Daryl J. Haynor Presents The Virginian Collection

4.8 MB·English

by  Stack's Bowers

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[email protected] • www.stacksbowers.com , 2
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California • New York • Philadelphia • New Hampshire • Oklahoma • Hong Kong • Paris 2
Stack’s Bowers Galleries
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July 27, 2022 Collectors Choice Online Auction – U.S. Coins & Currency visit StacksBowers.com
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Front Cover: Lot 5055: 1838-C Classic Head Half Eagle. HM-2, Winter-2. Rarity-5. MS-63 (PCGS).
Back Cover: Lot 5014: 1836 Classic Head Quarter Eagle. HM-8. Rarity-2. Head of 1837, Block 8. MS-66 (PCGS).
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Daryl J. Haynor Presents
THE VIRGINIAN COLLECTION
August 25, 2022 • 1:00 PM PT
Griffin Studios
Stack’s Bowers Galleries Headquarters
1550 Scenic Avenue, Suite 150
Costa Mesa, CA 92626
California Office New York Office Philadelphia Office New England Office Hong Kong Office
1550 Scenic Avenue 470 Park Avenue 1735 Market Street P.O. Box 1804 Unit 1603, 16/F
Suite 150 New York, NY 10022 Suite 130 Wolfeboro, NH 03894 Mira Place Tower A
Costa Mesa, CA 92626 Tel: [phone] Philadelphia, PA 19103 Tel: [phone] No. 132 Nathan Road
Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone] Tsim Sha Tsui
Tel: [phone] Fax: [phone] Tel: [phone] Fax: [phone] Kowloon, HK
Fax: [phone] Tel: [phone]
Oklahoma Office Paris Office South Carolina Office
Tel: [phone] Telephone: [phone] Telephone: [phone]
www.StacksBowers.com
Copyright © 2022 Stack’s-Bowers Numismatics, LLC • All Rights Reserved
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Phone Bidding must be arranged 24 hours before your session begins. Stack’s Bowers Galleries will ask for the lot numbers of
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only offer this service for lots estimated at $2,500 or more. If you wish to arrange live bidding by phone, contact Customer
Service at 800-458-4646 or 949.253.0916 or email [email protected].
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Stack’s Bowers Galleries
1550 Scenic Avenue, Suite 150
Costa Mesa, CA 92626
United States
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Reservations required.
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Page ii Stack’s Bowers Galleries
Daryl J. Haynor Presents
THE VIRGINIAN COLLECTION
August 25, 2022
Lot Viewing
Lot Viewing will be conducted at the Costa Mesa, CA offices (by appointment only): July 28-29 & August 1, 2022
1550 Scenic Avenue, Suite 150, Costa Mesa, CA 92626
Lot Viewing will be conducted at the New York City offices (by appointment only): August 6-9, 2022
470 Park Avenue, New York, NY 10022
Lot Viewing will be conducted at Loews Chicago O’Hare Hotel: August 15-19 2022 • 9:00 AM-5:00 PM CT
5300 N. River Road, Rosemont, IL 60018 • Louvre Ballroom 3
If you cannot view in person, we will have our professional numismatists on hand to answer questions via phone or email about
specific lots. Please email [email protected] to make arrangements.
Auction Location
Griffin Studios, Stack’s Bowers Galleries Headquarters
1550 Scenic Avenue, Suite 150
Costa Mesa, CA 92626
In person live bidding will be allowed in accordance with Covid-19 directives and
local mandates at the time of the auction. Reservations required.
