Assigning an estimate to an auction lot is not an exact science; when dealing with scarce and rare material, catalogue prices are often not available or don’t really apply. The Geoffrey Bell Auctions Ltd. Toronto Coin Expo 2018 Spring Sale saw many lots exceed their pre-sale estimates as eager bidders jockeyed over a chance at numismatic material that isn’t readily available in the marketplace. Below are just a few examples.
With Chinese pandas having a strong following, it’s not surprising to see these precious metal beauties perform beyond their intrinsic values. The silver pandas were strong, but not to be outdone, a pair of half ounce gold pandas dated 1999 and 2000 more than tripled their estimates, closing at $2,700.
Hudson’s Bay Company tokens stayed hot, with a number of lots having their estimates ignored. A very rare Labrador District 10 MB piece led the way realizing $7,500, more than triple the estimate. A lovely Beaver Preserve token doubled the high end of its estimate, closing at $1,400 and an Eastern Arctic Series Set easily tripled its pre-sale amount, ending at $1,100. Interest in our history is indeed alive and well.
Recognized error varieties are another hot market and the rare 1967 Centennial dollar with upset dies ultimately closed at $10,500. Nickel dollars were well represented too, with the 1982 constitution dollar upset dies coin exceeding its estimate at $5,250.
Some Bank of Canada notes surprised a few bidders as a Bank of Canada 1954, $20 changeover note ended at ten times its estimate with $3,000. A pristine condition 1974 $2 note numbered BN0000001 was highly sought after, closing at $3,700.
A number of chartered banknotes surpassed expectations as well. The most notable being a pair of one and three dollar Farmers’ Bank of Malden notes that achieved $5,750 and $4,400 respectively; and a nice, rare Montreal Bank proof $5 closed at $3,400.
It was a fun spring in Toronto and we recommend analyzing the auction results yourself so that you know what the market looks like now. Our next offering is the Paris Sale, August 11, 2018 wth the Toronto Coin Expo 2018 Fall Show not too far behind in September. If you’d like to put over 100 years of combined numismatic experience to work for you, contact us about consigning today.