Three MDCC coins sell at Heritage auction, including one new member of the club!

Posted on January 8, 2010 by

By David Hall…live from the FUN show.

Thursday, January 7, at the Heritage auction held in conjunction with the annual Florida United Numismatists (FUN) coin show, three coins sold for more than $1,000,000, including a coin that did so for the first time. To have a million dollar coin sell at auction is always something special. But to have three different million dollar coins sell the same night is truly extraordinary.

The first MDCC coin to come to the auction block that night was one of the finest examples of the 1927-D $20 St. Gaudens gold piece, a PCGS graded MS66 (PCGS coin # 9187). This coin sold for $1,495,000, a price that I personally consider very reasonable. In fact, I almost put my hand up to bid, but I hadn’t really thought about it before the sale as I was actually thinking about the other two ultra rarities in the sale. The buyer was Laura Sperber of Legend Numismatics.

The second coin to sell was what would become the newest member of the PCGS Million Dollar Coin Club, a PCGS graded PR65 Deep Cameo example of the famous Bickford $10 gold pattern (PCGS coin # 61677), one of only two known specimens. The coin sold for $1,265,000…and I must admit I was the underbidder at $1,200,000, and I have to say it really hurts to come in second place on a coin like that. We’ll have to include the Bickford $10 in the Million Dollar Coin Club listing as soon as we write the story and add it to the PCGS Million Dollar Coin Club section of our website.

Finally, the most famous U.S. coin of all appeared on the auction block when one of the five known examples of the 1913 Liberty nickel (PCGS coin # 3912) was offered. This example was the Olsen specimen, the second finest of the five, grading PR64. The final price was a very healthy $3,737,500.

Congratulations to Heritage Auction Galleries for selling three million dollar coins in one night.

Visit the Million Dollar Coin Club at http://www.pcgs.com/million-dollar-coin-club.

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