Ruby Earrings, Diamond Bracelets and Indian Head Gold Coins in Government Auction’s May 20 Auction

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A stunning pair of 8.50 CT Ruby & Diamond Earrings is one of the major headliners in a 700 lot auction of fine jewelry, gold coins, art and collectibles to be offered at Government Auction’s May 20 sale.

8.50 CT  Ruby & Diamond Earrings

8.50 CT Ruby & Diamond Earrings

The $3 Indian Princess is a rare coin not usually found at auction." stated Paul Sabesky, Chief Auctioneer.

An auction highlight is Lot# 559532, a pair of 8.50 CT Ruby & Diamond Earrings are set in an royal design of white gold mounted with two large oval faceted rubies surrounded by 42 round diamonds and 16 smaller additional rubies with an estimated low value of $4,500. This item currently has a high bid of only $110.

Another major draw in this auction is the quality of gold coins offered. A rare gold coin for auction is a 1854 U.S. $3 Indian Princess Gold Coin. "The $3 Indian Princess is a rare coin not usually found at auction." stated Paul Sabesky, Chief Auctioneer. Designed by James Longacre, this is the first year of coins minted in the $3 amount and design. The coin features an Indian Princess with a plume like headdress on front and the reverse contains the date of mintage within a wreath with the words "3 Dollars." There were only 138,618 pieces of this coin struck in 1854.

A simple, yet elegant 14 kt. White Gold, 9.19CT Round Cut Diamond Tennis Bracelet is already garnering a number of bids. The seven inch bracelet is composed of a ribbon of 45 round brilliant cut diamonds mounted in white gold with a concealed clasp and safety bar. Tennis bracelets owe their name to famed tennis player Chris Evert who had been wearing an expensive diamond bracelet that featured an inline string of individually set diamonds during a match. When the clasp snapped during play she asked the officials to stop the tennis match until the bracelet could be found.

Additional fine jewelry highlights include a 3.83CT Tanzanite 1.25 Diamond Ring, and a number of luxury watches including a 2.25 CT Diamond Lalanne Swiss Watch.

Government Auction’s Sunday, May 20, 2012 auction event will commence at 7:30 a.m. Pacific Time/10:30 a.m. Eastern Time.

Absentee, phone and Internet live bidding through will be available. For additional information on any lot in the sale, call Debbie on 661-823-1543 or e-mail info(at)governmentauction(dot)com.

To view this auction please click the link below

Official Auction - High End Assets Sale - Sunday, May 20, 7:30 AM PST

About Government Auction:
Government Auction was founded as a general resource to buying assets such as jewelry , gemstones, memorabilia, collectibles, art, prints, antiques, and vehicles throughout the United States. Most people don't realize there are hundreds of thousands of assets and valuables that are seized everyday and made available through various resources. Many of these confiscated assets are passed on to us for immediate liquidation. Some examples of how we acquire requisitioned objects are from bankruptcies, IRS, estate sales, trusts, and more.

Government Auction is the largest company of its kind and the only one in the United States that works closely with these agencies to acquire literally thousands of assets and confiscated goods, such as Ruby Gemstones, Sapphire Rings, and Men's President Rolex Watches, Mercedes Benz, and Gold Coins. In most cases we acquire these treasures at a fraction of their actual retail value. Once acquired these items are liquidated through the auction site. Clients are made up of just the everyday person who wants to buy a Diamond Bracelet, Pearl Strand Necklace, Sterling Silver Pink Sapphire Earrings, Oval Cut Emerald Gemstone Parcel, Remington Bronze Reissue at an unbeatable price.

All assets that we offer are normally at a 30% - 60% savings to the client. What this means is consumers are making a good investment immediately. By purchasing assets cheaply people can make a sizeable profit if they decide to resell it later on. Government Auction is one of the most reputable jewelry and gem clearinghouse company in the U.S., with over 20 years of experience.

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Chris Budge
All Finance, LLC
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