August 5, 2005
This Week In Coin & Currency News
San Francisco Auctions Exceed $20 Million
200,000th Customer Joins Heritage Website!
Found Treasures: Again, Thanks, Mom?
Website tips: Open Reserves
Numismatic Glossary
Heritage Bites the Bullet?
Heritage Offers Huge Discounts on NumisMedia Guides
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2005 September Long Beach, CA Signature Auctions
Current Auctions: 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

200,000th Customer Joins Heritage Website!

On July 25, 2005, Shaun Marsh of Johnsonville, SC, became the 200,000 customer to sign up for a free membership on Heritage Galleries' website, and has won a $1,000 credit good in any Heritage auction.

"Shaun was very excited when I contacted him," said Judy Brown, eCommerce Marketing Specialist for Heritage. "He said, 'Wow. I've never won anything like this before.' He really got lucky and signed up at just the right time, because as of today, just a week later, we're already up to 201,171 members!"

Clients who sign up for a free membership on any of Heritage Galleries associated websites - including www.HeritageCoins.com, www.HeritageComics.com, www.HeritageSportsCollectibles.com, www.HeritageMoviePosters.com, www.HeritageAmericana.com, and www.HeritageGalleries.com - enjoy a number of benefits, including access to Heritage's Permanent Auction Archives, the ability to utilize MyWantList and MyCollection, the opportunity to bid in any of Heritage's auctions, and much more. For more information about membership, please visit HeritageCoins.com.

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Collector News
San Francisco Auctions Exceed $20 Million

As part Heritage Numismatic Auctions, Inc., (HNAI) held our most recent Platinum Night and Signature Auctions July 27-29 as the Official Auctioneer of the American Numismatic Association's 2005 San Francisco World's Fair of Money(TM) convention. Prices Realized in the Signature Auction exceeded $19.2 million, with after-auction sales continuing. After adding in nearly $900,000 from our Bullet Auction, the total for the weekend is over $20 million.

It's been a thrilling year for numismatics, and judging by the results of this auction, it's far from over. Coin collecting has never been hotter, and numismatists continue to search for the best of the best, both in terms of condition and rarity. We're proud to be able to help them achieve their collecting goals.

Our Platinum Night auction was a great success. This is a venue in which we present only the very finest numismatic offerings, and it has proven very popular with our bidders, as it once again satisfies that urge to acquire the cream of the crop. We typically see very frenzied bidding during Platinum Night events, and this one was no exception. Now it's on to Long Beach in September, as 2005 just keeps getting better and better.

Highlights of the San Francisco Signature Auction included:

Images, descriptions, and prices realized from the San Francisco ANA Signature Auction and all previous auctions are available in the Permanent Auction Archives at our website, www.HeritageCoins.com.

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Found Treasures: Again, Thanks, Mom?
by Stewart Huckaby

Last week, I wrote about the universal subject of the one that got away - or the one that was thrown away. I received a number of responses to this article, and will run some of the stories in this space in the future. However, this story from C. L. Collins of Florida really had an interesting take. Here it is, in its entirety, reprinted with his permission:

Hi Stewart,

Your article... Found Treasures: Thanks, Mom? really hit home for me! The question... "What treasure did you once own that your mother threw out?" took me back almost 40 years to a time when I was in the sixth grade.

It was 1966 and I thought I had the best comic book collection in our entire neighborhood! Everyday after school, I (and sometimes a friend) would run to my house and lift the cushions of our couch. Those cushions were part of the lid to a hidden compartment that held a cache of 245 neatly stacked comic books! We would spend hours perusing either Marvel or DC comic books with 10 or 12 cents printed on the front covers. I have fond memories of Marvel's Fantastic Four, Spiderman, Captain America, and Thor. The best though, were DC's Superman, Superboy, Batman, Aquaman, Flash and the Green Lantern. I was very careful while turning the pages of my No. 3 Superboy. After all, it was over 15 years old!

One day... I came home to an empty couch. Someone had moved my comic books! I asked my mother what happened to them. She proceeded to tell me that she burned them because I wasn't taking my schoolwork seriously enough. I recall going to my room to cry my eyes out. I knew she was right.

Not having any comic books left to lavish my attention upon, my interest turned toward the coin collection I inherited from my brother. Then my Grandfather (Mom's dad) showed me an 1811 large cent. Large cents became my favorite. I remember reading that some of the planchets were ordered from a man named Matthew Boulton and came from some place in England called Soho. At about that same time, my parents gave me a toy steam engine for Christmas. I learned about James Watt and steam power.

