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Husak Large Cents Soar Past $10.7 Million At Heritage’s $25 Million Long Beach Signature Auction

walter husak LA Husak Large Cents Soar Past $10.7 Million At Heritage’s $25 Million Long Beach Signature Auction
Dallas, TX: The auction room was jammed with hundreds of bidders before the first lot of the Large Cent Collection of Walter Husak was offered at Heritage’s Official Auction at the February 14-16, 2008 Long Beach Coin Expo. When the last of his 301 Large Cents were sold, most every record known had been shattered, with a total prices realized exceeding $10.7 million. Bidders described the prices as “astronomical,” “incredible,” “feverish,” and “stunning.” Total prices realized for the entire Long Beach auction are currently at $25,000,000. Images, descriptions, and prices realized are currently posted at Heritage’s HA.com website.

Walt Husak was equally enthusiastic: “The auction was wonderful. All the last-minute jitters disappeared with the sale of the first lot, and I was on a roller coaster going higher and higher. Heritage did a terrific job preparing. I was very surprised at the incredible prices paid for the coins I loved so – they soared above my highest expectation.”

“We expected prices for Walt’s Large Cents to be very high, ” commented Heritage President Greg Rohan, “but I think I speak for the hundreds in attendance – we were all amazed at the soaring prices! Walt’s two most valuable coins, a 1793-dated cent in nearly uncirculated condition, and a 1794-dated U.S. cent with tiny stars added to the reverse (the finest of less than 50 known), each sold for record-setting $632,500. Perhaps the explanation is ’simple’: the greatest collection of early Large Cents ever formed (including virtually every Sheldon number in the 1793 to 1814 series) was sold in a hot market to the most aggressive coin buyers in the world. Heritage realized the greatest prices ever for the greatest coins ever, with many realizing multiples of previous records. Husak spent years searching for Condition Census examples, and many of his coins were the finest known as well as having exceptional pedigrees. Quality coins realized quality prices, and the finest realized the highest.”

Dealer Tony Terranova expressed his astonishment at the prices realized: “I am stunned at these prices. Walt Husak’s coins sold for a fortune, with feverish demand from the specialists. This will force a total rewrite of the price guides.”

“Of the twenty highest prices in the entire Long Beach auction,” said Rohan, “Husak coins achieved 15 of them! We had estimated they would take about 90 minutes to auction, but the back and forth competitive bidding between the floor and online bidders stretched out to nearly three hours. For many of these collectors and dealers, this was a once-in-a-lifetime opportunity to bid on some of these historic coins.”

Walter Husak was introduced to old coins by his grandparents, and whose pay for farm chores in 1955 went to buy coins at a local Iowa shop. As his second child was about to be born, Walt converted his first collection. Two decades later, after watching numismatics from the sidelines, Walt purchased an 1804 Large Cent in June 1980, and at the Robbie Brown auction in 1986 he purchased his first Sheldon-13. After failing to buy at the Herman Halpern auction, he became even more motivated to pursue early coppers, and by the end of 1994, he had decided to collect all of the Sheldon varieties. His aerospace business, HK Aerospace, prospered after 1983, and it is through that success that he had the opportunity to buy and enjoy these coins.

Prior to the auction, experts had proclaimed that the catalog would be an instant collector’s classic, and with the record-setting performance, that is now assured. Heritage is offering a limited number of hardcover Library Editions of the catalog at $250 and $125. Call Heritage’s Client Services at 800-872-6467 for ordering details.

