Morphy Auctions to offer rare U.S coins for first time in generations

Midas Man

Midas Man

2015-10-19 09:50:37

Morphy Auctions are set to offer a collection of rare U.S coins, with many appearing on the market for the first time in generations.

The Elmer and Shirley Pierce collection features a remarkable catalogue of coins, currency and bank notes, assembled over a lifetime in the hobby beginning in the 1930s.

“Morphy Auctions is honored to have been chosen to handle the sale of such a prestigious collection," said Morphy Auctions founder and president Dan Morphy. "The Elmer and Shirley Pierce collection comes from our own home county and has deep local roots.

"We know bidders are going be excited over the opportunity to vie for coins that were acquired and held privately for such a long period of time by two very astute collectors.”

Elmer Pierce's passion for numismatics began as a youth, picking out Indian Head Pennies and Liberty Head V-Nickels from the change at his grandparents' produce market stall in Reading, Pennsylvania.

It carried on throughout his teenage years, and upon his return from U.S Army service Elmer shared his hobby with his new wife Shirley, who became his able companion as he established himself as a renowned collector.

“He knew all of the other collectors and belonged to several local coin clubs – the Red Rose Coin Club in Lancaster, Reading Coin Club, and Cloister Coin Club in Ephrata," said Shirley. "He was also a member of the ANA and was proud of his 50-year membership pin.”

Notable lots from the collection will include an 1852 $20 gold Liberty Double Eagle estimated at $3,000-$4,000; an 1855 $3 gold coin with the image of Lady Liberty wearing a plumed crown, estimated at $3,000-$4,000; a 1796 Draped Bust Small Silver Eagle Dollar valued at $3,000-$3,600; a VF-condition 1798 13-star Draped Bust Small Silver Eagle Silver Dollar minted in 1798 estimated at $2,000-$2,500; and a graded MS 64 RD 1909 S VDB Cent priced at $2,000-$2,400.

All lots in the auction will be sold with no reserve.

The Elmer and Shirley Pierce collection will be offered for sale at Morphy Auctions in Denver, Pennsylvania on Saturday, October 31.

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