The Waldman Collection

August 31, 2011 • New York

Cataloged & Sold by

© Copyright 2011

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3100 Monticello Ave. Suite 925 Dallas, Texas 75205145 West 57th Street 18th Floor New York, New York 10019

www.spinksmythe.com

COINS BANKNOTES STOCKS & BONDS MEDALS AUTOGRAPHS STAMPS

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aldman ColleCTion Proof Indian Quarter Eagles and other Important Numismatic Properties

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Waldman cat cover layout_11032 catalog cover 7/28/11 3:45 PM

Group Chairman & CEO Olivier Stocker

Specialists

StampsDavid Parsons Nick Startup Neill Granger

Paul Mathews Guy Croton Dominic Savastano Charles Shreve Chris Anderson George Eveleth

Tim Hirsch Ed Robinson Andrew TitleyCoins

Richard Bishop Paul Dawson John Pett David Guest William MacKay Julie-Morgane Lecoindre

Arthur Bryant Matthew Orsini Thomas Tesoriero Normand Pepin

BanknotesBarnaby Faull Stephen Goldsmith

Bonds & SharesMike Veissid Stephen Goldsmith

AutographsRobert Litzenberger

Orders, Decorations, Medals & MilitariaMark Quayle Oliver Pepys

BooksPhilip Skingley Rebecca Mason

Special CommissionsIan Copson James Winterkorn

• Spink UK •

Timothy Hirsch DirectorAnthony Spink Non-Executive Director

Auction & Client Management TeamEmily Johnston Miroslava Adusei-Poku Phillipa Brown

FinanceAlison Bennet Mina Bhagat

Alison Kinnaird Shyam PadhairIT & Administration

Berdia Qamarauli Liz Cones Curlene Spencer John Winchcombe

• Spink USA •

Charles F. Shreve President John Herzog Chairman Emeritus

FinanceDennis Muriu Ingrid Qureshi Sam Qureshi

Auction AdministrationRick Penko Patricia Lou Gardner

Marketing & DesignJames McGuire Emily Cowin

Shawn Barnes Clyde TownsendAdministration

Marcella Gottberg

• Spink Asia •Gary Tan

Coins Stamps Banknotes, Medals,Bonds & Shares, Autographs & Books

AUCTION CALENDAR

2011

Stamps19-20 August Philatelic Collector’s Series Sale New York 13620 September Great Britain Stamps London 1103825 September Fine Stamps & Covers of Southeast Asia including the Stolz Collection Part II Singapore 1101612 October The Chartwell Collection - Great Britain Surface Printed Issues London 1103118-20 October Pearls of Arabia Philately London 110379 November The “Fordwater” Collection of Mint Australian Commonwealth with the London

Emphasis Being on Unmounted Mint9-10 November Autumn Collector’s Series Sale London 1103315-16 November The Collector’s Series Sale New York29 November The “Agathon” Collection of the First Issue of Russia London 110346 December The Chartwell Collection - Great Britain King Edward VII Essays, Proofs London 11035

and Issued Stamps

Banknotes30 August Numismatic Collector’s Series Sale New York 30927-28 Sept. World Banknotes London 110193 October The Alasdair MacDonald Collection of Banknotes and Other Properties London 1104015-16 November The Collector’s Series Sale New York8 December World Banknotes London 11020

Bonds and Shares30 August Numismatic Collector’s Series Sale New York 30921 October Bonds & Share Certificates of the World London 1102215-16 November The Collector’s Series Sale New York

Coins30 August Numismatic Collector’s Series Sale New York 30931 August The Waldman Collection of Proof Indian Quarter Eagles New York

and other Important Numismatic Properties6 October Ancient, English & Foreign Coins and Commemorative Medals London 110236 October The Property of a Gentleman: A Collection of English Hammered Groats London 1103915-16 November The Collector’s Series Sale New York1 December Ancient, English & Foreign Coins and Commemorative Medals London 11024

Medals24 November Orders, Decorations, Campaign Medals & Militaria London 11011

The above sale dates are subject to change

Smythe Aug CSS cat layout_Sale309_Cover 8/2/11 4:48 PM

S P I N K S M Y T H E

DALLASAll lots will be available for viewing by appointment only. Call 1-800-556-7826.

August 8-12, 2011

ROSEMONT, ILAmerican Numismatic Association Convention

Donald E. Stevens Convention CenterAugust 16 - 20, 2011 9:00 a.m. - 5:30 p.m.

Auction highlights will be on display at Table #323

NEW YORK CITYSpink Smythe

145 West 57th St., 18th FloorAugust 25 - 29, 2011 10:00 a.m. - 5:00 p.m.

S P I N K S M Y T H E145 West 57th St., 18th Floor

New York, NY 100191-800-556-7826

212/262-8400 Fax: 212/262-8484 E-Mail: [email protected] Website: www.spinksmythe.com

3100 Monticello Ave. Suite 925Dallas, TX 752051-800-556-7826

972/788-2100 Fax: 972/788-2788 E-Mail: [email protected] Website: www.spinksmythe.com

Public Auction

Viewing of Lots

Sale Location

Sale Offered By

Wednesday, August 31, 2011 at 6:00 p.m. Session 1 Lots 1 - 212

Auctioneer: Tracy L. Shreve, New York City, Dept. of Consumer Affairs, License #914454/914455

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The Waldman Collection

1. The placing of a bid constitutes full acceptance of theseTerms and Conditions of Sale by the bidder.

2. The highest bidder acknowledged by SPINK shall be thebuyer. In the event of any dispute between bidders, SPINKmay, at its sole discretion, immediately put the lot up forsale again. SPINK’S decision shall be final and bindingupon all bidders. A buyer’s premium equal to 20% of thesuccessful bid price of each lot up to and including$2,000.00 and 15% of the excess bid price will be added toeach invoice and is payable by the buyer as part of the totalpurchase price.

3. All bids are to be per lot as numbered in this catalog.SPINK reserves the right to group two or more lots togeth-er and to withdraw, prior to call for bids, any lot(s) from thesale. Bids will be accepted in whole dollar amounts only,and SPINK reserves the right to reject any bid or advancethe bidding at its discretion.

4. SPINK may not withdraw any lot after a call for bids hasbeen made with respect to that lot, however, the consignorof the property included in the lot (or any other lot) maybid on and purchase the lot for his/her own account. Ifhe/she does so, he/she must pay both the seller’s commis-sion and buyer’s premium.

5. SPINK may have made advances and loans available to cer-tain consignors and bidders in the sale. SPINK reserves theright to bid on any lot in the sale. Additionally, SPINK mayor may not have financial interest in any of the lot(s) in thesale.

6. All sales are strictly for cash, check and bank/wire transferin United States dollars; However, SPINK will only acceptcash payments under $10,000.00. SPINK offers clients theoption of paying by credit cards (Visa, MasterCard, andDiscover only) in United States Dollars for a conveniencecharge of two percent (2%) up to a total of $20,000.00.Credit card payments will only be accepted if (a) the pur-chase is made by the card holder, (b) any purchased itemsto be shipped are shipped to the cardholder’s verified billingaddress, (c) floor bidders present their credit cards and (d)all returns are governed by the terms and conditions of thesale. Payment is due and payable immediately upon receiptof the auction invoice or, if payment is to be made at theauction site, simultaneously with receipt of the purchaseditems. SPINK reserves the right to void a sale if payment infull of the invoice is not received by SPINK within fifteen(15) days of the date of invoice. A late charge in the amountof the lesser of 18% per annum and the maximum lawfulrate will be charged on the invoice total if payment is notreceived within thirty (30) days of the date of the invoice.All lots are subject to applicable state and local taxes, unlessappropriate resale certificates are on file with SPINK.

7. Shipping, handling and administration charges will beadded to invoices for lots delivered by mail. All lots will beshipped via U.S. Express Mail to Post Office boxes, viaFederal Express to street addresses, and FedEx ground for

bulky large lots (in the U.S. only). Purchases shipped viaFedEx will not be covered by SPINK insurance in the eventthat the buyer has placed a “signature release” on file withUPS. Buyer will be responsible for total purchase price inthe event of loss. SPINK cannot be and is not responsiblefor the loss of any merchandise shipped outside the UnitedStates and therefore insurance on any items to be shippedoutside the United States is solely the responsibility of thebuyer. It is also the responsibility of the buyer to provideadequate insurance coverage for the items once they are inhis/her possession. Risk of loss shall be borne by the buyerfollowing shipment of the items and SPINK assumes no lia-bility for merchandise lost, stolen or damaged while in thepossession of a party to whom merchandise has beenshipped.

8. In the event a successful bidder fails to pay the charges due,SPINK reserves the right to resell the merchandise and thebuyer agrees to pay for the reasonable cost of such a saleincluding a 10% seller’s commission, and also to pay any dif-ference between the resale price and the winning price ofhis/her previously successful bid.

9. SPINK reserves the right to require payment in full beforedelivery of the merchandise to the buyer. Bidder personallyguarantees payment, and if a corporation, an officer or prin-cipal in the corporation agrees to personally guarantee pay-ment. Title to any purchased items remains with SPINKuntil all invoices are paid in full. SPINK reserves the rightto await clearance of any check used for payment beforedelivery of any item and a $25.00 charge will be applied forany check that fails to clear.

10. SPINK reserves the right to refuse to honor or reject anybid which, in its opinion, is not submitted in good faith, or,as the case dictates, is not supported by satisfactory refer-ences, as SPINK in its sole discretion shall determine.SPINK further reserves the right to ban any bidder fromparticipation in its sales for any reason deemed appropriatein its sole discretion.

11. No minors may participate in any SPINK sales.12. Bids will be executed for mail bidders at one advance over

the next highest bid in competition with floor and/or inter-net bidders, until the maximum bid is executed for the mailbidder, or until the lot is sold. No buy or unlimited bids willbe accepted. No additional commission (except for thebuyer’s premium) is charged for executing mail bids.SPINK cannot and does not assume any responsibility forerrors made in the amount bid or lot numbers listed, socheck your bid sheet and online submission carefully. Whenidentical mail bids are submitted, preference is given to thefirst received.

13. SPINK may reopen the bidding on a lot under the following circumstances: (a) SPINK has failed to executecorrectly a mail bid; (b) A party purchasing the lot on thefloor has done so in error; (c) Where a protest is made afterthe hammer has fallen but before bidding has commenced

Terms and Conditions of SaleThis is a public auction and mail-bid sale held by SPINK, who are licensed and bonded auctioneers. SPINK may not withdraw any lot after a call for bids has been made with respect to that lot, however, the consignor of the property included in the lot (or any other lot) may bid on and purchase the lot for his/her own account. If he/she does so, he/she must pay both the seller’s commission and buyer’s premium.

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August 31, 2011 - New York City

on the next lot; (d) Where the auctioneer has determinedthat he/she has overlooked a party still bidding on the lot but before the calling of the next lot; and (e) At the discretion of the auctioneer. In the event of a dispute, theauctioneer’s decision shall be final.

14. Agents executing bids on behalf of clients will be heldresponsible for all purchases made on behalf of clientsunless otherwise arranged prior to the sale.

15. The same protections applicable to SPINK shall apply toeach officer, director and employee of SPINK unless suchindividual shall be convicted of knowingly and intentional-ly selling false or stolen goods.

16. The descriptions provided in the catalog are intended sole-ly for the use of those bidders who do not have the oppor-tunity to view the lots prior to bidding. All photographs inthe catalog are as accurate as can be reproduced withtoday’s technology; however, they cannot be relied uponfor exact reproduction of color. All bidders who haveinspected the lots prior to the auction will not be grantedany return privileges, except for reasons of genuineness. Itis presumed that all floor bidders have inspected the lotsprior to bidding. Therefore, lots purchased by floor biddersare sold “AS IS” and may not be returned. Floor Biddersinclude those bidders acting as agents for others.Additionally, SPINK reserves the right to describe itemsdifferently than the descriptions shown in the catalogshould such items be consigned to any future auction.

17. All the lots are sold as genuine. For the purpose of this sale,“genuine” is defined as not faked or forged and SPINK willnot knowingly sell any item that has been “repaired’,“restored”, “processed”, “cleaned”, “pressed” or “con-served” in any way without disclosure of such facts to thepotential buyer.

18. The following conditions apply to requests for expertiza-tion of philatelic items: (a) Mail bidders are asked to adviseSPINK of any extension requests at the time of placing theirbids; (b) Floor bidders must advise SPINK of any exten-sions in writing at the time of lot settlement; (c) SPINK willsubmit all items so requested by successful bidders to thereputable authority of their choice; For United Statesstamps, the Philatelic Foundation and the ProfessionalStamp Experts are the accepted authorities. (d) Purchasersof items submitted for expertization must pay as part of thepurchase price all charges for expertization, includingpostage and handling; (e) Purchasers of items to be exper-tized must make payment in full immediately upon pur-chase prior to expertizing; Refunds will be made promptlyfor all sums if in the unlikely event an item is returned witha negative opinion; (f) Requests for expertization of stampswith certificates dated within the last five (5) years of thesale date will not be granted; (g) No lot may be returneddue to a certification service grading a stamp differentlythan the grade stated in the auction description; (h) No lotwill be accepted as a return from expertization if the item isindelibly marked as being altered or fraudulent by theexpertizing authority; and (i) No lot will be accepted as areturn, for any reason whatsoever, including extensionreturns, after four (4) months from the sale date. Anyexceptions to this time limitation must be agreed to in writ-ing at SPINK sole discretion.

19. No lots may be returned without a written request by the

successful bidder and the written approval of SPINK. In theunlikely event of returning a lot, SPINK must receive noti-fication of the buyer’s intent within three (3) days of thebuyer’s receipt of the lot. The following lots may not bereturned for any reason whatsoever: (a) lots containing tenor more items; (b) lots described as having faults or defectsbecause of the faults described or any others, including lotsdescribed as “repaired”, “corroded”, “holed”, “whizzed”, orsimilar damage, except for non-authenticity; (c) illustratedlots because of centering, margins, etc. or other factorsshown in the illustrations; (d) lots described “AS IS”,including third party graded coins or banknotes (i.e. PCGS,NGC, ANACS, ICG); (e) lots valued primarily for the bul-lion content; (f) lots examined by postal viewers; and (g)any philatelic extension lot unless the conditions set forth inItem 18 above is complied with fully. Except for lots placedon extension, as per the conditions of Item 18 above, nolots may be returned for any reason whatsoever after thirty(30) days from sale date. Late payment for purchase may, atSPINK option, be considered just cause to revoke all returnprivileges. If any disputes arise regarding payment, authen-ticity, or description between the bidder and SPINK,SPINK at its sole discretion, may submit the disputed mat-ter to binding arbitration in Dallas, Texas, to which the bid-der, by placing a bid and hereby accepting these Terms andConditions of Sale, agrees to be bound.

20. United States coins and currency will not, in conformitywith the law, be opened at less than face value.

21. The auctioneer reserves the right to postpone the sale byauction for a reasonable period of time as a result of any sig-nificant event which, in the sole discretion of the auction-eer, makes it advisable to postpone the event. No prospec-tive bidder or prospective buyer shall have recourse as aresult of any postponement

22. In the event SPINK refers an invoice(s) to an attorney forcollection, the buyer agrees to pay SPINK attorney’s fees,court costs, witness fees and other costs incurred bySPINK.

23. THESE TERMS OF SALE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITHTHE LAWS OF THE STATE OF TEXAS, WITHOUTGIVING REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW. THE SIGNER OF A SPINK BIDSHEET OR PARTICIPANT IN THE AUCTIONAGREES THAT EXCLUSIVE VENUE FOR ANY DISPUTE WITH RESPECT TO THESE TERMS OR INCONNECTION WITH SPINK SHALL RESIDE IN A STATE OR FEDERAL COURT LOCATED IN DALLAS, TEXAS.

24. On-line Bidding — SPINK offers internet services as a con-venience to our clients, but SPINK will not be responsiblefor errors or failures to execute bids placed on the internet,including, without limitation, errors or failures caused by (i)a loss of connection on SPINK or your end; (ii) a break-down or problems with the online bidding software and/or(iii) a breakdown or problems with a client's internet con-nection, computer or system. Execution of on-line internetbids is a free service undertaken subject to other commit-ments at the time of the sale and SPINK does not accept lia-bility for failing to execute an online internet bid or forerrors or omissions in connection with this activity.

