International Auction Galleries : Coin Collecting News

Author Archive for

International Auction Galleries has been a leading Australian Auction House since its establishment in 1985. We specialise in High Quality "Boutique" style Coin and Banknote Auctions, of which we do 2 specialist sales a year, and as of 2007 we have done 65 Coin Auctions over a 22 year period. Other Auctions we conduct also include Antique, Modern and Estate Jewellery, Rare Memorabilia and Antiques. http://www.iagauctions.com

IAG’s Sale 67 Realises Over $5.6 Million and Breaks World Record!!

Print This Article

Comment On This Article

By International Auction Galleries on Tuesday, March 11, 2008
Filed Under: International Auction galleries, Auction News, Featured, Banknotes

A New World Record Price for any Australian Numismatic Item has been set. A 1913 10 Shilling Note was auctioned by International Auction Galleries on March 9th (Lot 126) for A$1.909 million (U.S. $1.767 million) (includes buyers fee), the Highest Price ever for an Australian Numismatic Item, and the Highest Price for any Numismatic item ever sold in Australia of any description! Highest price paid for ANY Australian Numismatic Item

This landmark sale Eclipses the Previous Record Price by a whopping $685,750 to become the new King! The Record Breaking Sale of the First Ever Commonwealth Banknote printed in Australia is the most significant single sale of any major Auction House, and is sure to keep IAG’s name in the record books for many years yet!

A key point also was the fantastic overall strength of the sale in what many might perceive as a weakening economy, with numerous record prices set and 9 individual lots selling for more than $100,000. (more…)