Experts believed that Hird ’ second entire solicitation had been sold or gifted anterior to his end in 1973, but these exquisite coins were recently rediscovered by his kin. Bidders jumped at the chance to acquire them, some of which represent the merely exercise known in secret hands. The 52 coins in the sale, which are all certified by NGC, realized a dizzy £2.8 million ( about $ 3.8 million USD ), or over £50,000 ( over $ 70,000 USD ) per coin .
A record-setting queen
The England 1601 Gold Distress Relieved exercise graded NGC MS 61 ( lot 51 ) set a record for the highest price paid for an english coin at a Spink auction. It obliterated its pre-auction estimate of £10,000 to £15,000 ( about $ 14,000 to $ 20,000 USD ), as did many other coins in the sale.
The obverse shows Queen Elizabeth, who ruled from 1588 until her death at senesce 69 in 1603. The rearward has the caption AFFLICTORVM CONSERVATRIX, which is Latin for “ Preserver of the Afflicted. ” The queen delivered a manner of speaking to Parliament in 1601 in which she championed relief for the poor .
“ Spink is honored to have presented these spectacular rarities to the numismatic world, ” said Gregory Edmund, World Coins Specialist with Spink. “ In lot after lot, collectors demonstrated striking assurance, knowing that these phenomenal coins were expertly authenticated, graded and encapsulated by NGC. ”
Two Ryals each realize over $250,000
The next-highest result was achieved by an England ( 1611-12 ) Ryal graded NGC MS 64★ ( distribute 34 ) that realized £312,000 ( about $ 420,000 USD ), more than triple its pre-auction estimate of £50,000 to £80,000 ( about $ 68,000 to $ 108,000 USD ). Issued during the reign of King James I, the hammer aureate coin is sometimes called a “ Spur Ryal ” because of the picture on the reversion, which shows a rose upon a sunlight with multiple target rays radiating outward like spurs .
Another mint of Elizabeth I besides drew game bid. An England ( 1587-89 ) Ryal graded NGC AU 58 + ( bunch 33 ) realized £204,000 ( about $ 275,000 USD ), well above its pre-auction estimate of £40,000 to £60,000 ( about $ 54,000 to $ 81,000 USD ) .
besides known as an “ Armada Rose Noble, ” the coin shows the queen on the deck of a Tudor galleon while holding the royal orb and scepter. It was struck at the fourth dimension of the spanish Armada and bears the iconic Tudor rose .
Numismatic treasures sure to be remembered
“ Coin collection is an excite hobby because a group of rarities like these can resurface at any fourth dimension and energize the numismatic world, ” said Ben Wengel, NGC Senior Grading Finalizer of World Coins. “ NGC is gallant to have been entrusted with certifying these highly significant treasures from England. ”
To celebrate the significance of these coins re-entering the spotlight, NGC encapsulated them with a custom-designed tag that includes an double of Elizabeth I from the 1601 firearm. Each mint is pedigreed to the Horace Hird Collection and encapsulated with a distinguish bootleg core that further enhances their art .
other highlights in the sale included :
- an England ( 1625-49 ) Gold Pattern Unite graded NGC AU 58 ( batch 52 ) that realized £180,000 ( about $ 240,000 USD ), well over its pre-auction estimate of £15,000 to £25,000 ( about $ 20,000 to $ 34,000 USD )
- an England ( 1505-09 ) Sovereign graded NGC XF 40 ( lot 42 ) that realized £156,000 ( about $ 211,000 USD ), well over its pre-auction estimate of £20,000 to £30,000 ( about $ 28,000 to $ 41,000 USD )
- an England ( 1526-29 ) George Noble graded NGC AU 53 ( distribute 32 ) that realized £144,000 ( about $ 195,000 USD ), well over its pre-auction appraisal of £40,000 to £60,000 ( about $ 54,000 to $ 81,000 USD )
- an England ( 1598-1600 ) England Pound graded NGC MS 65 ( lot 36 ) that realized £144,000 ( about $ 195,000 USD ), well over its pre-auction calculate of £15,000 to £25,000 ( about $ 20,000 to $ 34,000 USD )
- an England 1644 Unite graded NGC MS 66 ( draw 40 ) that realized £72,000 ( about $ 97,000 USD ), well over its pre-auction estimate of £8,000 to £12,000 ( about $ 11,000 to $ 16,000 USD )
- an England ( 1584-86 ) Sovereign graded NGC MS 62 + ( draw 46 ) that realized 72,000 ( about $ 97,000 ), above its pre-auction estimate of £30,000 to £40,000 ( about $ 41,000 to $ 55,000 USD )
- an England ( 1613 ) Ryal graded NGC MS 63 ( batch 49 ) that realized £69,600 ( about $ 94,000 USD ) with an estimate of £20,000 to £30,000 ( about $ 28,000 to $ 41,000 USD )
- an England ( 1547-51 ) Bristol Sovereign – Henry VIII Posthumous graded NGC AU 55 ( draw 44 ) that realized £67,200 ( about $ 91,000 USD ), well over its pre-auction estimate of £15,000 to £25,000 ( about $ 20,000 to $ 34,000 USD )
- an England ( 1582-84 ) Sovereign graded NGC AU 55 ( lot 45 ) that realized £66,000 ( about $ 89,000 USD ), well above its pre-auction estimate of £20,000 to £30,000 ( about $ 28,000 to $ 41,000 USD )
Prices realized include buyer ’ mho premium. All estimates provided by the auction house .
About Numismatic Guaranty Company™ (NGC®)
NGC is the populace ’ second largest and most sure third-party marking service for coins, tokens and medals, with more than 50 million collectibles certified. Founded in 1987, NGC provides an accurate, coherent and impartial appraisal of authenticity and degree. Every coin that NGC certifies is backed by the comprehensive examination NGC Guarantee of authenticity and grad, which gives buyers greater confidence. This results in higher prices realized and greater liquid for NGC-certified coins. To learn more, chew the fat NGCcoin.com.