Highlights from the Walt Husak Collection of Early U.S. Large Cents (follow the links for incredibly detailed lot descriptions and images):

Lot 2014: 1793 1C Liberty Cap. AU55 PCGS. S-13, B-20, Low R.4. Bland AU50; tied for CC-2. Noyes AU50; tied for CC-2. Photo #20425. Our EAC Grade AU50.
Price Realized: $632,500

Lot 2050: 1794 1C Starred Reverse. AU50 PCGS. S-48, B-38, R.5. Bland XF40; CC-1. Noyes XF40; CC-1. Photo #21666. Our EAC Grade XF40.
Price Realized: $632,500

Lot 2069: 1794 1C Head of ‘95. MS67 Red and Brown PCGS. S-67, B-59, R.3. Bland MS68; CC-1. Noyes MS67; CC-1. Photo #21315. Our EAC Grade MS65.
Price Realized: $488,750

Lot 2002: 1793 Chain 1C AMERICA MS62 Brown PCGS. S-3, B-4, Low R.3. Bland AU55; tied for CC-3. Noyes AU50; CC-5. Photo #32066. Our EAC Grade AU50.
Price Realized: $253,000

Lot 2019: 1794 1C Head of ‘93. MS63 Brown PCGS. S-18b, B-2b, R.4. Bland AU55; tied for CC-4. Noyes AU55; CC-4. Photo #20098. Our EAC Grade AU55.
Price Realized: $253,000

Lot 2073: St. Oswald 1794 S-71 Cent, Head of ‘95. MS65 Red and Brown PCGS. S-71, B-63, R.2. Bland MS68; CC-1. Noyes MS67; CC-1. Photo #20519. Our EAC Grade MS65.
Price Realized: $253,000

Lot 2076: 1795 1C Lettered Edge. MS65 Red and Brown PCGS. S-74, B-2, Low R.4. Bland MS65; tied for CC-1. Noyes MS65; CC-1. Photo #21409. Our EAC Grade MS65.
Price Realized: $207,000

Lot 2000: 1793 Chain 1C AMERI. AU53 PCGS. S-1, B-1, R.4. Bland XF40; tied for CC-11. Noyes VF35; CC-12. Photo #33333. Our EAC Grade XF40.
Price Realized: $172,500

Lot 2094: 1796 1C Draped Bust, Reverse of 1795. MS65 Red and Brown PCGS. S-93, B-34, R.3. Bland MS65; CC-1. Noyes MS65; CC-1. Photo #20187. Our EAC Grade MS63.
Price Realized: $161,000

Lot 2192: 1799 1C Normal Date XF45 PCGS. S-189, B-3, High R.2. Bland VF25; tied for CC-6. Noyes VF30; tied for CC-2. Photo #35050. Our EAC Grade VF25.
Price Realized: $161,000

Lot 2277: 1807 1C Small 7 over 6. AU55 PCGS. S-272, B-2, High R.4. Bland AU50; CC-1. Noyes AU50; CC-1. Photo #20999. Our EAC Grade AU50.
Price Realized: $161,000

Lot 2039: 1794 1C Head of ‘94. XF45 PCGS. S-37, B-24, High R.6. Bland VF30; CC-2. Noyes VF30; CC-2. Photo #32007. Our EAC Grade VF30.
Price Realized: $161,000

Lot 2047: 1794 1C Head of ‘94. MS65 Red and Brown PCGS. S-45, B-35, High R.5. Bland MS64; CC-1. Noyes MS65; CC-1. Photo #21754. Our EAC Grade MS63.
Price Realized: $149,500

Lot 2066: 1794 1C Missing Fraction Bar. MS65 Brown PCGS. S-64, B-50, Low R.5. Bland MS67; CC-1. Noyes MS62; CC-1. Photo #21405. Our EAC Grade MS60+.
Price Realized: $149,500

Lot 2003: 1793 Chain 1C Periods AU50 PCGS. S-4, B-5, R.3. Bland XF40; tied for CC-7. Noyes VF35; tied for CC-8. Photo #31155. Our EAC Grade XF45.
Price Realized: $138,000

Lot 2001: 1793 Chain 1C AMERICA MS60 Details, Light Surface Damage, ANACS. S-2, B-2, High R.4. Bland MS61; CC-1. Noyes AU50; tied for CC-6. Photo #35070. Our EAC Grade AU55.
Price Realized: $126,500