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Irwin Waldman Biography

Irwin Waldman was born in 1925, in Newark, NJ. He graduated from the Wharton School of Business andFinance at the University of Pennsylvania and served as an officer in the United States Navy. In subsequent years,he studied both real estate and mortgages and became a registered securities licensee. In the 1980’s, he obtainedthe designation of Certified Insurance Counselor and was the owner of an independent insurance agency in New Jersey. He has served as Chairman of the Board of various corporations and businesses, President ofselected organizations, and Advisor to various service groups. He has been a devoted husband for over 60 yearsand has a son and two grandchildren.

For most of his adult life, Irwin has been deeply involved with variousservice organizations and has donated much of his time to charitablework. In 1948, Mr. Waldman became a co-founder of the Orange, NJLions Club and served in every office—including President—for manyyears. In 1957, Irwin became a Mason and has since devoted over 50 yearsto Freemasonry. He has sat on all Lodge Committees and has been an integral part of several Lodges in New Jersey. In the 1960s, Irwinorganized a Masonic Scholarship Fund which has enabled hundreds ofstudents to attend colleges of their choice. Over the decades, he has alsobecome very active with NJ Grand Lodge activities and has been a key partof the inception, maintenance and mergers of various Lodges throughoutthe state.

Over the years, Irwin Waldman has been an avid collector of many diverseitems, but his greatest passion has been coins, currency and bullion. He has devoted much of his adult life to the research, the study, the timing and the acquisition of a premier collection. The WaldmanCollection is a culmination of his life’s work and passion and he is proudto share it with you.

www.SpinkSmythe.com


Irwin Waldman

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MAIL BID FORMName (please print) ________________________________________________________

Company Name __________________________________________________________

Address __________________________________________________________________

City, State, Zip ____________________________________________________________

Daytime Phone__________________________ Evening Phone __________________

FAX No.__________________________ E-mail: ______________________________

Lot # Bid Amt. $ Lot # Bid Amt. $ Lot # Bid Amt. $

Signature: __________________________________________________________Date: ____________________I have read and agreed to all the Terms and Conditions of Sale for this catalog and authorize the charging of my card.

Dealer References: (list city, state, zip, & phone)

________________________________________________________________

________________________________________________________________

________________________________________________________________

� Check here if you wish to limit your total amount of purchases.(Hammer Price Only)

Limit total: $ ____________________________

If Necessary, please increase my bid by:

� 10% � 20% � 30%

Tear Here & Return In Enclosed En

velope

3100 Monticello Ave., Suite 925, Dallas, TX 75205Toll Free: 1-800-556-7826

Fax: (972) 788-2788 � Phone: (972) 788-2100E-mail: [email protected]

The Waldman CollectionProof Indian Quarter Eagles

and Other Important Numismatic Properties

Name (on credit card)______________________________________________________

Card Number: Exp. Date:

Security Code:

Please note there is a 20% buyer’s premium added to the hammer price of each lot up to and including $2,000.00and 15% of the excess of the hammer price above $2,000.00. SPINK offers clients the option of paying by creditcards in United States Dollars for a convenience charge of two percent (2%) up to a total of $20,000.00.

To ensure that bids will be accepted and delivery oflots not delayed, bidders not yet known to SpinkShreves should supply a list of Dealer References.SPINK offers clients the option of paying by creditcards in United States Dollars for a convenience chargeof two percent (2%) up to a total of $20,000.00.

Sale #310

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Lot # Bid Amt. $ Lot # Bid Amt. $ Lot # Bid Amt. $

BIDDING INCREMENTSThe auctioneer generally advances the bidding in the following incremental amounts:Up to $100 ..........................................by $5 $7,500 to $15,000.....................by $500$100 to $300........................................by $10 $15,000 to $30,000...................by $1,000$300 to $750........................................by $25 $30,000 to $75,000...................by $2,500$750 to $1,500 ....................................by $50 $75,000 to $150,000.................by $5,000$1,500 to $3,000..................................by $100 $150,000 to $300,000...............by $10,000$3,000 to $7,500..................................by $250 $300,000+..........at auctioneer’s discretionPlease note, however, that the auctioneer may, in his or her sole discretion, vary the bidding increments during the course of the auction to expedite the bidding.A number of our most successful bidders telephone us prior to our auctions to ask for bidding advice, opening bids and for pre-sale estimates on selected lots. We welcome your call to answer any questions youhave or to help you in preparing your bids. Please ask for Stephen Goldsmith for currency; Matt Orsini forcoins; and Robert Litzenberger for autographs and stocks & bonds. 972-788-2100 or 800-556-7826.

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Spink Smythe is honored to announce The Waldman Collection of Proof Indian Quarter Eagles and other ImportantNumismatic Properties. With this collection’s glittering golden focus, singling out a particular portion as particularlyappealing is a real challenge, but after due deliberation, the Proof Quarter Eagles’ shine too brightly to ignore their collective significance. The reason – this group is one-in-a-million, literally.

In numismatic circles, Proof gold equates to the finest symbols of luxury. Think Tiffany. Think Patek Philippe. ThinkRolls Royce. Think rarity, quality and esthetic appeal. Proof gold coins were usually issued in extremely limited quantities,and strikings were often made specifically at the request of societies most privileged personages. Because of their strong tieto affluence, these Proof gold coins are highly cherished collectibles. They have withstood the test of time and remain a“brand” within numismatics that retains ultimate prestige.

The Proof Indian Quarter Eagle series is even more compelling. Designed by Bela Lyon Pratt at the behest of PresidentTheodore Roosevelt himself, the Proof Indian Quarter Eagle, with its revolutionary incused design, was produced over aneight year span from 1908 to 1915, and is considered by many to be among the most visually stimulating American coins.

Two finishes are distinguishable in the series, both up till that time unused on American coinage. In 1908, and continuingfrom 1911 through 1915, the mint produced the “matte” type characterized by a coarse pebble-like texture that lacked significant luster with a color that is often compared to a mustard-yellow. In 1909 and 1910, the mint produced a“Roman” finish that while similar to the matte type, showcased greater luster.

Date Mintage Waldman Collection Specimen

1908 $2.5 236 NGC PR671909 $2.5 139 NGC PR651910 $2.5 682 NGC PR651911 $2.5 191 NGC PR681912 $2.5 197 NGC PR661913 $2.5 165 NGC PR661914 $2.5 117 NGC PR671915 $2.5 100 -------

While no reliable source exists to determine the number of coin collectors in the world, estimates for the United States generally range from 1 to 1.5 million. World collectors obviously only multiply this number. While this base of collectorsincludes many different disciplines, the facts remain unalterable – millions of collectors participate in the hobby, and that is what makes the Waldman Collection of Proof Quarter Eagles so remarkable. Each Proof Quarter Eagle, on its own merits, is extremely scarce, and endlessly collectible. Each further example added to the collection only multiples the oddsof improbability. Because of the shear difficulty of doing so, the acquisition of a sole specimen for type placement is, andwill continue to be, a pursuit of many collectors. This pursuit leaves very few examples available for set completion. As theWaldman Collection illustrates, even with time and resources, set completion isn’t guaranteed, as the current assemblagelacks the ultra-elusive 1915 end-cap to the series. With great confidence we can say that no more than a few complete sets reside in private hands, with nearly as few having the completeness seen in The Waldman Collection. Given the largenumber of collectors, and the existence of such a scant number of comparable collections, we confidently exclaim the assembly of proof Quarter Eagles within The Waldman Collection as a “one-in-a-million” accomplishment.

Alongside these wonderful proof rarities, The Waldman Collection also contains a wide variety of other collectible types atall budget ranges. We sincerely hope that you will find the catalog as enjoyable to peruse as we did to produce and see itfit to carry on the collection’s legacy by making an example your own. As is always the case, we welcome any and all feed-back and look forward to meeting many of you at our viewings in Dallas, the Chicago ANA and at the sale in New York.

All the best,

Stephen Goldsmith Matthew M. OrsiniSenior Vice President Vice President

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Order of Sale

SESSION 1

Liberty Quarter Eagles ..............................................................................................1-3

Indian Quarter Eagles..............................................................................................4-30

Proof Indian Quarter Eagles ..................................................................................31-37

Three Dollar Gold ................................................................................................38-40

Early Half Eagles ........................................................................................................41

Liberty Half Eagles................................................................................................42-44

Indian Half Eagles ................................................................................................45-66

Liberty Eagles........................................................................................................67-71

Indian Eagles ........................................................................................................72-89

Liberty Double Eagles ........................................................................................90-146

Saint Gaudens Double Eagles ............................................................................147-154

Seated Liberty Half Dollars................................................................................155-159

Walking Liberty Half Dollars ....................................................................................160

Morgan Dollars ................................................................................................161-166

Commemorative Silver ......................................................................................167-211

Commemorative Gold ..............................................................................................212

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Liberty Quarter Eagles

1

1 1903 2.5 Dollars. PCGS MS66. Common as adate, but superb as a type representative and scarce atsuch a lofty grade. The true beauty of the design isenhanced by surfaces that are almost flawless and astrike that imparts intricate knife-like definitionthroughout. Honey-gold color sits as a base, with theaddition of soft copper-peach patina that delicatelysweeps over the centers of both sides. (photo)

Est. 1,500-1,700

2

2 1903 2.5 Dollars. PCGS MS62. Premium qualityfor the grade, with radiant luster in the fields and fewsignificant marks. Housed in a green first-generationPCGS holder. (photo) Est. 400-600

3

3 1905 2.5 Dollars. PCGS MS63. Beaming lusteradorns both sides with a noticeably hammered strikethat is apparent from the fully struck up hair coils ofLiberty to the peripheral stars that maintain sharpdefinition to their centers. Several minor copperspecks are noted for accuracy’s sake. Housed in anolder green PCGS holder. (photo) Est. 500-700

Indian Quarter Eagles

4

4 1908 2.5 Dollars. NGC MS63. A first-year of typeissue with a mintage of 565,057 that sits near thetop-end for the series. While the mintage does sug-gest availability at nearly all levels, the 1908 date isactually slightly better at the MS63 level because ofthe highly saved later-date issues. Attractive orangecoloration touches the highpoints and adds a littlepersonality to the coin’s surfaces. (photo)

Est. 600-800

FIRST SESSION

Wednesday, August 31, 2011 - 6:00 p.m.

Lots 1-212

Spink Smythe, New York, NY


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5 1908 2.5 Dollars. AU. Bright with discernable wearon the Eagle’s wings on the reverse. An attractive andaffordable type example that remains housed in anolder green PCI holder graded as MS64.

Est. 200-400

6

6 1908 2.5 Dollars. AU. Briefly in and out of circu-lation with attractive even gold color and no majormarks. A wonderful, eye appealing example that en-hance any type album. (photo) Est. 200-400

7

7 1909 2.5 Dollars. NGC MS63. A slightly betterdate example with population figures that group itwith the 1910 and 1912 dates in terms of availabil-ity. (photo) Est. 800-1000

8

8 1909 2.5 Dollars. AU.Orange-gold colored with abare trace of friction on both side that defines thegrade. (photo) Est. 200-400

9

9 1910 2.5 Dollars. NGC MS63.Untoned through-out and free of eye-distracting abrasions with mod-erate frost in the fields that produces attractiveincandescent luster. The original mintage of 1910Quarter Eagles, just short of 500,000, is in-line withmany others in the series, but in terms of survival atthe Select level, is certainly better, ranking as the fifthscarcest in the series. (photo) Est. 900-1,100

10

10 1910 2.5 Dollars. XF. A pleasing circulated speci-men with honest wear atop the fields and devices. Nomarks of any significance are noted. (photo)

Est. 200-400

11

11 1911 2.5 Dollars. NGC MS63. In juxtapositionwith its Denver Mint counterpart from the same year,1911 Quarter Eagle production at the PhiladelphiaMint represented the highest in the series at 704,191coins. Resultingly, Philadelphia examples carrying the1911 date are often acquired for type as specimensare easily obtainable through the Gem level. Thepresent certainly qualifies as type-worthy, with evenyellow-gold surfaces no major abrasions that indi-vidually draw the eye’s ire. (photo) Est. 500-700



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Select Key Date Issue

12

12 1911-D 2.5 Dollars. NGC MS63.One of only three Denver-mint issues in the Indian Quar-ter Eagle series, the 1911-D stands far above other dates as the undisputed key. With a mintageof only 55,680 coins, the date dwarfs its siblings with the next scarcest issue in terms of mintage(and likely survival) being the 1914 with a mintage of 240,117 pieces. Because of its relativeunavailability, the 1911-D is avidly collected at all grade levels. Select and finer specimens aretruly scarce in the marketplace. The surfaces of the present example, like a majority of the sur-viving mintage, maintain bold luster in the fields and sharp detail within the incuse design. Un-like many survivors however, the mintmark, which is often weak, or even faint on manyexamples, remains strong and is easily apparent. For the collector endeavoring to collect a Se-lect set or key-date collection, the current specimen is clearly compelling. (photo - enlarged)

Est. 13,000-15,000


13

13 1911-D 2.5 Dollars. NGC AU58. A second ex-ample of this popular key date issue. Lightly circu-lated, the surfaces maintain a bright appearance withonly minute softening, hidden to the unaided eyeand ultimately defining the grade. The strike is boldlyimparted in the centers, but like much of the surviv-ing mintage, the peripheral mintmark is a trifle weak.Ideal for mid-level set inclusion. (photo - enlarged)

Est. 4,000-5,000

14

14 1913 2.5 Dollars. NGC MS63. Set in attractive or-ange-gold with bold definition that clearly revealsevery design detail down to the Indian’s headband.An incredibly scarce date at the Gem level; avidly col-lected at the more affordable Select level. (photo)

Est. 500-700

15

15 1914-D 2.5 Dollars. PCGS MS63. A gorgeouslypresented example with dramatic yellow-orange ton-ing that envelops the underlying surfaces. A slightlybetter date at the MS63 level, and one of only threeD-mint issues in the Indian Quarter Eagle series.(photo) Est. 900-1,100

16

16 1915 2.5 Dollars. PCGS MS63. Intricately de-tailed, with bright shimmering luster atop even or-ange-gold surfaces. Magnification reveals relativelyfew abrasions and certainly qualifies the present spec-imen at the high end of the Select grade level.(photo) Est. 500-700

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17

17 1925-D 2.5 Dollars. PCGS MS64. The final D-Mint issue of the Quarter Eagle series. This date sawa mintage just over half a million, and remains as themost available Denver issue. As a near-Gem however,the type remains highly prized, as the grade leveldoesn’t allow for many of the imperfections that areappropriate at the Select level. The current specimen,just a hair away from Gem, is bright orange-gold inappearance with coruscating luster that dancesaround the fields. A single mark on Liberty’s cheekand minor incompleteness in the centers may haveprecluded the coveted finer grade. (photo)

Est. 700-900

18

18 1925-D 2.5 Dollars. PCGS MS63. Showcasing theeye appeal of the next grade level with no immedi-ately identifiable contact marks or grade-diminishingflaws on either the obverse or reverse. Even honey-gold color rounds out the appeal of this delightfulIndian. Housed in an older green PCGS holder.(photo) Est. 500-700

19

19 1925-D 2.5 Dollars. PCGS MS63. Minor marksin the field to the left of the Indian’s head precludethe near-Gem level, but eye appeal remains strongdue to the infusion of peach-copper color that variesin intensity across both sides. (photo) Est. 500-700

20

20 1925-D 2.5 Dollars. Uncirculated. A bright wellstruck specimen with the typical slide marks that ac-company this raised-field type. (photo) Est. 300-500

21

21 1926 2.5 Dollars. PCGS MS64. While the 1926$2.5 realized only a middle-of-the-line mintage of446,000 coins, the appearance of near-Gem speci-mens occurs with the second most frequency in theseries. For that reason, the date is often collected fortype. The present representative confirms what makesthe date a desirable one, as the luster is thick on bothsides and the strike is complete from the inside out.Central motifs that remain free of post-strike prob-lems add to the appeal. (photo) Est. 700-900

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22

22 1926 2.5 Dollars. PCGS MS63. Boldly definedwith hints of rose, sky-blue, and lilac that presentthemselves as a result of the copper alloy within thegold. A premium example that lacks the one or twofocally apparent marks that often define the gradelevel. (photo) Est. 500-700

23

23 1927 2.5 Dollars. NGC MS64. Frosty luster trav-erses the fields with pinpoint definition within thedevices. Light golden coloration completes the ap-peal on this lovely near-Gem type example. (photo)

