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Dan Holmes IV auction tomorrow
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<p>[QUOTE="Cringely, post: 1092825, member: 22271"]The last of the Dan Holmes Large Cents were sold yesterday. The net for 689 lots was $1.1 million, not bad for late date large cents. The auction started at noon and finished around 9:30 PM. Many of the major players in Early American Copper were there. The highest price (including the 15% buyers commission) was $57,500 for Lot 171, an 1846 N-24 R7+ Tall Date Proof-Only. PCGS graded Proof 65 Red & Brown. Its provenance goes back to 1890. Typical prices were twice to three times the catalog estimates. It was fun to watch the internet bidders beat each other up trying to get one of the low estimate ($30 or less) coins. Most of the time the hamper price was $100 or more. The lowest hammer price was $45 (twice).</p><p><br /></p><p>I picked up two lots (1852 N-5 & 1844 N-3), beating out Chris McCawley on the 1844. If you are interested in attributing large cents, get all four of the Holmes catalogs from Goldberg. They are beautiful and are an excellent reference. I prefer the spiral bound version. Supposedly, it cost $125,000 to print just the catalog for the large date (IV) sale.[/QUOTE]</p><p><br /></p>
[QUOTE="Cringely, post: 1092825, member: 22271"]The last of the Dan Holmes Large Cents were sold yesterday. The net for 689 lots was $1.1 million, not bad for late date large cents. The auction started at noon and finished around 9:30 PM. Many of the major players in Early American Copper were there. The highest price (including the 15% buyers commission) was $57,500 for Lot 171, an 1846 N-24 R7+ Tall Date Proof-Only. PCGS graded Proof 65 Red & Brown. Its provenance goes back to 1890. Typical prices were twice to three times the catalog estimates. It was fun to watch the internet bidders beat each other up trying to get one of the low estimate ($30 or less) coins. Most of the time the hamper price was $100 or more. The lowest hammer price was $45 (twice). I picked up two lots (1852 N-5 & 1844 N-3), beating out Chris McCawley on the 1844. If you are interested in attributing large cents, get all four of the Holmes catalogs from Goldberg. They are beautiful and are an excellent reference. I prefer the spiral bound version. Supposedly, it cost $125,000 to print just the catalog for the large date (IV) sale.[/QUOTE]
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