A total of $401,009 was raised to benefit the National Numismatic
Collection at the Smithsonian Institution’s Museum of American History
from January’s sale by Heritage Numismatic Auctions of donated auction lots.
The donated auction lots were interspersed among the U.S. coin,
medal, token and paper money lots offered in separate sessions in
conjunction with the Florida United Numismatists convention. The
donated lots comprised 225 coin lots and five paper money lots,
according to Heritage officials. In addition, the total raised in the
auction included several miscellaneous cash donations.
Smithsonian officials were ecstatic with the outcome of the auction
and its final tally.
“The Smithsonian is grateful to Heritage Auctions for the
exceptional job it did in raising very significant funds to benefit
the National Numismatic Collection,” said Marc Pachter, interim
director of the Smithsonian Institution National Museum of American
History. “In this day and age of fundraising challenges for all public
institutions, it’s gratifying to us that Heritage and its clients gave
so generously to this most worthwhile cause. We’re thrilled with the results.”
Heritage waived all buyer’s and seller’s fees on the donated lots in
the FUN auction, with 100 percent of all money raised going to the
endowment for collection at the Smithsonian.
Heritage President Greg Rohan said that on the Smithsonian lots, all
or a portion of the hammer price went to the museum, with Heritage
donating that same percentage of the buyer’s fee.
Rohan said, “For example, on lots that 100 percent went to the
museum, Heritage donated 100 percent” of the buyer’s fee, which is 15
percent added to final hammer price. “If 10 percent of the hammer
price was donated to the museum, Heritage donated 10 percent” of the
of the buyer’s fee.
Rohan added, “I should also point out that Heritage also underwrote
everything to do with the auction. 100 percent of the money designated
for the museum, went to the museum.” ■