"Breathtaking" gold U.S coin leads Morphy Auctions sale

Rick's Coins

Rick's Coins

2017-01-19 11:11:11

Morphy Auctions is set to offer more than 200 lots, including rare gold and silver coins from around the world, in its upcoming numismatic sale next month.

Leading the sale is a rare 1798 8 over 7 $10 capped bust gold coin, minted during a pivotal moment in American history.

In the late 18th century, the expansion of the Union meant the U.S Mint had a problem: if they added a new star to coin designs for every new state, they'd soon run out of space. A decision was made to standardize the number of stars to 13, representing the original 13 colonies, which began in 1798 with the Eagle.

Two versions were minted, with different configurations of the 13 stars. The coin offered at Morphy Auctions is one of only 900 examples produced with nine stars to the left of Lady Liberty, and four to the right.

Described as a "breathtaking example" of this sought-after design, the coin will be offered with an estimate of $40,000-$80,000.

The auction also offers collectors the chance to acquire some rare modern Chinese coins. Standout lots include a 1993 China Peacock Museum Edition set estimated at $12,000-$15,000; a 1996 20 oz Silver Unicorn Proof, released in a limited edition of 500, valued at $9,000-$12,000; a 1993 20 oz Proof Silver Peacock coin, also one of only 500 examples, estimated at $9,000-$11,000; and a 1996 Tri-Metal Chinese Unicorn Proof set, one of only 300 sets, priced at $9,000-$12,000.

Further modern collectible sets on offer include a 2000 Sydney Olympic Gold Proof set estimated at $4,000-$5,000; a 2001 Krugerrand Anniversary Edition five coin proof set estimated at $3,000-$4,000; and a 1993 Russian Bear Coin set estimated at $2,500-$3,000.

"The range of coins and currencies available through this auction is truly outstanding, and offers something for collectors at every level," said Dan Morphy, President of Morphy Auctions.

"Many of the modern boxed sets are really eye-catching and perfectly capture an important moment in time, like the 2000 Sydney Olympics. However, the 1798 $10 capped bust gold coin is truly in a class by itself. What numismatist or coin collector wouldn’t love to add this crown jewel to their collection?"

The Morphy Auctions Coins Sale takes place in Denver, Pennsylvania on February 23.

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