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January 13, 2006
This Week In Coin & Currency News
Over $42 Million Realized from F.U.N. Auctions!
Legendary Rarity Sells for $3.3 Million
Website tips: Hide Unwanted Bids
Numismatic Glossary
Help Wanted: Numismatist
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 Dallas, TX The Jules Reiver Collection Signature Auction, 2006 January Dallas, TX 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
Over $42 Million Realized from F.U.N. Auctions!

Heritage Galleries & Auctioneers held its most recent Signature Auction January 4-7, 2006 as the official auctioneer of the Florida United Numismatists Convention. The auction of 7,431 U.S. Coin lots realized $34,902,710, although after auction sales are still ongoing.

The marquee coin was a 1927-D Saint-Gaudens Double Eagle, NGC-graded MS65, which realized $1,322,500. This classic 20th century rarity, one of no more than fifteen known of the date, is the key to a popular series that is filled with rarities. Only the virtually unobtainable 1933 is a rarer issue among not only Double Eagles but any 20th Century US Coinage.

Another classic rarity represented in this auction was the 1860 $20 Clark, Gruber & Co. Twenty Dollar piece. Every bit as rare as the 1927-D mentioned above, this territorial gold piece had never before graced a Heritage auction. We were fortunate to be able to offer the finest known example, a near-Gem with semi-prooflike surfaces that earned it the designation from NGC for exceptional eye appeal.

Our most recent Currency Signature Auction as the official auctioneer of the Florida United Numismatists Convention took place on January 6-7, 2006. The auction of 4,748 lots realized $7,579,247, although after auction sales are still ongoing.

The star of this show was undoubtedly the 'Del Monte' note. Although by no means the most expensive note in the auction, this legendary error, in which a Del Monte banana sticker was affixed to a $20 bill during the printing process, received international publicity, including a featured spot on NBC's The Today Show. Purchased by a couple who read the AP story in the Fort Worth Star-Telegram, the note, which previously sold on eBay for $10,000 in 2004, realized $25,300 in our auction.

This is a great start to what will surely be another outstanding year. 2005 was Heritage's best year ever, and we are looking forward to 2006 being even better. The fact that this auction saw the sale of the first $1 million+ coin of 2006 is a great way to start a new auction year.

Signature Auction highlights included:

Currency Auction highlights included:

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

Images, descriptions, and prices realized from the F.U.N., as well as all previous Heritage auctions, are available in the Permanent Auction Archives.

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Legendary Rarity Sells for $3.3 Million

Heritage Galleries & Auctioneers (HG&A) recently sold an 1885 Trade Dollar to an anonymous collector for $3.3 million. This is the highest priced coin Heritage has ever sold either through auction or direct sale.

The story of the 1885 Trade Dollar is well known. Trade Dollars had been minted between 1873-1878 for circulation in the Orient, and proof issues officially continued until 1883. Proof Trade Dollars dated 1884 and 1885 were discovered many years later in 1908 when they were offered for sale from the collection of William Idler, a numismatist who possessed outstanding connections at the US Mint.

The 1884 is a fantastic rarity in its own right with a mintage of only ten coins, with a specimen recently selling in our November Dallas Signature Auction for $603,750. However the 1885 is an even more legendary and rare coin. It enjoys immense demand and has been seen only twice at public auction in this century.

This coin, graded Proof-66 by NGC, is the finest of the five 1885 Trade Dollars minted. It was purchased through private contract by a dedicated collector who is currently assembling one of the finest collections in the United States. We are thrilled to be able to help this collector reach his numismatic goals.

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Website Tips: Hide Unwanted Bids

We talk to bidders in our auctions all the time, and we've found that most fit into one (or more) of the following categories:

  1. The Serious Bidder. Does his homework and enters bids on everything he wants as soon as he knows what he wants to bid.
  2. The Treasure Hunter. Bids on many items low - just in case he wins.
  3. The Watcher. Places tiny bids on items he's interested in with the idea of coming back later and entering a competitive bid.
  4. The Sniper. First cousin to the watcher, he comes back in the last ten minutes of the auction and places his bids.
  5. The Casual Bidder. Possibly a novice to the site, he might find a coin he wants and enter a bid or two.
  6. The Tester. Places a $1 bid on a $1000 item to see how the bidding process works. We actually encourage this; just be sure that if you win you are willing to pay what you bid for the item.

No matter which of the above you fit - even if it's all of the above - some of you may find at some point that you no longer have any interest in some of the coins you have bid on, In the past, the Heritage MyBids page has always shown you all of your bids, regardless of amount, regardless of whether the bid was winning, losing, or even serious. Now, after a number of website users have requested this feature, we are providing a way for you as a bidder to follow only the bids you are actually interested in.

To hide a bid listed on your MyBids page, select it by checking the checkbox to the left of the listing. Above the listing, there is a button "Hide Selected". Click this button and it will hide all bids you have checked.

You can see how many bids you have hidden on the "Show All" button. Click this button in order to see all of your bids.

