Superior's Santa Clara Auction Results Up 128% Over Last Year.Business Editors 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.--(BUSINESS WIRE)--April 5, 2004 Superior Galleries, Inc. (Pink Sheets:SPGR) announced today that prices realized from its Santa Clara Elite rare coin auction, held on April 2nd and 3rd, exceeded $2.176 million. This represents an increase of 128% over Superior's April 2003 Santa Clara auction that realized just over $953,000. Superior is the official auctioneer of the Santa Clara Coin Show. Among the highlights of the auction was a 1909-S VDB (Visual dBASE) See dBASE. PCGS PCGS Professional Coin Grading Service PCGS Placer County Genealogical Society (California) MS65 RED that sold for $15,525 and is one of America's most highly collected coins. The price realized for this coin is more than triple the current wholesale price of $4,400. An 1894 gold proof set consisting of a $2 1/2, $5, $10 and $20 in NGC NGC New General Catalogue (of Nebulae and Star Clusters; astronomy) NGC National Geographic Channel (TV) NGC National Guideline Clearinghouse PF65 to 66 condition realized a spectacular price of $201,250 versus a pre-auction estimate of $100,000. An 1855 Wass, Molitor & Co. $50 Gold Coin in NGC MS60 that is a famous example of a California Gold Rush  The California Gold Rush 1848–1855) began on January 24, 1848, when gold was discovered at Sutter's Mill. coinage and is usually in very worn condition realized $97,750. A new world record at auction was set for an 1879 $4 Flowing Hair "Stella" that garnered an astronomical price realized of $333,500. This very popular, but little known coin to the non-collector community vastly exceeded a recently published wholesale price of $200,000. A magnificently toned 1926 Oregon Trail Commemorative Half Dollar coin realized an extraordinary $69,000 in competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. . This unusual specimen was the star attraction of the session held on Saturday, April 3, 2004. 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. Past sales performance may not be indicative of future results. No assurance is given that sales trends or our sales performance on behalf of consignors or customers will continue. |
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