1795 $1 and Proof 1833 $5 Both Sell For Over $1 Million
Part IV of the D. Brent Pogue Collection, offered by Stack’s Bowers Galleries and Sotheby’s at Sotheby’s New York galleries, realized a total of US$16,749,038 for 61 lots, with an average lot value of more than $274,000 per coin. The Farouk-Pittman 1833 Proof half eagle led all coins sold at $1,351,250. A famed 1795 Draped Bust silver dollar, last sold in the 1980 Garrett Collection sale, also surpassed the million-dollar mark, realizing a total of $1,057,500.
Brian Kendrella, president, stated, “The room was electric with anticipation as the first lots crossed the block. By the time the last lot hammered, collectors around the globe were thrilled with the superb specimens that were now destined to be landmark pieces in their holdings.”
Statistician for the coin hobby P. Scott Rubin reported, “At $85,318,218.50 the Pogue Collection is now far and above any other collection ever sold at auction in total proceeds and there is still more to go! The 61 coins that sold brought over the high estimate value for those setting numerous records along the way. Eleven coins pedigreed to the D. Brent Pogue Collection Part IV will now be included in the Top 250 Auction records.”
“Our sale of the D. Brent Pogue Collection which is still in process has broken world records left and right. Nothing like it has ever happened before! Considering the rarity and the quality of the coins offered, it will never happen again. As I said before, those participating have had a rendezvous with destiny!” Remarked Q. David Bowers, founder.
A world record sum of $10,575,000 was bid from the phone for the finest known 1804 dollar, the highest price ever offered for any coin, but it did not surpass the consignor’s reserve price. The previous world record of $10,016,875 was bid in the Stack’s Bowers Galleries sale of January 2013 for the finest known 1794 dollar.
The only collectible specimen of the extremely rare 1822 half eagle, or $5 gold piece, received a phone bid of $7,285,000, a bid surpassed among gold coins by only the 1933 double eagle $20 gold piece that brought $7,590,000 in 2002. It was retained by the consignor after it did not meet their reserve price. Only two other examples exist, both in the Smithsonian Institution.
Eight additional coins sold for more than a half million dollars, led by the finer of two known 1825/4 half eagles, which sold for $940,000. Three other half eagles realized $822,500 each: the 1829 Small Planchet $5, the 1832 12 Stars $5, and the 1835 Proof $5. A superb 1795 Draped Bust dollar brought $763,750. The same sum, $763,750, purchased the 1829 Large Planchet half eagle. The first issue of the New Orleans Mint, the extremely rare 1838-O half dollar, brought $493,500. The finest known 1838-C half eagle, the first coin struck at the Charlotte Mint in North Carolina, realized $235,000 against a $60-90,000 estimate. The prices realized for the night totaled $16,749,038.
As the details for future sales become available they will be posted on our website along with the results of this sale. Please visit www.stacksbowers.com.