Click Main Image For Fullscreen Mode
Type Live Webcast Auction
Price Realized 164,500.00 USD
Date Sold 12/3/2020


Lot # 2
Estimate 120,000.00 - 140,000.00 USD
Ring # 1
Group - Category Coins & Paper Money - Coins - US
Lead $5 1861-C PCGS MS63 CAC
Description
THE BIGMO CIVIL WAR COLLECTION PART II Ex Elrod Collection. This is the SINGLE FINEST 1861-C half eagle known and is a particularly CHOICE example of this RARE date. The final issue from the Charlotte Mint, the 61-C saw a mintage of 6,879 pieces, including 887 estimated struck in May 1861 under the authority of the Confederacy. The mint fell into rebel hands on April 20, 1861. Its low mintage and historical context makes this a very popular date for the collector, and is avidly sought in all grades. Doug Winter notes: "the 1861-C is very rare in AU58 and exceedingly rare in full Mint State, with just two or three examples known to me, including a choice MS63 that ranks among the most important Charlotte half eagles in existence." Today, PCGS CoinFacts estimates that 300 survive in all grades with just five coins thought to be Mint State (including duplication, PCGS and NGC have graded a total of 11 pieces. There are five listed as NGC MS61--perhaps there is duplication there). Premium Quality is exemplified on this TOTALLY ORIGINAL and FRESH to the market $5. Incredible luster has a thick frost throughout the satiny surfaces. There is a bold flash that gives life to what are often lifeless surfaces. Rich orange-gold coloration has some green-gold accents. Sharply struck with bold crisp definition on the devices. Clearly the surfaces have never been messed with. The surfaces are very clean for a date that often is seen with heavy abrasions. We note, with the aid of a strong glass, a few tiny scratches, and some mint made planchet roughness on the reverse. These minor flaws, if they can be called that, are easily ignored in the overall scheme of the outstanding visual allure and high end technical quality. Like other southern branch mint issues that were coined by the Confederacy, there is no documentary evidence of exactly which coins were struck, but there is numismatic evidence. Dies were produced in Philadelphia and were sent to the various branches. Only one die pair was used to strike the 1861-C half eagles. With a serious die crack from the rim above the left upright and through the M in AMERICA. This is described as Die State II in Doug Winter's Gold Coins of the Charlotte Mint. Ex Orchard Collection, New England Rare Coin Galleries, January 1982, lot 1441; Elrod Collection; William Miller Collection, Heritage February 1999, lot 6305; Heritage FUN 2000, lot 7769, where it sold for a record $59,800 as NGC MS63. The Heritage and PCGS CoinFacts pedigree show Stack's May 1986. If this coin was handled by Stack's it was via Private Treaty, and not in the May 1986 auction, as the 1861-C $5 in that sale was called Extremely Fine, and had another die break at the mintmark. This is a phenomenal coin that ranks among the very best southern branch mint gold pieces! Of all the great cabinets of southern branch mint gold coins: Eliasberg, Bass, Norweb, James Stack, Ed Milas, etc, nothing remotely close to this AMAZING example has been offered. As state forces continued to seize federal military posts in early February 1861, delegates from the seceded states met to form a provisional government. Adopting a provisional constitution on February 8 and electing Jefferson Davis as president the following day. Less than a week later, the Confederate Congress established a Peace Commission; its task: trying to prevent a war with the United States. PCGS 1, NGC 1, CAC 1. This is the NGC MS63. The ONLY PCGS Mint State example to ever sell was a 61 that sold back in March 2001. Indeed the most recent Mint State coin to sell in auction was an NGC MS60 that sold in December 2019 for the second highest price ever for an example of this date realizing $45,600. We believe that the PCGS Price Guide value of $100,000 is totally incorrect. This coin has been off the market for two whole decades, the pent up demand will easily blast this coin well in excess of that level! A prize for any southern branch mint specialist or any advanced collector of Civil War gold! This may well be a once in a lifetime opportunity that cannot be missed! Cert. Number 5974094 PCGS # 8289.00
Name The Regency Auction 42
Auctioneer Legend Rare Coin Auctions, LLC
Type Live Webcast Auction
Date(s) 12/3/2020
Location Park MGM, 3770 S Las Vegas Blvd,
Las Vegas, NV 89109
