Sunday, March 15, 2015

For Sale: The Most Valuable Coin Collection In Private Hands Is Hitting the Auction Block

From the Daily Mail:
The most valuable coins in the world: Texas property developer's treasured collection from the early years of the American republic is expected to fetch more than $220MILLION at auction
  • The collection of 650 coins was built up over 35 years by Texas property developer A. Mack Pogue and his son, D. Brent Pogue
  • It includes a coveted 1804 silver dollar worth $9.8million, which is known as the 'pinnacle' of coin collecting
  • Each steel die used to strike coins in the early 1800s was painstakingly produced by hand, creating variations that are prized by collectors 
  • It will be sold in a series of seven auctions in New York and London, beginning on 19 May and culminating in a final sale in May 2017
The world's greatest private collection of coins is expected to sell for $220million (£150million) in a record-breaking series of seven auctions at Sotherby's and Stack's Bowers Galleries. 

Dexter-1804-$1-PCGS-PR65
Precious: This 1804 silver dollar, left and right, is estimated to be worth between $8 and $10million. D. Brent Pogue, 
who assembled the collection with his father, described selling his collection as 'bittersweet'
Gathered over more than 30 years by Texas property developer A. Mack Pogue and his son, D. Brent Pogue, the collection contains coins from the early years of the American republic, from 1792 to the 1830s.
These are the most sought-after U.S. coins in existence, as the crude production techniques of the period meant that the coins were fragile, making surviving high-quality examples are extremely rare....MUCH MORE