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  This Week In Coin News
 
August 11, 2012

1907 Ultra High Relief Double Eagle Leads $27.5+ Million Philadelphia Auction
Mentors of Numismatists
Website Tips: Passwords
This Week's Top Ten
Reduced Auction Commissions When You Resell Your Winnings!
Olympic Pin It to Win It
Employment Opportunities
Around Heritage Auctions
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? October US Coins Signature Auction
Current Auctions: 2012 September 5 The Shoshana Collection of Judean Coins Part 2 Signature Auction - Long Beach #3018, 2012 September 6-11 Signature World & Ancient Coin Auction - Long Beach #3020, Internet Coin Auctions


  Collector News

1907 Ultra High Relief Double Eagle Leads $27.5+ Million Philadelphia Auction

1907 $20 Ultra High Relief, Sans Serif Edge, Judd-1907, Pollock-2001, R.8 PR58 PCGS Secure
1907 $20 Ultra High Relief, Sans Serif Edge, Judd-1907, Pollock-2001, R.8 PR58 PCGS Secure
An extremely rare example of the prized 1907 Ultra High Relief double eagle sold for $1,057,500 to lead the results of our US Coins Signature Auction, held in Philadelphia August 2-5. More than $21 million in rare coins sold in August 3rd's Platinum Night. Overall, this auction brought its happy consignors over $27.5 million, with an additional $1 million in sales from our currency auction held on August 3. All prices include 17.5% Buyer's Premium.

The Ultra High Relief double eagle in this auction is distinctive because of its 1906 Style edge lettering, in a Sans Serif Font with stars between each of the letters of E PLURIBUS UNUM. This lettering style dates this coin as one of the first three Ultra High Reliefs struck. This piece was the first coin discovered with this lettering style, in 1992, and today just two such coins are known. The coin shows evidence of handling, as implied by its Proof-58 grade. If it was used as a pocket piece by some early recipient, we can only wonder who that person was.

Almost as rare, with only four examples known, is the 1802 Novodel proof dollar that realized $851,875. The term "novodel" describes a coin struck long after the date it bears, but which is not a restrike. The dies for this coin were most likely prepared in the 1870s, when the coin is believed to have been struck. We believe that this piece is the finest known of the four by the tiniest of margins.

The 1921 Saint-Gaudens double eagle is an absolute rarity that sells for mid- to high-five figure prices in any grade. It is also the premier condition rarity in the series, with only four examples known that grade MS65 or higher. One such Gem sold for $587,500 in this auction, demonstrating the extreme interest these large gold coins hold for collectors.

Just a few of the many other highlights of this auction included:

1802 $1 PR65 Cameo PCGS. CAC 1802 $1 PR65 Cameo PCGS. CAC
1887 $20 PR67+ * Cameo NGC 1887 $20 PR67+ * Cameo NGC

Our Long Beach World and Ancient Coin auction, Long Beach World Paper Money auction, and Shoshana Collection auction are already open for bidding at HA.com. The Long Beach US Coin Auction will open very soon for bidding at HA.com/Coins.

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Mentors of NumismatistsBy Taylor Webb

This essay won first place in our recent YN Essay Contest. Enjoy!

When you started collecting, hopefully when you were young, who helped you collect, and with your collection experiences? As a young numismatist, this is especially important, because it helps you expand your collecting expertise, and it can also help you learn. A lot of collectors have been started because of a neat coin-related gift, or a nice bit of numismatic knowledge. Whatever the reason, this can jumpstart both collectors and collections.

When I started collecting, at age 8, I was surrounded both with people willing to teach me, and people willing to help me finish my collection. These people have helped me both by giving me a coin, and giving me large amounts of help.

My first encounter with a gifting person was when I met my fifth grade teacher, Mr. Z. I was going to an open house for my school, when he approached me asking whether or not I collected. Of course I said yes, and he produced from his pocket a handful of coins. I don't remember the specific dates, but I do remember that among them was a dateless Standing Liberty Quarter Dollar, a few buffalo nickels from the late 1930's, and a few common date Indian head cents. I was especially interested in these buffalo nickels, as they were new to me. I remember that they had glue on them. This encounter was especially sweet as Mr. Z went on to become one of my favorite teachers ever.

