2016-12-28 Wed

Pogue’s Proof 68 1804 Draped Bust dollar, also called the Sultan of Muscat-Watters-Brand-Childs-Pogue specimen could not be sold for creating a new record at Pogue IV on 24th May as it did not fetch the expected amount. The same was the case with the only collectable 1822 Capped Head gold $5 half eagle.

The 1804 dollar specimen is known as the finest known example of the King of American coins. The bid started with a value of $7.6 million and finally stood at $9.2 million. With the buyer’s fee, it would have realised $10.81 million and set a record for a coin at auction.

An 1822 Capped Bust $5 half eagle graded PCGS About Uncirculated 50 also reached a final bid value of $6.4 million. It was sold in October 1982 for $687,500, but could not reach the expected value in 2016.

The remaining 61 coins offered in the Pogue IV auction totalled to $16.7 million. The total of the first four Pogue auctions now stands at $85,318,218.50, making it the most expensive coin collection ever to sell at auction.

The next Pogue sale Pogue V will be held on 31st March 31 at the Carriage House of the Evergreen Museum and Library in Baltimore. The star coin to be offered at the auction is the Dexter Class I 1804 Draped Bust dollar graded Proof 65.