The world of numismatics has witnessed several monumental auctions where exceptional coin collections have fetched staggering sums, captivating collectors and historians alike. These sales not only highlight the intrinsic value of rare coins but also underscore their historical significance. Here, we delve into four legendary coin collections that have made indelible marks in auction history.
1. The Eliasberg Collection: The Pinnacle of U.S. Numismatics
Louis E. Eliasberg Sr., an American financier, achieved the remarkable feat of assembling a complete collection of United States coins, encompassing every date, metal, denomination, and mint mark known to collectors of his time. His meticulous pursuit began in the 1920s and culminated in the late 1940s.
Auction Highlights:
- Total Realization: Approximately $44.9 million over three auctions (1982, 1996, 1997).
- Notable Sale: The 1913 Liberty Head Nickel, known as the “Eliasberg Specimen,” sold for $5 million in 2007.
The Eliasberg Collection remains unparalleled, setting a benchmark for completeness and quality in U.S. coin collecting.
2. The Pogue Family Collection: A Testament to Quality
Assembled by the Pogue family, this collection is celebrated for its exceptional quality and rarity of early American coins. The collection was auctioned between 2015 and 2017, drawing global attention.
Auction Highlights:
- Total Realization: Over $106 million across multiple auctions.
- Notable Sales:
- 1822 Half Eagle ($5 gold coin) sold for over $8 million.
- 1804 Draped Bust Silver Dollar fetched over $3.8 million.
The Pogue Collection set new standards in numismatics, emphasizing the importance of quality and historical significance.
3. The Cardinal Collection: Showcasing Early American Silver
Curated by collector Martin Logies, the Cardinal Collection focused on early American silver coinage, particularly silver dollars from the late 18th century. The collection was auctioned in 2013.
Auction Highlights:
- Total Realization: Approximately $8.5 million.
- Notable Sale: 1794 Flowing Hair Silver Dollar, considered one of the first silver dollars minted, sold for $4.5 million, setting a record for the highest price paid for a silver coin at that time.
The Cardinal Collection’s focus on early American silver coins provided invaluable insights into the nation’s numismatic history.
4. The Bob R. Simpson Collection: A Modern Marvel
Bob R. Simpson, co-founder of XTO Energy, amassed a collection renowned for its breadth and quality, featuring numerous U.S. pattern coins and ultimate rarities. The first part of his collection was auctioned in September 2020.
Auction Highlights:
- Total Realization (Part 1): Over $14.6 million.
- Notable Sale: 1795 Capped Bust Gold Eagle (9 Leaves) graded PCGS MS-63+ (CAC) sold for $1.74 million.
The Simpson Collection’s debut reaffirmed the enduring allure of rare U.S. coinage in the modern era.
Summary of Legendary Coin Collections and Their Auction Records
| Collection Name | Auction Years | Total Realization | Notable Coins and Prices |
|---|---|---|---|
| Eliasberg Collection | 1982, 1996, 1997 | $44.9 million | 1913 Liberty Head Nickel: $5 million |
| Pogue Family Collection | 2015-2017 | Over $106 million | 1822 Half Eagle: $8 million; 1804 Draped Bust Silver Dollar: $3.8 million |
| Cardinal Collection | 2013 | $8.5 million | 1794 Flowing Hair Silver Dollar: $4.5 million |
| Bob R. Simpson Collection | 2020 | $14.6 million (Part 1) | 1795 Capped Bust Gold Eagle (9 Leaves): $1.74 million |
These collections exemplify the zenith of coin collecting, each contributing uniquely to the rich tapestry of numismatic history.
FAQs
What makes a coin collection legendary?
A coin collection attains legendary status through its completeness, the rarity and quality of the coins, and the historical significance of the pieces included.
Why are certain coins sold for such high prices at auctions?
High auction prices result from factors like rarity, historical importance, condition, and demand among collectors. Unique or exceptionally preserved coins often command premium prices.
What is a “pattern coin”?
A pattern coin is a prototype or trial piece created to test a new design or concept. These coins are typically not intended for circulation and are often rare.
How can I determine the value of my coin collection?
Consulting with professional numismatists or reputable auction houses can provide accurate appraisals based on current market conditions, rarity, and coin condition.
What should I consider before participating in a coin auction?
Prospective bidders should research the coins of interest, understand their provenance and condition, set a budget, and be aware of the auction house’s terms and fees.
