Dear Numismatic Enthusiast,Welcome to the LARGEST and BEST ever Regency Auction! Anchored by numerous important collections, we have brokenthe sale into two days.Wednesday is our Dollar Day Auction, featuring the P.F.M. Collection of Morgan Dollars and the Crow River Collection ofPeace Dollars. The P.F.M. Collection ranks in the top 10 current PCGS Registry Sets for Circulation Strike Morgans, (#6 currentset). The Crow River Collection, like the record breaking $10 Indian Set assembled by the same collector, is full of handselected coins, pieces that are not just high grade, but also high quality for the grade and exceptionally eye appealing.In addition to these two anchor consignments, there are nearly 100 lots of other silver dollars, from early Draped Bust issues,to a really cool off-center Trade dollar, to MONSTER toned dollars (including selections from the Aurora Borealis Collection).If you collect silver dollars, you will definitely find something of interest. Day 1 will begin at 5:30 pm Central Time onWednesday, May 16.Thursday offers an unbelievable selection of RARE U.S. coins! We start Thursday with the Premier Collection of Proof BarberDimes, Mint State Barber Quarters, and Walking Liberty Half Dollars, all carefully chosen over several years by a very pickycollector customer of Legend.Coins from all U.S. series follow, with a high-end Fugio copper leading the way. Further selections from the Aurora BorealisCollection, this time WILD toned Indian cents, take center stage among a marvelous selection, which includes the FINEST1914-D cent, a PCGS MS66+ RD.The David Poole Collection of Proof 3 Cent Nickels is a remarkable study of this obsolete type, focused on CAM and DCAMcoins, all graded by PCGS.A small consignment of Seated half dimes and dimes is the epitome of FRESH and includes a monster H10C 1859 PCGSMS68+ CAC and a killer 10C 1836 PCGS MS67+ CAC.Further selections of type coins feature:• A nice run of No Motto Seated half dollars in Mint State;• The Dale Larsen Collection of Toned Late Date Walkers;• A complete set of Classic Head $2.50 gold;• The Oak Crest Collection of Carson City $5 gold.Within these great selections you will certainly find many great coins for your collection!Rounding out the sale is the Steven Cook Collection of Patterns, Part 1. The first offering features a diverse array of over 75pattern coins.We hope that among the 850+ lots that follow, you will find a few great coins for your collection! If we can be of anyassistance, do not hesitate to let us know.Warm regards,Julie AbramsPresident of Legend Rare Coin Auctions.
TERMS AND CONDITIONSThis is a public auction, conducted in accordance with these Terms and Conditions of Sale, by Legend Rare Coin Auctions(hereinafter referred to as “LRCA”). By bidding on any lot offered by LRCA, the bidder indicates acceptance of the followingTerms and Conditions of Sale. Bidders are to comply with the Terms and Conditions of Sale, posted on LegendAuctions.com, atthe time of the auction in which they are participating.BUYER’S PREMIUMA 17.5% buyer’s premium will be added to all successful bids, and is payable by the winning bidder as part of the total purchasecost.SALES TAXAll sales are subject to applicable state and local taxes. Any lots that are picked up and/or delivered in the state of Pennsylvania aresubject to applicable state and local taxes.PAYMENTAll merchandise must be paid for within TEN (10) days of the date of sale. We reserve the right to cancel any unpaid order afterthat time and to ban the bidder from future sales. Credit cards (Visa, MasterCard and Discover) are accepted for auction paymentsup to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, orwired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time forthem to clear appropriate banking channels. E-check payments available. Please call 732-935-1168 to set up your account.Please email [email protected] for bank-wiring instructions and/or to provide numismatic references.RETURN POLICYAll lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyoneon buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder arefinal. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, basedupon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history andorigin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that itis possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all itemsoffered in its sales. All items will be available for preview prior to the auction.SHIPPINGShipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment hasbeen received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier.The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or FederalExpress. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment.INTERNATIONAL SHIPPINGIt is not possible for LRCA to ship to some countries. Please email questions to [email protected]. Payment for allinternational orders is required in US funds. Please contact [email protected] for bank wiring instructions.Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States willinclude the required customs declaration and full value of the invoice.BIDS VIA TELEPHONEAn absentee bidder may also participate live, during the auction, via telephone. Requests for phone bidding must be received atleast three days prior to the auction date. Please fill out our phone bidding request form online or call 732-935-1168 to requesta call from one of our representatives during the live auction. LRCA cannot guarantee phone lines, but will make every effort toaccommodate those who wish to participate via this method.
RIGHTS & RESPONSIBILITIESThe auctioneer will determine the highest bidder. The auctioneer, alone, has the right to reopen the bidding for an item, if deemednecessary. LRCA and its representatives reserve the right to remove any attendees who impede the preview and/or the auction.Title to all merchandise shall pass to the winning bidder after receipt of good funds by LRCA. Bidders will be held responsible fortheir bids, including those bids placed incorrectly. PLEASE VERIFY BIDS BEFORE SUBMITTING THEM. In order to havea bid removed or corrected, bidder must contact LRCA prior to start of the auction. Bidder waives auctioneer’s responsibility andholds LRCA harmless for failure to recognize,accept, receive or execute any lost or missing bids by internet, telephone, email, floor bid, fax, mail or other means. LRCA reservesthe right to postpone or cancel an auction without notice. Lots may be withdrawn at LRCA’s discretion, without prior notice. Lotsmay carry a reserve. A reserve is a price below which the auctioneer will not sell an item, or will re-purchase the item on behalfof the consignor or for LRCA. LRCA permits bids to be placed by the auctioneer, or an employee of the auctioneer, up to thepre-determined reserve set by the consignor. Legend Rare Coin Auctions’ partner, Legend Numismatics, reserves the right to bidon items, for its own account and for the accounts of its clients.DISCLAIMER AND WARRANTIESNo warranty of merchantability or fitness for a particular purpose is made or implied on any lot. No warranty, whether expressed orimplied, is made with respect to any lot except for warranty of title, and in the case of title, auctioneer is selling only that right ortitle to the lot that the consignor may have as of the auction sale date. All lots are sold “as is” and with all faults. Purchaser herebyassumes all risks concerning and related to the grading, quality, description, condition, authenticity, and provenance of a lot.a. Coins and currency listed in this catalog graded by pcgs, ngc, or any other third party grading service or examined by the buyerprior to the auction sale may not be returned for any reason whatsoever by any buyer, except for claims related to authenticity.b. For non-certified coins that have not been examined by the Buyer prior to the Auction Sale: if it is determined in a review byLRCA that there is a material error in the catalog description of a non-certified coin or the LRCA no later than seventy-two (72)hours of delivery of the lots in question, and such lots are returned and received by LRCA, in their original, sealed containers, nolater than fourteen (14) calendar days after delivery, in the same condition the lot(s) were delivered to the Buyer, time being of theessence.c. If an item or items are returned pursuant to the terms herein, they must be housed in their original, sealed and unopenedcontainer.d. Late remittance or removal of any item from its original container, or altering a coin constitutes just cause for revocation of allreturn privileges.e. Grading or condition of rare coins may have a material effect on the value of the item(s) purchased, and the opinion of others(including independent grading services) may differ with the independent grading services opinion or interpretation of LRCA.LRCA shall not be bound by any prior, or subsequent opinion, determination or certification by any independent grading service.f. Questions regarding the minting of a coin as a “proof ” or as a “business strike” relate to the method of manufacture and not toauthenticity.g. All oral and written statements made by LRCA and its employees or agents (including affiliated and related companies) arestatements of opinion only, and are not warranties or representations of any kind, unless stated as a specific written warranty, and noemployee or agent of LRCA has authority to vary or alter these Terms and Conditions of Auction Sale. LRCA reserves the rightto vary or alter the Terms of Sale, either generally or with respect to specific persons or circumstances, in its sole discretion. Anyvariation or alteration shall be effective only if in writing and signed by an officer of LRCA authorized to do so.h. LRCA is acting as an auctioneer. Title to the lots purchased passes directly from the Consignor to the Buyer. Accordingly, LRCAis not making, and disclaims, any warranty of title.
