April 22, 2005
This Week In Coin & Currency News
Over 3,300 Currency Lots at Central States
Grand Prize Winner of 2005 Heritage Survey Contest Announced!
Morse Collection Viewing at Central States
Seldom Seen Selections: Pattern 1916 Walking Liberty Half Dollar
Website tips: The New Bidding Page
Numismatic Glossary
Summer Interns Wanted!
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2005 June Long Beach Signature Auctions
Current Auctions: 2005 St. Louis, MO (CSNS) Signature Auction, 2005 (CAA) St. Louis, MO (CSNS) Signature Sale, The Tom O'Mara Collection of Fractional Currency, The Jim O'Neal Collection of United States Currency, Exclusively Internet Auction, Continuous Internet Auction, Internet Currency Auction, Amazing Sports Auction, Internet Movie Poster Auction, Amazing Comics Auction
Weekly Specials: Don't miss out on a great deal

Announcements

Grand Prize Winner of 2005 Heritage Survey Contest Announced!

Heritage Numismatic Auctions, Inc. has announced the winner of their 2005 Survey contest today. Dr. Kirk Mills, of West Bloomfield, MI, will receive a high-relief $20 Gold Piece. Additionally, there were five Second Prize winners, who may auction $100,000 worth of material with no Sellers Fee, and ten Third Prize winners, who may auction $50,000 worth of material with no Sellers Fee. Three Fourth Prize winners each won a Saint-Gaudens $20 gold coin.

Dr. Mills, who works as an emergency physician at a large urban hospital, collected coins as a boy, when his paper route gave him great access to change. He sold his collection in order to go to medical school, and had his interest in numismatics rekindled several years ago.

"I had reached a point in my life where I had a little disposable income, and collecting was now an option," Dr. Mills said. "As I looked around, there wasn't much going on in the art world, stocks weren't particularly exciting, and it was then that I rediscovered my interest in coins."

Dr. Mills' collection focuses on the $20 Type-3 Liberty Series. "I like these because they're large, gold coins with a great deal of historical significance," said Dr. Mills. "As post-Civil War, pre-Industrial era coins, they symbolize the Great West period. Originally, I became interested due to the purely practical considerations of collecting gold coins, but now I'm much more attracted to them on an aesthetic level."

"When Leo Frese called to tell me that I had won, I couldn't believe it," said Dr. Mills. "He offered me a choice between taking the high-relief or taking $10,000 in cash. Originally, I was going to take the cash, but, as I thought about it, I realized that the coin would be a life-long reminder of just how lucky I was, and that, over the years, it would mean much more to me than the money. I'm going to give the coin to my 9 year-old son, Wesley, for his birthday. Down the road, it can serve to either fund his college education or to further spur his interest in numismatics. Either way, he wins. By the way, Wesley is on track to become an excellent coin grader. He helps me grade my $20 Libertys, so maybe someday he'll wind up working for Heritage!"

"Speaking of Heritage," Dr. Mills added, "I was told by several dealers early on in my collecting experience that Heritage was more expensive and hard to deal with. As time went by, though, and I found myself spending more and more time on Heritage's website, I realized that they were my coin dealer, and that I was getting better material from them, at better prices, than I could ever get anywhere else. About a year ago, they made me a Legacy customer, which even further raised my opinion of them. Of course, winning this contest sealed the deal, and now I'm a Heritage customer for life!"

To fill out a Heritage survey and be entered into a drawing to win a Choice Uncirculated Saint-Gaudens $20 gold piece, Click Here.

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Collector News
Over 3,300 Currency Lots at Central States

Heritage Currency Auctions of America will present our 2005 (CAA) St. Louis, MO (CSNS) Signature Auction as the official currency auctioneer of the Central States Numismatic Society, with the auction anchored by two of the most important collections offered in many years, the Tom O'Mara Collection of Fractional Currency and the Jim O'Neal Collection of United States Type Notes. Also to be offered will be major holdings of Colonial Currency, Obsolete Currency, Error and Small Size Type Notes, and National Bank Notes.

