Published: August 16, 2011
As the top lot in Heritage Auctions’ August 11‱2 Signature US coin and Platinum night auction, conducted at the Marriott-Chicago O’Hare, a unique 1855-S $3, ex-Golden Gate Collection, a rarity in the world of numismatics, brought $1,322,500 †along with a round of applause †in the auction room.
Overall, the auction totaled more than $31.34 million, as 5,154 bidders vied for 7,370 lots, translating into a sell-through rate of 91 percent by value and 95 percent by total lots.
“These are great results with strong showings in every corner of the market,” said Greg Rohan, president of Heritage Auctions.
Illustrating the interest across the spectrum, a trio of diverse coins rounded out the top quartet of the auction. An 1893-S Morgan silver dollar, from the Norweb and Jack Lee collections, and the highest-graded NGC-certified specimen, took the second spot at $546,250, giving collectors of the ever-popular Morgan dollars something to cheer about; an 1863 $10 deep cameo charmed collectors into several rounds of intense bidding before finishing at $299,000; and a historic 1796 $2½ coin, the finest that Heritage has offered in three years, according to Rohan, realized $276,000.
Prices given include the 15 percent buyer’s premium charged. A complete review of the auction will appear in a future issue.
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