Est. 700-900

24

24 1927 2.5 Dollars. NGC MS63. Both sides areawash with attractive straw-gold color and thick lus-ter that is characteristic of later date Quarter Eagles.The strike is uniformly well rendered on both sideswith light marks of little visual significance. (photo)

Est. 500-700

25

25 1928 2.5 Dollars. PCGS MS64. A sharply exe-cuted example of this penultimately dated examplein the series. Beyond the strike, the surfaces upholdthe merits of the grade level with only light obser-vances of coin to coin contact and vivid luster. Thecolor also remains particularly appealing as orange-gold and copper-gold intermingle to create wonder-fully unique character. (photo) Est. 700-900

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26

26 1928 2.5 Dollars. NGC MS63. A borderline near-Gem with surfaces that showcase an even honey-goldappearance and fewer instances of slide abrasionsthan are typical at the grade level. (photo)

Est. 500-700

27

27 1928 2.5 Dollars. Uncirculated Details, Polished.Bright from having been lightly polished in the pastwith several light marks in the fields. (photo)

Est. 200-400

28

28 1929 2.5 Dollars. PCGS MS64. Set in attractivebright orange-gold with striking detail that is ad-mirably full. The surfaces, as the connoisseur surelydemands from the grade level, maintain an appropri-ately lofty level of preservation, and no abrasionsworthy of individual mention. The coin exhibits thesharpness that was surely intended from Bela LyonPratt. The final year of production for the IndianQuarter Eagle series, and for 2.5 dollar gold as awhole. (photo) Est. 700-900

29

29 1929 2.5 Dollars. NGC MS63. Thick luster trav-erses both sides with light marks that are scatteredabout. An attractive representative of the date thatserved as the bookend to the popular and widely col-lected Indian Quarter Eagle series. (photo)

Est. 500-700

30

30 1929 2.5 Dollars. PCGS MS62. Blushes of billowycopper color grace portions of both sides and alongwith booming luster, capture the eye’s attention.While several light marks are apparent, the surfacesappear unusually well kept for the grade. Housed ina first-generation PCGS holder. (photo)

Est. 400-600

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Page 9

Proof Indian Quarter Eagles

Timeless First-Year Matte Proof $2.5

31

31 1908 Indian 2.5 Dollars. NGC PR67. Mintage: 236. At the behest of President Roosevelt,the nation’s coinage began a startling reform in 1907 with Bela Lyon Pratt, a heralded Amer-ican sculptor, having been chosen to design the new Quarter Eagle and Half Eagle. While notexecuted until 1908, the result was a type that up till that time was a departure from all previ-ous types - both obverse and reverse would depict an incuse design with an Indian on the ob-verse and an eagle on the reverse. 1908 also marked a departure from the norm with respectthe proof production of this type. For the first time, the Mint would deviate from the produc-tion of brilliant proofs, and opt to produce proofs with a more granular appearance.

The 1908 Quarter Eagle, produced with what is today considered to be a “matte” finish, isdeeply granular in the fields with no definable contrast between the fields and incuse devices.The surfaces, largely free of luster, are uniform in appearance with a rich olive-gold appearance.As is often the case with matte proofs, the pebbly surfaces have done an admirable job of pro-tecting the surfaces with immediate inspection yielding no major distractions. Magnified view-ing confirms intricately detailed devices with pristine obverse surfaces. A couple of minusculemarks, essentially invisible to the eye, sit to the left of the eagle’s beak on the reverse and pre-vent finer certification. While all proof gold holds significant numismatic rarity importance, thepresent specimen deserves heightened attention, not only for its stellar overall presentation,but for its ushering in of a new numismatic type. For the collector that endeavors to accomplisha feat as admirable as that found inside The Waldman Collection, the present coin is undoubt-edly the starting point. NGC Population: 28 in PR67, none finer. (photo) Est. 20,000-25,000



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Stunning “Roman Finish” Proof

32

32 1909 2.5 Dollars. NGC PR65. Mintage: 139. A year after the introduction of the IndianQuarter Eagle series and the new Matte proof production techniques, the Mint made a change.Likely the result of collectors reacting to the polar change from mirrored proof production toessentially luster-void production; a “Roman” finish was introduced. Characteristics of strikingwas a compromise between the two types with satiny luster that often held a shallow proof-likegleam. As a result of the psychologically significant second-year slump in interest, and the afore-mentioned general collector dislike of the appearance of 1908-dated proofs, the mintage fell sig-nificantly in 1909 and today, certification data suggest that 1909-dated examples, despite amintage that surpasses the 1914 and 1915 proofs, might indeed be the rarest date in the series.In fact, the change in production technique to a more “open” coin, as well as a spreading ofthe mintage to a perhaps less-educated collector group did result in the 1909 being “far andaway the most difficult issue to find in PF-64 or higher grades, “according to Jeff Garrett andRon Guth in their Encyclopedia of U.S. Gold Coins.

The present Gem proof is an outstanding testament to the merits of this short-lived, but note-worthy change in striking technique. Unlike the previous year’s production, the intricate designdetail is knife-like, and compromises nothing in terms of crispness. The surfaces possess a glowunlike that previously seen, and they illuminate the eye when rotated under a light. While nomarks of great significance are present, a couple of pinpoint ticks are noted in front of the In-dian’s nose on the obverse. The nearly microscopic accompaniment of wispy handling marks isevident upon concentrated inspection and further defines the grade. Truly a beautiful speci-men and an opportunity of epic proportion for the specialist. NGC Population: 10 in PR65, 7finer. (photo)

Est. 25,000-30,000


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Gleaming Gem Proof Indian Quarter Eagle

33

33 1910 2.5 Dollars. NGC PR65. Mintage: 682. A mintage of 682 coins suggests the date asthe most plentiful in the proof series, but it is more than likely that many of these coins wentunsold and were eventually melted. If fact, population data suggest that the 1910 proof is thesecond most available date, with the 1908, even with a mintage nearly 1/3rd the amount, ap-pearing more often on the market. For the reason that the 1908 date is generally darker incolor, the 1910, often accompanied by bright yellow-gold color and the attractive “Roman” fin-ish, is often the collector’s choice for type representation.

The current Gem fully upholds the character of this two-year “Roman” type with satiny texturein the fields that allows for a more fluid luster than that found on the matte type. As is oftenthe case with examples of this finish, inspection with a loupe reveals minor wispy handling inthe reverse fields that aren’t readily visible, but prevent a finer grade. The obverse, nicer thanthe reverse, only holds microscopic imperfections. As is typical of the “Roman” type, the strikeshowcases knife-like sharpness with full definition down to the most intricate detail. In all, a gor-geous and scarce example of this much sought-after coin. NGC Population: 25 in PR65, 43finer. (photo) Est. 15,000-18,000


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Pristine 1911 Proof $2.5, NGC PR68

34

34 1911 2.5 Dollars. NGC PR68. Mintage: 191. After a brief departure to the experimentalproof “Roman” finish Quarter Eagles in 1909 and 1910, the Mint returned to the matte fin-ish in 1911. While not often as dark, the date, much like the 1908 proof, is often encounteredwith a color that skews towards an olive or brown-gold hue. The surfaces however appear coarserthan the previous archetype with texture comparable to sandpaper.

The present coin, unlike most examples of the date, is set in gorgeous bright yellow-gold, withthe customary matte texture within the fields and devices that emit above-average sparkle. Asa result of the matte proof production process, some design detail is necessarily incomplete withthe Indian’s headdress and the eagle’s breast feathers being areas worthy of particular mention.Inspection with a loupe finds only essentially unperceptible grazes that are viewable at sharp an-gles beneath a light.

As one might be able to anticipate from the stratospheric condition of the present example,similar offerings at auction are truly rare events. When taking all into context, considering thatonly 191 examples of this date were originally coined, then factoring in an attrition rate that islikely around 20-30 coins, and finally taking into account the unsurpassable condition and eye-appeal that exists within the present proof, one must consider it among the more important sin-gle coins in the entire series. An example worthy of the finest Quarter Eagle collection. NGCPopulation: 12 in PR68, none finer. (photo) Est. 40,000-50,000


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Seldom Rivaled Premium Gem Proof

35

35 1912 2.5 Dollars. NGC PR66.Mintage: 197. Apparently difficult to replicate, the matte sur-faces of all proof Indian Quarter Eagles varied with every new issue. The 1912-dated proofs areno exception, and may rank as the most visually stunning in the series. Upon magnified in-spection, a fine sandblast texture becomes apparent with all of the granular facets brilliantly re-fracting the light. The color is typical of most matte proof coinage and is classicly described asmustard-yellow. As is the case with most of the series, the population of survivors appears to beconsiderably less than the mintage would suggest with the major certification services havingonly graded 81 examples to date and a hypothesized population around 100.

The current premium Gem, as is often the case of the date, was carefully handled after mintingand remains nicely preserved. While not quite to the extent of the 1908-dated coins, close in-spection yields some loss of the central detail as a result of the production technique. The ob-verse surfaces, are refreshingly clean and as near flawless as possible. The reverse, defining thegrade, has several thin grazes that originate near STATES and move towards the eagle’s beak.A delightful specimen that is rarely available in any grade. NGC Population: 24 in PR66, 10finer. (photo) Est. 20,000-25,000


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36

36 1913 2.5 Dollars. NGC PR66. Mintage: 165. The surfaces of the 1913 matte proof Quar-ter Eagle often compare similarly to the previous year’s issue, with fields that consist of sand-blast-like granularity and result in an attractive satin appearance. Also similar to the 1912 proofissue, the survival appears to be less than 100 with population data yielding 81 examples for1912 and 90 for 1913 proof. Survivors are generally well cared for.

This premium Gem example is characteristic of the date with the surfaces that are confirmed asmicro-granular with the aid of magnification. Aside from a couple fine grazes at the truncationof the Indian’s neck, the obverse is essentially pristine, as the incuse devices are well struck withelaborately detailed devices. The reverse is similar in definition, with typical evidence of mi-nuscule wispy contact in the raised fields that defines the grade. Attractive yellow-gold colorcompletes the appeal. An ideal example for type that maintains exemplary presentation. NGCPopulation: 26 in PR66, 14 finer. (photo) Est. 20,000-25,000


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Low-Mintage Superb Gem 1914 Quarter Eagle Proof

37

37 1914 2.5 Dollars. NGC PR67. Mintage: 117. Among the rarest of the proof Indian QuarterEagle series, the 1914 only surpasses the 1915 in terms of mintage. Perhaps 1909 and 1915dated examples are the only rivals in terms of survival rarity, with the presumed population forthe 1914 date somewhere in the 70 to 90 range. Examples typically exist with a sandblast fin-ish that is coarse, and has a slightly darker color. Unlike other dates that were well cared for post-striking, the overwhelming majority of examples certified exist at the near-Gem and Gem level.

Upon close inspection of the present Superb Proof example, one can easily classify it as an anom-aly that doesn’t match the characteristics of the majority. The texture of the fields appears moresatiny than sandblast and as a result, the intricate detail loses minimal crispness. The color, whiledarker than the previous year, in no way compares to the often maligned 1908 date and in ac-tually is very attractive. The surface quality, in contrast with the majority, is what makes thepresent example truly remarkable, as it is visually pristine. Overall, a special coin that is worthyof the often over-used, but rarely appropriate “breathtaking” descriptor. NGC Population: 12in PR67, 4 finer. (photo) Est. 25,000-30,000


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Three Dollar Gold

38

38 1854 3 Dollars. NGC MS61. The Act of February21, 1853 set the stage for the production of the threedollar gold piece, and the following year saw aPhiladelphia Mint coining 138,618 examples withbranch mint production at the Dahlonega and NewOrleans Mints. The current specimen, highly desiredby first-year type collectors, maintains fully detailedsurfaces with luster that is primarily frosted, but con-tains hints of prooflike gleam along portions of theobverse legends. A premium example that would notlook out of place as a higher graded specimen.(photo) Est. 1,500-1,800

39

39 1854 3 Dollars. XF. A nicely detailed first-year ex-ample with bits of luster along the peripheries andconsiderable detail left in the devices. Interestingly,the world “DOLLARS” on the reverse is larger onthe $3 gold pieces minted from 1855-1889, making1854 an easily distinguishable single-year design.(photo) Est. 300-500

40

40 1880 3 Dollars. NGC MS62.Mintage: 1,036. Thethree dollar gold piece largely proved to be an un-popular denomination, and relatively few saw heavycirculation. In response to this lack of acceptance, theMint, after several attempts at pushing the denomi-nation to the masses, admitted failure with dwindlingmintages during the last decade of production thatsaw no annual mintage in excess of 6,500 examples.Today, because of its odd-ball domination, lowmintage figures, heavy use in jewelry, and melting,many dates remain quite scarce, with an associatedallure to the series that is seldom rivaled in Americannumismatics. The present example, coined within thefinal decade of reduced strikings, saw a mintage thatjust eclipsed 1,000 coins, with survivors likely num-bering around 350. Like many of the undamagedsurvivors, the present example maintains strongprooflikeness in the fields as a result of the use offresh dies. The strike on this example is fully im-parted, with completeness in the reverse wreathwhere crispness is often lacking. Splashes of attrac-tive orange-gold patina adorn both sides and roundsout the superb eye appeal. An ideal specimen for thehigh-end type collector, and a seldom-offered datefor the specialist endeavoring to assemble a set.(photo - enlarged) Est. 4,000-5,000

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Early Half Eagles

Mint State Capped Bust $5

41

41 1812 “Close 5” 5 Dollars. NGC MS60. Breen-6465, BD-2, R.4. Mintage: 55,087. The1812 Capped Bust Left Half Eagle, the final year of the type, employed the usage of two re-verse dies and a single obverse die. The reverse dies, easily distinguishable from each other,show a significant variance in the spacing between the “5” and “D.” in the denomination, cre-ating a “Close 5” and “Wide 5” variety. The present specimen, the scarcer of the two, showsthe closer spacing that is further identified by the placement of the I in PLURIBUS under-neath the right side of the T is STATES. Close inspection of the present mint state example re-veals a strong strike that is complete in all areas except for a small area around 9 o’clock on theobverse where planchet striations (as-made) still reside and the stars show some central softness.As the grade suggests, some scuffiness is present in the fields, but no large marks individuallydeter the eye appeal or impede the luster. Magnification further confirms the designation as nowear is identifiable. The specialist will undoubtedly recognize the scarcity and desirability ofearly gold at any level of mint state, making this specimen a relatively affordable way for the en-thusiast to obtain a wonderfully preserved example of this early American gold type. (photo -enlarged) Est. 6,000-8,000

Page 23



Liberty Half Eagles

42

42 1899 5 Dollars. PCGS MS62. Well struck withsharply defined device detail on both sides, andbright luster in the fields. An affordable example thatwill surely be attractive to the budgeted type collec-tor or investor. Housed in an first-generation PCGSholder. (photo) Est. 400-600

43

43 1900 5 Dollars. Uncirculated. A lovely turn of thecentury example with a strike that remains just shortof full and bright honey-gold color in the fields.Light marks on Liberty’s portrait prevent a Selectdesignation. (photo) Est. 300-500

44

44 1908 Liberty 5 Dollars. PCGS MS63. Flashy lus-ter rotates the devices on this final year Coronet HalfEagle. While not uncommon below the premiumGem level, the present is more than acceptable as atype example, with eye appeal comparable to coinsoften encountered at the near-Gem grade. Housedin an early green PCGS holder. (photo)

Est. 600-800

Indian Half Eagles

45

45 1908 Indian 5 Dollars. NGC MS61. Appealingfor the grade, with surfaces that hold full detail andonly minor unobtrusive marks. A first-year issue ofthis desirable type. (photo) Est. 500-700

46

46 1908 Indian 5 Dollars. Choice AU. While certi-fied by PCI at the MS64 level, closer inspectionseems to indicate that this coin is a high-end AU ex-ample with a delicate wisp of friction on the raisedfields that would prevent an Uncirculated classifica-tion by one of the major grading services. Still, a niceproblem-free example that is void of major marks.(photo) Est. 300-500

