Press Release - January 14, 2008

$10 Million Queller Family Collection of United States Silver Dollars, 1794-1935 to be Offered at Central States Auction

Includes 1804 Silver Dollar Rarity

Dallas, TX: A legendary 1804 Bust dollar will be one of the many highlights when The Queller Family Collection of United States Silver Dollars, 1794-1935, assembled by David Queller, is auctioned by Heritage Auction Galleries at their official Central States Auctions, April 16-19, 2008. Heritage will be offering Signature and Platinum Night sessions of coins at the CSNS convention in Rosemont (Illinois), as well as Currency.

"This is an amazing collection," commented Heritage Vice President Leo Frese. "The quality of the individual coins, and the completeness of the series - especially considering the number of ultra-rarities included - suggest that this is the finest collection of silver dollars ever assembled. It includes many incredible rarities, including the 1804 dollar, an 1870-S Seated dollar, and a Gem 1802 Proof dollar. No one else has accomplished such a feat in terms of both quality and scope."

"David Queller's Silver Dollar Collection," continued Frese, "represents four decades of dedicated collecting. He grew up during the 1930s, when it was attractive for him to sell copies of the Saturday Evening Post to his schoolteachers to clear a quarter-dollar profit. Hustling to earn more, he began to deliver the Sunday edition of the NY Daily News to his classmates during the wee hours, all for a one-dollar profit. His father offered to pay him two dollars to give up the scheme and get a proper night's sleep, but David already recognized the importance of earning in motivating saving. Understanding the importance of one dollar ultimately led to his creating the greatest collection of American silver dollars."

Mr. Queller bought his first Red Book in 1954, but didn't begin collecting coins until the 1960s. Since his collecting experience as a boy had been limited to stamps and cacheted envelopes, he didn't begin pursuing rare coins until he was well grounded in the basics. His first collecting interest was half dollars, and over several decades he assembled what was arguably the finest collection of halves ever! By the late 1960s, he had expanded his collection into the dollar denomination, and the Queller Family Collection of Silver Dollars became a family effort.

After four decades of dedicated collecting, the collection is remarkable for its breadth and quality. It contains:

  • Over 100 different Bust dollars, mostly different BB numbers
  • Complete Seated dollars, nearly all in Mint State
  • Complete Seated dollar Proofs (many from the Amon Carter Collection)
  • Complete Trade dollars in Mint State
  • Complete Morgan dollar Proofs
  • Complete Peace dollars in Mint State

1804 $1, Class I, Mickley Specimen PR62 NGC

"Without question," continued Frese, "the star of the collection is the fantastic Queller-Hawn-Lilliendahl-Mickley 1804 Class I silver dollar. This 1804 Silver Dollar is one of the most storied and desirable of all American rarities. One of only fifteen total 1804 dollars known, it is one of only eight known Class I examples (of which only five are available to collectors). It also comes with an incredible pedigree, tracing back to Pennsylvanian Joseph J. Mickley, who acquired it about 1850; Mickley's collection started with his search for a cent from his 1799 birth year. W. Elliot Woodward auctioned Mickley's Collection in 1867, and William A. Lilliendahl acquired the 1804 dollar. The next owner was William Sumner Appleton, who ultimately bequeathed it (and most of his collection) to the Massachusetts Historical Society in 1903. The Society deaccessioned most of their numismatic items in 1970, and after a few years in a private Chicago Collection, Texan Reed Hawn acquired the Mickley Specimen. David Queller purchased the Reed Hawn 1804 dollar in 1993."

As most numismatists know, no silver dollars were struck in 1804 with that date (Mint records indicating 19,570 silver dollars struck were all dated 1803 and earlier). The Class I 1804 silver dollars were actually struck about 1834 or 1835; these are the pieces formerly called "Originals," and are the most important pieces. They were intended to be used for diplomatic and other presentation purposes, and were struck by the Mint on behalf of the U.S. Department of State to facilitate potential trade negotiations. Mint personnel checked old records, and discovered that silver dollars and eagles were last minted in 1804, so new dies were prepared with the old dates, and the 1804 silver dollar was created. The Class II and Class III coins, formerly called Restrikes, were coined from the late 1850s to the early 1870s, and were struck by the Mint for sale to coin collectors.

1870-S Seated dollar, XF40 NGC

The 1870-S silver dollar is another of the super-rare coins sprinkled throughout American numismatics - prohibitively rare, according to some. Certainly, it is in a different class than the "incredibly rare" 1871-CC, 1873-CC, or the phantom 1873-S. The Seated dollar series has so many rarities that a complete set is a major accomplishment, but none reach the level of the 1870-S. According to Mint records, none were produced; of course, the verified existence of survivors (even though less than one dozen coins) is more persuasive evidence than the records. The same could be said for the unreported 1870-S half dime and 1870-S three-dollar piece (both unique). The pedigree for this extraordinary coin, reportedly from the Matthew Adams Stickney Collection, includes Col. E.H.R. Green, James Kelly, Jack Roe, Charles Williams, Abe Kosoff, Samuel Wolfson, and R. L. Miles, Jr. This is one of the rarest United States coins struck for circulation, and to own one is the mark of a great collection.

