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Stack’s Bowers Galleries to Auction the Cardinal Collection

November 7, 2012 in Copper Coins, Gold, Gold Coins, Silver, Silver Coins, USA Coins

November 7, 2012 By Coin Update (http://news.coinupdate.com)

Stack’s Bowers Galleries has announced the sale at auction of the Cardinal Collection, which includes the finest known 1794 Silver Dollar and other legendary rarities. The collection, which was formed by Martin Logies over a period of many years, will cross the auction block at the New York Americana Sale held from January 22-25, 2013.

The highlight of the collection is the finest known 1794 silver dollar, graded PCGS Specimen-66. A close study of its characteristics suggests that it may well be the first specimen struck, and was carefully preserved for posterity.

1794 Silver Dollar

1794 Silver Dollar

The finest certified 1792 silver half disme is another prime showpiece, representing the first federal coin. Issued to the extent of about 1,500 pieces in July 1792, these coins were specifically mentioned by President George Washington in his annual address to Congress. Most were lost over the years. Today, only a few hundred remain, most of which show extensive circulation.

A Gem 1793 Chain AMERICA large copper cent will attract attention, as will a 1793 Wreath cent graded by PCGS as MS-69 — a level never reached by any other large copper cent.

“Excitement has been intense,” said Chris Napolitano, president of Stack’s Bowers Galleries. “I expect bidders from all over the world to participate and price records to be set. This may well be the defining auction of the 21st century to date.”

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