The Waldman Collection by Spink and Son

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$20.00

SPINK SMYTHE NEW YORK

Waldman ColleCTion The

Proof Indian Quarter Eagles and other Important Numismatic Properties

T h e Wa l d m a n C o l l e c t i o n

August 31, 2011

Cataloged & Sold by

August 31, 2011 • New York COINS BANKNOTES STOCKS & BONDS MEDALS AUTOGRAPHS STAMPS

3100 Monticello Ave. Suite 925 Dallas, Texas 75205 145 West 57th Street 18th Floor New York, New York 10019 www.spinksmythe.com

Smythe Aug CSS cat layout_Sale309_Cover 8/2/11 4:48 PM Page 2

Group Chairman & CEO Olivier Stocker Specialists Stamps David Parsons Nick Startup Neill Granger Paul Mathews Guy Croton Dominic Savastano Charles Shreve Chris Anderson George Eveleth Tim Hirsch Ed Robinson Andrew Titley Coins Richard Bishop Paul Dawson John Pett David Guest William MacKay Julie-Morgane Lecoindre Arthur Bryant Matthew Orsini Thomas Tesoriero Normand Pepin Banknotes Barnaby Faull Stephen Goldsmith Bonds & Shares Mike Veissid Stephen Goldsmith Autographs Robert Litzenberger Orders, Decorations, Medals & Militaria Mark Quayle Oliver Pepys Books Philip Skingley Rebecca Mason Special Commissions Ian Copson James Winterkorn • Spink UK • Timothy Hirsch Director Anthony Spink Non-Executive Director Auction & Client Management Team Emily Johnston Miroslava Adusei-Poku Phillipa Brown Finance Alison Bennet Mina Bhagat Alison Kinnaird Shyam Padhair IT & Administration Berdia Qamarauli Liz Cones Curlene Spencer John Winchcombe • Spink USA • Charles F. Shreve President John Herzog Chairman Emeritus Finance Dennis Muriu Ingrid Qureshi Sam Qureshi Auction Administration Rick Penko Patricia Lou Gardner Marketing & Design James McGuire Emily Cowin Shawn Barnes Clyde Townsend Administration Marcella Gottberg

Coins Stamps Banknotes, Medals, Bonds & Shares, Autographs & Books AUCTION CALENDAR 2011 Stamps 19-20 August 20 September 25 September 12 October 18-20 October 9 November

Philatelic Collector’s Series Sale Great Britain Stamps Fine Stamps & Covers of Southeast Asia including the Stolz Collection Part II The Chartwell Collection - Great Britain Surface Printed Issues Pearls of Arabia Philately The “Fordwater” Collection of Mint Australian Commonwealth with the Emphasis Being on Unmounted Mint 9-10 November Autumn Collector’s Series Sale 15-16 November The Collector’s Series Sale 29 November The “Agathon” Collection of the First Issue of Russia 6 December The Chartwell Collection - Great Britain King Edward VII Essays, Proofs and Issued Stamps

New York London Singapore London London London

136 11038 11016 11031 11037

London New York London London

11033

New York London London New York London

309 11019 11040

Bonds and Shares 30 August Numismatic Collector’s Series Sale 21 October Bonds & Share Certificates of the World 15-16 November The Collector’s Series Sale

New York London New York

309 11022

Coins 30 August 31 August

New York New York

309

London London New York London

11023 11039

London

11011

Banknotes 30 August 27-28 Sept. 3 October 15-16 November 8 December

Numismatic Collector’s Series Sale World Banknotes The Alasdair MacDonald Collection of Banknotes and Other Properties The Collector’s Series Sale World Banknotes

Numismatic Collector’s Series Sale The Waldman Collection of Proof Indian Quarter Eagles and other Important Numismatic Properties 6 October Ancient, English & Foreign Coins and Commemorative Medals 6 October The Property of a Gentleman: A Collection of English Hammered Groats 15-16 November The Collector’s Series Sale 1 December Ancient, English & Foreign Coins and Commemorative Medals

Medals 24 November

Orders, Decorations, Campaign Medals & Militaria

The above sale dates are subject to change

• Spink Asia • Gary Tan

11034 11035

11020

11024

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Public Auction Wednesday, August 31, 2011

at 6:00 p.m.

Session 1

Lots 1 - 212

Sale Location SPINK SMYTHE 145 West 57th St., 18th Floor New York, NY 10019 1-800-556-7826 212/262-8400 Fax: 212/262-8484 E-Mail: info@spinksmythe.com Website: www.spinksmythe.com

Viewing of Lots DALLAS All lots will be available for viewing by appointment only. Call 1-800-556-7826. August 8-12, 2011 ROSEMONT, IL American Numismatic Association Convention Donald E. Stevens Convention Center August 16 - 20, 2011 9:00 a.m. - 5:30 p.m. Auction highlights will be on display at Table #323 NEW YORK CITY Spink Smythe 145 West 57th St., 18th Floor August 25 - 29, 2011 10:00 a.m. - 5:00 p.m.

Sale Offered By SPINK SMYTHE 3100 Monticello Ave. Suite 925 Dallas, TX 75205 1-800-556-7826 972/788-2100 Fax: 972/788-2788 E-Mail: info@spinksmythe.com Website: www.spinksmythe.com Auctioneer: Tracy L. Shreve, New York City, Dept. of Consumer Affairs, License #914454/914455

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The Waldman Collection

Terms and Conditions of Sale This is a public auction and mail-bid sale held by SPINK, who are licensed and bonded auctioneers. SPINK may not withdraw any lot after a call for bids has been made with respect to that lot, however, the consignor of the property included in the lot (or any other lot) may bid on and purchase the lot for his/her own account. If he/she does so, he/she must pay both the seller’s commission and buyer’s premium. 1. 2.

The placing of a bid constitutes full acceptance of these Terms and Conditions of Sale by the bidder. The highest bidder acknowledged by SPINK shall be the buyer. In the event of any dispute between bidders, SPINK may, at its sole discretion, immediately put the lot up for sale again. SPINK’S decision shall be final and binding upon all bidders. A buyer’s premium equal to 20% of the successful bid price of each lot up to and including $2,000.00 and 15% of the excess bid price will be added to each invoice and is payable by the buyer as part of the total purchase price. All bids are to be per lot as numbered in this catalog. SPINK reserves the right to group two or more lots together and to withdraw, prior to call for bids, any lot(s) from the sale. Bids will be accepted in whole dollar amounts only, and SPINK reserves the right to reject any bid or advance the bidding at its discretion. SPINK may not withdraw any lot after a call for bids has been made with respect to that lot, however, the consignor of the property included in the lot (or any other lot) may bid on and purchase the lot for his/her own account. If he/she does so, he/she must pay both the seller’s commission and buyer’s premium. SPINK may have made advances and loans available to certain consignors and bidders in the sale. SPINK reserves the right to bid on any lot in the sale. Additionally, SPINK may or may not have financial interest in any of the lot(s) in the sale. All sales are strictly for cash, check and bank/wire transfer in United States dollars; However, SPINK will only accept cash payments under $10,000.00. SPINK offers clients the option of paying by credit cards (Visa, MasterCard, and Discover only) in United States Dollars for a convenience charge of two percent (2%) up to a total of $20,000.00. Credit card payments will only be accepted if (a) the purchase is made by the card holder, (b) any purchased items to be shipped are shipped to the cardholder’s verified billing address, (c) floor bidders present their credit cards and (d) all returns are governed by the terms and conditions of the sale. Payment is due and payable immediately upon receipt of the auction invoice or, if payment is to be made at the auction site, simultaneously with receipt of the purchased items. SPINK reserves the right to void a sale if payment in full of the invoice is not received by SPINK within fifteen (15) days of the date of invoice. A late charge in the amount of the lesser of 18% per annum and the maximum lawful rate will be charged on the invoice total if payment is not received within thirty (30) days of the date of the invoice. All lots are subject to applicable state and local taxes, unless appropriate resale certificates are on file with SPINK. Shipping, handling and administration charges will be added to invoices for lots delivered by mail. All lots will be shipped via U.S. Express Mail to Post Office boxes, via Federal Express to street addresses, and FedEx ground for

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bulky large lots (in the U.S. only). Purchases shipped via FedEx will not be covered by SPINK insurance in the event that the buyer has placed a “signature release” on file with UPS. Buyer will be responsible for total purchase price in the event of loss. SPINK cannot be and is not responsible for the loss of any merchandise shipped outside the United States and therefore insurance on any items to be shipped outside the United States is solely the responsibility of the buyer. It is also the responsibility of the buyer to provide adequate insurance coverage for the items once they are in his/her possession. Risk of loss shall be borne by the buyer following shipment of the items and SPINK assumes no liability for merchandise lost, stolen or damaged while in the possession of a party to whom merchandise has been shipped. In the event a successful bidder fails to pay the charges due, SPINK reserves the right to resell the merchandise and the buyer agrees to pay for the reasonable cost of such a sale including a 10% seller’s commission, and also to pay any difference between the resale price and the winning price of his/her previously successful bid. SPINK reserves the right to require payment in full before delivery of the merchandise to the buyer. Bidder personally guarantees payment, and if a corporation, an officer or principal in the corporation agrees to personally guarantee payment. Title to any purchased items remains with SPINK until all invoices are paid in full. SPINK reserves the right to await clearance of any check used for payment before delivery of any item and a $25.00 charge will be applied for any check that fails to clear. SPINK reserves the right to refuse to honor or reject any bid which, in its opinion, is not submitted in good faith, or, as the case dictates, is not supported by satisfactory references, as SPINK in its sole discretion shall determine. SPINK further reserves the right to ban any bidder from participation in its sales for any reason deemed appropriate in its sole discretion. No minors may participate in any SPINK sales. Bids will be executed for mail bidders at one advance over the next highest bid in competition with floor and/or internet bidders, until the maximum bid is executed for the mail bidder, or until the lot is sold. No buy or unlimited bids will be accepted. No additional commission (except for the buyer’s premium) is charged for executing mail bids. SPINK cannot and does not assume any responsibility for errors made in the amount bid or lot numbers listed, so check your bid sheet and online submission carefully. When identical mail bids are submitted, preference is given to the first received. SPINK may reopen the bidding on a lot under the following circumstances: (a) SPINK has failed to execute correctly a mail bid; (b) A party purchasing the lot on the floor has done so in error; (c) Where a protest is made after the hammer has fallen but before bidding has commenced

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August 31, 2011 - New York City

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on the next lot; (d) Where the auctioneer has determined that he/she has overlooked a party still bidding on the lot but before the calling of the next lot; and (e) At the discretion of the auctioneer. In the event of a dispute, the auctioneer’s decision shall be final. Agents executing bids on behalf of clients will be held responsible for all purchases made on behalf of clients unless otherwise arranged prior to the sale. The same protections applicable to SPINK shall apply to each officer, director and employee of SPINK unless such individual shall be convicted of knowingly and intentionally selling false or stolen goods. The descriptions provided in the catalog are intended solely for the use of those bidders who do not have the opportunity to view the lots prior to bidding. All photographs in the catalog are as accurate as can be reproduced with today’s technology; however, they cannot be relied upon for exact reproduction of color. All bidders who have inspected the lots prior to the auction will not be granted any return privileges, except for reasons of genuineness. It is presumed that all floor bidders have inspected the lots prior to bidding. Therefore, lots purchased by floor bidders are sold “AS IS” and may not be returned. Floor Bidders include those bidders acting as agents for others. Additionally, SPINK reserves the right to describe items differently than the descriptions shown in the catalog should such items be consigned to any future auction. All the lots are sold as genuine. For the purpose of this sale, “genuine” is defined as not faked or forged and SPINK will not knowingly sell any item that has been “repaired’, “restored”, “processed”, “cleaned”, “pressed” or “conserved” in any way without disclosure of such facts to the potential buyer. The following conditions apply to requests for expertization of philatelic items: (a) Mail bidders are asked to advise SPINK of any extension requests at the time of placing their bids; (b) Floor bidders must advise SPINK of any extensions in writing at the time of lot settlement; (c) SPINK will submit all items so requested by successful bidders to the reputable authority of their choice; For United States stamps, the Philatelic Foundation and the Professional Stamp Experts are the accepted authorities. (d) Purchasers of items submitted for expertization must pay as part of the purchase price all charges for expertization, including postage and handling; (e) Purchasers of items to be expertized must make payment in full immediately upon purchase prior to expertizing; Refunds will be made promptly for all sums if in the unlikely event an item is returned with a negative opinion; (f) Requests for expertization of stamps with certificates dated within the last five (5) years of the sale date will not be granted; (g) No lot may be returned due to a certification service grading a stamp differently than the grade stated in the auction description; (h) No lot will be accepted as a return from expertization if the item is indelibly marked as being altered or fraudulent by the expertizing authority; and (i) No lot will be accepted as a return, for any reason whatsoever, including extension returns, after four (4) months from the sale date. Any exceptions to this time limitation must be agreed to in writing at SPINK sole discretion. No lots may be returned without a written request by the

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successful bidder and the written approval of SPINK. In the unlikely event of returning a lot, SPINK must receive notification of the buyer’s intent within three (3) days of the buyer’s receipt of the lot. The following lots may not be returned for any reason whatsoever: (a) lots containing ten or more items; (b) lots described as having faults or defects because of the faults described or any others, including lots described as “repaired”, “corroded”, “holed”, “whizzed”, or similar damage, except for non-authenticity; (c) illustrated lots because of centering, margins, etc. or other factors shown in the illustrations; (d) lots described “AS IS”, including third party graded coins or banknotes (i.e. PCGS, NGC, ANACS, ICG); (e) lots valued primarily for the bullion content; (f) lots examined by postal viewers; and (g) any philatelic extension lot unless the conditions set forth in Item 18 above is complied with fully. Except for lots placed on extension, as per the conditions of Item 18 above, no lots may be returned for any reason whatsoever after thirty (30) days from sale date. Late payment for purchase may, at SPINK option, be considered just cause to revoke all return privileges. If any disputes arise regarding payment, authenticity, or description between the bidder and SPINK, SPINK at its sole discretion, may submit the disputed matter to binding arbitration in Dallas, Texas, to which the bidder, by placing a bid and hereby accepting these Terms and Conditions of Sale, agrees to be bound. United States coins and currency will not, in conformity with the law, be opened at less than face value. The auctioneer reserves the right to postpone the sale by auction for a reasonable period of time as a result of any significant event which, in the sole discretion of the auctioneer, makes it advisable to postpone the event. No prospective bidder or prospective buyer shall have recourse as a result of any postponement In the event SPINK refers an invoice(s) to an attorney for collection, the buyer agrees to pay SPINK attorney’s fees, court costs, witness fees and other costs incurred by SPINK. THESE TERMS OF SALE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT GIVING REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW. THE SIGNER OF A SPINK BID SHEET OR PARTICIPANT IN THE AUCTION AGREES THAT EXCLUSIVE VENUE FOR ANY DISPUTE WITH RESPECT TO THESE TERMS OR IN CONNECTION WITH SPINK SHALL RESIDE IN A STATE OR FEDERAL COURT LOCATED IN DALLAS, TEXAS. On-line Bidding — SPINK offers internet services as a convenience to our clients, but SPINK will not be responsible for errors or failures to execute bids placed on the internet, including, without limitation, errors or failures caused by (i) a loss of connection on SPINK or your end; (ii) a breakdown or problems with the online bidding software and/or (iii) a breakdown or problems with a client's internet connection, computer or system. Execution of on-line internet bids is a free service undertaken subject to other commitments at the time of the sale and SPINK does not accept liability for failing to execute an online internet bid or for errors or omissions in connection with this activity.

