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Tuesday, 4th August 2009 (3727 views)

A gold coin dating from 1904 was the highlight of a recent auction in the US that raised a total of over $1.44 million (£849,539).

The $20 gold piece fetched $72,450 at the Scotsman Auction Company's Midwest Summer Sale in St Charles, Missouri, Numismatic News reports.

It came housed in the green label holder of the Professional Coin Grading Service and the coin's obverse portrait was described as having stars and numerals "all frosted with pleasing satiny texture".

Almost 1,300 lots went under the hammer in the auction, which was held at the St Charles Convention Center.

After the gold piece, the next highest price fetched by a coin in the sale was $38,525.

In related news, a coin described as one of the most important gold pieces struck during the California Gold Rush is set to go on sale tomorrow (August 5th).

The $20 Kellogg and Company token dates from 1854 and is believed to be one of only 42 surviving examples of its type.

It will remain open to bids until August 8th as part of Bowers and Merena's Official Auction of the American Numismatic Association World's Fair of Money in Los Angeles.

 

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