Heritage April 2011 CICF World and Ancient Coins Auction Realizes $9.6+ Million

by Heritage Auctions on April 25, 2011 · 0 comments

The Heritage Signature® World & Ancient Coins Auction, held April 14-18 in Rosemont, IL, realized more than $9.6 million.

1928 Chinese Auto Dollar

This 1928 Chinese 'Auto Dollar' realized $74,750 at the Heritage April 2011 CICF World and Ancient Coins Auction. This is a superb example of the ever-popular Dollar, struck to commemorate the first road in the Province and said to feature the Governor's automobile on the obverse. The details on this coin are impeccably sharp and the surfaces are a perfect blend of soft silvery patina and full mint luster.

A 1928 Chinese "Auto Dollar" Year 17 KM-Y428, L&M-609, AU58 PCGS brought $74,750 — a record price for the type — as one of the top lots at the event which was held in conjunction with the Chicago International Coin Fair (CICF), an auction dominated by record prices on Chinese rarities. All prices include 15% Buyer’s Premium.

The total prices realized are nearly double the total realized at CICF 2010, and translate into an overall sell-through rate of 93% by value and 97% by lot totals.

"These results point to the continuing overall strength of the world and ancient coin market," said Cristiano Bierrenbach, Vice President of International Numismatics at Heritage. "We worked closely with Gemini auctions on the very successful, $3.3 million dollar ancient coin session on Thursday, April 14, and the World Coin sessions on Friday and Saturday, April 15-16. Both were huge successes with prices realized 30% higher than our most optimistic pre-auction estimates."

The auction was staged in conjunction with Krause Publications, the producers of CICF, and publisher of World Coin News and Numismatic News, among other hobby publications.

"The world coin community is strong right now, and last week’s proceedings at CICF were as good an indication as any," said convention chairman Scott Tappa. "We had dealers and collectors from around the world buying and selling material from around the world at a variety of price points. Heritage, with an assist from Gemini on the ancients session, put together another fantastic CICF sale that featured something for just about everyone. We are looking forward to doing it again in 2012."

"It was also a pleasure to work with Publisher Scott Tappa and the rest of the Krause crew," said Bierrenbach. "Our partnership since 2010 has turned the CICF show around and put Chicago back on the map for world and ancient coins. We at Heritage look forward to many more years and auctions at the CICF."

Besides the record price realized on the 1928 Chinese "Auto Dollar," record prices were also realized on two more Chinese rarities: a 1914 Chinese Republic Dollar KM-Y322, L&M-858, MS67 NGC, a spectacular example of a very common coin, brought $51,750 amidst spirited bidding, while a 1922 Hunan Dollar Year 11 KM-Y404, L&M-867, MS65 NGC, a superb example of this Provincial Constitution commemorative, matched that same $51,750.

1914 Chinese Republic Dollar

This 1914 Chinese Republic Dollar realized $51,750 at the Heritage April 2011 CICF World and Ancient Coins Auction. This is a spectacular example with iridescent blue-green and magenta patina over flashy reflective surfaces. Certainly one of the finest known for this commemorative struck to celebrate the founding of the Republic and featuring Yuan Shih-kai on the obverse.

Further world record prices were realized on a 1907 Hungarian Franz Joseph II gold 100 Korona, KM490, Proof 65, with provenance from the Eliasberg Collection NGC — one of the nicest examples of this impressive gold commemorative marking the 40th anniversary of the coronation of Franz Joseph II that Heritage has seen — which brought $25,300, while a 1915 Cuban Republic Peso, KM15.2, MS63 PCGS, went home with an advanced collector to the tune of $20,700.

1907 Hungarian Franz Joseph II gold 100 Korona

This 1907 Hungarian Franz Joseph II gold 100 Korona realized $25,300 at the Heritage April 2011 CICF World and Ancient Coins Auction. It is a superb example of this impressive gold commemorative marking the 40th anniversary of the coronation of Franz Joseph II.

A 1931 South Africa Proof Set of George V silver & bronze coins, 8 pieces, KM-PS6, from a mintage of 62 sets, each coin certified by PCGS, brought $48,875 from a determined bidder, while a Brazil Joao V gold 3200 Reis 1749R, KM155, Fr-47, MS65 NGC, the highest condition specimen of all 3200 Reis in existence, settled at $46,000 and a Spanish Joseph Napoleon gold 320 Reales 1810-RS, Cay-14730, KM545, AU55 NGC, ex-Millennia Collection, displaying a rare portrait of Joseph, Napoleon’s older brother, which realized $33,350.

Brazil, Joao V gold 3200 Reis 1749R

Heritage April 2011 CICF World and Ancient Coins Auction Highlight: Joao V gold 3200 Reis 1749R, KM155, Fr-47, MS65 NGC, fully brilliant with sharp details and light original toning. Very rare type in this stunning quality. Together with lot #23204 in our last NYINC auction, a 3200 Reis of 1756R also in MS65, this coin sit atop all of 3200 Reis in existence as the highest condition specimen. Realized $46,000.

Further highlights include, but a certainly not limited to:

About Heritage Auctions

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $600 million, and 500,000+ registered online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

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