Surpasses Pre-Sale Estimate of $273,360-361,585
Consignments Are Currently Being Accepted for the Spring 2015 Auction
We Invite You to Contact Us for a Complimentary Auction Evaluation or Your Coins, Bank Notes and Postage Stamps
Doyle New York’s auction of Coins, Bank Notes and Postage Stamps on October 27, 2014 demonstrated the strength of the current market by far surpassing expectations. The sale featured a wide selection of United States and World coins, bank notes, medals and stamps from a number of prominent collections and estates.
With competitive bidding from buyers in the salesroom, on the telephones, and on the Internet, the sale totaled $500,724, surpassing the pre-sale estimate of $273,360-361,585, with an exceptionally strong 96% sold by lots and 93% sold by value.
Highlighting the United States coins was an 1807 $5 Draped Bust Heraldic Reverse graded Mint State 63 by the Numismatic Guaranty Corporation. The gold coin fetched $22,800, surpassing its estimate of $15,000-20,000. World coins featured a lot of two Russian gold coins, a 1776 10 Roubles from the St. Petersburg Mint and a 1769 5 Roubles, that sold for $14,400, tripling their estimate of $4,000-6,000. A sea salvaged Mexico Philip V 8 Escudos Gold, mint mark of Mexico City, achieved $7,200, also tripling its estimate of $2,000-3,000.
Bank notes in the sale were highlighted by a 1912 China $5 Emperor Huang-ti Banknote back-stamped SHANGHAI, from the Collection of the New York City Bar Association. Estimated at $3,000-5,000, this rare note achieved a stunning $18,000. A group of seven Haiti Port St. Minna Obsolete Scrip Notes, each note dedicated to Bernard Kock, a lessee of the island and signed by same, achieved $7,800, four-times their estimate of $1,500-2,000.
United States postage stamps featured an 1847 First Issue Group comprising 5 Cent Brown and 10 Cent Black examples, F/VF, estimated at $4,000-6,000 that fetched $7,200. A collection of 1861 1 Cent to 90 Cent Denominations, VG/VF, surpassed their estimate of $6,000-7,000, selling for $11,400.
World stamps were highlighted by a group from the People’s Republic of China that all far surpassed their estimates, including a Mint Issue Selection 1966 to 1980, VF, never hinged, estimated at $500-750, that fetched a stunning $5,100. A very rare Malaya Strait Settlements 1908 $500 overprinted SPECIMEN, F, sold for $3,300, tripling its estimate of $900-1,200.
All prices include the Buyer's Premium.
NEXT COINS, BANK NOTES AND STAMPS AUCTION: Spring 2015
Doyle New York's next auction of Coins, Bank Notes and Stamps is scheduled for Spring 2015. Consignments are currently being accepted. We invite you to contact us for a complimentary auction evaluation. Our specialists are always available to discuss the sale of a single item or an entire collection.
For information, please call Norman Scrivener at212-427-4141, ext. 260, or email [email protected]