Another encounter with a great gifter came when I learned that my Great Grandfather had a coin collection. He was long deceased, and I didn't know much about him, but it made me proud that he too was a numismatist. I learned that his collection resided with my great-uncle. I immediately wrote to him asking to view some of his coins. He replied a few days later on the phone telling me he would bring them to our next family reunion. I came home the next time with a big smile and a box full of coins. He had multiple modern sets, and coin dating back to the later 1800's. The most valuable coin is the 1872 Indian head cent. I am proud to say I still have it to this day.

Another encounter came in the form of multiple opportunities with nice and loving neighbors, older folks, who were great friends of my dad. The older man used to be a coin collector from the 60's to the 70's, and then dropped out for lack of interest. I remember him bring out a large bag of wheat cents, and poured them out all over the table because he had heard of, in the newspaper, a 1943 copper cent that sold for a large sum of money, so he was looking for one. At this time, I wasn't a collector, but this memory struck me as interesting, and it made me want to be a numismatist. We never found a copper 1943 though. When I started collecting coins, I had been pestering him to show me his coin collection. Finally, a few months ago, he showed me, and let me buy what I wanted at the current Greysheet prices. Then we took the rest to a nearby coin dealer, where we sold most of his silver scrap, along with a 1928 $20 Gold Certificate. I later became good friends with the coin dealer, even though I am still a YN.

I have one last person in mind, and this person is a long time collector from New York — I will call him Green since that's what he goes by on the coin forums. I was browsing a forum, and Green and I were good friends, and he messages me one day saying he will send me some "Stuff" and to send him my address. A week or two later, a huge package came, containing a bunch of old ANA magazines, a bunch of old and new coins, and books. The former prompted me to join the ANA.

These are just some of the many people who have helped me expand my collection, by giving me opportunities and sometimes coins. These are the people who bring new people to the hobby, and are the backbone of it. I am grateful for all of them.

Bob's comments: Are there any collectors who started without help and guidance? Having spoken to thousands of numismatists over many decades, I only encountered two — one was a CPA who invested in coins, and the other was a most disagreeable dentist! My love affair with coins was inspired by my brother-in-law (well, he was my brother-out-law then, but I digress...). For the rest of us, numismatics is as much about friendships and sharing as it is about the coins and notes. Taylor has learned a valuable lesson about that, and my hope for him — and the wider world of collectors — is that they pass along these joys to a new generation.

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Website Tips: Passwords

We have recently made a number of changes to our website to increase security. These changes largely involve passwords and when and how you enter them.

  1. All passwords are now encrypted. This means that nobody at Heritage has access to them.

  2. All passwords, including existing ones, are now case-sensitive. This may mean that a password you have using for a while may suddenly no longer work, especially if it's a password that you did not enter.

  3. If you forget your password and click on the "Forgot Password" link, we will now take you to a page where you can reset your password, rather than requesting your password to be sent to your email address.

    When you get to this page, enter your email address, and we will send you an email with a link to enter a new password of your choice.

    If you know your password, you can still change it through MyProfile, as always.

  4. All new passwords at HA.com, whether entered through MyProfile, the password reset page, or by signing up as a new member, must be at least eight characters long and include at least three of the following: Lower case letters (a-z), Upper case letters (A-Z), numbers (0-9), or special characters.

  5. HA.com no longer asks you for your username and password on the same page on which you place your bids. If you are bidding from an item page, by default you will be taken to a new page that will ask for your username and password, regardless of whether you're already logged in. To get around this, check "Remember my password for bidding" as you sign in.

    Search pages no longer display bid boxes unless you are signed in; instead they will ask you to sign in to bid. Once signed in, you will be able to place bids by simply clicking the "Submit Batch Bids" button.

    MyBids, MyTrackedLots, and MyWantlistMatches also no longer ask for your sign-in information to place bids. Because you must be signed in to reach these pages, you need only click the "Submit Batch Bids" button.

  6. If you try to track a lot while not signed in, whether on the search page or an individual item page, you will be taken to a sign-in page. Once you've signed in, your lot will be tracked.

