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February 24, 2006
This Week In Coin & Currency News
The Larj Collection at Palm Beach
Found Treasures: 2005 Buffalo Nickel
Website tips: Items Just Like This One
Numismatic Glossary
Help Wanted: Numismatist
Around Heritage Auctions
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2006 April(CSNS) Columbus, Ohio Signature Auction
Current Auctions: 2006 March Palm Beach, FL Signature Auction, 2006 March Palm Beach, FL 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 Larj Collection at Palm Beach

Heritage Auction Galleries is proud to feature The Larj Collection in ourr upcoming Signature Auction, to be held March 2 & 3 at the Palm Beach Convention Center, 650 Okeechobee Boulevard at Florida Avenue, West Palm Beach, Florida.

Among the many great numismatic treasures in this collection is the finest-known proof 1848 Quarter Eagle, graded PR64 by PCGS. When David Akers cataloged this coin as part of the Pittman Collection, he noted that only three positively identified proofs were known to him. In addition to the present coin, he specifically identified the Smithsonian example, and the Woodin-Boyd specimen, later appearing for sale as lot 2669 in Superior's sale of February 1991. A few other examples have been reported over the years, but most such reports were the result of confused or incorrect pedigrees.

It would be hard to improve upon Akers' original description of this coin: 'Very sharply struck on the obverse, but weakly struck on the eagle's left leg and on the left and right talons. (This is characteristic of the other known proofs of this date and also most proof quarter eagles of the 1840's). The fields are deeply mirrorlike and have quite a few light hairlines and minor abrasions. They are more evident on the obverse, particularly in the left field, than on the reverse. The edge is sharp and square and has a partial wire rim.'

The Larj Collection contains quite a number of other great pieces, including the finest known 1822 25/50C Quarter, highlighted earlier in Heritage Coin News; a proof High Relief Double Eagle; an 1898-S Half Eagle graded MS67; and a nearly complete proof set of minor coins from the pivotal numismatic year 1873, to be auctioned individually.

Highlights from Larj Collection include:

This collection and the rest of the Palm Beach Signature Auction is now available for viewing and bidding at HeritageAuctions.com/Coins.

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Found Treasures: 2005 Buffalo Nickel
By Stewart Huckaby

When I think of a Buffalo Nickel, I usually picture the classic type of five cent piece minted between 1913 and 1938, not that the date is exactly visible on many of the coins. As far back as I can remember, and I've been collecting coins since I was a child, Buffalo Nickels were interesting and different, while Jefferson Nickels were, well, blah. There is something about this coin that captured the spirit of Americana, for lack of a better term, and derivatives from wooden nickels to commemorative US coins have taken advantage of James Earle Fraser's design.

So, when it became time to commemorate Lewis & Clark's exploration of the northwest, the Mint, in the best tradition of the American Eagle coins and several recent commemoratives, decided to recycle an old and successful idea. The bison, which in the interim had appeared on a number of commemorative coins, returned to the nickel for too brief a stay, lending character to a denomination desperately in need of some. On top of this, Thomas Jefferson's portrait was redone in a manner completely new to American coinage, showing only his face in profile, and what resulted was, in my opinion, the outstanding circulating coin the US has seen since the heyday of coin designs in the early 20th century. This article merely reflects my appreciation of the piece.

Granted, there's not a lot of competition; for example, most of the Statehood Quarters look like Shell coins designed by committee. But with the recent changes to the nickel, the Mint has to be given credit for taking artistic risks on one side, while providing character on the other. Literally.

Will we see something like the 2005 Buffalo Nickel in the future? Who knows. The 2006 Nickel will return to the old Monticello reverse, presumably because the congressional delegation from the state of Virginia feels that their state is entitled to free publicity on the reverse of every five cent coin, and managed to pass a law requiring Monticello to be returned to the coin. However, the obverse will be far different than what we've seen in the past, much more in line with the 2005 design than anything seen on the nickel before that time. Derived directly from the famous 1800 Rembrandt Peale portrait, the obverse shows Jefferson facing the viewer from the left side of the coin, with the date, mintmark and all legends on the right side, very similar to last year's model. The script "Liberty", derived from Jefferson's own writing, is back.

Time will tell whether the 2006 redesign will be a success in execution; certainly, Lord knows that I have no idea of how a coin is going to look until it's in my hand and down to an AU58 grade. It is a credit to the Mint that they are continuing to take risks with our circulating coinage. It's just too bad they had only one side on which to do it.

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Website Tips: Items Just Like This One

Ever wander through the Heritage Permanent Auction Archives and wonder whether a similar coin is available right now? Wonder no more! On every Permanent Auction Archives page, you will now see a table showing every coin of the same date and grade currently offered for auction.

Immediately below the coin's description and above the listing for other prices for the same coin in previous auctions, there is a table showing each available piece, with lot number, grade, service, and current bid. To take a look at the coin and perhaps bid, simply click on the link to the piece on the left side of the table.

If you are interested in the coin, but in a different grade, there is a link at the bottom of the table to all coins of the same date, regardless of grade.

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Numismatic Glossary:

Annular: Ring-shaped. Many world coins, notably in low denominations, and even some US coin patterns are annular.

Allegorical Personification A concept, represented in the form of a person. These representations have been appearing on coins since antiquity; in fact, Roman coinage would often feature the Emperor on one side and one such representation on the other. The familiar British penny relied for many years on an allegorical representation of Britannia. On US coins, Liberty is by far the most common such personification, but she is not the only one. Victory appears on the Texas Half Dollar; Justice on the Columbia, SC Half Dollar, and Freedom on the Library of Congress Half Dollar and Dollar. The 1896 Educational Silver Certificates were loaded with such representations.

