June 3, 2005
This Week In Coin & Currency News
A Treasure-Trove of Important Political Memorabilia
The William Bland Collection
Website tips: Bidding Between Increments
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 June Long Beach Bullet 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
A Treasure-Trove of Important Political Memorabilia

Heritage-Slater Americana will present an auction of rare and desirable Political Memorabilia and Americana June 22 and 23, 2005 in our Dallas, Texas headquarters. This is a monumental event with something to fit every taste and every budget. This is almost a mini-survey of American history, with artifacts from some of our country's most important political campaigns as well as many of the nation's most influential social and cultural movements.

For political memorabilia collectors, we have material that's going to absolutely knock your socks off, including what are, without question, the two finest campaign banners we have ever handled. These exceptional pieces, one a huge 1844 Henry Clay banner, depicting raccoons, the popular Whig symbol that year, and the other a unique 1864 'Lincoln & Johnson' campaign banner picturing a bearded Lincoln, come from the Hershey collection. When the Hersheys moved to Erie, Pennsylvania from Lancaster by covered wagon in 1816, their large farm quickly became a hotbed of Whig political activity, and, in the mid 19th century, many political speeches and rallies were held there. These banners were saved from two such events by a family that had the foresight to recognize their importance. Carefully preserved, they are in spectacular condition. This is certainly a once-in-a-lifetime opportunity to acquire these extraordinary items.

Speaking of campaign items we're also offering more treasures from the Joe Brown Collection of pre-1896 political items, including a full set of the coveted ribbons promoting all four 1860 Presidential candidates, with photos by Matthew Brady. Additionally, collectors will vie for selections from the famed Raleigh DeGeer Amyx Collection of President-owned relics, including the actual sheets upon which FDR lay in death at Warm Springs.

We're proud to present an exceptional selection of political pin backs, probably the best we have ever offered in a single sale! Featured in this collection are a number of Hake book plate specimens for some of the best items pictured in that volume, some of the best Teddy Roosevelt buttons, including the ex-Mastro Collection example of 'TR at the Gate,', and a unique 1 1/4" Harding-Coolidge jugate, one of the best jugate buttons we have ever offered.

Civil War enthusiasts will certainly have a plethora of material to consider, including the finest recruiting poster we have ever handled, and an awesome full-plate tintype of two African-American brothers in their Union uniforms. Without a doubt, however, the star of the Civil War show is the painted-from-life portrait of General Ulysses S. Grant by Ole Peder Hansen Balling. This stunning portrait, which has been in private hands until being consigned to this auction, has never before been offered for public sale, and is thought to be the only from-life portrait of Grant done during the Civil War.

Americana collectors will be pleased by our expansive list of offerings. One of the most intriguing collections consists of vintage H. J. Heinz collectibles, with a special focus on glass and crockery containers, all with their original labels. Also on offer is a very special collection of important, personally owned and autograph items from the near-mythic billionaire industrialist and mysterious recluse, Howard Hughes, whose life was recently showcased in the Academy Award-winning film, 'The Aviator,' including his legendary hat, a collection of telegrams exchanged between Hughes and actress Katherine Hepburn, and a stunning 14-carat emerald and diamond ring, which he presented to his wife of the time, actress Terry Moore. In addition, we have an incredible twenty foot long hand-carved Barnum and Bailey Circus train which must absolutely be seen to be believed.

This is going to be an exciting event, and one that no serious collector of Americana will want to miss. We invite everyone to browse our listings and place their bids early, as this auction is sure to inspire some spirited competition for these spectacular lots.

Potential consignors of Political Memorabilia and other Americana are invited to contact Tom Slater, TomS@heritageamericana.com, or by phone at 800-872-6467, ext. 441 or contact John Hickey at JohnH@heritageamericana.com, or by phone at 800-872-6467, ext. 264. Bidding on this auction is open now at www.HeritageAmericana.com!

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The William Bland Collection

It is unusual when we feature a collection in one of our Bullet Auctions, but then the William Bland Collection is an unusual collection. Mr. Bland has achieved quite a numismatic feat - a complete collection of the Top 50 Peace Dollar VAMs. Heritage is proud to offer this collection in its entirety at our Long Beach Bullet Auction, as the first ever offering of such a set at public auction.

Among the coins in this sale are:

  • A PCGS-graded MS65 example of the Rarity-7 1921 VAM-3. One of the most desirable Peace Dollar varieties, a ray through the first L in DOLLAR has been hand engraved on the working die such that it passes over rather than under the L. This is a very rare variety, which is probably irreplaceable in this high grade.
  • 1934-D Doubled Die Obverse, micro D mintmark, VAM-4. IN GOD WE TRVST and Liberty's profile are widely die doubled on this dramatic DDO, and although VAM-3 and VAM-4 share the same obverse die, VAM-4 is confirmed by the presence of a small D mintmark. This coin carries a grade of MS62 as assigned by ANACS.
  • A 1925 "Missing Ray" variety (VAM-5), featuring a reverse die polished to remove heavy clash marks, a process which completely removed the top ray between the tail feather and leg feather. This is one of only five examples of this scarce VAM to be certified by NGC, and at MS64 the second finest.
  • The 1922 "Ear Ring" variety, VAM-2A, graded MS63 by ANACS. VAMs of both Morgan and Peace Dollars extend beyond die varieties into die states, and this is one of the most visually impressive die states within the Peace Dollar series. A heavy die break extends just to the right of and below Liberty's ear, making Liberty look as if she's wearing an earring.

