A New York auction of American coins from 1792 to the 1830s could bring as much as $20 million.
The 105-coin sale on Sept. 30 is the second of five auctions by Stack's Bowers and Sotheby's of federal coinage from the D. Brent Pogue Collection.
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Among the stars of the sale is a 1794 Flowing Hair Silver Dollar, known as the Lord Saint Oswald specimen, estimated between $3 million and $5 million. The coin was acquired in Philadelphia after its mintage by British author and House of Lords member William Strickland. It remained in the possession of his descendants until a 1964 auction. Among its previous owners was former Louisiana Congressman Jimmy Hayes.
Other highlights in the September sale include a 1795 Capped Bust Right Eagle, also known as the Garrett Eagle, worth $10 when it was minted. It is considered the single finest surviving U.S. gold coin struck in the 18th century.
"It's undoubtedly the most valuable $10 gold piece in existence and may also set a new record for any pre-Gold Rush United States gold coin," said Stack's expert numismatist John Kraljevich.
Its pre-sale estimate is $750,000 to $1.2 million. The current record is $2.35 million for a quarter eagle worth $2.50 when it was struck in 1808. It sold at the first Pogue collection auction in May.
The 1795 coin was once owned by T. Harrison Garrett, a Baltimore banker, and later his sons who donated it to Johns Hopkins University in 1942. It was later sold at auction.
Pogue, a Dallas property developer, spent decades amassing 650 early American coins. Valued at $200 million, it is believed to be the most valuable rare coin collection in the world.
In May, the two auction houses sold 128 coins from his collection for $25.3 million.
The remaining Pogue coin auctions are scheduled for 2016, on Feb. 18, May 19 and Sep. 22.