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Quintuple Stella realizes $1,880,000 Leads a Successful Regency Auction XVII in New Orleans

- May 23, 2016

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(Lincroft, NJ)-The exceptionally rare 1879 $20 pattern, known as a "Quintuple Stella", struck in gold, and second finest certified realized a record $1,880,000.  The Brand-Carter-Trompeter-Simpson Duplicate example was sold to Greg Rohan of Heritage who "purchased the coin on behalf of a private collector who wishes to remain anonymous."  All prices include the 17.5% buyer's premium.

"Overall, the Regency Auction XVII exceeded my expectation.  We set more record prices than we thought possible given the current market conditions," Laura Sperber declared after the sale.  "The sale of the Quintuple Stella at $1,880,000 proves that the big money will come out for the special coins."

Sperber continued, "For this sale, we had several hundred new registrants, many of whom were winning bidders.  The activity on the internet, prior to, and during the sale were at record levels for LRCA, both people watching and bidding.  We are very pleased to see the market is clearly alive and well, and continuing to recover from the 'perfect storm' that hit the market earlier this year."

Among the many highlights:

Lot 5, 1C 1812 Large Date. PCGS MS64 BN CAC realized $32,900.

Lot 27, 1C 1909 VDB PCGS Matte PR66 BN saw spirited bidding to $41,125.

Lot 42, 3SC 1860 PCGS PR65+ CAMEO ex Legend Collection brought a record $9,987.50.

Lot 55, 5C 1912-S PCGS MS66 CAC brought a healthy realization of $14,687.50.

Lot 66, 5C 1937-D 3-Legged PCGS MS66 sold for a robust $55,812.50

Lot 74, H10C 1834 PCGS MS68 CAC, one of the finest Capped Bust half dimes in sold for $45,825.

Lot 151, 25C 1859-O PCGS MS65 CAC realized $23,500.

Lot 170, 25C 1898 PCGS PR68 DCAM CAC, a monster, brought $22,325.

An impressive array of bust half dollars, consigned by a number of specialist collectors showed a very strong market for these perennially popular coins.

Lot 190, 50C 1808/7 PCGS MS62 CAC, ex Friend Collection brought $13,512.50 against a $5,000 estimate.

Lot 201, 50C 1820/19 PCGS MS64 CAC ex Link Collection brought a strong $18,212.50.

Lot 212, 50C 1830 PCGS AU58+ CAC with spectacular toning, brought a record $4,230 (there were 26 bids on this coin before the hammer fell).

Lot 260, 50C 1923-S in PCGS MS66 CAC easily surpassed estimates when it realized $36,425.

Lot 273, 50C 1958-D PCGS MS67+ FBL brought $5,875, over three times the original estimate of $1,800.

Color dollars, one of our specialties were well represented in the sale.

Lot 322, $1 1884-O PCGS MS66+ CAC with magnificent toning brought $4,347.50

Lot 356, $1 1923 PCGS MS66 CAC with stunning toning brought a stunning final price of $10,281.25 as multiple bidders online duked it out.

Lot 365, $1 1883 Hawaii PCGS MS65 CAC realized $25,850.

Lot 376, $1 1876 J-1460 PCGS PR65 BN sold for $36,425.

Gold highlights include:

Lot 395, $2.50 1900 PCGS PR68+ DCAM CAC, a fantastic ultra-gem, realized $58,750, a price indicative of the amazing quality of the coin.

Lot 400, $3 1873 Close 3 PCGS MS62, brought $31,725.

Lot 416 $5 1909-O PCGS MS61 CAC, sold for a final realization of $41,125.

Julie Abrams stated, "Coins from the New Orleans mint were featured, and many of the prices realized showed that the market is recovering from the lows seen in the first couple of months of 2016.  Collectors are still buying great coins, and based on the number of new bidders that registered with us for this sale, we are confident that the market will continue to improve over the coming months.  Our boutique style and intimate venue show that you don't need to be the biggest to get the best prices.  High end or PQ coins appears to be the hottest area in the market, and since that is Legend Rare Coin Auctions' specialty, the 17th Regency Auction, held in conjunction with the PCGS Members Only Show, brought premium bidding from attendees in the room, phone, and online."

Legend Rare Coin Auctions will be returning to Las Vegas in September for the 18th Regency Auction, consignments are now being sought.  If you have a single rarity or a major collection, contact Greg Cohen, Senior Numismatist, to discuss your holdings.  Also, look for a major announcement in the upcoming week regarding future auctions.




Article provided by PCGS at www.pcgs.com

 
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