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Teletrade® Sets Record With ANA Vegas Auction
Irvine, California, November 7, 2005 - Teletrade, an Escala Group company (NASDAQ: ESCL), and America's largest fully-automated telephone and Internet auction company for certified coins, recorded the largest sale in the company's 19-year history during its two-day auction in conjunction with the American Numismatic Association Coin, Stamp & Collectibles Show in Las Vegas. The prices realized exceeded $1.2 million, reflecting the tremendous growth of the company.
"On the first day of the show alone, we realized more than $735,000 in winning bids, shattering our previous record. The two-day total was $1,244,081 for the 3,644 lots offered in the sale. Nearly 1,300 bidders participated, many of them taking part in a Teletrade auction for the first time," said Ian Russell, Teletrade President. "It was an overwhelmingly successful joint effort by Teletrade and the ANA, and there were many positive comments from collectors, investors and dealers. We reached many new potential bidders and consignors, and we are extremely optimistic about the continuing strength of the rare coin marketplace."
As the Official Internet Auction of the recent ANA's Las Vegas show, October 28 - 30, 2005, the sale featured several notable consignments including the Capri PCGS Set Registrysm of Peace Dollars and the Mid-West Collection of Type Coins. Two prominent proof Morgan Dollars from the famous Excalibur Collection also were in the sale.
As the Official Internet Auction of the recent ANA's Las Vegas show, October 28 - 30, 2005, the sale featured several notable consignments including the Capri PCGS Set Registrysm of Peace Dollars and the Mid-West Collection of Type Coins. Two prominent proof Morgan Dollars from the famous Excalibur Collection also were in the sale.
After the sale, ANA Executive Director Christopher Cipoletti stated: "This was a first for the ANA and Teletrade, and the partnership worked well to the benefit of buyers and sellers."
Highlights and prices realized of the ANA Las Vegas show auction included:
1860-C $2.50 gold, NGC MS-61, $18,480;
1908-S Half Dollar, Price Collection, PCGS MS-67, $14,560;
1928-S Peace Dollar, PCGS MS-65, $14,560;
1838-D $5 gold, NGC AU-58, $14,560;
1883 proof $2.50 gold, PCGS PF-64 Deep Cameo, $14,000;
1842-D $5 gold Large Date, NGC AU-55; $14,000;
1907 $20 High Relief, Wire Edge, PCGS AU-50, $10,976;
1895 Quarter Dollar, PCGS MS-67, $10,752.
A total of 13 Teletrade auctions are scheduled in November, including the Premier Auction on November 27 that will feature a complete set of silver commemorative coins.
For additional information, visit www.teletrade.com or call toll-free (800) 949-2646.
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