Saint-Gaudens $20 brings $126,500 to lead Long Beach, CA U.S. coin event from Heritage Auctions

Gold carries the day in $8.5+ million auction; 1915-S Pan –Pac $50 brings $86,250

DALLAS, TX – Collectors put particular emphasis on acquiring high-grade Saint-Gaudens coinage in Heritage’s $8.596 million Long Beach Signature® U.S. Coin Auction, Feb. 5-6, at the Long Beach Convention Center. The auction saw a 94% sell-through rate by value and 97% sell-through rate by lot. All prices below include 15% Buyer’s Premium.

“I think steady and solid is the best way to categorize the results,” said Greg Rohan, President of Heritage Auctions. “Not spectacular, but about what we expected, with a little more on top. Certainly gold continued to be the chief consideration for high-end buyers.”

A 1921 Saint-Gaudens $20 MS62 NGC, the second rarest series issue in high grades, was the top lot of the auction, with collectors bidding the coin all the way up to $126,500. The coin is one of very few known and, as stated in the 2008 second edition of the David Akers Handbook of 20^th Century United States Gold Coins, 1921 Saint-Gaudens $20s “that grade MS-63 or finer are offered only once in a very long while.”

A Premium Gem 1907 $20 High Relief, Flat Rim MS66 PCGS, one of the most highly sought-after of the High Relief Saint-Gaudens varieties, was the second highest lot in the auction, challenging the six figure mark, but coming up just short, as it finished the auction at $97,750. This coin is remarkable for many reasons, not the least of which is that it purely represents the original designs of Augustus Saint-Gaudens, before his death in 1907, and the subsequent changes to his designs, made by longtime rival Samuel Barber, which appeared on future gold coinage.

Always a highly anticipated event when they turn up at auction, a 1915-S $50 Panama-Pacific 50 Dollar Octagonal MS63 PCGS, the last and greatest coin in an original four- piece commemorative set, lived up to the billing by bringing $86,250, amid spirited bidding, to round out the top trio of the Heritage Long Beach event.

A classic gold rarity, in the form of an 1885 $20 MS61 PCGS, CAC, one of only 751 pieces struck – ranking among the lowest production totals in the entire regular-issue series of U.S. gold coinage – realized $80,500, while a 1920-S $20 MS62 PCGS, CAC, among the most elusive in the Saint-Gaudens series, realized $80,500.

Further highlights include, but are not limited to:

1879-CC $5 MS62 PCGS. CAC: Realized: $69,000.

1860 $3 PR66 Cameo NGC: Realized: $66,125.

1908 $20 Motto PR66 NGC: Realized: $60,375.

1920-S $20 MS62 NGC: Realized: $54,625.

1895 $1 PR64 Cameo PCGS: Realized: $54,625.

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $600 million, and 500,000+ online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

Want to get the up-to-the-minute updates and breaking news stories about Heritage Auctions? Get them as they happen at: www.Twitter.com/HeritageAuction; Facebook: www.HA.com/Facebook.To view a compete archive of Heritage press releases go to: HA.com/PR. To link to this press release on your blog or Website: HA.com/PR-1977.