Centennial's Coin Auction Brings in More Than $1.5 Million

Posted on 9/20/2011

An 1895 Proof Set from the Time Capsule Coin Collection sells for $250,750.

[NORTH CONWAY, NY] — An original, untouched “Time Capsule” coin collection from the turn of the 20th Century was sold in a single owner estate auction on August 22, 2011 in Nashua, NH. It included a group of twenty five 1883-1916 Proof Sets. The original owner obtained all of them at the Philadelphia Mint in the year of issue. Each was handed down, in the unopened Mint packaging, through the family.

Many records were set. Some Proof Set prices were: 1893, $36,225; 1895, $258,750; 1896, $67,275; 1897, $68,425; 1898, $58,650; 1899, $41,400; 1900, $40,825; 1901, $39,675; 1902, $59,800; 1903, $55,775; 1904, $56,350; 1909, $61,525; 1913, $79,350. The remaining Proof Sets sold between $21,390 and $29,325.

A few Proof Sets were broken up and the coins sold individually. These include 1907 25c, $28,750 (NGC PF 68 Cameo); 1910 25c, $10,063 (NGC PF 67 Cameo); 1910 50c, $18,400 (NGC PF 67 ); 1914 1c, $13,225 (NGC PF 66 RD); 1914 5c, $18,400, (NGC PF 68); 1914 10c, $10,350 (NGC PF 68) and 1914 25c, $17,250 (NGC PF 68).

Other highlights included a 1793 1/2c, $11,370; 1858/7 Flying Eagle 1c, $12,938; 1877 Indian 1c, $10,350; (2) 1794 Flowing Hair 50c, $5,980 and $4,658; 1900 Lafayette $1.00, $6,095; 1795 Flowing Hair $1.00, $4,830; 1858C $2.50, $2,300; 1903 Philippines Proof Set, $9,660 and a 525-430 B.C. Greek Tetradrachm, $4,945.

Steve Schofield, Centennial’s principal auctioneer, remarked “This is the most exciting overall numismatic discovery I’ve made since I started collecting coins in 1955 and becoming an auctioneer in 1981. NGC certification of the Time Capsule Collection enabled us to showcase the incredible grades of an historic group of classic Proof Sets. We are convinced record prices were set because the numismatic community was able to instantly recognize how remarkable these coins were. The heirs of the estate were thrilled with the results and our recommendation that the coins be encapsulated."

There were over 120 floor and phone bidders. This shows that when fresh, untouched material, no matter what the product appears at auction, price guides are usually left behind.

All prices reported include the buyer’s premium.

For additional information, contact Centennial Auctions at 603-356-5765, steve@centennialauctions.com or www.centennialauctions.com

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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