i. Bidder acknowledges that the numismatic market is speculative, unregulated and volatile, and that coin prices may rise or fall overtime. LRCA does not guarantee or represent that any customer buying for investment purposes will be able to sell for a profit in thefuture.j. Bidder acknowledges and agrees that neither LRCA, nor its employees, affiliates, agents, third-party providers or consignorswarrant that auctions will be unimpaired, uninterrupted or error free and accordingly shall not be liable for such events.WAIVER AND RELEASEBidder, for himself, his heirs, agents, successors and assignees, generally and specifically waives and releases, and forever dischargesLRCA, and its respective affiliates, parents, officers, directors, shareholders, agents, subsidiaries, employees, managers and membersand each of them, and their respective successors and assignees from any and all claims, rights, demands and causes of actions andsuits, of whatever kind or nature, including but not limited to claims based upon Auctioneer’s negligence, whether in law or equity,tort or otherwise, whether known or unknown, suspected or unsuspected (a “Claim”), which Bidder may assert with respect to and/or arising out of, or in connection with any challenge to the title to or authenticity of any goods purchased, the sale itself, any lotbid upon or consigned, and/or the auction, except where such Claim is otherwise expressly authorized in these Terms of Sale. It isthe intention of Bidder that this waiver and release shall be effective as a bar to each and every Claim that may arise hereunder orbe related to the Auction Sale.DISPUTESIf a dispute arises concerning ownership of a lot or concerning proceeds of any sale, LRCA reserves the right to commence a statutoryinter-pleader proceeding at the expense of the Consignor and Buyer and any other applicable party, and in such event shall be entitledto its reasonable attorneys’ fees and costs. LRCA reserves the right to cancel or postpone the Auction Sale or any session thereof forany reason whatsoever. No Bidder shall have any claim as a result thereof, including for incidental or consequential damages. NeitherLRCA nor any affiliated or related company shall be responsible for incidental or consequential damages arising out of any failure ofthe Terms of Sale, the auction or the conduct thereof and in no event shall such liability exceed the purchase price, premium, or feespaid. Rights granted to Bidders under the within Terms and Conditions of Auction Sale are personal and apply only to the Bidderwho initially purchases the lot(s) from LRCA. The rights may not be assigned or transferred to any other person or entity, whetherby sale of the lot(s), operation of law or otherwise. Any attempt to assign or transfer any such rights shall be absolutely void andunenforceable. No third party may rely on any benefit or right conferred by these Terms and Conditions of Auction Sale.Any dispute arising out of or related to these Terms of Sale, the Auction Sale or any lot, with the sole exception of actions byLegend Rare Coin Auctions to collect amounts owed to it and other damages, shall be submitted to binding arbitration pursuantto the commercial arbitration rules of the American Arbitration Association, with any arbitration hearing to occur in MonmouthCounty, New Jersey. Absent an agreement of the parties, the arbitrator shall limit discovery to that which is necessary to enable thehearing to proceed efficiently. The arbitrator shall not have the power to award punitive or consequential damages, nor alter, amendmodify any of the terms of this Agreement. The award by the arbitrator, if any, may be entered in any court having jurisdictionthereof. Each party shall pay one-half the costs of the arbitration. Bidder acknowledges and agrees that the competent courts of theState of New Jersey shall have exclusive in personam jurisdiction, subject to the requirement to arbitrate, over any dispute(s) arisinghereunder, regardless of any party’s current or future residence or domicile. Bidder further agrees that venue of the arbitrationproceeding shall be in Monmouth County, New Jersey; and any court proceeding shall be in the Monmouth County SuperiorCourt, in the State of New Jersey, and in each case waive any claim of Forum Non Conveniens. Bidder agrees that any arbitrationor legal action with respect to this Auction Sale is barred unless commenced within one (1) year of the date of this Auction Sale.Auction participants expressly waive any right to trial by jury
LISTED BID INCREMENTSBid increments are to serve as a general guideline. Actual increments are at the auctioneer’s discretion.$0 - $199 $10$200 - $999 $25$1000 - $1999 $50$2,000 - $4,999 $100$5,000 - $9,999 $250$10,000 - $19,999 $500$20,000 - $39,999 $1,000$40,000 - $99,999 $2,500$100,000 - $199,999 $5,000$200,000 - $399,999 $10,000$400,000 - $999,999 $25,000$1,000,000 - $1,999,999 $50,000$2,000,000 and up $100,000 2018 CONSIGN NOW TO LEGEND’S AUCTION SCHEDULE: Official Auction for the PCGS Members Only Show THE REGENCY AUCTION 27 July 26th | Caesars | Las Vegas, NV THE REGENCY AUCTION 28 September 27th | Cosmo | Las Vegas, NV THE REGENCY AUCTION 29 November 15th | Hyatt Regency | San Antonio, TX LEGEND INTERNET ONLY PREMIER SESSIONS JUNE 14-24 JULY 12-19 CONSIGNMENT DEADLINE: JUNE 8 CONSIGNMENT DEADLINE: JULY 6 For more information about consigning, contact Julie Abrams ([email protected]) or Greg Cohen ([email protected])
P R I N C I PA L S Laura was raised in Highland Park, NJ. During high school, the coin bug hit her hard. Her trip to the 1976 NYC ANA left a lasting mark and huge desire for her to own and handle the greatest rarities. While attending Monmouth University, Laura attended coin shows more than classes. After college, she started LSS RCI, a wholesale coin company. In 1986, she realized the need for a “better” coin retailer and teamed up in 1986 with George Huang to form Legend Numismatics. In 1996 Bruce Morelan became a partner and since then Legend has exclusively built or assisted in assembling this generation’s greatest collections. In 2012 Laura saw the need for a smaller, boutique auction firm, and created Legend-Morphy with Dan Morphy, whom she split with in 2014. Today, Laura is also a leading consumer advocate for coins. The passion has never subsided, and she keeps a beautiful Proof Walker on her desk to this day.Laura SperberPartner Bruce started collecting coins when he was only six years old and by the time he was in high school his dream was to be a coin dealer. But life intervened and instead, Bruce went into business. By chance, he became Legend Numismatics’ financial backer in 1996. His great grandmother had given him three coins when he was young, one of which being a Trade Dollar, so he set out to build the finest Trade Dollar set. After a few years with ultra rarities, Bruce returned to his love of dollars and completed both a set of Gobrechts and a set of Seated Dollars. After selling those sets, Bruce recently returned to dollars with a new Gobrecht set and a spectacular early dollar set capped by his dream coin, the Amon Carter 1794 Dollar. Not many collector’s can say they have completed not only the finest 1794-1885 Dollar Sets and have over the years owned such coins as two 1913 Liberty Head Nickels, an 1894-S Dime, 1876-CC Twenty Cent piece, 1827 Original and Restrike Quarters, 1838-O Half Dollar, two 1885 Trade Dollars and four 1884 Trade Dollars!Bruce Morelan Julie Abrams started in numismatics in 1986 when she joined up with Bernard Rome and launchedPartner Teletrade, the first computerized auction company. Teletrade developed a unique coin trading method, utilizing state-of-the-art digitized voice board technology to run live auctions before the advent of theJulie Abrams internet. As President of Teletrade, Julie helped expand the company, increasing the frequency of auctionsPresident and expanding annual sales to $24 million within a few years. In 1999, GMAI, a publicly traded company, purchased Teletrade and Ms. Abrams became Executive Vice President of Sales for the parent company. Her job responsibilities included continuing her role as CEO for Teletrade as well as marketing to buyers and consignors, with the goal of maintaining a balance between inventory and sales while growing the business. In 2004 she joined Stacks-Bowers, an old world traditional auction house where she worked to expand their e-commerce presence, including the development of an online bidding platform for the firm. She also marketed Stacks’ programs to secure consignments from dealers and institutions such as banks, museums and universities. Julie is a member of the American Numismatic Association, the Central States Numismatic Association and Florida United Numismatists. S TA F F AUCTIONEER Bradley Karoleff Greg Cohen Serena Myers Patrick Braswell Ann Marie Van Pelt Matt Bell PHOTOGRAPHYSenior Numismatist Director of Controller John Emerson Art Director Office Manager Administration AUCTION COORDINATOR Jose Campos
Official Auctioneer of the PCGS Members Only Show Day 1 | Dollar Day | Lots 1 - 237Wednesday, May 16, 2018 | 5:30PM CT Fulton Street Salon III ................................................................................................................ Day 2 | Lots 238 - 855 Thursday, May 17, 2018 | 5:30PM CT Fulton Street Salon III LOCATION Harrah’s | New Orleans - At the PCGS Members Only Show Auction Room: Fulton Street Salon III 228 Poydras St, New Orleans, LA 70130 LOT VIEWING Tuesday, May 15th 1PM-6PM CT | Location: Vieux Carre Ballroom Wednesday, May 16th 9AM-4:30PM CT | Location: Vieux Carre Ballroom Thursday, May 17th 9AM-4:30PM CT | Vieux Carre Ballroom LOT PICKUP & SETTLEMENT Friday, May 18th 9AM-11AM CT | Location: Vieux Carre Ballroom ON LOCATION PHONE NUMBER: 732-233-0719 17.5% Buyer’s Premium Legend | Rare Coin Auctions • legendauctions.comP.O. Box 9, Lincroft NJ 07738 • [email protected] • Tel. 732-935-1168 Fax 732-935-1807 | Hours: Open M-F / 9AM-5PM PT
