- Art & Antiques
- Entertainment & Music
Press Release - August 13, 2012
1907 Ultra High Relief Double Eagle Brings $1+ Million To Lead Heritage’s $27.5+ Million Philadelphia Auction
Rare numismatic gold, early American coinage continue showing strength in Platinum Night® auction
DALLAS – 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.
“More than $21 million in rare coins sold altogether in Aug. 3’s Platinum Night,” said Greg Rohan, President of Heritage Auctions. “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.
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 Rohan. “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. 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. 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.
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.