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Lot 4397 |
1895 $1 PR66 Cameo PCGS....
2012 November 29 - December 2 US Coin Signature Auction - Houston #1177
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Bid Information
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Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a consignor reserve.
(Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Opening Bid:
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?
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Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% (minimum $40 per lot) of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 17.5% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid:
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
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Extended Payment Plan for Heritage Owned Inventory Items
(excludes Virtual Bourse, Comic Market and Virtual Sports Show)[+] Extended Payment Plan Details for Heritage Owned Inventory Items
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Interest is calculated at only 1% per month (12% annually) on the unpaid balance, and must be kept current.
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
All traditional sales policies still apply. Due to the nature of the business and market volatility, there is no return privilege once you have confirmed your sale, and penalties can be incurred on cancelled orders.
SMS Alerts
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Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
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| Auction Ended On: | Nov 30, 2012 | |
| Item Activity: |
12 Internet/mail/phone bidders
 7,260 page views |
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| Location: |
George R. Brown Convention Center 1001 Avenida de las Americas Houston, TX 77010 |
Among the Finest Cameo Examples Certified
This means that the legions of Morgan dollar collectors who need an 1895 Philadelphia coin must buy a proof. The drive to completeness that fuels many a collector will not allow him or her to know of an issue that exists and not possess one.
As we have observed before on more than one occasion, the 1895 Morgan dollar proofs are in and of themselves no rarer than any other proof issue in the series, all of which saw annual production figures in the several hundreds to a bit more than a thousand.
It is the absence of business strikes that makes the proof 1895s so special, so noteworthy.
The unusual dual nature of the 1895 Morgan dollar can even be discerned in a reference such as The 100 Greatest U.S. Coins, where the issue is ranked 66th -- and the 1893-S circulation strike is ranked 83rd. Authors Jeff Garrett and Ron Guth write that "because of the great demand for this date, prices for 1895 Silver Dollars are considerably higher than for Proofs of other dates of comparable mintage."
So, the question occurs to us: How much is nothing worth? In the case of the 1895 proof Morgan dollar, apparently quite a lot. The value of this example of the 1895 dollar is seen in its inherent beauty and remarkable preservation. The untoned surfaces are deeply mirrored with thick mint frost over the devices, setting up the strong cameo contrast. The surfaces are essentially as-struck; the only pedigree identifiers are a tiny speck of die grease on the end of Liberty's nose and a couple of even smaller ones on the lower part of the cap. Population: 4 in 66 (1 in 66+) Cameo, 5 finer (10/12).(Registry values: N10218) (PCGS# 87330)
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Service and Handling Description: Coins & Currency (view shipping information)
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