- February 22, 2016
(Lincroft, NJ) – The Regency XVI Auction, the official sale of the PCGS Members Only Show, held at the Venetian Hotel in Las Vegas brought impressive results on the evening of February 18, proving once again that this boutique venue can draw bidders from all areas of American numismatics. We are proud to announce that we had a record number of both registered bidders and live on the website at the time of the sale. Collector participation dominated the auction.
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Starting with a world class selection of pattern coins, strong bidding was seen throughout, standouts include an excessively rare 1849 pattern $10 struck in copper at the Paris mint, realizing a total of $35,250 and a rare copper 1883 Hawaii pattern $1 from the Forsythe Collection realized $117,500 (all prices include the 17.5% buyer's premium). A glorious gem1912 PR66 RD cent realized a record $37,600.
Strong prices continued into the silver and gold issues, with a strong realization for the finest PCGS graded cameo proof 1866 dime, realizing $9,400 and a condition census 1868 quarter graded PCGS MS65+ which brought $12,925. Two Walking Liberty half dollars brought resounding results: a 1942S in PCGS MS66+ that brought $4,935 and a superb gem cameo proof 1942 which saw spirited bidding to $13,512.50. Finally, in the half dollars, a world record price for a JFK half dollar was realized when a superb PCGS MS68 1964-D brought $22,325. Morgan dollars showed some strength, especially when an essentially perfect PCGS MS68+ 1880-S Morgan dollar realized $22,912.50, and a superb 1898 in PCGS PR67+ DCAM found a new home for $39,950. A gem 1907 High Relief $20 in PCGS MS66 realized $67,562.50 and rounding out the sale, a gloriously toned Iowa half dollar in PCGS MS68+ sold for a stellar $7,931.25.
Reflecting on the results, Julie Abrams, president of Legend Rare Coin Auctions stated, "We are very pleased with the overall results of the sale. Despite widespread reports of weakness in the market, our auction shows that quality coins still bring great prices." Laura Sperber added to the sentiment, "It was great to see the record numbers of registered bidders who participated in the sale. That reflects well on our continued efforts to expand our reach, and this sale, which offered our largest number of lots seemed to attract many new bidders."
With the 16th Regency Auction in the books, Legend Rare Coin Auctions is looking forward to the Regency XVII Auction, which is being held on Thursday, May 19 in New Orleans. We will be accepting consignments for that sale until Monday, April 4.
For more information about consigning or to discuss your holdings, contact Julie Abrams at (845) 430-4378 ([email protected]) or Greg Cohen (732) 935-1168 ([email protected]).
Article provided by PCGS at www.pcgs.com