Fetching more than double the price of pre-sale estimates, one of only two known 1993-W one-ounce gold American Eagles graded a perfect PCGS Proof-70 deep cameo sold for a record $36,960 in an April 23 Teletrade Premier Sale.
?With only two 1993-W Eagles graded Proof-70, this is the rarest one-ounce gold Eagle in the PCGS Population Report,? said Ian Russell, president of Teletrade. ?We had strong bids from 15 different people who wanted this coin, and the auction set a record price for any one-ounce American Eagle.?
The pre-sale estimate was $15,000 or more. Included in the $36,960 winning bid, paid by an anonymous collector, was a 12 percent buyer?s fee.
This is the third record price set in recent Teletrade auctions for certified, modern coins. Others include: $16,240 for a 1971-S Eisenhower dollar Proof-70 DCAM; $10,300 for a 1984-P Olympic gold $10 Proof-70 DCAM; and $7,840 for 2001-W one-ounce gold Eagle Proof-70 DCAM.
?Earlier in April, we also had a winning bid of $54,880 for a 1927-S Saint-Gaudens double eagle graded PCGS MS-63,? said Russell.
Teletrade auctions are held every Sunday, Monday and Wednesday. For additional information, visit www.Teletrade.com, or call toll-free (800) 949-2646.