Coins/Currency - Comics - Sports - Movie Posters - Fine & Decorative Arts - Americana - Autographs - Entertainment Memorabilia
November 11, 2005
This Week In Coin & Currency News
Second Highest-Grossing Coin Auction Ever!
Heritage Internet Currency Auctions Now Held Weekly!
Website Outage Saturday
Seldom Seen Selections: When is a Del Monte Banana Sticker Worth $20,000?
Website tips: Adjust Your Coin Images
Numismatic Glossary
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: 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

Announcements

Heritage Internet Currency Auctions Now Held Weekly!

Heritage Currency Auctions of America (CAA) has announced that beginning on December 1, 2005, its Internet Currency auctions, formerly held on a bi-monthly basis, will move to a weekly frequency.

This is a very exciting move for us, based entirely on increased demand from our ever-expanding client base. In the current hot numismatic market, this change to weekly Internet auctions will allow currency collectors even more opportunities to add fresh notes to their collections.

As of December 1, 2005, CAA's Internet Currency Auctions will open and close every Tuesday evening at 10 PM CST at www.HeritageCurrency.com.

"Additionally, I'd like to let everyone know about Heritage Currency Direct," enthuses Michael Moczalla, Consignment Director for CAA. "This is an opportunity for collectors to buy fixed-price notes directly out of the inventory of the world's largest currency dealer. From Colonials to modern Small Size types, it's all here, all competitively priced for immediate sale. And of course, every note sold is backed by our seven day, no hassle return privilege, because our client's satisfaction is our foremost goal."

Prospective consignors and sellers of currency and related material are invited to call Mike Moczalla at 1-800-872-6467, ext. 481, Jim Fitzgerald at 1-800-872-6467, ext. 348 or Dustin Johnston at 1-800-872-6467, ext. 302 to discuss their holdings. Or visit www.HeritageGalleries.com and click on the "Sell Now" tab. Or simply email Michael Moczalla at MichaelM@HeritageGalleries.com, Jim Fitzgerald at JimF@HeritageGalleries.com or Dustin Johnston at DJohnston@HeritageGalleries.com.

Our thoughts and prayers are with you.

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Website Outage Saturday

On Saturday evening, November 12th, the power in our building will be turned off. We are taking advantage of this opportunity to make some important upgrades to our network and servers. This may result in an intermittent or total outage on all Heritage websites between the hours of 9:45pm CT through 2:15am CT the following morning. Anyone trying to reach any Heritage website during such an outage will simply get a message to the effect that the web site cannot be found.

We expect all websites to be up and running normally once this planned outage is over. No auctions are scheduled to end during this outage.

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Collector News
Second Highest-Grossing Coin Auction Ever!

Heritage Numismatic Auctions, Inc., (HNAI) held its most recent Signature Auction November 2-5, 2005 at our headquarters in Dallas, Texas, along with a special session spotlighting the collection of Phillip Morse.

Originally scheduled to be held in Florida as Part of the Palm Beach Coin Show, the auctions were relocated to Dallas in the wake of Hurricane Wilma. Combined, the two events realized nearly $43 million, with 3,027 total bidders participating, 1,015 of them successfully, for 5,373 total lots. A separate On-Line Session, held Monday, November 7, 2005, realized over $1 million, bringing the grand total of all three auctions to $44,035,687. The grand total for the weekend is exceeded in numismatic history only by Heritage's FUN 2005 Results.

In spite of the last minute relocation, these were exceptionally strong auctions. The weekend was anchored by the exceptional Phillip Morse Collection, which set half a dozen records when it was sold for $19.2 million in Dallas Thursday night. This was the first time three coins have exceeded $1 million each in one auction, and in addition to individual record prices for some pieces, it was the world's most valuable one-owner, single-session rare coin auction ever conducted, with Mr. Morse's coins averaging $90,000 per coin. For those that missed out on this historic event, take heart: Heritage will offer the second part of the Phillip Morse Collection in our final numismatic auction of 2005 - in Dallas, December 12-14!

