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Coins
  This Week In Coin News
 
July 21, 2012

Summer FUN auction exceeds $9.3 million
Seldom Seen Selections: 1860 Five Dollar Pattern on a Ten Dollar Planchet, the Only Example Available in Gold
Website Tips: Connect With Us
This Week's Top Ten
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? September Long Beach Auctions
Current Auctions: 2012 August 2-5 US Coins Signature Auction- Philadelphia #1173, Internet Coin Auctions


  Collector News

Summer FUN auction exceeds $9.3 million

1893-S Morgan Dollar, Lightly Toned MS601893-S Morgan Dollar, Lightly Toned MS60
1909 $5 PR66+ PCGS.1909 $5 PR66+ PCGS.
1907 $20 High Relief, Wire Rim MS66+ NGC.1907 $20 High Relief, Wire Rim MS66+ NGC.
1776 Continental Dollar, CURRENCY, Pewter AU55 PCGS1776 Continental Dollar, CURRENCY, Pewter AU55 PCGS
1854 G$1 Type Two MS66 PCGS. CAC1854 G$1 Type Two MS66 PCGS. CAC
Collector favorites led the way as our official auction of the Summer FUN convention exceeded $9.3 million in sales. This auction took place July 12-15 in Orlando and over the Internet at www.HA.com/Coins.

The marquee lot of the auction was an uncirculated example of the 1893-S Morgan Dollar, the undisputed key date among circulation issues in this heavily collected series. Although graded only MS60, we thought the coin had excellent eye appeal, and the winning bidder clearly agreed with us as the coin sold for $103,603.50.

A high end Roman Gold proof 1909 half eagle took next honors, selling for $92,000. Perhaps 30 or so of these coins exist today in all grades, and at MS66+, with the CAC sticker, this is one of the finest available examples.

Other highlights include but are not limited to:

Our next Signature Auction is already open for bidding. Bid on the August 2-5 Philadelphia Signature Auction now at www.HA.com/coins.

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Seldom Seen Selections: 1860 Five Dollar Pattern on a Ten Dollar Planchet, the Only Example Available in Gold

1860 P$5 Five Dollar, Judd-271, Pollock-319, R.8, PR62 Cameo PCGS.
1860 P$5 Five Dollar, Judd-271, Pollock-319, R.8, PR62 Cameo PCGS.
Gold patterns are always fascinating, and our 2012 August 2-5 US Coins Signature Auction in Philadelphia contains an intriguing example of one such experimental piece. Struck on a ten dollar planchet, this Judd-271 pattern nonetheless bears a face value of five dollars, and this is entirely intentional.

This pattern was struck as an experimental anti-counterfeiting measure in order to solve the problem of sawing apart genuine gold coins and substituting the core with the (then) lesser-valued platinum, a metal of similar weight. David Akers, in his 1975 United States Gold Patterns, relates extensive background for these pieces and the subsequent 1878 thin planchet gold coins:

"Dr. J.T. Barclay, who had been at the Mint in 1856-7, had recommended that coins be made thinner and more concave to prevent such counterfeiting, but at the time of his recommendations, a committee of two, appointed by the Secretary of the Treasury to investigate Dr. Barclay's process, reported that to 'make a single such piece, blending that perfection of artistic design and mechanical execution which would commend it for acceptance with the protective features which Dr. Barclay desires to incorporate, would require the construction of machinery on a scale and at a cost inadequate for regular minting business.' "

The suggestions of Dr. Barclay were finally followed in 1860 with the striking of this pattern. The experiment ceased when the Civil War started, but was resumed again in 1878.

For years it was believed three examples were known of the Judd-271; allegedly Mint Director Henry Linderman owned three. However, one of the pieces, which was held in the Byron Reed Collection in Omaha, turned out to be a copper gilt Judd-272. The first auction appearance of the Judd-271 was in the Haseltine Addenda to his Sixty-Fifth Sale, where it was glowingly described as "This piece is conceded to be the most beautiful and chaste specimen in design and execution ever struck in the United States Mint."

