2017-08-23 Wed

Nine NGC-certified Japanese Proof coins from the 1870s sold for a total of $793,125 at Heritage Auctions’ recent Platinum Night sale that took place between 1st and 5th August in Denver. These very first modern coins of Japan were sold for $225,000 in 2016. After they were graded by NGC, their value tripled.

The top three bids among them were: A Meiji Year 3 (1870) Gold 20 Yen graded NGC PF 66 Cameo that was sold for $470,000; a Meiji Year 4 (1871) Gold 10 Yen graded NGC PF 66 Cameo which sold for $94,000 and a Meiji Year 4 (1871) Gold 5 Yen graded NGC PF 67 Cameo that sold for $58,750.

A 1826 Great Britain Gold 5 Pounds, graded NGC PF 64 Ultra Cameo sold for a record breaking $305,500. It is three times the highest price paid for an upgraded example. A 1701 Great Britain "Fine Work" Gold 5 Guineas graded NGC MS 64 sold for $188,000, over double the previous record for this variety. The coin depicts a portrait of King William III engraved under Isaac Newton, the then Master of the Royal Mint.

A Livonian Gold Double Gulden Riga Mint coin (1547-1561) graded NGC MS 62 sold for $64,625. The rare coin depicts the last king of Livonia, Duke Gotthard Kettler.

Ancient coins like a Gold Stater of King Croesus of Lydia, graded NGC MS Star with 5/5 strike and 5/5 surface sold for $129,250. The same coin was sold five months back, ungraded for $38,757. This proves the fact that graded coins from third party coin grading companies have a much impressive market value than ungraded ones.