This Week In Coin News
The Queller Family Collection of Silver Dollars to Be Shown at F.U.N.
Found Treasures: The Series 1886 $5 Silver Certificate
Website tips: Video Descriptions
Numismatic Glossary
Attention Collectors: An Essential Resource Just Got Better!
Employment Opportunities: Stamp Expert, Ancient Coin Expert, Numismatist, Coin Cataloger
Around Heritage Auctions
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2008 March Phoenix, AZ (ANA) Signature Auction
E-mail of the Week
Current Auctions: 2008 January New York, NY Signature World Coin Auction, 2008 January Orlando, FL (FUN) Signature Coin Auction, 2008 January Orlando, FL (FUN) US Coin Final Session, Sunday Internet Coin Auction, Tuesday Internet Coin Auction, Other Signature Auctions, Other Internet Auctions
Weekly Specials: Don't miss out on a great deal

Collector News

The Queller Family Collection of Silver Dollars to Be Shown at F.U.N.



David Queller grew up during the 1930s, when it was attractive to him to sell copies of the Saturday Evening Post to his schoolteachers to clear a quarter dollar profit.

Hustling to earn more, he began to deliver the Sunday edition of the NY Daily News to his classmates during the wee hours, all for a one dollar profit. His father offered to pay him two dollars to give up the scheme and get a proper night's sleep, but David already recognized the importance of earning to motivate saving. Understanding the importance of one dollar led to his creating the greatest American Dollar collection - an incredible run from 1794 to 1935 that no one else has accomplished in quality and scope.

David Queller bought his first Red Book in 1954, but didn't begin collecting coins until the 1960s. Since his collecting experience as a boy had been limited to stamps and cacheted envelopes, he didn't begin pursuing rare coins until he was well grounded in the basics. His first collecting interest was half dollars, and over several decades he assembled what was arguably the finest collection of halves ever assembled. By the late 1960s, he had expanded his collection into the dollar denomination, and the Queller Collection of Silver Dollars became a family effort. When he bought Reed Hawn's 1804 Dollar in 1994, David attended the auction with his son, who convinced him to buy it - and helped provide some of the financing with his sisters! That's family at its finest!

After four decades of dedicated collecting, Mr. Queller's collection is worthy of the many superlatives that can be assigned:

  • Over 100 different Bust dollars, mostly different BB numbers, and including both the Proof 1802 dollar and the legendary 1804 dollar.
  • Complete Seated dollars, many in Mint State (the incredibly rare 1870-S, an XF40 specimen, is the envy of legions of numismatists!)
  • Complete Seated dollar Proofs, many from the Amon Carter Collection
  • Complete Trade dollars in Mint State
  • Complete Morgan dollar Proofs
  • Complete Peace dollars in Mint State

It is truly our privilege to present, as a part of our 2008 April Rosemont, IL (CSNS) Signature Coin Auction, The Queller Family Collection of United States Silver Dollars 1794-1935, a pedigree to be long remembered in numismatic circles. Highlights of this collection are already available for viewing at HA.com, and a selection of the very finest offerings will be available for in-person viewing at the F.U.N. convention January 9-12 in Orlando, FL.

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Found Treasures: The Series 1886 $5 Silver Certificate
By Dustin Johnston

There seems to be an unnatural dichotomy between coin and currency collectors, since the same major events shaped coinage and currency in the United States. The Coinage Act of 1873 called for a gold standard, yet it was fought hard by Western Senators looking to help their constituents, many of which were silver miners. In 1878, these senators were successful in passing the Bland-Allison Act, a radical departure to return to the Dual Standard of currency backed by both gold and silver. It called for the purchase of between $2 million and $4 million of silver each month for the purpose of coining silver dollars. Born of this act were both the Morgan Silver Dollar and the introduction of Silver Certificates backed by these coined dollars.


George Morgan's silver dollar design was put into production in 1878 and remains the favorite of many of today's coin collectors. The introduction of the Silver Certificates in 1878 included denominations of $10, $20, $50, $100, $500 and $1000. Their status in circulation was favored as they were easily redeemable for silver dollars. In 1886, a new Series was introduced along with denominations of $1, $2, $5. Perhaps the most famous and desirable of the Silver Certificates was the Series 1886 $5. This note's appeal is universal for both coin and currency collectors as it boasts a back vignette of 5 Morgan Silver Dollars. The dollar at center is dated 1886 and is flanked by two Morgan Dollars on either side showing their reverses.