The obverse of this pattern is attributed to James Longacre and features a finely executed head of Liberty, facing right. The date is below with 13 stars surrounding most of the obverse rim. The reverse has a spread-wing eagle with E PLURIBUS UNUM on a wreath above, UNITED STATES OF AMERICA and FIVE DOLLARS around the margin. The eagle and lettering on the reverse are suggestive of work done by Anthony Paquet, and Tom DeLorey has asserted as much.

Only two pieces are known in gold, but there are more than a dozen copper examples known, several of which have been gilt, according to USPatterns.com. One interesting aspect mentioned by almost everyone who has cataloged this pattern is the use of an upside-down A for a V in FIVE on the reverse.

Graded Proof 62 Cameo by PCGS, each side is nicely reflective with moderate mint frost over the devices, the combination of which gives the coin a cameo appearance. Moderate hairlining can be seen, but each side of this orange-gold pattern is surprisingly free from contact marks. This is very likely to remain the only gold striking of this pattern available for the foreseeable future as there is not a whisper of the core Bob Simpson collection of patterns ever coming back on the market.

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Website Tips: Connect With Us

At Heritage Auctions, we want to connect with you! Whether it be on Facebook, Twitter, LinkedIn or other social media sites, there's something for everyone. Stay informed of the latest news, events, videos, press releases and auction news. In addition, win prizes, auction credits, and more for engaging with us.

We are fortunate to have great clients and amazing employees. We want to ensure you have the opportunity to ask questions, comment, and connect with us.

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This Week's Top Ten

1799 $1 No Berries MS66 PCGS
1799 $1 No Berries MS66 PCGS
The ten US coins dated before 1800 most frequently offered in Heritage auctions:
  1. 1799 dollar
  2. 1794 cent
  3. 1798 Large Eagle dollar
  4. 1795 Flowing Hair dollar
  5. 1795 half dollar
  6. 1798 cent
  7. 1793 Wreath cent
  8. 1795 cent
  9. 1797 cent
  10. 1795 Draped Bust dollar

Die and edge varieties have been combined where appropriate, although coins with the same date and different types were considered separately. Our thanks to C. O. of Massachusetts for his suggestion!

Do you have a suggestion for a future top ten list? Send it to us!

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  Announcements

Reduced Auction Commissions When You Resell Your Winnings!

When you win any lot worth with a hammer price of $1,000 or more (or $2,500 for Art and Natural History lots), you will receive a coupon that entitles you (or your heirs) to re-consign that lot to Heritage at a reduced seller's commission. Selling through Heritage is a convenient and hassle free way to maximize your return (find out why). Maybe you'll need to make room in your collection for something better, perhaps your collecting tastes will change, or maybe it will be your heirs that benefit; but be sure to save the coupon, which could be worth hundreds or thousands of dollars.

  • Coins: 0% Seller's Commission for all items $1K or more.
  • Comics: 50% of the usual Seller's Commission for all items between $1K & $10K, and 0% for items $10K and over.
  • All Other Categories: 50% of the usual Seller's Commission for everything else over $1K ($2,500 for Art & Natural History).

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  Employment Opportunities

As the fastest growing American-based auction house, financially rock-solid Heritage Auctions continues to grow and seek the best talent in the industry. If you are a specialist or have strong general collectibles knowledge, we want to hear from you. These specialists will, in some cases, head new departments and in others will enhance existing department expertise. We have positions open at our headquarters in Dallas as well as at our new state-of-the-art galleries in prime locations in both Midtown Manhattan and Beverly Hills.

Heritage is seeking to hire the world's best specialists in the following categories:

  • 20th Century Design Specialist: Beverly Hills, New York
  • American Art Specialist: New York
  • Asian Art Specialist: Beverly Hills
  • European Art Specialist: New York
  • European Comic Art Specialist: Dallas, Paris
  • Fine Jewelry Specialist: New York
  • Firearms Specialist: Dallas
  • Modern & Contemporary Art Specialist: Beverly Hills and New York
  • Rare & Collectibles Wine Specialist: New York
  • Timepiece Specialist: Beverly Hills, New York
  • Trust & Estates Specialist: New York
  • World Coins Director: Hong Kong
  • World Paper Money Expert: Dallas/Remote

If you are interested and feel you have the qualifications we seek, please email your resume and salary history to Experts@HA.com.

