24 Sep 2011

Coin auction records broken

8:06 am on 24 September 2011

Record sales have been achieved at an auction of collectable coins and banknotes in Wellington.

Some $350,000 worth of collectables were sold at the auction on Friday.

Collections of stamps are expected to bring the total to more than two million on Saturday.

Mowbray Collectables says the auction has been running for 10 years and every year the prices have gone up.

In the current economic climate, owner John Mowbray says buyers see collecting coins and banknotes as a good investment rather than just a hobby.