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Heritage Auctions Realizes $8.7 Million in Dallas U.S. Coin Auction



October 29, 2009 by · Leave a Comment 

1879 Flowing Hair stella leads the way with $161,000; strong prices signal optimism in the market

DALLAS, TX — With a sell-through rate of 90% by lot and 88% by dollar value, and almost 3300 bidders, Heritage Auctions’ Oct. 23-24 Dallas Signature® U.S. Coin Auction soared to $8.7 million total. All prices include a 15% Buyer’s Premium.

1879 Flowing Hair stella struck in gold, Judd-1635, Pollock-1833, PR65 NGC
This stunning 1879 Flowing Hair stella struck in gold, Judd-1635, Pollock-1833, PR65 NGC was the top lot of the Heritage Auctions event, with a realized price of $161,000.

The impressive tally is a good sign for the coin market and provides strong momentum as the numismatic world prepares for the January FUN auctions, long a solid indicator of the overall strength of the business and a benchmark by which to judge the coming year.

 

"We saw some very strong prices in some unexpected areas," said Greg Rohan, President of Heritage Auctions. "The rare coin market seems to be almost fully recovered in many areas, and perhaps even headed for record price levels next year."

 

A stunning 1879 Flowing Hair stella struck in gold, Judd-1635, Pollock-1833, PR65 NGC was the top lot of the Heritage Auctions event, with a price realized of $161,000 for this international trade coinage pattern, which bears a Flowing Hair portrait of Liberty by Charles Barber. Demand for the issue is far greater than the supply; only a few hundred of the gold 1879 Flowing Hair stellas were minted and distributed, mainly to interested members of Congress.

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