Buyer Premium 17.50% Buyers Premium
Description
AUCTION STARTS DECEMBER 3RD AT 4:30P PT
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. Any Bidder who is not a client in good standing of the Auctioneer may be disqualified at Auctioneer's sole option and will not be awarded lots. Such determination may be made by Auctioneer in its sole and unlimited discretion, at any time prior to, during, or even after the close of the Auction. To ensure the safety of all our bidders Legend Rare Coin Auctions reserves the right to request a minimum of two industry references and/ or a bank letter of credit for all new bidders. International bidders that are unknown to Legend Rare Coin Auctions will be required to deposit 25% of their anticipated expenditures. Please contact a Legend representative at least 48 hours in advance of bidding for approval and payment instructions for all purchases. Auctioneer reserves the right to exclude any person from the auction. 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. 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, at our discretion please contact our finance department at 732-935-1168 to discuss specific terms that can be offered. Please advise us at least 48 hours before bidding or purchasing the item in question. Pre-approval is required. 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. 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 732-935-1168 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. RIGHTS AND RESPONSIBILITIES The auctioneer will determine the highest bidder. The auctioneer, alone, has the right to reopen the bidding for an item, if deemed necessary. LRCA and its representatives reserve the right to remove any attendees who impede the preview and/or the auction. Title to all merchandise shall pass to the winning bidder after receipt of good funds by LRCA. Bidders will be held responsible for their bids, including those bids placed incorrectly. PLEASE VERIFY BIDS BEFORE SUBMITTING THEM. In order to have a bid removed or corrected, bidder must contact LRCA prior to start of the auction. Bidder waives auctioneer's responsibility and holds LRCA harmless for failure to recognize, accept, receive or execute any lost or missing bids by internet, telephone, email, floor bid, fax, mail or other means. LRCA reserves the right to postpone or cancel an auction without notice. Lots may be withdrawn at LRCA's discretion, without prior notice. Lots may carry a reserve. 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. DISCLAIMER AND WARRANTIES NO WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE IS MADE OR IMPLIED ON ANY LOT. NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, IS MADE WITH RESPECT TO ANY LOT EXCEPT FOR WARRANTY OF TITLE, AND IN THE CASE OF TITLE, AUCTIONEER IS SELLING ONLY THAT RIGHT OR TITLE TO THE LOT THAT THE CONSIGNOR MAY HAVE AS OF THE AUCTION SALE DATE. ALL LOTS ARE SOLD "AS IS" AND WITH ALL FAULTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING, QUALITY, DESCRIPTION, CONDITION, AUTHENTICITY, AND PROVENANCE OF A LOT. a. COINS AND CURRENCY LISTED IN THIS CATALOG GRADED BY PCGS, NGC, OR ANY OTHER THIRD PARTY GRADING SERVICE OR EXAMINED BY THE BUYER PRIOR TO THE AUCTION MAY NOT BE RETURNED FOR ANY REASON WHATSOEVER BY ANY BUYER, EXCEPT FOR CLAIMS RELATED TO AUTHENTICITY. b. For non-certified coins that have not been examined by the Buyer prior to the Auction Sale: if it is determined in a review by LRCA that there is a material error in the catalog description of a non-certified coin or the LRCA no later than seventy-two (72) hours of delivery of the lots in question, and such lots are returned and received by LRCA, in their original, sealed containers, no later than fourteen (14) calendar days after delivery, in the same condition the lot(s) were delivered to the Buyer, time being of the essence. c. If an item or items are returned pursuant to the terms herein, they must be housed in their original, sealed and unopened container. d. Late remittance or removal of any item from its original container, or altering a coin constitutes just cause for revocation of all return privileges. e. 