Red Sox Co-Owner's Gold Coins in Historic Auction With a conservative pre-sale estimate of more than $15 million, the gold coin collection of Boston Red Sox Vice Chairman, Phillip H. Morse, is expected to set several records on November 3, 2005.
News-Antique.com - Nov 30,-0001 - (Dallas, Texas) -- The extraordinary gold coin collection of a Boston Red Sox executive is expected to set a world's record of more than $15 million when it is sold in Dallas this Thursday, November 3, 2005, by Heritage Galleries & Auctioneers of Dallas, Texas (www.HeritageCoins.com).
The collection of coins with historic links to President Theodore Roosevelt was assembled by Phillip H. Morse, a Vice Chairman and co-owner of the baseball club.
"With a conservative pre-sale estimate of at least $15 million, this will be the world's most valuable one-owner, single-session rare coin auction. Two of the coins are expected to set individual record prices over $2 million each," said Greg Rohan, President of Heritage Galleries & Auctioneers.
"The coins that he accumulated over the last 30 years are breathtaking. Mr. Morse's early 20th century U.S. gold pieces are in superb condition, and we anticipate incredible demand for them," he said.
Virtually all of the coins were designed by renowned sculptor, Augustus Saint-Gaudens, at the direct request of President Theodore Roosevelt who wanted to re-design the nation’s coinage. The Saint-Gaudens $20 denomination "Double Eagle" gold pieces were first issued in 1907 and today are considered by many numismatists as the most beautiful coins ever minted by the United States, according to Rohan.
One of the multi-million dollar coins has the date, 1907, in Roman numerals, MCMVII. "It is known as the 'Ultra High Relief' and was actually struck seven times to bring up the design details so high that the coins could not easily stack one on top of the another. Mr. Morse's coin is in pristine condition, and believed to be the finest surviving example," said Rohan.
A former medical device manufacturer, Morse is founder of Heritage Creations, a company that provides products and services to golf courses and resorts worldwide.
The Morse Collection auction originally was scheduled to be held this week in Palm Beach, Florida in conjunction with a rare coin show there; however the show was cancelled because of Hurricane Wilma. The auction now will be held at the Dallas headquarters of Heritage Galleries & Auctioneers as well as the previously planned online bidding (www.HeritageCoins.com).
Information about the sale can be obtained from Heritage Galleries & Auctioneers, 3500 Maple Ave., 17th Floor, Dallas, Texas 75219. Phone: (800) 872-6467. Online: www.HeritageCoins.com.