Teletrade auctions

1931 St. Gaudens Double Eagle by Teletrade

Teletrade® Announces Premier Plus Auctions

1931 Double Eagle Sells For Record $88,480

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(Irvine, California) – Responding to the increasing demand for higher-value coins, Teletrade® has announced its Premier Plus program, an ongoing series of auctions by Internet and telephone every two months that offer certified coins with a retail value each of $1,000 or more.

“Our Premier Plus sale in mid-February included a 1931 Double Eagle, graded PCGS MS-65, that sold for $88,480, a Teletrade record for a gold coin,” said Ian Russell, Teletrade President.

“Our upcoming April Premier Plus auction will include a 1927-S Saint-Gaudens Double Eagle, graded PCGS MS-63. Collectors and dealers may not have thought of Teletrade for these kinds of high-end coins, but we again have special bimonthly auctions for buyers and sellers of exceptionally high-quality rare coins.” According to Russell, between 12,000 and 15,000 coins are purchased each month through Teletrade’s three-times a week online and telephone auctions, as well as special event sales.

Coins range in value from under $25 to $10,000 or more. “Coins listed in the Premier Plus sales are valued at $1,000 or more and will be available for lot viewing at major conventions. Consignments of high-quality coins for the next Premier Plus sale will be accepted until March 13. The lots then will be posted online and also can be examined in person at the Teletrade booth during the American Numismatic Association’s National Money Show™ in Atlanta, April 7 – 9,” Russell explained. “We offer sellers generous cash advances and competitive commission rates.”

Founded in 1986, Teletrade is America's largest fully-automated telephone and Internet auction company for certified coins. Teletrade, an Escala Group company, has 149,000 registered users and is one of the most frequently visited coin-related websites on the Internet.

Auctions are held every Sunday, Monday and Wednesday. For additional information, visit www.teletrade.com or call toll-free (800) 949-2646. ###

For immediate release February 28, 2006

News media contact: Ian Russell (800) 949-2646