Heritage’s US Coin Auction in Philadelphia Realizes $27.5+ Million

by Heritage Auctions on August 20, 2012 · 0 comments

An extremely rare example of the prized 1907 Ultra High Relief double eagle sold for $1,057,500 to lead Heritage Auctions’ $27.5+ million US Coins Signature® Auction, held in Philadelphia, Aug. 2-5. All prices include 17.5% Buyer’s Premium.

1907 $20 Ultra High Relief, Sans Serif Edge, Judd-1907, Pollock-2001, R.8 PR58 PCGS Secure

Heritage’s US Coin Auction in Philadelphia realized $27.5+ million. This 1907 $20 Ultra High Relief led, bringing $1,057,500.

The Ultra High Relief double eagle in this auction is distinctive because of its 1906 Style edge lettering, in a Sans Serif Font, with stars between each of the letters of E PLURIBUS UNUM. The lettering style dates the coin as one of the first three Ultra High Reliefs struck.

"This piece was the first coin discovered with this lettering style, in 1992, and today just two such coins are known," said Greg Rohan, President of Heritage Auctions.

"The coin shows evidence of handling, as implied by its Proof-58 grade. If it was used as a pocket piece by some early recipient, we can only wonder who that person was."

Almost as rare, with only four examples known, is the 1802 Novodel proof dollar, which realized $851,875. The term "novodel" describes a coin struck long after the date it bears, but which is not a restrike.

1802 $1 PR65 Cameo PCGS. CAC. B-8, BB-302, High R.7

This 1802 “novodel” Silver Dollar realized $851,875 in Heritage’s Philadelphia US Coin Auction

The dies for this coin were most likely prepared in the 1870s, when the coin is believed to have been struck. Two separate condition censuses consider this the finest known of the four examples by the tiniest of margins.

The 1921 Saint-Gaudens double eagle is an absolute rarity that sells for mid-to-high five-figure prices in any grade.

Gem 1921 Saint-Gaudens Double Eagle

This Gem 1921 Saint-Gaudens Double Eagle brought $587,500 at Heritage’s US Coin Auction in Philadelphia

It is also the premier condition rarity in the series, with only four examples known that grade MS65 or higher. One such gem sold for $587,500 in this auction, demonstrating the extreme interest these large gold coins hold for collectors.

"More than $21 million in rare coins sold altogether in Aug. 3’s Platinum Night," said Rohan.

"Over the course of the entire event, our happy consignors saw their coins bring more than $27.5 million, with an additional $1 million in results from Heritage’s currency auction held on Aug. 3.

Further highlights include, but are not limited to:

1887 $20 PR67+ Cameo NGC. Ex: Miller Collection: Realized: $411,250.

1796 $2 1/2 Stars MS63 PCGS Secure. BD-3, High R.5.: Realized: $329,000.

1920-S $10 MS66 PCGS Secure. Ex: O’Neal: Realized: $329,000.

1792 P1C One Cent, Judd-1, Pollock-1, High R.6, VF30 NGC: Realized: $305,500.

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 $800 million, and 700,000+ 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.

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