Heritage January Long Beach Auction Surpasses $9 Million

Dallas, Texas: Heritage Numismatic Auctions presented 3558 lots in its January 29-31 Signature Sale; the 40th major auction Heritage has held as official auctioneer of the Long Beach Coin Expo. The sale was 91% sold by number of lots, and 90% sold by dollar volume, testament to the strength of the coin market and the power of the Internet. Thousands of bidders competed, most of them online, and 703 have won lots thus far. Prices realized already exceed $8.5 million, and sales will climb well past $9 million as bidders compete for Post-Auction Bargains and in Heritage’s Bullet auction session. The February Long Beach Bullet Sale was also available for bidder inspection during the Signature Sale. The Bullet Sale will take place tonight, February 2nd at Heritage’s award-winning website, www.HeritageCoin.com.

As part of the 2004 FUN Signature Sale, the spectacular North Shore Collection provided a nearly complete set of twenty dollar gold pieces. Only a few weeks later, in the Long Beach Signature Sale, Heritage auctioned a set of equal importance, The Magnificent Collection of Double Eagles.

“Four very rare Liberty Twenties reached six figures,” asserted Heritage President Greg Rohan. “An 1854-O was certified as AU50 by PCGS, and brought $161,000. An 1856-O, graded AU50 by NGC, realized $143,750. An 1870-CC, VF25 NGC, achieved an exceptional $100,050. A proof-only 1884, PR63 PCGS, sold for $103,500. The consignor told us his collection brought about 20% more than he had expected.”

“Roosevelt’s 1933 gold recall created formidable rarities within the Saint-Gaudens series,” Rohan continued. “Aside from the 1927-D and 1933, the Magnificent Collection held Uncirculated examples of these ultra-rare issues, and bidders seized the opportunity. A 1921, MS62 NGC, sold for $81,075. A 1930-S, encapsulated by PCGS as MS63, reached $65,550. A Gem 1931-D, MS65 NGC, was hammered down for $59,800, and a 1932 certified as MS65 by PCGS brought $75,900.”

Highlights of the Magnificent Collection of Double Eagles:

• Lot 7239, 1854-O Double Eagle, AU50 PCGS, realized $161,000
• Lot 7242, 1855-O Double Eagle, AU53 NGC, realized $25,300
• Lot 7247, 1856-O Double Eagle, AU50 NGC, realized $143,750
• Lot 7266, 1859-O Double Eagle, AU53 PCGS, realized $24,150
• Lot 7284, 1861-O Double Eagle, AU55 PCGS, realized $37,375
• Lot 7287, 1861-S Paquet Reverse Double Eagle, AU50 NGC, realized $41,400
• Lot 7330, 1870-CC Double Eagle, VF25 NGC, realized $100,050
• Lot 7402, 1879-O Double Eagle, AU55 PCGS, realized $31,050
• Lot 7410, 1881 Double Eagle, AU53 PCGS, realized $24,150
• Lot 7437, 1886 Double Eagle, AU55 PCGS, realized $24,150
• Lot 7589, 1882 Double Eagle, PR64 PCGS, realized $60,375
• Lot 7590, 1884 Double Eagle, PR63 PCGS, realized $103,500
• Lot 7591, 1887 Double Eagle, PR63 PCGS, realized $46,000
• Lot 7598, 1907 High Relief, Wire Rim $20, MS65 PCGS, realized $29,900
• Lot 7634, 1908-S Double Eagle, MS65 NGC, realized $33,350
• Lot 7636, 1909 Double Eagle, MS65 PCGS, realized $41,400
• Lot 7639, 1909/8 Double Eagle, MS65 NGC, realized $24,725
• Lot 7641, 1909-D Double Eagle, MS65 PCGS, realized $27,600
• Lot 7687, 1913-S Double Eagle, MS65 PCGS, realized $31,050
• Lot 7715, 1920-S Double Eagle, MS61 NGC, realized $24,150
• Lot 7716, 1921 Double Eagle, MS62 NGC, realized $81,075
• Lot 7722, 1922-S Double Eagle, MS65 PCGS, realized $26,450
• Lot 7759, 1925-S Double Eagle, MS64 NGC, realized $36,800
• Lot 7764, 1926-D Double Eagle, MS64 PCGS, realized $36,800
• Lot 7766, 1926-S Double Eagle, MS65 NGC, realized $24,150
• Lot 7786, 1927-S Double Eagle, MS62 PCGS, realized $33,350
• Lot 7791, 1929 Double Eagle, MS65 NGC, realized $32,200
• Lot 7792, 1930-S Double Eagle, MS63 PCGS, realized $65,550
• Lot 7793, 1931 Double Eagle, MS65 PCGS, realized $54,050
• Lot 7795, 1931-D Double Eagle, MS65 NGC, realized $59,800
• Lot 7796, 1932 Double Eagle MS65 PCGS, realized $75,900

Part II of the fabulous North Shore Collection featured gold coins from the Dahlonega Mint. The Half Eagles were complete by date, and other denominations struck by the southern branch mint were represented with key dates.