DOLLADR ADYAY1W hile Legend Rare Coin Auctions has a long numerous highlights including: 1879-CC Capped tradition of offering some of the FINEST Die. PCGS MS65; 1879-O PCGS MS66 Ex Jack Lee silver dollar collections (like the #1 Coronet 2; 1878/79-O PCGS MS65 PL Ex PCGS Tour; 1884-SCollection sold by us in 2015), we have been blessed PCGS MS63; 1889-CC PCGS MS63; 1891-O PCGSwith not one but two great complete sets to anchor MS65 DMPL CAC Ex Jack Lee; 1892-S PCGS MS65;our May Regency 2018 Sale so we decided to create a 1893-S PCGS AU58 Ex Shrike Set; 1895-O PCGSspecial “Dollar Day”session. The special full sets are the MS63; 1896-O PCGS MS64; 1899-O Micro O. PCGSPFM Morgans (#6 on th PCGS Registry) and the Crow MS64+ CAC; 1899-S PCGS MS67 CAC; 1904-S PCGSRiver Peace Dollar Collection. There are also several MS67 CAC Ex Coronet Collection.outstanding pieces from the Aurora Borealis Collection After the presentation of the P.F.M. Collection, Morganof Toned Morgans. In all, the 237 lots comprise an dollars will continue with the properties of other importantexceptional offering that has something for everyone! consignments, and these are presented in untoned andThe first lot is a fitting introduction to the silver dollar, a TONED selections. The toned selections are anchored byMexican 1741 8 Reales or Mexican “Pillar Dollar.” This duplicates of the world-class Aurora Borealis Collection.is the first coin listed in the Guide Book of United States Anchoring the Peace Dollars is the Crow River Collection.Coins and is the foundation of our dollar based economy. Assembled by the dedicated collector who put togetherFollowing this CHOICE Mint State piece, are a few Draped the record breaking $10 Indian set we sold in RegencyBust dollars, both in Mint State, as well as very popular Auction XXIII. While he was patiently waiting for certaincollector grades. A small selection of Seated Liberty and coins to appear for that set, he worked on this amazing,Trade dollars follow, with a gorgeous 1865 PCGS PR64+ SUPERB set. The 1927-D is the PCGS MS66 CAC ex JackCAM CAC, a really cool 1878 Trade struck 5% off center Lee and the 34-S is graded MS66 CAC.and a killer 1925 PCGS MS67+ CAC as highlights. All told, if you collect Silver Dollars, you CANNOT missThe P.F.M. Collection, which is a complete circulation this great session! Happy collecting!strike set, the #6 PCGS Registry Set, follows with
LOT 1 MEXICO. 8 REALES 1741-Mo MF. PCGS MS62 For generations of Collector’s, the first numismatic reference is the annually published Guide Book of United States Coins (known simply as the Red Book because of its iconic cover). The first coin you encounter in that book is the Mexican “Pillar” dollar, or 8 Reales. This iconic coin was struck from 1732 to 1771, and served as specie in the colonial economy. The entire American monetary system of dollars used the 8 Reales as its model, and much of American Colonial paper money wasbacked by “Spanish Milled Dollars”--this coin. Spanish colonial coins circulated in day to day transactions as legal tender in the United States until 1857. The coin we are offering here is boldly struck and quite distinctive with an intensely reflective, prooflike luster. A lovely honey-gold with rich amber accents toward the rims add a wonderful depth to the eye appeal.PCGS 3, NGC 4. There are a handful of this date graded finer, but it is unlikely many have this great eye appeal. A great coin for anyone building a set of silver dollar type coins to represent “where it all began.” PCGS# 670034 | ESTIMATE: $3,000+ LOT 2 LOT 3 $1 1797 10 X 6 STARS. PCGS VF30 $1 1798 SMALL EAGLE, 15 STARS. PCGS VF25B-3, BB-71. A lovely, choice collector grade early Bust dollar. B-2, BB-81. This is the only die marriage for this variety, andSuperb definition remains despite the light wear. Aside from a tough R-3 with perhaps 500-900 known in all grades. a few teeny ticks and lines, the surfaces are smooth andretain a wonderful, wholesome look and we have seen coins The presently offered example saw years of circulation; graded XF that do not have the bold detail or good looks of but the wear is even, and with only a few minor scuffs and marks on the reverse, the surface quality and eye appeal are this early dollar. well above average for the assigned grade. This example hasPCGS 44, NGC 10. The most recent PCGS-graded coin sold moderate tone and is very attractive for a VF25. in April 2016 for $5,170 (that coin was CAC). The current PCGS Price Guide value is listed at $6,500 and this really PCGS 22, NGC 2. The last one to sell brought $5,405 in April eye appealing coin should see premium bidding. 2017, and it did not have the eye appeal of this coin, nor did the one in the March 2017 mid-winter ANA sale, that brought PCGS# 6865 | ESTIMATE: $4,000+ $5,581. The current Collector’s Universe value is listed at $6,750. This coin is certainly worthy of any variety set of Bust dollars and keep in mind this is not a variety that comes nice, so be prepared to duke it out to add this one to your set! PCGS# 6868 | ESTIMATE: $5,250+
LOT 4 $1 1802/1 B-1, BB-231. CLOSE DATE. PCGS AU55 CAC An amazing, high grade survivor! Dave Bowers estimates that perhaps 100-175 examples survive in all grades, and his most recent list of “Notable Specimens” range in grade from AU58 to XF45. This GEM AU has a bold, totally original look. Richly toned on both the obverse and reverse, a wealth of underlying satiny silver luster glows from under the dove, pewter, gold, and olive patina. Ms. Liberty, the eagle, and all the devices are criply struck and retaining bold definition with only the slightest hint of high point friction. PCGS 5, NGC 2, CAC 3. No CAC approved AU55s have ever sold in auction (an NGC AU55+ CAC sold in June 2016 for $11,750). All the AU55s that have previously sold in auction were B-4, BB-232 which is a much more common variety. As such, this condition census B-1, BB-231 should bring a strong premium from the early dollar specialist! PCGS# 6898 | ESTIMATE: $10,000+10
LOT 5$1 1802 PCGS MS63+A wonderful, nearly Condition Census grade B-6, BB-241.Brilliantly lustrous, with an intense satin vibrancy thatbrings life to a rich rose, gold, pewter patina. Accents oflilac and soft violet hues adds to the wonderful eye appeal.The details are sharply impressed, crisply rendered by anexacting, well centered blow from screw press. Even underintense scrutiny with a powerful glass, you will be hardpressed to find any serious ticks or marks.PCGS 8, NGC 8. This is the ONLY MS63+ graded by eitherservice, and only four coins are graded finer at PCGS. Thecurrent Collector’s Universe value is listed at $72,500 andthe only coin finer to sell in auction was the Stickney-Clapp-Eliasberg-Pogue coin that sold for $329,000 inMarch 2017. Whether you are looking for a CHOICE earlydollar for a type set, or an advanced date set of Bust dollarsthis coin presents a very important opportunity for theadvanced collector. Don’t let this opportunity pass you by!PCGS# 40087| ESTIMATE: $65,000+ 11
LOT 6 $1 1841 PCGS AU58 A delightful, very nicely toned early Seated Liberty dollar in nearly Mint State condition. The fields display a semi-watery lustrous nature and when viewed under a light it brings out the lovely original hues. The strike is bold and despite some very minor contact marks, the eye appeal is certainly better than average. PCGS 45, NGC 53. The eye appeal of this coin is better than the last two examples that sold in auction: the most recent in August 2016 for $1,293 and the one before that in April 2016 for $2,350. The current PCGS value is $1,550. A nice looking coin for an “everyman” type set. PCGS# 6927 | ESTIMATE: $1,200+ LOT 7 $1 1863 PCGS PR65+ A GEM quality Civil War date Seated dollar. Very rare so fine, only 460 were struck, and clearly this one is among the higher graded pieces at PCGS. Sharply struck on both sides, the devices are frosted and the mirrored fields have a flashy watery type reflection. At certain angles the obverse mirrors really do beam from under the rosy-slate toning with accents of lilac, violet, sky-blue and light gold. There are some microscopic hairlines under the colorful toning. The GEM quality is unquestioned! Only 460 Proofs were struck. PCGS 7, NGC 15. This is the SOLE PR65+ at PCGS. There are only 10 coins finer at the PCGS. The current Collector’s Universe value is listed at $26,000. This coin has not appeared in auction. A great coin for any Civil War era specialist! Good luck. PCGS# 7006 | ESTIMATE: $16,500+12
LOT 8 $1 1865 PCGS PR64+ CAM CAC Mother Nature and Monet teamed up to create the ultimate beautiful Proof Seated Dollar. The quality is extremely High-end! Deep and glittering mirrors beam unbroken from all over. The mirrors are also crystal clear and have an intense reflection. Only a small line or two can be detected if you look hard and use a strong glass. Wild and totally original rings of royal blue/green/violet open into softer champagne/pale tangerine on the obverse. The reverse has a deeper gold/violet/purple color (probably from lying on felt). Miss Liberty and the details are thickly frosted and have full strikes. As we said in the headline, the eye appeal is jaw dropping on this ultimate creation! Only 500 were minted. PCGS 16, NGC 19, CAC 5. PCGS has graded only 3 coins PR64+ cameo. The current Collector’s Universe value is $8,500 which really has little to do with a coin of this caliber. We see virtually no similar coins of any date ever offered. Opportunity knocks loud, are you ready to answer?! PCGS# 87008 | ESTIMATE: $8,500+LOT 9$1 1865 NGC PR65A GEM that is beamingwith reflective mirrors onboth sides. Elegant deepazure, teal, rose, andgold tones are broughtout by the bold mirroredfields. In general themirrors offer great clarityand are icy smooth. Bothsides are fully struck up.From a mintage of only500, the 1865 representsa conditionally rare date,as well as the last of theregular issue No Mottodates (the ultra rare 1866does not count). This handsome coin is among the finest graded by either service.PCGS 28, NGC 30. This coin brought $10,575 in June 2015 and a few months earlier, it sold for $11,750. NGC has graded 10coins finer in the non-CAMEO designations. A lovely coin that will delight any proof dollar collector.PCGS# 7008 | ESTIMATE: $8,500+ 13
LOT 10 $1 1872 PCGS PR62 CAC A very pleasing coin for the assigned grade with bold reflective mirrors. A dusting of light toning on both sides, most noticeable on the reverse adds to the eye appeal. Housed in a first generation PCGS encapsulation. Only 950 Proofs were struck. PCGS 50, NGC 20, CAC 4. We think that a good number of these graded PR62 are duplicated submissions in hopes of receiving a higher grade. A pleasing coin in an ancient encapsulation. PCGS# 7020 | ESTIMATE: $2,800+ LOT 11 $1 1877-S PCGS MS65 CAC An exceedingly HIGH-END GEM. This coin looks like it sat somewhere undisturbed since the day it left the mint 140 years ago! Insane surfaces are the epitome of perfection. What looks like some activity is nothing more than some irregular toning. We went over this coin with a strong glass and found ZERO impairments. The surfaces look as smooth textured as you will ever find. A moderate luster (which is strong for a 77-S) enhances the even, original toning. Both sides are blanketed by a moderate mix of champagne/pale purple/pale brown colors. Miss Liberty and every detail are so fully struck you do not need a glass to see the frost or the features standing out. The eye appeal is neat! PCGS 31, NGC 28, CAC 13. The last PCGS CAC piece to sell in auction brought $7,800 in February 2018. The current Collector’s Universe value is $8,500. We think this coin will easily eclipse that number. This will be a great addition to ANY GEM Trade Dollar or Type set. PCGS# 7046 | ESTIMATE: $8,000+14
