All in: The Regency Auction IV Realizes Nearly $3 MillionJuly 25th, 2013 by admin
Headliners: 1893-CC Morgan Dollar PCGS MS66 Jack Lee, 1916/1916 Buffalo Nickel Doubled Die Obverse PCGS Secure MS64 CAC
LAS VEGAS – Legend-Morphy Rare Coin Auctions recently held The Regency Auction IV in Las Vegas, the fourth under the “Regency” banner and fifth overall for the auction house. Numbers were exceptional across the board, with several noteworthy coins bringing well into six figures. The sale was once again held at the Bellagio during the PCGS Members Only Show, and huge online pre-bidding culminated with over three hours of feverish floor, phone, and online bidding, as a packed house battled over lots. Also for this sale, well known auctioneer Ron Guth returned to the podium at the request of Legend-Morphy partner Laura Sperber, setting the pace and calling the auction, which began at 6 PM PT.
Legend-Morphy partner Dan Morphy “was more than pleased with the sale and results. Lot preview was very strong with nothing but positive feedback on the catalog.
Laura did a phenomenal job putting together a fresh grouping of exceptionally clean coins. We met a lot of new bidders and buyers, and are already looking forward to putting together a banner sale for December.”
Julie Abrams, Legend-Morphy president, went on to say, “This was our finest auction to date with 380 handpicked lots, many from world class collections. We could not be happier with the prices realized and the sell-through rate. We have been encouraged by the feedback that our bidders, buyers, and consignors have given us. In a relatively short period of time, they have embraced and validated our unique auction model; small, exclusive auctions with the highest quality coins.”
Total prices realized were $2,987,820.75, with several highlights bringing huge numbers:
- Lot 62 – 5C 1916/1916 Doubled Die Obverse PCGS Secure MS64 CAC, $253,000.00
- Lot 68 – P5C 1913 J-1950 PCGS Secure PR65 CAC Gold Sticker, $195,500.00
- Lot 119 – 10c 1931-S PCGS MS67 FB CAC, $34,500.00
- Lot 185 – $1 1795 Flowing Hair 3 Leaves, B-5, BB-27 PCGS MS61 CAC, $92,000.00
- Lot 205 – $1 1885 PCGS MS66 DMPL CAC, $5,175.00
- Lot 208 – $1 1879-CC PCGS MS65 CAC, $34,500.00
- Lot 212 – $1 1893-CC PCGS MS66 JACK LEE, $161,000.00
- Lot 294 – $2 1/2 1881 PCGS Secure PR67 DCameo CAC, $63,250.00
- Lot 310 – $10 1883-CC PCGS AU58 EX Hall/Simpson, $16,100
- Lot 334 – 25c 1893 Isabella PCGS PR65 CAC, $51,750.00
“We were thrilled that our boutique auction was able to sell nearly $3,000,000.00 worth of coins in just over 3 hours! Both collectors and dealers love the ease at which they can participate in our sales. The other auction companies can be as gigantic as they want, but for us we’re ecstatic to be small, efficient, and performance proven. We had expected the sale to do well, but we were blown away at the results,” said Legend-Morphy partner Laura Sperber. “The sale consisted of fresh, high end, eye appealing coins and many were direct from major collections. It’s gotten nearly impossible to locate true GEM pieces. From day one, we knew this sale was going to be special.”
The 1893-CC Morgan Dollar PCGS MS66 Jack Lee smashed expectations, hammering at $161,000.00, and the 1883-CC $10 Gold Eagle PCGS AU58 EX Hall/Simpson exceeded estimates, bringing in $16,100.00. Many others went for well above expectations, and in addition to the highlights listed above, Legend-Morphy was thrilled to announce the 1831 Capped Bust Quarter PCGS MS65 CAC, which went for $26,450.00, the 1879-CC Morgan Dollar PCGS MS64 from the Rancho CC Collection which realized $18,975.00, and a 1826 Capped Bust Half Dollar PCGS MS64 which went for $7,475.00. Laura went on to say that “the prices realized (many of which were record setting) proved that Legend-Morphy has as much fire power as any other rare coin auction house.” All prices realized are posted on the Legend-Morphy website: http://www.legendmorphy.com.
The next Legend-Morphy sale, The Regency Auction V will be held Thursday, December 18 at the PCGS Members Only Show at the Venetian in Las Vegas. They are now accepting consignments.
** For information about consigning to Legend-Morphy’s December Regency Auction V or for more information on any lot in the sale, e-mail Julie Abrams at firstname.lastname@example.org or call 717-335-3435. You can also follow Legend-Morphy on Twitter at http://twitter.com/LegendMorphy and on Facebook at http://www.facebook.com/LegendMorphy.