Coin collecting can be an exciting adventure, especially when rare coins are involved. One such case is Bruce Morelan’s recent purchase of a unique group of coins known as the Nevada Accumulation. This collection includes a special 1793 Chain Cent and many other remarkable pieces. The coins in this collection are not just beautiful; some are worth millions! Let’s dive deeper into this fascinating story of rare coins and what makes them so special.
The Story Behind the Collection
Bruce Morelan, a prominent coin collector and a shareholder in Legend Numismatics, recently acquired a special coin called the ‘Specimen-65’ 1793 Chain Cent. This coin is notable for its reverse side, which has “AMERI.” written on it. It was part of a larger group of twenty-eight high-quality coins that Morelan bought from an investor in Nevada.
Interestingly, Morelan met the seller in Las Vegas during a social event. They talked about various subjects before discovering their shared interest in rare coins. The Nevada investor, who also collects art, sold the coins to Morelan for between $5 million and $6 million. Among these twenty-eight coins, Morelan kept four for himself, making his collection even more impressive.
What Makes These Coins Special?
The 1793 Chain Cent
The 1793 Chain Cent is one of the first one-cent coins made by the U.S. Mint. It’s very rare, especially the version that has “AMERI.” on the back. This specific coin was specially struck for presentation and is known for its sharp design and reflective surface. Morelan described this coin as breathtaking, saying he couldn’t stop looking at it once he saw it in person.
The 1836 Gobrecht Dollar
The 1836 Gobrecht Dollar is another exceptional coin in Morelan’s collection. It was recently certified as Proof-66, which means it’s in excellent condition. This coin is part of a unique design series, and collectors often seek just one of these dollars for their collections. John Albanese, a coin expert, noted its beautiful natural colors, making it stand out among other Gobrecht Dollars.
The 1799/8 Silver Dollar
The 1799/8 Silver Dollar is also part of Morelan’s collection. This coin is special because it has a numeral “9” struck over a “8,” making it an overdate. It’s one of the finest-known examples and has not been altered or cleaned, retaining its natural look. Many collectors consider it a treasure in the world of coin collecting.
The 1853 Liberty Seated Half Dollar
Morelan also kept the 1853 Liberty Seated Half Dollar, which is certified as Proof-65. This coin is rare because it was made in a unique style with arrows on the front and rays on the back. It’s highly sought after by collectors who focus on specific types of coins.
Proof Morgan Dollars
The Nevada collection included several Proof Morgan Dollars, known for their beauty and quality. Many of these coins were from prestigious collections, like the Eliasberg collection, and have received high grades from grading services, making them valuable to collectors.
Conclusion
Bruce Morelan’s recent acquisition of the Nevada Accumulation is a remarkable event in the world of coin collecting. The coins in this collection not only represent significant historical artifacts but also showcase incredible craftsmanship. Morelan’s decision to keep four exceptional coins highlights his passion for collecting and his appreciation for pieces that tell a story. Each coin has unique features that make it desirable to collectors and enthusiasts alike. Collecting coins like these is more than just a hobby; it’s a way to connect with history and preserve pieces of the past.
FAQ’s
What is the Nevada Accumulation?
The Nevada Accumulation refers to a collection of rare coins purchased by Bruce Morelan, including the famous 1793 Chain Cent and several other valuable pieces.
Why is the 1793 Chain Cent so special?
The 1793 Chain Cent is one of the first one-cent coins made by the U.S. Mint. Its rarity, especially the version with “AMERI.” on the back, makes it highly sought after by collectors.
What other coins did Bruce Morelan keep from the collection?
Morelan kept four coins, including the 1793 Chain Cent, an 1853 Liberty Seated Half Dollar, a 1799/8 Draped Bust Dollar, and an 1836 Gobrecht Dollar.
How much did Morelan pay for the Nevada Accumulation?
Bruce Morelan paid between $5 million and $6 million for the entire group of twenty-eight coins.
What are Proof Morgan Dollars?
Proof Morgan Dollars are special editions of the Morgan Silver Dollar that have a high-quality finish. They are often sought after by collectors due to their beauty and rarity.