Superior Galleries Realizes Strong Prices in 2008 Santa Clara Elite Auction

. April 16, 2008

DGSE Companies, Inc., which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and internet channels, today announced its results for Superior Galleries’ April 10, 2008 Santa Clara Elite Auction, where Superior Galleries is the official auctioneer. This 800 lot event realized $945,000 inclusive of the buyer’s premium.

Some individual highlights of this auction included:

724 – Fr. 376 1890 $50 Treasury Note PMG VF $143,750
513 – 1801 $10 Capped Bust NGC MS62 $35,880
552 – 1907 $20 High Relief, Flat Rim NGC MS64 $35,075
275 – 1889-CC Morgan Dollar ANACS MS62 $20,700
529 – 1871-CC $20 Liberty PCGS XF40 $19,550

Commenting on the Superior Galleries Beverly Hills Elite Auction, Senior Vice President of Auctions Paul Song said, “We are delighted to have set a new record for the grade for lot 724, the 1890 $50 Treasury Note Fr. 376, graded PMG VF. This rare piece of American currency brought $143,750 which represents the highest price ever achieved for a similar note in VF grade at auction. This item sold to one of Superior Galleries’ private collectors on the telephone amid fervid bidding. Our strong results are a testament to the attention and care that we have been putting toward creating the finest auctions in the industry.”

Mr. Song continued, “We are now concentrating our efforts on our May 26-27, 2008 Pre-Long Beach Elite Auction, which will feature the Roadrunner Collection of U.S. Coins, the PamGold Collection of English Coins, and the Precious Bird Nest Collection of High Relief Double Eagles.” For more information on this auction, or on how to consign to one of our future Elite Auctions, please call Paul Song or Aaron Malone, Consignment Director: 800-545-1001 or consign@sgbh.com. Space is limited in all of our exclusive Elite Auctions, so please contact us well in advance to reserve a spot alongside these or future special numismatic treasures.

DGSE Companies, Inc. wholesales retails and auctions jewelry, diamonds, fine watches, and precious metal bullion and rare coins products to domestic and international customers through its Dallas Gold and Silver Exchange, Charleston Gold and Diamond Exchange, Superior Galleries and National Jewelry Exchange subsidiaries and well as through the Internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. In addition to its retail facilities in Dallas and Euless, Texas, Charleston, South Carolina and Beverly Hills, California, the Company operates live Internet auctions which can be accessed at www.dgse.com and through Superior Galleries’ website at www.sgbh.com. Real-time price quotations and real-time order execution in precious metals are provided at www.USBullionExchange.com and through Superior precious Metals. DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry through www.Americangoldandsilverexchange.com and over 900 supporting websites and through Superior Estate Buyers. The Company also makes collateralized consumer loans at two National Pawn locations in Dallas, Texas.

Category: Auction News

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