The First Art Newspaper on the Net Established in 1996 United States Saturday, October 25, 2014


Early gold from The Bently Collection raises nearly $9 million to launch Bently Foundation in San Francisco
The 1927-D double eagle is both the rarest regular issue 20th century coin and the rarest coin minted at the Denver Mint.
DALLAS, TX.- A legendary 1927-D double eagle, the rarest coin ever minted in Denver and the absolute key among circulation issue Saint-Gaudens double eagle, realized $1,292,500, to lead the way in Heritage's March 20 auction of The Bently Collection in San Francisco, on the way to raising nearly $8.9 million overall.

"Proceeds from this auction are going directly to the Bently Foundation," said Greg Rohan, President of Heritage. "Christopher Bently established this foundation to honor his father's philanthropic spirit and as a means to support the arts, environmental sustainability and animal welfare in communities in Northern California and Nevada."

The 1927-D double eagle is both the rarest regular issue 20th century coin and the rarest coin minted at the Denver Mint. Only seven times has an example crossed Heritage's auction block, and only seven examples are known to be available to collectors. Given the rarity of the coin and the popularity of the Saint-Gaudens double eagle series, we expected high demand for this coin, and it did not disappoint.

The buyer, Barry Stuppler, President of Stuppler & Company in Woodland Hills, California, placed the winning bid on behalf of a client.

The Bently Foundation's emphasis on Northern California and Nevada covers an area that encompasses two present and past US mints along with far more than its share of numismatic history. The fabled Carson City Mint has produced more than its share of rarities, such as the 1870-CC double eagle, considered the fifth rarest issue in the Liberty double eagle series behind the ultra-low mintage 1882 and 1886 circulation issues, the 1856-O, and the nearly uncollectible 1861 Paquet reverse coin struck in Philadelphia.

No 1870-CC double eagles have ever been certified in Mint State grades by any major grading service, making high quality AU examples that much more desirable, with the Carson City mintmark only adding to the coin's allure. The Bently specimen is graded AU53 by PCGS, and is likely one of the five finest specimens known. It sold for $411,250. Chief among the territorial issues represented in this auction was an octagonal $50 piece with lettered edge struck by US Assayer Augustus Humbert in 1851. Seldom seen in Mint State, the finest example from the Bently Collection was graded MS60 by PCGS and sold for $282,000.

Rarities from the San Francisco Mint were also well-represented in this auction, including a 1930-S double eagle MS65 PCGS which sold for $176,381, an 1854-S quarter eagle Good 6 PCGS selling for $193,875, an 1878-S half dollar MS63 PCGS at $129,250 and an 1864-S eagle AU53 NGC, which brought $146,875.





Today's News

March 29, 2014

Largest exhibition of Mike Kelley's work opens at The Museum of Contemporary Art in L.A.

Alte Nationalgalerie Berlin opens first major museum exhibition of the work of Rembrandt Bugatti

Works by three Modern masters to lead Sotheby's Impressionist & Modern Art Evening Sale

The Katonah Museum of Art presents "Jasper Johns & John Lund: Masters in the Print Studio"

Jim Campbell receives his first solo museum exhibition in New York at the Museum of the Moving Image

Sotheby's announces Arts of the Islamic World: Rare and precious works of art spanning 1000 years

Rare work by Artemisia Gentileschi acquired by Wadsworth Atheneum Museum of Art

Isabella Stewart Gardner Museum appoints Dr. Christina Nielsen as William and Lia Poorvu Curator

Australia's first banknote, issued in 1817 by the Bank of New South Wales, fetches US$310,000

Exhibition of work by an idiosyncratic artist Edwin G. Lucas opens at Bourne Fine Art

Knights! Exhibition takes new approach to examining arms and armor throughout history

Henry Moore prints sell for top prices at Dreweatts & Bloomsbury Auctions in London

I.M. Chait March 23 Post-Asia Week Auction in Beverly Hills tops $2.3 million, led by $350K bronze

Finalists for the Rijksstudio Award have been announced

Installation of monumental new addition to the Olympic Sculpture Park begins

Exhibition features the printing press as artistic practice at the Kentucky Museum of Art and Craft

Early gold from The Bently Collection raises nearly $9 million to launch Bently Foundation in San Francisco

"Graphic Design: Now in Production" opens at the RISD Museum

Fantasy visions by Starewitch, Švankmajer and the Quay Brothers" on view at CCCB in Barcelona

Centro de Arte Contemporáneo de Málaga presents Kaws's monumental sculptures

IMMA and IADT present an exhibition, 474: document / work / space, in the Drawing Project, DúnLaoghaire

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