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  This Week In Coin News
 
September 29, 2012

Early American Coinage Highlights Dallas Signature Auction Offerings
Seldom Seen Selections: The 44th Greatest US coin
Website Tips: Buy Now and Minimum Offer for Make Offer to Owner lots
This Week's Top Ten
American Numismatic Association School Of Numismatics
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
Instant Quiz
Is It Time To Sell? November - December US Coin Signature Auction
Current Auctions: October ANA US Coins Signature Auction #1175, Internet Coin Auctions


  Collector News

Early American Coinage Highlights Dallas Signature Auction Offerings

1792 disme struck in copper
1792 disme struck in copper

Several outstanding examples of early United States coinage will be featured as Heritage presents the Official Auction of the October 2012 National Money ShowSM in Dallas. Floor auction sessions are scheduled for October 18 and 19 at the show, with non-floor sessions scheduled through Heritage LiveTM on October 20 and 21. All bids in this Signature Auction are subject to a 17.5% Buyer's Premium.

Part 1 of The Greensboro Collection is the source for several of these outstanding rarities from the earliest days of our nation's history. The 1792 disme struck in copper is a landmark in U.S. coinage history, and unlike the more famous 1792 half dismes in silver, the disme patterns in copper are very rare. This experimental Judd-10 variety, struck with a reeded edge, is graded Proof 62 Brown by NGC.

Also from The Greensboro Collection are specimen strikings of two of the earliest US Mint issues. A 1793 Wreath cent with Vine and Bars edge, Sheldon-6 variety, was used to depict its variety in important 19th century photo plates by Levick and Crosby. Many collecting experts believe it must have been struck for presentation purposes, and the Specimen 66 Brown grade assigned by NGC, reflects that. This is a truly special coin among early large cents with vibrant and bright surfaces unlike any other Wreath cent.

1794 half dime
1794 half dime
The other Specimen is a 1794 half dime, V-3, LM-3 variety, graded Specimen 67 by PCGS. This coin's reflective surface quality sets it apart from most of its peers, which have frosty luster. It is also the single finest Specimen half dime out of only a few for the year.

For the second time this year, we have the opportunity to offer one of the four known examples of the 1802 novodel proof dollar. It is our privilege to offer this one, graded Proof 64 by PCGS, just two months after our landmark offering of another example in August. This near-Gem specimen previously was in the collections of Virgil Brand and the Norweb family, and also comes to us from Part 1 of the Greensboro Collection.

Not an example of the earliest US coinage, but a rarity from the very first year of the fabled Carson City Mint, is an 1870-CC double eagle from The Gnome at the Shore Collection. There were fewer than four thousand 1870-CC double eagles struck and only a small fraction survive, making this XF40 example a highly desirable coin. The Carson City Mint, established in Nevada six years after statehood, is synonymous with the Old West in money lore. Bigger coins, such as silver dollars and gold double eagles, are the most famous.

As in any Heritage auction, there are numerous highlights. Just a few of them include:

1870-CC $20 XF40 NGC 1870-CC $20 XF40 NGC
1853 10C Arrows PR66 NGC 1853 10C Arrows PR66 NGC

Bidding is now open on these and the thousands of other collectibles in the Official Auction of the October 2012 National Money ShowSM, at HA.com/Coins.

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Seldom Seen Selections: The 44th Greatest US coin

1833 $5 Large Date PR61 NGC
1833 $5 Large Date PR61 NGC
The 1833 proof half eagle holds the 44th spot in the third edition of Jeff Garrett and Ron Guth's 100 Greatest U.S. Coins. It was struck during the opening year of the second Mint building in 1833, and is likely one of the first gold coins produced at the new facility.

The census of 1833 proof half eagles is hardly complicated, as only three or four are known, one in the Smithsonian Institution, and another in a tightly held private collection. Nothing is known of the third piece in the roster; it is an example graded PR63 by NGC, but its whereabouts are unknown to the collecting public. In our Dallas Signature Auction, we are offering the only example that will likely be available to collectors at any time in the foreseeable future. At Proof-61, it is also a lower grade than the others, meaning it is more affordable, relatively speaking.

The three traced proofs are all from the BD-1 or Large Date die pair, with no proofs known from the Small Date obverse die. There are also a couple of other pieces that have been called proof in the past, but are now considered prooflike business strikes. Dannreuther mentions the Smithsonian piece in his reference, but fails to mention either of the other two specimens.

This early die state proof shows no signs of clash marks or cracks, with slight evidence of lapping, as certain details are diminished. The reverse die was used with two 1832-dated obverse dies, and with two 1833-dated obverse dies. Examination of the large plates in John Dannreuther's Early U.S. Gold Coin Varieties, A Study of Die States, 1795-1834, clearly shows the progression of die lapping, especially at the eagle's talon that hangs down from the upper leaf pair.

The deeply mirrored fields of this green-gold proof surround satin devices, imparting a trace of cameo contrast. Proof finish appears in the recesses of the design, such as the letters of LIBERTY and the spaces between shield stripes. The fields are lightly hairlined with other minor surface marks expected for the grade. A hint of striking softness is noted at the usual spots, especially among the wing feathers just left of the shield. When it was offered 14 years ago, this piece was conservatively graded PR58 NGC, and that old grading event still appears in the NGC Census Report.

