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March 10, 2006
This Week In Coin & Currency News
Palm Beach Auctions Realize Over $7 Million
Seldom Seen Selections: The Finest-Known Proof 1896 Morgan Dollar
Website tips: Instant Browse Panes
Numismatic Glossary
Stolen Coin Alert, Seattle WA
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: Exclusively Internet Auction, Continuous Internet Auction, Internet Currency Auction, Fine Art Monthly Auction, Amazing Sports Auction, Internet Movie Poster Auction, Amazing Comics Auction
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Collector News
Palm Beach Auctions Realize Over $7 Million

Heritage Auction Galleries held our most recent Signature Auction March 1-4, 2006 in Palm Beach, Florida. The 2,304 lots in this auction sold for over $6.7 million, with after-auction sales continuing. A separate OnLine Session, held Monday, March 6, 2006, raised an additional $580,000, bringing the total sales for the weekend to over $7 million.

The results from this auction show that collectors are interested in rarity and quality. The finest known 1822 25/50C Quarter, an unusual variety featured in a previous edition of Heritage Coin and Currency News, realized an incredible $195,500. This figure was matched by an 1858 Proof Half Eagle, formerly of the Bass collection, graded Proof-66 Ultra Cameo with the designation for eye appeal and one of only five known. A 1834 Crosslet 4 Capped Head Half Eagle, graded MS64 by NGC and believed to pedigree from the Garrett collection, realized $138,000.

This is a wonderful time to be a numismatist. There?s more great material in the market, realizing stronger prices, than ever before. 2006 is shaping up to be a great year, and we're very much looking forward to our next Signature auction, to be held April 7-9, 2006 in Atlanta, GA as the official auctioneer of the American Numismatics Association?s 2006 National Money Show.

Highlights from the Palm Beach Signature Auction included:

Images, descriptions, and prices realized from the Palm Beach Signature Auction, as well as all previous Heritage auctions, are available in the Permanent Auction Archives at the Heritage website, HeritageAuctions.com/Coins.

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Seldom Seen Selections: The Finest-Known Proof 1896 Morgan Dollar

"In my experience, proof coinage from 1896 and 1898 is consistently of the highest quality and aesthetic appeal of any 19th-century U.S. coinage," says Greg Rohan, President of Heritage Auction Galleries.

One explanation for the high quality seen on many 1896 proof dollars is that two obverse dies were used to produce the 762 proofs struck. Assuming that the first few dozen coins struck from a fresh pair of dies would be cameos, the fact that two dies were used should double the number of cameo coins produced. And that appears to be just what happened in 1896, even though other dates - the 1895, for instance - had two or more dies used to strike proof dollars. One can then surmise that Q. David Bowers' statement 'Proofs of this and the next two years show that the Mint could turn out exceptional products if it wanted to,' is not only true, but it also points to a conscious desire on the part of Mint employees to turn out a superior product.

With the reputation 1896 has for attractive proof coinage, at the PR69 level, this particular coin, the 1896 $1 PR69 Ultra Cameo NGC, represents the best of the best. The surfaces are suggestive of the Ultra Cameo proofs that the Mint produced beginning in the 1980s. It is truly remarkable that such a coin predates those coins by some 80 years. The fields are extraordinarily deep in their mirrored reflectivity. This, of course, is in part from the sharply contrasting frost on the devices, but it is also simply because the fields on the dies were so heavily polished prior to striking and the planchet heavily polished also. The devices are heavily frosted and balanced in appearance from side-to-side. This combination of thick mint frost and deep mirrors gives the coin its Ultra Cameo status. The surfaces appear perfect to the unaided eye. However, perfection would be unrealistic for a coin that was struck 110 years ago. Magnification reveals very light hairlines (definitely not from cleaning) on the cheek of Liberty. Again, magnification is required, and these 'imperfections' do not impair the overall appearance or eye appeal of this stunning proof dollar.

This coin represents outstanding quality in a proof Morgan, and a coin that is sure to be of great interest to both Morgan specialists and collectors of 19th century proof type.

Heritage Auction Galleries will offer the 1896 $1 PR69 Ultra Cameo NGC in our upcoming Signature Auction, to be held April 7-9, 2006 as the official auctioneer of the American Numismatics Association's 2006 National Money Show, at the Cobb Galleria Centre, Two Galleria Parkway, Atlanta, Georgia 30339.

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Website Tips: Instant Browse Panes




One of the key features of our newly redesigned website is the ability to immediately browse everything currently available at auction or for immediate purchase. But what if you're interested in something in an upcoming auction? What if you want to view the Permanent Auction Archives? It's just as easy!

When you bring up the home page at HeritageAuctions.com/Coins, you will see the listing for available coins for auction by default. But look at the top of this section. There are panes entitled "Coming Soon" and "Permanent Auction Archives", and these are your gateways to the numismatic past and future.


Click on the Coming Soon tab. The left side will show you a listing of all upcoming Signature Auctions and Online Sessions that have coins that have either been photographed, described or both. The right side shows you a listing of coins, by type, that will be coming up in one of these auctions. If you wish to look at everything that might be coming up in our CSNS auction, for example, click on the link to that auction and you will be brought to a page that will allow you to search for any item in that auction. But if you don't care about the particular auction and are more interested in the specific coin that may be available in the future, click on the link to the type of coin you want on the right hand side of the page. This will bring up a listing of all upcoming offerings in this type, regardless of sale.


