1865 2¢ Obverse Die Cap & Brockage Sells For Record Price
This spectacular 2¢ Die Cap traded hands three times at the Long Beach Coin Show last week, and set a record price.
Last year in a Bowers and Merena Auction, a different 2¢ Cap sold for approximately $15,000. The Cap featured in this article is considerably deeper and has a brockage on the reverse of the obverse.
It was purchased by Allan Levy from an East Coast coin dealer who had just arrived at the show. Allan immediately located Mike Byers at his table who purchased it on the spot. Mike Byers then sold it to Tim Bullard of errorcointrader.com, who is placing it in his personal Mint Error Collection.
Minterrornews.com reached Michael Faraone of ANACS who originally sold this 2¢ cap over twenty years ago as part of his Mint Error Collection. He instantly remembered this spectacular piece and stated that "it was one of my all time favorite caps in my collection and I wish that I had never sold it. It was such a deep cap with blazing red color."
In the future, Tim Bullard might display this fabulous mint error with other caps that he has. Even though a record price was paid, he still felt it was a bargain considering that Mint Errors are hot, this cap was very deep and in gem condition and it also had a great pedigree.