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47

47 1908-D Indian 5 Dollars. NGC MS64. Becauseof the beautiful Bela Lyon Pratt rendition of an In-dian, the attractive size of the five dollar denomina-tion, as well as the scarcity of many of the issues, theIndian Quarter Eagle series is among the most avidlysought types in numismatics, by collectors and non-collectors alike. In near-Gem condition, these factorsare only amplified, as one might say that the near-Gem level is the apex of collectibility for the the type- maintaining superior eye appeal while still being af-fordable. As the grade suggests, the surfaces of thisD-Mint near-Gem remain wonderfully preserved,with notable intricacy in the strike, and glittery lus-ter in the fields. The combination of vibrant orange-gold color and limited marks add to the appeal, andqualify the present example as premium for the gradelevel. (photo) Est. 2,000-2,500

48

48 1908-D Indian 5 Dollars. NGC MS64. Relativelyobtainable in low mint state grades, the 1908-DQuarter Eagle becomes quite scarce at the near-Gemlevel, and downright rare and expensive (a significantfive-figure coin) at the Gem grade. The present Five,one of 148,000 coined at the Denver Mint that year,is bright, with vivid luster that swirls around thefields. Abrasions are far fewer than is typical for thetype, with only minor field contact that fails to limitthe underlying eye appeal. A wonderful examplefrom this broadly collected series. (photo)

Est. 2,000-2,500

49

49 1909 5 Dollars. NGC MS63. An eye-appealing Se-lect specimen with even light golden surfaces thatsparkle as a result of fine granularly in the fields. Awonderful representative for the type collector, asonly trivial scuffiness is apparent even with the aid ofmagnification. (photo) Est. 1,100-1,300

50

50 1909-D 5 Dollars. PCGS MS63. Exceptionallywell struck for the Indian Five types with shimmer-ing satin luster that encircles the obverse and reversecentral design. A dearth of contact marks confirmspremium quality, and should draw attention as an up-grade candidate. Housed in an older green PCGSholder. (photo) Est. 1,000-1,200

51

51 1909-D 5 Dollars. PCGS MS62. The most plenti-ful date in the series, the 1909-D had a mintage of3,423,560 - over 2 million more than the next mostplentiful date. Satiny luster adorns both sides withfiery orange-gold sitting atop honey colored goldensurfaces. A lack of marks on the obverse suggests afiner grade. Housed in a first-generation PCGSholder. (photo) Est. 600-800

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52

52 1910 5 Dollars. NGC MS63. While considered acommon date with a mintage of 604,250, on the rel-ative basis, no Indian Half Eagle is common, withthe census data for the date revealing increasingscarcity at MS63 level and above. As is typical of earlyPhiladelphia Mint issues, the surfaces are finely gran-ular resulting in an enchanting sparkling luster in thefields. Light marks, that are acceptable for the Selectgrade, reside in the fields, but don’t significantly at-tract the eye’s attention. (photo) Est. 1,300-1,500

53

53 1910-D 5 Dollars. NGC MS63. From an originalmintage of 193,600, this Select D-Mint example isconsidered better at any level, with only a few hun-dred examples to satisfy collector demand at theMS63 level, and just over 60 finer. Evidently handledcarefully though the ages, the present example showsonly minor luster grazes, primarily on the reverse,and undeniably original rose and light blue col-oration that sporadically touches the surfaces. Aseemingly underappreciated date at the Select levelgiven the total population of survivors for the dateand number of examples obtainable in higher grades.(photo) Est. 2,000-2,500

54

54 1911 5 Dollars. AU Details, Cleaned. Bright froma past cleaning with nearly full detail remaining. Anaffordable example for type inclusion. (photo)

Est. 300-500

55

55 1911 5 Dollars. PCGS MS63. Considered a com-mon date, with a mintage near one million, and as aresult it is frequently sought-after date for type in-clusion. Close inspection confirms the dates worthi-ness as such, with meticulous striking detail thatdefines all the eagle’s feathers right out to the often-mushy tips, and boldly lustrous fields with only slightevidence of contact. Bold eye-catching apricot-goldpatina touches portions of both sides and, completesthe appeal, confirming this example as premium forthe grade level. (photo) Est. 1,100-1,300

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56

56 1911-S 5 Dollars. PCGS MS63. The mintage of1,416,000, the second highest in the series, suggesta common date, but population data confirms oth-erwise; much of the original mintage liking saw heavymelting in the 1930s. As a result, most examples nowreside at the About Uncirculated to lower Mint Statelevel. Select examples are extremely scarce, withPCGS only having graded 186 at the MS63 gradeand only 27 finer. Factor in resubmissions, and boththose numbers are reduced further. The current spec-imen typifies the Select grade level, with even and at-tractive golden color, a strike that nears complete,vibrant luster than dances around the central devices,and only light flyspeck marks. A wonderful opportu-nity for the specialist that desires to accomplish theadmirable task of set completion. (photo)

Est. 3,500-4,000

57

57 1912 5 Dollars. PCGS MS63. A desirable type ex-ample from this demanded series, with appealingswaths of rich orange-gold patina over typicallyabraded surfaces. The strike is impressively rendered,with intricate detail in the Indian’s headdress, as wellas in the reverse Indian’s feathers. Light marks, noneof singular significance, define the grade. (photo)

Est. 1,200-1,400

58

58 1912-S 5 Dollars. NGC MS62.While the originalmintage of 392,000 coins seems to suggest readyavailability, even circulated examples of this S-Mintdate aren’t among the most common in the serieswith Mint State examples being tough at any level,and truly rare at the Select grade and above. Thepresent example, an unquestionably original speci-men, holds the appearance of a coin that was storedin bank vaults for decades, only to obtain a “dirty”gold look with minor patches of soot-colored settle-ments over both the obverse and reverse fields. Thestrike, often incomplete, is well defined through theIndian’s headdress and reverse Indian’s feathers, andconfirms the Uncirculated designation. (photo - en-larged) Est. 4,000-5,000

59

59 1913 5 Dollars. PCGS MS63. A phenomenally ap-pealing Select Five, with lightly marked surfaces thatpresent light but noticeable rose and sky-blue toningat sporadic intervals. For the lover of originality inthe form of nicely toned gold, the present examplespeaks loudly. (photo) Est. 1,300-1,500



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Challenging S-Mint Near-Gem

60

60 1913-S 5 Dollars. PCGS MS64. Much like many of the San Francisco Indian Half Eagle’s,the attrition rate for the 1913-S Five was particularly high making Uncirculated specimens a keyto the series in any grade. Near-Gems, such as the present coin, are truly rare items with around20 extant. Only three or four Gems have survived with two specimens having been graded atthat level by PCGS; one MS65 and one MS66. The present example, much like many of theothers that survive at the Mint State level, confirms that the date was fairly well produced. Thestrike is above-average for the type, with superior central definition. The mintmark, often seenas a “blob”, reveals some central definition. Luster, often seen as a lacking attribute of the date,is perhaps the most recognizable attribute of this near-Gem as an abundance of flash carries thebreathtaking orange-gold patina to the viewer’s eye. Minor evidence of contact is of little de-terrence. A highly collectible item that has withstood the lessening of rarity that time often re-veals. For the collector attempting to assemble a world class cabinet of Indian Fives, the currentspecimen should be of the greatest interest, as a PCGS-graded MS65 has not surfaced at auc-tion in recent times, and the MS66 sold earlier this year for a staggering $218,500. PCGS Pop-ulation 14 in 64, 2 finer. (photo) Est. 20,000-25,000


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61

61 1914 5 Dollars. NGC MS64.Highly collectible atthe near-Gem level, Gems of the date, as is the casewith most dates in the series, are rarely encountered,and carry a significant five-figure price tag when theyare available. This example, apparently falling just ahair short, holds many if not most of the attributes ofa full Gem as intense inspection yields very fewmarks, copious coruscating luster in the fields, andimpeccable striking detail. Certainly a premium qual-ity example, that is worthy of careful bidding con-sideration. (photo) Est. 2,500-3,000

62

62 1914-D 5 Dollars. PCGS MS63. A slightly betterbranch mint date with a middling mintage of247,000 and a distinct orange-gold color punctuatedby lovely patches of sky-blue patina over portions ofboth sides. The strike is notably full, with complete-ness evident through the centers, and edges thatshow similar definition. Light grazes, as is typical ofthis raised, flat field type, are evident upon close in-spection, and preclude the near-Gem level. (photo)

Est. 1,600-1,900

63

63 1914-S 5 Dollars. PCGS MS62. Like all San Fran-cisco Half Eagles, the 1914-S Five is fairly obtainableat the circulated level with increasing scarcity and de-mand at the uncirculated level. MS63 S-Mint HalfEagles are extremely scarce. The 1914-S is no differ-ent, with a precipitous drop in third-party certifica-tion between the MS62 and MS63 level. Upon closeinspection of the present specimen, a case can cer-tainly be made that establishes quality approachingthat lofty Select level. The eye is drawn to bright or-ange-gold color that blends with a delightful mixtureof crimson patina around the edges. Inspection witha loupe confirms near-complete strike with far above-average fields and shimmering luster due to fine peb-bly surfaces and central devices that show lightcontact here and there. For the collector looking toassemble a complete set, or who is simply aiming toacquire as many nice coins as possible, the presentexample is most certainly worthy of careful consid-eration. (photo - enlarged) Est. 4,000-5,000

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64

64 1915 5 Dollars. NGC MS63. In addition to an in-teresting infusion of reddish-orange and orange-goldpatina that drifts over both sides, shimmering lusterserves to further enrich the eye appeal. Fewer marksthan is typical for the grade qualifying this Half Eagleas high-end, and optimal for inclusion in a type set.(photo) Est. 1,300-1,500

65

65 1916-S 5 Dollars. PCGS MS63. From a mintageof 240,000, Select examples of this San FranciscoMint product are scarce, and infrequently appear onthe marketplace. For the advanced collector of HalfEagles, the current specimen should be particularlyappealing, as an unique blend of green and orange-gold patination touches the surfaces that, even uponinspection with a loupe, showcase much fewer abra-sions than the grade often allows for. Soft luster,while not unnaturally shallow, seems to have at leastplayed a part in preventing the near-Gem designa-tion from PCGS. At any rate, seldom are finer ex-amples offered, and one should expect competitivebidding. (photo - enlarged) Est. 4,000-5,000

Page 31


T E L E P H O N E B I D D I N G

As an added convenience to our bidders in the sale, we offer telephone bidding

during the auction which gives buyers the flexibility they may need to increase

their bids as the auction proceeds. Please call our offices (800-556-7826 or

972-788-2100) to arrange for telephone bidding prior to the sale and

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Rare Date Near-Gem Half Eagle

66

66 1929 5 Dollars. PCGS MS64. The 1929 Half Eagle was the only date issued in the 1920s,and while the mintage of 662,000 coins suggests a plentiful surviving population, most of theoriginal mintage remained in government vaults. When Roosevelt took the United States offthe gold standard in the 1930s, most examples were melted. As a result, most of the several hun-dred survivors, including some that were likely supplied directly to collectors, remain in nearor in Uncirculated condition. Unlike many of the other issues of the series, the 1929 Five holdscreamy luster as opposed to the pebbly satin luster that many of the earlier dates retain. As a re-sult, it can also be argued that this series key is most ideal for type representation. As one mightexpect from the grade, the surfaces of the current example provide the observer with a pre-mium quality appeal. Even upon close inspection, few distractions are visible, with only minorevidence of coin to coin contact in the fields. Vibrant orange patina is visible atop both sides,with underlying orange-gold surfaces. The strike is essentially full. Two small brown specs ofdebris which are visible on the Indian’s chin and upper jaw bone serve as pedigree markers. Forthe collector looking to punctuate their Half Eagle set, or obtain a storied coin that signals theend of an era, the importance of this offering can hardly be overestimated. PCGS Population:97 in 64, 8 finer. (photo) Est. 30,000-35,000


Page 33


Liberty Eagles

67

67 1847-O 10 Dollars. NGC AU55. ex. SS Republic.Luminous yellow-gold coloration adorns this lightlyworn shipwreck recovery Ten, and the strike showsonly trivial incompleteness, primarily visible in thecenters of star 13 on the obverse. A fantastic relic thatshould aid in the storytelling of this legendary side-wheel steamship that was lost off the coast of Geor-gia in 1854 en route to New Orleans. Accompaniedby a Odyssey Marine Exploration presentation boxand certificate of authenticity. (photo)

Est. 800-1,000

68

68 1850 “Small Date” 10 Dollars. PCGS XF45. Alovely early dated Liberty Ten with significant lusterthat clings to the protected areas and a well-blendedarray of abrasions that is typical of the grade level.Housed in an early green PCGS holder. (photo)

Est. 800-1,000

69

69 1870 10 Dollars. PCGS XF40. From a mintage ofonly 4,025 coins, the 1870 Ten remains scarce in allgrades, with a surviving population that likely sitsbelow 200 coins. The present, fully original speci-men, maintains an above-average look for the grade,with flashes of prooflike reflectivity around the leg-ends and a notably intricate strike that should pleaseeven the most demanding collector. Marks, whilepresent, are the result of honest circulation, with noindividual abrasion standing out as bothersome.Housed in an older green PCGS holder. (photo)

Est. 1,300-1,500

70

70 1901 10 Dollars. PCGS MS63. Well struck withall the obverse’s peripheral stars showing bold defi-nition to the center points as well as sharp central de-tail. Minimal contact marks and bright luster seemsto support a higher grade level. Housed in an oldergreen PCGS holder. (photo) Est. 800-1,000

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71

71 1901 10 Dollars. PCGS MS62. Granular surfacescreate thick frosty luster with little evidence of con-tact that would prevent the Select level. Premiumquality for the grade, and ideal for type inclusion.Housed in a first-generation PCGS holder. (photo)

Est. 700-900

Indian Eagles

72

72 1907 No Motto Indian 10 Dollars. PCGS MS63.Vivid orange-gold color graces the centers of thisfirst-year of type issue with legends that remain yel-low-gold in appearance. Not particularly scarce as adate in high grades, but always in high demand.(photo) Est. 2,000-2,500

73

73 1908 No Motto 10 Dollars. Uncirculated Details,Lightly Cleaned - Rims Filed.More than adequateas a type representative with light hairlines thatslightly brighten the surfaces and lower obverse rimsthat, with the aid of magnification, reveal minor fil-ing. (photo) Est. 500-700

Page 35


B I D D I N G A S S I S T A N C E

A number of our most successful bidders telephone us prior to our auctions to ask for bidding advice, opening bids and for pre-sale estimates on selected lots. We welcome your call to answer any

questions you have or to help you in preparing your bids. Please ask for Stephen Goldsmith for currency; Matt Orsini for coins; and Robert Litzenberger for autographs and stocks & bonds.

