Tuesday, January 31, 2017

Update on the Brody-Collection coin auction

NUMISMATICS: World coin auctions are at center of New York International Numismatic Convention. Sales near $39 million in last year at Waldorf-Astoria (Jeff Starck, Coin World).
In its final year at the Waldorf-Astoria, the New York International Numismatic Convention in 2017 continued to serve as the center of international numismatics to kick off a new year.

The convention — held for its 45th time — served as the home to auctions garnering nearly $39 million. Leading the way was Heritage Auctions’ sale, totaling $15,658,469. Classical Numismatic Group’s auctions realized $11,292,580.

Totals for the convention’s several other auctions follow:

The New York Sale, which featured the Brody Collection of Jewish coins; ancient and world coins; Russian coins, orders and medals: realized $4,794,169, including an 18 percent buyer’s fee.


The top lot of the auctions was the prototype issue, dated Year 1 (A.D. 66 to 67), silver shekel struck during the Jewish War.

The coin is in Extremely Fine condition and toned, according to CNG. It hammered for $600,000 in the firm’s auction (the buyer’s fee ranges from 19 to 21 percent, depending on bidding and payment method).

This is one of three known examples of a prototype for the shekel of the first year of the Jewish War, beginning May 66 (or a bit later), and it is therefore the first coin type of the renowned Jewish War shekels and half shekels.

Background here. That article did not mention the quite important Year 1 silver shekel, although this earlier one alluded to it.. The sale of one of the two other surviving Year 1 silver silver shekels was noted here in 2012. And for other recently sold silver shekels from the Great Revolt, see here.