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This Week's Top Ten

1913 5C Liberty PR64 NGC
1913 5C Liberty PR64 NGC
The eleven highest valued coins dated 1913 to sell in Heritage auctions:
  1. 1913 5C Liberty PR64 NGC. Sold for $3,737,500
  2. 1913-S $10 MS66 PCGS. Sold for $299,000
  3. 1913-S $5 MS66 PCGS. Sold for $218,500
  4. 1913-S 25C MS68 PCGS. Sold for $172,500
  5. 1913-S $20 MS66 PCGS. Sold for $149,500
  6. 1913 $10 MS67 PCGS. Sold for $126,500
  7. 1913 $10 PR68 NGC. Sold for $92,000
  8. 1913 $20 PR67 NGC. Sold for $89,125
  9. 1913 $20 PR67 NGC. Sold for $86,250
  10. 1913 $5 PR67 PCGS. Sold for $86,250
  11. 1913 $10 PR67 NGC. Sold for $86,250

Repeat appearances of two coins have been removed.

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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Olympic Pin It to Win It

With the 2012 Summer Olympic Games underway, we invite you to create a board on Pinterest expressing your favorite athletes, events and Olympic-themed material for a chance to win! Simply follow the three steps below for a chance to win $50 cash from Heritage Auctions.

  1. Follow Us — pinterest.com/heritageauction
  2. Pin It — Pin at least 10 images, 1 of which must be from HA.com
  3. Enter to Win — email FB@HA.com with your pinboard URL.

*Contest ends Friday, August 17th at 11:59 pm CST.

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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
  • Consignment Director — Currency: Dallas
  • Desktop Support: Dallas
  • Desktop Support Supervisor: Dallas
  • Digital Publishing Expert: Dallas
  • Graphic Designer: Dallas, Part-Time
  • Interns: Dallas
  • Inventory Control Clerk: Dallas, TX
  • Marketing Account Executive: Dallas, TX
  • Operations Assistant - Coins: Dallas
  • Operations Assistant - Comics: 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
Elvis Presley Artifacts Up For Grab In Heritage Auctions In Memphis, TN Event

Fans of the late, great Elvis Presley will have a unique chance to acquire a piece of The King, 35 years after his death – including an Elvis Presley 1954 Eagles Nest original hand-painted concert poster, Memphis TN (estimate: $30,000+), from the beginning of his career – when Heritage Auctions' presents its second Ultimate Elvis Signature Auction on Tuesday, Aug. 14, at The Peabody Hotel in Memphis, TN.

"Elvis remains one of the most popular and durable figures in American Pop Culture," said Margaret Barrett, Director of Entertainment & Music Memorabilia at Heritage Auctions. "This auction, our second event totally dedicated to Elvis, is a celebration of his amazing life and legacy. From autographs and signed documents, rare concert posters and photos, personally owned jewelry and clothing, recordings and a variety of memorabilia, fans of Elvis will all have an opportunity to bid on their favorite pieces."

Elvis collectors and aficionados alike will have a chance to preview the 300+ Elvis artifacts on display at the famous Peabody Hotel on Sunday (3:00 PM - 9:00 PM), Monday (9:00 AM - 8:00 PM) and Tuesday (9 a.m. to 12 noon), Aug. 12-14, before the auction.

Early Elvis promotional material, in the form of concert posters and programs, has already been creating significant buzz amongst collectors with the top of this grouping coming in the form of the aforementioned Elvis Presley 1954 Eagles Nest original hand-painted concert poster, Memphis TN (estimate: $30,000+), rendered on a black poster board and hand-lettered in red and white gouache paint. It was made for Elvis' Dec. 10, 1954 gig at the Eagles Nest, the nightclub located on Highway 78, outside of Memphis (though it was likely painted by a local artist). Elvis had been performing at this club since August of that year, with much success.

An Elvis Presley concert poster from Feb. 6, 1955 (estimate: $7,000+), is one of the most important and intriguing pieces of Elvis memorabilia to ever come to the auction block. Elvis had just released his third Sun single, "You're A Heartbreaker"/"Milkcow Blues Boogie" and was causing a stir regionally, landing on the bill of this big Country concert.

"This is one of only a handful of pieces to ever surface from this concert and is one of the earliest known Elvis concert posters of all," said Jim Steele, Consignment Director at Heritage, "but it's not either of the performances Elvis gave that day that makes this a significant piece of Rock and Roll history. It's what happened between the two shows that would change Elvis' life and the music world forever: it was on this night, between these two shows, that Elvis was introduced to Colonel Tom Parker who would become the key figure in Elvis' management team."

