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Stacks Sale Nets over $2 Million
By Stacks

Two weeks ago, Stack’s held its annual Autumn Sale, a carefully selected group of coins geared towards both the advanced collector and the budding numismatist. The Autumn Sale took place on September 24, 2008 in New York and proffered an impressive offering of U.S. coins that featured many classic rarities as well as a nice selection of more affordable numismatic properties.

A pleasing assortment of popular and affordable colonial issues paved the way for a sharp 1793 Wreath cent that had the details of an EF-45 or better coin; it brought a strong $19,550, an excellent start to the sale. Minor coinage performed admirably as well, and highlights included a lovely toned 1820 JR-2 dime in MS-65 (NGC). With only seven pieces certified as finer by NGC, this coin was well-suited for inclusion in an advanced early dime or U.S. type set, and surely found an appropriate home after hitting a top bid of $10,350.

Colorfully toned coins continued to prove popular, and when an 1818/5 quarter, an MS-65 (NGC) example that is among the finest graded by that grading service, crossed the block, it sold for an impressive $23,000. Eight lots later, a fabulous Proof 1846 quarter, a sought-after rarity in any grade but especially so at this lofty Proof-65 (NGC) level, took center stage and reigned in $23,000. The rare 1916 Standing Liberty quarter, essential to any serious collector of the series, debuted in Mint State and, while not perfect, still brought $10,925.

Half dollars also showcased several important pieces, like the rare 1874-CC Arrows issue. The specimen here was graded AU-58 by PCGS and was awarded a green CAC sticker. Clearly collectors were of like mind, as it took $23,000 to secure this lot. An MS-63 (PCGS) (CAC) example of the 1921-D Walking Liberty half dollar, one of the most difficult dates to obtain from this series, was another highlight from the half dollar selection and sold for $16,100 when the lot closed.

Silver dollars performed with their typical zeal and boasted, among a sea of affordable rarities and high grade common-date issues, a lovely example of the popular 1799/8 15 Stars Reverse graded MS-61 by NGC that climbed to $33,350 before closing. Also of note was the all-important 1895 Proof Morgan dollar. This Proof-60 example was a relatively affordable one for this very rare issue, though it did take $37,375 to win this lot.

Brief forays into groups and rolls of U.S. coins, patterns, and commemoratives revealed some good opportunities to acquire important or desirable issues. The 1915-S Panama-Pacific $50 gold slug, an AU-58 details coin, was one such opportunity that was not missed, bringing $46,000 worth of bids.

Regular issue U.S. gold began with much excitement as an 1856-D gold dollar graded MS-62 by PCGS, one of the finest known examples, crossed the block and sold for $38,525. Quarter eagles were exemplified by a stunningly original 1834 Classic Head example graded MS-64 by NGC that sold for $13,800.

Three dollar gold pieces were capped off by a resplendent 1888 Proof-65 Cameo certified by PCGS and deemed superior quality by the presence of a green CAC sticker. This virtually pristine coin commanded a notable final bid of $28,175. Every gold denomination was represented by at least a single coin, including the celebrated $4 Stella. The specimen offered for sale here was a sparkling 1879 Flowing Hair beauty graded Proof-63 (NGC) that rocketed to $133,975 before being awarded to its new owner.

U.S. half eagles saw spirited bidder action from start to finish, and presented a beautiful 1807 Capped Bust $5 in MS-62 topping out at $10,350 and, some lots later, a truly superb MS-67 (NGC) 1908-S Indian Head $5 that brought a whopping $46,000! The section of ten dollar gold pieces also provided the bidder with ample opportunity to acquire many excellent specimens, the first of which was a 1797 Heraldic Eagle $10 graded VF-30 by PCGS; this lot secured $20,700 before the last paddle dropped. Later, bidders were intrigued by the appearance of a rare 1877-CC eagle that had been off the market for almost 30 years. In the exciting grade of AU-53, this coin climbed to an impressive $31,050 before the hammer fell.

U.S. double eagles offered an extensive selection of coins to choose from, and several exciting transactions took place. First up was an AU-50 1850-O example that sold for $10,350, leading off this section nicely. Saint-Gaudens $20’s saw several major highlights, including two remarkable MCMVII (1907) High Relief issues. The first was a Wire Rim in Proof-64 (NGC) that brought $46,000 and the second was an exceptional Flat Rim example graded MS-66 by NGC that sold for $69,000.

A few lots later, a 1920-S $20 graded AU-58 (NGC), a beautiful example of this classic U.S. rarity, went up for sale and eventually closed for $43,125. Finishing up the sale was the important 1930-S issue graded AU-58 (NGC) (CAC). It was awarded to its new owner after a successful bid of $69,000, placing the final flourishes on Stack’s Autumn Sale.

For further information on participating in or consigning to an upcoming Stack’s auction, contact Stack’s at 123 W 57th Street, NY, NY 10019 or Stack’s at Box 1804, Wolfeboro, NH, 03894. By phone please use 800-566-1580 or 866-811-1804. Full sales results from the Autumn Sale, as well as full photos and text from previous sales, are available online.

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