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LEONARD HOLLAND LARGE CENT SALE, PRICED

Currency:USD Category:Coins & Paper Money Start Price:125.00 USD Estimated At:250.00 - 250.00 USD
LEONARD HOLLAND LARGE CENT SALE, PRICED
SOLD
275.00USDto R*******I+ (48.13) buyer's premium. + applicable fees & taxes.
This item SOLD at 2014 May 15 @ 13:59UTC-4 : AST/EDT
A buyer’s premium of 17.5% will be added to the cost of all lots purchased. See shipping info and full terms.
Pennypacker Auction Centre. STAMPS – COINS – BOOKS. PUBLIC AND MAIL BID. THE FAMOUS LEONARD M. HOLLAND LARGE COPPER CENT COLLECTION. MOSTLY IN UNCIRCULATED CONDITION 1793 TO 1857, FEATURING MANY FINEST KNOWN VARIETIES. Kenhorst, Reading, Pa.: Catalogued by Mason-Dixon Coin Exchange (Thomas Warfield), May 8–9, 1959. 8vo, self-covered. 16 pages; (103) lots of large cents; 261 lots of other coins; (11) lots of stamps; 200 lots of books; 10 halftone illustrations of large cents. Price realized typewritten by each lot. Near fine. The Pennypacker sale was a remarkable event, offering a fine collection of large cents assembled in the late 1940s and 1950s, mostly acquired from Leonard Holland’s good friend Thomas Elder. Holland pledged the collection as collateral for a construction project loan in the late 1950s. He encountered unforeseen difficulties and the bank foreclosed the loan, choosing an obscure country auctioneer to liquidate the collection. Distribution of the catalogue was limited and the coins generally sold for low prices. Some of the important collectors of the day did not learn of the sale and several of the attendees funneled their bids through a single agent. After the sale, it is reported that the coins were again auctioned within the group in a hotel room. Sometimes, the differences were dramatic, with coins subsequently bringing double or triple the original hammer price. Important. This copy is significant for recording the prices realized at the sale (most copies known are unpriced).