Ponterio & Associates Nets $2.1 Million in Official November Baltimore Auction
Posted on 12/11/2009
Ponterio & Associates, Inc., the World and Ancients auction division of Bowers and Merena Auctions, dazzled bidders with an extensive selection of coins and paper money from around the world as part of Bowers and Merena's Official Auction of the November 2009 Whitman Coin & Collectibles Baltimore Expo. The combined auction realized more than $8 million, with Ponterio & Associates contributing an impressive $2.1 million to the total through sale of World coins and currency.
"We conducted a fabulous auction at the Baltimore Expo this November," stated Rick Ponterio, executive vice president of Bowers and Merena Auctions. "World coin and paper money consignments were many and diverse, and they resulted in spirited bidding from collectors who were keenly aware of the fleeting buying opportunities that many of the lots represented. Offerings from several countries still amaze me with regard to the final prices realized. In particular, pieces from China, El Salvador, Norway, Russia and Venezuela greatly exceeded our pre-sale estimates, proving that there are active communities of highly specialized bidders who are not afraid to chase down the coins and / or notes that they need to complete their collections."
"One particular coin whose performance impressed me is the Costa Rican 1828-CRF 8 Escudos," continued Ponterio. "Certified NGC MS 62 and cataloged as a 'RARE type and exceptional condition,' this piece is also pedigreed to the renowned Eliasberg Collection. We estimated the coin at $25,000–$35,000 and offered it as lot 8392. The final realized price surpassed our expectations at $37,375."
Additional coin highlights include:
- Lot 8368, China, 10 Dollars, Year 1 (1916), Fr-3, L&M-1027, Y-333, NGC MS 62, realized $11,500
- Lot 8503, Great Britain, 1887 11-Piece Jubilee Proof Set, NGC-Certified, realized $17,250
- Lot 9048, Colombia, Peso, 1869, Medellin Mint, KM-154.2, NGC MS 63, realized $3,738
For more information about Bowers and Merena and Ponterio & Associates, or to consign to an upcoming auction, call 800.458.4646 inside the US and +1 949.253.0916 outside the US. Complete prices realized for all past auctions are available at www.bowersandmerena.com