Centennial Auctions Presents The Time Capsule Collection

Posted on 7/12/2011

Centennial Auctions will present a Time Capsule Estate collection on August 22, 2011 in Nashua, New Hampshire. Offering includes exceptional quality, NGC-certified proof coinage not offered since their original time of issue.

[North Conway, NH] – Just suppose your father took you, as a child, to the Philadelphia Mint in 1883 and bought you a brand new Proof Set, containing 1 cent through $1 coins. You watched as the coins were folded up in tissue paper and placed in an envelope. Suppose you decided that once you got older, in 1892, you would go to the Mint and buy one for yourself.

And suppose you kept doing that almost every year until 1916.

And suppose you never looked at any of those coins again.

And suppose you bought a few items along the way from Henry Chapman.

And then suppose your child, grandchildren and great grandchildren never looked at any of those particular coins again as they were simply placed in a box and handed down over the generations without ever being looked at.

Our office was called to appraise an estate coin collection this winter. We were told “there were Proof Sets from the 1800s and early 1900s”. Appraisal day was most remarkable as twenty five of them were evaluated.

Steve Schofield, appraiser and principal auctioneer for Centennial Auctions, remarked “since they left the Mint, no one had even viewed these sets for either side of 100 years. It was simply breathtaking to see original toned Gem after Gem literally appear again and again as each fold of paper was unwrapped. This is the most exciting overall numismatic discovery I’ve made since I started collecting coins in 1955 and becoming an auctioneer in 1981.”

During the latter part of the 20th century, some family members added coins, such as the Classic Commemoratives and some modern gold. These were found in another box, separate from the early material.

If you attend day of auction preview, all will be on display, side by side. We guarantee a breathtaking sight for every numismatist. Of the 136 coins in these sets, consider the overall grades they have received for each level: (11) PF 68s, (34) PF 67s, (44) PF 66s and (19) PF 65s. That's 108 in the gem to monster category. In addition, there are (19) PF 64s. If that's not impressive enough, according to the NGC Census, 4 are finest known and 8 are tied for the finest known. Finally, just in case you didn't know, the original cost of a 1c-$1.00 six piece Proof Set was $2.50.

Centennial Auctions invite everyone who has never seen completely untouched material such as this to preview at the various venues listed and make time in their schedule to attend the auction on August 22, in Nashua.

For updates and photos, visit our web site at www.centennialauctions.com. How many more, if any, time capsule collections exist is unknown. The next opportunity to obtain coins such as these may not occur in the foreseeable future.

We have been auctioneers for over thirty years. On a personal and professional level, it is an honor to have been selected to present such an historical collection to the numismatic community. It has also been a pleasure working with such a nice family to assist in the disposition of their coins. We look forward to seeing you at this rather remarkable offering.

Centennial Auctions is a wholly owned subsidiary of Scofield Auctions, Inc., established in 1981. Both have conducted thousands of auctions over the past thirty years. Centennial sells more coins and stamps at auction in New England than any other firm. The parent company specializes in real estate, antiques and benefit auctions and appraisals.

The owners and principal auctioneers are Stephen H. Schofield and Deirdre G. Byers. Steve was inducted into the National Auctioneers Hall of Fame in 2003. He’s a Past President of the Certified Auctioneers Institute/National Auctioneers Association, the New Hampshire Auctioneers Association and a former NAA Treasurer. D, along with Steve, are only two of four individuals to receive the NHAA Golden Gavel Award. She is also a Past President of the NHAA, a former Chair of the New Hampshire licensing Board of Auctioneers and Trustee of the National Auctioneers Foundation. Both have a Masters degree from Long Island University.

The thoughts and opinions in the piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.

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