⇑ 'AUCTION Coin' Booms as Rare and Historic Coins Break Auction Records

Coin auctions are at the center of massive currency trades, breaking records and raising millions for charities. Rare coins are setting high standards, for instance, the 1856 Flying Eagle Cent sold for a record $312,000 and a rare silver coin from the American colonial period sold for $2.52 million. Rare coins like the 1870 Double Eagle Coin and others found unexpectedly in furniture or mystery boxes are generating much interest and fetching considerable amounts during auctions. Interest in coin auctions is not dwindling despite the world becoming more digital. In fact, Bitcoin is also being offered in these auctions, indicating a blend of traditional and digital currencies. Among the key players increasing the drive for coin auctions are the United States Mint and Stack’s Bowers Galleries. Coins from various eras, such as the 1910s, the colonial times, and the California Gold Rush era, are all being brought to light and commanding high prices. Some coins are selling for up to 6,800 times their face value. This surge in pursuit of rare and historic coins shows a thriving market.

AUCTION Coin News Analytics from Mon, 02 Sep 2024 07:00:00 GMT to Wed, 27 Nov 2024 22:37:56 GMT - Rating 8 - Innovation 6 - Information 9 - Rumor 4