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Announcements

Help Wanted: Numismatist

Heritage Auction 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@HeritageAuctions.com with your background and experience.

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Around Heritage Auctions

Heritage Auction Galleries will offer several rare and desirable Mickey Mouse one-sheet posters in their upcoming Signature Auction, to be held March 17 and 18, 2006 in Dallas, TX.

"Other than the iconic paper from the classic horror films of the 1930's, some of the most sought-after posters in this hobby are the Mickey Mouse cartoon one sheets created by United Artists from 1932 to 1933," said Grey Smith, Director of Vintage Movie Poster Auctions for Heritage. "United Artists produced thirteen individual Mickey Mouse one sheets before they went to a stock format from late 1933 to 1937. These thirteen one sheets are considered by many to be among the 'Holy Grails' of the hobby."

"One of the best of these posters," Smith continued, "Mickey's Nightmare was also the first, released in August 1932. When United Artists took over distribution of Disney's cartoons they decided to produce a full color one sheet as opposed to the duo-tone sheets produced by Columbia. Some collectors feel that Mickey's Nightmare is the best of these because Mickey is shown not once, but nine times on the poster."

"Adding to the desirability of this magnificent one sheet is the fact that there are only two copies of this poster known to exist," Smith said. "This is the better of the two copies and has been placed on linen to conserve it for future generations to enjoy. Heritage is proud to offer this spectacular poster that will appeal to collectors of Disneyana, movie posters, animation and Americana. What more could you want?"

"In addition to Mickey's Nightmare," Smith continued, "we're also proud to offer a stunning one sheet for the Mickey Mouse short The Mad Doctor, considered by many to be even rarer and more desirable than Nightmare. The Mad Doctor, made in 1933, is rife with references to Universal's classic monster films, from The Old Dark House to Frankenstein. One of the last one sheets that United Artists would issue for an individual cartoon, we know of only one other copy of this poster in existence and the condition of that copy is reportedly far, far lesser than the stunning example offered here."

"Of course, there's plenty more where those came from for the passionate Disney collector," Smith said. "From the only known copy of 1937's Hawaiian Holiday with Mickey and Donald 'hanging ten' and a lovely poster for Donald's Garden from 1942, to such classics as Dumbo, represented here in a beautiful insert from 1941 and a lovely one-sheet from 1953's Peter Pan, this is an auction that no Disneyphile will want to miss!"

Mickey's Nightmare one-sheet carries a pre-auction estimate of $40,000 - $50,000. The Mad Doctor has a pre-auction estimate of $60,000 - $80,000.

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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@HeritageAuctions.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.HeritageAuctions.com/Coins!

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

1. Which of the following colonial coins is slated to be reproduced in part on an upcoming 2006 Benjamin Franklin Commemorative Dollar?
       Bar Copper
       Brasher Doubloon
       Continental Currency Dollar
       New Jersey Copper
       Pine Tree Shilling


2. What was the date of the first US Coin to commemorate a Winter Olympic Games?
       1983
       1988
       1992
       1995
       2002



Last week's questions:

1. The last Draped Bust Half Dime was minted in 1805. What was the next date Half Dimes were minted?
Correct Answer: 1829 (64%).

2. The British Royal Mint made One-Third Farthing coins until 1913. Where were they intended to circularte?
Correct Answer: Malta (36%).

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Is It Time To Sell?

Discover Columbus!

Heritage Auction Galleries will once again be presenting the official coin and currency auctions at this year's Central States Numismatic Society Convention in Columbus, Ohio.

Central States is one of America's leading regional coin clubs, and Heritage has been presenting their official auctions since 1993. Tens of thousands of numismatists have participated in our successful CSNS auctions, and this year will be bigger and better than ever. The world's most active coin and currency buyers - collectors, dealers, and agents - will be joining us in Columbus this April, supported by tens of thousands of Internet bids.

You can sell your coins and currency alongside such treasures as the Jim O'Neal Collection of National Gold Bank Notes and the fabulous 1792 Specimen Half Dime! The deadline for consigning to these important auctions are March 17 for Currency and March 24 for coins. The earliest consignments get the most pre-sale publicity, so call our Consignor Hotline at 1-800-872-6467, extension 222, today!

2006 April (CSNS) Signature Auction
Sale on April 26 to April 29, 2006
Consignment Deadline: March 16, 2006

2006 April (CSNS) (CAA) Signature Auction
Sale on April 27 to April 29, 2006
Consignment Deadline: March 8, 2006

Leo Frese
Director of Consignments
Leo@HeritageAuctions.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. Feb. 28
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Feb. 26
from noon to 10:00 PM
View Lots
Rare Currency
Closes Tues. Feb. 28
at 10:00 PM
View Lots

Rare Coins
Location: Palm Beach, FL
Auction: 2006 March Palm Beach, FL Signature Auction #412
Auction Dates: March 2-3, 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: Palm Beach, FL
Auction: 2006 March Palm Beach, FL Online Session #413
Auction Dates: March 6, 2006
Note: Internet Absentee Bidding Ends between 6 PM and 10 PM CT.
Browse Lots by Category

HeritageAuctions.com/FineArt
Paintings, Silver, Art Glass and Antiques and more...
Closes Sunday, February 26, 2006 at 5:00 PM
View current auctions.

HeritageAuctions.com/Sports
Sports cards, autographs, collectibles, and more...
Closes Sunday, February 26, 2006 at 10:00 PM
View current auctions.

HeritageAuctions.com/MoviePosters
Movie posters, lobby cards and more...
Closes Sunday, February 26, 2006 at 10:00 PM
View current auctions.

HeritageAuctions.com/Comics
Comics, comic art and more...
Closes Sunday, February 26, 2006 at 10:00 PM
View current auctions.


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