JOHN J PITTMAN AUCTION CATALOG PART 3 WORLD COINS AKERS - eBay US, Publications, Publications Supplies, Coins Paper Money. (end time 16-Nov-09 11:10:15 AEDST)


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JOHN J PITTMAN AUCTION CATALOG PART 3 WORLD COINS AKERS

The auction of the world coins collected by "one of the most astute coin buyers of all time".

The following information on the Garrett collection comes from raregoldcoins.com:

John Jay Pittman was different from most of the other most successful coin collectors the world has known he did not come from great wealth nor did he have unlimited funds to buy coins with. His forte was an uncanny ability to spot good value and the ability to determine underpriced areas in the market before they became “fashionable” or fully priced.

Pittman was born in 1913 and went to work for Kodak in Rochester, New York in 1936. He began collecting in the early 1940’s and became very active towards the middle part of that decade. Pittman’s single most brilliant decision as a collector was to attend the sale of the famous King Farouk collection that was held on behalf of the Egyptian government in Cairo in 1954. At this sale, Pittman spent a considerable amount of money and actually wound up taking a second mortgage on his home to finance his purchases. When one considers what these coins sold for some forty five years later, it is clear that this great financial risk was amply rewarded.

David Akers Numismatic Auctions was chosen to sell the collection. The first Pittman sale was held in October 1997 and it featured 1264 lots of coins including half cents, large cents, small cents, minor coins, nickels, half dimes, dimes, gold dollars, half eagles, double eagles, territorial gold coins and proof sets. The total price realized for this sale was $11.8 million. Some of the highlights included a complete 1843 proof set that sold for $412,500, an 1844 proof set that realized $440,000 and an 1859 proof set that brought $426,250. Other notable coins included a Proof 1833 half eagle that brought $467,500 (Pittman paid $635 for this coin at the Farouk sale in 1954), a Gem Proof 1835 half eagle at $308,000 (this piece cost $140 in the Memorable sale of 1948) and a Gem Proof 1836 half eagle that realized $198,000 (Pittman purchased this as part of a large group of coins for $483 in the Farouk sale.

The second Pittman sale was held in May 1998. It consisted of 869 lots and the total price realized was $12.2 million. Included in this memorable offering were quarter and half dollars, silver dollars, quarter eagles, three dollar gold pieces, half eagles, eagles, proof sets, and miscellany. Some of the highlights included a Gem Proof 1852 quarter at $176,000 (it cost Pittman $50 in 1953), a Proof 1839 With Drapery half dollar for $132,000 (Pittman paid $725 for this in 1961), a complete 1845 proof set which brought $756,250, an 1846 proof set that sold for $522,500 and a Gem Proof 1838 eagle that brought $550,000 (Pittman bought this coin as part of a four coin lot at the Farouk sale in 1954 for $590).

The final Pittman sale was held in August 1999. It consisted of his foreign coins and its estimated value was $10-15 million.

This catalog remains in excellent condition, and is an important reference for any collector of world coins.

Condition guaranteed in writing, we are members of ANDA and are bound by a strict code of conduct. Full refund provided within 7 days of receipt if you are not 100% satisfied.

Postage (which can be combined) includes full insurance coverage until you sign for it, don't hesitate to email with any questions, feel free to check my other listings for other items of this calibre.

Thanks for your bid, we look forward to getting your item in the mail as soon as your payment's cleared. If you're bidding on more than one of our items, please hold off with your payment until the last one's finished and we'll organize combined shipping for you.

_gsrx_vers_307 (GS 5.3.6 (307))

Questions and answers about this item

Q: Do you also have catalogs for Part 1 and/or Part 2 of the Pittman acutions? Roger Los Angeles
A: Roger, Just catalog 3 I'm sorry.

12 Nov, 2009

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Item location: Fremantle, Australia

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