GreatCollections Sells $110,000 Gold Coin
Ian Russell on Tue, Mar 20, 2012 12:55:44 PM
GreatCollections Auctions 20th Century Gold Coin for $110,000
Two bidders compete for the high grade-rarity.
GreatCollections conducted their most successful coin auctions since their launch on March 18, 2012, with sales exceeding $505,000 for the certified coins on offer. While the material was diverse, there was an emphasis on high grade PCGS and NGC gold coins, Morgan Dollars and
The centerpiece of the auction was a rare 1907 High Relief Double Eagle, graded MS-67 by NGC. The coin ranks in the finest 20 known, and finally sold for $100,000 plus the 10% buyer's fee. The $110,000 final bid sets the 2012 record for an online coin auction. A lower grade MS-62 example of the same coin sold to a Texas resident for $19,801.
"It's always an honor to auction rarities such as the MS-67 High Relief and I am glad we found the coin a new home. Our recent increase in sales is a testament to the strength of the coin market in
high end rarities," said Ian Russell, President of GreatCollections.
Ian continued, "It is our goal to offer rarities of this calibre in future auctions by GreatCollections. Consignors and bidders alike are attracted by our low commission rates,"
Another notable sale was the 1915-S $50 Panama-Pacific Round graded MS-63 by PCGS. The CAC-verified coin sold for $79,750 to an East Coast bidder.
Next week's coin auctions feature a scarce 1889 Carson City Morgan Dollar, graded MS-62 PL by PCGS. The coin has also been verified by CAC, and is estimated to sell for more than $30,000. Aside from these featured highlights, there are hundreds of coins each week starting at
between $10 and $500.