RA 35 Digital Catalog

LOT 344 50C 1919 PCGS MS65+ CAC LRCA loves coins like this; totally original, GEM quality examples of low mintage, classic key date issues. This 1919 half dollar has a wonderful satiny frost that accents the very smooth, problem free surfaces. A delicate dove and pearly silver has a tinge of russet, tan, and gold tone. Sharply struck, both sides are very nicely preserved and have a great look, unmarred by anything but a microscopic tick or two. PCGS 58, NGC 33, CAC 10. PCGS has graded just TWO in MS65+ and this date is VERY RARE any finer. The current PCGS Price Guide value is listed at $10,500 and the other example sold for $10,575 in July 2017. Keep in mind that a PCGS MS66 CAC will cost $18,000- $20,000. What a great coin for any one working on a GEM collection of Walking Liberty half dollars, especially one that focuses on total originality. PCGS# 6577 | ESTIMATE: $8,000+ LOT 345 50C 1920 PCGS MS65+ CAC A wonderfully toned GEM example of this early Walker. While there were more than six million halves struck and they are readily available in lower Mint State grades, they are very scarce in GEM, even more so with very nice colorful toning. The well preserved, lustrous surfaces beam from under a lovely layer of powder blue and apricot iridescent toning. The devices were nicely rendered by a decent blow from the dies, even Liberty’s thumb is well outlined. The surfaces are clean and free of any serious marks ticks. The eye appeal is quite nice and very high end. PCGS 122, NGC 43, CAC 15. The last one sold in our December 2018 Final Premier Session internet sale for $3,760 and the current PCGS Price Guide value is listed at $4,250. Rare finer, just 23 are graded MS66 or MS66+, and they are worth well into the five figures today, especially for CAC-approved examples. PCGS# 6580 | ESTIMATE: $3,200+ 149

LOT 346 50C 1929-D PCGS MS67 To think that any coinage struck the year the stock market crashed, precipitating the Great Depression could have been saved is a marvel! Back when half dollars were regularly used in commerce and had some real spending power, any Mint State survivor is a prize for the collector, particularly in such a stunning, high grade. The present coin is magnificent; truly a very high end and totally original SUPERB GEM 29-D half! Rich, satiny mint frost with a strong, glimmering glow in the fields. A gentle dusting of iridescent toning can be seen on both sides imparting a wonderful, original look. Sharply struck throughout, every detail is crisp and fully rendered with Liberty’s thumb fully outlined. This high end 29-D half is truly an impressive SUPERB GEM that will delight any collector working on a superb set of Walking Liberty halves. PCGS 2, NGC 1. Only a single MS67 has ever sold in auction, bringing $44,400 in April 2018 (that same coin upgraded to MS67+ and brought a record $82,250 in our September 2018 Regency Auction. This marvelous coin will see spirited bidding from the advanced Registry Set collector, as this conditionally VERY RARE date is most often seen in MS66 or lower. Good luck. PCGS# 6589 | ESTIMATE: $30,000+ 150

LOT 347 50C 1935 PCGS MS67 CAC SUPERB! We really do not know why this coin is NOT a “+”, what does PCGS want? Beautiful and brilliant silver luster as fresh as the day the coin fell off the dies. The fields are smooth and free from any distracting flaws and there is not a bit of color to be found anywhere. The strike is bold and nearly full throughout. PCGS 59, NGC 29, CAC 41. The most recent example to sell in auction brought $2,20 in March 2019 and the current PCGS Price Guide value is listed at $2,250. Extremely RARE any finer, with just 10 coins graded higher. Bound for a great set! PCGS# 6595 | ESTIMATE: $1,800+ LOT 348 50C 1938 PCGS MS67+ CAC Here is one of the FINEST graded, with just a single MS68 graded finer. This is a gorgeous, lustrous SUPERB GEM in every sense! The details are needle sharp and the surfaces are about as pristine as one could hope for. Brilliant, frosty luster blooms all over, accented by a gentle dusting of iridescent gold. The eye appeal is really off the charts! PCGS 118, NGC 42, CAC 38. There are 11 graded MS67+ at PCGS and the most recent examples to sell in auction were all sold by us, realizing between $8,813 and $10,869. The current Collectors Universe value is listed at $9,500 and the single MS68 has not appeared in auction since 2011 and is likely impounded in a major collection, making this among the FINEST that can be obtained in the marketplace today. We anticipate strong bidding from the Registry Set collectors. PCGS# 6604 | ESTIMATE: $7,000+ LOT 349 50C 1939 PCGS MS68 CAC Sheer, satiny perfection! Boldly lustrous surfaces gleam with a strong lustrous glow. The devices show razor sharp striking detail, with the design elements beautifully defined and they stand out against the icy lustrous fields. The lightest of pearly-opal iridescent toning adds to the exceptional eye appeal of this ultra high end and high grade coin. PCGS 24, NGC 21, CAC 20. The Collectors Universe value seems low, considering that in July 2019 an example sold for $6,600 and before that, we sold one in May 2018 for $9,400. Just four MS68+s have ever been graded finer, and the last one of those to sell brought $17,625 in our December 2017 Regency Auction. This very pretty SUPERB GEM is worthy of a world class collection and will see stiff bidding competition to bring it home. PCGS# 6606 | ESTIMATE: $5,500+ 151

LOT 350 50C 1939-D PCGS MS67+ CAC This SUPERB GEM ranks very high up on the Population Report; it is tied for second FINEST graded by PCGS! Sharply struck with bold detail even in the highest design elements in the central portions of the design that are often softly defined. A bold, pearlescent satin sheen envelopes both sides without any trace of toning. Totally original and boasting a very pleasing visual appeal. PCGS 116, NGC 75, CAC 74. There are 15 graded in MS67+ at PCGS, and just two finer (neither of which are CAC approved). The current PCGS Price Guide value is listed at $5,000 and since 2016, we have sold four, with the average APR of $4,641. Keep in mind that a 68 will cost over $25,000, if you can locate one. A high end 39-D Walker that will fit into any world class set. PCGS# 6607 | ESTIMATE: $4,000+ LOT 351 50C 1939-S PCGS MS67 A satiny, superb GEM Brilliant Uncirculated example that has a touch of warm color that accents the highly satiny lustrous surfaces. Pleasingly well struck with most of the details well defined, including the thumb and gown lines. PCGS 220, NGC 135. The most recent example sold for $810 in October 2019 and earlier this year one sold for $1,680. Fewer that twenty coins are graded finer, making this a great coin for anyone working on a GEM set. PCGS# 6608 | ESTIMATE: $1,000+ LOT 352 50C 1942 PCGS MS67+ CAC Here is a wonderfully original, high end 1942 half dollar, that is essentially as fresh and flawless as it was when it came off the dies. Frosty luster glows in the satin smooth fields and among the boldly impressed design elements. Very appealing, this date is VERY RARE any finer. PCGS 411, NGC 373, CAC 228. There are 52 in MS67+ and just a half dozen are graded finer. The recent APRS are all over the place with most falling around $2,000-$2,350 and the current PCGS Price Guide value is listed at $2,250. Nothing finer has sold in six years, and a PCGS/CAC coin would likely cost $25,000+ (if one ever came up for auction), this is a great value for any Set Registry collector. PCGS# 6614 | ESTIMATE: $1,800+ 152

LOT 353 50C 1943-S PCGS MS67+ CAC This is one exceedingly awesome stunner of a 43-S half dollar! Tied for ABSOLUTE FINEST GRADED at either service. We assure you, PCGS is extremely tight on coins like this. So for this to be a PCGS MS67 + CAC-it has to be a killer. Completely struck up with full crisp devices. The pearly silver surfaces have a thick satiny sheen that is a genuine delight to behold. A trace of the palest powder blue iridescent toning caresses the smooth surfaces. Both sides are especially high end and essentially flawless. The dreaded right field passes the cleanliness test easily. The eye appeal is stunning! PCGS 56, NGC 30, CAC 31. There are just three in MS67+ and NONE are graded finer. None have ever sold in auction but the current PCGS Price Guide value is listed at $30,000. The pops are similar to the 38-D and a 38-D in 67+ sold for $41,125 in our September 2019 Regency Auction. The eye appeal of this one will delight even the pickiest of Walker collectors will love this one. Good luck! PCGS# 6620 | ESTIMATE: $20,000+ 153

LOT 354 LOT 355 50C 1944-S PCGS MS66+ CAC 50C 1945-D PCGS MS67+ CAC Truly a beautiful example of this late date Walker, and really this is This SUPERB 45-D Walker is tied for second FINEST graded at PCGS. a high end 66+ that is worthy of a very high end set. We note that One look and it is no wonder that PCGS graded it so high. Bright, it is extremely rare in MS67, the last one sold in auction nearly 15 brilliant silver luster has a bold vibrance that gleams all over. The years ago! The very frosty luster blooms all over in the satiny smooth fields are ultra clean and smooth, free of any serious marks. The strike surfaces. Totally original, there is a band of sunset orange along the is bold with nearly full definition in the central portions of the design. left obverse rim, while the rest of the obverse has a pearly iridescent Wonderfully well preserved, this coin has a bold look that has to be hue with a pale lilac overtone. Well struck and free of any serious nearly impossible to improve upon! marks, this SUPERB coin is truly a delight to behold. PCGS 255, NGC 227, CAC 142. There are 30 in MS67+ at PCGS and PCGS 752, NGC 210, CAC 202. There are 115 graded in MS66+ and just two coins finer. The current PCGS value is listed at $2,750 and just 10 finer, leading us to believe that there is a lot of duplication we sold two earlier this year, one for $2,174 and $2,233. Nothing looking to upgrade to 67. Most seem to sell in the $1,500-$2,000 finer has sold in auction, making this one of the best for any top tier range, though we sold one in May 2019 for $4,935. This one will see Regency Auction. strong bidding for sure. Keep in mind that if you can find a 67, it will cost over $18,000. PCGS# 6625 | ESTIMATE: $2,000+ PCGS# 6623 | ESTIMATE: $1,500+ LOT 356 50C 1946-D PCGS MS67+ CAC Among the FINEST GRADED, PCGS has not graded anything higher than MS67+ in 33 years of grading coins. This is a totally original SUPERB GEM with a wonderful, high end look. A lovely pearlescent toning sits on the ultra smooth, satiny lustrous surfaces, attesting to the absolute originality. Sharply struck devices stand out against the totally defect free surfaces. Boasting a great look, this coin will delight even the pickiest of collectors. PCGS 121, NGC 134, CAC 64. There are just 14 graded 67+ at PCGS and NONE FINER. LRCA had the pleasure of selling the last two CAC approved examples realizing $14,688 and $18,213, both above the current Collectors Universe value of $13,500. With NONE FINER, this coin belongs in SUPERB set! PCGS# 6628 | ESTIMATE: $13,000+ 154

LOT 357 50C 1946-S PCGS MS67+ CAC Tied for FINEST graded, this beautifully toned SUPERB GEM has a wonderful melange of blue-green and pale golden brown, and hints of rose frame both sides’ peripheral details, silhouetting the ultra satiny surfaces. Weinman’s design is sharply struck on both sides. This late date Walker has a great eye appeal. PCGS 103, NGC 81, CAC 39. PCGS has graded 5 in MS67+ and NONE FINER. We sold a similar toned, non-CAC coin for $12,337 nearly five years ago. The current PCGS Price Guide value is listed at $15,000. This SUPERB GEM is worthy of an amazing Walker set. PCGS# 6629 | ESTIMATE: $10,000+ LOT 358 LOT 359 50C 1947 PCGS MS67 50C 1942 PCGS PR68 Pearly textured, frosty mint luster blooms all over this SUPERB Sheer perfection! Stunning reflective mirrors have a bold depth of GEM example of the final year. Well struck devices stand against clarity and the surfaces are absolutely as struck. We have looked smooth, generally problem free surfaces. A dusting of gold and at this SUPERB GEM with a very strong glass and cannot figure out pearlescent hues grace both sides, attesting to the originality of what CAC saw that precluded a green CAC bean. There is some nice this high grade coin. contrast at angles, and the eye appeal is amazing. PCGS 88, NGC 68. The current PCGS Price Guide value is listed PCGS 75, NGC 177. Recent non-CAC PCGS PR68 examples have at $1,600, but the most recent examples sold in the 2019 ANA sold in the $2,160 to $2,703 range and the current PCGS Price Guide auction for $960 and $840. This one should bring a strong bid for value is listed at $3,500. EXCESSIVELY RARE any finer, just half a its very original beauty. dozen coins have been graded higher and none have appeared in auction since 2015. A great capstone to any Proof Walker collection. PCGS# 6630 | ESTIMATE: $800+ PCGS# 6642 | ESTIMATE: $2,300+ 155

LOT 360 50C 1952-D PCGS MS67 FBL CAC One of the absolute FINEST KNOWN examples of this date. While available even in MS65 and MS66 with FBL definition, this date is EXCESSIVELY RARE in SUPERB GEM, as here. Really an impressive beauty for the advanced Franklin half dollar collector and a prize for the Set Registry. Beautifully toned on the obverse, shades of pale olive and silver that blend into a rich sunset-orange and golden-rose palette of color. Highly lustrous and displaying sharply impressed details, this 52-D has a superb eye appeal. Even using a powerful loupe all we can find are a couple of tiny ticks on the reverse. PCGS 5, NGC 1, CAC 3. Another toned example with CAC approval sold for $17,000 in a March 2019 Internet only auction and the current PCGS value is listed at $16,000. A very impressive SUPERB GEM, and a coin that will face stiff bidding competition from Registry Set collectors! Good luck! PCGS# 86662 | ESTIMATE: $17,000+ LOT 361 50C 1953 PCGS MS67+ CAC This is the single FINEST graded 1953 half dollar in either designation, with or without FBL. Classic dappled Mint Set toning in shades of pale blue, russet, and golden olive patina graces both sides of this ultra lustrous SUPERB GEM. Nary a mark can be found anywhere, even with the aid of a powerful glass, and the strike is just a little soft at the upper left bell lines, keeping this from that striking designation. PCGS 4, NGC 1, CAC 1. This is the ONLY MS67+ either service and is unpriced in the PCGS Price Guide. Our estimate is just that, as with any POP TOP, who knows where the bidding will end when the Registry Set contenders get into an intense bidding war to add it to their set. Good luck! PCGS# 6664 | ESTIMATE: $6,000+ 156

