Global gold coins soar at Paramount collection auction
The current surge in interest in first-level coins is not seen exclusively in American coins. The good results of The Paramount Collection’s March 25-27 auction of world and antique coins showed that collectors are also turning to world coins – especially gold examples – as storehouses of value. . When two major American gold coins from the collection offered by Heritage in February are added, the collection total rises to $ 48,476,663.
The March auction event featured 729 pieces.
Heritage reported worldwide participation, with over 2,000 bidders from 28 different countries competing for what Heritage has called “the world’s most valuable coin auction and antiquity held in the World. world”.
The depth of the auction was particularly noteworthy, with 132 lots exceeding the six-figure mark, led by a £ 5 Edward VIII gold model from 1937 rated Proof 67 Ultra Cameo by Numismatic Guaranty Corp. NGC classified each of the pieces, and the Paramount collection was noted on the pedigree label. It was the largest denomination produced in Edward’s name, although his decision to abdicate the throne to marry Wallis Simpson limited production, and today only two remain in private hands. Heritage put the lot on the cover of the sumptuous catalog and called it “the absolute paragon of British numismatics, and the undisputed star of the Paramount Collection”.
The 20th century British monarchy has seen renewed interest, with the series The crown sharing its scandals in dramatic form, and the current generation of royals continue to make headlines. The motif – one of the few commemorative British gold coins produced for the planned coronation of Edward VIII – fetched $ 2.28 million. NGC said after the auction that it set records, including “the highest price ever paid for an NGC certified global coin at auction, the highest price ever paid for a global coin sold at an auction Heritage Auctions and the highest price ever paid for a Briton. piece of money.”
Also noteworthy is a magnificent example of an 1839 British Una and a £ 5 Gold Lion Sovereign, rated Proof 63 Ultra Cameo by NGC, which saw the sixth highest prize among British coins in the sale, making $ 456,000. Heritage called William Wyon’s design “arguably the most iconic piece in the entire secular British series”. Examples were produced as part of the Victoria Coronation Proof game, in a recorded mintage of only 400. The type is pictured as number 88 and adorns the cover of Ron Guth’s 2015 book 100 tallest women in coins where he explains: “Lady Una was a character of Edmund Spencer The Faerie Queene, an epic poem from the Elizabethan era.