Record Smashed at Superior Galleries of Beverly Hills July 22-23rd Santa Clara Elite Auction.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- Superior Galleries, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SPGR) announced today the results of its Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. Elite Rare Coin Auction, held on July 22-23, 2005. Prices realized from this successful auction totaled $4,563,143. A beautifully toned 1887 Philadelphia mint The Philadelphia Mint was created from the need to establish a national identity and the needs of commerce. This led America's founding fathers to make an establishment of a continental national mint a main priority after the ratification of the Constitution. Morgan Dollar
NGC National Geographic Channel (TV) NGC National Guideline Clearinghouse , sold for an astonishing a·ston·ish tr.v. as·ton·ished, as·ton·ish·ing, as·ton·ish·es To fill with sudden wonder or amazement. See Synonyms at surprise. $12,650 during the crowded Morgan Dollar session. Toned coin specialist Larry Shepherd, an active bidder during the Morgan Dollar session, commented "I've never seen anything like it", referring to the record breaking price. Other highlights from The Battle Creek Battle Creek, city (1990 pop. 53,540), Calhoun co., S Mich., at the confluence of the Kalamazoo and Battle Creek rivers; settled 1831, inc. as a city 1859. It is an agricultural trade center known for its cereals. Collection of Morgan Dollars included another Mint State 66 1887 which sold for $8,050, and two 1886 examples, graded Mint State 66 and Mint State 65, each selling for an amazing $6,037. Numerous telephone bidders competed against a large crowd of eager floor bidders, driving prices for coins in The Battle Creek Collection to over five times pre-sale estimates. Vice President of Auctions Paul Song credits Superior Galleries' full color catalog images for much of the success of the Battle Creek coins. Said Song "We photograph every coin in our Elite Auctions, carefully adjusting each image to precisely match the color of the coin. This is a critical factor in achieving top prices realized for eye-appealing coins. This process is more expensive and labor-intensive than black and white scanning, but the results speak for themselves." Proof gold proved to be another exceptionally strong session, anchored by the Pacific Rim Collection of Proof Liberty Double Eagles. The highlight of the proof gold session was lot 425, an extremely rare 1880 Coiled Hair $4 Stella, NGC certified Proof 63, which sold to a collector for $618,125. Nearly 90% of the Pacific Rim Collection sold to new buyers, with active telephone, floor and internet bidding on every lot. Total prices realized including the 15% Buyers Premium were $4,563,143. The top ten individual prices realized for the sale were: Lot 425 - 1880 $4 Coiled Hair Stella NGC Proof 63 $618,125 Lot 556 - 1860 $20 Liberty NGC Proof 64 Cameo $189,750 Lot 1486 - 1901 Philadelphia Morgan Dollar NGC MS65 $95,450 Lot 513 - 1899 $10 Liberty PCGS Proof 67 Deep Cameo $94,300 Lot 713 - 1922-S $20 St. Gaudens PCGS MS66 - $94,300 Lot 647 - 1908 $20 St. Gaudens No Motto NGC Matte Proof 67 $75,900 Lot 594 - 1889 $20 Liberty NGC Proof 64 Ultra Cameo $64,400 Lot 1457 - 1895 Morgan Dollar NGC Proof 65 Cameo $60,375 Lot 590 - 1866 $20 Liberty NGC MS63 Cameo $55,200 Lot 593 - 1888 $20 Liberty Proof 64 Cameo $51,750 For further information about the Santa Clara auction, or to consign consign v. 1) to deliver goods to a merchant to sell on behalf of the party delivering the items, as distinguished from transferring to a retailer at a wholesale price for re-sale. Example: leaving one's auto at a dealer to sell and split the profit. to a future Superior Galleries of Beverly Hills auction, contact Vice President of Auctions Paul Song at 310-203-9855 or email paulsong@sgbh.com. Superior Galleries, Inc. is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , acting as a dealer and auctioneer in rare coins and other fine collectibles. The firm markets its products through its prestigious location in Beverly Hills, California and the company's web site at SGBH.com. Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including express and implied statements concerning future revenues, income and results of operations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward looking statements will prove to have been correct. These forward-looking statements are subject to certain risks and uncertainties, including market and other conditions that may affect our ability to expand our auction and dealer activities and control our operating costs. The company's actual results could differ materially from those anticipated in the forward looking statements as a result of certain factors including sales levels, operating costs, distribution and competition trends, consumer preferences and other market factors. Past sales performance may not be indicative of future results. No assurances are given that sales trends or sales performance on behalf of consignors or customers will continue. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion