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DLRC Auctions to
Sell Coronado Collection of Bust Half Dollars
DLRC
Auctions to Sell
Coronado
Collection of Bust Half Dollars with
Richmond
Collection, Part II in November 29 Live
Auction
(
Virginia Beach
,
VA
) DLRC
Auctions is proud to announce that a single additional consignment will be sold
with the second installment of the Richmond Collection on
November 29, 2004
in
Baltimore
,
Maryland
. The Coronado Collection consists of 21
Bust half dollars from 1806 – 1839, highlighted by the great rarity of the
1817/4 grade AU50 by PCGS. This coin is the rarest of all the major Bust half
varieties listed in the Guide Book and the
Coronado
example is the finest of 7 known
examples. This coin’s pedigree traces back to Al Overton himself, who sold it
to Louis Eliasberg in 1953.
According
to John Feigenbaum, President of DLRC Auctions, “this consignment is extremely
important. In fact, we had no intention of adding any other consignments to
this [
Richmond
2] auction, but this was an opportunity
we couldn’t refuse. It may be many years before another 1817 group of Bust
halves of this caliber becomes available again.”
Highlights
of the
Coronado
Collection:
-
1806/5 50c PCGS MS63 (O-102)
ex:Bareford
-
1814 50c PCGS MS65 (O-107)
ex:Eliasberg
-
1817/4 50c PCGS AU50 (O-102a)
ex:Eliasberg
-
1819/8 50c NGC MS66 (O-102)
-
1822/1 50c PCGS MS64 (O-101)
-
1831 50c PCGS MS66 (O-109) ex:Eliasberg
-
1839-O 50c NGC MS65
The
Coronado
Collection of Bust Half dollars with be
sold in conjunction with the Richmond Collection, Part II coins.
The live auction is scheduled to take place at
Monday, November 29, 2004
at
3pm
in
Baltimore
,
Maryland
. The auction and lot viewing prior to
the sale will take place at the Harbor Court Hotel near the
Inner
Harbor
area of downtown
Baltimore
.
In
addition to the
Baltimore
venue, lots from the Richmond Sale will
be available for lot viewing at the Las Vegas Trade & Grade on October
28-30, in conjunction with a Bowers & Merena Rarities Sale.
Important
Dates:
*
October 28-30: Lot Viewing at the Las Vegas Trade & Grade (Mandalay Bay
Hotel)
* November 1: Printed Catalogs will be mailed
* November 1: Internet bidding starts at www.davidlawrence.com
* November 28: 10pm. Internet bidding closes at www.davidlawrence.com
* November 28-29:
Lot
viewing in
Baltimore
,
MD
* November 29: 3 pm.
Live auction in
Baltimore
,
MD
(all times Eastern Standard)
More
information and detailed contents of the Richmond Collection can be found on
the DLRC Auction web site: www.davidlawrence.com/richmond.
Catalogs for new DLRC customers can be pre-ordered now and are priced at $50
for this sale, or $100 for the set of three catalogs for all three sales. They
can be purchased on-line or by calling 1-800-776-0560.
DLRC
Auctions
PO Box
9174
Virginia Beach
,
VA
23450
800-776-0560
www.davidlawrence.com
email:
info@davidlawrence.com
DLRC
Auctions Announces Weekly Internet Auctions on their Web Site
(
Virginia Beach
,
VA
) After
a five week intermission to upgrade software and notification procedures, David
Lawrence Rare Coins and DLRC Auctions have re-launched their Internet-only
auctions. DLRC began their Internet-only auctions in June of 2004 with strong
bidding activity. With the increased traffic on the auctions, DLRC was forced
to discontinue the auctions for programming upgrades. The work was completed in
early September, and on September 15th DLRC Auctions launched its 11th
Internet-only auction.
Future web auctions will be held
weekly starting on Wednesday afternoons, and closing on the following Monday at
9:30 pm, e.s.t. Many lots have
inexpensive starting bids and nearly all are sold unreserved.
Collectors who are interested in
participating, learning more or consigning to the auction should visit the DLRC
web site at www.davidlawrence.com or
by calling toll-free 800-776-0560.
