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Press Release - April 28, 2008

The Largest Currency Auction Ever!

Heritage Currency Auction Contributes $14.2 Million toward $44 Million CSNS Event

Dallas, TX: The Official Currency Auction of the Central States Numismatic Society convention, held by Heritage Auction Galleries, realized $14,164,504, the largest currency auction ever, and the final total will be even higher after Post Auction Buys are concluded. Combining the rare coin and currency results, total prices realized at Central States currently exceed $44.4 million. More than 6,700 bidders participated in Heritage's Signature events, and another 3,000-plus bid in the Final Sessions. The auctions were held in Rosemont, Illinois on April 16-18; Images, descriptions, and prices realized for all lots can be viewed at the Heritage website, HA.com.

"This was our largest Heritage currency auction ever," enthused Allen Mincho, "surpassing even our fabled Taylor Family Collection auction in February of 2005. We were incredibly pleased with the results at Central States, but even more astonishing was the bidder participation. We have never seen so many bids placed through every means. On many lots, we would open and ten cards would shoot up in the room, and they would be competing against three bidders on the telephone and two more on Heritage Live. The bidding on many lots was so intense - and sustained - that they took ten minutes to sell! Many of the dealers present expressed their astonishment."

"As we expected," concluded Len Glazer, "the market is continuing to react most strongly when rarity and quality are combined, but either one of those elements was sufficient to inspire spirited bidding. This was our best Central States Currency auction ever, and we are looking forward to our September auction in Long Beach."

Highlights from Heritage's Rosemont Central States Currency Signature Auction:

To discuss consigning coins or currency to an upcoming auction, please call the Heritage Consignor Hotlines at 800-872-6467 ext. 1000 (Coins); or ext. 1001 (Currency).

For more information about Heritage's auctions, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HA.com.

To reserve your copy of any Heritage auction catalog, please contact Client Services at 1-800-872-6467, ext. 1150, or visit www.HA.com/Catalog to order by email.



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Quality Consignments Wanted

Consign to the 2010 April/May CSNS Signature CAA Currency Auction.

We expect to have one of our Consignment Directors visiting your area soon. Please call to arrange an appointment.

E-mail Michael Moczalla or call
1-800-872-6467 x1481

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