Printer Friendly
The Free Library
14,506,614 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Superior Announces Results from Recent Auctions.


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) today announced results of auctions held in recent weeks.

Pre-Long Beach Elite Auction

Prices realized for the Pre-Long Beach Elite Auction, held September 5 to 7, 2004, exceeded $3.9 million.

Highlights from this event included the following:

High honors for the sale go to an 1879 Flowing Hair $4 "Stella," which reached $120,750. This coin is graded Proof 64 by Professional Coin Grading Service The Professional Coin Grading Service (PCGS) is a third-party appraisal service for grading rare coins. It determines the condition and authenticity of each coin it grades to provide consumers with an independent knowledgeable rating on which to judge the coin. . The strong price achieved confirmed the strength of the market for this very popular design. Numerous examples in numerous grades have reached the market in the past year, and the coin continues to find newer and stronger demand each time one is offered.

The third finest known example of a variety of 1798 Large Cent Large cent can refer to:
  • the United States one-cent coin minted until 1857; see Large cent (United States coin).
  • the Canadian one-cent coin minted until 1920.
, cataloged as Sheldon 155 and graded About Uncirculated un·cir·cu·lat·ed  
adj.
Not circulated or in circulation; not moving around or flowing freely: uncirculated coins; uncirculated air. 
 55, realized $25,300. Copper coins brought in advance of published retail values in many instances.

Another area of strong demand was 20th Century Proof Gold. A 1913 Indian Head $2.50 Quarter Eagle, graded Proof 65, soared to $32,200.

One of the cornerstones of the rare coin market, the Saint-Gaudens $20 Double Eagle, was well supported at the Superior Galleries sale. A PCGS PCGS Professional Coin Grading Service
PCGS Placer County Genealogical Society (California) 
 MS-62 example of the 1921 minting, a recognized rarity in the series, garnered $90,275.

World coins were also very well represented and supported at the sale. A very rare 1888 2.5 Pesos struck at the Alamos The name Álamos can refer to the following:
  • Álamos, Guanajuato
  • Álamos, Sonora
  • Alamos, the band
  • The plural form of The Alamo
 mint, the only such date struck there, brought $19,550. The coin is graded MS-62 by Numismatic Guaranty Corporation The Numismatic Guaranty Corporation (or NGC) is a provider of third-party coin grading services to numismatists. The company was founded in 1987 and is headquartered in Sarasota, Florida. It is the official grading service of the American Numismatic Association.  of America.

Elite Auction and A.N.A. in Pittsburgh

Prices realized from Superior Galleries' Elite rare coin auction, held on August 16, 2004, in Pittsburgh, PA, exceeded $4.5 million. Additionally, Superior recorded sales of $1.9 million from regular inventory during the American Numismatic Association The American Numismatic Association was founded by Dr. George F. Heath in 1891. The ANA was formed to advance the knowledge of numismatics (the study of money) along educational, historical and scientific lines, as well as enhance interest in the hobby.  convention in Pittsburgh.

Among the top lots were:
1802/1   $2.50    Gold      MS64     NGC     Price realized:  $103,500
1879     $4       Gold      PF66     PCGS    Price realized:  $224,250
1879     $4       Gold      PF65     PCGS    Price realized:  $184,000
1796     $5       Gold      MS62     PCGS    Price realized:  $100,625
1797/5   $5       Gold      MS61     PCGS    Price realized:  $149,500
1796     $10      Gold      MS61     PCGS    Price realized:  $115,000


Beside the blockbuster items cited above, the following is just a small sample of items sold far in excess of the published wholesale price.
Price     Wholesale
                                           Realized  Published Price

1885      3 cents          MS66            $23,000   $3,000
1908      5 cents          PF67            $6,325    $2,400
1805      Half 10 cents    AU5             $37,375   $8,000 to $17,000
1942      10 cents         PF65            $3,105    $215
1892-S    $1               AU58 PCGS       $21,275   $5,000
1922-S    $1               MS66 PCGS       $19,550   $10,000


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 of rare coins and other fine collectibles. The firm markets its products through its prestigious location in Beverly Hills, California, the company's web site at www.sgbh.com, and through numerous auction events held throughout the country.

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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 10, 2004
Words:531
Previous Article:Liberty Completes Worldwide Distribution Deal for ``Jerry Naylor Tribute To My Friends - The Rockabilly Legends''.
Next Article:Bruker BioSciences Announces Major Productivity Initiative; Provides Outline of Reorganization and Cost-Cutting Program.



Related Articles
Douglas Elliman completes first FDIC auction in NY. (Federal Deposit Insurance Corp.) (Brief Article)
160 units sell at auction at CrossLand cooperative. (apartment cooperative in Queens, New York, New York owned by subsidiary of CrossLand Federal...
Pricey Pennies.(Brief Article)
Task force criticizes auctions in class action cases.
MARKETS LOOKING AT LINKING UP; AMEX, NASDAQ EYE CHALLENGE TO NYSE.(Business)
Superior Livestock Auction Inc., Brush, Colo., announces the merger of their Internet division with Stampede Cattle Company, Visalia, Calif....
Auctioneer to bring superior's focus back on coin sales.(Brief Article)
Auction to sell off safe deposit items.
BRIEFCASE.(Business)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles