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CNA Auction Tops One Million Dollars


This year’s Canadian Numismatic Association Auction set many records. The auction, which was held in Vancouver in conjunction with the annual CNA Convention, was conducted by Michael Walsh, the Canadian Coinoisseur and had total sales in excess of 1.1 million dollars. This sets the new Canadian record for prices realized in a numismatic auction, eclipsing the previous mark set in 1999 by Charles Moore with the Bank of Canada Archive Sale.

The spiral bound 108 page catalogue had a total of 1185 lots. It began with a small assortment of world coins and continued through over a hundred lots of tokens and medals, some three dozen lots of Canadian and US gold coins and four dozen lots of paper money. Then from lot 252 to the end of the first session at lot 550 was the major reason bidders flew to Vancouver from as far away as Western Australia: selected pieces from the Douglas L Mason Collection. The second session was entirely Canadian and Maritime decimal coins.

A total of 288 bidders from four continents registered for the auction and there was very strong pre-sale bidding by mail, fax, courier and email. Generally in Canadian numismatic auctions, said Walsh, the majority of lots sell in the range of 60% to 75% of catalogue, and about one-third of the lots fail to sell or don’t meet their reserves. In this sale, 76% of the lots sold, and the average was 73% of catalogue, with 117 of them selling for more than full catalogue, 40 of these at over 125% and half a dozen at more than double catalogue. Mail bidders won 22% of the lots, continued Walsh, generally this figure is considerably higher in my sales, but we had very active floor bidding.

Some of the most active was on Lot 424, a 1910 Victorian Leaves 50 Cents graded ICCS MS-65 with superb eye appeal and catalogued at $50,000. Bidding opened at $33,000 and the field of bidders gradually narrowed to two who battled on to a final hammer of $75,000, $82,500 with the 10% buyers fee. This is a dramatic illustration of the influence of eye appeal on coin pricing, said Walsh, “the piece would be catalogued at $25,000 with eye appeal and $37,500 with great eye appeal. With superb eye appeal, we have seen in this auction what dedicated collectors are willing to pay.

There were many other examples of the influence of superb eye appeal on pricing. Among these was Lot 357, a 1904 10 Cents in ICCS MS-64 with superb eye appeal. It sold for $4,290, even although with average eye appeal it would catalogue $2,000. Lot 434, a 1940 50 Cents ICCS MS-65 with superb eye appeal sold for $1,925. With average eye appeal it Trends at $1,100. Lot 872, a 1902H 25 Cents piece in ICCS MS-66 with superb eye appeal sold for $11,495 although with average eye appeal it catalogues $7,500. Lot 1039, a 1936 Silver Dollar in ICCS MS-64 PQ+ sold for $660, although a regular looking one catalogues $250.

Some of the other highlights of the sale were:

Lot 248, an 1856 Bank of Prince Edward Island Five Pound note in Fine+ catalogued at $4,000 sold for $3,850;

Lot 255, an 1859 Brass Cent in ICCS VG-8 sold for $4,620 on a catalogue of $4,000;

Lot 270, a 1919 Large Cent in ICCS MS-66 Full Red sold for $1,760 on a catalogue of $1,750;

Lot 276, a 1924 Cent in ICCS MS-63 Red sold for $1,430 on a catalogue of $500;

Lot 278, a 1937 Cent in ICCS MS-65 Red sold for $137.50 on a catalogue of $90;

Lot 280, a 1939 Cent in ICCS MS-66 Red sold for $217.80 on a catalogue of $150;

Lot 283, a 1942 Cent in ICCS MS-65 Red sold for $561 on a catalogue of $150;

Lot 286, a 1945 Cent in ICCS MS-65 Red sold for $715 on a catalogue of $600;

Lot 294, a 1951 Cent in ICCS MS-65 Red sold for $286 on a catalogue of $225;

Lot 295, a 1952 Cent in ICCS MS-65 Red sold for $165 on a catalogue of $100;

Lot 283, a 1953 Shoulder Fold Cent in ICCS MS-65 Red sold for $467.50 on a catalogue of $200;

Lot 307, an 1888 5 Cents in ICG MS-66 sold for $5,720 on a catalogue of $6,000;

Lot 339, a 1953 Shoulder Fold Mule in ICCS VF-20, Scratch sold for $825 on a catalogue of $750;

Lot 346, an 1886 Small 6 10 Cents in ICCS MS-63 sold at full catalogue for $5,500;

Lot 347, an 1886 Large Knobbed 6 10 Cents in ICCS MS-60 catalogued at $1,500 sold for $2,640;

Lot 348, an 1886 Large Pointed 6 10 Cents in ICCS MS-60 catalogued at $1,500 sold for $1,760;

Lot 349, an 1889 10 Cents in ICCS VF-30 catalogued at $4,250 sold for $4,180;

Lot 353, an 1894 10 Cents piece in ICCS MS-67, catalogued at $30,000, opened at $18,000 and sold after spirited floor bidding for $31,900;

Lot 388 a 1956 Dot 10 Cents in ICCS MS-66 catalogued at $225 sold for $330;

Lot 395, an 1885 25 Cents in ICCS MS-64 sold for $37,400. In MS-63 it catalogues $12,500;

Lot 405, a 1912 25 Cents in ICCS MS-65 sold for $11,000. In MS-64 it catalogues $4,000;

Lot 407, a 1915 25 Cents in ICCS MS-64 sold for $20,900. Current Trends list it at $16,000;