Lot 2004: 1793 1C Wreath, Vine and Bars Edge. MS62 Brown PCGS. S-5, B-6, R.4. Bland AU50; tied for CC-6. Noyes AU50; tied for CC-7. Photo #59278. Our EAC Grade AU50.
Price Realized: $126,500

Lot 2007: 1793 1C Wreath, Vine and Bars Edge. MS62 Brown PCGS. S-8, B-13, R.3. Bland AU50; tied for CC-10. Our EAC Grade AU55.
Price Realized: $126,500

Lot 2015: 1793 1C Liberty Cap. XF45 PCGS. S-14, B-17, Low R.5. Bland VF35; tied for CC-5. Noyes VF35; tied for CC-4. Photo #25008. Our EAC Grade VF35.
Price Realized: $126,500

Lot 2071: The St. Oswald 1794 S-69 Cent, Head of ‘95. MS65 Brown PCGS. S-69, B-61, R.3. Bland MS66; CC-1. Noyes MS67; CC-1. Photo #21048. Our EAC Grade MS64.
Price Realized: $109,250

Lot 2035: 1794 1C Head of ‘94. VF35 PCGS. S-33, B-19, R.6. Bland VF25; CC-1. Noyes VF25; CC-1. Photo #21888. Our EAC Grade VF25.
Price Realized: $103,500

Lot 2059: The St. Oswald 1794 S-57 Large Cent, Head of ‘94. MS65 Red and Brown PCGS. S-57, B-55, R.1. Bland MS64; CC-1. Noyes MS65; tied for CC-1. Photo #21180. Our EAC Grade MS64.
Price Realized: $103,500

Lot 2220: 1801 1C AU58 PCGS. S-217, B-7, High R.6. Bland AU50; CC-1. Noyes XF40; CC-2. Photo #21891. Our EAC Grade XF45.
Price Realized: $103,500

Lot 2017: 1794 1C Head of ‘93. XF45 PCGS. S-17a, B-1a, Low R.5. Bland VF30; tied for CC-3. Noyes VF30; tied for CC-3. Photo #20003. Our EAC Grade VF30.
Price Realized: $97,750

Lot 2028: 1794 1C Head of ‘94. MS65 Brown PCGS. S-26, B-16, R.2. Bland MS60; tied for CC-3. Noyes MS60; CC-4. Photo #22506. Our EAC Grade MS60.
Price Realized: $97,750

Lot 2031: 1794 1C Head of ‘94. MS65 Brown PCGS. S-29, B-11, R.2. Bland MS60; CC-3. Noyes MS60; tied for CC-1. Photo #22675. Our EAC Grade MS60.
Price Realized: $97,750

Lot 2013: 1793 1C Liberty Cap. VF35 PCGS. S-12, B-21, Low R.6. Bland VF20; tied for CC-2. Noyes VF25; tied for CC-2. Photo #20424. Our EAC Grade VF20.
Price Realized: $92,000

Lot 2032: 1794 1C Head of ‘94. MS64 Brown PCGS. S-30, B-12, R.1. Bland MS60; tied for CC-1. Noyes MS65; CC-1. Photo #20145. Our EAC Grade MS60.
Price Realized: $92,000

Lot 2042: 1794 1C Head of ‘94. MS63 Brown PCGS. S-40, B-28, High R.5. Bland MS61; CC-1. Noyes MS60; CC-1. Photo #21136. Our EAC Grade MS60.
Price Realized: $86,250

Lot 2070: 1794 1C Head of ‘95. AU58 PCGS. S-68, B-60, R.5. Bland AU55; CC-1. Noyes MS60; CC-1. Photo #21047. Our EAC Grade AU55.
Price Realized: $80,500

Lot 2033: 1794 1C Head of ‘94. MS64 Brown PCGS. S-31, B-13, R.1. Bland MS60; tied for CC-4. Noyes MS65; tied for CC-1. Photo #22632. Our EAC Grade MS60.
Price Realized: $74,750

