Record $22,825 for Modern Gold $25 Eagle at GreatCollectionsRecord $22,825 for Modern Gold $25 Eagle at GreatCollections
Ian Russell on Tue, Dec 31, 2013 10:09:51 AM
First Time Offered by GreatCollections Results in World Record Price
December 31, 2013, Irvine, Calif. – A perfect modern $25 American Gold Eagle graded Proof-70 DCAM by PCGS was sold at auction this week by GreatCollections, setting a new world record price for the half ounce modern proof coin series.
Over 42 bids were received for the unreserved auction, before it finally sold for $22,825 (inclusive of the GC 10% buyer’s fee). The U.S. buyer commented after winning the coin: "This is one of the toughest in the whole $5, $10, $25 and $50 series – I am glad to have won the coin."
"Although we have sold a lot of coins over the past few years, this was the first 1993-P $25 Half Ounce Gold Eagle, graded PCGS Proof-70 DCAM that we have offered in our auctions. We have a number of serious collectors who need this coin to complete their sets," said Ian Russell, President/founder of GreatCollections.
The 1993-P $25 issue is notorious for having quality issues. Only 32 examples have been graded a perfect 70 by PCGS, while over 3,200 have been graded in Proof-69 DCAM. The coin sold by GreatCollections had a special signed label by Edmund C. Moy, the 38th Director of the U.S. Mint.
Earlier in 2013, GreatCollections sold a 1995-W $1 Silver Eagle for a world record auction price of $86,654. Over 100 bids were received for this key date Proof-70 DCAM Silver Eagle graded by PCGS.View the Record-Setting 1993-P $25 Gold Eagle at GreatCollections