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Sunday, 10 Jul 2011

1804 Dollar Sold for $3,737,500 at Heritage's $44 Million Auctions

 

Queller Silver DollarsThe great collection of David Queller, containing rare silver dollars and presented at the Official Auction of the Central States Numismatic Society convention gathered and impressive sum. The star of the collection was the 1804 Silver Dollar, which realized $3,737,500. It is worth reminding that the auction was held by Heritage Auction Galleries.

 

By mixing the 1804 Silver Dollar with currency results, all the prices currently realized went over the $42.6 million mark. When the proceeds from all Post Auction Buys along with Final Session auctions are adjoined, the total prices will most likely go over the $44million mark.

 

Over 6,700 bidders took part in the Signature and Platinum Night events. In addition more than 3,000 bidders are expected to take part in the Final Sessions. The official website of Heritage offers images, descriptions as well as prices currently realized at the auction that was held in Rosemont, Illinois in the period between April 16 and 18.

 

"Heritage was very pleased with the auction wide results at Central States and especially so for the results of the wonderful Queller Family Collection. As anticipated, the market reacted well to the combination of rarity and quality that marked all of the coins assembled by a discerning eye. And also as anticipated, the most valuable three coins sold in Rosemont were all Queller coins. The prices further support claims that this was the greatest silver dollar collection ever assembled," said Greg Rohan, the President of Heritage Auction Galleries.

 

According to Mr. Rohan, for the past 3 years, Heritage realized impressive results at Central States auctions: in 2005 – it accounted $24,265,967; in 2006 - $24,145,105; and last year Heritage realized $24,912,768.

 

Queller Family Silver Dollars"Frankly, we were beginning to wonder when we were going to exceed that $25 million level! Well, we have decisively smashed that barrier in 2008, and any concerns about the overall economy were decisively rejected by astute collectors willing to pursue quality," commented Greg Rohan.

 

Most Impressive Coins from the Auctions:

 

Lot 2000: 1794 $1 AU58 NGC.

From The Queller Family Collection of Silver Dollars.
Price Paid: $488,750

 

Lot 2088: 1802 "Novodel" Dollar, PR65 Cameo PCGS
From The Queller Family Collection of Silver Dollars.
Price Paid: $920,000

 

Lot 2089: 1804 Silver Dollar, Class I "Original," PR62 NGC
The star lot of the auction. This is the most popular American numismatic items.

From The Queller Family Collection of Silver Dollars.
Price Paid: $3,737,500

 

Lot 2112: 1855 $1 MS64 NGC. CAC.
This coin is the most excellent Uncirculated 1855 Seated Liberty dollar and is still considered to be the finest known.
From The Queller Family Collection of Silver Dollars.
Price Paid: $149,500

 

Lot 2129: 1870-S $1 XF40 NGC
This 1870-S Seated dollar was issued by the San Francisco Mint.

From the Queller Family Collection of Silver Dollars.
Price Paid: $805,000

 

Lot 2150: 1853 $1 Restrike PR65 NGC
This amazing US coin is among the rarest in the collection.

From the Queller Family Collection of Silver Dollars.
Price Paid: $103,500

 

 

Lot 2217: (1659) Lord Baltimore Shilling AU58 NGC. Breen-64, Large Head, R.6.
Only two coins of this type were certified by the NGC: partially glossy, accurately toned in two nuances – caramel-gold and powder-blue.

Price Paid: $74,750

 

Lot 2274: 1804 Quarter, MS65 NGC
Price Paid: $310,500

 

Lot 2310: 1838-O Half Dollar, PR45 PCGS.
This is a rare numismatic item. Only about a dozen of these coins are known in all grades. Experts think that just 20 proofs were struck to commemorate the first operation of the New Orleans Mint in 1839, from one of the 2 die pairs obtained in New Orleans.

From The Yoder Family Collection, Part One.
Price Paid: $276,000

 

Lot 2313: 1861-O Seated Half Dollar SP64 NGC.
Price Paid: $97,750

 

Lot 2344: 1838 Gobrecht Dollar, Name Omitted, Judd-84 Restrike

Price Paid: $149,500

 

Lot 2375: 1839 Quarter No Drapery PR65 NGC
This is the only example of the Kaufman 1839 proof seated quarter and is the only one certified by NGC or PCGS.

