Price Records Shattered! (Denver, CO, August, 2006)
Monaco Rare Coin Purchases 4th-Rarest Regular Issue U.S. Coin for $1,610,000:
Historical Exhibitions & Price Records Shattered at ANA month, 2006
a GEM++ Proof 1861 $20 brought in a whopping $483,000!
But real history was made when two regular issue $20 gold coins set world records: An inexplicable 1921 St. Gaudens in choice MS63 sold for a whopping $1,495,000. Why? How? I can't explain it! However, I can explain this one: The fourth rarest issue of a United States coin, and a coin listed in Jeff Garrett's "100 Greatest United States Coins" book is the 1861 Philadelphia "Paquet Reverse" Type I $20 gold coin. It set a world record for a regular business strike issue U.S. $20 gold coin when Monaco Rare Coin purchased it at the ANA auction for $1,610,000. I was offered $1.8 million before the night ended by another dealer who was present at the time of the sale. However, I passed on the offer in order to place the coin in the hands of a collector and client of Monaco. This coin is one of the most intriguing coins in our market and I was prepared to pay more. We plan on exhibiting this remarkable coin at FUN 2007 and in a number of other venues before "putting it away in the vault" for safekeeping.
