The recent auction of the 1873 Battle Born Collection dime at the Stacks Bowers Galleries event has sent ripples through the numismatic community. Achieving a groundbreaking sale price of $1.84 million, this dime's significance goes beyond its monetary value.
With only two complete sets of Carson City coinage known to exist, and the unique feature of a partially missing 'S' in 'States,' this coin stands as a proof to both history and rarity.
The implications of this record-breaking sale highlight a trend that may reshape the landscape of coin collecting and investing.
Key Takeaways
- Rare 1873 dime sold for a record $1.84 million at the Stacks Bowers Galleries auction.
- Certified as MS-65 by PCGS, it is the most expensive dime ever sold and highly sought after.
- Only the second coin from 12,400 minted, with a unique missing 'S' feature.
- The Battle Born Collection realized nearly $10 million, with the 1873 dime leading the sales.
Auction Highlights
One of the most prominent highlights of the auction at the Stacks Bowers Galleries during the Philadelphia ANA Worlds Fair of Money was the remarkable sale of a rare 1873 dime for a groundbreaking price of $1.84 million. This exceptional sale not only underscores the strength of the numismatic market but also highlights the significant price appreciation that rare coins can experience.
The auction showcased the increasing demand for high-quality, rare coins among collectors and investors, reflecting a trend of historical appreciation in coin values. The extraordinary price achieved for the 1873 dime exemplifies the allure of coins with unique features and limited mintage, driving intense bidding and setting new benchmarks in the world of coin auctions.
Coin Rarity and Certification
The significance of coin rarity and certification in the numismatic market is paramount, shaping collectors' interests and influencing the value of prized coin specimens.
The 1873-CC No Arrows Liberty Seated dime, recently sold for a record $1.84 million, was certified as MS-65 by PCGS. This high 1873 dime grading underscores the importance of coin authentication in establishing the coin's quality and rarity.
The authentication process guarantees collectors that the coin is genuine and accurately graded, adding to its desirability and market value.
In the case of the 1873 dime, its exceptional grade contributed markedly to the historic price it fetched at auction, highlighting the critical role that coin rarity and certification play in the numismatic world.
Unique Features of the 1873 Dime
Exhibiting a distinctive numismatic anomaly, the 1873 Dime showcases a notable feature in the form of a missing upper segment in the inscription of 'thus'. This missing 'S' is a unique characteristic that sets this coin apart and adds to its historical significance and rarity. Below is a table highlighting this distinctive feature:
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| thus | hus | us |
| of | of | of |
| America | America | America |
| One | One | One |
This minted rarity, with only two known to exist, further enhances the allure of the 1873 Dime among collectors and enthusiasts alike. The missing 'S' in the inscription adds a layer of mystery and intrigue to this already prized coin.
Event Recap and Location
During the prestigious Stacks Bowers Galleries auction at the Philadelphia ANA Worlds Fair of Money, the rare 1873 dime from the Battle Born Collection set a new record by fetching an impressive $1.84 million.
The event drew numismatic enthusiasts and collectors from around the globe to witness this historic moment. The auction excitement was palpable as bidding soared to unprecedented levels.
Amidst the grandeur of the Pennsylvania Convention Center, attendees marveled at the exquisite coins on display, with the 1873 dime stealing the spotlight. The show's success was evident in the high event attendance, showcasing the growing interest in rare coins and the thrill of competitive auctions.
Notable Sales From the Show
Following the record-breaking sale of the rare 1873 dime at the Stacks Bowers Galleries auction, notable sales from the show highlighted the growing interest in numismatics and the remarkable prices fetched by rare coins.
The significant contributions to charity from the proceeds of these sales underscored the generosity within the numismatic community.
Collector interest was piqued not only by the historical appreciation of these coins but also by the investment opportunities they present.
The auction showcased the allure of rare coins, with prices reflecting their scarcity and unique attributes.
This trend not only emphasizes the historical significance of these numismatic treasures but also positions them as valuable assets for those looking to invest in tangible and historically significant items.
Impact on the Numismatic Community
The recent surge in record-breaking auction prices for rare coins has sparked a notable shift in the dynamics of the numismatic community, drawing increased attention to the historical significance and investment potential of these unique treasures.
This surge has resulted in a significant community response, with members expressing heightened interest in rare coins. The increasing prices have also led to a renewed appreciation for the historical significance of these numismatic artifacts. Collectors and investors alike are recognizing the value in acquiring such pieces for both personal enjoyment and long-term financial gain.
The numismatic community is witnessing a transformation as more individuals are drawn to the allure of rare coins, highlighting their enduring appeal and lasting impact.
Trends in Coin Collecting and Auctions
The escalating prices achieved at recent rare coin auctions have not only captivated collectors and investors but also spotlighted a shift in trends within the numismatic world regarding coin collecting and auction dynamics. Market analysis reveals a notable increase in the investment potential of rare coins, with historical appreciation driving up prices. Collectors are increasingly viewing rare coins not just as prized possessions but as valuable investment opportunities.
The emphasis on rarity and unique features continues to be a significant factor influencing high coin prices. Auction houses play a vital role in facilitating the sale of these rare coins, attracting high bids and generating interest among numismatists. This evolving trend in the numismatic market underscores the growing popularity of coin collecting as a lucrative and rewarding pursuit.
Conclusion
To sum up, the recent sale of the rare 1873 dime from the Battle Born Collection at the Stacks Bowers Galleries auction signifies a significant milestone in numismatics.
The record-breaking price of $1.84 million highlights the growing appreciation for rare coins and the increasing demand within the numismatic market.
This event underscores the historical and monetary value of such unique pieces, driving both collector interest and investment opportunities in the field of coin collecting.
