Queller's 1804 Dollar Reaches $3,737,500 at Heritage's $44 Million CSNS Auctions The 1804 Silver Dollar highlighting the amazing collection of silver dollars assembled by David Queller and his family reached $3,737,500 at the Heritage Auction Galleries
News-Antique.com - May 09,2008 - Dallas, TX. The 1804 Silver Dollar highlighting the amazing collection of silver dollars assembled by David Queller and his family reached $3,737,500 at the Official Auction of the Central States Numismatic Society convention held by Heritage Auction Galleries. Combining the rare coin and currency results, total prices realized currently exceed $42.6 million. After adding proceeds from all Post Auction Buys and Final Session auctions, total prices are expected to exceed $44 million. More than 6,700 bidders participated in the Signature and Platinum Night events, and another 3,000-plus are anticipated to participate in the Final Sessions. The auctions were held in Rosemont, Illinois on April 16-18; Images, descriptions, and prices realized for all lots can be viewed at the Heritage website, HA.com.
"Heritage was very pleased with the auction wide results at Central States," commented Heritage President Greg Rohan, "and especially so for the results of the wonderful Queller Family Collection. As anticipated, the market reacted well to the combination of rarity and quality that marked all of the coins assembled by a discerning eye. And also as anticipated, the most valuable three coins sold in Rosemont were all Queller coins. The prices further support claims that this was the greatest silver dollar collection ever assembled."
"Heritage was also pleased at the total prices realized including currency. Over the past three years, Heritage achieved enviable results at our Central States auctions: 2005 - $24,265,967; 2006 - $24,145,105; and 2007 - $24,912,768. Frankly, we were beginning to wonder when we were going to exceed that $25 million level! Well, we have decisively smashed that barrier in 2008, and any concerns about the overall economy were decisively rejected by astute collectors willing to pursue quality."
Highlights from Heritage's Rosemont Central States Signature & Platinum Night Auctions:
http://www.HA.com/1104*2000&type=prte-pr042108a
Lot 2000: 1794 $1 AU58 NGC. B-1, BB-1, R.4.
In the Mint Act of April 2, 1792, Congress established a bimetallic coinage system based on the silver dollar and the gold eagle as the "unit" measurement. All 1,758 dollars dated 1794 coins were minted from a single pair of dies.
From The Queller Family Collection of Silver Dollars.
Realized: $488,750
The 1802 proof novodel silver dollar is usually grouped with three other rarities: the 1801 proof novodel, the 1803 proof novodel, and the famous 1804 silver dollars.
From The Queller Family Collection of Silver Dollars.
Realized: $920,000
http://www.HA.com/1104*2089&type=prte-pr042108a
Lot 2089: 1804 Silver Dollar, Class I "Original," PR62 NGC
The 'King of American Coins,' and quite simply the most famous of all American numismatic rarities. Ex: Chief Coiner Adam Eckfeldt; unknown intermediaries; Henry C. Young, a teller at the Bank of Pennsylvania (c. 1850); Joseph J. Mickley (c. 1858); Joseph J. Mickley Collection (W. Elliot Woodward, 10/1867), lot 1676, $750; William A. Lilliendahl; Edward Cogan; William Sumner Appleton (c. 1868); Appleton estate; Massachusetts Historical Society (1905); Property of the Massachusetts Historical Society (Stack's, 10/1970), lot 625, $77,500; Chicago collection; Reed Hawn, via Stack's
