Coins/Currency - Comics - Sports - Movie Posters - Fine & Decorative Arts - Americana - Autographs - Entertainment Memorabilia
November 18, 2005
This Week In Coin & Currency News
Another Signature Auction in Dallas
Heritage Internet Currency Auctions Now Held Weekly!
Seldom Seen Selections: A Unique 1797 Large Cent Variety
Website tips: Updated Bid Information
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: 2005 December Dallas 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

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.

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Collector News
Another Signature Auction in Dallas

Heritage Numismatic Auctions, Inc (HNAI) will hold its upcoming Signature Auction December 12-14, 2005 in our Dallas, Texas headquarters. This has been a phenomenal year for us, highlighted most recently by our phenomenally successful Platinum Night and Morse Collection sessions in Dallas earlier this month. We can't think of a more appropriate way to wrap the year up than with a second major Signature auction held right here at home.

There are several important anchor consignments in this auction, starting with the Frank Manthey Collection, a wonderful assemblage of U.S. Gold. Carefully assembled over the last ten years, Mr. Manthey used his keen eye for quality to put together a marvelous collection with an emphasis on early 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.

Highlights of the Frank Manthey Collection include:

The very private collector of the Meads Point Collection had an eye for American gold - or to be more specific, for Indian quarter eagles and Liberty double eagles. He raised six children, so perhaps he can be excused for coming to coins relatively late in his life. But what a fascinating life this industrial designer led! He designed exhibits for the World's Fairs in New York City, Osaka, and Brussels. He served on the Board of the International College in Beirut when Lebanon was the most cosmopolitan country in the Middle East. He restored an old wooden sailboat that had been in the family since the 1920s - and which now resides in a museum in Rhode Island. He loved to travel and by most measures was considered worldly, yet nothing pleased him as much as quietly reading about history. His love of history is reflected in his outstanding numismatic collection.

Highlights of the Meads Point Collection include:

Henry Luhrs was a student of history and a passionate collector in wide variety of areas. Active from the 1930s until 1960, Mr. Luhrs purchased from the most famous dealers of his day, and sought usual and unusual items of quality. Like many collectors of his day, the late Mr. Luhrs collected to hold and to appreciate, and never to sell - so many of these coins have been off the market for 45 to 75 years. Mr. Luhrs' Collection spans American numismatics, from his 1793 Liberty Cap Cent to dozens of Proof-67 Mercury, Washington, and Walking Liberty pieces; from more than 100 double eagles to more than 250 silver commemoratives (many MS66).

Highlights of the Henry Luhrs Collection include:

We should also mention that Heritage will be auctioning the multi-million dollar Henry Luhrs & Lincoln Library Collection of manuscripts, autographs, rare books, and Americana - one of the most significant and extensive to be auctioned in years - in Dallas on February 20, 2006, so interested bidders will want to visit www.HeritageGalleries.com in the coming months for more details.

Part One of Phillip Morse's amazing collection of the coinage designed by Augustus Saint-Gaudens was sold in our "Palm Beach" auction on November 3 - in Dallas Texas, thanks to Hurricane Wilma - for an astounding $19.2 million, establishing multiple world-records. We are pleased to offer additional selections and duplicates from his collections in this current auction. Whether you were one of the lucky bidders who managed to add a part of Mr. Morse's collection to your own in November, or whether you missed that history-making event, you'll want to be a part of this auction, as the Morse collection features some of the finest coins it's ever been our privilege to handle.

Highlights of the Phillip H. Morse Collection of Saint-Gaudens Coinage, Part II include:

Albert Willis, like so many other numismatists, started collecting stamps and coins as a child during the 1950s and 1960s. And like so many others, he lapsed while college and starting a family became higher priorities, and then rejoined the hobby when time and finances permitted. By the 1980s, Mr. Willis was pursuing high quality coins, following the goal of obtaining the best grade he could find for the money. His second foray into numismatics was more sophisticated from the start, and he especially preferred earlier material such as Large Cents and Bust Halves, but he didn't shy from more classic series like Trade dollars, or even completing attractive modern series such as his Peace Dollars. He purchased by mail order from many dealers, and was a regular buyer in Heritage's auctions. We are proud to offer the collection of this dedicated numismatist.

Highlights of the Albert E. Willis Collection include:

Additional highlights from the 2005 December Dallas Signature Auction include:

This auction will open for bidding soon at www.HeritageCoins.com.