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The Waldman Collection

Irwin Waldman Biography Irwin Waldman was born in 1925, in Newark, NJ. He graduated from the Wharton School of Business and Finance at the University of Pennsylvania and served as an officer in the United States Navy. In subsequent years, he studied both real estate and mortgages and became a registered securities licensee. In the 1980’s, he obtained the designation of Certified Insurance Counselor and was the owner of an independent insurance agency in New Jersey. He has served as Chairman of the Board of various corporations and businesses, President of selected organizations, and Advisor to various service groups. He has been a devoted husband for over 60 years and has a son and two grandchildren. For most of his adult life, Irwin has been deeply involved with various service organizations and has donated much of his time to charitable work. In 1948, Mr. Waldman became a co-founder of the Orange, NJ Lions Club and served in every office—including President—for many years. In 1957, Irwin became a Mason and has since devoted over 50 years to Freemasonry. He has sat on all Lodge Committees and has been an integral part of several Lodges in New Jersey. In the 1960s, Irwin organized a Masonic Scholarship Fund which has enabled hundreds of students to attend colleges of their choice. Over the decades, he has also become very active with NJ Grand Lodge activities and has been a key part of the inception, maintenance and mergers of various Lodges throughout the state. Over the years, Irwin Waldman has been an avid collector of many diverse items, but his greatest passion has been coins, currency and bullion. He has devoted much of his adult life to the research, the study, the timing and the acquisition of a premier collection. The Waldman Collection is a culmination of his life’s work and passion and he is proud to share it with you. Irwin Waldman

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3100 Monticello Ave., Suite 925, Dallas, TX 75205 Toll Free: 1-800-556-7826 Fax: (972) 788-2788 ✦ Phone: (972) 788-2100 E-mail: info@spinksmythe.com

Sale #310

MAIL BID FORM Name (please print) ________________________________________________________ Company Name __________________________________________________________ Address __________________________________________________________________ City, State, Zip ____________________________________________________________ Daytime Phone__________________________ Evening Phone FAX No.__________________________ E-mail: Bid Amt. $

Lot #

__________________

______________________________ Bid Amt. $

Lot #

Bid Amt. $

Tear Here & Return In Enclosed Envelope

Lot #

The Waldman Collection Proof Indian Quarter Eagles and Other Important Numismatic Properties

❑

Check here if you wish to limit your total amount of purchases. (Hammer Price Only)

Limit total: $ ____________________________ To ensure that bids will be accepted and delivery of lots not delayed, bidders not yet known to Spink Shreves should supply a list of Dealer References. SPINK offers clients the option of paying by credit cards in United States Dollars for a convenience charge of two percent (2%) up to a total of $20,000.00.

If Necessary, please increase my bid by:

❑ 10%

❑ 20%

❑ 30%

Dealer References: (list city, state, zip, & phone) ________________________________________________________________ ________________________________________________________________ ________________________________________________________________

Name (on credit card) ______________________________________________________ Card Number:

Security Code:

Exp. Date:

Signature: __________________________________________________________Date: ____________________ I have read and agreed to all the Terms and Conditions of Sale for this catalog and authorize the charging of my card. Please note there is a 20% buyer’s premium added to the hammer price of each lot up to and including $2,000.00 and 15% of the excess of the hammer price above $2,000.00. SPINK offers clients the option of paying by credit cards in United States Dollars for a convenience charge of two percent (2%) up to a total of $20,000.00.

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The Waldman Collection

Lot #

Bid Amt. $

Lot #

Bid Amt. $

Lot #

Bid Amt. $

BIDDING INCREMENTS The auctioneer generally advances the bidding in the following incremental amounts:

Up to $100 ..........................................by $100 to $300........................................by $300 to $750........................................by $750 to $1,500 ....................................by $1,500 to $3,000..................................by $3,000 to $7,500..................................by

$5 $10 $25 $50 $100 $250

$7,500 to $15,000..................... by $500 $15,000 to $30,000...................by $1,000 $30,000 to $75,000................... by $2,500 $75,000 to $150,000................. by $5,000 $150,000 to $300,000............... by $10,000 $300,000+..........at auctioneerâ&#x20AC;&#x2122;s discretion

Please note, however, that the auctioneer may, in his or her sole discretion, vary the bidding increments during the course of the auction to expedite the bidding. A number of our most successful bidders telephone us prior to our auctions to ask for bidding advice, opening bids and for pre-sale estimates on selected lots. We welcome your call to answer any questions you have or to help you in preparing your bids. Please ask for Stephen Goldsmith for currency; Matt Orsini for coins; and Robert Litzenberger for autographs and stocks & bonds. 972-788-2100 or 800-556-7826.

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August 31, 2011 - New York City

Spink Smythe is honored to announce The Waldman Collection of Proof Indian Quarter Eagles and other Important Numismatic Properties. With this collection’s glittering golden focus, singling out a particular portion as particularly appealing is a real challenge, but after due deliberation, the Proof Quarter Eagles’ shine too brightly to ignore their collective significance. The reason – this group is one-in-a-million, literally. In numismatic circles, Proof gold equates to the finest symbols of luxury. Think Tiffany. Think Patek Philippe. Think Rolls Royce. Think rarity, quality and esthetic appeal. Proof gold coins were usually issued in extremely limited quantities, and strikings were often made specifically at the request of societies most privileged personages. Because of their strong tie to affluence, these Proof gold coins are highly cherished collectibles. They have withstood the test of time and remain a “brand” within numismatics that retains ultimate prestige. The Proof Indian Quarter Eagle series is even more compelling. Designed by Bela Lyon Pratt at the behest of President Theodore Roosevelt himself, the Proof Indian Quarter Eagle, with its revolutionary incused design, was produced over an eight year span from 1908 to 1915, and is considered by many to be among the most visually stimulating American coins. Two finishes are distinguishable in the series, both up till that time unused on American coinage. In 1908, and continuing from 1911 through 1915, the mint produced the “matte” type characterized by a coarse pebble-like texture that lacked significant luster with a color that is often compared to a mustard-yellow. In 1909 and 1910, the mint produced a “Roman” finish that while similar to the matte type, showcased greater luster. Date 1908 1909 1910 1911 1912 1913 1914 1915

$2.5 $2.5 $2.5 $2.5 $2.5 $2.5 $2.5 $2.5

Mintage

Waldman Collection Specimen

236 139 682 191 197 165 117 100

NGC PR67 NGC PR65 NGC PR65 NGC PR68 NGC PR66 NGC PR66 NGC PR67 -------

While no reliable source exists to determine the number of coin collectors in the world, estimates for the United States generally range from 1 to 1.5 million. World collectors obviously only multiply this number. While this base of collectors includes many different disciplines, the facts remain unalterable – millions of collectors participate in the hobby, and that is what makes the Waldman Collection of Proof Quarter Eagles so remarkable. Each Proof Quarter Eagle, on its own merits, is extremely scarce, and endlessly collectible. Each further example added to the collection only multiples the odds of improbability. Because of the shear difficulty of doing so, the acquisition of a sole specimen for type placement is, and will continue to be, a pursuit of many collectors. This pursuit leaves very few examples available for set completion. As the Waldman Collection illustrates, even with time and resources, set completion isn’t guaranteed, as the current assemblage lacks the ultra-elusive 1915 end-cap to the series. With great confidence we can say that no more than a few complete sets reside in private hands, with nearly as few having the completeness seen in The Waldman Collection. Given the large number of collectors, and the existence of such a scant number of comparable collections, we confidently exclaim the assembly of proof Quarter Eagles within The Waldman Collection as a “one-in-a-million” accomplishment. Alongside these wonderful proof rarities, The Waldman Collection also contains a wide variety of other collectible types at all budget ranges. We sincerely hope that you will find the catalog as enjoyable to peruse as we did to produce and see it fit to carry on the collection’s legacy by making an example your own. As is always the case, we welcome any and all feedback and look forward to meeting many of you at our viewings in Dallas, the Chicago ANA and at the sale in New York. All the best,

Stephen Goldsmith Senior Vice President

Matthew M. Orsini Vice President Page vii

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The Waldman Collection

Order of Sale SESSION 1

Liberty Quarter Eagles ..............................................................................................1-3 Indian Quarter Eagles..............................................................................................4-30 Proof Indian Quarter Eagles ..................................................................................31-37 Three Dollar Gold ................................................................................................38-40 Early Half Eagles ........................................................................................................41 Liberty Half Eagles................................................................................................42-44 Indian Half Eagles ................................................................................................45-66 Liberty Eagles........................................................................................................67-71 Indian Eagles ........................................................................................................72-89 Liberty Double Eagles ........................................................................................90-146 Saint Gaudens Double Eagles ............................................................................147-154 Seated Liberty Half Dollars................................................................................155-159 Walking Liberty Half Dollars ....................................................................................160 Morgan Dollars ................................................................................................161-166 Commemorative Silver ......................................................................................167-211 Commemorative Gold ..............................................................................................212

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August 31, 2011 - New York City

FIRST SESSION Wednesday, August 31, 2011 - 6:00 p.m. Lots 1-212 Spink Smythe, New York, NY Liberty Quarter Eagles

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1903 2.5 Dollars. PCGS MS66. Common as a date, but superb as a type representative and scarce at such a lofty grade. The true beauty of the design is enhanced by surfaces that are almost flawless and a strike that imparts intricate knife-like definition throughout. Honey-gold color sits as a base, with the addition of soft copper-peach patina that delicately sweeps over the centers of both sides. (photo) Est. 1,500-1,700

1905 2.5 Dollars. PCGS MS63. Beaming luster adorns both sides with a noticeably hammered strike that is apparent from the fully struck up hair coils of Liberty to the peripheral stars that maintain sharp definition to their centers. Several minor copper specks are noted for accuracyâ&#x20AC;&#x2122;s sake. Housed in an older green PCGS holder. (photo) Est. 500-700

Indian Quarter Eagles

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1903 2.5 Dollars. PCGS MS62. Premium quality for the grade, with radiant luster in the fields and few significant marks. Housed in a green first-generation PCGS holder. (photo) Est. 400-600

1908 2.5 Dollars. NGC MS63. A first-year of type issue with a mintage of 565,057 that sits near the top-end for the series. While the mintage does suggest availability at nearly all levels, the 1908 date is actually slightly better at the MS63 level because of the highly saved later-date issues. Attractive orange coloration touches the highpoints and adds a little personality to the coinâ&#x20AC;&#x2122;s surfaces. (photo) Est. 600-800

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The Waldman Collection

1908 2.5 Dollars. AU. Bright with discernable wear on the Eagleâ&#x20AC;&#x2122;s wings on the reverse. An attractive and affordable type example that remains housed in an older green PCI holder graded as MS64. Est. 200-400

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1908 2.5 Dollars. AU. Briefly in and out of circulation with attractive even gold color and no major marks. A wonderful, eye appealing example that enhance any type album. (photo) Est. 200-400

1910 2.5 Dollars. NGC MS63. Untoned throughout and free of eye-distracting abrasions with moderate frost in the fields that produces attractive incandescent luster. The original mintage of 1910 Quarter Eagles, just short of 500,000, is in-line with many others in the series, but in terms of survival at the Select level, is certainly better, ranking as the fifth scarcest in the series. (photo) Est. 900-1,100

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1909 2.5 Dollars. NGC MS63. A slightly better date example with population figures that group it with the 1910 and 1912 dates in terms of availability. (photo) Est. 800-1000

1910 2.5 Dollars. XF. A pleasing circulated specimen with honest wear atop the fields and devices. No marks of any significance are noted. (photo) Est. 200-400

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1909 2.5 Dollars. AU. Orange-gold colored with a bare trace of friction on both side that defines the grade. (photo) Est. 200-400

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1911 2.5 Dollars. NGC MS63. In juxtaposition with its Denver Mint counterpart from the same year, 1911 Quarter Eagle production at the Philadelphia Mint represented the highest in the series at 704,191 coins. Resultingly, Philadelphia examples carrying the 1911 date are often acquired for type as specimens are easily obtainable through the Gem level. The present certainly qualifies as type-worthy, with even yellow-gold surfaces no major abrasions that individually draw the eyeâ&#x20AC;&#x2122;s ire. (photo) Est. 500-700

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August 31, 2011 - New York City

Select Key Date Issue

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1911-D 2.5 Dollars. NGC MS63. One of only three Denver-mint issues in the Indian Quarter Eagle series, the 1911-D stands far above other dates as the undisputed key. With a mintage of only 55,680 coins, the date dwarfs its siblings with the next scarcest issue in terms of mintage (and likely survival) being the 1914 with a mintage of 240,117 pieces. Because of its relative unavailability, the 1911-D is avidly collected at all grade levels. Select and finer specimens are truly scarce in the marketplace. The surfaces of the present example, like a majority of the surviving mintage, maintain bold luster in the fields and sharp detail within the incuse design. Unlike many survivors however, the mintmark, which is often weak, or even faint on many examples, remains strong and is easily apparent. For the collector endeavoring to collect a Select set or key-date collection, the current specimen is clearly compelling. (photo - enlarged) Est. 13,000-15,000

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The Waldman Collection

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1913 2.5 Dollars. NGC MS63. Set in attractive orange-gold with bold definition that clearly reveals every design detail down to the Indianâ&#x20AC;&#x2122;s headband. An incredibly scarce date at the Gem level; avidly collected at the more affordable Select level. (photo) Est. 500-700

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1911-D 2.5 Dollars. NGC AU58. A second example of this popular key date issue. Lightly circulated, the surfaces maintain a bright appearance with only minute softening, hidden to the unaided eye and ultimately defining the grade. The strike is boldly imparted in the centers, but like much of the surviving mintage, the peripheral mintmark is a trifle weak. Ideal for mid-level set inclusion. (photo - enlarged) Est. 4,000-5,000

1914-D 2.5 Dollars. PCGS MS63. A gorgeously presented example with dramatic yellow-orange toning that envelops the underlying surfaces. A slightly better date at the MS63 level, and one of only three D-mint issues in the Indian Quarter Eagle series. (photo) Est. 900-1,100

16 16

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1915 2.5 Dollars. PCGS MS63. Intricately detailed, with bright shimmering luster atop even orange-gold surfaces. Magnification reveals relatively few abrasions and certainly qualifies the present specimen at the high end of the Select grade level. (photo) Est. 500-700

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1925-D 2.5 Dollars. PCGS MS64. The final DMint issue of the Quarter Eagle series. This date saw a mintage just over half a million, and remains as the most available Denver issue. As a near-Gem however, the type remains highly prized, as the grade level doesnâ&#x20AC;&#x2122;t allow for many of the imperfections that are appropriate at the Select level. The current specimen, just a hair away from Gem, is bright orange-gold in appearance with coruscating luster that dances around the fields. A single mark on Libertyâ&#x20AC;&#x2122;s cheek and minor incompleteness in the centers may have precluded the coveted finer grade. (photo) Est. 700-900

19 19

1925-D 2.5 Dollars. PCGS MS63. Minor marks in the field to the left of the Indianâ&#x20AC;&#x2122;s head preclude the near-Gem level, but eye appeal remains strong due to the infusion of peach-copper color that varies in intensity across both sides. (photo) Est. 500-700

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1925-D 2.5 Dollars. Uncirculated. A bright well struck specimen with the typical slide marks that accompany this raised-field type. (photo) Est. 300-500

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1925-D 2.5 Dollars. PCGS MS63. Showcasing the eye appeal of the next grade level with no immediately identifiable contact marks or grade-diminishing flaws on either the obverse or reverse. Even honeygold color rounds out the appeal of this delightful Indian. Housed in an older green PCGS holder. (photo) Est. 500-700

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1926 2.5 Dollars. PCGS MS64. While the 1926 $2.5 realized only a middle-of-the-line mintage of 446,000 coins, the appearance of near-Gem specimens occurs with the second most frequency in the series. For that reason, the date is often collected for type. The present representative confirms what makes the date a desirable one, as the luster is thick on both sides and the strike is complete from the inside out. Central motifs that remain free of post-strike problems add to the appeal. (photo) Est. 700-900

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The Waldman Collection

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1926 2.5 Dollars. PCGS MS63. Boldly defined with hints of rose, sky-blue, and lilac that present themselves as a result of the copper alloy within the gold. A premium example that lacks the one or two focally apparent marks that often define the grade level. (photo) Est. 500-700

