NGC-graded Bavarian Rarity Realizes Over $230,000
Posted on 7/14/2020
A very rare German coin graded by Numismatic Guaranty Corporation® (NGC®) realized an incredible € 210,000 (about $237,000) to top the Künker Münzauktionen und Goldhandel Summer Auction Sale 338, which ended June 26, 2020.
The Germany 1739 Bavaria 10 Ducat graded NGC MS 61 sold for more than triple it pre-sale estimate of € 60,000 (about $68,000 USD). The coin depicts Charles VII (also known as Karl Albert) and was struck during a time when Karl was Prince-Elector of Bavaria (1726-45), but before he succeeded in getting himself elected Holy Roman Emperor (1742-45).
|Germany 1739 Bavaria 10 Ducat graded NGC MS 61. Realized: € 210,000 (about $237,000)Click images to enlarge.|
Meanwhile, a Russia 1836 1.5 Rubles graded NGC MS 60 realized € 70,000 (about $79,000 USD), more than double its pre-auction estimate of € 30,000 (about $34,000 USD). This rarity shows Russian Emperor Nicholas I on the obverse and his wife and seven children on the reverse. It was one of several NGC-certified Russian rarities that far exceeded expectations.
|Russia 1836 1.5 Rubles graded NGC MS 60. Realized: € 70,000 (about $79,000 USD)Click images to enlarge.|
"The coronavirus pandemic and the resulting travel restrictions have made it impossible for many buyers to view the auction items, so NGC certification gives customers confidence and security," said Ulrich Künker, Managing Partner of Künker. "One example is the remarkable hammer price of 210,000 euros (including premium without VAT) for a Bavarian 10 ducat piece from 1739 by Karl Albert, which was certified NGC MS 61. We are very pleased with the results of the NGC-certified coins in this auction."
"These impressive results from one of Europe's most-prestigious auction houses show the global appeal of NGC's authentication and grading services," said Mark Salzberg, NGC Chairman and Grading Finalizer. "NGC’s expertise and impartiality give bidders more confidence, resulting in higher prices realized for NGC-certified coins."
Künker Münzauktionen und Goldhandel also held Summer Auction Sale 337 in June. Here are additional NGC highlights from both sales:
- a Russia 1859CNB OB Rouble graded NGC PF 66+★ Cameo that realized € 55,000 (about $62,000 USD), far above its pre-auction estimate of € 20,000 (about $23,000 USD)
- a Russia 1898 AT Rouble graded NGC PF 66 that realized € 42,000 (about $47,000 USD), far above its pre-auction estimate of € 7,500 (about $8,500 USD)
- a Germany 1815 CT Nassau-Usingen Taler Pattern graded NGC MS 63 that realized € 34,000 (about $38,000 USD)
- a Russia 1903 AP 50 Kopek graded NGC PF 63 Cameo that realized € 26,000 (about $29,000 USD)
- a Germany 1695 GE Bohemia 1/2 Taler graded NGC MS 64 that realized € 11,000 (about $12,000 USD).
NGC’s coin authentication and grading services are available to European collectors and dealers through NGC International GmbH (NGC GmbH), the Munich-based affiliate of NGC. For more information about NGC GmbH, visit NGCcoin.de.
For more information about Künker Münzauktionen und Goldhandel, visit Kuenker.de.
Prices realized include a buyer's premium.
Want news like this delivered to your inbox once a month? Subscribe to the free NGC eNewsletter today!