The Stack’s Bowers Galleries December 2021 Hong Kong Collectors Choice auction grosses over $ 10 million
Numismatic items that were previously reserved for direct sale at major auctions are making the leap at exclusive internet events. The December 2021 Stack’s Bowers Galleries sale in Hong Kong set the record for the largest exclusive online numismatic auction, achieving more than $ 10 million in total sales.
Costa Mesa, California –
As the world moves towards a more digital environment, numismatic items that were previously reserved for live sale at big auctions are crossing the block at exclusive internet events. The December 2021 Stack’s Bowers Galleries sale in Hong Kong set the record for the largest exclusive online numismatic auction, achieving more than $ 10 million in total sales. (All prices include buyer’s charges.)
Leading the way was a Chinese model Silver Tael Restrike rated Specimen-65
which was offered at $ 1,350,000, nearly ten times the company’s previous record online price for a world coin. A total of nine items from December’s Hong Kong auction topped the previous record holder, proving that only online sites can compete with traditional live auctions. A pair of Empire Dollars specimens from 1906 have both been pedigree for a Lester Merkin sale. One was graded MS-64 + and sold for $ 1,260,000 while the other, graded MS-64 fetched $ 960,000. A rare Big Beard commemorative silver motif from the Suchow Mint sold for $ 780,000, well above its estimate of $ 75,000 to $ 125,000. This figure represents the highest price on record for an individual Chinese coin in an NGC holder.
Other areas of Asian numismatics have seen sustained high prices. A Tibetan Srang from CD 1 (1909), the finest example noted by PCGS, brought in $ 44,400. An 1863 2 Baht from Thailand exceeded his estimate by fetching $ 2,400, an unimaginable price for an example released 18 months ago. Similar trends continued with French Indochina, as a Piastre close to Gem 1922-H brought in $ 2,400. A bronze test strike from the First Opium War in 1842 was estimated at $ 19,200, well above the estimate of $ 3,000 to $ 5,000. After years of stagnation, the December 2021 Hong Kong auction confirmed that the upward movement in the Japanese market seen in 2021 was more than a one-time sale phenomenon, as an Ultra-Gem Year 45 Yen s’ is sold for $ 5,760, nearly double the high estimate of $ 3,000.
Among world paper money, the highlight of the sale was lot 50250, a China Empire P-Unlisted 2 Kuan banknote from the Yuan Dynasty (1264-1341) in a PMG Fine 12 Net Restoration grade, which made 60,000 $. Other highlights include a China Empire P-A7b 50,000 Cash from the Ch’ing Dynasty in a PMG Extremely Fine 40 grade that grossed $ 19,200, and a Malaya and British Borneo P-2a, 1953 5 Dollars in a PMG Very Fine 20 EPQ grade which sold for $ 6,600. An uncut pair of People’s Bank of China 100 yuan commemorative banknotes (P-902a) in PMG Superb Gem Uncirculated 69 EPQ grade was offered for $ 5,760. An elusive Mongolian commercial and industrial bank 100 Tugrik 1925 P-13 in a PMG Very Fine 25 grade made $ 5,520. A 1914 P-35s 10 Yuan Republic of China specimen in a PMG Choice Uncirculated 64 EPQ grade fetched $ 12,000. The price of $ 21,600 for lot 50118, a set of ascending serial numbers of (5) Macau P-80a to 84a 2005 (ND 2006) banknotes, with ratings ranging from Gem Uncirculated 66 EPQ to Superb Gem Unc 68 EPQ was also remarkable. A P-815b 10 Yuan from the People’s Republic of China in a PMG Choice Uncirculated 64 EPQ grade brought in $ 5,280, and a China Hupeh Provincial Bank P-S2090 1 Yuan in a PCGS Banknote Very Fine 30 grade sold for $ 8,400 .
Prices from the Hong Kong Collectors Choice December auction totaled over $ 10,000,000 between coins and paper money, well over double the high estimate for all lots of $ 4,380,225. World coins had a sale rate of 97.9% for the more than 1,500 lots offered. The sale closed a record year for Stack’s Bowers Galleries’ Global and Ancient Coins department, pushing final sales numbers above the $ 100 million mark for 2021.
The firm is now focusing its attention on 2022, anticipating a solid performance at the official NYINC auction where many rarities will be offered. Submissions are currently accepted for the April 2022 Hong Kong auctions as well as the Collectors Choice online auction, the next of which is scheduled for February 2022. Anyone interested in sending world coins and paper money to the galleries Stack’s Bowers is encouraged to call 800- 458-4646, email [email protected] or visit StacksBowers.com.
About Stack’s Bowers Galleries
Stack’s Bowers Galleries conducts live, internet, and specialty auctions of rare US and World coins and coins, and antique coins, as well as direct sales through retail and wholesale channels. The company’s 85-year heritage includes cataloging and selling many of the most valuable collections of US coins and currencies to ever cross an auction block – the D. Brent Pogue Collection, the John J. Ford, Jr., 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 – for n ‘ to name a few. Global Coin and Currency Collections include the Pinnacle Collection, Louis E. Eliasberg Collection, Senior Global Gold Coin Collection, Kroisos Collection, Alicia & Sidney Belzberg Collection, 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 the official auctioneer for several major numismatic conventions, including the events of the American Numismatic Association, the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its auctions. April and August in Hong Kong.