LONDON – Almost 350 lots of coins were sold in three different auction sessions conducted by Noonans on Thursday, October 13. All three sessions were 100% sold, totaling a collective hammer price of £385,745.
The first sale of the day was The Herman Selig Collection (Part IV: Final): Coins of Japan which realized £85,235 and comprised 57 lots. The pieces in the sale were principally acquired in the early 1980s and represented a cross-section of denominations from different eras. The highest price was achieved by a gold Oban (1838-60) from the Tempo era that sold for £26,000 and was bought by a private collector. It had previously been in the collection formed by Baltimore banker Thomas Harrison Garrett (1848-88) and his eldest son, the diplomat John Work Garrett II (1872-1942).
While from the Manen era, another gold Oban (1860-62) earned £14,000 against an estimate of £6,000-£8,000 and was bought by a member of the UK trade. From the Tempo era, a scarce gold Goryoban (1837-43) realized £9,000 against an estimate of £4,000-£5,000.
The second sale, dubbed Coins from the Royal Berkshire Collection, saw 50 lots of Anglo-Saxon and Norman coins sell for £122,680. A penny from the reign of Alfred the Great (871-99) that had been part of the Hazeldine and Ryan collections sold for £20,000 to a private collector against an estimate of £6,000-£8,000. Also of note was a London monogram-type halfpenny from the reign of Eadgar (959-975) that realized £7,500 against an estimate of £2,400-£3,000. It, too, sold to a private collector.
After the sale, Head of Coin Department at Noonans Tim Wilkes commented: “For the Selig and Royal Berkshire sales, the high prices were mainly due to these coins being ‘fresh’ to the market after being in collections for a very long time.”
The final sale was a mixed owner Ancient Coins sale comprising 242 lots. The highest prices were achieved by a collection of Roman aureii, the property of a gentleman that sold for £85,000. Three coins sold for £15,000 each: from the reign of Galba, the 6th Roman Emperor and dating from A.D. 68, was an extremely rare example that was bought by a private collector; while from the reign of Julius Caesar, dating from A.D. 46, an extremely fine example was bought by a European dealer; and from the reign of Nero and Agrippina II, dating from A.D. 55, a coin that had a rare reverse depicting the funeral of Claudius was bought by a private collector.
Tim Wilkes noted: “The Roman gold coins did well and this was because the market for Roman gold has gone up significantly in the past year or two.”
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The current rate of exchange is £1 = $1.14.
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