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Lots You Need to Know

Lots You Need to Know

By CoinWeek …..

On Thursday, November 15, 2018, Legend Uncommon Coin Auctions will conduct the 29th in its collection of Regency Public sale gross sales. The collection, which has been constructed on the premise that auctions that includes solely curated, high-quality cash present discriminating shoppers a greater method to construct collections, has taken off and landed the corporate a strong clientele comprising of a few of the interest’s most outstanding collectors.

Having reviewed each single Regency Public sale, we have now to notice that it was troublesome singling out crucial tons on this providing as a result of there have been so many noteworthy items. This may show to be one of many extra memorable gross sales within the collection, with essential cash from SS Central America main a 486-lot lineup of conditional rarities and essential Set Registry additions. Most of the tons are CAC accredited.

The stay public sale will happen on the Hyatt Regency San Antonio Riverwalk at 5:30 pm Central (four:30 pm Japanese). You can watch the public sale and bid on-line by registering on the Legend Uncommon Coin Auctions web site.

Listed here are a number of of the sale’s most noteworthy highlights.

Ship of Gold Assortment, Lots 271-286

We obtained our first take a look at the second tranche of SS Central America cash on the “Ship of Gold” exhibit on the February 2018 Lengthy Seashore Coin, Foreign money, Stamp & Sports activities Collectible Expo. The cash, which had remained undisturbed on the backside of the Atlantic Ocean for greater than 150 years, have been a numismatic time capsule that provided collectors a recent take a look at the gold problems with the San Francisco Mint of the mid-1850s.

The brand new haul included greater than three,100 gold cash, together with many smaller denomination cash in addition to cash of super import due to their excessive state of preservation and situation rarity.

Legend is providing 16 items from SS Central America on this sale. Denominations vary from $1 gold to a $20 U.S. Assay gold piece. These cash are of unquestioned high quality and ought to be reviewed by any critical collector of those collection.

Lot 273: 1856-S Gold $1 PCGS MS64 CAC Ex: S.S. Central America

Lot 273 is an 1856-S in PCGS MS64 CAC. This concern has a mintage of 24,600 and is the one 1856-dated gold greenback to function the Small Head design. This instance is certainly one of 5 graded by PCGS on the MS64 degree. Solely two cash grade finer and each of those examples come from the just lately recovered cache of SS Central America cash.

The fields on this coin are commensurate to the close to gem grade. There’s a slight little bit of weak spot on the reverse. Including to the coin’s intrigue is the presence of conflict marks and die cracks.

Pre-Sale Estimate: $80,000 – $90,000.

Lot 279: 1857-S Gold $10 PCGS MS64 CAC Ex: S.S. Central America

All 1857 $10 gold points are scarce, with New Orleans points being probably the most troublesome to discover in uncirculated grades. The 1857-S, with a mintage of 26,000, dwarfs the 1857-O’s 5,500 $10 coin emission, however in uncirculated grades the 2 department mint points are equally uncommon in Mint State.

The instance provided on the Legend sale (Lot 279) is graded MS64 and is CAC permitted. The coin is considered one of eight Mint State examples licensed by PCGS–certainly one of three in MS64–and is second solely in situation to one other SS Central America piece. That coin graded a tick higher at MS64+.

Pre-Sale Estimate: $60,000 – $67,500. Present Bid: $57.500. 

Lot 285: 1857-S Gold $20 Spiked Defend PCGS MS67 CAC Ex: S.S. Central America

No coin problem benefited as a lot from the restoration of SS Central America as did the Sort 1 double eagle–particularly the 1857-S. This was a really troublesome coin sort to acquire in Mint State grades, however thanks to the shipwreck, quite a lot of San Francisco points from this era have been made obtainable in quantity. This availability, in fact, propelled the collection ahead and enticed a brand new era to gather basic U.S. gold cash.

Undoubtedly, one of many best 1857-S Liberty Head double eagles in existence, this instance (Lot 285) from SS Central America is graded MS67 by PCGS. The coin is a number of mild flecks away from the MS68 grade and is considered one of 4 excellent gem 1857-S $20s to come from the second tranch of recovered cash. Astute selection hunters will word the “Spiked Shield” reverse.

Pre-Sale Estimate: $165,000 – $180,000. 

Basic & Trendy U.S. Coin Highlights

Lot 11: 1814 1 Cent Crosslet four PCGS MS66BN

Giant cents of the Basic Head sort are usually harder to discover in excessive grades than 19th-century Draped Bust cents or the Matron Head sort that adopted them. Based mostly on this reality alone, the 1814 cent provided in Legend’s Regency 29 is likely one of the best recognized. It’s the best graded by PCGS with the BR attribution, and finer by one level over the only instance that PCGS has graded RB. The 1814 cent is nearly unknown with any unique Purple shade.

