAC. Realized $6,169
Lot 167. 5C 1939 REV 38 PCGS PR68 CAC. Realized $6,168.75
Lot 197. 10C 1916-D Mercury. PCGS MS64 FB CAC. Realized $38,775
Lot 204. 10C 1923 PCGS MS68 FB CAC. Realized $35,250
Lot 231. 10C 1943-D PCGS MS68 FB CAC. Realized $5,053
Lot 242. 25C 1877 PCGS MS68 CAC. Realized $27,025 (wildly toned)
Lot 268. 25C 1949-D PCGS MS68 CAC. Realized $43,475 (wildly toned)
Lot 269. 25C 1952-D PCGS MS67+ CAC. Realized $21,150
Lot 279. 50C 1876-CC PCGS MS66+ CAC. Realized $31,725
Lot 290. 50C 1920-D PCGS MS65+ CAC. Realized $29,375
Lot 306. 50C 1942-D PCGS MS68. Realized $34,075
Lot 308. 50C 1943 PCGS MS68 CAC. Realized $28,200 (wildly toned)
Lot 343. $1 1881-S PCGS MS66 CAC. Realized $11,163 (wildly toned)
Lot 383. $1 1902-O PCGS MS67 CAC. Realized $19,387.50
Lot 475. $20 1882-CC PCGS MS62 CAC. Realized $31,725
Lot 482. $20 1904 PCGS MS67. Realized $73,438
Lot 503. 50C 1935 Spanish Trail. PCGS MS68. Realized $17,038
Lot 513. $1 1879 J-1629. PCGS PR67 CAC. Realized $36,425
Lot 514. $3 1875 J-1436. PCGS PR65 RB CAC. Realized $73,438

Legend Rare Coin Auctions is a boutique numismatic auction company specializing
in the finest and rarest U.S. coins. Founded in 2012 by Laura Sperber, the owner, and
president of Legend Numismatics, the premier rare coin retail firm. LRCA was, from
the outset designed to be a different kind of rare coin auction firm. LRCA’s staff of
numismatic auction industry veterans include Julie Abrams, president; Greg Cohen, senior numismatist; and Jessica Berkman, consignment coordinator. The firm’s
Regency Auctions serve as the official auction for the PCGS Members’ Shows, held
six times per year.

Since its founding, LRCA has sold many important collections, resulting in world-record prices, including the Coronet Collection of Morgan Dollars (#1 all-time PCGS set); the David Hall—Bob Simpson Collection of Liberty Head Eagles; the Sunnywood-Simpson Collection of Morgan Dollars; the Phil Flannagan Collection of Territorial Gold, Toned Dollars, and 1795 coins; duplicates from the Gerald Forsythe Collections of Buffalo Nickels and Mercury Dimes; the Bob Simpson Collection of Standard Silver Patterns; the Northern Lights Collection of Monster Toned Morgan Dollars; the Crow River Collections of Indian Head $10s and Peace Dollars; the P.F.M Collection (former #6 PCGS Set of Morgan Dollars with varieties); the Oak Crest Collection of Carson City $5 gold; the Konstantine Collection of Capped Bust Half Dollars, the #1 PCGS Set of Red Book varieties, 1807-1836. The firm’s impressive record also includes the 2nd highest APR in 2016 with the sale of Bob Simpson’s duplicate 1879 $20 “Quintuple Stella” which realized $1,880,000. To consign to an upcoming auction or request information, visit www.legendauctions.com.

Coverage of Legend Rare Coins Regency Auction 32 can be found here.

Tags: , , . Bookmark the permalink.

Leave a Reply