NGC-graded Coins Top Sovereign Rarities Auction
Posted on 28/09/2018
Two gold rarities from 17th century England, both certified by Numismatic Guaranty Corporation® (NGC®), had the top prices realized in Sovereign Rarities Auction 1, held on September 25, 2018, in London.
A 1699 England Elephant & Castle Five Guinea, graded NGC MS 62, realized £186,000 (about $245,000 USD), far above its pre-auction estimate of £35,000 to £45,000. The coin’s Elephant and Castle name derives from the small design element below the bust of William III on the obverse that represents the African company that supplied the gold. The coin is the finest example certified by NGC.
|1699 England Elephant & Castle Five Guinea, graded NGC MS 62. Realized: £186,000 (about $245,000 USD)
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Meanwhile, a 1675 Elephant Five Guinea, graded NGC MS 62+, realized £156,000 (about $205,000 USD), far above its pre-auction estimate of £35,000 to £45,000. The coin’s name also derives from the emblem of the African company that supplied the gold; in this case, the emblem is below the bust of Charles II on the obverse. Examples of this coin are rarely offered for sale.
Other highlights from the sale included:
- an 1839 (Victoria) "Una and the Lion" Five Pounds, graded NGC PF 62 Cameo. Realized £144,000 (about $190,000 USD).
- a 1677 (Charles II) Elephant & Castle Five Guinea, graded NGC MS 62+. Realized: £138,000 (about $181,000 USD), far above its pre-auction estimate of £25,000 to £35,000. With the buyer’s premium, the coin .
- a 1711 (Anne) Five Guinea, graded NGC MS 61. Price realized: £108,000 (about $142,000 USD), far above its pre-auction estimate of £25,000 to £35,000.
"These prices demonstrate the value that NGC's expert services bring to the marketplace," said Ian Goldbart, Managing Director of Sovereign Rarities Ltd. "Our buyers have a great deal of confidence in rare coins that are authenticated, graded and encapsulated by NGC."
“We are honored that collectors and dealers have trusted NGC to certify some of the most significant coins from England," said Mark Salzberg, NGC chairman. "The outstanding results from this auction show that trust is well-placed."
For more information about Sovereign Rarities Ltd., visit www.sovr.co.uk.
Prices realized include 20% Buyer's Premium but do not include VAT, if applicable.