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Seldom Seen Selections: A Unique 1797 Large Cent Variety
An apparently unique Large Cent, discovered by numismatist Jules Reiver in 1968, will be included among the thousands of fascinating varieties being offered by Heritage Numismatic Auctions in our January 23-28 Signature Auction featuring The Jules Reiver Collection. The Auction is being held at Heritage's world headquarters in Dallas, Texas. The Signature Auction will contain more than 4,000 varieties from Mr. Reiver's collection, with thousands more offered in the accompanying Online Session.

Since Jules Reiver discovered this previously unknown variety in 1968, not a single additional example has come to light - and hundreds of specialists have been searching through thousands of coins. In fact, there has never even been a rumor of another. While there have been many discovery pieces in numismatics over time, they are typically followed by additional examples as numismatists closely examine every possible coin. Even more atypically, Mr. Reiver left us an extremely detailed description of the discovery and his thought process.

Jules Reiver's collection is, in a word, astonishing. This consummate numismatist sought varieties when 'experts' didn't often bother, and then convinced a new generation of numismatists why they should care. His level of understanding was supreme, his eye for detail unparalleled, and his willingness to share information extraordinary. And so friendly was he to the community that the name 'Jules' was invoked by numismatists from coast to coast when arguments needed to be settled.

Mr. Reiver's detailed description of his discovery experience appeared in the November 1968 issue of Penny-Wise: "Not too long ago I was attributing a 1797 large cent which grades almost Fine. The date is close. The planchet is dark and reasonably smooth. All of the devices and legends are sharp except 97, the point of the bust, UN of UNITED, and OF. In these areas the dies are obviously clashed or sinking. Evidence of die clashing is plainly seen from the neck to the jaw, in front of the eye, and behind the head. There is a triangular break through the T toward the R in LIBERTY. The R has a straight tail. On the reverse, there are five berries on each side of the wreath. There are stems, the right of which, if extended, would touch the left tip of A and bisect the C; and there is an engraver's mark from the fraction to the right ribbon. A curved break extends from the top serif of the crossbar in the E of AMERICA and passes through the uppermost serif of the E towards the R.

"Looking through the key (Table 12) in Penny Whimsy, I eliminated all varieties for attribution except the S-141. The reverse on my coin, however, did not match the reverse of the S-141. The tip of the leaf under the D reaches only the upright on the S-141, whereas on my coin the tip of the leaf reached the center of the D. So I was back where I started.

"Next, I studied the plate of each reverse very carefully. As I neared the end of the 1797's, I began to doubt my eyes and my ability. Then I came to Rev. S of the S-142. My coin was a perfect match for it, and the written description fit also. I couldn't understand how I had missed it the first time, until I checked the obverse which was not even close. I went back to the reverse and again checked each plate. There was no doubt about it. My coin was Rev. S.

"Now I began to realize that my coins was possibly a new variety. I very carefully checked each obverse of 1797 to see if the obverse of my coin matched an existing one or was a new die. When I came to Obv. 11 of S-133, I knew that it was the right one. I couldn't see a scratch from the B to the rim as on the S-133, but the V-shaped break through the T to the R clinched it. Obv. 11 is matched only with Rev. J, a stemless variety, in Penny Whimsy, and an Obv. 11-Rev. S combination is not mentioned.

"My specimen is evidently a later striking of Obv. 11. There is a heavy die crack from the rim at the level of the bust, to the lowest point of the neck, and then across the bottom of the neck. Another break starts at the rim below the lowest curl, then runs diagonally upward and to the right through the curls and shoulder towards the other break. I believe that these breaks link up and that the smaller section of the die sinks. The 9 of the date is weak, and the 7 is almost gone. The lower tip of the bust is very weak. The reverse is blank at this point, showing that there was insufficient pressure on stamping. Assuming that my coin represents a new variety, the die mating chart for the 1797's will need to be revised.

"My good friend, George Ramont, an expert on attributing large cents, checked the coin for me. I did not give him my conclusions, but let him attribute the coin one side at a time. He came up with the same results. Next, I showed the coin to Walter Breen who agreed with the attribution and entered the specimen in his notes as NC-7, a unique and new variety of 1797."

Mr. Reiver's article was immediately followed by a complete discussion of the new variety by Walter Breen, who also revised the emission order for these coins based on this new discovery.

