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Heritage Long Beach sale realizes $22 million

Heritage’s Signature Auctions at the Sept. 21-24 Long Beach Coin Expo made a big haul, realizing $22,322,770. It was the company’s best showing ever at Long Beach.

That total includes the 15 percent buyer’s fee.

As the official auctioneer of the event, Heritage Numismatic Auctions, Inc., held three sales, including Heritage World Coin Auction No. 387 and Heritage Currency Auctions of America No. 386.

A total of 8,128 bidders participated, 2,288 of them successfully, for 13,681 total lots. 160 lots were purchased after the auctions by 95 bidders for a total of $159,730, although after-auction sales are still ongoing.

In addition, an on-line session closed Monday, Sept. 26, and was expected to raise the total prices realized to close to $24 million.

“This was our most successful Long Beach auction ever, far surpassing the previous record of $18.5 million set in February 2005,” said Greg Rohan, President of HNAI.

The U.S. coin auction alone took in $14 million, to go with the $1.2 million realized in the world coin auction and the $6.7 million recorded in Heritage’s currency auction. Heritage’s next auction is Nov. 3-5 in Palm Beach, Fla.

Leading the way in the U.S. coin auction was a 1916 doubled die obverse nickel, graded MS-64 by Professional Coin Grading Service, that realized $264,500. Another highlight was an 1820 quarter, graded PR-67 by Numismatic Guaranty Corp., that fetched $218,500.

In the currency sale, a Fr. 2231-B $10,000 1934 Federal Reserve Note garnered the headlines, graded Gem Uncirculated 67 by Currency Grading and Authentication, netted $109,250. In the world coin sale, a 1930 George V Penny (Australia) fetched $18,975.

For information on these sales or to order an auction catalog, visit  www.HeritageCoins.com. To purchase an auction catalog, write to: Nicole Jewell, Heritage Numismatic Auctions, Inc., 3500 Maple Ave., 17th Floor, Dallas, TX 75219.

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