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January 20, 2006
This Week In Coin & Currency News
Heritage Presents Our 2006 11th Annual Auction Survey
Heritage Brings Auction to Long Beach!
New York World Coin Auction Realizes Over $3 Million
Website tips: MyCollection
Numismatic Glossary
Help Wanted: Numismatist
Around Heritage Galleries
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2006 April Atlanta, GA (ANA) Signature Auction
Current Auctions: 2006 January Dallas, TX The Jules Reiver Collection, 2006 February Long Beach Signature Auction, 2006 January Dallas, TX The Jules Reiver Collection Online Session, 2006 February Long Beach 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 Presents Our 2006 11th Annual Auction Survey
You Can Win a Certified Brilliant Uncirculated $20 High Relief!

Welcome to Heritage's 11th Annual Auction Survey! You can win a Certified Brilliant Uncirculated $20 High Relief, free gold coins, and other valuable prizes:

  • Grand Prize: Certified Brilliant Uncirculated $20 High Relief!
  • Second Prize: Five winners can auction up to $100,000 of their coins for free (no seller's commission).
  • Third Prize: Ten winners can auction up to $50,000 of their coins for free (no seller's commission).
  • Mint State Saints: In addition to the Grand Prize, there are three more ways to win!
    • Provide your ANA member number. You will then be entered in a special drawing, with one Saint given away for every 1000 members responding.
    • Provide your e-mail address. A special bonus drawing will be held.
    • Or enter to win on our website: HeritageGalleries.com/Coins
  • All respondents receive a coupon to auction one coin valued above $1,000 free of seller's commission ? a $50+ value!
  • Plus, anyone who fills out the survey and requests it, will receive a free copy of "The Collector's Handbook" on estate planning ? the PNG Book of the Year and the NLG Award for Extraordinary Merit.

Heritage is America's #1 Numismatic AuctioneerTM. In 2006, Heritage is the official auctioneer for F.U.N., the ANA in Atlanta, all three Long Beach Expos, both Palm Beach shows, and Central States in Columbus, OH. On our world-famous website, you'll find Signature Auctions, OnLine Auctions, Exclusively Internet auctions, Continuous Internet Auctions, Heritage Currency Auctions of America Signature Auctions, Heritage World Coin Auctions, and Internet Currency auctions. Free members-only services such as MyWantList,TM MyCollection,TM and MyHeritageTM are available on our award-winning website, HeritageGalleries.com/Coins. Come visit to view full-color photographs of coins and currency, starting bids, pop reports, our Permanent Auction Archive, and current pricing resources!

By answering all of these questions fully, you can help Heritage provide more record-breaking events in 2006 and beyond. And remember, one lucky respondent who fully answers this confidential survey will:

WIN a CERTIFIED BRILLIANT UNCIRCULATED $20 High Relief!

Your confidential, completed survey must be received at Heritage by March 3, 2006, to participate in the drawings. Only one entry per person is eligible to win. Thank you, and good luck!

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Collector News
Heritage Brings Auction to Long Beach!

Heritage Galleries & Auctioneers (HG&A) will return to Long Beach, CA, February 9-11, 2006 to hold our latest Long Beach Signature Auction as official auctioneers of the Long Beach Coin and Collectibles Expo.

Every Signature Auction is special in some way, and this one is certainly no exception. Whatever American coin series you collect, you will find items to excite your collecting instincts in our Long Beach auctions. Along with these 4209 Signature lots, you also have the opportunity to view, bid upon and buy 3366 lots in our Long Beach Online Session. Thousands of successful bidders will be adding important coins to their collections.

Our outstanding anchor consignments start with The Leslie E. Lunsford Registry Collection of Morgan Dollars. Mr. Lunsford chose to pursue a complete collection of Morgan dollars in the highest grades possible (which makes the collecting task gargantuan). His success is measured by his #7 ranking on the PCGS Registry for the Morgan Dollars Basic Set, 1878-1921. Such is his collecting spirit that even after deciding to consign, the acquisition of another beautiful dollar for his collection was still important! The enduring popularity of the Morgan adds to the challenge of completing such a lovely set, as the finest coins are scattered across thousands of collections. After this Long Beach, this premier collection will likewise be scattered to dozens of very happy bidders.

Highlights of The Leslie E. Lunsford Registry Collection of Morgan Dollars include:

The consignor of the marvelous Westmoreland, Virginia Collection is an expatriate whose love of early American coins has never diminished. For more than a decade, he pursued Capped Bust halves with a special passion and purpose - each coin selected had to be both eye-appealing and in the Condition Census for the die variety. His accomplishment will thrill specialists in this difficult series.