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Website Tips: Buy Now and Minimum Offer for Make Offer to Owner lots

If you are participating in our Make Offer to Owner program, we have now made it possible for you to select both a Buy Now amount and a Minimum Offer amount on items that are eligible for the Make Offer to Owner program. You can set the minimum offer to anything you want, as long as it is at or above the minimum.

By clicking on the link to "Change the Minimum Offer amount and/or set your own Buy Now price", a window on the page will open up, allowing you to either add/change the Buy Now price, or to add/change a minimum offer. This allows you, if you like, to specify both a Buy Now price and a Minimum Offer price; for instance, you can set a Buy Now price of $1,500, but can still choose to be notified of any offers above $1,300.

Items with both a Buy Now price and a Minimum Offer price are distinguished in the search results by having both the Buy Now from Owner icon and the Make Offer to Owner icon visible. Once on the item page, the would-be buyer can choose between Buying Now at the designated price or Making an Offer.



A desirable side-effect of this change is that it is now possible to remove a lot from Buy Now status. To do this, just blank out the Buy Now amount, and add a minimum offer amount if you choose. If both the Buy Now and Minimum Offer boxes are blank, then you will be notified of any offers above the default minimum.

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This Week's Top Ten

The ten highest valued Asian coin lots to sell in Heritage auctions, one per country:

Korea: Yung Hi gold 20 Won Year 3 (1909), KM1144, J&V AD3, MS64 NGC
Korea: Yung Hi gold 20 Won Year 3 (1909), KM1144, J&V AD3, MS64 NGC
  1. Korea: Yung Hi gold 20 Won Year 3 (1909), KM1144, J&V AD3, MS64 NGC. Sold for $632,500.
  2. China: People's Republic 10kg gold 100000 Yuan 2008, KM1842, Gem Proof. Sold for $575,000.
  3. Japan: Meiji silver Pattern Yen Year 3 (1870), KM-Pn16, J&V Q1, Proof 65 NGC. Sold for $322,000.
  4. Netherlands East Indies: Proof gold Ducaton (Rider) 1728 Holland. Sold for $126,500.
  5. Philippines: USA Administration Peso 1912-S, KM-172, MS65 PCGS. Sold for $63,250.
  6. India: George V Original 1911C Proof set. Sold for $47,000.
  7. Iran: Mohamed Reza Shah gold Coronation Presentation Set 1976. Sold for $43,250.
  8. French Cochin China: French Colonial Essai Piastre 1879A, KM-E12, MS65 ANACS. Sold for $34,500.
  9. Hong Kong: Victoria One Dollar 1866, KM10, MS63 NGC. Sold for $29,900.
  10. Straits Settlements: Victoria 20 Cents 1871, KM12, MS63. Sold for $29,900.

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

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  Announcements

American Numismatic Association School Of Numismatics

If you are coming to the Dallas National Money ShowSM in October, the American Numismatic Association School of Numismatics will be offering a two-day course on the Fundamentals of Grading US Coins.

Knowledge of coin grading not only makes you more confident on the bourse floor, but also adds to your enjoyment of the hobby by helping take the worry out of numismatic purchases. Learn how U.S. coins should be graded according to the latest ANA and market standards. The seminar covers many topics and emphasizes the fundamental principles of grading circulated U.S. coins, including the history and evolution of grading standards, analysis of a coin's focal points, technical and market grading, how to determine initial signs of wear and evaluating surface marks, strike, luster and eye appeal.

Instructors: Rod Gillis, ANA numismatic educator; and Mike Ellis, ANA Governor and Variety Specialist, Mike Ellis Rare Coins

Time: 9 a.m. to 4 p.m., Tuesday and Wednesday, October 16 - 17, 2012

Tuition: $198 for ANA members; $298 for non-members. $25 discount for ANA Life Members

Click here for more information

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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
  • Asian Art Specialist: Beverly Hills
  • European Art Specialist: New York
  • Comics & Comic 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
  • 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
  • Client Services Representative: Dallas
  • Color & Photography Imaging Specialist: Dallas Contract
  • Consignment Director — Currency: Dallas
  • Desktop Support: Dallas
  • Desktop Support Supervisor: Dallas
  • Digital Publishing Expert: Dallas
  • Executive Assistant — Currency: Dallas
  • Interns: Dallas
  • Marketing Account Executive: Dallas, TX
  • Operations Assistant - Coins: Dallas
  • Public Relations Assistant: Dallas
  • Returns Clerk: Dallas
  • Shipping Associate: Dallas
  • Web Developer: Dallas
  • Wine Warehouse Assistant: Beverly Hills

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

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  Around Heritage
MBNA Collection Of Maritime Art And Ship Models Offered In Annapolis
West Wind, Britannia, White Heather, Shamrock and Lulworth in the Solent
Perhaps the finest collection of maritime art ever assembled — including more than 100 unique and intriguing scale ship models — will cross the auction block on October 27 at the U.S. Navy-Marine Corps Memorial Stadium in Annapolis, MD, as part of our Maritime & Ship Models Signature Auction.

