Coins/Currency - Comics - Sports - Movie Posters - Fine & Decorative Arts - Americana - Autographs - Entertainment Memorabilia
November 4, 2005
This Week In Coin & Currency News
The Frank Manthey Collection of U.S. Gold Coins
A Truly Platinum Night
Found Treasures: Bicentennial Coinage
Website tips: A Quick Way to Track
Numismatic Glossary
Heritage Offers Huge Discounts on NumisMedia Guides
Help Wanted: Numismatist
Around Heritage Galleries
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2006 January Orlando, FL (FUN) Signature Auction
Current Auctions: 2005 November Dallas, Texas Online Session, Exclusively Internet Auction, Continuous Internet Auction, Internet Currency Auction, Fine Art Monthly Auction, Amazing Sports Auction, Internet Movie Poster Auction, Amazing Comics Auction
Weekly Specials: Don't miss out on a great deal

Collector News
The Frank Manthey Collection of U.S. Gold Coins

Heritage will auction the Frank Manthey Collection of U.S. Gold Coins in our upcoming Signature Auction, to be held December 12-14, 2005 in Dallas, Texas. This is a wonderful collection of U.S. Gold, carefully assembled over the last ten years. Mr. Manthey used his keen eye for quality to assemble a marvelous collection with an emphasis on half eagles. Many of the coins in this collection are considered to be of premium quality, with several being among the finest known examples. A number of Mr. Manthey's coins have been off the market for the last decade, so this is an excellent opportunity for numismatists to improve their collections of these fascinating issues.

Early Half Eagles are among the most rare and highly sought-after US coins, and Mr. Manthey's collection is well-represented in this regard. His collection contains no fewer than eight of these prizes, including his 1795 Small Eagle $5 MS62 PCGS, 1818 $5, 5D/50 MS64 NGC and 1833 $5 MS64 NGC the latter two boasting condition census quality.

His other early half eagles include:

Of additional interest are the coins from the Charlotte and Dahlonega mints. Coins from these short-lived Southern mints are extremely popular with collectors due to their scarcity, as Charlotte and Dahlonega only produced coins from 1838 to 1861. Of particular interest in this regard are the 1855-C $5 AU58 PCGS, and the 1838-D $5 MS60 NGC.

Additional highlights of the Frank Manthey Collection include:

This collection and all other coins in this auction will open for bidding soon at HeritageCoins.com!

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A Truly Platinum Night

The coin market is sizzling. That is the impression undoubtedly shared by those in attendance at Heritage's Platinum Night session, which took place Thursday, November 3. Featuring the collections of Phillip H. Morse and Jack Lee, this one night session in front of a packed auction room brought in over $35 million, including over $19 million from the Morse collection alone.

Three individual coins in the Morse collection fetched prices in seven figures. A 1907 Ultra High Relief Double Eagle, the finest known and graded an incredible Proof-69 by PCGS, reached a staggering $2,990,000. The finest known example of the legendary 1927-D Double Eagle, graded MS67 by PCGS, realized $1,897,500. And another finest known coin, a conditionally rare 1921 Double Eagle, PCGS MS66, realized $1,092,500. Six other coins in the Morse collection realized over $500,000 each, as did two coins from the Jack Lee collection.

Stay tuned for more auction results!

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Found Treasures: Bicentennial Coinage

We receive e-mails all the time from people who wish to know what their coins are worth, and while the vast majority of these e-mails mention coins that have very little value, every so often someone will have a very nice collection and have no idea of its real value. Most of these e-mails have to do with something that someone found in change, or hidden away in a safe place somewhere, and which looked a bit out of the ordinary.

Perhaps it's the old fogey in me (and I'm relatively young by the standards of the numismatic hobby), but it doesn't seem all that long ago when the next big thing to hit numismatics was Bicentennial coinage. It hadn't been long since the changeover to clad coinage, yet the coins that one would find in circulation in the early seventies were by and large uninteresting - clad dimes and quarters, 1964 nickels, and Lincoln Cents. Half Dollars circulated more then than they do now, but were even then quite unpopular, and the recently reintroduced Eisenhower Dollar was a flop. Wheat cents were a lot more common then than now and occasionally one might find a silver coin, but pocket change was, let's face it, boring.

Meanwhile, the country was gearing up for one of the biggest celebrations in years. The Bicentennial - 200 years as a nation - was being celebrated seemingly every day, with 200th anniversaries of significant events in our nation's independence happening on a regular basis. You've probably seen some of the medals minted both privately and by the US Mint commemorating this; most were made in enormous quantities to satisfy a huge demand, and are today worth only a fraction of their issue price. And, since commemoratives had been frowned upon since the excesses of earlier periods, it was decided to issue circulating coins with double 1776-1976 dates and new reverse designs to commemorate the occasion.

