Auctions in New York. Sotheby’s and Stack’s Bowers Galleries will present the spectacular D. Brent Pogue Collection of masterpieces of United States coinage – the most valuable coin collection in private hands – across a series of seven auctions beginning 19 May 2015 at Sotheby’s New York headquarters. The overall collection, which consists of more than 650 individual coins, is expected to achieve well in excess of $200 million: more than any other series of rare coin auctions in history.
The core of the collection showcases perfectly-preserved examples of the coins produced during the early years of the American Republic, from 1792 to the 1830s. The most historic and sought after United States coins were made during this time, when small mintages and crude production facilities at the Philadelphia Mint made the survival of any high-quality coins unlikely. Each steel die used to strike coins in this era was painstakingly produced by hand, creating variations that are prized by collectors – many of which can be found throughout the D. Brent Pogue Collection in their finest-known states of preservation.
D. Brent Pogue – assisted by his father Mack Pogue, a noted real estate developer – has for nearly 35 years sought out the finest known examples from this period. Brent was a connoisseur from the beginning, and over three decades he has brought together an ‘all-star’ lineup of the finest coins available, from the greatest collections ever assembled. The Pogues’ pursuit of the most valuable American coins has made this family nothing short of legendary in the numismatic field.
Sotheby’s and Stacks Bowers Galleries’ auctions of the Pogue Collection is highlighted by more than 20 coins estimated to achieve $1 million or more, making this sales series a landmark event in the world of numismatics. The collection is led by two examples of the coveted 1804 Silver Dollar – America’s most famous coin, and the pinnacle of coin collecting – including the finest known specimen (above, estimate $8/10 million). The inaugural auction in May 2015 is led by The 1797 Half Dollar – the most valuable half dollar in existence (left, estimate $1.2/1.75 million).
“The D. Brent Pogue Collection is a once-in-a-lifetime offering, featuring some of the most historic and notable coins known to exist,” said Brian Kendrella, Stack’s Bowers Galleries’ president. “The American economy was founded on these coins, with each piece an artifact from the first chapter of American history. By partnering with Sotheby’s, we hope to give collectors all over the world the opportunity to own these national treasures.”
David Redden, Sotheby’s Vice Chairman, commented: “To have the world’s most valuable private coin collection available for viewing and sale in our galleries is a huge privilege and a great responsibility. Sotheby’s and Stacks Bowers have worked fruitfully together in the past, notably on the sales of the 1933 Gold Double Eagle for $7.6 million and the Dallas Bank Collection. The D. Brent Pogue Collection will be a thrilling addition to that auction history.”
“The sale of my collection is bittersweet, but I feel now is the time to pass the torch to a new generation of custodians, who can appreciate the legacy of these great American coins,” said respected owner D. Brent Pogue. “These coins conjure up many fond memories, and I hope the new owners will enjoy them as much as I have.”