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PCGS CoinFacts Coin Dealer Hall of Fame adds to growing list of inductees

August 9, 2017 in Awards, Coin Dealers, Coin Shows, Coins, Collecting, Competition, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, USA Coins, World Coins

By: Press Release News.CoinUpdate.com (Coin Update News)

(Denver, Colorado)—On Friday, August 4, 2017, two more renowned numismatists joined the ranks of the PCGS CoinFacts Coin Dealer Hall of Fame.

In the final days of this year’s World’s Fair of Money, during the PCGS Set Registry Luncheon, Kevin Lipton and the late David Proskey joined the esteemed list of numismatists who comprise the PCGS CoinFacts Hall of Fame.

“It’s important that we acknowledge those who have made tremendous contributions to the industry and the hobby we love. Kevin Lipton and David Proskey did just that. The PCGS CoinFacts Hall of Fame has been adding prestigious names throughout numismatics since 2010,… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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The 1804 $ 1.00 Dexter/Pogue Coin

April 7, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Collector Sets, Conventions, Dollar Coins, Events, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

By: Legend Numismatics Market Reports

Post Baltimore Show

Legend Numismatics did all time record business of $10-$12,000,000.00 starting March the 27th and ending April 7th. We spent about $9,000,000.00 buying and representing people in BOTH Blue Moon and The Pogue Sale. Activity this past week in the office was off the charts and we are still counting it all up! We could have sold 5 1869 $1 PCGS PR64 Cameo CAC (one collector even offered us MORE then the listed price)! For us to do this kind of business, the market has to be strong. What more proof do you need?
Of course the biggest deal… Full article at the source>

Source: Legend Numismatics Market Report

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Legend Buys Dexter/Pogue 1804 Dollar From Lipton and Albanese

April 3, 2017 in Coins, Collecting, Collector Sets, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
April 3, 2017

News media contacts:

Laura Sperber, office: 800-743-2646
Kevin Lipton, office 310-712-8118
John Albanese, office 908-781-9101

Legend Buys Dexter/Pogue 1804
Dollar From Lipton and Albanese

Famous coin now part of “Super Collector” Bruce Morelan’s early American dollars set

 

Dexter Pogue 1804 dollar: Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of "Super Collector" Bruce Morelan.  (Photo image courtesy of PCGSCoinFacts.com.)

Dexter Pogue 1804 dollar:
Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of “Super Collector” Bruce Morelan. (Photo image courtesy of PCGSCoinFacts.com.)

(Lincroft, NJ) – The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. silver dollar purchased at auction on Friday night, March 31, 2017, for $3,290,000 jointly by Kevin Lipton of Beverly Hills, California and John Albanese of Bedminster, New Jersey, was sold by them less than 48 hours later.  Graded PCGS Proof 65, it was bought on Sunday afternoon, April 2, 2017, by Laura Sperber of Legend Numismatics in Lincroft, New Jersey on behalf of well-known collector Bruce Morelan, owner of the all-time finest set of early American dollars listed in the PCGS Set Registry®.

“John and I bought the coin (at the Stack’s Bowers auction at the Whitman Baltimore Expo) in a moment of opportunity. We didn’t have any customers for it Friday night; we just thought at $3.3 million that it was the best buy of a high value rare coin in the last 20-plus years,” Lipton explained.

Then the offers started coming in.

“We purchased this coin on spec and were really quite shocked that our book bid of $2.8 million (plus buyer’s fee) was successful.  We both thought it would sell for $4 million or more Friday night.  By Sunday, we had six interested parties who were calling, sending emails and texts wanting to buy the coin from us.  Kevin and I are pleased it’s going to a good home,” said Albanese.

Sperber negotiated the sale on Sunday morning on behalf of Morelan. The purchase price was not disclosed.

“It is a hell of a coin and a hell of a deal for Super Collector Bruce Morelan,” stated Sperber.  “After Friday night’s auction, I suggested we probably need this coin in his early American dollars set. The negotiations with John and Kevin took only a few minutes to work out and everyone involved is happy.”

Morelan also was surprised at the winning bid price for the coin at the auction.

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars.  (Photo by Donn Pearlman.)

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars. (Photo by Donn Pearlman.)

“I was shocked when the coin sold so low.  I’m happy to pick it up for a few incremental bids over that level.  While the coin is not necessary for the circulation strike early dollars set, it certainly is complimentary to my set and collection as a whole,” Morelan said.

Among the world’s most famous rare coins, only 15 1804-dated silver dollars are known today, and eight of them are categorized as Class I, including the Dexter/Pogue specimen.

No silver dollars dated 1804 actually were struck that year.  Researchers believe the surviving Class I examples were made by the United States Mint in the 1830s to be given as diplomatic gifts for a State Department mission to the Far East and Asia. Decades later, Mint employees made a handful of other, similar examples of 1804-dated dollars for collectors.  

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Statement from Kevin Lipton

April 2, 2017 in Antique Coins, Auctions, Coins, Collecting, Dollar Coins, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

Statement from Kevin Lipton
President, Kevin Lipton Rare Coin, Inc., Beverly Hills, California

 

April 1, 2017

 

Dexter/Pogue 1804 dollar

Dexter/Pogue 1804 Draped Bust dollar

Somewhere over Topeka, Kansas Friday night, while I was flying back to Los Angeles from Baltimore, John Albanese and I jointly purchased the Dexter/Pogue 1804 Draped Bust dollar for $3,290,000. This is actually the second time I’ve owned this historic rare coin. I purchased it with Hugh Sconyers for a then-record price of $990,000 on behalf of the American Rare Coin Fund at Auction ’89 in Chicago in 1989.

I bought the coin this time strictly the way I buy everything: on a basis of opportunity. In my opinion, this was the best buy of a high value rare coin in the last 20-plus years. It was a moment of opportunity. I don’t have any customers for it, I just want to enjoy it now.

When opportunity knocks, you have to be there to answer.  I was expecting this coin to sell for between $4 and $5 million, and was stunned at this kind of opportunity to acquire it for less than $3.3 million.

John (Albanese) and I have been friends and have done business together for decades. He is one of the most respected numismatists in the world, and was an original co-founder of both PCGS and NGC as well as CAC. We are both excited and happy now to own one of the world’s most famous rare coins.

 

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