Heritage coin and currency sale already top $50 million in 2016

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2016-01-19 09:57:50

Heritage Auctions has kicked off 2016 in style, with sales of rare coins and currency already achieving more than $50 million.

First up was the annual FUN (Florida United Numismatists) Convention in Tampa, Florida, which attracted collectors and enthusiasts from across the country and saw Heritage sell U.S coins and currency worth more than $41 million.

With remarkable sell-through rates of 91% by value and 98% by lot, the U.S coins sale achieved a result of over $34 million, led by the finest-known 1894-S Barber Dime in existence. Graded Branch Mint PR66 PCGS CAC, the legendary coin made headlines and sold for $1,997,500, after a bidding battle between 16 determined collectors.

"Prices were solid, bidding was strong and sell-through was strong," said Greg Rohan, President of Heritage Auctions. "The results, overall, exceeded our expectations, topped by the fact that the media interest in the $1.99 million 1894-S Barber Dime showed that the coin captured the attention of the general public like no other coin, or coin story, has in the last year."

Numerous coins achieved six-figure results, including the finest-known 1849-C G$1 Open Wreath MS62 PCGS Secure which sold for $528,750; an 1851 $50 RE Humbert $50 Reeded Edge MS63 PCGS Secure CAC which sold for 381,875; and a 1792 P1C One Cent VF35 PCGS Secure. AC which realized $352,500.

Top currency lots included a unique signed and issued 1847 Washington, DC $500 Treasury Note Hessler X110C which realized $199,750, and a Choice Uncirculated Binion Pedigreed $10000 Green Seal Fr. 2231-B Federal Reserve Note PMG Choice Uncirculated 64, from the famous Binion hoard displayed at Binion’s Horseshoe Casino in Las Vegas, which sold for $188,000.

The demand was equally strong at the annual New York International Numismatists Convention, with sales of World and Ancient coins achieving more than $11.6 million.

Rare British Commonwealth coins fetched the highest prices, with an 1852-dated Type 1 Adelaide Pound from South Australia sold for $99,875 and a four coin proof set of 1862 British India silver type coins struck in gold from The Formosa Collection sold for $88,125.

There were also notable results for an 1831 Louis Philippe I gold & silver 'Rouen Mint Visit' Specimen Pattern 5 Francs Presentation Set which realized $76,375, and an ancient Roman Augustus (27 BC-AD 14) AV aureus which brought $56,400.

The company now looks forward to the Long Beach Expo US Coins Signature Auction in California on February 4-7.

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