Saturday, May 21, 2016

Quintuple Stella gold coin realized $1,880,000

The exceptionally rare 1879 $20 pattern, known as a "Quintuple Stella", struck in gold, and second finest certified realized a record $1,880,000 (icluding 17.5% buyer's premium). The Brand-Carter-Trompeter-Simpson Duplicate example was sold to Greg Rohan of Heritage who "purchased the coin on behalf of a private collector who wishes to remain anonymous."

Quintuple Stella

The most recent sale of a Quintuple Stella was the PCGS PR62 CAM Garrett-Trompeter coin that realized $862,500 in January 2007.

The Brand-Carter-Trompeter-Simpson Quintuple Stella has not appeared at auction since February 1992, where, even back then, it realized $187,000.

"Overall, the Regency Auction XVII exceeded my expectation. We set more record prices than we thought possible given the current market conditions," Laura Sperber declared after the sale. "The sale of the Quintuple Stella at $1,880,000 proves that the big money will come out for the special coins."

Sperber continued, "For this sale, we had several hundred new registrants, many of whom were winning bidders. The activity on the internet, prior to, and during the sale were at record levels for LRCA, both people watching and bidding. We are very pleased to see the market is clearly alive and well, and continuing to recover from the 'perfect storm' that hit the market earlier this year."

There are five specimens known, one of which (the Brand-Menjou-Farouk-Stack’s coin) is permanently impounded in the National Numismatic Collection at the Smithsonian Institution. The finest (per David Akers) is the Olsen-Wilison-Akers-Holecek-Southern-Collection- Bob R. Simpson piece. Followed by this one, which is the Virgil Brand-Amon Carter- Ed Trompeter-Bob R. Simpson Duplicate.

Among the many highlights:

  • Lot 5, 1C 1812 Large Date. PCGS MS64 BN CAC realized $32,900.
  • Lot 27, 1C 1909 VDB PCGS Matte PR66 BN saw spirited bidding to $41,125.
  • Lot 42, 3SC 1860 PCGS PR65+ CAMEO ex Legend Collection brought a record $9,987.50.
  • Lot 55, 5C 1912-S PCGS MS66 CAC brought a healthy realization of $14,687.50.
  • Lot 66, 5C 1937-D 3-Legged PCGS MS66 sold for a robust $55,812.50
  • Lot 74, H10C 1834 PCGS MS68 CAC, one of the finest Capped Bust half dimes in sold for $45,825.
  • Lot 151, 25C 1859-O PCGS MS65 CAC realized $23,500.
  • Lot 170, 25C 1898 PCGS PR68 DCAM CAC, a monster, brought $22,325.

Legend Rare Coin Auctions will be returning to Las Vegas in September for the 18th Regency Auction, consignments are now being sought. If you have a single rarity or a major collection, you can visit Legend Rare Coin Auctions website for information.