Anchored by Huge Numbers from the Coronet Collection, Legend Rare Coin Auctions’ Regency Auction XIV Brings Just Shy of $5 Million
- October 27, 2015
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Las Vegas – Legend Rare Coin Auctions wrapped up their fourteenth Regency Auction last week at The Bellagio in Las Vegas and the final numbers were impressive once again, especially for Morgan Dollars, which made up over half of the sale's 355 lot count. The Regency Auction XIV was anchored by Part II of The Coronet Collection, previously the #1 all-time MS Morgan Dollar collection on the PCGS Set Registry, and the Gulf Coast Collection, another high-profile collection of Morgans. Of the auction's nearly $5 million total, the 32 Coronet Collection coins accounted for 49%. A packed house and furious internet bidding drove up prices over the course of the two and a half hour sale.
Julie Abrams, Legend Rare Coin Auctions president, stated that this was "undoubtedly our finest auction to date. PCGS Registry Set trophy coins highlighted the stellar results and especially noteworthy were the 1919-D Walking Liberty Half Dollar, which brought just over $200,000.00, the 1894 Coronet Collection Morgan, which ended up at over $150,000.00, and of course the 1901 Morgan Dollar from the Coronet Collection, which was the most expensive coin we've auctioned to date at $587,500.00. Bidders flew in to Vegas from all over the country and created our strongest floor bidder attendance to date."
After all was said and done, the final total settled just shy of $5 million, reaching $4,926,775.10 with buyer's premium. Although it's difficult to choose just a few highlights, some of the more accomplished lots brought huge money:
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- Lot # 1 - $1 1894 PCGS MS66+ Ex Jack Lee 2/Coronet Collection, $152,750
- Lot # 14 - $1 1898-O PCGS MS68 DMPL Ex Jack Lee 1 & 2 / Coronet Collection $49,937.50
- Lot # 15 - $1 1898-S PCGS MS68 Ex Jack Lee 2/Coronet Collection, $117,500
- Lot # 23 - $1 1901 PCGS MS66 Ex Jack Lee/Coronet Collection, $587,500
- Lot # 24 - $1 1901-O PCGS MS68 Ex Jack Lee 2 / Coronet Collection, $55,812.50
- Lot # 28 - $1 1902-S PCGS MS67+ Coronet Collection, $99,875
- Lot # 122 - $1 1879-S PCGS MS68+, $20,562.50
- Lot # 178 - $1 1891-CC PCGS MS65 DMPL, $49,937.50
- Lot # 211 - 1C 1865 PCGS PR65+RD CAM, $25,850
- Lot # 241 - 10C 1800 PCGS MS63, $55,812.50
- Lot # 262 - 10C 1946 PCGS MS68 FB, $10,868.75
- Lot # 278 - 25C 1888 PCGS PR67, $7,050
- Lot # 299 - 50C 1859-S PCGS MS66, $19,975
- Lot # 305 - 50C 1919-D PCGS MS65, $205,625
- Lot # 315 - $50 1915-S Panama-Pacific Round PCGS MS65+, $205,625
- Lot # 338 - $20 1909/8 PCGS MS66, $85,187.50
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Legend Rare Coin Auctions founder and partner Laura Sperber believes that "the strength of this sale more than proved that collectors are hungry for quality and will pay for it when available. We knew the dollars would be strong, but they exceeded our expectations, setting many record prices. We're already looking forward to our December sale and already have quite a few superb coins consigned for all tastes and budgets."
All prices realized for The Regency Auction XIV are now available on the Legend Rare Coin Auctions website: http://www.legendauctions.com/.
The next Legend Rare Coin Auctions sale, The Regency Auction XV will be held at The Venetian Las Vegas on Thursday, December 17 in conjunction with the PCGS Members Only Show.
For information about Legend Rare Coin Auctions or consigning to the December Regency Auction XV, email Julie Abrams at [email protected], call 845-430-4378, or visit http://www.legendauctions.com/.
Article provided by PCGS at www.pcgs.com