08-08-2016 – 12-08-2016
U.S. & World Coins and Currency at ANA
Heritage: Two world records and a total sell through rate of 97.6 percent
Heritage Auctions sold more than $38 million worth of U.S., World & Ancient Coins and Currency at auction at the American Numismatic Association’s World’s Fair of Money, Aug. 9-13 in Anaheim, California. Sell-through rates exceed 95 percent across the board, with U.S. Coins seeing a startling 98.7 percent lots sold; 92 percent of all World & Ancient Coins sold; while Currency sales were 94 percent sold by value.
“Heritage’s ANA auctions saw an incredibly active bidder participation rate,” said Jim Halperin, Co-chairman of Heritage Auctions. “$38 Million in sales include two world records and a total sell through rate of over 95 percent sold by value and 97.6 percent sold by lot.”
Lot 3952: U.S. 1792 P1C Birch Cent.
U.S. coins dominated the week with more than $27,106,752 in total sales and more than 6,520 bidders participating. Top lots include the 1792 P1C Birch Cent, Judd-5, Pollock-6, R.8 MS61, $517,000, which garnered headlines around the world. A 1880 $4 Flowing Hair, Judd-1657, Pollock-1857, R.6, PR65 NGC, ended at $352,500 and a 1792 P1C One Cent, Judd-1, Pollock-1, High R.6, SP35 PCGS Secure cleared $352,500. A total of 17 lots brought six-figure selling prices.
Lot 32301: Great Britain 1692 William & Mary gold “Elephant & Castle” 5 Guineas.
World & Ancient Coins realized $9,217,626 in total sales, as a Great Britain William & Mary gold “Elephant & Castle” 5 Guineas 1692, MS63 PCGS, chased by six bidders, sells for $258,500.
Lot 31109: Mexico 1732 Philip V 8 Reales.
Two world records were set during Heritages’ World Coins auctions: One of seven known 1933 George V set a world record for a coin of its type when a British phone bidder bested two American floor bidders with a $193,875 bid. The auction price nearly doubled the previous world record for a 1933 George V penny. A 1732 Mexican Philip V 8 Reales, considered America’s first milled “silver dollar,” set the week’s second world record when it ended at $152,750.
Lot 32067: Ancients, Judaea. The Jewish War (AD 66-70), Year 5, Shekel.
Ancient coins performed well as a Jewish War Year 5 Shekel, found at Masada, sold for $211,500 and a superb specimen of a Ptolemy I Soter gold stater, as founding King of Ptolemaic Egypt (305-282 BC), brought $94,000.
The Aug. 11 Currency auction saw $1,817,050 in total sales. Three top lots included a classic $5,000 1934 Federal Reserve Note. PMG Choice Uncirculated 64, which sold for $152,750; a $10,000 1934 Federal Reserve Note. PMG Choice About Uncirculated 55 brought $129,250. A rare, $50 1864 Compound Interest Treasury Note PMG Very Fine 30 Net – a discovery note – ended at $129,250.
“We always schedule special pieces for these annual auctions, and bidders responded,” Halperin said.
Heritage Auctions is the largest auction house founded in the United States and the world’s third largest, with annual sales of more than $800 million, and 950,000+ online bidder members. For more information about Heritage Auctions, and to join and receive access to a complete record of prices realized, with full-color, enlargeable photos of each lot, please visit the firm’s website.