DLRC
Auctions
PO Box
9174
Virginia Beach
,
VA
23450
800-776-0560
www.davidlawrence.com
email:
info@davidlawrence.com
DLRC Auctions to Sell Finest Known
1849-C Open Wreath $1 Discovery Coin
March 16, 2004
(Virginia Beach, VA) DLRC Auctions will sell the finest example of the
famous 1849-C 'Open Wreath' gold dollar. One of just 5 or 6 known examples, it
is one of the rarest and most celebrated of all U.S. Gold coins. The consignor
-- who wishes to remain anonymous - chose DLRC Auctions to sell this specimen
because this is one of the very few gold coins missing from the Richmond
Collection. He remarked that there "may never be a better time or place than
the Richmond Sale in New York to showcase this fabulous rarity."
This coin has likely never been offered for sale in a public auction. It last
traded hands in the 1950's and has never seen the light of day since then. The
specimen had never been examined by a third party grading service until NGC
assigned it a grade of MS63 PL in early March of this year. According to Mark
Salzberg, President and head grader at NGC, "this coin ranks among the most
important U.S. coins we've ever certified. By weight, it may well be the most
valuable piece of gold on earth." Paul Nugget, a senior numismatist at Spectrum
Numismatics and a well-respected specialist of United States gold issues
remarked that "this is the greatest discovery gold coin to hit the market in
over 20 years."
This specimen is the finest graded of this great rarity. The only known specimen
in mint state, it's an historic item whose peers are coins like the 1804 dollar
and 1822 $5. The details are unusually sharp for this early Charlotte issue,
which typically is seen softly struck. In fact, the surfaces exhibit clear
proof-like fields which suggest a possibility that it was the first struck
coin. It remains unknown why a handful of 'open wreath' examples were struck of
this date. In fact, the variety was not discovered for over 50 years after it's
issue, which explains why this is the only known coin to escape circulation.
The coin will be sold with the Richmond Collection, Part I (Gold issues) on July
22-23 in New York City. The sale is being held in conjunction with the New York
Invitation Coin Show at the Grand Hyatt in midtown Manhattan.
Click here for an enlarged image of the 1849-C Open Wreath $1, NGC MS63 PL.
Facts about the 1849-C "Open Wreath" Gold Dollar
According to Coinfacts.com, the following specimens of 1849-C are known:
-
PCGS AU-58. Sold as part of the "North Georgia
Collection" of Southern Gold coins in January, 1999 by Heritage Numismatic
Auctions.
-
PCGS AU-58
(upgraded from PCGS AU-55). DLRC Auctions note: Doug Winter, noted U.S. Gold
specialist states the following on his web site, raregoldcoins.com: "the
listing of a second AU-58 1849-C Open Wreath Gold Dollar in the PCGS Population
Report is a clerical error." If this is the case, then there are only 3 other
known specimens.
-
Extremely Fine.
-
NGC Fine 15. This coin has numerous scratches in the
center of the reverse and shows traces of an old mounting on the right
side. "McReynolds" (before 1956) - Leo Young - Charles Southwick - Pine
Tree's 9/1974 "GENA Sale", lot 1952 at $35,000 - Stack's 5/1986 sale of the
Elrod collection, Lot 1330 - California collection (obtained via private treaty
from Winthrop Carner for a reported $150,000 - Heritage Rare Coin Galleries
(1997) - William Miller collection - Heritage Numismatic Auctions, Inc. 1/2003
sale, lot 4607 $97,750 - Mid-American Rare Coins - private collector.
-
Grade unknown. Discovery coin which surfaced at a
New Orleans coin dealer in 2003. Sold by private treaty for an undisclosed
amount. Probably AU.
-
NGC MS63 PL. (This coin.)
The specimen to be sold by DLRC Auctions was heretofore unknown and
undocumented. This example is far superior to any other and will be of great
interest to collectors of great numismatic rarity; gold collectors; and
specialists of Charlotte Mint issues. John Feigenbaum, President of DLRC
Auctions, estimates the coin's value to be "anywhere from $750,000 to over $1
million." He continued, "In this market, there's no telling what a discovery
rarity of this kind can bring." 1849-C Open Wreath is ranked 42nd in the "100
Greatest U.S. Coins" by Jeff Garrett and Ron Guth.
Facts about the "Richmond Collection"
The Richmond Collection comprises one of the greatest U.S. coin assemblages ever
brought to public sale. Accumulated over three decades by a private collector,
Richmond contains nearly every regular issue U.S. coin minted from 1838-1955
with many proof issues. All Silver dollars from 1794-1934 are present, lacking
only the 1804, but containing the ultra-elusive 1870-S Seated and 1885 Trade.
