Private Collection Paces Heritage’s Long Beach Auctions to $18.1 Million

Unique 1792 Washington President gold eagle unveiled in first public pre-auction showing since 1890

1804 Dollar
Mickley-Hawn-Queller specimen of the 1804 dollar. Graded PR-62 by PCGS, the coin brought $2.64 million at Heritage's Long Beach auction. (Photo courtesy Heritage Auctions.)

Elite private collections of the finest U.S. coins known to exist powered Heritage Auctions’ Long Beach Expo. events to $18.1 million June 14-17 in Long Beach, California. An important New York collection sold for a combined $6.7 million, laying claim to the top 12 most expensive lots sold during the four-day event.

The collection featured a connoisseur selection of 22 U.S. type. Its top lot was the storied Mickley-Hawn-Queller specimen of the 1804 dollar. The Class I “Original” example of the “King of American Coins” was graded PR-62 by PCGS and realized $2.64 million. A 1793 Chain Cent, graded MS-65 Brown by PCGS and pedigreed to the famed Eliasberg collection, sold for $990,000.

Additional highlights from the collection include a 1776 EG FECIT Pewter Continental dollar, MS-67 NGC, which sold for $444,000, and a 1796 No Stars quarter eagle, BD-2, MS-61 PCGS, which garnered 14 bids to end at $396,000. An 1804 Draped Bust quarter, Browning-1, MS-65 NGC. CAC and a breathtaking 1870 Liberty Head twenty dollar, PR-65 Ultra Cameo NGC. CAC each realized $336,000.

The Long Beach Expo made history when the one-of-a-kind gold coin believed to have once been a cherished memento of U.S. President George Washington made its first public pre-auction showing since 1890 when Heritage put it on display June 14. In both 1875 and 1890, the only years in which it went to public auction, the gold coin was described as likely struck for Washington and carried by him. In 1933, “Col.” E.H.R. Green, son of the “Witch of Wall Street,” Hetty Green, purchased it privately for more than $2,500, a huge sum in his day. Eric P. Newman acquired the coin in 1942, and it has not changed hands since.

In addition to Los Angeles, the 1792 Washington President gold eagle coin will also be displayed in New York and Chicago, and finally in Philadelphia, where it will be auctioned Aug. 16 by Heritage Auctions during the American Numismatic Association’s annual World’s Fair of Money Convention; 100 percent of the net proceeds will benefit charitable causes.

A group of 18 Native American portrait galvanos, considered among artist Edward Warren Sawyer’s finest artistic and historic contributions to medallic art, sold for a combined $64,560. Highlights from the group include a 1904 portrait of Est-Zan-Lopa, a young Navajo girl whom Sawyer described as “a little girl blanket weaver” and a 1912 depiction of Ech-Spa-Di-E-Ash, a medicine man of the Crow Tribe. Each bronze galvano sold for $7,800 each.

Additional highlights from the week include:

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