This event also set a record for the largest gross sales in a numismatic auction for a single day, with more than $36 million realized on November 3, our Platinum Night session, which incorporated the main sections of the Phillip Morse & Jack Lee Collections. We couldn't be happier with these results.

The highest bid in the auction, $2,990,000, was paid for a specially struck U.S. $20 gold piece with the date "1907" in Roman numerals MCMVII, and known as an "ultra high relief" because of the elevated height of the design. Its sale price was a record for that specific type of coin, and tied (with a Brasher Doubloon sold by Heritage in January) for the third highest price ever paid for a coin at auction.

Representing a number of clients, Doug Winter of Pinnacle Rarities in Lakewood, Washington spent $5 million at the auction, including paying a record $1,897,500 for a $20 gold coin struck in 1927 at the Denver Mint.

"This was a once-in-a-lifetime opportunity to obtain great rare coins of absolutely unparalleled quality," said Winter.

Auction highlights included:

All Prices Realized include a 15% Buyer'"s Premium.

Images, descriptions, and prices realized from the Palm Beach/Dallas Signature Auction, as well as all previous Heritage auctions, are available in the Permanent Auction Archives at the Heritage website.

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Seldom Seen Selections: When is a Del Monte Banana Sticker Worth $20,000?

Heritage Currency Auctions of America (HCAA) will offer the famed "Del Monte Note" in their upcoming Signature Auction, to be held January 6 & 7, 2006 in conjunction with the Florida United Numismatists (FUN) Convention in Orlando, Florida.

There are few items that create an indelible memory like this unique U.S. Currency error. This error note really appears to be more of a publicity stunt by a company's fruity advertising department than it is a coincidence. The object is a simple sticker, one that is commonly seen on nearly every bunch of Bananas that makes its way to a grocery's produce section in the U.S. - a banana sticker with the Del Monte logo.

This colorful error is commonly referred by those in the collecting fraternity as 'The Del Monte Note,' and the story about how this sticker got on this 1996 $20 Federal Reserve Note is as exotic as the Ecuadorian Banana sticker itself. The error is referred to as a 'retained obstruction,' or a note that was printed with a foreign object on the paper. Most obstructions fall off shortly after printing leaving a blank area of paper missing the design, but errors with objects that 'stick' to the note are very rare. Objects seen on other obstruction errors include a Band-Aid, paper fragments, scotch tape, and wood shavings.

What makes this note truly special is the stage of the printing process at which the sticker affixed itself to the note. United States Currency is essentially printed in three stages: the first printing is the back of the note, the second printing provides the face devices, and the third, final printing includes the Treasury Seal and the serial numbers. When this note was printed at the Fort Worth facility of the Bureau of Engraving and Printing, it went through first and second printings before the sticker found its way onto the surface. The sticker's placement is ideal, as it covers part of the second printing details and is overlaid by part of the Treasury Seal and serial number from the third printing.

Everyone with an interest in currency collecting knows about this note and it is often brought up in conversation. It is truly a pleasure to see it back in the marketplace stirring up interest in collecting and turning heads everywhere, even of those individuals who do not have a particular interest in currency collecting. This error is as fun today as it was the day it was discovered by an Ohio resident in his ATM withdrawal.

The "Del Monte Note", part of The Scottsdale Collection, is estimated at $20,000- $25,000. Other featured collections in the HCAA FUN Signature Auction include, The Bill Gale Collection of Kentucky Large Size Nationals, The Midwest Collection of Small Size Type Notes, and The California Proof and Specimen Collection.

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Website Tips: Adjust Your Coin Images

Heritage Numismatic Auctions is once again proud to be at the forefront of technological innovation. At the Heritage website, enlargeable images have long been posted on web pages for every individual coin up for auction or sale. Now, visitors to the site have even more options for viewing Heritage coins in better detail and with optimal contrast.

The "Pan and Zoom" feature allows users to take a much closer look at a lot than is possible with a simple JPG image. Collectors can click on any image in order to see the coin in as much detail as they wish. Five different resolution settings allow the user to focus on any part of the coin they want to examine, without having to reload the page. By dragging the coin's image within the Pan and Zoom box, users can focus on only the part of the coin they wish to view rather than having to scan a potentially enormous image for the particular part of the coin they wish to examine.


