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Lot 4618 |
1925 Medal Norse Gold PR66 PCGS. CAC....
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!
Number of Bidders
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Reserve (If Any) Not Posted Yet:
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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?
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.
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.
[+] Extended Payment Plan Details
- Minimum invoice total is $2,500.
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- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
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- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
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.
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- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
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Note: This offer may not be available on some items.
Terms and Conditions
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.
| Sold for: | Sign-in or Join (free & quick) |
| Auction Ended On: | Nov 30, 2012 |
| Item Activity: |
8 Internet/mail/phone bidders
3,094 page views |
| Location: |
George R. Brown Convention Center 1001 Avenida de las Americas Houston, TX 77010 |
Tied With One Other for Finest at PCGS
Making matters worse, the design as issued depicted Admiral Gaspard de Coligny and William the Silent, two men who had both been dead for decades at the time of the establishment of the American Dutch colony in 1624.
Opponents of the issue rightly pointed out that a federal coin issued to profit a religious organization violated the First Amendment, mandating separation of church and state.
The Norse medals of 1925 have an even more curious history.
One usually thinks of immigration of the various peoples of the world as occurring in waves of humanity over a period of decades or even centuries, depending on the identity of the groups in question. A quick Google search will lead one rapidly to references to Viking explorations of the northeastern coast of North America in the 10th century, the Leif Ericson voyages and settlements in Greenland, and so forth. But apparently, even though these settlements lasted for several hundred years, they did not lead to any permanent immigrations to North America by Norsemen. The site www.norway.org has this to say:
"Norwegian immigration to America in the post-Columbian era began in 1825, when several dozen Norwegians left Stavanger bound for America on the sloop Restauration (often called the 'Norwegian Mayflower') under the leadership of Cleng Peerson. The emigrants were primarily Quakers, though personal and economic motivations may have played a role. The ship landed in New York City, where it was at first impounded for exceeding its passenger limit. After intervention from President John Quincy Adams, the passengers moved on to settle in Kendall, New York with the help of Andreas Stangeland, witnessing the opening of the Erie Canal en route. Most of these immigrants moved on from Kendall, settling in Illinois and Wisconsin. Cleng Peerson became a traveling emissary for Norwegian immigrants and died in a Norse Settlement near Cranfills Gap, Texas, in 1865."
Even if this was a valid occasion for commemoration -- a point many numismatists would debate -- apparently the dustup over the Dutch coins from the year before was taken into account. Minnesota Congressman O.J. Kvale, of Minneapolis, wanted an actual commemorative coin but later revised his proposal to a medal. Even though the Norse medals are usually collected right alongside classic commemorative gold and silver coins, a search of some of the standard references on U.S. coins yields not a jot of information on them, an approach that strikes us as overly puristic. The Norse medals were struck in silver-plated bronze, silver (thick and thin planchets) and gold -- the latter to the extent of only 100 medals, 53 of which were later melted as unsold, leaving a net distribution of just 47 specimens. Most prospective buyers could not afford the purchase price for the gold pieces, about 20 dollars at the time.
The medals themselves are beautifully designed but seem confused as to what they celebrate, showing a Viking in all his barbarous vigor on the obverse, ship in background, along with the date 1825-1925, while the reverse shows the same ship with the notation AUTHORIZED BY CONGRESS OF THE UNITED STATES OF AMERICA A.D. 1000. We are not making this stuff up.
The present PR66 PCGS example with CAC sticker is one of only two in this grade with none finer at PCGS. NGC shows two each in PR66 and PR67, with a single PR68 the finest certified (11/12). The strike is razor-sharp over surfaces that appear mark-free, and the deep reddish-orange color adds further to the enormous eye appeal. This gorgeous gold medal would form a capstone on the "ultimate" commemorative gold collection. (PCGS# 9452)
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