Pre-Sale Estimate: $75,000 – $85,000. Present Bid: $65,000

Lot 42: 1910 1 Cent PCGS PR67+RD CAC

The Lincoln cent could be the coin that popularized penny boards for generations of collectors, however it’s a collection that’s far more than it seems at first look. Awash with curious rarities, the 100-plus-year-old collection has proudly held the title of the quintessential trendy coin of the U.S. collection.

Probably the most fascinating, and arguably probably the most troublesome subsection of the Lincoln cent collection to acquire, are the matte Proof problems with 1909-1916. The 1909 matte Proof is many levels rarer than the 1909-S VDB. High quality matte Proofs of later dates are additionally exceptionally scarce.

This instance from 1910 (Lot 42) seems as if it have been simply minted. The coin’s unique purple shade reveals solely the slightest trace of mellowing over the course of the previous 108 years. Its surfaces are pristine and the complete character of Victor David Brenner’s design is struck boldly.

Of the two,405 examples struck, solely six have earned the grade PR67 from PCGS. This PR67+ is considered one of two prime inhabitants items of their situation census. In August 2018, Heritage Auctions bought the opposite instance for $31,200. A robust case could possibly be made that this instance is the higher of the 2 and we anticipate that bidding will mirror that.

Pre-Sale Estimate: $40,000 – $45,000. Present Bid: $32,000

Lot 76: 1900 5 Cents PCGS PR68 CAC

After a brief introductory run with the Defend design, the nickel five-cent denomination actually got here into its personal with the discharge of Charles Barber’s Liberty Head or V-Nickel design. Produced for circulation from 1883 to 1912, the sort is best-known for the 5 examples dated 1913 that trickled out thanks to the shrewd machinations of U.S. Mint worker and ANA member #808 Samuel W. Brown. However relegating this 30-year-long collection to 5 nearly unobtainable cash is a disservice to a design that sparked the imaginations of tens of millions of coin collectors and paved the best way for the continued use of a denomination that has withstood the check of time.

These wishing to construct a pleasant assortment of Liberty Head nickels are introduced two equally fascinating prospects: a enterprise strike set might be inbuilt Mint State with each 1883 varieties and the 2 department mint points struck in 1912; a second set might be constructed round Proof strikes, which have been struck at Philadelphia from 1883 to 1912. This latter set accounts for each 1883 varieties however doesn’t embrace department mint Proofs as none have been struck at Denver or San Francisco.

There are not any “keys” to the traditional 1883-1912 Proof collection, however examples that survive in extraordinary states of preservation do deliver vital premiums over points which have typical eye attraction. These in search of a situation census examples would do properly to contemplate the extraordinary 1900 on supply in Regency 29.

This instance has excellent gold, lime, and russet colours, which cowl a nearly flawless Proof hanging. Element is sharp and uniform all through. At Heritage’s 2015 FUN US Cash Signature Public sale, this instance introduced $5,640. On the time, it was housed in an NGC PR68* holder and was additionally CAC accepted. Present bid ranges point out that curiosity within the coin has elevated dramatically because it crossed over. PCGS provides a inhabitants of three at PR68 (none finer with Cameo designation).

Pre-Sale Estimate: $9,000 – $10,000. Present Bid: $9,000

Lot 294: 1848 $2.50 CAL. PCGS MS62+ CAC

This 1848 Quarter Eagle (Lot 294) is likely one of the most iconic federal points struck in reference to the California Gold Rush. The counterstamp “CAL.” was utilized to the reverse of the coin on the request of Secretary of Conflict, William L. Marcy. Marcy was in receipt of 228 ounces of California gold, freshly sourced from the newly found California gold fields. From this gold, Congressional gold medals for Generals Zachary Taylor and Winfield Scott have been produced and the rest was minted into 1,389 quarter eagles.

The CAL. points have been clearly made as memento items and when seen on this mild could be seen as a precursor to the U.S. Mint’s commemorative coin program of the late 19th and early 20th centuries. The coin’s attraction goes past that, and deservedly so. The invention of gold in California made an indelible mark on American historical past and is essentially chargeable for serving to the American experiment survive the 20 years of struggling and political turmoil that was simply across the nook.

The current piece is in exceptional form for a coin graded MS62+. The 1848 CAL is scarce in all Mint State grades and the difficulty seldom comes to market. This instance final’s public sale look was in January 2011, when it introduced $83,375 at a Heritage public sale. The coin has since upgraded by half some extent on the holder. One assumes, based mostly on Heritage’s prolonged description of the piece and the presence of John Albanese’s CAC sticker, that skilled numismatists all the time seen this coin as being a minimize above for the grade.

Pre-Sale Estimate: $130,000 – $145,000. Present Bid: $115,000