Rare Korean gold coins could fetch $1.5m at Heritage auction
We have earlier discussed about the most expensive gold coins in the world like Flowing Hair Dollar that was sold for $7.85million or Double Eagle that went under the hammer for $7,590,000. Yet again, Heritage’s September Long Beach World Coin Auction will offer a range of luxurious collector’s items. This auction is going to be the largest ever and will feature some remarkably rare coins and is expected to fetch around $500,000.
With 350 lots of Japanese and 91 lots of Korean coins and banknotes, the Norman Jacobs Collection of Japanese and Korean numismatic rarities will play an important role in the auction. The most striking piece of this auction is a set of 1909 Korean Yung Hi gold, Year 3, in 5 Won, 10 Won and 20 Won denominations with an overall value of $1.5m or more.
One of the most significant coins is 5 Won which is an extremely rare issue that has been given a graded MS by the Numismatic Guaranty Corporation (NGC). Not only 5 Won but 10 Won and 20 Won are of similar rarity and after this auction, this will be the first opportunity for any Korean collector to own these coins. The auction will take place at the Heritage on September 7- 12 in California.
Via: Coin Week