Stack’s August 2023 Global Showcase Auction Realizes Over $43 Million

Thousands of lots offering United States, World, and Ancient coins, Numismatic Americana, and United States and World banknotes crossed the block in Stack’s Bowers Galleries’ live and online sessions during and following the recent ANA World’s Fair of Money Convention in Pittsburgh, Pennsylvania. As an official ANA Partner Auction, the firm’s August Global Showcase realized $43,402,487 across 25 sessions of United States and World numismatic material. The United States offerings were anchored by more than a dozen named collections that featured coins, medals, tokens, and cryptocurrency. Collectors bid strongly for exceptionally fresh to the market gold coins from the Fairmont Collection-Rhone Set, fantastic New Jersey colonials from the E Pluribus Unum Collection, very high end type coins from the George Schwenk Collection, and important medals and colonial coins from the Sydney F. Martin Collection.

The fresh, pleasing and generally original coins from the Fairmont Collection continued to garner the market’s attention, as the incredible Rhone Set of $5, $10, and $20 gold coins was presented. Comprising mostly complete runs of each denomination beginning in 1834, the Rhone Set offered an astounding combination of Condition Census and Everyman quality across the rarest dates and varieties of U.S. gold. Strong bidder participation, particularly on the branch mint issues from Charlotte and Dahlonega, rare Civil War dates and the wild west issues of the Carson City Mint, brought results of nearly $2.7 million, exceeding pre-sale estimates.

The Dr. George Schwenk Collection consisted of 65 coins, a truly exceptional complete “Basic Design Type Set” that ranked #2 all-time finest. This Basic Design set was highlighted by such important rarities as an AU-55 (PCGS) CAC 1854-D three-dollar gold piece which sold for $96,000, a MS-62 (PCGS) 1802/1 Draped Bust silver dollar that realized $45,600, and a Proof-67 Deep Cameo (PCGS) CAC 1901 Liberty Head quarter eagle that brought $30,000.

Other specialized collections, including the E Pluribus Unum Collection, the Cardinal Collection, the Skyler Liechty Collection, and the Ken Beukelaer Collection, focused on Colonial era coins and Numismatic Americana. Part 4 of the E Pluribus Unum Collection focused mainly on New Jersey “horse head” coppers (with 96 discrete Maris numbers), as well as Saint Patrick’s coinage. Rarities included an evocative Maris 70-x overstrike that realized $12,000, a classic circulating counterfeit Maris 83-ii that sold for $15,600, and Maris’ own Maris 11 1/2 -G which garnered $7,200. The Skyler Liechty Collection focused on medals related to John Law, while the Ken Beukelaer Collection showcased popular and desirable medals and tokens featuring George Washington. These collections were great attractions for serious specialists, who sometimes wait years to find examples for their cabinets.

The spotlight shone on early federal issues in the Legacy Collection, a remarkable cabinet of Capped Bust coins and silver dollars with a focus on 18th century and pre-Civil War issues. Featured were a pair of Capped Bust coins that have been newly confirmed as Proof by PCGS: a Proof-64 (PCGS) 1821 Capped Bust quarter that soared to $252,000 and a Proof-58 (PCGS) 1828 Capped Bust half dollar that brought $192,000. The Andrew M. Hain Collection, a name that needed no introduction, offered early gold coins which attracted strong bidding action.

Other collections focused on United States federal coins, some of which had been off the market for decades. The Jerome S. Reznick Collection was an expansive group of items from virtually every coin series released by the U.S Mint, assembled primarily in the 1970s and held privately since. Specialists in United States silver dollars bid strongly for items in the Rick Collection, and for the R.E. Jackson Collection, a fantastic NGC Registry Set that offered many key Morgan dollars in Gem grade. The Kohler Wisconsin Collection featured a fabulous type set with a focus on 19th century gold coinage, the overwhelming majority of which were approved by CAC.

The Sydney F. Martin Collection, Part IV was presented in a stand-alone catalog and featured Betts medals, Massachusetts silver coins, Higley coppers, Continental dollars, 1787 Connecticut coppers, Vermont coppers, and Fugio cents. This landmark event, entitled “The New England Sale” in recognition of the regional focus of this auction, realized prices totaling $3,817,668, building on the success of the firm’s previous offerings from this iconic collection, which now total nearly $15 million.

United States banknotes exceeded expectations and surpassed presale estimates with all sessions realizing a total of $5,158,349. Highlights of the U.S. paper money sessions included lot 20204, a Fr. 1133-G 1918 $1000 Federal Reserve Note. Chicago. PMG Choice Extremely Fine 45 that realized $55,200; lot 20221, a Fr. 1214 1882 $100 Gold Certificate. PMG Superb Gem Uncirculated 67 EPQ that brought $144,000; and lot 20351 a Fr. 2405* 1928 $100 Gold Certificate Star Note. PMG About Uncirculated 50 EPQ that sold for $84,000.

World and Ancient coins realized $7,466,456 overall, with strong prices and active bidder participation that brought well above presale estimates. The highlight was lot 51036, a 1656 British Commonwealth Gold Broad Pattern of 50 Shillings. Struck under Oliver Cromwell as Lord Protector, this rarity of British numismatics realized $504,000.

“Bidders were active, and drove strong prices across all sessions and categories in our August 2023 Global Showcase Auction,” said Stack’s Bowers Galleries President Brian Kendrella. “Demand for great coins remains strong and, as can be seen when you look at the prices realized, the available supply is still unable to satisfy that demand. Our globally recognized brand and legacy of auctioning many of the greatest collections of all time brings in the consignments, and our customer service and user friendly bidding platform allows for seamless bidding for buyers worldwide.”