LOT 12$1 1878-S TRADE. STRUCK 5% OFF CENTER. PCGS XF40A remarkably RARE and impressive mint error, one ofperhaps three known Trade dollars struck off center. It is,in the words of noted error specialist, Fred Weinberg, a“trophy” error coin.Struck off center towards 1:00 on the obverse, there is amargin along the opposite rim. We highly doubt that thiscoin actually circulated, but was carried by the fortuitousperson who discovered it as a pocket piece. Only lightfriction is noted, all the devices retain strong definitionthroughout. Very cool, deep toning “pulls away” from theperipheral devices accentuating the off center strike. Theeye appeal is clearly unique and intriguing. This is a VERYRARE error, possibly unique for the date, and perhaps ahandful exist for the entire series.Our estimate is based on our consignor’s conversations withFred Weinberg; Fred believes that this coin could realizeanywhere between $35,000 and $50,000, but who knows!This a truly unique opportunity to acquire a very importantand visually impressive Mint error. We would like tocongratulate the winning bidder in advance on this one!PCGS# 7048| ESTIMATE: $35,000+ 15
PFM COLLECTION OF MORGAN DOLLARS Legend Rare Coin Auctions is Proud to auction the graded over the course of their 32 years of grading coins. current #6 PCGS Registry Set in the Morgan Dollars Highlights of this collection, include, but are certainly not Basic Set, Circulation Strikes (1878-1921). Not only is it limited to: complete by date and mintmark, but the collector also 1879-O PCGS MS66 CAC Ex Jack Lee II included major varieties that are popularly collected with 1880 PCGS MS66 PL the regular issues and are there to augment the depth of 1880/79-O PCGS MS65 PL the collection. 1884-S PCGS MS63 The P.F.M. collector has carefully assembled this set over 1886-S PCGS MS66 PL Ex Jack Lee-Naples II the course of nearly two decades, starting roughly in 1889-O PCGS MS66+ 2001. As you review the following lots, you can clearly 1890-S PCGS MS66 PL tell that assembling this set was a labor of love for the 1891-O PCGS MS65 DMPL CAC Ex Jack Lee collector. Many of the coins come from such great 1892-S PCGS MS65 collections of the past like: Jack Lee, Coronet, PCGS Tour, 1893-S PCGS AU58 Ex Shrike Cajun, and Shrike. 1896-O PCGS MS64 Seeking out mostly untoned or lightly toned examples, 1899-O Micro O. PCGS MS64+ CAC each coin was carefully selected for exceptional strikes, 1904-S PCGS MS67 CAC Ex Coronet bold luster, and strong eye appeal. For good measure, the Whether or not you currently collect Morgan Dollars, the collector also made sure to have a fair number of PL and P.F.M. Collection may well inspire you to start a set of this DMPL designated coins to add to the visual allure. Many very challenging, perennially popular series. On behalf of of the coins are among the finest examples PCGS has the consignor, we wish you happy bidding! LOT 13 $1 1878 8 TAIL FEATHERS. PCGS MS66 CAC The first of many different Red Book varieties struck in this most popular series. The first reverse type was struck with the eagle having 8 tail feathers--which is not accurate, as bald eagles have 7 tail feathers. After the ornithological error was pointed out, the reverse was redone to make it correct. 699,300 examples of the 8 Tail Feather reverse were struck, and this one is a very rare HIGH GRADE survivor--typically these are seen in MS65 or lower. Impressive cartwheel luster blooms on both sides, with the obverse showing hints of subtle reflective flash in the fields. Morgan’s portrait of Liberty is fully rendered and her cheek is fully frosted and nearly pristine. Save for a tiny gold spot on the central reverse, the entire coin is brilliant, untoned silver and the eye appeal looks as though this coin just left the press. PCGS 90, NGC 33, CAC 26. There are seven coins graded finer at PCGS, NONE at NGC. The last CAC-approved PCGS coin to sell in auction realized $5,875 in the 2016 ANA auction; CAC-approved examples prior to 2015 were selling for $8,000+! The current PCGS Price Guide lists a value of $5,250 but we think this coin will surpass that level rather easily. Anything finer is a five figure coin, and precious few exist for the collector to ever hope to obtain. PCGS# 7072 | ESTIMATE: $5,000+16
PFM COLLECTION OF MORGAN DOLLARS LOT 14 $1 1878 7 TAIL FEATHERS REV. OF 1879 PCGS MS65 CAC Ex. The Shrike Set. A high-end, eye appealing GEM 7 Tail Feather dollar. Brilliant, pearly satin-like luster graces the fields. Morgan’s portrait of Liberty is boldly impressed and the details are nicely frosted. We note, for full disclosure, a few teeny frost breaks and tiny scuffs that do not affect the eye appeal.PCGS 455, NGC 179, CAC 50. When sold in the January 2011 sale of the Shrike Set, this GEM sold for $2,530. A very popular and scarce major variety struck during the first year of this ever popular series. PCGS# 7076 | ESTIMATE: $1,800+LOT 15$1 1878 7/8 TAILFEATHERS, WEAK.PCGS MS66Sitting at the pinnacleof the PopulationReport with 14 otherreported examples, thissatiny-white specimenis a very important“pop-top” examplefor the Registry Setcollector. Sharplystruck, frosty devices aresurrounded by lustrous,untoned fields.PCGS 15, NGC 0.None are graded finerat PCGS, and the finest NGC has graded is MS65. The current PCGS Price Guide value is listed at $4,000, however there arenumerous records in the $6,000 to $8,250 range, going back nearly 20 years. This coin is ex. Heritage’s July 2004 New Yorksale, lot 7016, where it realized $6,555. An attractive GEM worthy of inclusion in any high ranking Morgan Dollar Registry Set.Good luck!PCGS# 7070 | ESTIMATE: $3,500+ 17
PFM COLLECTION OF MORGAN DOLLARS LOT 16 $1 1878 7/8 TF, STRONG. PCGS MS65 DMPL EX JACK LEE Among legendary Morgan dollar Collector’s, the name Jack Lee ranks at the top of the list; his collections are historic and coins bearing his pedigree are often among the finest, if not the finest. The present coin is a bold, GEM DMPL that was once part of Jack’s famed collection. From the Jack Lee Collection, it found its way into the Dr. Volker Dube Collection (Heritage’s 2005 FUN auction, lot 10941), where it was described in part: “This is a fully brilliant example with deeply mirrored fields and lustrous silver devices, provided excellent cameo contrast. Examples of this issue are sometimes encountered with prooflike fields on one side or the other, but rarely with both sides exhibiting mirrored fields, and almost never with deeply mirrored fields on both sides as seen here.” Today, the coin is still housed in the old green tag PCGS holder and the eye appeal is just as brilliant as it was over 13 years ago! The richly reflective fields boast intense clarity and the devices are fully frosted, producing very impressive cameo-like contrast. The eye appeal is excellent! PCGS 3, NGC 0. In its most recent auction appearance (FUN 2007), this GEM sold for $16,100. The current PCGS Price Guide suggests a value of $20,000. Without an example sold in over a decade, this coin could see a price higher than that when the gavel falls--and it would not be a total shock. PCGS# 97079 | ESTIMATE: $15,000+18
PFM COLLECTION OF MORGAN DOLLARS LOT 17 $1 1878-CC PCGS MS66 PL An impressive GEM that borders on an even higher adjective grade. Impressively lustrous with strongly reflective fields. Sharply struck throughout with fully frosted devices on both sides. A couple of light bag marks are observed when viewed with a strong light, but they are mostly trivial and do not impede the high-end look. The first Carson City Morgan dollar issue, and none are graded finer in the PL designation. PCGS 9, NGC 11. The last PCGS coin to sell realized $12,000 in a December 2017 auction (was CAC) and a non-CAC NGCcoin sold in October 2016 for $12,925, making the $8,000 PCGS Price Guide value seemingly too low! This coin’s eye appeal is equal to those two examples, and should see similarly strong bidding when this GEM crosses the block! PCGS# 7081 | ESTIMATE: $8,000+LOT 18$1 1878-S PCGS MS66PLExtremely flashy andawash with a brilliantsilver luster that danceson both obverse andreverse of this GEM.Sharply struck thedevices are crisplydefined by an exactingblow from the dies, andthey are fully frosted,giving a decent amountof contrast. A delicatepearl-like iridescence canbe seen in the fields, butthe mirror-like fields dohave decent clarity anddepth. A few microscopic marks and a tiny spot do not mar the eye appeal, but will serve to identify this coin in the future.PCGS 16, NGC 25. Only 2 coins are finer at PCGS within the PL designation, both MS68 PL. The current PCGS Price Guidelists a $3,450 valuation in MS66 PL, and the most recent examples, graded by both PCGS and NGC have sold around $2,600.This coin, housed in an early blue tag holder has a great, fresh look, and is a lovely example of a coin that will be veryexpensive to find any finer.PCGS# 7083 | ESTIMATE: $2,500+ 19
PFM COLLECTION OF MORGAN DOLLARS LOT 19 $1 1879 PCGS MS66 With an original mintage of over 14.8 million, you would think that this date would be relatively common at the MS66 level--it is NOT. Indeed, this is a major condition rarity at this premium GEM level. Displaying a bold look, this brilliantly lustrous, untoned 1879 is fully prooflike on the obverse, while the reverse has a thick, satin-like frost. The devices are boldly embossed into the planchet, and the details are fully frosted, imparting a decent contrast on the obverse. We note a few unobtrusive areas of contact that do nothing to mar the excellent eye appeal. PCGS 238, NGC 76. This coin was once part of the Clarke Marie Collection (Heritage, September 2004, lot 8304) and sold for $4,600. Since then, PCGS MS66 examples have sold in a wide range of prices (mostly in the $2,500-$3,000), and the current PCGS Price Guide value is listed at $2,300. Keep in mind that if the reverse was also fully PL, this would be easily be a $7,000+ coin! Good luck! PCGS# 7084 | ESTIMATE: $2,500+ 2018 CONSIGN NOW TO LEGEND’S AUCTION SCHEDULE: Official Auction for the PCGS Members Only Show THE REGENCY AUCTION 27 July 26th | Caesars | Las Vegas, NV THE REGENCY AUCTION 28 September 27th | Cosmo | Las Vegas, NV THE REGENCY AUCTION 29 November 15th | Hyatt Regency | San Antonio, TX LEGEND INTERNET ONLY PREMIER SESSIONS JUNE 14-24 JULY 12-19 CONSIGNMENT DEADLINE: JUNE 8 CONSIGNMENT DEADLINE: JULY 6 For more information about consigning, contact Julie Abrams ([email protected]) or Greg Cohen ([email protected])20
