GreatCollections acquires three rare coins for $ 13.35 million
GreatCollections has acquired the finest 1913 Liberty Head Nickel with a PCGS MS-66 CAC rating along with high quality examples of the 1894-S Dime and 1804 Silver Dollar in a three-coin transaction for $ 13.35 million, which was completed on Thanksgiving. Each coin set an individual record price to entice the owner to sell and together represents a 23% premium over the current PCGS price guide value of $ 10.85 million.
With only five known examples, the 1913 Liberty Head Nickel is one of the most famous and sought-after rarities in American numismatics. Two are permanently housed in museum collections, including the Smithsonian, so only three are open to the public. Classified as PCGS MS-66 with CAC approval, it is the most independent, best-known device and was previously a centerpiece of the Eliasberg collection. It was last auctioned in 2018 for $ 4.56 million.
The 1894-S Proof Barber Dime is one of only nine known coins of the date and also comes from the Eliasberg Collection. In terms of numbers, it is the third best known, although its focus is far superior to its competitors. CAC founder John Albanese said, “Of the 1894-S-Dimes I’ve seen or edited over the years, the Eliasberg specimen is my favorite. While not the top-rated specimen of this famous rarity, it has the strongest and the most collector-friendly specimen.
The third coin from the “Big Three” trio is the James Dexter example of the 1804 silver dollar, once part of the Pogue collection. Described as the “King of Coins” in 1885, only fifteen 1804 silver dollars are known, and this ranks third best after the Proof 65 class awarded by PCGS. The Dexter 1804 dollar was supposed to be the first coin to break the million dollar mark, although it sold for a lower price than when it fetched $ 990,000 at auction in 1989.
The coins were owned by the well-known collector Bruce Morelan, a partner of Laura Sperber’s Legend Numismatics, who has acquired them individually over the past four years. Of the most famous US coin rarities, these are widely regarded as the top 3 and have been referred to as the “Big Three” and “Holy Trinity” for decades. Few collectors in the last century owned all three, including Louis Eliasberg, Col. EHR Green, Dr. Jerry Buss and Morelan.
Ian Russell, President of GreatCollections, said, “This record breaking deal was completed in less than 24 hours after a 10-minute chat with Laura the day before Thanksgiving. The coin market continues to build on last year’s momentum, “similar to other collectibles, and this transaction is further evidence of the depth and liquidity of seven-digit numismatic rarities.”
Laura Sperber, Founder of Legend Numismatics, said: “While I am sad to see the ‘Big Three’ leaving the Legend family, I know they are in good hands with Ian in 2005 when I bought it for 4.15 Bought million dollars – the second highest price ever paid for a coin at the time. “
This was the second 1804 Silver Dollar purchased by GreatCollections in 2021. The best known example, also from the Pogue Collection, fetched $ 7,680,000 at an ANA auction in August, with GreatCollections being the winner. It is the fifth highest price ever paid for a coin at auction.
This year was a record year for GreatCollections, with total sales expected to be $ 225 million in 2021.
GreatCollections is a certified coin and banknote auction house that handles transactions from start to finish. Since its inception in 2010, GreatCollections has successfully auctioned over 950,000 certified coins, making it one of the leading certified coin companies in the United States. Ian Russell, Owner / President of GreatCollections, is a member of the prestigious Professional Numismatists Guild and a member of the National Auctioneers Association. For more information about GreatCollections, visit www.greatcollections.com or call 800-442-6467.