Yesterday we completed
our Official Auction of the New York International Numismatic Convention.
Highlighted by the Eldorado Collection of Colombian and Ecuadorian Coins and
Colombian Paper Money, as well as many other fantastic collections and
individual rarities, the sale achieved prices realized of $9.8 million.
This total represents a 75% increase from our 2017 auction, making it our
largest NYINC sale in at least the past decade.
I’d like to personally
thank each of our bidders and consignors for participating in the auction.
If you have any interest
in consigning a single item, some duplicates or your entire collection, we are
accepting consignments to our upcoming Spring Baltimore Auction through January
26th and our Hong Kong Showcase Auction through January 29th.
Each year in early
January, the FUN Show and NYINC set the tone for the New Year and provide great
insight into both the US and World coin and paper money markets. After
attending each show, I am very enthusiastic about the prospects for the coin
market in 2018.
Each show was vibrant and
energetic and attracted high attendance for both dealers and collectors.
In fact, it has been a number of years since I have seen shows as dynamic and
active as this year’s FUN and NYINC.
Better material – high
quality, rare, fresh, and/or CAC – continues to be in the highest demand and is
bringing VERY STRONG prices. The market for generic, common, and
mid-quality material continues to weaken. Throughout 2018 (and especially
at the first sign of weakening of the equity market), I expect profits from
this tremendous bull market to be invested into better numismatic material,
further driving rare coin and paper money prices.
All the best,