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January 6, 2006
This Week In Coin & Currency News
Heritage Presents The Jules Reiver Collection!
Best Year Ever for Heritage Galleries!
A World of Money: An Exceptionally Rare Palestinian Note
Website tips: MyNotes
Numismatic Glossary
Help Wanted: Numismatist
Heritage Offers Huge Discounts on NumisMedia Guides
Around Heritage Galleries
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2006 March Palm Beach Signature Auction
Current Auctions: 2006 January (CAA) Orlando, FL Signature Auction, The Bill Gale Collection of Kentucky National Bank Notes, 2006 January (HWCA) New York Signature Auction, 2006 January Dallas, TX The Jules Reiver Collection Signature Auction, 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
Heritage Presents The Jules Reiver Collection!

Heritage Galleries & Auctioneers (HG&A) is proud to offer the Jules Reiver Collection of U.S. Coinage at auction on January 24-28, 2006 in our Dallas, Texas headquarters.

Jules Reiver was passionate about everything he did in his storied life, from his early days in Wilmington, Delaware where he worked in his parent's flooring store, to his service in World War II for which he was awarded the Bronze Star for his part in the Battle of the Bulge, to his life in numismatics.

That passion is reflected in the Jules Reiver Collection of U.S. Coinage. Ranked among the greatest numismatists of the Twentieth Century, Mr. Reiver established a hobby-wide reputation for his discerning eye, inquisitive mind, and generosity with his knowledge over five decades of dedicated collecting. His collection evolved to focus on die varieties and die states of all U.S. silver and copper coinage from 1793 through 1839, which, over the ensuing 40 years, would become the most complete collection of its kind. Before his final purchases, he had amassed more than 5,000 significant issues, representing a landmark achievement in the history of American numismatics.

The Reiver Collection includes items from most 19th and early 20th century copper, nickel, and silver series, but is nearly complete in the 18th and early 19th century copper and silver issues. Concentrating on the earliest United States coinage issues from 1793 to 1838, from Half Cents through Bust Dollars, there are only a few varieties that are missing. Mr. Reiver had nearly complete die variety collections of United States half cents, large cents, early half dimes, early dimes, early quarters, early half dollars, and early silver dollars. His collection was possibly the most complete of any collector to date. He also collected Liberty Seated coinage, as well as other 19th and 20th century issues."

Not only was Mr. Reiver a collector and student of numismatics, whose most active period of collecting was from the mid-1960s through the early 1990s, but he was also an author who wrote several publications focused on the early copper and silver series. His Variety Identification Manuals brought a scientific approach to die variety attribution, while his attribution guide to the Braided Hair Large Cents formed the basis for the current standard reference to that series. Mr. Reiver was also a pioneer in the collecting of Reeded Edge Capped Bust Half Dollars, and those who pursue this series could not do so without his Variety Identification Manual for United States Reeded Edge Half Dollars.

Highlights of the Jules Reiver Collection include:

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

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Best Year Ever for Heritage Galleries!

Heritage Galleries & Auctioneers (HG&A) reported $477,802,341 in net sales for 2005, by far the best overall year in HG&A's history. This figure represents results from all of HG&A's departments, and includes $304,058,341 in auction sales and $173,744,000 in private treaty sales. Compared to 2004, which reported total sales (auction and private treaty) of $321,481,822, 2005 saw an overall increase of approximately 48.6%. Total auction sales in 2005 (excluding private treaty sales) were $304,058,341, a 66.3% increase over 2004's $182,790,132.

This was an exceptional year, right from the very beginning. We started the year with a record-breaking auction at the Florida United Numismatists convention - over $61 million, making it the biggest coin and currency auction ever held - and went on to break record after record as the year progressed. February saw Heritage set a new record for currency auctions - better than $12 million in an auction held in our Dallas, TX headquarters - and by December, Heritage had sold six of the top 11 coins of 2005, including all of the top four!

