Highest auction price worldwide for rare Australian coins

[JeffH]

Highest auction price worldwide for rare Australian coins

They look a bit better than the average sovereign.

[Unicorn]

Wow! Wish I had a couple :laugh2:

[Triggersmob]

24% buyers fee. That certainly pushed the price up.

[nealeffendi]

So who is the "Australian collector who lives in California" that they are referring to? Any guesses

[Pedro]

Paul Hogan  :biggrin:

[seedyrom]

I wonder what these Sovereigns went for?
https://www.coinnews.net/2021/05/19/goldbergs-june-sale-includes-world-gold-coins-from-s-s-central-america-sunken-treasure/

As one commentator alludes to, after 150+ years at the bottom of the ocean, they are suspiciously highly graded at MS-62+ and AU-58 respectively

Edit: $46k and $26k

[nealeffendi]

I assume gold coins were tightly packed in strong boxes inside heavy safes inside the ship? If so they may not have been exposed to things growing on them or sand eroding them and the seawater itself shouldn't harm them. That's a risk with high priced early gold, only take a shipwreck to be found and the population of high grades rockets (so the price falls).

[Basilstate]

So who is the "Australian collector who lives in California" that they are referring to? Any guesses

No idea Neal but its surprising how many US based Dealers trade and collect Oz. coins.
Kersting in the early 1960's placed ads in all the Oz Capital cities newspapers and also worldwide on who owned the 1930 penny and where they obtained it from,he was quoted in a Magazine(Newsletter?) at that time on how he was surprised how many were overseas, particulary the USA. That number hasn't resulted in modern era grading/slabbing so many must have been Fakes or the owners were fibbbing.  

I assume gold coins were tightly packed in strong boxes inside heavy safes inside the ship? If so they may not have been exposed to things growing on them or sand eroding them and the seawater itself shouldn't harm them. That's a risk with high priced early gold, only take a shipwreck to be found and the population of high grades rockets (so the price falls).

Yes, Fireproof safes are usually watertight so any Coins inside should be in good condition even after decades,different story with paper,it seems to deteriorate over the years no matter how its stored.

[Mister T]

Interesting - I saw that a 1920-S sovereign was up for sale but I didn't realise there was an Adelaide 5 pound as well.

[Goldseeker]

Belinda Downie had a holey dollar for sale at $1m several ANDA Shows ago.