Sotheby's and Stack's Bowers Galleries to jointly auction the most valuable coin collection in private hands
March 24, 2015: 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 May 19, 2015 at Sotheby’s New York. The collection, which consists of more than 650 coins, is expected to achieve well in excess of $200 million.
The collection showcases perfectly-preserved examples of 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.
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. The Pogues’ pursuit of the most valuable American coins has made this family nothing short of legendary in the numismatic field.
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 (estimate $8/10 million). The inaugural auction in May 2015 is led by the 1797 Half Dollar – the most valuable half dollar in existence (estimate $1.2/1.75 million).
Brian Kendrella, Stack’s Bowers Galleries’ president, said, “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.”
“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 Mr D. Brent Pogue. “These coins conjure up many fond memories, and I hope the new owners will enjoy them as much as I have.”