Heritage's Mark Borckardt, lead cataloger for The Jules Reiver Collection, has described the coin as follows: "1797 1C Reverse of 1797, Stems. NC-7, B-30, R.8--Environmental Damage--NCS. VG Details. VG8 EAC. Dark olive surfaces with splashes of steel color at the left obverse. The surfaces have only the faintest corrosion. Die sinking creates the localized weakness at 97 of the date, mentioned by Reiver in his article about this coin. A few tiny areas of bubbly red corrosion are visible on the reverse. Ex: Carl Wattenbarger (8/1968)."

The Jules Reiver Collection Signature Auction will open for bidding near the beginning of January, 2006

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Website Tips: Updated Bid Information

New on all Heritage websites, you now have the opportunity to watch the bidding progress on your favorite lot in real time! Now, the current bid will update automatically on each individual lot page as soon as another bid is placed. Just keep the lot's page open as the bidding closes. You do not need to refresh the page!

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Numismatic Glossary:

Foldover: A printing error where a part of the paper was folded when printing occurred. Foldover errors can occur during any part of the printing process for currency; for example, the foldover on the pictured note happened between the second and third printings. Because the printing process completes while the note is folded, the finished note will usually wind up with a shape that is far from rectangular.

Cross Over: To send a previously graded coin to a different grading service in the hopes of receiving the same (or better) grade. Commonly done when looking to increase the marketability of a coin or when looking to move a coin into a registry set.

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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

A New World-Record for Movie Poster Auctions!

Heritage Movie Poster Auctions (HMPA) held its latest Signature Auction on Friday and Saturday, November 11 & 12, 2005, in Dallas, Texas. 1,039 total bidders competed for 1,006 lots, 292 of them successfully, for total prices realized of $1,569,057. 18 lots were purchased after the auction by 13 bidders for a total of $20,901.

"To say that I'm thrilled with these results would be a serious understatement," said Grey Smith, Director of HMPA. "Not only is this the best movie poster auction Heritage has ever held, it's the best poster auction anyone has ever held. $1.56 million sets a new high bar for vintage movie poster auctions, and I'm looking forward to submitting these results to Guinness for recognition."

The previous record high for a vintage movie poster auction was $1.46 million, set in 1996 by Butterfield & Butterfield, when they auctioned the Gunnard Nelson Collection.

"Prices realized were strong across all categories," said Smith, "with near-feverish interest in many items in the amazing collection of Humphrey Bogart material we offered. I'm also pleased to note that interest in Western posters is on the increase, and silent film material continues to gain momentum."

"Of course," Smith said, "the star of the show was the rare Style D Wings one-sheet. We knew that this would be an irresistible piece to many collectors when we listed it with a pre-auction estimate of $25,000-$35,000. As the bidding went on, though, it became apparent that our estimate was far too low. We were thrilled when the final hammer fell at an astonishing $86,250!"

"Another piece that far exceeded expectations," Smith continued, "was the Douglas Fairbanks Thief of Baghdad one-sheet, which brought $54,625 over our initial estimate of $20,000-$30,000."

"I'm happy to report that vintage movie poster collecting is alive, well and thriving," Smith said, "as this auction more than proves, and Heritage is proud to be in the forefront of this exciting and vibrant hobby!"

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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 coins is technically considered a pattern?
       1856 Flying Eagle Cent
       1859 Half Dime
       1861-S Double Eagle, Paquet Reverse
       1883 No Cents Liberty Nickel
       1916 Standing Liberty Quarter


2. After the SS Central America was salvaged, exhaustive die studies were performed on the many 1857-S Double Eagles that were recovered. Which of the following is not a variety of 1857-S Double Eagle?
       Bold S
       Broken A
       Narrow Serif
       Spiked Shield
       STATESOF



Last week's questions:

1. Which of the following denominations of US coins has never featured a bison?
Correct Answer: Ten Dollars (41%).

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

Correct Answer: 1998 Proof Platinum Eagle (13%).

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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. 22
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Nov. 20
from noon to 10:00 PM
View Lots
Rare Currency
Closes Tues. Nov. 30
at 10:00 PM
View Lots

Rare Coins
Location: Dallas, TX
Auction: 2005 December Dallas Online Session #399
Auction Dates: December 19, 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 20, 2005 at 10:00 PM
View current auctions.

HeritageComics.com
Comics, comic art and more...
Closes Sunday, November 20, 2005 at 10:00 PM
View current auctions.


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Weekly Specials

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