[NEWS] Stack's Bowers and Ponterio Sells over $10.5 Million in HK

http://www.ngccoin.com/news/viewart...onterio-Sells-over-$10.5-Million-in-Hong-Kong



...Modern Chinese issues featured a Gem Proof Yan Di 1993 500 Yuan, a coin from a mintage of just 99 pieces graded NGC Proof-68 Ultra Cameo. Hotly contested, this gem sold for an incredible $167,300, more than fifteen times its pre-sale estimate! Executive Vice President Rick Ponterio noted, "I am very pleased with the results of our recent Hong Kong sale. The market for Asian rarities continues to grow and the demand for high quality numismatic items is at an all-time high. Attendance was very strong and enthusiasm was hightwo strong factors that combined to create a dynamic sale."

Highlights of the Stack's Bowers and Ponterio April 2012 Hong Kong Auction include:

Lot 20038, CHINA. Tai Ching Pattern Dollar Denominated "$1", ND (1910). Tientsin Mint. NGC MS-65. Realized $77,675
Lot 20071, CHINA. Pattern 50 Cents (1/2 Dollar) Struck in Silver, Year 3 (1911). Tientsin Mint. NGC MS-63. Realized $96,600
Lot 20390, CHINA. Soviet Issues Hupeh-Honan-Anwhei. Dollar, 1932. NGC XF-45. Realized $47,800
Lot 21076, CHINA. Chihli (Pei Yang Arsenal). 7 Mace 2 Candareens (Dollar), Year 24 (1898). NGC MS-65. Realized $59,750
Lot 21160, CHINA. Fengtien. Dollar, Year 25 (1899). NGC MS-62. Realized $59,750
Lot 21274, CHINA. Hupeh. 7 Mace 2 Candareens (Dollar), ND (ca. 1909-11). NGC MS-65. Realized $41,825
Lot 21465, CHINA. Kiangsu. 10 Cash Mule, ND (ca. 1905-07). NGC MS-62. Realized $32,863
Lot 21559, CHINA. Kwan Ping Trade Coinage "Chinese-Foreign Circulating Coin". Pattern 1 Mace Struck in Silver, ND (ca. 1868). NGC MS-64. Realized $107,550
Lot 21565, CHINA. Kwangtung. 7 Mace 2 Candareens (Dollar), ND (1891). NGC SP-67. Realized $167,300
Lot 21811, CHINA. Taiwan. Ju-I Military Ration "Lotus" Dollar (6 Mace 8 Candareens), ND (1853). NGC EF DetailsChop Marked. Realized $89,625
Lot 22037, CAMBODIA. Pattern 3 Tical Struck in White Metal, CS 1208 (1847). NGC PROOF-63. Realized $50,788
Lot 23402, CHINA. 500 Yuan, 1993. Yan Di. NGC PROOF-68 ULTRA CAMEO. Realized $167,300

 

Marketing ploy :/

 

$167,300 ... Market value

 

Yeah I know MCCs are going strong... just thinking about how they deliberately lowered the pricing estimates (sometimes below spot) so they could then turn around and say "see we had a price 15x of what we guessed!".

Being exposed to all the Perth Mint "marketing" has made me cynical

 

Hahaah... yeah, I know what you mean

I'm sure the owner of the coin was pleasantly surprised (or not) that their coin sold so far above the estimate