Adams-Carter 1804 Class III $1 brings $2.3 million; post-auctions totals continue to climb

DALLAS, TX – At the end Heritage Auction Galleries’ Central States Numismatic Society Convention Platinum Night Auction on Thursday, April 30, the Adams-Carter specimen of the Class III AU 58 PCGS 1804 silver dollar lived up to its billing as "The King of Coins" when Bedminister, NJ collector John Albanese topped all others with a $2.3 million bid, including the 15% Buyer’s Premium. The total for the Heritage CSNS Auctions is currently at approximately $45 million with post-auction buys continuing at www.HA.com.

"There was never any question of whether it was going to be the top lot in the auction," said Greg Rohan, President of Heritage. "Whenever you have an example of the most famous coin in the world it’s going to be a big night.

In this case, at $2.3 million, it set a new world record for its class. Thursday night’s price made this particular 1804 dollar the seventh most valuable coin ever sold at auction."

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(Newport Beach, California) – Examples from the Professional Coin Grading Service (PCGS) Counterfeits Reference Collection will be displayed during the Central States Numismatic Society convention, April 30 – May 2, 2009, in Cincinnati Ohio.

PCGS will also offer on-site authentication and grading services for collectors and dealers submitting coins for certification at the show.

PCGS President Don Willis will be available at the PCGS table (booth #12) to informally examine your coins and chat during two Meet the Expert sessions, Thursday, April 30, from 1 p.m. to 3 p.m., and Friday, May 1, from 11 a.m. to 1 p.m. Read the rest of this entry »

Funds to be used to help offset costs of Summer Seminar

The Central States Numismatic Society today presented a check for $50,000 to the American Numismatic Association to help fund Summer Seminar, the ANA’s annual summer educational program.

The gift, presented by CSNS President Patti Finner during opening ceremonies of the World’s Fair of Money in Baltimore, will be used to offset costs of operating Summer Seminar.

"The Central States Numismatic Society believes in education," said Finner, who also is vice president of the ANA.

"We believe Summer Seminar is the best opportunity for numismatic education on the planet. This is our 40th anniversary present to the ANA Summer Seminar – we want to make sure it’s around for at least another 40 years."

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Dallas, TX. The Official Currency Auction of the Central States Numismatic Society convention, held by Heritage Auction Galleries, realized $14,164,504, the largest currency auction ever, and the final total will be even higher after Post Auction Buys are concluded. Combining the rare coin and currency results, total prices realized at Central States currently exceed $44.4 million. More than 6,700 bidders participated in Heritage’s Signature events, and another 3,000-plus bid in the Final Sessions.

The auctions were held in Rosemont, Illinois on April 16-18; Images, descriptions, and prices realized for all lots can be viewed at the Heritage website, HA.com.

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Dallas, TX. The 1804 Silver Dollar highlighting the amazing collection of silver dollars assembled by David Queller and his family reached $3,737,500 at the Official Auction of the Central States Numismatic Society convention held by Heritage Auction Galleries. Combining the rare coin and currency results, total prices realized currently exceed $42.6 million. After adding proceeds from all Post Auction Buys and Final Session auctions, total prices are expected to exceed $44 million.

More than 6,700 bidders participated in the Signature and Platinum Night events, and another 3,000-plus are anticipated to participate in the Final Sessions. The auctions were held in Rosemont, Illinois on April 16-18; Images, descriptions, and prices realized for all lots can be viewed at the Heritage website, HA.com.

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Dallas, TX. One of only three known gold Wilson dollars struck in 1920 is being offered at auction in Rosemont, Illinois on April 16-18. The “so-called” Wilson Dollar was struck to commemorate the July 16, 1920 opening of the Manila Mint, which remains the only U.S. branch mint to ever operate outside of the continental United States.

It is included in the catalog for the Official Auction of the Central States Numismatic Society convention, being held in Rosemont, Illinois on April 17-19; the catalog is now posted by Heritage Auction Galleries on their HA.com/Currency website.

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Half Dollar Struck to Commemorate the Opening of the New Orleans Mint

Dallas, TX. An 1838-O half dollar, one of less than a dozen known, is being offered at auction in Rosemont, Illinois on April 16-18. Classic numismatic rarities, these were struck to commemorate the opening of the U.S. Mint in New Orleans; opportunities to acquire an example are extremely limited, as perhaps just 20 proofs were coined at the time.

The coin is included in the catalog for the Official Auction of the Central States Numismatic Society convention, being held in Rosemont, Illinois on April 17-19; the catalog is now posted by Heritage Auction Galleries on their HA.com/Currency website.

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Dallas, TX. The catalog for the Official Auction of the Central States Numismatic Society convention, being held in Rosemont, Illinois on April 16-18, is now posted by Heritage Auction Galleries on their HA.com website. Both the Signature and Platinum Night catalogs have been posted, as well as a significant Currency Auction.

“Heritage is presenting incredibly strong coin and currency auctions at Central States,” commented Heritage President Greg Rohan, “and the Queller Family Collection of Silver Dollars, 1794-1935 is the star. Only a very select few numismatists are ever lucky enough to actually own the singularly important 1804 dollar, and David Queller added to that his 1794 $1 (AU58 NGC); 1802 $1 (PR65 Cameo PCGS); 1870-S $1 (XF40 NGC); and 1853 $1 Restrike (PR65 NGC). Considering the quality, completeness, rarities, and pedigrees, it is no wonder that this has been called the greatest silver dollar collection ever assembled.”

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Dallas, TX. A piece of rare and never-circulated Hawaiian paper money - a $500 note that was to be issued in 1879 - is being offered at auction in Rosemont, Illinois on April 16-18. The $500 note, which exists only as a set of proof printings of the face and back plates, is so incredibly rare that it remains unpriced in the standard currency reference guides.

The pair of proof printings is one of only two known as well. This pair of proofs is included in the catalog for the Official Auction of the Central States Numismatic Society convention, being held in Rosemont, Illinois on April 17-19. The catalog for the auction is now posted by Heritage Auction Galleries on their HA.com/Currency website. 

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Pattern coins and the precious metals markets are the topics of the next two, free Professional Numismatists Guild (PNG) “Share the Knowledge” educational seminars.  They will be conducted, respectively, by PNG member-dealers Andy Lustig and Richard Nachbar at the Central States Numismatic Society convention (CSNS) in April and at the Long Beach Coin, Stamp & Collectibles Expo in May.

A complimentary light lunch will be available for audience members at both PNG seminars.

Lustig of Nyack, New York is a co-founder of The Society of U.S. Pattern Collectors.  He will present "Collecting Pattern Coinage" starting at 11 a.m. on Friday, April 18, 2008 in room 42 of the Donald E. Stephens Convention Center, 5555 N. River Rd., Rosemont, Illinois, the site of the 69th Annual CSNS Convention.

"Patterns are some of the rarest coins struck by the United States Mint.  The series has more than 2,000 different prototypes for American coinage including patterns, die trials and experimental pieces.  This half hour seminar will provide an overview of the series, historical background, collecting strategies and a superb slide show of great rarities," Lustig said.

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