Lot 414, a 1936 Dot 25 Cents in ICCS MS-63 sold for $3,410 on a catalogue of $3,000;

Lot 421, a 1903H 50 Cents in ICCS and PCGS MS-65 catalogued at $25,000 sold for $23,100;

Lot 423, a 1906 50 Cents in ICCS and PCGS MS-62 catalogued at $3,500 sold for $3,960;

Lot 428, a 1921 50 Cents in ICG MS-65 sold for $104,500 to a mail bidder from Toronto;

A second 1921 50 Cents, this one Lot 973, in VG sold on the floor for $18,700 to a bidder who flew in from Wisconsin to buy it;

Lot 442, a 1946 Design 50 Cents in ICCS MS-60 which Trends at $1,750, sold for $1,870;

Lot 446, a 1947 Curved 7 Maple Leaf 50 Cents in ICCS MS-63 which Trends at $8,800, sold after spirited floor bidding for $15,400;

Lot 464, a 1955 Arnprior Silver Dollar in ICCS MS-64 sold for $605 on a catalogue of $500;

Lot 466, a 1958 Silver Dollar in ICCS MS-65 Heavy Cameo sold for $847 on a catalogue of $500;

Lot 467, a 1965 LB B5 Silver Dollar in ICCS MS-66 Heavy Cameo catalogued at $3,000 sold for $3,630;

Lot 468, a 1965 LB P5 Silver Dollar in ICCS MS-66 Heavy Cameo catalogued at $3,000 sold for $3,118.50;

Lot 470, a 1966 Small Beads Silver Dollar in ICCS MS-64 catalogued at $3,000 sold for $2,860;

Lot 472, a 1985 Canada/New Zealand Mule in ICCS AU-50 catalogued at $4,000 sold for $6,600;

Lot 479, an 1888 Newfoundland Cent in ICCS and PCGS MS-63 Red and Brown catalogued at $4,000 sold for $3,850;

Lot 484, a 1938 Newfoundland Cent in ICCS MS-64 catalogued at $175 sold for $605;

Lot 485, a 1940 Doubled Date Newfoundland Cent in ICCS AU-55 catalogued at $350 sold for $506;

Lot 486, a 1942 Newfoundland Cent in ICCS MS-63 Red catalogued at $200 sold for $220;

Lot 491, an 1888 Newfoundland 5 Cents in ICCS AU-50 catalogued at $1,200 sold for $1,430;

Lot 507, an 1865 Newfoundland 10 Cents in ICCS and PCGS MS-65 catalogued at $20,000 sold for $16,500;

Lot 511, an 1888 Newfoundland 10 Cents in ICCS EF-40 which Trends at $600 sold for $1,705;

Lot 526, an 1890 Newfoundland 20 Cents in ICCS and PCGS MS-65, the solo mintstate example sold for $24,200;

Lot 530, a 1919C Newfoundland 25 Cents in ICCS MS-63 catalogued at $2,000 sold for $2,035;

Lot 535, an 1888 Newfoundland 50 Cents in ICCS EF-40 catalogued at $700 sold for $990;

Lot 536, an 1898 Newfoundland 50 Cents in PCGS AU-58 catalogued at $3,500 sold for $3,410;

Lot 537, an 1899 Wide 99 Newfoundland 50 Cents in ICCS and PCGS MS-62 catalogued at $10,000 sold for $8,580;

Lot 542, an 1881 Newfoundland Two Dollars Gold in ICG MS-64 catalogued at $30,000 sold for $25,300;

Lot 543, an 1888 Newfoundland Two Dollars Gold in ICCS and PCGS MS-62 catalogued at $1,250 sold for $1,540;

Lot 546, an 1861 Small Bud Nova Scotia Cent in ICCS MS-62 Trace Red catalogued at $275 sold for $528;

Lot 548, an 1862 Nova Scotia Cent in ICG AU-55 catalogued at $650 sold for $825;

Lot 550, an 1871 Prince Edward Island Cent in ICCS MS-66 Red catalogued at $1,800 sold for $1,980;

Lot 580, a 1920 Canada Large Cent in ICCS MS-66 Red catalogued at $3,000 sold for $3,190;

Lot 591, a 1927 Cent in uncertified MS-63 Red catalogued at $200 opened at $132 and after spirited bidding on the floor, sold for $264;

Lot 594, a 1934 Cent in PCGS MS-65 Red catalogued at $550 sold for $770;

Lot 600, a 1937 Cent in ICCS MS-65 Red catalogued at $90 opened at $71 and after spirited bidding on the floor, sold for $209;

Lot 618, a 1941 Cent in ICCS MS-65 Red catalogued at $325 opened at $240 and after spirited bidding on the floor, sold for $473;

Lot 743, a 1953 No Shoulder Fold Mule 5 Cents in ICCS AU-55 catalogued at $3,000 sold for $2,761;

A full list of the Prices Realized will be included in the next Canadian Coinoisseur auction catalogue, which will be for the October Torex in Toronto. This auction will include part two of the Mason Collection as well as numismatic items from other consignors. Catalogues are available at $15 each. As well, a CD with over 1300 high resolution photographs of the coins in the Mason is available for $25. Catalogues and CDs can be ordered online at www.coinoisseur.com or from Michael Walsh, #345 Unit 101 - 1001 West Broadway, Vancouver, Canada V6H 4E4.


http://www.canadian-numismatic.org/Auction%2002%20Results.htm




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