Coins/Currency - Comics - Sports - Movie Posters - Fine & Decorative Arts - Americana - Autographs - Entertainment Memorabilia
December 16, 2005
This Week In Coin & Currency News
The Finest Proof Morgan Set of All Time!
The Ron Bozarth Registry Collection
Dallas Signature Auction Realizes Nearly $9 Million, So Far
Seldom Seen Selections: 1837 Proof Quarter Eagle, a Discovery!
Website tips: Navigate Heritage Galleries Websites
Numismatic Glossary
Help Wanted: Numismatist
Around Heritage Galleries
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2006 February Long Beach, CA Signature Auction
Current Auctions: 2006 January Orlando, FL (FUN) Signature Auction, Platinum Nights, 2006 January (CAA) Orlando, FL Signature Auction, The Bill Gale Collection of Kentucky National Bank Notes, 2005 December Dallas On Line Session, 2006 January Orlando, FL FUN 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 Finest Proof Morgan Set of All Time!
Heritage Galleries & Auctioneers is proud to offer the finest all-time set of Proof Morgan Dollars, the JFS Registry Set, at our official January 3-7, 2006 Florida United Numismatists Signature Auction. As one might expect from the consignor of the outstanding JFS Collection of US Commemorative Coins in our 2004 Pittsburgh Signature Auction, this is a spectacular collection — which includes several rare and desirable branch mint proofs. According to the PCGS Registry, this set now stands as:
  • #1 current and #1 all-time Morgan Dollars Basic Set, Proof (1878-1904)
  • #1 current and #2 all-time Morgan Dollars with Varieties, Proof (1878-1921)
  • #1 current and #1 all-time Morgan Dollars with Branch Mints, Proof (1878-1921)

One of the highlights of this collection is the 1893-CC Branch Mint Proof. Graded Proof 64 BM (which stands for Branch Mint) by PCGS, this is only the fifth example of this extremely rare branch mint proof striking we have handled in the past 15 years. Wayte Raymond stated many years ago that only 12 such coins were struck, but we do not know what documentation he used to support this claim. The surfaces of this piece are every bit the equal of proofs struck in the Philadelphia Mint during this era. The coin meets all the criteria for a branch mint proof as set out in an October 1995 Coin World article by HG&A Chief Cataloger Mark Van Winkle, based on direct examination of the branch mint proofs contained in the Anita Maxwell Trust of Silver Dollars.

The surfaces of this piece are brilliant, except for a thin line of grease that was struck into the planchet at the time of manufacture which angles downward from the junction of Liberty's throat and neck. The fields are deeply reflective, and are every bit the equal of a P-mint proof struck in this year. In fact, in some ways it is actually superior--the strike on this coin is absolutely complete, whereas on Philadelphia proofs from 1893 they often show central weakness. The devices are lightly frosted and provide a noticeable two-toned contrast against the deeply mirrored fields. This piece is of the greatest rarity and importance to Dollar collectors.

Another fine piece from this collection is the 1921-S, also graded PR64 by PCGS. The appearance of a 1921-S proof Morgan dollar at a public sale is cause for excitement. It is thought that fewer than 25 of these coins were struck, and their appearance on the market is infrequent. Walter Breen, in his 1977 Encyclopedia of United States and Colonial Proof Coins, refers to what may be the first report of the '21-S proof Morgan: 'Wayte Raymond told me in 1951 that Farran Zerbe had those coins made at San Francisco to go with the Philadelphia proofs from the first dollar dies received at the mint.'

Stuart Mosher, who was in charge of the coin collections in the Smithsonian Institution, elaborated on Zerbe's 1921-S Morgan proof involvement in an article he published in the July 1955 The Numismatist. Mosher said that Zerbe was in California in 1921 awaiting the arrival of the dies that were to be used to strike the first Peace dollars that he had designed. The dies that did arrive turned out to be those for the old Morgan design that had not been coined since 1904. The story goes that Zerbe told the chagrined Mint officials that they could mollify his disappointment 'if they would strike off a few Morgan dollars from the new 1921 dies in proof condition. They were happy to oblige and manufactured about two dozen which he bought and later handed out to his various coin collecting friends.'

