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Coins
  This Week In Coin News
 
August 18, 2012

World Paper Money Takes Center Stage In Long Beach
Seldom Seen Selections: The finest certified Proof 1897 double eagle
Website Tips: Printable Prices Realized
This Week's Top Ten
Our Rare Currency Team Is Expanding
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? October US Coins Signature Auction
Current Auctions: September 5 The Shoshana Collection of Judean Coins Part 2 Signature Auction - Long Beach, September 6-9 US Coins Signature Auction - Long Beach, September 6-11 Signature World & Ancient Coin Auction - Long Beach, Internet Coin Auctions


  Collector News

World Paper Money Takes Center Stage In Long Beach

More than 1,600 lots of graphically stunning and significant currency, from every country in the world, will take center stage at the Long Beach Convention Center, Sept. 6-7, as Heritage Auctions presents its first World Paper Money Signature Auction.

There is perhaps no better way to get a feel for a nation — for its history, politics and preferences - than to look at its currency. These notes range from intricate and sublime to bold, brash and everywhere in between. Many of the notes we're offering have not been seen before and we expect smart collectors will recognize an opportunity when they see it.

Ottawa, ON The Bank of Ottawa $5, Nov., 1880 Ch. # 565-12-02b

The auction includes a large selection of British commonwealth and Canadian notes, including an Ottawa, ON The Bank of Ottawa $5, Nov., 1880 Ch. # 565-12-02b (estimate: $20,000+). It comes from a bank where few of its early issues are known to exist and is a previously unknown type featuring blue sheet numbers rather than red.

Australia Reserve Bank 20 Dollars ND (1994-1996) Pick 53s McDS32
A very big selection of Australian paper includes a set of Polymer Bank Note Specimens along with other very rare "Type Two" Specimens. Among them is an Australia Reserve Bank 20 Dollars ND (1994-1996) Pick 53s McDS32, in polymer, featuring a vignette of Mary Reibey, whose story is the very embodiment of Australian history. In 1791, barely a teenager, Reibey was convicted of horse stealing and sentenced to serve seven years. She was transported from England to Australia where she later became a successful businesswoman in Sydney. It is estimated at $15,000+.

Another important discovery note is an Ireland National Bond of the Republic of Ireland $100 S105 186(6-7) Pick S105 FE10, estimated at $7,500+, in gorgeous deep green color. Records indicated it was printed, but no surviving examples had been seen until this piece surfaced earlier in the year. The eagle with sword vignette at top of this note has the words 'Irish Independence' running across it, making this a very poignant note; Ireland would not achieve independence from British rule until 55 years after this note's 1866 production.

Further highlights include, but are not limited to:

Egypt National Bank of Egypt 10 Pound
Egypt National Bank of Egypt £10 2.9.1913 Pick 14s Specimen: A rare Specimen. It was an unsigned regular issue note with serial number X/1000001 X/1050000 and it was perforated "Cancelled" at back lower center. PMG About Uncirculated 55. Estimate: $15,000+.
Portuguese India Banco Nacional Ultramarino 500 Rupias
Portuguese India Banco Nacional Ultramarino 500 Rupias 1.1.1924 Pick 30cts Jhunjhunwalla-Razack 12.20.1 Color Trial Specimen: A nicely preserved piece with ideal inks are found on this example of the highest denomination of the 1924 issue. This 500 Rupias note formerly resided in a specimen book and was removed with care. Certainly, a noble note for crowning this exquisite Banco Nacional Ultramarino third issue collection. PMG Choice Uncirculated 63. Estimate: $10,000+. Specimen examples of the other denominations from the 1924 issue are also being offered.
Netherlands Indies De Javasche Bank 25 Gulden
Netherlands Indies De Javasche Bank 25 Gulden 1.6.1921 Pick UNL Color Trial: This previously unknown 25 Gulden denomination is unlisted for the 1919-1921 Netherlands Indies issue. Gem size margins frame this beautifully printed piece which features red serial numbers and red date with the issuing city of Batavia also in red. PMG Choice Uncirculated 64.Estimate: $6,000+.

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Seldom Seen Selections: The finest certified Proof 1897 double eagle

1897 $20 PR67 Cameo NGC.
1897 $20 PR67 Cameo NGC.
Gold proofs of the 1890s provide collectors with an unbeatable combination of absolute rarity, historic interest, and aesthetic beauty. The Philadelphia Mint had perfected the techniques of proof coinage by the late 1890s, and proofs of that era are comparable to the best products of the U.S. Mint today. The 1897 proof Liberty double eagle is the rarest twenty dollar gold piece of that remarkable period, and we are pleased to offer the single finest certified example of this elusive date in our Long Beach Signature US Coin auction.

Noted gold specialist David Akers gave his thoughts about the 1897 proof twenty when he described the remarkable coin in the John Jay Pittman Collection:

"In Proof, the 1897 is the rarest Liberty Head Double Eagle from 1895-1907, although one would not be able to discern this from the mintage figures. However,... number minted does not necessarily equate to number distributed, and it is probable that a substantial portion of the 76 Proof 1897 Double Eagles minted were never sold and thus later melted. Today, only about 18-22 can be accounted for, many of which have varying degrees of impairments..."