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LRCA reserves the right to vary or alter the Terms of Sale, either generally or with respect to specific persons or circumstances, in its sole discretion. Any variation or alteration shall be effective only if in writing and signed by an officer of LRCA authorized to do so. h. LRCA is acting as an auctioneer. Title to the lots purchased passes directly from the Consignor to the Buyer. Accordingly, LRCA is not making, and disclaims, any warranty of title. i. Bidder acknowledges that the numismatic market is speculative, unregulated and volatile, and that coin prices may rise or fall over time. LRCA does not guarantee or represent that any customer buying for investment purposes will be able to sell for a profit in the future. j. Bidder acknowledges and agrees that neither LRCA, nor its employees, affiliates, agents, third-party providers or consignors warrant that auctions will be unimpaired, uninterrupted or error free and accordingly shall not be liable for such events. 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It is the intention of Bidder that this waiver and release shall be effective as a bar to each and every Claim that may arise hereunder or be related to the Auction Sale. Disputes If a dispute arises concerning ownership of a lot or concerning proceeds of any sale, LRCA reserves the right to commence a statutory inter-pleader proceeding at the expense of the Consignor and Buyer and any other applicable party, and in such event shall be entitled to its reasonable attorneys' fees and costs. LRCA reserves the right to cancel or postpone the Auction Sale or any session thereof for any reason whatsoever. No Bidder shall have any claim as a result thereof, including for incidental or consequential damages. Neither LRCA nor any affiliated or related company shall be responsible for incidental or consequential damages arising out of any failure of the Terms of Sale, the auction or the conduct thereof and in no event shall such liability exceed the purchase price, premium, or fees paid. Rights granted to Bidders under the within Terms and Conditions of Auction Sale are personal and apply only to the Bidder who initially purchases the lot(s) from LRCA. The rights may not be assigned or transferred to any other person or entity, whether by sale of the lot(s), operation of law or otherwise. Any attempt to assign or transfer any such rights shall be absolutely void and unenforceable. No third party may rely on any benefit or right conferred by these Terms and Conditions of Auction Sale. Any dispute arising out of or related to these Terms of Sale, the Auction Sale or any lot, with the sole exception of actions by Legend Rare Coin Auctions to collect amounts owed to it and other damages, shall be submitted to binding arbitration pursuant to the commercial arbitration rules of the American Arbitration Association, with any arbitration hearing to occur in Monmouth County, New Jersey. Absent an agreement of the parties, the arbitrator shall limit discovery to that which is necessary to enable the hearing to proceed efficiently. The arbitrator shall not have the power to award punitive or consequential damages, nor alter, amend modify any of the terms of this Agreement. The award by the arbitrator, if any, may be entered in any court having jurisdiction thereof. Each party shall pay one-half the costs of the arbitration. Bidder acknowledges and agrees that the competent courts of the State of New Jersey shall have exclusive in personam jurisdiction, subject to the requirement to arbitrate, over any dispute(s) arising hereunder, regardless of any party's current or future residence or domicile. Bidder further agrees that venue of the arbitration proceeding shall be in Monmouth County, New Jersey; and any court proceeding shall be in the Monmouth County Superior Court, in the State of New Jersey, and in each case waive any claim of Forum Non Conveniens. Bidder agrees that any arbitration or legal action with respect to this Auction Sale is barred unless commenced within one (1) year of the date of this Auction Sale. AUCTION PARTICIPANTS EXPRESSLY WAIVE ANY RIGHT TO TRIAL BY JURY. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
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
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 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. 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 EXTENDED PAYMENT TERMS For all items $15,000.00 and over, LRCA is now offering Extended Payment Terms, at our discretion please contact our finance department at 732-935-1168 to discuss specific terms that can be offered. Please advise us at least 48 hours before bidding or purchasing the item in question. Pre-approval is required. 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 info@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.