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Press Release - January 18, 2006
Heritage's New York World Coin Auction Realizes Over $3 Million!
Dallas, Texas: Heritage World Coin Auctions (HWCA) brought 2006 in with a bang as its latest auction of rare world coins and currency realized $3,012,030 in New York on January 8-9. 2,905 total bidders participated, 689 of them successfully, for 2,701 total lots. This brings Heritage's overall auction total for the weekend, including their U.S. Coins Signature Auction (#394), the Heritage Currency Auctions of America (CAA) Signature Auction (#396), both of which were held as official auctioneer of the F.U.N. Convention in Orlando, FL, and the connected Online session, to $47,086,870.
"This was the second highest total HWCA has ever realized in any auction," said Warren Tucker, Director of HWCA, "barely trailing our auction of the Belzberg Collection of Canadian Coinage in 2003. The current high demand for British material meant that our outstanding selection of these coins fared exceptionally well, as led by a 1937-dated brass Threepence of the abdicated King Edward VIII. Believed to be unique, this pattern is so desirable and so rare that the former King was unable to obtain one for his own collection. A fortunate collector was able to secure the piece in this auction for $48,875."
"However, the star of the auction was unquestionably the Carlos and Joanna 8 Reales, struck in Mexico in 1538 and considered among the most valuable Latin American coins, if not the most valuable," continued Tucker. "Believed lost to posterity for over four centuries, three of these silver dollar-sized pieces were recovered from a shipwreck in the early 1990s. This coin, the finest of the three, realized $373,750, " a new auction record for a Latin American coin.
"Because of these strong results and the robustness of the market," concluded Tucker, "we are anxiously awaiting our next Signature Auction, to take place in Long Beach, CA on June 1-2."
Auction highlights included:
Mexico - Carlos and Joanna 8 Reales, ND (1538). XF. REALIZED: $373,750.
Spain - Fernando V and Isabel I gold Double Castellano (4 Ducats) ND (1474-1504), Seville mint, Crowned Fernando and Isabel seated on thrones, facing each other/Two shields on eagle, Calico-19, Fr-147, 9.20 gm, Choice AU-UNC. REALIZED: $74,750.
Great Britain - King Edward VIII brass threepence 1937. Peck-2366, listed as Probably Unique. Choice Matte Proof. REALIZED: $48,875.
Great Britain - Oliver Cromwell gold Half Broad 1658. Fr-274. WR-43. MS64 PCGS. REALIZED: $37,375.
Portugal - Joao III (The Pious) gold Portugues ND (1521-57), Crowned arms of Portugal dividing L-R/Cross of the Order of Christ, Vaz-J3.09, unlisted in Friedberg, 34.71 gm, Fine. REALIZED: $23,000.
Great Britain - Victoria Young Head Proof half-sovereign 1887. Shield reverse. WR-359. REALIZED: $23,000.
Great Britain - James I (1603-25) rose-ryal. S-2633. AU55 NGC. REALIZED: $17,250.
Canada - Victoria 25 Cents 1881H Specimen, KM5, Specimen 65 PCGS. REALIZED: $16,100.
Greece - George II gold 100 Drachmai 1935 (1940), KM75, Friedberg 19, Proof 62 Cameo PCGS. REALIZED: $15,525.
Great Britain - William III five guinea 1701. S-3456. Virtually Uncirculated. REALIZED: $14,950.
China - Fukien. Ration Silver Dollar ND (ca. 1844), Kann-5, XF with one reverse chop. REALIZED: $14,950.
Canada - Newfoundland Victoria 1882H Specimen Set. REALIZED: $13,800.
Great Britain - William & Mary 5 guineas 1692, S-3422. AU50 NGC. REALIZED: $13,800.
Great Britain - George II half-guinea 1745-LIMA hallmark. S-3684. Intermediate head. Uncirculated with slightly prooflike or "hard" luster. REALIZED: $12,650.
Great Britain - Victoria gold 5-Pounds 1839 Una & the Lion. S-3851. Young Head. Impaired Proof. REALIZED: $12,650.
Russia - Nicholas II Proof Rouble 1906, KM-Y59.3, Dav-293, Proof 66 NGC. REALIZED: $12,650.
Images, descriptions, and prices realized from this auction, as well as all previous Heritage auctions, are available in the Permanent Auction Archives at the Heritage website.
To purchase a catalog for any Heritage Auction, please contact Nicole Jewell at Heritage Numismatic Auctions, Inc., 3500 Maple Avenue, 17th Floor, Dallas, TX, 75219 or visit HeritageGalleries.com/Coins to order by credit card.
For additional Heritage press releases, please visit http://www.HeritageGalleries.com/Coins/common/info/press/default.php.