- 13 -
not assign a number grade to any of the remaining 226 coins. The
following chart shows the number of coins that received each
grade from the decedent:
Grade Number of Coins
60 13
63 38
64 73
65 50
Proof 1
General proof 132
Choice proof 56
General to choice proof 37
Total 400
Superior proposed to sell the Trompeter Collection in two
auctions, the first of which it held on February 25, 1992.
Superior auctioned 209 of the 400 coins in the Trompeter
Collection for sale at the first auction, and there was a high
demand in response thereto.6 Two hundred and one of the 209
coins auctioned for sale sold for the total amount of $3,850,622.
Approximately $2,628,730 of the gross proceeds was attributable
to the decedent's proof coins which he had valued at $2,598,000.
Shortly after the first auction concluded, Superior began
preparing a catalog of the 191 coins for sale at the second
auction which was scheduled for October 13, 1992. The decedent
had graded many of these coins as either general proof, choice
6 The 209 coins auctioned for sale at the first auction did
not include any of the 191 coins mentioned above.
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