U.S. & World Coin News and Articles

GreatCollections Sells Record $1.28 Million in 4 Hours

February 10, 2014, Irvine, California – GreatCollections set a new company record yesterday with total sales of $1,283,901. The Paterson Collection of U.S. Type coins represented $665,599 of the total, which attracted record bidding and exceeded our pre-auction estimates.

"The coin market is strong, as evidenced by the spirited bidding and final prices realized. The star of the auction was the No Stars 1796 Quarter Eagle, which received 83 bids and finally sold for $112,200" said Ian Russell, President/founder of GreatCollections.

Only 963 coins were minted of the rare No Stars 1796 Quarter Eagle and of that, only about 100 are estimated to exist today. The last example in the same grade sold at public auction for $77,625 in 2009.

Another highlight was the 1799 Capped Bust Gold Eagle, graded PCGS AU53. 62 bids were placed with the final price being $25,025, exceeding the PCGS Price Guide value by over 10%.

Russell continued: "A personal favorite from the collection was the 1836 Gobrecht Dollar, graded PCGS MS62+. While not the highest grade of this issue, the coin was attractive and sold for $32,450."

Dr. Spencer Paterson has had an interest in coins his whole life and has put together a number of collections in different areas of numismatics. This type set was mostly acquired over the past decade.

"As the major consignor to this record-setting auction, Dr. Paterson was attracted by our personal service and extensive marketing plan. He opted for our company because we can focus on coins worth $5,000, $10,000 or $25,000, where at some auction houses they would be lost in a phonebook-sized catalog."

To view the full prices realized and images of the Paterson Collection, please visit www.greatcollections.com or telephone 1-800-44-COINS.

Highlights from the Dr. Spencer Paterson Collection

  • $112,200 - 1796 Capped Bust Right Gold Quarter Eagle No Stars PCGS XF45
  • 1796 $2.50 PCGS XF45 NO Stars Great Collections
    1796 $2.50 PCGS XF45 NO Stars
  • $26,950 - 1793 Liberty Cap Half Cent Bent Cap, Bunch Leaves PCGS XF45 BN
  • $14,316 - 1793 Chain Cent AMERICA PCGS VG08 BN
  • $12,376 - 1793 Wreath Cent Vine and Bars PCGS VF30 BN
  • $15,510 - 1856 Flying Eagle Cent PCGS Proof-63
  • $11,825 - 1794 Flowing Hair Half Dime LM-1 Price/LM Plate AU58
  • $18,719 - 1796 Draped Bust Dime PCGS AU55
  • $6,748 - 1805 Draped Bust Quarter PCGS AU53
  • $7,425 - 1853-O Seated Liberty Half Dollar Arrows and Rays MS63
  • $15,533 - 1795 Flowing Hair Silver Dollar 2 Leaves BB-20, B-2 AU50
  • $31,515 - 1796 Draped Bust Silver Dollar Small Date, Large Letters PCGS AU55
  • $19,310 - 1801 Draped Bust Silver Dollar MS60
  • $32,450 - 1836 Gobrecht Silver Dollars Original, Coin Alignment PCGS Proof-62+
  • $19,251 - 1802/(1) Capped Bust Right Gold Quarter Eagle PCGS AU53
  • $13,202 - 1824/1 Capped Head Gold Quarter Eagle PCGS XF45 OGH
  • $33,035 - 1795 Capped Bust Right Gold Half Eagle Small Eagle XF45
  • $13,752 - 1802/1 Capped Bust Right Gold Half Eagle MS61
  • $13,260 - 1811 Capped Bust Left Gold Half Eagle Small 5 PCGS MS61
  • $8,800 - 1813 Capped Head Gold Half Eagle AU55
  • $25,025 - 1799 Capped Bust Gold Eagle Large Stars Obverse PCGS AU53
  • $22,182 - 1907 Saint-Gaudens Gold Double Eagle MCMVII. High Relief, Wire Edge PCGS MS63

Other Highlights

  • $34,650 – 1873-CC Seated Liberty Silver Dollar PCGS XF40
  • $8,743 – 1879 1c to $1 Proof Set PCGS Proof-63/64/65 (7 Coins)
  • $41,250 – 1895 Morgan Silver Dollar Proof-60
  • $2,475 – 1923-S Peace Silver Dollar PCGS MS64
  • $3,300 – 2009 MMIX Ultra High Relief $20 Gold PCGS MS70
  • $1,815 – 2010 $50 Gold American Buffalo PCGS Proof-70 DCAM

About GreatCollections

GreatCollections is an auction and direct sale venue for certified coins. GreatCollections handles each coin transaction from start to finish. For sellers, GreatCollections offers professional imaging for each coin, cash advances as appropriate, and other individualized services generally not available with the large auction houses and other websites, freeing the seller to do nothing except collect the proceeds of the sale. Buyers benefit by entrusting a venue whose principals have years of coin experience and whose reputations in the industry are impeccable.

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