Ponterio & Associates, Irvine / California

12. March 2010

Auction

Auction Sale realizes $1.5 million in Baltimore

Ponterio & Associates, America's premier auction house for foreign coins and paper money, realized more than $1.5 million as part of the Official Auction of the March 2010 Whitman Coin & Collectibles Baltimore Expo. The three-session sale netted nearly $500,000 in foreign paper money sales with ancient and foreign gold, silver and minor coins accounting for more than $1 million in additional prices realized.

"Capitalizing on our firm's long-standing relationship with the Whitman Baltimore Expo," stated Rick Ponterio, executive vice president of Bowers and Merena, "we were able to conduct a highly successful auction in conjunction with the March expo. Two coins in particular stand out as commanding strong prices from the winning bidders. The first is lot 7684, a Russia 1882 CNB-HO 3 Rubles (Fr-166, Y-29) certified MS-62 by NGC that traded hands for $41,300, well over the $7,000 catalog estimate. Equally impressive is the sum of $32,450 paid for lot 7002, an extremely rare, low-mintage Greece 1876-A 50 Drachmai (Fr-14, KM-50, Geo-135) in NGC AU-58."

According to Bowers and Merena director of currency auctions Matthew Quinn, "Our foreign paper money offerings in Ponterio & Associates' March Baltimore Auction resulted in strong bidder competition and several noteworthy prices realized. Chief among these was obtained by lot 6389, a seldom-seen Iranian 20 Tomans dated 26.3.1922 and attributed as P-15 that brought $12,980. We graded the note Fine-Very Fine in our catalog."

Additional highlights in the Ponterio & Associates March 2010 Baltimore Auction include:

  •  Lot 6152, China--Republic, 1 Yuan, 1939, P-81A, Choice Very Fine, realized $5,428
  •  Lot 6172, China--Foreign Banks, Chartered Bank of India, Australia & China, $10, 1.9.1922, P-S185A, Choice About Uncirculated, realized $5,015
  •  Lot 6179, China--Foreign Banks, Banque Industrielle De Chine, $500, ND (1914), P-S397C, Choice Uncirculated, realized $3,835
  •  Lot 6202, China, Remnants of a Rare Chinese Currency Wall Plaque, Very Good, realized $5,900
  •  Lot 6361, India, 50 Rupees, ND (1930), P-9c, Fine, realized $8,260
  •  Lot 6387, Iran, 5 Tomans, 1.6.1925, P-13,Very Fine, realized $5,015
  •  Lot 6388, Iran, 10 Tomans, 1.11.1929, P-14, Fine-Very Fine, realized $7,080
  •  Lot 6696, Portugal, 1,000 Escudos, 27.4.1922, P-131s, Choice About Uncirculated, realized $8,850
  •  Lot 7127, Mexico, 2 Escudos, (1)700-L, Fr-4, KM-52, Cal-type-27 (unlisted date), Extremely Fine, realized $12,980
  • Lot 7293, Mexico, Carlos and Johanna, Early Series, 2 Reales, ND (1536), Assayer R, Gothic Assayer's Letter, KM-10, Nesmith-4 (unlisted dies), Very Fine, realized $6,490
  •  Lot 7416, Mexico, War of Independence, Painted Enamel Framed in Gilt Bronze medal for Valor at the Battle of Peruara, January 1814, Extremely Fine, realized $6,785
  •  Lot 7535, Colombia, 2 Escudos, 1626-E, (II-NRE), Santa Fe Mint, Fr-2 (unlisted date), KM-4.1 (unlisted date), Cal-type-34 (unlisted date), Extremely Fine, realized $5,900
  •  Lot 7589, Great Britain, Angle, ND (1582/3), Fr-218, S-2531, EF-45 (NGC), realized $5,015
  •  Lot 7735, Switzerland, 100 Francs, 1925-B, Fr-502, KM-39, MS-64 (PCGS), realized $8,850
  •  Lot 8227, China, Pattern Dollar, 1907, Tientsin Mint, L&M-20, Kann-22, MS-62 (NGC), realized $7,375
  •  Lot 8299, Denmark, 2 Speciedaler, ND (1669)-GK, Sieg-98, H-81, Dav-3564, KM-311, AU-55 (NGC), realized $10,030
  •  Lot 8608, Italy, 2 Lire, 1903, KM-33, Almost Uncirculated, realized $12,980
  •  Lot 8676, Norway, Speciedaler, 1658-FG, Hede-26, KM-A42, Very Fine+, realized $12,980


For a complete list of prices realized for the March 2010 Baltimore Auction, visit the Bowers and Merena website at www.bowersandmerena.com or call the firm toll free of 800.458.8646.

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