This 18-karat gold TiffCoin by Tiffany & Co., is being offered by GreatCollections in a May 19, 2024, auction.
(Irvine, California) – April 29, 2024 – An 18-karat gold TiffCoin by Tiffany & Co., is being auctioned by GreatCollections on Sunday, May 19. The rare collectible is the first to be authenticated and graded by Professional Coin Grading Service (PCGS).
Only 499 were produced by the 186-year-old Tiffany & Co., and they sold out in a few hours on their website two years ago. A day before the gold piece’s release, Tiffany teased that the firm was launching TiffCoin as a new cryptocurrency, an announcement that was picked up by national media, including Forbes. But instead of offering a cryptocurrency, Tiffany produced this physical collectible in 18-karat yellow gold weighing 38.9 grams. The iconic Tiffany & Co., “T” from their logo has been enhanced with two horizontal lines similar to the Bitcoin logo.
“Tiffany successfully merged their luxury brand, physical gold, and the cryptocurrency collectibles category with this TiffCoin release. With such a low mintage, they are in very strong hands, as only one or two have appeared on the market since their release. We expect strong bidder participation in this auction,” said Ian Russell, president of GreatCollections.
The TiffCoin was graded PCGS MS67 and comes with the original packaging in pristine condition: the special Tiffany jewelry box in blue, folio, hand-numbered certificate of authenticity, and blue pouch.
Tiffany & Co., is not new to producing collectibles. For over 150 years, Tiffany medals have been made in bronze, silver, and gold covering a variety of topics, including college awards, memorial medals for New York firefighters, political medals for William Jennings Bryan, and many others. More recently, from 1973 until 2007, Tiffany produced silver and gold medals that could be spent in their stores on fine jewelry.
GreatCollections has sold two cryptocurrency-related collectibles for over $1 million each, including a 2011 25 BTC Casascius gold-plated piece for $1,698,750. Earlier this month, GreatCollections auctioned a 2012 1 BTC Casascius for $77,625.
By PCGS - April 29, 2024
Original link:https://www.pcgs.com/news/1st-pc ... ffcoin-by-tiffanyco |