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Legend Rare Coin Auctions' First Solo Sale Excites with over $2.25 million, Gold and the Simpson Collections Bring Big Numbers

- July 24, 2014

$5 1908 Indian PCGS MS67
Lot 192 - $5 1908 Indian PCGS MS67

Las Vegas, NV – Legend Rare Coin Auctions wrapped up The Regency Auction VIII in Las Vegas last Thursday, their first since parting ways with Morphy Auctions.  Veteran auctioneer Brad Karloff joined the Legend Auctions team for the first time, calling 232 lots in just under two hours.  A packed house battled with enthusiastic phone and internet bidders, with buyers taking home nearly all of the Regency offering.

Julie Abrams, Legend Rare Coin Auctions President, "could not have been happier with the results of this auction, our most spectacular to date in terms of prestige and quality.  With the first auction under our new company, we have hit our stride of what I think is the perfect formula: small boutique auctions with the highest quality coins and personalized customer service at every level.  Both our buyers and consignors were very vocal about the quality of the presentation, our new auction platform, and most importantly, how pleased they were with the results."


Prices realized were $2,259,072.66 with Buyer's Premium, including a number of fantastic highlights:

10C 1837 No Stars PCGS PR64 Ex Simpson
Lot 64 - 10C 1837 No Stars PCGS PR64 Ex Simpson
  • Lot 64 - 10C 1837 NO STARS PCGS PR64 EX SIMPSON, $20,562.50
  • Lot 67 - 10C 1844 PCGS PR65 EX SIMPSON, $55, 812.50
  • Lot 80 - 10C 1860 PCGS PR68 CAMEO EX SIMPSON, $18,212.50
  • Lot 92 - 10C 1873 NO ARROWS CLOSED 3, $6,462.50
  • Lot 110 - 10C 1891 PCGS PR67+ CAMEO EX SIMPSON, $8,812.50
  • Lot 173 - 1856 H1C-$1 PROOF SET EX SIMPSON, $499,375.00
  • Lot 174 - 1857 H1C-$1 PROOF SET EX SIMPSON, $217,355.00
  • Lot 178 - G$1 1903 LOUISIANA PURCHASE MCKINLEY PCGS MS67, $7,050.00
  • Lot 186 - $3 1858, $5,875.00
  • Lot 192 - $5 1908 INDIAN PCGS MS67, $66,975.00
  • Lot 212 - 50C 1920 MAINE PCGS MS67+, $17,625.00
  • Lot 217 - 25C 1870 J-895 PCGS PR67 CAMEO, $9,400.00
 50C 1920 MAINE PCGS MS67+
Lot 212 - 50C 1920 MAINE PCGS MS67+

Legend Auctions partner Laura Sperber was "thrilled to see so many record prices set on the Simpson Proof Seated Dimes.  Watching the bidding war that drove the 1860 Seated Dime to a record $18,812.00 was exciting to say the least, and seeing the 1856 Proof Set sell for nearly $500,000.00 was a dream come true for me.  Overall, the prices realized exceeded my expectations and there is no question that the market for quality rare coins is alive and well."  In addition, Sperber said she was "humbled by the intense collector participation in the sale, with over 85% was sold direct to collectors."

10C 1844 PCGS PR65 Ex Simpson
Lot 67 - 10C 1844 PCGS PR65 Ex Simpson

"We were ecstatic with how the new platform performed throughout the entire Regency Auction VIII process," remarked Devin Healey, Director of Digital Marketing & Auction Operations.  "AuctionFlex and Bidopia have all but eliminated any of the issues some bidders experienced in previous sales.  Hundreds of new registrations and unique bidders combined for a really terrific sale.  We're looking forward to improving the user experience even further in subsequent sales."

All prices realized are posted on the Legend Rare Coin Auctions website: http://www.legendauctions.com/.

The next Legend Rare Coin Auctions sale, The Regency Auction IX, will return to The Bellagio in Las Vegas on Thursday, October 2nd at the PCGS Members Only Show.  Lot viewing will be available at the ANA World's Fair of Money, the Long Beach Coin & Collectibles Expo, and by appointment.

For information about Legend Rare Coin Auctions or consigning to future sales, e-mail Julie Abrams at [email protected], call 845-430-4378, or visit www.legendauctions.com.




Article provided by PCGS at www.pcgs.com

 
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