Florida coin auction could net Fifty Million
auction in Orlando, Fla., that will include the
sale of five U.S. coins minted in 1915 should
result in at least $50 million in sales, the
Heritage Auction Galleries President Gregory J.
Rohan said the upcoming auction will include
five gold and silver. coins once owned by
Egyptian King Farouk.
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,
Rohan said in a Heritage release.
The coin set, up for bid in an auction Thursday,
was first sold for $200 in 1915. It could be
sold this week for more than $150,000. The set,
along with other rare coins and paper money up
for auction, could result in $50 million in
sales during the five-day public event.
The five coins have a combined face value of
$104 and were made at the San Francisco Mint to
commemorate the 1915 Panama-Pacific
International Exposition (Pan-Pac) held in that
city that year, Rohan said.
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