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Lot # : 377 - $20 1879 J-1643 PCGS PR64 DCAM EX SIMPSON

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Type Live Webcast Auction
Price Realized 1,880,000.00 USD
Date Sold 5/19/2016
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Information

Lot # 377
Estimate 1,600,000.00 - 2,000,000.00 USD
Group - Category Coins & Paper Money - Coins - US
Lead $20 1879 J-1643 PCGS PR64 DCAM EX SIMPSON
Description
The Virgil Brand-Amon Carter-Ed Trompeter-Bob Simpson Quintuple Stella. The second Finest Certified of Five Known Specimens of this EXTREMELY RARE Gold Pattern. A landmark, world-class numismatic treasure! Legend Rare Coin Auctions is honored to present one of the rarest and most historic gold pattern issues of the United States, the 1879 metric $20, or Quintuple Stella. This coin is nothing less than breathtaking! Ultra deep mirrors beam from all angles. Only a few minute stray lines keep this magnificent rarity from an even higher graded designation. All the details are fully rendered, the reliefs have a very bold and thick frost, which show stunning contrast against the mirrored fields. Part of a series of special patterns that were designed to facilitate international trade, the $4 Stella was proposed by the U.S. Minister to Austria, John Kasson, who saw a need for a coin that could circulate on par with the Austrian 8 Florin gold coin and other coin in the Latin Monetary Union. There were no U.S. gold coins that could directly correlate, and thus caused unruly exchange transactions. Thus was born the $4 gold coin patterns of 1879 (and 1880). The concept was taken a step further by Dr. Wheeler Hubbell who patented the “goloid” metal, which was an alloy of gold, silver and copper that conformed to the metric system, which was adopted as the official standard for weights and measures in Europe. Out of these two developments, the Quintuple Stella, containing 30 grams of gold, 1.5 grams of silver, and 3.5 grams of copper, would be able to do its duty in international trade. While getting the endorsements of several high powered officials, neither the Stella, or its cousin, the Quintuple Stella, were struck for general circulation. Along with the 1868 $5/25Francs, 1874 Bickford Pattern $10, the 1879 and 1880 Flowing and Coiled Hair Stellas, and the1878, 1879 and 1880 Goloid Metric Dollars, the Quintuple Stella is part of a historical series of patterns that have long intrigued collectors and offer a glimpse into what might have been a huge boon to international commerce. There are five specimens known, one of which (the Brand-Menjou-Farouk-Stack’s coin) is permanently impounded in the National Numismatic Collection at the Smithsonian Institution. The finest (per David Akers) is the Olsen-Wilison-Akers-Holecek-Southern-Collection- Bob R. Simpson piece. Followed by this one, which is the Virgil Brand-Amon Carter- Ed Trompeter-Bob R. Simpson Duplicate. Other famous pieces are the Garrett- Trompeter coin and the Smith-Jenks-Clapp-Eliasberg coins. This coin has not appeared at auction since February 1992, where, even back then, it realized $187,000. What makes this example all the more fascinating, is that of its previous owners, three of them owned more than one example of the Quintuple Stella: Virgil Brand owned 3, Ed Trompeter owned 2, and Bob R. Simpson owned 2, retaining the finer example cited above in his core collection. PCGS 1, NGC 0. Only one piece is graded higher at PCGS, the Simpson Core Collection coin, graded PR64+ DCAM. The most recent sale of a Quintuple Stella was the PCGS PR62 CAM Garrett-Trompeter coin that realized $862,500 in January 2007. This is one of the all-time classic rarities in all of U.S. numismatics. We are honored to have been selected by Bob Simpson to offer this duplicate from his world class pattern cabinet. PCGS # 537318 Certification Number 31672702 PCGS # 537318

Auction Information

Name The Regency Auction XVII
Auctioneer Legend Rare Coin Auctions, LLC
Type Live Webcast Auction
Date(s) 5/19/2016
Live Auction: May 19th, 2016 6:30 CST 4:30 PST 7:30 EST
Location Harrah's Hotel Room: Fulton St. Salon II 228 Poydras St
New Orleans, LA 70130
Buyer Premium 17.50% Buyers Premium
Description
Harrah's Hotel Room: Fulton St. Salon II 228 Poydras St New Orleans, LA 70130 Lot Viewing: Tuesday, May 17th 3PM-6PM CST | Location: Vieux Carre Ballroom - By Appointment Wednesday, May 18th 9AM-6PM CST | Location: Vieux Carre Ballroom Thursday, May 19th 9AM-5PM CST | Location: Vieux Carre Ballroom Lot Pickup & Settlement: Friday, May 20th 9AM-11AM CST | Location: Vieux Carre Ballroom New Orleans on location phone number: (732) 233-0719 Preliminary lot viewing available by appointment only from May 9th - May 13th. Please call 732-935-1168 to schedule an appointment.