The Collection will be sold in three separate public auctions, the first of
which contains all the U.S. gold issues from $1 to $20. (Gold commemoratives to
be sold with Silver dollars in Fall 2004.) The gold portion of the collection
is easily one of the most complete offerings ever assembled in one collection.
Lacking from the collection are just a handful of the greatest rarities (many
of which are unique). According to Feigenbaum, "The addition of the 1849-C
brings us to within 4 or 5 coins missing. Period."
Other highlights in the July sale include:
-
1861-D Gold $1 MS64
-
1796 $2.50 AU58
-
1841 $2.50 Proof 50
-
1854-S $2.50 VF35
-
$4 Stellas: complete gold set of 4 coins
-
1875 $5 AU55
-
1914 $5 Proof 68 (Finest graded)
-
1875 $10 AU55 (Finest graded)
-
1933 $10 MS64
-
1854-O $20 AU53
-
1856-O $20 AU50
-
1870-CC $20 AU50
-
1927-D $20 MS62
More information and detailed contents of the Richmond Collection can be found
on the DLRC Auction web site: www.davidlawrence.com/richmond.
DLRC Auctions
PO Box 9174
Virginia Beach, VA 23450
800-776-0560
www.davidlawrence.com
email: info@davidlawrence.com
DLRC to Auction $25 Million 'Richmond Collection' of U.S. Coins
One of the greatest U.S. coin collections ever assembled will come to market
this summer, thanks to DLRC Auctions. The Virginia Beach-based company will
make history with three auctions spanning 16 months. With over 3,600 U.S. coins
the Richmond Collection is not only one of the most comprehensive ever seen, it
includes dozens of coins rarely offered for public sale, such as the
finest-known 1894-S dime, the extraordinarily elusive 1870-S silver and the
1885 Trade dollar.
"It's the most exciting collection to come to market since Eliasberg, and may
never be duplicated," says John Feigenbaum, president of DLRC Auctions. The
family-owned business announced the deal today (Monday, January 26, 2004).
The Richmond Collection was assembled by a prolific and fastidious collector
over the past three decades. There are two complete sets of mint state Morgan
dollars; otherwise, not a single coin is duplicated. The collection contains
nearly every single U.S. mint issue from 1839 to the contemporary issues. Every
series is represented and complete with the exception of the early coppers and
Bust minors.
So complete is the collection that its catalog "literally creates an
illustrated guide to every coin minted," Feigenbaum says.
The majority of the coins in the Richmond Collection were recently graded by
NGC with the pedigree attributed. DLRC Auctions will sell the Richmond
Collection in three live auctions and one Internet-only sale. The first sale
will contain a complete set of U.S. Gold coins from $1-$20 missing only the
1854-S $5 and 1933 $20, including a complete four-piece set of Stellas. The
sale will take place on July 22-23 in New York City, in conjunction with the
New York Invitational Show in mid-town Manhattan.