LOT 362 50C 1954 PCGS MS67 FBL POP TOP alert! Attention Franklin half dollar specialists, LRCA is honored to offer this tied for FINEST GRADED 1954 Franklin half dollar. Pristine surface preservation defines this marvelous SUPERB GEM. Sharply struck and satiny lustrous, this coin has all the bells and whistles that the collector demands. Lovely original toning is dusted across the surfaces giving it a great look. We cannot find anything on either side that would preclude a CAC endorsement, regardless, as one of the FINEST KNOWN in a very popular series, we know this coin will attract very strong bidding from those vying for #1 set! PCGS 4, NGC 0. Only one has ever sold in auction, realizing $14,100 three years ago. The current PCGS Price Guide value is $16,500 and we think this GLORIOUS coin will bring close to that. Good luck! PCGS# 86667 | ESTIMATE: $8,500+ LOT 363 LOT 364 50C 1954-D PCGS MS66+ FBL CAC 50C 1956 PCGS MS67 FBL CAC Bested by just a trio of MS67 FBLs, this gorgeously toned and Among the FINEST graded for the date. We love the look! This coin totally original PQ GEM is tied for second FINEST for this clearly resided in an original mint set, whose cardboard holder conditionally difficult date. Clearly this lustrous beauty sat in an imparted the iridescent, mostly pastel blue and pink toning on both original Mint Set, where the cardboard and paper holder imparted sides; the varied shades brought out by a vivid luster. Sharply struck a rich melange of tangerine, gold, and mottled tan on both sides. devices stand out against the smooth, clean surfaces. In all, this Splashes of untoned, original silver glints with a brilliance that 1956 half has a great visual allure. is quite enchanting. Sharply struck up and wonderfully smooth surfaces add to the exceptional eye appeal. PCGS 54, NGC 7, CAC 50. The most recent example to sell in auction realized $2,880 in August 2019 and the current PCGS value PCGS 213, NGC 34, CAC 41. PCGS has graded just 18 in MS66+ is listed at $2,200. Keep in mind only two are graded finer, and the FBL and the last one to sell was in in our July 2018 Premier last one to sell brought $9,000 in the 2018 FUN auction. With its Session for $2,500. NOTE the rarity any finer, the last MS67 FBL, total originality, this one should bring a considerable bid from the one of only three so graded, brought $21,275 back in June 2002! advanced collector. Clearly anyone today working on a world class Registry Set may never have access to one of the 67s, putting outsize demand on PCGS# 86671 | ESTIMATE: $2,000+ this stunning quality MS66+! PCGS# 86668 | ESTIMATE: $2,500+ 157

LOT 365 50C 1958 PCGS MS67+ FBL CAC Tied for FINEST graded with the monster toned example that brought a world record price of $129,250. Like that coin, this one is beautifully toned with amazing eye appeal. Boldly lustrous surfaces gleam with a strong, brilliant vibrance. Every detail is sharply struck up from a precision blow from the dies. Again, like the other example, this coin’s eye appeal is mostly imparted by a dramatic palette of color. Sunset orange dominates and is joined by emerald green, violet, and magenta tones on the obverse, while the reverse has some pale blue within the olive-gold shades that dominate The surfaces are clean and smooth, free of any distracting marks, lines or anything else. This coin is totally worthy of its lofty grade. PCGS 25, NGC 7, CAC 13. There are three coins graded total in MS67+ FBL, only one of which has ever sold in auction, the world record breaking example that brought $129,250 after multiple rounds of fierce bidding. Collectors Universe value has not been adjusted. As one of the FINEST of all Franklin half dollars known, this coin will see very strong bidding when the hammer falls. PCGS# 86674 | ESTIMATE: $15,000+ LOT 366 LOT 367 50C 1950 PCGS PR67 CAC 50C 1953 PCGS PR68 CAM CAC A totally original PR67 of this popular first year of the Franklin Exceptional everything; from the deeply mirrored, reflective fields series. Watery mirrored fields are framed by a delicate iridescent to the nicely frosted white devices, this SUPERB GEM has a ton of toning, attesting to the originality. The eye appeal is excellent, visual allure. Flawless mirrored fields beam with a vibrance rarely and even with a powerful glass we are unable to locate anything encountered for this date. The contrast is bold and very high end. worthy of mention. PCGS 32, NGC 49, CAC 40. The most recent PCGS/CAC example PCGS 184, NGC 326, CAC 88. The most recent example to sell in sold for $3,360 in November 2018 and before that, one sold in auction realized $3,100 in an October 2019 Internet auction, and April 2018 for $3,600. The current Collectors Universe value is the current Collectors Universe value is $3,000. RARE finer, PCGS listed at $4,250 and there are NONE FINER in the designation, has graded just 20 in 67+ and 1 in 68. making this beauty a prime candidate for any carefully chosen set. PCGS# 6691 | ESTIMATE: $2,500+ PCGS# 86694 | ESTIMATE: $3,000+ 158

LOT 368 50C 1961 DOUBLED DIE REVERSE. PCGS PR67+ CAC Tied with just one other as FINEST in the designation, this borderline CAMEO is exceptional! Ultra deep, beaming mirrors contrast nicely with the sharp devices. This one is untoned, and highly contrasted, just shy of deserving of a full CAMEO designation. The surfaces are flawless and brilliant, with deep reflective mirrors. Amazing eye appeal. The quality is wonderful and high end. The doubling is most noticeable on E PLURIBUS UNUM and other letters. PCGS 25, NGC 26, CAC 10. There are just two examples in PR67+, neither of which have ever sold in auction, and PCGS has not included a price for this grade in their Price Guide. In PR67 it is listed at $6,750. In Cameo, nothing is graded higher than 66+, and the single example brought $14,100 three years ago. This is an important coin for anyone working on a top ranking set of Franklin Proofs. PCGS# 6689 | ESTIMATE: $9,000+ LOT 369 $1 1795 3 LEAVES. PCGS VF25 B-5, BB-27. This is the most common Flowing Hair dollar variety, and is perfect for type purposes. Easily identified by the small “bar” just off the top strand of hair behind Liberty’s head. This coin shows honest wear with no signs of harsh treatment over the course of its existence. Lovely dove-gray color deepens to a deeper tone near the rims. Off the market for ages, our consignor’s father stored this collector grade 1795 dollar in an ancient Wayte Raymond board until it was consigned to LRCA for grading and sale. PCGS 184, NGC 65. Two sold in the 2019 FUN Auction, one for $4,560 and the other for $4,080. This pleasing example is great for any budget minded collector looking for a nice VF for type or date purposes. PCGS# 6852 | ESTIMATE: $3,500+ 159

LOT 370 $1 1799 PCGS MS62 B-12, BB-160. A popular Red Book variety, with no berries on the olive branch. This is a high end example falls just shy of the Bowers Condition Census. Sharply struck from a cracked obverse die, Die State III. The surfaces are smooth and satiny lustrous with a rich overtone on both sides that give this nearly CHOICE BU Bust dollar a wonderful, original look. Pale dove patina has a pearlescent sheen that is layered with a delicate battleship-gray, slate-blue, and amber-gold tone. Lighter shades of antique silver glows when rotated in a light. This die marriage is one of the more common for the year, but like all Bust dollars, is quite rare in any Mint State grade. All Mint State dollars are a highlight of whichever auction it is presented in. Most Draped Bust dollars are seen in lower grades or with condition issues, mostly in grades lower than VF; XF and AU coins are scarce. Mint State coins turn heads. This essentially CHOICE example is not an AU coin in a Mint State coin. PCGS 26, NGC 14. This coin sold for $30,000 in January 2019 and the current PCGS Price Guide value is listed at $32,500. As a date, PCGS has graded just 31 finer, up to MS66 grade. However, we think there must be duplication in the Population Reports. Though not listed in Dave Bowers’ census, this high end coin will delight anyone looking for a high grade example of the date or variety. PCGS# 40051 | ESTIMATE: $30,000+ 160

LOT 371 LOT 372 $1 1800 PCGS VF30 CAC $1 1800 12 ARROWS. PCGS XF45 CAC B-13, BB-193. This is just a wonderful, collector grade Draped This is a very pleasing, Choice XF B-17, BB-196. This variety is easily Bust dollar. Problem free, moderate wear from use in early identifiable by the die clash that makes it look like Liberty has a American commerce, retains bold definition on both sides. Olive, collar. This one is totally original, with a warm olive and tan accented tan, russet and dove patina define both sides of this pleasing and dove and pewter gray patina. Well struck and very pleasing coin is original type coin. exceptional for the grade and worthy of a great type coin. PCGS 181, NGC 74, CAC 21. The most recent example brought PCGS 10, NGC 5, CAC 4. The only CAC-approved example to $2,400 in the 2019 ANA auction and the current PCGS value is sell in auction was NGC-graded and realized $4,700 in a weaker $2,500. This lovely example has long been off the market, recently market in February 2015 and the current PCGS Price Guide value graded by us for the first time. This is a great coin for a budget value is listed at $4,500. minded type collector. PCGS# 6890 | ESTIMATE: $4,000+ PCGS# 6887 | ESTIMATE: $2,000+ LOT 373 $1 1858 NGC PR64 EX AMON CARTER COLLECTION, as noted on the holder. An important coin, hailing from one of the greatest silver dollar collections of all time, the Amon G. Carter Collection. A Proof only date, and struck during the first year that Proofs were struck for sale to the general public, the mintage was quite low. While no official record was kept, the oft sited mintage of less than 80 was apparently told to the Chapman Brothers by Patterson Dubois, an employee of the Philadelphia mint. Today, the most recent mintage estimate, reported in the Osburn Cushing reference estimates 275 originals and 35 restrikes. Both sides of this VERY CHOICE 1858 dollar show off glassy mirrored fields that have a flashy reflection, especially when rotated in a light. Lovely peripheral toning, showing shades of gold, blue, amber-orange, and rose, with a slightly angular pattern, which is almost a signature for the Proof Seated Liberty dollars from the famed Carter Collection. A strong glass shows some light hairlines in the fields, which are all that keep this really attractive coin from a CAC-bean. Amon Carter was, among other things, the publisher of the Fort Worth Star-Telegram and a director of American Airlines, as well as on the board of the Texas Rangers Baseball team. He was an avid coin collector, whose amazing collection, which boasted one of the most extensive silver dollar and U.S. Gold coin selections was sold by Stack’s in January 1984, where this coin appeared as lot 267. Also appearing in that sale was the Specimen 1794 silver dollar, which our founder Laura Sperber bought later on for a world record price for any U.S. coin, over $10,000,000! PCGS 7, NGC 12. There has not been an NGC-graded coin in PR64 since March 2010--that coin brought $13,800. This coin has apparently not been sold in auction since September 2003, when it sold uncertified, and was described as “Choice Brilliant Proof, with the glorious visual appear of a higher grade.” The current Collectors Universe value is listed at $22,000. Extremely RARE any finer, NGC has graded just 13 coins finer in all designations. This is one of the classic silver dollar issues, and highly desirable in all grades, but especially so in PR64! PCGS# 7001 | ESTIMATE: $13,500+ 161

LOT 374 $1 1860 PCGS PR64 CAC A well preserved near-GEM Proof that is totally original. Pale gold tone accents highly reflective mirrored fields and there are blue and amber-rose slashes seen at the peripheries. The reliefs are uniformly sharp and quite frosty. The fields show light lines when viewed under certain angles, but nothing too distracting, nor are they inappropriate for the assigned grade. While 1,330 were struck, only 527 were SOLD, thus the remaining Proofs were melted down at the mint. Of those that did sell, it is a certainty that some were spent during the turmoil of the Civil War that was to begin the following year. PCGS 43, NGC 39, CAC 12. The most recent sold for $7,200 in September 2018. The current Collectors Universe value is listed at $6,750. RARE FINER, this date is very popular as the last antebellum date. PCGS# 7003 | ESTIMATE: $6,500+ NOTES 162

LOT 375 T$1 1875-S TRADE. PCGS MS66 CAC SUPER HIGH END! We can’t tell you how many times we sent this coin seeking a +). Maybe we are blind, but we can’t figure out what PCGS sees (we make no promises it will ever +). Superior surfaces have faint traces of semi prooflike mirrors yet are satiny smooth. Even if you use a strong glass and look and look you will not find ANY marks or problems. The surfaces are also intensely lustrous . The centers are creamy white and there is some light russet toning on the rims. Miss Liberty and the details are frosty and are fully struck. The eye appeal is fantastic! PCGS 7, NGC 5, CAC 3. The last PCGS CAC piece to sell in auction brought $22,800. The current Collectors Universe Value is $27,500. Our unique experience with Trade Dollars (our sister company has built the #1 all time finest set) has taught us how rare and UNDER appreciated they are in grades like this. It would really boost value significantly if all MS TD’s looked like this! PCGS# 7039 | ESTIMATE: $21,000+ LOT 376 T$1 1876-CC DOUBLED DIE REVERSE. PCGS MS62 CAC FS-801. What a high end SUPERB GEM! What a great example, among the FINEST KNOWN 1876-CC Doubled Die Reverse trade dollars. Hard to imagine, but this coin was replaced by the amazing MS64 which was a recent find. Brilliant, untoned silver surfaces gleam with a bold, semi-reflective flashy luster. Sharply struck devices stand out with a warm, frosty texture. The surfaces are very clean for the assigned grade, with just some minor ticks and giggles seen with the aid of a strong glass. The eye appeal is amazing for the grade. The doubling is clearly evident among the eagle’s talons, olive branch and lower feathers. This is a rarity in the series, with PCGS CoinFacts estimating 40 surviving in all grades, with just seven in Mint State. This variety was a late discovery, when Jack Beymer discovered it sometime before 1988 (as it was included in Walter Breen’s Encyclopedia. It is one of the most dramatic of all doubled dies in the entire U.S. series. PCGS 1, NGC 2, CAC 2. A PCGS MS62 without CAC sold for $16,200. This coin really should bring in excess of the current PCGS Price Guide value of $17,500 as it is very high end and close to MS63 quality for sure! The consignor paid $20,400 for this piece. Worth placement in a WORLD CLASS trade dollar collection, keep in mind it was missing from the great Battle Born Collection of Carson City coinage! Good luck. PCGS# 97042 | ESTIMATE: $18,000+ 163

LOT 377 LOT 378 T$1 1876-S CHOP MARK. PCGS AU58 CAC T$1 1877-CC CHOP MARK. PCGS MS61 CAC This is a borderline Mint State example of this date with three A fully reflective and flashy lustrous 77-CC Trade dollar with four Chop Marks: a very softly impressed on on Liberty’s breast, a chops on the obverse and two or three on the reverse. Traces of deeper and clearly impressed one on her knee, and another small contact from travel to China from the United States, a glass reveals hidden one on the arrows on the reverse. Pleasing and original, some minor marks and ticks on both sides. The eye appeal is bold with a good strike and an essentially full mint luster. and this is such a cool piece of international trade history. PCGS 45, NGC 0, CAC 3. Freshly graded and CAC approved PCGS 4, NGC 0, CAC 1. This is the only CAC example to come this lovely coin will bring a strong price for the issue when the up for auction. Two non-CAC coins with fewer chop marks have hammer falls. The record for a PCGS AU58 is $705 realized in sold in auction, one in March 2019 for $1,680 and the other three April 2016. years earlier for $3,055. The CAC approved MS62 sold in March 2013 for $4,406. PCGS# 87043 | ESTIMATE: $500+ PCGS# 87045 | ESTIMATE: $2,000+ LOT 379 T$1 1874 PCGS PR64 CAM CAC Possessing a totally original, classic, old time collection look is the borderline GEM quality 1874 Proof Trade dollar. Watery, reflective mirrors have a great flash and lovely depth of clarity despite a dusting of iridescent tone. Sharply struck, thickly frosted devices contrast boldly against the hard, sleek fields. Perhaps a stray line or two can be found with the aid of a strong glass that keeps this coin from a full GEM grade, but they do not limit the eye appeal, which at certain angles this beauty takes on the look of a near DCAM. Only 700 Proofs were struck. PCGS 31, NGC 17, CAC 15. Do NOT let the population data fool you, NO PCGS/CAC example has sold in auction since August 2013! The current PCGS Price Guide value is listed at $5,500 and keep in mind that there are only SEVEN graded higher in the CAM designation, and in PR65 CAM this date sells for well into the five figure range. This coin has a lot to offer the collector! PCGS# 87054 | ESTIMATE: $4,200+ 164