Seven different notes comprise the Series 1886 $5s, with four different signature combinations and three different seals. Nearly 34 Million notes were printed in total, a paltry sum in comparison to the vast number of Silver Dollars that were minted and sat unused for years in Treasury Vaults. The emission of Morgan Silver Dollars from the Philadelphia mint in 1921 alone was more than 40 Million. Today, the scarcest of the Series 1886 $5 Silver Certificates has a known population of only a couple dozen notes. Prices range from $500 for a modest Good or Very Good with a decent back design to more than $50,000 in the highest uncirculated grades.

Our F.U.N Signature Currency Auction includes a number of exquisite pieces including a PMG graded Gem Uncirculated 65 EPQ note from the Peter Gamble Collection.

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Website tips: Video Descriptions


New, with our current F.U.N. Signature Auction, we are offering a feature where some of our finest coins come with full video descriptions. To see which coins have videos, please go to our home page, make sure you have the New search feature turned on, and then click on the Video Descriptions link from among the Highlights in the center of the page.




Each coin with a video description will show a small icon in the listing. On the description page for each videoed coin, there are several links to where you can automatically view these descriptions - and you can shortcut directly to one such link by clicking on the "Video Description" icon.


Click on the link, and you will see the full video description in a new window! Please note that viewing these videos requires that your computer have the free Windows Media Player plug-in. A link to this plug-in is available directly on the video page.

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Numismatic Glossary

Spark Erosion: A method of making coinage dies using an electrical spark to transfer a design from a genuine coin to a die. This is generally associated with counterfeit coins. The spark erosion process results in a loss of detail, and Spark Erosion strikes will usually show a somewhat granular appearance. It is sometimes possible to detect a spark erosion counterfeit by the absence of fine details, such as die polish lines.

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Announcements

Attention Collectors: An Essential Resource Just Got Better!

Standard Catalog of World Coins 3-Volume DVD Set Three volumes of the Standard Catalog of World Coins are now available in digital format-providing portable pricing at your fingertips!

This exciting DVD collection contains full content from three books in the respected series: the Standard Catalog of World Coins 2001-Date, Standard Catalog of World Coins 1901-2000 and Standard Catalog of World Coins 1801-1900. You can easily bring them to shows or conventions-or anywhere else your hobby might take you!

The DVDs grant you instant access to 3,760 pages of expertise from our top market analysts-all in an enhanced, fully searchable PDF format that makes finding coin facts faster than ever.

Order today, and enjoy these exclusive features:

  1. Up-to-date pricing of world coins from 1801 to present
  2. 82,000+ images you can clearly enlarge to 300% for easy identification
  3. Fast access to any country's coins through simple alphabetical searches
  4. Printable pages that let you leave your big books at home
  5. And more!

With the Standard Catalog of World Coins 3-Volume DVD Set, 50 years of coin collecting wisdom is just a click away! But supplies are limited-so reserve yours now!

The 3-disc DVD set is only $99.95, s&h included!

Click Here to place your order!

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Employment Opportunities

Once-in-a-Lifetime Opportunity for One Top Stamp Expert

Heritage Auction Galleries will be launching a Rare Stamps Department in 2007 or 2008. We are seeking the very best available nationally recognized rare stamp expert to build and operate this new division.

Applicant must have impeccable reputation, expertise and integrity, as well as extensive experience buying, selling, appraising and cataloging stamps.

Our goal is to leverage Heritage's unmatched collectibles Internet and marketing platforms in order to establish the top stamp auction house in the world over the next few years. We have already achieved market dominance in several similar categories within just a few years of entering those fields, including comic books, rare currency, illustration art, movie posters, Civil War memorabilia, and several others.

This position is based in Dallas. You will be allowed to recruit and build a staff from the ground up.

Great working conditions and benefits, and unlimited growth potential for the right person.

Salary and incentive package commensurate with experience and qualifications.

Please e-mail your resume, and references to Paul Minshull.