Among the scores of highlights, the following great numismatic
rarities are present in the Richmond Collection:
-
1864 2c Sm.Motto Proof 64 RD
-
1894-S 10c Proof 66 (Finest Known)
-
1876-CC 20c MS64
-
1873-CC No Arrows 25c MS63
-
1842 Small Date 25c Proof 66 (Finest)
-
1855-S 25c & 50c Branch-mint Proofs (Unique)
-
1878-S 50c MS63
-
1794 $1 XF45
-
1870-S Seated $ XF40
-
1871-CC Seated $ MS63
-
1884 Trade $ Proof 64
-
1885 Trade $ Proof 62
-
1861-D $1 MS64 (tied for Finest)
-
1796 $2.50 AU58
-
1841 $2.50 Proof 50
-
1854-S $2.50 VF35
-
$4 Stellas set of 4 coins
-
1875 $5 AU53
-
1914 $5 Proof 68 (Finest graded)
-
1875 $10 AU55 (Finest graded)
-
1933 $10 MS64
-
1854-O $20 AU53
-
1856-O $20 AU50
-
1870-CC $20 AU50
-
1927-D $20 MS62
A brief summary of the collection by series is listed below:
SMALL CENTS -- HALF DOLLARS
-
Flying Eagle & Indian Cents: complete business & proof
strike set, including major varieties (1873 Dbl. Liberty MS64 RB; 1887/6 AU58;
1894/1894 MS65 RD)
-
Lincoln Cents: complete date/mint business & proof strike
set: 1909-1955 (incl. 1917 & 1936 Double Dies)
-
2-cent, 3-cent Nickel, 3-cent Silver: complete date/mint
business & proof strike sets, including major varieties (1864 2c Sm.Motto
Proof 64 RD)
-
Shield nickels: complete business & proof strike set (1880
MS65; 1867 w/Rays Proof 66 Cameo)
-
Liberty Nickels: complete business & proof strike set
(1885 MS66)
-
Buffalo Nickels: complete business & proof strike set
(1918/7-D MS64)
-
Liberty Seated Half Dimes: complete business strike except for
1870-S; nearly compete proof strike with a majority of known issues from
1839-1855)
-
Liberty Seated Dimes: complete business strike; nearly compete
proof strike with a majority of known issues from 1839-1855 (1860-O MS64;
1874-CC MS62)
-
Barber Dimes: complete business & proof strike set (Finest
Known 1894-S in Proof 66; only graded 1893/2 Proof 61)
-
Mercury Dimes: complete business & proof strike set
-
Twenty-cent Pieces: complete business & proof strike set
(1876-CC MS64)
-
Liberty Seated Quarters: complete business strike; nearly
compete proof strike with a majority of known issues from 1839-1855 (1842 Small
Date Proof 66; unique 1855-S Proof 63; 1853 A&R Proof 65; 1873-CC No Arrows
MS63)
-
Barber Quarters: complete business & proof strike set
(1901-S MS66)
-
Standing Liberty Quarters: complete (1916 MS66 FH)
-
Liberty Seated Half Dollars: complete business strike; nearly
compete proof strike with a majority of known issues from 1839-1855 (1878-S
MS63; unique 1855-S Proof 63)
-
Barber Halves: complete business & proof strike set
SILVER DOLLARS
-
Bust Dollars: complete 1794-1803 (1794 XF45)
-
Liberty Seated Dollars: complete business & proof strike
set including the ultra-rare 1870-S in XF40 (1872-CC MS63; 1873-CC MS61; 1841
Proof 64; 1849 Proof 65)
-
Trade Dollars: complete business & proof strike set (1884
Proof 64; 1885 Proof 62)
-
Morgan Dollars: 2 complete business strike sets; 1 complete
proof set (all coins MS63 or higher; 1895 Proof 67)
-
Peace Dollars: 2 complete sets
GOLD COINAGE
-
$1, complete date/mint business strike set (1861-D MS64)
-
Early $2.50 type set (1796 AU58; 1808 AU55; 1830 MS65)
-
Liberty $2.50, complete date/mint business strike set and
proof issues of 1841 & 1863
-
Indian $2.50, complete for business & proof strikes
-
$3 Princess, complete business strikes (missing 1870-S), and
proofs of 1873 -- both open & closed 3 (1875 Proof 65 Ultra Cameo)
-
$4 Stella, complete 4 piece proof set (1880 Coiled Hair Proof
62)
-
Early $5 type set (1826 MS64)
-
Liberty $5, complete date/mint business strike set (missing
1854-S) and proof issue of 1887 (1842-C Sm.Date AU58; 1875 AU53)
-
Indian $5, complete for business & proof strikes (1914
Proof 68)
-
Draped Bust $10, complete for business strikes (1797 Sm.Eagle
AU55; 1798/7 7x6 XF45)
-
Liberty $10, complete date/mint business strike set (incl.
major varieties) and proof issues of 1873 (finest graded 1875 in AU55)
-
Indian $10, complete for business & proof strikes (1933
NGC MS64)
-
Liberty $20, complete date/mint business strike set and
proof-only issues of 1883, 1884, 1887 (missing 1861-P Paquet)
-
Saint Gaudens $20, complete for business & proof strike,
including the 1927-D in MS62 (missing 1933)
COMMEMORATIVES (GOLD & SILVER)
-
Complete set of business strikes, including $50 Octagonal
& Round issues
Limited edition hardcover catalogs of the Richmond Collection, Part I (Gold
Issues) can be purchased in advance for $50.
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