FROM THE M & S PETTY COLLECTION
Ex F.C.C. Boyd, as noted on the insert.
One of the GREATEST RARITIES of the entire U.S. Silver Dollar Series, from 1794 to the present day! Listed as #29 in the Jeff Garrett and Ron Guth 100 Greatest U.S. Coins book, this is a coin that is the stuff of numismatic dreams. This extensively pedigreed example, while not perfect quality, is perfect for anyone seeking an example of this great rarity. Like many of the most desired rarities in all of American numismatics, the origins of the 1870-S dollar are somewhat shrouded in mystery, which only adds to the desirability.
No mint records exist for the striking of the 1870-S half dime, silver dollar, or $3 gold piece. The 70-S half dime and $3 are thought to be UNIQUE and the 70-S dollar is EXTREMELY RARE, with fewer than a dozen examples positively traced today. The existence of the 1870-S dollar was unknown until 1914, when H.O. Granberg displayed his collection at the ANS Exhibition. The presently offered 70-S was the first one ever offered in auction, in the William Hesslein December 1926 auction. It is speculated that a few denominations were struck for inclusion in a time capsule that was placed in the cornerstone of the newly constructed San Francisco Mint, known as the Granite Lady.
The present coin displays the definition of a VF30 coin. In the 1926 sale cited above, the initials "FHI: were engraved in the obverse field. Between the 1926 sale and the 1945 World's Greatest Collection sale, the fields were tooled to remove those initials from the surfaces. After the tooling, perhaps this coin was polished, retoned, then professionally conserved, as the coin does not have the deep dark toning today that it did in the old ANACS Photocertificate from the 1980s. The coin otherwise shows just moderate wear from circulation. The reverse remains relatively unscathed. While the problems are easily evident, the eye appeal is actually quite pleasing, considering the flaws. Indeed, these flaws add to the history of this LEGENDARY RARITY!
There are 11 examples enumerated in the most recent roster, including two that cannot be verified:
1. James A. Stack Collection Specimen, PCGS MS62. Stack's, by sale in 1944 to James A. Stack; Stack's Sale of the James A. Stack Collection, March 1995, lot 212; L.K. Rudolf Collection, Stack's May 2003, lot 2136; Legend Collection of Seated Liberty Dollars.
2. The Norweb Specimen, PCGS AU58. Col. E.H.R. Green; Green Estate until 1942; Burdette G. Johnson; Stack's Anderson-Dupont sale, November 1954, lot 2551; Art Kagin; Ambassador and Mrs. R. Henry Norweb; Bowers & Merena's sale fo the Norweb Collection, Part III, lot 3825; Jim Jessen Collection; offered as part of a silver dollar collection in Coin World, January 1996.
3. The Eliasberg Specimen, PCGS AU53. Henry O. Granberg; 1914 ANS Exhibition; William H. Woodin; Waldo C. Newcomber; Col. Green; Green Estate; possibly Stack's May 1945, lot 1576; Will W. Neil Sale, B. Max Mehl, June 1947, lot 202; Stack's; Louis E. Eliasberg, Sr.; Bowers & Merena/Stack's sale of the Eliasberg Collection, April 1997, lot 2243; Stanford Coins & Bullion; Certified Acceptance Corp (John Albanese) February 2008, for $1.3 million.
4. The Ostheimer/Gardner Specimen, PCGS XF40. Compton Collection; M.H. Bolender; Alfred & Jackie Ostheimer; Lester Merkin's sale of the Ostheimer Collection, September 1968, lot 372; Lester Merkin; Superior's Gihousen Sale, October 1973, lot 1339l Superior's 1975 ANA sale, lot 1125; Julian Leidman; Gary Sturtridge; Bowers & Ruddy's 1978 ANA auction, lot 1160l James Phrer; Kagin's 1983 ANA sale, lto 2707l Leon Hendrickson and Sal Fusco; private collection; Phoenix Rare Coin Galleries; Richmond Collection; David Lawrence Rare Coins' sale of the Richmond Collection, November 2004, lot 1497; Jack Lee III Collection; Heritage's sale of the Jack Lee III Collection, November 2005, lot 2226; Hertiage, April 2009, lto 2581; Bowers & Merena's 2010 ANA auction, lot 1089; Heritage's 2014 FUN auction, lot 5295; Eugene H. Gardner Collection; Heritage's sale of the Gardner Collection, Part III, May 2015, lot 98571; Heritage's 2018 ANA auction, lot 5180.
