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Stack's Bowers and Ponterio Hong Kong Auction Surpasses $30 Million Mark for Second Consecutive Time
By Stack's Bowers Galleries
Author: Stack's Bowers Galleries
Wednesday, October 13, 2021
Costa Mesa, CA (October 13, 2021) -- After 13 separate sessions comprising world and ancient coins along with world paper money, the Stack's Bowers and Ponterio September Hong Kong Auction realized in excess of $33 million, double the published high estimate, proving that Stack's Bowers' market prices generate excellent results for their consignors and customers. The sale presented over 8,000 lots, ensuring that collectors across the numismatic spectrum had plenty of options. Over 96.5% of all lots offered found their way into new collections.
Among the world coins, a pair of Republic of China Year 10 (1921) "Pavilion" Dollars struck in Gold as presentation pieces, one with a legend and one without, sold for $600,000 and $720,000 respectively. A popular Year 28 (1949) "Bamboo" Dollar in EF-45 reached $660,000.
Several prices realized stand out among European coins, including an Austrian 1908 100 Corona Proof that soared past its estimate to close at $16,200. A 1930-B British Trade Dollar certified as MS-66 more than doubled its pre-auction estimate to reach $13,200, and an ever in demand British 1937 5 Pound Coronation Proof brought $21,600.
The upward trajectory of the South East Asian market continues with strong prices reflected in the Philippines section. A countermarked Mexican Real applied in the Philippines between 1834 and 1837 outpaced its low estimate by a factor of 10, selling for $50,400. A stunning French Indo-China proof set from 1900 and a 50 Cent issue from the Straits Settlements with the rare incuse B mint mark both shattered their estimates bringing $43,200 and $14,400 respectively.
Realizing over $2 million of the final sale total, the world paper money was highlighted by a People's Republic of China 100 Yuan note graded Gem Uncirculated 65 EPQ from the Hobart Collection that shattered its $10,000-$15,000 estimate selling for $44,400. The strong Asian market was evidenced by a 1945 Japanese Specimen 1000 Yen banknote certified About Uncirculated 55 by PMG that reached $7,800, more than four times its high estimate of $1,750.
With this exceptionally successful sale completed, the focus of Stack's Bowers Galleries turns to the inaugural Hong Kong Asian Coins and Paper Money Collectors Choice Auction set for December 1-3, 2021. In addition, Stack's Bowers and Ponterio is now accepting consignments for their April 2022 Hong Kong Auction. Anyone interested in consigning world coins and paper money to Stack's Bowers Galleries' April 2022 Hong Kong Auction or one of the firm's Collectors Choice Online Auctions is encouraged to call 800-458-4646, email [email protected], or visit https://www.stacksbowers.com/Pages/Home.aspx.
Additional Important September 2021 Hong Kong Prices Realized Include:
CHINA. Shensi. Silver 3 Mace 6 Candareens (50 Cents) Pattern, ND (1898). Heaton Mint. PCGS SPECIMEN-63 – Realized: $600,000
CHINA. Silver Tael Pattern Restrike, CD (1906). Tientsin Mint. PCGS SPECIMEN-63+ - Realized: $504,000
CHINA. Silver Dollar Pattern, Year 3 (1914). Tientsin Mint. PCGS SPECIMEN-62 – Realized: $492,000
CHINA. Kiangnan. 7 Mace 2 Candareens (Dollar), CD (1905). PCGS MS-65 – Realized: $480,000
CHINA. Gold Presentation Dollar, ND (1923). Tientsin Mint. PCGS SPECIMEN-64 – Realized: $456,000
CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 1000 Yuan, 1948. P-810a2. PMG About Uncirculated 55 – Realized $31,200
CHINA--EMPIRE. Ta Ching Government Bank. 5 Dollars, 1909. P-A77s. Specimen. PMG Superb Gem Uncirculated 67 EPQ – Realized: $28,800
HONG KONG. Government of Hong Kong. 1 Dollar on 1000 Yen, ND (1945). P-318. Unissued. PMG Choice Uncirculated 63 – Realized $16,800
PORTUGUESE INDIA. Banco Nacional Ultramarino. 1 Rupia, 1924 (ND 1929). P-23A. PMG Choice About Uncirculated 58 EPQ – Realized: $10,800
MACAU. Banco Nacional Ultramarino. 500 Patacas, 1945. P-34s. Specimen. PMG Uncirculated 62 – Realized: $10,200
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 85-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 Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, and The Thos. H. Law Collection.
The company is headquartered in Costa Mesa, 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 Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.