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1894-S Barber Dime Sells For Record $1.9 Million

- July 27, 2007



This coin, graded Proof 66 by PCGS, enjoys one of the richest pedigrees in numismatics, dating to the Clapp Collection around the turn of the Century. A brief history of the coin is as follows:
  • J.M. Clapp

  • Acquired by Louis Eliasberg when he purchased Clapp's collection in 1942.

  • Acquired by James Stack at a Stack's Auction (no relation) in 1947.

  • Sold in January 1990 for $275,000 (Stack's) and later acquired by Jay Parrino of The Mint.

  • Acquired by B. Hirst, owner of the Richmond Collection in 1998 for $825,000 in private treaty transaction with David Lawrence Rare Coins.

  • Acquired by Dan Rosenthal, owner of the 'Just Having Fun' Collection in March 2005 Richmond Collection Auction for $1,322,500.

  • Acquired by an Anonymous Investor for $1,900,000 in private treaty transaction with David Lawrence Rare Coins, purchaser of coin from Daniel Rosenthal (owner) and his agent, Mitchell Spivack.


***********************


A detailed account of the pedigree of known 1894-S dimes can be found on the davidlawrence.com web site at: www.davidlawrence.com/coins/1894s-detail.cfm This coin is noted on the roster as Lawrence-3.
 

(Virginia Beach, VA) - The finest known 1894-S Barber dime, graded PCGS Proof 66 Branch Mint, has been sold for a record price of $1.9 million.

“The seller is Daniel Rosenthal, an Oakland business executive now living in Thailand, who bought the coin in our 2005 auction for a then-record price of over $1.3 million. He was represented in this latest transaction by Mitchell J. Spivack of Wonder Coins in San Clemente, California,” said John Feigenbaum, President of David Lawrence Rare Coins of Virginia Beach, Virginia who brokered the sale.

“The new owner wants to remain anonymous. He’s a New York City investment banker who is looking to diversify his portfolio out of paper assets,” explained Feigenbaum who personally transported the coin from an Oakland bank vault across country to the new owner.

This is the third time Feigenbaum has been involved in the sale of this dime with a pedigree that includes the legendary Clapp and Eliasberg collections.

"We're asking the public, collectors and dealers to carefully look at their money. You never know what will show up," said Guth.

“This is the one coin that most defines my numismatic legacy. My father, David Lawrence Feigenbaum, originally wrote a detailed pedigree on the 1894-S dimes in 1990. It was his life's ambition to own this specimen. It’s the finest of the nine known examples, and both PCGS and NGC have graded it Proof 66 on several occasions,” he said.

“Even at the current market level, I think this piece remains underrated, especially considering its peers in other collectibles. Being the finest example among a top-5 U.S. coin is truly special. Frankly, I think it’s right up there with the 1913 Liberty nickel and 1804 dollar in desirability.”

“It was a pleasure handling the original purchase and (now) sale of this great coin for Daniel Rosenthal, who goes by the online moniker ‘Justhavingfun,’” said Spivack.

“Daniel is the ‘collector’s collector.’ His passion for the study of numismatics is second to none, and the depth and quality of his U.S. and Philippine coin collections is simply remarkable -- nothing short of museum quality. I have no doubt that Mr. Rosenthal will ultimately be shown to be one of the greatest coin collectors of our time and it has been a wonderful experience working with him on building his spectacular coin collection”.



Article provided by PCGS at www.pcgs.com

 
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