Tangible Investments LLC Late Summer Coin, Antique and Jewelry Auction Thursday - September 12, 2013 Late Summer Coin, Antique and Jewelry Auction 1887 Proof Seated 25C, NGC PF66, Rainbow Toned (65771) USD 1,750 - 2,250 NGC has certified only 31 pieces at this level, with a mere 11 coins grading finer. Considering the Greysheet price for this coin, it seems that this issue may be a sleeper. Certified as PF66 by NGC. However, on this piece the technical grade nearly takes a back seat to the stunning rainbow toning on the obverse. This specimen clearly came from an old-time cabinet or has housed for years in a vintage Wayte Raymond album. The obverse is a spectacular blend of lime-green toning at the peripheries, and electric-blue and violet iridescence at the centers. The reverse offers a gorgeous palette of russet and gold coloration. A splendid Seated quarter on all fronts. 2: Original 1832 Bust 50C, ANACS XF40 (65850) USD 150 - 250 Fully original 1832 Capped Bust half dollar, with more detail than one would expect for an XF40 designation. Remnants of luster remain deep in the recesses of the protected areas. Pleasing gunmetal-gray patination confirms the unmolested state of this early half dollar. 3: Rare 1850 Seated Liberty Dollar, PCGS MS63 (67424) USD 11,000 - 12,500 Only 7,500 Seated Liberty dollars were minted with this date, and few have survived in Uncirculated condition. In fact, PCGS has certified a mere five pieces at this level, with only two coins grading finer, and they are both MS64. PCGS has never graded an MS65 specimen. In our book, that makes this issue undervalued, relative to Greysheet prices. This gorgeous Seated Liberty Dollar is dripping with originality. Electric-blue, rose, and gold iridescence dances across the surfaces of both sides. The details are razor-sharp and the overall eye appeal is far above average. Conservatively graded as MS63 by PCGS. 4: Exceptional 1882 Trade Dollar, NGC PF64 Cameo (41622) USD 2,500 - 5,000 Mostly white interiors are framed by gently toned pale-gold rims on this wonderful 1882 proof Trade dollar. The contrast is memorable and the quality is what one would expect of a certified PF64 example, if not better. Certainly worthy of strong bidding activity. Only 41 examples have been certified by NGC at the PF64 level, from a low mintage of only 1,097 pieces. 5: 1888-O Morgan $1, PCGS MS65 (67233) USD 500 - 600 While common in lower grades, true Gem Uncirculated 1888-O dollars can be a challenge to locate. PCGS has certified only 231 pieces finer, and all are at the MS66 level, with none finer. The example offered here is a frosty, original Gem dollar with ample eye appeal. We note that the hologram on the back of the slab is partially missing. If the winning bidder desires, we will have this coin re-holdered at no additional cost to the customer. 6: Key Date 1893-S Morgan $1, PCGS G06 (67239) USD 1,800 - 2,200 The key date of the business strike Morgan dollars. The current piece displays full rims and attractive two-tone patination. Everything is clear and there are not distracting flaws to lower the eye appeal of most lower grade specimens. Certified by PCGS as Good-4. The holder should be replaced, as the reverse hologram is partially missing. If the winning bidder desires, we will have this coin re-holdered at no additional cost to the customer. 7: 1928 Peace Dollar, PCGS MS63 (67243) USD 700 - 800 The key date to the Peace dollar series. This frosty 1928 dollar offers ample eye appeal and investment opportunity. Why purchase an AU when for just a bit more you can have a certified, real BU coin in a PCGS MS63 holder? 8: 1855 Type Two Gold Dollar USD 300 - 400 For type coin collectors, this is the Indian Princess Head gold dollar, or Type II (1854-56). This short-lived series offers only a couple of easily collectible dates: the 1854 and 1855 Philadelphia issues. The other branch mint options can be challenging. The current offering is nicely detailed, although lightly cleaned. Still a nice representative of the type. Bid Live Online at LiveAuctioneers.com Page 1 Late Summer Coin, Antique and Jewelry Auction 9: 1851-O Quarter Eagle, Nice VG Condition (64554) USD 300 - 500 For little over the current gold value, you can own a genuine two-and-a-half dollar gold piece struck at the New Orleans branch mint. Interestingly, the 1851 New Orleans $2.5 gold issue had a scant mintage of 148,000 coins, compared to 1,372,748 pieces struck at the Philadelphia Mint that same year. However, they both issues are priced at the same level in this grade range. Do the math. Which would you prefer for the same price, which happens to be slightly above the melt value. The coin offered here has full rims on both sides, is problem-free, and displays wear that is nothing but honest. 