Get auction news and collector tips delivered to your inbox.
888 Sells Rare 1978 Gold Medal Commemorative $5,500
Richmond Hill, ON – 888 Auctions concluded a successful auction with a Rare People’s Republic of China gold medal commemorative coin exceeding its estimate high and selling for a crisp $5,000 at Lot 511. The rarity of the coin cannot be understated as it was one of 780 coins ordered from Peking for distribution during the 1978 Hong Kong Exhibition of Archaeological Finds.
A 100-carat yellow diamond has sold for US$16.3 million at auction in Geneva.
The 110.09 carat gem failed to sell at first, with the bids too low, before the Sotheby's auctioneer unexpectedly announced that it was going back under the hammer. He said there had been some confusion over the currency displayed on the reserve.