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  • dbtunr dbtunr Jul 16, 2013 2:57 PM Flag

    PCGS grades rare 1894-S dime worth $2M

    Legend Numismatics Purchases Famous 1894-S Daggett Specimen Dime
    PCGS recently graded this coin as it was previously graded MS64 in May. That's $20K (1%) in grading fees for this one coin.

    - July 16, 2013

    Lincroft, NJ – Legend Numismatics has purchased the famous 1894-S 10C PCGS BM PR64+ Daggett Specimen from David Lawrence Rare Coins for a sum in excess of $2 million, a record price for any dime.

    While helping fulfill a collecting goal of Legend partner Bruce Morelan, the firm also believes classic rarities like this are still undervalued in today's marketplace. "We have no problem stocking a classic rarity like this. A classic Mercedes racecar sold last week for nearly $29,000,000.00. Paintings regularly sell for $10-$30,000,000.00. So a classic major numismatic rarity like this is cheap. In all the years Legend has bought and sold great rarities like the 94-S 10C, none have ever gone down in value. This coin was a no brainer for us to buy," said Laura Sperber, President of Legend Numismatics.

    John Feigenbaum, President of David Lawrence Rare Coins, personally handled the transaction with Legend. According to Feigenbaum, "It was an easy negotiation and a pleasure because both parties believe in the rarity and extreme desirability of this historic coin. Laura and I have always treasured the 1894-S dime and it was logical to me that her firm would be a likely candidate to acquire this piece. I wish them great success with the coin."

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