Coin auction nets Ohio $3.2 million
Published June 14th, 2006
Ohio has started selling the rare coins that were part of an ill-fated state investment at public auctions, including a recent sale in California that generated about $3.2 million.
Superior Galleries, a California auction house, sold about 240 coins on behalf of the state as part of a Beverly Hills auction May 28-30. Several other auctions involving state coins are expected this summer and fall, said William T. Bodoh, the retired bankruptcy judge overseeing the liquidation.
It’s all part of the effort to recover as much as possible from the $50 million investment run by former Maumee coin dealer Thomas W. Noe, and officials are confident they will have about $40 million by the end of the year.