Now, click on the Permanent Auction Archives tab. You will immediately be shown a listing of all types of coins that have ever been sold in a Heritage Auction. Perhaps a bit daunting, but you need only scroll down the page to find the type of coin you want, rather than having to work your way through a long drop-down menu. Select the type of coin you're interested in, such as Proof Peace Dollars, and click. You will immediately be brought to a listing of all Proof Peace Dollars that have ever been sold in a Heritage Auction. At this point, you can refine your search, if for instance you wish to look for a particular date or for coins that have been in Heritage Auctions in the past but did not sell.

By the way, it is not an accident that we mention Proof Peace Dollars here. Keep an eye out for the offerings in the upcoming ANA Signature Auction!

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Numismatic Glossary:

Retrograde: Backwards, having to do with lettering. Often an individual letter was entered backwards by an engraver not used to carving letters on dies.

Verdegris: A green powdery substance that can appear on coins.

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Announcements

Stolen Coin Alert, Seattle WA

The following coins were stolen from Federal Express packages in Seattle, Washington in the last three weeks. They were all purchases in our February Long Beach Coin Auction or our January Dallas Jules Reiver Collection Auction. Any information would be appreciated. We will make sure anyone turning in coins is made whole. Please contact Paul Minshull or Doug Baliko with any information.

Dallas:

Long Beach:

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.

Help Wanted: Information Technology

Heritage Auction Galleries is looking to fill two key positions in our Information Technology Department:

Database Administrator (DBA)

The Database Administrator will be responsible for all aspects of our databases. He/she will develop database standards and strategies to meet all business requirements in a very fluid and dynamic real-time environment.

Some of the key initiatives include architecting and developing large scale, high transaction, high volume databases, performance tuning, writing and tuning store procedures, and performing backup and recovery activities.

Applications Developer - Accounting

The developer will work closely with users in the development and enhancement of internal and web-based applications focused primarily on accounting programs and reporting. This position will be responsible for supporting requests, releases, enhancements, and new development for applications and reports surrounding our accounting applications. Provide routine application and data maintenance support. Respond to requests and enhancement requests which include modeling, analyzing, designing, prototyping, constructing, testing, implementing, and maintaining applications.

Please e-mail cover letter and resume to itjobs@heritagegalleries.com.

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Around Heritage Auctions

Rare Émile Gallé Vase to be Offered at Auction!

Born in Nancy, France in 1846, Émile Gallé's father, Charles, owned a ceramics and glassmaking factory. Early on, young Émile was trained in botany, art, entomology and chemistry, all of which were to serve as major influences later in his life.

Gallé opened his own glass company in 1873, but it was the International Exhibition held in Paris in 1878 that dramatically altered the course of his artistic life. It was at this Exhibition that Gallé was first exposed to new worlds of glass working by such masters as Joseph Locke, John Northwood and Eugene Rousseau.

In 1885, Gallé opened a woodworking studio, where he was able to experiment with marquetry designs in furniture. By 1889, his designs in glass were causing a sensation at the Paris International Exhibition, and his fame was assured. This was also about the same time that the Art Nouveau movement was getting its start, which greatly appealed to Gallé, with his background in both art and natural sciences.

At this time, Gallé was still dependant on others to produce the pieces he designed, but by 1894 he had opened his own glass studio and was able to personally oversee each piece from design through production. This period marked the height of his creative output which was, however, tragically short-lived, as Gallé passed away from leukemia in 1904 at the age of 58. Family members continued to produce Gallé glass until 1938, when production ceased entirely. These later pieces can generally be recognized by the inclusion of a star after the signature on the glassware.

The piece offered here, is a lovely 'Red Onion' wheel carved cameo vase with a marquetry glass foot, a removable leaf-form stopper and an engraved signature to the side, circa 1900. It was in 1900 that Gallé was awarded the Grand Prix for Glass and the rank of Commander in the French Legion of Honor at the International Exhibition in Paris, so this piece marks an extremely fertile period in the artist's life and is sure to be the centerpiece of any art glass collection.

Heritage Auction Galleries will offer this and many other fine Decorative Art pieces in their upcoming Signature auction, to be held May 26, 2006 at their headquarters in Dallas, TX.

The Émile Gallé French Glass Vase, ca. 1900, bears a pre-auction estimate of $10,000 - $15,000.

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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 Indian Head Half Eagles exists?
       1907
       1912-D
       1916
       1916-S
       1925-D


2. What was the date of the first gold coin minted at the New Orleans Mint?
       1838
       1839
       1840
       1841
       1842



Last week's questions:

1. What was the highest mintage Walking Liberty Half Dollar?
Correct Answer: 1943 (79%).

2. What is the date of the coin pictured in this Pan and Zoom closeup?

Correct Answer: 1853 (84%).

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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 alongside such treasures as the fabulous 1792 Specimen Half Dime! The deadline for consigning to this important auction is March 24. 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

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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HeritageAuctions.com/FineArt
Paintings, Silver, Art Glass and Antiques and more...
Closes Monday, March 27, 2006 at 5:00 PM
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HeritageAuctions.com/Sports
Sports cards, autographs, collectibles, and more...
Closes Sunday, March 26, 2006 at 10:00 PM
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HeritageAuctions.com/MoviePosters
Movie posters, lobby cards and more...
Closes Sunday, March 12, 2006 at 10:00 PM
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Comics, comic art and more...
Closes Sunday, March 12, 2006 at 10:00 PM
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