Heritage’s July 6 to 9 auctions in Orlando, held in conjunction with the 11th Annual Summer FUN Convention hosted by the Florida United Numismatists, brought nearly $6 million.
A plethora of coin rarities crossed the auction block, and they were led by a 1876 twenty cent piece. One of the finest 20-cent coins ever certified, graded MS67 by PCGS, the rarity brought $88,125.
The "ill-fated twenty cent denomination lasted only four years, and only four circulation strike issues (1875, 1875-CC, 1875-S and 1876) generally are considered collectible," Heritage said.
Twenty cent pieces were heavily melted in later years, and the 1876, with a small mintage of only 14,400 coins, has proven to be a challenging semi-key in all grades.
An 1893-S dollar, graded AU55 by PCGS and a king among business strike Morgan dollars, realized $38,796.
"This is the issue that every collector hopes to acquire to complete the collection," the coin’s auction page describes. "Examples are in high demand regardless of condition, as nearly all collectors have varying budget considerations."
The event saw exceptional interest, Heritage said, and strong results.
"We are particularly proud of the auction’s 99 percent, nearly complete sell-through rate," said James Halperin, Co-Founder of Heritage Auctions. "We continue to attract the type, rarity and condition collectors seek in today’s market and we’re eager to bring these special coins to auction."
Additional highlights of this auction include, but are not limited to the following:
- 1907 $20 High Relief, Wire Rim MS64 PCGS. CAC: realized $32,900
- 1916-D 10C MS64 Full Bands NGC: realized $25,850
- 1652 Pine Tree Shilling, Large Planchet, Reversed N, MS64 NGC : realized $24,675
- 1976 SWO-521Aa National Bicentennial Medal PR64 NGC: realized $23,500
- 1806 25C B-9, MS63 PCGS. Gold CAC: realized $23,500
- 1907 $20 High Relief, Wire Rim MS64 PCGS: realized $23,500
- 1911-D $5 MS62+ PCGS. CAC: realized $22,325
- 1866 $20 Motto MS62 PCGS: realized $21,150
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer. To learn more about the company, visit HA.com.
This article is from a Heritage press release & they state the auction had a 99% “sell-through” rate. What they & some other USA & foreign auctions don’t tell you is that statistic is misleading. Coins that don’t sell during the auction due to no interest are offered right after the auction at a fixed price or with some negotiated price. Usually, dealers pick up these coins since there are no bidders to compete with & they get some good deals. But, those coins did not sell at public auction & are not considered an auction price realized. Very deceptive… Read more »