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Press Release - March 24, 2003
Heritage Realizes well over $4.4 Million so far, with Impressive Sell Through Rates in Charlotte ANA Signature SaleDallas, Texas: Despite being limited to only 2,000 lots, Heritage, the official auctioneer of the American Numismatic Association National Money Show for 2003, realized over $4.4 million with its Signature SaleTM held in Charlotte, North Carolina. Conducted in three sessions between March 20 and 22, the 2,000-lot Signature Sale resulted in a high sell through rate of 85.37%. Both the total prices realized and the sell through rate will climb further until March 25, as bidders clamor for Post-Auction Bargains™ that are currently posted at www.HeritageCoin.com. Also, the Heritage Charlotte ANA Bullet Auction™ doesn’t close until Monday evening.
According to Heritage President Greg Rohan, "The Charlotte National Money Show was the 30th official show that Heritage has held in connection with the ANA. It was another outstanding sale, as nearly 1,500 bidders competed for rarities from major consignments such as the Bay Area Collection, the Bent Tree Collection of Walking Liberty Halves, and the J & A Registry Set of Washington Quarters. Velma & Bowie Lynch and Colonel Carmine Penta once again provided important cabinets to bidders, while the first part of the Sunnywood Collection revealed significant 19th Century type coins and patterns, many of which had been closely held for more than thirty years."
"But it was the Lineage Collection of gold ingots recovered from the S.S. Central America that received the fiercest bidder activity. A rarely encountered 19 ounce Blake & Co. ingot sold for $103,500 (http://www.heritagecoin.com/hnaiphoto300.asp?316044009), and a 57 ounce Henry Hentsch ingot (http://www.heritagecoin.com/hnaiphoto300.asp?316044011) brought $97,750. An enormous 125 ounce ingot from legendary assayers Kellogg & Humbert (http://www.heritagecoin.com/hnaiphoto300.asp?316044010) was hammered down for $80,500. The Justh & Hunter (http://www.heritagecoin.com/hnaiphoto300.asp?316044012) and Harris, Marchand, & Co. (http://www.heritagecoin.com/hnaiphoto300.asp?316044008) gold ingots sold for $74,750 and $63,250, respectively."
Continued Rohan, "Perhaps the most impressive price realized, however, was for a 1910 Matte Proof Lincoln Cent (http://www.heritagecoin.com/hnaiphoto300.asp?316046037) that was certified PR67 Red by PCGS. It sold for $36,800, which is multiples of the Certified Coin Dealer Newsletter bid of $5,000. An 1892-O Barber Dime (http://www.heritagecoin.com/hnaiphoto300.asp?316001047) graded MS64 Specimen by NGC brought $9,775, and a 1909 Indian Half Eagle (http://www.heritagecoin.com/hnaiphoto300.asp?316083001), encapsulated as PR68 by NGC, sold to a floor bidder for $69,000."
Prices realized for all lots in the Charlotte ANA National Money Signature Sale are posted online at www.HeritageCoin.com . Membership at that site is free, and, among numerous benefits, includes access to Heritage’s Permanent Auction Archives-a complete listing of prices realized, descriptions, and images for all Heritage Signature Sales, Bullet Auctions, and Exclusively Internet™ Auctions from 1993-date, as well as all Heritage-CAA Signature Sales and CurrencyAuction.comTM online auctions.
Additional Highlights from Charlotte:
Images, descriptions, and prices realized are available in the Permanent Auction Archives at the Heritage website, www.HeritageCoin.com. The Heritage name is recognized worldwide for bringing unparalleled value to every consignor and bidder. Year 2002 sales exceeded $170 million ($92 million at auction) and assets were approximately $30 million. HeritageCoin.com is the Internet's most popular and highly trafficked rare coin site, with over 75,000 registered members. HeritageCoin.com is the only coin site chosen twice by Forbes.com’s Best of the Web (1999 and 2001) as one of the 250 best websites on the Internet, and also won the most recent Numismatic Literary Guild award for Best Numismatic Internet Site. For more information on how to consign your coins to our next Sale contact one of our consignment coordinators at 1-800-US COINS (800.872.6467). We also invite you to visit us on the web at http://www.HeritageCoin.com