White Glove Results and Auction World Record at Coins Sale in Los Angeles

Los Angeles – More than doubling its estimate and achieving an auction world record, a 1915 commemorative five-piece Panama-Pacific International Exposition set sold for $426,000, underscoring the overwhelming success of the Bonhams Coins sale on June 27 in Los Angeles. Issued at the Panama-Pacific International Exposition in 1915 which celebrated the opening of the Panama Canal the previous year, this group of coins is the most famous set of any of the commemoratives issued and maintains its original box. This specialty auction resulted in a white glove sale with 100% sold by lot and 100% sold by value, overall achieving $1,171,890 with the majority of lots selling above estimate.

Another standout performance was a 1776 Pewter Continental Dollar, which flew past its estimate and sold for $120,000. Manufactured to commemorate American independence, the Continental dollar was the first pattern coin to be struck for the United States with both sides designed by Benjamin Franklin. Also minted during the infancy of the United States, a sharply detailed, gold 1795 $5 Small Eagle sold for $68,400.

"We were extremely pleased to once again present a strong collection of US and World coins for sale in Los Angeles," said Paul Song from Bonhams Trust & Estates who lead the sale. "It comes at a time when interest is soaring for coin collecting and so it was an exciting opportunity to share our exceptional offerings with currency connoisseurs."

Additional highlights include:

• A 1915 Panama-Pacific $50 Octagonal sold for $56,400, doubling its estimate. An attractive rich green-gold color, this rare Octagonal $50 coin is in exceptional condition.

• An exquisitely preserved example of this classic 20th century double eagle type, 1907 Saint Gaudens $20 High Relief, Wire Edge sold for $46,800.

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