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HomeAuctionsLegend-Morphy’s April 11 Vegas Regency Auction III smashes expectations

Legend-Morphy’s April 11 Vegas Regency Auction III smashes expectations

Headliners: Marshall CC Morgan Dollar Collection, Gerry Forsythe Mercury Dime Duplicate Collection

LAS VEGAS – Legend-Morphy Auctions does it again with The Regency Auction III, exceeding expectations, smashing estimates, and creating several record prices. Held at the Bellagio during the PCGS Members Only Show, aggressive online pre-bidding culminated with two and a half hours of energetic floor, phone, and online bidding during the live auction. “The auction was loaded with outstanding coins consigned by clients who had bought them from Legend years ago. Bidders recognized the opportunity to buy fresh coins and bid enthusiastically,” said Legend-Morphy President, Julie Abrams.

lm3_thumb“We knew as soon as the sale was posted to the internet it was going to be strong” stated Legend-Morphy partner Laura Sperber. Sperber’s estimation was spot on and registrations for the sale came in at a record breaking pace. During the opening day of the sale, Legend-Morphy saw 1,748 unique visitors to their website.”Bidding activity didn’t slow until the auctioneer’s final hammer fell,” Sperber went on to say.

“Over 85% of the sale went directly to collectors. They know they can trust the quality and descriptions in our sale,” commented Legend-Morphy partner Dan Morphy. During the 315-lot sale, over 100 collectors participated via LM Live, with 217 unique bidders overall. “Not bad for a boutique firm that was little more than an idea a year ago,” Morphy added.

Total prices realized were $1,984,842.5, with highlights including numerous records:

• Lot 3 – 1C 1857 SMALL DATE PCGS PR66 BN CAC, $24,150.00
• Lot 20 – 5C 1867 RAYS PCGS PR64+ CAC, $54,625.00
• Lot 53 – 10C 1931-S PCGS MS67 FB CAC, $43,125.00
• Lot 130 – 50C 1893 PCGS PR67+ DCAMEO, $17,250.00
• Lot 154 – $1 1878-CC PCGS MS67 JACK LEE 2, $57,500.00
Lot 156 – $1 1879-CC PCGS MS66 JACK LEE 1/JACK LEE 2, $161,000.00
• Lot 171 – $1 1890-CC PCGS MS65+ CAC, $14,950.00
• Lot 177 – $1 1799 PCGS AU58 CAC, $25,300.00
• Lot 230 – $1 1934-S PCGS MS66 CAC, $29,900.00
• Lot 283 – $1 1900 LAFAYETTE PCGS MS66 CAC, $21,850.00

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According to Abrams, “the Marshall CC Collection and the Forsythe Mercury Dime Duplicate Collections were without question the highlights of the sale. The Mercury Dimes performed exceptionally well and though we expected the Marshall CC Collection to have a strong showing, we were shocked at how many price estimates it smashed.” The 1879-CC Morgan Dollar PCGS MS66 Jack Lee 1 / Jack Lee 2, which had been sold by Legend into the Marshall CC Collection for $90,000 in 2007, was anticipated to bring “moon money,” and it didn’t disappoint. The CC Morgan brought an impressive $161,000. Another favorite was the 1867 Shield Nickel w/ Rays PCGS PR64+ CAC, which had an early estimate of $37,500. The rainbow-toned nickel brought $54,625, bringing well above estimates. All prices realized are posted on the Legend-Morphy website: http://www.legendmorphy.com.

The next Legend-Morphy sale, The Regency Auction IV will be held Thursday, July 18 at the PCGS Members Only Show at the Bellagio in Las Vegas. They are now accepting consignments.

For information about consigning to Legend-Morphy’s July Regency Auction IV, call Julie Abrams at 717-335-3435, e-mail [email protected], or visit them online at http://www.legendmorphy.com.

Legend Rare Coin Auctions
Legend Rare Coin Auctions
Founded in 2012 by Laura Sperber, Owner and President of Legend Numismatics, Legend Rare Coin Auctions (LRCA) was a boutique numismatic auction company specializing in the finest and rarest U.S. coins. LRCA’s staff of numismatic auction industry veterans included Julie Abrams, President; Greg Cohen, Senior Numismatist; and Jessica Berkman, Consignment Coordinator. The firm’s Regency Auctions served as the official auction for the PCGS Members’ Shows, held six times per year. LRCA sold many important collections for world-record prices, including the Coronet Collection of Morgan Dollars (#1 all-time PCGS set); the David Hall—Bob Simpson Collection of Liberty Head Eagles; the Sunnywood-Simpson Collection of Morgan Dollars; the Phil Flannagan Collection of Territorial Gold, Toned Dollars and 1795 coins; duplicates from the Gerald Forsythe Collections of Buffalo Nickels and Mercury Dimes; the Bob Simpson Collection of Standard Silver Patterns; the Northern Lights Collection of Monster Toned Morgan Dollars; the Crow River Collections of Indian Head $10s and Peace Dollars; the P.F.M Collection (former #6 PCGS Set of Morgan Dollars with varieties); the Oak Crest Collection of Carson City $5 gold; and the Konstantine Collection of Capped Bust Half Dollars, the #1 PCGS Set of Red Book varieties, 1807-1836. The firm recorded the second-highest APR in 2016 with the sale of Bob Simpson’s duplicate 1879 $20 “Quintuple Stella”, which realized $1,880,000.

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