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Help Wanted: Ancient Coin Expert

Heritage is looking for a numismatist with expertise in ancient coins to join our staff. Duties will include evaluating potential consignments, cataloging, assisting consignors in person and by telephone, both in Dallas and elsewhere. Salary will be commensurate with skills and experience. This is a full time position based in Dallas.

Please contact Paul Minshull at Paul@HA.com for more information.

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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@HA.com with your background and experience.

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Help Wanted: Coin Cataloger

With the Long Beach and CSNS Signature Auctions coming up over the next few months, we are looking for at least two people to help us describe the lots in these sales. You must know U.S. coins and be able to express your knowledge in written form. These are contract positions based in Dallas. If you are interested, please contact Paul@HA.com

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Around Heritage Auctions

In our inaugural Natural History auction, to take place in Dallas on January 20, Heritage is proud to feature The Boot of Cortez, which, at 389.4 troy ounces, is the largest surviving natural gold nugget ever found in the Western Hemisphere.

The austere and forbidding Sonoran Desert of the United States and Mexico regularly experiences some of the most extreme weather in the Western Hemisphere. Daytime temperatures often exceed 125 degrees in the shade even as blast-furnace winds swiftly strip life-sustaining water from the few men and animals tough enough and wily enough to make a living in this land of stark, unforgiving beauty. Yet life not only goes on here; it sometimes succeeds in ways that cannot be foreseen even in our wildest dreams. Myths and tales of lost treasure seem to spring into being from out of nowhere. Virtually every remote village has its legends of lost mines and treasure: the Oro de Moctezuma, Tayopa, El Naranjal. Every story is different yet all are the same: A rich deposit of gold or silver is found, and then lost through calamity, treachery or political upheaval. The saga of the "Boot of Cortez" is very much in keeping with all of these tales of discovery and loss - with one exception: This tale is true.

The story begins in 1989 in the area around Caborca, near the Gran Desierto de Altar in the Mexican state of Sonora. The nearest surface water is the Sea of Cortez; some 60 miles to the west. Arizona is 70 miles to the north. Ranching is the chief occupation, but there are a number of mines in the area along with placer gold deposits in some of the canyons. It is within these dry canyons that a local Mexican man began his quest to find hidden treasure in the form of placer nuggets. Some finds of nuggets had been made in the past, and fired with optimistic enthusiasm; our gold-seeker grew determined to find his share. At this point, our latter-day prospector did something very much at odds with tradition: visiting a Radio Shack store - he purchased a metal detector. Practicing on buried coins and other metal objects, he learned how to operate it, and then he set out for an area that was reported to have produced nuggets.

Once there, he started to walk; slowly and carefully across the desert, all the while following a grid pattern that would ensure that no areas would be unchecked. Hundreds of boring hours slowly ebbed away with an occasional 'beep' from his ear-phones to signal a potential find. Most were due to scrap iron or old lead bullets. Then one day; the 'beep' sounded a little different. Digging down; he caught that first gleam from his own personal El Dorado. Hardly believing his eyes he kept digging, the gleaming surface kept going - and going. By the time he had completely uncovered this incredible nugget, it was obvious that it was huge. Just hauling it back to his home was a chore since it weighed over twelve kilograms. There; a gentle washing removed the last traces of dust left on the surface from its subterranean resting place. Now the enormity of his find engulfed him: What to do with this massive nugget, shaped like the boot of a conquistador of old? Who could help him with advice regarding the ways of selling such a thing? Ah, but of course - the Patron. He would know. And he did.

Since that fateful day in the Desierto, the "Boot of Cortez" has passed through a number of hands and has been marveled at by hundreds of thousands of museum-goers. It was one of the star exhibits at the Tucson Gem & Mineral Show in 2004, the theme of which was simply: "Gold". Based on its enthusiastic response by the public, the owner of the "Boot" was solicited to place it on loan for the traveling "Gold" exhibition assembled by the Houston Museum of Natural Science where it was exhibited in 2005, along with other notable specimens from: the Smithsonian, Harvard and other major collections. The exhibition then moved to the American Museum of Natural History in 2006 where it opened to rave reviews by collectors and casual visitors alike. After almost a year in New York City, the exhibition recently closed in August 2007.

