Unique PCGS Half Dime 1870-S Sold by Legend
sets of Capped Bust and Liberty Seated half
dimes in the PCGS Set RegistrySM have been sold
in a multi-million dollar private sale by Legend
Numismatics of Lincroft, New Jersey (www.LegendCoin.com).
The 93 coins include many of the finest known
examples and the unique 1870-S half dime that
was individually valued in this transaction at
"The collections are known as 'The Law
Collections,' named after the anonymous 'Law
Collector,' a New Jersey hobbyist who sold the
coins to us for $2.2 million," said Laura
Sperber, President and Founder of Legend. "We
then sold both sets intact to a Western states
collector who told me he would like to exhibit
the 1870-S and other coins from his extensive
collection, perhaps at an ANA convention next
"The buyer is especially excited about the mint
state Liberty Seated half dimes because they
will compliment his collection of proof half
dimes," Sperber explained.
The Law Collections of half dimes comprised a
total of six different categories that are each
ranked number one in the PCGS Set Registry:
Capped Bust Half Dimes Basic Set, Circulation
Strikes, 1829-1837(with a weighted grade point
average of 67.20);
Capped Bust Half Dimes with Varieties,
Circulation Strikes, 1829-1837 (66.091 GPA);
Liberty Seated Half Dimes Date Set, Circulation
Strikes, 1837-1873 (66.06 GPA);
Liberty Seated Half Dimes Basic Set, Circulation
Strikes, 1837-1873 (65.03 GPA);
Liberty Seated Half Dimes with Varieties,
Circulation Strikes, 1837-1873 (65.07 GPA); and
Liberty Seated Half Dimes with Varieties &
1870-S, Circulation Strikes, 1837-1873 (65.03
This is the only complete set of Liberty Seated
half dimes possible since it includes the unique
1870-S, the only coin not in the legendary
Eliasberg Collection. Baltimore banker Louis E.
Eliasberg Sr. assembled virtually one example of
everything struck by the United States before
his death in 1976. The 1870 San Francisco Mint
half dime was not discovered until 1978 when it
was reported to the hobby by Rare Coin Company
of America (Rarcoa) in Chicago.
Photo courtesy of Lyle Engelson/Goldberg Coins &
The coin is graded PCGS MS-64.
"These sets have been a 16-year labor of love.
It took a great deal of time, but it was
tremendous fun and I loved putting them
together," said the "Law Collector" who began
collecting half dimes in 1992.
"I was at a show in Secaucus, New Jersey when I
saw three Seated Liberty half dimes in (MS) 68.
They were the most beautiful coins I'd ever
seen, absolutely gorgeous, and I bought all
three. Over the next 16 years Laura (Sperber)
located about 95 percent of the rest of the
coins for me, including the '70-S. When the
'70-S became available (in 2004) I had real
visions of putting together the ultimate set,
and I finished it in 2008."
The Law Collector said he would miss the sets,
but added: "I'm glad they didn't get broken up
and scattered to the wind. These are museum
pieces. I'm glad they're going to a collector
who appreciates them and will keep them together
PCGS President Don Willis stated: "The Law
collections are an impressive accomplishment.
Each collection ranks number one in the
appropriate PCGS Set Registry category and
includes many finest known examples. Of course,
the inclusion of the unique 1870-S half dime is
an achievement beyond comparison."
Among the finest known examples in the
collection are the 1834 Inverted 3 Capped Bust
graded PCGS MS-68;1835 Capped Bust Small Date,
Large 5C graded PCGS MS-67; and the Seated
Liberty half dimes 1837 No Stars, Small Date
PCGS MS-68;1841-O PCGS MS-67;1855-O With Arrows
PCGS MS-67; and 1869-S PCGS MS-66.
"There are incredibly high-grade coins in these
two collections, and many of them have CAC
(Certified Acceptance Corporation) stickers on
the holders. "Fifteen coins are graded PCGS
MS-68," said Sperber.
"Five out of the 14 Capped Bust half dimes are
the finest known 'pop 1' (the highest graded
coin for that date and mintmark in the PCGS
population census of certified, graded coins),
and five others are tied for finest known! In
the Seated Liberty set there are 12 'pop 1's,
and 36 others are tied for finest known."
For additional information, contact Legend
Numismatics toll-free at (800) 743-2646 or visit
online at www.LegendCoin.com.