PRESS RELEASE: Heritage auctions more than $70 million of coins and currency in first three weeks of 2017
Firm records spectacular results across U.S. Coins and Currency and World & Ancient Coins
DALLAS, Texas (January 23, 2017) – Heritage Auctions, the world’s largest numismatic auction house, announced Tuesday that it sold $70,822,868 million in U.S. coins, U.S. and World Currency and World & Ancient Coins at auction during the first three weeks of 2017 – a 30 percent increase over 2016.
“These results show Heritage is in tune with the market and its clients and maintains its superiority as the world’s No. 1 auction house for numismatic collections, large and small,” Greg Rohan, President of Heritage Auctions, said. “The rare coin market remains a robust market for collecting and investing.
“These results bode well for 2017. We remain optimistic for the coming year.”
During its annual auction held in conjunction with the Florida United Numismatists convention, U.S. coin sales totaled more than $42 million, led by a rare, 327.97-Ounce Justh & Hunder Gold Ingot, which sold for $564,000, and a 1792 H10C Half Disme, which ended at $493,500 following interest by 14 bidders. A 1884 Trade dollar, a classic rarity of which there are only 10 are known to exist, sold for $423,000.
U.S. and World Currency sales realized more than $8.8 million on top of a 1934 $10,000 Federal Reserve Note from the famed Binion Horseshoe Casino display, which sold for $158,625, and a 1934 $5,000 note, which sold for $146,875.
“Overall we were very pleased with the results,” said Dustin Johnston, Director of Currency Auctions at Heritage. “As expected, collectors zeroed in on rare notes with impeccable provenance and exposure. Condition played an important role this year as near-gem examples surpassed expectations.”
World & Ancient Coins sold more than $18 million during its annual auction held in conjunction with the New York International Numismatic Convention (NYINC) at the Waldorf Astoria in New York and online. The star of the NYINC show was the Meiji 13 (1880) proof set of Japanese coinage, from the Commander Collection, the most valuable of which sold for $305,500, followed by an 1880 Meji gold Proof 10 Yen, which sold for $270,250.
“We serve the most significant numismatic collections in the world,” said Cristiano Bierrenbach, Executive Vice President of International Numismatics. “New markets and stellar collections underscore our growth plans for 2017.”
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, Paris, Geneva, Amsterdam and Hong Kong.
The Internet’s most popular auction-house website, HA.com, has over one million registered bidder-members, and searchable free archives of four million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.