The Stack’s Bowers November 2024 Rarities Night Auction was a landmark event in numismatics, showcasing some of the most exceptional and rare U.S. coins.
Collectors and enthusiasts witnessed record-breaking sales, underscoring the enduring allure and value of these historical pieces.
1870-CC Liberty Head Double Eagle
A highlight of the auction was the 1870-CC Liberty Head Double Eagle, graded AU55 by PCGS and approved by CMQ.
This coin achieved a remarkable $1,440,000, setting a new record for its grade. Its significance lies in its status as one of the earliest gold coins minted in Carson City, Nevada, making it a coveted piece among collectors.
1850 Baldwin and Co. $10 “Horseman”
Another standout was the 1850 Baldwin and Co. $10 “Horseman,” graded MS63+ by PCGS and endorsed by CAC and CMQ.
This territorial gold coin fetched $1,260,000, more than tripling the previous record of $381,875. Its unique design and historical context from the California Gold Rush era contribute to its exceptional value.
Proof 1881-O Morgan Dollar
The auction also featured a Proof 1881-O Morgan Dollar from the Darrel O. Neidigh, Jr. Collection, graded Proof 64 by PCGS with CAC and CMQ endorsements.
This coin realized $660,000, setting a record for any Branch Mint Proof Morgan Dollar. Its rarity and pristine condition make it a centerpiece for any serious collection.
1889-CC Morgan Dollar
An 1889-CC Morgan Dollar, graded MS64 DMPL by PCGS and bearing CAC and CMQ stickers, achieved a record $264,000. The Deep Mirror Proof-Like (DMPL) designation indicates exceptional reflectivity, enhancing its desirability among collectors.
1849-C Open Wreath Gold Dollar
The “Delaware Collection” 1849-C Open Wreath Gold Dollar, graded EF45 by PCGS and approved by CMQ, realized $264,000.
This coin is renowned for its rarity, with only a few known specimens, making it a significant acquisition for collectors specializing in Charlotte Mint issues.
| Coin | Grade | Price Realized |
|---|---|---|
| 1870-CC Liberty Head Double Eagle | AU55 (PCGS) | $1,440,000 |
| 1850 Baldwin and Co. $10 “Horseman” | MS63+ (PCGS) | $1,260,000 |
| Proof 1881-O Morgan Dollar | Proof 64 (PCGS) | $660,000 |
| 1889-CC Morgan Dollar | MS64 DMPL (PCGS) | $264,000 |
| 1849-C Open Wreath Gold Dollar | EF45 (PCGS) | $264,000 |
The Stack’s Bowers November 2024 Rarities Night Auction not only highlighted the enduring value of rare U.S. coins but also set new benchmarks in the numismatic market.
These record-breaking sales reflect the deep appreciation and demand for historical coinage, underscoring the importance of preserving and collecting these tangible pieces of history.
FAQs
1. What factors contribute to the high value of these coins?
The value of these coins is influenced by their rarity, historical significance, condition (grade), and desirability among collectors. Coins with low mintage numbers, unique designs, or those from specific historical periods tend to command higher prices.
2. Why did the 1850 Baldwin and Co. $10 “Horseman” coin achieve such a high price?
Its high price is due to its rarity, historical context from the California Gold Rush era, and its unique design featuring a horseman. The coin’s exceptional condition (graded MS63+) further enhanced its value.
3. What does the DMPL designation mean for the 1889-CC Morgan Dollar?
DMPL stands for Deep Mirror Proof-Like, indicating that the coin has exceptionally reflective surfaces, similar to a proof coin. This quality makes it more desirable among collectors, contributing to its higher value.
4. How does the auction process impact the final prices of these coins?
Auctions bring together multiple interested buyers, creating competitive bidding environments. This competition can drive up the final sale prices, especially for rare and highly sought-after coins.
5. Are these record-breaking prices typical for rare coin auctions?
While high prices are common for rare coins, the records set in this auction are particularly notable. They reflect a strong market interest and the exceptional nature of the coins offered.
