Chatelaine Goes Home to Korea|
May 13, 2009
The sale of a ceremonial Korean wedding chatelaine was among the near 3,000 lots that contributed to the $1,510,300 total realized by Ponterio & Associates' official Chicago International Coin Fair auction April 23-25 at the Crowne Plaza Chicago O'Hare in Rosemont, Ill.
Chatelaines were given to brides on their wedding day, adorned with amulets for protection and coins for good luck. This large chatelaine, circa 1800s, has 17 attached strings containing amulets and coins with silk and cloth stringers.
The strings contain 129 pieces total consisting of amulets, 1-mun coins, 5-mun coins and 100-mun coins, some of which are seed coins. The item is rare and in a nice state of preservation, according to the firm.
Spirited bidding brought well above the $500 to $1,000 catalog estimate, realizing $23,000 from a Korean buyer who intends to return the chatelaine to its home country.
A paper money lot also attracted the spotlight during the sale. A Panamanian 50-pesos from Banco de Panama, circa 1869, P-S725, with low serial number "0010" realized $37,375.
Listed as Very Fine with a catalog estimate of $3,000 to $4,000, the lot realized well above that as a result of lively floor bidding from some enthusiastic collectors.
One of the key collections of the auction was "The J.S. Morgan Collection of Early Russian Banknotes" that featured early 19th to early 20th century bank notes. The collection yielded another highlight: an 1882 Russian 100 rubles note, P-A53, that realized $21,850.
Among other noteworthy world coin lots was a Caligula and Germanicus aureus from the Rome Mint ca. 37-38 CE that brought $11,500.
Selling for $9,775 was a 1764 Russian Catherine II 5-roubles coin from the St. Petersburg Mint. It far surpassed its estimate of $1,500 to $2,000.
A Brazilian Maria I 1790-B 6400 reis (peca) went for $9,200. Its estimate was set at $5,000 to $6,000.
"We were pleased to offer an extensive selection of coins and currency from around the world, including some standout collections and some very special items that are not often seen at auction, like the Korean chatelaine," said Richard Ponterio, executive vice president and founder of Ponterio & Associates.
"Bidding was very active from multiple countries and it was wonderful to see so many eager collectors participate in the auction and the convention."
Prices realized for all lots in the auction are available online at www.bowersandmerena.com.
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