KSL: "Larry H. Miller quietly built a large coin collection valued at $25M."
Goldbully
Posts: 18,124 ✭✭✭✭✭
........ "Now it’s being sold for charity"
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This is such an interesting story of a famous and avid coin collector, who kept it a secret.
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***SALT LAKE CITY — For years until his death in 2009, Larry H. Miller wasn’t just a Utah business magnate and NBA owner, he was also secretly an avid coin collector.
Miller left behind a wide array of rare coins worth millions that only a select few people in the coin collecting industry knew about. With the help of a couple of representatives working on his behalf, Miller amassed one of the largest and top-quality rare coin collections ever known.
It features "a checklist" of some of the most famous coins ever struck with an example of every U.S. coin design ever minted within it, said Brian Kendrella, president of Stack’s Bowers Galleries, which is one of the most well-known auctioneering businesses in the coin collecting world.
Up until now, the "Larry H. Miller Collection" — a collection of nearly 1,600 coins valued at about $25 million — was essentially unknown to the general public.
"Mr. Miller put this collection together on a very confidential basis," Kendrella said. "It was definitely done quietly. I would say within the rare coin industry, there was a handful of people that might have been aware that this was being built."
Soon, it will be on the market — and for a good cause. Stack’s Bowers Galleries plans to sell the collection of coins at auctions later this year, with the proceeds of those sales going toward the construction of a new children’s hospital in Lehi.
The sale, Kendrella said, is one that may go down as something talked about in the coin collection world "for decades."***
Story continues in link...... https://www.ksl.com/article/50017135/larry-h-miller-quietly-built-a-large-coin-collection-valued-at-25m-now-its-being-sold-for-charity
Comments
can't wait to see what he collected
Well. JimTyler asked: "Big shots are bailing, wonder why"
Now you know.
Member ANA, SPMC, SCNA, FUN, CONECA
There is a partial list linked from the Sept. 10 thread.
Basically it is a handful of big rarities, plus a high grade Morgan dollar collection.
https://forums.collectors.com/discussion/1043819/3rd-yes-3-ms-1794-1-to-be-offered-for-sale-by-stacks-bowers
Many years ago I heard he had a 1913 V and then later sold it. Anyone know if that is true?
1600 coins valued at $25M = >$15,000/coin.
Hmmmm. Quite interesting to me. He owned the Utah Jazz and lived "just down the road" from me in Salt Lake City which is also the home of DL Hansen. Hansen has also been a professional sports team owner. There must be something in the water in Utah.....
With collectors/collections at this level, one wonders if the collector ever sat evenings or quiet weekends looking at their coins... Cheers, RickO
I never knew Larry Miller collected coins.
I used to rent his racetrack yearly, Miller Motorsports Park, near Salt Lake City. Enormous facility with a spectacular road course. Larry kept a small museum on site filled with 30 or 40 of his beautiful race and sports cars, mostly American made.
Seems he had some diverse interests. Love them.
Lance.
I gotta see whats going up for sale as well
He had one of the best Dealers in the country buying coins for him
He knew how to keep quiet
Knock out the top 10 coins for $10 million and it’s less than 10K on average. Practically an “Everyman” collection!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Any lists out as to what else is in the set?
What sports team do you own?
@Zoins
Huh? Not sure I follow......
"Down the road" out West means <500 miles. I most certainly don't live in Utah, don't drink their water, and as far as I know, don't own any sports teams.
Ah, I made a mistake thinking "just down the road" from SLC also meant in Utah, which would have meant that all 3 of you collected coins and lived in Utah, leaving only owning a sports team out. Sorry about that!