Teletrade Breaks Multitude of Records with Online Auction
Conducting the highest grossing auction in its 22-year history, Teletrade breaks records June 1 with total online auction sales surpassing $1.1 million and "The Green Holder Collection" realizing 100 percent sell-through.
IRVINE, Calif. – Teletrade, America’s largest fully automated Internet auction company for certified coins and currency, conducted its highest grossing online auction of certified coins in the company’s 22-year history on Sunday, June 1, 2008, realizing $1,124,253.
The featured highlight of the auction was “The Green Holder Collection,” more than 250 coins in classic PCGS early generation holders, which achieved 100 percent sell-through.
“This is a spectacular accomplishment for an online coin auction to exceed $1 million, which is not only huge for Teletrade but for the industry as a whole,” said Ian Russell, president of Teletrade.
“The Internet opens up so much possibility for buying and selling coins and currency at levels of success never imagined possible, and I am so thrilled that Teletrade is leading the way in Internet certified coin auctions.”
Russell attributes the success of the June 1 online auction to the extraordinary quality of the coins represented in “The Green Holder Collection,” supported by a dynamic marketing campaign of print advertisements, public relations, email blasts and online promotion, as well as very well-attended lot viewing at the Long Beach Coin, Stamp & Collectible Expo in the days leading up to the auction.
