Rare U.S. coins expected to fetch up to $27 million at New York auction

NEW YORK, May 24 ( Reuters ) – Two fabled U.S. coins, one of them more than 200 years old, were expected to bring a sum american samoa high as $ 27 million when they hit the auction barricade on Tuesday in New York City, according to Sotheby ’ sulfur. An 1822 Capped Head Left Half Eagle, estimated to sell for $ 8 million to $ 12 million, and an 1804 Draped Bust Silver Dollar, are estimated to sell for $ 10 million to $ 15 million. They are highlights of the fourth coin auction series of the D. Brent Pogue Collection, which is working in collaboration with the auction house and Stack ’ south Bowers Galleries. The Pogue Collection, which in recent years has become the most valuable auction series in history, earning about $ 70 million in sales, was displayed ahead of the 7 p.m. ET auction at Sotheby ’ s headquarters in New York. The collection focuses on non-machine manufactured currency made from 1793 to the 1830s, said David Tripp, Sotheby ’ s cosmopolitan senior numismatic adviser.

“ All the coins in the Pogue collection were struck and produced in these early years when things were very handmade and so there are all sorts of peculiarities, ” Tripp told Reuters TV. The 1804 Silver Dollar, primitively owned by the Sultan of Muscat in 1835 and then by the Childs Family Collection for more than 50 years, was purchased by D. Brent Pogue in 1999 for $ 4 million. One of the five most valuable coins in the world, the flatware dollar features blue and gold tones and a portrait of America ’ s Lady Liberty staring heavenward, with stars bordering the mint ’ mho edges.

Read more: Possum Magic Coins

It is in such good discipline that it has been given a Proof-68 grade by the Professional Coin Grading Service. That is one of the highest standards on the PCGS grading scale. The Pogue Collection acquired the 1822 Half Eagle coin in 1982 from the Eliasberg Collection. Before that, the mint was inaccessible for decades.

Tuesday ’ sulfur auction marks the moment time in over a century that collectors have a find to compete for the rare amber-colored coin, which besides features Lady Liberty, this prison term donning a cape with “ LIBERTY ” printed on its english. The Pogue series at auction includes a total of 63 rare coins, including noteworthy Reeded Edge half dollars and Gobrecht silver dollars. “ They purchased not only the rarest but the finest examples known, ” Tripp said. “ Many of these, as you can see, they look like they were made yesterday, even though they ’ ve stood the test of time. ” ( Additional report by Roselle Chen ; Editing by Dan Grebler )

Leave a Reply

Your email address will not be published.