Bowers and Merena’s Boston Rarities Auction Exceeds $9.3 Million in Sales

Posted on 8/24/2010

NGC-graded 1794 silver dollar realizes record auction price of $1.2 million.

IRVINE, Calif. — (August 12, 2010) — Bowers and Merena Auctions, one of the world’s preeminent auctioneers for rare coins and currency, realized an impressive $9.3 million at its Boston Rarities Sale on August 7. The sale, conducted in two sessions with 1,750 lots, featured the rare condition census #4 1794 Flowing Hair Silver Dollar, certified MS 64 by NGC, that sold for $1.2 million.

The prominent attraction at the Boston Rarities Sale was lot 1005, the historic and extremely rare Virgil Brand-F.C.C. Boyd-Cardinal Specimen of the 1794 Flowing Hair Silver Dollar. Bidding opened at $750,000 and escalated due to intense competition between floor bidders, then ended with the winning bid placed by a telephone bidder. The piece sold for a remarkable $1,207,500 — the highest price ever paid at auction for a 1794 Silver Dollar.

“We are extremely pleased about the results of the Boston Rarities Sale, which saw spirited bidding in all areas of US coinage,” said Greg Roberts, CEO of Bowers and Merena Auctions. “We had tremendous bidder interest with an outpouring of praise about our catalog and offering, long lines that formed outside the lot viewing room and, most importantly, active participation in the auction room. The market as a whole is very quality-conscious these days, and Bowers and Merena was proud to offer an impressive array of coins that enticed fierce competition between bidders.”

Rare 19th-century US gold coinage also performed well at the Boston Rarities Sale. Many of these offerings were pedigreed to the Horseshoe Collection. Highlights of this collection include lot 1543 and lot 1828. Lot 1543, an elusive proof-only 1863 Quarter Eagle in NGC / CAC Proof-63 Cameo, changed hands for $54,625. Lot 1828, a very rare 1858-O Liberty Double Eagle with a unique MS 61 PL grade from NGC, went to the winning bidder for $57,500.

Additional NGC highlights from Bower and Merena’s August 2010 Boston Rarities Sale include:

  • Lot 1001, 1794 Liberty Cap Half Cent, C-9, MS 65 Brown (NGC), realized $103,500, from the Cardinal Collection Educational Foundation (CCEF)
  • Lot 1002, 1794 Liberty Cap Cent, S-29, MS 65 Brown (NGC), realized $43,700, from the Cardinal Collection Educational Foundation (CCEF)
  • Lot 1003, 1794 Flowing Hair Half Dime, LM-3, MS 67 (NGC), realized $132,250, from the Cardinal Collection Educational Foundation (CCEF)
  • Lot 1004, 1794 Flowing Hair Half Dollar, O-105, MS 62 (NGC), realized $189,750, from the Cardinal Collection Educational Foundation (CCEF)
  • Lot 1636, 1879 Flowing Hair Four-Dollar Gold Stella, Judd-1635, Proof-66 Cameo (NGC), realized $166,750

For a complete list of prices realized for Bowers and Merena August 2010 Boston Rarities Sale, visit the firm’s website at www.bowersandmerena.com or call toll-free 800-458-4646. Bowers and Merena hosts its next auction at the Baltimore Coin and Currency show in November, which will feature US coins and paper money, as well as World and ancient coins and paper money.

This is a guest article. The thoughts and opinions in this piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.