NGC certified 42 of 50 highest-grossing coins at recent NYINC Sale

In what’s being described as an “extraordinary showing,” Numismatic Guaranty Corporation (NGC) certified 42 of the 50 highest-grossing coins at Heritage Auctions‘ recent New York International Numismatic Convention (NYINC) sale.

“The extraordinary showing, which represents a diverse group of countries and eras, reaffirms NGC’s position as the most trusted grading service for world coins,” reads a statement issued by NGC after the NYINC World Coins Signature Auction.

What’s more, NGC-certified coins accounted for nearly 84 per cent of the sale’s total prices realized of about $15.6 million USD (about $20.7 million Cdn.).

“NGC provides a tremendous service for collectors of all kinds with their certification of nearly all world and ancient coins,” said Cristiano Bierrenbach, executive vice president of International Numismatics at Heritage Auctions. “The NGC guarantee and opinion on grade, together with our catalog descriptions and photography, makes our worldwide clientele much more comfortable when bidding on our lots, which in turn helps us achieve our main objective: the highest possible prices for our consignors.”

The sale’s results were led by two coins from an NGC-certified Japan Meiji 13 (1880) proof set, a small number of which were prepared by Japan for presentation to foreign heads of state and other dignitaries.

The Proof gold 20 yen from the set, graded NGC PF-64 Cameo, topped the sale at $305,500 USD. It was closely followed by the Proof gold 10 yen, also graded NGC PF-64 Cameo, which realized $270,250 USD. In total, the 11 NGC-certified original Proof coins from the set achieved an impressive $1.3 million USD.

This ‘excessively rare and meticulously detailed’ Austria-Salzburg gold 25 ducat realized $223,250 USD. It was graded NGC MS-61.

Other noteworthy results from the sale included the $223,250 USD paid for an “excessively rare and meticulously detailed” Austria-Salzburg gold 25 ducat, struck in 1709 to honour the selection of Franz Anton as Archbishop. It was graded NGC MS-61.

That coin was closely followed by an England 1700 gold five guineas in NGC MS 63. Possibly the finest known example of this issue, it sold for $211,500 USD.

D. MOORE COLLECTION

Many of the other most notable results came from the D. Moore Collection, an assemblage of more than 500 NGC-certified coins sharing a common theme: an exceptional state of preservation. The top D. Moore result was realized by a rare Russia 1755 gold pattern five roubles graded NGC PF-64 Cameo (along with NGC’s star designation given to coins with exceptional eye-appeal). Bidding stopped at $211,500 USD.

Another significant piece from the D. Moore Collection was the Great Britain 1893 gold five pounds in NGC PF 67 Ultra Cameo (also with the star designation) that realized $152,750 USD. One of only 773 examples struck, this Superb Gem is the highest graded by NGC by a full two points.

The NGC-certified Cuba 1915 Gold Proof Set from the D. Moore Collection is also notable. Previously part of the famed Eliasberg Collection and considered to be one of the most important items in Cuban numismatics, this set sold for $199,750 USD.

This 1755 gold pattern five roubles, graded NGC PF-64 Cameo (along with NGC’s star designation given to coins with exceptional eye-appeal), realized $211,500 USD.

The six-figure results for NGC-certified coins were rounded out by an attractive England 1691 Gold 5 Guinea of William and Mary. Graded NGC MS 63, it closed at $105,750.

Although it just missed the $100,000 USD mark, an NGC Ancients-graded Lydian gold stater, an example of one of the world’s first gold coins, is worthy of mention because of the price it realized after NGC certification. In May 2015, this exact coin sold at auction prior to NGC grading for $23,452 USD. Less than two years later, the coin—now graded Gem MS, 5/5 Strike, 5/5 Surface by NGC Ancients—sold for $88,125 USD.

“NGC’s top-notch team of world and ancient coin graders and consultants, coupled with its significant international presence, has enabled it to build upon its longstanding leadership position for world coin grading,” said Mark Salzberg, NGC chairman. “We feel very privileged to be able to see so many phenomenal rarities such as the ones featured in Heritage Auctions’ NYINC sale.”

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