Auction sees strong coin market

(Dallas, Texas) - Heritage Auction Galleries of Dallas, Texas held the official auctions of the Long Beach Coin, Stamp & Collectible Expo on May 31 – June 3, 2006. With over 7,800 bidders participating, the U.S. Coin auctions reported $13,552,202 in overall sales, while the World Coin auctions realized $4,456,277. A related Online Session, held on Monday, June 5, 2006, brought $978,658, bringing the overall total to $18,987,137, although after-auction sales are still ongoing.

“In a year filled with spectacular results, this auction was no exception,” said Greg Rohan, President of Heritage. “This is the hottest coin market in decades, with record price after record price being set at auction. Sellers are seeing fabulous returns on their investments, while buyers are being treated to fresh coins entering the marketplace after being held in private collections for decades. It’s a great time to be a numismatist, and the market seems to increase with every successive offering.”

“The great success of this auction makes us look forward even more to our upcoming Dallas event,” said Rohan, “to be held July 17 – 20 in our world headquarters at 3500 Maple Avenue, Dallas, Texas, 75219. In that auction, we’ll be offering a marvelous array of US coinage. Our next World Coin offering will be September 13-16, 2006, also at Long Beach. We anticipate equally strong results in both of those venues, where we look forward to even more record-breaking results.”

Highlights of the Long Beach Auctions included:

U.S. COINS

1907 $10 No Periods MS68 PCGS REALIZED: $161,000.

1915-S $50 Panama-Pacific 50 Dollar Octagonal MS65 NGC REALIZED: $115,000.

1915-S $50 Panama-Pacific 50 Dollar Round MS65 NGC REALIZED: $109,250.

1892 $20 PR65 Cameo NGC REALIZED: $97,750.

1892-S $1 MS64 PCGS REALIZED: $97,750.

1912 $20 PR67 NGC REALIZED: $86,250.

1795 $10 13 Leaves AU58 NGC REALIZED: $83,375.

1890-CC $10 MS64 PCGS REALIZED: $80,500.

1915-S $50 Panama-Pacific 50 Dollar Octagonal MS63 NGC REALIZED: $78,200.

1908-D $5 MS65 PCGS REALIZED: $74,750.

WORLD COINS

[Russia] Nicholas I. 1-12 Family Rouble 1835 REALIZED: $161,000.

[Uruguay] Republic 1870 Four-piece Pattern gold Set REALIZED: $97,750.

[Russia] Nicholas I. 1-12 Family Rouble 1836 REALIZED: $74,750.

[Australia] George V Four-piece 1916M Specimen Set in the Original Case REALIZED: $69,000.

[Russia] Alexander III. Rouble 1892 REALIZED: $63,250.

[Russia] Nicholas I. gold Marriage Medal 1841 REALIZED: $57,500.

[Russia] Nicholas I. 1-12 Family Rouble 1836 REALIZED: $51,750.

[Korea] Kuang Mu gold 10 Won year 10 (1906) REALIZED: $41,400.

[China] Empire. Hu-Poo Tael in Gold Year 29 (1903) REALIZED: $37,375.

[Russia] Alexander II. Rouble 1859 REALIZED: $34,500.

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