The HCAA auction will take place May 5-7, at St. Louis' America's Center Convention Center, 701 Convention Plaza, St. Louis, Missouri. The convention center is also the site of the Central States Numismatic Society show, as well as the location for lot viewing for the CAA auction as well as other Heritage sales.

The Thursday evening session opens with an unusually broad selection of Continental and Colonial Currency, highlighted by a Vermont Colonial grading Extremely Fine and estimated at $20,000-up by the cataloguers. This is followed by a 200 lot selection of Obsolete and Confederate Currency, with the session concluding with a small but interesting selection of Military Payment Certificates and related items.

The Friday night session opens with 250 lots of Error Notes and Small Size Type Notes. This section is filled with rare and scarce items, including a pair of Large Size mismatched serial number type notes, a Gem Uncirculated 1933 $10 Silver Certificate, several serial number 1 Small Size Type Notes, and a pair of $5,000 Federal Reserve Notes.

This is followed by the Tom O'Mara Collection of Fractional Currency, an 800 lot extravaganza which is the finest collection of Fractional Currency ever formed. It contains by far the nicer of only two complete sets of regular issue notes by Friedberg number in existence, over 60 inverts, including a number of unique pieces, over 100 courtesy autographs, virtually complete sets of both Wide and Narrow Margin Specimens, and President Andrew Johnson's own Fractional Currency Presentation Book. It also includes a magnificent assortment of over 100 Experimentals, Essays, Proof, and Progress Proofs, including over 15 ultra-rare Negative Essays. This will be an event that will be remembered by Fractional collectors for many years to come.

The Saturday night session is led off by the Jim O'Neal collection of War of 1812 and Large Size Type Notes. This collection is so replete with rarities that the abbreviated mention here scarcely does it justice, but contains a plethora of early pieces including the unique fully issued and uncancelled Act of February 24, 1815 $3 note. While most standard currency texts leave collectors with the impression that between the Revolutionary War and 1861 there was literally no Federal Currency, the O'Neal Collection proves exactly the opposite was the case, as it contains not only a superlative selection of War of 1812 issues but also a quartet of U.S. Loan examples from the 1830's and 1840's. These precede a trio of high-grade Demand Notes, a virtually complete high-grade type set of Legal Tender Notes, and a denomination set of Compound Interest Treasury Notes.

A true labor of love and one of Mr. O'Neal's collecting passions was the Interest Bearing Notes issued to fund the Civil War from early 1861 through 1865. His collection will mark the finest offering ever of these excessively rare notes. The Silver Certificates, Treasury Notes, and Gold Certificates will also offer an assortment of rarities, highlighted by the first Silver Certificate ever issued, the serial number A1 Fr. 306b $20 1878 bearing the Wyman countersignature.

Highlights of the O'Neal Collection include:

The auction concludes with an offering of nearly 800 lots of National Bank Notes, highlighted by the National Gold Bank Note holdings of Jim O'Neal. There are numerous serial number 1 notes and sheets, a run of Illinois Nationals, and a group of newly discovered Texas Nationals, which includes a host of never before offered large size rarities.

For further information about this sale, call Allen Mincho at 1-800-872-6467, ext. 327 or Len Glazer at 1-800-872-6467, ext. 390. Or visit www.HeritageCurrency.com and click on the "Sell" tab. Or simply email Allen Mincho at AllenM@HeritageCurrency.com or Len Glazer at Len@HeritageCurrency.com.

This auction is now open for bidding at www.HeritageCoins.com.

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Morse Collection Viewing at Central States

Heritage Numismatic Auctions, Inc. is proud to announce the finest collection of Saint-Gaudens Coinage to ever be auctioned - the magnificent Phillip H. Morse Collection!

An owner and the vice chairman of the world champion Boston Red Sox, Mr. Morse is also a consummate numismatist, and Heritage will be offering his incredible collection of nearly 600 Saint-Gaudens $10 and $20 gold pieces in Dallas during November 2005.

