May 20, 2005
This Week In Coin & Currency News
Bidding for Long Beach is Open!
The Empire State Collection
A World of Money: 1643 Charles I Gold Triple Unite, Oxford Mint
Website tips: Watch Auctions Live!
Numismatic Glossary
Summer Interns Wanted!
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2005 San Francisco, CA (ANA) Signature Auction
Current Auctions: 2005 (HWCA) Long Beach Signature Auction, 2005 June Long Beach Signature Auction, 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

Collector News
Bidding for Long Beach is Open!

Heritage Numismatic Auctions, Inc will hold our upcoming Signature Auction on June 2-3, 2005 in Long Beach, California, as official auctioneer of the Long Beach Coin Expo. The sale will feature more than 3,000 lots, including some fabulous rarities. Chief among these, perhaps, is the legendary 1838-O Half Dollar. Graded PR64 BM (for "Branch Mint") by PCGS, this coin is unsurpassed by any of the dozen or so other specimens known.

Aficionados of high quality 18th century US coinage will find much to appreciate in this auction. Two such coins in particular bear special attention as the finest Heritage has ever had the privilege to offer at auction. Over the last year or so we've offered a number of 1794 dollars, but none of them has been the equal of the piece presented in this auction, perhaps conservatively graded MS61 by NGC. Equally important for this issue, this coin boasts a strong strike and a noticeable lack of the adjustment marks so often seen on early US silver.

We are also delighted to offer a 1796 Half Dollar, Fifteen Stars. Grading MS63, this is not only the finest coin of the date and variety we've ever offered, it is the first uncirculated piece we've ever offered to represent the rare Draped Bust, Small Eagle Half Dollar type. The 1792 Half Disme in this auction grades MS63 and is only matched in Heritage's auction history by a solitary coin we auctioned way back in 1995.

The Western Hills Collection we featured last week features extensive holdings in Three Cent Nickels and Patterns, among many other great coins. Other fine collections comprising this auction include The Dr. Theodore Almquist Collection, The Clifford Columbus Collection, The Empire State Collection (featured below), The Dr. Kurt Peters Collection, and The Larry Rausch Collection of Errors, Part Five.

Bidding on these auctions has already begun at HeritageCoins.com. Take a look at some of our other highlights!

As usual, our connected Bullet Auction will provide lot viewing in Long Beach and bidding over the Internet at HeritageCoins.com. Featured in this auction will be the William Bland Collection, a complete collection of the top 50 Peace Dollar VAMs.

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The Empire State Collection

Heritage is proud to feature the Empire State Collection among our anchor collections in our upcoming Long Beach Signature Auction, taking place in California on June 2-3. The consignor of the Empire State Collection started collecting coins as a very young man, focusing on "the usual cents, nickel, and dime folders that we were all busy filling." He took a 20 year hiatus after his marriage, but then became a much more dedicated numismatist.

For the last quarter century, the consignor of this collection has been pursuing rarities, often trying to complete mintmarked type sets. After most of a lifetime pursuing rare coins, he still thinks it is a great hobby, and he recommends that everyone, regardless of financial ability, find an area in which to collect. We couldn't agree more!

Unlike many of our featured collections, this is not a type set. A look at the coins in the Empire State Collection shows that virtually every piece being offered is a rare or key date coin, and date collectors looking to complete sets in many different series should take a close look at the offerings from this collection. Seated coinage specialists, for example, will recognize the rarity of the 1874-CC dime, which in this collection is represented by an NCS-encapsulated specimen with AU details. Despite the fact that it has been cleaned, this is among the finest of this rare issue we have ever offered. Other key CC-mint Seated coins from this collection include the 1871-CC, 1872-CC, and 1873-CC (With Arrows) dimes, the 1870-CC and 1873-CC (With Arrows) quarters and the 1874-CC Half Dollar.

Early gold is also well-represented in this collection, as are 19th century proof-only issues in series such as Trade Dollars and Twenty Cent Pieces. More recent and prominent key date coins in this collection include the 1916 and 1918/7-S Standing Liberty Quarters, 1916-D Mercury Dime, and 1896-S Barber Quarter.

Highlights from this collection include:

Bidding on this collection is now open at www.HeritageCoins.com.

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A World of Money: 1643 Charles I Gold Triple Unite, Oxford Mint

This classic type was struck at the Oxford "castle mint" from 1642-1646, when the town was finally surrendered to Cromwell's army, literally at its gates. It is the largest English gold coin ever struck, with a face value of sixty shillings, and it must have been made primarily to enable the fortified town to purchase provisions for the king's army.

Unsurprisingly, the coin was also struck to make a political statement, which must have been obvious to all: that royalty meant wealth (the hefty weight of the coin alone said this), power (the king holds a long sword before his face), a concession to peace if it could be had (the king's other hand holds the olive branch), as well as the king's declaration of sovereignty, of his divine right to be royal, in the scrolled legend on the reverse (the Latin translates as "The religion of the Protestants, the laws of England, and the liberty of the Parliament"), which was the central message of Charles' famous "declaration" to the Privy Council at Wellington of 19 September 1642, which of course was also a challenge to Parliament in London to remain loyal, to do its duty to king and country.

But of course Parliament had sided with the new "Protector," Oliver Cromwell, who led the land through a terrible civil war, at the end of which the king was beheaded as a traitor to the nation, as a tyrant, at a time when civic power was transferring to a sort of democracy whereby representatives of "the people" (which in 1642 did not mean the citizenry at large but rather the powerful landed gentry and their families) would make the laws of the land and the king who followed (Charles II, in 1660) would be increasingly a figurehead ruler. Thus this coin represents, as well as any coin could, the transition of power in a country which, to this day, remains overwhelmingly loyal to its sovereigns, and celebrates their history.

