Rare Coin Investor

https://www.coinworld.com/news/us-coins/2017/11/greatcollections-selling-some-great-collections.html#

1865-S Coronet gold $2.50 quarter eagle realizes $36,001 in Oct. 29 sale.

An 1865-S Coronet gold $2.50 quarter eagle sold during an Oct. 29 GreatCollections online auction for more than double its value listed in published price guides.

Graded and encapsulated Mint State 63 by Professional Coin Grading Service and stickered with a green label by Certified Acceptance Corp. as being exceptional for the grade, the coin realized $36,001.14, which includes the 10 percent buyer’s fee. Twelve active bidders placed 49 bids.

Russell said the underbidder, who was outbid by $1,000.01, had anticipated winning with his $31,001 bid to start a box of 20 of coins “that have everything going for it — finest PCGS/CAC, super fresh (never appeared on the market before) and so forth.”

The coin was one of two PCGS submissions recorded in MS-63, with one submission higher at MS-64.

Coin World’s Coin Values lists a price of $13,000 in MS-62, but lists no value for the coin in MS-63. The PCGS Price Guide values the coin at $15,000 in MS-63.

“The coin was one of many highlights from a collection in California that is being sold by GreatCollections,” Russell said. “The coins were graded for the first time this year by PCGS. There are still amazing coins that have never seen the light of day coming onto the market, it’s what makes our job so enjoyable to see newly discovered coins like this and seeing the vast bidder interest”.

Another gold coin highlight from the Oct. 29 sale was an 1861-D Indian Head dollar graded Fine 12, the lowest grade for any gold dollar struck at the Dahlonega Mint in Georgia in 1861.

Coin Values lists a price of $13,500 in Fine 12. The coin realized $26,437.50.

A total of 12 bidders placed 44 bids combined for the gold coin.

Posted on November 9, 2017 at 10:29 am in Uncategorized   |  RSS feed |   Reply   |   Trackback URL