Bently Coin Collection Realizes Just Shy of $9 Million at Auction

//Bently Coin Collection Realizes Just Shy of $9 Million at Auction

Bently Coin Collection Realizes Just Shy of $9 Million at Auction

  • Rare coin collection of Donald E. Bently

On March 20, 2014, Heritage Auction closed the auction of the Bently rare coin collection, realizing just under $9 million.  Of the 600 coins available for purchase, 15 fetched six figure prices, one being purchased for over $1 million.  The highest selling coin was the 1927-D St. Gaudens double eagle, graded MS63 by PCGS.  In a previous article, this coin had a current bid price of $850,000.  At the close of the auction, the winning bid was a staggering $1,292,500.

As anticipated, this coin received the highest purchase price of the entire collection.  Following was the 1870-CC Liberty double eagle, graded AU53 by PCGS.  Although speculation put the 1930-S St. Gaudens double eagle, graded MS65 by PCGS as the third highest grossing coin, it actually finished sixth. Beating its price were the 1830 $2 1/2 Templeton Reid Quarter Eagle graded AU55, the 1851 $50 LE Humbert Fifty Dollar graded MS60, and the 1854-S Liberty Quarter Eagle, Good 6.

Rare coins present investors an opportunity to put their wealth into beautiful assets meant to be held long-term. These high dollar and extremely rare coins consistently experience bull markets. When collectors/investors buy at six and seven figure prices, they are intending to hold the assets, effectively removing them from the market for quite some time.  This only increases their rarity and appeal for future collectors/investors and provide profit opportunities when put back on the market.

If you are in the market to acquire beautiful hard assets for long term investments, rare coins are an excellent option.  National Coin Broker offers our clients a Rare Coin Acquisition Program, providing “white glove” numismatic services to collectors and investors.  These services include portfolio assessments and recommendations on buying rare coins, anonymous market representation at all trade shows and auctions, as well as an easy exit strategy should you need to liquidate your investments.  Click here for more information.

2016-10-31T12:20:04-04:00By |Categories: Rare Coin News|

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President and CEO of National Coin Broker
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