|Long Beach Auctions Realize
Over $13 Million
Auctions, Inc. (HNAI) and Heritage World Coin Auctions (HWCA) held
their latest Signature Auctions on June 2-3, in Long Beach, CA. The
HNAI Signature Auction realized over $10 million, while the
simultaneous HWCA auction realized an additional $2 million, with
nearly 98% of lots selling. In addition, the Bullet Auction, with
viewing in Long Beach and bidding over the Internet at www.HeritageCoins.com,
realized $1 million.
Two coins in the HNAI auction's second session were particular
1794 $1 MS61 NGC pedigreed to the Bass collection realized
$747,500, while the
1838-O 50C Capped Bust, Reeded Edge. PR64 BM PCGS, among the
most famous of all American coinage rarities, brought $632,500,
both well over their initial estimates.
One of the factors involved in the robust prices realized we're
seeing in this and other auctions is the strong presence of
Internet bidders. In fact, in this current auction, over half of
the auction sold to on-line bidders.
Our clients are having an exceptional year selling with
Heritage. Many have told us, after buying and selling for years,
that 2004-2005 has been their best ever, and we see that
The HNAI Signature Auction included the Dr. Theodore Almquist
Collection, The Clifford Columbus Collection, The Empire State
Collection, The Larry Rausch Collection of Errors, Part Five, and
The Western Hills Collection.
Highlights of the HNAI auction included:
The star of the HWCA
Signature Auction was undoubtedly the
British Charles I Gold Triple Unite 1643. The $431,250 realized
is a new record for its type, and the second highest price ever
realized for a British coin.
1919-S 25C MS66 Full Head PCGS. Realized: $48,875.
1838-O 50C Capped Bust, Reeded Edge. PR64 BM PCGS. Realized:
1794 $1 MS61 NGC. Ex: Bass. Realized: $747,500.
1795 $1 Flowing Hair, Three Leaves AU58 NGC. Realized:
1900 $2 1/2 PR69 Deep Cameo NGC. Realized: $69,000.
1878 $10 PR64 Ultra Cameo NGC. Realized: $48,875.
1913 $10 PR68 NGC. Realized: $92,000.
1924-D $20 MS65 PCGS. Realized: $63,250.
1909 $20 PR66 NGC. Realized: $80,500.
1851 $50 LE Humbert Fifty Dollar, 880 Thous MS63 NGC. Realized:
1853 $20 Assay Office Twenty Dollar, 900 Thous MS65 PCGS.
"I'm thrilled by the results of this auction," said Warren
Tucker, Director of HWCA. "We had some rare and exciting coins in
this auction, and bidders responded enthusiastically. I'm
particularly pleased by the high level of participation we saw
during this event, and the spectacular percentage of lots sold.
Collectors today are grabbing every great world coin they can find,
leaving very few pieces on the table when an auction comes to a
The Long Beach World Coin Signature Auction included the Tortuga
Collection of Latin American Coinage, as well as an extensive
collection of 250+ Germanic coins, including 15 multiple
Highlights of the HWCA Signature Auction included:
Argentina: Rio de la Plata. Gold 8 Escudos 1835RA-P. Realized:
Australia: South Australia. Gold Adelaide Pound 1852. Realized:
Canada: Victoria 5 Cents 1884. Realized: $16,100.
China: People's Republic Year of the Monkey 12 Oz. Gold 1000 Yuan
1992. Realized: $14,950.
France: Louis XV gold 2 Louis d'Or 1716-S (Troyes). Realized:
German States: Colmar. City Taler 1666. Realized: $16,100.
Great Britain: Charles I Gold Triple Unite 1643. MS63 NGC.
Italy: Guastalla. Ferrante II Gonzaga 70 Soldi 1617. Realized:
Korea: Yi Hyong PATTERN 20 Mun Year 495 (1886). Realized:
Switzerland: Confederation 1850 Presentation Set. Realized:
Images, descriptions, and prices realized from all of Heritage's
previous sales are available in the Permanent Auction Archives at
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Seldom Seen Selections: 1936
Buffalo Nickel, 3-1/2 Legs
As a part of our upcoming
San Francisco ANA Signature Auction on July 27-30, Heritage is
pleased to present the finest known specimen of the
1936-D 3-1/2 Legs Buffalo Nickel. This coin, graded MS62 by
PCGS, is the only mint state specimen to be certified by either
major grading service, and is only the third coin of this rare
variety in any grade that we've had the privilege to offer.
