Heritage September Long Beach Auctions Exceed $34 Million
Posted on 9/20/2011
We were blown away by these fantastic results across the board as collectors were out in force over the course of the week. Rare gold in pristine condition was the main draw and the top collectors didn't let anything stop them from obtaining their preferred treasures.
The main draw of the Long Beach Coin, Stamps & Collectibles Expo events was easily our spectacular Signature® World and Ancient Coins Auction, the total of which — nearly $20.4 million — easily constitutes the category's single highest grossing auction since its inception 11 years ago. More than 3,580 bidders vied for the 2,835 lots in the auction, translating into an astounding 97.74% through rate by value.
The market for world and ancient coins has never been stronger, and it shows no sign of slowing as emerging nations the world over, along with smart American collectors, capitalize on the incredible value of those beautiful coins.
While far from Heritage's strongest offering of U.S. Coins, the September Signature® U.S. Coins Auction showed impressive strength with a total of over $8.5 million. Whether it was the continued instability of domestic financial markets, or simply a plethora of great coins available at great prices, top collectors were out in force competing for the auction's top lots.
Gold remained extremely popular and sought-after in the auction, as a Justh & Hunter Gold Ingot, 50.50 Ounces, from the S.S. Central America, ignited collector passion with heated bidding battle resulting in a $166,750 final price realized. A magnificent 1910 $20 PR67 NGC, the last of nine pieces in an original 1910 proof set, quickly rose to finish the day at $161,000.
Our next Signature US coin auction will post for bidding very soon at HA.com, with future US coin Signature auctions scheduled roughly once per month. The next scheduled Signature currency and world coin auctions are scheduled for January 2012. We are accepting consignments for all of these auctions; give us a call at 1-800-872-6467, x1000 (coins) or x1001 (currency) to find out more!
The thoughts and opinions in the piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.