Market Remained Strong At Busy June Long Beach Expo

(Long Beach, California) – The numismatic market remained strong during the latest Long Beach Coin, Stamp & Collectibles Expo, June 2 – 4, 2005.  Attendance at the show was 12,817, including dealers and the public.

Among the highlights: the auction sessions of U.S. and world coins conducted in conjunction with the show by Heritage Galleries & Auctioneers of Dallas resulted in record-setting prices; announcement was made of the $4.15 million sale of the finest known 1913 Liberty head nickel; and a transaction involving a $1 million gold coin was reported on the bourse floor, according to Ronald J. Gillio, Expo General Chairman.

"The show started on a very high note just after the doors opened to the public on the first morning.  An announcement was made on the public address system that the Eliasberg/Lee specimen 1913 Liberty Head nickel, on display at the PCGS booth, was sold to Legend Numismatics for the astounding price of $4,150,000.  The announcement was greeted with applause," said Gillio.

Subsequent newspaper and television stories about the famous coin's sale helped attract people to the show, according to Gillio.  There also were a number of overseas visitors who came to Long Beach after attending the International Association of Professional Numismatists convention held in San Diego a few days earlier.

The Heritage auction included the record price of $431,250 for the finest known 1643 "triple unite" gold piece of England's King Charles I, graded NGC MS 63.

"We also heard that a Saint-Gaudens double eagle sold privately for well over $1 million on the bourse floor, and that's one more solid indication about the strength of the rare coin market."

Another popular attraction at the three-day show was the colorful $10 million exhibit by Monaco Financial of historic Civil War era antiques, highlighted by one of the two known 1861 Philadelphia Mint "Paquet" Double Eagles and recovered S.S. Republic sunken treasure.

eBay consultant, Troy Thoreson, conducted two seminars about buying and selling collectibles online.  More than 80 participants at the Saturday seminar also had the opportunity to meet with Lia Theologides Mukhar, recently appointed eBay Senior Category Manager for collectibles.

A dozen other educational seminars were presented during the Long Beach Expo by hobby experts.

"A gold coin door prize was awarded each day, and nearly 300 children took part in the extremely popular Kid's Treasure Hunt on Saturday," said Gillio.

The next Long Beach Expo will be conducted September 22 – 24, 2005 in the Long Beach, California Convention Center.