CNG TRITON XXVII SALE RESULTS

A rare gold coin struck by the last independent Pharaoh of Ancient Egypt sold for a staggering $245,000 as strong demand for rare and important ancient, world and British coins drove prices in Classical Numismatic Group's Triton XXVII Auction, held live in New York City and online January 9-10, 2024, to double the $5.5 million presale estimate, reaching a total of $11.1 million for the 1300-lot offering.

Two follow-up internet auctions, Triton XXVII Sessions 5 and 6, held January 17-18, also better than doubled their presale estimates to bring the total, bringing the total two-week haul to $12.5 million.

The overall results point to continued strength in the market for top-quality ancient Greek, Roman, Byzantine, World and English coins, said David Michaels, CNG's director of consignments and shows. We are in the midst of a true bull market for historical numismatic rarities, and it shows no sign of abating, he noted.

 
Lot 366

The Egyptian gold stater, lot 366, was struck by Nektanebo II, Pharaoh from 361 to 343 BC, had stamped on its surfaces the hieroglyphic symbols of a horse prancing right and a pectoral necklace draped around a human heart, translated as good gold in the ancient Egyptian language. The rare coin is the only gold piece struck by the Pharaonic state during a brief revival of native rule before it was reconquered by the Persian Empire.

 
Lot 119

 
Lot 74

Many other ancient Greek coins also far exceeded their presale estimates, including lot 119, a silver stater of Abdera depicting an artistic rendering of the weary Herakles, which reached $171,500; lot 74, a beautiful gold stater of Syracuse in Sicily pedigreed to the famous Garrett Collection, which attained $122,500; and lot 83, a large silver oktadrachm of the Syracusan king Hieron II, which brought $91,850 after spirited bidding. All prices quoted include the 22.5% buyer's premium.

 
lot 818

Ancient Roman coins made another strong showing, including lot 719, a Judaea Capta type gold aureus of the Emperor Vespasian, which reached a stratospheric $159,250; lot 818, a dynastic gold aureus of the Roman Emperor Caracalla depicting his parents Septimius Severus and Julia Domna on the reverse, which brought $79,625; and lot 476, a beautiful silver cistophorus of Augustus Caesar depicting the emperor's signet ring seal, a winged sphinx, on the reverse, which achieved $67,375.

 
Lot 1139

 
Lot 1305

World coins also showed continued strength, highlighted by a trio of coins struck by the Mughal Emperor Jahangir, who ruled India 1605-1627. These included lot 1139, a gold Zodiac mohur depicting the astrological sign Gemini the twins, which brought $91,875; lot 1137, a second Zodiacal issue showing Taurus the Bull, which achieved $70,437; and lot 1136, a Bacchanal issue depicting the emperor drinking from a wine cup, which reached $61,250. Outstanding British coin results included lot 1285, a pristine gold Noble of Edward III, which brought $42,875, and lot 1305, a gold 5 guineas of Charles II dated 1679, which reached $36,750.

These results bode extremely well for CNG's next Feature Auction, CNG 126, scheduled for May 28-29, 2024, Michaels said. If you would like to see your coins showcased in this world-class auction, please get in touch with us right away, as the deadline is February 15, he added.

Classical Numismatic Group LLC is the foremost U.S. numismatic firm dealing in Ancient, World and British coinage. For more information about consigning to CNG Feature Auction 127, or to receive a printed catalog of the sale, write to CNG@cngcoins.com or call (717) 390-9194.

To read the earlier E-Sylum article, see:
CNG TRITON XXVII SALE (https://www.coinbooks.org/v26/esylum_v26n51a20.html)

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