5. The Eureka Specimen, uncertified, Fine/Very Fine, scratched. Said to have been discovered by an 18-year old man from Eureka, CA, before 1922, and retained by him until the 1970s. Steve Ivy's Donovan II Sale, July 1978, lot 1128; Paramount's session of Auction '85, lot 1270; Manfra, Tordella, & Brooks' Spring 1987 Fixed Price List.
6. Queller Specimen, NGC XF40. Possibly Charles M. Williams; Numismatic Gallery's Adolphe Menjou Sale, June 1950, lot 2181; possibly Clinton Hester; Abe Kosoff's 1955 Fixed Price List; Gen Koenig; Stack's sale of the Fairbanks Collection, December 1960, lto 617; Stack's sale of the Samuel Wolfson Collection, May 1963, lot 1431; Stack's sale of the R.L. Miles, Jr. Collection, April 1969, lot 1612; Stack's September 1978 sale, lot 345; David Queller; Heritage's sale of the Queller Family Collection, April 2008, lot 2129; Heritage's 2015 FUN auction, January 2015, lot 4173; Heritage, October 2016, lot 5345. Possibly ex Mathew Stickney (per Walter Breen), though not listed in the 1907 Chapman Sale of the Stickney Collection. Also possible ex Virgil Brand at some point.
7. Amon Carter Specimen, uncertified Very Fine. B. Max Mehl; Col. Green; James Kelly; Jack Roe; James Kelly; B. Max Mehl's sale of the Jerome Kern Collection, May 1950, lot 941; Amon G. Carter; Amon Carter Collection, Stack's January 1984, lot 285; L.R. French Collection, Stack's January 1989, lot 56; James A. Stack Collection, Stack's November 1989, lot 546.
8. Schultz Specimen, PCGS VF25. Norman Schultz's December 1935 Mail Bid Sale, lot 1302; B. Max Mehl; King Farouk; The Palace Collection, Sotheby's, February 1954, lot 1676; Hans Schulman (as annotated by Gaston DiBello in his catalog of the Palace Collection)l Conn & Whiteneck's 1960 ANA auction, August 1960, lot 1168; Ben's Coin Company's Fall Festival Sale, October 1961, lot 430; Kreisberg-Schulman's 10th Anniversary Sale, April 1967, lot 1253; Stack's March 1987 sale of the Herman Halpern Collection, lot 1203; Bunting Collection; Stack's 72nd Anniversary Sale, October 2007, lot 5294; Bowers & Merena's February 2008 sale, lot 2035.
9. The F.C.C. Boyd Specimen, the presently offered coin. Ex. William Hesslein's December 1926 sale, lot 900; F.C.C. Boyd Collection; Numismatic Gallery's sale of the World's Greatest Collection Collection (Boyd Collection), January 1945, lot 271; Hollinbeck's February 1951 sale lot 1248; Earl M. Skinner; New Netherlands' November 1952 sale, lot 162; Charles A. Cass Collection; Stack's sale of the Empire Collection (Cass Collection), November 1957, lot 1759; Holinbeck's March 1964 sale; Holinbeck's November 1967 sale, lot 1162; Stack's June 1996 sale, lot 1940; the Bunting Collection; Stack's 73rd Anniversary Sale, October 2008, lot 457; Bowers & Merena's November 2009 sale, lot 3086; our consignor.
10 and 11. Rumored to exist, but unverified. The Granite Lady Corner Stone Coin and a coin belonging to the family of a San Francisco mint employee.
Any "straight graded" 1870-S silver dollar would realize over $500,000, and the top two examples have traded for seven figure prices. This example is likely the only 70-S dollar that could be had for under that $500,000 level. Do not let this important opportunity to acquire a WORLD CLASS, LEGENDARY rarity pass you by! Who knows when another 70-S dollar will hit the market.
Cert. Number 15795772
PCGS # 6965
|