Heritage February 2011 Long Beach US Coin Auction Realizes $8.596M

by Heritage Auctions on February 16, 2011 · 2 comments

Collectors put particular emphasis on acquiring high-grade Saint-Gaudens coinage in Heritage’s $8.596 million Long Beach Signature® U.S. Coin Auction, February 5-6, 2011, at the Long Beach Convention Center.

1921 Saint-Gaudens $20 MS62 NGC

This 1921 Saint-Gaudens $20 MS62 NGC realized $126,500 at the Heritage February 2011 Long Beach US Coin Auction.

The auction saw a 94% sell-through rate by value and 97% sell-through rate by lot. All prices below include 15% Buyer’s Premium.

"I think steady and solid is the best way to categorize the results," said Greg Rohan, President of Heritage Auctions. "Not spectacular, but about what we expected, with a little more on top. Certainly gold continued to be the chief consideration for high-end buyers."

A 1921 Saint-Gaudens $20 MS62 NGC, the second rarest series issue in high grades, was the top lot of the auction, with collectors bidding the coin all the way up to $126,500. The coin is one of  very few known and, as stated in the 2008 second edition of the David Akers Handbook of 20th Century United States Gold Coins, 1921 Saint-Gaudens $20s "that grade MS-63 or finer are offered only once in a very long while."

1907 $20 High Relief, Flat Rim

This 1907 $20 High Relief shows Augustus Saint-Gaudens' design before Charles Barber made several drastic changes. Unsurprisingly, when Theodore Roosevelt chose Saint-Gaudens to begin the redesign of American coinage, he offended Barber, who was chief engraver at the mint. It realized $97,750.

A Premium Gem 1907 $20 High Relief, Flat Rim MS66 PCGS, one of the most highly sought-after of the High Relief Saint-Gaudens varieties, was the second highest lot in the auction, challenging the six figure mark, but coming up just short, as it finished the auction at $97,750. This coin is remarkable for many reasons, not the least of which is that it purely represents the original designs of Augustus Saint-Gaudens, before his death in 1907, and the subsequent changes to his designs, made by longtime rival Samuel Barber, which appeared on future gold coinage.

1915-S Panama-Pacific $50 Octagonal

This 1915-S Panama-Pacific $50 Octagonal realized $86,250 at the Heritage February 2011 Long Beach US Coin Auction. The fifty dollar octagonal Pan-Pac coins remain today the only octagonal coins ever issued by the U.S. Mint, and both they and their round siblings are hotly contested in any grade at auction.

Always a highly anticipated event when they turn up at auction, a 1915-S $50 Panama-Pacific Octagonal MS63 PCGS, the last and greatest coin in an original four-piece commemorative set, lived up to the billing by bringing $86,250, amid spirited bidding, to round out the top trio of the Heritage Long Beach event.

1885 Liberty Head $20

This 1885 Liberty Head $20 realized $80,500 at the Heritage February 2011 Long Beach US Coin Auction. In 1885, the Philadelphia Mint coined a meager 828 double eagles, a figure that includes 77 proof examples. The business-strike mintage of 751 pieces ranks among the lowest production totals in the entire regular-issue series of U.S. gold coinage.

A classic gold rarity, in the form of an 1885 $20 MS61 PCGS, CAC, one of only 751 pieces struck – ranking among the lowest production totals in the entire regular-issue series of U.S. gold coinage – realized $80,500, while a 1920-S $20 MS62 PCGS, CAC, among the most elusive in the Saint-Gaudens series, realized $80,500.

Further highlights include, but are not limited to:

  • 1879-CC $5 MS62 PCGS. CAC: Realized: $69,000.
  • 1860 $3 PR66 Cameo NGC: Realized: $66,125.
  • 1908 $20 Motto PR66 NGC: Realized: $60,375.
  • 1920-S $20 MS62 NGC: Realized: $54,625.
  • 1895 $1 PR64 Cameo PCGS: Realized: $54,625.

About Heritage Auctions

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $600 million, and 500,000+ registered online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

{ 2 comments… read them below or add one }

Bobby February 16, 2011 at 4:33 pm

We were fortunate enough to witness the entire discovery of the original Pan-Pac set at this sale on our forum. One of our members even won the $1. Great read…


Koichi Ito February 17, 2011 at 5:40 am

Unfortunately that most coin collector cannot collect 1907 High Relief $20 Saint Gauden Gold Coins or 1915S Pacific Panama $50 Gold Commemorative Coins. So someday when you get rich, you might buy one of these coins!

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