Highlights of the Westmoreland, Virginia Collection include:

Along with these collections and our other two anchor collections, The Carolina Gold Collection, Part Two and The Diamond Collection, Part Two, we have our usual selection of outstanding rarities and great coins. Perhaps chief among these is a breathtaking 1795 Flowing Hair Silver Dollar, graded by NGC as MS65 with a well-deserved designation for exceptional eye appeal that you simply have to see to appreciate. It joins another coin of the date, graded a "mere" MS63, to highlight our selection of Early Dollars.

Highlights of the February Long Beach Signature Auction include:

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

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New York World Coin Auction Realizes Over $3 Million

Heritage World Coin Auctions (HWCA) brought 2006 in with a bang as its latest auction of rare world coins and currency realized $3,012,030 in New York on January 8-9. 2,905 total bidders participated, 689 of them successfully, for 2,701 total lots. This brings Heritage's overall auction total for the weekend, including their U.S. Coins Signature Auction (#394), the Heritage Currency Auctions of America (CAA) Signature Auction (#396), both of which were held as official auctioneer of the F.U.N. Convention in Orlando, FL, and the connected Online session, to over $47 million.

This was the second highest total HWCA has ever realized in any auction, barely trailing our auction of the Belzberg Collection of Canadian Coinage in 2003. The current high demand for British material meant that our outstanding selection of these coins fared exceptionally well, as led by a 1937-dated brass Threepence of the abdicated King Edward VIII. Believed to be unique, this pattern is so desirable and so rare that the former King was unable to obtain one for his own collection. A fortunate collector was able to secure the piece in this auction for $48,875.

However, the star of the auction was unquestionably the Carlos and Joanna 8 Reales, struck in Mexico in 1538 and considered among the most valuable Latin American coins, if not the most valuable. Believed lost to posterity for over four centuries, three of these silver dollar-sized pieces were recovered from a shipwreck in the early 1990s. This coin, the finest of the three, realized $373,750, a new auction record for a Latin American coin.

Because of these strong results and the robustness of the market, we are anxiously awaiting our next HWCA Signature Auction, to take place in Long Beach, CA on June 1-2.

Auction highlights included:

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

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Website Tips: MyCollection

MyCollectionTM is a free, confidential record of coins that you own, buy, or sell. It is designed to help you track information about - and current market value of - your collection. Taking a step further from our on-line Price Guide, MyCollection allows you to actually store records on-line for easy reference, real-time valuations, and printouts for insurance or estate purposes.

Features:

  1. You will instantly know the current market value of your coins.
  2. You can use a bar code scanner for NGC and PCGS certified coins for quick data entry into your collection.
  3. You can see the auction prices realized history of each coin in your collection with one click.
  4. You can subdivide your collection into as many different collections as you want.
  5. You can assign each coin within your collections to categories of your own choosing.
  6. You enjoy absolute privacy. Your information will not be shared with, or sold to, any third party for any reason.
  7. If you have purchased coins from Heritage, all of your coins will appear automatically in a "collection" called "Coins from Heritage".
  8. Demand Rating. A demand rating is displayed for each coin in your collection. The ratings are derived from our MyWantlistTM data, and tell you how many Heritage clients are actively looking for any given coin.
  9. Sell Now Option. Alert a Heritage representative that you are interested in selling some or all of your collection by clicking on the link in the "Interested in Selling" box on every page.

MyCollection is easy to use, but best of all — you are in control. You choose how to organize your collection. Get started now by signing in and setting up your first collection.

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Numismatic Glossary:

Melt Value: The value of the precious metal content of a coin. Also known as bullion value or melt. Many coins that are not rare have value solely because of the metal they contain, and melt value is a good basis on which to calculate this value. For each $1.3824 in silver value per troy ounce, US Dimes, Quarters, and Half Dollars minted from 1873-1964 have a melt value of one times their face value. This means that at a silver price of $9.04, as this is being written, these silver coins are worth slightly over 6.5 times their face value.

Other common coins' melt values are:

Coin Melt Equals Face Value At Melt Value Today
Dimes, Quarters, Halves 1873-1964 $1.3824/ounce 6.54 times face
Silver Dollars $1.2929/ounce 6.99 times face
Half Dollars 1965-70 $3.3807/ounce 2.67 times face
Wartime Nickels 1942-45 $0.8887/ounce 10.17 times face
US Gold Coins $20.6718/ounce 27.00 times face

This is calculated at a silver price of $9.04 per ounce and a gold price of $558.20 per ounce. Note that these are very high figures historically.

Hammer Die The movable die that strikes a planchet. The stationary die on which the planchet rests is called an anvil die.

