Daily Archives: June 30, 2009
Spectrum’s CFC Renewed as "Official Numismatic Lender" of ANA
Gold, Silver Fall as Oil Retreats and Dollar Rallies
Historic 1854-S Quarter Eagle Highlights Heritage August LA Rare Coins Auction
DALLAS, TX – Legends of TV and film will surrender the Hollywood spotlight for a night when a different kind of American star takes to the podium at the Hyatt Regency Century Plaza in Beverly Hills: A historic 1854-S quarter eagle, graded VF35 NGC, will lead the Platinum Night offerings of Heritage Auction Galleries' August 2009 Los Angeles U.S. Coin Auction, July 31-Aug. 2.
"This coin is truly a legendary rarity," said Greg Rohan, President of Heritage, "and one of just a dozen known survivors from the first quarter eagle issue produced by the San Francisco Mint. In Heritage's in-house condition census of the surviving 12, this example is rated fifth overall."
Just 246 examples of the 1854-S quarter eagle were struck since the San Francisco Mint focused on making larger denominations such as the eagle and double eagle, and the relative "small change" denomination of the gold dollar, leaving the quarter eagle and half eagle relatively neglected.
Numismatic News: Budget Coin Picks, Roosevelt Dimes, Coin Price Guides
Bowers and Merena Auctions: 1870 $100 National Gold Note Highlights Currency...
(Irvine, California) -- More than 500 U.S. and world bank notes will be offered in the Official Auction of the American Numismatic Association World's Fair of Money® conducted by Bowers and Merena Auctions at the Los Angeles Convention Center and online, August 2 – 8, 2009.
One of the many highlights is an 1870 $100 Gold National Bank Note, San Francisco Charter #1741, The First National Gold Bank (Fr. 1162), graded PMG Fine 12 Net (restorations).
"This classic rarity is one of only eight notes of this type in private hands, and one of three of this Friedberg number. Those others are in strong hands and not likely to become available in the foreseeable future.
In fact, only three examples have been offered for public sale in the last decade and the latest example, nearly identical to this one, sold for $258,700 in 2007," said Steve Deeds, President of Bowers and Merena (www.BowersandMerena.com).
"With collectors holding tightly to the others, we're not sure when there will be another opportunity to acquire such a rare and elusive note."