LOT 380 T$1 1876 TRADE. PCGS PR64 DCAM A gorgeous untoned, highly reflective borderline GEM. The fields are ultra flashy and wonderfully mirrored with a soft light golden hue. The devices are sharply struck up and fully frosted, imparting the Deep Cameo contrast. A few light lines in the fields account for the grade, but they have no serious impact on the outstanding eye appeal. PCGS 7, NGC 5. The most recent example sold in the 2018 FUN auction for $5,520 and prior to that, one sold in the 2013 FUN auction for $7,050. The current PCGS value is listed at $8,000 and just a single PR64+ DCAM is graded finber. Good luck, this is a great centennial year Trade dollar Proof for the date collector. PCGS#97056 | ESTIMATE: $6,000+ LOT 381 T$1 1877 TRADE. PCGS PR64 DCAM CAC Are you looking for an intense, Deep Cameo Trade dollar for a type set, but do not want to spend $20,000+ for a GEM? This is a great example for you. Do not overlook it. The highly reflective, deeply mirrored fields have a bold clarity. Standing in full 3D effect are the sharply struck and thickly frosted devices that contrast brilliantly against the fields. A few tiny ticks and a patch of very minor hairlines can be seen, accounting for the assigned grade, but the visual allure is strong and bold. Only 510 Proofs were struck. PCGS 6, NGC 6, CAC 5. The only CAC example to sell in auction realized $9,107 in our July 2017 Regency Auction. Before that, the last PR64 DCAM sold in February 2009! Clearly these are not frequently available for collectors. We anticipate strong bidding for this one when it crosses the block--who knows how long you will have to wait for another! PCGS# 097057 | ESTIMATE: $7,000+ 165

CTHUELLEN B. COLLECTION Named for our consignor’s young grandson who loved these “shiny” big coins, the collector set out to assemble as high a quality set, with the goal of all PCGS and CAC coins, and they had to meet his standard for eye appeal for the issue. Buying coins out of auctions, at local coin shows, off eBay, and from well known dealers, the collector worked hard to assemble a nice collection of Morgan dollars. While not a complete Morgan dollar set, the Cullen B Collection is extensive, offering not just most dates and mints, but also includes numerous Red Book listed varieties, VAMs, and a DMPL or two as well to keep the offering interesting and varied. With most coins in the $1,000-$5,000 range, the Cullen B Collection shows that you do not need to spend huge sums to assemble a really nice, and personally meaningful collection of Morgan dollars. 166

THE CULLEN B. COLLECTION LOT 382 LOT 383 $1 1878 8 TAIL FEATHERS. PCGS MS65 CAC $1 1878-CC VAM-11. PCGS MS65 CAC A bold, brilliant, lustrous way to start this collection. Sharply This Top-100 VAM is identified by a number of die gauges in the struck devices have a bold frost. A lovely semi-prooflike reflection wings. RARE any finer, the Lines in Wings variety offered here is flashes in the brilliance. Very pleasing for the grade, the surfaces a great coin for any variety specialist. Radiating mint luster rolls are quite clean and high end. Pretty scarce any finer. with strong cartwheels, accenting the exceptionally frosty, sharply struck devices. A lovely GEM despite a few stray marks. PCGS 836, NGC 342, CAC 123. There has been a wide range of APRs, mostly falling between $1,300 and $1,600. A very nice coin For the variety, PCGS has only graded 20 in MS65 and two finer. that, despite the modest $1,100 Collectors Universe value, should bring way more. For the date: PCGS 2243, NGC 1237, CAC 187. The most recent examples sold in auction range from $1,265 to $1,800. Collectors PCGS# 7072 | ESTIMATE: $1,000+ Universe lists VAM-11 at $1,550. Just two are graded finer for the variety, worthy of a strong bid. PCGS# 7080 | ESTIMATE: $1,400+ LOT 384 LOT 385 $1 1878-S VAM 6. DOUBLED RIB. PCGS MS66 CAC $1 1878-S PCGS MS66+ CAC A popular Hot 50 variety with RIB in LIBERTY clearly doubled, Very RARE any finer, this lovely MS66+ has a bold radiant luster and this PQ GEM is among the top half dozen graded, tied as one that is a true delight to the eye. The palest traces of iridescent gold of five graded MS66, with just a single 66+ finer. Blazing luster accents the smooth, SUPERB GEM surfaces. Clean and free of any radiates with a strong brilliance on both sides. Sharply struck and distracting marks, both sides show a good strike and the reverse untoned this generally clean example has a very eye appealing has some lovely flash. The eye appeal is very high end. “just struck” look. PCGS 977, NGC 511, CAC 313. PCGS has graded 118 in MS66+, PCGS 5, NGC 2, CAC 314 (all varieties). The only example we which must include duplication of submissions in hopes of getting can find that has sold in the last decade brought $3,600 in June a MS67 grade. The most recent MS66+ CAC examples sold in 2018, and this variety is unpriced at Collectors Universe. With just the 2019 ANA auction, one selling for $2,160 and the other for a single MS66+ finer, we expect anyone working on a world class $1,920. The current PCGS Price Guide value is $1,750 and keep collection of VAMs will place a very strong bid on this GEM. in mind that the value jumps to $10,000 in MS67. This is the optimal grade for most collectors to add to their sets. That said, we PCGS# 7082 | ESTIMATE: $2,000+ see strong bidding for this high end example! PCGS# 7082 | ESTIMATE: $1,500+ 167

THE CULLEN B. COLLECTION LOT 386 LOT 387 $1 1879 PCGS MS66 CAC $1 1879-CC CAPPED DIE. PCGS MS62 CAC A blast white, frosty lustrous GEM that we sold in December Brilliant mint luster blooms on both sides of this high end for the 2017, described as: “A highly lustrous and high end Premium grade Capped Die. A popular variety, it is one of the key issues, Quality GEM Morgan dollar. Well struck devices are nicely frosted especially in Mint State grades. The present coin is of essentially and stand out against the rolling cartwheel luster in the fields. full CHOICE quality with just some contact on the cheek, which The surfaces are very pleasing and clean for the grade with nary a keeps it away from a higher grade; taken on its own the reverse is mark to be found.” a full 63 grade. The strike is well defined with just some softness above Liberty’s ear. Despite the contact, this is a lovely BU PCGS 262, NGC 74, CAC 70. Back in December 2017, this GEM example. brought $2,640. While the value has dropped a bit since that time, with the current PCGS value being listed at $1,600, the value PCGS 386, NGC 251, CAC 30. The most recent example sold in jumps to $3,750 in MS66+. Keep in mind that in MS67, the last a May 2016 Internet only auction for $5,350. Prior to that, one one sold over a dozen years ago! This lovely, Premium Quality sold for $4,700 in March 2016. The current PCGS value is listed GEM is worthy of a strong bid and placement in a high quality set. at $5,250. If you are looking for a lustrous Mint State example without breaking the bank, take a look at this one and bid PCGS# 7084 | ESTIMATE: $1,600+ accordingly. PCGS# 7088 | ESTIMATE: $4,200+ LOT 388 LOT 389 $1 1879-O PCGS MS65+ CAC $1 1879-S PCGS MS67+ CAC Blazing mint luster swirls around exceptionally clean and high A bold, brilliant luster bomb! Screaming, semi-prooflike mint end surfaces. The eye appeal is bold with nicely struck up devices bloom gives this amazing SUPERB GEM an intense, flashy look. and a brilliance rarely seen on this date. We love the look of this Sharply struck and nicely frosted devices are exceptionally well GEM and you will too! preserved and high end quality. Clearly the collector carefully selected this GEM for its essentially flawless quality and great eye PCGS 529, NGC 154, CAC 83. PCGS has graded 63 examples in appeal! MS65+. VERY RARE any finer with just 36 coins graded higher. The last PCGS/CAC example to sell brought $4,560 in September 2019 PCGS 1774, NGC 2080, CAC 536. PCGS has graded 166 in and prior to that, one sold in February 2019 for $4,800. Keep in MS67+. The most recent example sold for $2,880 in the 2019 mind that no CAC approved MS66 has sold since August 2011, ANA auction While others have sold between $1,000 and $1,300, which realized over $25,000! Clearly this high end MS65+ is the and the current PCGS value is $1,250, a similar looking example optimal grade for most collectors. We see this one ending up in brought $2,640 February 2019. This blazing SUPERB GEM is a great collection of Morgan dollars. We know bidding will be as worthy of a very strong bid indeed! We know it will be at home in intense as the luster for this gorgeous GEM! a very high end set! Bidding will be fierce. PCGS# 7090 | ESTIMATE: $3,500+ PCGS# 7092 | ESTIMATE: $1,500+ 168

THE CULLEN B. COLLECTION LOT 390 LOT 391 $1 1880-CC VAM-3. PCGS MS64 CAC $1 1880-CC 8/HIGH 7. PCGS MS66 CAC The sole FINEST graded VAM-3 at PCGS. IT is a borderline GEM A frosty, lustrous, brilliant silver white example of this better with a supple, satin frost that delights the viewer’s gaze. Sharply Carson City issue. Very high end for the grade, and RARE any struck, this coin has a great look. finer, this is a great looking, well struck GEM. The reverse is fully Prooflike with great contrast between the frosted eagle and This is the finest of two graded as VAM-3, the other is an XF40. reflective fields. We are not sure where this one will end up, but it will certainly bring a premium over the Collectors Universe value of $625 for a PCGS 95, NGC 20, CAC 43. The most recent example sold for regular MS64. $2,040 in the 2019 ANA auction, and two sold for $1,800 in July 2019. The current PCGS value is listed at $2,200. VERY RARE PCGS# 7100 | ESTIMATE: $1,000+ finer, a 66+ is worth around $7,000+. This exceptionally high end GEM is worthy of a wonderful Morgan dollar collection. PCGS# 7102 | ESTIMATE: $1,600+ LOT 392 LOT 393 $1 1880-CC 8/LOW 7. PCGS MS65+ CAC $1 1880/79-CC REVERSE OF 1878. PCGS MS65 CAC Here is a very high end, exceptional, frosty, lustrous example of Brilliant and frosty, this is a wonderful, eye appealing, well struck the popular 80-CC dollar. Thick, white silver frosty texture graces GEM example of this popular Carson City issue. Only the slightest the sharply struck design elements. The brilliant mint luster has trace of chatter keeps this high end coin from a higher grade. quite a bit of flash in the fields that contrasts nicely with the frosty Some light iridescent gold and brilliant silver white are seen on white sharply struck devices. A few stray traces of contact can be both sides, imparting a great eye appeal. seen, accounting for the assigned grade. The eye appeal is very high end for grade and is a delight to behold. PCGS 583, NGC 143, CAC 58. Hard to find with CAC approval, the last one to sell was nearly two years ago, in the 2018 FUN PCGS 249, NGC 66, CAC 37. PCGS has assigned the MS65+ auction. In fact, only 12 PCGS/CAC MS65s have ever sold in grade 20 times. The current PCGS value is listed at $1,600 and auction going back to 2008! The average APR is $2,244, with the the only PCGS/CAC example to sell this year brought $1,560 in most recent selling for $1,920. Scarce any finer, there are fewer the 2019 ANA auction. Fewer than 90 have been graded finer than 150 that have graded finer at PCGS. We anticipate strong and the value jumps to over $3,000 for CAC-approved examples. bidding for this one as it is high end for the assigned grade. This GEM has a great look and will appeal to any collector of Morgan dollars. PCGS# 7108 | ESTIMATE: $1,600+ PCGS# 7104 | ESTIMATE: $1,250+ 169

THE CULLEN B. COLLECTION LOT 394 LOT 395 $1 1880-O PCGS MS64+ CAC $1 1881 PCGS MS66 CAC A bold, radiating cartwheel luster that blazes with an intensity This is a SUPERB GEM 1881 all the way! rarely seen on this date, and compares t to that usually seen on the San Francisco mint coinage of 1880. Nicely struck for the date, The surfaces are truly above average in cleanliness. A strong luster despite a late die state, with extensive peripheral die cracks at the beams from all over and both sides are a crisp white. No question lower obverse. The eye appeal is very high end, and in the old this coin was never messed with. Ms. Liberty, the eagle, and the days, this coin would have easily been called a GEM. VERY RARE details are all frosty and well struck, imparting a great eye appeal! any finer! PCGS 221, NGC 54, CAC 39. RARE finer. This PQ GEM was sold PCGS 1672, NGC 957, CAC 239. PCGS has graded 166 in in our Final Premier Session December 2018 Internet Auction, MS64+. Only fifty coins have graded higher in over 33 years of realizing $1,595 and was part of the Sand Hill Collection. Prior grading operations. The most recent example we sold was in our to that, it sold for $2,420 in our January 2018 Premier Session. May 2019 Regency Auction, which realized $3,525. A PCGS/CAC Worthy of a very strong bid indeed! Good luck. MS65 will cost over $20,000, making this the highest grade most collectors will be able to own, and we see very high demand for a PCGS# 7124 | ESTIMATE: $1,600+ coin like this! Be prepared for bidding to go above the PCGS value of $3,750. PCGS# 7114 | ESTIMATE: $2,800+ LOT 396 LOT 397 $1 1881-CC PCGS MS66+ CAC $1 1881-O PCGS MS65 CAC Thick, frosty, shimmering, brilliant silver luster blooms with a bold A highly lustrous GEM with a great look! While 2/3 of the obverse vivacity on both sides of this borderline SUPERB GEM. All that and the whole reverse retains its bold, original silver lustrous keeps this high end coin from a higher grade is a touch of contact surfaces, the lower left obverse offers a magnificent display of fiery from bag storage. A very eye appealing, and PQ example. orange magenta, pale blue, and purple hues. Ultra eye appealing, this coin would have easily graded a 65+ were it not for a small PCGS 2012, NGC 830, CAC 470. There are 315 graded MS66+ at contact mark on the reverse above the eagle’s head. RARE any PCGS and recent CAC-approved examples have sold in the $1,700 finer. to $2,400 range, with a Collectors Universe price of $1,750. Scarce finer, this is an affordable, high grade GEM that will fit into PCGS 817, NGC 468, CAC 103. The last one to sell brought any set. $990 in July 2019 and we sold one for $1,234 in our May 2019 Regency Auction. The CAC CDN Bid/Ask is $1,100/$1,380. Rare PCGS# 7126 | ESTIMATE: $1,500+ finer, Collectors Universe values MS65+s at $2,000. This colorful GEM seems like a great value! PCGS# 7128 | ESTIMATE: $1,000+ 170