Lot 2082: 1796 1C Liberty Cap. MS63 Brown PCGS. S-81, B-2, R.3. Bland MS60; CC-1. Noyes AU50; tied for CC-3. Photo #34824. Our EAC Grade AU55.
Price Realized: $74,750

Lot 2034: 1794 1C Head of ‘94. MS64 Brown PCGS. S-32, B-18, R.2. Bland MS60; CC-2. Noyes MS63; CC-2. Photo #22633. Our EAC Grade MS60.
Price Realized: $69,000

Lot 2041: 1794 1C Head of ‘94. AU55 PCGS. S-39, B-27, R.6. Bland XF40; tied for CC-2. Noyes XF45; CC-2. Photo #39969. Our EAC Grade XF45.
Price Realized: $69,000

Lot 2025: 1794 1C Head of ‘94. MS63 Brown PCGS. S-23, B-7, High R.4. Bland AU55; tied for CC-1. Noyes AU55; tied for CC-1. Photo #21756. Our EAC Grade AU55.
Price Realized: $66,700

Lot 2012: 1793 1C Wreath, Lettered Edge. AU58 PCGS. S-11c, B-16c, R.3. Bland XF45; tied for CC-6. Noyes XF45; tied for CC-6. Photo #31019. Our EAC Grade XF45.
Price Realized: $63,250

Lot 2040: 1794 1C Head of ‘94. MS63 Brown PCGS. S-38, B-25, R.5. Bland AU55; tied for CC-1. Noyes AU55; CC-1. Photo #21540. Our EAC Grade AU55.
Price Realized: $57,500

Lot 2022: 1794 1C Head of ‘93. XF45 PCGS. “S-20b,” B-4b, High R.4. Bland VF25; tied for CC-4. Noyes VF30; tied for CC-2. Photo #22590. Our EAC Grade VF25.
Price Realized: $54,625

Lot 2036: 1794 1C Head of ‘94. XF45 PCGS. S-34, B-20, High R.5. Bland VF30; CC-2. Noyes VF30; CC-2. Photo #39970. Our EAC Grade VF30.
Price Realized: $54,625

Lot 2068: 1794 1C Head of ‘94. VF35 PCGS. S-66, B-58, High R.5. Bland VF25; CC-1. Noyes VF25; tied for CC-1. Photo #21046. Our EAC Grade VF25.
Price Realized: $54,625

Lot 2029: 1794 1C Head of ‘94. AU50 PCGS. S-27, B-9, R.5. Bland XF40; CC-2. Noyes VF30; tied for CC-3. Photo #21237. Our EAC Grade VF35.
Price Realized: $51,750

Lot 2024: 1794 1C Head of ‘94. MS63 Brown PCGS. S-22, B-6, R.1. Bland AU55; tied for CC-1. Noyes AU55; CC-3. Photo #20379. Our EAC Grade AU55.
Price Realized: $48,875

Lot 2027: 1794 1C Head of ‘94. AU58 PCGS. S-25, B-15, R.3. Bland AU55; CC-2. Noyes AU55; CC-2. Photo #22717. Our EAC Grade AU55.
Price Realized: $48,875

Lot 2151: 1798 1C First Hair. MS63 Brown PCGS. S-148, B-11, R.2. Bland MS60; CC-3. Noyes MS62; CC-2. Photo #23021. Our EAC Grade MS60.
Price Realized: $48,875

Lot 2016: 1793 1C Liberty Cap. Very Good 10 PCGS. S-16, B-19, R.6. Bland Very Good 7; tied for CC-6. Noyes Very Good 8; tied for CC-4. Photo #26755. Our EAC Grade Very Good 8.
Price Realized: $46,000

Lot 2018: 1794 1C Head of ‘93. VF20 PCGS. S-18a, B-2a, R.6. Bland Fine 12; tied for CC-3. Noyes Fine 12; CC-3. Photo #32992. Our EAC Grade Fine 12.
Price Realized: $43,125

