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Press Release - May 9, 2016
Finest known 1792 Silver Disme brings $998,750 in Heritage’s $28 million CSNS AuctionsEarly American rarities top the bill as collectors descend on April 27-May 1, 2016 Heritage Central States Numismatic Society auction; US & World Currency auctions bring $5.2+ million. Market remains vibrant with over 92% sold by dollar value.
The $22.7+ million U.S. Coins auction was the lead event in Heritage's $28 million trio of CSNS events — featuring a sell-through rate by total dollar value of more than 92% — which saw Heritage's CSNS Currency Signature® Auction realize $4.3+ million and Heritage's World Currency Signature® Auction, which rose to more than $900,000.
"Important early U.S. coinage was the main draw in this auction," said Greg Rohan, President of Heritage Auctions, "and elite collectors stepped up to take advantage of offerings that may well not be seen again for another generation or two."
The finest known J-10 1792 Disme SP64 Brown PCGS Secure, Ex: Garrett-Simpson, proved itself as an incredible and desirable artifact of the first days of the United States, nabbing a final price realized of $705,000. The coin's significance as one of the first minted in the newly constructed Philadelphia Mint in the early 1790s, was enhanced by its close association with David Rittenhouse, the first Director of the U.S. Mint.
Rounding out the early U.S. trio atop the auction podium was an impressive 1776 Continental CURRENCY Dollar MS65 PCGS Secure, in pewter, which rose amidst spirited bidding to finish the evening with a $235,000 final price realized. The 1776 Continental dollar is one of the most enigmatic issues in the early federal coinage series, with researchers believing they were struck as a substitute for paper dollars in late 1776.
A stunning octagonal 1915-S Panama-Pacific Fifty Dollar MS65 PCGS Secure CAC, boasting fantastic luster and originality, enticed a collector to take it home with a $205, 625 final price realized, while an 1844 Proof Quarter PR65 PCGS Secure CAC Gold Label, Ex: Pittman-Kaufman — the sole example available — realized $188,000, a solid price and a tribute to its rarity.
Further highlights include, but are not limited to:
1864 1 cent L On Ribbon PR65 Red Cameo PCGS Secure, Ex: Norweb: Realized $152,750.
1866-S $20 No Motto MS61 PCGS: Realized $152,750.
1833 $2-1/2 BD-1, R.5, MS66 PCGS, Ex: D. Brent Pogue: Realized $146,875.
1807 50C Draped Bust MS65+ PCGS CAC: Realized $141,000.
1652 Willow Tree Shilling XF45 NGC CAC: Realized $141,000.
Hi-Res images available:
Eric Bradley, Public Relations Associate
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