THE CULLEN B. COLLECTION LOT 398 LOT 399 $1 1882 PCGS MS66+ CAC $1 1882-CC PCGS MS66+ CAC This is an ultra high end for the grade GEM which borders on the A lovely GEM example that boasts a bold, swirling cartwheel SUPERB classification. Well struck and highly lustrous, a strong luster, a nice strike, and nearly SUPERB surface quality. The eye glass reveals nothing but the most trivial traces of contact. appeal is wonderful. PCGS 482, NGC 219, CAC 87. PCGS has graded 59 in MS66+ PCGS 1793, GC 653, CAC 391. PCGS has graded 229 in MS66+. with just 14 coins graded finer. This lovely coin brought $2,468 The most recent example we sold brought $1,821 in our January in our December 2017 Regency Auction. While the PCGS value 2019 Regency Auction. More recently one sold for $1,320 in the is $1,750 we know this one will sell for more when it comes up 2019 ANA auction. The current PCGS Price Guide value is listed for sale again. The last PCGS/CAC MS67 by comparison sold for at $1,500. Scarce in MS67 and RARE finer than that. $28,200! This GEM looks like a great value to us! PCGS# 7134 | ESTIMATE: $1,000+ PCGS# 7132 | ESTIMATE: $1,600+ LOT 400 LOT 401 $1 1882-O/S STRONG. PCGS MS64+ CAC $1 1882-S PCGS MS67+ CAC With just three examples finer, this high end MS64+ is as high a Brilliant and frosty, this is a wonderful, eye appealing, well struck grade as any collector could ever hope to acquire! A billowing, GEM example of this popular Carson City issue. Only the slightest satiny mint luster blooms with a pearlescent sheen on both sides. trace of chatter keeps this high end coin from a higher grade. Well struck for the issue, the central details are well defined. A Some light iridescent gold and brilliant silver white are seen on touch of pale iridescent gold attests to the originality and eye both sides, imparting a great eye appeal. appeal of this near-GEM. Indeed, we think in the old days, it would have been called GEM BRILLIANT UNCIRCULATED. PCGS 583, NGC 143, CAC 58. Hard to find with CAC approval, the last one to sell was nearly two years ago, in the 2018 FUN PCGS 328, NGC 191, CAC 47. PCGS has graded just 23 in auction. In fact, only 12 PCGS/CAC MS65s have ever sold in MS64+. The most recent example sold for $4,320 in September auction going back to 2008! The average APR is $2,244, with the 2019 and prior to that, we sold two different examples; one in most recent selling for $1,920. Scarce any finer, there are fewer January 2019 for $5,405 and one in July 2018 for $6,169. The than 150 that have graded finer at PCGS. We anticipate strong current PCGS Price Guide value is $6,500. Keep in mind that this bidding for this one as it is high end for the assigned grade. Red Book listed over mintmark variety is EXCESSIVELY RARE any finer, with just three finer, the most recent of which to sell was the PCGS# 7140 | ESTIMATE: $1,100+ finest graded MS65+, which brought $64,625 in our November 2018 Regency Auction. This borderline GEM seems a great value in our opinion and can see it attracting very strong bidding activity when it crosses the block! PCGS# 7138 | ESTIMATE: $4,250+ 171

THE CULLEN B. COLLECTION LOT 402 LOT 403 $1 1883 PCGS MS67 CAC $1 1883-CC PCGS MS66+ CAC This gorgeous and highly lustrous SUPERB GEM is an old friend, Taken on its own, the reverse grades a 67 at the least, and there is selling in our January 2018 Regency Auction, where it was just a tiny frost break or two that keeps that side from being truly described as: superb. Amazing mint luster blooms on generally clean, smooth surfaces and sharply struck devices that stand out. The eye appeal “ A flashy satin frosty luster rolls over both sides of this high end is mint fresh. superb GEM. Well struck and well preserved even close inspection reveals only the most insignificant of ticks. The eye appeal is PCGS 2996, NGC 1099, CAC 711. PCGS has graded 480 in wonderful and grabs you from across the room.” MS66+. Recent PCGS/CAC examples have sold for about $1,000 and the current PCGS value is listed at $1,200. This one may bring PCGS 144, NGC 131, CAC 75. This coin is so high end, it brought more, as it is oh so close to MS67 (no guarantees it will $3,995 in our January 2018 sale. Keep that in mind when figuring ever upgrade). your bid, as it sold for close to what a 67+ did in our September 2019 Regency Auction. RARE finer this is a high end example that PCGS# 7144 | ESTIMATE: $1,000+ will delight even the most jaded collector. PCGS# 7142| ESTIMATE: $2,200+ LOT 404 LOT 405 $1 1883-O VAM-22A. PCGS MS64 CAC $1 1883-S PCGS MS63 CAC Among the FINEST graded examples of this HOT 50 VAM variety. This is a very lustrous and CHOICE example of this conditionally Not only is the coin high end with a great look, it is beautifully RARE date. While not as rare as the 84-S in Mint State, the 83-S toned with a hint of sky blue that clings to the periphery and is difficult to find above the MS63 grade, especially with CAC brilliant peach-gold tone. approval. Bold luster blooms on both sides, the fields show delicate traces of semi-PL flash in the fields. The devices are boldly This is a difficult variety to find in high grade, the finest is a struck, with a wonderful frost imparting a great look. single MS65, followed by this and a handful of other MS64s. Two examples, both non-CAC have sold in auction, realizing $1,763 PCGS 930, NGC 444, CAC 84. We suspect there is some and $3,055 (December 2014 and September 2013) respectively, duplication in the population figures. The most recent sold for and the current Collectors Universe value is listed at $2,250. We $2,040 in September 2019, and one sold for $4,080 in the 2019 think this one, with its lovely tone and CAC approval will delight ANA auction. The last 10 examples, dating to mid-2014 have an any advanced VAM collector chasing high end Hot 50 and Top average of $2,644. The current PCGS Price Guide value is listed at 100 varieties. Good luck. $2,500. A date that is always in demand, especially so fine. PCGS# 7146 | ESTIMATE: $1,400+ PCGS# 7148 | ESTIMATE: $2,000+ 172

THE CULLEN B. COLLECTION LOT 406 LOT 407 $1 1884 PCGS MS66+ CAC $1 1884-CC PCGS MS66+ CAC A magnificent GEM example! A bold, brilliant, cartwheel luster Marvelous cartwheel luster radiates with a white hot brilliance blooms on both sides accenting SUPERB quality surfaces and well that rolls along PQ GEM surfaces, giving this borderline SUPERB struck devices. The eye appeal is quite nice for the date and grade. 84-CC a great look. Thickly frosted devices are sharply struck. PCGS 752, NGC 268, CAC 247. There are 157 MS66+ graded at PCGS 2499, NGC 988, CAC 716. PCGS has graded 392 in 66+. PCGS, and just 78 have graded higher (inclusive of duplication One of the more common Carson City dollars in Mint State thanks from resubmissions and crossovers). The current PCGS value is to the GSA hoard dispersed in the early 1970s, the 84-CC is a $1,050 and we sold a very similar looking coin for $1,234 in our neat type coin. Collectors Universe lists a value of $1,300 and January 2019 Regency Auction. A lovely example for the collector. we expect this high end example to see strong bidding before the hammer falls. PCGS# 7150 | ESTIMATE: $1,000+ PCGS# 7152 | ESTIMATE: $1,000+ LOT 408 LOT 409 $1 1884-CC PCGS MS65+ DMPL CAC $1 1884-O PCGS MS67 CAC A dramatic black and white DMPL with bold contrast! What a Here is a very high end example! Exceptional quality with a beauty! Thickly frosted white devices are sharply impressed and sharply struck up frosty devices that stand out against the satiny very sharp, contrasting against the deeply mirrored reflective smooth and amazingly lustrous surfaces. A hint of pale gold can lustrous fields. They are clean and free of any singularly distracting be seen with the aid of a bright light. Any grade limiting trace of marks. The eye appeal is amazing. contact is located in non focal points on the reverse; the obverse is essentially PRISTINE! PCGS 741, NGC 196, CAC 106. There are just 28 graded MS65+ DMPL. Scarce any finer. The most recent one to sell in auction PCGS 162, NGC 121, CAC 82. The most recent example to sell realized $2,040 in the 2019 ANA auction, and the current PCGS in auction realized $4,320 in the 2019 ANA auction. Prior to Price Guide value is listed at $2,000. This is an ideal coin if you that, one sold for 3,120 in June 2019 and we sold one in January are looking for a single DMPL from the Carson City mint, or are 2019 for $4,818. Just 14 coins are graded finer mostly clustered looking for a GEM to add character to a type set. in MS67+ with just a single MS68 finest. This one belongs in a SUPERB set. PCGS# 97153 | ESTIMATE: $1,500+ PCGS# 7154 | ESTIMATE: $2,800+ 173

THE CULLEN B. COLLECTION LOT 410 LOT 411 $1 1885 PCGS MS67 CAC $1 1885-CC PCGS MS66+ CAC Vibrantly lustrous with bold swirling cartwheels that highlight This is an ideal MS66+ example of the popular 85-CC Morgan crisply rendered devices. The strike is bold for the date, with dollar. A low mintage issue, just 228,000 were struck, thanks to only some very minor weakness above Liberty’s ear. The surfaces the GSA hoard, thousands of lower Mint State grade examples are are generally without flaw and boast an almost “as struck” available to collectors. It is scarce in MS66+ and difficult to find appearance. in SUPERB GEM grade. The present example is extremely lustrous with a billowing silver white surfaces. Sharply struck devices are PCGS 183, NGC 203, CAC 106. The most recent example we sold frosty and are enhanced by a rolling cartwheel. Very high end for in auction realized $3,525 in our May 2019 Regency Auction. Our the grade and visually appealing in every way. consignor bought this SUPERB GEM from the 2018 FUN auction and the current Collectors Universe value is listed at $2,500. Just PCGS 1564, NGC 736, CAC 338. PCGS has graded just 227 in 35 coins are graded finer. 66+. The last CAC-approved PCGS coin sold in the 2019 ANA auction for $2,280 and the current PCGS Price Guide value is PCGS# 7158| ESTIMATE: $2,000+ listed at $2,500. Keep in mind that a PCGS/CAC MS67 just sold for $19,200 in September 2019, making this a great value in our opinion! Good luck. PCGS# 7160 | ESTIMATE: $2,000+ LOT 412 LOT 413 $1 1885-O PCGS MS67+ CAC $1 1885-S PCGS MS65 CAC This marvelous SUPERB GEM is a very high end example and as A radiant GEM S-mint Morgan. Showing off the vivid mint luster high a grade as most collectors could ever realistically hope to that is known from this facility, this clean, eye appealing GEM bid on. With just four graded finer, this date is extremely difficult is brilliant, white silver highlights the sharply struck devices. A to find in 68. A brilliant, satiny mint frost gleams all over with a lovely coin! strong vibrance on both sides. A trace of the slightest gold clings to the lower left stars on the obverse. The eye appeal is high end. PCGS 627, NGC 242, CAC 57. The 85-S is a date whose Collectors Universe value of $1,450 is lower than what PCGS/ PCGS 394, NGC 594, CAC 221. The last ten PCGS/CAC MS67+s CAC coins routinely sell for; the most recent sold for $2,250 in have sold in a wide range of APRS, averaging at $4,032 and the the Stone Collection sale in May 2018 and prior to that they were current PCGS Price Guide value is listed at $4,750. Just four are generally selling between $1,645 and $2,350. Scarce any finer, graded MS68 at PCGS, and only one of these ever sold in auction like most S-mints of the era, not a major rarity like the 83-S and realizing $37,600 in the 2015 FUN Auction. Here is another great 84-S in GEM but difficult like the 86-S, 87-S, etc. coin for a top flight cabinet of Morgan dollars. PCGS# 7164 | ESTIMATE: $1,500+ PCGS# 7162 | ESTIMATE: $3,000+ 174

THE CULLEN B. COLLECTION LOT 414 LOT 415 $1 1886 PCGS MS67+ CAC $1 1886-O PCGS MS62+ CAC Here is a common date Morgan in a not so common state of The 86-O is another date that was not saved at the time of issue preservation. Radiant and brilliant mint luster billows on both by contemporary collectors, the majority of them were either sides with a stunning silver sheen. A touch of clear gold can be stored in bags and melted down in 1918 and those that did go out found at the peripheries framing the satiny smooth and glowing into circulation remained there until they acquired quite a bit of surfaces. The devices are nicely rendered with just a touch of the wear. Scarce from AU on up, the coin becomes rare in MS63 and typical central weakness. The eye appeal is superb! finer. This well struck and frosty lustrous example is a great coin for any budget minded collector. Glints of clear gold and ivory PCGS 592, NGC 941, CAC 395. PCGS has graded 88 in MS67+ iridescence attest to the originality and add to the eye appeal. In and extremely rare any finer. The most recent PCGS/CAC examples our opinion, the contact that limits the grade to a 62+ does not have sold in the $1,860 to $3,878 this year and the Collectors have an impact on the eye appeal. Universe value of $2,500 is about average. This SUPERB GEM will bring a strong price, and keep in mind that CAC MS68 will cost PCGS 869, NGC 567, CAC 49. PCGS has graded just a dozen in over $20,000, if you can locate one! Good luck. MS62+ and the only PCGS/CAC example to sell in auction to sell brought $1,763 in October 2016 (a weaker market). The current PCGS# 7166 | ESTIMATE: $2,000+ PCGS value is listed at $1,950. Scarce in MS63 and RARE any finer if you are still looking for a nice Mint State example that won’t break the bank, do not over look this nearly CHOICE example. PCGS# 7168 | ESTIMATE: $1,700+ LOT 416 LOT 417 $1 1886-S VAM 2. PCGS MS65+ CAC $1 1887 PCGS MS67 CAC The VAM-2 shows a boldly repunched S mintmark, and is listed This is a top notch MS67, and with its blast white brilliance is among the TOP 100. This pleasing, high end GEM has a strong the look most Morgan dollar purists desire! The surfaces are ultra luster that glows all over the high quality surfaces. The devices clean and satiny smooth. There is one tiny tick on the face and are sharply struck, imparting a great look. One of the FINEST that’s really all you can see (and it VERY tiny). Both sides are a examples of this variety graded. gorgeous frosty white. Miss Liberty and the details are frosty and have crisp sharp strikes. Her cheek is especially nice. For the variety PCGS has graded just 1 in MS65+ and three finer. For the date: PCGS 412, NGC 119, CAC 60. Just 23 are graded PCGS 187, NGC 342, CAC 78. The most recent example to sell in MS65+ at PCGS. The most recent example sold for $3,360 in April auction realized $2,040 in June 2019. This coin realized $1,925 2019 and we sold one in our January 2019 Regency Auction for in our February 2018 Premier Session. Today, it should realize a $3,055. Unpriced at Collectors Universe in this grade, we can see bid in excess of the current PCGS value of $1,650. Only 21 coins a VAM specialist placing a strong bid for this one. For reference, are graded finer, making this a fine addition to any Registry Set of the CU value in 65+ is $3,500. Morgan dollars. PCGS# 7170 | ESTIMATE: $2,500+ PCGS# 7172 | ESTIMATE: $1,600+ 175

