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DLRC Press Release

- December 11, 2007

DLRC Auctions Sale Achieves Live Auction Results at Internet Speed
Red Lincolns are Hotter than Gold!
*
Magnolia Collection, Part 2 Opens Soon

(Virginia Beach, VA) – David Lawrence’s Internet Auction #199 highlighted by the Magnolia Collection of Lincoln Cents realized over $296,000! The online sale closed on November 29 with hundreds of bidders competing for the Registry-quality Lincoln cents, among other certified U.S. and world coinage.

These popular Registry-quality coins were highly contested, and we were surprised by the bidding activity with 245 lots sold in the 5-day event.

Noteworthy highlights include (all prices include 15% buyer’s premium):
    1909 1c PCGS MS67 RD   $ 4313
    1911-D 1c PCGS MS66 RD   $ 10,953
    1915 1c PCGS MS67 RD   $ 21,883
    1919-D 1c PCGS MS65 RD   $ 5,980
    1921 1c PCGS MS66 RD   $ 3,220
    1943-S 1c PCGS MS68   $ 3,220
    1957-D 1c PCGS MS67 RD   $ 4,945

Both the consignor and buyers were elated by the results of this sale. To view a complete listing of auction #199 results please visit our web site. In addition to these results, a 1792 half disme PCGS AU55 and 1892-S Morgan $1 PCGS MS65 sold in post-auction trading — both well into six figures meaning the true volume of the event was over $600,000.

According to John Feigenbaum, President of David Lawrence, “this sale was truly exciting for us because it brought together all the facts of our auction platform that we have been working on for the past two years. The consignor was able to sell his coins for top dollar and the coins were sold less than two weeks after the original consignment! Internet bidding is fast taking over this area of the market and we are working every day to lead the charge.”

In fact, the consignor of Lincolns was so impressed that he has consigned the balance of his Red Lincoln Collection (all PCGS graded!) for the Magnolia Sale, Part II which will open for bidding on Friday, December 14 (close on Dec. 20). Visit www.davidlawrence.com for information on this upcoming sale.

For questions about consigning to any of the David Lawrence Internet Auctions or if you have questions about bidding in the sale, please contact Win Callender (1-800-776-0560 x101; [email protected]) or Jason Smith (1-800-776-0560 x103 or email [email protected]

DLRC Auctions
PO Box 9174
Virginia Beach, VA 23450
1-800-776-0560
www.davidlawrence.com
email: [email protected]

Images of highlight coins available on request from Kim Ludwig: [email protected]awrence.com

 
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