(Lincroft, NJ-July 14, 2017)- A packedauction room and record numberof bidders online helped drive prices realized toextraordinarilystrong prices. The top lot surprised all in attendance when severalinternet bidders,aphone bidder, andafloor bidder fought it out on lot 431, a fresh to market 1892-S Morgan dollar in PCGS MS64 CAC to a record $293,750 (all prices reported include the 17.5% buyer’s premium). We knew early on that this coin would be a highly contested lot as soon as the sale opened for bidding online nearly four weeks prior to the live bidding, explained Julie Abrams, President of Legend Rare Coin Auctions. We knew several collectors who really wanted the coin, and in the end, the quality of the coin was evident with the record price realized.
While that result was a shock, no one was really surprised when the price of the 1994 Collection, the 1909 Roman Finish $20 in PCGS PR66 CAC realized arecord$193,875. While certainly higher than our $110,000+ presaleestimate, this coin was always thestar of any previewsuch asLong Beach and Baltimore earlier this summer, Julie Abrams continued. The collector was an overseas client, again showing how wide our client base really is, LauraSperber, founder of LRCA noted. This is the second auction in a row that a star of the sale went to an overseas buyer.The market for superior US coinage is not limited any more-worldwidecollectorscrave these coins and crave true quality
Part Five of theamazingNorthern Lights Collection again shattered records. Many coins opened well in excess of their high estimate and they blew past moon moneyand went to beyond Pluto money! The last coin in the collection, the Grande Dame of monster tonedMorgans, the PCGS MS68+ CAC ExSunnywood-Simpson 1880-Srealized $61,687.50. This is a coin that has always generated record prices, dating back to its first recorded auction appearance in Auction ’83, Greg Cohen, Senior Numismatist explained. This is a true trophy coin for any specialist in monster toned dollars, and it now resides in another world-class collection.
While the overall market is still choppyfor okay coins,this auction more then proved when great coins are offered, they will still bringearth shattering prices, especially when fresh, Ms. Abrams said. With collections like 1994, featuring awesome coins that have been put back for a generation, collectors will really battle it out to bring home their prizes.
Hundreds ofNEWnumismatists participated in this sale as bidders, and did they ever bid! Ms.Sperberexclaimed. We were more than happy with the results of our sale. It goes to show that the boutique style auction, and great venue provided by PCGS, really does attract serious bidders.
While highlights were numerous across the Glacier Rams, 1994, JK Mirror, Northern Lights, and A.W. Collections, below are a sampling of exceptionally strong results:
Lot 37-20C 1877 PCGS PR66 CAC EX 1994 COLLECTION, realized $39,950
Lot 43-$20 1909 PCGS PR66 CAC EX 1994 COLLECTION, realized $193,875
Lot 57-1C SET MATTE PROOF LINCOLNS, 1909 VDB-1916 PCGS PR65-PR66+ BN/RB CAC, realized $61,687.50
Lot 87-1C 1909 INDIAN. PCGS PR66+ RD CAM CAC, realized $17,037.50
Lot 156-10C 1894 PCGS MS68 EX SIMPSON, realized $21,150
Lot 203-50C 1887 PCGS PR65 DCAM CAC, realized $9,400
Lot 221-50C 1939 PCGS PR68+ CAC, realized $19,387.50
Lot 252-T$1 1873 PCGS PR64+ CAM CAC, realized $12,337.50
Lot 265-$1 1881-S PCGS MS67 CAC EX NORTHERN LIGHTS, realized $21,150
Lot 268-$1 1881-S PCGS MS67+ CAC EX NORTHERN LIGHTS, realized $36,425
Lot 277$1 1887 PCGS MS66 CAC EX NORTHERN LIGHTS, realized $14,100
Lot 278-$1 1904-O PCGS MS67 CAC EX NORTHERN LIGHTS, realized $39,950
Lot 279-$1 1880-S PCGS MS68+ CAC EX NORTHERN LIGHTS, realized $61,687.50
Lot 431-$1 1892-S PCGS MS64 CAC, realized $293,750
Lot 450-50C 1877 J-1515. PCGS PR66 BN CAC, realized $42,300
Lot 476-$5 1798 LARGE 8, 13 STAR REVERSE. PCGS MS62 CAC, realized $47,000
Lot 498-$10 1908 MOTTO. PCGS PR66 CAC, realized $76,375
The next Regency Auction, the official auction for the PCGS Members Only Show will be held on October 29, 2017 and is currently open for consignments. We already have in excess of $3,000,000 consigned(look for a major announcement shortly).Whether you have a single rarity, a few duplicates, or an entire collection, contact Legend Rare Coin Auctions today at 732-935-1168, or firstname.lastname@example.org discuss your holdings.