PFM COLLECTION OF MORGAN DOLLARSLOT 20$1 1879-CC PCGS MS64+ PL CACAbout as high-end and and eye appealing that you couldever hope for without spending much more on a GEMDMPL. This 64+ PL has bold contrast between the sharplystruck devices and highly reflective fields. The mirroredfields offer bold clarity that offer intense contrast. The eyeappeal is exceptional with minimal abrasions that are notlocated in any prime focal areas, and the all importantcheek is very clean--it would impress even the mostpersnickety of old time Morgan specialists!PCGS 85, NGC 52, CAC 21. In MS64+ PL, PCGS hasgraded a mere 4 coins, NGC 1. There have been threeauction appearances in this grade, with this coin being thefirst to sell, realizing $21,850 in April 2012. The currentPCGS Price Guide value is $18,000. VERY RARE any finer,with nine coins graded finer in the designation. In MS65PL the most recent example to sell in auction was in 2010!This coin presents a grand opportunity for any seriouscollector who wants a fully reflective PL that displaysmoderate cameo-like contrast without the price tag of aGEM DMPL! As such, we can see many Collector’s vying toadd this beauty to their sets.PCGS# 7087 | ESTIMATE: $16,000+ 21
PFM COLLECTION OF MORGAN DOLLARS LOT 21 $1 1879-CC PCGS MS65 A wonderful GEM example of this important KEY date Carson City issue. Struck with a mintage of just over 3/4 of a million pieces, very few were in the GSA holdings released in the early 1970s. Most examples that survive are circulated, and of the Mint State survivors, very few are in such fine condition. Boasting a luxurious luster that rolls along the nearly pristine surfaces, this 79-CC is thoroughly impressive to behold. While we note the normal softness in Liberty’s hair curl just above the ear, the rest of the design elements enjoyed a bold strike throughout. Somehow, this GEM survived without being marred by any serious contact, and was lovingly cared for since striking. PCGS 98, NGC 47, CAC 35. The most recent PCGS-graded examples sold in our December 2017 Regency Auction, where a similar example realized $21,150. The PCGS Price Guide lists a $24,000 value. VERY RARE any finer, with just a baker’s dozen finer--the finest grading MS66. This is an important GEM coin that even the pickiest of Collector’s will be proud to own! PCGS# 7086 | ESTIMATE: $18,000+22
PFM COLLECTION OF MORGAN DOLLARSLOT 22$1 1879-CC CAPPED DIE. PCGS MS65The Capped Die variety is avidly sought, and the name isa bit of a misnomer, some catalogers more accurately callit “CC over CC” Listed as a Top 100 variety in the VAMseries, it is a popular Red Book listed issue. In the past, theCapped Die was thought of as “a poor man’s 1879-CC,”but modern research has proven how rare this issue is!A very attractive example of this important rarity! The lusteris quite bold, with brilliant, rolling cartwheels that in alight show off a flashy, semi-reflective texture in the fields.This reflectivity is shy of the full PL designation but it doesimpart a great look. Ms. Liberty and the eagle are crisplystruck up, and essentially full in definition. The devices arealso frosted, and unmarred from any distracting marks orscuffs from bag or other storage means. Essentially brilliantand untoned, there is a faint, delicate dusting of clear goldthat only appears at certain angles.PCGS 12, NGC 9. This coin last appeared in auction duringHeritage’s offering of the Snake River Collection, 2010 ANAauction, lot 3338, where it sold for a record realization of$63,250. Since then, the Coronet Collection example thatwe sold in 2015 sold for $45,825. PCGS lists a value of$41,500. We are not sure why the prices have come down,but this coin’s quality will speak for itself!PCGS# 7088 | ESTIMATE: $40,000+ 23
PFM COLLECTION OF MORGAN DOLLARS LOT 23 $1 1879-S REVERSE OF 1878. PCGS MS65 CAC A brilliantly frosty P.Q. GEM! Sharply struck with essentially full definition throughout the devices. None of the tiny ticks are in any focal area of the design, nor do they impair the boldly lustrous eye appeal. Two major varieties of Morgan dollars were struck in San Francisco in 1879, each utilizing a different reverse style. The Reverse of 1878, is considerably rarer than the Reverse of 1879, and is identified by a flat breasted eagle and the angle of the top feather on the arrow is flat. PCGS 65, NGC 18, CAC 6. Only two PCGS/CAC graded examples have ever sold in auction, both in 2010--nearly 8 years ago--one in August for $5,750 and one in November for $5,463. The current PCGS Price Guide value is $4,500 and with only two coins graded finer (both MS66), this is as fine as you will ever be able to obtain for your set (unless you want to pay mid-five figures for a 66, should one appear again--its been nearly 7 years since the last one sold in auction). We can see this truly PQ GEM being bid to a very strong level. PCGS# 7094 | ESTIMATE: $4,200+ LOT 24 $1 1879-S PCGS MS68 PL WOW! There is a lot to enjoy about this SUPERB, reflective GEM! The first thing, aside from the flashy prooflike fields is the exceptional smoothness of Liberty’s fully frosted cheek. Even using a strong glass, you will not find a single flaw, not even a minor graze. The fields, are likewise, generally free of any post mintage issue; we will note some die polish lines, raised die rust, and a pair of planchet flecks (on the reverse)--these are mint made and do not affect the numerical grade. While a common date, featuring the 3rd Reverse (or Reverse of 1879), it is EXTREMELY RARE in this ultimate state of preservation. PCGS 3, NGC 3. Obviously NONE ARE GRADED FINER in PL at either service. The most recent example to sell in auction was in July 2015 for $14,688, and that coin was CAC-approved. Prior to that, one sold in June 2011 for $14,375, and that was the first to sell ins April 2008--clearly this is not a grade that is offered with any frequency! The current PCGS Price Guide value is listed at $17,500. A great coin for anyone building a SUPERB set of Morgan dollars, or for someone wanting an example for type in an ultra high grade--either way we expect intense bidding for this one! PCGS# 7093 | ESTIMATE: $13,000+24
PFM COLLECTION OF MORGAN DOLLARS LOT 25 $1 1879-O PCGS MS66 Ex. The Shrike Set. Our consignor purchased this magnificent GEM 79-O from the 2009 FUN auction of the Arno Collection. Earlier this coin was a part of the Jack Lee 2 collection. You know that most of the coins that Jack Lee owned were of the highest quality and eye appeal--this coin really is no exception to that rule! First, the luster has full rolling cartwheels that just beam and bloom in the light. Ms. Liberty is fully struck up and even the most minute details in her hair and headband are razor sharp in definition. Her cheek shows a thick frost and is icy smooth, a trait that will truly delight any fastidious collector!A delicate touch of clear gold is mostly confined to the extreme periphery. All in all, this is a highly desirable coin, boasting one of the most famous pedigrees for Morgans and a great eye appeal to boot! PCGS 23, NGC 7. Only four coins are graded finer, all MS66+. Back in the above cited FUN auction, this coin realized $17,250. The other Jack Lee Coin found its way into the Coronet Collection, where it most recently sold for $29,375 in our Regency Auction XII. The current PCGS Price Guide value is listed at $18,000 and we would not be surprised if this beautiful GEM broke through that level when it crosses the block! PCGS# 7090 | ESTIMATE: $14,000+LOT 26$1 1880 VAM 9, 8/7,STEM. PCGS MS65CACA TOP 100 VAM. Boldlylustrous and generallywell struck, this is a verynice 1880 regardless ofvariety. The 8/7 overdatewas discovered in 1968by Ted Clark, and tracesof the mostly effaced7 under the second 8can be seen within theloops.PCGS 36, NGC 4, CAC142 (CAC does notdesignate this overdateon their population report. The current PCGS Price Guide value is $900 and the most recent example sold in August 2016for $793!PCGS# 41097 | ESTIMATE: $700+ 25
PFM COLLECTION OF MORGAN DOLLARS LOT 27 $1 1880 PCGS MS66 PL A splendid, boldly reflective GEM that last appeared in auction in 2010. Vibrant mirrored fields provide a subtle contrast against the frosty, well struck devices. Both sides are basically untoned, save for the slightest hint of a pale white iridescence that comes out when tilted at certain angles in a light. PCGS 2, NGC 6. This is the Arno Collection coin that sold for $5,752 in the 2009 FUN auction, but more recently sold for $6,900 in a March 2010 internet auction. The current PCGS Price Guide value is listed at $8,500 and since none have sold in a major auction since 2009, we can see a bidding war break out to add this GEM to an advanced cabinet. Good luck! PCGS# 7097 | ESTIMATE: $5,500+ LOT 28 $1 1880-CC PCGS MS66 CAC Strong mint brilliance sets both sides aglow in a vibrant luster. Nicely struck and untoned, this GEM greets the viewer with a wonderful eye appeal. PCGS 864, NGC 600, CAC 182. The current PCGS Price Guide lists a value of $1,750 and according to the auction database, every PCGS/ CAC coin has sold in excess of that level. We have no doubt that this minty fresh GEM will continue that trend. PCGS# 7100 | ESTIMATE: $1,600+26
PFM COLLECTION OF MORGAN DOLLARSLOT 29$1 1880-CC 8/HIGH 7. PCGS MS67 CACTruly a beautiful, brilliantly lustrous SUPERB GEM. Aglowing luster beams from all over, offering a shiningsatiny frost that blends with a radial cartwheel effect onthe obverse. Superior quality fields are devoid of any straymarks or even breaks in the luster. Nicely struck exceptat the absolute highest points of the design, includingthe curls above Liberty’s ear and eagle’s breast feathers.The cheek is free of anything that is visible to the nakedeye, and holds up under magnification; indeed the onlydistraction found using a glass are some mint madeplanchet roller marks that were not fully struck out. Thereis no doubt that this coin is among the absolute finest ofthe variety.PCGS 8, NGC 2, CAC 5. PCGS and NGC have gradedone coin each finer, both services show a MS67+ on theirreports, but neither has ever appeared in auction. Also,no CAC-approved MS67 has ever sold in auction and wecannot find this coin listed in our auction database. Themost recent PCGS MS67 to sell realized $15,275 in the2015 ANA auction, and there is a record from 2013 for aone that sold for $22,325. Currently, the PCGS Price Guidevalue is listed at $19,500 and it would not shock us if thisincredible GEM sold for a level in excess of that amount.Remember, only one coin is graded finer, and PCGSestimates that coin at $50,000! This exceptional 1880-CCwill fit nicely in ANY SUPERB cabinet. Be prepared forrecord bidding!PCGS# 7102 | ESTIMATE: $15,000+ 27