It's amazing how the events of our youth serve to shape our adult attitudes and interests. Fast forward to the year 2005. As a collector, I specialize in coins and tokens struck at the Soho Mint and currently have over 60 pieces from the families of Matthew Robinson Boulton and James Watt Jr. in my collection. I've been an Art teacher for over 25 years. And yes... My students draw their own comic book characters.

A few years back, while visiting my parents, the subject of the comic books came up. I asked my mom if she really burned them. Or by some chance did she put them away? My hopes were that she hid them in the attic (we didn't even have an attic!) or perhaps exiled them to the neighbor's house. After all, did she know how much those comic books could be worth today? To that of course, she replied, "Nope! I burned them! Your education was worth a whole lot more than those comic books."

Throughout the years I've never been ashamed to admit that my mother has been (and still is) a great source of insight. And to her I say... "Thanks, Mom!"

Because we're all collectors, we all have stories about the one that was thrown away. If you have a good one, send it along to me at stewarth@heritagecoin.com, and hopefully we'll get a chance to mention it in a future issue of Coin and Currency News.

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Website Tips: Open Reserves

Heritage Galleries & Auctioneers (HGA) of Dallas, Texas has announced a new Open Reserve policy for all of its auctions. Effective immediately, the web pages for all auction items with unmet reserves will show both the amount of the reserve, and the Current Bid price as if there were no reserve.

"In the past," said Jim Halperin, co-chairman of HGA, "when we entered reserves on auction lots, we raised the bidding level on our website to reflect this, treating reserves in every way as two bids. While there were certain logistical advantages to this, it also created a certain amount of confusion with new bidders and consignors. Now, we are making this change in keeping with our philosophy of providing the finest quality information for all of our clients through our websites."

Under this new system, all Heritage auction lot pages will show the following information:

  • The Current Bid, defined as the lesser of the high bid on the item or the increment above the second highest bid,
  • The Next Bid, defined as the increment immediately beyond the current bid,
  • The Reserve Status, which will show the reserve both with and without Buyer's Premium for all lots that have not met a posted reserve,
  • The number of people who have actually placed bids on the item. Placed reserves will no longer be counted as bidders.

Heritage search pages will also immediately identify those items that have not yet met their reserves by placing an asterisk next to the current bid.

To save clients time during live Signature sessions, Heritage will continue to open all lots that have not met their reserves at one increment below the reserve.

Here are the specific changes...

  1. Any reserves posted will be fully disclosed with language like "Reserve amount is $1,400.00 ($1,610.00 w/BP)." This language will be prominently displayed in the "bid box" on the view item page, right next to where you enter your bid.
  2.   
  3. The reserve is no longer counted as a bid. It is treated as a separate entity. It is a reserve. 
  4. The number of bidders listed on any given lot never includes the reserve in its count. 
  5. The reserve is not used at all to determine the current bid prior to the reserve being met. This means you can enter a bid of $900 on a lot with a reserve of $1000 and be losing with a current bid of $1. You are losing because your bid did not meet the reserve, but the current bid amount is $1 because you are the only bidder. 
  6. After the reserve is met, it is considered only for how to calculate the opening bid on the floor. The current bid is calculated is one increment over the next highest bid not including the reserve (unless the reserve has been met). 
  7. The current bid amount will remain what it always has been at floor auctions. For lots where reserves are not yet met, the opening bid will be one increment below the reserve.
     
  8. The bid confirmation page will now tell you whether you were outbid by another bidder or whether your bid failed to meet the reserve.
  9. Emailed outbid notices will now tell you whether you were outbid by another bidder or whether your existing maximum bid was outbid by the newly posted reserve.

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Numismatic Glossary:

Scyphate: A cup-shaped or bowl-shaped coin. Popular in Eastern Europe and the Byzantine Empire about 1000 years ago.

Bracteate: A coin struck on only one side of a very thin flan. Because the flan was so thin, the design would be visible on both sides. These were generally small silver coins made in Europe from the late Middle Ages up through about the 17th Century.

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Announcements

Heritage Bites the Bullet?

Beginning in September, the Bullet Auction is no more! But that doesn't mean that the on-line auction that we've traditionally held in conjunction with our Signature Auctions has gone anywhere. Now known as the Online Session, this auction will continue to bring you coins to view at the site of the Signature Auction, while allowing you to bid in the comfort of your own home - or hotel room - on the items you desire.

This is no mere name change, however. There are several operational changes between the old Bullet Auction and the new Online Session:

  • Catalogs will now be in color and contain images of 75-100 lots.
  • Catalogs will be mailed along with Signature Auction Catalogs
  • Consignment deadline is the same as for the corresponding Signature Auction, making show viewing easier
  • Lots will post for bidding on the Internet much earlier.
  • No written descriptions. Instead, we will list mintage, population info, and Numismedia pricing info for all items.

