IRVINE, Calif. (November 9, 2012) — Stack’s Bowers Galleries announces the sale at auction of the Cardinal Collection. Formed over a period of years by Martin Logies, one of America’s best-known connoisseurs, the coins will cross the auction block in our New York Americana Sale, January 22–25, 2013. The treasures, valued in the tens of millions of dollars, will launch our special Rarities Night event, held January 24, 2013, at the Le Parker Méridien Hotel.
The highlight is the finest known 1794 silver dollar, graded Specimen-66 PCGS. As the first United States coin of this denomination, it will be one of the most important rare coins ever to cross the block. A close study of its characteristics suggests that it may well be the first specimen struck, and was carefully preserved for posterity. The finest certified 1792 silver half disme is another prime showpiece, representing the first federal coin. Issued to the extent of about 1,500 pieces in July 1792, these coins were specifically mentioned by President George Washington in his annual address to Congress. Most were lost over the years. Today, only a few hundred remain, most of which show extensive circulation.
A Gem 1793 Chain AMERICA large copper cent will attract attention, as will a 1793 Wreath cent graded by PCGS as MS-69 — a level never reached by any other large copper cent. Other Gems in the cent series abound through the end of the series.
“Excitement has been intense,” noted Chris Napolitano, president of Stack’s Bowers Galleries. “I expect bidders from all over the world to participate and price records to be set. This may well be the defining auction of the 21st century to date.”
In addition to the Cardinal Collection, the sale will feature other United States coins of all denominations, from copper half cents to gold $20 double eagles, including many rarities and finest known examples. American tokens, medals, and paper money will be important as well. The auction will be spread over three days and include several thousand lots. Printed catalogs are available upon request by calling 800.458.4646. Online bidding and pre-auction bids will begin in December on StacksBowers.com, by email at auction@StacksBowers.com and by phone at 800.458.4646.
About Stack’s Bowers Galleries
Stack’s Bowers Galleries, a division of Fortune 500 Company Spectrum Group International Inc., was launched in January 2011, combining the extraordinary histories of Stack’s, the oldest rare coin auction and retail company in America, with Bowers and Merena Auctions, one of the world’s preeminent auctioneers of rare coins and paper money. The two companies unite to share a combined legacy that spans more than 100 years, and includes the cataloging and sale of many of the most valuable collections to ever cross an auction block — The John J. Ford, Jr. and Louis E. Eliasberg, Sr. collections, The Harry W. Bass Jr., Collection, and The Norweb Collection — to name just a few. Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coins: The legendary 1933 Saint-Gaudens Double Eagle that realized an astounding $7.59 million (sold in partnership with Sotheby’s). The company is headquartered in Irvine, California, with offices in New York, New Hampshire and Hong Kong. Stack’s Bowers Galleries is the Official Auctioneer for several important numismatic conventions, including the 2013 ANA World’s Fair of Money and the ANA/PNG Pre-Show, the 2013 ANA National Money Show, and the Whitman Coin and Collectibles Baltimore Expo, three times yearly.