Before

After

Many older coins can be quite dark, and images sometimes will not reflect the details of darker coins without lightening. Sometimes, an image of a particularly bright coin may be difficult to see without darkening the image a bit. Now, each Heritage item equipped with Pan and Zoom has a feature called "Darken/Lighten These Images" that allows users to adjust the coin's image to exactly their taste. Six brightness settings are available, ranging from normal to a setting that will allow the user to study every detail on even the darkest copper coin.


Before

After

Between the Pan and Zoom and Lighten These Images features, Heritage provides thirty different settings for its users to view coins. Users have more options with the Heritage site than ever before.

Macromedia Flash must be installed in order to use the Pan and Zoom feature, and a high-speed Internet connection is highly recommended. Some computers may not be able to take full advantage of the feature. Users unable to use Pan and Zoom have the option to turn off the feature with one click, allowing them to see Heritage's enlargeable JPG images.

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Numismatic Glossary:

First Printing: The process used to impart the reverse to a sheet of US Currency. Because there are no serial numbers or other variable components on the reverse of the note, this is the only time the sheet's reverse is printed.

Second Printing: The process used to impart the static portions of the obverse to a sheet of US Currency.

Third Printing: The process used to add the variable components to the sheet of US Currency, such as Serial Number and Treasury Seal.

For Series 2004 multicolored notes, there are actually four printings. A First Printing is used to impart the multicolored features to both sides, and the remainder follow in the order above.

The label on the Del Monte note can easily be seen to have been added to the paper somewhere between the second and third printings. How it got there will unfortunately drive currency collectors bananas for years.

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Announcements

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

Norman Rockwell's original 1943 movie publicity painting for "The Song of Bernadette" will be offered in a public auction by Heritage Galleries & Auctioneers of Dallas, Texas, November 18, 2005.

The somber painting depicts actress Jennifer Jones as Bernadette Soubirous, the Maid of Lourdes, a woman of unshakable faith and courage in the film version of the famous Franz Werfel novel.

The original art was commissioned by movie producer, David O. Selznick, as the centerpiece of an unprecedented publicity campaign for 'The Song of Bernadette' film. It was the most reproduced work of Rockwell's entire career.

The movie opened in December 1943 and won five Academy Awards, including Best Actress for Jones.

Years later, Rockwell was quoted by author Arthur Guptill in his monograph, Norman Rockwell, Illustrator, as saying: "Nothing else I ever painted was reproduced in so many ways. In addition to its being run in magazines, newspapers, and on theatre posters, I was told that it covered the entire wall of one eight-story building."

As part of the publicity campaign for the film by 20th Century Fox, a 150-foot high display of Rockwell's illustration for "The Song of Bernadette" was set up above a Broadway theater marquee.

The original painting measures 58 inches by 28 inches. It was in the private collection of film producer, William Perlbeg, for many years, then owned by Mount Saint Mary's Academy in Los Angeles. It was consigned to the Heritage auction by a private collector who acquired it earlier this year.

The pre-sale estimate is $200,000 or more.

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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 denominations of US coins has never featured a bison?
Five Cents
Quarter
Half Dollar
Dollar
Ten Dollars


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

Eisenhower Dollar
1992 Columbus Silver Dollar
1998 Proof Platinum Eagle
2003 Maine Quarter
2005 Kansas Quarter



Last week's questions:

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?
Correct Answer: Eisenhower Centennial (42%).

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?
Correct Answer: 1893 (16%). While the Barber Quarter spelled out the denomination, the Isabella Quarter, dated 1893, did not. Today's US Coinage is unusual in that most denominations are spelled out rather than expressed by a number.

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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. 15
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Nov. 13
from noon to 10:00 PM
View Lots
Rare Currency
Closes Tues. Nov. 15
at 10:00 PM
View Lots

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 13, 2005 at 10:00 PM
View current auctions.

HeritageComics.com
Comics, comic art and more...
Closes Sunday, November 13, 2005 at 10:00 PM
View current auctions.


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Weekly Specials

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