One more important piece of promotional material, and one of the most interesting lots in the entire auction is an Elvis signed Big D Jamboree Program from Dallas's now-defunct Sportatorium in 1955 (estimate: $5,000+), which took place just as Elvis was starting to become a national phenomenon. This is the only known copy of this program to surface.

"Elvis was just one of more than a dozen acts on the bill on Sept. 3, 1955," said Steele. "Elvis, not yet 21, took the stage during three slots. At the time it was a highlight of Elvis' young career – as it turned out, it was a historic event for the venerable Big D Jamboree, which would become a nationally broadcast radio program the following year."

Presley's stage worn gold coin and diamond ring (estimate: $35,000+), an 1853 two and a half dollar gold coin surrounded by tiny diamonds, can be seen on Elvis' finger in the 1970 documentary film, Elvis: That's the Way it Is andis complemented in the event by several other pieces of Elvis jewelry, including:

Elvis' personally owned and worn gold and citrine ring (estimate: $8,000+), given to his girlfriend, Linda Thompson, in the 1970s and kept by her until the mid-1980s; Elvis' Rubellite Ring, 1970s (estimate: $8,000+), also given to Thompson; Elvis' Turquoise and Silver Bracelet (estimate: $6,000+), consisting of four large pieces of turquoise mounted on a sterling silver bracelet and worn by him on several occasions before giving it to Dennis Roberts, the optician who designed many of the King's distinctive eyeglasses and Elvis' Tiger Eye Ring (estimate: $5,000+), owned and worn by Presley, and given to Claude Thompson, a choreographer who had worked on Elvis' 1968 Comeback television special.

"We have many choice offerings of Elvis' jewelry," said Garry Shrum, Consignment Director at Heritage, "always among the most evocative and popular pieces of Elvis related memorabilia. The King loved jewelry almost as much as he loved giving it away to his friends, girlfriends and fans."

More information about Entertainment Memorabilia auctions.

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Parade of Playhouses Auction Benefitting Dallas CASA

Maritime Lighthouse Playhouse
Maritime Lighthouse
Playhouse
The 2012 August 19 Parade of Playhouses Auction is now open for bidding, with the proceeds benefitting Dallas CASA.

ABOUT DALLAS CASA
On an average day in Dallas County, nearly 2,000 children who have been removed from their homes are waiting for the courts to decide where they may safely live.

Dallas CASA is a non-profit organization of community volunteers who are appointed by juvenile court judges to serve as voices for these children in court. Our Court Appointed Special Advocates complete 30 hours of specialized training and are overseen by staff supervisors.

While lawyers resolve the legal issues, CASA volunteers focus on the needs of the children. Each volunteer works directly with a child and the agencies involved in that child's case. Because they are assigned to only one case at a time, CASA volunteers are able to dedicate more time to understanding each child's circumstances. Volunteers get to know everyone involved in a child's life and make informed recommendations to the court about where their CASA child can live safely and permanently. CASA volunteers become the eyes and the ears of the court. As a result, judges are able to make the best decisions for each child.

Dallas CASA exists so that abused and neglected children in protective care have the best chance to become successful adults. With the help of caring advocates, the cycle of abuse and neglect can be broken. More than 550 volunteers serve more than 1,300 abused children annually in Dallas County. Sadly, only two out of five abused children in Dallas have CASA volunteers to help them find safe homes. Because every child has the right to be safe, our goal is for every abused child to have a CASA volunteer to advocate for their best interests and help them find loving, permanent homes where they can thrive. www.dallascasa.org

About Parade of Playhouses Presented by the ORIX Foundation
Parade of Playhouses, at NorthPark Center, raises funds so that Dallas CASA can provide volunteer advocates to help abused and neglected children realize their dreams of finding safe, permanent homes.. Each year, one very special playhouse is selected for auction to raise additional funds to support Dallas CASA. Proceeds from the auction are used to help train and supervise volunteers who advocate for children who have been removed from their homes because of abuse or neglect. www.dallascasa.org

The Maritime Lighthouse will delight any future sailor. The house comes equipped with a signal light to alert sea-faring vessels of its presence. A ship's ladder leads up to the second level where your little lighthouse keeper can ring the signal bell. Down on the first level, the indoor play area is perfect for encouraging a child's imagination to set sail on the open sea. Constructed of high quality lumber, siding and poly-carbonate sheeting, this playhouse will make the perfect addition to a kid-friendly backyard.

