Newman Collection Part V Realizes $10.4+ Million

by CoinNews.net on November 25, 2014 · 0 comments

Led by a 1794 silver dollar that realized $470,000 in "spirited bidding," Heritage’s most recent US coins auction scored more than $10.4 million in sales.

1794 silver dollar NGC AU50

1794 silver dollar NGC AU50

Heritage’s Eric P. Newman Collection Part V auction presented at the Waldorf Astoria in New York on Nov. 14 to Nov. 15 achieved distinction with all offerings selling out.

"This latest installment of the epic Newman Collection proved important not only for the spectacular prices realized on the amazing coins," said Greg Rohan, President of Heritage Auctions, "but also because it represents, once again, another auction where every single coin found a new home."

Rohan attached the success to the rarity of the coins and Newman’s "acclaimed scholarship and stellar reputation." The first five parts of the Newman Collection, all of which have been certified by Numismatic Guaranty Corporation (NGC), have realized nearly $55 million.

"The Eric P. Newman Collection has solidified its place as one of the greatest collections ever sold and NGC is honored to have been chosen to grade the first five parts," says Mark Salzberg, NGC Chairman. "Newman Part V featured some truly incredible prices realized for selections from the 103-year-old scholar’s extraordinary collection of early American coins."

The above shown 1794 silver dollar NGC AU50, pedigreed to Matthew A. Stickney, Major Richard Lambert, and "Colonel" E.H.R. Green, was described as the "undisputed star" in this fifth installment of Newman Collection. Its auction marked the first time the rarity had appeared for public sale in 104 years, according to Heritage.

Newman’s 1776 Continental Dollar NGC MS62 earned the second highest prize of the event. Struck in brass with the "CURENCY" misspelling, the coin achieved $440,625.

1776 Continental Dollar NGC MS62

1776 Continental Dollar NGC MS62

It was followed by his 1776 Continental Dollar NGC MS63, the finest of only four known pewter Continental Dollars with the "CURRENCEY" misspelling. It sold for $381,875.

1776 Continental Dollar NGC MS63

1776 Continental Dollar NGC MS63

One of the auction’s most followed coins was the 1785 Inimica Tyrannis America/Confederatio Copper NGC MS 63 Brown. Struck as a proposed coinage for the newly independent United States, this variety is known by only seven specimens. The finest of the group, it brought $352,500.

1785 Cent Inimica Tyrannis America/Confederatio

1785 Cent Inimica Tyrannis America/Confederatio

Additional highlights of the Eric P. Newman Collection Part V US Coins Signature Auction include, but are not limited to:

  • 1776 $1 Continental Dollar, E.G. FECIT, Pewter MS66 NGC: Realized $305,500.
  • 1776 $1 Continental Dollar, CURENCY, Dotted Rings, Brass AU50 NGC: Realized $282,000.
  • 1867 $20 MS66 NGC: Realized $258,500.
  • 1796 $2 1/2 Stars AU58 NGC: Realized $223,250.
  • 1776 $1 Continental Dollar, CURRENCY, Pewter MS64 NGC: Realized $199,750.
  • 1879 $4 Flowing Hair PR65 NGC: Realized $182,125.
  • 1776 Continental Dollar Brass MS62 NGC: Realized $58,750

Items sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society’s museum operations and scholarly numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.

For more information, visit Heritage Auctions at HA.com and Numismatic Guaranty Corporation at NGCcoin.com.

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