Proof Gold Stars at Heritage’s $10 Million Phoenix ANA Signature Auction
Dallas, TX. The Official Auction of the ANA's Phoenix National Money Show, presented by Heritage Auction Galleries March 6-7 has concluded, with prices realized close to $10 million; this marked Heritage's 37th official auction on behalf of the American Numismatic Association. Prices realized from the 2,000 lots included in the event currently stand at $9,671,627; after adding proceeds from all Post Auction Buys, total prices are expected to exceed $10 million. Images, descriptions, and prices realized are currently posted at Heritage's HA.com website.
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The cost to manufacture pennies and nickels exceeds their face value. A newly introduced House bill would change the metal composition in coins to make them profitable again.
The newly introduced bill is not a new concept. A similar bill received attention late last year. The 'Coin Modernization and Taxpayer Savings Act of 2007' failed to get through the gates when a mini firestorm erupted. Mostly because the bill contained more than what its name implied - a provision that would allow citizens to melt pennies.
That portion of the bill proved to be controversial. Why? The U.S. Treasury implemented a ban on melting 1-cent and 5-cent coins that went into effect just months earlier with a stated objective to save money.
Read the rest of this numismatic news article »"Carl F. Chirico Jr. Collection of World Pattern Coins" Tops $2...
IRVINE, Calif. – Bowers and Merena Auctions, America's leading rare coin auction house, delighted World coin enthusiasts in Baltimore and across the globe on March 1 with an action-packed special session of World/Ancient Coins as part of their first of three Official Auctions of the Baltimore Coin and Currency Convention for 2008.
The World session was the grand finale of the four-session auction that realized a total of $9,764,934 and saw more than 3,200 lots cross the auction block. The World/Ancient session realized 2,155,414.