1927 2.5 Dollars. NGC MS63. Both sides are awash with attractive straw-gold color and thick luster that is characteristic of later date Quarter Eagles. The strike is uniformly well rendered on both sides with light marks of little visual significance. (photo) Est. 500-700

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1927 2.5 Dollars. NGC MS64. Frosty luster traverses the fields with pinpoint definition within the devices. Light golden coloration completes the appeal on this lovely near-Gem type example. (photo) Est. 700-900

P I N K

I V E

窶年

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1928 2.5 Dollars. PCGS MS64. A sharply executed example of this penultimately dated example in the series. Beyond the strike, the surfaces uphold the merits of the grade level with only light observances of coin to coin contact and vivid luster. The color also remains particularly appealing as orangegold and copper-gold intermingle to create wonderfully unique character. (photo) Est. 700-900

I S S

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1928 2.5 Dollars. NGC MS63. A borderline nearGem with surfaces that showcase an even honey-gold appearance and fewer instances of slide abrasions than are typical at the grade level. (photo) Est. 500-700

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1929 2.5 Dollars. NGC MS63. Thick luster traverses both sides with light marks that are scattered about. An attractive representative of the date that served as the bookend to the popular and widely collected Indian Quarter Eagle series. (photo) Est. 500-700

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1928 2.5 Dollars. Uncirculated Details, Polished. Bright from having been lightly polished in the past with several light marks in the fields. (photo) Est. 200-400

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1929 2.5 Dollars. PCGS MS62. Blushes of billowy copper color grace portions of both sides and along with booming luster, capture the eyeâ&#x20AC;&#x2122;s attention. While several light marks are apparent, the surfaces appear unusually well kept for the grade. Housed in a first-generation PCGS holder. (photo) Est. 400-600

28 28

1929 2.5 Dollars. PCGS MS64. Set in attractive bright orange-gold with striking detail that is admirably full. The surfaces, as the connoisseur surely demands from the grade level, maintain an appropriately lofty level of preservation, and no abrasions worthy of individual mention. The coin exhibits the sharpness that was surely intended from Bela Lyon Pratt. The final year of production for the Indian Quarter Eagle series, and for 2.5 dollar gold as a whole. (photo) Est. 700-900

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Proof Indian Quarter Eagles Timeless First-Year Matte Proof $2.5

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1908 Indian 2.5 Dollars. NGC PR67. Mintage: 236. At the behest of President Roosevelt, the nation’s coinage began a startling reform in 1907 with Bela Lyon Pratt, a heralded American sculptor, having been chosen to design the new Quarter Eagle and Half Eagle. While not executed until 1908, the result was a type that up till that time was a departure from all previous types - both obverse and reverse would depict an incuse design with an Indian on the obverse and an eagle on the reverse. 1908 also marked a departure from the norm with respect the proof production of this type. For the first time, the Mint would deviate from the production of brilliant proofs, and opt to produce proofs with a more granular appearance. The 1908 Quarter Eagle, produced with what is today considered to be a “matte” finish, is deeply granular in the fields with no definable contrast between the fields and incuse devices. The surfaces, largely free of luster, are uniform in appearance with a rich olive-gold appearance. As is often the case with matte proofs, the pebbly surfaces have done an admirable job of protecting the surfaces with immediate inspection yielding no major distractions. Magnified viewing confirms intricately detailed devices with pristine obverse surfaces. A couple of minuscule marks, essentially invisible to the eye, sit to the left of the eagle’s beak on the reverse and prevent finer certification. While all proof gold holds significant numismatic rarity importance, the present specimen deserves heightened attention, not only for its stellar overall presentation, but for its ushering in of a new numismatic type. For the collector that endeavors to accomplish a feat as admirable as that found inside The Waldman Collection, the present coin is undoubtedly the starting point. NGC Population: 28 in PR67, none finer. (photo) Est. 20,000-25,000

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Stunning “Roman Finish” Proof

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1909 2.5 Dollars. NGC PR65. Mintage: 139. A year after the introduction of the Indian Quarter Eagle series and the new Matte proof production techniques, the Mint made a change. Likely the result of collectors reacting to the polar change from mirrored proof production to essentially luster-void production; a “Roman” finish was introduced. Characteristics of striking was a compromise between the two types with satiny luster that often held a shallow proof-like gleam. As a result of the psychologically significant second-year slump in interest, and the aforementioned general collector dislike of the appearance of 1908-dated proofs, the mintage fell significantly in 1909 and today, certification data suggest that 1909-dated examples, despite a mintage that surpasses the 1914 and 1915 proofs, might indeed be the rarest date in the series. In fact, the change in production technique to a more “open” coin, as well as a spreading of the mintage to a perhaps less-educated collector group did result in the 1909 being “far and away the most difficult issue to find in PF-64 or higher grades, “according to Jeff Garrett and Ron Guth in their Encyclopedia of U.S. Gold Coins. The present Gem proof is an outstanding testament to the merits of this short-lived, but noteworthy change in striking technique. Unlike the previous year’s production, the intricate design detail is knife-like, and compromises nothing in terms of crispness. The surfaces possess a glow unlike that previously seen, and they illuminate the eye when rotated under a light. While no marks of great significance are present, a couple of pinpoint ticks are noted in front of the Indian’s nose on the obverse. The nearly microscopic accompaniment of wispy handling marks is evident upon concentrated inspection and further defines the grade. Truly a beautiful specimen and an opportunity of epic proportion for the specialist. NGC Population: 10 in PR65, 7 finer. (photo) Est. 25,000-30,000

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Gleaming Gem Proof Indian Quarter Eagle

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1910 2.5 Dollars. NGC PR65. Mintage: 682. A mintage of 682 coins suggests the date as the most plentiful in the proof series, but it is more than likely that many of these coins went unsold and were eventually melted. If fact, population data suggest that the 1910 proof is the second most available date, with the 1908, even with a mintage nearly 1/3rd the amount, appearing more often on the market. For the reason that the 1908 date is generally darker in color, the 1910, often accompanied by bright yellow-gold color and the attractive “Roman” finish, is often the collector’s choice for type representation. The current Gem fully upholds the character of this two-year “Roman” type with satiny texture in the fields that allows for a more fluid luster than that found on the matte type. As is often the case with examples of this finish, inspection with a loupe reveals minor wispy handling in the reverse fields that aren’t readily visible, but prevent a finer grade. The obverse, nicer than the reverse, only holds microscopic imperfections. As is typical of the “Roman” type, the strike showcases knife-like sharpness with full definition down to the most intricate detail. In all, a gorgeous and scarce example of this much sought-after coin. NGC Population: 25 in PR65, 43 finer. (photo) Est. 15,000-18,000

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Pristine 1911 Proof $2.5, NGC PR68

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1911 2.5 Dollars. NGC PR68. Mintage: 191. After a brief departure to the experimental proof “Roman” finish Quarter Eagles in 1909 and 1910, the Mint returned to the matte finish in 1911. While not often as dark, the date, much like the 1908 proof, is often encountered with a color that skews towards an olive or brown-gold hue. The surfaces however appear coarser than the previous archetype with texture comparable to sandpaper. The present coin, unlike most examples of the date, is set in gorgeous bright yellow-gold, with the customary matte texture within the fields and devices that emit above-average sparkle. As a result of the matte proof production process, some design detail is necessarily incomplete with the Indian’s headdress and the eagle’s breast feathers being areas worthy of particular mention. Inspection with a loupe finds only essentially unperceptible grazes that are viewable at sharp angles beneath a light. As one might be able to anticipate from the stratospheric condition of the present example, similar offerings at auction are truly rare events. When taking all into context, considering that only 191 examples of this date were originally coined, then factoring in an attrition rate that is likely around 20-30 coins, and finally taking into account the unsurpassable condition and eyeappeal that exists within the present proof, one must consider it among the more important single coins in the entire series. An example worthy of the finest Quarter Eagle collection. NGC Population: 12 in PR68, none finer. (photo) Est. 40,000-50,000

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Seldom Rivaled Premium Gem Proof

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1912 2.5 Dollars. NGC PR66. Mintage: 197. Apparently difficult to replicate, the matte surfaces of all proof Indian Quarter Eagles varied with every new issue. The 1912-dated proofs are no exception, and may rank as the most visually stunning in the series. Upon magnified inspection, a fine sandblast texture becomes apparent with all of the granular facets brilliantly refracting the light. The color is typical of most matte proof coinage and is classicly described as mustard-yellow. As is the case with most of the series, the population of survivors appears to be considerably less than the mintage would suggest with the major certification services having only graded 81 examples to date and a hypothesized population around 100. The current premium Gem, as is often the case of the date, was carefully handled after minting and remains nicely preserved. While not quite to the extent of the 1908-dated coins, close inspection yields some loss of the central detail as a result of the production technique. The obverse surfaces, are refreshingly clean and as near flawless as possible. The reverse, defining the grade, has several thin grazes that originate near STATES and move towards the eagleâ&#x20AC;&#x2122;s beak. A delightful specimen that is rarely available in any grade. NGC Population: 24 in PR66, 10 finer. (photo) Est. 20,000-25,000

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1913 2.5 Dollars. NGC PR66. Mintage: 165. The surfaces of the 1913 matte proof Quarter Eagle often compare similarly to the previous yearâ&#x20AC;&#x2122;s issue, with fields that consist of sandblast-like granularity and result in an attractive satin appearance. Also similar to the 1912 proof issue, the survival appears to be less than 100 with population data yielding 81 examples for 1912 and 90 for 1913 proof. Survivors are generally well cared for. This premium Gem example is characteristic of the date with the surfaces that are confirmed as micro-granular with the aid of magnification. Aside from a couple fine grazes at the truncation of the Indianâ&#x20AC;&#x2122;s neck, the obverse is essentially pristine, as the incuse devices are well struck with elaborately detailed devices. The reverse is similar in definition, with typical evidence of minuscule wispy contact in the raised fields that defines the grade. Attractive yellow-gold color completes the appeal. An ideal example for type that maintains exemplary presentation. NGC Population: 26 in PR66, 14 finer. (photo) Est. 20,000-25,000

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Low-Mintage Superb Gem 1914 Quarter Eagle Proof

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1914 2.5 Dollars. NGC PR67. Mintage: 117. Among the rarest of the proof Indian Quarter Eagle series, the 1914 only surpasses the 1915 in terms of mintage. Perhaps 1909 and 1915 dated examples are the only rivals in terms of survival rarity, with the presumed population for the 1914 date somewhere in the 70 to 90 range. Examples typically exist with a sandblast finish that is coarse, and has a slightly darker color. Unlike other dates that were well cared for poststriking, the overwhelming majority of examples certified exist at the near-Gem and Gem level. Upon close inspection of the present Superb Proof example, one can easily classify it as an anomaly that doesn’t match the characteristics of the majority. The texture of the fields appears more satiny than sandblast and as a result, the intricate detail loses minimal crispness. The color, while darker than the previous year, in no way compares to the often maligned 1908 date and in actually is very attractive. The surface quality, in contrast with the majority, is what makes the present example truly remarkable, as it is visually pristine. Overall, a special coin that is worthy of the often over-used, but rarely appropriate “breathtaking” descriptor. NGC Population: 12 in PR67, 4 finer. (photo) Est. 25,000-30,000

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The Waldman Collection

Three Dollar Gold

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1854 3 Dollars. NGC MS61. The Act of February 21, 1853 set the stage for the production of the three dollar gold piece, and the following year saw a Philadelphia Mint coining 138,618 examples with branch mint production at the Dahlonega and New Orleans Mints. The current specimen, highly desired by first-year type collectors, maintains fully detailed surfaces with luster that is primarily frosted, but contains hints of prooflike gleam along portions of the obverse legends. A premium example that would not look out of place as a higher graded specimen. (photo) Est. 1,500-1,800

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1854 3 Dollars. XF. A nicely detailed first-year example with bits of luster along the peripheries and considerable detail left in the devices. Interestingly, the world â&#x20AC;&#x153;DOLLARSâ&#x20AC;? on the reverse is larger on the $3 gold pieces minted from 1855-1889, making 1854 an easily distinguishable single-year design. (photo) Est. 300-500

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1880 3 Dollars. NGC MS62. Mintage: 1,036. The three dollar gold piece largely proved to be an unpopular denomination, and relatively few saw heavy circulation. In response to this lack of acceptance, the Mint, after several attempts at pushing the denomination to the masses, admitted failure with dwindling mintages during the last decade of production that saw no annual mintage in excess of 6,500 examples. Today, because of its odd-ball domination, low mintage figures, heavy use in jewelry, and melting, many dates remain quite scarce, with an associated allure to the series that is seldom rivaled in American numismatics. The present example, coined within the final decade of reduced strikings, saw a mintage that just eclipsed 1,000 coins, with survivors likely numbering around 350. Like many of the undamaged survivors, the present example maintains strong prooflikeness in the fields as a result of the use of fresh dies. The strike on this example is fully imparted, with completeness in the reverse wreath where crispness is often lacking. Splashes of attractive orange-gold patina adorn both sides and rounds out the superb eye appeal. An ideal specimen for the high-end type collector, and a seldom-offered date for the specialist endeavoring to assemble a set. (photo - enlarged) Est. 4,000-5,000

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Early Half Eagles Mint State Capped Bust $5

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1812 “Close 5” 5 Dollars. NGC MS60. Breen-6465, BD-2, R.4. Mintage: 55,087. The 1812 Capped Bust Left Half Eagle, the final year of the type, employed the usage of two reverse dies and a single obverse die. The reverse dies, easily distinguishable from each other, show a significant variance in the spacing between the “5” and “D.” in the denomination, creating a “Close 5” and “Wide 5” variety. The present specimen, the scarcer of the two, shows the closer spacing that is further identified by the placement of the I in PLURIBUS underneath the right side of the T is STATES. Close inspection of the present mint state example reveals a strong strike that is complete in all areas except for a small area around 9 o’clock on the obverse where planchet striations (as-made) still reside and the stars show some central softness. As the grade suggests, some scuffiness is present in the fields, but no large marks individually deter the eye appeal or impede the luster. Magnification further confirms the designation as no wear is identifiable. The specialist will undoubtedly recognize the scarcity and desirability of early gold at any level of mint state, making this specimen a relatively affordable way for the enthusiast to obtain a wonderfully preserved example of this early American gold type. (photo enlarged) Est. 6,000-8,000

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The Waldman Collection

Liberty Half Eagles

Indian Half Eagles

1899 5 Dollars. PCGS MS62. Well struck with sharply defined device detail on both sides, and bright luster in the fields. An affordable example that will surely be attractive to the budgeted type collector or investor. Housed in an first-generation PCGS holder. (photo) Est. 400-600

1908 Indian 5 Dollars. NGC MS61. Appealing for the grade, with surfaces that hold full detail and only minor unobtrusive marks. A first-year issue of this desirable type. (photo) Est. 500-700

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1900 5 Dollars. Uncirculated. A lovely turn of the century example with a strike that remains just short of full and bright honey-gold color in the fields. Light marks on Libertyâ&#x20AC;&#x2122;s portrait prevent a Select designation. (photo) Est. 300-500

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1908 Liberty 5 Dollars. PCGS MS63. Flashy luster rotates the devices on this final year Coronet Half Eagle. While not uncommon below the premium Gem level, the present is more than acceptable as a type example, with eye appeal comparable to coins often encountered at the near-Gem grade. Housed in an early green PCGS holder. (photo) Est. 600-800

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1908 Indian 5 Dollars. Choice AU. While certified by PCI at the MS64 level, closer inspection seems to indicate that this coin is a high-end AU example with a delicate wisp of friction on the raised fields that would prevent an Uncirculated classification by one of the major grading services. Still, a nice problem-free example that is void of major marks. (photo) Est. 300-500

