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Press Release - November 7, 2013
High-grade 1893-S Morgan Dollar Realizes $235,000 To Lead Heritage Auctions’ $11.3+ Million U.S. Coin Event In New York
Top lots include high-grade silver coinage and gold rarities as a 1943-S Bronze cent brings $141,000
DALLAS — An 1893-S Morgan Dollar MS64 NGC, from the famously low mintage of any regular issue Morgan, brought $235,000 to take top lot honors at Heritage Auctions' U.S. Coin Signature® Auction Nov. 1-3 in New York. High-grade silver coinage, gold rarities, and a 1943-S Bronze cent achieved the top prices at the event, which realized $11,353,383 with post-auction buys ongoing.
"This was a deep auction with many coins performing well," said Greg Rohan, President of Heritage Auctions. "When key rarities in high grades came up for bid, prices were strong regardless of series."
Leading the way was the 1893-S Morgan dollar, as eight bidders drove the price of the near-Gem example to $235,000. The 1893-S dollar's translates to a small supply that has to meet huge collector demand, particularly in Mint State grades.
Two more silver coins were close behind. An 1839 No Drapery half dollar, PR64+ PCGS Secure, CAC, is one of only five known proof examples and realized $223,250. A 1799 silver dollar with 7x6 Stars Obverse, B-12b/BB-160 variety, MS65 NGC, CAC, realized $211,500.
A pair of 19th-century gold highlights round out the top five prices realized. An 1861-S double eagle with Paquet Reverse, AU58 NGC, brought $176,250. An 1854 three dollar gold piece graded PR64+ Cameo PCGS, CAC, went for $164,500.
"As with silver, the top gold lots show the importance of quality and rarity together," said Rohan. "The 1861-S Paquet double eagle is one of the finest available and that showed in the price. Likewise, the proof 1854 three dollar was a very rare coin from the year it was struck, but it was condition that sent the price so high."
A 1943-S Bronze cent, struck in a copper alloy instead of steel and the top seller in The Geyer Family Collection, realized $141,000. An 1849 Mormon twenty dollar gold piece, Genuine PCGS, enjoyed pre-auction publicity from Salt Lake City's NPR affiliate and brought $85,187.50.
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