Stack's Bowers Galleries' August numismatic auctions make $57.7m

paulfrasercollectibles

2015-06-26 12:33:13

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Stack's Bowers Galleries' August numismatic auctions make $57.7m

The company has been highly successful selling coins and currency including the Harry W Bass collection

Stack's Bowers Galleries, numismatic auction house and subsidiary of Spectrum Group International, Inc., announced today that live coin auctions held in August realized a combined total of $57,733,927.

David Bowers presents what was to be one of the auctioneer's great successes:The 1975 No S Roosevelt Dime

Stack's Bowers Galleries and world division, Stack's Bowers and Ponterio, conducted the only official auctions of the American Numismatic Association World's Fair of Money in Chicago August 13-20, the premier annual coin show and convention in the United States.

The entire auction realized a total of $40,036,290, which consisted of $29.8m U.S. coins, $6.2m U.S. currency, and $3.4m foreign coins, and $385,000 foreign paper money. All realized prices indicated include buyer's premium.

"We are extremely pleased with the results of our Chicago ANA auction and I am happy to say that the numismatic market appears to be alive and well in the United States," said Chris Napolitano, president of Stack's Bowers Galleries.

"The success of this auction speaks to the level of excellence and quality of Stack's Bowers Galleries, and what has been created in less than a year with the joint venture between the two great auction houses of Stack's and Bowers and Merena.

"We have a larger customer base and a much expanded reach that allows us to bring more coins and currency to more buyers and, as we showed in this auction, breaking some records, as well."

Top honours in Chicago went to an offering from the collection of the late Harry W. Bass, Jr. An intricately bound set of three First Educational uncut sheets, with notes numbered 1, 2, 3, and 4 of the 1896 $1, $2 and $5 notes, sold for $1,265,000, making it the most ever paid at auction for a single U.S. currency lot.

Also making headlines was a 1975 No S Roosevelt Dime that earned an impressive $349,600 to become the highest price paid at auction for a modern (post-1964) U.S. coin.

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