What Happens in Vegas May Not Stay in Vegas
On June 27, Legend Rare Coin Auctions will be hosting its 33rd Regency Auction at The Cosmopolitan in Las Vegas, Nevada. While lots will be on display in the City…
On June 27, Legend Rare Coin Auctions will be hosting its 33rd Regency Auction at The Cosmopolitan in Las Vegas, Nevada. While lots will be on display in the City of Lights for this event, many of the featured lots will not stay in Las Vegas, making their new homes elsewhere.
As with previous Regency Auctions, bidders can expect to see a diverse offering of high-end lots sure to create a number of bidding battles among collectors.
Several rare lots stand out, including Lot 228, which is a 1942/1 Denver Mint dime. Legend Rare Coins records previous sales of a similar coin in September 2018, in which that specimen sold for $28,200. The estimate for this sale is $25,000-$28,000. Numismatic News’ Coin Market lists this coin at $26,500.
PCGS’ finest known 1876-CC Seated Liberty Half Dollar in MS66+ condition will also be offered. Designed by Christian Gobrecht, 1,956,000 were minted with PCGS seeing just 561 in Mint State. Of those just six have been listed at MS66 with just one receiving MS66+. This example displays a warm, pearly pewter-silver glow in the central obverse, ringed by honey-gold, coppery-amber and aqua-teal at the rims. It’s really a classic-looking coin. The auction estimate is $26,000-$30,000
A Proof Morgan dollar from 1880 could make a fabulous addition to any Proof type set as it has a very high end appearance. Well struck with nice contrast, it is among the top dozen graded in the Cameo designation. PCGS has graded two in PR67+ CAM and neither has sold at auction. A non-Cameo example sold in November 2018 for $18,213, therefore the estimate for this lot is $20,000-$25,000.
With just 250 minted of the 1899 $2.50 Gold piece, collectors will be hard pressed to find a better example than this PCGS PR66 DCAM CAC specimen. The auctioneer’s description notes that it is free of copper specks and the mirrors are deep and black.
The late 1890s were a time of innovation when it came to minting techniques, as displayed in the elegant Deep Cameo proofs, like this example. Based on PCGS population reports, only thirteen coins appear to be graded higher. The last time this coin was at auction, it realized $34,075. The estimate for this lot is $32,000-$35,000.
Even with a name like “Small Eagle” this coin is nothing small! The 1795 Half Eagle was the first gold coin ever struck by the U.S. government. With a low mintage of 8,707, it is estimated that perhaps only 500-600 examples survive due to gold hoarding and coin melting early in our country’s history. Very few of those surviving coins are in excellent condition. PCGS Population report shows 66, NGC with 43 and CAC 5. The specimen coming to the Regency 33 Auction is OCGS AU55 CAC and is estimated to close between $70,000-$80,000. That estimate is down from the specimen’s previous selling price of $82,250 in the 2017 FUN auction.
A big ticket item, expected to sell for $375,000-$400,000, is a 1921 Saint-Gaudens $20 gold coin. Graded PCGS MS64, when sold in 2010 at the Orlando FUN Auction, it sold for $322,000. It was listed then as being from the Ralph P. Muller Collection. With the Population reports showing PCGS 3, NGC1 and CAC1, the scarcity is what separates this coin from others. As a high-grade rarity, 1921 is second only to the 1933. Many estimate that only 45-60 circulated examples and 55 to 70 uncirculated exist today.
Regency Auctions are held exclusively at PCGS Members Only shows five times per year. These auctions feature boutique-style auctions with approximately 500 lots per auction. Auctions feature only the most sought-after coins with a minimum value of $5,000 per coin. To take part and bid during these auctions, you must be registered bidder with Legend Rare Coin Auctions. All auctions are open to internet bidding before and during the live sale. Registered Legend bidders are admitted to the live auction and the PCGS Members Only Show for lot viewing and pick up. A 17.5% buyer’s premium will be added to all successful bids. Bidding closes on Thursday, June 27, at 4:30 P.M. PT. See www.legendauctions.com for full details.