The nearly brilliant surfaces of the specimen offered in the present lot display a thin veneer of barely discernible champagne color, accented by occasional speckles of gold-tan patina in the border areas. The design elements are well executed, save for minor softness on Liberty's ear lobe, in the hair above the ear, and on the eagle's breast feathers. A few minor contact marks on Liberty's face and neck, and some wispy hairlines scattered about, preclude a higher grade. Pronounced die striations are also noted around portions of the reverse margins, an angling die scratch is visible through the top of the second 1 in the date, two spots of die polish are seen below the fold in the upper part of the cap, and there is complete die polish between the back of the eagle's neck and left (right facing) wing. The above diagnostics on this issue were first identified by Van Winkle in his investigation of several branch mint proof Morgan dollars (including the 1921-S) from the Anita Maxwell Trust consignment to the 1995 ANA and published in the aforementioned issue of Coin World.

The set, in its entirety, includes:

This and all the other fine collections in our FUN Signature Auction are open for bidding now at www.HeritageGalleries.com/Coins.

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The Ron Bozarth Registry Collection

Heritage is pleased to offer The Ron Bozarth Registry Collection as a featured collection in our upcoming F.U.N Signature Auctions, to be held January 4-7 in Orlando, and January 9 online at www.HeritageGalleries.com/Coins. Mr. Bozarth has been pursuing high-quality Lincoln cents for more than a decade and the results are evident in this set, the #2 All-Time Finest PCGS Registry Collection of Lincoln Cents (Lincoln Cents Basic Set, Circulation Strikes 1909-Present, 238 coins).

Mr. Bozarth began collecting coins from circulation in 1957, when he was eight years old. He was encouraged and inspired by his maternal grandfather, Jack Huellen, who likewise had begun his own coin collection as a boy. During those early years, Mr. Bozarth had a paper route in his hometown of Vineland, N.J. and his primary source of coins came from his customers' payments. Silver coins were still in circulation, and he and his grandfather would sit together at the kitchen table on Saturday mornings and pick out the "promising" ones to be put into his blue Whitman folders. They found Mercury dimes, early Washington quarters, Walking Liberty halves, Standing Liberty quarters, some Barber coinage, and even an occasional Indian Head cent in circulation. It was an exciting time to begin collecting coins, a hobby that turned into a lifetime interest, educational experience, and a profession.

In the following years, Mr. Bozarth's collecting efforts rose or waned according to his commitments to family, country, and career; this culminated in a period of very active collecting during the last two decades. Mr. Bozarth became a Life Member of the ANA and the Central States Numismatic Society, and was active in the hobby locally, on the Internet, and through participation in numerous national auctions. Mr. Bozarth completed all of the correspondence courses available from the ANA, and has attended seminars at the ANA summer conference in Colorado Springs. Mr. Bozarth is currently President of the Johnson County (Kansas) Numismatic Society, the host organization for the 2005 ANA National Money Show.

Among the highlights of this collection are:

A significant number of Mr. Bozarth's cents have been added to supplement the 2006 January Orlando, FL FUN Online Session (#395). If you collect quality Lincoln Cents, you owe it to yourself to review the listings in this auction. You may just find that coin you missed the first time around!

These auctions are open for bidding now at www.HeritageGalleries.com/Currency.

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Dallas Signature Auction Realizes Nearly $9 Million, So Far

Heritage Galleries & Auctioneers held the live portion of our most recent Signature Auction December 13 and 14, 2005, at our headquarters in Dallas, Texas. $8,960,223 was realized for 3,108 total lots sold thus far, with after-auction sales still ongoing. A separate On-Line Session, with bidding ending on Monday, December 19, 2005, is expected to raise the total to nearly $10 million.

This is an exciting way to wrap up 2005, which has proven to be the best year in Heritage's history. The numismatic market this year has been off the charts, and shows no signs of slowing down going into 2006. We're extremely excited about our upcoming F.U.N. Signature auctions in Orlando, to be held January 3-7, which, traditionally, has been one of the strongest events of the year for us.

"This is a great time to be a numismatist," said Greg Rohan, President of HG&A, "and I'd like to take this opportunity, as we enter the Holiday season, to offer a heartfelt 'thank you' to all the bidders and consignors that have helped to make this such an outstanding year. All of us at Heritage look forward to working with you, and serving your collecting needs, in 2006 and for many years to come."

Auction highlights included:

Images, descriptions, and prices realized from the December 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: 1837 Proof Quarter Eagle, a Discovery!

Heritage Galleries & Auctioneers (HG&A) is pleased to offer a rare 1837 Classic Head Quarter Eagle variety, only the third known example with two vertical shield lines, rather than the usual three lines, at our official January 3-7, 2006 Florida United Numismatists Signature Auction.