Designs were chosen from submissions into a public contest. Artists submitted designs for the reverse of a quarter, not knowing which denomination, if any, their design would eventually appear on. In 1974, Jack Ahr's drummer boy design was selected for the quarter; Seth Huntington's Independence Hall design was slated for the Half Dollar, and Dennis Williams' Liberty Bell superimposed over the moon design went to the dollar. Proofs were struck for presentation purposes (without mintmark - if these still exist, they would be an extreme rarity!), and circulation strikes began in mid-1975. As a consequence, no 1975-dated quarters, half dollars, or dollars exist; the old 1974 date was held over until the new designs were ready.

Interestingly, for a type that was produced for such a short period of time, there was one major variety. Designs were not produced with any thought to how the coins would actually strike, and the dollar showed particular problems once it was put into production. Eventually, there was a significant change in the lettering of the reverse of the dollar, changing what had once been thick block lettering to a more attractive, in my opinion at least, thin and serifed style. Both types were common, while 1975 Proof Sets had the Type 1 dollars and 1976 sets had type 2 coins.

Bicentennial coins were produced by the hundreds of millions in all denominations. Quarters circulated and indeed still circulate now alongside their more familiar counterparts. Half Dollars and even Dollars circulated to some extent, but were unable to overcome the nation's (and the nation's vending machines') bias against large coinage and today are not often seen. Many were saved as mementos of the celebration; unfortunately, as with most coins that were saved soon after striking, values are low. All too often, we have to tell those people that e-mail us about these coins that they should simply go out and spend them.

For the first time, the US Mint made special sets for this issue. The San Francisco Mint struck each coin in a 40% silver composition both as proofs and as circulation strikes, selling three coin sets of both types to collectors. Interestingly, although the coins were minted in 1976, the sets were available at US Mint at their issue price until the early 1980s. Today, these sets will sell for about $15 or so each.

With today's circulating commemorative quarters and nickels - and with something undoubtedly in the works for the cent in 2009 - the question arises. Will future generations see common coins as something unusual? Or will the concept of circulating commemoratives take hold to an extent that people become used to them. Check back with me in 20 years or so and we'll decide.

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Website Tips: A Quick Way to Track

Ever get the new Heritage catalog, go through it, find the items that interest you, decide to track them and find that actually finding and tracking all the lots on the website takes forever? We have a solution for you. All Heritage sites now offer a lightning-fast way to track items that interest you, by simply typing in the lot number.

To find this feature, simply go to the home page of the auction that contains the lots that you wish to track. For any Heritage Coin auction, the easiest way to do this is to click on the picture of the auction's catalog on the home page. Once there, scroll down until you see this box:

To track lots, enter the lot number of the item that interests you in the text box, one per line. Then click "Submit".

You will immediately be taken to the MyTrackedLots page, where you can see all lots you have tracked from this auction and any other auctions from the current portal. The page will tell you which lots were successfully tracked from your request. Invalid lot numbers will not be tracked.

This method is ideal for use in any Heritage auction for which you have a catalog in hand. For auctions without catalogs, such as our weekly Exclusively Internet Auctions and Continuous Internet Auctions, or if you do not know the numbers of the lots you wish to track, you should probably track your lots the traditional way, as you find them from the search page or as you inspect the lots on their individual pages. Please note also that lots on which you have placed a bid will show up in MyBids, rather than MyTrackedLots.

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Numismatic Glossary:

Wire Rim: An effect whereby a thin, wire-like section of the rim of a coin is raised above the rest of the rim along the outside. This effect is typically caused by very high striking pressure, and tends to occur mostly on proof and high relief strikings. Also known as wire edge or knife edge. In 1907, circulation strike High Relief Double Eagles were being produced with wire rims because of the immense amount of pressure and multiple strikes necessary to bring up the design fully. The wire rim was considered undesirable at the time, so production methods were changed to ensure that there was no wire rim on these coins. This brought about the flat rim variety of High Relief Double Eagle.

Loupe: A small magnifying glass used to view coins or jewelry in detail. Most loupes used on coins are 5x or 10x power.

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Announcements

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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Help Wanted: Numismatist

Heritage Rare Coin Galleries, Dallas, Texas is seeking a talented numismatist for our sales department. Duties include assisting dealers and collectors and auction consignors in person and by telephone, evaluating prospective purchases, in Dallas and shows and conventions. Salary commensurate with numismatic skills and sales experience.

Please contact Paul Minshull at Paul@HeritageCoins.com with your background and experience.

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Around Heritage Galleries

Heritage Galleries & Auctioneers held its most recent Sports Collectibles Signature Auction October 29, in Dallas, Texas. 1,915 total bidders competed for 788 lots, 266 of them successfully, for an overall total of $1,861,300, although after-auction sales are still ongoing and could push the total even higher.

