To: goldsheet who wrote (61997 ) 12/15/2000 10:26:05 AM From: Alex Respond to of 116871 Record-Breaking Coin Collection Misses Reserve by Chris Connor December 14, 2000, 6 p.m. PT A coin collector's fantasy--the only known certified set of $20 Liberty Gold pieces known to exist outside of the Smithsonian Institution--has just missed setting an online auction record at eBay. The auction closed this evening at $5,080,100, failing to meet its reserve of $5.25 million. At one point earlier in the day, the auction was within a dollar of its reserve price, but it appears the bid later was retracted. According to eBay spokeswoman Jennifer Chu, the seller, who did not respond to an AW email by press time, is discussing with bidders who bid more than the $5 million level a possible follow-up purchase. The seller also might relist the item on eBay. If it had sold, it would have beat eBay's record--a very rare 1910 Honus Wagner baseball card that sold for $1.27 million, including a 15 percent buyer's premium, in July. Texas' Eagle Numismatics offered "The Eagle Collection," which also was featured on eBay's Ultimate Gifts Holiday page. The Numismatic Guaranty Corporation certified the hoard of 150 Liberty Double Eagle gold coins, which consists of a coin from every mint between 1850-1907. Eighty of the pieces are among the ten finest known examples; 17 of the pieces are the finest known or tied for the finest known. Additionally, there are five highly prized complete sets within the collection. The best coin in the Eagle Collection is the 1856-O Double Eagle, the finest of the mintage and one of an estimated 10 to 12 of these coins known to exist. According to the auction's description, experts estimated this coin alone could fetch in the neighborhood of $1 million to $1.4 million. One of the most famous coins of the lot is the Coronet Double Eagles 1861 San Francisco Mint issue with Anthony C. Paquet's rejected reverse die. Fewer than 20,000 pieces of the coin were issued. According to the auction's description, only two previous collections rivaled the Eagle Collection in terms of offering a complete collection of the Coronet Double Eagle series in any grade. The first was assembled by Josiah K. Lilly and is held by the Smithsonian Institution. The other collection, assembled by Louis E. Eliasberg Sr., was dispersed at a 1982 auction. auctionwatch.com