Auction Details
Session 1* Session 2* Session 3* Session 5* Session 6
Numismatic Americana Early American Coins The Fairmont Collection U.S. Coins Part 1 The Virginian Collection
Monday, August 22 Tuesday, August 23 –JBR Set Small Cents to Half Dollars Classic Head Gold Coins
9:00 AM PT 9:00 AM PT Tuesday, August 23 Thursday, August 25 Thursday, August 25
Lots 1001-1152 Lots 2001-2089 Noon PT 8:00 AM PT 1:00 PM PT
Lots 3001-3554 Lots 4001-4343 Lots 5001-5058
Session 7* Session 8* Session 9* Session 10* Session 11*
The Georgia Gold Rarities Night The Sydney F. Martin U.S. Coins Part 2 U.S. Coins Part 1
Rush Collection Thursday, August 25 Collection Part 1 Silver Dollars to the End Internet Only
Dahlonega Mint Coins immediately following the Colonial & Early Saturday, August 27 Monday, August 29
Thursday, August 25 conclusion of Session 7 American Coins 2:00 PM PT StacksBowers.com
immediately following the Lots 7001-7310 Saturday, August 27 Lots 9001-9557 9:00 AM PT
conclusion of Session 6 8:00 AM PT
Lots 6001-6150 Lots 8001-8262
Session 12* Session 13* Session 15* *Please refer to our other Summer 2022
U.S. Coins Part 2 U.S. Coins Part 3 United States Mint auction catalogs for further offerings of
Internet Only Internet Only American Eagle Numismatic Americana, U.S. Coins and
Tuesday, August 30 Wednesday, August 31 At Dusk and At Dawn
Currency and Ancient and World Coins.
StacksBowers.com StacksBowers.com 35th Anniversary
Visit StacksBowers.com to view our
9:00 AM PT 9:00 AM PT Auction
Thursday, September 1 Internet Only sessions.
9:00 AM PT
Lot Pickup
Lot Pickup will be conducted at Stack’s Bowers Galleries Costa Mesa Headquarters (by appointment only).
Dates, times and locations are subject to change.
Bid Online at www.StacksBowers.com Page iii
The Stack’s Bowers Galleries Team
California Office: 949.253.0916
Accounting
[email protected]
Jeff Ambio
[email protected]
Wayne Berkley
Ext. 225 – [email protected]
Jeremy Bostwick
Ext. 224 – [email protected]
Q. David Bowers Lawrence R. Stack Greg Roberts Brian Kendrella
Devilyn Callian Founder Founder CEO President
Ext. 231 – [email protected] [email protected] [email protected] [email protected] [email protected]
Jeremy Carlson
Ext. 233 – [email protected]
Garrett Cleary
Ext. 343 – [email protected]
Chris Dahncke
Ext. 217 – [email protected]
Monica De Alba
Ext. 309 – [email protected]
Keni Drake
Ext. 257 – [email protected] Christine Karstedt Jason Carter Andrew Glassman
Cassi East Executive Vice President Executive Vice President Chief Financial Officer
[email protected] [email protected] [email protected]
Ext. 286 – [email protected]
Nicholas Fritz California Office: 949.253.0916 Philadelphia Office: 267.609.1804
Ext. 244 – [email protected] Peter Treglia Vicken Aghazarian
Ron Gillio Ext. 250 – [email protected] Ext.794 – [email protected]
[email protected] Earle Van Alst Bobby Avena
Jessica Hayes Ext. 340 – [email protected] Ext. 795 – [email protected]
Ext. 200 – [email protected] Erin Whitson Mark Curcio
Kyle Hoyt Ext. 235 – [email protected] Ext. 792 – [email protected]
Ext. 353 – [email protected] Robert Witt Chris Maisano
Ext. 344 – [email protected] Ext.793 – [email protected]
Sarah Jackels
Ext. 296 – [email protected] Erin Zirschky Virginia Office: 757.919.1240
Ext. 264 – [email protected]
Brian Kendrella Devin Hipp
Ext. 291 – [email protected] New York Office: 212.582.2580 Ext. 1241 – [email protected]
Maegan Lagow Andrew Bowers Kyle Honoré
Ext. 322 – [email protected] Ext. 5522 – [email protected] Ext. 1242 – [email protected]
Atefeh Madi James McCartney Hong Kong Office: +011.852.2117.1191
Ext. 346 – [email protected] Ext. 5455 – [email protected]
Evan Lam
Aris Maragoudakis Asha Ramcharan [email protected]
Ext. 279 – [email protected] Ext. 5491 – [email protected]
Nirat Lertchitvikul
Eric Niño Diana Rendon [email protected]
Ext. 338 – ENiñ[email protected] Ext. 5517 – [email protected] Ping Lertchitvikul
Benjamin Orooji Mark Schimel [email protected]
Ext. 295 – [email protected] Ext. 5515 – [email protected] Crystal Ng