Mr. Morse grew up in Danvers, Massachusetts. After graduating from the University of Maine in 1964, Mr. Morse worked at Liberty Mutual Insurance Co. In 1969, he founded North American Instrument Corp., which developed the Morse Manifold - the first fluid delivery system for coronary angiographies. The Morse Manifold, manufactured by NAMIC USA Corp. (now part of Pfizer), is used in the vast majority of cardiac catheterizations around the world.

In addition to his interest in the Red Sox, Mr. Morse enjoys golf, especially playing in Scotland, and in Palm Beach at the club he co-founded with his friend Jack Nicklaus. Mr. Morse also founded Heritage Creations Inc., which provides services and products to golf clubs, yacht clubs, resorts, and exclusive specialty stores worldwide.

Mr. Morse's collection of Double Eagles might best be described as staggering. Short of the uncollectible 1933, no coin in the series is as fabled as the 1927-D, a legendary rarity missing from even the tremendous North Shore collection we recently had the privilege to sell. Of the perhaps one dozen or fewer known specimens of this date, only one - this coin - boasts a grade as high as MS67. The 1907 Ultra High Relief, a coin that simply must be seen to be fully appreciated, boasts a grade of Proof-69, just a whisper away from perfection. Many other coins in this collection are unexcelled, with several standing alone at the top of the pack as the finest known specimens of the date.

Now, you have a chance to view these numismatic treasures. Heritage will be bringing these coins, along with the Jules Reiver collection, to our upcoming auctions according to the following schedule:

Central States, St. Louis, MO, May 5-7
Long Beach, June 2-4
New York, June 29-30
ANA, San Francisco, July 26-30
Long Beach, September 22-24

Stay tuned for more information about the Morse Collection as it becomes available!

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Seldom Seen Selections: Pattern 1916 Walking Liberty Half Dollar

Heritage Numismatic Auctions, Inc will offer an 1916 Walking Liberty Half Dollar, Judd-1991, formerly Judd-1798, Pollock-2056, High R.7, PR63 PCGS, in our upcoming Signature Auction, to be held May 4-7, 2005 as part of the Central States Numismatics Society convention to be held in St. Louis, MO.

This is one of only four known examples of Judd-1991, making it a remarkable opportunity for both pattern specialists and Walking Liberty Half Dollar collectors. One of the four examples is in the permanent collection of the Smithsonian Institution in Washington, DC, making it unlikely that it will ever enter the open market. Only three pieces, therefore, are available to collectors, a population identical to the famous 1913 Liberty Nickel.

Struck in the matte proof format favored by mint officials of the era, this silver-gray specimen is unmarked and best identified by a small number of short mint-made lintmarks on Liberty's skirt. Fully struck in silver with a reeded edge, Liberty's head and branch hand have definition uncommon to the eventual business strikes of the modified type. Judd-1991 is believed to be the earliest among the six varieties of pattern 1916 Walking Liberty Half Dollars. The two major devices are very similar to their adopted counterparts but are somewhat smaller in scale. HALF DOLLAR is on the upper reverse instead of the reverse exergue, and E PLURIBUS UNUM is on the lower reverse instead of its usual position above the pine sapling. Unlike Judd-1992, LIBERTY is not fixed above the motto, but is distributed across the upper obverse border. Additionally, no AW monogram is present.

The chance to acquire a specimen of this issue may not come again for many years, and Pattern collectors and Walking Liberty Half specialists should seriously consider the opportunity to add this piece to their collection.

This lot and the rest of the 2005 St. Louis, MO (CSNS) Signature Auction are open for bidding now at www.HeritageCoins.com.

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Website tips: The New Bidding Page

If you've been to the Heritage website in the last week or so, you may have noticed a change in the way you place bids. We've streamlined the process a little bit in order to reduce the clutter on the page, but the bidding system works essentially the same as always.

