An exceptionally rare ‘prooflike’ 1701 William III Guinea sold in Tennants’ auction of Coins, Tokens & Banknotes on 12th April for £22,000 against an estimate of £4,000-6,000. Guineas are always in demand amongst collectors and dealers, but it was the coin’s combination of rarity and remarkably good condition that enticed bidders today, with competitive bidding from London dealers in particular driving up the price.
The coin was part of a good private collection, which garnered much interest prior to the sale. The coins were collected by the vendor’s grandfather, but had been stored in a box in a garage for years; their value and rarity had long been forgotten until they were brought in to Tennants’ specialist David Wolstencroft. The entire collection sold for in excess of £50,000, and other coins of note were a William III 1701 5 Guinea coin which sold for £8,500 against an estimate of £6,000-8,000, and a 1937 Gold Proof Set which sold for £8,500 against an estimate of £4,000-6,000.
Coins continue to sell consistently well at auction, and the rise in gold prices has led to particularly buoyant sales in recent years. However, today’s sale was the auctioneers’ ideal – a ‘White Glove’ sale in which every lot sold, and today saw a remarkably strong total hammer price of £149,350 for a 295 lot sale.
We are currently accepting lots for the next sale of Coins, Banknotes & Tokens on 26th July, please contact us on 01969 623780 or email@example.com
Full results are available on our website.