Heritage Posts $7.5 Million Auction of World Coins at May 2008 Long Beach

Dallas, TX. Heritage Auction Galleries’ Long Beach Signature® Auction of Ancients and World Coins has brought in nearly $7.5 million in prices realized. The concurrent Signature® Auction of U.S. coins realized $19 million. The totals will rise further when post auction buys are finalized.

“While the Russian market continues extremely strong,” noted Warren Tucker, Heritage’s Director of World Coins, “Latin American coins also performed very well, no doubt influenced by the addition of Cristiano Bierrenbach to our staff.

We were pleasantly surprised at the price realized by Lot 52416, a gold 1728 Holland VOC Ducaton of the Netherlands East Indies, which realized $126,500 against an estimate of $30-$35,000; interest in such rarities has been climbing around the globe.

Of our top five highest realizing coins, only one was from Russia - although the Russian rarities made up the highest percentage of our best selling lots. Altogether, more than 650 consignors participated in our May Long Beach auctions, and more than 5,000 bidders.”