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Sheridan Downey Numismatist - Coins

Mail Bid Auction 51

Auction ended on February 15, 2021

Lot Number 35

Click coin to enlarge

1820/19 Sq. Base 2 -  O.101a R.3 PCGS AU 58

The Meyer provenance is noted on the PCGS label.  Swampy acquired the coin privately in 1983 and never saw a need to improve it.  Twenty-five years later I offered it for $4,150 during the 2008 ANA Convention in Baltimore.  It was snapped up by a California collector who sold his collection in 2019.  It has not been seen at auction in at least 40 years, perhaps longer.  Meyer stored the coin in the same kraft envelope that accompanied his purchase.  The coin acquired a soft gold patina akin to many of Al Overton’s coins that were similarly stored.  I am guessing that it saw brief circulation.  I note a hint of friction in the fields and a few insignificant contact marks, one behind the ribbon ends, another under the eagle’s beak.  The square base 2 overdate of 1820 is a want list fixture.  High grade examples are especially scarce.  This one comes with exceptional eye appeal and an important provenance.  Estimate: $4,500 to $5,000

Auction Ended

High Bid Maximum Bid Total Price
Reserve met
$6,000 $4,565

Sheridan Downey, Numismatist
4400 Keller Ave., Suite 140, PMB 398
Oakland, California 94605
(510) 479-1585

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