Bid on the Maritime Lighthouse Playhouse! We hope you will bid high and bid often to win your dream playhouse to benefit abused children represented by Dallas CASA.

No buyer's premium is due for this Charity items.

More information about Charity auctions.

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  Heritage Interactive
Instant Quiz

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

1. Which bird appeared on British farthings of George VI and Elizabeth II??
       A) Dodo
       B) Eagle
       C) Robin
       D) Swallow
       E) Wren


2. The first date to appear on a US quarter was 1796. What was the next date to appear on a quarter?
       A) 1797
       B) 1801
       C) 1802
       D) 1803
       E) 1804



Last week's questions:

1. What is (a) "Pobjoy"?
Correct Answer: E) The name of a private mint in the UK (48%).

2. What was the last year that rays were added to the reverse of the Seated Liberty half dollar?
Correct Answer: A) 1853 (28%).

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  Is It Time To Sell?

Ten Reasons Why You Should Consign to Heritage's Official Auctions of the Fall 2012 ANA National Money Show in DALLAS

  1. Higher prices realized are the focus of everything Heritage does. Proven prices realized leadership means more dollars for YOU at settlement.
  2. YOU benefit from selling in Dallas, the numismatic capital of America.
  3. Unparalleled management continuity is why YOU can completely trust Heritage to deliver.
  4. Nothing matters more than our financial stability when YOUR check is due.
  5. Heritage's commitment to transparency inspires a worldwide level of trust that benefits YOU.
  6. Leading through statistics define bidder success on YOUR lots.
  7. More clients and more Internet visitors at HA.com focus more demand on YOUR lots.
  8. HERITAGE Live! puts YOUR lots in front of a new generation of collectors.
  9. YOU benefit directly from Heritage's highly effective — and global — marketing programs.
  10. Heritage has sold more than $350 million at our 42 record-setting prior Official ANA Auctions — experience YOU will benefit from!

2012 October 18-21 US Coins Signature Auction - Dallas
Consignment Deadline: September 4, 2012

2012 October 18-22 Currency Signature Auction - Dallas
Consignment Deadline: August 28, 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 September 5 The Shoshana Collection of Judean Coins Part 2 Signature Auction - Long Beach
2012 September 5 The Shoshana Collection of Judean Coins Part 2 Signature Auction - Long Beach #3018
View Lots
2012 September 6-11 Signature World & Ancient Coin Auction - Long Beach
2012 September 6-11 Signature World & Ancient Coin Auction - Long Beach #3020
View Lots
Sunday Internet Coin Auction Sunday Internet Coin Auction #131233
August 12, 2012
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131233
August 14, 2012
View Lots
Thursday Modern Coin Auctions Thursday Modern Coin Auctions #241233
August 16, 2012
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231233
August 16, 2012
View Lots


Currency Auctions
2012 September 6-10 World Paper Money Signature Auction - Long Beach 2012 September 6-10 World Paper Money Signature Auction - Long Beach #3519
View Lots
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141233
August 14, 2012
View Lots

Other Signature Auctions
2012 August 14 Elvis Memorabilia Signature Auction - Memphis 2012 August 14 Elvis Memorabilia Signature Auction - Memphis #7068
View Lots
2012 August 19 Doodle for Hunger - Celebrity Art & Autograph Auction Benefitting St. Francis Food Pantries & Shelters 2012 August 19 Doodle for Hunger - Celebrity Art & Autograph Auction Benefitting St. Francis Food Pantries & Shelters #519
View Lots
2012 August 19 Parade of Playhouses Benefitting Dallas CASA 2012 August 19 Parade of Playhouses Benefitting Dallas CASA #520
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161233
August 12, 2012
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151233
August 12, 2012
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121233
August 12, 2012
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251233
August 14, 2012
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171233
August 14, 2012
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181233
August 16, 2012
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201233
August 16, 2012
View Lots

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