A 1788 New Jersey Copper Leads Above $2.4 Million Estate Coin Sale
86-Lot Event Was Rich With 18th- And 19th-Century Offerings
March 26, 2024
A 1788 New Jersey Copper, MS63 Brown, sold for $192,000 to lead Heritage Auctions estate of Mike Coltrane Collection of U.S. Coins to a gross total of $2,445,498 on Nov. 2. The events top lot is the finest known Maris 50-f and the only Mint State UHead Left Copper. Mike Coltrane was a longtime student of numismatics and a delightful person, a true gentleman of the highest ethics, said Jim Halperin, co-founder of Heritage Auctions. His father was a banker, and Mikes interest in collecting coins and currency dates to his childhood. A 1793 C-3, B-3 Half Cent, MS64+ Brown, CAC, drew 43 bids before selling for $180,000. Once a part of the Donald G. Patrick collection, it is one of seven lots in the auction that reached six figures. Achieving the same $180,000 result was a prime example of the Augustus Humbert United States Assay Office fifties that are icons of American coinage, an octagonal 1852 Assay Office Fifty Dollar, AU55+, CAC. They originally were introduced in 1851, and various iterations of the octagonal design were manufactured through 1852. A 1794 Half Cent, MS64 Red and Brown, CAC, the second or third-finest known example, reached $168,000. The Breen-Hanson Condition Census, now nearly three decades old, includes 11 examples from this die pair that grade uncirculated, just six of which have a recorded provenance that ends 60 or more years ago. A 1797 C-1, B-1 Half Cent, MS65star Brown, CAC, arguably the finest surviving example from these dies and immediately identifiable by the misplaced 1 that is too close to the bust, drew a winning bid of $144,000. One of the most memorable and important Colonials that once was a part of the collection of Eric P. Newman, a 1792 Washington President Cent, XF40, CAC, closed at $132,000. Featuring the T below Washingtons shoulder, this is a singular piece that holds considerable historical significance. There are two major types of the Washington President cents distinguished by their reverses, featuring either the eagle and 13 stars that appear on this example or the General of the American Armies. Also reaching $132,000 was a 1792 Washington President Cent, XF40, CAC, and a 1795 Small Eagle Five Dollar, AU55 realized $66,000. Complete results can be found at www.ha.com/1350.
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