Jan 06 2009
Coin Auction Could Net $50 Million in Orlando, FL
Well this was some surprising, somewhat local, news for us.
An upcoming coin auction in Orlando, FL. will include the sale of five U.S. coins minted in 1915 and auctioneers expect them to net around $50 million in sales. There will even be gold and silver coins once owned by Egyptian King Farouk, who lived from February 1920 to March 1965.
Heritage Auction Galleries President Gregory J. Rohan said “If coins could talk, this widely traveled set would have quite the story to tell. They were part of the famous coin collection of King Farouk that the Egyptian government sold at the palace in Cairo in 1954 after he was exiled.”
The auction will take place January 8, 2009. Expectations are high and the auction will include the coin set from 1915 which were minted in San Francisco to commemorate the 1915 Panama-Pacific International Exposition, other rare coins and paper money. The even will last five days and is open to the public.
