Vintage Norse gold medal realizes $32,900: Market Analysis
- Published: Feb 14, 2016, 6 AM
Below is the first of three segments from Steve Roach, highlighting some diverse sales the Long Beach Expo earlier this month:
Heritage’s auctions held at the Long Beach Coin, Currency, Stamp and Sports Collectibles Expo on Feb. 4 and 5, along with an online session on Feb. 7, realized $8.27 million as of Feb. 8. Two of the top lots were consigned by Texas Rangers co-owner Bob Simpson. Leading was a 1943-S Lincoln cent struck on a bronze planchet, graded About Uncirculated 58 by Professional Coin Grading Service, that brought $282,000 and Simpson’s impressive nine-piece 1856 Proof set, which sold for nearly $200,000.
1925 Norse American Centennial gold medal, Proof 66 CAC
In 1925 the Philadelphia Mint struck medals to commemorate the 100th anniversary of the arrival of Norwegian immigrants to New York. Initially, Rep. Ole Juulson Kvale of Minnesota hoped for a commemorative coin, but he had to be satiated by a medal, and it has long been collected alongside the classic era 1892 to 1954 commemorative coins.
The octagonal medal has a robust Viking design by James Earle Fraser that has proven popular with collectors. The design is most often found on thin silver and thick silver medals that are a bit smaller than a half dollar. The most desirable of the Norse medals are the 47 gold medals, which are slightly smaller than the silver medals; while 100 were struck, sales did not meet expectations and 53 were melted.
This one, among the finest known, is graded Proof 66 by PCGS and has a green Certified Acceptance Corp. sticker. It sold for $32,900 on Feb. 4.
Keep reading this Market Analysis:
- Why a 1968-D Washington quarter sold for $8,812.50
- Proof 1902 Indian Head cent from 'Mr. Perfection' tops $22,000
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