Its pristine condition and unique shape have earned it the sobriquet "the most unusual and attractive large nugget in the World" and at 389.4 ounces Troy (32.4 Troy pounds) it is the largest surviving placer nugget from the Western Hemisphere. The 2nd largest nugget is Alaskan and is almost 100 ounces smaller. It has a bright, rich golden-yellow color which indicates a high purity (approximately 94% + pure). There have been larger masses of gold but these have consisted primarily of intermixtures of gold and worthless rock.

The "Boot of Cortez" measures a stunning 10 3/4 inches in height and 7 1/4 inches in width. There is literally 'no-thing' like it.

The 2008 January Signature Natural History Auction, which features wonders of the natural world including gold, silver, copper, and platinum in their native forms, is open for bidding now at www.HA.com.

Click Here to receive more information about natural history auctions.

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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 targeted e-mails to local subscribers on the Heritage website of over 300,000 active coin and currency enthusiasts who may be within driving distance of the club. 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@HA.com
1-800-872-6467 ext. 1303

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Heritage Interactive
Instant Quiz

NEW: Instant quizzes and polls twice a week at www.HA.com/Coins!

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

1. Which of the following coins is unknown in any collection?
       A) 1866 No Motto Seated dollar
       B) 1870-S half dime
       C) 1873-CC No Arrows dime
       D) 1873-S Seated dollar
       E) 1885 Trade Dollar


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

       A) Dollar
       B) Quarter Eagle
       C) Three Dollar
       D) Half Eagle
       E) Eagle



Last week's questions:

1. When did the US Cent change composition to copper plated zinc?
Correct Answer: E) 1982 (66%).

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

Correct Answer: B) 2005 (21%).

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Is It Time To Sell?

Phoenix (ANA) Signature Auction

Last August, Heritage proudly presented our 36th Official ANA Auction - further extending our world record reputation as the auctioneer most often selected by the American Numismatic Association. Heritage has hosted more of these world class events than all of our competitors combined, more than any auctioneer in a century of conventions!

Our clear leadership role will be further extended in 2007, as we will be hosting both ANA convention auctions: the Phoenix National Money Show and the Baltimore World's Fair of Money.

To consign to either of these important venues, contact our Consignor Hotline at 800-US-COINS, x1000, today!

2008 March Phoenix, AZ (ANA) Signature Auction
March 7 to March 8, 2008
Consignment Deadline: January 24, 2008

Leo Frese
Executive Vice President
Leo@HA.com
1-800-US-COINS ext. 1222

Interested in Selling?
What's My Coin Worth?
Get the Most Money for Your Collection
Consign to a Heritage Auction

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Letter of the Week

I just wanted to tell you that your new search format is unquestionably the best system I have ever experienced. The ability to breakdown the search by grade and grading company is extremely helpful.

S. B., Ohio

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Current Auctions
Coin Auctions

Rare Coins

2008 January New York, NY Signature World Coin Auction #458
January 6-7, 2008
Browse | Search
Rare Coins

2008 January Orlando, FL (FUN) Signature Coin Auction #454
January 9-12, 2008
Browse | Search

Rare Coins
Platinum Night
Ends: January 10, 2008
Auction #454

Search This Auction
Rare Coins
2008 January Orlando, FL (FUN) US Coin Final Session
Ends: January 15-16, 2008
Auction #455

Search This Auction
Rare Coins Sunday Internet Coin Auction
Ends: January 6, 2008
Auction #68011

Search This Auction
Rare Coins Tuesday Internet Coin Auction
Ends: January 8, 2008
Auction #28012

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Other Signature Auctions

Rare Coins
2008 January Orlando, FL (FUN) Signature Currency Auction #456
January 10-12, 2008
Browse | Search
Rare Coins
2008 January Signature Natural History Auction #5000
January 20, 2008
Browse | Search

Other Internet Auctions


2008 January Orlando, FL (FUN) Currency Final Session
Ends: January 14, 2008
Auction #457

Search This Auction
Sunday Internet Comics Auction
Ends: January 6, 2008
Auction #18011

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Sunday Internet Sports Auction
Ends: January 6, 2008
Auction #48011

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Sunday Internet Movie Poster Auction
Ends: January 6, 2008
Auction #58011

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Tuesday Internet Currency Auction
Ends: January 8, 2008
Auction #38012

Search This Auction

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