July 2008 Baltimore ANA Signature and Platinum Night Auction Passes $40 Million

1825/4 $5 AU50 NGCDallas, TX. Heritage Auction Galleries has set the record for the most valuable ANA Auction ever! Significant and classic rarities from all series in American numismatics, most of them offered in the Platinum Night catalogs, smashed the previous record of $27.7 million set last year at the Milwaukee ANA event. The auction was held in Baltimore July 30 – Aug. 3, in conjunction with the World’s Fair of Money summer convention of the American Numismatic Association. Total prices realized for the American coins are currently $41,022,713, and will rise further when the post auction buys are finalized.

“This was Heritage’s 38th Official ANA Auction, a record in itself!” enthused Heritage C.E.O. Steve Ivy. “We were very pleased with our results in Milwaukee last year, and we think Baltimore has demonstrated the absolute strength of the market for important and high quality coins. Such high prices realized also mean a record-setting check will be provided to the ANA to support their educational and membership programs. We also take great pride that our total was 50% higher than our previous ANA record, and double that accomplished by any other ANA auctioneer. Heritage delivered for the ANA.”

“The great rarities included in this auction were simply dazzling,” commented Heritage President Greg Rohan. “Among the 400 consignors participating, several of the ‘named’ collections did especially well. Before the auction we predicted that many records would be set, and we were not disappointed! Ed Price’s marvelous – and unique – collection of early dime and quarter eagle varieties realized $5.7 million, Stephen Stokely’s Registry Collection of $20 Saint-Gaudens exceeded $2 million, Part Four of the Phil Kaufman Collection of Early Proof Sets brought in another $1.4 million, and the DMPL Morgans of the “Gift of Undeserved Favor” Collection realized a similar total. Of course, the ANA-donation luncheon with Jim Halperin topped $12,000!”

Two important lots tied for the most valuable in the auction, at $690,000 each: Lot 1406, a 1792 Disme, Judd-10, High R.6, PR62 Brown NGC from the Ed Price Collection, and Lot 1955, an 1825/4 $5, AU50 NGC BD-2, R.8, once thought to be a unique issue.

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