High Quality Certified Gold Coins Bring Top Of The Market Prices

CoinWorld - Bidders were willing to pay multiples of published estimates Dec. 18 to acquire certified U.S. gold coins from the Sierra Madre Collection offered by GreatCollections.



The Sierra Madre Collection, according to GreatCollections President Ian Russell, was assembled by its unnamed consignor primarily in the early 1990s during a bull numismatic market.

Russell said that despite the coins being purchased by the consignor at what was then the top of the market, the prices realized in the Dec. 18 GreatCollections sale rose above those levels.

"When you have quality coins, they bring more money," Russell said.

Old Green Holders
Of the 55 coins offered, 48 were graded and encapsulated by Professional Coin Grading Service in "Old Green Holders" and seven are graded and encapsulated by Numismatic Guaranty Corp. Fifty of the 55 coins were subsequently stickered by Certified Acceptance Corp. for quality, which included the two NGC-certified coins.

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