As the first major US coin rarity to liquidate in 2022, GreatCollections is proud to announce the acquisition of one of the finest 1796 quarters priced at $ 2.35 million. Formally from the Pogue Collection, it is rated MS-66 by PCGS with CAC approval.
GreatCollections acquired this quarter of 1796 for $ 2.35 million. CAC-approved by PCGS and MS-66 by the Pogue Collection, the retail price is a 38% markup on the PCGS Price Guide of $ 1.7 million.
At a premium of 38% over the PCGS price guide of $ 1.7 million, the sale confirms the strength of the overall coin market after hitting a sizeable number of record prices in the second half of 2021.
“We have wanted to acquire this special 1796 Quarter for some time because of its outstanding appearance. It’s second best with CAC approval with an impeccable pedigree that goes back over a century. This is a coin very sought after overall qualities needed for quarterly sets, set sets, collections of key dates, not to mention rarity collectors, “said Ian Russell, President of GreatCollections.
GreatCollections bought Blake Duncan’s coin from Houston-based US Coins, who had previously sold the coin to a private collector two years ago.
The family tree of this particular neighborhood from 1796 dates back to 1922, where it was sold as part of the Ten Eyck Collection. It then appeared in the 1960 Milton A. Holmes Collection auction. In 2015, her last appearance at auction was part of the impressive Pogue Collection, which was considered one of the special highlights.
A picture of the quarter in a PCGS holder
All annual editions are popular with collectors, but 1796 was the first year the quarter denomination was issued for the then young United States. It was another eight years before they were reissued in 1804, and by then the design had changed with the addition of “25” for the denomination and “E PLURIBUS UNUM” on the back.
This is another great rarity that GreatCollections has acquired in the past 12 months. Other top-class rarities include the finest 1804 Draped Bust Silver Dollar PCGS Proof-68 for $ 7.68 million, the 1861 Paquet Liberty Gold Double Eagle PCGS MS-67 CAC for $ 7.2 million, and the 1794 Flowing Hair Silver Dollar PCGS MS-66 + CAC for $ 6.6 million. In November, GreatCollections bought the finest 1913 Liberty Nickel and the second 1804 Draped Bust Silver Dollar in a three-coin transaction for $ 13.35 million.
GreatCollections is a certified coin and banknote auction house that handles transactions from start to finish. Since its inception in 2010, GreatCollections has successfully auctioned over 990,000 certified coins making it one of the leading certified coin companies in the United States, with annual sales exceeding $ 235 million in 2021. Ian Russell, Owner / President of GreatCollections is Member of the renowned Professional Numismatists Guild and member of the National Auctioneers Association. For more information about GreatCollections, visit www.greatcollections.com or call 800-442-6467.
Article Source : https://www.coinnews.net/2022/01/11/greatcollections-acquires-1796-quarter-for-2-35-million/