We are also seeking to fill the following corporate positions:

  • Cataloger — Currency: Dallas/Remote
  • Cataloger — Fine art: Dallas
  • Cataloger — U.S. Coins: Contract, Remote
  • Client Services Representative: Dallas
  • Collections Supervisor: Dallas
  • Consignment Director — Currency: Dallas
  • Desktop Support: Dallas
  • Desktop Support Supervisor: Dallas
  • Digital Publishing Expert: Dallas
  • Graphic Designer: Dallas, Part-Time
  • HR Generalist/Recruiter: Dallas
  • Interns: Dallas
  • Inventory Control Clerk: Dallas, TX
  • Marketing Account Executive: Dallas, TX
  • Operations Assistant - Coins: Dallas
  • Operations Assistant - Vintage Guitars: Dallas
  • Operations Assistant - World Coins: Dallas
  • Returns Clerk: Dallas
  • Shipping Associate: Dallas
  • Web Developer: Dallas

If you are interested in applying for one of these Corporate positions, please apply here.

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  Around Heritage
Rarities From Original 'Star Wars' Trilogy Anchor Vintage Movie Poster Event
Star Wars Concert
More than 50 lots of some of the rarest posters from the original Star Wars movie and its two sequels are being offered at Heritage Auctions' July 25 and 26 Vintage Movie Posters Signature Auction.
The General Died at Dawn
The posters for the original trilogy, originally released between 1977 and 1982, are among more than 1,300 lots of some of the rarest and most desirable vintage movie posters to come to auction, says Grey Smith, the auction house's director of movie posters. "This once-in-a-lifetime selection," Smith says, "includes the rare nylon banner produced for Star Wars' initial release, an autographed poster produced for the Star Wars concert series with artwork by John Alvin and signed by George Lucas, and the scarce Howard Chaykin promotional poster autographed by the artist."
The Wayward Canary
The auction includes nearly all poster styles used at U.S. theaters for Lucas' original three films, plus many used for worldwide distribution, including rare Russian, Polish, Japanese, French, British and German posters.

The auction also features rare animation posters, including Mickey Mouse in The Wayward Canary (1933), Donald Duck in The Plastic Inventor (1944) and Orphan's Benefit (1941), as well as Goofy in How to Fish (1942). "Also included is a beautiful stock 1935 Mickey Mouse poster announcing Disney's famous mouse cartoons in Technicolor," Smith says.

Casablanca half sheet
Also being offered are posters from classics of the Golden Age of Hollywood, such as The General Died at Dawn (1936), Jezebel (1938), Love Before Breakfast (1936), Casablanca (1942), and Baby Face (1933). Classic horror titles include Frankenstein (R-1947), Bride of Frankenstein (1935), Creature from the Black Lagoon (1954), House of Dracula (1945), and Frankenstein Meets the Wolf Man (1943).
Bride of Frankenstein Belgian
"We also have a beautiful selection of lobby card sets from a former Universal employee who kept them untouched for 70 years until his death," Smith says. Included are full sets to My Man Godfrey, The Mummy's Hand, Never Give a Sucker an Even Break, as well as almost all of the sets to the chapters of serial classics such as Flash Gordon Conquers the Universe, Green Hornet Strikes Again, and The Phantom Creeps, all in near-mint to mint condition. All date from 1935 to 1943. "Many other rare posters from Western, science fiction, film noir, musicals, James Bond and almost every other genre are included in this auction," Smith says.

More information about Vintage Movie Poster auctions.