The high quality continues throughout. Peace Dollar specialists should make sure they have their bids in well before this auction closes - Monday night, June 6, between 6 PM and 10 PM, Central Time. Bidding is open now at www.HeritageCoins.com.

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Website tips: Bidding Between Increments

The current bid on any item in a Heritage Auction will always be calculated as the lesser of:

  1. The maximum bid on the item, or

  2. One increment above the second highest bid on the item.

In our Signature Auctions, we receive bids from many sources, such as faxes, mail bids, absentee phone bids, and podium bids - written bids left by someone present at the auction site. These bidders may not know the current bid at the time they place their bid; however their bid 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.

The rules for Internet bidders are a little different. Internet bidders need only bid an amount equal to or greater than the next increment. Internet bids greater than the minimum required next bid can be any whole dollar amount. It is possible under several circumstances for winning bids to be between increments, sometimes only $1 above the previous increment (see below).

When the auction closes, the winner of the item will be the person with the highest bid, but the hammer price of the item will be the calculated current bid on the item, regardless of what the actual high bid was. This allows you as a bidder to win items for less than your maximum bid. Our Signature Auctions open up on the auction floor at the Current Bid. We will execute the high Internet bidder's secret maximum bid on his behalf until he either wins the lot or is outbid.

Bidding increments in Heritage auctions follow this table. Note that this is calculated without regard to the current bid; if an item has a current bid of $50, then the next bid will be $51, then $54, $57, $60, $65, etc.

Bidding Increments
Current Bid Bid Increment
< $10 $1
$10 - $29 $2
$30 - $59 $3
$60 - $99 $5
$100 - $199 $10
$200 - $299 $20
$300 - $499 $25
$500 - $999 $50
$1,000 - $1,999 $100
$2,000 - $2,999 $200
$3,000 - $4,999 $250
$5,000 - $9,999 $500
$10,000 - $19,999 $1,000
$20,000 - $29,999 $2,000
$30,000 - $49,999 $2,500
$50,000 - $99,999 $5,000
$100,000 - $249,999 $10,000
$250,000 - $499,999 $25,000
$500,000 - $1,499,999 $50,000
>= $1,500,000 $100,000

Sometimes, astute Internet bidders will place a bid between increments with the idea that they may be able to win a piece for less than a full increment above another bidder. Take the example of a bidder looking at a lot that he thinks is worth roughly $110 plus the 15% buyer's premium. The current bid on the piece is $1, which always means that there is only one bidder on the item. Our bidder has no way of knowing what the actual maximum bid on the item is, but he decides to place a bid of $111. This bid is designed specifically to outbid somebody that might have already bid $110. Once our bidder has placed this bid, he will see one of the following:

  1. If the previous maximum bid was $109 or less, the new bid will become the high bid and the current bid will become the bidding increment above the previous bid.

  2. If the previous maximum bid was exactly $110, the new bid will become the high bid and the current bid will become exactly $111.

  3. If the previous maximum bid was between $111 and $119, the new bid will be immediately outbid, and the current bid will become the previous bidder's high bid.
If the previous maximum bid was $120 or more, the new bid will be immediately outbid, and the current bid will become $120.

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Numismatic Glossary:

Alloy:

  1. A homogenous mixture of more than one metal.
  2. A secondary metal mixed in to produce an alloy.
  3. To combine metals in order to produce an alloy.

Lamination: A form of planchet flaw caused by imperfections in the metal, whereby a thin strip of the metal separates itself from the coin.

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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 is the difference between the Type 1 and Type 2 Bicentennial Eisenhower Dollar?
Type 2 had a small "76" within the stars to denote the year of mintage
Type 2 reverses have smaller stars than Type 1
Type 1 showed an eagle landing on the moon; type 2 does not show an eagle
Type 2 reverses have letters with serifs; type 1 reverses have letters without serifs
Type 2 was minted only in Silver Clad; Type 1 was minted only in Copper-Nickel Clad


2. Which of the following gold dollars is Type 2?
1856
1856-C
1856-D
1856-O
1856-S



Last week's questions:

1. Which of the following Peace Dollars has the highest mintage?
Correct Answer: 1934-S (23%).

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

Correct Answer: Dime (35%). Although the Seated Liberty design was adopted for all US silver coins from Half Dime through Silver Dollar, there were a few differences in the obverse between denominations and over time. The half dime and dime were modified in 1840 to have an upright shield (among many other modifications at that time, of which the addition of drapery at Liberty's elbow is the most prominent). Seated Liberty Quarters, Half Dollars, and Dollars all have a shield whose top tilts to the viewer's left. This coin can be determined to be a dime and not a half dime by the date; Half Dimes had ceased production in 1873.

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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. June 7
at 10:00 PM
View Lots
Rare Coins
Closes Sun. June 5
from noon to 10:00 PM
View Lots
Rare Currency
Closes Wed. June 15
at 10:00 PM
View Lots

Rare Coins
Location: Long Beach, CA
Auction: 2005 June Long Beach Bullet Auction #377
Auction Dates: June 6, 2005
Note: Internet Absentee Bidding Ends between 6 PM and 10 PM CT.
Browse Lots by Category

HeritageSportsCollectibles.com
Sports cards, autographs, collectibles, and more...
Closes Sunday, June 26, 2005 at 10:00 PM
View current auctions.

HeritageMoviePosters.com
Movie posters, lobby cards and more...
Closes Sunday, June 5, 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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