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1908-D Indian 5 Dollars. NGC MS64. Because of the beautiful Bela Lyon Pratt rendition of an Indian, the attractive size of the five dollar denomination, as well as the scarcity of many of the issues, the Indian Quarter Eagle series is among the most avidly sought types in numismatics, by collectors and noncollectors alike. In near-Gem condition, these factors are only amplified, as one might say that the nearGem level is the apex of collectibility for the the type - maintaining superior eye appeal while still being affordable. As the grade suggests, the surfaces of this D-Mint near-Gem remain wonderfully preserved, with notable intricacy in the strike, and glittery luster in the fields. The combination of vibrant orangegold color and limited marks add to the appeal, and qualify the present example as premium for the grade level. (photo) Est. 2,000-2,500

1909 5 Dollars. NGC MS63. An eye-appealing Select specimen with even light golden surfaces that sparkle as a result of fine granularly in the fields. A wonderful representative for the type collector, as only trivial scuffiness is apparent even with the aid of magnification. (photo) Est. 1,100-1,300

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1909-D 5 Dollars. PCGS MS63. Exceptionally well struck for the Indian Five types with shimmering satin luster that encircles the obverse and reverse central design. A dearth of contact marks confirms premium quality, and should draw attention as an upgrade candidate. Housed in an older green PCGS holder. (photo) Est. 1,000-1,200

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1908-D Indian 5 Dollars. NGC MS64. Relatively obtainable in low mint state grades, the 1908-D Quarter Eagle becomes quite scarce at the near-Gem level, and downright rare and expensive (a significant five-figure coin) at the Gem grade. The present Five, one of 148,000 coined at the Denver Mint that year, is bright, with vivid luster that swirls around the fields. Abrasions are far fewer than is typical for the type, with only minor field contact that fails to limit the underlying eye appeal. A wonderful example from this broadly collected series. (photo) Est. 2,000-2,500

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1909-D 5 Dollars. PCGS MS62. The most plentiful date in the series, the 1909-D had a mintage of 3,423,560 - over 2 million more than the next most plentiful date. Satiny luster adorns both sides with fiery orange-gold sitting atop honey colored golden surfaces. A lack of marks on the obverse suggests a finer grade. Housed in a first-generation PCGS holder. (photo) Est. 600-800

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1910 5 Dollars. NGC MS63. While considered a common date with a mintage of 604,250, on the relative basis, no Indian Half Eagle is common, with the census data for the date revealing increasing scarcity at MS63 level and above. As is typical of early Philadelphia Mint issues, the surfaces are finely granular resulting in an enchanting sparkling luster in the fields. Light marks, that are acceptable for the Select grade, reside in the fields, but don’t significantly attract the eye’s attention. (photo) Est. 1,300-1,500

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1911 5 Dollars. AU Details, Cleaned. Bright from a past cleaning with nearly full detail remaining. An affordable example for type inclusion. (photo) Est. 300-500

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1910-D 5 Dollars. NGC MS63. From an original mintage of 193,600, this Select D-Mint example is considered better at any level, with only a few hundred examples to satisfy collector demand at the MS63 level, and just over 60 finer. Evidently handled carefully though the ages, the present example shows only minor luster grazes, primarily on the reverse, and undeniably original rose and light blue coloration that sporadically touches the surfaces. A seemingly underappreciated date at the Select level given the total population of survivors for the date and number of examples obtainable in higher grades. (photo) Est. 2,000-2,500

1911 5 Dollars. PCGS MS63. Considered a common date, with a mintage near one million, and as a result it is frequently sought-after date for type inclusion. Close inspection confirms the dates worthiness as such, with meticulous striking detail that defines all the eagle’s feathers right out to the oftenmushy tips, and boldly lustrous fields with only slight evidence of contact. Bold eye-catching apricot-gold patina touches portions of both sides and, completes the appeal, confirming this example as premium for the grade level. (photo) Est. 1,100-1,300

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1911-S 5 Dollars. PCGS MS63. The mintage of 1,416,000, the second highest in the series, suggest a common date, but population data confirms otherwise; much of the original mintage liking saw heavy melting in the 1930s. As a result, most examples now reside at the About Uncirculated to lower Mint State level. Select examples are extremely scarce, with PCGS only having graded 186 at the MS63 grade and only 27 finer. Factor in resubmissions, and both those numbers are reduced further. The current specimen typifies the Select grade level, with even and attractive golden color, a strike that nears complete, vibrant luster than dances around the central devices, and only light flyspeck marks. A wonderful opportunity for the specialist that desires to accomplish the admirable task of set completion. (photo) Est. 3,500-4,000 58 58

57 57

1912 5 Dollars. PCGS MS63. A desirable type example from this demanded series, with appealing swaths of rich orange-gold patina over typically abraded surfaces. The strike is impressively rendered, with intricate detail in the Indian’s headdress, as well as in the reverse Indian’s feathers. Light marks, none of singular significance, define the grade. (photo) Est. 1,200-1,400

1912-S 5 Dollars. NGC MS62. While the original mintage of 392,000 coins seems to suggest ready availability, even circulated examples of this S-Mint date aren’t among the most common in the series with Mint State examples being tough at any level, and truly rare at the Select grade and above. The present example, an unquestionably original specimen, holds the appearance of a coin that was stored in bank vaults for decades, only to obtain a “dirty” gold look with minor patches of soot-colored settlements over both the obverse and reverse fields. The strike, often incomplete, is well defined through the Indian’s headdress and reverse Indian’s feathers, and confirms the Uncirculated designation. (photo - enlarged) Est. 4,000-5,000

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1913 5 Dollars. PCGS MS63. A phenomenally appealing Select Five, with lightly marked surfaces that present light but noticeable rose and sky-blue toning at sporadic intervals. For the lover of originality in the form of nicely toned gold, the present example speaks loudly. (photo) Est. 1,300-1,500

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Challenging S-Mint Near-Gem

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1913-S 5 Dollars. PCGS MS64. Much like many of the San Francisco Indian Half Eagle’s, the attrition rate for the 1913-S Five was particularly high making Uncirculated specimens a key to the series in any grade. Near-Gems, such as the present coin, are truly rare items with around 20 extant. Only three or four Gems have survived with two specimens having been graded at that level by PCGS; one MS65 and one MS66. The present example, much like many of the others that survive at the Mint State level, confirms that the date was fairly well produced. The strike is above-average for the type, with superior central definition. The mintmark, often seen as a “blob”, reveals some central definition. Luster, often seen as a lacking attribute of the date, is perhaps the most recognizable attribute of this near-Gem as an abundance of flash carries the breathtaking orange-gold patina to the viewer’s eye. Minor evidence of contact is of little deterrence. A highly collectible item that has withstood the lessening of rarity that time often reveals. For the collector attempting to assemble a world class cabinet of Indian Fives, the current specimen should be of the greatest interest, as a PCGS-graded MS65 has not surfaced at auction in recent times, and the MS66 sold earlier this year for a staggering $218,500. PCGS Population 14 in 64, 2 finer. (photo) Est. 20,000-25,000

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61 61

1914 5 Dollars. NGC MS64. Highly collectible at the near-Gem level, Gems of the date, as is the case with most dates in the series, are rarely encountered, and carry a significant five-figure price tag when they are available. This example, apparently falling just a hair short, holds many if not most of the attributes of a full Gem as intense inspection yields very few marks, copious coruscating luster in the fields, and impeccable striking detail. Certainly a premium quality example, that is worthy of careful bidding consideration. (photo) Est. 2,500-3,000

63 62 62

1914-D 5 Dollars. PCGS MS63. A slightly better branch mint date with a middling mintage of 247,000 and a distinct orange-gold color punctuated by lovely patches of sky-blue patina over portions of both sides. The strike is notably full, with completeness evident through the centers, and edges that show similar definition. Light grazes, as is typical of this raised, flat field type, are evident upon close inspection, and preclude the near-Gem level. (photo) Est. 1,600-1,900

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1914-S 5 Dollars. PCGS MS62. Like all San Francisco Half Eagles, the 1914-S Five is fairly obtainable at the circulated level with increasing scarcity and demand at the uncirculated level. MS63 S-Mint Half Eagles are extremely scarce. The 1914-S is no different, with a precipitous drop in third-party certification between the MS62 and MS63 level. Upon close inspection of the present specimen, a case can certainly be made that establishes quality approaching that lofty Select level. The eye is drawn to bright orange-gold color that blends with a delightful mixture of crimson patina around the edges. Inspection with a loupe confirms near-complete strike with far aboveaverage fields and shimmering luster due to fine pebbly surfaces and central devices that show light contact here and there. For the collector looking to assemble a complete set, or who is simply aiming to acquire as many nice coins as possible, the present example is most certainly worthy of careful consideration. (photo - enlarged) Est. 4,000-5,000

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64 64

1915 5 Dollars. NGC MS63. In addition to an interesting infusion of reddish-orange and orange-gold patina that drifts over both sides, shimmering luster serves to further enrich the eye appeal. Fewer marks than is typical for the grade qualifying this Half Eagle as high-end, and optimal for inclusion in a type set. (photo) Est. 1,300-1,500

65 1916-S 5 Dollars. PCGS MS63. From a mintage of 240,000, Select examples of this San Francisco Mint product are scarce, and infrequently appear on the marketplace. For the advanced collector of Half Eagles, the current specimen should be particularly appealing, as an unique blend of green and orangegold patination touches the surfaces that, even upon inspection with a loupe, showcase much fewer abrasions than the grade often allows for. Soft luster, while not unnaturally shallow, seems to have at least played a part in preventing the near-Gem designation from PCGS. At any rate, seldom are finer examples offered, and one should expect competitive bidding. (photo - enlarged) Est. 4,000-5,000

E L E P H O N E

I D D I N G

As an added convenience to our bidders in the sale, we offer telephone bidding during the auction which gives buyers the flexibility they may need to increase their bids as the auction proceeds. Please call our offices (800-556-7826 or 972-788-2100) to arrange for telephone bidding prior to the sale and ask for Patricia Gardner or Emily Cowin.

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Rare Date Near-Gem Half Eagle

66 66

1929 5 Dollars. PCGS MS64. The 1929 Half Eagle was the only date issued in the 1920s, and while the mintage of 662,000 coins suggests a plentiful surviving population, most of the original mintage remained in government vaults. When Roosevelt took the United States off the gold standard in the 1930s, most examples were melted. As a result, most of the several hundred survivors, including some that were likely supplied directly to collectors, remain in near or in Uncirculated condition. Unlike many of the other issues of the series, the 1929 Five holds creamy luster as opposed to the pebbly satin luster that many of the earlier dates retain. As a result, it can also be argued that this series key is most ideal for type representation. As one might expect from the grade, the surfaces of the current example provide the observer with a premium quality appeal. Even upon close inspection, few distractions are visible, with only minor evidence of coin to coin contact in the fields. Vibrant orange patina is visible atop both sides, with underlying orange-gold surfaces. The strike is essentially full. Two small brown specs of debris which are visible on the Indianâ&#x20AC;&#x2122;s chin and upper jaw bone serve as pedigree markers. For the collector looking to punctuate their Half Eagle set, or obtain a storied coin that signals the end of an era, the importance of this offering can hardly be overestimated. PCGS Population: 97 in 64, 8 finer. (photo) Est. 30,000-35,000

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Liberty Eagles

69 67 67

1847-O 10 Dollars. NGC AU55. ex. SS Republic. Luminous yellow-gold coloration adorns this lightly worn shipwreck recovery Ten, and the strike shows only trivial incompleteness, primarily visible in the centers of star 13 on the obverse. A fantastic relic that should aid in the storytelling of this legendary sidewheel steamship that was lost off the coast of Georgia in 1854 en route to New Orleans. Accompanied by a Odyssey Marine Exploration presentation box and certificate of authenticity. (photo) Est. 800-1,000

1870 10 Dollars. PCGS XF40. From a mintage of only 4,025 coins, the 1870 Ten remains scarce in all grades, with a surviving population that likely sits below 200 coins. The present, fully original specimen, maintains an above-average look for the grade, with flashes of prooflike reflectivity around the legends and a notably intricate strike that should please even the most demanding collector. Marks, while present, are the result of honest circulation, with no individual abrasion standing out as bothersome. Housed in an older green PCGS holder. (photo) Est. 1,300-1,500

70 68 68

1850 “Small Date” 10 Dollars. PCGS XF45. A lovely early dated Liberty Ten with significant luster that clings to the protected areas and a well-blended array of abrasions that is typical of the grade level. Housed in an early green PCGS holder. (photo) Est. 800-1,000

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1901 10 Dollars. PCGS MS63. Well struck with all the obverse’s peripheral stars showing bold definition to the center points as well as sharp central detail. Minimal contact marks and bright luster seems to support a higher grade level. Housed in an older green PCGS holder. (photo) Est. 800-1,000

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71 71

1901 10 Dollars. PCGS MS62. Granular surfaces create thick frosty luster with little evidence of contact that would prevent the Select level. Premium quality for the grade, and ideal for type inclusion. Housed in a first-generation PCGS holder. (photo) Est. 700-900

1908 No Motto 10 Dollars. Uncirculated Details, Lightly Cleaned - Rims Filed. More than adequate as a type representative with light hairlines that slightly brighten the surfaces and lower obverse rims that, with the aid of magnification, reveal minor filing. (photo) Est. 500-700

Indian Eagles

72 72

1907 No Motto Indian 10 Dollars. PCGS MS63. Vivid orange-gold color graces the centers of this first-year of type issue with legends that remain yellow-gold in appearance. Not particularly scarce as a date in high grades, but always in high demand. (photo) Est. 2,000-2,500

I D D I N G

S S I S T A N C E

A number of our most successful bidders telephone us prior to our auctions to ask for bidding advice, opening bids and for pre-sale estimates on selected lots. We welcome your call to answer any questions you have or to help you in preparing your bids. Please ask for Stephen Goldsmith for currency; Matt Orsini for coins; and Robert Litzenberger for autographs and stocks & bonds. 972-788-2100 or 800-556-7826. Page 35

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The Waldman Collection

Exceptional “No Motto” Ten

74 74

1908-D No Motto 10 Dollars. PCGS MS64. From a mintage of 210,000, the Denver Mint representative of this two-year “No Motto” type is considered relatively unavailable at all Mint State levels with examples without significant marks being extremely scarce. Few, such as the current example, merit near-Gem designation, with numerous “freak” examples existing at and above the Gem level, possibly suggesting immediate placement in early 20th century collections. Inspection of this Eagle confirms the elevated grade with satiny orange-gold fields that convey micro-granularity. The strike, while short of full, is rather impressive with detail in the reverse eagle’s feathers showing much crisper than is typical. Sharp marks, as are commonly seen on the type, remain refreshingly absent and result in an overall high-end appeal. An endlessly demanded example that would immediately enhance any cabinet by its inclusion. PCGS Population: 36 in 64, 7 finer. (photo - enlarged) Est. 11,000-13,000

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75 75

1908 Motto 10 Dollars. NGC MS63. A slightly better date in the series with above-average luster that circles the design and a reasonably well executed strike that only reveals minor incompleteness on the reverse eagle. A premium quality example for the Select tier, and sure to be pursued for by both type collectors and series specialists. (photo) Est. 2,000-2,500

77 77

1910 10 Dollars. PCGS MS63. A prototypical example of the type with admirable definition in the design characteristics and gleaming luster in the fields. The absence of major marks confirms a highend eye appeal. (photo) Est. 900-1,100

78 78

1910-D 10 Dollars. NGC MS63. Granular surfaces exist within fields that exhibit much fewer obverse contact marks than is typical for the grade level. While not a significant concern, several marks are noted behind the eagleâ&#x20AC;&#x2122;s head on the reverse and can be cited as the primary reason why a higher grade was not assigned. (photo) Est. 800-1,000

76 76

1908-D Motto 10 Dollars. PCGS MS63. While the mintage of this date was fairly substantial at 836,500, population data suggests mass melting of the date with the remaining survivors having been largely mishandled, as few examples have made the Select grade or finer. This present Indian Ten is surely among the finer Select examples existent with no evidence of significant contact marks on either side and only minor well-spaced ticks that do little to diminish the look. Vivid orange-gold further helps to define the eye appeal with mild granularity in the fields. (photo - enlarged) Est. 4,500-5,500

