CoinWeek Staff Reports….
David Lawrence Rare Coins is a numismatic firm in Virginia Beach, Virginia, that has offered online coin auctions for many years. Every David Lawrence rare coin auction offers a wide range of U.S. and foreign coins, including classic issues and modern coinage. Included in each auction are copper, silver, and gold coins, providing buyers with plenty of options suitable for virtually any numismatic interest or budget.
One of the distinguishing features of their auctions is that David Lawrence Rare Coins doesn’t charge a buyer’s premium. This means you can save a significant amount of money compared to buying coins from other online auctions.
Auction #864 Wrap Up
Every David Lawrence rare coin auction features anywhere from 150 to 300 lots. To give you but a taste of what’s available, here are five of the many interesting coins that crossed the virtual auction block on July 12, 2015:
#1 – 1794 Flowing Hair Large Cent PCGS XF-45 (Head of 1794) – $5,750.00
Of the many different large cent varieties from 1794, this die variety is one of the more common types from that year. But make no mistake. That doesn’t mean that any 1794 large cent is common. Professional Coin Grading Service (PCGS) lists 44 known XF-45 1794 Flowing Hair large cents with the head of 1794, and the same population report reflects less than 1,000 specimens across all grades. Bear in mind that, given the number of collectors who would love to get their hands on a choice, problem-free early-date large cent, there aren’t nearly enough of these scarce coins to go around.
#2 – 1881 Indian Head Cent PCGS Proof-65 – $900.00
Many coin collectors, even series enthusiasts, don’t often think much about collecting proof Indian Head cents because like most 19th-century proofs, they’re rather obscure coins. They’re also more expensive than many of the circulated representatives of a given date. However, early proof coins have a lot to offer in terms of beauty and rarity. While several hundred of the original 3,575 proof Indian Head cents from 1881 still exist, most are found in the Proof-60 to 64 range, leaving Proof-65 specimens like this one relatively few and far between.
#3 – 1928-S Standing Liberty Quarter NGC MS-65 – $450.00
Hermon A. MacNeil’s Standing Liberty design is a classic beloved by countless numismatists. Perhaps the most beautiful of these coins are those that retain all of their original details and boast frosty white luster, such as this MS-65 specimen. Numismatic Guaranty Corporation (NGC) lists just 296 examples of the 1928-S Standing Liberty quarter in MS-65 without Full Head designation, like the coin offered here.
#4 – 1939 Walking Liberty Half Dollar NGC Proof-67 CAC Designated – $1,000.00
One of the most beautiful silver coins ever minted, the Walking Liberty half dollar is seen in its complete splendor with this eye-popping specimen. While 8,808 Walking Liberty half dollars were struck in the proof format for 1939, most have dull or spotted surfaces due to poor handling. According to NGC population records, there are 391 confirmed 1939 Walking Liberty half dollars in Proof-67.
#5 – 1984-W Olympic $10 Gold Eagle PCGS MS-69 – $625.00
The first U.S. gold coin minted since the end of the gold standard in 1933 was the 1984 Olympic $10 gold eagle commemorative coin. Available in both uncirculated and proof varieties, the 1984 $10 eagle was the first coin to feature the “W” mintmark indicating the mint at West Point in New York state. The 1984 Olympic $10 eagle was also struck at the Philadelphia, Denver, and San Francisco mints.
Auction #865 Preview
If you didn’t have a chance to buy any of the coins listed above from the previous David Lawrence rare coin auction, you may be interested in checking out the five pieces listed below, which close on July 19, 2015.
#1 – 1783 Washington Copper PCGS VF-20
George Washington was honored on a series of tokens and coins bearing dates that range from 1783 to 1795. This 1783 copper piece is relatively common as far as pre-Federal coinage is concerned, but it is symbolic of the patriotic fervor of a young United States busy establishing itself as an independent nation. This coin features Washington’s bust adorned with buttoned drapery. The coin’s solid surfaces and dark chocolate brown color would satisfy any early copper enthusiast.
#2 – 1904 Barber Dime PCGS Proof-63
The Barber dime is a great collectible for any numismatist who appreciates late 19th- and early 20th-century coin design. This specimen is especially nice, with steel blue surfaces, russet overtones, and sharp details. While 640 proof Barber dimes were minted in 1904, PCGS lists slightly fewer than 320 existing across the proof spectrum, with 68 pieces grading Proof-63.
#3 – 1805 Draped Bust Quarter PCGS Good-4
This nice, problem-free Draped Bust quarter exhibits original color and solid surfaces. All basic design elements are intact as well as most lettering, and the natural gray tones give this coin a pleasing overall appearance. There are 51 PCGS-reported 1805 Draped Bust quarters in a grade of Good-4, with a total of 633 listed for the date – a tiny fraction of the 121,394-strong original mintage.
#4 – 1880-S Morgan Dollar PCGS MS-68 CAC Designation
This MS-68 Morgan dollar features blast white surfaces, sharp details, and overall magnificent eye appeal, deftly helping it achieve a decal from the Certified Acceptance Corporation (CAC). MS-68 Morgan dollars aren’t necessarily rare, as PCGS reports more than 200 have made the grade for this date alone. However, they are scarce coins in general at the MS-68 grade threshold and are gorgeous coins to own. Interestingly, MS-66 marks the top grade for many dates in the Morgan dollar series, so coins like this MS-68 beauty are superb representatives of the type and definitely score well for registry set collectors.
#5 – 1865-S $20 Liberty Head Gold Double Eagle PCGS MS-62 Brother Jonathan Shipwreck Coin
Here’s a great coin for history buffs: a survivor of the Brother Jonathan shipwreck, during which the paddle steamer crashed on a rock near the coast of Crescent City, California. Of 244 passengers onboard at the time, just 19 survived. In 1996, divers exploring the shipwreck discovered gold coinage glimmering from the depths of the sunken carnage. Crews eventually brought up more than 1,200 coins, most of which were $20 double eagles.
The 1865-S double eagle offered for sale in this David Lawrence rare coin auction has great luster and eye appeal, despite having been submerged in the salty Pacific water for more than 130 years.
The plethora of interesting coins available in the David Lawrence Rare Coins auctions provides numismatists with many opportunities to acquire wonderful additions to their collections. Even if you aren’t looking to buy these particular coins, hopefully the great stories behind the treasures listed above inspire you to seek more of the coins you love. Happy collecting!