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  Heritage Interactive
Instant Quiz

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

1. Which of the following coins did not depict a bison?
       A) 1999 Yellowstone Park silver dollar
       B) 2005 American Bison nickel
       C) 2005 American Bison nickel
       D) 2006 North Dakota statehood quarter
       E) 2007 Wyoming Statehood quarter


2. When was the word "Dollar" first spelled out on a US Mint coin?
       A) 1793
       B) 1794
       C) 1836
       D) 1849
       E) 1877



Last week's questions:

1. Which of the following locations did not strike Spanish milled dollars?
Correct Answer: E) San Jose, Costa Rica (60%).

2. If a coin has a Sheldon number, what is it?
Correct Answer: D) Large Cent (57%).

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  Is It Time To Sell?

One Last Chance to Sell in Long Beach

Heritage offers you one last distinct opportunity to sell in the official auctions of the September 2012 Long Beach Coin and Collectibles Expo. We are excited to present our inaugural World Paper Money Signature Auction at this event, to go along with the rarities featured in our auctions of US Coins and World and Ancient coins. These auctions, along with our auction of the Shoshana Collection of Judaean coins, will provide coins for virtually every numismatic taste to be found in Southern California - not an easy thing to do!

To add your rarities to one of these auctions, just call our consignment hotline at 800-872-6467 x1000. Hurry — the consignment deadlines are coming up soon!

2012 September 5-8 The Shoshanna Collection of Judean Coins Part 2 Signature Auction - Long Beach
Consignment Deadline: Closed

2012 September 5-10 Signature World & Ancient Coin Auction - Long Beach
Consignment Deadline: Closed

2012 September 5-10, 2012 World Paper Money Signature Auction - Long Beach
Consignment Deadline: Closed

2012 September 5-9 US Coins Signature Auction- Long Beach
Consignment Deadline: July 27, 2012

David Mayfield
Vice President, Numismatic Auctions
David@HA.com
1-800-US-COINS ext. 1000

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
Coin Auctions
2012 August 2-5 US Coins Signature Auction- Philadelphia #1173
Heritage Live Enabled
2012 August 2-5 US Coins Signature Auction- Philadelphia #1173
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Add to Calendar
Sunday Internet Coin Auction Sunday Internet Coin Auction #131230
July 22, 2012
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131230
July 24, 2012
View Lots
Thursday Modern Coin Auctions Thursday Modern Coin Auctions #241230
July 26, 2012
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Monthly World Coin Auction Weekly World Coin Auction #231230
July 26, 2012
View Lots


Currency Auctions
2012 August 3 Currency Signature Auction - Philadelphia 2012 August 3 Currency Signature Auction - Philadelphia #3518
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Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141230
July 24, 2012
View Lots

Other Signature Auctions
2012 July 24 Entertainment & Music Memorabilia Signature Auction- Beverly Hills Heritage Live Enabled
2012 July 24 Entertainment & Music Memorabilia Signature Auction- Beverly Hills #7058
View Lots
Add to Calendar
2012 July 25-26 Vintage Movie Posters Signature Auction- Beverly Hills Heritage Live Enabled
2012 July 25-26 Vintage Movie Posters Signature Auction- Beverly Hills #7060
View Lots
Add to Calendar
2012 July 26-28 Vintage Comics & Comic Art Signature Auction- Beverly Hills Heritage Live Enabled
2012 July 26-28 Vintage Comics & Comic Art Signature Auction- Beverly Hills #7063
View Lots
Add to Calendar
2012 August 2 Vintage Sports Collectibles Platinum Night Signature Auction- Baltimore Heritage Live Enabled
2012 August 2 Vintage Sports Collectibles Platinum Night Signature Auction- Baltimore #7057
View Lots
Add to Calendar
2012 August 7 KidSwing Golf Tournament 2012 August 7 KidSwing Golf Tournament #515
View Lots
Add to Calendar

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161230
July 22, 2012
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Sunday Internet Comics Auction Sunday Internet Comics Auction #121230
July 22, 2012
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Sunday Internet Sports Auction Sunday Internet Sports Auction #151230
July 22, 2012
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Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251230
July 24, 2012
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Tuesday Internet Watch & Jewelry Auction Tuesday Internet Watch & Jewelry Auction #171230
July 24, 2012
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201230
July 26, 2012
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Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181230
July 26, 2012
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