1794 -silver dollar, AU50 NGC Ex Col E.H.R. Green. Sold for $470,000. Image courtesy of Heritage Auctions

ART AUCTION

Newman Collection of rare coins set off a bidding war at Heritage Auctions when coin collectors competed to win valuable rare coins

1776 $1 Continental Dollar Currency, Brass -MS62 NGC. Sold for $440,625, as one of rare coins at auction Image courtesy of Heritage Auctions

NEW YORK, NY– Weeks before the Newman Collection of rare coins went on auction at Heritage Auctions in New York, there was great excitement among rare coin and art collectors who were eager to get to the bidding floor.  As expected, when the fifth installment of the Newman Collection auction opened, there was spirited bidding by all those interested in acquiring some of the very rare and valuable coins. After a vigorous bidding contest among collectors, the Eric P. Newman’s outstanding 1794 silver dollar AU50 NGC. Ex: “Col” E.H.R. Green was the undisputed star, bringing $470,000.   Newman’s 1776 Continental Dollar MS62 NGC, in brass followed closely in second place bringing $440,625. His 1776 Continental Dollar, Currency, Pewter MS63 NGC Plain Edge, the finest of four known and the only one that survives in Mint State, proved highly sought-after by collectors, bringing $381,785. All the rare coins presented for sale sold, making more than $10.4 million.

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The fifth installment of the Newman Collection reinforces the value of the collection that has been a major attraction for collectors of valuable and rare coins. Greg Rohan, President of Heritage Auctions notes that “This latest installment of the epic Newman Collection proved important not only for the spectacular prices realized on the amazing coins, but also because it represents, once again, another auction where every single coin found a new home. This is as much about the rarity of the coins as it is about Mr. Newman’s acclaimed scholarship and stellar reputation.”

HIGHLIGHT OF TOP LOTS

The rare coin list presented during the Heritage auction and spirited bidding shows how valuable  rare coins are to their collectors.  Here are some of the top lots at the fifth installment of the Newman Collection at Heritage auction.

1776 Continental Dollar, Currency, Pewter MS63 NGC Plain Edge. Sold for $381,785. Image courtesy of Heritage Auctions

1. 1785 Inimica Tyrannis America/Confederatio, Large Circle Cent Original MS63 Brown NGC. Price realized: $352,500.

2. 1776 $1 Continental Dollar, E.G. FECIT, Pewter MS66 NGC. Price realized: $305,500

3. 1776 $1 Continental Dollar, CURENCY, Dotted Rings, Brass AU50 NGC. Price realized: $282,000

4. 1867 $20 MS66 NGC. Price realized: $258,500

5. 1796 $2 1/2 Stars AU58 NGC . Price realized: $223,250

6. 1776 $1 Continental Dollar, CURRENCY, Pewter MS64 NGC. Price realized: $199,750

7. 1879 $4 Flowing Hair PR65 NGC. Price realized: $182,125

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