Teletrade two-day total was $1,244,081 for the 3,644 lots offered in the sale. Internet auction company for certified coins, recorded the largest sale in the company's 19-year history during its two-day auction in conjunction with the American Numismatic Association.
News-Antique.com - Nov 30,-0001 - Teletrade, an Escala
Group company (Nasdaq: ESCL), and America's largest fully-automated telephone
and Internet auction company for certified coins, recorded the largest sale in
the company's 19-year history during its two-day auction in conjunction with
the American Numismatic Association Coin, Stamp & Collectibles Show in Las
Vegas. The prices realized exceeded $1.2 million, reflecting the tremendous
growth of the company.
"On the first day of the show alone, we realized more than $735,000 in
winning bids, shattering our previous record. The two-day total was
$1,244,081 for the 3,644 lots offered in the sale. Nearly 1,300 bidders
participated, many of them taking part in a Teletrade auction for the first
time," said Ian Russell, Teletrade President. "It was an overwhelmingly
successful joint effort by Teletrade and the ANA, and there were many positive
comments from collectors, investors and dealers. We reached many new
potential bidders and consignors, and we are extremely optimistic about the
continuing strength of the rare coin marketplace."
As the Official Internet Auction of the recent ANA's Las Vegas show,
October 28 - 30, 2005, the sale featured several notable consignments
including the Capri PCGS Set Registry(SM) of Peace Dollars and the Mid-West
Collection of Type Coins. Two prominent proof Morgan Dollars from the famous
Excalibur Collection also were in the sale.
After the sale, ANA Executive Director Christopher Cipoletti stated: "This
was a first for the ANA and Teletrade, and the partnership worked well to the
benefit of buyers and sellers."
Highlights and prices realized of the ANA Las Vegas show auction included:
1860-C $2.50 gold, NGC MS-61, $18,480;
1908-S Half Dollar, Price Collection, PCGS MS-67, $14,560;
1928-S Peace Dollar, PCGS MS-65, $14,560;
1838-D $5 gold, NGC AU-58, $14,560;
1883 proof $2.50 gold, PCGS PF-64 Deep Cameo, $14,000;
1842-D $5 gold Large Date, NGC AU-55; $14,000;
1907 $20 High Relief, Wire Edge, PCGS AU-50, $10,976;
1895 Quarter Dollar, PCGS MS-67, $10,752.
A total of 13 Teletrade auctions are scheduled in November, including the
Premier Auction on November 27 that will feature a complete set of silver
commemorative coins.
ABOUT TELETRADE
Founded in 1986, Teletrade is America's largest fully-automated telephone
and Internet auction company for certified coins. Teletrade has 146,000
registered users and is one of the most frequently visited coin-related
websites on the Internet. Auctions are held every Sunday, Monday and
Wednesday. For additional information, visit http://www.Teletrade.com or call
toll-free (800) 949-2646.
ABOUT ESCALA GROUP
Escala Group is a global federation of leading companies in the
collectibles market with operations in North America, Europe and Asia as well
as on the Internet. The company operates through a number of subsidiaries that
specialize in various sectors of the collectibles markets, and is comprised of
three business areas: auctions, merchant/dealer operations and trading.
Escala Group's North American operations include Greg Manning Auctions
division, Ivy & Manning Philatelic Auctions, Greg Manning Galleries, Greg
Martin Auctions, Spectrum Numismatics, Teletrade, Nutmeg Stamp Sales, Superior
Sports Auctions, Bowers and Merena Auctions, and Kingswood Coin Auctions, and
H.R. Harmer. In Europe, the leading auction
