Numismatists from around the world descended upon the birthplace of United States coinage last week for the 2018 ANA World's Fair of Money in Philadelphia, where once again, records were broken in Stack's Bowers Galleries' official auction. Nearly 5,000 United States coin lots and an incomparable selection of historic rarities were offered in the firm's summer 2018 sale and were met with strong enthusiasm from collectors of every segment. Over $21.1 million in U.S. coins were sold, including the record-breaking $4.5 million auction sale of the finest known 1913 Liberty Head nickel. This event demonstrates continued strength in nearly every segment of the U.S. coin market and points to Stack's Bowers Galleries as a leader in numismatic auctions.
Stack's Bowers Galleries' August 14-16 Official Currency Auction of the ANA World's Fair of Money was a great success, with many items exceeding estimate on their way to new homes. Two name collections, Part II of the Joel R. Anderson Collection of United States Paper Money and Part I of the John E. Herzog Collection of United States Treasury Bonds attracted intense interest, as well as enthusiastic bidding. In all, the paper money portion of the firm's Philadelphia auction realized $12,294,094.
Legendary numismatic auction firm Stacks Bowers Galleries realized another record breaking price when it sold the rarest and most valuable U.S. nickel at their official auction of the ANA Worlds Fair of Money in Philadelphia. In front of a standing-room only crowd with auctioneer Melissa Karstedt at the podium, the finest known 1913 Liberty Head nickel brought $4,560,000, becoming one of the five most valuable coins sold at auction. In addition, it now ranks as the most valuable non-precious metal coin ever sold. The winning bid was placed by Laura Sperber, partner in Legend Numismatics.
Stack's Bowers and Ponterio is pleased to announce the results of their August 2018 Hong Kong Showcase Auction of Chinese Coins, Foreign Coins and Paper Money. Once again the semi-annual sale located at the Mira Hotel attracted collectors, dealers and enthusiasts from around the globe. In addition to the excellent auction sessions, the week was capped with great attendance at the fifth Hong Kong Coin Show.
Stack's Bowers Galleries' August 16 offering of Part II of the Joel R. Anderson Collection of United States Paper Money in Philadelphia, achieved nearly $10 million as a room full of enthusiasts vied with online bidders to take home unique, extremely rare and finest known pieces, as well as type notes in incredible condition. In all, the 70 lots realized $9,652,860, with two notes bringing over $1 million each and well over a quarter of the lots crossing the $100,000 mark.