The American Numismatic Association (ANA) Convention in Philadelphia is a major event for coin collectors and enthusiasts. One of the highlights is the Rarities Night auction, where rare coins and historical items are sold. This article focuses on the fascinating coins and gold bars featured in the auction. From the unique Capped Bust Dimes to the impressive 1893-CC Morgan Silver Dollar and rare gold bars, there’s a lot to discover about these collectibles. Let’s dive into the details!
Capped Bust Dimes: Scarcity and Value
The Importance of Capped Bust Dimes
Capped Bust Dimes are important because they represent a significant part of U.S. coin history. In the recent auction, three Capped Bust Dimes caught the eye of collectors and experts alike.
1811/09 Dime
The 1811/09 overdate dime is a standout in the Capped Bust Dime series. This coin is special because it is scarcer than most other dates. There are no normal 1811 dimes or any dimes from 1810 to 1813, making the 1811/09 particularly sought after. In the auction, this dime was graded MS-65 by the NGC and sold for $19,550. Experts have differing opinions on its grading, but it remains a valuable collectible.
Key 1822 Dime
The 1822 dime is known as the key to the Capped Bust Dime series. It is rarer than the 1811/09 dime, and the one sold at the auction was graded Extremely Fine-45. It sold for $10,575. Collectors appreciate this dime not only for its rarity but also because it has a rich history.
1829 ‘Curl Base 2’ Dime
The 1829 ‘Curl Base 2’ dime is notable for its distinct curl at the base of the number 2 in the date. Some collectors even consider it a separate date due to its unique characteristics. This dime sold for $12,925 at the auction, making it another valuable addition to any collection.
| Coin Type | Year | Grade | Auction Price |
|---|---|---|---|
| Capped Bust Dime | 1811/09 | MS-65 | $19,550 |
| Capped Bust Dime | 1822 | Extremely Fine-45 | $10,575 |
| Capped Bust Dime | 1829 | Fine-15 | $12,925 |
| Morgan Silver Dollar | 1893-CC | Proof-65 | $218,500 |
| Gold Bar | Harris Marchand | 942 FINE | $891,250 |
| Gold Bar | Kellogg & Humbert | 896 FINE | $218,500 |
| Gold Bar Maker | Weight (oz) | Gold Purity | Auction Price |
|---|---|---|---|
| Harris Marchand | 174.04 | 942 FINE | $891,250 |
| Kellogg & Humbert | 111.63 | 896 FINE | $218,500 |
The Excalibur Proof 1893-CC Morgan Silver Dollar
A Rare Find
One of the most exciting items at the auction was the 1893-CC Morgan Silver Dollar, which sold for an astounding $218,500. This coin has a fascinating history and has been sold multiple times at various auctions. It was graded Proof-65, indicating its excellent condition. Many collectors agree that this coin is not just beautiful but also incredibly rare.
Historic Gold Bars
The Value of Gold Bars
Gold bars are unique collectibles, and the auction featured two significant ones. Unlike coins, these bars were often used as stores of value and were made from gold mined during the 19th century. Gold bars were practical for large transactions, especially when paper money was not widely accepted.
Harris Marchand Gold Bar
The Harris Marchand gold bar sold for a remarkable $891,250. Weighing 174.04 ounces and marked as 942 FINE, this bar is significant due to its weight and the historical context surrounding it. Gold bars from the wreck of the S.S. Central America are especially valuable, as they provide a glimpse into the past.
Kellogg & Humbert Gold Bar
Another notable item was a Kellogg & Humbert gold bar weighing 111.63 ounces and marked as 896 FINE. It sold for $218,500. Experts noted that this price was reasonable given the rarity of the item.
Conclusion
The ANA Rarities Night auction showcased some incredible collectibles, including Capped Bust Dimes, the Excalibur Proof 1893-CC Morgan Silver Dollar, and historic gold bars. Each item tells a unique story and holds great value in the numismatic community. The excitement surrounding these rare coins and gold bars continues to draw interest from collectors, ensuring that their legacies will endure. Collecting coins and precious metals is not just about their monetary worth; it’s also about appreciating history and the artistry behind each piece. If you’re a coin enthusiast or just starting, the Rarities Night auction offers a glimpse into the fascinating world of numismatics.
FAQ’s
What is the ANA Rarities Night auction?
The ANA Rarities Night auction is a special event organized by the American Numismatic Association (ANA) where rare and valuable coins and currency are auctioned. It showcases significant collections, attracting collectors and investors from all over.
What are Capped Bust Dimes?
Capped Bust Dimes are a type of U.S. coin that was minted from 1809 to 1837. They feature a design with a bust of Liberty wearing a cap, hence the name “Capped Bust.” These dimes are sought after by collectors due to their historical significance and limited availability.
Why is the 1893-CC Morgan Silver Dollar considered special?
The 1893-CC Morgan Silver Dollar is particularly valuable because it was minted in Carson City, Nevada, and is known for its rarity and beauty. The example sold at the auction was graded as a “Proof-65,” which indicates its high quality and excellent condition, making it a desirable item for collectors.
What are historic gold bars, and why are they important?
Historic gold bars are large pieces of gold that were produced for use in trade and investment. They often carry historical significance, especially if they come from notable sources like shipwrecks. The gold bars sold at the ANA auction, particularly those recovered from the wreck of the S.S. Central America, are significant due to their rarity and the story behind their recovery.
How can I participate in future ANA auctions?
To participate in future ANA auctions, you can register on the ANA website or with the auction house hosting the event. Registration typically requires providing some personal information and may include a registration fee. Once registered, you can bid on items either in person or online, depending on the auction’s format.