Bidding competition at NY INC boosts prices

For many months now world coin rarities, particularly in high grade, have been fetching top prices at auctions in the United States. Those soaring prices have no doubt helped contribute to the presence of further extraordinary rarities at recent sales.

One such beauty made it first ever appearance on the auction block on Jan. 5: a legendary 1897 South Africa Republic gold proof pattern sixpence, KM-4 for type. It was the star of the show at Heritage’s world and ancient coins sale held in conjunction with the New York International Numismatic Convention.

This coin once formed part of the fabled collection of Royle Baldwin, a member of the Baldwin numismatic dynasty. Graded PR-63 Cameo by Numismatic Guaranty Corporation it had no trouble in finding a new home for $329,000.

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=28052

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