CoinWeek Staff Reports….
David Lawrence Rare Coins is a numismatic firm in Virginia Beach, Virginia, that has been holding weekly online auctions for many years. These online coin auctions offer a wide array of classic and modern United States coins, as well as a variety of foreign coins. Coin collectors who peruse these auctions can usually find something to suit their numismatic tastes and budget.
While there are many online coin auctions, one reason David Lawrence rare coin auctions stands out from many of the others is that David Lawrence does not charge buyer’s premiums – added expenses that other online auctions impose on you, the customer.
Here are a few highlights from the most recent David Lawrence rare coin sale, which closed on June 14, 2015:
#1 – 1922 No-D Lincoln Cent PCGS AU-50 CAC Designation – $3,200.00
Here’s the real McCoy – a 1922 no-D, strong reverse Lincoln wheat cent. As many Lincoln cent enthusiasts know, there are four different dies that produced weak-D or no-D pennies in 1922. Die Pairs #1, #3, and #4 are known for weak-D or no-D obverses, but Die Pair #2, featured on this coin, always produced the no-D obverse. Die Pair #2 is also notable for producing a very strong reverse, which is indicated by boldly struck wheat ears and lettering.
#2 – 1877-CC Seated Liberty Quarter PCGS XF-45 – $185.00
Nice looking, lightly circulated Carson City pieces like this 1877-CC Seated Liberty quarter–graded by the conservative Professional Coin Grading Service (PCGS), no less–are scarce and in demand, and values have really taken off in recent years. This 1877-CC Seated Liberty quarter is a prime example of this growing demand.
15 years ago, an 1877-CC quarter in the XF range could be bought for around $60; a mere $20 could buy a specimen grading Fine-12. Today, Fine specimens sell for $75, and similar price increases have been seen for other circulated Carson City coins.
#3 – 1949-D Washington Quarter PCGS MS-67 CAC Designation – $400.00
This 1949-D Washington quarter would make a suitable addition to any high-grade Washington quarter collection or type set. Many registry set builders would also find a high-end Washington quarter like this one appealing. According to current PCGS population estimates, there are 49 1949-D Washington quarters grading MS-67, with six at the MS-67+ threshold and two in MS-68.
#4 – 1925 Peace Dollar, PCGS MS-66+ CAC Designation – $1,090.00
A classic silver dollar series, Peace dollars enjoy a robust following of collectors and investors. That’s especially the case with high-end Peace dollars like this one, which attained not only a MS-66+ grade from PCGS, but also a sticker from the Certified Acceptance Corporation (CAC), meaning this coin has particularly desirable surfaces for its grade.
Interestingly, PCGS reports there are 127 MS-66+ 1925 Peace dollars, with 101 grading higher. So while this coin isn’t necessarily rare, it is nonetheless a stunning piece.
#5 – 1936 Norfolk 50 Cents, PCGS MS-66 CAC Designation – $375.00
Made during the peak year of classic commemorative coin production, this 1936 Norfolk half dollar celebrates the 200th anniversary of the Virginia city’s growth from township to royal borough in 1736. Only 16,936 Norfolk half dollars were distributed, but today’s relatively soft market for classic commemorative half dollars means uncirculated gem specimens such as this MS-66 Norfolk half (with CAC designation) can be bought for a fraction of its 1989 price of around $1,000.
If you didn’t get the chance to buy any of these coins during the previous David Lawrence rare coin auction, there are plenty of other interesting coins up for bid in this Sunday’s auction.
Here’s a peek at some of the more interesting lots:
Among the most popular of all U.S. colonial coins, the Fugio cent remains in strong demand today.
This early copper coin, which many numismatists technically count among federal coinage (as this piece was not minted for a specific colony), survives in relatively large numbers today – including hundreds in uncirculated condition found in the Bank of New York Hoard in 1856.
PCGS population estimates indicate 83 Fugio Cents are graded MS 64, with 11 grading higher.
There are a few interesting 20th-century U.S. coin varieties that rank among the most popular, including the 1922 No-D and 1955 doubled die Lincoln cents and this coin – the 1937-D 3-Legged Buffalo nickel.
Created as the result of heavy die polishing, the 1937-D 3-Legged Buffalo nickel is notable for the missing front foreleg on the American bison that graces the coin’s reverse.
While the 1937-D 3-Legged Buffalo nickel is considered a scarce coin, there is an ample supply available for those who can afford to buy a specimen; Numismatic Guaranty Corporation (NGC) population reports indicate 757 1937-D 3-Legged Buffalo nickels grade AU-55.
Many coin collectors know the story behind 1964 Kennedy half dollars. While the brand-new Kennedy halves were well-received by the public, Jackie Kennedy requested that the U.S. Mint soften some of the hairlines on the head of JFK’s bust. The U.S. Mint kindly obliged, and the design correction – which affected only proofs – was made on the dies.
However, by the time the proper die adjustments had been made, an estimated 80,000 proof specimens of the 1964 Kennedy half dollar featuring the “accented” hair had already been distributed. While 1964 Accented Hair Kennedy half dollars aren’t necessarily rare, they are in high demand by those who collect this popular series.
Early U.S. gold coins are scarce in today’s marketplace, and this uncirculated 1810 Capped Bust half eagle is no exception. Over one hundred thousand $5 gold half eagles were minted that year, though the vast majority of these coins have long since been lost to attrition (mainly melting). The Large 5 variety is slightly more common than the Small 5, yet with only 48 survivors in this grade according to NGC population estimates, there aren’t many to go around.
Whether or not you plan on buying these or any other coins this week, hopefully you’ve gained a little more knowledge about the wide variety of neat coins available to coin collectors. As the David Lawrence Rare Coins auctions show, there are always great coins with fascinating stories just waiting for their next numismatic home.