PFM COLLECTION OF MORGAN DOLLARS LOT 30 $1 1880-CC 8/ LOW 7. PCGS MS66 PL Many variations of overdates and reverse types were paired up to strike the 591,000 silver dollars at the Carson City mint in 1880. On this variety, the second 8 was punched over an errant 7 that was placed too low. Both obverse and reverse show a scintillating, reflective flash in the richly mirrored fields, surrounding devices that are exceptionally crisp in definition from an exacting blow from the dies. The cheek is very clean and frosty, providing a decent contrast. The eye appeal is finer than most pieces you will encounter. PCGS 5, NGC 3. There is a single coin finer in the PL designation, a 66+ PL. Only two PCGS MS66 PL examples have ever sold in auction, one in August 2011 for $5,175 and the other in April 2014 for $4,179. The current PCGS Price Guide value is listed at $7,500 and the sole 66+ PL sold in the 2017 FUN auction for $12,338. A great coin for an advanced Morgan Dollar collection. PCGS# 7105 | ESTIMATE: $4,000+ LOT 31 $1 1880/79-CC REVERSE OF 1878. PCGS MS66 CAC Swirling, cartwheel mint luster blooms on both sides of this sharply impressed, PQ gem. Brilliant, untoned silver surfaces show only the most insignificant scuffs or ticks, but nothing that adversely affects the high-end look. The overdate feature is clearly seen under a low magnification glass. PCGS 94, NGC 22, CAC 9. The most recent PCGS/CAC MS66 to sell in auction realized $6,463 in April 2016 and before that one sold for as much as $8,813. PCGS has graded only 10 coins finer, all are MS66+ and the most recent of those brought $10,575. In MS66, the current PCGS Price Guide shows a value of $4,500, and this coin, tied for second finest graded at PCGS will likely bring a price in excess of that amount. PCGS# 7108 | ESTIMATE: $4,000+28
PFM COLLECTION OF MORGAN DOLLARS LOT 32 $1 1880-CC 8/7, REVERSE OF ‘78. PCGS MS65 Sharply struck and highly frosted, this is a very pleasing GEM. A delicate iridescent toning is noted on both sides, but it does not impede the bold luster. PCGS 207, NGC 347. The most recent example sold in June 2017 for $2,115 and there are records of up to $2,500; the current CU value is listed at 2,300. Rare any finer! PCGS# 7110 | ESTIMATE: $1,800+LOT 33$1 1880-CC 8/7,REVERSE OF 1878.PCGS MS66+An exceptionallyHIGH GRADEVAM-7A, a “Hit List40” variety. A richwhirling luster flowsunimpeded on satinysmooth surfaces onboth obverse andreverse. Aside fromthe lightest touchof iridescent gold,this SUPERB coin isuntoned and totallybrilliant. Sharply struckand remarkably clean, this GEM will delight any Morgan dollar collector.PCGS 12, NGC 4. There are two coins finer, both MS67. The presently offered MS66+ was last sold in August 2012, whereour consignor paid $7,638. Prices have come down from their peak of $9,400 realized by two CAC examples in 2014, thecurrent PCGS Price Guide still lists a value of $6,500. Keep in mind that the last MS67 sold for $54,625 in our July 2013auction. A great coin for any serious collection of Morgan dollars, and we anticipate fierce competition to bring thisGEM home.PCGS# 7110 | ESTIMATE: $5,000+ 29
PFM COLLECTION OF MORGAN DOLLARS LOT 34 $1 1880/79-O PCGS MS64 PL CAC A marvelous coin with sharply struck design elements and a flashy, bold prooflike luster that accents the frosty nature of the devices. A few light marks do preclude entry into the full GEM status, but the eye appeal is VERY high-end for a 64. PCGS 16, NGC 7, CAC 10. Only two PCGS MS64 PL CAC have ever sold in auction, both in the 2016 ANA auction, where they realized $4,255 and $4,935. Worthy of a strong bid from the collector of PL Morgans. Keep in mind that only 8 coins are finer at PCGS, and the finest to sell in auction was the MS64+ PL CAC that sold in our July 2017 Regency Auction for $8,225. PCGS# 7117 | ESTIMATE: $3,800+ OUR ESTIMATES The estimates you see published in this catalog are based on HAMMER. Keep in mind that a coin could be either low or high end for the grade, have stunning color or be dull, all of which radically affect a coin’s value. Yes, there can be huge price differences within a grade, and we offer estimates as a guide so Collector’s can have a better idea of value. One thing we will never do is offer low ball estimates in order to claim stronger sales. These published estimates represent what Legend Rare Coin Auctions determines to be an approximate high wholesale value for the coin. The numbers are based upon current market values, similar trades, auction prices, published prices, and a consideration of the coin’s quality. There is no guarantee that the estimated prices are minimums or are exactly what you can expect to get if you attempt to resell them wholesale. We always advise you to view the coins you are interested in and calculate what you’ll pay using as much information as possible. If you have any questions, please feel free to ask us. We are here to help you!30
PFM COLLECTION OF MORGAN DOLLARSLOT 35$1 1880/79-O PCGS MS65 PL CACPFM set out to build one of the better Morgan sets ever.He certainly spared no expense especially with his1880-O! This was the auction coin from the famous PCGSTour set from 20 years ago! At the time PCGS rounded upthe every best Morgan’s graded and sent them out on tour.Legend Auctions is honored to have the opportunity tosell this most important piece. The quality is all there andthen some!Full 4” + mirrors actually are very close to full DMPLstatus. You do not have to imagine the mirrors are therebecause the mirrors are quite deep, have bold clarity,and are pretty clean overall. When you twirl the coin,the mirrors are so strong they make you think this coin isa proof and not an 1880-O! The coin does appear fullyblack and white. There is a faint hint of some naturalcolor. Miss Liberty and the detail are thickly frosted andare fully struck. Her cheek will make the most demanding“old time” collector grin from ear to ear. The eye appealis incredible!PCGS 2, NGC 1, CAC 1. PCGS has graded NONEhigher. There are no auction records for this coin. Theredoes happen to be a current Collector’s Universe Valueof $60,000. ALL varieties of 80O’s are RARE in MS65(for the regular version there is only 1 MS66). LegendNumismatics and Legend Auctions unhesitatingly rankthis SUPERB GEM as one of the VERY best 1880O’s thatexist. We doubt anything similar exists.If you are building a real top tier Morgan set, this coinwill be a tremendous standout fit.PCGS# 7117 | ESTIMATE: $50,000+ 31
PFM COLLECTION OF MORGAN DOLLARS LOT 36 $1 1880-S PCGS MS67 CAC The 1880-S is one of the most frequently encountered Morgan dollars in SUPERB GEM thanks to a large number of bags that were released from the Treasury in the early 1960s. Today, MS67s are not uncommonly seen, but this one was clearly hand selected by the collector for its high-end lustrous look. Brilliantly lustrous with bold cartwheels, this coin’s cheek is fully frosted and in pristine condition. PCGS 2271, NGC 3442, CAC 870. The current PCGS Price Guide value is $785 and this coin will certainly challenge that amount when it crosses the block. PCGS# 7118 | ESTIMATE: $750+ LOT 37 $1 1880-S 8/7. PCGS MS67 CAC Earlier from the Rafael Romero Collection, sold in November 2004 by Heritage, where it was described as being “a needle-sharp Superb Gem with exceptional luster and pristine cheek. The centers have a mere hint of tan color. This lovely Morgan Dollar is ideal for the finest quality Registry Set.” Well those words proved prophetic, as it was placed into the P.F.M. Set. The underdigit can be seen with the naked eye, and the eye appeal is superb! PCGS 28, NGC 16. This amazing GEM is bested by only two coins graded slightly finer at PCGS as MS67+. This coin realized a near record price in 2004, when it sold for $4,370. That speaks volumes to the AMAZING quality this coin possesses! Go ahead and forget the PCGS Price Guide value and more recent APRs--there will be intense bidding for this one! PCGS# 7120 | ESTIMATE: $2,000+32
PFM COLLECTION OF MORGAN DOLLARS LOT 38 $1 1880/79-S PCGS MS67 CAC Typical for any 80-S, the presently offered SUPERB GEM has a brilliant silver cartwheel luster that captivates the eye as it is rotated. Sharply struck and very eye appealing with only a very limited amount of iridescence. PCGS 67, NGC 12, CAC 10. Fewer than a dozen coins are finer at PCGS, the finest being a trio graded MS68. The most recent PCGS MS67 CAC to sell in auction was in the 2018 FUN auction, that brought $1,440 and the current PCGS Price Guide value is $1,650. A welcome addition to any Morgan dollar collection. PCGS# 7122 | ESTIMATE: $1,250+LOT 39$1 1881 PCGS MS66+CACDespite a largemintage of over 9million, very fewcoins have survivedin such a pristine stateof preservation. Thissatiny superlative GEMis as brilliant and andpristine as the time itcame off the diesin 1881.PCGS 210, NGC 56,CAC 34. In MS66+PCGS has graded 22coins, NGC 1. Only five coins are graded MS67 finer at PCGS. The most recent PCGS/CAC coin sold in our December 2017Regency Auction and sold for $4,348. The current PCGS Price Guide value is listed at $3,750, and keep in mind that a PCGSMS67 would bring somewhere in the $17,500 to $20,000 and none are CAC approved. A superb coin that will be a delight forthe next owner and will find itself in another high ranking Registry Set.PCGS# 7124 | ESTIMATE: $3,500+ 33
PFM COLLECTION OF MORGAN DOLLARS LOT 40 $1 1881 PCGS MS65 DMPL In our opinion, this coin is a lock solid MS65 DMPL. CAC was brutal by not beaning it. We really do not understand what they are thinking. Full blown 8” mirrors beam vividly from all over. The mirrors have usual clarity, offer just a few tiny scattered ticks, and are almost as reflective as full Proof mirrors. When you twirl this coin you are nearly blinded by the flash. A hint of pale reddish gold can be seen by the rims. It is important to note this coin has never been messed with. The contrast is strong. Miss Liberty and the details are fully struck and have thick creamy white frost. The eye appeal is outstanding! PCGS 8, NGC 13, CAC 1. PCGS has graded 2 coins MS65+. The last PCGS CAC piece to sell in auction brought $11,163.00 03/2013. That is really a meaningless number today because it’s been so long since any have appeared in auction. The current Collector’s Universe Value is $14,000. This coin is more than worthy of inclusion in any GEM DMPL collection. PCGS# 97125 | ESTIMATE: $12,500+ LOT 41 $1 1881-CC PCGS MS67+ A very high graded example for the date, among the twenty highest graded by PCGS, bested by only four coins graded MS68. A brilliant, satiny mint bloom shows a bold rolling affect as you rotate it in a light. The devices are frosty with a touch of the most delicate iridescent white and clear gold hues. Under intense scrutiny a tiny tick or graze can be seen, but noted only for full disclosure, the eye appeal is certainly worthy of this lofty grade. PCGS 16, NGC 8. The current PCGS Price Guide value is $13,500 and the most recent examples to sell were CAC, realizing in general, between $10,500 and $13,000. A MS68 will certainly be $25,000+, if you can find one! PCGS# 7126 | ESTIMATE: $9,500+34
