Early coin auctions result in $70M+ sales to start 2017
In the first three weeks of 2017, auctions of U.S. and World coins and currency have produced more than $70M in sales, reports Heritage Auctions.
DALLAS, Texas – Heritage Auctions announced Jan. 24 that it sold $70,822,868 million in U.S. coins, U.S. and World Currency and World & Ancient Coins at coin auctions during the first three weeks of 2017. This demonstrates a 30 percent increase over 2016.
“These results show Heritage is in tune with the market and its clients and maintains its superiority as the world’s No. 1 auction house for numismatic collections, large and small,” Greg Rohan, President of Heritage Auctions, said. “The rare coin market remains a robust market for collecting and investing.
“These results bode well for 2017. We remain optimistic for the coming year.”
Top Lots Among U.S. Specimens Offered at Coin Auctions
During its annual coin auctions held in conjunction with the Florida United Numismatists convention, U.S. coin sales totaled more than $42 million. The lots were led by a rare, 327.97-Ounce Justh & Hunder Gold Ingot. The specimen sold for $564,000. A 1792 H10C Half Disme, which ended at $493,500 following interest by 14 bidders. A 1884 Trade dollar, a classic rarity of which there are only 10 are known to exist, sold for $423,000.
U.S. and World Currency sales realized more than $8.8 million. Leading the charge was a 1934 $10,000 Federal Reserve Note. The note hails from the famed Binion Horseshoe Casino display, which sold for $158,625. Plus, a 1934 $5,000 note sold for $146,875.
“Overall we were very pleased with the results,” said Dustin Johnston, Director of Currency Auctions at Heritage. “As expected, collectors zeroed in on rare notes with impeccable provenance and exposure. Condition played an important role this year as near-gem examples surpassed expectations.”
World Coin Sales Soar Beyond $18M
World & Ancient Coins sold more than $18 million during its annual coin auctions held in conjunction with the New York International Numismatic Convention (NYINC). The star of the NYINC show was the Meiji 13 (1880) proof set of Japanese coinage. This set was from the Commander Collection. The most valuable coin sold for $305,500, followed by an 1880 Meji gold Proof 10 Yen, which sold for $270,250.
“We serve the most significant numismatic collections in the world,” said Cristiano Bierrenbach, Executive Vice President of International Numismatics. “New markets and stellar collections underscore our growth plans for 2017.”
For more information and to view upcoming auctions, visit www.ha.com.
