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Finest Known 1792 Silver Disme Brings $998,750 In $28 Million Csns Auctions

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CCFPress's Avatar
United States
1420 Posts
 Posted 05/07/2016  11:35 am Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
Heritage Auctions - The finest known 1792 Silver Disme AU50 PCGS Secure, Ex: Judd-Donald G. Partrick Collection, a rare second chance for collectors to acquire one of the most important and seminal early U.S. coinage issues, realized an impressive $998,750 final price to take the top spot in Heritage Auctions' $22.7+ million April 27-May 1, 2016 CSNS U.S. Coins SignatureŽ Auction held in conjunction with the annual Central States Numismatic Society Convention at the Renaissance Schaumburg Convention Center Hotel in Schaumburg, IL. This convention was also the host for Heritage's auctions of both US Currency and World Currency, which realized just over $4.3 million and $900,000 respectively, bringing the total amount sold at Central States to just short of $28 million.

Finest-Known-1792-Silver-Disme-Brings-$998,750-In-$28-Million-Csns-Auctions

"Important early U.S. coinage was the main draw in this auction," said Greg Rohan, President of Heritage Auctions, "and elite collectors stepped up to take advantage of offerings that may well not be seen again for another generation or two."

The finest known J-10 1792 Disme SP64 Brown PCGS Secure, Ex: Garrett-Simpson, proved itself as an incredible and desirable artifact of the first days of the United States, nabbing a final price realized of $705,000. The coin's significance as one of the first minted in the newly constructed Philadelphia Mint in the early 1790s, was enhanced by its close association with David Rittenhouse, the first Director of the U.S. Mint.

Rounding out the early U.S. trio atop the auction podium was an impressive 1776 Continental CURRENCY Dollar MS65 PCGS Secure, in pewter, which rose amidst spirited bidding to finish the evening with a $235,000 final price realized. The 1776 Continental dollar is one of the most enigmatic issues in the early federal coinage series, with researchers believing they were struck as a substitute for paper dollars in late 1776.

A stunning octagonal 1915-S Panama-Pacific Fifty Dollar MS65 PCGS Secure CAC, boasting fantastic luster and originality, enticed a collector to take it home with a $205,625 final price realized, while an 1844 Proof Quarter PR65 PCGS Secure CAC Gold Label, Ex: Pittman-Kaufman - the sole example available - realized $188,000, a solid price and a tribute to its rarity.
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Andrew99's Avatar
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1533 Posts
 Posted 05/07/2016  1:18 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I watched it go down. It was pretty anticlimactic. Pre-bidding had driven it up to $800K so thats where is started on the floor. It was some time before they got $825K and then the lot almost closed before someone else snuck in an $850K bid when it was almost closed. No other bids and $850K + 17.5% = $998,750. I brought my son to watch what I knew would be a million dollar coin go down and it was over with 2 bids. Oh well, maybe the 1804 dollar in Pogue IV will be more exciting.
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ArrowsAndRays's Avatar
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 Posted 05/07/2016  4:06 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
Wonderful piece of history.
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thq's Avatar
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 Posted 05/07/2016  4:21 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
My parents went to Schaumburg and all they got me was this lousy dime.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/07/2016 4:22 pm
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JSW's Avatar
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 Posted 06/08/2016  12:39 pm  Show Profile   Bookmark this reply Add JSW to your friends list Get a Link to this Reply
Looks like the real winner here was Heritage Auctions!
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 Posted 06/08/2016  5:25 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
Those who buy and sell and get paid commission for bringing buyers and sellers together are always the real winners in terms of cash profit. A collector who pays 1 million dollars for a coin is getting their own gratification from inside. Those who buy 1 million dollar coin as an investment might as well be buying widgets, stocks, houses, bonds, or an classic car. When you buy for investment the fun goes out the window as it should. Investing is work even though I like buying stock and coins. Coins for fun and stock for income at my age.
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