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Exceptional “No Motto” Ten

74

74 1908-D No Motto 10 Dollars. PCGS MS64. From a mintage of 210,000, the Denver Mint representative of thistwo-year “No Motto” type is considered relatively unavailable at all Mint State levels with examples without significantmarks being extremely scarce. Few, such as the current example, merit near-Gem designation, with numerous “freak” ex-amples existing at and above the Gem level, possibly suggesting immediate placement in early 20th century collections.Inspection of this Eagle confirms the elevated grade with satiny orange-gold fields that convey micro-granularity. Thestrike, while short of full, is rather impressive with detail in the reverse eagle’s feathers showing much crisper than is typ-ical. Sharp marks, as are commonly seen on the type, remain refreshingly absent and result in an overall high-end appeal.An endlessly demanded example that would immediately enhance any cabinet by its inclusion. PCGS Population: 36 in64, 7 finer. (photo - enlarged) Est. 11,000-13,000



Page 37

75

75 1908 Motto 10 Dollars. NGC MS63. A slightlybetter date in the series with above-average lusterthat circles the design and a reasonably well executedstrike that only reveals minor incompleteness on thereverse eagle. A premium quality example for the Se-lect tier, and sure to be pursued for by both type col-lectors and series specialists. (photo)

Est. 2,000-2,500

76

76 1908-D Motto 10 Dollars. PCGS MS63. Whilethe mintage of this date was fairly substantial at836,500, population data suggests mass melting ofthe date with the remaining survivors having beenlargely mishandled, as few examples have made theSelect grade or finer. This present Indian Ten is surelyamong the finer Select examples existent with no ev-idence of significant contact marks on either side andonly minor well-spaced ticks that do little to dimin-ish the look. Vivid orange-gold further helps to de-fine the eye appeal with mild granularity in the fields.(photo - enlarged) Est. 4,500-5,500

77

77 1910 10 Dollars. PCGS MS63. A prototypical ex-ample of the type with admirable definition in thedesign characteristics and gleaming luster in thefields. The absence of major marks confirms a high-end eye appeal. (photo) Est. 900-1,100

78

78 1910-D 10 Dollars. NGC MS63. Granular sur-faces exist within fields that exhibit much fewer ob-verse contact marks than is typical for the grade level.While not a significant concern, several marks arenoted behind the eagle’s head on the reverse and canbe cited as the primary reason why a higher gradewas not assigned. (photo) Est. 800-1,000


Seldom Finer 1910-S Eagle

79

79 1910-S 10 Dollars. PCGS MS63. As is the casewith nearly all San Francisco Mint Indian Tens, Un-circulated examples are highly sought-after and rela-tively few meet the standards of the tier. The qualityinherent in this Select specimen is rarely observedwith luster that swirls around the fields, and exhibitsa yellow-gold base with apricot-gold highlights. Thestrike, as is common on this date, shows some soft-ness, but not to a worrisome level. Challenging atthis grade with only 31 finer graded examples byPCGS. (photo - enlarged) Est. 5,500-6,500

80

80 1911 10 Dollars. PCGS MS63. Well struck witheven color and frosty luster throughout. The date,one of the most frequently available at the Select leveland above, is often collected for type because of its“value” when compared to the 1926 and 1932 datesthat command similar amounts, but have certifiedpopulations multiples higher than the 1911 date.(photo) Est. 700-900

81

81 1912 10 Dollars. NGC MS64. A slightly betterdate in the Indian Ten series and as such, highly de-manded at the near-Gem level with supply that sel-dom meets demand. The surfaces of the presentexample fully conform to near-Gem standards. Vi-brant orange-gold enhances the eye appeal, the de-sign is beautifully rendered as a result of a strongstrike, and several minor marks, mostly confined toLiberty’s cheek, define the grade level. (photo)

Est. 2,000-2,500

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Stunning Select $10

82

82 1912-S 10 Dollars. PCGS MS63. A magnificentcoin for many reasons. Not only are nice S-MintIndian Tens from the teens tough to find at the Se-lect level, but the current specimen is particularlyattractive. A natural blend of apricot patina on bothsides gives the piece immediate eye presence. Fur-ther inspection confirms sparkling luster resultsfrom finely granular surfaces with light wispy marksthat are commenserate with the grade. Given theoverall quality and the infrequency with which finerdesignated examples are encountered, one wouldexpect to see fierce competition for this jewel.(photo - enlarged) Est. 5,000-6,000

83

83 1913 10 Dollars. PCGS MS64. Pebbly luster il-luminates the fields with sharp definition on thecentral motifs, and relatively few marks on eitherside are evident even upon close inspection. Ahigh-end, primarily yellow-gold representative of aslightly better date at the near-Gem grade. (photo)

Est. 1,800-2,000

84

84 1914 10 Dollars. PCGS MS64. Vibrant canary-yellow patina blankets both sides of this near-GemTen with undulating orange-peel texture in thefields that creates an alluring luster. As is often thecase, short marks on Liberty’s cheek and in the leftobverse field account for the grade. A better dateat the Mint State level, and particularly scarce atthe next level. Housed in an early green PCGSholder. (photo) Est. 3,500-4,000

Page 39



85

85 1914-D 10 Dollars. PCGS MS63. Most oftenavailable at lower mint state levels, Select and near-Gem examples of this Denver Mint issue rarely meetGem standards. The current example, solidly withinthe Select level, presents an interesting original arrayof patina with the reverse showcasing a beautifulpalette of sunset-orange coloration while the obverseis composed of more subtle yellow-gold color. Matte-like surfaces disguise many of the marks that wouldotherwise be apparent. (photo) Est. 1,700-1,900

86

86 1915 10 Dollars. PCGS MS63. Exceptionally freshfor the grade, with shimmering luster on both sidesand few marks that impede the eye’s observance ofthe obverse surfaces. Bright orange-gold color bol-sters the appearance with traces of apricot-gold patinathat confirms originality. (photo) Est. 1,400-1,600

Prohibitive Premium Gem Ten

87

87 1926 10 Dollars. NGC MS66. Next to the 1907and 1932 Indian Tens, the 1926 Eagle is the mostcommonly found example at the MS66 level withonly 54 examples to date having merited the desig-nation at NGC. Inspection of this premium Gemconfirms the reason for such a lofty grade as vivid or-ange-gold engulfs the surfaces and there is notablydefined striking detail on both sides. As the gradesuggests, evidence of contact is extremely limited,with a few light ticks gracing the central motifs, nonebeing of overwhelming focal significance. A won-derful opportunity to obtain a date that often sellsfor essentially type price, but in actuality is muchrarer. (photo - enlarged) Est. 5,000-6,000

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L O T S E T T L E M E N T

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88

88 1926 10 Dollars. PCGS MS62. Appropriate fortype inclusion with dappled bright orange-goldpatina atop nicely struck surfaces. Contact is fairlyminimal for the grade with several minor marks inthe left obverse field and on the Indian’s portrait.Housed in a first-generation PCGS holder. (photo)

Est. 700-900

Frosty 1932 $10, NGC MS66

89

89 1932 10 Dollars. NGC MS66. Because of the typ-ical accompaniment of thick frosty luster, later dateIndian Tens, such as the present, are often chosen fortype inclusion; even Gem examples qualifying asplentiful. Premium Gems however, are much scarcer,with relatively few survivors being capable of avoid-ing the sharp contact marks that often accompanythe surfaces. The present example however has man-aged to avoid nearly all such afflictions, and the re-sulting unimpeded luster refreshes the eye. Furtherinspection yields soft undulations in the gold toneconfirming originality and enhancing the eye appeal.(photo - enlarged) Est. 5,000-6,000


Liberty Double Eagles

First Year “In God We Trust” Type

90

90 1866-S Motto 20 Dollars. NGC MS61. As the realization of Manifest Destiny began to takehold, the United States responded to the western move by expanding its coin minting capabil-ities to the rising outposts of New Orleans and San Francisco. By the late 1850s, both mints hadbeen fully established and were striking the majority of the nation’s large gold coins. The 1860sbrought forth another change which had yet to be addressed - the role of God in the contextof the country. Beginning in the early 1860s, pattern coinage started to emerge with varyingreferences to God such as “God Our Trust” and “In God We Trust”. In 1864 the 2-cent coinofficially debuted the “In God We Trust” motto, and the following year, legislation was passedto insure it’s inclusion on all but the nation’s smallest coins where the size wouldn’t allow forinclusion. For the Double Eagles, 1866 marked the first year of the Type Two “with motto”production with the San Francisco Mint striking 842,250 coins.

As a result of heavy usage and significant attrition during gold spikes, examples of this first-yeartype today remain scarce with only a little over 1,100 examples having been certified by the twomajor firms. When encountered, examples typically fall in the VF to XF range, with AU exam-ples being rare. Mint State speciments are extremely prohibitive with nearly all certified exam-ples existing at the MS61 level.

The current example, falling within the truly rare Unciruclated tier is sharply defined for the datewith attractive golden color on both sides. As is common on the grade, luster grazes and cen-tral marks are numerous, but limit themselves in severity. The reverse deserves a split grade withthe appearance of a higher grade. In all, this coin exists as a wonderful transitional issue that callsrepresents the genisis of a motto that this country holds dear till this day. A true piece of Amer-ican and numismatic history and trophy for the collector. NGC Population: 18 in MS61, 3finer. (photo - enlarged) Est. 16,000-18,000


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Page 43

91

91 1867 20 Dollars. NGC MS61.While the MS61 grade level often suggest limited eye appeal,such is far from the case with this Type Two Double Eagle. The surfaces, while evenly marked,are set in bright yellow-gold with astounding effulgence in the fields resulting from even semi-prooflikeness. Lightly cameoed devices even further increase the eye appeal, with admirabledefinition remaining in the strike. An underrated and scarce, relatively low-mintage date that isworthy of significant admiration. (photo)

Est. 4,500-5,500

92

92 1867-S 20 Dollars. NGC AU58. 1867 marked the second year that the now unmistakable“In God We Trust” motto graced American coinage with the San Francisco producing 920,750that year. That mintage, certainly a significant amount, is all but gone today as periods of massmeltings have reduced the total survivors to perhaps around 2,500 with a total certified popu-lation around 1,400. Because of the integral role these large gold coins played in the expand-ing commerce, and their distribution methods, the majority of examples are observed betweenXF and AU grades. Nearly all examples are heavily marked. The current example, at the top ofthe AU level, reveals fewer marks than is typical with even placement on the surfaces. Frictionis present, but is minimal as the grade requires. For the collector, this Twenty should holdadded significance due to the rarity at the Mint State level - with only 32 examples having beencertified at both services, the AU58 grade without doubt holds considerable importance.(photo) Est. 5,000-6,000


93

93 1868-S 20 Dollars. NGC AU58. As was the case for nearly all San Francisco gold, even whenthe coins avoided long periods of circulation, large abrasions would come to accompany the sur-faces, largely due to the relatively unsophisticated method of distribution that was a part of lifein the early west. This Twenty, in many ways similar to all but a handful of “with motto” S-Mintdates, is heavily abraded with most evidence of contact remaining on the obverse central por-trait. Unlike many survivors however, highpoint friction is difficult to discern with lambent lus-ter that is uniformly spread adding to the eye appeal. A fantastic opportunity for the specialistthat will surely realize the rarity of the date at the Mint State level and the closeness of the pres-ent to just that. (photo) Est. 3,500-4,000

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Attractive Mint State Type Two Twenty

94

94 1869-S 20 Dollars. NGC MS61. Due to heavy usage in west coast commerce as well as con-siderable melting throughout the years, the 1869-S Double Eagle is considered extremely scarcewithin the “Motto - Twenty D.” type. Generally available in AU grades and below, the date re-mains prohibitively absent in Mint State. The present premium quality example, easily eclips-ing the Uncirculated hurdle, conveys bright orange-gold surfaces on both sides with impressiveflashiness in the fields. The strike is average for the date and while mostly brought up, shows amodicum of incompleteness in the obverse stars. Less abrasions than are typical grace the sur-faces, placing the coin at the top end of the tier. Like many of the examples within The Wald-man Collection, the present representative calls out to the specialist, as finer examples are notonly exceptionally rare, but also significantly more expensive. NGC Population: 28 in MS61,12 finer. (photo - enlarged) Est. 8,000-10,000

Page 45




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Page 47

Breathtaking Select Double Eagle

95

95 1870 20 Dollars. NGC MS63. Similar to many of the early Type Two Liberty Twenties, the1870 Philadelphia Mint Double Eagle, when encountered at all, is usually found heavily circu-lated with detail that ranges from VF to XF. At the About Uncirculated level, the date becomestruly scarce with likely no more than 150 examples extant. As one would expect of a non-hoarddate, the trend of increasing rarity continues at the Mint State level with most the 50 or so sur-vivors having many abrasions that diminish eye appeal and limit the grade. In fact, after nearly30 years of certification, no MS65s are known to the grading services, with a single MS64 hav-ing been graded. Outside of the lone MS64, Select examples of date are therefore the onlyMint State grade which is generally accepted to hold significant eye appeal. This is true of thepresent Select specimen, as even straw-gold color adorns both sides with luster that invigoratesthe fields. Closer inspection further confirms an elite status as the execution of the strike nearsperfection, showing crisp star detail on the obverse with intricate fineness throughout the oftenlacking central reverse design. Contact marks are astonishingly minimal, even for the gradelevel, with a reeding mark below Liberty’s chin and a couple ticks behind her head. A coupleminuscule spots to the left of Liberty’s mouth are noted for accuracy’s sake and should serve asample pedigree markers. In all, the composite eye appeal is perhaps the finest attribute with alook that few would hesitate to call high-end. For the specialist, the present example unequiv-ocally presents a monumental opportunity as only five total examples have reached the MS63level at both major services. A scan of major auctions yields a single other Select example withundeniably less eye appeal that has sold in the past decade. NGC Population: 3 in 63, 1 finer.(photo) Est. 30,000-40,000



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96

96 1870-S 20 Dollars. NGC AU58. A fully original “dirty gold” S-Mint specimen with littlewear observed on the highpoints. Considerable evidence of contact in the fields and devices de-fines the grade. A date that borders on rare in Mint State and as such, a fantastic value coin atthe Choice AU level, which frequently provides similar eye appeal. (photo) Est. 2,000-2,500

Outstanding Mint State $20

97

97 1871-S 20 Dollars. NGC MS61. Obtainable as a date at the Very Fine through the AboutUncirculated grade, but as is typically the case with early 1870s Twenties, Uncirculated speci-mens are quite challenging to say the least. This uncirculated Twenty, managing to remain freeof highpoint friction, retains vivid luster in the largely yellow-gold fields. As one would expectfrom the grade, marks pepper the surfaces, but none are worthy of individual mention. Whenclosely inspected, the strike does lack full definition on portions of intricate reverse, but in termsof casual presentation, no major weakness is seen. An attractive and desirable specimen for thegold specialist. (photo) Est. 5,500-6,500


Attractive Philadelphia Mint Specimen

98

98 1872 20 Dollars. NGC MS62. While not always revealing the entire story, observation ofcompiled population data suggests that the 1872 Twenty is quite similar to the earlier Type Two1866 Double Eagle with survivors numbering in the several thousands. As is the common gradedistribution for coinage of this era, most of the survivors are centered around the XF and AUgrade level. Survivors shrink at the Uncirculated tier with low-end Uncirculated examples ap-pearing at auction from time to time and Select specimens almost never being offered. Thisyellow-gold example, fully maintaining a Select appearance, is astonishingly well struck, with im-pressive details within the obverse stars and sharply separated feather’s on the reverse eagle’s neckwhere softness is frequently encountered. Both the obverse and reverse fields and devices arenicely contrasted with frosted centers and varying degrees of prooflikeness in the fields that falljust short of meriting the Prooflike designation. A dearth of major coin to coin contact is evi-dent and confirms the high-end eye appeal. Closer inspection reveals light wispy marks, prima-rily in the left obverse field, that define the grade. A delightfully dated example that is a truetreasure in terms of preservation, and for the dedicated collector of top-tier Twenties, shouldcertainly garner its due attention. NGC Population: 13 in MS62, 3 finer. (photo) Est. 10,000-12,000

99

99 1872-S 20 Dollars. NGC MS61. Best classified as a mid-tier Type Two S-Mint issue, the1872-S’ survival figures look remarkably similar to other dates such as the 1869-S and 1871-S. Like these dates, it can be theorized that somewhere between 2,000 and 3,000 of the 1872-S exist in all grades with Mint State examples being scarce at all levels, and specimens in theSelect to Gem level and above being essentially non-existent. The current Twenty, certainly ap-propriately designated, is fairly heavily abraded as is typical for the grade. Abrasions aside how-ever, the eye appeal is exceptional for the level with a fully evident prooflike gleam in the fieldsand a strike that is admirably rendered. A rare opportunity, as rarely is the appeal matched atthe grade with only five specimens having merited a higher technical grade from NGC. (photo)

Est. 4,500-5,500

Page 49



Seldom Topped Carson City Issue

100

100 1872-CC 20 Dollars. NGC AU58. 1872 marked the third year of Double Eagle productionat the fledgling Carson City Mint with a mintage that year of 26,900 coins. As a result of theburgeoning western expansion and the need for coinage in commerce, most of this populationentered directly into circulation, resulting in most of the survivoring population of around 400examples existing around the XF level. About Uncirculated coins remain quite scarce, especiallytowards the Choice level, with Uncirculated examples rarely appearing. The current specimen,on the cusp of the Uncirculated designation, reveals little in terms of discernable wear, with closeinspection revealing minor softening on the highpoints that is part friction and part strike in-completeness. As is typical of Carson City coinage, the luster remains thick and emits attractiveradiance. Several marks, primarily on Liberty’s cheek and behind her neck, are observed, butnone are offensive or out of place. Finally, soft wispy orange-patina is noticeable on the obverseof this otherwise yellow-gold piece establishing originality. For the enthusiast of western Amer-icana or the collector that appreciates rare items, the opportunity presented by the current of-fering will undoubtedly ring clear as seldom do comparable 1872-CC dollars come along.(photo - enlarged) Est. 17,000-19,000

