Published: July 1, 2015
The top lot of the auction was an 1879 $4 Stella coin with flowing hair that fetched $258,500.
LAS VEGAS, NEV. —Legend Rare Coin Auctions returned to its New Jersey offices on the heels of a $6 million Regency Auction XII, which included Part I of the famous Coronet collection of MS Morgan dollars. The jam-packed sale included another 476 choice lots, making it the firm’s largest sale to date. Auctioneer Brad Karloff called the three-hour sale, which saw intense internet, phone, and floor bidding.
Legend Rare Coin Auctions President Julie Abrams said that “From the day we announced that we would be selling the Coronet Collection, we saw momentum build, and then soar. In the end, the results catapulted our total prices realized to $6,090,195.38, our highest ever. Additionally, record numbers of bidders participated in the sale, including many new and enthusiastic buyers. Auction day at the Bellagio was our most crowded ever, with many new faces and old friends battling it out for some of the finest Morgan dollars known.”
“We were blown away by the results,” says Legend Rare Coin Auctions founder and partner Laura Sperber. “The Coronet Collection saw record prices that smashed our estimates and the remainder of the sale also came in well above our expectations. In the end we saw more registrations, unique bidders, and internet bidders than any other sale, and more active bidders than our last two sales combined.”
The sale kicked off with the Coronet collection and the first lot across the block, lot 1, was an 1878 Morgan dollar that sold just over high estimate at $55,812. Morgan dollars leading the collection included one from 1889 at $141,000, an 1892 example for $135,125, an 1882 dollar at $108,687, and an 1884 one for $85,187.
Other highlights included an 1879 $4 Stella with flowing hair that brought $258,500, an 1869 $10 at $199,750 and a Buffalo nickel from 1916, doubled die obverse, at $146,875.
All prices reported include the buyer’s premium.
The next Legend Rare Coin Auctions sale, The Regency Auction XIII will be at the Venetian Las Vegas on Thursday, September 3, at the PCGS Members Only Show.
An 1882 dollar, ex-Jack Lee Coronet Collection, attained $108,6873.
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