"The biggest star of the sale was the 1911 Addie Joss Day Panoramic Photograph from the Frank "Home Run" Baker Collection," noted Heritage Sports Collectibles director Chris Ivy. "We believe that the price realized of $89,625 is the highest ever achieved for an unsigned sports photograph. The presale estimate for the piece was $10,000 to $15,000, which still would have placed it among the top Joss panoramas ever sold had it fallen within that range."

Another highlight from the auction's phenomenal photography offerings was the Circa 1910 Frank Baker Studio Photograph by Carl Horner, which provided the image from Baker's M116 tobacco card. Fierce bidding more than tripled the presale high estimate to achieve a final tally of $13,145.

"Hall of Fame manager Casey Stengel also provided a lot of fireworks on Saturday evening," noted Ivy, who explained that the price of $22,705 realized for his magnificent 1913 World's Series Newsreel Poster ranks in the top five for sports related posters. "In total, the contents of Stengel's personal collection surpassed the $150,000 mark."

Heritage Sports Collectibles specializes in rare and collectible sports cards, as well as uniforms, equipment, and related vintage sports memorabilia. Consignments for future Signature Sports Auction are currently being accepted. Prospective consignors or sellers of quality vintage sports cards and sports memorabilia are encouraged to contact:

Chris Ivy at 800-872-6467 Ext. 319 or email: CIvy@HeritageSportsCollectibles.com
Stephen Carlisle at 800-872-6467 Ext. 292 or email: StephenC@HeritageSportsCollectibles.com
Jonathan Scheier at 800-872-6467 Ext. 314 or email JonathanS@HeritageSportsCollectibles.com
Sam Foose at 800-872-6467 Ext. 227 or email: SamF@HeritageSportsCollectibles.com

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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. The nineties saw an explosion in commemorative coinage types, probably reaching its zenith with the 32 different issues that comprised the Atlanta Olympic set. What was the first commemorative series the US issued in the 1990s?
       Congress Bicentennial
       Eisenhower Centennial
       Mount Rushmore
       Statue of Liberty
       USO


2. The denomination of today's 25 cent coin is spelled out "QUARTER DOLLAR". When was the last time this denomination was expressed differently on a US coin?
       1838
       1853
       1891
       1893
       1916



Last week's questions:

1. When the price of copper rose dramatically in late 1973, which metal did the Mint test for the purposes of making cents?
Correct Answer: Aluminum (69%).

2. When did the initials VDB first appear on the obverse of the Lincoln Cent?
Correct Answer: 1918 (49%). It's on the truncation of the bust, and very small. The presence or absence of these initials is one of several tests for identifying authentic 1914-D cents; if the initials are there, the coin is a fake.

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Is It Time To Sell?

A FUN Week in January

In 2005, Heritage made numismatic history with our FUN Signature Auctions, selling over $60 million worth of coins in one week? and over $30 million in one night — twice!

In 2006, we're out to do even better.

As the traditional opening of the numismatic year, the Florida United Numismatists annual convention attracts dealers and collectors from all over the country. Auctions abound. But while most auctions are held before the convention, only one auction house holds the official auction of the FUN show: Heritage.

As official auctioneers, Heritage brings your coins to the biggest variety of dealers and collectors in Orlando for the show. Not to mention the over 155,000 registered Internet bidders just waiting for the chance to bid on the right material. Yours.

Take advantage of this unparalleled venue by consigning your coins and currency today! Get the widest possible exposure, the biggest selection of bidders, and the best results! Call our consignment hotline at 1-800-US-COINS, x222, and reserve your spot in an event that will undoubtedly make numismatic history once again!

2006 January Orlando, FL (FUN) Signature Auction
Sale on January 3 to January 7, 2006
Consignment Deadline: November 24, 2005

2006 January (CAA) Orlando, FL Signature Auction
Sale on January 6 to January 7, 2006
Consignment Deadline: November 19, 2005

2006 January (HWCA) New York Signature Auction
Sale on January 8 to January 9, 2006
Consignment Deadline: November 18, 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. Nov. 8
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Nov. 6
from noon to 10:00 PM
View Lots
Rare Currency
Closes Tues. Nov. 15
at 10:00 PM
View Lots

Rare Coins
Location: Dallas, TX
Auction: 2005 November Dallas, Texas Online Session #389
Auction Dates: November 7, 2005

HeritageGalleries.com
Paintings, Silver, Art Glass and Antiques and more...
Closes Sunday, November 27, 2005 at 10:00 PM
View current auctions.

HeritageSportsCollectibles.com
Sports cards, autographs, collectibles, and more...
Closes Sunday, November 27, 2005 at 10:00 PM
View current auctions.

HeritageMoviePosters.com
Movie posters, lobby cards and more...
Closes Sunday, November 6, 2005 at 10:00 PM
View current auctions.

HeritageComics.com
Comics, comic art and more...
Closes Sunday, November 6, 2005 at 10:00 PM
View current auctions.


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Weekly Specials

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