1793 Chain cent tops Pogue part three
Part three of the D. Brent Pogue auction shows the rarities don’t stop coming. The Feb. 9 sale called by Stack’s Bowers and Sotheby’s auction galleries brought in $17,135,613, including…
Part three of the D. Brent Pogue auction shows the rarities don’t stop coming.
The Feb. 9 sale called by Stack’s Bowers and Sotheby’s auction galleries brought in $17,135,613, including buyer’s fees.
While no coin broke the $1 million barrier in this auction, a number of coins came close.
Copper half and large cents led the way, with 16 lots bringing in almost 38 percent of the auction total.
The top lot sold was a PCGS graded MS-65 red-brown 1793 Flowing Hair Chain cent, Sheldon-3, featuring the full America lettering. It went for $998,750, narrowly within its pre-sale estimate of $750,000 to $1 million.
The second-highest price paid was $940,000 for a 1794 Liberty Cap half cent graded by PCGS as MS-67 red-brown. The coin is the finest known example of the Liberty Cap half cent series, a fact that probably played a part when it surpassed its $600,000 to $800,000 estimate.
It was previously sold in a January 2014 Goldberg auction for $1.15 million including the buyer’s fee.
Silver coinage represented most of the lots, with 30 dimes and 42 half dollars up for auction.
On top for silver dimes was a PCGS MS-66 1822 Capped Bust dime that brought in $129,250, just above its $100,000 to $125,000 estimate.
A 1827 Capped Bust half dollar then stole the show for silver coinage when it was purchased for $258,500. The coin was graded Prf-67 by PCGS with a population of one in the grade and none finer. Its provenance also traces back to famous numismatists George Earle and Louis Eliasberg.
A number of $3 gold pieces then made up lots 3089 to 3131. The top lot there was an 1875 Indian Head $3 proof coin, graded Prf-65+ deep cameo by PCGS. It sold for $329,000.
Gold half eagles then ended the auction where an MS-65 1815 Capped Head left half eagle brought the third highest price for the auction when it earned $822,500.
The Pogue collection has now realized $68.6 million for three installments. Part one realized $25,312,731.25, while part two saw $26,120,838. Individual coin results can be found at http://www.stacksbowers.com.
Part four is expected to occur in April.
This article was originally printed in Numismatic News.
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