During the cataloging process for our upcoming F.U.N. auction, Brian Koller made a very significant, and very exciting discovery. Brian, our Catalog Production Manager, brought this piece to the attention of our Senior Cataloger, Mark Borckardt, who confirmed that this is the third known example of this particular variety, and one of only two available to private collectors, the third residing in the permanent collection of the Smithsonian Institute.

This extremely rare variety shows two line vertical stripes in the shield. The 7 in the date is recut, and the A in STATES is high. This is, quite possibly, a Proof-Only variety. The other possibility is that this is the only known non-Proof example of this die marriage. A couple of prominent die cracks bisect the obverse. It displays considerable proof or prooflike luster, but is hairlined, and the initials E.A.G. are nicely engraved above the eagle.

This coin is a bit softly struck in the centers, as are the other known examples, both which are Proof examples. This is only the third example of the die marriage that we have seen or heard of. One example of the variety, as mentioned previously, is currently in the Smithsonian Institution holdings, and another, a Gem Proof, was sold in May 2000 as part of the Harry Bass Collection. That coin had one of the two die cracks, through star 8 and down to TY and the digit 7. However, the other crack apparent on the present coin, through star 6 and across the face to the chin and the lower border just below star 1, was not present on the Bass coin. The reverse has a faint crack through A of STATES, also not present on the Bass coin.

If we are correct in our analysis, this is an incredibly important opportunity for those collectors of Classic Head Quarter Eagle varieties, representing only the third known example. A recent phone call from John McCloskey, who is currently preparing a manuscript on the Classic Head Quarter Eagles, confirms our analysis.

This auction is open for bidding now at HeritageGalleries.com/Coins.

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Website Tips: Navigate Heritage Galleries Websites

In the past few days you may have noticed a change in the way our website looks. Above all Heritage websites you will see a brand new header, pictured above. While this bar is in part designed to let visitors know about all the collectibles fields Heritage serves, it also serves as a means for you as a Heritage customer to instantly move to any Heritage site you wish to visit.

Each of the collectibles fields listed in the bar is actually an active link to another Heritage collectibles portal. The portal you are currently visiting is highlighted by a small arrow, while you can click on any other listed type of collectible, such as Entertainment Memorabilia, (pictured) in order to instantly go to the appropriate Heritage home page.

Of course, you need only sign up with Heritage once in order to participate in auctions in all of our sites. So, if you're a long-time numismatist but also have interest in political memorabilia, for example, just click on "Americana", and see what we have to offer. And, if you find something you like, you're all set up to bid!

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Numismatic Glossary:

Die Adjustment Strike: A coin struck at lower than normal striking pressure in a test of the dies or in the process of starting up a minting press. These pieces show extremely limited striking detail. Although they are struck intentionally, they are considered errors, as they are supposed to be destroyed after they are produced.

Host: The original identity of a coin that has been either overstruck or counterstamped.

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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@HeritageGalleries.com with your background and experience.

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Around Heritage Galleries

Top Ten Most Valuable Comic Books to be Offered in January Auction

Heritage Galleries & Auctioneers (HG&A) will offer all ten of the Top Ten Most Valuable Comic Books, as designated in the current edition of The Official Overstreet Comic Book Price Guide, in their upcoming Comic and Original Comic Art Signature Auction, to be held January 20 & 21, 2006, in Dallas, Texas.

"This is an extremely significant grouping of comics," said Ed Jaster, Vice-President for HG&A, "comprising all of the rarest and most desirable books in existence. To see all of these rare issues in one place at one time is an event that happens, at best, infrequently, and we're proud to be able to present these four-color gems to the collecting public."

"Leading the list, of course, is the landmark Action Comics #1," Jaster said, "which featured the origin and first appearance of Superman himself. Without this book, you wouldn't be reading this today, as this is the single issue that really solidified the concept of comic books as we know them today. The copy we're offering is CGC-graded Apparent VF- 7.5 Moderate (P) with Off-white to white pages, and has a pre-auction estimate of $75,000 and up."