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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

A Great Start for the Comics Auction

Heritage Galleries and Auctioneers (HG&A) is currently holding their 2006 January Comic Auction #819 in their Dallas headquarters. On January 19, nine of the Top Ten Most Valuable Comic Books, as designated in the current edition of The Official Overstreet Comic Book Price Guide, were offered for auction. Seven of the books sold, led by the finest known copy of Flash Comics #1. Graded an incredible NM+ 9.6 with Off-white to white pages by CGC, and notable for the introduction of several enduring characters, this Mile High-pedigreed book realized an incredible $273,125.

The remaining books realized, as follows:

  • Action Comics #1, CGC-graded Apparent VF- 7.5 Moderate (P) with Off-white to white pages, realized $69,000. First appearance of Superman.
  • Detective Comics #27, CGC-graded Apparent FN 6.0 Slight (P) with Off-white to white pages, realized $61,065. First appearance of Batman.
  • Superman #1, CGC-graded Qualified VG 4.0 with Cream to off-white pages, realized $28,750. The first comic book devoted to Superman.
  • All-American Comics #16, CGC-graded Apparent VF+ 8.5 Extensive (P) Off-white pages, realized $15,266. The origin and first appearance of the Green Lantern.
  • Batman #1, CGC-graded VF- 7.5 with Cream to off-white pages, realized $51,750. The first comic book devoted to Batman, and the first appearance of both the Joker and Catwoman.
  • Captain America Comics #1, CGC-graded VF/NM 9.0 with Cream to off-white pages, realized $96,686. The Kansas City pedigree copy of the first book devoted to this Nazi-fighting superhero.

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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. The 1970-S Small Date Cent variety is also known as which of the following?
       High 7
       Low 7
       Narrow Date
       Petite Date
       Wide Date


2. Voyageur refers to the reverse of which Canadian coin denomination?
       Half Dollar
       Loonie Dollar
       Nickel Five Cent
       Silver Dollar
       Tombac Five Cent



Last week's questions:

1. On an early silver dollar cataloged as, for example, "B-6, BB-25, R.3", what does the 'B' stand for?
Correct Answer: Bolender (45%).

2. What was the first year of issue of the Classic Head design for gold coins?
Correct Answer: 1834 (47%). This is the Series of 1899 Silver Certificate.

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Is It Time To Sell?

The Atlanta ANA Advantage

Heritage delivers for you all of the advantages needed to achieve top market prices in our 34th Official ANA Auction...

  • The hottest rare coin market ever
  • A numismatic venue of tradition — Atlanta
  • The incredible demand of motivated ANA visitors
  • Demand from 220,000+ registered bidder-members on our website
  • Our exclusive Permanent Auction Archives enshrine your collection
  • Marketing your consignment to the world
  • Our exclusive Interactive Internet bidding systems to maximize prices
  • Award-winning catalogers and the best images on the web or in print
  • The most experienced ANA auctioneer

Only Heritage, the world's numismatic auction leader, delivers all of these advantages, making this a truly exceptional selling opportunity. This was the same decision made by the consignor of the magnificent Duke's Creek Collection of Dahlonega Gold. Great anchor collections like this ensure that the attention of the numismatic world will be focused on Atlanda and on your coins.

To participate in this auction, please call our Consignor Hotline today: 1-800-872-6467, ext. 222

2006 April Atlanta, GA (ANA) Signature Auction
Sale on April 7 to April 9, 2006
Consignment Deadline: February 23, 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. 24
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Jan. 22
from noon to 10:00 PM
View Lots
Rare Currency
Weekly Format
Closes Tues. Jan. 24
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: Long Beach, CA
Auction: 2006 February Long Beach Signature Auction #400
Auction Dates: February 9-11, 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 Online Session #391
Auction Dates: January 30, 2006
Note: Internet Absentee Bidding Ends between 6 PM and 10 PM CT.
Browse Lots by Category

Rare Coins
Location: Long Beach, CA
Auction: 2006 February Long Beach Online Session #401
Auction Dates: February 13, 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 22, 2006 at 10:00 PM
View current auctions.

HeritageGalleries.com/Comics
Comics, comic art and more...
Closes Sunday, January 22, 2006 at 10:00 PM
View current auctions.


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Weekly Specials

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E-mail of the Week

I continue to be impressed with the prices realized from the several auctions that have now closed. I am also impressed with all of your and your colleagues' efforts regarding the listings of my wife's numismatic material. I plan to write a letter to Steve Ivy regarding what is panning out to be a very postive experience once all the auctions have been cleared, and I'll continue to keep the owner of the other (better) half of the collection informed in case he should decide to sell.

I was particularly impressed with the prices realized for the foreign coins in the 2006 January New York Signature Auction.

K.H., Pennsylvania




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