Heritage Auctions recently held two exciting auctions in Hong Kong that brought in more than $10.6 million. The events featured rare coins and money auctions, showcasing exceptional pieces that captivated collectors. Some items sold for surprising prices, making these auctions particularly noteworthy. Let’s take a closer look at what made these auctions so special!
Key Highlights of the Auctions
Between June 19 and 21, 2024, the HKINF World & Ancient Coins Platinum Session raised about $8,398,056. Meanwhile, the World Paper Money Signature Auction from June 18 to 21 added $2,231,089. Together, these events reached an impressive total of $10,629,145.
Top-Selling Coins
Two remarkable gold coins from China were the stars of the auction, selling for $816,000 each. These were:
- People’s Republic gold Proof “Compass” 2000 Yuan (1 Kilo) 1992 PR69 Ultra Cameo NGC
- People’s Republic gold Proof “Seismography” 2000 Yuan (1 Kilo) 1992 PR68 Ultra Cameo NGC
Both coins celebrate significant scientific inventions from ancient China and are part of a limited series, with only 10 pieces made.
Other Notable Sales
Another standout coin was the People’s Republic gold Proof “Guanyin Bodhisattva” 1500 Yuan 1993 PR69 Ultra Cameo NGC, which sold for $432,000. This coin is very rare, with only 30 made, and it had not been auctioned for over 20 years.
Another exciting sale was the Republic Tsao Kun gold Dollar ND (1923) MS62 NGC, which sold for $192,000. This coin features a military figure from Chinese history and was sold for the first time in almost 10 years.
Table of Notable Auction Sales
| Item Description | Sale Price |
|---|---|
| People’s Republic gold Proof “Compass” 2000 Yuan | $816,000 |
| People’s Republic gold Proof “Seismography” 2000 Yuan | $816,000 |
| People’s Republic gold Proof “Guanyin Bodhisattva” 1500 Yuan | $432,000 |
| Republic Tsao Kun gold Dollar ND (1923) | $192,000 |
| China Hupeh Government Mint 1 Dollar (1899) | $50,400 |
| China People’s Bank of China 500 Yuan (1949) | $38,400 |
Paper Money Auctions
The World Paper Money auction also had some exciting sales. The top item was a China Hupeh Government Mint 1 Dollar (1899), which sold for $50,400. This note is rare because most were redeemed long ago.
Another notable sale was a China People’s Bank of China 500 Yuan (1949), which brought in $38,400. This banknote features an interesting design and is considered highly collectible.
Conclusion
The June HKINF auctions by Heritage Auctions showed the high demand for rare coins and paper money. With such impressive sales, it’s clear that collectors are willing to pay big bucks for unique and historical items. These auctions not only highlight the value of these collectibles but also celebrate the important inventions and figures from Chinese history.
FAQ’s
What are Heritage Auctions?
Heritage Auctions is the largest auction house in the world that specializes in fine art and collectibles, including coins and paper money.
Why are the coins and notes so valuable?
The value comes from their rarity, historical significance, and demand from collectors. Many are limited editions and are hard to find.
How can I participate in these auctions?
You can register on the Heritage Auctions website to bid on items. It’s easy to join and start collecting!