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Press Release - January 9, 2007
World Coin Auction Posts World Class Results!
Over $5.08 Million Realized So far
DALLAS, TX: Heritage Auction Galleries' most recent offering of World and Ancient Coins, held January 7 & 8, 2007 in New York City, in conjunction with the New York International Numismatic Convention, realized $5,084,532 for 3,112 lots offered, although after auction sales are still ongoing and are expected to push the final total even higher.
"This was an exceptionally strong auction," said Warren Tucker, Director of World Coin Auctions for Heritage, "with some outstanding collections serving as anchors. One of the most intriguing was the Treasures of the Sea Collection, featuring a large group of coins recovered from the treasure ships Atocha and Santa Margarita, lost off the Florida Straits during a hurricane on September 5, 1622. A fortune in gold, silver, precious gems and rare artifacts lay undisturbed at the bottom of the sea until 1973, when Mel Fisher's Treasure Salvors began the process of bringing these treasures to light. Over 2,700 4 and 8 Reales silver coins from the Tierra Firma treasure fleet were presented in this offering, inspiring some of the most active bidding I've ever seen on an auction floor. In fact, most of the lots offered realized final prices far in excess of our pre-auction estimates. When all was said and done, this spectacular collection realized nearly $750,000."
"The numismatic hobby has been enjoying a period of great strength for several years," Tucker said, "which shows no sign of diminishing anytime soon. World coins in particular have shown a great deal of growth recently, marked by ever-increasing prices realized in our auctions."
"We're already looking ahead to our next auction," said Tucker, "to be held May 31-June 1, 2007 in Long Beach, California. Our consignment deadline is April 10, so I'd encourage anyone interested in being a part of this exciting event to contact me as soon as possible."
Highlights of the auction included:
Canada: Victoria 25 Cents 1875H, KM5, MS64 PCGS:
Phillipines: USA Administration Peso 1912-S, KM-172, MS65 Eliasberg PCGS:
China: Empire Pattern Silver Liang 1906, KM-Pn300, Kann 934, MS66 PCGS:
Great Britain: George V silver Trade Dollar, 1935-B. KM-T5. Bombay mint:
Canada: George V gold Sovereign 1916C, KM20, MS63 PCGS:
Hong Kong: Victoria Dollar 1866, KM10, Pridmore 1A, Proof:
France: Philippe VI de Valois gold Double Royal d'or ND (1328-50), 1st emission, April 6, 1340, King on Gothic throne with scepter and fleur de lis/Floriated cross in quadrilobe, F-267, Dup-253, Ciani-275, 6.76 gm, lustrous, Choice AU:
To reserve your copy of a catalog for any upcoming Heritage auction, please contact Nicole Jewell, c/o Heritage Auction Galleries, 3500 Maple Avenue, 17th Floor, Dallas, TX 75219, or call 1-800-872-6467, ext. 272.
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