Bowers and Merena Auctions, America's leading rare coin and currency auction house, conducted its second of two official American Numismatic Association auctions for 2009 over five live sessions last week at the Los Angeles Convention Center as the Official Auctioneer of the ANA World's Fair of Money.
Teletrade Certified Coin & Currency Auctions, sister company to Bowers and Merena, served as the official online auctioneer for the show, conducting auctions on Sunday and Monday, August 9-10. Together they realized a total in excess of $15 million.
"It has been a tremendous opportunity to work with the ANA over this past year, first in Portland and especially now in our own backyard of Los Angeles. The ANA consistently presents a first rate show and it was a privilege to play such an important role in this event as the only official auctioneer," said Steve Deeds, president of Bowers and Merena.
"We are very pleased with the results of the auction. This was our second largest auction in the past five years by both value and number of lots, and under the present economy I think that speaks volumes."
Bowers and Merena Auctions, America's leading rare coin and currency auction house, returns to Baltimore, Md., for the Official Auction of the Whitman Coin & Collectibles Expo scheduled for November 10-14, 2009.
The auction will feature the collection of U.S. and world coins assembled by one of America's most renowned numismatic collectors, Dr. Alfred R. Globus.
Dr. Alfred R. Globus was born July 1, 1920, in Brooklyn, New York. He received his Doctor of Science degree from Hanover College in Indiana and for a short time served as professor of biochemistry at Fairleigh Dickinson University.
He licensed his first chemical process at age 20 for the electrolytic recovery of iron from iron ore, and just two years after that he formed the company that would later become United-Guardian, Inc.
In 1943, he built a commercial plant for the production of vitally needed tungsten concentrates, and served as a consultant to the War Production Board during World War II. Dr. Globus served as the chief executive officer of United-Guardian for more than 60 years.
Over those years he was granted at least 35 patents for the many products and processes that he developed. Dr. Globus passed away in April of 2009 at age 88.
(Irvine, California) -- More than 500 U.S. and world bank notes will be offered in the Official Auction of the American Numismatic Association World's Fair of Money® conducted by Bowers and Merena Auctions at the Los Angeles Convention Center and online, August 2 – 8, 2009.
One of the many highlights is an 1870 $100 Gold National Bank Note, San Francisco Charter #1741, The First National Gold Bank (Fr. 1162), graded PMG Fine 12 Net (restorations).
"This classic rarity is one of only eight notes of this type in private hands, and one of three of this Friedberg number. Those others are in strong hands and not likely to become available in the foreseeable future.
In fact, only three examples have been offered for public sale in the last decade and the latest example, nearly identical to this one, sold for $258,700 in 2007," said Steve Deeds, President of Bowers and Merena (www.BowersandMerena.com).
"With collectors holding tightly to the others, we're not sure when there will be another opportunity to acquire such a rare and elusive note."