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101

101 1873 “Open 3” 20 Dollars. PCGS MS61. Thesecond, and more common of the two varieties madeduring 1873, the current specimen shows a relativelyopen 3 in the date, whereas the earlier version’s loopsalmost touched, leading many to think the coin wasdated 1878. The surfaces of this uncirculated Dou-ble Eagle have numerous hits, but the attractive or-ange-gold color and a boldly hammered strike helpsto enhance the eye appeal. (photo) Est. 1,500-1,700

102

102 1873-S “Closed 3” 20 Dollars. PCGS MS61.Opposite of the Philadelphia Mint issue, the “Closed3” variety is the more common example from the SanFrancisco Mint. Primarliy on smaller denominations,this “Closed 3” type was often misinterpreted as1878. As a result, new dies were produced with a “3”in the date that was opened up to avoid further con-fusion. While myriad marks adorn the surfaces, theeye appeal actually remains quite strong with beam-ing luster retained within the yellow-gold surfaces.The most common Type Two Twenty in terms ofabsolute mintage as well as surviving population atthe Uncirculated grade, making it an affordable datefor the collector pursuing an early dated Uncircu-lated representative. (photo) Est. 2,500-3,000

Near-Select San Francisco Twenty

103

103 1874-S 20 Dollars. NGC MS62. Characteristic ofmany earlier Type Two Double Eagle dates, this laterminted example retains traits similar of earlier dateseven as the mintage grew to a considerable1,214,000 coins. Like those dates, much of the sur-viving population exists today in XF to AU grades.Somewhat unlike many other dates however, a cacheof lower grade Uncirculated examples exist with acurrent NGC population of MS61 graded coins sit-ting at 343. MS62 graded examples return to formso to speak and are conditionally rare with few at thatlevel or finer. The current coin, appropriately gradedat that MS62 level holds light but even contact onthe surfaces and a strike that pleasingly details the pe-ripheral and central motifs. The luster is bold andswirls around the centers. A conditionally challengingdate that should certainly excite the aficionado. NGCPopulation: 29 in MS62, 3 finer. (photo)

Est. 6,500-7,500

104

104 1875-S 20 Dollars. PCGS MS62. Eye-catching or-ange-gold patina blankets both sides of this TypeTwo example with pinpoint detail remaining withinthe majority of the design. Evidence of contact is ev-ident, but is relatively minor is terms of visual effect.One of the more available dates of the “with motto”type with enough survivors to satisfy the broad baseof collectors that demand a Mint State example oftype. (photo) Est. 3,000-3,500

Page 51



Select Centennial-Dated Double Eagle

105

105 1876-S 20 Dollars. NGC MS63. The final year ofType Two Double Eagle production, this S-Mintcentennial issue was the second highest mintage issueof the type, and as a result, is among the most avail-able issues. In lower Mint State grades, the date re-mains available. As is often the case, Select examples,such as the present, are scarcely available, with ex-amples seldom qualifying for higher grades. ThisTwenty, ideal for a gold sub-type set, is boldly lus-trous, with light rose highlights on otherwise yellow-gold surfaces. The strike, above-average for the type,is hammered on both sides with pleasing star defini-tion on the obverse and complete central detail onthe often-lacking reverse centers. Limited surfacecontact defines the grade. (photo) Est. 6,500-7,500

106

106 1876-CC 20 Dollars. NGC AU58. An attractivecentennial issue, the date today exists as one of themore available in the Double Eagle series from thisstoried western mint, as the mintage, a relatively pal-try 138,441 coins, was the peak for Carson City out-put. For the aficionado of Carson City material, thepresent example will assuredly satisfy. The surfaces,lightly covered in patchy bright orange-gold patina,showcase delightful prooflike reflectivity in the fields.As one must expect from the grade, minor scuffs arepresent, but aside from a couple of insignificantmarks on Liberty’s chin, no distracting individualmarks are noted. A overall beautiful representative.(photo) Est. 3,500-4,000

Conditionally Scarce S-Mint Date

107

107 1883-S 20 Dollars. PCGS MS63. The date’s col-lectibility is largely defined by its grade distribution asspecimens remain rather plentiful at the MS61 andMS62 levels with finer survivors plummeting at analarming rate - third-party certification reflects ap-proximately 200 examples at the Select level, around15 examples in near-Gem, and none at the Gemlevel. As a result of the apparent unavailability at near-Gem and above, Select specimens are highly prizedby the mid-level collector. The present Type ThreeTwenty, with all the attributes of the grade level, iswell struck for the type and has pleasing detail re-tention on Liberty’s bust and the stars that surroundher. As is typical, bright orange color blankets bothsides with blushes of rose color at uneven intervals.Coin to coin contact, primarily evident on the ob-verse, defines the grade for this specimen. An infi-nitely collectible and conditionally pursued DoubleEagle. (photo) Est. 5,500-6,500

108

108 1889-CC 20 Dollars. NGC AU58. Claiming a rel-atively low mintage of just 30,945 coins, the outputwas actually at the high end for the Carson City Mintduring its run of striking Double Eagles and as such,the 1889-CC remains as one of the most available“CC” dates in the series. Most examples, as the pres-ent, remain in top AU grades. This Choice AU spec-imen contains soft, shimmering luster in theyellow-gold fields with some noted peripheral strik-ing weakness. No major marks accompany the sur-faces and for the collector searching for a large goldtype example from this storied mint, one can hardlyimage a better opportunity. (photo)

Est. 4,000-5,000www.SpinkSmythe.com



Low Mintage Type 3 Twenty

109

109 1890 20 Dollars. PCGS MS63. A much betterdated P-Mint example with an original mintage of75,995 coins. Upon close inspection, the specialistwill immediately recognize this Select specimen aspremium quality for the grade and date, because un-like many examples at the grade level, the surfacesshowcase no major abrasions which suggests that itwasn’t a European bank held example. Further con-firmation of the grade is confirmed when one ob-serves the notably well-executed strike thatconfidently defines all of Liberty’s hair, and theadornment of sprinkled apricot patina atop the frostysurfaces. For the date collector endeavoring to as-semble a world-class set, the appearance of the cur-rent example certainly signals a seldom matchedopportunity. PCGS Population: 32 in MS63, 5 finer.(photo) Est. 7,000-,9000

110

110 1890-S 20 Dollars. PCGS MS63. The scarcest1890s San Francisco Mint issue in terms of originalmintage and surviving population, the 1890-S Dou-ble Eagle is most often found in the AU55 to MS62range. The present Twenty, qualifying at the Selectlevel, is exemplary for the date, with orange-gold inthe centers that give way to olive-gold peripheries.Typical marks define the grade with no singular ex-ample standing out. An essentially full strike compli-ments the eye appeal. Rare in finer grades and assuch, sure to be targeted by the specialist. (photo)

Est. 4,500-5,500

111

111 1891-S 20 Dollars. NGC MS64. A high mintagedate, the 1891-S remains fairly available up to the Se-lect level, with near-Gems, as a result of heavy usagein overseas trade, being quite elusive. The current ex-ample maintaines a delightfully original appearance,with thick frosty luster in the fields and a touch ofsooty color on the devices as is often the case withcoins from long-time European bank holdings.Upon close inspection, the strike remains full andhelps to confirm the near-Gem designation. (photo)

Est. 3,500-4,000

Original Near-Gem Twenty

112

112 1892-S 20 Dollars. PCGS MS64. A wonderfulnear-Gem example that, as a result of the easily iden-tifiable “dirty gold” appearance, can surely be pedi-greed to European bank holdings. Beyond thehighpoint darkness that is a result of decades of stor-age, the surfaces are largely olive and orange-goldtinged. While technically a common date with amintage that approaches one million coins, near-Gems are quite scarce with examples seldom match-ing, and rarely eclipsing that level. Close inspectioncertainly confirms that grade with a readily apparenthammered strike, and few grade-limiting lustergrazes. An eminently collectible Double Eagle.(photo) Est. 5,500-6,500

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113

113 1893 20 Dollars. PCGS MS63. A typically markedSelect Double Eagle with wispy orange-gold patinathat mostly covers the yellow-gold base. Close in-spection further bolsters the appeal, revealing a firmstrike with knife-like definition on the peripheral starsand internal details. (photo) Est. 1,500-1,700

114

114 1893-S 20 Dollars. PCGS MS63. Considered tobe a type coin at lower mint state grades, this SanFrancisco representative becomes slightly better atthe Select level. The surfaces convey a thick mintbloom enhanced by bright orange-gold tones. Minorsoftness in Liberty’s hair leaves the strike short of full,but not to the point of hindering the eye appeal.Rounding out the appearance are typical surfacesabrasions that maintain pleasingly even distributionon both sides so as to not draw significant attention.(photo) Est. 2,000-2,500

115

115 1893-S 20 Dollars. NGC MS62. Typically markedfor the grade with yellow-gold color around the leg-ends and soft orange-peach patina in the centers.Flashy luster further enhances the eye appeal. (photo)

Est. 1,400-1,600

116

116 1894 20 Dollars. NGC MS63. Flashy luster is im-mediately evident, enhanced by the adornment ofbright yellow-gold patina on both sides. A strongstrike and typical marks for the grade confirms thecurrent specimen as well-suited for type inclusion.(photo) Est. 1,500-1,700

117

117 1894 20 Dollars. NGC MS63. Hammered onboth sides with typical thick frost in the fields anddelightful orange-gold color throughout. Ideal fortype or investment purposes. (photo)

Est. 1,500-1,700

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118

118 1895 20 Dollars. NGC MS63. Coruscating lusterenlivens the fields and produces admirable flasharound the central design. A bold strike and fewerthan typical contact marks are also among the manymerits that confirm this example as premium quality.(photo) Est. 1,500-1,700

119

119 1895-S 20 Dollars. NGC MS63. Moderatelymarked in the centers with a well-blended mixtureof olive and orange-gold gold on the surfaces. As onemight expect from a 1890s S-Mint issue, the lusterremains strong, with hints of semi-prooflike gleamwhen rotated beneath a light. (photo)

Est. 1,500-1,700

120

120 1896 20 Dollars. NGC MS63. Crisply defined inthe obverse and reverse centers with light marks thatpepper the surfaces and define the grade. A wonder-fully original representative. (photo)

Est. 1,400-1,600

121

121 1896 20 Dollars. NGC MS62. Crisply detailedwith all peripheral stars on the obverse having fulldefinition to the centers. Luster grazes are less thanis typical for the grade and result in a premium qual-ity eye appeal. (photo) Est. 1,400-1,600

122

122 1896-S 20 Dollars. NGC MS63. Typically markedfor the grade, but retaining superior luster in thefields. A single toning spot on Liberty’s jaw boneadds uniqueness. The strike remains short of full withincompleteness particularly noticeable on stars 8 and9. (photo) Est. 1,500-1,700

123

123 1896-S 20 Dollars. NGC MS62. Booming lusteris inescapable to the eye with light luster grazes inthe fields, and a reeding mark on Liberty’s cheek thatprecludes the Select grade. For accuracy’s sake, sev-eral light copper spots are also noted, but none over-whelm. (photo) Est. 1,400-1,600

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124

124 1897 20 Dollars. PCGS MS64. Frosty luster char-acterizes the eye appeal with razor-sharp definitionon the often lacking peripheral stars and only typicallight contact on Liberty’s cheek. An underrated date,that while not incredibly scarce at the near-Gemgrade, becomes incredibly rare with the MS65 des-ignation with PCGS having certified only two at thatlevel, with none finer. (photo) Est. 2,000-2,500

125

125 1897-S 20 Dollars. NGC MS63. Showcasing aconfidently hammered strike with bright orange-goldluster in the fields and myriad luster grazes that de-fine the grade. (photo) Est. 1,500-1,700

126

126 1897-S 20 Dollars. NGC MS62. Radiant lusterdominates the eye appeal with numerous marks alongthe obverse rims that preclude the Select level.(photo) Est. 1,400-1,600

127

127 1897-S 20 Dollars. NGC MS62.Well struck withthick mint frost in the fields and relatively few markspresent for the grade. (photo) Est. 1,400-1,600

T E L E P H O N E B I D D I N G

As an added convenience to our bidders in the sale, we offer telephone bidding

during the auction which gives buyers the flexibility they may need to increase

their bids as the auction proceeds. Please call our offices (800-556-7826 or

972-788-2100) to arrange for telephone bidding prior to the sale and

ask for Patricia Gardner or Emily Cowin.


129

129 1898 20 Dollars. PCGS MS63. Stunning for thegrade level, with luster that matches any date of theentire series. The strike is fully imparted. Resplen-dent patina wisps over both sides and creates an orig-inal appeal that is sure to further capture theenthusiast. A second high-end example of this betterdate Philadelphia Mint issue. (photo)

Est. 3,000-3,500

130

130 1898 20 Dollars. NGC MS62. Rose-gold coloredin the centers, with a thick ring of rich orange-goldon the outside. Certainly more than acceptable fortype, with general coin to coin contact, primarilyconfined to the obverse. (photo) Est. 1,400-1,600


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Sharp Philadelphia Mint $20

128

128 1898 20 Dollars. NGC MS64. As was often the case with Double Eagles in the late 19thcentury, much of mintage wasn’t heavily used domestically, but instead would be shipped offto facilitate foreign trade, eventually settling as bank holdings. As a result of their long journeyand limited role in day-to-day transactions, many examples remain around the Uncirculatedlevel having picked up significant marks from coin to coin contact. Such to is the case with the1898 Twenty, but unlike many of the other dates, the Philadelphia Mint struck only a relativelypaltry 170,479 coins in 1898, leaving Select examples many times more scarce than their sim-ilarly dated counterparts. Near-Gems such as the present are truly rare with Gems being unheardof at either major grading service. As one might expect from the grade, the current examplemaintains pronounced matte-like field texture and vivacious luster that avoids the incorporationof bothersome luster grazes. The strike, while not above-average, can find little fault with theperipheral devices, rising to their full intention with only a sniff of softness in Liberty’s hair. Alight milling mark is noted on Liberty’s cheek bone, but is certainly appropriate for the gradelevel. There arew relatively few other instances of heavy contact. Given the overall preservationand the knowledge of few other examples at the near-Gem level, one would have to place thishigh-end specimen among the very finest in the grading tier, making it worthy of significant at-tention. NGC Population: 21 in 64, none finer. (photo) Est. 6,000-7,000


131

131 1898-S 20 Dollars. NGC MS63. Struck in stun-ning orange-gold, with frosty luster in the relativelygraze-free fields. Abrasions, typical of the type, ap-pear primarily on Liberty’s cheek and define thegrade. (photo) Est. 1,500-1,700

132

132 1899 20 Dollars. PCGS MS62. Rose-gold coloraccents both sides with luster grazes throughout thefields that prevent a Select grade. (photo)

Est. 1,400-1,600

133

133 1899-S 20 Dollars. PCGS MS63. Confidentlystruck with dazzling orange-gold patina that en-velopes both sides. The presentation remains farabove-average for the grade level, with no contactmarks of individual significance noted on either side.(photo) Est. 1,600-1,800

134

134 1900 20 Dollars. PCGS MS64. An exemplarynear-Gem with pinpoint striking detail in the centersand peripheries and an enchanting mixture of red-dish-orange patina that wisps around the devices andsemi-prooflike fields. For the economy-minded typecollector, the present Twenty should certainly be atarget as seldom is the eye-appeal matched even onfiner graded specimens. (photo) Est. 1,800-2,000

135

135 1900-S 20 Dollars. PCGS MS64. Coruscating lus-ter dominates the eye appeal with phenomenal,nearly pristine reverse surfaces, and obverse surfacesthat contain nearly all of the grade-limiting marksatop Liberty’s exposed cheek. A conditionally scarcedate at the near-Gem grade with less than 200 ex-amples graded at that level by PCGS and NGC com-bined, with only 12 finer. (photo) Est. 3,500-4,000

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136

136 1901 20 Dollars. PCGS MS65. A superb Gem ex-ample from this relatively available date with fiery or-ange patina on both sides that is accented by reddishblushes as a result of the gold’s copper alloy. As onewould expect from a Gem, few grazes are evident,with only minor contact on the highpoints. Thestrike, often found short of complete, is easily iden-tified as full, with sharp hair and tiara definition onthe obverse and fully raised central reverse devices.(photo) Est. 3,500-4,000

