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Legend Rare Coin Auctions Opens up an Exciting 2015 with $1.85m Regency Auction XI, as Both Toned and Proof Morgan Collections Bring Big Money

- February 25, 2015

Las Vegas, NV – Legend Rare Coin Auctions wrapped up its first of five scheduled auctions last week at The Venetian in Las Vegas.  As always the sale was held in conjunction with the PCGS Members Only Show.  The Regency Auction XI included 352 lots, which boasted several former Bear Collection coins, and three major collections: The Colley Collection of 3CS, The David Hall Collection of Toned Morgan Dollars, and The Lydia Collection of Proof Morgan Dollars.  Both of the Morgan Dollar collections saw intense bidding, specifically the David Hall Collection, as toned dollars brought huge numbers all around.

1872 3CS PCGS MS66+
Lot # 47 - 1872 3CS PCGS MS66+

Julie Abrams, President of Legend Rare Coin Auctions, "was thrilled with the sale.  Not only did we see a record number of new bidders, this sale also had one of the highest totals of unique bidders.  The auction room was standing room only and online bidding was fast and furious."

Abrams went on to say that "collectors stepped up throughout the process, from lot viewing to the final hammer.  We saw more collectors bidding in this sale than any prior auction, but it was both dealers and collectors alike that responded enthusiastically to the wildly toned David Hall Collection.  Toned Morgans, and the David Hall Collection in particular, were the stars of this sale."

David Hall, founder and CEO of PCGS was equally impressed, stating that "[Legend Rare Coin Auctions] did an amazing job with my beautiful dollars.  I am blown away by the results!"

The sell through rate was 89% and final prices realized were $1,848,539.52 including Buyer's Premium, with numerous highlights:

1879 $1 TRADE PCGS PR67+ CAM
Lot # 144 - 1879 $1 TRADE PCGS PR67+ CAM
  • Lot # 47 - 3CS 1872 PCGS MS66+, $27,025
  • Lot # 66 - 5C 1937-D 3 LEGGED PCGS MS65+, $35,250
  • Lot # 97 - 25C 1911 PCGS PR67 CAM, $8,518.75
  • Lot # 101 - 25C 1929-S PCGS MS67FH EX BEAR COLLECTION, $13,512.50
  • Lot # 117 - 50C 1897 PCGS PR67 DCAM EX BEAR COLLECTION, $14,100
  • Lot # 144 - T$1 1879 TRADE PCGS PR67+ CAM, $37,600
  • Lot # 147 - $1 1878-CC PCGS MS64+ EX HALL, $5,757.50
  • Lot # 153 - $1 1880-S PCGS MS65 EX HALL, $10,868.75
  • Lot # 175 - $1 1882-S PCGS MS65 EX HALL, $14,100
  • Lot # 188 - $1 1887 PCGS MS65+ EX HALL, $6,756.25
  • Lot # 274 - $1 1878 8TF PCGS PR66+ CAM, $58,750
  • Lot # 280 - $1 1893 PCGS PR67+ DCAM, $70,500
  • Lot # 317 - $20 1914 PCGS MS65, $24,675
  • Lot # 352 - 1C 1969/69-S DOUBLED DIE OBVERSE PCGS AU58BN, $30,550

"This sale's overwhelming success delighted us, but also caught us off guard!" said Laura Sperber, founder and partner of Legend Rare Coin Auctions.  "We had expected a strong sale and by the time the hammer fell we had established many record prices.  From the gem Half Cent Proofs that found new homes, to nearly all the toned Morgan Dollars.  Lot 153, the $1 1880-S PCGS MS65 brought $10,868.75 and the $1 1882-S PCGS MS65 brought a wild $14,100.00, while the 1879 Trade Dollar PCGS PR67+ brought $37,600.00 with over a dozen unique bidders.  We were also thrilled by the 1969/69-S Doubled Die Lincoln Cent which closed out the sale at $30,550.00!"

"We were also thrilled to see several hundred new bidders," Sperber added.  "Legend Auctions would like to thank all participants for helping us put on yet another terrific sale.  We promise to maintain our boutique concept and continue to produce auctions with only the highest quality, handpicked coins."

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

The next Legend Rare Coin Auctions sale, The Regency Auction XII featuring Part I of The Coronet Collection, the #1 MS Morgan Dollar Set on the PCGS Registry, will be held at The Bellagio Las Vegas on Thursday, June 25th at the PCGS Members Only Show.  The consignment deadline is May 4th.

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




Article provided by PCGS at www.pcgs.com

 
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