1856 Flying Eagle Cent Garners Record $312,000: Heritage

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1856 Flying Eagle Cent. Picture: PCGS/CoinWeek.

The best-graded instance of an necessary coin from the 100 Best U.S. Cash e-book bought for a file $312,000 to guide Heritage’s U.S. Coins Signature Auction to $14,144,452 November 20-24.

The end result for the 1856 Flying Eagle Cent, PR67+ PCGS CAC beat the earlier file of $240,000, set in 2020 at Heritage Auctions, and led an impressive occasion teeming with early {dollars}, Seated {Dollars} and Commerce {Dollars}, Defend and Liberty Nickel patterns and Proofs, a powerful choice of early copper and U.S. gold from all sequence.

Additionally venturing into uncharted territory was a 1915 Buffalo Nickel, PR69 PCGS that was the best licensed at PCGS and stored climbing all the way in which to $240,001.20, greater than tripling the earlier public sale file that had stood for over 19 years. The unique mintage from the Philadelphia Mint included simply 1,050 items however didn’t seize the appreciation of latest collectors. It’s attainable that a few of the Proofs went unsold, with the remainders melted after the top of the 12 months, and the surviving inhabitants has been estimated at about 700 examples in all grades. The coin bought on this public sale is the best licensed instance at PCGS, whereas the NGC census additionally lists a single PR69 instance; Heritage specialists imagine that quotation additionally represents this coin, which was in a PR69 NGC holder in prior public sale appearances.

The highest pair of outcomes had been for cash that had been amongst 71 from The Greensboro Assortment, Half XI from the trove that made its Heritage debut on the 2012 ANA Nationwide Cash Present in Dallas; extra installments have appeared at assorted Heritage occasions since then. The heaps from the gathering on this occasion embody a spectacular set of Flying Eagle Cents, Indian Head Cents, and Buffalo Nickels, nearly all of that are in Proof format and with high quality — most stay housed in previous-generation holders ranging in grade from PR65 to PR69, with Cameos, Pink Cameos, finest-knowns and CAC cash — by no means matched in any assortment provided at Heritage.

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One of many most interesting treasures within the public sale that was not provided from a featured assortment was a powerful 1870-CC Liberty Double Eagle, AU Details NGC that ended at $216,000. The 1870-CC Liberty Head Double Eagle is a landmark rarity within the sequence, the rarest concern amongst Kind Two Double Eagles by way of absolute and situation rarity. The wonder bought on this public sale is from a surviving inhabitants that has been estimated at solely 55-65 examples in all grades.

An 1879 Flowing Hair Stella, PR63 Cameo NGC CAC drew a successful bid of $156,000. Well-liked amongst collectors due to its standing as each a kind coin and a coveted numismatic trophy, it’s an iconic coin (Judd-1635) that technically is classed as a sample that has been built-in into mainstream accumulating, with demand constantly exceeding provide, particularly for high-quality examples just like the one provided on this public sale. The 425 Flowing Hair stellas that had been struck between October 1879 and Could 1880 had been meant for inclusion in three-coin sample units, together with the 1879 Goloid Greenback (Judd-1617) and Goloid Metric Greenback (Judd-1626).

Additionally reaching $156,000 was a 1931 double eagle, MS64+ PCGS that’s one among simply 31 examples graded in 64 (there are 5 graded 64+), and with 43 carrying finer grades. The fifth-rarest double eagle of the design, the 1931 is among the scarcer late-date Saint-Gaudens Double Eagles, with an estimated surviving inhabitants of roughly 110 cash over all grades.

A 1915-S Panama-Pacific Fifty Dollar, MS64 NGC introduced $114,000. It’s one among two $50 “slugs” that had been a part of a five-coin commemorative set marketed by numismatic entrepreneur Farran Zerbe that was provided along side the 1915 Panama-Pacific Worldwide Exposition in San Francisco, a set that additionally included a silver half greenback, a gold greenback, and 1 / 4 eagle. The cash initially had been bought both singly, or in units. Though 1,500 cash had been approved for every $50 selection, solely 483 examples of the Spherical model, like the instance provided on this public sale, had been ultimately distributed, the bottom internet manufacturing whole of any U.S. commemorative coin.

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The ninth coin within the public sale to achieve six figures was a 1795 Capped Bust Right Eagle, AU58 NGC from the Carolina Classics Assortment that realized $108,000. The United States Mint produced gold cash for circulation for the primary time in 1795, and data point out a small mintage of 5,583 Capped Bust Proper Eagles. It’s probably that some 1795-dated cash additionally had been struck in 1796, because the Mint continued to make use of dies for coinage so long as they had been serviceable, whatever the calendar 12 months. This coin represents the BD-2 selection, which is scarce in absolute phrases, however not extraordinarily elusive within the context of the sequence. John Dannreuther estimates the surviving inhabitants at 90-110 examples in all grades.

For all different outcomes moreover the 1856 Flying Eagle Cent and highlights above, go to the Heritage Auctions web site at coins.ha.com/c/auction-home.zx?saleNo=1378.

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