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GreatCollections Sells Record $1.28 Million in 4 Hours
Paterson Collection with 100% sell-through; 1796 No Stars $2.5 Realizes $112,200
February 10, 2014, Irvine, Calif. – GreatCollections set a new company record yesterday with total sales of $1,283,901. The Paterson Collection of U.S. Type coins represented $665,599 of the total, which attracted record bidding and exceeded our pre-auction estimates.
"The coin market is strong, as evidenced by the spirited bidding and final prices realized. The star of the auction was the No Stars 1796 Quarter Eagle, which received 83 bids and finally sold for $112,200" said Ian Russell, President/founder of GreatCollections.
Only 963 coins were minted of the rare No Stars 1796 Quarter Eagle and of that, only about 100 are estimated to exist today. The last example in the same grade sold at public auction for $77,625 in 2009.
Another highlight was the 1799 Capped Bust Gold Eagle, graded PCGS AU-53 with CAC approval. 62 bids were placed with the final price being $25,025, exceeding the PCGS Price Guide value by over 10%.
Russell continued: "A personal favorite from the collection was the 1836 Gobrecht Dollar, graded PCGS MS-62+. While not the highest grade of this issue, the coin was attractive and sold for $32,450."
Dr. Spencer Paterson has had an interest in coins his whole life and has put together a number of collections in different areas of numismatics. This type set was mostly acquired over the past decade.
"As the major consignor to this record-setting auction, Dr. Paterson was attracted by our personal service and extensive marketing plan. He opted for our company because we can focus on coins worth $5,000, $10,000 or $25,000, where at some auction houses they would be lost in a phonebook-sized catalog."
To view the full prices realized and images of the Paterson Collection, please visit www.greatcollections.com or telephone 1-800-44-COINS.
Highlights from the Dr. Spencer Paterson Collection
$26,950 - 1793 Liberty Cap Half Cent Bent Cap, Bunch Leaves PCGS XF-45 BN
$14,316 - 1793 Chain Cent AMERICA PCGS VG-08 BN
$12,376 - 1793 Wreath Cent Vine and Bars PCGS VF-30 BN
$15,510 - 1856 Flying Eagle Cent PCGS Proof-63 CAC
$11,825 - 1794 Flowing Hair Half Dime LM-1 Price/LM Plate NGC AU-58
$18,719 - 1796 Draped Bust Dime PCGS AU-55 CAC
$6,748 - 1805 Draped Bust Quarter PCGS AU-53 CAC
$7,425 - 1853-O Seated Liberty Half Dollar Arrows and Rays NGC MS-63 CAC
$15,533 - 1795 Flowing Hair Silver Dollar 2 Leaves BB-20, B-2 NGC AU-50
$31,515 - 1796 Draped Bust Silver Dollar Small Date, Large Letters PCGS AU-55 CAC
$19,310 - 1801 Draped Bust Silver Dollar NGC MS-60
$32,450 - 1836 Gobrecht Silver Dollars Original, Coin Alignment PCGS Proof-62+
$112,200 - 1796 Capped Bust Right Gold Quarter Eagle No Stars PCGS XF-45
$19,251 - 1802/(1) Capped Bust Right Gold Quarter Eagle PCGS AU-53 CAC
$13,202 - 1824/1 Capped Head Gold Quarter Eagle PCGS XF-45 CAC OGH
$33,035 - 1795 Capped Bust Right Gold Half Eagle Small Eagle NGC XF-45
$13,752 - 1802/1 Capped Bust Right Gold Half Eagle NGC MS-61
$13,260 - 1811 Capped Bust Left Gold Half Eagle Small 5 PCGS MS-61 CAC
$8,800 - 1813 Capped Head Gold Half Eagle NGC AU-55
$25,025 - 1799 Capped Bust Gold Eagle Large Stars Obverse PCGS AU-53 CAC
$22,182 - 1907 Saint-Gaudens Gold Double Eagle MCMVII. High Relief, Wire Edge PCGS MS-63
$34,650 – 1873-CC Seated Liberty Silver Dollar PCGS XF-40
$8,743 – 1879 1c to $1 Proof Set PCGS Proof-63/64/65 (7 Coins)
$41,250 – 1895 Morgan Silver Dollar NGC Proof-60
$2,475 – 1923-S Peace Silver Dollar PCGS MS-64
$3,300 – 2009 MMIX Ultra High Relief $20 Gold PCGS MS-70
$1,815 – 2010 $50 Gold American Buffalo PCGS Proof-70 DCAM
View the 1796 No Stars Quarter Eagle at GreatCollections