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Press Release - April 12, 2007
Heritage's April Dallas Signature Auction
The Jackson Hole Collection, the Former #1 Morgan Dollar Registry Set, Excels
Dallas, TX: Heritage's April 9-10 Dallas Signature Auction, featuring the Jackson Hole Registry Collection of Morgan Dollars, realized $7,038,140. The final prices realized are expected to reach $8 million after results are posted from Post Auction Buys and the Final Session (formerly titled the OnLine Session). The auction was held by Heritage Auction Galleries at their Dallas world headquarters.
The magnificent Jackson Hole set was previously listed as the #1 PCGS Registry set in several categories, and at the time of auction was ranked the #2 Current and #2 All-Time Finest set on the Registry (Morgan Dollars with Varieties, Circulation Strikes, 1878-1921; Morgan Dollars Date Set, Circulation Strikes 1878-1921). "The numismatist who assembled The Jackson Hole Collection" noted Heritage President Greg Rohan, "chose his Morgan dollars for their aesthetic appeal, and that same eye-appeal obviously extended to a new generation of buyers."
April Dallas Signature Auction highlights:
Lot 1: 1878 8TF MS67 PCGS, VAM-14.3, Realized: $46,000
The 8TF, 7TF, and 7/8TF Morgans are often the first varieties encountered by numismatists. The certified Population is 2 in 67, with none finer (2/07). From The Jackson Hole Collection.
Lot 8: 1879 MS67 PCGS, Realized: $46,000
Despite nearly 15 million silver dollars struck at Philadelphia in 1879, Superb examples are seldom seen, with this the sole MS67 and none finer. From The Jackson Hole Collection.
Lot 10: 1879-CC Capped Die MS65 PCGS, VAM-3. A Top 100 Variety, Realized: $37,375
A prized rarity in Mint State among Morgan dollar specialists. From The Jackson Hole Collection.
Lot 13: 1879-S Reverse of 1878 MS66 PCGS, A Top 100 Variety, Realized: $35,938
Pressure to meet the demand placed on the various mints by the Bland-Allison Act to crank out millions of silver dollars perhaps resulted in the San Francisco Mint using a few leftover dies from the previous year. Population: 2 in 66, 0 finer (2/07). From The Jackson Hole Collection.
Lot 20: 1880-CC 8/7 Reverse of 1878 MS67 PCGS, VAM-7, R.4, Realized: $32,200
For the Morgan dollar connoisseur seeking the finest available quality, this is a remarkable opportunity, with a population of only 2 in 67, and none finer (2/07). From The Jackson Hole Collection.
Lot 27: 1881-CC MS68 PCGS, Realized: $48,875
The majority of examples were kept in government vaults, so Mint State representatives are certainly available, but of the millions of coins so stored only a handful can compare to this marvelous Morgan dollar (one of just three pieces certified MS68 by PCGS, with none finer for any Carson City Morgan issue. From The Jackson Hole Collection.
Lot 42: 1884-S MS63 PCGS, Realized: $31,625
The '84-S is a rarity in Mint State grades, a fact not widely recognized until the 1930s; only 16 have been certified finer. From The Jackson Hole Collection.
Lot 57: 1888-O Scarface MS63 PCGS, VAM 1B, A Top 100 Variety, Realized: $6,900
This is the largest and one of the most spectacular die cracks on any Morgan silver dollar; only one certified finer. From The Jackson Hole Collection.
Lot 61: 1889-CC MS64 Prooflike PCGS, Realized: $54,625
The '89-CC is easily the rarest Carson City Mint Morgan dollar, and none have been certified finer in prooflike. From The Jackson Hole Collection.
Lot 76: 1892-S MS66 PCGS, Realized: $189,750
This is a sensational example, and among the finer pieces we have handled; one of only 3 certified 66, with 6 finer (2/07). From The Jackson Hole Collection.
Lot 77: 1893 MS66 PCGS, Realized: $43,125
The strike on this example is above average, and the eye appeal is exceptional; 378,000 examples were coined in Philadelphia during the year, and only 3 certified in 66 with 1 finer (2/07). From The Jackson Hole Collection.
Lot 80: 1893-S MS63 PCGS, Realized: $149,500
In all grades, this date is the rarest of all Morgan dollars; only 9 certified in 63, with 11 finer (2/07). From The Jackson Hole Collection.
Lot 81: 1894 MS65 PCGS, Realized: $32,200
The design elements are boldly detailed, but the incredible luster and mint frost of this example are seldom encountered on any example of this date; only 3 have been certified finer. From The Jackson Hole Collection.
Lot 82: 1894-O MS65 PCGS, Realized: $48,300
This is a gorgeous Gem with brilliant surfaces accented by light peripheral gold color on one of the most important condition rarities in the series; none have been certified finer. From The Jackson Hole Collection.
