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