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The Ancient Coin Collectors Guild has become a driving force in the ongoing effort to protect coin collectors and museums in which coins are stored from being forced to give up these items to foreign governments under the premise the coins are the cultural patrimony of the claimant nation. — Richard Giedroyc, World Coin News April 26, 2010

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2008 Benefit Auction Successful

The ACCG Benefit Auction nets $45,811 in active bidding.

August 18, 2008

The ancient coin collecting fraternity supported its primary advocacy group with an impressive $45,811 in the Benefit Auction that closed today on VAuctions.com. The total topped a pre-auction estimate of $44,775. Coins and other items donated by collectors and dealers across the country and even from friends outside of the USA were sometimes fought over furiously by fellow collectors.


The sale consisted of 208 lots, primarily of ancient coins from many cultures, but also including related books and antiquities. A total of 1,481 bids were registered during the auction, with typical auction results—some lots saw very strong competition and others, often surprisingly, were available at bargain prices. Greek silver coins drew collector interest as often is the case. Among the highlights, a silver didrachm from Akragas (lot #9)brought $630 against a pre-auction estimate of $300 while a silver shekel from Byblos in Phoenicia (Lot 50) estimated at $750 brought $1050. One of the most actively bid coins was a bronze coin from Palmyra struck during the 1st century BC. Twenty-three bids pushed the hammer price to $751, nearly four times the estimate. Coins of Roman Egypt, mainly from the James Theselius Collection, were popular and drew spirited bids. A tetradrachm of Tranquillina sold for $301 at double the estimate. The rare bronze of Libius Severus drew 30 bids and a hammer price of $855. Some obvious bargains included a lovely stater of the Danubian Celts that was conservatively estimated at $750 and slipped under the radar at $400. A rare tetradrachm from Gela, estimated at $1500 and previously sold at $2000, was snapped up by a lucky (or astute) bidder for $901. Several VCoins gift cards auctioned in the sale actually brought more than face value, demonstrating solid support for the benefit theme.

Overall, this auction was very well supported by donors and bidders, several of whom expressed a hope that the sale would become an annual event. The ACCG Board of Directors wishes to sincerely thank all who participated in the sale as donors or bidders and especially those who helped to organize, promote and conduct the sale.

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