Our World Coin department turned in some exceptional results this year, including a record price of $431,250 for a 1643 Charles I Gold Triple Unite, making it the second most expensive British coin ever sold.

Currency was a hot area in 2005, with Heritage claiming the record for the largest currency auction ever, the $12 million Dallas event held in February, and a new record set for small size US notes - a 1928 Federal Reserve note with a face value of $10,000 that brought $241,500 in the same auction. This contributed to a record year for this department, which demonstrated a 106% increase over 2004, bringing their total to $36,049,300.

One of the most exciting events of 2005 was the addition of Dr. Edmund P. Pillsbury to the HG&A staff. As Managing Director - Fine and Decorative Arts, Dr. Pillsbury is positioned to establish HG&A as a major player in this fascinating field. Already, HG&A is gaining a reputation as a serious voice in Fine Arts, especially after our November auction, in which Norman Rockwell's stunning painting, The Song of Bernadette, realized $478,000. Overall, our Fine Arts department demonstrated a significant increase over last year. In 2004, Fine Arts posted overall results of $1,135,934. This year that number increased by over 450%, to $6,271,131.

Heritage Comics had a great year in 2005, with a new record set for the sale of a single page of original comic art - $195,500 paid for the Batman #11 original cover from 1942. Movie Poster results were equally impressive, as evidenced by the fact that Heritage now holds the world-record for the largest Vintage Movie Poster auction ever held, at $1.56 million for our November auction. Reporting a respectable 2004 total of $2,122,505, those results more than doubled in 2005, with total earnings from Movie Poster sales at $4,348,659.

2005 was also a strong year for our Sports department. May saw the sale of a 1954 game worn Mickey Mantle jersey for $119,500, while in November, a 1911 Addie Joss Day panoramic photo sold for $89,625, a record for an unsigned sports photo. With a 146% increase in earnings over 2004 - $4,636,463 in 2005 as opposed to $1,877,886 in 2004 - our Sports department is poised to dominate the field in the coming years.

Of all the HG&A Departments, none garnered more publicity than our Music & Entertainment division. In April, the eyes of the world were on Heritage, as Johnny Carson's Tonight Show microphone hit the auction block and sold for a staggering $50,787 to a private collector. The October auction was equally exciting, as Johnny's Tonight Show desk was offered, realizing $38,837.

It was very exciting to watch the growth of our Political Memorabilia & Americana department in 2005. A significant letter hand-written by the important Romantic poet John Keats sold for $126,500 in April, and subsequent auctions offered rare and personal items from such intriguing historical figures as Howard Hughes and Amelia Earhart. In 2004, this department was responsible for $364,666 in total sale. In 2005, that number rocketed to $3,047,267! Without a doubt, this was the year that rocketed HG&A to the top of the Political Memorabilia & Americana field.

All figures include HG&A's Buyers Premium. These auction figures only include those items that actually met reserve and do not include consignor buy-backs.

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A World of Money: An Exceptionally Rare Palestinian Note

In our upcoming HWCA Signature Auction, to be held January 8 & 9 in New York City, Heritage Galleries & Auctioneers will offer a British Administration 100 Palestine Pounds 1 September 1927. This is one of the most storied and sought after banknotes in the world. The Bank of England records have long documented that only six issued notes were not redeemed, and five are now known. This count does not include the serial number one 1927 note recently discovered in Israel.

The note, which is serial numbered A000719, displays minor graffiti in the margins, and a missing left upper corner tip. It is in F-VF condition.

The Palestine 100 Pounds has been a centerpiece for collections such as Berlin, Kagin and Fisher, and is the Holy Grail for any collection of the Middle East. For decades it has been impossible to obtain this type and now with this offering, one collector will be able to add his name to the impressive list of numismatists who have owned this piece of history.

The British Administration 100 Palestine Pounds 1 September 1927 has a pre-auction estimate of $150,000.