The Long Beach Online Session will inaugurate the new format, with bidding to end on September 26.

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Heritage Offers Huge Discounts on NumisMedia Guides

As a valued Heritage client, we wanted to let you know about the special discounts we have negotiated with NumisMedia for you. We believe you'll find these guides to be an indispensable coin-pricing resource. Heritage, along with many other numismatic insiders, consider NumisMedia to be the most accurate rare coin pricing source available anywhere.

NumisMedia Online Dealer Price Guides - Market, PCGS, and NGC Prices:
Just $120 per year. Order NOW!

NumisMedia presents NGC and PCGS Dealer Wholesale Prices representing dealer bid prices, and is available to dealers. In subscribing to the NGC/PCGS Wholesale Prices, you will also have access to the NumisMedia Market Prices, dealer to dealer trading prices based on sight-seen trades from activity throughout the country.

Bonus: In addition, subscribers to the Online Dealer Price Guides will receive a copy of the Fair Market Value Price Guide each month and gain access to the Online Fair Market Value Price Guide. This is an additional $96/year value.

NumisMedia Monthly FMV Price Guide:
Just $17 for 3 months. Order NOW!

The NumisMedia FMV Price Guide is a monthly publication with concise listings of the most recent Fair Market Value prices for coins offered by dealers in the numismatic community. The Fair Market Value prices listed represent accurately graded, sight-seen coins that are accepted by a majority of the dealers across the country.

There are over 40 pages of VF through MS67 listings in the following categories: Flying Eagle Cents, Indian Cents & Lincoln Cents (1909-1933) Brown, Red & Brown, and Red; Buffalo Nickels; Barber Dimes, Quarters, & Halves; Mercury Dimes (incl. Full-Bands); Walking Liberty Halves; Morgan & Peace Dollars; $1 Gold through $20 Gold; & Gold & Silver Commemoratives. The balance of U.S. coinage is available in our online price guide with your paid subscription.

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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 150,000 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. Which of the following was not depicted on a US coin during his lifetime?
       P. T. Barnum
       Calvin Coolidge
       Carter Glass
       Joseph T. Robinson
       Eunice Shriver


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

       Eisenhower Dollar
       1976 Eisenhower Bicentennial Dollar
       1990 Eisenhower Centennial Dollar
       1991-1995 World War II Dollar
       1991 Korean War Dollar



Last week's questions:

1. Which of the following is not a known overmintmark combination?
Correct Answer: CC over S (39%). The opposite - S over CC - is known on 1875 Trade Dollars. By a huge margin most overmintmarks are D over S or S over D.

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

Correct Answer: San Diego Half Dollar (31%).

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Is It Time To Sell?

The Beach is Long, and the Time is Right

As official auctioneer of the Long Beach Coin and Collectibles Expo, we've been proud to sell over $30 million in great coins already this year. Rarities such as an uncirculated 1794 Dollar, a 1838-O Half Dollar, and the finest known British 1643 Charles I Triple Unite have made headlines throughout the numismatic world.

Now, once again in September, Heritage is proud to bring more great US coins, World Coins, and Currency to our finest customers through the proven venue of the Long Beach show. We are thrilled to have outstanding collections of Colonial coinage, Half Dimes, Washington Quarters, and Illinois Nationals, as well as numismatic Washingtonia, already consigned to these auctions. If you have material to sell, give us a call and take this opportunity to participate in these auctions. The time is right!

Where else can you reach a base of over 150,000 registered Internet bidders from all over the world, as well as an appreciative audience of collectors and dealers on site at the show - in the midst of one of the hottest numismatic markets we've ever seen? Contact us today, and find out how we can help you get the most from your material.

The consignment deadline for US Coins is August 11. Call us today to ensure that you can take full advantage of this opportunity!

2005 September Long Beach Signature Auction
Sale on September 21 to September 24, 2005
Consignment Deadline: August 11, 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. August 9
at 10:00 PM
View Lots
Rare Coins
Closes Sun. August 7
from noon to 10:00 PM
View Lots
Rare Currency
Closes Mon. August 15
at 10:00 PM
View Lots

HeritageSportsCollectibles.com
Sports cards, autographs, collectibles, and more...
Closes Sunday, August 28, 2005 at 10:00 PM
View current auctions.

HeritageMoviePosters.com
Movie posters, lobby cards and more...
Closes Sunday, August 7, 2005 at 10:00 PM
View current auctions.

HeritageComics.com
Comics, comic art and more...
Closes Sunday, August 7, 2005 at 10:00 PM
View current auctions.


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Weekly Specials

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