“The 1854-D Large D Half Eagle, certified as MS65 by NGC, ranks among the finest known Dahlonega Fives and sold for $52,900” stated Heritage Co-Chairman Steve Ivy. “An 1854-D Three Dollar Princess, AU58 NGC, brought $39,100. An 1861-D Half Eagle, possibly struck by the Confederacy, was graded MS61 by PCGS and achieved $43,700.”

Highlights of the North Shore Collection of Dahlonega Gold:

• Lot 9002, 1861-D Gold Dollar, MS63 PCGS, realized $43,125
• Lot 9007, 1854-D Three Dollar, AU58 NGC, realized $39,100
• Lot 9009, 1838-D Half Eagle, MS63 NGC, realized $28,750
• Lot 9019, 1846-D/D Half Eagle, MS64 NGC, realized $24,150
• Lot 9031, 1854-D Large D Half Eagle, MS65 NGC, realized $52,900
• Lot 9041, 1861-D Half Eagle, MS61 PCGS, realized $43,700

Other featured consignments for the January Long Beach Signature Sale included The Charles Buck Collection, the Dylan Elijah Collection of Morgan Dollars, The New Millennium Collection, Part 3, The Phillip Wertheimer Collection, and The Dr. Robert Wharton Collection.

One consignor who had previously shopped the coins to a number of dealers, having been offered up to $50,000 prior to consigning them, watched in amazement as the coins hammered down for over $171,000 plus the 15% Buyer’s Premium!

Key dates in all series continued their recent stellar performance. An 1867 Shield Nickel with Rays, PR66 Cameo NGC, brought an astounding $132,250. A PCGS-graded 1927-S Quarter, MS64 Full Head, realized $58,650. A 1794 Dollar with an ANACS net grade of Good 6 nonetheless achieved $37,950. An 1893-O Morgan Dollar, MS64 PCGS, sold for $34,500.

Additional highlights of the January Long Beach Signature Sale:

• Lot 5013, 1776 Continental Dollar, CURRENCY, Pewter, AU58 PCGS, realized $24,150
• Lot 5373, 1867 Shield Nickel, with Rays, PR66 Cameo NGC, realized $132,250
• Lot 5825, 1927-S Quarter, MS64 Full Head PCGS, realized $58,650
• Lot 6206, 1794 Dollar, Net Good 6 ANACS, realized $37,950
• Lot 6728, Panama Pacific $50 Round, MS62 NGC, realized $36,800
• Lot 6729, Panama Pacific $50 Octagonal, MS62 PCGS, realized $36,800
• Lot 6730, Panama Pacific $50 Octagonal, MS63 NGC, realized $42,550
• Lot 6771, 1861-D Gold Dollar, MS61 PCGS, realized $26,450
• Lot 6870, 1911-D Quarter Dollar, MS64 NGC, realized $24,150
• Lot 6975, 1843-O Half Eagle, Large Letters, MS64 NGC, realized $26,450
• Lot 7177, 1907 Indian Eagle, Wire Rim, MS64 PCGS, realized $34,500
• Lot 7178, 1907 Indian Eagle, Wire Rim, MS66 NGC, realized $50,600
• Lot 7203, 1915 Indian Eagle, MS67 PCGS, realized $33,350
• Lot 7592, 1890 Double Eagle, PR64 Deep Cameo PCGS, realized $46,000
• Lot 7794, 1931 Double Eagle, MS65 PCGS, realized $50,600
• Lot 7799, 1851 Reeded Edge Humbert $50, 880 Thous. AU50 PCGS, realized $24,150
• Lot 8127, 1893-O Dollar MS64 PCGS, realized $34,500

Images, descriptions, and prices realized are available in the Permanent Auction Archives at the Heritage website, www.HeritageCoin.com.