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

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Website Tips: MyNotes

Ever wanted to have a quick, convenient place to take notes about a lot that interests you in a Heritage Auction? Now you have that opportunity, and you need not look for pen and paper to do it. Heritage now provides you the opportunity to keep notes on our website on any item that shows up in any of the following places:

  • MyBids
  • MyTrackedLots
  • MyConsignments
  • MyWantlist Matches

When you visit any of these pages, you will see two buttons - "Add/Edit note" and "Remove Note" immediately above your listings. At the far left of each of these listings is a checkbox. Check any or all of the items on which you wish to enter notes. If you want to take notes on every item in your listing, click on the checkbox at the top. Once you have checked every item you wish to edit, click on the "Add/Edit Note" button.

Here, you will see a listing of every item you have chosen to enter, complete with description, lot number, and thumbnail image. Make any edits you wish, and then click on any "Save" button to save all of your edits. Note that you will be limited to 256 characters of notes on any one item, or about 50 words or so. The bottom of each listing will show you the amount of room you have remaining.

Once you've entered your notes, they will instantly be visible from your MyBids, MyTrackedLots, MyConsignments, or MyWantlist Matches listings, immediately below the short description of the item. You can enter notes on items in present, past, and even future auctions, so long as they show up in one of these listings.

To remove a note, just click on the checkbox to the left of the item and click "Remove Note."

MyNotes is a tremendous tool for you as a bidder, with an array of uses that is limited only by your imagination. Keep an eye out for more new features, on the way soon from HeritageGalleries.com!

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Numismatic Glossary:

Toning: As coins age, they usually change color, or tone, due to contact with air flows and their environment. We all know that copper coins turn from red to brown, but even red copper coins may gain perhaps green, gold or blue highlights over time. Nickel coins may gain some golden color or develop soft blue surfaces, and silver coins can boast a wide palette of colors. Some consider this tarnish, while the vast majority of experienced numismatists prefer coins with original toning.

Certain toning patterns are often considered especially attractive - bag toning for silver dollars that spent decades with one side pressed up against a canvas bag and album toning from certain older coin albums are two types of toning that are particularly popular. Other types of toning include tab toning, found on early commemoratives that were kept in their original packaging, and mint set toning, found on 1947-1958 coins that were issued in mint sets. A coin with extreme toning is called monster toned.

As with anything else in numismatics, eye appeal figures into value, and a particularly attractive toned coin might bring a significant premium over an ordinary coin of the same date and grade. Some dealers, in fact, specialized in attractively toned coins. However, these premiums also invite people to simulate natural toning, leading to something that is called artificial toning.

Artificial toning is generally considered to be any attempt to recolor a coin in order to simulate the effects of natural toning and to increase its value. This may take the form of a chemical bath, heat treatment, exposure to certain non-inert substances, or others. People especially skilled in artificially toning a coin are known as coin doctors.

It takes experience and practice to be able to detect artificial toning. Robert Campbell, former ANA President, has created a video, How to Tell Artificial Toning on Coins, which is available from the ANA and other numismatic sources.

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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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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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Around Heritage Galleries

Dracula Puts the Bite On!

Heritage Galleries & Auctioneers (HG&A) will offer a rare first edition of the book Dracula, signed by author Bram Stoker, in their upcoming Books, Autographs and Manuscripts auction, to be held February 20 & 21, 2006 in Dallas, Texas, and simulcast in New York City.

"Dracula is, without a doubt, one of the most significant Gothic novels ever written," said Tom Slater, Director of Americana Auctions for HG&A. "Based at least in part on the real-life exploits of the fifteenth-century Wallachian monarch Vlad Tepes, better known as 'Vlad the Impaler,' Stoker's Dracula has become imbedded in our cultural psyche as the undead embodiment of evil, a blood-drinking nosferatu that has brought thrills and chills to millions for over a century."

"Prior to Stoker's novel," Slater said, "vampires were often thought of as dirty, filthy creatures, horrific in both appearance and behavior. Stoker revolutionized this concept by making his vampire an attractive nobleman, as much at home in a European castle as he was in an English drawing room. It is this concept, immortalized on-screen by the legendary Bela Lugosi, that influences our culture's current fascination with vampires, as seen in everything from the novels of Anne Rice to the cult-favorite TV series, Buffy the Vampire Slayer. The fact is, virtually all the great vampire tales with which the general public is familiar owe a huge debt of gratitude to this very book."