Matt Orsini Larry Stack [email protected]
Ext. 214 – [email protected] [email protected] Christine Pun
Chris Ortega Kevin Vinton [email protected]
Ext. 248 – [email protected] Ext. 5513 – [email protected] Zhou Shou Yuan
John Pack Vicken Yegparian [email protected]
Ext. 258 – [email protected] Ext. 5459 – [email protected] Singapore:
Kyle Ponterio New Hampshire Office: 603.569.0823 Frederick Yow
Ext. 212 – [email protected] Q. David Bowers [email protected]
Richard Ponterio [email protected]
Paris: +33.6.14.32.3177
Ext. 290 – [email protected] Christine Karstedt
Maryna Synytsya
Steve Price Ext. 361 – [email protected]
[email protected]
Ext. 260 – [email protected] Oklahoma Office: 800.817.2646
Other Offices
Daniel Roberts Jason Carter
Ext. 226 – [email protected] Ext. 631 – [email protected] Henrik Holt Christensen
[email protected]
Lillian Ross John Morgan
Ext. 321 – [email protected] Ext. 632 – [email protected] Ben Mahaffey
[email protected]
Gabriel Solares Daniel Mitchell
[email protected] Ext. 633 – [email protected] Consultants
Larry Stendebach Jake Auernhammer Manning Garrett, John Kraljevich, Mike Ontko,
Ext. 245 – [email protected] Ext. 634 – [email protected] Steve Tureen, Brad Yonaka
David Talk
Photographed by: Karen Bridges, Gerry Bueno, Anthony Browning, Renee Ferguson, Christina Good, Jeremy Katz,
Ext. 323 – [email protected]
Carol Nguyen, Charlie Pech, Kristy Still, Keven Tran, Kristen Vu and Nicholas Weyand. Some images courtesy of PCGS.
Page iv Stack’s Bowers Galleries
The Stack’s Bowers Galleries Team
California Office
Richard Ponterio John Pack Peter A. Treglia Matt Orsini Ron Gillio Wayne Berkley
Executive Vice President Executive Director Director of Currency Director of World & Numismatic Acquisitions Vice President
[email protected] of Consignments [email protected] Ancient Numismatics Coordinator of Client Services
[email protected] [email protected] [email protected] [email protected]
Jeff Ambio Aris Maragoudakis Kyle Ponterio Ben Orooji Chris Ortega Steve Price
Vice President Director of World Senior Numismatist, Senior Numismatist, Numismatist, Director of Numismatic
of Numismatics Currency Auctions Consignment Director Auctioneer Lead Auctioneer Business Development
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
East Coast Offices
Vicken Yegparian Mark Schimel James McCartney Andrew Bowers Bobby Avena Kevin Vinton
Vice President East Coast Retail Director Director of Consignments East Coast Sales Manager Head Numismatic Trader Senior Numismatist
of Numismatics [email protected] and Numismatics [email protected] [email protected] [email protected]
[email protected] [email protected]
Asian and European Offices
Nirat Lertchitvikul Ping Lertchitvikul Frederick Yow Zhou Shou Yuan Henrik Holt Christensen Maryna Synytsya
Director of Asian Operations Operations Manager Consignment Director Executive Consignment Senior Consignment Manager of European
[email protected] [email protected] Southeast Asia Director, China Director of Europe Operations
[email protected] [email protected] [email protected] [email protected]
Additional Expertise
John Kraljevich Julie Abrams Jeremy Bostwick Mark Curcio Devin Hipp Larry Stendebach
Senior Consultant Consignment Director Senior Numismatist Philadelphia Vice President Numismatist
[email protected] and Dealer Liason and Cataloger Store Manager [email protected] [email protected]
[email protected] [email protected] [email protected]
Bid Online at www.StacksBowers.com Page v
Some Words from the Consignor
Daryl J. Haynor
My lifelong passion as a coin collector started at age the funny looks from dealers at shops or coin shows as I
eight. The first memory of coins and collecting happened counted the steps on the reverses of common Jefferson
at my grandmother’s house. I had toys sprawled out on nickels. Now, Full Step Jeffersons are the creme de la
the floor, usually early 1900s antiques like tin soldiers, creme. In the early 1980s my passion ventured into