THE CULLEN B. COLLECTION LOT 418 LOT 419 $1 1887 VAM 12. ALLIGATOR EYE. PCGS MS66+ CAC $1 1887 VAM 1A. DONKEY TAIL. PCGS AU58 CAC This colorfully named Doubled Die variety is a Top 100 VAM A very scarce Top 100, one of the most popular VAMs out there, and is noticed at Liberty’s eyelid. Exceptionally lustrous and well named by the bulge in a die crack off the D in dollar that looks preserved, this is a high condition census example for the variety, like a tail. This lustrous AU58 is in the condition census for the with just 2 in MS66+ and three graded higher. Sharply struck up variety, per PCGS CoinFacts. and frosty, the surfaces are very clean, with only the slightest hints of contact, visible only with the aid of a strong glass. This coin is For the variety, PCGS has graded just 15 in AU58 with less than also the PCGS CoinFacts plate. 20 finer. No PCGS/CAC Donkey Tail has ever sold in auction, but NGC/CAC pieces have sold between $456 and $1,176. We think PCGS 29, NGC 60, CAC 529 (all non-overdate varieties included). this PCGS-graded example will be worthy of a bid toward the There are only two examples in MS66+ with just three finer. No higher end of that range. MS66+ has sold in auction, but the last MS67 sold for $3,760 in August 2016. We expect this high end Alligator Eye to sell for PCGS# 7172 | ESTIMATE: $1,000+ more than the current PCGS value of $650. Good luck. PCGS# 7172| ESTIMATE: $1,000+ LOT 420 LOT 421 $1 1887/6 PCGS MS65 CAC $1 1887-O PCGS MS64 DMPL CAC A lustrous GEM example of this conditionally scarce Red Book Very high end for the grade and gorgeous! Bold contrast between listed overdate. Satiny with a bold frost, the untoned silver surfaces the highly lustrous, reflective fields and thickly frosted and well glisten brilliantly on both sides. The underlying 6 is visible to the struck devices. The surfaces are clean, clearly carefully handled right of the bottom of the 7. Generally clean with few marks to be since it came off the dies. A great looking DMPL that is very rare found anywhere. any finer. PCGS 160, NGC 88, CAC 46. Going back to April 2012, only 10 PCGS 102, NGC 50, CAC 24. The most recent PCGS/CAC example PCGS/CAC examples have sold in auction, realizing an average of to sell in auction realized $2,280 in July 2018 and the current just about $2,000; this one realized $1,800 in March 2018. Rare PCGS value is $2,500. Just a dozen and a half coins have been any finer, this is a great coin for any Morgan dollar collection. graded higher, the finest a 66 that has been off the market for over a decade. Worthy of a premium bid. PCGS# 7174 | ESTIMATE: $1,600+ PCGS# 97177 | ESTIMATE: $2,000+ 176

THE CULLEN B. COLLECTION LOT 422 LOT 423 $1 1887/6-O PCGS MS63+ CAC $1 1887-S PCGS MS65 CAC Nearly identical in quality to the Star City Collection coin we sold Here is another HIGH END GEM dollar from this collection. in January of this year. Highly lustrous surfaces are truly a delight Brilliant cartwheel luster radiates vividly across both sides of this to behold. A decent strike for the issue, the definition is bold 87-S that has a distinctive, semi-PL flash on both sides. Sharply throughout. struck up devices stand out with a nice frost. All that keeps this from an even loftier grade is a scattering of minor chatter. Untoned This popular overdate was not discovered until 1972, thus surfaces gleam all over and have a great eye appeal. The 87-S is a precious few survive in so high a grade; the population drops off scarce date in GEM, and is rare any finer. dramatically in MS64. PCGS 447, NGC 149, CAC 43. The most recent PCGS/CAC PCGS 358, NGC 150, CAC 39. There are 15 in MS63+ at PCGS. example sold in our March 2019 Regency Auction, realizing We have sold two recently, one in January 2019 for $2,233 and $2,233; indeed CAC-approved examples consistently sell well the other in September 2018 for $2,310. The Collectors Universe above the Collectors Universe value of $1,500. Fewer than 75 value is listed at $2,600. A nice coin that will see bidding from have graded finer at PCGS. For more budget minded collectors anyone looking to expand their date set. Good luck. seeking a GEM that is all there, this is a great coin for you! PCGS# 7178 | ESTIMATE: $2,000+ PCGS# 7180 | ESTIMATE: $1,500+ LOT 424 LOT 425 $1 1888 PCGS MS66+ CAC $1 1888-O VAM 9. DOUBLED ARROWS. PCGS MS66 CAC A premium GEM that offers a radiant brilliance over smooth, Another popular Top 100 VAM, this one’s doubling is evident on defect free surfaces. The devices are sharply struck and stand out the lower arrow shafts on the reverse. Swirling cartwheel luster without any singularly serious flaws of any kind. The eye appeal is radiates with a vibrant brilliance on both sides. The reverse shows very nice, especially for the date. VERY SCARCE any finer. a hint of reflective flash, adding to the intensity of the eye appeal. Sharply struck and showing off a touch of iridescent silver-white PCGS 1081, NGC 957, CAC 309. PCGS has graded 163 in 66+. and clear gold tone that attest to the originality, and adding to its The current PCGS Price Guide value is listed at $1,100 and the high end allure. most recent examples have sold in the $990 to $1,440, all in the last six months. Clearly the quality of higher grade examples falls PCGS 9, NGC 1, CAC 80 (for all 1888-O varieties except the off dramatically, of the 149 graded higher combined at PCGS and Scarface and Doubled Die Obverse). This coin sold in a November NGC, only 8 have ever been awarded CAC approval. This is a 2017 Internet Auction for $2,375 and has sold for as much as great coin for anyone who demands high quality. $2,900 in its five auction appearances between 2004 and 2017. Unpriced in the PCGS Price Guide, we anticipate strong bidding. PCGS# 7182 | ESTIMATE: $1,000+ For the Registry Set collector, take note, just a single MS66+ is graded higher! PCGS# 7184 | ESTIMATE: $2,000+ 177

THE CULLEN B. COLLECTION LOT 426 $1 1888-O SCARFACE. PCGS MS63+ CAC Tied for second FINEST Scarface at PCGS, with just a single example graded higher. Not only is it a gorgeous CHOICE BU example, but it is struck from the latest state of the die, VAM 1B4, which displays the die break all the way across Liberty’s cheek and into the lower hair curls behind her neck. This state is the most desired among collectors. The coin itself is very nicely struck with good definition for an 88-O. A warm, satiny mint luster blooms on both sides, which are framed by varying shades of blue and gold tone. The eye appeal is exceptional! PCGS 23, NGC 8, CAC 5. PCGS has graded seven in MS63+ and just a single MS64 is graded finer at PCGS. This was the most recent PCGS/CAC example to sell in auction, realizing $6,000 in February 2018. Since then a non-CAC coin sold for $8,400 in February 2019. The currently PCGS value is listed at $8,500. Keep in mind the value doubles for the FINEST MS64 which sold in June 2018 for $16,800. What a great coin for an advanced Registry Set! We know this coin will bring strong bidding when it crosses the block! PCGS# 87184| ESTIMATE: $5,500+ LOT 427 LOT 428 $1 1888-S PCGS MS65+ CAC $1 1889-O PCGS MS64+ CAC The 85-S is a difficult date to find in such a lofty grade; and this A conditionally rare date any finer, this is a great grade for most one is not just high grade, having been carefully cared for since it collectors to pursue, as the 89-O is quite difficult to find any finer! left the mint. Exceptionally brilliant with a superb luster that rolls Vibrant mint luster graces both sides of this near-GEM example. over both sides. The design elements are crisply struck up and Well struck and very pleasing, this coin is very close to MS65 and the surfaces are clean, free of any singularly distracting marks quality (we don’t know if if will upgrade, but it is close). and both sides are ringed by a light tone that attests to the pure originality of this PQ GEM. PCGS 2037, NGC 1016, CAC 231. The PCGS Population shows 165 in MS64+ and this date is very scarce any finer. We sold one PCGS 408, NGC 96, CAC 31. Twenty-eight have been graded in January 2019 for $1,293 and the current PCGS Price Guide MS65+ at PCGS and of the examples sold in auction, NONE value is $1,200. Worthy of a nice set. were CAC approved. The most recent example sold for $2,820 in February 2017 and the current PCGS value is listed at $3,250; that PCGS# 7192 | ESTIMATE: $1,000+ value doubles in MS66. Worthy of a strong bid, we are not sure where this one will end up when the hammer falls, but it is likely the Collectors Universe value will have to be adjusted upward. PCGS# 7186 | ESTIMATE: $3,000+ 178

THE CULLEN B. COLLECTION LOT 429 LOT 430 $1 1889-S PCGS MS65 CAC $1 1890 PCGS MS65+ CAC A high end, lovely GEM housed in an OGH. Bold, brilliant Another high end and lustrous GEM example and this one is luster beams all over with a touch of flashy reflection. The design bested by just a handful of coins graded at PCGS. Well struck and elements are sharply struck up and the surfaces are smooth and beautifully preserved, this 1890 Morgan has a bold, brilliant mint virtually untoned. The eye appeal is bold. frost and radiating cartwheel luster. A few traces of contact limit the grade, but do not have any effect on the outstanding eye appeal. PCGS 747, NGC 329, CAC 86. Clearly this low mintage date does not come nice, even in high grade. There is a wide range of APRs PCGS 848, NGC 317, CAC 67. PCGS has graded 91 in MS65+ among the five examples we have sold, the most recent of which and a mere five coins graded finer. The most recent MS65+ with brought $3,643 in our January 2019 Regency Auction, well above CAC approval realized $4,465 in our September 2019 Regency the current PCGS value of $1,300. RARE any finer, this coin is a Auction and again in September 2018 we sold another for $4,230. great value play for the collector looking for a high end coin for This one will sell for a strong bid for its eye appeal and keep in their set and it will bring a premium bid. mind that a MS66 will cost about $15,000 or so! PCGS# 7194 | ESTIMATE: $1,500+ PCGS# 7196 | ESTIMATE: $3,600+ LOT 431 LOT 432 $1 1890-CC PCGS MS64 DMPL CAC $1 1890-S PCGS MS66+ CAC A true, old time DMPL 90-CC dollar! Deeply reflective mirrored A blazing ball of luster! Tied for second FINEST graded by PCGS fields beam with a highly flashy brilliance on both sides. The and a coin truly worthy of its lofty grade and CAC endorsement. devices are razor sharp and thickly frosted creating a neat, cameo Indeed everything about this GEM is VERY HIGH END! Swirling like look. A few faint lines and ticks are seen, but none impact the cartwheel luster rolls with a strong brilliance on both sides. The visual allure of this near-GEM. obverse is wonderfully frosty, while the reverse is essentially Prooflike with a flashy reflection. The devices show only the PCGS 227, NGC 114, CAC 51. We sold the most recent example slightest touch of weakness above Liberty’s ear, though all other for $3,760 in our May 2019 Regency Auction, and prior to that, details are full and crisply defined. A scattered line or tick do not we sold one for $3,630 in July 2018, both well above the current detract, and account for the assigned GEM grade. The cheek is Collectors Universe value of $3,250. RARE any finer, this coin is clean and smooth, a delight for even the pickiest of specialists. the finest most collectors can hope to acquire. Very pleasing and housed in an old holder. PCGS 284, NGC 58, CAC 103. PCGS has graded 56 in MS66+. With just 8 coins graded finer, we think there is duplication in the PCGS# 97199 | ESTIMATE: $3,200+ Population Report. The most recent example we have sold brought a very strong $6,169 in our May 2019 Regency Auction and the current PCGS Price Guide value is listed at $5,200 and keep in mind that the value is listed at $20,000 in slightly finer MS67, this coin presents a great value and opportunity for the collector. PCGS# 7202 | ESTIMATE: $4,600+ 179

THE CULLEN B. COLLECTION LOT 433 $1 1891-CC VAM 3. SPITTING EAGLE. PCGS MS65+ CAC The Spitting Eagle is a popular, yet “common” variety, with a die chip just under the Eagle’s beak. Based on casual observations of 91-CC dollars, about half of them are VAM-3. The present GEM is gorgeously toned and beautifully preserved. Shades of teal, sky-blue, soft tangerine, and apricot-rose hues are amplified by a strong, booming luster. Clearly this exceptional coin sat undisturbed in an old bank wrapped roll. Microscopic traces of contact can be found under the toning with the aid of a strong glass. The eye appeal is amazing. PCGS 826, NGC 129, CAC 77. PCGS certified four Spitting Eagles in MS65+ and just four finer. The current PCGS Price Guide value is listed at $7,500 and the most recent one to sell realized $5,520. Keep in mind that a slightly finer MS66 would cost $20,000+, if you can find one. The Sunnywood-Simpson Collection had two toned 1891-CCs a 64+ non-CAC that sold for $7,344 in our May 2017 Regency Auction and the other was a 65 CAC that sold for $5,288 in our October 2014 Regency Auction. This marvelous GEM should bring around the average of those two. We anticipate strong bidding as this date rarely comes nicely toned. PCGS# 7206| ESTIMATE: $5,000+ LOT 434 LOT 435 $1 1891-S PCGS MS65 CAC $1 1892 PCGS MS64+ CAC A lovely, original GEM with strong luster, a bold strike, and Thick, frosty luster blooms with a pearly texture. Nearly GEM pleasing, clean surfaces. Scarce in this grade, and rare finer. quality surfaces, there are just a tiny frost break or two that keep it from grading MS65. The strike is bold and the eye appeal is nice. PCGS 555, NGC 223, CAC 88. The current PCGS value is listed at $1,200 and the average of the last 10 pieces sold in auction PCGS 1772, NGC 857, CAC 200. PCGS has graded 94 in MS64+. brought $1,273. Bound for a nice collection of Gem Morgan The current PCGS Price Guide value is listed at $1,250 and the dollars. last 10 APRs for PCGS/CAC coins is $1,272. Scarce in higher grades, this is a great price point and grade for most collectors. PCGS# 7210 | ESTIMATE: $1,000+ PCGS# 7212 | ESTIMATE: $1,000+ 180