"In researching his novel," Slater continued, "Stoker relied on the assistance of his brother, William Thornley Stoker, a prominent surgeon whose medical notes on transfusions and autopsies were found on Bram's early manuscript of this book, and whose own experience with a mentally ill wife is echoed by that of Van Helsing in the novel. It is to Thornley that this first edition is inscribed by the author."

"The book we're offering," Slater said, "is in good condition, with the covers stained and worn, the corners bumped and the hinges cracked, but still an incredibly desirable and rare copy of a landmark volume. One of the cornerstones of English literature, many collectors spend their entire lives looking for a copy of this great book. An opportunity to acquire a specimen this desirable, especially one personally autographed by the author, is a rare thing indeed, so I'd encourage anyone with even a passing interest to consider well this amazing opportunity.

The autographed, first edition of Dracula, signed by author Bram Stoker, has a pre-auction estimate of $15,000 - $20,000.

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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. Which of the following modes of transportation has not yet been depicted in the Statehood Quarter Series?
       Canoe
       Locomotive
       Race Car
       Sailboat
       Space Shuttle


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

       $1
       $2
       $5
       $10
       $20



Last week's questions:

1. Under which name was the Morgan Dollar originally known?
Correct Answer: Bland Dollar (43%).

2. What is the denomination of the coin pictured in the Pan and Zoom Close-up?

Correct Answer: Dime (63%).

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Is It Time To Sell?

Heritage Loves Palm Beach!

Heritage loves Florida, and well we should. Since 1991, we have sold more than $150 million in rare coins and currency at our auctions in Florida. Of course, our auctions at the Florida United Numismatists conventions are now legendary - especially the record-smashing events we held in 2004 and 2005.

Our first two visits to Palm Beach resulted in auctions totalling nearly $20 million, and although we were forced to move our November 2005 Signature Auction to Dallas at the last minute because of Huricane Wilma, we are so excited about this great numismatic venue that we are returning twice during 2006. We are now accepting consignments for our next Palm Beach Signature Auction, to take place on March 1-4, but the deadline of January 19 is fast approaching. Palm Beach is one of America's fabled cities of wealth, and we already have more than $2 million consigned to this auction, so your success is already assured.

Heritage is the largest auctioneer of rare coins and currency in the world, and we reach more than 160,000 registered numismatic bidders on our website. To take advantage of the strongest market in decades, all you have to do is call. We will take care of all the details necessary to help you achieve the highest possible prices for your rare coins and currency.

Call our Consignor Hotline, at 1-800-872-6467, extension 222, today!

2006 March Palm Beach Signature Sale
Sale on March 1 to March 4, 2006
Consignment Deadline: January 19, 2006

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. Jan. 10
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Jan. 8
from noon to 10:00 PM
View Lots
Rare Currency
Weekly Format
Closes Tues. Jan. 10
at 10:00 PM
View Lots

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: New York City, NY
Auction: 2006 January (HWCA) New York Signature Auction #397
Auction Dates: January 8-9, 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: Dallas, TX
Auction: 2006 January Dallas, TX The Jules Reiver Collection Signature Auction #390
Auction Dates: January 24-28, 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: 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 Sunday, January 29, 2006 at 5:00 PM
View current auctions.

HeritageGalleries.com/Sports
Sports cards, autographs, collectibles, and more...
Closes Sunday, January 29, 2006 at 10:00 PM
View current auctions.

HeritageGalleries.com/MoviePosters
Movie posters, lobby cards and more...
Closes Sunday, January 8, 2006 at 10:00 PM
View current auctions.

HeritageGalleries.com/Comics
Comics, comic art and more...
Closes Sunday, January 8, 2006 at 10:00 PM
View current auctions.


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