  1. Detective Comics #27 (DC, 1939) CGC Apparent FN 6.0 Slight (P) Off-white to white pages.
  2. Marvel Comics #1 Pay Copy (Timely, 1939) CGC VF/NM 9.0 Off-white pages.
  3. Superman #1 (DC, 1939) CGC Qualified VG 4.0 Cream to off-white pages.
  4. All-American Comics #16 (DC, 1940) CGC Apparent VF+ 8.5 Extensive (P) Off-white pages.
  5. Batman #1 (DC, 1940) CGC VF- 7.5 Cream to off-white pages.
  6. Captain America Comics #1 Kansas City pedigree (Timely, 1941) CGC VF/NM 9.0 Cream to off-white pages.
  7. Flash Comics #1 Mile High pedigree (DC, 1940) CGC NM+ 9.6 Off-white to white pages.
  8. More Fun Comics #52 Larson pedigree (DC, 1940) CGC NM- 9.2 Off-white to white pages.
  9. Whiz Comics #2 (#1) (Fawcett, 1940) CGC FN- 5.5 Off white to white pages.

"For anyone interested in the best and most desirable comics on the market today," said Jaster, "this is an auction you won't want to miss!"

For more information about Heritage's auctions, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HeritageGalleries.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@HeritageGalleries.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.HeritageGalleries.com/Coins!

Answer these quick questions and see how you stack up against your peers.

1. What does "Hot Lips" refer to, numismatically?
       A common variety of Love Token
       An Isle of Man Crown commemorating the M*A*S*H Television Series
       A rare variety of 1827 Half Dollar
       The 1888-O Doubled Die Dollar
       The 1983 Doubled Die Cent


2. Which date/mintmark combination of Morgan Dollar consists entirely of overdate varieties?
       1880
       1880-CC
       1880-O
       1887
       1887-O



Last week's questions:

1. Which of the following is closest in diameter to the Half Cent?
Correct Answer: Quarter (53%).

2. What is the denomination of the coin pictured in this Pan and Zoom image?

Correct Answer: Three Cents (77%).

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Is It Time To Sell?

At the Beach in February

  • $18.5 Million Realized in February
  • $13 Million Realized in June
  • $22 Million Realized in September

These were the results of Heritage's Long Beach Auctions in 2005. How well will these auctions do in 2006? We can't wait to find out.

Heritage's long-time status as the Official Auctioneer of the Long Beach Coin and Collectibles Expo has proven time and again to bring the finest results to our consignors. Call today and find out how you can take full advantage of an outstanding regional show with buyers that are ready to pay top dollar for your outstanding material. And, of course, when you consign you will receive every advantage that all our consignors receive with our over 200,000 registered bidder-members and our unparalleled worldwide reach through the Internet.

Call our Consignor Hotline at 1-800-US-COINS x222 today to find out how you can receive the highest possible return for your coins!

2006 February Long Beach Signature Auction
Sale on February 8, 2006 to February 11, 2006
Consignment Deadline: December 29, 2005

Leo Frese
Director of Consignments
Leo@HeritageGalleries.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. Dec. 20
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Dec. 18
from noon to 10:00 PM
View Lots
Rare Currency
Weekly Format
Closes Tues. Dec. 20
at 10:00 PM
View Lots

Rare Coins
Location: Orlando, FL
Auction: 2006 January Orlando, FL (FUN) Signature Auction #394
Auction Dates: January 4-7, 2006
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.
Browse Lots by Category

Rare Coins
Location: Orlando, FL
Auction: Platinum Nights
Part of Auction #394
Auction Dates: January 5, 2006

Rare Coins
Location: Orlando, FL
Auction: 2006 January (CAA) Orlando, FL Signature Auction #396
Auction Dates: January 5-7, 2006
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.
Browse Lots by Category

Rare Coins
Location: Orlando, FL
Auction: The Bill Gale Collection of Kentucky National Bank Notes
Part of Auction #396
Auction Dates: January 7, 2006

Rare Coins
Location: Dallas, TX
Auction: 2005 December Dallas Online Session #399
Auction Dates: December 19, 2005

Rare Coins
Location: Orlando, FL
Auction: 2006 January Orlando, FL FUN Online Session #395
Auction Dates: January 9, 2006

HeritageGalleries.com/FineArt
Paintings, Silver, Art Glass and Antiques and more...
Closes Wednesday, December 28, 2005 at 10:00 PM
View current auctions.

HeritageGalleries.com/Sports
Sports cards, autographs, collectibles, and more...
Closes Sunday, December 26, 2005 at 10:00 PM
View current auctions.

HeritageGalleries.com/MoviePosters
Movie posters, lobby cards and more...
Closes Sunday, December 18, 2005 at 10:00 PM
View current auctions.

HeritageGalleries.com/Comics
Comics, comic art and more...
Closes Sunday, December 18, 2005 at 10:00 PM
View current auctions.


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