when my parents decided it was time to leave for home. Full Bell Line Franklin half dollars, again, before they
I ignored them, so they decided to leave without me, were designated by the grading services. Now, Full Bell
and without telling me. The realization that they had Franklins command significant premiums. One of the
left me alone hit when their car headlights grew smaller best compliments I ever received from a fellow collector
through Grandma’s bay window, as they backed out of was, “Daryl, I don’t like Franklins, but I love your coins.”
the driveway. Through the years, I have assembled high grade toned
It was my first night separated from family and I sets in 3C Silvers, Liberty Nickels, and Proof Liberty
bawled my eyes out. To calm me, my grandmother re- Seated Half Dimes, Dimes, Quarters and Half Dollars.
treated into an upstairs back room and dusted off two These coins have parted ways, and I watch for them to
cigar boxes filled with old coins. We rummaged through reappear on the market, but most are deeply rooted in
them together. I was enthralled and all worries evapo- other high-quality cabinets.
rated. One of the boxes contained mostly Franklin As I settled on the next frontier, this time something
half dollars. The coins were not valuable, but I loved in gold, I came across numerous reference books on U.S.
handling them, the touch and smell. I stayed the night, gold coin series. Some series were quite popular and
and in the morning, I asked my crowded with collectors. However,
grandmother for the cigar boxes and my due diligence proved surpris-
willingly stayed the next night. The ingly short lived. There were no ref-
rest is history as I have been hooked erence books on Classic Gold and a
ever since. sparse few seemed intent on collect-
My usual pattern before pursuing ing them as a series. Classic Gold had
a series: studying its history, looking no show stoppers and was not volu-
at market conditions, developing minous. It proved to be quite an ad-
a grading eye through days spent justment thinking of MS61 or MS62
in auction viewing rooms with my as a “finest known” grade, but my ap-
thumb placed over the grade. That preciation grew for the androgynous
usually ate up a year’s time, and only design and wonderfully lustrous and
then would acquisitions begin. toned orange-gold beauties. I had
I like to collect by series with found my next “twist”.
a “twist” while keeping my core For years many collectors
criteria of eye appeal, monstrous wondered the same thing - why is
toning, or an altogether better fit into there no reference book on Classic
the collection. In the 1970s collect- Gold? I wondered the same 15 years
ing Full Step Jefferson nickels was ago as I started my collection.. My
Daryl signing copies of his book
quite unusual. I can still remember on Classic Gold Coins. goal was to put together the finest
Page vi Stack’s Bowers Galleries
collection of Classic Gold ever known. Through my And, after 15 years of dutiful collecting, and gratitude
quest, I developed a deep interest in the series. Research to a family named Pogue who decided to part with their
ventured into die marriages, emission sequences, die collection - goal accomplished! The finest known set
states, die rarity, archival history, etc. At first the research was completed. It was a lot of hard work, hundreds of
was solely for personal benefit and enjoyment as a col- hours of study, attendance at many shows and auctions,
lector. But only after years of watching the stack of note- and a bit of luck thrown in as well. It is presented in
books filled with information grow larger, and crowd the the following pages with all the detail needed on why
office, did it become obvious that there were the serious each piece would make a wonderful addition to your
makings of a reference book. That book came to fruition collection. I hope each individual treasure brings you
in 2020, a labor of love and a must have for anyone inter- as much pleasure when added to your coin cabinet as
ested in the series. they did for me.