10: 1852 $2.5 Gold Piece, Raw XF (65938) USD 250 - 350 You are bidding on a nicely detailed 1852 quarter eagle in gold. This is a problem-free example with tinges of luster in the protected area. Uncertified, but conservatively placed at the XF level. 11: 1856 $2.5 Gold Piece, Raw XF/AU (66688) USD 350 - 450 A boldly struck specimen, with sharp details on both sides, and a bit of luster in the protected areas. Five mints struck quarter eagles dated 1856, and all but the Philadelphia issue have mintages of less than 100,000 coins. Even so, only 384,240 pieces were struck in Philadelphia, making it a somewhat scarce issue, although the price guides do not reflect this fact. 12: 1879-S Quarter Eagle, Raw VF (65939) USD 300 - 400 1879-S $2.5 gold piece in VF condition. This survivor comes from a scant mintage of only 43,500 pieces. Although twice as many 1879-P quarter eagles were struck, the price guides tend to price the two at the same level in circulated condition. This date is a sleeper, without question. In all grades combined, NGC has certified only 197 coins throughout the past two decades, yet they have graded 859 Philadelphia coins. 14: Scarce 1807 $5, NGC MS62, BD-8, R.2 (67172) USD 10,000 - 18,000 BD-8 die marriage, and BassDannreuther Die State c/a. Straw-gold coloration throughout, with semi-prooflikeness in the protected areas. A please Uncirculated survivor. In all grades combined, NGC has certified a mere 242 examples of this date. Compare that to--let's say--the key date 1909-S VDB cent, where well over 7,000 coins have been graded by NGC. Early U.S. gold remains one of the most underrated areas in numismatics. The values listed in price guides are disproportionate relative to the number of extant examples, and are mainly driven by supply and demand: the supply is low, but so is the demand. It is only a matter of time before collectors realize how relatively rare early U.S. gold coins truly are. 15: Attractive 1809/8 $5 Gold, NGC AU58 (41610) USD 6,000 - 12,500 Highly desirable 1809/8 overdate gold half eagle. The example offered here is attributed at BD-1, which is an R.3+ variety. The low mintage of only 33,875 is deceiving, as much of the original production was melted not long after being struck. Finding an example of this date in any condition is challenging. Locating a near-Mint State survivor is much more difficult. Lustrous, orange-gold coloration throughout. An eye-appealing specimen for the advanced collector. 16: 1813 $5, Rare BD-2, R.4, NGC MS61 (41611) USD 7,500 - 15,000 Only two die marriages were employed to strike 1813 half eagles. The most common of the two varieties is the BD-1 combination. The obverse die used on BD-1 was later married to a new reverse die to create the BD-2 variety. The Bass-Dannreuther reference on early gold opines that only 15% to 25% of the mintage of 1813 half eagles were struck with the BD-2 die pair, and they estimate that only 150 to 200 examples of this marriage have survived to this day. The current Mint State specimen is boldly stuck and displays bountiful luster throughout the apricot-gold surfaces. The reverse reveals remnants of adjustment marks, which add character to this early piece of numismatic Americana. Bid Live Online at LiveAuctioneers.com Page 2 Late Summer Coin, Antique and Jewelry Auction 17: 1836 Classic Head Five Dollar Gold, Uncertified (46945) USD 500 - 800 A pleasing pale-gold, well defined example of this early half eagle. From a mintage of 553,147 pieces, less than a few thousand coins have survived years of gold melts and natural attrition. The current offering is pleasantly struck and perfectly suitable for the type. For the sake of full disclosure, we note a small mark to the right of Ms. Liberty's mouth, and two circular abrasions affecting the reverse shield and the eagle's left (facing) wing. When bidding, please remember that each early five dollar gold piece contains just under one-quarter troy ounce of pure gold. 18: 1902-S Twenty Dollar Gold Piece (66699) USD 1,300 - 1,600 A circulated example of James B. Longacre's famous Liberty Head double eagle. This one is a 1902 San Francisco issue, and it lightly circulated. All details are clearly visible.