DLRC's Peachtree Collection of DMPL and Proof Morgan Dollars Auction Results over $600,000

March 20, 2017

The David Lawrence Rare Coins Sunday Internet Auction #952, featuring the Peachtree Collection of DMPL and Proof Morgan Dollars, concluded last night with impressive results. 173 lots sold for a staggering realized of over $600,000! There were many highlights from the sale that included an 1895 $1 PCGS Proof 67 Deep Cameo which realized $146,500 and a 1776 Continental Dollar $1 PCGS XF40 which realized $44,000.

Other highlights from the DMPL portion of the collection included record-breaking results for an 1885 $1 NGC MS67 DMPL that brought $9,250, and an 1898-S $1 PCGS MS65 DMPL that garnered $13,000. As John Brush, President of David Lawrence Rare Coins (DLRC) stated, “It goes to show you that high quality, attractive coins continue to bring impressive results. When really neat collections come to market, we do our best to serve the consignor and the bidders, and the impressive service, presentation, and quality typically brings very strong results. At DLRC we pride ourselves on having the highest credit card limits (up to $10k!), interest free long-term layaways, and free shipping on all orders. We think that these small perks really help collectors in building their collections and it allows us to better serve the hobby.”

The Proof Morgans continued to bring impressive numbers in the auction that ended Sunday evening. An extremely scarce 1878 7TF Reverse of 1878 PCGS Proof 65 Cameo changed hands for $30,000. Several other high-end issues, including an 1899 and a 1904 $1, both graded by NGC as Proof 68 found new homes. As Jason Smith, Vice President of DLRC mentioned, “Being able to offer so many registry quality Proof Morgan Dollars in one sale was truly an exciting event for us and collectors nationwide. We were honored to offer these, and I thoroughly enjoyed discussing them with customers over the past few weeks.”

Part 2 of the Peachtree Collection, featuring Classic US Gold will be offered in this week’s Sunday Internet Auction, ending on March 26th, followed by the concluding 3rd Part on April 2nd, which features Modern Gold and Platinum issues.

Other highlights from the Peachtree Collection Results:

  • 1776 Continental Dollar $1 PCGS XF40 (EG FECIT, Pewter) - $44,000
  • 1885 $1 NGC MS67 DMPL - $9,250
  • 1895-S $1 PCGS/CAC MS64 - $8,350
  • 1898-S $1 PCGS MS65 DMPL - $13,000
  • 1902-O $1 PCGS MS67 PL - $18,750
  • 1878 7TF $1 PCGS Proof 65 Cameo (Reverse of 1878, Retro OGH) - $30,000
  • 1879 $1 PCGS Proof 67 Cameo - $17,750
  • 1882 $1 PCGS/CAC Proof 66+ Deep Cameo - $19,000
  • 1884 $1 NGC Proof 67 Cameo - $14,500
  • 1885 $1 PCGS Proof 66 Cameo - $7,850
  • 1887 $1 PCGS Proof 67 Cameo (Retro OGH) - $19,000
  • 1889 $1 NGC Proof 67 Cameo - $17,250
  • 1890 $1 NGC Proof 66 Cameo - $7,850
  • 1890 $1 PCGS Proof 66 Deep Cameo - $17,000
  • 1893 $1 NGC Proof 67 Cameo - $15,000
  • 1895 $1 PCGS Proof 67 Deep Cameo - $14,6500
  • 1896 $1 PCGS/CAC Proof 66 Deep Cameo - $17,500
  • 1897 $1 PCGS Proof 66 Deep Cameo - $18,000
  • 1899 $1 NGC Proof 68 ex: Eliasberg - $20,000
  • 1904 $1 NGC Proof 68 - $20,000

About DLRC Auctions: DLRC has been in business since 1979 and auctions over 300 new offerings in their weekly internet auctions, ending on Sunday nights between 8-11pm EST. In addition, DLRC offers one of the largest certified coin inventories on the internet at www.davidlawrence.com where over 5,000 coins are always for sale.

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John is the President of DLRC and has been a collector since age five. Dealing in coins valued from five cents to over a million dollars, John enjoys all types of numismatic treasures.
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