This is a truly amazing piece, fully struck with gleaming mint luster, and graded MS63 by NGC. Besides the fact that this is the rarest type of Oxford Mint Triple Unites, the condition is incredible for this large gold coin and it is, by far, the finest example that we have seen of any Triple Unite type, far surpassing the XF45 piece that sold for $29,900 in our January New York auction. We doubt if you will see another to equal this fabulous Charles I gold treasure.

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Website tips: Watch Auctions Live!

As you're no doubt aware if you've participated in them, Heritage Signature Auctions consist of Internet bidding combined with a live auction session, sometimes here in Dallas, and sometimes at locations around the country. One of the questions we're often asked by both bidders and consignors is how to keep track of what an item actually sells for during the live session. Now, live from New York (or Dallas, Long Beach, or San Francisco), Heritage will give you hammer prices as they happen!

To see live hammer prices, go to the home page for the Heritage Signature Auction that interests you. From HeritageCoins.com, click on the catalog image for the auction; from other portals you will first need to click on the catalog image on the left of the home page, then when a similar image opens on the right, click on that. This will bring you to a possibly familiar page much like the following:



Now, though, all you will need to do is scroll down, and you'll see a listing of five lots - the most recent three to sell, with hammer price, and the next two to come to the block, with the current opening bid:






Every five seconds or so, this page will automatically update. Just watch as the lots sell!






These results are updated at the site of the auction as soon as they happen, and are the only live results to tie directly into our official records.

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Numismatic Glossary:

Ingot: A piece of metal in a standard shape for storage or use. While this can apply to any metal, from a numismatic standpoint ingots generally contain an amount of precious metal, and are used for turning wealth into something portable. Examples of collectible ingots might include gold bars from the California Gold Rush or Chinese Sycee. The $50 gold pieces manufactured by the US Assay Office in San Francisco in the early 1850's were technically considered ingots, mostly to get around opposition to the establishment of a branch mint in California; however, for all practical purposes they circulated as coins.

Lintmark: A characteristic that occurs mostly on proof coins as a result of a piece of lint on the die or planchet during the striking process. This lint creates an incused scratch-like mark on the coin. Lint marks are distinguishable from hairlines by their evenness of depth and lack of raised ridges on their borders. They are also identifiable by their interesting thread-like shapes. Since a lint mark is mint-caused, it has a much smaller effect on the grade and value of a coin than a hairline of equal size and prominence. Technically a strike-through.

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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. The word VIGO appears below Queen Anne's head on some British silver coinage dated 1702 and 1703. What does VIGO refer to?
An increase in the silver fineness of the coins
The introduction of milled coinage
A message from die sinkers protesting poor working conditions at the Royal Mint
Queen Anne's pregnancy
The source of the silver in the coins


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

Connecticut
Kentucky
New Jersey
New York
Vermont



Last week's questions:

1. Which of the following has the highest mintage?
Correct Answer: 1892-S Barber Half Dollar (22%). The 1892 Columbian Exposition coin is far and away the most common of the choices, particularly in high grades, while the 1892-S Barber Half is one of the keys to the entire Barber Half series. Nevertheless, the 1892-S was the only one of the choices to have a mintage in excess of a million. The 1893 Columbian Exhibition Half Dollar had a mintage of about 1.5 million, more than any of the choices in last week's question, but not as many as the 1893 Barber Half.

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

Correct Answer: 1875 (34%). This was the only year that mintmarks on Seated Dimes were placed within the wreath.

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Is It Time To Sell?

A Second California Gold Rush

The American Numismatic Association, the world's largest numismatic organization, is bringing its annual convention to San Francisco this July! Heritage has once again been selected as the official auctioneer, making this Heritage's 33rd selection as the Official Auctioneer of the ANA.

We expect to see hundreds of records established at the 2005 ANA. In this sizzling market, with the ANA audience competing against our 140,000+ registered Internet bidder-members, only Heritage reaches every part of this hot market. Take advantage of our marketing strengths and Internet leadership by consigning today, and maximize your audience and your proceeds!

Millions of dollars of consignments are already on hand, so you know that the attention of the numismatic world will be focused on Heritage's San Francisco ANA Signature Auction. When the time comes to sell your coins and currency, you want to choose the one firm that attracts the most bidders and the highest prices - Heritage. Why would you want to sell your coins and currency anywhere else?

The June 16th deadline is quickly approaching, so act quickly. Call our consignor hotline at 1-800-872-6467, extension 222, today!

2005 San Francisco, CA (ANA) Signature Auction
Sale on July 27 to July 30, 2005
Consignment Deadline: June 16, 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. May 24
at 10:00 PM
View Lots
Rare Coins
Closes Sun. May 22
from noon to 10:00 PM
View Lots
Rare Currency
Closes Mon. May 30
at 10:00 PM
View Lots

Rare Coins
Location: Long Beach, CA
Auction: 2005 (HWCA) Long Beach Signature Auction #378
Auction Dates: June 2 - 3, 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: Long Beach, CA
Auction: 2005 June Long Beach Signature Auction #376
Auction Dates: June 2 - 3, 2005
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.
Browse Lots by Category

HeritageSportsCollectibles.com
Sports cards, autographs, collectibles, and more...
Closes Sunday, May 29, 2005 at 10:00 PM
View current auctions.

HeritageMoviePosters.com
Movie posters, lobby cards and more...
Closes Sunday, May 22, 2005 at 10:00 PM
View current auctions.

HeritageComics.com
Comics, comic art and more...
Closes Sunday, June 5, 2005 at 10:00 PM
View current auctions.


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Weekly Specials

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