LAMBERTVILLE, N.J. – Rago Arts and Auction Center’s Coins and Currency Auction on Aug. 24 brought $319,674 in sales. Of the 459 lots of rare and ancient coins and currency, early American coppers, including a 1838 Matron Head large 1 cent coin, were among the highest performing. Previously undervalued in the market, these early copper coins are gaining interest within the budding young numismatic community. Absentee and Internet live bidding was available through LiveAuctioneers.
While the market for U.S. coins remains solid, interest in up-and-coming markets such as world currency shows substantial growth. The auction’s top lot – a U.S. 1902 Liberty $10 gold proof coin, of a mintage of only 113, which sold for $66,275 – broke both the company record for highest price achieved by a single coin at auction as well as the auction record for this coin in this grade.
“There was a great deal of interest in this sale with some notable results, including record prices for lots such as the 1902 PR67 $10,” noted Chris Wise, director of Rago’s Coins & Currency Department. “World currency was also a big hit with lots of activity. Plus we were happy to see renewed interest from a number of young numismatists, which is very encouraging for the market as a whole.”
Other noteworthy lots included; lot 25, a U.S.1911-D Indian $2.50 gold coin graded NGC MS61, which sold for $6,628; lot 316, an 1865 National Bank of Frederick, Maryland, $1 note, which sold for $5,423; and lot 427, assorted foreign coins and medals, which sold for $4,820.
“This was our largest coin auction and we were thrilled to see such a solid showing from top lots, especially the record-breaking Liberty $10 gold proof coin. The interest from this sale has already generated strong lots for our next coin auction on Nov. 30,” said Tom Rago, Coins & Currency Specialist,