About this set: The 1728 George II Guinea, which is part of the Spencer Collection, merits comment. This is the first young laureate Head and the date was missing from the Terner Collection entirely. It is deceptively rare, in high grade extremely rare, and almost never encountered. The famed Douglas-Morris Collection contained this date, but the coin had a light scratch running up the neck from the truncation. Almost certainly, the Douglas-Morris specimen was recently listed in a June, 2005 auction catalog, as the coin pictured there contained that same fine neck scratch, however the coin is now housed in an NGC MS-62 holder. The only other George II guinea in a PCGS MS-64 holder that has been seen at auction, so far as our research has disclosed, was Dr. Terner's 1727 example, which brought a staggering sum for a business strike guinea, approaching the $20,000.00 mark. (Terner 1, Lot 167). The Spencer 1728 example was purchased from a collector who acquired this coin in the late 1950's, the coin having spent almost half a century in bank vaults.
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