Coin & Currency Rarities Yield $35 Million in Heritage Auction

Dallas, TX – A full suite of numismatic auctions by Heritage Auction Galleries – U.S. coins, U.S. Currency, ancients & world coins, and tokens & medals – at the Long Beach Coin Expo have produced results of $34.8 million thus far, with Post-Auction sells expected to push the total well above $35 million. U.S. coins realized $16.5 million, U.S. Currency added $12.9 million, ancients & world coins are nearing $5 million, and tokens & medals contributed another half million dollars. Heritage’s Long Beach Signature® Auctions were held September 17-21, 2008. Complete auction results are now posted on Heritage’s HA.com website, including full-color images, descriptions, and prices realized for all of the Long Beach lots.

“Among the gold rarities included in the Long Beach auction,” commented Heritage President Greg Rohan, “we were especially pleased with the performance of Lot 3571, an 1879 $4 stella (Judd-1635, Pollock-1833) with Flowing Hair, certified by NGC as PR65 Cameo, which realized $204,125, a 1929 $20 certified by PCGS as MS66, with CAC approval, which realized $184,000, and a 1927-S $20, certified PCGS MS65, which realized $161,000. The pair of 1839-O Capped Bust, Reeded Edge Proof half dollars also excited bidders; Lot 2164: PR63 NGC, realized $149,500, and Lot 2163: PR62 NGC, brought $63,250. In spite of the turbulent week on Wall Street, the results of the Long Beach auction demonstrates that collectors are still very excited about numismatic items!”

“One of the most fascinating rarities in the auction,” concluded Rohan, “the newly discovered error 1831 quarter eagle struck on a dime planchet (Lot 3227) realized $46,000. Not a bad return for an item purchased as junk silver! Incidentally, our pre-auction publicity resulted in another well-circulated quarter eagle struck on a dime planchet coming into our offices — and of another date! We are in the process of authentication research, but we certainly expect numismatists to be more carefully examining their worn early dimes in the future!”

The anchor consignments in the U.S. coin catalog were: The Nora Bailey Collection; The Bell Collection; The Davis Conway Collection; The Morton J. Greene Collection; The Hamous Collection of California Gold; The Laredo Collection; The Malibu Collection; The Mississippi Collection; The Menlo Park Collection; The Nevada Collection of Seated Quarters; and The Sundance Collection.

Auction info www.HA.com

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