Daryl enjoying time with his family. wife Phyllis
and children Kristen and Nicholas.
Daryl relaxing with beloved pet, Roxy.
Bid Online at www.StacksBowers.com Page vii
Daryl J. Haynor Presents
THE VIRGINIAN COLLECTION
History of the Classic Head Gold Series popular with contemporary bullion depositors, most
of which were banks and bullion brokers, all of whom
The economic and political environment in which
preferred to have their precious metal coined into large
Classic Head gold coinage of 1834 to 1839 was produced
denomination coins. Quarter eagle mintages were ex-
and circulated has its origins in the establishment of
tremely limited from 1796 through early 1834, the year
the United States Mint in the 1790s. The Act of April
1807 seeing the highest production of the era at just
2, 1792, which established the Mint and the nation’s
6,812 pieces produced.
coinage system, set the value of gold relative to silver
at 15 to 1. This ratio undervalued gold and overvalued By the 1820s, gold coins were entirely absent from
silver, preventing domestic circulation of gold and re- domestic circulation in the United States. Those that
sulting in its widespread export during the early decades were not exported for melting were kept in reserve by
of U.S. Mint operations. In the earliest years there was banks and bullion brokers, the largest of these being
also a profit to be made by exporting silver, especially the Second Bank of the United States. In the absence of
dollars, which could be exchanged for worn Spanish gold coins – a half eagle represented more than a week’s
colonial dollars of reduced weight. This situation led to pay for many Americans anyhow – domestic commerce
President Jefferson’s suspension of silver dollar and ten- during the 1820s was conducted using an unstable com-
dollar gold eagle coinage in late March 1804, which was bination of Spanish-American silver coins, bank notes
confirmed in an order issued by Secretary of State James and, to a lesser extent, U.S. copper and fractional silver
Madison in 1806. It would be 30 years, however, before coins.
the underlying cause of the 15 to 1 ratio was remedied.
Major changes to this system came with the Bank War
Immediately upon the suspension ten-dollar eagle of the 1830s. President Andrew Jackson was an advocate
coinage, the five-dollar half eagle became the largest of hard money and believed that its use alone was suf-
gold denomination produced by the United States Mint. ficient to support a monetary system. In 1832 he vetoed
Demand for this useful and widely accepted denomi- a bill that would have rechartered the Second Bank of
nation remained strong among contemporary bullion the United States. The Bank, located nine blocks down
depositors, at whose request the Mint struck all gold Chestnut Street from the Philadelphia Mint, was the
(and silver) coins from is founding in the 1790s through largest depositor of gold at the Mint in this era. The fol-
the early 1850s. In the absence of the eagle, half eagles lowers of President Jackson’s populist anti-bank rhetoric
were requested and struck virtually every year from didn’t understand or care about banking reserves or the
1805 through 1834. After the War of 1812, however, importance of gold in international banking, preferring
these coins were rarely seen in commercial use. The 15 to shake their fist at the clouds in anger for the control
to 1 ratio was still in force, and merchant and bullion the bank wielded over the national economy. After suc-
brokers continued to export U.S. gold coins for a profit, cessfully winning re-election that year, the president
after which they were melted for their bullion value. sought to exterminate the Bank by withdrawing its
This is the same situation that led to the suspension of U.S. deposits and moving them to state-chartered “pet”
eagle coinage in 1804. banks. The process of dismantling the bank continued
until its final dissolution in 1836.
The $2.50 quarter eagle was seen even less frequently
in commercial channels in the decades leading up to the The Act of June 28, 1834 was a major victory for
1830s. The smaller denomination coin had never been Jackson’s hard money policy. It finally addressed the
Page viii Stack’s Bowers Galleries