CNG Returns Ancient Coins From Upcoming Keystone 3 Auction to Yale University

By Classical Numismatic Group (CNG) ……
 

Classical Numismatic Group (CNG) is canceling our feature auction Keystone 3, which was to take place this Wednesday, February 17. During the past week we have been in conversations with Yale University about select coins in this sale. It appears that six coins in Keystone 3 came from an excavation sponsored by Yale University at Dura-Europos between 1928 and 1937. We believe these coins are the property of Yale University.

Further discussions with Yale indicate that other coins in the Keystone 3 sale may also have originated from the Yale collections. The university did de-accession duplicate coins from its collections over a period of time during the mid-20th century, but Yale believes that the coins in the Keystone sale were not part of their formal de-accessioning.

As a result of discussions between Classical Numismatic Group and Yale University, we have reached an agreement whereby the coins will be returned to Yale. CNG has offered Yale assistance in cataloging the coins.

We know that many bidders have worked hard at putting together bids for this auction. We truly apologize to you for your effort. At the end of the day, after all of the information was evaluated, we reached a cordial agreement with Yale and believe that we made the correct decision.

We humbly thank all of our bidders for their understanding.

Sincerely,

Mike Gasvoda
Managing Director
CNG LLC

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About CNG

Since 1975, Classical Numismatic Group, LLC (CNG) has dedicated itself to serving the needs of collectors in the fields of ancient, medieval, and British numismatics. We aim to help you build your collection at reasonable prices, to supply the books that enable you to increase your knowledge and understanding, and – when the time comes – to help you sell individual items or your entire collection. When you become a customer of our firm, we hope that it is for the long term.
 

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