Contact: Dave Gioia
February 18, 2000 Public Relations
1854 Type Two Gold Dollar Realizes $44,908 to Highlight Kingswood Coin Auctions' 12th Sale
Newport Beach, CA - An 1854 type two gold dollar in MS65 sold for $44,908 to highlight Collectors Universe (Nasdaq: CLCT) Kingswood Coin Auctions' 12th sale that was completed February 17, 2000. The 1,077-lot sale proved to be one of Kingswood's most successful ever, with a total prices realized of $1,209,348. Every coin in the sale was graded and authenticated by the Professional Coin Grading Service (PCGS).
"We were delighted with the results," said Kingswood Auctions operation manager Cassi East. "There were a record number of bidders, a record number of bids, and an extra crew of customer representatives had to be brought in to handle the extremely high volume of calls. The interest in Kingswood Coin Auctions sales continues to grow."
Other major highlights of the sale included an 1852 Liberty Seated dollar restrike in Proof 62 that sold for $21,275, an 1897 $2.5 Liberty in Proof 68 at $39,100, an 1885 $20 Liberty in MS63 at $39,100, and a 1931 $20 St. Gaudens in MS65 at $31,625.
The sale was filled with coins of rarity and top quality in all denominations. Colonials offered in Kingswood XII included a 1652 Pine Tree shilling in VF35 at $2,473, a 1792 Kentucky Token with the Lancaster Edge in MS64 Red at $1,507, and a 1794 Talbot, Allum & Lee cent in Proof 64RB at $2,300.
Large cents were led by an 1812 Classic Head in MS64 Brown that sold for $5,578. Indian cents included an 1863 in MS66 at $2,473 and an 1866 in Proof 65RB at $2,244. A 1909-S V.D.B. Lincoln cent in MS65 Red soared to $2,588, a 1913-S in MS65 Red realized $1,639, and a 1922 with "No D" in XF45 sold for $1,553. Other Lincoln cents of note were a 1969-S Doubled Die in AU55 that created a bidding frenzy before selling at $5,836, and a 1910 in Proof 65 Red at $2,014.
Two cent pieces were highlighted by an 1872 in Proof 66 Red at $2,300, and three cent silver pieces included an 1858 type two in MS64 at $1,639. An 1866 Rays Shield nickel in MS65 sold for $1,668, and a 1901 Liberty nickel in Proof 67 brought $1,323. Buffalo nickels created lots of interest, with the 1914/3 overdate in MS63 bid to $4,313, a 1937-D "3-Leg" in MS61 realizing $1,380, and a 1937 in Proof 67 selling for $1,150.
There were numerous dimes in the Kingswood spotlight, including an 1827 Capped Bust example in MS66 from the Eliasberg collection at $9,258, an 1837 "No Stars" in MS65 at $5,635, an 1877-S in MS66 at $1,610, and an 1879 in MS67 at $2,415. An 1892 Barber dime in Proof 65 brought $1,581, a 1901 in Proof 67 realized $3,853, and a 1916-D Mercury in VF30 sold for $1,754. Twenty cent pieces were active in the sale, with an 1875-CC in MS64 selling for $2,191, an 1876 in Proof 64 realizing $2,760, and a proof-only issue 1877 bringing $3,335 in Proof 64.
A 1796 quarter in Good-04 sold for $2,818 to begin the diverse offering of this denomination. An 1853 Arrows & Rays quarter in MS64 realized $3,853, an 1877 in MS67 brought $3,220, and an 1888 in MS66 was bid to $2,243. Barber quarters included a 1901-O in MS64 at $2,415 and an 1898 in Proof 66 that rocketed to $4,888.
Liberty Seated half dollars were headlined by an 1855-S with Arrows in AU50 that sold for $4,600. Barber half dollars included a 1910 in MS65 at $2,185 while the Walking Liberty series was highlighted by a 1921 in MS65 that attracted lots of bidding attention before selling for $8,740.
Liberty Seated dollars were led by the 1852 Restrike in Proof 62 that was mentioned above. In addition, an 1859-O in MS64 sold for $5,348 and an 1867 in Proof 64 realized $4,313. Trade dollars were highlighted by an 1878 in Proof 65 that was bid to $5,750.
Morgan dollars are a perennial Kingswood favorite and this sale was no exception. An 1878 7TF with the Round Breast (Reverse of 1879) in MS65 sold for $2,415, an 1879-CC in MS64 realized $4,750, an 1879-S (Reverse of 1878) in MS64 brought $1,725, and an 1880-S in MS67DMPL was bid to $2,760. Other Morgan highlights included an 1881-O in MS65 at $1,438, an 1883-CC in MS67 at $2,645, an 1883-S in MS64 at $3,450, an 1884-O in MS66DMPL at $2,070, an 1886-S in MS65 at $2,875, and an 1889-CC in XF45 at $1,811.