PFM COLLECTION OF MORGAN DOLLARS LOT 42 $1 1881-O PCGS MS65 PL While relatively scarce in GEM grades, this date is downright RARE in the Prooflike and DMPL designations. The P.F.M. 81-O is tied for FINEST graded in the PL designation at PCGS. Sharply struck from a newly polished set of dies, imparting the brilliant, mirror-like finish in the fields of both sides. The mirrors offer a bold reflective look and are clear and clean, free from any serious haze. Liberty’s cheek is frosty and there is considerable contrast between the devices and fields. PCGS 6, NGC 3. None are finer at PCGS and the most recent example sold for $4,230, and this GEM has a much cleanerlook. Prior to that coin selling in July 2016, this coin sold back in March 2009. The current PCGS Price Guide value is listed at $3,750 and keep in mind that a DMPL would cost double. Good luck. PCGS# 7129 | ESTIMATE: $3,200+LOT 43$1 1881-S PCGSMS67 CACSensational, swirlingcartwheel luster boldlyrolls along both theobverse and reverse.Very high-end for thegrade, the surfacesare devoid of anydistracting marks andthe cheek is extremelysmooth and will delightthe pickiest of oldtimers.PCGS 2250, NGC4360, CAC 930. Themost recent example to sell in auction brought $1,560 in December 2017. This exceptional coin is great for a type set or nicecollection of Morgan dollars.PCGS# 7130 | ESTIMATE: $750+ 35
PFM COLLECTION OF MORGAN DOLLARS LOT 44 $1 1882 PCGS MS67 CAC What an amazing example of this conditionally RARE date. While over 11,000,000 were struck many were likely stored in vaults at the Treasury Department and melted as part of the 1918 Pittman Act that authorized converting up to 350,000,000 silver dollars into bullion. Rare in any grade MS66 and up. The presently offered SUPERB GEM is among the ten finest examples graded at PCGS, bested only by the sole MS67+, ex Jack Lee/ Coronet. A strong frosty mint brilliance glows on both sides. Ultra smooth surfaces hold up to intense scrutiny; even with a strong glass the obverse is completely free of any kind of tick, frost break, or any other mark of consequence. The devices are crisply struck up from a bold impression from the dies. Beautiful, milky white frosty silver have an accent of iridescence at the rim. The eye appeal is excellent, totally worthy of placement in this world class collection. PCGS 9, NGC 9, CAC 3. This is the Cajun Collection coin, last sold in March 2005 for $17,250. Since then, no CAC coin as ever sold in auction. The Jack Lee - Amherst Collection sold in November 2007 for $26,450 and another coin sold in $21,150 in November 2015. The Coronet Collection coin, graded PCGS MS67+ CAC for a record $32,900 in our June 2015 Regency Auction. This coin, with its Cajun-P.F.M. pedigree will certainly generate a lot of attention from Collector’s, and will end up in another world class set of Morgan dollars. PCGS# 7132 | ESTIMATE: $14,000+36
PFM COLLECTION OF MORGAN DOLLARS LOT 45 $1 1882-CC PCGS MS67 CAC A totally brilliant and lustrous SUPERB GEM! Frosty silver surfaces boast uninterrupted flowing cartwheels. The surfaces are untoned and devoid of any contact worthy of mention. Liberty’s cheek is clean and would please any fastidious collector. PCGS 85, NGC 75, CAC 25. The P.F.M Collector purchased this SUPERB 82-CC in the 2012 FUN auction for $9,775 and the current PCGS Price Guide value is listed at $7,250. There are a mere four coins finer at PCGS, 3 in MS67+ and a single MS68. If you are going to build a specialized set of CC Morgans, your search for an 82-CC can end here! PCGS# 7134 | ESTIMATE: $7,000+LOT 46$1 1882-O PCGSMS66+SUPERB qualityfor an 82-O, a datethat rarely is seenin such lofty grades.This highly lustrousbeauty is among thedozen finest examplesgraded at PCGS.Flashy mint lusterswirls on both theobverse and reverse,accenting the very wellstruck devices andhigh quality, smoothsurfaces. Even using astrong lopp there are no significant marks or ticks worthy of single mention. Generally brilliant, fresh silver, there are areas thatshow a dusting of clear gold iridescence that adds to the visual allure.PCGS 72, NGC 13. There are five coins graded MS66+ and seven coins finer. None of the MS66+s have ever sold in auction.A PCGS/CAC MS66 sold for $8,225 in our December 2017 Regency Auction and the last MS67 sold in August 2010, realizingnearly $30,000. The current PCGS Price Guide value in MS66+ is $8,500. This is a great coin for any high grade Registry Set ofMorgan dollars; anything finer will cost over $25,000 if you can find any--most of the coins finer are ensconced inmajor collections.PCGS# 7136 | ESTIMATE: $7,000+ 37
PFM COLLECTION OF MORGAN DOLLARS LOT 47 $1 1882-O/S PCGS MS64 CAC VAM-4-A top 100 VAM. Nicely struck with a bold strike for the date. Frosty silver luster shows off exceptional quality surfaces for the assigned grade. There is a touch of wispy, clear gold patina on the reverse. PCGS 308, NGC 237, CAC 42. In 2008 this coin sold as part of the Jimmy G Collection, and more recently it was offered in the 2010 FUN auction, where our consignor paid $2,760 for it. The PCGS Price Guide value is listed at $1,750. There are less than two dozen examples graded finer, and this is a great grade for any advanced collector on a budget. PCGS# 7138 | ESTIMATE: $2,000+ LOT 48 $1 1882-S PCGS MS67 CAC High-end for the grade, this SUPERB GEM boasts a frosty cartwheel luster that drips with brilliance and originality. Well struck and the surfaces are clean and free of any distracting marks. PCGS 965, NGC 1812, CAC 445. The current PCGS Price Guide value is listed at $860. We think when this SUPERB GEM crosses the block, it could exceed that level. PCGS# 7140 | ESTIMATE: $750+38
PFM COLLECTION OF MORGAN DOLLARS LOT 49 $1 1883 PCGS MS67 Ex. Cajun Collection. A bold, beautiful, and brilliant SUPERB GEM. Sharply struck up with full, crisp definition and fully frosted devices throughout. Bold eye appeal, this beauty has a clean cheek that will please any picky collector. PCGS 138, NGC 125. The most recent example to sell in auction was CAC andrealized $3,995 in our most recent Regency Auction (January 2018). The current PCGS Price Guide value is $2,250 and this coin was last sold in December 2005 for $2,760. VERY RARE any finer and this well pedigreed coin will fit nicely in any high ranking Registry Set. PCGS# 7142 | ESTIMATE: $2,200+LOT 50$1 1883-CC PCGSMS67 CACBrilliant and satinywith a full radiatingmint luster. Totallyoriginal silver surfacesare clean andbeaming, with a totallysmooth cheek. Ms.Liberty, the eagle, andall the details are fullyembossed on bothsides, and the detailshave a wonderful frostand the cheek haszero marks or lines todistract the eye.PCGS 222, NGC 158, CAC 75. One sold recently in the 2018 FUN auction for $4,320 and the current PCGS Price Guidevalue is $3,900. Only 19 coins are graded higher with the finest being graded MS68. Another superb CC dollar worthy ofany set.PCGS# 7144 | ESTIMATE: $3,500+ 39
PFM COLLECTION OF MORGAN DOLLARS LOT 51 $1 1883-O PCGS MS66 PL Fully prooflike on both sides, this highly lustrous GEM has a very sharp strike for the date and a bold eye appeal! There are a few tiny ticks here and there, but none really detract from the eye appeal and the reverse is especially high-end. PCGS 18, NGC 13. The current PCGS Price Guide value is $1,400 and the most recent examples have sold for more than this level. Only 2 coins are finer in the PL designation, both are 66+ PL. Good luck. PCGS# 7147 | ESTIMATE: $1,300+ LOT 52 $1 1883-S PCGS MS64 CAC Bold swirling luster beams on both sides of this impressive, near-GEM quality KEY, conditionally scarce issue. In the old days before 3rd party grading, we have no doubt it would have been sold as a full GEM grade example. Ms. Liberty, the eagle, and all the details are fully struck up and the details are nicely frosted. The brilliant mint luster rolls smoothly over clean and very high-end quality for the grade. You will be hard pressed to find another MS64 with such a great, high-end look. PCGS 488, NGC 426, CAC 84. VERY RARE in any grade finer, and thus the populations are likely inflated thanks to the multiple submissions of the same coin in hopes of receiving a higher grade. The most recent example to sell in auction brought $5,405 in the 2017 ANA auction, and that was on the low end of the APR spectrum for PCGS/CAC coins. Any PCGS MS65 would cost $25,000 or more. We know this coin will incite a very serious bidding battle when it crosses the block--it will fit in ANY GEM set! PCGS# 7148 | ESTIMATE: $5,000+40
PFM COLLECTION OF MORGAN DOLLARS LOT 53 $1 1884 PCGS MS67 CAC You can totally tell why the P.F.M. Collector chose to place this immaculate SUPERB GEM into his high ranking set! Ms. Liberty and the details are razor sharp in strike and the surfaces are devoid of anything, anywhere that could detract from the exceptional eye appeal. A bold frosty, cartwheel luster radiates brilliantly in a rolling fashion on both obverse and reverse. PCGS 66, NGC 35, CAC 24. The most PCGS/CAC MS67 to sell in auction realized $6,325 in October 2015, well in excess of the current PCGS Price Guide value of $4,350. A baker’s dozen are graded finer, with the most recent MS67+ CAC selling for $9,400. The finest graded are a trio at MS68. This SUPERB coin has a great look and should bring strong bidding. PCGS# 7150 | ESTIMATE: $4,000+LOT 54$1 1884-CC PCGSMS66 DMPLBold, flashy, prooflikemirrors are deep andoffer briliant clarity.The devices are razorsharp in definition andare very nicely frosted,creating a neat--nearlycameo effect againstthe fields. A few teenymarks are noted foraccuracy, but the eyeappeal is quite nice!PCGS 154, NGC 61.The current PCGSPrice Guide value is $3,200 and there is a very wide range of auction prices realized for PCGS MS66 DMPLs from $1,680 to$3,564. Only eight coins are graded finer in the DMPL designation; 5 in MS66+ and 3 in MS67. What a beautiful GEM!PCGS# 97153 | ESTIMATE: $2,300+ 41
PFM COLLECTION OF MORGAN DOLLARS LOT 55 $1 1884-O PCGS MS66 DMPL CAC For an 1884-O, this piece is exceptional! Full 8” mirrors beam boldly from all over. The mirrors have bold clarity, cleanliness, and are super flashy. For accuracy, there is a small planchect flake at 12:00 on the reverse. There is a faint hint of some light original gold scattered around. When you twirl the coin, the mirrors look like a river of mercury rolling around. There is strong contrast. Miss Liberty and the details are well struck and have thick frost. The eye appeal is great! PCGS 59, NGC 11, CAC 12. The last PCGS CAC piece to sell in auction brought $5,053 07/2017. Do not be fooled by the pops, finding real flashy GEM’s like this coin is not easy. PCGS# 97155 | ESTIMATE: $4,000+ OUR ESTIMATES The estimates you see published in this catalog are based on HAMMER. Keep in mind that a coin could be either low or high end for the grade, have stunning color or be dull, all of which radically affect a coin’s value. Yes, there can be huge price differences within a grade, and we offer estimates as a guide so Collector’s can have a better idea of value. One thing we will never do is offer low ball estimates in order to claim stronger sales. These published estimates represent what Legend Rare Coin Auctions determines to be an approximate high wholesale value for the coin. The numbers are based upon current market values, similar trades, auction prices, published prices, and a consideration of the coin’s quality. There is no guarantee that the estimated prices are minimums or are exactly what you can expect to get if you attempt to resell them wholesale. We always advise you to view the coins you are interested in and calculate what you’ll pay using as much information as possible. If you have any questions, please feel free to ask us. We are here to help you!42
