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Prices Rise for Pogue III Rarities

February 22, 2016

     While the overall coin market is rather lackluster with declines in most series, the market for true rarities continues to bring aggressive bidders to major auctions. The most recent D. Brent Pogue Collection, Part III, featured just 158 lots, but what a selection of rarities. This is the third of five planned sales of the Pogue Collection, which realized over $17 million, bringing the total thus far to just over $68 million.

     The highest priced rarity in this portion of the Pogue Collection sales was the 1793 Chain Cent, AMERICA in PCGS MS65 RB. This finest known brought $998,750. Another big highlight was the 1794 Half Cent that PCGS certified as MS67 RB; this is also the finest known for this date and it realized $940,000.

1794 Half Cent PCGS MS67 RB

1794 Half Cent PCGS MS67 RB sold for $940,000 at the D. Brent Pogue Collection Part III sale hosted by Stack’s Bowers Galleries and Sotheby’s in New York, February 9-10, 2016

     Early Cooper collectors can be some of the most avid when it comes to rarities, especially when those rarities have a distinguished pedigree. Among the Half Cents sold in Pogue Part III was a 1796 No Pole in PCGS MS67 RB, realizing $763,750; it is the finest known and comes from a long line of famous numismatists including Atwater and Eliasberg. A second 1796 Half Cent, this one with Pole, sold for $470,000; it was graded PCGS MS66 RB. The first Large Cent offering was a 1793 Chain AMERI. in PCGS MS61 BN; this brought $470,000 which was nearly twice the presale estimate.

     Listed below are a few of the Bust coins from Pogue Part III and the prices realized. We will have more on this fabulous sale in an upcoming article.

Date/DenominationGradePrice Realized
1822 Capped Bust DimePCGS MS66$129,250
1825 Capped Bust DimePCGS PR66$58,750
1830/29 Capped Bust DimePCGS MS67$64,625
1831 Capped Bust DimePCGS MS68$94,000
1833 Capped Bust DimePCGS PR66$120,630
1823 Bust Half Broken 3PCGS MS65+$64,625
1823 Bust Half Patched 3PCGS MS65+$19,975
1827/6 Bust HalfPCGS MS66$35,250
1827 Bust HalfPCGS PR67$258,500
1829/7 Bust HalfPCGS MS66$51,700
1832 Bust HalfPCGS MS67$42,300
1836 Bust HalfPCGS PR66+$152,750

     Another round of declines can be found in this week’s LD Wholesale Market Dealer Price Guide as a majority of dealers are concentrating on modern rarities and bullion. Many dealers are trying to reduce inventory and the only way to do that is to lower prices ahead of the competition. This is a great time to be a buyer.

     Half Dimes through Liberty Seated Dimes are showing a lot of downward adjustments. The 1841 Half Dime in PR65 is down to $28,250 Market. The 1853 Half Dime with Arrows is also lower at $7,250 in MS67. The 1844 Seated Dime in MS66 has dropped to $32,500.

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