Coin Rarities & Related Topics: The Rarities Night auction, part 3, Gold Coins

This is my third column in a series on the ‘Rarities Night’ event that will be held on Thursday, Aug. 18, during the ANA Convention, in Rosemont, near Chicago.

In part 1 , I provide an overview and discuss a few coins that will be offered. In part 2 , I focus on dimes, quarters and half dollars.  Here in part 3, I focus U.S. gold coins that will be offered. The meaning of a ‘Rarities Night’ and the fact that this is the first one to be conducted by Stack’s-Bowers are discussed in part 1. It suffices to say here that coins offered during Rarities Night are rare, unusual, highly certified for their respective issues, and/or are especially valuable for other reasons.

I. $2½ Gold Coins

U.S. Quarter Eagles ($2½ gold coins) were minted from 1796 to 1929, though not in every year in between. There were two types in 1796 and both are represented in this auction.

There will be offered a 1796 ‘No Stars’ that is NGC graded MS-60 and two 1796 ‘With Stars’ Quarter Eagles, one of which is NGC certified “MS-63*.” I am somewhat accepting of the 63 grade. It is certainly one of the finest known 1796 ‘With Stars’ Quarter Eagles. It was formerly in the John Whitney Collection of 1796 dated coins, which Stack’s auctioned on May 4, 1999. I believe that it might have been dipped since that event, unfortunately. Even so, it is certainly high in the condition rankings for this issue.

The other ’1796 With Stars’ in this auction is PCGS graded “AU-53.” I am not sure about it. As there are probably only around thirty legitimately gradable 1796 ‘With Stars’ Quarter Eagles in existence, and fewer than fifty-five overall, collectors of early Quarter Eagles should not hope to choose among pristine 1796 Quarter Eagles. A Quarter Eagle enthusiast would be lucky to own one in any grade.

From an aesthetic standpoint, the most appealing Bust Quarter Eagle in this auction is an 1806/5 overdate that is PCGS graded AU-55 and has a CAC sticker. Its mostly original surfaces are characterized by a little honest wear and cool coppery tones. It is truly a choice almost uncirculated Bust Quarter Eagle. Moreover, this coin is definitely extremely rare. “It is estimated that fewer than thirty-five” are known, says the cataloguer. This would be my estimate as well.

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Coin Rarities & Related Topics: The Rarities Night auction, part 3, Gold Coins
Coin Rarities & Related Topics: The Rarities Night auction, part 3, Gold Coins

From an aesthetic standpoint, the most appealing Bust Quarter Eagle in this auction is an 1806/5 overdate that is PCGS graded AU-55 and has a CAC sticker. Its mostly original surfaces are characterized by a little honest wear and cool coppery tones.



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