1802 dollar, PR65 Cameo PCGS

"Another great rarity from the Queller Family Collection of United States Silver Dollar is his Proof 1802 Bust dollar; certified as a Gem Cameo Proof by PCGS, this incredible coin just screams quality. In today's market, it will take a serious commitment to buy such a coin, imbued with rarity, quality, and eye appeal. This is unquestionably one of the greatest American numismatic treasures. This is an opportunity that cannot be ignored, as it is one of the finest early proofs prepared by the American Mint," concluded Frese.

Additional Highlights from the Queller Family Collection:

BUST DOLLARS

1794 Flowing Hair dollar, B-1, BB-1, AU58 NGC

1795 Flowing Hair dollar, B-10, BB-22, R.7, MS61 NGC

1795 Flowing Hair dollar, B-5, BB-27, MS61 NGC

1795 Draped Bust dollar, B-14, BB-51, MS61 NGC

1796 Draped Bust dollar, Large Letters, B-4, BB-61, AU58 NGC

1797 Draped Bust dollar, 10x6 Stars, B-3, BB-71, MS63 NGC

1798 Draped Bust dollar, Small Eagle, B-2, BB-81, MS60 NGC

1798 Bust dollar, Wide Date, B-22, BB-104, MS61 NGC

1798 Bust dollar, Wide Date, MS61 NGC

1798 Bust dollar, Large Eagle, MS63 NGC

1798 Bust dollar, B-26, BB-114, AU58 NGC

1799 Bust dollar, B-8, BB-165, MS62 NGC

1799 Bust dollar, B-21, BB-169, AU58 PCGS

1800 Bust dollar, B-8, BB-188, MS62 NGC

1800 AMERICAI Bust dollar, B-11, BB-191, MS62 NGC

1800 AMERICAI Bust dollar, B-19, BB-192, MS64 NGC

1800 Bust dollar, B-13, BB-193, MS62 NGC

1801 Bust dollar, B-3, BB-213, MS62 NGC

1802/1 Bust dollar, B-4, BB-232, MS63 NGC

1802/1 Bust dollar, MS62 NGC

1802 Bust dollar, B-6, BB-241, MS63 NGC

1803 Bust dollar, Small 3, B-5, BB-252, MS64 NGC

1803 Bust dollar, Large 3, B-6, BB-255, MS62 NGC

SEATED DOLLARS

1841 Seated dollar, MS65 NGC

1846-O Seated dollar, MS61 NGC

1847 Seated dollar, MS64 NGC

1852 Seated dollar, MS62 NGC

1855 Seated dollar, MS64 NGC

1859-S Seated dollar, MS63 NGC

1861 Seated dollar, MS65 NGC

1870-CC Seated dollar, MS60 NGC

1871-CC Seated dollar, AU58 NGC

1872-CC Seated dollar, MS64 NGC

1872-S Seated dollar, MS63 NGC

1873-CC Seated dollar, AU55 NGC

SEATED DOLLAR PROOFS

1840 Seated dollar, PR62 NGC

1841 Seated dollar, PR63 NGC

1842 Seated dollar, PR63 NGC

1843 Seated dollar, PR64 NGC

1844 Seated dollar, PR64 NGC

1845 Seated dollar, PR64 NGC

1846 Seated dollar, PR63 NGC

1847 Seated dollar, PR63 NGC

1848 Seated dollar, PR62 NGC

1849 Seated dollar, PR64 NGC

1850 Seated dollar, PR64 NGC

1851 Seated dollar Restrike, PR63 NGC

1852 Seated dollar Restrike, PR64 NGC

1853 Seated dollar, PR65 NGC

1854 Seated dollar, PR64 NGC

1855 Seated dollar, PR63 Cameo NGC

1856 Seated dollar, PR64 NGC

1857 Seated dollar, PR64 NGC

1858 Seated dollar, PR63 NGC

1859 Seated dollar, PR63 Cameo NGC

1860 Seated dollar, PR66 NGC

1861 Seated dollar, PR65 Cameo NGC

1870 Seated dollar, PR65 Cameo NGC

TRADE DOLLARS

1874-CC Trade dollar, MS64 NGC

1876-CC Trade dollar, MS62 NGC

1876-CC Trade dollar, Doubled Die Reverse, MS61 NGC

1877-CC Trade dollar, MS63 NGC

MORGAN DOLLARS

1878 7TF Morgan dollar, Reverse of 1878, PR65 Cameo NGC

1892 Morgan dollar, PR66 Cameo NGC

In addition to the Queller Collection, Central States will also feature Part Three of the extraordinary Seated proofs of the Kaufman Collection. To discuss consigning coins or currency to the Official Auctions at the Central States Numismatic Society convention (April 16-19, 2008), call the Heritage Consignor Hotlines at 800-872-6467 ext. 1000 (Coins); or ext. 1001 (Currency). The consignment deadline is March 6, 2008.

For more information about Heritage's auctions, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HA.com.

To reserve your copy of any Heritage auction catalog, please contact Client Services at 1-800-872-6467, ext. 150, or visit www.HA.com/Catalog to order by email.

HERITAGE MEMBERSHIP
866,952
bidder-members
$925,060,418
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Consign to the 2014 July 30 Americana, Political Signature Auction -.
Learn About Consigning With Us
Heritage has provided essentially flawless service.
J.T.
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com