Heritage coin sales top $70 million in first three weeks of 2017
Heritage Auctions is already off to a flying start in 2017, with sales of rare coins and currency exceeding $70 million in the first three weeks of the year.
The Dallas auction company hosted a blockbuster series of sales as part of the annual Florida United Numismatists convention, which achieved a dramatic 30% increase in sales on the 2016 event.
Leading the U.S coins sale was a 1792 H10C Half Disme, one of the first national coins struck by the U.S Mint. Graded MS66 PCGS Secure, and described as "probably the single most important American coin issue", the Half Disme fetched a final price of $493,500.
Further top lots included an 1884 Trade dollar, one of only 10 known examples, which sold for $423,000; and a remarkable 1851 Humbert 887 Thous. fifty dollar gold piece, the finest example ever graded by PGCS, which sold for $352,500.
Sales of U.S. and World Currency sales achieved more than $8.8 million, with leading lots including a 1934 $10,000 Federal Reserve Note from the famed Binion Horseshoe Casino display which sold for $158,625, and a 1934 $5,000 note which 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."
However, the most valuable lot of the entire event was neither a rare coin nor a banknote, but a piece of genuine sunken treasure: a 327.97-Ounce Justh & Hunder Gold Ingot recovered from the wreck of the SS Central America, which sold for $564,000.
Following the event in Florida, Heritage headed up to the East Coast for the New York International Numismatic Convention (NYINC).
In front of a packed house at the Waldorf Astoria, the World & Ancient Coins sale achieved a total of more than $18 million,
The auction highest prices included a Meiji 13 (1880) proof set of Japanese coinage, originating from the Commander Collection, which sold for $305,500, and an 1880 Meji gold Proof 10 Yen which sold for $270,250.
"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," said Greg Rohan, President of Heritage Auctions.
"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."
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