Stack’s Bowers Galleries’ L. E. Bruun Part I Auction Realizes €14,820,900
Danish 1496 King Hans Gold Noble graded NGC AU-55 set a new world record for any Scandinavian coin at auction.
Stack’s Bowers Galleries continues its legacy of record breaking success with the results of the first auction offering of coins from the L. E. Bruun Collection, held on September 14th in Copenhagen, Denmark. The sale took place in the ballroom of the Odd Fellow Palace in front of a packed gallery of avid buyers as well as a worldwide audience that participated live via the Stack’s Bowers Galleries website. When the last of the 286 lots crossed the block, €14,820,900 (over $16.5 million U.S.) in Scandinavian coins had been sold to collectors and dealers worldwide. (All prices include the buyer’s fee.)
Leading this event was the extremely rare Danish 1496 King Hans Gold Noble graded NGC AU-55 which doubled its pre-sale estimate, selling for €1.2 million, a new world record for any Scandinavian coin at auction. Unique in private hands, the King Hans Gold Noble is the crown jewel of Scandinavian numismatics, being one of the oldest Scandinavian gold coins, the first gold coin struck by Denmark and one of the most beautiful Gothic coins produced in Scandinavia.
“The L. E. Bruun Part I auction was truly a landmark event for the world coin market,” stated Stack's Bowers Galleries President Brian Kendrella. “The auction took place in front of a live crowd of over 250 excited bidders and attracted Internet participation that was extraordinary.” He continued: “The quantity and enthusiasm of the bidders, combined with the incredible quality of the material, led to over eight hours of heated competition, numerous rounds of applause, dozens of record prices, the first Scandinavian coin to cross the €1,000,000 mark, and prices realized totaling nearly €15,000,000.”
Additional significant coins from Denmark included the 1623 Gluckstadt 10 Ducats graded NGC AU-53, which nearly doubled its presale estimate soaring to €504,000. The undated (1668-69) 10 Ducats of Frederik III also doubled its presale estimate as heated competition powered the bidding to €444,000.
The superb selection of rarities from Norway was led by the €432,000 realized by the (1661) 2 Speciedaler, graded NGC AU-58 that is also believed to be unique in private hands. The 1660-FG Ducat graded NGC AU Details exceeded expectations at €384,000, while the 1644 PG 4 Speciedaler graded NGC AU Details went to a new home at €228,000.
Swedish coins saw heavy bidding across the board with the 1657 Karl X Gustav Ducat in NGC-64 realizing €85,000, and the undated (1633-34) Riksdaler of Axel Oxenstierna in NGC MS-63 more than doubling its presale estimate at €80,000. The 1838 Karl XIV Johan 4 Ducats from the Stockholm Mint in NGC MS-64 went through the roof at €55,000, nearly four times the presale estimate.
Stack’s Bowers Galleries will be continuing its auction presentations of the L. E. Bruun Collection for several years, with the next installment in spring 2025. For more information on future events please visit stacksbowers.com or contact the firm by email at info@stacksbowers.com.
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Source: Stacks Bowers Galleries
Stack's Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.
Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Santa Ana, California, with offices in New York, Wolfeboro, Hong Kong, and Paris. Stack's Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.
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