Coin Collection sells for £145,000 at auction
Posted in: News on June 28, 2018.
This important and very rare collection spanned over 200 auction lots which started the proceedings of our 1000 lot monthly Art and Antiques Auction on June 23rd.
Representing monarchs from King Henry VIII to Elizabeth II, the gold and silver collection captured the attention of international coin collectors and dealers alike, culminating in a brimming sale room and over 500 bidders registered and watching live online. Every single coin sold on the day, realising a remarkable total figure of over £145,000.
Discovered during a routine house call at a deceased estate, Dawson’s Auctioneer & Valuer Joseph Trinder was more than a little taken-aback to find the collection presented neatly on a double bed in a modest property in Windsor. “A moment that will stay with me throughout my career, this discovery was simply breath-taking. It was the life’s passion of it’s original owner who is the late uncle to our client. The collection was originally kept in the owner’s London home before being taken to the client’s Windsor property. Collecting throughout his life, it clearly gave him great enjoyment to source and acquire this remarkable hoard. It is gratifying to now think that these very rare coins will now contribute to hundreds of other collections in the UK and abroad.
White Glove Sale
A ‘white glove sale’ – a term used in the auctioneering world when 100% of the lots on offer sell, is a rare occurrence. This collection not only sold, but achieved market-leading prices throughout, to include £12,500 plus buyers premium for a James I (1603-25) Rose-Royal of 30 shillings and a George V, 1910-36 proof set of twelve coins (1911) which sold for £13,500 plus buyers premium. The average hammer price achieved for the 226 lots on offer was £641.60. We were joined live online by European bidders, plus international buyers from the USA, Canada, Singapore, Hong Kong, China, South Africa, Australia, Japan and Brazil.
“We are delighted with the results of this sale which reflects a very rare event in the marketplace” says Trinder. “Such consistently good results are a product of our focus on high standards of cataloguing and photography, plus the pre-sale marketing that we undertook.’
The local vendor of the coins remarked “what an incredibly exciting morning! We were immediately impressed by Joe’s knowledge and enthusiasm. He put us at ease and we had no hesitation in entrusting our uncle’s legacy to Dawson’s. We are over the moon with the results of the sale. On behalf of our family I would like to offer Joseph and the entire Dawson’s team our sincere gratitude for all their hard work and for handling our late uncle’s collection in such a professional and caring manner”