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Seldom Finer 1910-S Eagle

80 80

79 79

1910-S 10 Dollars. PCGS MS63. As is the case with nearly all San Francisco Mint Indian Tens, Uncirculated examples are highly sought-after and relatively few meet the standards of the tier. The quality inherent in this Select specimen is rarely observed with luster that swirls around the fields, and exhibits a yellow-gold base with apricot-gold highlights. The strike, as is common on this date, shows some softness, but not to a worrisome level. Challenging at this grade with only 31 finer graded examples by PCGS. (photo - enlarged) Est. 5,500-6,500

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1911 10 Dollars. PCGS MS63. Well struck with even color and frosty luster throughout. The date, one of the most frequently available at the Select level and above, is often collected for type because of its “value” when compared to the 1926 and 1932 dates that command similar amounts, but have certified populations multiples higher than the 1911 date. (photo) Est. 700-900

81 81

1912 10 Dollars. NGC MS64. A slightly better date in the Indian Ten series and as such, highly demanded at the near-Gem level with supply that seldom meets demand. The surfaces of the present example fully conform to near-Gem standards. Vibrant orange-gold enhances the eye appeal, the design is beautifully rendered as a result of a strong strike, and several minor marks, mostly confined to Liberty’s cheek, define the grade level. (photo) Est. 2,000-2,500

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Stunning Select $10

83 83

82 82

1912-S 10 Dollars. PCGS MS63. A magnificent coin for many reasons. Not only are nice S-Mint Indian Tens from the teens tough to find at the Select level, but the current specimen is particularly attractive. A natural blend of apricot patina on both sides gives the piece immediate eye presence. Further inspection confirms sparkling luster results from finely granular surfaces with light wispy marks that are commenserate with the grade. Given the overall quality and the infrequency with which finer designated examples are encountered, one would expect to see fierce competition for this jewel. (photo - enlarged) Est. 5,000-6,000

1913 10 Dollars. PCGS MS64. Pebbly luster illuminates the fields with sharp definition on the central motifs, and relatively few marks on either side are evident even upon close inspection. A high-end, primarily yellow-gold representative of a slightly better date at the near-Gem grade. (photo) Est. 1,800-2,000

1914 10 Dollars. PCGS MS64. Vibrant canaryyellow patina blankets both sides of this near-Gem Ten with undulating orange-peel texture in the fields that creates an alluring luster. As is often the case, short marks on Libertyâ&#x20AC;&#x2122;s cheek and in the left obverse field account for the grade. A better date at the Mint State level, and particularly scarce at the next level. Housed in an early green PCGS holder. (photo) Est. 3,500-4,000

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Prohibitive Premium Gem Ten

85 85

1914-D 10 Dollars. PCGS MS63. Most often available at lower mint state levels, Select and nearGem examples of this Denver Mint issue rarely meet Gem standards. The current example, solidly within the Select level, presents an interesting original array of patina with the reverse showcasing a beautiful palette of sunset-orange coloration while the obverse is composed of more subtle yellow-gold color. Mattelike surfaces disguise many of the marks that would otherwise be apparent. (photo) Est. 1,700-1,900

87 87

86 86

1915 10 Dollars. PCGS MS63. Exceptionally fresh for the grade, with shimmering luster on both sides and few marks that impede the eyeâ&#x20AC;&#x2122;s observance of the obverse surfaces. Bright orange-gold color bolsters the appearance with traces of apricot-gold patina that confirms originality. (photo) Est. 1,400-1,600

O T

1926 10 Dollars. NGC MS66. Next to the 1907 and 1932 Indian Tens, the 1926 Eagle is the most commonly found example at the MS66 level with only 54 examples to date having merited the designation at NGC. Inspection of this premium Gem confirms the reason for such a lofty grade as vivid orange-gold engulfs the surfaces and there is notably defined striking detail on both sides. As the grade suggests, evidence of contact is extremely limited, with a few light ticks gracing the central motifs, none being of overwhelming focal significance. A wonderful opportunity to obtain a date that often sells for essentially type price, but in actuality is much rarer. (photo - enlarged) Est. 5,000-6,000

E T T L E M E N T

Buyers may pick up their purchases at the conclusion of each session or contact Patricia Gardner. (212-262-8400 or 972-788-2100)

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Frosty 1932 $10, NGC MS66

88 88

1926 10 Dollars. PCGS MS62. Appropriate for type inclusion with dappled bright orange-gold patina atop nicely struck surfaces. Contact is fairly minimal for the grade with several minor marks in the left obverse field and on the Indianâ&#x20AC;&#x2122;s portrait. Housed in a first-generation PCGS holder. (photo) Est. 700-900

89 89

1932 10 Dollars. NGC MS66. Because of the typical accompaniment of thick frosty luster, later date Indian Tens, such as the present, are often chosen for type inclusion; even Gem examples qualifying as plentiful. Premium Gems however, are much scarcer, with relatively few survivors being capable of avoiding the sharp contact marks that often accompany the surfaces. The present example however has managed to avoid nearly all such afflictions, and the resulting unimpeded luster refreshes the eye. Further inspection yields soft undulations in the gold tone confirming originality and enhancing the eye appeal. (photo - enlarged) Est. 5,000-6,000

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Liberty Double Eagles First Year “In God We Trust” Type

90 90

1866-S Motto 20 Dollars. NGC MS61. As the realization of Manifest Destiny began to take hold, the United States responded to the western move by expanding its coin minting capabilities to the rising outposts of New Orleans and San Francisco. By the late 1850s, both mints had been fully established and were striking the majority of the nation’s large gold coins. The 1860s brought forth another change which had yet to be addressed - the role of God in the context of the country. Beginning in the early 1860s, pattern coinage started to emerge with varying references to God such as “God Our Trust” and “In God We Trust”. In 1864 the 2-cent coin officially debuted the “In God We Trust” motto, and the following year, legislation was passed to insure it’s inclusion on all but the nation’s smallest coins where the size wouldn’t allow for inclusion. For the Double Eagles, 1866 marked the first year of the Type Two “with motto” production with the San Francisco Mint striking 842,250 coins. As a result of heavy usage and significant attrition during gold spikes, examples of this first-year type today remain scarce with only a little over 1,100 examples having been certified by the two major firms. When encountered, examples typically fall in the VF to XF range, with AU examples being rare. Mint State speciments are extremely prohibitive with nearly all certified examples existing at the MS61 level. The current example, falling within the truly rare Unciruclated tier is sharply defined for the date with attractive golden color on both sides. As is common on the grade, luster grazes and central marks are numerous, but limit themselves in severity. The reverse deserves a split grade with the appearance of a higher grade. In all, this coin exists as a wonderful transitional issue that calls represents the genisis of a motto that this country holds dear till this day. A true piece of American and numismatic history and trophy for the collector. NGC Population: 18 in MS61, 3 finer. (photo - enlarged) Est. 16,000-18,000

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91 91

1867 20 Dollars. NGC MS61. While the MS61 grade level often suggest limited eye appeal, such is far from the case with this Type Two Double Eagle. The surfaces, while evenly marked, are set in bright yellow-gold with astounding effulgence in the fields resulting from even semiprooflikeness. Lightly cameoed devices even further increase the eye appeal, with admirable definition remaining in the strike. An underrated and scarce, relatively low-mintage date that is worthy of significant admiration. (photo) Est. 4,500-5,500

92 92

1867-S 20 Dollars. NGC AU58. 1867 marked the second year that the now unmistakable â&#x20AC;&#x153;In God We Trustâ&#x20AC;? motto graced American coinage with the San Francisco producing 920,750 that year. That mintage, certainly a significant amount, is all but gone today as periods of mass meltings have reduced the total survivors to perhaps around 2,500 with a total certified population around 1,400. Because of the integral role these large gold coins played in the expanding commerce, and their distribution methods, the majority of examples are observed between XF and AU grades. Nearly all examples are heavily marked. The current example, at the top of the AU level, reveals fewer marks than is typical with even placement on the surfaces. Friction is present, but is minimal as the grade requires. For the collector, this Twenty should hold added significance due to the rarity at the Mint State level - with only 32 examples having been certified at both services, the AU58 grade without doubt holds considerable importance. (photo) Est. 5,000-6,000

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93 93

1868-S 20 Dollars. NGC AU58. As was the case for nearly all San Francisco gold, even when the coins avoided long periods of circulation, large abrasions would come to accompany the surfaces, largely due to the relatively unsophisticated method of distribution that was a part of life in the early west. This Twenty, in many ways similar to all but a handful of â&#x20AC;&#x153;with mottoâ&#x20AC;? S-Mint dates, is heavily abraded with most evidence of contact remaining on the obverse central portrait. Unlike many survivors however, highpoint friction is difficult to discern with lambent luster that is uniformly spread adding to the eye appeal. A fantastic opportunity for the specialist that will surely realize the rarity of the date at the Mint State level and the closeness of the present to just that. (photo) Est. 3,500-4,000

W W W

. S

P I N K

M Y T H E

C O M

Spink Smythe can be found on the Internet at www.spinksmythe.com. On our easy to use website, clients can view our current catalog (including all photographs in color), e-mail bids directly to us, view upcoming events and obtain prices realized for our most recently concluded auctions. Additionally, potential consignors will find detailed information regarding the financial advantages of selling their collectibles through Spink Smythe.

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Attractive Mint State Type Two Twenty

94 94

1869-S 20 Dollars. NGC MS61. Due to heavy usage in west coast commerce as well as considerable melting throughout the years, the 1869-S Double Eagle is considered extremely scarce within the â&#x20AC;&#x153;Motto - Twenty D.â&#x20AC;? type. Generally available in AU grades and below, the date remains prohibitively absent in Mint State. The present premium quality example, easily eclipsing the Uncirculated hurdle, conveys bright orange-gold surfaces on both sides with impressive flashiness in the fields. The strike is average for the date and while mostly brought up, shows a modicum of incompleteness in the obverse stars. Less abrasions than are typical grace the surfaces, placing the coin at the top end of the tier. Like many of the examples within The Waldman Collection, the present representative calls out to the specialist, as finer examples are not only exceptionally rare, but also significantly more expensive. NGC Population: 28 in MS61, 12 finer. (photo - enlarged) Est. 8,000-10,000

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Breathtaking Select Double Eagle

95 95

1870 20 Dollars. NGC MS63. Similar to many of the early Type Two Liberty Twenties, the 1870 Philadelphia Mint Double Eagle, when encountered at all, is usually found heavily circulated with detail that ranges from VF to XF. At the About Uncirculated level, the date becomes truly scarce with likely no more than 150 examples extant. As one would expect of a non-hoard date, the trend of increasing rarity continues at the Mint State level with most the 50 or so survivors having many abrasions that diminish eye appeal and limit the grade. In fact, after nearly 30 years of certification, no MS65s are known to the grading services, with a single MS64 having been graded. Outside of the lone MS64, Select examples of date are therefore the only Mint State grade which is generally accepted to hold significant eye appeal. This is true of the present Select specimen, as even straw-gold color adorns both sides with luster that invigorates the fields. Closer inspection further confirms an elite status as the execution of the strike nears perfection, showing crisp star detail on the obverse with intricate fineness throughout the often lacking central reverse design. Contact marks are astonishingly minimal, even for the grade level, with a reeding mark below Liberty’s chin and a couple ticks behind her head. A couple minuscule spots to the left of Liberty’s mouth are noted for accuracy’s sake and should serve as ample pedigree markers. In all, the composite eye appeal is perhaps the finest attribute with a look that few would hesitate to call high-end. For the specialist, the present example unequivocally presents a monumental opportunity as only five total examples have reached the MS63 level at both major services. A scan of major auctions yields a single other Select example with undeniably less eye appeal that has sold in the past decade. NGC Population: 3 in 63, 1 finer. (photo) Est. 30,000-40,000

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96 96

1870-S 20 Dollars. NGC AU58. A fully original â&#x20AC;&#x153;dirty goldâ&#x20AC;? S-Mint specimen with little wear observed on the highpoints. Considerable evidence of contact in the fields and devices defines the grade. A date that borders on rare in Mint State and as such, a fantastic value coin at the Choice AU level, which frequently provides similar eye appeal. (photo) Est. 2,000-2,500

Outstanding Mint State $20

97 97

1871-S 20 Dollars. NGC MS61. Obtainable as a date at the Very Fine through the About Uncirculated grade, but as is typically the case with early 1870s Twenties, Uncirculated specimens are quite challenging to say the least. This uncirculated Twenty, managing to remain free of highpoint friction, retains vivid luster in the largely yellow-gold fields. As one would expect from the grade, marks pepper the surfaces, but none are worthy of individual mention. When closely inspected, the strike does lack full definition on portions of intricate reverse, but in terms of casual presentation, no major weakness is seen. An attractive and desirable specimen for the gold specialist. (photo) Est. 5,500-6,500

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Attractive Philadelphia Mint Specimen

98 98

1872 20 Dollars. NGC MS62. While not always revealing the entire story, observation of compiled population data suggests that the 1872 Twenty is quite similar to the earlier Type Two 1866 Double Eagle with survivors numbering in the several thousands. As is the common grade distribution for coinage of this era, most of the survivors are centered around the XF and AU grade level. Survivors shrink at the Uncirculated tier with low-end Uncirculated examples appearing at auction from time to time and Select specimens almost never being offered. This yellow-gold example, fully maintaining a Select appearance, is astonishingly well struck, with impressive details within the obverse stars and sharply separated featherâ&#x20AC;&#x2122;s on the reverse eagleâ&#x20AC;&#x2122;s neck where softness is frequently encountered. Both the obverse and reverse fields and devices are nicely contrasted with frosted centers and varying degrees of prooflikeness in the fields that fall just short of meriting the Prooflike designation. A dearth of major coin to coin contact is evident and confirms the high-end eye appeal. Closer inspection reveals light wispy marks, primarily in the left obverse field, that define the grade. A delightfully dated example that is a true treasure in terms of preservation, and for the dedicated collector of top-tier Twenties, should certainly garner its due attention. NGC Population: 13 in MS62, 3 finer. (photo) Est. 10,000-12,000

99 99

1872-S 20 Dollars. NGC MS61. Best classified as a mid-tier Type Two S-Mint issue, the 1872-Sâ&#x20AC;&#x2122; survival figures look remarkably similar to other dates such as the 1869-S and 1871S. Like these dates, it can be theorized that somewhere between 2,000 and 3,000 of the 1872S exist in all grades with Mint State examples being scarce at all levels, and specimens in the Select to Gem level and above being essentially non-existent. The current Twenty, certainly appropriately designated, is fairly heavily abraded as is typical for the grade. Abrasions aside however, the eye appeal is exceptional for the level with a fully evident prooflike gleam in the fields and a strike that is admirably rendered. A rare opportunity, as rarely is the appeal matched at the grade with only five specimens having merited a higher technical grade from NGC. (photo) Est. 4,500-5,500

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The Waldman Collection

Seldom Topped Carson City Issue

100 100

1872-CC 20 Dollars. NGC AU58. 1872 marked the third year of Double Eagle production at the fledgling Carson City Mint with a mintage that year of 26,900 coins. As a result of the burgeoning western expansion and the need for coinage in commerce, most of this population entered directly into circulation, resulting in most of the survivoring population of around 400 examples existing around the XF level. About Uncirculated coins remain quite scarce, especially towards the Choice level, with Uncirculated examples rarely appearing. The current specimen, on the cusp of the Uncirculated designation, reveals little in terms of discernable wear, with close inspection revealing minor softening on the highpoints that is part friction and part strike incompleteness. As is typical of Carson City coinage, the luster remains thick and emits attractive radiance. Several marks, primarily on Libertyâ&#x20AC;&#x2122;s cheek and behind her neck, are observed, but none are offensive or out of place. Finally, soft wispy orange-patina is noticeable on the obverse of this otherwise yellow-gold piece establishing originality. For the enthusiast of western Americana or the collector that appreciates rare items, the opportunity presented by the current offering will undoubtedly ring clear as seldom do comparable 1872-CC dollars come along. (photo - enlarged) Est. 17,000-19,000

