Heritage’s Long Beach Coins and Currency Sales Top $15.7M | CoinNews

More than 5,100 global bidders engaged in eager wish to drive the entire leave for the Long Beach Expo US Coins Signature® Auction and US Currency Signature® Auction to $ 15,787,609 in compound sales.
1870-CC $20 XF40 PCGS. Variety 1-A
A historic 1870-CC $ 20 XF40 PCGS soared to $ 360,000 to lead the coins consequence to $ 8,393,786 in sum sales at Heritage Auctions Oct. 7-10, while a Fr. 2231-G $ 10,000 1934 Federal Reserve Note. PMG About Uncirculated 50 doubled its pre-auction appraisal at $ 240,000 to lead the Expo ’ south currentness consequence to $ 7,393,823 .
In all, 5,116 bidders — 2,893 for coins and 2,223 for currency — took share in the events, each of which produced exceeding sell-through rates of 100 % by value and by lots sold for coins, and 99.8 % by value and 99.96 % by lots sold for currentness .

“ The demand for rare and desirable coins and currency continues to grow, which was reflected in the results for both coins and currentness in this auction, ” Heritage Auctions President Greg Rohan said. “ People looking for high-end coins and notes came away from this event with especial items to bolster their collections. “.

U.S. Coins
The 1870-CC double eagle in this auction is a new discovery, an heirloom passed down family lines for several generations. It was wholly strange to the collecting populace until recently. only about 60 survivors from the minor 1870 coinage of barely 3,789 pieces are known in all grades .
From the first coinage of $ 50 aureate pieces for the Panama-Pacific International Exposition, a 1915-S $ 50 Panama-Pacific 50 Dollar Round MS65 PCGS rode 68 bids to $ 180,000. This is a round version of the coin that enjoyed a observe release in octangular human body, and the attention showered upon the eight-sided version left its round off counterparts largely overlooked ; as a result, the round translation is the rare of the variants, and more valuable in eminent grade .
A 1794 50C O-105, T-3, High R.4, AU58+ PCGS brought a winning offer of $ 168,000. Because the Mint ’ s coining urge proved inadequate to meet the demand for silver medal dollars, a little mintage of half dollars was achieved. only 3-4 % of the 23,464 struck — 5,300 of which were delivered in December 1794, the rest in February of the follow year — or a entire of roughly 800 are believed to have survived in all grades .
A 1932 $ 20 MS65 PCGS, one of the first base late-date Saint-Gaudens Double Eagles to reach auction with regularity, drew more than 50 bids before it reached its final price of $ 156,000. It is believed that all but 250 1932 double eagles reportedly struck were kept in the Philadelphia Mint vaults before being melted under President Franklin D. Roosevelt ’ s Gold Recall order of 1933. Another 75 were destroyed in assay tests, and of the 175 that remained available to the public, 113 were sold privately by the Mint Cashier or the treasurer to particular buyers, including a group of 50 pieces to Spencer S. Marsh of Newark, New Jersey. The offer case is believed to be one of approximately 95 extant in all grades .
For closely two centuries, numismatic tradition has had it that 1776 Continental dollars were struck at the behest of the Continental Congress as prototypes for an american english dollar coin. The theory was the capable of argue, but an article by in the January 2018 write out of The Numismatist presented hard, if not incontrovertible evidence that the Continental dollars were actually struck in Europe circa 1783, not in Revolutionary War-era America. A near-Gem case, 1776 $ 1 Continental Dollar, CURRENCY, Pewter, EG FECIT, MS64 PCGS. Newman three-d, W-8460, R.4, drew a winning wish of $ 150,000 .
A 1926 $ 1 MS67 PCGS from The James E. Blake Collection reached $ 120,000, a commemorate for the most ever paid for a 1926 Peace Dollar. production of this mint dipped to fair 1.9 million pieces in 1926, and few survivors can match the quality and eye appeal of this Superb Gem exemplar .
other circus tent lots in the auction included, but were not limited to :
For complete results, visit HA.com/1334 .
U.S. Currency

“ The robust markets for collectibles are bringing out some big items, pieces we might only see once in a ten or less, ” Heritage Auctions Vice President Dustin Johnston said. “ The grocery store is responding in kind. We set many new records last workweek as no one knows when those opportunities will come around again. Astute collectors need to be on their toes right now ; this marketplace is moving fast. “.

The Fr. 2231-G $ 10,000 1934 Federal Reserve Note. PMG About Uncirculated 50 is a potent exercise for the grade among notes of this denomination, which have seen steadily rising prices in the final couple of years. The leave exceeds what would be the note ’ s buying power in the current economy : $ 10,000 in 1934 equates to roughly 200,000 nowadays .
A high-grade Fr. 2221-E $ 5,000 1934 Federal Reserve Note. PMG Choice Uncirculated 63 more than doubled its pre-auction estimate when it sold for $ 204,000. This rare and popular $ 5,000 Richmond Fed is quite possibly a high denomination refilling eminence. This put up bears a bluish green seal which is not the discipline color for regular issue $ 5,000 and $ 10,000 FRNs, which should feature a vivid light green color ; surrogate notes were frequently printed at a different time than the even production runs, and in this sheath would have required hand setting the serial numbers .
A Fr. 1218f $ 1,000 1882 Gold Certificate PMG Very Fine 25, from the Yuri Solovey High Denomination Collection, brought a winning bid of $ 192,000. series 1882 $ 1,000 Gold Certificates are listed as eight different significant numbers in Paper Money of the United States by Ira and Arthur Friedberg, with each featuring different signature combinations as the offices of Register of the Treasury and Treasurer of the United States turned over. fair 96,000 examples were printed in total, and the high confront value, coupled with the Gold Reserve Act of 1934 under Roosevelt, resulted in massive redemption rates. just 11 examples are listed in the census by series number, including one nibble which is off the market permanently in the holdings of the Federal Reserve Bank of San Francisco .
A Fr. 2220-F $ 5,000 1928 Federal Reserve Note. PMG Choice Very Fine 35, from a serial in which notes were printed for barely nine of the 12 Federal Reserve Banks, climbed to $ 150,000. besides from the Yuri Solovey High Denomination Collection, this Atlanta example is one of only about 20 survivors known from all districts combined. The small full is a result of minuscule print runs compared to most twentieth hundred print totals, with equitable 1,440 notes printed and released through the Atlanta District .
Another outstanding part from the Yuri Solovey High Denomination Collection and the San Francisco District, a consecutive Number 1 Fr. 2211-L $ 1,000 1934 Light Green Seal Federal Reserve Note. PMG Very Fine 25 reached $ 126,000. This exemplar is the only reported No. 1 $ 1,000 Federal Reserve Note outside of government hands .
other acme notes in the auction include, but are not limited to :
For accomplished results, chew the fat HA.com/3585 .
About Heritage Auctions .
inheritance Auctions is the largest fine art and collectibles auction theater founded in the United States, and the world ’ randomness largest collectibles auction. heritage maintains offices in New York, Dallas, Beverly Hills, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong .

Share news:

beginning : https://coinselected.com
Category : Coin collecting

Leave a Reply

Your email address will not be published.