From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three.
Price Paid: $517,500

 

Lot 2376: 1839 Half Dollar No Drapery PR62 NGC.
There were only 3 specimen of Kaufman 1839 No Drapery proof half dollar known, being attributed to F.C.C. Boyd and the World's Greatest Collection. It is the only late die state specimen, having a bisecting reverse crack which other two coins do not possess. Although the coin was not designated a Cameo on the NGC holder, its deeply mirrored fields outline the frosty devices.
From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three.
Price Paid: $138,000

 

Lot 2377: 1839 Half Dollar Drapery PR64 NGC
The rarity of this US coin is presented by the fact that it is the only specimen certified by either NGC or PCGS. It is the second coin dated 1839 acquired by Phil Kaufman from the collection of John Jay Pittman. This half dollar's early history is uncertain - it might be a one of a kind issue.

From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three.
Price Paid: $184,000

 

Lot 2380: 1842 Quarter Small Date PR64 NGC.
There are only 7 example of this Phil Kaufman 1842 Small Date proof quarter known. Two pieces can be found in the rooms of the American Numismatic Society and the Smithsonian Institution. Although there are a lot of Large Date quarters in circulation and Mint State grades, this Small Date variety is proof-only strike.
From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three.
Price Paid: $126,500

 

Lot 2392: 1849 Dollar PR67 NGC.
There are only seven coins of this type are known. The 1849 Dollar was Phil Kaufman's favorite, mainly because of its flawless fields and original toning. Only three of such coins were certified PR67 Seated dollars dated from 1840 to 1855. All of them were part of Kaufman's collection. From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three.
Price Paid: $230,000

 

Lot 2393: 1851 Dollar Restrike PR66 Cameo NGC.
This coin is the best out of 45 coins certified by NGC and PCGS. It is one among the 8 pieces designated Cameo. It is believed that all 1851 Restrike dollars were struck as proofs back in the late 1850s.

From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three.
Price Paid: $149,500

 

Lot 2405: 1798 Close Date, 4 Berries $2.50
It is worth mentioning that in the period between 1796 and 1807 less than 20,000 Draped and Capped Bust design quarter eagle coins were struck – all of them being rarities.

Price Paid: $218,500

 

Lot 2421: 1879 Flowing Hair Stella, PR65 NGC
Even today a lot of numismatics collectors consider the US $4 coin their favorite.

Price Paid: $201,250

 

Lot 2435: 1820 $5, Curl 2, Large Letters, MS65 PCGS

This US coin is considered to be the best business issue of the BD-7 variety. It is quite difficult to identify each of the nine varieties of 1820 $5 half eagles. This is especially confusing if taking into consideration 3 main types: Square Base 2, Large Letters; Curved Base 2, Large Letters; and Curved Base 2, Small Letters.

Price Paid: $253,000

 

Lot 2436: 1827 $5, MS64 NGC

Throughout the 1820s, gold coins had lesser face value than gold they contained. This means that very few pieces were issued and the majority was melted soon after. There was only one piece certified finer.

Price Paid: $126,500

 

Lot 2500: 1871-CC $20, MS64 NGC.
This coin is the finest 1871-CC Liberty double eagle known. It has been characterized by David Akers as the finest known example. He said that this 1871-CC Liberty double eagle is "truly a one-of-a-kind item."
Price Paid: $414,000

 

Lot 2506: 1868 $20, PR66 Cameo NGC.
This $20 coin dated 1868 is the finest example of certified Cameo Proof 1868 Type Two Twenty. It is considered to be a coin of greatest rarity.

Price Paid: $299,000

 

Lot 2526: 1932 $20, MS66 PCGS.
This rare $20, dated 1932, is one of the finest coins certified at either service.

Price Paid: $161,000

 

For additional information regarding the Heritage auctions, the entire price record realized at the auctions and photos of each coin, visit the official website of Heritage.

 

 

 


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