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Numismatic Glossary:

Turban Head: AAnother named for the Capped Head and Capped Bust series of the early 19th Century.

Die Cap A coin that sticks to the hammer die, in effect becoming a die in its own right. Called a Die Cap because as it strikes blank planchets it will tend to cover the die completely, usually in a cupped shape. Coins struck with die caps are brockages.

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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

Rare Wild West Archives to be Auctioned by Heritage!

Heritage Galleries & Auctioneers (HG&A) will offer a fascinating collection of documents detailing the history between Lt. Charles Gatewood and famed Indian leader Geronimo, including a rare Geronimo autograph, in our upcoming Books, Autographs and Manuscripts auction, to be held February 20 & 21, 2006 in Dallas, Texas, and simulcast in New York City.

"Almost entirely lost to history until the movie 'Geronimo' depicted him as a major character, Lt. Charles Gatewood was the man who was assigned by Brigadier General Nelson Appleton Miles to proceed into Mexico and convince Geronimo and his small band of Apaches to surrender," said Tom Slater, Director of Americana auctions for HG&A. "Although Miles had been unable to capture the Indians previously, Gatewood was successful in his endeavor, for he had spent many years learning the culture and language of the Indians."

"After a long, hard ride down into the interior of Mexico," Slater continued, "Gatewood met up with Geronimo on August 25, 1886, and approached him and his band, unhorsed and unarmed. Gatewood then read Miles' message to Geronimo; 'Surrender, and you will be sent to join the rest of your people in Florida, there to await the decision of the President as to your final disposition. Accept these terms or fight it out to the Bitter end.' After a delay that Gatewood described as a 'silence of several weeks,' Geronimo explained that he would only surrender if he was allowed to return to his farms in Arizona, and continue life there as it once was. Unhappily, Geronimo would never again see the land of his birth."

"Eventually, Gatewood gained the complete trust of Geronimo, and led the Indians back to the border, thus ending the Apache wars," Slater said. "Ironically, Miles soon grew so jealous of Gatewood's fame as a result of his historic mission that the Lieutenant was sent out to the Dakota's and lived out the rest of his life in near anonymity. As for Geronimo, he was never given the right to return to his home in Arizona and was subjected along with his people to hard labor. At the end of his life he was, however, treated as something of a celebrity, appearing at fairs and shows and even in President Theodore Roosevelt's 1905 inaugural parade. He died in 1909, a victim of tuberculosis."

"The lot featured in this auction consists of two letters," Slater added, "one about the capture of Geronimo, and one about an interview with Geronimo, which contains the Indian leader's signature on a small piece of tissue paper. As an aside, a signed sepia cabinet card photo of Geronimo sold in our April 2005 auction for $12,650. Also included in the lot is a modern book called, 'Gatewood and Geronimo' by Louis Kraft; three CDV's of Gatewood dating from 1871-1873, all measuring 2.5" x 4.5", and each one inscribed on the back by Gatewood himself; a small visiting card with Gatewood's signature (printed); two cabinet cards depicting Gatewood, measuring 4.5" x 6.5 each; a tintype of Gatewood later in his scout uniform measuring 3" x 3.5", housed in a union case which no longer has a working hinge; a Charles Gatewood signed copy of 'Class of '77 (West Point)'; 3 cabinet cards of Gatewood's wife, Georgia, measuring 4.5" x 6.5" each; two cabinet cards featuring two of the Gatewood children, Emily and Charles Junior, measuring 4.5" x 6.5" each; an albumen print of Gatewood, Geronimo and his band of Apaches taken at Fort Apache, measuring 10" x 8"; and 2 newspaper clippings containing Gatewood's obituary."

The Gatewood/Geronimo archive has a pre-auction estimate of $10,000 - $12,000.

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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. On an early silver dollar cataloged as, for example, "B-6, BB-25, R.3", what does the 'B' stand for?
       Berkman
       Bolender
       Borckardt
       Bowers
       Breen


2. What was the first year of issue of the Classic Head design for gold coins?
       1809
       1821
       1834
       1835
       1838



Last week's questions:

1. Which of the following modes of transportation has not yet been depicted in the Statehood Quarter Series?
Correct Answer: Locomotive (75%).

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

Correct Answer: $5 (77%). This is the Series of 1899 Silver Certificate.

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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. 17
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Jan. 15
from noon to 10:00 PM
View Lots
Rare Currency
Weekly Format
Closes Tues. Jan. 17
at 10:00 PM
View Lots

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: Dallas, TX
Auction: 2006 January Dallas, TX Online Session #391
Auction Dates: January 30, 2006
Note: Internet Absentee Bidding Ends between 6 PM and 10 PM CT.
Browse Lots by Category

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 15, 2006 at 10:00 PM
View current auctions.

HeritageGalleries.com/Comics
Comics, comic art and more...
Closes Sunday, January 15, 2006 at 10:00 PM
View current auctions.


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Weekly Specials

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