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Near-Select San Francisco Twenty

101 101

1873 “Open 3” 20 Dollars. PCGS MS61. The second, and more common of the two varieties made during 1873, the current specimen shows a relatively open 3 in the date, whereas the earlier version’s loops almost touched, leading many to think the coin was dated 1878. The surfaces of this uncirculated Double Eagle have numerous hits, but the attractive orange-gold color and a boldly hammered strike helps to enhance the eye appeal. (photo) Est. 1,500-1,700

103 103

1874-S 20 Dollars. NGC MS62. Characteristic of many earlier Type Two Double Eagle dates, this later minted example retains traits similar of earlier dates even as the mintage grew to a considerable 1,214,000 coins. Like those dates, much of the surviving population exists today in XF to AU grades. Somewhat unlike many other dates however, a cache of lower grade Uncirculated examples exist with a current NGC population of MS61 graded coins sitting at 343. MS62 graded examples return to form so to speak and are conditionally rare with few at that level or finer. The current coin, appropriately graded at that MS62 level holds light but even contact on the surfaces and a strike that pleasingly details the peripheral and central motifs. The luster is bold and swirls around the centers. A conditionally challenging date that should certainly excite the aficionado. NGC Population: 29 in MS62, 3 finer. (photo) Est. 6,500-7,500

102 102

1873-S “Closed 3” 20 Dollars. PCGS MS61. Opposite of the Philadelphia Mint issue, the “Closed 3” variety is the more common example from the San Francisco Mint. Primarliy on smaller denominations, this “Closed 3” type was often misinterpreted as 1878. As a result, new dies were produced with a “3” in the date that was opened up to avoid further confusion. While myriad marks adorn the surfaces, the eye appeal actually remains quite strong with beaming luster retained within the yellow-gold surfaces. The most common Type Two Twenty in terms of absolute mintage as well as surviving population at the Uncirculated grade, making it an affordable date for the collector pursuing an early dated Uncirculated representative. (photo) Est. 2,500-3,000

104 104

1875-S 20 Dollars. PCGS MS62. Eye-catching orange-gold patina blankets both sides of this Type Two example with pinpoint detail remaining within the majority of the design. Evidence of contact is evident, but is relatively minor is terms of visual effect. One of the more available dates of the “with motto” type with enough survivors to satisfy the broad base of collectors that demand a Mint State example of type. (photo) Est. 3,000-3,500

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105

Select Centennial-Dated Double Eagle

Conditionally Scarce S-Mint Date

105

107

1876-S 20 Dollars. NGC MS63. The final year of Type Two Double Eagle production, this S-Mint centennial issue was the second highest mintage issue of the type, and as a result, is among the most available issues. In lower Mint State grades, the date remains available. As is often the case, Select examples, such as the present, are scarcely available, with examples seldom qualifying for higher grades. This Twenty, ideal for a gold sub-type set, is boldly lustrous, with light rose highlights on otherwise yellowgold surfaces. The strike, above-average for the type, is hammered on both sides with pleasing star definition on the obverse and complete central detail on the often-lacking reverse centers. Limited surface contact defines the grade. (photo) Est. 6,500-7,500

107

1883-S 20 Dollars. PCGS MS63. The date’s collectibility is largely defined by its grade distribution as specimens remain rather plentiful at the MS61 and MS62 levels with finer survivors plummeting at an alarming rate - third-party certification reflects approximately 200 examples at the Select level, around 15 examples in near-Gem, and none at the Gem level. As a result of the apparent unavailability at nearGem and above, Select specimens are highly prized by the mid-level collector. The present Type Three Twenty, with all the attributes of the grade level, is well struck for the type and has pleasing detail retention on Liberty’s bust and the stars that surround her. As is typical, bright orange color blankets both sides with blushes of rose color at uneven intervals. Coin to coin contact, primarily evident on the obverse, defines the grade for this specimen. An infinitely collectible and conditionally pursued Double Eagle. (photo) Est. 5,500-6,500

106 106

1876-CC 20 Dollars. NGC AU58. An attractive centennial issue, the date today exists as one of the more available in the Double Eagle series from this storied western mint, as the mintage, a relatively paltry 138,441 coins, was the peak for Carson City output. For the aficionado of Carson City material, the present example will assuredly satisfy. The surfaces, lightly covered in patchy bright orange-gold patina, showcase delightful prooflike reflectivity in the fields. As one must expect from the grade, minor scuffs are present, but aside from a couple of insignificant marks on Liberty’s chin, no distracting individual marks are noted. A overall beautiful representative. (photo) Est. 3,500-4,000

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108 108

1889-CC 20 Dollars. NGC AU58. Claiming a relatively low mintage of just 30,945 coins, the output was actually at the high end for the Carson City Mint during its run of striking Double Eagles and as such, the 1889-CC remains as one of the most available “CC” dates in the series. Most examples, as the present, remain in top AU grades. This Choice AU specimen contains soft, shimmering luster in the yellow-gold fields with some noted peripheral striking weakness. No major marks accompany the surfaces and for the collector searching for a large gold type example from this storied mint, one can hardly image a better opportunity. (photo) Est. 4,000-5,000

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Low Mintage Type 3 Twenty

111 109 109

111

1890 20 Dollars. PCGS MS63. A much better dated P-Mint example with an original mintage of 75,995 coins. Upon close inspection, the specialist will immediately recognize this Select specimen as premium quality for the grade and date, because unlike many examples at the grade level, the surfaces showcase no major abrasions which suggests that it wasn’t a European bank held example. Further confirmation of the grade is confirmed when one observes the notably well-executed strike that confidently defines all of Liberty’s hair, and the adornment of sprinkled apricot patina atop the frosty surfaces. For the date collector endeavoring to assemble a world-class set, the appearance of the current example certainly signals a seldom matched opportunity. PCGS Population: 32 in MS63, 5 finer. (photo) Est. 7,000-,9000

1891-S 20 Dollars. NGC MS64. A high mintage date, the 1891-S remains fairly available up to the Select level, with near-Gems, as a result of heavy usage in overseas trade, being quite elusive. The current example maintaines a delightfully original appearance, with thick frosty luster in the fields and a touch of sooty color on the devices as is often the case with coins from long-time European bank holdings. Upon close inspection, the strike remains full and helps to confirm the near-Gem designation. (photo) Est. 3,500-4,000

Original Near-Gem Twenty

112 112

110 110

1890-S 20 Dollars. PCGS MS63. The scarcest 1890s San Francisco Mint issue in terms of original mintage and surviving population, the 1890-S Double Eagle is most often found in the AU55 to MS62 range. The present Twenty, qualifying at the Select level, is exemplary for the date, with orange-gold in the centers that give way to olive-gold peripheries. Typical marks define the grade with no singular example standing out. An essentially full strike compliments the eye appeal. Rare in finer grades and as such, sure to be targeted by the specialist. (photo) Est. 4,500-5,500

1892-S 20 Dollars. PCGS MS64. A wonderful near-Gem example that, as a result of the easily identifiable “dirty gold” appearance, can surely be pedigreed to European bank holdings. Beyond the highpoint darkness that is a result of decades of storage, the surfaces are largely olive and orange-gold tinged. While technically a common date with a mintage that approaches one million coins, nearGems are quite scarce with examples seldom matching, and rarely eclipsing that level. Close inspection certainly confirms that grade with a readily apparent hammered strike, and few grade-limiting luster grazes. An eminently collectible Double Eagle. (photo) Est. 5,500-6,500

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113 113

1893 20 Dollars. PCGS MS63. A typically marked Select Double Eagle with wispy orange-gold patina that mostly covers the yellow-gold base. Close inspection further bolsters the appeal, revealing a firm strike with knife-like definition on the peripheral stars and internal details. (photo) Est. 1,500-1,700

115 115

116

114 114

1893-S 20 Dollars. PCGS MS63. Considered to be a type coin at lower mint state grades, this San Francisco representative becomes slightly better at the Select level. The surfaces convey a thick mint bloom enhanced by bright orange-gold tones. Minor softness in Libertyâ&#x20AC;&#x2122;s hair leaves the strike short of full, but not to the point of hindering the eye appeal. Rounding out the appearance are typical surfaces abrasions that maintain pleasingly even distribution on both sides so as to not draw significant attention. (photo) Est. 2,000-2,500

1893-S 20 Dollars. NGC MS62. Typically marked for the grade with yellow-gold color around the legends and soft orange-peach patina in the centers. Flashy luster further enhances the eye appeal. (photo) Est. 1,400-1,600

116

1894 20 Dollars. NGC MS63. Flashy luster is immediately evident, enhanced by the adornment of bright yellow-gold patina on both sides. A strong strike and typical marks for the grade confirms the current specimen as well-suited for type inclusion. (photo) Est. 1,500-1,700

117 117

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1894 20 Dollars. NGC MS63. Hammered on both sides with typical thick frost in the fields and delightful orange-gold color throughout. Ideal for type or investment purposes. (photo) Est. 1,500-1,700

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118 118

1895 20 Dollars. NGC MS63. Coruscating luster enlivens the fields and produces admirable flash around the central design. A bold strike and fewer than typical contact marks are also among the many merits that confirm this example as premium quality. (photo) Est. 1,500-1,700

121 121

1896 20 Dollars. NGC MS62. Crisply detailed with all peripheral stars on the obverse having full definition to the centers. Luster grazes are less than is typical for the grade and result in a premium quality eye appeal. (photo) Est. 1,400-1,600

122 119 122 119

1895-S 20 Dollars. NGC MS63. Moderately marked in the centers with a well-blended mixture of olive and orange-gold gold on the surfaces. As one might expect from a 1890s S-Mint issue, the luster remains strong, with hints of semi-prooflike gleam when rotated beneath a light. (photo) Est. 1,500-1,700

1896-S 20 Dollars. NGC MS63. Typically marked for the grade, but retaining superior luster in the fields. A single toning spot on Libertyâ&#x20AC;&#x2122;s jaw bone adds uniqueness. The strike remains short of full with incompleteness particularly noticeable on stars 8 and 9. (photo) Est. 1,500-1,700

123 120 123 120

1896 20 Dollars. NGC MS63. Crisply defined in the obverse and reverse centers with light marks that pepper the surfaces and define the grade. A wonderfully original representative. (photo) Est. 1,400-1,600

1896-S 20 Dollars. NGC MS62. Booming luster is inescapable to the eye with light luster grazes in the fields, and a reeding mark on Libertyâ&#x20AC;&#x2122;s cheek that precludes the Select grade. For accuracyâ&#x20AC;&#x2122;s sake, several light copper spots are also noted, but none overwhelm. (photo) Est. 1,400-1,600

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124 124

126

1897 20 Dollars. PCGS MS64. Frosty luster characterizes the eye appeal with razor-sharp definition on the often lacking peripheral stars and only typical light contact on Libertyâ&#x20AC;&#x2122;s cheek. An underrated date, that while not incredibly scarce at the near-Gem grade, becomes incredibly rare with the MS65 designation with PCGS having certified only two at that level, with none finer. (photo) Est. 2,000-2,500

1897-S 20 Dollars. NGC MS62. Radiant luster dominates the eye appeal with numerous marks along the obverse rims that preclude the Select level. (photo) Est. 1,400-1,600

126

127 1897-S 20 Dollars. NGC MS62. Well struck with thick mint frost in the fields and relatively few marks present for the grade. (photo) Est. 1,400-1,600

127 125 125

1897-S 20 Dollars. NGC MS63. Showcasing a confidently hammered strike with bright orange-gold luster in the fields and myriad luster grazes that define the grade. (photo) Est. 1,500-1,700

E L E P H O N E

I D D I N G

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Sharp Philadelphia Mint $20

128 128

1898 20 Dollars. NGC MS64. As was often the case with Double Eagles in the late 19th century, much of mintage wasnâ&#x20AC;&#x2122;t heavily used domestically, but instead would be shipped off to facilitate foreign trade, eventually settling as bank holdings. As a result of their long journey and limited role in day-to-day transactions, many examples remain around the Uncirculated level having picked up significant marks from coin to coin contact. Such to is the case with the 1898 Twenty, but unlike many of the other dates, the Philadelphia Mint struck only a relatively paltry 170,479 coins in 1898, leaving Select examples many times more scarce than their similarly dated counterparts. Near-Gems such as the present are truly rare with Gems being unheard of at either major grading service. As one might expect from the grade, the current example maintains pronounced matte-like field texture and vivacious luster that avoids the incorporation of bothersome luster grazes. The strike, while not above-average, can find little fault with the peripheral devices, rising to their full intention with only a sniff of softness in Libertyâ&#x20AC;&#x2122;s hair. A light milling mark is noted on Libertyâ&#x20AC;&#x2122;s cheek bone, but is certainly appropriate for the grade level. There arew relatively few other instances of heavy contact. Given the overall preservation and the knowledge of few other examples at the near-Gem level, one would have to place this high-end specimen among the very finest in the grading tier, making it worthy of significant attention. NGC Population: 21 in 64, none finer. (photo) Est. 6,000-7,000

129 129

1898 20 Dollars. PCGS MS63. Stunning for the grade level, with luster that matches any date of the entire series. The strike is fully imparted. Resplendent patina wisps over both sides and creates an original appeal that is sure to further capture the enthusiast. A second high-end example of this better date Philadelphia Mint issue. (photo) Est. 3,000-3,500

130 130

1898 20 Dollars. NGC MS62. Rose-gold colored in the centers, with a thick ring of rich orange-gold on the outside. Certainly more than acceptable for type, with general coin to coin contact, primarily confined to the obverse. (photo) Est. 1,400-1,600

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131 131

1898-S 20 Dollars. NGC MS63. Struck in stunning orange-gold, with frosty luster in the relatively graze-free fields. Abrasions, typical of the type, appear primarily on Libertyâ&#x20AC;&#x2122;s cheek and define the grade. (photo) Est. 1,500-1,700

134 134

1900 20 Dollars. PCGS MS64. An exemplary near-Gem with pinpoint striking detail in the centers and peripheries and an enchanting mixture of reddish-orange patina that wisps around the devices and semi-prooflike fields. For the economy-minded type collector, the present Twenty should certainly be a target as seldom is the eye-appeal matched even on finer graded specimens. (photo) Est. 1,800-2,000

132 132

1899 20 Dollars. PCGS MS62. Rose-gold color accents both sides with luster grazes throughout the fields that prevent a Select grade. (photo) Est. 1,400-1,600

133 133

1899-S 20 Dollars. PCGS MS63. Confidently struck with dazzling orange-gold patina that envelopes both sides. The presentation remains far above-average for the grade level, with no contact marks of individual significance noted on either side. (photo) Est. 1,600-1,800

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135 135

1900-S 20 Dollars. PCGS MS64. Coruscating luster dominates the eye appeal with phenomenal, nearly pristine reverse surfaces, and obverse surfaces that contain nearly all of the grade-limiting marks atop Libertyâ&#x20AC;&#x2122;s exposed cheek. A conditionally scarce date at the near-Gem grade with less than 200 examples graded at that level by PCGS and NGC combined, with only 12 finer. (photo) Est. 3,500-4,000

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136 136

137

1901 20 Dollars. PCGS MS65. A superb Gem example from this relatively available date with fiery orange patina on both sides that is accented by reddish blushes as a result of the goldâ&#x20AC;&#x2122;s copper alloy. As one would expect from a Gem, few grazes are evident, with only minor contact on the highpoints. The strike, often found short of complete, is easily identified as full, with sharp hair and tiara definition on the obverse and fully raised central reverse devices. (photo) Est. 3,500-4,000