Even more Morgan dollars were noteworthy, such as the 1890 in MS65 at $2,818, an 1890-CC in MS65 at $4,428, an 1890-O in MS65 at $1,840, an 1892-S in AU58 at $7,303, an 1893-CC in MS64 at $6,325, and the key date 1893-S in AU50 at $9,890. An 1894-O in MS64 sold for $4,945, an 1898 in MS67 sparkled at $4,888, and a 1903-S in MS65 brought $5,578. Proof Morgans included an 1884 in Proof 66 at $5,808, an 1886 in Proof 66 at $6,095, and a 1901 in Proof 66 at $5,750.
Peace dollars were another active area in Kingswood XII, with a 1923 in MS67 at $2,875, a 1934-S in MS63 at $2,099, and a 1934-S in MS65 at $5,405. Gold dollars ascended to nearly unprecedented heights in the sale, with an 1852 in MS66 at $7,418, an 1853 in MS66 at $7,705, the 1854 type two mentioned above at $44,908, an 1866 in Proof 63 at $4,428, an 1868 in Proof 63 at $4,658, an 1887 in Proof 65 at $6,843, and an 1888 in Proof 64 at $4,439.
Gold quarter eagles ($2.5 gold) included an 1842-C in XF45 at $4,313, an 1892 in MS65 at $5,865, the magnificent 1897 in Proof 68 mentioned above at $39,100, and a 1904 in Proof 64 at $6,900. Indian quarter eagles were led by a 1910 in MS65 at $3,335, a 1911-D in MS64 at $10,925, a 1912 in MS65 at $3,853, and a 1925-D in MS66 at $4,083.
Three dollar gold pieces proved popular, as an 1856 in MS63 brought $5,923, an 1878 in MS65 sold for $8,537, and an 1889 in MS66 was bid to $13,110. Dahlonega gold was led by an 1838-D $5 Classic Head in AU58 that was bid to $13,513. An 1861-C half eagle, minted in the final year of the Charlotte Mint, sold for $5,520 in AU50. Other $5 pieces included an 1877 in AU53 at $3,393, an 1879-S in MS64 at $4,370, an 1890-CC in MS64 at $7,084, and a 1906 in MS66 at $4,120.
Ten dollar gold pieces were highlighted by the finest graded 1892 in MS66 at $13,685, a 1904 in Proof 64 at $14,950, and a 1930-S in MS64 at $12,190. A large selection of $20 Liberty gold coins included an 1861-O in XF40 at $2,875, an 1873-CC in AU53 at $6,095, an 1877-CC in AU55 at $4,428, the key date 1885 mentioned above in MS63 at $39,100, an 1893-CC in MS62 at $5,290, and an 1898 in MS64 at $8,913.
There were numerous highlights to the $20 St. Gaudens offering, including a 1907 High Relief in MS62 at $8,625, a 1908-D No Motto in MS65 at $7,705, a 1910-S in MS66 at $7,044, a 1911-S in MS66 at $5,923, a 1924 in MS67 at $7,015, and the key date 1931 mentioned above in MS65 at $31,625.
Commemorative gold included a 1915-S Panama-Pacific quarter eagle in MS66 at $4,543, while the commemorative silver highlights were an Antietam in MS67 at $1,495, an Hawaiian in MS64 at $2,933, a Hudson in MS66 at $1,955, a Lexington in MS66 at $1,380, and a New Rochelle in MS67 at $1,438.
Private gold issues were strong in Kingswood XII, with an 1851 Humbert $50 "slug" with the "880 THOUS" and the "50" reverse in XF45 bringing $12,995. Other pieces of note were an 1851 Humbert $50 in VF35 at $6,785, another example of the same grade and variety at $7,188, and a Wass, Molitor & Co. $50 "Round" in XF40 at $17,538.
Kingswood XII was rounded out with an offering of Mint errors, patterns, Hawaiian coinage (including an 1883 half dollar in MS65 at $6,038), and a small selection of World coins.
Kingswood Coin Auctions next sale is scheduled for June 14-15, 2000. The consignment deadline for this sale is April 7, 2000. Anyone interested in consigning coins to Kingswood XIII is urged to contact Sam Foose, Consignment Director, at 888-540-2646 x328 (e-mail firstname.lastname@example.org). For more information about Kingswood Coin Auctions, contact Cassie East at 949-567-1332 (e-mail email@example.com), or visit our Web site at www.collectors.com/kingswood.
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