Dallas oilman’s rare coins net $20 million for North Texas nonprofits in initial sale

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Dallas oilman’s rare coins net $20 million for North Texas nonprofits in initial sale
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One extremely rare half eagle coin accounted for more than $4.6 million of the total in the first of several auctions planned by Dallas-based Heritage Auctions.

The full collection includes 450 gold coins estimated to be worth more than $60 million and Heritage Auctions plans other auctions next year. The next is“The Bass Trustees are thrilled with the results,” said foundation executive director David Calhoun in a statement. Two additional coins sold Thursday topped $1 million. Others drew bids ranging from $264,000 to $702,000.

Bass and his brother, Richard, inherited the Goliad Oil and Gas Corp. in 1970 from their father, Harry W. Bass Sr. In addition to amassing a rare coin collection, Bass also invested in Colorado ski resorts in Aspen and Vail, and was the main developer of Beaver Creek Resort. He died in 1998. Dallas-based Heritage Auctions, founded in 1976 by Steve Ivy and Jim Halperin, bills itself as the largest fine art and collectibles auction house founded in the U.S. and the world’s largest collectibles auctioneer.. Paul directs the work of an award-winning staff covering business news in the nation's fourth largest metro region. He's been The News' business editor since 2015.

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