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Setting a new world record for the most valuable numismatic cabinet ever sold, and perhaps a new world record for any holding of collectibles in any field, the D. Brent Pogue Collection netted total sales of $106,720,432.25 USD over the course of five auction events held from 2015 to 2017 by Stack’s Bowers Galleries of Santa Ana, California and Sotheby’s. The fifth auction itself yielded sales of $21,402,213.75, highlighted by the Dexter specimen of the legendary 1804 dollar, which brought just under $3.3 million.

The Pogue Collection, assembled by father and son Mack and Brent Pogue over the course of more than three decades, focused on the highest-quality United States coins dated from 1793 to 1840.

Outside of the famous 1804 dollar, one of the most legendary rarities in any American collecting field, the sale was led by the finest-known specimen of the 1811 half cent, graded MS-66 RB (PCGS), which brought $998,750 in fevered bidding.

A Sheldon-13 1793 Liberty Cap cent graded AU-58 (PCGS) and featured on the famous 1869 Levick Plate brought $940,000, making it the most valuable circulated cent ever sold. The two 1793 Liberty Cap cents included in tonight’s auction brought a combined $1.316 million, more than 65 million times their face value. The total face value of the cents in the sale, the highest-quality group of early United States cents ever sold in a single auction, was $1.42. They brought a total of $12,026,653.75, nearly 8.5 million times their value as pocket change.

Other highlights included one of four known Original Proof 1852 half cents, graded Proof-65 RD (PCGS); considered the finest of the four, the Pogue specimen brought $493,500.

A gem MS-65 (PCGS) 1801 dollar, once the property of Col. E.H.R. Green and Amon Carter, sold for $399,500, and an 1802 Restrike dollar in Proof-64 (PCGS) realized $352,500.

Early date cents brought extremely strong prices, including those dated 1794 (the finest known 1794 Head of 1793 at $540,500 and the finest-known Sheldon-24 “Apple Cheek” in magnificent PCGS MS-67 RB at $446,500), 1796 (the stunning 1796 Sheldon-84 Liberty Cap in PCGS MS-66+ RB at $705,000 and the highest-graded 1796 Draped Bust cent, certified as MS-66+ BN by PCGS, at $329,000), 1799 (the finest known of the date, graded MS-61 BN by PCGS, at $540,500), and 1804 (also the finest known of the date, graded MS-63 BN by PCGS, sold for $540,500).

The 1823 Newcomb-2 cent graded MS-66 BN (PCGS) brought a new record for any example of the Matron Head type, realizing $376,000. That record was tied just a few minutes later when the finest-known 1839/6 cent, graded MS-65+ BN (PCGS), brought the same sum.

The auction was strong beyond the most notable and most expensive pieces, however.

An 1817 15 Star cent in MS-65 BN (PCGS) sold for $76,375, only slightly more than an 1824 N-2 graded MS-66 RB (PCGS) that brought $70,500. The same price was paid for the finest-known 1826/5 cent, graded MS-66 BN (PCGS), while an 1831 N-3 in MS-66+ RB (PCGS) stunned onlookers at $105,750, a new record for the date.

An MS-66 RD (PCGS) 1852 N-22 wowed those present as it sold for $94,000, leading all late date cents sold.

The most expensive Liberty Seated coin sold in the sale was the MS-65 (PCGS) 1839 No Drapery half dollar, from the Lawrence Stack Type Set, that found a new home at $141,000.

“The Pogue Collection sale was a phenomenal success. Part V surpassed our highest estimates by more than $3 million, and dozens of coins set new world records for examples of their date,” said Stack’s Bowers Galleries President Brian Kendrella.

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The $200 Million Dollar Coin Collection
The Pogue Collection will likely be the most expensive coin collection ever sold at auction. The face value of the 681 coins? $969.14. Video courtesy of Forbes.com

 

 

 


The D. Brent Pogue Collection

Pogue IV Auction Sells 61 Coins, Surpasses $16 Million

1795 $1 and Proof 1833 $5 Both Sell For Over $1 Million

Part IV of the D. Brent Pogue Collection, offered by Stack’s Bowers Galleries and Sotheby’s at Sotheby’s New York galleries, realized a total of US$16,749,038 for 61 lots, with an average lot value of more than $274,000 per coin. The Farouk-Pittman 1833 Proof half eagle led all coins sold at $1,351,250. A famed 1795 Draped Bust silver dollar, last sold in the 1980 Garrett Collection sale, also surpassed the million-dollar mark, realizing a total of $1,057,500.

pogueivgraphicA world-record sum of $10,575,000 was bid from the phone for the finest known 1804 dollar, the highest price ever offered for any coin, but it did not surpass the consignor’s reserve price. The previous world record of $10,016,875 was bid in the Stack’s Bowers Galleries sale of January 2013 for the finest known 1794 dollar.

The only collectible specimen of the extremely rare 1822 half eagle, or $5 gold piece, received a phone bid of $7,285,000, a bid surpassed among gold coins by only the 1933 double eagle $20 gold piece that brought $7,590,000 in 2002. It was retained by the consignor after it did not meet their reserve price. Only two other examples exist, both in the Smithsonian Institution.

Eight additional coins sold for more than a half million dollars, led by the finer of two known 1825/4 half eagles, which sold for $940,000. Three other half eagles realized $822,500 each: the 1829 Small Planchet $5, the 1832 12 Stars $5, and the 1835 Proof $5. A superb 1795 Draped Bust dollar brought $763,750. The same sum, $763,750, purchased the 1829 Large Planchet half eagle. The first issue of the New Orleans Mint, the extremely rare 1838-O half dollar, brought $493,500. The finest known 1838-C half eagle, the first coin struck at the Charlotte Mint in North Carolina, realized $235,000 against a $60-90,000 estimate. The prices realized for the night totaled $16,749,038.

As the details for future sales become available they will be posted on our website along with the results of this sale. Please visit www.stacksbowers.com.

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About The D. Brent Pogue Collection Auctions

Formed over the past five decades, the The D. Brent Pogue Collection offers the finest of the fine, the rarest of the rare, and is expected to be the most valuable collection of United States coins ever sold.

The collection was started in the 1970s by D. Brent Pogue with the active participation and encouragement of his father, Dallas real estate developer A. Mack Pogue. Brent began the careful study of early American coins as a teenager and soon after, Mack and Brent were familiar faces in auction galleries whenever the most significant or finest known examples were crossing the block

If you would like to receive continuing information on the sale of The D. Brent Pogue Collection, without obligation, contact Christine Karstedt by email at ckarstedt@stacksbowers.com.

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