Heritage Summer F.U.N. Signature Auction Posts Strong Results

Posted on 7/1/2007

Nearly $10 million in prices realized at the first summer F.U.N. event. Read on for the full details and highlights.

Nearly $10 Million in Prices Realized at First Summer F.U.N. Event; Heritage Live Online Bidding Fully Launched and Active

Heritage Auction Galleries held the official auction of the inaugural summer F.U.N. convention in West Palm Beach, Florida on July 12 - 13, 2007. $8,837,840 was realized for 3,341 lots, although after-auction sales are still ongoing. A final session, held on Monday, July 16, realized $1,145,160 for 3,164 lots, bringing the final total to $9,983,000.

“The Florida United Numismatists convention, held in January of each year, typically sees one of our biggest and most exciting auctions,” said Greg Rohan, President of Heritage. “So we were thrilled to take part in this first-ever summer F.U.N. convention.”

“As we've come to expect from F.U.N., the audience at our auction was enthusiastic and ready to participate,” Rohan said. “Numismatists from all over the world were obviously attracted to both the quality and rarity of the items presented, and they bid accordingly. Consequently, this was another extremely strong auction for Heritage. The show itself was extremely successful, with very positive comments and feedback received from both dealers and attendees, so we anticipate an even bigger and better convention next year.”

“Aside from the significance of this being the very first summer F.U.N. show,” Rohan said, “this auction was also notable as one of the first coin auctions at which bidders were able to participate through our new live bidding platform, Heritage Live. By logging into Heritage Live at www.HA.com/Live, bidders were able to hear streaming audio of the auction, and participate in real time, competing against bidders on the floor. We had 898 unique users participate through Heritage Live at this auction, making it the second most popular choice of bidders overall, after placing proxy bids through our Web site at www.HA.com . Bidders using Heritage Live pay no additional Buyer's Premium, so we're looking forward to this system becoming a major part of all of our auctions from here on out.”

“Our next numismatic auction will held August 8-12 in Milwaukee, Wisconsin as the official auctioneer of the American Numismatic Association's Worlds Fair of Money,” Rohan said.

Highlights of the summer F.U.N. signature auction included:

1827/3 25C Restrike PR66 NGC:
REALIZED: $126,500

1893-O $1 MS65 NGC:
REALIZED: $115,000

1915-S $50 Panama-Pacific 50 Dollar Octagonal MS65 NGC:
REALIZED: $100,625

1896-O $1 MS65 NGC:
REALIZED: $100,625

1912 $20 PR67 NGC:
REALIZED: $83,375

1895 $1 PR65 Cameo NGC:
REALIZED: $60,375

1909/8 $20 MS66 NGC:
REALIZED: $60,375

1920-S $10 MS62 NGC:
REALIZED: $60,087

1876 20C PR68 NGC:
REALIZED: $51,750

1893-CC $1 MS65 NGC:
REALIZED: $48,875

For more information about Heritage's auctions, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HA.com.

This is a guest article. The thoughts and opinions in this piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.