Noble Investments (UK) PLC New York Coin Sale Result and Trading Update

Noble Investments (UK) PLC New York Coin Sale Result and Trading Update

The Directors of Noble Investments UK Plc, the international rare coin and stamp dealer and auctioneer, are pleased to announce that aggregate auction sales (including buyers' premium) of approximately $31 million were achieved at 'The New York Sale' last week. This sum includes approximately $25 million from the sale of the Prospero Collection of ancient Greek coins.

As a result of this excellent result, the Directors expect that Noble's performance for the six months ending 29 February 2012 will significantly exceed the prior year's corresponding period and the year ending 31 August 2012 will also be ahead of current market expectations.

In addition, the Directors are delighted to announce that Noble's subsidiary, A. H. Baldwin & Sons Ltd, has been chosen to auction two very significant coin collections during 2012 and 2013.

The first is the multi million pound Bentley Collection, which, with over 1,200 coins, is one of the most complete runs of Milled British and Colonial Branch Royal Mint Sovereigns to come to auction for many decades and will be auctioned in London in three parts commencing May 2012 and concluding May 2013.

The second is a multi million pound collection of Classic rarities of Islamic coinage. Consisting of over 4,000 coins, the series of auctions will be in London with the first one taking place during London Islamic week in April 2012.

Ian Goldbart, Managing Director of Noble, commented: "This pipeline of auction consignments stretching over the next 18 months demonstrates the high regard with which Baldwin's is held within the numismatic collector's community and represents an important base of revenue for the Group going forward into 2013."

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