Current research indicates there were actually 86 proof double eagles minted in 1897, rather than the 76 pieces stated by Akers, but his estimates of the rarity of this date and the surviving population have held up well over the years. Writing in 2006, Jeff Garrett and Ron Guth confirmed much of what Akers said a decade earlier:

"There are just 20-25 coins known in all grades. The population numbers are higher, but these do not take into account resubmissions. There are also several mishandled examples represented in the population reports. After 1897, Proof double eagles become much more available. The 1897 issue is underrated."

As noted by Garrett and Guth, the population data from the grading services does indicate a slightly larger number of coins still extant. NGC and PCGS have combined to certify a total of 41 examples of the proof 1897 double eagle in all grades and designations. Undoubtedly, many of these submission events are the result of coins being submitted on different occasions, because the owners have a preference for one grading service over the other, or in hopes of securing a higher grade. Reviewing auction records over the last few decades, we believe the population estimates of the experts quoted above are more accurate than the accumulated population data.

The coin in our Long Beach auction is important for its high numerical grade, but is equally notable for its aesthetically pleasing appearance. Like all coins, whether they are proofs or business strikes, gold or otherwise, eye appeal or aesthetic appearance is equally important as technical grade. This Superb Gem Cameo proof could arguably qualify as an Ultra Cameo example, with richly frosted deep yellow-gold devices that float on deeply mirrored greenish-gold fields. The fields on both sides have the usual orange-peel texture seen on many 19th century proofs. A tiny lintmark extends from the inside point of star 5 and should serve as a pedigree marker for future researchers.

This coin would be a welcome addition to the finest gold collection or Registry Set.

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Website Tips: Printable Prices Realized

Have you ever needed a printable listing of the prices realized in our auctions? Here's how to get one.

From our home page, just click on the "Auction Results Archives" tab on the left side of the page. This will take you to a listing of the auction archives. On the upper right side of the resulting page, you'll see a link called "Printable Results".

Click on "Printable Results". Now, simply choose the auction you wish to view the results from and click "Go". That's all you need!

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This Week's Top Ten

The eleven highest valued African coin lots auctioned by Heritage, one per country:

South Africa: Republic Proof Penny 1892, KM2, Hern-Z1 (est. 20 struck), PR65 RB NGC
South Africa: Republic Proof Penny 1892, KM2, Hern-Z1 (est. 20 struck), PR65 RB NGC
  1. South Africa: Republic Proof Penny 1892, KM2, Hern-Z1 (est. 20 struck), PR65 RB NGC. Sold for $195,500
  2. Ethiopia: Empress Zauditu silver Pattern Birr EE1917 (1925), Gill-Z5 struck in silver, choice UNC. Sold for $43,125
  3. Egypt: Farouk gold 500 Piastres 1938, KM373, Proof 66 Cameo NGC. Sold for $17,250
  4. Sierra Leone Company colonial Proof set 1791 of 7 coins. Sold for $16,100
  5. British West Africa George V Royal Mint Boxed Double 1913 Proof Set, KM-SS1. Sold for $13,800
  6. Morocco: Moulay al-Hasan I Silver Pattern 1/2 Mitqal 1298AH (1880), KM-Pn7, MS65 NGC. Sold for $13,800
  7. Cameroon: Republic gold Proof Set ND (1970), KM-PS1. Sold for $11,040
  8. East Africa: George V 'Proof' Set 1920H, KM-PSA1. Sold for $10,350
  9. Mauritius: Mauritius/Singapore Piefort Mule in Copper 1824, Pridmore 2. Sold for $9,775
  10. Southern Rhodesia: George VI Proof Set 1937 - NGC Certified, KM-PS2. Sold for $9,200
  11. German East Africa: German Colonial 2 Rupien 1893, KM5, Proof Cameo 64 NGC. Sold for $9,200

This listing does not include ancient coins that may have been minted in Africa. Those would probably be either Greek or Roman Provincial coins.

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

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  Announcements

Our Rare Currency Team Is Expanding

Heritage is seeking to hire the world's best specialists and is currently looking for an Executive Assistant for our Dallas office.

Heritage Auctions is seeking a well-organized self-starter to assist the Rare Currency department. Duties will include tracking inventory and consignments, catalog and ad production, proof reading and providing general assistance to the Currency experts.

Cataloger - Currency (Dallas/Remote)
Heritage Auctions is seeking a talented numismatist with broad expertise in United States Currency. This position includes coordination of currency-related writing efforts such as cataloging, social media outreach, and marketing projects. Excellent writing skills are required and pay will be commensurate with numismatic experience.

Consignment Director - Currency (Dallas)
Are you a motivated leader with a good general knowledge of U.S. history and U.S. Currency seeking a key position with Heritage Auctions? Our ideal candidate will have strong buying skill, excellent writing skills for auction cataloging, organize and obtain consignments along with catalog production. Great benefits, salary and bonus are commensurate with experience.

