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Part III of the Eugene H. Gardner Collection taking place in New York
1838-O Half Dollar, PR64. Classic Early Proof Rarity. Nine Examples Extant, Ex: Eliasberg.

NEW YORK, NY.- Part III of the Eugene H. Gardner Collection of U.S. Coins, the third of four unreserved auctions presented by Heritage Auctions, will take place on Tuesday, May 12, 2015, at the Waldorf Astoria in New York.

"The two previous auctions of Gene Gardner's astounding collection combined to realize more than $33.4 million," said Greg Rohan, President of Heritage Auctions. "The sheer variety in this new selection of rarities would be enough to ensure peak collector interest; factor in the quality of the coins, then, and you have a perfect combination to add a significant amount to the collection's total so far."

A few major rarities headline the auction, such as the 1838-O Eliasberg Reeded Edge half dollar PR64 NGC, the equally rare and valuable 1870-S Seated dollar XF40 PCGS, with a pedigree that reads like a who's who of numismatics, and the 1873-CC No Arrows Seated quarter MS 63 PCGS that traveled from the hands of the U.S. Assay Commission to an equally storied selection of owners.

Half dimes and dimes include an extremely rare 1839 No Drapery proof half dime in PR65 Cameo PCGS Secure (perhaps the sole finest known) and an equally impressive 1796 dime in MS66 Prooflike NGC. A conditionally rare 1872-CC Seated dime, Ex: James A. Stack-Battle Born, in MS63 PCGS has been called "a miracle of preservation" and is every bit as impressive as any of the rare Carson City dimes.

"Gene Gardner is perhaps most-proud of his quarter and half dollar sets in both circulation strike and proof formats," said Rohan. "It's hard to fathom the difficulty of assembling these series in any grade — particularly the Seated issues — with the exceptional preservation and important pedigrees of the coins in this collection."

A Seated dollar in high Mint State — regardless of date — is a prize few collectors can claim. The small-but-challenging contingent of Seated dollars that represent Mr. Gardner's collection in this auction would highlight any Collection. The group ranges from 1851 dollars in both business strike and proof formats to a fully struck Premium Gem 1857 circulation strike dollar, plus several rare dollars from the 1860s in Gem condition.

While there will be a fourth Gardner auction later in the year as part of Heritage's October 2015 New York Signature event, that auction will be devoted to Gardner's duplicates, upgrades and specialty pieces not otherwise part of his core sets.

"The May 12 Gardner III auction will be the final auction of his frontline collection," said Rohan, "with numerous finest-knowns and Condition Census pieces of equal stature to the previous two Gardner auctions."

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