Terms and Conditions

Auction Terms & Conditions This is a public auction, conducted in accordance with these Terms and Conditions of Sale, by Legend Rare Coin Auctions (hereinafter referred to as “LRCA"). By bidding on any lot offered by LRCA, the bidder indicates acceptance of the following Terms and Conditions of Sale. Bidders are to comply with the Terms and Conditions of Sale, posted on LegendAuctions.com, at the time of the auction in which they are participating. BUYER'S PREMIUM A 17.5% buyer’s premium will be added to all successful bids, and is payable by the winning bidder as part of the total purchase cost. SALES TAX All sales are subject to applicable state and local taxes. Any lots that are picked up and/or delivered in the state of Louisiana are subject to applicable state and local taxes. PAYMENT All merchandise must be paid for within TEN (10) days of the date of sale. We reserve the right to cancel any unpaid order after that time and to ban the bidder from future sales. Credit cards (Visa, MasterCard and Discover) are accepted for auction payments up to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, or wired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time for them to clear appropriate banking channels. Please email info@legendauctions.com for bank-wiring instructions and/or to provide numismatic references. RETURN POLICY All lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyone on buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder are final. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, based upon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history and origin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that it is possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all items offered in its sales. All items will be available for preview prior to the auction. SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. INTERNATIONAL SHIPPING It is not possible for LRCA to ship to some countries. Please email questions to info@legendauctions.com. Payment for all international orders is required in US funds. Please contact julie@legendauctions.com for bank wiring instructions. Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States will include the required customs declaration and full value of the invoice. BIDS VIA TELEPHONE An absentee bidder may also participate live, during the auction, via telephone. Requests for phone bidding must be received at least three days prior to the auction date. Please fill out our phone bidding request form online or call 732-935-1795 to request a call from one of our representatives during the live auction. LRCA cannot guarantee phone lines, but will make every effort to accommodate those who wish to participate via this method. 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A reserve is a price below which the auctioneer will not sell an item, or will re-purchase the item on behalf of the consignor or for LRCA. LRCA permits bids to be placed by the auctioneer, or an employee of the auctioneer, up to the pre-determined reserve set by the consignor. Legend Rare Coin Auctions' partner, Legend Numismatics, reserves the right to bid on items, for its own account and for the accounts of its clients. --------------------------------------------- ------------------------------------------ Terms Of Use

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Bidder User Terms

Bid Increments

Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 199.00 10.00 USD
199.01 - 999.00 25.00 USD
999.01 - 1,999.00 50.00 USD
1,999.01 - 4,999.00 100.00 USD
4,999.01 - 9,999.00 250.00 USD
9,999.01 - 19,999.00 500.00 USD
19,999.01 - 39,999.00 1,000.00 USD
39,999.01 - 99,999.00 2,500.00 USD
99,999.01 - 199,999.00 5,000.00 USD
199,999.01 - 399,999.00 10,000.00 USD
399,999.01 - 999,999.00 25,000.00 USD
999,999.01 - 1,999,999.00 50,000.00 USD
1,999,999.01 - 9,999,999.99 100,000.00 USD

Payment Information

Currency USD
Buyer Premium 17.50% Buyers Premium
Payment Terms
SALES TAX All sales are subject to applicable state and local taxes. Any lots that are picked up and/or delivered in the state of Louisiana are subject to applicable state and local taxes. PAYMENT All merchandise must be paid for within TEN (10) days of the date of sale. We reserve the right to cancel any unpaid order after that time and to ban the bidder from future sales. Credit cards (Visa, MasterCard and Discover) are accepted for auction payments up to $2,500.00 per invoice. Invoices and/or balances over $2,500.00 must be paid via personal or certified check, money order, or wired funds. Personal checks, money orders and cashier’s checks may be held for up to 10 business days in order to allow time for them to clear appropriate banking channels. Please email info@legendmorphy.com for bank-wiring instructions and/or to provide numismatic references. RETURN POLICY All lots are sold “as is.” Lots graded by PCGS, NGC or other third-party grading services, or any lot viewed by the buyer or anyone on buyer’s behalf prior to the auction, may not be returned. This is not an approval sale. All sales of lots to the highest bidder are final. Bidders are strongly advised and encouraged to research any lots upon which they plan to bid, and to determine bids, based upon their own evaluation. Bidders assume all risks concerning and related to the grade, quality, appearance, condition, history and origin of any lot. Bidders acknowledge that coin grading is not an exact science, that it can be subjective and inconsistent and that it is possible that two parties might assess or grade the same coin differently. LRCA makes every effort to accurately describe all items offered in its sales. All items will be available for preview prior to the auction.

Shipping / Pick Up

SHIPPING Shipping costs will be billed separately and are non-refundable. Items will usually ship within 5-10 business days after payment has been received and/or funds have cleared. Coins will be shipped via Fed Ex or USPS or transported via armored carrier. The shipping charge includes fees for our third-party insurance coverage, as well as any costs incurred through the USPS or Federal Express. Any shipments made via armored carrier (Brinks, Dunbar, etc.) will be calculated and assessed at the time of shipment. INTERNATIONAL SHIPPING It is not possible for LRCA to ship to some countries. Please email questions to info@legendauctions.com. Payment for all international orders is required in US funds. Please contact julie@legendauctions.com for bank wiring instructions. Customs requirements for each country are the responsibility of the buyer. All packages shipped outside of the United States will include the required customs declaration and full value of the invoice.