137

1901-S 20 Dollars. PCGS MS64. Despite a considerable mintage that eclipsed 1.5 million coins, this early 20th century S-Mint product is conditionally challenging at the near-Gem level, and rare any finer with PCGS only certifying two Gems. Eye appeal certainly upholds the lofty standards of the grade on the current Twenty, enhanced by thick bloom in the fields and some apricot-gold color in centers. Instances of contact that obscures the luster is limited, even for the grade level, but several vertically placed reeding marks on Libertyâ&#x20AC;&#x2122;s neck and cheek prevent the seldom achieved higher grade. (photo) Est. 4,500-5,000

Superb Near-Gem Double Eagle

138 138

1902-S 20 Dollars. PCGS MS64. A suprisingly better date in near-Gem condition, as the mintage of more than 1.5 million coins would suggest availability at nearly all grades up to Gem. However, when the population reports from both PCGS and NGC are consulted, only around 100 MS64s have been recorded, with a total of 5 examples in finer condition. The present example, surely top-tier for the grade level, is remarkably preserved with olive-gold peripheries that give way to orange and apricot-gold centers. Luster grazes, often a tale-tell indicator of the grade level, are refreshingly absent, although several minor ticks on the central portrait are present, but they are essentially unavoidable on the date. Rich mint bloom and a sharp strike cements the premium eye appeal. A infrequent and exciting opportunity for the avid collector of the Liberty Double Eagle series. (photo) Est. 7,000-9,000

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139 139

1903-S 20 Dollars. NGC MS63. Yellow-gold color enriches both sides with praise-worthy detail in the devices and abrasions surrounding Libertyâ&#x20AC;&#x2122;s portrait that preclude the near-Gem level. A scarce coin in finer grades. (photo) Est. 1,500-1,700

142 142

1905-S 20 Dollars. PCGS MS63. An above-average date at the MS63 level with surfaces that feature attractive semi-prooflike reflectivity in the fields and devices that are portrayed with razor sharp detail. The adornment of gorgeous apricot-gold and skyblue patina billows over both sides and further defines the premium eye appeal. (photo) Est. 2,500-3,000

140 140

1904 20 Dollars. PCGS MS62. A premium quality example with deep frost in the fields and notable strength in the central and peripheral design. One of the more available dates in the Liberty Twenty series and as such, often collected for type. Housed in a first-generation PCGS holder. (photo) Est. 1,400-1,600

141 141

1904-S 20 Dollars. NGC MS63. A high-end example for the grade with relatively few luster grazes and noted softness within some of the obverse peripheral stars. Collectible as a type representative. (photo) Est. 1,500-1,700

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143 143

1906-S 20 Dollars. NGC MS62. Honey-gold colored and well struck with energetic luster that feverishly circles the central devices when rotated under a light. An adequate example for type, with no major contact marks that serve as impediments to the design. (photo) Est. 1,400-1,600

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144 144

1907 Liberty 20 Dollars. NGC MS63. Vivacious luster rotates the central motifs with the customary marks on Libertyâ&#x20AC;&#x2122;s cheek and in the fields that frequently defines the Select tier. An affordable example of this classic type. (photo) Est. 1,500-1,700

146 146

1907-S Liberty 20 Dollars. NGC MS64. Scarcer at the near-Gem level, with illuminating luster atop the orange-gold surfaces and fewer than typical luster grazes in the fields. An attractive final-year issue with only 16 examples graded finer at NGC. (photo) Est. 3,000-3,500 Saint Gaudens Double Eagles

145 145

1907-D Liberty 20 Dollars. PCGS MS63. Certainly better than most at the Select level, the strike is boldly imparted on both sides with radiant yellow luster in the fields and devices that are visually high-end for the grade level. While not well-know as such, this final-year D-Mint Liberty type is actually a better date with most of the survivors centering around the MS62 grade level. (photo) Est. 1,600-1,800

147 147

1909-S 20 Dollars. Uncirculated Details, Cleaned. Sharply detailed with light hairlines on both sides that produce an unnatural brightness on the surfaces. A slightly better date at lofty uncirculated grades. (photo) Est. 1,400-1,600

148 148

1911-D 20 Dollars. PCGS MS64. An eye-catching common date example with pebbly surfaces on both sides that give a matte-like quality to the eye appeal. Minor evidence of contact on Liberty and in the reverse rays are indicative of the grade level. (photo) Est. 1,500-1,700

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152 149 149

152

1923 20 Dollars. PCGS MS64. Bathed in bright orange-gold patina with light marks that prevent Gem certification. An exceptionally eye-appealing specimen and desirable as a representative of this legendary St. Gaudens type. (photo) Est. 1,500-1,700

1924 20 Dollars. Select Uncirculated. An appealing specimen with unusual coarse matte-like texture in the fields. (photo) Est. 1,500-1,700

153 153 150 150

1924 20 Dollars. Select Uncirculated. Typically marked for the grade level with granular surfaces that create glowing luster. The addition of a large die crack (as-made) that winds through LIBERTY on the top obverse legend adds intrigue to the piece. (photo) Est. 1,500-1,700

1925 20 Dollars. PCGS MS66. Beaming luster enlivens the surfaces with traces of wispy apricot patina in the fields and, as the grade would suggest, only trivial surface issues. A wonderfully eye appealing example that stands out as ideal for type. (photo) Est. 2,000-2,500

154 154 151 151

1924 20 Dollars. Select Uncirculated. Radiant luster dominates with the infusion of bright orangegold patina at sporadic intervals that bolstered the eye appeal. Some scattered marks are noted an both sides and define the grade. (photo) Est. 1,500-1,700

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1926 20 Dollars. NGC MS66. Plentiful in elevated grades such as the present and as such, commonly acquired as a representative of this much beloved type. The surfaces, as the grade would suggest, are immaculately presented, with bright orange-gold luster and nary a mark worthy of mention. For accuracyâ&#x20AC;&#x2122;s sake, the reverse does show two deep purple toning spots on the eagle and for the educated viewer, should signal originality. (photo) Est. 2,000-2,500

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Seated Liberty Half Dollars

158 155 155

158

1858-S 50 Cents. NGC Shipwreck Effect. ex. SS Republic. Untoned and heavily granular in the fields as a result of seawater exposure for over 130 years. A wonderful relic that is accompanied by a wooden Odyssey Marine Exploration presentation box and certificate of authenticity. (photo) Est. 150-250

1861-O “Louisiana Issue” 50 Cents. NGC Shipwreck Effect (B) AU. W-03. ex. SS Republic. Pleasing detail remains in the obverse and reverse centers with advanced seawater damage appearing primarily at 11 o’clock on the obverse. Overall, a lovely specimen that was apparently coined after Louisiana’s succession from the Union and prior to the time Confederate States of America took over the New Orleans Mint. Accompanied by a wooden Odyssey Marine Exploration presentation box and slip case with the certificate of authenticity. (photo) Est. 300-500

156 156

1859-S 50 Cents. NGC Shipwreck Effect. ex. SS Republic. Likely an About Uncirculated to Uncirculated coin when the SS Republic sunk in 1865 and now visually granular as a result of more than a century of saltwater exposure. The conservation process has left the surfaces untoned with patches of varying brightness. Accompanied by a wooden Odyssey Marine Exploration presentation box and certificate of authenticity. (photo) Est. 150-250

159 159

1861-O “Confederate” 50 Cents. NGC Shipwreck Effect (A) UNC. W-13. ex. SS Republic. One of the finer surviving half dollars from the SS Republic shipwreck with bright untoned surfaces that show much less granularity than is typical. Compounding the desirability, research has identified the obverse die as having been used during the Confederate Army’s control of the New Orleans Mint. Accompanied by a wooden Odyssey Marine Exploration presentation box and certificate of authenticity. (photo) Est. 400-600

157 157

1861-O 50 Cents. NGC Shipwreck Effect (A) UNC. ex. SS Republic. Incredibly well-preserved for a shipwreck recovery coin with steel-gray color on both sides and design detail that remains impressively well defined. Even granularity is less concentrated than most, increasing the overall desirability. (photo) Est. 300-500

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Walking Liberty Half Dollars 160

Trio of Walking Liberty Half Dollars. 1) 1942. PCGS MS66. Well struck with think frosty luster. 2) 1943. NGC MS66. Bright with a fleck of russet coloration on both sides. 3) 1945. NGC MS66. Untoned with few marks for the grade level. [3] Est. 300-500

163

Quartet of 1882-CC GSA Morgan Dollars. All four examples remain tone-free with observed grades that range from Uncirculated to Near-Gem Uncirculated. The original box and card that was issued with these Nixon administration releases are intact. [4] Est. 400-600

164

Quintet of 1883-CC GSA Morgan Dollars. An attractive group with all examples being housed in their original box with cards of issue. All but one example remains fully white; the remainder reveal light rainbow coloration near the date. Grades range from Uncirculated to Select Uncirculated. [5] Est. 500-700

165

Quartet of 1884-CC GSA Morgan Dollars. Uncirculated. All four examples of this common date Carson City type are white. Two specimens show the typical contact marks that one might expect after having been in a bag for 80 years, and the other two are quite nice and approaching the Gem level. The original box and identification card remains with all four. [4] Est. 300-500

Morgan Dollars

161 161

1880-CC “8/Low 7 - Reverse of 1879” GSA 1 Dollar. Select Uncirculated. VAM-6, Top 100. A popular variety that features a partially removed “7” that clearly sits low beneath the second “8” in the date. The eye appeal is typical of most GSA dollars with a moderate amount of marks on Liberty’s cheek and in the fields to her left. Semi-prooflike surfaces gleam on both sides, with only a trace of yellow patina noticeable on the reverse against otherwise bright white surfaces. Accompanied by its original card with a box that shows considerable damage. (photo) Est. 300-500

162 162

1881-CC GSA 1 Dollar. Uncirculated. Superb luster dominates the eye appeal with bag marks that primarily confine themselves to Liberty’s cheek. The surfaces remain mostly white with hints of color along a small portion of the reverse. Accompanied by the original card and a damaged box. (photo) Est. 300-500

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166 166

1885-CC GSA 1 Dollar. Uncirculated. Typical thick Carson City luster encircles the central devices with minor bagginess on Liberty’s cheek. While a better date, most examples today are found in uncirculated condition as a result of their long term storage in government vaults. Housed in the original Government Services Administration plastic hard case with identification cards. The outer box shows significant damage. (photo) Est. 300-500

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Commemorative Silver

169 167 167

169

1936 Albany 50 Cents. PCGS MS65. Mintage: 17,671. Stuck to commemorate the 250th anniversary of Albany receiving its city charter, the design ranks among the most popular with collectors as the obverse features an attractive representation of a beaver and the reverse featuring three colonial-era men exchanging greetings. The surfaces of this Gem are outstanding condition with few apparent marks, strong luster, and a faint, but attractive overlay of yellow and plum patina. A considerably high-end specimen. Housed in a first-generation PCGS holder. (photo) Est. 200-400

1935-S Arkansas 50 Cents. PCGS MS65. Mintage: 5,506. An interesting commemorative issued to commemorate the 100th year anniversary of the stateâ&#x20AC;&#x2122;s admission into the Union, but with dates that range from 1935 to 1939. While the luster is often found to hold a flat satiny appearance, this piece has a more frosted look, with faint iridescent color mixed over both sides. While visible in fewer numbers and severity than is typical, several small ticks are visible on the Indian and girlâ&#x20AC;&#x2122;s jugate busts and preclude the premium Gem level. Housed in a first-generation PCGS holder. (photo) Est. 150-250

170 168 168

1937 Antietam 50 Cents. PCGS MS65. Mintage: 18,028. The battle of Antietam is well known today as the bloodiest one-day battle in the Civil War, and because of the Civil War affiliation, the beauty the encompasses the reverse design, and the fact that many collectors assemble a Civil War mini-set in lieu of the entire run, the type remains among the most heavily sought-after at any grade level. Like most of the Antietam half dollars, the present example is well struck with strong luster. Marks are at a minimum with a light infusion of brown patina, primarily evident on the reverse, that has formed as a result of the original cardboard tabs the piece was stored in. Housed in an early green PCGS holder. (photo) Est. 300-500

170

1939 Arkansas 50 Cents. PCGS MS65. Mintage: 2,104. This final-year specimen saw the fewest number struck during the run and resultingly is highly collectible. Like most of the Arkansas issues, the coins often showcase a satin luster instead of the frosted finish of many other commemoratives. The present is no different, with a steel-gray color to both sides. Evidence of contact is few and far between, especially on the obverse where the open design made it easily susceptible to mishandling. Rarely is a finer example available. (photo) Est. 500-700

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1939 Arkansas 50 Cents. PCGS MS64. Mintage: 2,104. An appealing near-Gem example with perhaps the most notable attribute being a strong strike which showcases full detail within the often-lacking intricate reverse. Housed in a first-generation PCGS holder. (photo) Est. 200-400

174 174

1939-S Arkansas 50 Cents. PCGS MS64. Mintage: 2,105. A final example of this final year issuance and highly demanded at the time due to an advertised production limit that would make the 1939 the rarest date in the series. The present nearGem is untoned on both sides, with several light reeding marks on Libertyâ&#x20AC;&#x2122;s jaw bone and neck that prevent Gem designation. Housed in a first-generation PCGS holder. (photo) Est. 200-400

172 172

1939-D Arkansas 50 Cents. PCGS MS65. Mintage: 2,104. A stunningly original example and the key date to the Arkansas type. The luster remains bolder than is typical for the type, with the addition of light variegated sporadic patina that serves to confirm originality. Housed in an early green PCGS holder. (photo) Est. 500-700

173 173

1939-D Arkansas 50 Cents. PCGS MS64. Mintage: 2,104. A second example of this low mintage date with nearly full strike and fewer instances of contact atop the central devices than are typical for the near-Gem designation. Housed in a first-generation PCGS holder. (photo) Est. 200-400

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175 175

1936-S Bay Bridge 50 Cents. PCGS MS65. Mintage: 71,424. Among the most desired early commemorative types, the Bay Bridge half dollar showcases a regal California bear on the obverse with perhaps the most intricate reverse design in the series which displays a landscape of the still-iconic San Francisco-Oakland Bay Bridge. Abrasions are scarcely observed on either side and certainly qualify the present as premium quality. While the appearance is mostly brilliant, iridescent gold patina graces both sides and enhances the eye appeal. Housed in a firstgeneration PCGS holder. (photo) Est. 150-250

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1935/34 Boone 50 Cents. PCGS MS65. Mintage: 10,006. A popular five year type with impressive satin luster throughout both sides that is induced by uniform micro-granularity. Close inspection shows surfaces that appear far above that of a typical Gem as marks remain difficult to pinpoint even with the aid of a loupe. Struck to commemorate the 200th anniversary of the legend that is Daniel Boone. Housed in a first-generation PCGS holder. (photo) Est. 150-250

178 178

1937-S Boone 50 Cents. PCGS MS65. Mintage: 2,506. A better date in the Boone series with only the 1935/1934 Denver and San Francisco productions as well as the 1938 set having been coined in lower quantities. This Gem, as is often the case with this issue, showcases gleaming luster in the fields that is nearly semi-prooflike in quality. Outside of a small well-disguised milling mark in Daniel Booneâ&#x20AC;&#x2122;s hair, the surfaces appear pristine. A shallow ring of multicolored patina should also be noted on the reverse and should add desirability. Housed in a first-generation PCGS holder. (photo) Est. 200-400

177 177

1937-D Boone 50 Cents. PCGS MS65. Mintage: 2,506. A resplendent Gem Boone with obverse surfaces that hold milky patina that veils apparent underlying semi-prooflikeness. The reverse, in stark contrast has a flat satin luster. The eye has to search for abrasions on both sides with an eye appeal that is certainly high-end for the grade. Housed in a firstgeneration PCGS holder. (photo) Est. 200-400

179 179

1938 Boone 50 Cents. PCGS MS65. Mintage: 2,100. A premium example of this key date Boone with gorgeous variegated pastel patina on both sides. Close inspection confirms the high-end appeal with a tiny tick to the left of Booneâ&#x20AC;&#x2122;s chin being the only imperfection worthy of mention. (photo) Est. 200-400

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182

1938-D Boone 50 Cents. PCGS MS65. Mintage: 2,100. A lovely key date Gem with die polish lines (as-struck) that traverse the obverse fields and a fine granularity on the reverse that results in appealing luster on both sides. For accuracyâ&#x20AC;&#x2122;s sake, a partial fingerprint fragment is noted behind Booneâ&#x20AC;&#x2122;s head and now presents itself as milky-tan coloration. (photo) Est. 200-400

182

183

181 181

183

1925-S California 50 Cents. PCGS MS65. Mintage: 86,394. An iconic issue, the obverse of this perennial favorite shows a 49er panning for gold with a regal grizzly bear on the reverse. While generally available in lower mint state grades, Gems become scarce as the design leaves the surfaces susceptible to highpoint friction. The current Gem avoids many of the typical afflictions of the type with iridescent patina on the obverse surfaces and glowing luster throughout. Housed in a first-generation PCGS holder. (photo) Est. 400-600

1936 Cleveland 50 Cents. PCGS MS65. Mintage: 50,030. Like the majority of the surviving mint state population, the surfaces highlight effulgent luster that circles the devices with speckled reddish-brown patina that delicately touches the surfaces. A few marks on Moses Cleveland and in the reverse fields define the grade. Housed in a first-generation PCGS holder. (photo) Est. 80-100

R I C E S

1936 Columbia 50 Cents. PCGS MS65. Mintage: 9,007. Struck to celebrate the sesquicentennial of the the moving of the South Carolina capital from Charleston to Columbia. Examples, such as the present, are typically well preserved with the present revealing thick mint frost throughout the untoned surfaces and a strike that is admirably full. Minute luster grazes that are faintly apparent to the eye apparently prevented the premium Gem level. Housed in a first-generation PCGS holder. (photo) Est. 150-250

E A L I Z E D

As a convenience to our bidders and potential consignors, prices realized for this auction will be available immediately following the conclusion of the sale on our website at www.spinksmythe.com.