An invitation only reception will be held on Friday, October 26, the night before the auction, at the U.S. Navy-Marine Corps Memorial Stadium and a public preview will be held for two days, or by appointment.

More than 300 lots will be offered in the auction, with estimates on the paintings ranging from $2,000 to $150,000 while most of the ship models carry estimates of $5,000 and below. The top offering in the paints section of the event is Stephen J. Renard's 'West Wind', 'Britannia', 'White Heather', 'Shamrock' and 'Lulworth' in the Solent, 1927 (estimate: $50,000+), one of three Renards to be offered. Other highlights from the paintings portion of the sale include works by Montague Dawson, James Bard, Antonio Jacobsen and Duncan McFarlane.

Scale model of The USS Franklin
Ship models range from vintage sailor's work to a fine assortment of classic sailing vessels in small and large scale, and includes such virtuosities as an impressive large scale model of The USS 'Franklin' by master modeler Stephen W. Henninger (estimate: $5,000+), complete with a full complement of model aircraft.

"The collection was assembled by the MBNA Corporation, at one time the largest independent credit card issuer in the world," said Nick Dawes, Vice President of Special Collections at Heritage. "It runs the gamut from early 19th century to modern day paintings and models, representing maritime trade, exploration, warfare and recreation from the discovery of America to the Americas Cup."

MBNA's strong presence in Maine made Maine regional art a natural focus for the collection, which was personally assembled by the company's principals. "More broadly, however, the collection is a comprehensive look at the best maritime art has to offer," said Dawes. "Maine, its proximity to the ocean and the impact of the sea on the culture of the area is intimately intertwined in this collection. The appeal of the grouping goes far beyond that, however, transcending regionalism and offering a wide variety of material to aficionados of maritime art all over the world."

William Hitchcock
Each of the ship models is being sold without reserve — The MBNA collection includes works by some of the most important American craftsmen who have, or are, working in the genre: William Hitchcock, Robert H. Mouat, Greg McKay and Stephen W. Henninger.

Heritage Auctions will be present at the Annapolis Boat Show, October 5-8, where catalogues and details will be available.

More information about fine and decorative art auctions.

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  Heritage Interactive
Opinion Poll

Answer this quick question and see how your opinion compares with your peers.

1. Where do you purchase most of your coins?
       A) Coin shops
       B) Coin shows
       C) Live auctions
       D) Online auctions
       E) Other




Last week's questions:

1. Which of these key date coins do you most want for your collection?
A) 1909-S VDB Lincoln cent (17%).
B) 1937-D Three-Legged Buffalo nickel (11%).
C) 1916-D Mercury dime (12%).
D) 1893-S Morgan dollar (22%).
E) 1907 High Relief double eagle (38%).

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  Is It Time To Sell?

Heritage is dedicated to selling your rare coins and currency for top dollar! That requires the right auction and the right venue. You deserve to be richly rewarded for your years of dedicated collecting, whether you wish to consign your entire collection or just one important piece. Contact us today to discuss your upcoming opportunities.

Our next Signature Auction will be November 29-December 2 at the Money Show of the Southwest in Houston. Contact us today at 800-872-6467 ext. 1000 to discuss your upcoming opportunities.

2012 November 29 - December 2 US Coin Signature Auction - Houston
Consignment Deadline: October 16, 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 October 18-21 ANA US Coins Signature Auction - Dallas
2012 October 18-21 ANA US Coins Signature Auction - Dallas #1175
View Lots

Sunday Internet Coin Auction Sunday Internet Coin Auction #131240
September 30, 2012
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131240
October 2, 2012
View Lots
Thursday Modern Coin Auctions Thursday Modern Coin Auctions #241240
October 4, 2012
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231240
October 4, 2012
View Lots


Currency Auctions
2012 October 17-23 ANA Currency Signature Auction- Dallas 2012 October 17-23 ANA Currency Signature Auction- Dallas #3520
View Lots
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141240
October 2, 2012
View Lots

Other Signature Auctions
2012 October 4-5 Historical Manuscripts Signature Auction - Beverly Hills 2012 October 4-5 Historical Manuscripts Signature Auction - Beverly Hills #6084
View Lots
2012 October 4-5 Rare Books Signature Auction - Beverly Hills 2012 October 4-5 Rare Books Signature Auction - Beverly Hills #6091
View Lots
2012 October 13-14 Illustration Art Signature Auction - New York 2012 October 13-14 Illustration Art Signature Auction - New York #5111
View Lots
2012 October 14 Natural History Signature Meteorite Auction - New York 2012 October 14 Natural History Signature Meteorite Auction - New York #6089
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161240
September 30, 2012
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151240
September 30, 2012
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121240
September 30, 2012
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251240
October 2, 2012
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171240
October 2, 2012
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181240
October 4, 2012
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201240
October 4, 2012
View Lots

Auction Schedule | Order a Catalog

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