Stack’s Bowers Galleries and Sotheby’s, USA-New York City

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29-09-2015 – 01-01-1970

D. Brent Pogue Collection, Part II

Legendary Lord St. Oswald 1794 Dollar sold for nearly $5 Million

The second installment of the D. Brent Pogue Collection auction by Stack’s Bowers Galleries and Sotheby’s brought $26,120,838 in high bids Thursday night before a full auction gallery at Sotheby’s headquarters in Manhattan, surpassing the highest pre-sale estimate of $20.6425 million. Widely acclaimed as the most valuable group of coins ever assembled by a private collector, the D. Brent Pogue Collection includes over 600 of the finest early American coins in existence, nearly all struck in Philadelphia between 1792 and 1840. After just two of five planned auctions, the D. Brent Pogue Collection has already netted more than $50 million.

Lot 2041: 1794 Flowing Hair Silver Dollar. Bowers Borckardt-1, Bolender-1. Rarity-4. Mint State-66+ (PCGS). Price Realized: $4,993,750.00.

The 105 lots brought an average of nearly a quarter of a million dollars per lot ($248,769), carried by four coins that exceeded the $1 million barrier. Leading all lots was the famous “Lord St. Oswald” specimen of the 1794 dollar, graded MS-66+ (PCGS) and considered the finest circulation strike 1794 dollar in existence. Acquired by William Strickland in 1794-1795 and retained by his descendants until sold in London in 1964, it last sold in Stack’s 1985 sale of the Jimmy Hayes Collection for $242,000. Now, it realized $4,993,750, more than 20 times what it realized 30 years ago.

Lot 2092: 1795 Capped Bust Right Eagle. Bass Dannreuther-4. Rarity-5. 13 Leaves. Mint State-66+ (PCGS). Price Realized: $2,585,000.00.

Obtaining the second highest price was the finest known 1795 $10 in existence, graded MS-66+ (PCGS). Preserved in the Garrett Collection for nearly a century before it was sold by Johns Hopkins University in 1980, it more than doubled the high estimate of $1.2 million, receiving a final bid of $2,585,000 from a phone bidder. The Garrett-Pogue 1795 eagle is now the most valuable $10 coin ever sold at auction, the most valuable 18th century United States gold coin of any denomination, and the most valuable United States gold coin released for circulation.

Another 1795 eagle also passed the $1 million mark, realizing $1,057,500. The very rare 1795 9 Leaves eagle, graded MS-63+ (PCGS) and one of just 20 estimated survivors of the die variety, was estimated at $350,000 to $450,000. The finest example in private hands, the D. Brent Pogue coin opened at $280,000 and saw feverish bidding until the hammer fell beyond the $1 million threshold, receiving applause from the packed gallery.

Lot 2074: 1798 Capped Bust Right Half Eagle. Bass Dannreuther-1. Rarity-7. Small Eagle. About Uncirculated-55 (PCGS). Price Realized: $1,175,000.00.

Perhaps the biggest surprise of the evening was another rare gold coin variety, the finest known 1798 Small Eagle half eagle, graded AU-55 (PCGS). The King Farouk-D. Brent Pogue specimen, one of just six known, made headlines in 1912 when it sold in Henry Chapman’s George H. Earle, Jr. Collection sale for $3,000, a world record for any coin struck at the United States Mint. Estimated at $550,000 to $750,000, the coin opened at $650,000 and saw dramatically escalating bidding before setting a new world record for any 18th century half eagle at $1,175,000, more than double the previous record for a $5 coin of the 1790s.

Lot 2048: 1821 Capped Head Left Quarter Eagle. Bass Dannreuther-1. Rarity-5. Mint State-66+ (PCGS). Price Realized: $558,125.00.

The highest price among the quarter eagle denomination was $558,125, paid for the finest known 1821 quarter eagle. Pedigreed to the Parmelee and Eliasberg collections, the coin was graded MS-66+ (PCGS). The second finest known example of the famous 1817/4 overdate half dollar, graded PCGS VF-35, led all specimens of that denomination, realizing a total of $282,000.

All prices realized you may find here.

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