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American Coin Auction Makes $26 Million

Posted on October 2nd, 2015 by Goldman Buyer

A coin auction in New York held by Stack’s Bowers and Sotheby’s made a total of $26 million Wednesday.

 

The auction featured 105 coins dating from between 1792 to the 1830s, all federal coinage from the D. Brent Pogue Collection. It is the second of five auctions from this collection.

 

Highlights include the 1794 Flowing Hair Silver Dollar, also known as the Lord Saint Oswald specimen, which sold for nearly $5 million. It was minted by William Strickland, who was a member of the House of Lords and a British author. It was acquired in Philadelphia and remained in the possession of Strickland’s descendants until it was auctioned in 1964.

 

The 1795 Capped Bust Right Eagle (pictured), also called the Garrett Eagle, was another top seller. Considered the finest surviving United States gold coin struck in the 18th century, it was sold for $2.5 million, significantly higher than its pre-sale estimate of $750,000 to $1.2 million. It set a record for pre-Gold Rush U.S. gold coin sold at auction, and was the most valuable $10 gold piece in existence.

 

Baltimore banker T. Harrison Garrett owned the coin and passed it to his sons, who donated it to Johns Hopkins University in 1942.

 

The last three auctions from Pogue’s collection will occur next year. His collection, consisting of 650 early American coins,  in total is valued at $200 million, believed to be the most valuable rare coin collection in the world.

 

 

Courtesy of ABC News
Image courtesy of AP

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