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1919-D Half Dollar at $3M Regency Auction in Las Vegas

A rare 1919-D half dollar PCGS MS65, valued at $3 million, is being offered at Legend-Morphy’s December 13 Regency Auction at the PCGS Members Only Coin Show. It is the first 1919-D to appear at auction in six years.

More than 320 lots of primarily PCGS-graded U.S. coins are to be auctioned at The Cosmopolitan of Las Vegas.

Laura Sperber, Legend-Morphy co-owner, said the organization has taken a connoisseur’s approach, favoring quality over quantity and adhering to strict guidelines, making each coin that made it into the auction a truly superb example.

The 1919-D half dollar PCGS MS65 as a featured highlight exhibits surfaces as clean and lustrous and might be found on a common-date MS66. In 2006, a comparable coin sold for $172,500. As the first 1919-D half dollar has not been seen at auction since that time, the expected price offered at the Legend-Morphy auction will be much higher, expected to command $200,000-$225,000.

Dan Morphy, co-owner of Legend-Morphy Rare Coin Auctions, believes people will respond well to the boutique atmosphere the company has worked diligently to provide. He said serious collectors and numismatic investors like to inspect the coins in an unhurried, no-pressure environment. He also believes collectors will appreciate the extra effort his organization has made to ensure every coin in the December 13 show is a winner.

Other highlights include an 1896 PCGS PR66+ DCAM CAC $10 estimated at $95,000-$105,000; a 1913 PCGS PR66 CAC $20 matte proof one of 58 minted and estimated at $95,000-$105,000; an 1867 W/R PCGS PR65 cameo CAC 5-cent fewer than 50 struck an estimated at $70,000-$75,000; and a 1944-D steel 1-cent PCGS AU55 CAC, one of the rarest of all pennies, estimated at $50,000-$55,000.

The precious metals market appears to be cooperating with the auction as sales at the U.S. Mint for American Eagle Gold Coins gained more in the month of November than all previous months to January of 2011 with 131,000 ounces.Investor demand for physical metal, both bullion and collector, appears to be outpacing the market, which is showing a 1.6 percent decrease on the week and a 0.3 percent increase on the month in prices.

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