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Type Live Webcast Auction
Price Realized 470,000.00 USD
Date Sold 10/26/2017


Lot # 384
Estimate 450,000.00 - 500,000.00 USD
Group - Category Coins & Paper Money - Coins - US
Lead $1 1892-S PCGS MS67 CAC EX ELIASBERG-CORONET
Description
One of the most famous condition rarities of the Morgan dollar series. Any Mint State 92-S is a major rarity, and the higher up the grading scale you go, the harder they are to find. This MAGNIFICENT SUPEB GEM is the second finest known, and a real prize for any specialist. Not only is the quality all there, and then some, the Eliasberg-Coronet pedigree should speak for itself in terms of quality, eye appeal, and prestige. Listed as lot 2290 in the April 1997 sale of the Eliasberg Collection, and described as: "MS67 or finer. An incredible specimen, breathtaking in its beauty and unsurpassed in its appeal. Delicate champagne toning over satiny, lustrous surfaces change to splashes of gold and blue at the rims. One of the keys to the Morgan dollar series, in Mint State, and one of the very rarest at this 'impossible' level. An American numismatic landmark." Today, 20 years later, the coin is just as spectacular! The luster swirls over the velvety surfaces nearly the way an S-mint coin from 1879-1882 would. The lovely toning mostly clings to the rims, keeping the central devices shimmering in their silvery brilliance. The surfaces are essentially without flaws, and as expected for the lofty grade designation, the eye appeal is SUPERB! J. Colvin Randall sold this magnificent coin to J.M. Clapp in March 1894 (Randall likely bought this coin directly at the mint at the time of issue). Passing to John H. Clapp, this coin was purchased by Louis Eliasberg as part of the Clapp estate purchase brokered by Stack's in 1942. It sold in 2001 and placed in the Arno Collection. Arno was sold in the 2009 FUN Auction, and this coin realized $460,000 and placed into the Coronet Collection, the all time #1 PCGS Registry Set of Morgan Dollars. Appearing as lot 61 in our June 2015 Regency Sale, where it realized $446,500. We are proud to reoffer this AMAZING COIN in our Regency Auction XXIII. Coupled with the Vermeule-Coronet 1893-S, this is truly an historic offering! PCGS 5, NGC 5, CAC 2. Only a single MS68 is finer, the famous Jack Lee coin that has not been seen since it sold in a November 2005 auction. To show the depth of the demand for high end examples of this date, four bidders brought a PCGS/CAC MS64 to $200,000 and two of them duked it out all the way to a final realization of $293,750 in our recent Regency Auction XXII; this one will certainly see very strong bidding as it presents a wonderful and important opportunity for any advanced Morgan dollar specialist--the opportunity to buy one of the absolute FINEST 92-S dollars that exist! Cert. Number 28286115 PCGS # 7218
Name The Regency Auction XXIII
Auctioneer Legend Rare Coin Auctions, LLC
Type Live Webcast Auction
Date(s) 10/26/2017
October 26, 2017- 5:30pm ET
Preview Date/Time Lot Viewing: Tuesday, October 24th 3PM-6PM ET | Location: Ormandy Ballroom - By Appointment Wednesday, October 25th 9AM-6PM ET | Location: Ormandy Ballroom Thursday, October 26th 9AM-4:30PM ET | Location: Ormandy Ballroom Thursday, October 26th AUCTION ROOM | 5:30PM ET | Location: Ormandy Ballroom Pre Assembly Lot Pickup & Settlement: Friday, October 27th 9AM-11AM ET | Location: Ormandy Ballroom On Location Phone Number (732)233-0719 Preliminary lot viewing is available by appointment only. Please call (732)935-1168 to schedule an appointment.
Checkout Date/Time Lot Pickup & Settlement: Friday, October 27th 9AM-11AM ET | Location: TBA
Location 237 S. Broad St
Philadelphia, PA 19107
Buyer Premium 17.50% Buyers Premium
Description
Double Tree Philadelphia, PA Lot Viewing: Tuesday, October 24th 3PM-6PM ET | Location: Ormandy Ballroom - By Appointment Wednesday, October 25th 9AM-6PM ET | Location: Ormandy Ballroom Thursday, October 26th 9AM-4:30PM ET | Location: Ormandy Ballroom Thursday, October 26th AUCTION ROOM | 5:30PM ET | Location: Concerto (3rd Floor of Hotel) Lot Pickup & Settlement: Friday, October 27th 9AM-11AM ET | Location: Ormandy Ballroom On Location Phone Number (732) 233-0719 Preliminary lot viewing is available by appointment only. Please call (732) 935-1168 to schedule an appointment.
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 17.50% 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 Nevada are subject to applicable state and local taxes. BIDDING All Bidders must meet Auctioneer's qualifications to bid. 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Pre-approval is required. TERMS 30/60/90 " A 1/3 down payment is due within five days of purchase date. " Additional 1/3 payment due within 30 days of purchase date. " Additional 1/3 payment due within 60 days of purchase date. Interest is due on the outstanding balance after 30 days, at the rate of .83% per month (10% annually). No interest is calculated for the first 30 days and there is no penalty for paying off early. LRCA will maintain possession of item(s) until paid in full. Additional terms and conditions for Extended Payment Terms by Legend Rare Coin Auctions: All sales are final. No returns will be accepted for any items using Extended Payment Terms. In the event that the buyer defaults, LRCA reserves the right to cancel the sale, re-offer the item(s) at a future LRCA sale under the buyer's name, with a minimum bid of 50% of sale price. 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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. 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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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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
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199,999.01 - 399,999.00 10,000.00 USD
399,999.01 - 999,999.00 25,000.00 USD
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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 New Jersey 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. E-Check is available, call our office to setup. INTERNATIONAL BUYERS Foreign buyers, unknown to us, are required to deposit 25% of their anticipated expenditures before bidding. Please contact us in advance of bidding for bank wiring instructions. Extended Payment Terms For all items $15,000.00 and over, LRCA is now offering Extended Payment Terms. Please advise us at least 48 hours before bidding or purchasing the item in question. Pre-approval is required. TERMS 30/60/90 " A 1/3 down payment is due within five days of purchase date. " Additional 1/3 payment due within 30 days of purchase date. " Additional 1/3 payment due within 60 days of purchase date. Interest is due on the outstanding balance after 30 days, at the rate of .83% per month (10% annually). No interest is calculated for the first 30 days and there is no penalty for paying off early. LRCA will maintain possession of item(s) until paid in full. Additional terms and conditions for Extended Payment Terms by Legend Rare Coin Auctions: All sales are final. No returns will be accepted for any items using Extended Payment Terms. In the event that the buyer defaults, LRCA reserves the right to cancel the sale, re-offer the item(s) at a future LRCA sale under the buyer's name, with a minimum bid of 50% of sale price. Any down payments or subsequent installments will be applied to the balance due, together with any deficit relating to the resale of the items. If there is any balance owed to the buyer, LRCA will remit this to buyer within 30 days of sale date. In addition to these terms, all of our standard Terms and Conditions shall govern the sale and use of Extended Payment Terms. 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.