Over $17.8 Million in U.S. Coins Sold in Stack’s Bowers Dec. 2020 Showcase Auction
Showcase Auction marked a magnificent conclusion to the firm’s 2020 auction season. The firm has now auctioned eight of the top 10 highest-priced
United States coins sold in 2020, including three lots that exceeded $1 million USD in December. Hosted at the
Balboa Bay Resort in
Newport Beach,
California, the sale witnessed remarkably strong bidder participation through the firm’s award-winning website and mobile apps, an active phone bidding bank, and socially-distanced floor bidding in the auction room.
With over $17.8 million in overall prices realized, the results confirm Stack’s Bowers Galleries’ status as a top resource in the United States numismatic market.
1885-O is among the most popular
New Orleans Mint Morgan silver dollars. The mintage of 9,185,000 pieces was typical of the era, but still well below the 10.7 million struck of the 1886-O and the 11.5 million struck of the 1887-O. The
Bland-Allison Act of 1878 required that the
United States produce significantly more silver dollars than necessary during this time, which resulted in most 1885-O dollars being placed directly into storage.
Demand for these coins did not arrive until five decades later when the nation began to recover from the
Great Depression of the 1930s. By this time, however, millions had been melted as a result of the 1918