SANTA ANA, CA. (August 18, 2016) — Stack’s Bowers Galleries is pleased to announce the results of their August 2016 ANA World Paper Money Sale. This sale produced pleasing results, with many lots fetching above their high estimate. This sale solidified the notion that many areas of the World Paper Money market are continuing to grow! All in all, the entire Stack’s Bowers Galleries Official ANA World’s Fair of Money auction realized over $21 million. (All prices realized include the standard buyer’s premium.)
Like many previous ANA convention sales, some lots sold above estimate, garnering prices that are sure to please consignors. Those involved in expanding the Stack’s Bowers audience deserve the credit for such a consistent streak of successful auctions.
It only took a few lots into the sale for the highlight piece, a six-figure lot, to cross the podium. An impressive book of South American Specimens sold for nearly three times the high estimate at a staggering $141,000. While many people were skeptical of the strength of South American Specimens, the results from that lot are undeniable.
There were many notes offered that have not previously been available at auction, including the 1 Dollar 1865 Port Hope banknote from the Royal Canadian Bank that realized $12,925 as Lot 30103. Right after that, in Lot 30104, a $2 St. John’s Newfoundland PMG 65 EPQ fetched an impressive $14,100, not surprising considering the note was well above the usual state of preservation.
Notes from India also brought strong results. Pick 57s, a 10 Rupees specimen from the Reserve Bank of India (Lot 30259) brought $5,405, well above high estimate and double the mid-range estimate. Two lots later, the stunning Princely States Artist Essay sold for $9,400. Qatar items rivaled the results India brought with the 1 Riyal Remainder in Lot 30383, and the 1 Riyal Progressive Proof in Lot 30384 each bringing $5,875. The highlight of the Qatar section was the possibly unique Test Note in Lot 30385 that brought $7,637.
Overall, for both bidders and consignors, the Stack’s Bowers Galleries World Paper Money auction at the ANA World’s Fair of Money was a success. For those considering consignment to a future Stack’s Bowers sale, the firm is currently accepting consignments for the January 2017 New York International Numismatic Convention sale. Consignment specialists can be reached at 949-253-0916 or via email at [email protected].
About Stack’s Bowers Galleries
Stack’s Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company’s 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.
Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Santa Ana, California, with offices in New York, Wolfeboro, Hong Kong, and Paris. Stack’s Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Professional Numismatists Guild New York Invitational, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April, August and December Hong Kong Auctions.