THE CULLEN B. COLLECTION LOT 436 LOT 437 $1 1892-CC PCGS MS64 CAC $1 1892-O PCGS MS64+ CAC A very high end example for the grade with a vibrant In the old days, this coin would have been called GEM BRILLIANT semi-Prooflike reflection in the lustrous fields. Depending on the UNCIRCULATED. A frosty, satiny borderline GEM. Well struck and angle, the frosty and well struck devices display a Cameo-like very clean for the date and grade, which usually comes choppy contrast. A pale ring of clear gold clings to the obverse rim, adding and with a pancake strike. to the excellent eye appeal. Very high end and pleasing for the assigned grade, this second to last Carson City mint issue is very PCGS 2480, NGC 1491, CAC 283. PCGS has graded 184 scarce finer. examples in MS64+ and the date becomes very scarce finer. We sold one in January 2019 for $1,939 and the most recent, which PCGS 1734, NGC 945, CAC 237. The current PCGS Price Guide was in May 2019, brought $1,560. The current PCGS value is value is listed at $2,750 and the most recent sold in the 2019 listed at $1,250. The value jumps to $3,250 in MS65. We know ANA auction fro $3,360. Our consignor paid $3,400 for this one. this coin will see very strong bidding when it comes across the Scarce any finer, this has a great eye appeal that will delight any auction block! collector. PCGS# 7216 | ESTIMATE: $1,000+ PCGS# 7214 | ESTIMATE: $2,800+ LOT 438 LOT 439 $1 1892-S PCGS AU53 CAC $1 1893 PCGS MS64+ CAC Totally original, dove and gold hued surfaces show off quite a bit A wonderful example of this semi-key date that is just on the cusp of retained luster that gives this lightly worn condition rarity a of an even higher grade, with a brilliant luster and bold strike that great, original look. Scarce in all grades above AU50, and a major have claims to GEM quality. Smooth surfaces show only the most rarity in any Mint State grade, this lovely AU53 is worthy of a minute traces of insignificant contact, none of which detract from premium bid. the high end quality surfaces. A touch of the softest of golden tones can be seen toward the upper obverse periphery, attesting to PCGS 360, NGC 331, CAC 28. The most recent example sold for the outstanding originality and adding to the eye appeal. About as $1,560 in the 2019 ANA auction and they have sold for as much close to GEM as you can get! as $3,055. The current PCGS value is $2,000. Very popular among collectors, this pleasing and totally original coin will delight any PCGS 1407, NGC 674, CAC 146. There are 85 graded MS64+ at budget minded collector. PCGS and the most recent CAC-approved example sold for $3,055 in our May 2019 Regency Auction and prior to that, one sold for PCGS# 7218 | ESTIMATE: $1,500+ $3,408 in our March 2019 auction. While the current Collectors Universe value is listed at $2,850. This one, with its outstanding and high end for the grade visual appeal will see strong bidding. PCGS# 7220 | ESTIMATE: $2,700+ 181

THE CULLEN B. COLLECTION LOT 440 LOT 441 $1 1893-S PCGS VF25 CAC $1 1894-S PCGS MS65 CAC Aside from the 1895 Proof Only issue, the 1893-S is the lowest A lovely GEM example of this semi-KEY scarce date Morgan mintage and rarest date in an absolute series. Only 100,000 were dollar. Generally smooth and clean surfaces show off a bold, struck, most saw extensive circulation and many have serious radiant mint bloom that rolls all over. The reverse is particularly problems. Pleasing silver gray and hints of gold. Honest, moderate bold and has some semi-reflective tendencies. The devices are wear from extensive circulation during and after the financial frosty and crisply struck. There are a few, tiny ticks, which account Panic of 1893 is smooth and problem free. for the assigned MS65 grade. The technical and visual quality is quite high end! PCGS 411, NGC 159, CAC 32. The most recent PCGS/CAC example brought $5,775 in our December 2018 Final Premier PCGS 172, NGC 38, CAC 37. The current PCGS Price Guide value Session Internet Auction and the current Collectors Universe value is listed at $5,750 and the most recent PCGS/CAC MS65 to sell in is $5,250. The perfect “collector grade” example of this KEY date auction realized $5,523 in our June 2019 Regency Auction. With just rarity and worthy of a wonderful collection. about 3 dozen graded finer, this is an optimal grade for the collector, as a 66 will cost into the five figures and out of budget range for PCGS# 7226 | ESTIMATE: $4,500+ many collectors. What a great opportunity for the collector. PCGS# 7232 | ESTIMATE: $4,600+ LOT 442 LOT 443 $1 1896-O PCGS MS62 CAC $1 1896-S PCGS MS64+ CAC Really CHOICE! What a pleasing example of this major condition A borderline GEM that boasts a very strong, rolling cartwheel rarity. Satiny mint frost glows with a pearly-gold silver sheen that luster on both sides. Just some minor contact away from a full is highly original and very pleasing quality. Very well struck for MS65 grade (no guarantees that it will upgrade, but we have seen the date, which usually comes flat in the centers; this one has just 65s that have more contact). A delicate dusting of gold can be some minor weakness above the ear. No singularly distracting seen on the obverse. The devices are sharply impressed and the marks can be found anywhere, just a few minor scuffs from bag eye appeal is quite handsome. storage all those years ago. Nothing serious nor anything that would preclude CAC approval. PCGS 553, NGC 202, CAC 76. There are 554 in MS64+ and the most recent example to sell in auction realized $4,560 in PCGS 654, NGC 417, CAC 36. Clearly there is duplication at this September 2019. We sold one in our January Regency Auction grade level at the services, and they are usually so bad, precious for $7,638. This lovely coin should bring a bid around the current few can garner CAC approval. The last PCGS/CAC example brought PCGS Price Guide value of $5,500 in our estimation. Good luck. $2,880 in November 2018 and that was the first one sold since 2016. Keep in mind that a PCGS/CAC MS63 will cost close to $10,000. This PCGS# 7244 | ESTIMATE: $4,500+ borderline CHOICE example will delight any Morgan collector. PCGS# 7242 | ESTIMATE: $2,400+ 182

THE CULLEN B. COLLECTION LOT 444 LOT 445 $1 1897 PCGS MS66+ CAC $1 1898-O PCGS MS67 CAC A pleasing frosty, lustrous GEM! Exceptionally brilliant with a A frosty, satiny SUPERB GEM 98-O. Mostly untoned with just a strong silver white color and clean surfaces throughout. couple of splashes of gold at the rims. Rolling cartwheel luster glows on both sides, accenting generally clean surfaces and nicely PCGS 626, NGC 171, CAC 158. There have been two that have struck devices. The eye appeal is very nice and deserving of the sold recently, bringing $2,040 and $1,920 in June and August lofty grade and CAC approval. 2019 respectively. This borderline SUPERB coin should bring in that range as well. Good luck! PCGS 309, NGC 184, CAC 127. The most recent example sold in June 2019 for $1,620 and prior to that another sold for $1,920. PCGS# 7246 | ESTIMATE: $1,700+ The current PCGS value is listed at $1,500. RARE finer, just 31 MS67+s have been graded higher at PCGS as finest. PCGS# 7254 | ESTIMATE: $1,400+ LOT 446 LOT 447 $1 1899 PCGS MS66+ CAC $1 1899-S PCGS MS66 CAC The 1899 Philadelphia mint Morgan dollar is a very interesting Brilliant GEM with a strong pearlescent sheen across both sides. date. While it was a low mintage issue, (only 330,000 were High quality and very eye appealing, the classic design elements struck), it can be found in Mint State grades and is not prohibitive are nicely rendered by an exacting strike from the dies. A few tiny for collectors, even in GEM. However in this lofty grade, it is quite ticks, mostly confined to the reverse, account for the assigned scarce. The eye appeal of this MS66+ is excellent. Bold, brilliant, grade. Very pleasing to the eye and VERY RARE any finer. billowing silver mint luster blooms all over on both sides of this borderline SUPERB GEM. A tiny tick or two is all that keeps this PCGS 130, NGC 27, CAC 34. There are 29 finer, mostly in MS66+. sharply struck coin from an even higher grade. The most recent PCGS/CAC coin to sell in auction brought $2,860 in our June 2018 Premier Session. That was the first time in over PCGS 389, NGC 78, CAC 98. There are 60 graded MS66+ and just two years that one had sold, so clearly these do not appear very 27 graded higher. The most recent PCGS MS66+ CAC sold in our frequently. The current Collectors value is $3,100 and that level January 2019 Regency Auction for $3,290 and the current PCGS jumps to $5,500 in 66+ and $32,500 in 67. Take advantage of this Price Guide value is listed at $3,250. Just a handful of CAC coins opportunity to add a premium GEM to your set. exist with a higher grade, only one of which has sold in auction, a PCGS MS67+ (the finest known) from our sale of the Coronet PCGS# 7262 | ESTIMATE: $2,600+ Collection. Since this is one of the FINEST graded with CAC approval, we know this coin will see very strong bidding indeed. PCGS# 7258 | ESTIMATE: $3,000+ 183

THE CULLEN B. COLLECTION LOT 448 LOT 449 $1 1900 VAM 16A. PCGS MS66+ CAC $1 1900-O/CC PCGS MS66 CAC This is the FINEST certified of this HOT 50 variety. Satiny lustrous A very popular Morgan dollar variety and this very impressive surfaces have a vivid warmth that accents both sides. The olive on GEM ranks high up on the PCGS Population Report. Created when the branch is doubled, thus the name “Two Olive Reverse.” a leftover Carson City reverse die was pressed into service by punching the New Orleans “O” over the obsolete CC mintmark. Unique so fine, this is a prize for the advanced VAM specialist. For While available in grades up to and including MS66, they become a regular MS66+, the Collectors Universe value is $1,000 and the VERY RARE any finer. The lustrous 66 offered here is well worthy most recent CAC approved examples sold for close to or above of its CAC endorsement. Bold cartwheels swirl over glossy-satiny that level. The demand for a Top 50 variety will certainly vault it to silver surfaces that glitter and glint from under a frame of attractive a higher bid level. slate and amber tone at the periphery. High end for the assigned grade, this lovely and totally original GEM is PQ defined! PCGS# 134025 | ESTIMATE: $1,000+ PCGS 132, NGC 9, CAC 50. There has been a wide range of auction results in the last five years, from $4,465 to $13,750. The only PCGS MS66 CAC example we have sold brought $4,818 in our May 2018 Regency Auction. This lovely toned GEM is worthy of strong bidding and it would not be a surprise if it sold in excess of the current PCGS value of $4,600. Keep in mind that a 66+ with CAC would bring in the $10,000 range. PCGS# 7268 | ESTIMATE: $4,500+ LOT 450 $1 1901-O PCGS MS66+ CAC Frosty and lustrous with a bold, brilliant satiny sheen. Pearly silver LOT 451 with some light iridescence. Swirling cartwheels come to life in $1 1901-S PCGS MS64+ CAC the light. A few stray traces of contact can be seen, which is all that keeps this high end GEM from a 67 grade and a five figure First off, we think all that keeps this beauty from a full MS65 GEM price tag. grade is a small reeding mark on Liberty’s cheek. Brilliant lustrous surfaces radiate with a bold rolling cartwheel effect. The devices PCGS 629, NGC 518, CAC 167. PCGS has graded just 59 in are well struck with a wonderful crispness. A few minor ticks are MS66+ and there are just TEN finer. In MS66+ the current PCGS seen with a glass. Both sides are framed by a rich orange-gold and Price Guide value is listed at $3,250 and we sold one of the most navy blue peripheral tone. For the more modest grade assigned, recent examples for $3,173 in our May 2019 Regency Auction. the eye appeal is exceptional! Two sold in June, with a similar looking example bringing $3,120. Keep in mind that in MS67 the current PCGS Price Guide value is PCGS 1107, NGC 614, CAC 117. PCGS has graded 49 in MS64+ $22,500 and the only CAC-approved example sold back in FUN and the last two sold for $1,438 and $1,440 back in 2018 and the 2011 for $37,375! What a great coin for any Registry collector current PCGS value is listed at $1,500. A very pretty example for who demands CAC approval and does not want to spend $30,000! the more budget minded collector. PCGS# 7274 | ESTIMATE: $2,600+ PCGS# 7276 | ESTIMATE: $1,200+ 184

THE CULLEN B. COLLECTION LOT 452 LOT 453 $1 1902 PCGS MS66+ CAC $1 1902-O PCGS MS66+ CAC Despite a large mintage of or nearly 8 million, the 1902 Highly lustrous, satiny surfaces glow in the fields and across the Philadelphia mint Morgan dollar is very challenging in GEM Mint generally well struck devices on both sides. A narrow band of State grades, especially in MS66+ and finer grades. Sharply struck original toning frames both sides, attesting to the originality. and satiny, this totally original borderline SUPERB GEM example is a bargain compared to the next half step up in MS67. PCGS 932, NGC 676, CAC 306. There are 146 currently graded MS66+ at PCGS, and the grade is listed at $1,200 in their Price PCGS 744, NGC 193, CAC 172. PCGS has graded 73 in MS66+. Guide. VERY RARE any finer, this coin easily becomes a five figure The most recent example sold in our May 2019 Regency Auction coin in PCGS MS67 CAC. Worthy of a premium bid! for $1,058 and the current PCGS value is listed at $1,300. RARE finer, this is the ideal grade for most collectors seeking a high PCGS# 7280 | ESTIMATE: $1,000+ grade example with CAC approval. PCGS# 7278 | ESTIMATE: $1,000+ LOT 455 $1 1903-O PCGS MS67 CAC LOT 454 The presently offered SUPERB GEM is very appealing! A strong $1 1903 PCGS MS66+ CAC cartwheel luster rolls along the exceptionally smooth and seductive surfaces. Ms. Liberty and the details offer nicely struck A glossy satin luster glows with a vibrant brilliance on both sides and well defined devices. A pale silver-white iridescent tone of this totally original GEM. A bold strike is framed by a delicate, attests to its unmolested originality. mottled amber-russet tone. The eye appeal is quite nice. The oft-told story about this coin’s former rarity shows how things PCGS 1270, NGC 544, CAC 325. PCGS has graded 118 in MS66+ in the market can change instantaneously if a hoard is found. and the most recent example to sell realized $1,146 in our May The 03-O was one of the rarest dates in Mint State in the Morgan 2019 Regency Auction. The current PCGS value is $1,000 and it series, that was until the Treasury found a hoard of original bags jumps to $3,000 in MS67. in a vault, and released them into circulation in the early 1960s. Luckily today for collectors, it is a generally available date in most PCGS# 7284 | ESTIMATE: $1,000+ Mint State grades that has a neat historical story. PCGS 109, NGC 53, CAC 32. The most recent example we sold in auction realized $8,225 in our June 2019 Regency Auction. Indeed, all PCGS/CAC coins we have sold going back to 2015 have brought between $7,050 and $8,519, well in excess of other auction firms’ results, a record we are quite proud of! With just three finer, all MS67+ and none seen in auction, this is one of the highest grade examples you can hope to add to your set. Good luck! PCGS# 7286 | ESTIMATE: $4,500+ 185

THE CULLEN B. COLLECTION LOT 456 LOT 457 $1 1921 MORGAN. PCGS MS66+ CAC $1 1921-D MORGAN. VAM 1A. PCGS MS65 CAC This is the PFM Collection coin we sold in May 2018, where it Among the FINEST graded of this Top 100 listed variety. The was described as: reverse die is missing the S in TRUST, making for an interesting coin from this only Denver mint issue. Semi reflective, intensely “After a 17 year hiatus of striking silver dollars, after the lustrous fields boom with exceptionally high end brilliance. Nicely widespread melting of silver dollars under the Pittman Act, the struck for the date. There are some minor ticks that we note for Mint began striking dollars again. By the time 1921 rolled around, accuracy, but the eye appeal is exceptional for the assigned grade. new hubs had to be created, slightly different in the depth of the details than on the 1878-1904. While nearly 45 million dollars PCGS 6, NGC 2, CAC 264 (for all varieties). PCGS has graded just were struck in Philadelphia, and it is the MOST common issue, in a single MS65+ finer. The only MS65 to sell in auction realized high end GEM grades as here it is VERY RARE. Shimmering satin $2,160 in September 2017. Worthy of a strong bid from the brilliance dances on the extremely high end surfaces. Mark free specialist, we know this high end, PQ GEM will bring a strong bid. and displaying on the lightest iridescent pearly-sliver gold. The Unpriced in Collectors Universe. devices are sharp and completely rendered. What a beautiful, HIGH END GEM!” PCGS# 7298 | ESTIMATE: $1,200+ PCGS 916, NGC 679, CAC 297. PCGS has graded 139 in MS66+, OUR ESTIMATES and this one brought $1,528 in the our May 2018 Regency The estimates you see published in this catalog Auction. The most recent two examples $1,500 and $1,440 in are based on HAMMER. Keep in mind that a coin September 2019 and April 2019. Any MS67 is a five-figure coin, could be either low or high end for the grade, making this a great value play. PCGS# 7296 | ESTIMATE: $1,200+ have stunning color or be dull, all of which radically affect a coin’s value. Yes, there can be LOT 458 huge price differences within a grade, and we $1 1921-S PCGS MS65+ CAC offer estimates as a guide so Collector’s can have A frosty GEM with a wonderful, pearly silver luster that glows all a better idea of value. One thing we will never over. Nicely struck up for the date with smooth, pleasing surfaces. do is offer low ball estimates in order to claim PCGS 1415, NGC 774, CAC 60. PCGS has graded 99 in MS65+. Surprisingly RARE finer. The most recent PCGS/CAC examples stronger sales. have brought just shy of $1,000 in auction, and the current PCGS These published estimates represent what value is listed at $1,450. A nice coin to end this set with. Legend Rare Coin Auctions determines to be an PCGS# 7300 | ESTIMATE: $1,000+ 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! 186

LOT 459 LOT 460 $1 1879-O PCGS MS65 $1 1880-CC PCGS MS66+ CAC The 79-O Morgan dollar is a conditionally scarce date in GEM. Blazing white, untoned silver luster shines with SUPERB satiny The presently offered PCGS MS65 is fully struck with highly fields and frosted devices. Simply put, this coin gleams! Close lustrous surfaces. While the obverse is fully brilliant silver-white, examination reveals a few tiny ticks here and there, but none are the reverse has a tinge of light golden tone. The surfaces are nice singularly distracting. and clean, we are not sure why CAC did not bean this coin, it is very pleasing for the grade. PCGS 1046, NGC 501, CAC 202. There are 134 graded MS66+ at PCGS and just 37 graded finer. The most recent example to sell in PCGS 480, NGC 142. The most recent example sold for $3,840 auction brought $3,600 in July 2019 and we sold one for $3,760 in the 2019 ANA auction, and the average APR of non-CAC in our January 2019 Regency Auction. Collectors Universe lists a PCGS-graded coins is $2,310 with a Collectors Universe value of value of $3,250 and that jumps to $22,500 in MS67. Worthy of a $2,500. Rare finer, worthy of a strong bid. great Morgan dollar set. PCGS# 7090 | ESTIMATE: $1,800+ PCGS# 9019 | ESTIMATE: $3,000+ LOT 461 $1 1880-CC 8/LOW 7. PCGS MS66+ CAC What a wonderful example of this popular variety. The devices are sharply struck and thickly frosted with a bright white frost. The fields are exceptionally lustrous, bold and brilliant with a very high end quality. The fields and reliefs are clean and mostly devoid of any serious trace of contact on either side. The eye appeal is very high end and this is tied for second finest graded with just a single MS67 finer. PCGS 90, NGC 18, CAC 28. There are 13 graded MS66+ and a single MS67 is finer. The last 66+ CAC sold for $9,694 in our June 2019 Regency Auction and the current Collectors Universe value is listed at $8,500. The single MS67 (not CAC) sold for $26,400 in the 2019 ANA auction. This one seems like a great value by comparison. Good luck! PCGS# 7104| ESTIMATE: $8,000+ 187

LOT 462 $1 1880-O VAM-6A. 8/7 EAR. PCGS MS64+ CAC Among the very FINEST of this Top 100 VAM. Bold and brilliant luster swirls around this impressive GEM. Remnants of the underlying 7 peeks above the top left portion of the second 8 in 1880 giving the nickname “ear.” Nicely struck for the date with good frosty luster that blooms all over. A tiny tick or two are all that keep this coin from an MS65 grade. PCGS has graded just 4 of this VAM variety in MS64+ and the only one to sell realized $5,040 in June 2018. The current Collectors Universe value is listed at $4,250 and keep in mind it is listed at $16,000 in MS65! Bid accordingly! PCGS# 41289 | ESTIMATE: $3,800+ LOT 463 $1 1880-S PCGS MS68 CAC WHOA! This is an amazing MS68 1880-S dollar. It is very high end, we do not know why it is not graded MS68+. While we make no guarantees, it certainly looks like it has a shot. Bold, intense cartwheel luster rolls brilliantly on both sides. The devices are razor sharp and thickly frosted. The eye appeal is exceptional and this is an exemplary and SUPERB example of the date and grade. PCGS 243, NGC 296, CAC 185. The most recent example we sold in auction brought $4,700 and the current PCGS Price Guide value is $5,200; the current CDN CAC bid/ask is $4,800/$6,000. Remember that there are only 33 graded in MS68+ and those are solidly five figure coins. This is a great coin worthy of a great Morgan set. We know a coin like this will excite very strong bidding. PCGS# 7118 | ESTIMATE: $4,500+ LOT 464 $1 1881 PCGS MS66+ CAC Sharply struck and very lustrous, this Premium Quality, borderline SUPERB GEM is among the finest graded by PCGS. Brilliant, satiny mint frost shines on both sides, the devices are well struck and pleasing with a subtle golden halo at the rims. PCGS 267, NGC 58, CAC 39. There are 41 in MS66+. This one sold for $4,348 in our December 2017 Regency Auction on an estimate of $3,200-$3,500. The most recent brought $4,560 in September 2019 and there are just a half dozen finer, of which only one is CAC, making this one of the FINEST CAC approved examples for your set. PCGS# 7124 | ESTIMATE: $3,500+ 188

LOT 465 $1 1881-CC PCGS MS67+ CAC Among the finest graded 81-CCs that PCGS has seen (just five are graded MS68) this is about a high a grade as you can ever hope to add to your set. While a lower mintage date, with just 296,000 struck, many survive in Mint State, up to MS66 level, thanks to the release of government stored bags in the early 1970s. This blast white, frosty, exceptionally lustrous SUPERB GEM clearly did not get all banged up in mint bag storage, and today looks as fresh, clean, and vibrant as the day it came off the dies. A satiny bloom glows in the fields and the sharply struck have a thick, white frost. Clean surfaces are essentially without flaw and the eye appeal is amazing. PCGS 270, NGC 149, CAC 65. PCGS has graded 21 in 67+ and just five graded higher. One sold in September 2019, realizing 25,200 and prior to that, we sold one for $28,200 in our May 2019 Regency Auction. The current Collectors Universe value is listed at $27,500 and keep in mind that a 68 will cost over $60,000. We anticipate strong bidding for this SUPERB GEM 81-CC, remember, just five are finer and good luck finding one! PCGS# 7126 | ESTIMATE: $20,000+ 189

LOT 466 $1 1881-O NGC MS66 An incredibly lustrous GEM example of this conditionally rare date. Tied for FINEST graded at NGC, this blast white silver beauty looks like it just came off the dies. Sharply struck with an intense, semi-reflective cartwheel luster. The devices are nice and thickly frosted with a very clean cheek. The eye appeal is exceptional, and we have looked the coin over and over looking for something that would preclude CAC-approval, and have come up short; we really do not understand why it did not bean! PCGS 43, NGC 9. There are NONE FINER at NGC. The most recent example to sell brought $6,600 in the 2018 FUN auction. Prior to that, one sold in April 2014 for $7,638. The current Collectors Universe value is listed at $7,500. If you are working on a high grade Morgan dollar collection, be sure to bid on this magnificent GEM. PCGS# 7128 | ESTIMATE: $5,500+ LOT 467 $1 1881-S PCGS MS67 CAC Bold, intense cartwheel luster rolls smoothly across the surfaces of both sides. Both the obverse and reverse display a totally original blend of apricot and Caribbean blue, though the reverse has a much more vivid blend, which we rate an 8+ on our 10-point scale. If the reverse color was on the obverse, this SUPERB GEM would bring about $2,000 or so. Regardless, this coin is worthy of a strong bid, as its eye appeal is high end. PCGS# 7130 | ESTIMATE: $1,000+ LOT 468 $1 1882-CC PCGS MS67+ CAC WOW! What an amazing SUPERB GEM 82-CC! Did we say WOW? How about an OMG?! What a great coin, that is among the FINEST GRADED. Exceptional quality everything. Really this is an ideal Carson City dollar. Frosty mint luster glows on both sides. The smoothness of the fields and the sharpness of the devices are very high end. Wonderful original toning caresses both sides, shades of golden-peach, with traces of pale blue and olive-tan. The devices are sharply struck, with just a touch of the most minute softness on the hair curls above Liberty’s ear. PCGS 109, NGC 60, CAC 27. PCGS has graded just 8 in MS67+ with just a single coin graded higher, which has not sold in auction since January 2004! The most recent PCGS/CAC MS67+ CAC sold in September 2019 for $31,200. The current PCGS Price Guide value is listed at $20,000. We know this one will bring a very strong bid when it crosses the block, and will be placed into a WORLD CLASS Morgan dollar collection. If you are looking to upgrade your set, bid on this colorful, high end SUPERB GEM that borders on sheer perfection! PCGS# 87134 | ESTIMATE: $16,000+ 190

LOT 469 LOT 470 $1 1882-CC PCGS MS65 DMPL CAC $1 1882-CC PCGS MS66 DMPL A true GEM in EVERY respect! Housed in an older blue tag holder. Wow! This is such a high end DMPL 82-CC! Even though, for some reason CAC did not bean this GEM, we absolutely adore the Full deep 8” mirrors beam boldly from all over. The mirrors are excellent, beaming mirrors and thickly frosted devices that have incredibly clean(just a few trivial ticks can be found), sleek, crystal great contrast. Untoned and remarkably clean, this GEM has a clear, and have a very strong reflection. This coin is completely great look. untoned and has bold contrast. We assure you, this coin has not been dipped or messed with. Miss Liberty and the details are fully PCGS 84, NGC 3, CAC 9. The current PCGS Price Guide value is struck and have really thick frost. The eye appeal is great! listed at $4,250 and these have been selling in the $3,400-$3,800 range without CAC approval. This HIGH END example should PCGS 400, NGC 135, CAC 48. The last PCGS CAC piece to sell in bring more. Keep in mind that we sold a PCGS 66+ DMPL CAC auction brought $2,350 in February 2017. A NON CAC piece sold for nearly $19,000 in May 2019. This GEM belongs in a great for $2,080 in January 2019. As you all know we have been totally collection of DMPL Morgans, good luck! dry of all GEM DMPL’s for the past 1-2 years. Don’t pass up nice pieces like this when they are offered! PCGS# 97135 | ESTIMATE: $3,200+ PCGS# 97135 | ESTIMATE: $1,750+ LOT 471 $1 1882-S PCGS MS68 CAC This is a wonderful SUPERB GEM 1882-S. Remarkable surfaces are as pristine as pristine can be. How often do you see any Morgans with virtually NO ticks anywhere? A full booming cartwheel luster vividly beams from all over. Both sides are a gorgeous original frosty white color. We have no reason to believe this coin has ever been dipped. Miss Liberty and the details are moderately frosted and have clear, crisp full strikes. The eye appeal is phenomenal! PCGS 68, NGC 124, CAC 66. The most recent example that sold in auction realized $6,900 in September 2019 and we sold one for nearly $10,000 in our sale of the RanJack Collection in July 2018. The current Collectors Universe value is $6,000 and keep in mind that only ten have graded finer, only one of which has ever sold in auction, bringing $27,025 in our May 2019 Regency Auction. This is an exceptional coin, bid accordingly. PCGS# 7140| ESTIMATE: $5,500+ 191

