Two legendary U.S. coins, one of them more than 200 years old, that were on the auction block on Tuesday in New York City did not sell after bidders failed to reach minimum reserved prices, according to Sotheby's.
A bid of $10,575,000, the most ever offered for a coin, was place by phone for an 1804 Draped Bust Silver Dollar, but it failed to reach the consignor’s reserve price, Sotheby's auction house said in a statement.
A phone bid of $7,285,000 was placed on an extremely rare 1822 half eagle, but it also failed to reach the consignor’s reserve price, Sotheby's said.
The pieces were highlights of the fourth coin auction series of the D. Brent Pogue Collection, which is working in collaboration with the auction house and Stack's Bowers Galleries.
Some 61 coins from the Pogue Collection, which in recent years has become the most valuable auction series in history, were sold for more than $16.7 million during the auction at Sotheby's headquarters in New York.
The collection focused on non-machine manufactured currency made from 1793 to the 1830s, said David Tripp, Sotheby's worldwide senior numismatic consultant.
Two legendary U.S. coins, one of them more than 200 years old, that were on the auction block on Tuesday in New York City did not sell after bidders failed to reach minimum reserved prices, according to Sotheby's.A bid of $10,575,000, the most ever offered for a coin, was place by phone for an 1804 Draped Bust Silver Dollar, but it failed to reach the consignor’s reserve price, Sotheby's auction house said in a statement.A phone bid of $7,285,000 was placed on an extremely rare 1822 half eagle, but it also failed to reach the consignor’s reserve price, Sotheby's said.The pieces were highlights of the fourth coin auction series of the D. Brent Pogue Collection, which is working in collaboration with the auction house and Stack's Bowers Galleries.Some 61 coins from the Pogue Collection, which in recent years has become the most valuable auction series in history, were sold for more than $16.7 million during the auction at Sotheby's headquarters in New York.The collection focused on non-machine manufactured currency made from 1793 to the 1830s, said David Tripp, Sotheby's worldwide senior numismatic consultant.
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