137

137 1901-S 20 Dollars. PCGS MS64. Despite a con-siderable mintage that eclipsed 1.5 million coins, thisearly 20th century S-Mint product is conditionallychallenging at the near-Gem level, and rare any finerwith PCGS only certifying two Gems. Eye appealcertainly upholds the lofty standards of the grade onthe current Twenty, enhanced by thick bloom in thefields and some apricot-gold color in centers. In-stances of contact that obscures the luster is limited,even for the grade level, but several vertically placedreeding marks on Liberty’s neck and cheek preventthe seldom achieved higher grade. (photo)

Est. 4,500-5,000

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Superb Near-Gem Double Eagle

138

138 1902-S 20 Dollars. PCGS MS64. A suprisingly better date in near-Gem condition, as themintage of more than 1.5 million coins would suggest availability at nearly all grades up toGem. However, when the population reports from both PCGS and NGC are consulted, onlyaround 100 MS64s have been recorded, with a total of 5 examples in finer condition. The pres-ent example, surely top-tier for the grade level, is remarkably preserved with olive-gold pe-ripheries that give way to orange and apricot-gold centers. Luster grazes, often a tale-tellindicator of the grade level, are refreshingly absent, although several minor ticks on the centralportrait are present, but they are essentially unavoidable on the date. Rich mint bloom and asharp strike cements the premium eye appeal. A infrequent and exciting opportunity for the avidcollector of the Liberty Double Eagle series. (photo) Est. 7,000-9,000


139

139 1903-S 20 Dollars. NGC MS63. Yellow-gold colorenriches both sides with praise-worthy detail in thedevices and abrasions surrounding Liberty’s portraitthat preclude the near-Gem level. A scarce coin infiner grades. (photo) Est. 1,500-1,700

140

140 1904 20 Dollars. PCGS MS62. A premium qual-ity example with deep frost in the fields and notablestrength in the central and peripheral design. One ofthe more available dates in the Liberty Twenty seriesand as such, often collected for type. Housed in afirst-generation PCGS holder. (photo)

Est. 1,400-1,600

141

141 1904-S 20 Dollars. NGC MS63. A high-end ex-ample for the grade with relatively few luster grazesand noted softness within some of the obverse pe-ripheral stars. Collectible as a type representative.(photo) Est. 1,500-1,700

142

142 1905-S 20 Dollars. PCGS MS63. An above-aver-age date at the MS63 level with surfaces that featureattractive semi-prooflike reflectivity in the fields anddevices that are portrayed with razor sharp detail.The adornment of gorgeous apricot-gold and sky-blue patina billows over both sides and further de-fines the premium eye appeal. (photo)

Est. 2,500-3,000

143

143 1906-S 20 Dollars. NGC MS62.Honey-gold col-ored and well struck with energetic luster that fever-ishly circles the central devices when rotated under alight. An adequate example for type, with no majorcontact marks that serve as impediments to the de-sign. (photo) Est. 1,400-1,600

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144

144 1907 Liberty 20 Dollars. NGC MS63. Vivaciousluster rotates the central motifs with the customarymarks on Liberty’s cheek and in the fields that fre-quently defines the Select tier. An affordable exampleof this classic type. (photo) Est. 1,500-1,700

145

145 1907-D Liberty 20 Dollars. PCGS MS63.Certainly better than most at the Select level, thestrike is boldly imparted on both sides with radiantyellow luster in the fields and devices that are visuallyhigh-end for the grade level. While not well-know assuch, this final-year D-Mint Liberty type is actually abetter date with most of the survivors centeringaround the MS62 grade level. (photo)

Est. 1,600-1,800

146

146 1907-S Liberty 20 Dollars. NGC MS64. Scarcerat the near-Gem level, with illuminating luster atopthe orange-gold surfaces and fewer than typical lus-ter grazes in the fields. An attractive final-year issuewith only 16 examples graded finer at NGC. (photo)

Est. 3,000-3,500

Saint Gaudens Double Eagles

147

147 1909-S 20 Dollars. Uncirculated Details,Cleaned. Sharply detailed with light hairlines onboth sides that produce an unnatural brightness onthe surfaces. A slightly better date at lofty uncircu-lated grades. (photo) Est. 1,400-1,600

148

148 1911-D 20 Dollars. PCGS MS64. An eye-catchingcommon date example with pebbly surfaces on bothsides that give a matte-like quality to the eye appeal.Minor evidence of contact on Liberty and in the re-verse rays are indicative of the grade level. (photo)

Est. 1,500-1,700

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149

149 1923 20 Dollars. PCGS MS64. Bathed in brightorange-gold patina with light marks that preventGem certification. An exceptionally eye-appealingspecimen and desirable as a representative of this leg-endary St. Gaudens type. (photo) Est. 1,500-1,700

150

150 1924 20 Dollars. Select Uncirculated. Typicallymarked for the grade level with granular surfaces thatcreate glowing luster. The addition of a large diecrack (as-made) that winds through LIBERTY on thetop obverse legend adds intrigue to the piece.(photo) Est. 1,500-1,700

151

151 1924 20 Dollars. Select Uncirculated. Radiant lus-ter dominates with the infusion of bright orange-gold patina at sporadic intervals that bolstered theeye appeal. Some scattered marks are noted an bothsides and define the grade. (photo)

Est. 1,500-1,700

152

152 1924 20 Dollars. Select Uncirculated. An appeal-ing specimen with unusual coarse matte-like texturein the fields. (photo) Est. 1,500-1,700

153

153 1925 20 Dollars. PCGS MS66. Beaming luster en-livens the surfaces with traces of wispy apricot patinain the fields and, as the grade would suggest, onlytrivial surface issues. A wonderfully eye appealing ex-ample that stands out as ideal for type. (photo)

Est. 2,000-2,500

154

154 1926 20 Dollars. NGC MS66. Plentiful in elevatedgrades such as the present and as such, commonlyacquired as a representative of this much belovedtype. The surfaces, as the grade would suggest, areimmaculately presented, with bright orange-gold lus-ter and nary a mark worthy of mention. For accu-racy’s sake, the reverse does show two deep purpletoning spots on the eagle and for the educatedviewer, should signal originality. (photo)

Est. 2,000-2,500

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Seated Liberty Half Dollars

155

155 1858-S 50 Cents. NGC Shipwreck Effect. ex. SSRepublic. Untoned and heavily granular in the fieldsas a result of seawater exposure for over 130 years. Awonderful relic that is accompanied by a woodenOdyssey Marine Exploration presentation box andcertificate of authenticity. (photo) Est. 150-250

156

156 1859-S 50 Cents. NGC Shipwreck Effect. ex. SSRepublic. Likely an About Uncirculated to Uncircu-lated coin when the SS Republic sunk in 1865 andnow visually granular as a result of more than a cen-tury of saltwater exposure. The conservation processhas left the surfaces untoned with patches of varyingbrightness. Accompanied by a wooden Odyssey Ma-rine Exploration presentation box and certificate ofauthenticity. (photo) Est. 150-250

157

157 1861-O 50 Cents. NGC Shipwreck Effect (A)UNC. ex. SS Republic. Incredibly well-preserved fora shipwreck recovery coin with steel-gray color onboth sides and design detail that remains impressivelywell defined. Even granularity is less concentratedthan most, increasing the overall desirability. (photo)

Est. 300-500

158

158 1861-O “Louisiana Issue” 50 Cents. NGC Ship-wreck Effect (B) AU.W-03. ex. SS Republic. Pleas-ing detail remains in the obverse and reverse centerswith advanced seawater damage appearing primarilyat 11 o’clock on the obverse. Overall, a lovely speci-men that was apparently coined after Louisiana’s suc-cession from the Union and prior to the timeConfederate States of America took over the NewOrleans Mint. Accompanied by a wooden OdysseyMarine Exploration presentation box and slip casewith the certificate of authenticity. (photo)

Est. 300-500

159

159 1861-O “Confederate” 50 Cents. NGC Ship-wreck Effect (A) UNC.W-13. ex. SS Republic.Oneof the finer surviving half dollars from the SS Re-public shipwreck with bright untoned surfaces thatshow much less granularity than is typical. Com-pounding the desirability, research has identified theobverse die as having been used during the Confed-erate Army’s control of the New Orleans Mint. Ac-companied by a wooden Odyssey MarineExploration presentation box and certificate of au-thenticity. (photo) Est. 400-600

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Walking Liberty Half Dollars

160 Trio of Walking Liberty Half Dollars.1) 1942. PCGS MS66. Well struck with think frostyluster. 2) 1943. NGC MS66. Bright with a fleck of russetcoloration on both sides. 3) 1945. NGC MS66. Untoned with few marks forthe grade level. [3]

Est. 300-500

Morgan Dollars

161

161 1880-CC “8/Low 7 - Reverse of 1879” GSA 1Dollar. Select Uncirculated. VAM-6, Top 100. Apopular variety that features a partially removed “7”that clearly sits low beneath the second “8” in thedate. The eye appeal is typical of most GSA dollarswith a moderate amount of marks on Liberty’s cheekand in the fields to her left. Semi-prooflike surfacesgleam on both sides, with only a trace of yellowpatina noticeable on the reverse against otherwisebright white surfaces. Accompanied by its originalcard with a box that shows considerable damage.(photo) Est. 300-500

162

162 1881-CC GSA 1 Dollar. Uncirculated. Superb lus-ter dominates the eye appeal with bag marks that pri-marily confine themselves to Liberty’s cheek. Thesurfaces remain mostly white with hints of coloralong a small portion of the reverse. Accompaniedby the original card and a damaged box. (photo)

Est. 300-500

163 Quartet of 1882-CC GSA Morgan Dollars. Allfour examples remain tone-free with observed gradesthat range from Uncirculated to Near-Gem Uncir-culated. The original box and card that was issuedwith these Nixon administration releases are intact.[4] Est. 400-600

164 Quintet of 1883-CC GSA Morgan Dollars. An at-tractive group with all examples being housed in theiroriginal box with cards of issue. All but one exampleremains fully white; the remainder reveal light rain-bow coloration near the date. Grades range from Un-circulated to Select Uncirculated. [5] Est. 500-700

165 Quartet of 1884-CC GSA Morgan Dollars. Un-circulated. All four examples of this common dateCarson City type are white. Two specimens show thetypical contact marks that one might expect after hav-ing been in a bag for 80 years, and the other two arequite nice and approaching the Gem level. The orig-inal box and identification card remains with all four.[4] Est. 300-500

166

166 1885-CC GSA 1 Dollar. Uncirculated. Typicalthick Carson City luster encircles the central deviceswith minor bagginess on Liberty’s cheek. While abetter date, most examples today are found in uncir-culated condition as a result of their long term stor-age in government vaults. Housed in the originalGovernment Services Administration plastic hardcase with identification cards. The outer box showssignificant damage. (photo) Est. 300-500

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Commemorative Silver

167

167 1936 Albany 50 Cents. PCGS MS65. Mintage:17,671. Stuck to commemorate the 250th anniver-sary of Albany receiving its city charter, the designranks among the most popular with collectors as theobverse features an attractive representation of abeaver and the reverse featuring three colonial-eramen exchanging greetings. The surfaces of this Gemare outstanding condition with few apparent marks,strong luster, and a faint, but attractive overlay of yel-low and plum patina. A considerably high-end spec-imen. Housed in a first-generation PCGS holder.(photo) Est. 200-400

168

168 1937 Antietam 50 Cents. PCGS MS65.Mintage:18,028. The battle of Antietam is well known todayas the bloodiest one-day battle in the Civil War, andbecause of the Civil War affiliation, the beauty theencompasses the reverse design, and the fact thatmany collectors assemble a Civil War mini-set in lieuof the entire run, the type remains among the mostheavily sought-after at any grade level. Like most ofthe Antietam half dollars, the present example is wellstruck with strong luster. Marks are at a minimumwith a light infusion of brown patina, primarily evi-dent on the reverse, that has formed as a result of theoriginal cardboard tabs the piece was stored in.Housed in an early green PCGS holder. (photo)

Est. 300-500

169

169 1935-S Arkansas 50 Cents. PCGS MS65.Mintage: 5,506. An interesting commemorative is-sued to commemorate the 100th year anniversary ofthe state’s admission into the Union, but with datesthat range from 1935 to 1939. While the luster isoften found to hold a flat satiny appearance, thispiece has a more frosted look, with faint iridescentcolor mixed over both sides. While visible in fewernumbers and severity than is typical, several smallticks are visible on the Indian and girl’s jugate bustsand preclude the premium Gem level. Housed in afirst-generation PCGS holder. (photo)

Est. 150-250

170

170 1939 Arkansas 50 Cents. PCGS MS65.Mintage:2,104. This final-year specimen saw the fewest num-ber struck during the run and resultingly is highlycollectible. Like most of the Arkansas issues, the coinsoften showcase a satin luster instead of the frostedfinish of many other commemoratives. The present isno different, with a steel-gray color to both sides. Ev-idence of contact is few and far between, especially onthe obverse where the open design made it easily sus-ceptible to mishandling. Rarely is a finer exampleavailable. (photo) Est. 500-700

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171

171 1939 Arkansas 50 Cents. PCGS MS64.Mintage:2,104. An appealing near-Gem example with perhapsthe most notable attribute being a strong strikewhich showcases full detail within the often-lackingintricate reverse. Housed in a first-generation PCGSholder. (photo) Est. 200-400

172

172 1939-D Arkansas 50 Cents. PCGS MS65.Mintage: 2,104. A stunningly original example andthe key date to the Arkansas type. The luster remainsbolder than is typical for the type, with the additionof light variegated sporadic patina that serves to con-firm originality. Housed in an early green PCGSholder. (photo) Est. 500-700

173

173 1939-D Arkansas 50 Cents. PCGS MS64.Mintage: 2,104. A second example of this lowmintage date with nearly full strike and fewer in-stances of contact atop the central devices than aretypical for the near-Gem designation. Housed in afirst-generation PCGS holder. (photo)

Est. 200-400

174

174 1939-S Arkansas 50 Cents. PCGS MS64.Mintage: 2,105. A final example of this final year is-suance and highly demanded at the time due to anadvertised production limit that would make the1939 the rarest date in the series. The present near-Gem is untoned on both sides, with several lightreeding marks on Liberty’s jaw bone and neck thatprevent Gem designation. Housed in a first-genera-tion PCGS holder. (photo) Est. 200-400

175

175 1936-S Bay Bridge 50 Cents. PCGS MS65.Mintage: 71,424. Among the most desired earlycommemorative types, the Bay Bridge half dollarshowcases a regal California bear on the obverse withperhaps the most intricate reverse design in the se-ries which displays a landscape of the still-iconic SanFrancisco-Oakland Bay Bridge. Abrasions are scarcelyobserved on either side and certainly qualify the pres-ent as premium quality. While the appearance ismostly brilliant, iridescent gold patina graces bothsides and enhances the eye appeal. Housed in a first-generation PCGS holder. (photo) Est. 150-250

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176

176 1935/34 Boone 50 Cents. PCGS MS65.Mintage: 10,006. A popular five year type with im-pressive satin luster throughout both sides that is in-duced by uniform micro-granularity. Closeinspection shows surfaces that appear far above thatof a typical Gem as marks remain difficult to pinpointeven with the aid of a loupe. Struck to commemoratethe 200th anniversary of the legend that is DanielBoone. Housed in a first-generation PCGS holder.(photo) Est. 150-250

177

177 1937-D Boone 50 Cents. PCGS MS65.Mintage:2,506. A resplendent Gem Boone with obverse sur-faces that hold milky patina that veils apparent un-derlying semi-prooflikeness. The reverse, in starkcontrast has a flat satin luster. The eye has to searchfor abrasions on both sides with an eye appeal that iscertainly high-end for the grade. Housed in a first-generation PCGS holder. (photo) Est. 200-400

178

178 1937-S Boone 50 Cents. PCGS MS65. Mintage:2,506. A better date in the Boone series with onlythe 1935/1934 Denver and San Francisco produc-tions as well as the 1938 set having been coined inlower quantities. This Gem, as is often the case withthis issue, showcases gleaming luster in the fields thatis nearly semi-prooflike in quality. Outside of a smallwell-disguised milling mark in Daniel Boone’s hair,the surfaces appear pristine. A shallow ring of multi-colored patina should also be noted on the reverseand should add desirability. Housed in a first-gener-ation PCGS holder. (photo) Est. 200-400