Lot 2023: 1794 1C Head of ‘94. MS64 Brown PCGS. S-21, B-5, R.3. Bland MS60; CC-2. Noyes MS60; CC-2. Photo #21541. Our EAC Grade MS60.
Price Realized: $43,125

Lot 2030: 1794 1C Head of ‘94. MS63 Brown PCGS. S-28, B-10, R.2. Bland MS60; tied for CC-1. Noyes AU55; CC-4. Photo #34001. Our EAC Grade AU55.
Price Realized: $40,250

Lot 2021: 1794 1C Head of ‘93. AU50 PCGS. S-19b, B-3b, R.4. Bland VF25; tied for CC-8. Noyes VF25; tied for CC-9. Photo #20159. Our EAC Grade VF25.
Price Realized: $34,500

Lot 2058: 1794 1C Head of ‘94. MS62 Brown PCGS. S-56, B-48, R.3. Bland AU55; CC-2. Noyes AU55; CC-2. Photo #22507. Our EAC Grade AU55.
Price Realized: $32,200

Lot 2063: 1794 1C Head of ‘94. MS60 Details, Scratched, ANACS. S-61, B-53, R.4. Bland AU55; tied for CC-3. Noyes AU50; CC-4. Photo #21886. Our EAC Grade AU50.
Price Realized: $32,200

Lot 2072: 1794 1C Head of ‘95. MS62 Brown PCGS. S-70, B-62, R.2. Bland MS60; tied for CC-1. Noyes AU55; CC-2. Photo #20782. Our EAC Grade AU55.
Price Realized: $32,200

Lot 2009: 1793 1C Wreath, Vine and Bars Edge. AU50 PCGS. S-10, B-10, R.4. Bland VF35; tied for CC-12. Noyes VF35; tied for CC-9. Photo #36661. Our EAC Grade VF30.
Price Realized: $28,750

Lot 2010: 1793 1C Wreath, Vine and Bars Edge. AU50 PCGS. S-11a, B-16a, High R.4. Noyes VF30; tied for CC-8. Photo #59257. Our EAC Grade VF30.
Price Realized: $27,600

Lot 2008: 1793 1C Wreath, Vine and Bars Edge. AU50 PCGS. S-9, B-12, R.2. Noyes VF20; tied for CC-21. Photo #36165. Our EAC Grade VF25.
Price Realized: $21,850

Lot 2006: 1793 1C Wreath, Vine and Bars Edge. Very Good 10 PCGS. S-7, B-8, Low R.6. Bland Very Good 7; tied for CC-12. Noyes Very Good 7; tied for CC-9. Photo #24052. Our EAC Grade Very Good 7.
Price Realized: $20,700

Lot 2093: 1796 1C Draped Bust, Reverse of 1795. AU55 PCGS. S-92, B-28, R.3. Bland XF45; tied for CC-6. Noyes VF35; tied for CC-11. Photo #25467. Our EAC Grade XF45.
Price Realized: $20,700

All price realized quoted include the 15% Buyer’s Premium paid by all winning bidders. For more information about Heritage’s auctions, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HA.com.

To reserve your copy of any Heritage auction catalog, please contact Client Services at 1-800-872-6467, ext. 150, or visit www.HA.com/Catalog to order by email.

To discuss consigning coins or currency to an upcoming auction, please call the Heritage Consignor Hotlines at 800-872-6467 ext. 1000 (Coins); or ext. 1001 (Currency).

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1 Comment on "Husak Large Cents Soar Past $10.7 Million At Heritage’s $25 Million Long Beach Signature Auction"

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  1. M. J. L. says:

    I asked the obvious question on HA.com 5 yrs. ago, still alarmingly patient for HA.com to address and give comment. Part of the question was concerning Mr.Husak and when and where were “his coins” displayed before the 2008 auction. The other part is on hold from the public for now.

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