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184 184

1935 Connecticut 50 Cents. PCGS MS65. Mintage: 25,018. Beaming luster adorns both sides with the “Charter Oak” on the obverse remaining essentially pristine and light marks showing on the reverse eagle. An attractive, premium quality specimen that would make an exemplary representation of type. Housed in a first-generation PCGS holder. (photo) Est. 200-400

186 186

1936 Gettysburg 50 Cents. PCGS MS65. Mintage: 26,928. Among the most popular issues of the early commemorative series, the Gettysburg halves were struck for observance of the 75th anniversary (although they were actually issued and dated two years prior to the anniversary) of one of the most famous battles of the Civil War. The obverse features the jugate bust of Union and Confederate soldiers with the same dichotomy on the reverse with representative shields divided by fasces. The current coin, much finer than most and premium quality for the grade level, has full mint bloom and central devices that are refreshingly free from bothersome marks. Originality is fully evident, as the reverse is awash is deep mottled russet shades, likely the result of decades of storage in its original packaging. Housed in a first-generation PCGS holder. (photo) Est. 400-600

185 185

1936 Elgin 50 Cents. PCGS MS65. Mintage: 20,015. Issued to commemorate the centennial of Elgin, Illinois, but curiously distributed by coin dealer L.W. Hoffecker who resided over 1,400 miles away in El Paso, Texas. As is typical of the type, the surface of this Gem hold thick mint frost as a result of near matte-like surface texture. Few abrasions signal careful handling with a light golden color that pleases the eye. A high-end piece with appeal that eclipses its assigned grade. Housed in a first-generation PCGS holder. (photo) Est. 150-250

187 187

1922 Grant 50 Cents. PCGS MS65. Mintage: 67,405. Collected alongside other Civil War related issues, the Grant half dollar was produced in two distinct types; one with an incuse star above the N in GRANT on the obverse and the other lacking the star. The present example, the more common of the two, is without a star, and as is typical of the type, holds soft luster that borders on partially prooflike. Evidence of mishandling is extremely limited with a strike that is, as is most often the case, incomplete in Grant’s hair. Light rose pastel toning rounds out the appearance. A pleasing Gem example of this scarcer issue. Housed in a first-generation PCGS holder. (photo) Est. 300-500

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188 188

1946 Iowa 50 Cents. PCGS MS65. Mintage: 100,057. Celebrating Iowa’s statehood, the Iowa half dollar marked the beginning of the end for the classic commemorative series, as it marked the first issued to be produced since the 1930s and paved the road for the later Booker T. Washington and Washington-Carver types. As is typical of the type, the surfaces of the present appear as nearly pristine with minor incompleteness in the central eagle and delicate golden-tan color around the peripheral devices. Housed in a first-generation PCGS holder. (photo) Est. 80-100

190 190

1936 Long Island 50 Cents. PCGS MS65. Struck to commemorate the first European settlement on Long Island, the present example features a variegated golden patina over much of the obverse, with mostly white reverse surfaces. Inspection with a loupe reveals typical marks for the grade level. Housed in a first-generation PCGS holder. (photo) Est. 200-400

191 191 189 189

1918 Lincoln 50 Cents. PCGS MS65. Mintage: 100,058. Struck to commemorate the 100th year of Illinois admission to the Union and one of the more popular issues because of the fitting tribute to the nation’s 16th president, Abraham Lincoln. The present softly lustrous Gem is lightly and attractively toned with pink and lilac coloration on both sides. The strike, often incomplete, is full with the reverse eagle showcasing all of J.R. Sinnock’s intended design details. Housed in an older green PCGS holder. (photo) Est. 200-400

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1936 Lynchburg 50 Cents. PCGS MS65. Mintage: 20,013. An attractive representative with even shimmering luster in the fields and a ring of canary-yellow color on the obverse edges and multicolored pastel iridescence on the reverse. As is fairly common of the type, the surfaces remain minimally marked with light planchet abrasions (as-made) that are noted within the obverse centers. As was often seen on mid-1930s commemorative issues, the event celebrated was rather localized, which resulted in most examples ending up in collector’s hands and in nice condition today. (photo) Est. 200-400

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1920 Maine 50 Cents. PCGS MS65. Mintage: 50,028. Much like the Grant commemorative half dollar that was produced two years following, the Maine half, struck to celebrate the states 100th year of statehood, often carries soft, satin-like luster that is created from swirling die polish marks (as-made) that can be view with the aid of loupe. As a result of careless handling at the mint, distribution largely outside of numismatic channels, and the flat design, true Gems are scarce. The current specimen however, fully qualifies, as only trivial evidence of contact is evident and the strike is fully executed. A very high-end example for the grade. Housed in a first-generation PCGS holder. (photo) Est. 200-400

194 194

1938 New Rochelle 50 Cents. PCGS MS65. Mintage: 15,266. Of particular interest to New Yorkers, the New Rochelle half dollar, like the Albany and Long Island halves before it, was issued to celebrate a significant anniversary in the areas history; the 250th anniversary of settlement in this instance. This Gem, like much of the survivors, is nicely preserved with light luster grazes in the fields and typical central incompleteness that defines the grade level. Eyecatching radiant luster enhances both sides, with mostly untoned centers that yield to pastel yellow patina primarily near the edges. Housed in a firstgeneration PCGS holder. (photo) Est. 200-400

195 193 195 193

1934 Maryland 50 Cents. PCGS MS65. Mintage: \n Mintage: 25,105. The Maryland half dollar, struck for the 300th anniversary of its founding, features a rugged portrait of Cecil Calvert on the obverse with the state seal on the reverse. Not particularly well cared for by the Mint during production, most examples reveal areas of considerable striking weakness that leaves many visible planchet abrasions. Such however, is not the case with the present example, as the strike is among the strongest this cataloger has encountered, and extremely thick mint luster dominates the eye appeal. Only the most minute ticks are evident even upon magnified inspection and solidly this specimen of premium quality. Housed is a firstgeneration PCGS holder. (photo) Est. 200-400

1936 Norfolk 50 Cents. PCGS MS65. Mintage: 16,936. Because of the busy design, the Norfolk half dollar, while being one of the lowest mintage types in the early commemorative series, is perhaps the most frequently found at the Gem and above level. The current coin is no exception with essentially brilliant surfaces that appear pristine without the aid of magnification. Because of the period of certification that the present example was certified in seldom issued grades above the MS65 level, one might expect that this premium quality example might get the benefit of a higher numerical grade level if graded today. Housed in a first-generation PCGS holder. (photo) Est. 300-500

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1928 Oregon Trail 50 Cents. NGC MS66. Mintage: 47,955. Struck to memorialize the 2,000 mile trail that led early American pioneers from the east to Oregon, the Oregon Trail half dollar is considered by many to be the most beautifully designed in the early commemorative series, with a regal Indian with hand outstretched on the obverse and a family of pioneers in wagon traveling against a setting sun on the reverse. The current specimen is nearly untoned with stunning luster throughout and nary a blemish worthy of mention. Intricate striking detail further confirms the premium Gem grade level making the present specimen ideal for type inclusion. (photo) Est. 200-400

198 198

1936-S Oregon Trail 50 Cents. PCGS MS65. Mintage: 5,006. A better date in the series with glowing luster in the fields and attractive pastel antiquegold coloration over the surfaces. As is typical of the type, several light marks on the Indianâ&#x20AC;&#x2122;s raised thigh are noted and prevent a finer designation. (photo) Est. 200-400

199 199

197 197

1928 Oregon Trail 50 Cents. NGC MS66. Mintage: 47,955. A second 1928-dated example with attributes almost identical to the previous - the strike is essentially complete, the surfaces brilliant, and the luster eye-catching. Also, only minuscule ticks are evident upon close inspection and can be noted as the reason the Superb Gem grade wasnâ&#x20AC;&#x2122;t awarded. (photo) Est. 200-400

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1939 Oregon Trail 50 Cents. PCGS MS65. Mintage: 3,004. The lowest mintage and final date in the popular Oregon Trial half dollar series, with steely surfaces that showcase satin luster in the fields. Close inspection confirms an admirable strike, with full definition in the reverse bisonsâ&#x20AC;&#x2122; legs and surfaces that have only small marks on the obverse Indian that prevent a premium Gem designation. (photo) Est. 300-500

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200 200

1936 Rhode Island 50 Cents. PCGS MS65. Mintage: 20,013. Issued for the 300th year of founding of Providence, the obverse design features a Pilgrim coming ashore a welcoming Indian with the state seal on the reverse. This Gem represents the fullest extent of originality with a bountiful mixture of variegated russet, gold, and purple coloration atop both sides. Close inspection confirms the grade a evidence of contact remains extremely limited. Housed in a first-generation PCGS holder. (photo) Est. 150-250

202 202

1936 Robinson 50 Cents. PCGS MS65. Mintage: 25,265. Issued alongside the Arkansas type that was struck to commemorate the 100th years of Arkansas statehood. Somewhat dumfounding to most today, the obverse depicts the portrait of long-time politician and local Senator Joseph T. Robinson, instead on the originally proposed old coin design. Like many of the commemorative types of the 1930s, most were supplied directly to collectors, but the coins were not well cared for during production. As a result, many Robinsons, with their open obverse surfaces, carry grade-precluding marks. The present, void of nearly all of such marks, can certainly be considered premium for the type with attractive incandescent luster atop the surfaces as well light tan and gold patina over a small portion of both sides. (photo) Est. 150-250

201 201

1937 Roanoke 50 Cents. PCGS MS65. Mintage: 29,030. A boldly struck representative that was issued to commemorate the 350th anniversary of Sir Walter Raleighâ&#x20AC;&#x2122;s â&#x20AC;&#x153;Lost Colonyâ&#x20AC;? as well as the birth of the first child, Virginia Dare, in British North America. The surfaces, when closely inspected, are confirmed as full Gem quality with typically soft luster, few marks, and attractive iridescent patina that sweeps primarily across the reverse. (photo) Est. 200-400

203 203

1935-S San Diego 50 Cents. PCGS MS65. Mintage: 70,132. Frostly luster accompanies both sides with few marks for the grade level and a much sharper strike, especially on the reverse observation tower, than is typically encountered. One of the most plentiful commemorative halves, but widely collected for its beautiful design. Housed in a first-generation PCGS holder. (photo) Est. 80-100

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1925 Stone Mountain 50 Cents. PCGS MS65. FS-101, Doubled Die Obverse. Mintage: 1,314,709. A popular commemorative issue because of its Civil War tie with dazzling luster in the fields, and pale pastel coloration that traverses both sides. Inspection with a loupe reveals nice doubling on STONE MOUNTAIN, and in the date. Housed in an early green PCGS holder. (photo) Est. 150-250

206 206

1925 Vancouver 50 Cents. PCGS MS65. Mintage: 14,994. A beautiful Gem representative of this low-mintage better date issue which, until a hoard came out in the 1980s, had an estimated surviving population of only about 300 examples in choice Mint State. The occasion for the striking, the 100th year of settlement of the Fort Vancouver, Washington, was chosen as a result of the integral integral role the fort played in the fur trade and was vital to the growth of the Northwest. The present, likely a hoard coin, shows a light ring of purple and amber on the reverse as do many choice examples of the type. Inspection with a loupe confirms the grade as the highpoints are void of the typical friction and relatively few marks are apparent. Housed in a firstgeneration PCGS holder and sure to be treasured by its next owner.. (photo) Est. 500-700

205 205

1936 Texas 50 Cents. PCGS MS65. Mintage: 8,911. As is typical of most dates in the Texas series, the surfaces of this stunning Gem hold satiny rather than frosty luster and soft milky patina is evident in the centers with faint touches of deeper color at the edges. Because of the immense state pride held by many Texans, the issue has always been popular with collectors with Gems remaining in constant demand. Housed in a first-generation PCGS holder. (photo) Est. 150-250

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207 207

1949 B.T. Washington 50 Cents. PCGS MS65. Mintage: 6,004. Bright luster dominates the eye appeal with typical planchet abrasions (as-made) remaining within the central devices. Still, nearly a certain upgrade candidate with little to no post-strike marks noticed on either side. The rarest date of the Booker T. Washington type. Housed in a first-generation PCGS holder. (photo) Est. 50-70

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210

1949-S B.T. Washington 50 Cents. PCGS MS65. Mintage: 6,004. Thick frosty luster adorns both the obverse and reverse with an above-average strike that plays out in fewer than is typical planchet abrasions (as-made) within the central devices. Housed in a first-generation PCGS holder. (photo) Est. 50-70

210

1936 Wisconsin 50 Cents. PCGS MS65. Mintage: 25,015. Another obscure mid-1930s commemorative issue that was struck to observe the centennial of the establishment of the territorial government is Wisconsin. Very high-end in terms of preservation, the current half dollar is essentially brilliant, with effulgent surfaces that show nary a mark. Housed in a first-generation PCGS holder. (photo) Est. 200-400

209 209

1953 Washington-Carver 50 Cents. PCGS MS65. Mintage: 8,003. Boldly struck and lustrous for the type with nearly full definition of the reverse where the Texas state outline often shows notable weakness. A small crescent of vivid orange color on the obverse enhances the appeal and makes this Gem particularly collectible. (photo) Est. 50-70

P I N K

I V E

窶年

E V E R

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1936 York 50 Cents. PCGS MS65. Mintage: 25,105. A lightly golden Gem that was struck for the 300th anniversary of York County, Maine. As is the case with many Yorks, the present example has been well cared for with the intricate central design detail protecting it from visible contact marks or luster grazes. A high-end example that is housed inside a first-generation PCGS holder. (photo) Est. 150-250

1926 Sesquicentennial 2.5 Dollars. NGC MS65. Mintage: 46,019. One of the two classic commemorative Quarter Eagles (not including the 1848 CAL. $2.5 which is generally not collected with the commemorative series) to have been produced, the present struck to celebrate the 150th year of United States independence. Even straw-gold color dominates on both sides, with only minor flyspeck marks noticeable with a loupe preventing a finer designation. (photo) Est. 1,500-1,800

End of Sale Thank You!

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