The Heritage US Coins Signature Auction, held from September 6-9, featured some of the most sought-after rare coins, resulting in sales totaling over $19.7 million. The event was part of the Long Beach Coin and Collectibles Expo, where rare coin enthusiasts and collectors gathered. This year’s auction showcased impressive pieces, including early proof coinage, 19th-century U.S. coins, and world currency, making it a highlight in the world of numismatics.
Top Highlights from the Auction
Rare Proof Coins Fetch High Prices
Collectors of 19th-century proof coinage know that these pieces are exceedingly rare, especially pre-1858 proofs. It was no surprise that the two top coins sold during the auction were both from before 1858. One of the standout pieces was an 1853 Gem Cameo Proof Quarter with Arrows and Rays. This coin, from the Eliasberg collection, sold for a remarkable $94,000. In 1853, arrows were added to the date and rays to the reverse, marking a weight reduction for quarters and half dollars. Only about five of these proof quarters are known to exist, making this an incredibly rare and valuable coin.
Another rare gem was the 1854 Proof Eagle, a coin that was only recently confirmed to exist and might be unique. Despite light wear and a grade of Proof-55, the coin still fetched $88,125. The second edition of the Garrett-Guth Gold Coin Encyclopedia had cast doubt on the existence of an 1854 proof eagle, making this discovery and sale a significant moment in numismatics.
Post-Auction Sales and More Rare Finds
After the auction, a 1897 Proof Double Eagle, graded Proof-67 Cameo, sold for $147,500, setting a new standard for proof gold coinage of the 1890s. Only 20-25 examples of this coin are known to exist. This piece, known for its flawless technical quality and beauty, was one of the top sellers of the event.
Additionally, the Philip Clover Collection of US Large Cents exceeded $900,000 in total sales. The collection, which featured rare early US large cents by variety, was led by a 1795 Jefferson Head Cent that sold for $38,187. This collection contained several rare die marriages that were once thought to be uncollectable, showcasing the depth and value of this collection.
World Coins and Highlights from the Long Beach Auction
The Long Beach auction also featured a number of rare and ancient world coins. One of the top sellers was a Brazilian 1820(B) Gold 4000 Reis, which sold for $129,250. This mint state coin was so rare that it was simply listed as “Rare” in most references, adding to its appeal and value.
Other highlights included:
- A 1915 Cuban Republic Proof Gold 20 Pesos, which sold for $99,875.
- A Christian IX Danish West Indies Proof 10 Daler – 50 Francs 1904, which fetched $70,500.
- A Great Britain Henry VIII Gold Sovereign, sold for $64,625.
Why These Coins Are So Valuable
Rare coins, especially those minted before the 20th century, hold immense historical and financial value. Many of these coins were either minted in extremely low numbers or are one of the few remaining examples, making them highly sought after by collectors. Proof coins, which are struck with extra care, often have better details and finish compared to regular coins. When these rare proof coins surface in auctions, they can fetch sky-high prices, reflecting their rarity and demand.
For instance, the 1853 Arrows and Rays Quarter was a limited-edition coin with only a handful remaining today. Such coins carry both historical significance and monetary value, which is why collectors are willing to pay high prices for these pieces.
Top U.S. Coin Sales at the Auction
| Coin | Price |
|---|---|
| 1853 Arrows and Rays Quarter | $94,000 |
| 1854 Proof Eagle | $88,125 |
| 1897 Proof Double Eagle | $147,500 |
| 1795 Jefferson Head Cent | $38,187 |
World Coin Highlights
| Coin | Price |
|---|---|
| Brazilian 1820(B) Gold 4000 Reis | $129,250 |
| 1915 Cuban Republic Proof Gold 20 Pesos | $99,875 |
| Christian IX Danish West Indies Proof 10 Daler | $70,500 |
| Henry VIII Gold Sovereign (Great Britain) | $64,625 |
Conclusion
The Long Beach Coin and Collectibles Expo, highlighted by Heritage Auctions, was a huge success with nearly $20 million in rare coins sold. These auctions brought attention to some of the rarest coins in the world, especially early proof coinage and world currency. For coin collectors and investors, this event offered a rare opportunity to acquire pieces of history. The high prices reflect both the rarity and desirability of these exceptional coins, reinforcing the continuing growth of the rare coin market.
FAQ’s
What is the most expensive coin sold at the Long Beach Heritage Auction?
The most expensive coin was an 1897 Proof Double Eagle, which sold for $147,500.
Why are early proof coins so valuable?
Early proof coins, especially from before 1858, were minted in very small numbers, making them extremely rare and valuable.
What was special about the 1853 Arrows and Rays Quarter?
The 1853 Arrows and Rays Quarter was a one-year subtype coin, and only about five proofs are known to exist today.
How much did the Philip Clover Collection of US Large Cents sell for?
The Philip Clover Collection realized over $900,000 in total sales, with many rare early U.S. large cents by variety.
What were the top-selling world coins at the Long Beach Auction?
Top-selling world coins included a Brazilian 1820(B) Gold 4000 Reis and a 1915 Cuban Republic Proof Gold 20 Pesos.