Lot 84: 1895-O MS64 PCGS, Realized: $69,000
This date is one of the rarest Morgan dollars in Mint State grades, and it is extremely rare in Choice and Gem grades. From The Jackson Hole Collection.
Lot 87: 1896-O MS64 PCGS, Realized: $43,125
The 1896-O is a scarce date in all Mint State grades, although common in circulated grades; only three examples have been certified finer. From The Jackson Hole Collection.
Lot 90: 1897-O MS66 PCGS, Realized: $63,250
The '97-O is another date that is conditionally rare, being rare in Mint State, and extremely rare in Gem. Population is only 5 in 66, with 2 finer (2/07). From The Jackson Hole Collection.
Lot 102: 1900-S MS67 Prooflike PCGS, Realized: $48,875
Exceptional surfaces with fully mirrored fields and highly lustrous devices--a wonderful cameo presentation and the single finest 1900-S silver dollar ever certified by PCGS. From The Jackson Hole Collection.
Lot 103: 1901 MS64 PCGS, Realized: $37,375
For the serious collector, this date is one of the biggest challenges in the series; only 3 have been certified finer (2/07). From The Jackson Hole Collection.
Lot 116: 1904-S MS67 PCGS, Realized: $32,200
A key date, and Gem or finer pieces are truly elusive; the certified population is 2 in 67, with none finer (2/07). From The Jackson Hole Collection.
Lot 120: 1895 $1 PR66 Deep Cameo PCGS, Realized: $126,500
Simply, 1895 is the date with the most cachet in the Morgan series, and in this illustrious grade has few equals; only 4 finer (3/07). From The Jackson Hole Collection.
Lot 122: 1879 Morgan Half Dollar, Judd-1601, Pollock-1796, High R.6, PR66 PCGS, Realized: $18,400
The obverse is essentially identical to the issued Morgan dollar, although reduced in scale for the half dollar denomination pattern. From The Jackson Hole Collection.
Lot 481: 1792 Half Disme, Judd-7, Pollock-7, R.4, XF Details, Realized: $74,750
As America's first silver coin, and with its strong associations with George Washington, one of the greatest classic rarities in American numismatics.
Lot 642: 1877-S 25C Over Horizontal S MS65 NGC. FS-501, Briggs 4-D, Realized: $3,450
The initial S mintmark was punched into the die horizontally, then corrected with an upright S mintmark. None certified finer (2/07).
Lot 942: 1852 $1 MS62 PCGS, Realized: $57,500
In 1852, the Philadelphia Mint coined just 1,100 circulation strike dollars; only six certified finer (2/07).
Lot 1694: 1880 $4 Flowing Hair, Judd-1657, Pollock-1857, R.6, PR65 NGC, Realized: $316,250
The "Stella" is exceedingly popular among numismatists, especially in Gem.
This is the variety with Star 13 firmly embedded in the bust of Liberty; only two certified finer (2/07).
Lot 1699: 1834 $5 Capped Head, Crosslet 4 MS64 NGC. Ex: Freedom Collection. B. I-3, Breen-6500, Bass-3166, BD-2, R.5, Realized: $103,500
The final "old tenor" design type was coined from 1829 through early 1834, with less than 400 coins surviving. Apparently Ex: John W. Haseltine (69th Sale, 6/1883); Garrett Collection; Johns Hopkins University (Bowers and Ruddy, 11/1979), lot 477.
Lot 1811: 1916-S $5 MS66 PCGS, Realized: $63,250
A coin with startlingly well detailed sharpness; none certified finer at either service (2/07).
Lot 1814: 1799 $10 Small Stars Obverse MS63 NGC, Breen-6839, Taraszka-14, BD-2, High R.5, Realized: $41,688
Researchers believe that the 1799 Large Stars varieties were created after the Small Stars punch broke during the creation of a die.
Lot 1883: 1907 $10 Wire Rim MS64 NGC, Realized: $41,400
Many numismatists feel that the 1907 Periods, Wire Rim eagles most perfectly represent Augustus Saint-Gaudens' concept for this coin.
Lot 1976: 1877-CC $20 MS62 PCGS, Realized: $48,875
This date remains rare in Mint State; none have been certified finer.
Lot 2068: 1907 $20 High Relief PR66 NGC, Realized: $83,375
One of Saint-Gaudens' great gifts was to sculpt figures on a heroic scale, and yet imbue them with personality in the most human dimensions.
Images, descriptions, and prices realized from all of Heritage's previous auctions are available in the Permanent Auction Archives at the Heritage website, www.HA.com.
To reserve a copy of the catalog for any upcoming Heritage auction, please contact Client Services, Heritage Auction Galleries, 3500 Maple Avenue, 17th Floor, Dallas, TX 75219, or call 1-800-872-6467.