The new bid page looks very much like this:


On the left, you'll see a small image of the lot in question, in this case a 1882-CC dollar in a PCGS green label holder. Right below the header is the bid box, which we'll cover in a bit. Below are the name of the auction, the type of auction (Signature or Internet Only), the number of bidders, the reserve status, the time remaining, a note about sales tax, and the description of the item for shipping purposes. New to Heritage websites, the time remaining to bid is dynamic; go to any item page and you'll see it counting down to zero. For this lot with its two week bidding time remaining, we recommend that you don't watch it until it counts all the way down.

In several places on this page, you'll see the icon (http://www.heritagecoins.com/common/images/Questionmark.gif). Simply roll your mouse over the icon (no click necessary), and you will receive an explanation of the Buyer's Premium, the number of bidders, or the Reserve Status.

The bidding procedure has also changed a little. Now, if you wish to place a bid, just enter the dollar amount you wish to bid under Secret Maximum Bid. This header will show you the minimum you must bid; as always, you may bid any amount above the minimum. Click on the "Place Bid" or "Place Absentee Bid" button to continue.

Now, the bid box will ask you for your User Name and your password. This is a very quick process which does not require opening up a separate web page. Enter your User Name (or e-mail address in our records if you prefer) and password, and click on the "Place Bid" or "Place Absentee Bid" button to continue.

From here, everything works exactly the same way as it has before. The next page will ask you to confirm (or cancel) your bid, letting you know if you are already the high bidder on the item and perhaps subject to a risk of increasing the current bid. Then, after you confirm your bid, you will be told whether you are the high bidder or whether a previously placed secret maximum bid has outbid you. In any event, the page will also notify you of the current bid on the item.

Good luck!

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Numismatic Glossary:

Slug: (1) A featureless disc of metal about the size of a coin, sometimes used in vending machines in an attempt to avoid using real money. Not to be confused with a Barber coin that has been worn flat.

(2) A heavy gold coin or ingot with a face value of $50, such as a Pan-Pac Octagonal commemorative. A terrific paperweight for the collector who has everything.

Nickel: (1) Commonly used term for the US 5 Cent Piece issued from 1866 to date. The coin actually contains only 25% nickel, with the remainder being copper. Wartime Nickels, minted 1942-45, are the same size as the copper-nickel 5 cent pieces made before and since, but contain no nickel at all.

(2) A hard metal, usually in alloy, used to make coins. Flying Eagle Cents and Indian Head Cents made 1864 and earlier (easily distinguishable from the later bronze composition both by the color and by the fact that the copper-nickel cents are much thicker) contain 12% nickel and 88% copper. These coins were called "nickels" or "nicks" when first introduced. Three cent pieces made from 1865-1889 and Five cent pieces made from 1866-1942 and 1946 to date contain 25% nickel and 75% copper. Susan B. Anthony dollars, clad dimes, clad quarters and Eisenhower dollars except the 1776-1976 Silver Clad, and clad halves made 1971 to date except the 1776-1976 Silver Clad are made of two strips of 25% nickel and 75% copper sandwiched around a layer of pure copper. Nickel is also used in varying alloys in coinage around the world.

Often misspelled "Nickle".

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Announcements

Summer Interns Wanted!

Heritage Rare Coin Galleries and Heritage Numismatic Auctions, Inc. are now accepting applications for interns for next summer. Here's your chance to work for the world's largest Rare Coin Dealer. If you are at least 18 years old, attending school and have a good background in numismatics, then join us in Dallas for the summer! Contact Paul@HeritageCoin.com with an informal resume of your experience and any accomplishments in numismatics.

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Coin Club Outreach Program

In a move to help strengthen the coin hobby and increase membership in America's coin clubs, Heritage has created the Coin Club Outreach program.

The Coin Club Outreach program features a speaker's bureau to deliver presentations at coin club meetings, promotional items to be offered to clubs to help generate revenue and enlist new members, and access to the Heritage website and mailing list of over 100,000 active coin and currency enthusiasts. Anyone interested in scheduling a speaker for a coin club or other collector group is invited to contact:

David Lisot, Director
Heritage Coin Club Outreach
DavidL@heritagecoins.com
1-800-872-6467 ext. 303

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Heritage Interactive
Instant Quiz

NEW: Instant quizzes and polls twice a week at www.heritagecoins.com!