PFM COLLECTION OF MORGAN DOLLARSLOT 56$1 1884-S PCGS MS63One of the most famous condition rarities in the entireU.S. series. The generous mintage of 3,200,000 wouldmake anyone believe that the 1884-S dollar would be acommon issue. However, due to a high rate of circulationof the issue, this is one of the MAJOR condition raritiesin the series. VERY RARE in choice, and virtuallyunobtainable in GEM or better grades. This is one of thoseissues that most Collector’s only dream of owning in MintState--many opting for a high-end AU58.The P.F.M. Collection coin has a delicate dusting ofgolden-tan iridescent toning over highly lustrous surfaces.Typical for an 84-S there is a touch of striking softness inthe hair curls above the ear and some bluntness on theeagle’s chest. The luster is strong and rolls around theproblem free fields.PCGS 51, NGC 46. EXTREMELY RARE any finer! Thereare less than 20 finer at PCGS, from MS64+ to a monsterMS68! The most recent PCGS MS63 sold for $48,000 inthe 2018 FUN auction and the current PCGS Price Guidevalue is $57,500. We recently sold a PCGS MS63+ CACfor $73,438 in our Regency Auction XXIII. If you arebuilding a CHOICE or GEM set and still need an 84-S, besure to bid on this high grade survivor.PCGS# 7156 | ESTIMATE: $45,000+ 43
PFM COLLECTION OF MORGAN DOLLARS LOT 57 $1 1885 PCGS MS67+ CAC With only a trio of coins graded finer at PCGS, this MS67+ is about as high a grade as any collector could ever hope to obtain for their set. This 1885 is truly SUPERB and PQ! Wonderfully smooth and satiny surfaces have a brilliant silver luster that flows freely on both sides. George Morgan’s design elements were nicely struck up. The cheek is quite clean and all the fields are free of any serious distractions and the eye appeal is exceptional! PCGS 187, NGC 216, CAC 88. In MS67+, PCGS has graded 25 and NGC 5. The last PCGS MS67+ CAC sold in the January 2017 FUN auction for $4,123 and we sold one in May 2016 for $4,583 and the current PCGS Price Guide value is listed at $5,500. In MS68 the last coin sold five years ago for $21,150.This SUPERB 1885 will find itself at home in any top ranking Registry Set. Worthy of a very strong bid! PCGS# 7158 | ESTIMATE: $4,000+ LOT 58 $1 1885 PCGS MS66 DMPL A brilliant, beaming mint luster shows a blinding reflection in the fields with a deeply mirrored sheen. The cartwheel luster is brilliant and brings out the definition of the sharply struck and fully frosted reliefs. The mirrors show a full 8” clear reflection. PCGS 93, NGC 53. The current PCGS Price Guide value is listed at $3,700 and the last example to sell realized a very weak $1,740 in the 2018 FUN auction. Prior to that, we sold a non-CAC coin in our July 2017 Regency Auction for $2,703. VERY RARE any finer, with only five finer, 4 in 66+ DMPL and a single MS67 DMPL as finest. PCGS# 97159 | ESTIMATE: $2,200+44
PFM COLLECTION OF MORGAN DOLLARS LOT 59 $1 1885-CC PCGS MS67 Based on this SUPERB GEM’s look, we believe it was removed from a G.S.A. holder, when it was submitted for grading a long time ago when the OGH was in style. A few old bag marks can only be seen with effort and the luster has a brilliant, pearl-like sheen on both sides. Fully struck up on both sides, this coin has a very nice look overall. PCGS 88, NGC 113. The most recent non-CAC approved PCGS MS67 to sell in auction realized $7,344 in our December 2017 Regency Auction XXIV. The P.F.M. Collector bought this coin in Heritage’s November 2003 offering of the Jerry Doty Collection where it realized $7,590 and the current PCGS Price Guide value is listed at $10,000. With only five coins graded higher, we can see this superb coin bringing serious bidding competition from all over when it crosses the block. PCGS# 7160 | ESTIMATE: $7,500+LOT 60$1 1885-O PCGSMS67 CACClearly the astutecollector that put thiscollection togetherhand selected thismarvelous PQ GEM!Satiny mint frostshines on both sides.Pearly accents bringout the crispness ofthe details--one of thestrongest strikes on an85-O we have seen ina long time!PCGS 303, NGC 567,CAC 172. This coin sold in the 2009 Central States auction for $1,323 and the current PCGS Price Guide value is listed at$1,400. There are 25 graded 67+ and a single MS68 finer. This coin has such an amazing look that it will delight the mostfastidious collector!PCGS# 7162 | ESTIMATE: $1,200+ 45
PFM COLLECTION OF MORGAN DOLLARS LOT 61 $1 1885-S PCGS MS66 Amazing! While overshadowed by the 84-S, the 85-S is quite scarce in GEM Mint State. Flashy, brilliant, rolling cartwheel luster swirls over blast white silver surfaces. Blazing and vivid in its brilliance, the fields show hints of reflectivity and the surfaces are clean and totally free of any distracting marks or ticks or any kind. The cheek is totally frosty, nice and smooth. Most of the details are fully struck up with only the slightest hint of weakness at the eagle’s breast feathers or hair curls. Looking as fresh today as it did when it came off the dies, this beauty ranks up there among the finer examples seen at PCGS. PCGS 50, NGC 14. Only four coins have ever graded finer at PCGS, a pair graded MS67 are the finest seen. The most recent MS66 was an NGC coin that sold in the 2018 FUN auction for $4,080. A trio of PCGS coins sold in a weaker market (2016) for $3,290 and $3,995. The current Collector’s Universe value is listed at $4,250. Any finer, the price will jump into the five-figures. PCGS# 7164 | ESTIMATE: $3,500+ LOT 62 $1 1886 PCGS MS67 Brilliant and essentially flawless, this SUPERB GEM looks as it did when it came off the coining dies. Well struck and totally devoid of any distracting ticks, lines, or toning, this impressive example has a great eye appeal. PCGS 453, NGC 954. The current PCGS Price Guide value is $1,100 and the most recent example to sell in auction realized $840. One of the more common dates, but it is still quite rare any finer. PCGS# 7166 | ESTIMATE: $800+46
PFM COLLECTION OF MORGAN DOLLARS LOT 63 $1 1886-O PCGS MS64 This is the only the third time this coin has appeared in auction since 2001; the last time this near-gem sold was in the Heritage February 2008 sale of the Jimmy G. Collection. The 86-O is one of the classic condition rarities of the Morgan series. Along with the 84-S and 92-S, the vast majority of the 86-O’s generous mintage was either paid out at the time of issue and disappeared into commerce, or huge numbers were melted down under the auspices of the Pittman Act. Generally well struck in the centers, the satiny mint frost blooms in the centers and are framed at the rims by a delicate golden halo. A few teeny scuffs are seen on the cheek and in the fields, but overall the eye appeal is quite nice.PCGS 230, NGC 84. This is the highest grade most Collector’s can ever hope to add to their sets. The last time this coin sold it realized $7,475 in February 2008. The most recent PCGS-graded MS64 brought $8,813 in March 2017. The PCGS Price Guide value is listed at $10,000. Only 26 coins are finer, most of which are MS64+ and we sold the most recent MS64+ a PCGS coin that brought $15,863 in our July 2017 Regency Auction. Anything finer is a six-figure rarity! We really think this CHOICE Mint State coin will see very strong bidding. Good luck! PCGS# 7168 | ESTIMATE: $7,500+LOT 64$1 1886-O PCGSMS62 DMPLAgainst the nicelystruck and frostyreliefs, the boldlymirrored fields offerclear, deep reflectivity,worthy of the DMPLdesignation. A light,iridescent silver-whitedusting of color blendswith the most subtlehint of gold to addcharacter to this VERYRARE DMPL.PCGS 6, NGC 0.Only four coins are finer in the DMPL designation, the finest being MS64 DMPL. The most recent example to sell was CACapproved and realized $9,400 in the weak 2015 FUN auction. Prior to that, one sold for $10,925 in March 2007. Thecurrent PCGS Price Guide value is listed at $9,500. The last coin finer to sell in auction was a 64 DMPL back in 2006 thatsold for over $50,000! Since these very infrequently appear in auction, who knows when the next one will come up, so bidvery liberally if you want to own a DMPL example of this famous condition rarity!PCGS# 97169 | ESTIMATE: $8,000+ 47
PFM COLLECTION OF MORGAN DOLLARS LOT 65 $1 1886-S PCGS MS66 PL Ex Jack Lee, Naples II, and Morris Silverman Collections. A very impressively preserved Premium GEM with an equally impressive pedigree! You know that if a Morgan dollar was in Jack Lee’s collection it is impressive! Conditionally rare, this coin is tied for FINEST graded in the PL designation. Clear, clean mirrors beam with that famous, swirling S-mint cartwheel luster on both sides. A delicate halo of peach-gold at the lower obverse rim forms a frame that highlights the bold definition. Crisply struck with near razor sharpness. Liberty’s all important cheek is frosty and free of any distracting marks or lines. Likewise the fields and other design elements are free from any visible distractions and taken together the eye appeal is very strong. PCGS 4, NGC 1. The most recent example to sell in auction realized $16,100 in February 2008. This coin has not been in auction for nearly 15 years, last appearing in the Morris Silverman Collection in July 2003, realizing nearly $11,000. The current PCGS Price Guide value is $16,000 and remember, this coin has graced some of the finest cabinets of Morgan Dollars of the last 30+ years, so you know, even if you are a very picky buyer, that this GEM will fit nicely into any set! PCGS# 7171 | ESTIMATE: $13,500+ LOT 66 $1 1887/6 PCGS MS66 CAC An amazing PREMIUM GEM that is tied for FINEST KNOWN to PCGS and one look at its swirling mint luster, sharp strike, and smooth, defect free surfaces it is not hard to see why! Flashy, cartwheel luster radiates brilliantly on both sides. As you rotate the lustrous surfaces in a light, you clearly see hints of semi-prooflike reflection. The devices are fully struck up thanks to an exacting and precision blow from the dies. Both sides display exceptional quality fields, free of any distractions. Even using a strong glass you cannot find anything worthy of singular mention. Couple that with a boldly original look, this coin has a SUPERB eye appeal! PCGS 18, NGC 6, CAC 9. NONE ARE FINER at PCGS. The most recent example to sell in auction realized $11,400 in the 2018 FUN auction and that was the first PCGS/CAC MS66 to sell since August 2012! Like the majority of the coins in the P.F.M. Collection, this coin is worthy of placement in any top ranking PCGS Registry Set of Morgan Dollars, and we know it will take a strong bid to bring this SUPERB coin home. PCGS# 7174 | ESTIMATE: $9,000+48
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