Heritage-NYINC Signature Auction of Ancient & World Coins Nears $4.5 Million in New York City Event Heritage Auction Galleries presented one of their most successful Signature Auctions of ancient and world coins at the New York International Numismatic Convention, held in New York on Jan. 6-7.
News-Antique.com - Jan 17,2008 - Dallas, TX. Heritage Auction Galleries presented one of their most successful Signature Auctions of ancient and world coins at the New York International Numismatic Convention, held in New York on Jan. 6-7. The Auction realized more than $4.3 million, with additional proceeds to come from Post Auction Buys expected to push total prices realized past the $4.5 million mark.
"Historic Russian rarities continue to be exceptionally strong," noted Warren Tucker, Heritage's Director of World Coin Auctions. "We are now in the second year of a boom market that sees many numismatic masterpieces being returned to the country where they were minted, after being held in Western collections for many decades. Lot 52195, an 1835 1-1/2 Family Rouble of Nicholas I (Bit-885, Uzd-4204, Julian-1247) with a mintage of only 36 pieces realized $161,000. An 1836 Novodel 1-1/2 Family Rouble (Bit-H889) with a very interesting and rare reverse realized $149,500. A 1724/3 Gold 2 Roubles of Peter I (Bit-163), unusual in not having the Imperial double-eagle on the reverse, realized $37,375."
"The modern, limited-mintage coins of China," continued Tucker, "are also being avidly pursued. The Gem Proof 1992 Gold Kilo 2000 Yuan, Lunar series (KM-Y702), #10 of only 20 minted, realized $126,500 against an estimate of $30,000 - $35,000. The 2005 Gold Kilo Panda 10,000 Yuan, unlisted in Krause and housed in the original presentation case (#74 of a mintage of 100) realized $36,800. The 1993 5 ounce Gold Marco Polo 500 Yuan, KM395, Gem Proof housed in its original case (one of only 100 minted) realized $20,700.
Heritage's Official Auction at NYINC was immediately followed by their Official Auctions at the FUN 2008 Convention in Orlando; FUN prices realized surpassed $50 million in rare coins, and more than $10 million in rare currency (Heritage's second largest auction ever). When proceeds from Final Session Auctions for coins and currency are concluded, plus Post Auction Buys from all events are combined, total numismatic prices realized for the week (including NYINC) are expected to exceed $66 million. Results from all auctions have been posted by Heritage in their Permanent Auction Archives at HA.com.
"We are also seeing increasing numbers of world collectors participating through our new Heritage Live online bidding system," concluded Tucker. "This allows our Internet bidders around the world to participate directly in the floor action, just like any other floor bidder at the Waldorf Astoria. I am seeing more Internet bidders winning using Heritage's unique technology."
Heritage January 2008 NYINC Ancient & World Coin highlights:
Lot 52195: Russia, Nicholas I. 1835 1-1/2 Family Rouble, obverse and reverse signed in full (Paul Utkin), Bit-885, Uzd-4204, Julian-1247, AU.
Exceedingly rare and the second most elusive of the Family Ruble issues; one of the true rarities of Russian numismatics with a mintage of only 36 pieces.
Lot 52196: Russia, Nicholas I. 1836 Novodel 1-1/2 Family Rouble, obverse signed, reverse unsigned. Bit-H889, prooflike UNC. A very interesting and rare reverse variety, completely different from the usual Novodel reverse; the same reverse