Cardinal Collection, Significant Americana, Auctions in New York

Stack’s Bowers Galleries on January 24, 2013, held an auction for The Cardinal Collection, one of the most significant U.S. coin collections ever assembled.

The striking, one-of-a-kind collection features some of the rarest and most expensive United States coins of any denomination, type, or date struck during the late 18th and early 19th centuries.

Highlights include two of the most famous silver coin rarities from the earliest years of the U.S. Mint as well as several coins expected to realize more than one million dollars.

A 1794 Flowing Hair Silver Dollar graded Specimen 66 by PCGS is the ultimate showpiece in The Cardinal Collection. Analysts expect the piece of American heritage to fetch several million dollars when it crosses the block. It is the finest known specimen of the first silver dollar minted by the United States and it is believed to be the first example struck of a lot of only 1,758 released by the Mint.

A 1792 Half Disme graded MS-68 by the NGC is the single known example of the first federal coin of any kind. One of only 1,500 struck in July 1792, it is struck from silver believed to have been personally supplied by George Washington. The pedigree of the coin even extends to David Rittenhouse, the first director of the United States Mint.

The auction will be held in the heart of Manhattan at the firm’s office on West 57th Street.

In 2010, the Cardinal Collection Education Foundation’s large cents collection was displayed at the Whitman Coin & Collectibles Baltimore Expo. Included in the exhibition was a 1793 S-2 Chain Cent graded MS-65BN by PCGS, regarded as superb gem and among the finest of all chain cents.

In August 2010, a Boyd-Cardinal 1794 Silver Dollar from the Cardinal Collection sold for $1,207,500 at a hotel in Boston.

Also in 2010, the Cardinal Foundation set a record for the world’s most valuable rare coin as it purchased the First 1794 Flowing Hair Silver Dollar, now up for auction in New York, known as the Neil/Carter/Contursi specimen for $7,850,000. The coin was sold by Steven L. Contursi, President of Rare Coin Wholesalers of Irvine, California, to the Cardinal Collection Education Foundation, a nonprofit organization.

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