179

179 1938 Boone 50 Cents. PCGS MS65. Mintage:2,100. A premium example of this key date Boonewith gorgeous variegated pastel patina on both sides.Close inspection confirms the high-end appeal witha tiny tick to the left of Boone’s chin being the onlyimperfection worthy of mention. (photo)

Est. 200-400


180

180 1938-D Boone 50 Cents. PCGS MS65.Mintage:2,100. A lovely key date Gem with die polish lines(as-struck) that traverse the obverse fields and a finegranularity on the reverse that results in appealingluster on both sides. For accuracy’s sake, a partial fin-gerprint fragment is noted behind Boone’s head andnow presents itself as milky-tan coloration. (photo)

Est. 200-400

181

181 1925-S California 50 Cents. PCGS MS65.Mintage: 86,394. An iconic issue, the obverse of thisperennial favorite shows a 49er panning for gold witha regal grizzly bear on the reverse. While generallyavailable in lower mint state grades, Gems becomescarce as the design leaves the surfaces susceptible tohighpoint friction. The current Gem avoids many ofthe typical afflictions of the type with iridescentpatina on the obverse surfaces and glowing lusterthroughout. Housed in a first-generation PCGSholder. (photo) Est. 400-600

182

182 1936 Cleveland 50 Cents. PCGS MS65.Mintage:50,030. Like the majority of the surviving mint statepopulation, the surfaces highlight effulgent lusterthat circles the devices with speckled reddish-brownpatina that delicately touches the surfaces. A fewmarks on Moses Cleveland and in the reverse fieldsdefine the grade. Housed in a first-generation PCGSholder. (photo) Est. 80-100

183

183 1936 Columbia 50 Cents. PCGS MS65.Mintage:9,007. Struck to celebrate the sesquicentennial of thethe moving of the South Carolina capital fromCharleston to Columbia. Examples, such as the pres-ent, are typically well preserved with the present re-vealing thick mint frost throughout the untonedsurfaces and a strike that is admirably full. Minuteluster grazes that are faintly apparent to the eye ap-parently prevented the premium Gem level. Housedin a first-generation PCGS holder. (photo)

Est. 150-250

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184

184 1935 Connecticut 50 Cents. PCGS MS65.Mintage: 25,018. Beaming luster adorns both sideswith the “Charter Oak” on the obverse remainingessentially pristine and light marks showing on thereverse eagle. An attractive, premium quality speci-men that would make an exemplary representationof type. Housed in a first-generation PCGS holder.(photo) Est. 200-400

185

185 1936 Elgin 50 Cents. PCGS MS65. Mintage:20,015. Issued to commemorate the centennial ofElgin, Illinois, but curiously distributed by coindealer L.W. Hoffecker who resided over 1,400 milesaway in El Paso, Texas. As is typical of the type, thesurface of this Gem hold thick mint frost as a resultof near matte-like surface texture. Few abrasions sig-nal careful handling with a light golden color thatpleases the eye. A high-end piece with appeal thateclipses its assigned grade. Housed in a first-genera-tion PCGS holder. (photo) Est. 150-250

186

186 1936 Gettysburg 50 Cents. PCGS MS65.Mintage: 26,928. Among the most popular issues ofthe early commemorative series, the Gettysburghalves were struck for observance of the 75th an-niversary (although they were actually issued anddated two years prior to the anniversary) of one ofthe most famous battles of the Civil War. The ob-verse features the jugate bust of Union and Confed-erate soldiers with the same dichotomy on the reversewith representative shields divided by fasces. The cur-rent coin, much finer than most and premium qual-ity for the grade level, has full mint bloom and centraldevices that are refreshingly free from bothersomemarks. Originality is fully evident, as the reverse isawash is deep mottled russet shades, likely the resultof decades of storage in its original packaging.Housed in a first-generation PCGS holder. (photo)

Est. 400-600

187

187 1922 Grant 50 Cents. PCGS MS65. Mintage:67,405. Collected alongside other Civil War relatedissues, the Grant half dollar was produced in two dis-tinct types; one with an incuse star above the N inGRANT on the obverse and the other lacking thestar. The present example, the more common of thetwo, is without a star, and as is typical of the type,holds soft luster that borders on partially prooflike.Evidence of mishandling is extremely limited with astrike that is, as is most often the case, incomplete inGrant’s hair. Light rose pastel toning rounds out theappearance. A pleasing Gem example of this scarcerissue. Housed in a first-generation PCGS holder.(photo) Est. 300-500

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188

188 1946 Iowa 50 Cents. PCGS MS65. Mintage:100,057. Celebrating Iowa’s statehood, the Iowa halfdollar marked the beginning of the end for the clas-sic commemorative series, as it marked the first is-sued to be produced since the 1930s and paved theroad for the later Booker T. Washington and Wash-ington-Carver types. As is typical of the type, the sur-faces of the present appear as nearly pristine withminor incompleteness in the central eagle and deli-cate golden-tan color around the peripheral devices.Housed in a first-generation PCGS holder. (photo)

Est. 80-100

189

189 1918 Lincoln 50 Cents. PCGS MS65. Mintage:100,058. Struck to commemorate the 100th year ofIllinois admission to the Union and one of the morepopular issues because of the fitting tribute to the na-tion’s 16th president, Abraham Lincoln. The presentsoftly lustrous Gem is lightly and attractively tonedwith pink and lilac coloration on both sides. Thestrike, often incomplete, is full with the reverse eagleshowcasing all of J.R. Sinnock’s intended design de-tails. Housed in an older green PCGS holder.(photo) Est. 200-400

190

190 1936 Long Island 50 Cents. PCGS MS65. Struckto commemorate the first European settlement onLong Island, the present example features a varie-gated golden patina over much of the obverse, withmostly white reverse surfaces. Inspection with a loupereveals typical marks for the grade level. Housed in afirst-generation PCGS holder. (photo) Est. 200-400

191

191 1936 Lynchburg 50 Cents. PCGS MS65.Mintage: 20,013. An attractive representative witheven shimmering luster in the fields and a ring of ca-nary-yellow color on the obverse edges and multi-colored pastel iridescence on the reverse. As is fairlycommon of the type, the surfaces remain minimallymarked with light planchet abrasions (as-made) thatare noted within the obverse centers. As was oftenseen on mid-1930s commemorative issues, the eventcelebrated was rather localized, which resulted inmost examples ending up in collector’s hands and innice condition today. (photo) Est. 200-400

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192

192 1920 Maine 50 Cents. PCGS MS65. Mintage:50,028. Much like the Grant commemorative halfdollar that was produced two years following, theMaine half, struck to celebrate the states 100th yearof statehood, often carries soft, satin-like luster thatis created from swirling die polish marks (as-made)that can be view with the aid of loupe. As a result ofcareless handling at the mint, distribution largely out-side of numismatic channels, and the flat design, trueGems are scarce. The current specimen however,fully qualifies, as only trivial evidence of contact is ev-ident and the strike is fully executed. A very high-endexample for the grade. Housed in a first-generationPCGS holder. (photo) Est. 200-400

193

193 1934 Maryland 50 Cents. PCGS MS65.Mintage:\n Mintage: 25,105. The Maryland half dollar, struckfor the 300th anniversary of its founding, features arugged portrait of Cecil Calvert on the obverse withthe state seal on the reverse. Not particularly wellcared for by the Mint during production, most ex-amples reveal areas of considerable striking weaknessthat leaves many visible planchet abrasions. Suchhowever, is not the case with the present example, asthe strike is among the strongest this cataloger hasencountered, and extremely thick mint luster domi-nates the eye appeal. Only the most minute ticks areevident even upon magnified inspection and solidlythis specimen of premium quality. Housed is a first-generation PCGS holder. (photo) Est. 200-400

194

194 1938 New Rochelle 50 Cents. PCGS MS65.Mintage: 15,266. Of particular interest to New York-ers, the New Rochelle half dollar, like the Albany andLong Island halves before it, was issued to celebratea significant anniversary in the areas history; the250th anniversary of settlement in this instance. ThisGem, like much of the survivors, is nicely preservedwith light luster grazes in the fields and typical cen-tral incompleteness that defines the grade level. Eye-catching radiant luster enhances both sides, withmostly untoned centers that yield to pastel yellowpatina primarily near the edges. Housed in a first-generation PCGS holder. (photo) Est. 200-400

195

195 1936 Norfolk 50 Cents. PCGS MS65. Mintage:16,936. Because of the busy design, the Norfolk halfdollar, while being one of the lowest mintage types inthe early commemorative series, is perhaps the mostfrequently found at the Gem and above level. Thecurrent coin is no exception with essentially brilliantsurfaces that appear pristine without the aid of mag-nification. Because of the period of certification thatthe present example was certified in seldom issuedgrades above the MS65 level, one might expect thatthis premium quality example might get the benefitof a higher numerical grade level if graded today.Housed in a first-generation PCGS holder. (photo)

Est. 300-500

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196

196 1928 Oregon Trail 50 Cents. NGC MS66.Mintage: 47,955. Struck to memorialize the 2,000mile trail that led early American pioneers from theeast to Oregon, the Oregon Trail half dollar is con-sidered by many to be the most beautifully designedin the early commemorative series, with a regal In-dian with hand outstretched on the obverse and afamily of pioneers in wagon traveling against a set-ting sun on the reverse. The current specimen isnearly untoned with stunning luster throughout andnary a blemish worthy of mention. Intricate strikingdetail further confirms the premium Gem grade levelmaking the present specimen ideal for type inclusion.(photo) Est. 200-400

197

197 1928 Oregon Trail 50 Cents. NGC MS66.Mintage: 47,955. A second 1928-dated examplewith attributes almost identical to the previous - thestrike is essentially complete, the surfaces brilliant,and the luster eye-catching. Also, only minusculeticks are evident upon close inspection and can benoted as the reason the Superb Gem grade wasn’tawarded. (photo) Est. 200-400

198

198 1936-S Oregon Trail 50 Cents. PCGS MS65.Mintage: 5,006. A better date in the series with glow-ing luster in the fields and attractive pastel antique-gold coloration over the surfaces. As is typical of thetype, several light marks on the Indian’s raised thighare noted and prevent a finer designation. (photo)

Est. 200-400

199

199 1939 Oregon Trail 50 Cents. PCGS MS65.Mintage: 3,004. The lowest mintage and final date inthe popular Oregon Trial half dollar series, withsteely surfaces that showcase satin luster in the fields.Close inspection confirms an admirable strike, withfull definition in the reverse bisons’ legs and surfacesthat have only small marks on the obverse Indian thatprevent a premium Gem designation. (photo)

Est. 300-500

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200

200 1936 Rhode Island 50 Cents. PCGS MS65.Mintage: 20,013. Issued for the 300th year of found-ing of Providence, the obverse design features a Pil-grim coming ashore a welcoming Indian with thestate seal on the reverse. This Gem represents thefullest extent of originality with a bountiful mixtureof variegated russet, gold, and purple coloration atopboth sides. Close inspection confirms the grade a ev-idence of contact remains extremely limited. Housedin a first-generation PCGS holder. (photo)

Est. 150-250

201

201 1937 Roanoke 50 Cents. PCGS MS65.Mintage:29,030. A boldly struck representative that was is-sued to commemorate the 350th anniversary of SirWalter Raleigh’s “Lost Colony” as well as the birth ofthe first child, Virginia Dare, in British North Amer-ica. The surfaces, when closely inspected, are con-firmed as full Gem quality with typically soft luster,few marks, and attractive iridescent patina thatsweeps primarily across the reverse. (photo)

Est. 200-400

202

202 1936 Robinson 50 Cents. PCGS MS65.Mintage:25,265. Issued alongside the Arkansas type that wasstruck to commemorate the 100th years of Arkansasstatehood. Somewhat dumfounding to most today,the obverse depicts the portrait of long-time politi-cian and local Senator Joseph T. Robinson, insteadon the originally proposed old coin design. Likemany of the commemorative types of the 1930s,most were supplied directly to collectors, but thecoins were not well cared for during production. Asa result, many Robinsons, with their open obversesurfaces, carry grade-precluding marks. The present,void of nearly all of such marks, can certainly be con-sidered premium for the type with attractive incan-descent luster atop the surfaces as well light tan andgold patina over a small portion of both sides.(photo) Est. 150-250

203

203 1935-S San Diego 50 Cents. PCGS MS65.Mintage: 70,132. Frostly luster accompanies bothsides with few marks for the grade level and a muchsharper strike, especially on the reverse observationtower, than is typically encountered. One of the mostplentiful commemorative halves, but widely collectedfor its beautiful design. Housed in a first-generationPCGS holder. (photo) Est. 80-100

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204

204 1925 Stone Mountain 50 Cents. PCGS MS65.FS-101, Doubled Die Obverse. Mintage: 1,314,709.A popular commemorative issue because of its CivilWar tie with dazzling luster in the fields, and palepastel coloration that traverses both sides. Inspectionwith a loupe reveals nice doubling on STONEMOUNTAIN, and in the date. Housed in an earlygreen PCGS holder. (photo) Est. 150-250

205

205 1936 Texas 50 Cents. PCGS MS65. Mintage:8,911. As is typical of most dates in the Texas series,the surfaces of this stunning Gem hold satiny ratherthan frosty luster and soft milky patina is evident inthe centers with faint touches of deeper color at theedges. Because of the immense state pride held bymany Texans, the issue has always been popular withcollectors with Gems remaining in constant demand.Housed in a first-generation PCGS holder. (photo)

Est. 150-250

206

206 1925 Vancouver 50 Cents. PCGS MS65.Mintage: 14,994. A beautiful Gem representative ofthis low-mintage better date issue which, until ahoard came out in the 1980s, had an estimated sur-viving population of only about 300 examples inchoice Mint State. The occasion for the striking, the100th year of settlement of the Fort Vancouver,Washington, was chosen as a result of the integral in-tegral role the fort played in the fur trade and wasvital to the growth of the Northwest. The present,likely a hoard coin, shows a light ring of purple andamber on the reverse as do many choice examples ofthe type. Inspection with a loupe confirms the gradeas the highpoints are void of the typical friction andrelatively few marks are apparent. Housed in a first-generation PCGS holder and sure to be treasured byits next owner.. (photo) Est. 500-700

207

207 1949 B.T. Washington 50 Cents. PCGS MS65.Mintage: 6,004. Bright luster dominates the eye ap-peal with typical planchet abrasions (as-made) re-maining within the central devices. Still, nearly acertain upgrade candidate with little to no post-strikemarks noticed on either side. The rarest date of theBooker T. Washington type. Housed in a first-gener-ation PCGS holder. (photo) Est. 50-70

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208

208 1949-S B.T. Washington 50 Cents. PCGS MS65.Mintage: 6,004. Thick frosty luster adorns both theobverse and reverse with an above-average strike thatplays out in fewer than is typical planchet abrasions(as-made) within the central devices. Housed in afirst-generation PCGS holder. (photo) Est. 50-70

209

209 1953 Washington-Carver 50 Cents. PCGSMS65. Mintage: 8,003. Boldly struck and lustrousfor the type with nearly full definition of the reversewhere the Texas state outline often shows notableweakness. A small crescent of vivid orange color onthe obverse enhances the appeal and makes this Gemparticularly collectible. (photo) Est. 50-70

210

210 1936 Wisconsin 50 Cents. PCGS MS65.Mintage:25,015. Another obscure mid-1930s commemora-tive issue that was struck to observe the centennialof the establishment of the territorial government isWisconsin. Very high-end in terms of preservation,the current half dollar is essentially brilliant, with ef-fulgent surfaces that show nary a mark. Housed in afirst-generation PCGS holder. (photo) Est. 200-400

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211

211 1936 York 50 Cents. PCGS MS65. Mintage:25,105. A lightly golden Gem that was struck for the300th anniversary of York County, Maine. As is thecase with many Yorks, the present example has beenwell cared for with the intricate central design detailprotecting it from visible contact marks or lustergrazes. A high-end example that is housed inside afirst-generation PCGS holder. (photo) Est. 150-250

Commemorative Gold

212

212 1926 Sesquicentennial 2.5 Dollars. NGC MS65.Mintage: 46,019. One of the two classic commemo-rative Quarter Eagles (not including the 1848 CAL.$2.5 which is generally not collected with the com-memorative series) to have been produced, the pres-ent struck to celebrate the 150th year of UnitedStates independence. Even straw-gold color domi-nates on both sides, with only minor flyspeck marksnoticeable with a loupe preventing a finer designa-tion. (photo) Est. 1,500-1,800

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The Waldman Collection

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