The final Regency Auction of 2017, the 24th held in conjunction with the December PCGS Members Only Show, saw exceptionally strong results in many areas. The top lot was a Condition Census 1795 half dollar from the Col. Green and Eric Newman Collections, graded PCGS MS62. When bidding ended, it took $141,000 USD for the new owner to add it to his collection (this and all prices reported are inclusive of the 17.5% buyers premium).
“The Regency Auction on Thursday evening,” stated Legend President Julie Abrams, “featured several great collections, including the current #2 PCGS Basic Design Type set—the Bubbabells Collection; a very cool offering of key gold and silver issues from the York Collection, and a Registry Set of Carson City Morgan dollars. From the time the sale was posted online, we knew there was a lot of serious interest in this sale, as a record number of people viewed our online catalog. On December 6, we had a special lot viewing session in New York City for our east coast customers, and with that and the viewers in Las Vegas, it was evident the auction would do very well.”
“One area of particular strength seen throughout the evening was 20th century coins that were at or close to the apex of the grading scale for their respective issues,” explains Greg Cohen, Senior Numismatist for the auction house. “From the outset with the Bubbabells type set, these issues brought strong prices, just take a look at this partial list of highlights:”
- Lot 4 1C 1908 PCGS PR67 RD. Realized $17,037.50
- Lot 34 50C 1939 PCGS MS68+ . Realized $17,625
- Lot 42 $1 1921 Peace. PCGS MS66 . Realized $12,337.50
- Lot 43 $1 1923 PCGS MS67 . Realized $11,162.50
- Lot 368 $20 1914-D PCGS MS66+ . Realized $45,825
- Lot 369 $20 $1914-S PCGS MS66+ . Realized $30,550
“Overall, we are very pleased with the results of the auction and we are seeing that the market may well be strengthening coming into 2018” noted Laura Sperber, founder and partner in Legend Auctions. “We did see very fierce bidding from many different participants. With the stock market at all time highs, the economy doing nicely, wages going up according to government reports, we are seeing lots of new names coming in and placing strong bids. If this trend holds, we think 2018 will be really good for the coin market.”
Additional highlights include:
- Lot 50 $5 1897-S PCGS MS67+ . Realized $41,125
- Lot 72 25C 1873-CC Arrows. PCGS AU55. Realized $79,312.50
- Lot 118 1C 1864 L on Ribbon. PCGS MS66 RB . Realized $7,637.50
- Lot 188 10C 1814 STATES OF. PCGS AU58. Realized $17,037.50
- Lot 281 $1 1889-CC PCGS MS63. Realized $49,937,50
- Lot 358 $20 1893-S PCGS MS64 . Realized $17,037.50
“The boutique style that our consignors’ coins are presented in lead directly to stronger prices,” Julie Abrams continued. “By limiting our sales to around 500 lots of hand selected coins, vetted for quality and value by our team of experts, our bidders do not have to search through thousands of sub-par coins, they know in a Legend Auctions, we have already vetted the coins for them. They know they will be happy with their purchase, and can feel comfortable ‘stretching’ to add that special coin to their collections.”
Legend Rare Coin Auctions’ 2018 auction schedule is on the firm’s website, www.legendauctions.com. The next Regency Auction, number 25, is now closed for consignments and will be held on January 25, 2018. The firm will have Regency Auctions in May, July, September, and November. A major announcement regarding our May 2018 Regency Auction will be coming shortly so stay tuned. If you have coins to consign, contact either Julie Abrams or Greg Cohen to discuss your coins.
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Legend Rare Coin Auctions (LRCA), founded in 2012 by Laura Sperber is a boutique auction firm that handles the finest in U.S. rare coins. Every coin offered is vetted by two world-class numismatists. As the official auctioneer of the PCGS Members Show, Regency Auctions are conducted four or five times a year and are limited to roughly 500 lots. A Premier Session Internet Only Auction is held monthly, featuring 150-200 hand selected lots. For more information, or to consign, contact Greg Cohen or Julie Abrams.
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