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Press Release - January 9, 2007
Heritage's F.U.N. Currency Auction Tops $10 Million
Helps Set $75 Million-Plus World Record for Largest Numismatic Auction
DALLAS, TX: The official currency auction of the Florida United Numismatists convention achieved prices realized of $10,385,202. When combined with the F.U.N. proceeds for U.S. Coins totaling $65,180,395, a new world's record for the largest numismatic auction ever was set by Heritage Auction Galleries in Orlando. The previous world's record of $61.7 million was set by Heritage at the 2005 FUN convention.
According to Jim Fitzgerald, Heritage's Director of Currency Auctions, "More than 900 consignors trusted Heritage with their prized notes and coins, and 6,412 bidders participated in the coin and currency Signature auctions - with even higher counts to come after the OnLine currency and coin sessions."
"As pleased as we are with breaking the $10 million threshold," added Dustin Johnston, Director of Currency Auctions, "we still expect a substantial increase in prices realized due to record-setting Post-Auction Buys. After the OnLine currency and coin sessions close on January 9, the world record should easily rise another million dollars!"
Len Glazer noted that "The strength of the currency market continues to amaze all participants, both buyers and sellers. The high prices seem to have drawn onto the market much material that has been hidden away for decades, and collectors simply cannot get enough fresh material at any price level."
"We are already receiving consignments for our May 2007 C.S.N.S. auction in St. Louis," concluded Allen Mincho, "so we can promise another exciting auction. We will be accepting consignments through March 15, and we invite anyone wishing to learn more about auction opportunities to contact us at 800-872-6467 ext. 555."
Heritage's January 2007 F.U.N. U.S. Currency highlights:
Lot 14543: Fr. 185a $500 1874 Legal Tender PMG Very Fine 25.
Realized: $517,500
Lot 15596: Uncut Pair on The First NB of Key West, FL, Ch. #4672 $10-$20 1882 Brown Back Fr. 485/499
Realized: $195,500
Lot 15234: Cut Sheet of Four Fr. 1072a $100 1914 Red Seal Federal Reserve Notes CGA Gem Uncirculated 68; 68; 67; 67
Realized: $155,250
Lot 14546: Fr. 212 $50 1864 Interest Bearing Note PMG Very Fine 30 EPQ
Realized: $138,000
Lot 13995: Fr. 2221-H $5000 1934 Federal Reserve Note. PMG Choice Unc. 64 EPQ
Realized: $126,500
Lot 15543: Fr. 380 The First NB of Denver, CO $1 Original, Ch. # 1016, #1 note
Realized: $126,500
Lot 15293: Fr. 1177 $20 1882 Gold Certificate PMG Gem Uncirculated 66 EPQ
Realized: $126,500
Lot 15303: Fr. 1180 $20 1905 Gold Certificate PMG Gem Uncirculated 66 EPQ
Realized: $89,125
Lot 15424: The Merchants NB of Little Rock, AR, $20 Original Fr. 427, Ch. # 1648
Realized: $80,500
Lot 14534: Fr. 154 $50 1878 Legal Tender PMG About Uncirculated 55
Realized: $69,000
Lot 12549: CSA T2 $500 1861, BT2
Realized: $57,500
Lot 14731: Fr. 262 $5 1886 Silver Certificate PMG Superb Gem Unc 67
Realized: $54,625
Images, descriptions, and prices realized from all of Heritage's previous auctions are available in the Permanent Auction Archives at the Heritage website, HA.com.
To reserve a copy of the catalog for any upcoming Heritage auction, please contact Nicole Jewell, c/o Heritage Auction Galleries, 3500 Maple Avenue, 17th Floor, Dallas, TX 75219, or call 1-800-872-6467, ext. 272.