LOT 472 $1 1883-CC PCGS MS67+ CAC WOW! Look at this satiny, virtually perfect 83-CC. With just a half a dozen finer, this SUPERB GEM is tied for second HIGHEST graded at PCGS, and it has a great eye appeal. Glowing, satiny mint luster blooms all over with lovely rolling cartwheels that accent the soft gold and blue dappled peripheral tone. The surfaces are ultra clean and the devices are very nicely frosted, and there is just a touch of striking weakness in the central obverse devices. The eye appeal is excellent and you will not be disappointed, even if you are the pickiest of Morgan dollar aficionados. PCGS 284, NGC 140, CAC 90. There are 24 graded in MS67+ at PCGS and just a half dozen graded finer. The most recent example to sell in auction realized $16,800 in September 2019, and the current PCGS Price Guide value is listed at $12,500. With the CAC Price Guide value for a 68 with CAC approval at $85,000/$102,800 and a Collectors Universe value of $75,000, this impressive SUPERB GEM is a great value and will fit into any great Morgan dollar set. Good luck! PCGS# 7144 | ESTIMATE: $11,000+ LOT 473 LOT 474 $1 1883-S PCGS MS64 CAC $1 1884-O PCGS MS67 This is quite the high end MS64 83-S! Brilliant and billowing An exceptionally lustrous and sharply struck 84-O. A date that is cartwheel luster rolls across both sides of this impressive notoriously weak in strike and usually has a frosty/satin sheen. near-GEM. Flashy, somewhat reflective mint bloom glows This lovely MS67 has a great look with a bold, cartwheel luster. throughout the untoned and brilliant silver surfaces, which are Generally clean, with only a couple of very minor traces of devoid of any singularly distracting marks or scuffs. Ms. Liberty contact are noted with a strong glass and are unobtrusive to the and the eagle are both very nicely struck and frosty and her cheek outstanding eye appeal. is remarkably clean. Overshadowed by the 84-S, the 83-S is also an important condition rarity in the Morgan Dollar series, rarely PCGS 164, NGC 121. Extremely rare any finer, with just 14 graded found finer than the present MS64 grade, making this a great coin higher. Collectors Universe value is listed at $2,250 and non-CAC for collectors to add to their sets. coins have been bringing on average about $1,850, this one is well above average and we cannot see why CAC didn’t endorse it. PCGS 460, NGC 240, CAC 97. The average APR for PCGS/CAC With CAC coins selling for $3,000+ this one is a good value. MS64s going back to August 2016 is $4,845 and the current PCGS value is $4,850. This high end example is worthy of a very strong bid. PCGS# 7154 | ESTIMATE: $2,500+ PCGS# 7148 | ESTIMATE: $4,000+ 192

LOT 475 $1 1884-O PCGS MS66 DMPL CAC This is an exceptional GEM DMPL 84-O dollar. For the date, this coin has dramatically reflective, deep, flashy mirrors that beam a full 8” on both sides. They are ultra clear and sleek and contrast against the thickly frosted, crisply struck devices. A trace of minor contact does not detract from the outstanding DMPL eye appeal. PCGS 64, NGC 10, CAC 15. The most recent example sold in October 2018 for $5,640. Because of so many non-CAC examples bringing lower prices, the Collectors Universe value of $3,750 does not reflect the average APR for CAC-approved coins (nearly $4,700). Just seven coins have ever graded higher, including a 66+ we sold for $9,106 in May 2018 and a 67 in May 2019 that brought $21,738. This high end, PQ GEM is worthy of a strong bid from the advanced collector. PCGS# 97155 | ESTIMATE: $4,200+ LOT 476 $1 1884-O PCGS MS66+ DMPL Super reflective, deep beaming mirrored fields flash with at least 8 inches of depth. The sharply struck devices are snow-white and thickly frosty on both sides. There are a few tiny ticks on the cheek and in the fields which may be why CAC did not bean this wonderful DMPL GEM. The eye appeal is excellent. PCGS 5, NGC 3. The current PCGS Price Guide value is listed at $11,500. Just two are graded numerically higher, a 67 that we sold in May 2019 for $21,738 and a 68 DMPL that has not been seen in nearly 15 years. This is an outstanding opportunity for the advanced Morgan dollar collector. This coin will see very strong bidding when it crosses the block. PCGS# 97155 | ESTIMATE: $8,000+ LOT 477 $1 1884-S PCGS MS61 Here is a brilliant, truly Mint State example of this KEY conditionally RARE issue. Nicely impressed design elements are frosty and show no signs of wear or circulation. The surfaces are moderately abraded which accounts for the assigned grade, but there are no singularly distracting marks. A radiating cartwheel luster blooms on both sides, accenting a light dusting of the clearest gold patina. While not CAC approved, this pleasing coin will certainly fit in nicely to any Mint State collection. PCGS 113, NGC 201. The average APR for the last 10 PCGS-graded examples, realized $11,075 and the current PCGS Price Guide value is listed at $14,500. This is among the toughest dates in Mint State, this could be your coin if you are still looking an 84-S, bid on this one. PCGS# 7156 | ESTIMATE: $10,000+ 193

LOT 478 LOT 479 $1 1885 PCGS MS67+ CAC $1 1885 PCGS MS66+ DMPL CAC With just four coins graded higher, this beautiful, SUPERB GEM WOW! This is an ultra reflective borderline SUPERB DMPL dollar! 1885 Morgan ranks among the absolute FINEST graded by PCGS. The quality is so impressive, and with just a single MS67 DMPL graded higher at PCGS, this is a real prize for the collector who Intensely lustrous, blast white silver surfaces show off well struck demands high end quality! The surfaces are clean and wonderfully devices that have a very pleasing silver white frost. The fields are preserved with a distinctive deep Prooflike reflection in the bold, pristine in every way and the eye appeal is outstanding! brilliant luster. The mirrored fields have a fantastic clarity and cleanliness, even with a strong glass, we fail to find anything but the PCGS 209, NGC 314, CAC 103. There are 31 graded MS67+ with most minute break or two in the frost. The visual allure is stunning! only four coins finer. The most recent sold for $6,300 in September 2019 and we sold the RanJack Collection coin for $5,875. PCGS 112, NGC 54, CAC 33. There are just 10 graded MS66+ Collectors Universe lists a $6,000 value and this high end example DMPL at PCGS and the most recent example sold in our should bring a very strong bid for its great eye appeal. September 2019 Regency Auction for $4,348, and prior to that we sold one in our June 2019 sale for $4,465. This coin with its great PCGS# 7158 | ESTIMATE: $5,000+ look will bring a strong price and the current PCGS Price Guide value is listed at $7,300. Just a single example is graded higher, which has never been sold in auction and is not CAC, so if you are building a top ranking set with all CAC coins, this is a high a grade as you will find! We see strong bidding here. PCGS# 97159 | ESTIMATE: $4,000+ LOT 480 $1 1885-CC PCGS MS66 DMPL CAC Our sister company, Legend Numismatics has a long history with DMPL Morgans. So between them and us, we know what a killer DMPL should look like, and this coin blows away many of the other MS66 DMPL’s (including the one just sold at an ANA auction). The quality is VERY HIGH END! Intense mirrors are at least 8”+++ and beam boldly from all over. Just a few very tiny scattered ticks can be seen. When you twirl this coin the mirrors look like a freshly made sheet of glass. You can even brush your teeth using these mirrors! A light band of pale russet frames some of the rims on both sides. Overall this coin’s a full black and white bold contrasted piece. Miss Liberty and the details are fully struck and of course have thick frost. The eye appeal is jaw dropping! PCGS 47 , NGC 20, CAC 17. To us it really does not matter what other 1885-CC’s have sold for. You do NOT pay bid or buy a coin like this cheaply. The current Collectors Universe Value is coin is $12,000. We can see that being changed after this coin sells. Even if you are a very picky DMPL collector, this GEM will more then impress you! Seeing is believing! Good luck! PCGS# 97161 | ESTIMATE: $10,000+ 194

LOT 481 $1 1887 PCGS MS67+ CAC Incredible high end quality, both in terms of technical quality and eye appeal. Boldly lustrous and well struck, this essentially untoned SUPERB GEM ranks as one of the FINEST graded for the date. Though common in all grades to MS67, the 1887 is remarkably rare in MS67+ and is UNIQUE in MS68, even after 33+ years of coin grading. This coin has a bold cartwheel luster that enhances the satiny surfaces. The fields are icy smooth and the devices are nicely impressed and frosty, offering a high quality, problem free look. PCGS 207, NGC 357, CAC 77. There are 20 graded MS67+ by PCGS. We sold the most recent example for $6,463 in our May 2019 Regency Auction and prior to that, one sold for $6,600. The current PCGS value is listed at $7,500. Keep in mind that the SINGLE PCGS MS68 has not been sold since March 2009! Good luck! PCGS# 7172 | ESTIMATE: $6,000+ LOT 482 $1 1887 PCGS MS66+ DMPL CAC Our sister firm, among other areas, has always specialized in DMPL Morgans, in fact, years ago, when the late, great Jack Lee was selling his DMPL collection, he selected Legend Numismatics to handle the deal. So we all know our stuff about DMPL’s! All these years later, LRCA is proud to offer this 1887, the single FINEST DMPL graded at either service. Deeply reflective, highly polished fields have bold, clear mirrors that beam from all over. The sharply struck devices stand out dramatically with a wonderful, thick frost. While the mintage was high, with over 20 million struck, relatively few were struck from the early, polished state of the dies with this level of contrast and depth to the mirrors. There are some tiny traces of contact, nothing that affects the stunning visual allure! PCGS 42, NGC 16, CAC 5. This is the ONLY MS66+ DMPL graded at either service, and it is VERY high end. None are graded finer. The current PCGS Price Guide value is listed at $7,500. A coin that is worthy of the GREATEST collection of DMPL Morgans, and one that will likely see bidding exceed any previous records! Good luck. PCGS# 97173 | ESTIMATE: $7,500+ 195

LOT 483 $1 1889 PCGS MS66+ CAC Here is a totally original and high quality 1889 Morgan dollar. Satiny luster glows wonderfully on both sides. The pearly iridescent toning with a narrow band of iridescent teal-blue and gold along the left periphery. The reverse is evenly bathed in cobalt blue which gives this sharply struck SUPERB GEM a great look! PCGS 499, NGC 194, CAC 115. PCGS has graded 63 in MS66+ and just eight graded finer. Two examples sold in September 2019 for $2,640 and $2,411 and we sold one in May 2019 for $3,878. The current PCGS value is $3,000 and the value jumps to $23,500, making this a great choice for any collection. PCGS# 8952 | ESTIMATE: $2,500+ LOT 484 $1 1889-O PCGS MS65+ PL CAC Despite a mintage of nearly 12 million pieces, the 89-O is a rare date in GEM Mint State, especially so with any kind of Prooflike reflection. Blazingly lustrous surfaces gleam with a flashy reflective brilliance on both sides. The devices are sharply struck and nicely frosted, esepecialy the cheek, which is remarkably clean and smooth. There are no breaks in the frost and there is just the barest trace of any kind of contact anywhere to be found. This is the epitome of what a GEM PL should look like. PCGS 10, NGC 3, CAC 4. This is the only 65+ in the PL designation and there is just a single coin finer. Neither have sold in auction. The last regular MS65 PL sold in auction over a dozen years ago, making its price realized irrelevant. The current PCGS Price Guide value is listed at $9,600. A non-PL with CAC approval in MS65+ sold in September 2019 for $7,200. This PL GEM is worthy of a very strong bid. PCGS# 7193 | ESTIMATE: $8,000+ LOT 485 $1 1890-CC PCGS MS65+ CAC The 1890-CC dollar is quite rare in GEM, with fewer than 500 graded in MS65 or finer at PCGS. In MS65+, PCGS reports 51 graded, (though that likely includes multiple duplicate submissions hoping to make a 66). In MS66 PCGS the 90-CC is a major Morgan dollar rarity, with a mere 20 graded total in over 32 years of grading operations! This is a brilliant GEM! Blast white, this impressive, high end example has a thick mint frost that is amplified by a vivid rolling cartwheel luster. Sharply struck up, the devices stand out boldly against smooth surfaces. PCGS 435, NGC 78, CAC 53. PCGS has graded 51 in 65+ and 20 in 66. There have been 10 PCGS/CAC MS65+s sold in auction, the most recent bringing $9,600 in September 2019. We sold two: one in December 2017 Regency Auction for $9,400 and one in December 2016 for $9,988. The current PCGS Price Guide value is listed at $9,700 and we know this impressive coin will join their ranks. We sold a non-CAC MS66 in May 2019 for $30,550, so this CAC-approved MS65+ is an incredible value for the advanced Morgan collector, who does not want to break the bank for a marginally finer piece. PCGS# 7198 | ESTIMATE: $7,000+ 196

LOT 486 $1 1891 PCGS MS65 A wonderfully toned and totally original example of this date that rarely comes with any kind of color. Some softness is seen, as usual in the central devices, but the definition is generally bold and the surfaces clean. The olive and azure hues are brought out by a GEM luster, imparting a great look. PCGS 245, NGC 107. Extremely RARE any finer. The current PCGS Price Guide value is listed at $2,500 and with its eye appeal it could well bring more than that. Bound for a nice set of toned Morgans. PCGS# 7204 | ESTIMATE: $2,500+ LOT 487 $1 1891-CC VAM-3. SPITTING EAGLE. PCGS MS66 This is a very rare grade for the 91-CC dollar. What makes this coin even rarer is that it is wonderfully toned and totally original. The eye appeal is really cool! The VAM-3 is easily identified by a tiny die chip in the field below the eagle’s beak. Both sides are awash in blue and amber-rose toning that gives this coin a great look. Displaying the typical bluntness in the central obverse, the eye appeal of this GEM is great. PCGS 40, NGC 10. Just 8 coins are graded finer. The most recent example to sell in auction realized $16,800 in March 2019, and recently they have sold for as much as $19,200. The current PCGS Price Guide value is listed at $21,500. This coin is very rare any finer., and becomes very pricey any higher. Worthy of a very strong bid. The 91-CC is quite rare with any color and this one will attract strong bidding. PCGS# 7206 | ESTIMATE: $14,000+ LOT 488 $1 1892-CC PCGS MS65 A strong satiny mint frost is brought out by a light on both sides of this impressive GEM quality 92-CC. Virtually untoned silver surfaces show a sharp strike on both Ms. Liberty and the eagle, which both show a thick frosty texture. The eye appeal is excellent, we are not sure what CAC saw that prevented a bean. PCGS 415, NGC 167, CAC 73. The most recent PCGS-graded example brought $5,040 in the 2019 ANA auction and one sold in July 2019 for $4,811. The current PCGS Price Guide value is listed at $6,000. RARE any finer, only 97 have graded finer, and there has to be duplication in those figures, as most are MS65+. This is a pleasing GEM worthy of a great set. PCGS# 7214 | ESTIMATE: $4,200+ 197

LOT 489 $1 1893 PCGS MS65+ CAC This gorgeous GEM is from our sale of the RanJack Collection, where it was described as: “A REAL GEM! And a beautiful one at that! What a great coin, among the FINEST graded, and boasting an amazing look! Everything about this coin is HIGH END. A strong glowing luster shines with a vivid brilliance on both sides. Very well struck devices stand out against the satin smooth surfaces. A delicate dusting of pearly-gold iridescent toning graces the surfaces, which are free of any marks or ticks. As you would expect, the eye appeal is excellent.” PCGS 284, NGC 86, CAC 44. There are just 29 in MS65+ and six finer. This coin brought nearly $10,000 in our RanJack Collection sale, July 2018 and the current PCGS value is listed at $9,750. Keep in mind a 66 will cost close to $50,000 if you can find one! This high end example will fit nicely in any world class set. PCGS# 7220 | ESTIMATE: $8,000+ BOB SIMPSON, DAVID HALL, GERALD FORSYTHE AND PHIL FLANNAGAN HAVE ALL CONSIGNED TO LRCA, WHY HAVEN’T YOU? CONTACT JULIE ABRAMS, GREG COHEN OR JESSICA BERKMAN TO DISCUSS YOUR COINS! 198