On the 1936-D 3-1/2 Legs nickel, the bison's right front leg has
been partially removed, showing much less detail than normal. This
is the same leg that is missing on the popular 1937-D 3 Legged
nickel, and in both cases, the missing leg can be attributed to the
die having been overpolished, likely to remove clash marks, thus
removing the elements with the lowest relief.
Although not as famous as its 1937-D Three-Legged counterpart, the
1936-D 3-1/2 Legs variety is far more rare, with fewer than 50
examples having been graded by the two major grading services in
any grade. Fivaz and Stanton, in the fourth edition of The
Cherrypicker's Guide to Rare Die Varieties call this coin "an
extremely rare variety, with less than 40 known in any grade."
One of the keys to the popularity of any coin variety is its
recognition by the general public, and perhaps nothing helps this
more than a listing in A Guide Book of United States Coins,
popularly known as the Red Book. The 1936-D 3-1/2 Legs nickel has
been listed in the Red Book for a number of years, yet high grade
specimens are so scarce that they do not receive a value
This coin is a bit softly struck on the high points, but has a
pleasing gray-gold color, accented by traces of rose toning about
the peripheries. Surface markings are typical for the assigned
grade. As the sole Mint State example known of this rare variety,
this piece is undoubtedly destined for a home in an outstanding
Buffalo Nickel variety set.
This auction will open for bidding in early July at www.HeritageCoins.com.
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Website tips: Permanent Auction
Permanent Auction Archives are perhaps the best free resource
anywhere on the web to be able to find the going auction price of
coins, to find historical prices, and even just to see pictures of
specific rare coins. All auctions conducted by Heritage since 1993
are included in the archive, and images are available for single
coin lots auctioned 2000 and later.
Here are links from several places on the Heritage website that
will allow you to access the archives. The easiest place to find
such a link is below the "Auctions" tab at the top of every page on
the site. Click on "Permanent Auction Archives".
You will see a screen much like the following:
There are three boxes on the left side of the screen for you to
choose your search. The first is a drop down box that allows you to
choose the type of coin you wish to look for, such as Indian Head
Cents or Proof Liberty Double Eagles. The second, also a drop down
box, allows you to choose whether you wish to look in a specific
auction, or in all auctions. The third allows you to type in a
specific search criterion, such as the date of the coin. There are
also checkboxes which will allow you to choose whether you wish to
search by title only or by title and description and whether you
wish to see lots that did not sell.
Let's say that we wish to look for a 1929 Saint-Gaudens Double
Eagle in the January 2003 FUN Signature Sale. In the first
drop-down, we choose the type of coin, Saint-Gaudens Double Eagles.
In the second, choose 2003 Orlando, FL. (FUN) Signature Sale, #308.
And in the text box, type the date of the coin, 1929.
From this screen, we can see that Heritage sold three such coins
in this sale, at the noted prices. You can click on the links to
see the description of the coin, and you can click on the camera
icon to see a picture of the piece.
If you know the lot number of the item you're looking for, enter
it into the "Jump to Lot" box on the right side of the page. If you
want to see a complete list of prices realized from this particular
sale, click on the "Printable Version" link at the top right of the
Finally, as we mentioned a couple of weeks ago, you can jump
directly from the Permanent Auction Archives and back by clicking
on the panes above the search results. Doing so will take you from
the Archives to items currently offered to items in future auctions
in whatever order you wish, but will still keep the search criteria
you originally used.
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Saddle Strike: A form of striking error where a blank
planchet is struck simultaneously by two different sets of dies,
causing two struck images to appear on opposite sides of the
planchet. Although this error appears at first to be a double
strike, it is not. The error occurs when the planchet is centered
above more than one anvil die in a coin press that strikes multiple
coins simultaneously. The name comes from the shape of the unstruck
portion of the planchet, which resembles a horse saddle.
Taler: A large silver coin, about the size of a silver
dollar, which circulated in Europe between roughly the
15th and 19th centuries. Unlike "crown,"
which describes such coins by their size, "Taler" is a
denomination, derived from the original "Joachimsthaler" for
reasons that should be obvious if you try to pronounce the longer
word. Similar denominations are Thaler, Daler, Daalder; and the
English word Dollar. A multiple taler is a coin denominated
as more than one taler and containing a proportional amount of
silver. Multiple talers were sometimes made with larger dies, but
sometimes made with exactly the same dies used to produce the
taler. The denomination of the coin would thus either be determined
by weight or be denoted by a counterstamp.
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