World Paper Money Expert (Dallas/ Remote)
Numismatists with a wide ranged knowledge of World Paper Money are being sought to expand Heritage's World Paper Money auctions. A fast paced environment is the setting for a qualified individual who enjoys interacting with collector and dealer consignors. Duties will include answering inquiries, soliciting consignments, buying, and participating in catalog production. Pay is commensurate with experience and strong writing skills are a plus.

For a full list of our career openings please visit HA.com/Jobs, or see the listings below.

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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
  • 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
From Fine Art To Furniture And Everything In Between, Our September Estate Auction Has It All

A pair of female African Elephant tusks with bronze mounts.From a pair of spectacular bronze-mounted elephant tusks to American, European, and Contemporary Art, sewn with a varied selection of fine furniture and decorative arts — including collections of ivory figures, earthenware steins, and meerschaum pipes — Heritage Auctions' 1400+ lot Estate Signature Auction, September 12-13, has been designed with every taste in mind.

"This is a wide ranging and thoughtfully assembled auction," said Ed Beardsley, Vice President at Heritage. "Included in the array we're also offering a world class collection of Tribal Artifacts that once belonged to Carl Akeley, the Father of Modern Taxidermy, and The Elton Hyder III Collection, which formerly decorated the University of Texas School of Law Library."

A pair of French Jacod Feres Empire walnut side chairs.Among the most important pieces of furniture offered in the auction, a Pair of French Jacob Fréres Empire Walnut Side Chairs, Paris, France, circa 1829 — with conclusive provenance dating to 1829 and the Chateau des Tuileries, 1829.

"These chairs are simply stunning on their own, as pieces of fine furniture," said Beardsley, "but figuring in the history and the unquestionable provenance, and they should prove irresistible to any number of collectors."

A Piertro Franchi(Italian, 1817-1878) marble figural group: Venus Et L'amourThe fine art section of the auction is brimming with affordable and tasteful paintings and sculpture, all offered at a variety of price points, including a stunning Pietro Franchi marble figural group, Venus Et L'Amour, Rome, Italy, circa 1876, after the original by Charles-Auguste Fraikin and Landscape with Travelers Along a Roadway, in the manner of 17th century Dutch painter Pieter Jansz Asch.

Manner of PIETER JANSZ ASCH (Dutch, 1603-1678) Landscape with Travelers Along a RoadwayContemporary and Modern Art is represented in a diversity of artists across the 20th and 21st centuries, including Andy Warhol with a color screenprint of Cow, circa 1976-77, Rukus Taxi, 1986, a playful sculpture from the inimitable American artist Red Grooms and Seeing More, 2012, from Hiwei Tu, one of China's most important and prolific living artists.

ANDY WARHOL (American, 1928-1987). Cow, circa 1976-77Several pieces of fine 20th Century Lalique punctuate the auction, with a Lalique Enameled Glass Dahlias Vase, Wingen-sur-Moder, France, circa 1923, leading the way, complemented by a Lalique Patinated Glass Espalion Vase, Wingen-sur-Moder, France, circa 1927, with a lovely blue patina.

An assortment of decorative furniture, vases, Meissen and other decorative arts round out the considerable offerings, led by an intricate and splendid Louis XVIII Style Porcelain, Gilt Bronze and Wood Tripod Table, probably made in Paris, France, circa 1850 — with bleu celeste ground Sèvres style bowl centered with portrait of Louis XVIII circled by 18 medallions, 17 depicting ladies of the court and one armorial, walnut pedestal with scroll and acanthus leaf gilt bronze mounts — and a Meissen Porcelain Figural Group from the early 20th century, depicting an aristocratic lady playing cards with three children.

More information about fine and decorative art 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 colonial issues displayed the denomination on the coin?
       A) Massachusetts coppers
       B) New Jersey coppers
       C) Pine Tree coinage
       D) Rosa Americana coppers
       E) Virginia halfpennies


2. What was the lowest mintage circulation strike Trade dollar?
       A) 1873
       B) 1873-CC
       C) 1875
       D) 1876
       E) 1878-CC




Last week's questions:

1. Which bird appeared on British farthings of George VI and Elizabeth II?
Correct Answer: E) Wren (44%).

2. The first date to appear on a US quarter was 1796. What was the next date to appear on a quarter?
Correct Answer: E) 1804 (32%).

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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 6-9 US Coins Signature Auction- Long Beach
2012 September 6-9 US Coins Signature Auction- Long Beach #1174
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 #131234
August 19, 2012
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131234
August 21, 2012
View Lots
Thursday Modern Coin Auctions Thursday Modern Coin Auctions #241234
August 23, 2012
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231234
August 23, 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 #141234
August 21, 2012
View Lots

Other Signature Auctions
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
2012 September 12 - 13 The Estate Signature Auction - Dallas 2012 September 12 - 13 The Estate Signature Auction - Dallas #5101
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161234
August 19, 2012
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151234
August 19, 2012
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121234
August 19, 2012
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251234
August 21, 2012
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171234
August 21, 2012
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181234
August 23, 2012
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201234
August 23, 2012
View Lots

Auction Schedule | Order a Catalog

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