Answer these quick questions and see how you stack up against your peers.

1. What was the first year of the American Eagle Bullion series of coins?
       1976
       1982
       1984
       1986
       1987


2. Which coin is pictured in this Pan and Zoom closeup?

       1673 Lord Baltimore Sixpence
       1673 Pine Tree Shilling
       1923 Monroe Doctrine Half Dollar
       1936 Elgin Half Dollar
       1936 Rhode Island Half Dollar



Last week's questions:

1. What was the highest mintage commemorative Half Dollar minted in 1936?
Correct Answer: 1936 Long Island (22%).

2. What is the date of the coin pictured in this Pan and Zoom closeup?

Correct Answer: 1879 (45%). This is the "Capped Die" variety, actually a Large CC over a Medium CC with a considerable amount of die rust near the mintmark.

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Is It Time To Sell?

Long Beach Then and Now

Our February Long Beach Signature Auction, which took place on February 23-26, was our best ever as official auctioneer of the Long Beach Coin and Collectibles Expo, realizing over $17 million. Total proceeds for the weekend exceeded over $18 million, after adding our Bullet Auction, which brought in over $1 million in its own right. 2005 is already proving to be our best year ever with one strong sale following another.

Here at Heritage we're not about to rest on our laurels. In June, we're returning to Long Beach, bringing more great coins to an appreciative public in Southern California and to our base of over 140,000 Internet Bidders. The offerings in our June Long Beach Signature Auction, to take place on June 1-4, will again be outstanding. While our Signature Auctions are known for their quality, sometimes a coin comes along that makes us say, "Wow," and we have such a coin in this auction. For the first time, it will be our privilege to offer an example of the legendary 1838-O Half Dollar at a public auction. Graded Proof-64 by PCGS, this fabulous coin is one of perhaps ten pieces known, with none certified finer by either grading service.

To include your important coins in our Long Beach Signature Auction, please call our Consignor Hotline at 1-800-872-6467, x222. The consignment deadline for US coins is April 25, so please call today!

2005 June Long Beach Signature Sale
Sale on June 1 to June 4, 2005
Consignment Deadline: April 25, 2005

Leo Frese
Director of Consignments
Leo@HeritageCoins.com
1-800-US-COINS ext. 222 (24 hour voice mail)

Interested in Selling?
What's My Coin Worth?
Get the Most Money for Your Collection
Consign to a Heritage Auction

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Current Auctions

Internet
Only
Auctions


Rare Coins
Closes Tue. Apr. 26
at 10:00 PM
View Lots
Rare Coins
Closes Sat. Apr. 24
from noon to 10:00 PM
View Lots
Rare Currency
Closes Sat. Apr. 30
at 10:00 PM
View Lots

Rare Coins
Location: St. Louis , MO
Auction: 2005 St. Louis, MO (CSNS) Signature Auction #372
Auction Dates: May 4 - 7, 2005
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.
Browse Lots by Category

Rare Coins
Location: St. Louis , MO
Auction: 2005 (CAA) St. Louis, MO (CSNS) Signature Auction #374
Auction Dates: May 5 - 7, 2005
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.
Browse Lots by Category

Rare Coins
Location: St. Louis , MO
Auction: The Tom O'Mara Collection of Fractional Currency
Auction Dates: May 6, 2005
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.

Rare Coins
Location: St. Louis , MO
Auction: The Jim O'Neal Collection of United States Currency
Auction Dates: May 7, 2005
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.

HeritageSportsCollectibles.com
Sports cards, autographs, collectibles, and more...
Closes Sunday, April 24, 2005 at 10:00 PM
View current auctions.

HeritageMoviePosters.com
Movie posters, lobby cards and more...
Closes Sunday, April 17, 2005 at 10:00 PM
View current auctions.

HeritageComics.com
Comics, comic art and more...
Closes Sunday, April 17, 2005 at 10:00 PM
View current auctions.


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Weekly Specials

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