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Coins
  This Week In Coin News
 
October 13, 2012

Century-old Fairbanks Alaska five dollar note coming to auction
Seldom Seen Selections: Proof 1849 Gold Dollar, Open Wreath, No L
Website Tips: Adding images of items to MyCollection
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

Century-old Fairbanks Alaska five dollar note coming to auction

Fairbanks, AK - $5 1902 Red Seal Fr. 587 First NB Ch. # (P)7718
Fairbanks, AK - $5 1902 Red Seal Fr. 587 First NB Ch. # (P)7718
A rare early National Bank Note from Fairbanks, Alaska, with prestigious serial number 1 and a pedigree from the family of the city's namesake, leads the offerings in Heritage Auctions' ANA Currency Signature Auction, the official auction of the 2012 ANA National Money ShowSM in Dallas, Oct. 17-23.

The Series 1902 Red Seal $5 National Bank Note, Fr. 587, First National Bank of Fairbanks, Apparent Choice New 63, was issued in 1905 along with $10 and $20 denominations. The city of Fairbanks was named for a then-U.S. Senator from Indiana, Charles W. Fairbanks, who had been a key participant in the 1898 negotiations over the border between Alaska and Canada. The high-grade, low-serial-number note comes directly from the family of Charles W. Fairbanks, a striking pedigree that gives an already rare piece of currency even more importance. The estimate is $200,000+.

Fr. 2221-K $5000 1934 Federal Reserve Note. PCGS Very Choice New 64PPQ
A major Featured Collection of U.S. currency auction, The John Henderson Collection, contains a number of important highlights. Chief among them is a Fr. 2221-K $5000 1934 Federal Reserve Note, PCGS Very Choice New 64PPQ. One of seven such notes discovered and offered to discerning private collectors in 2006, this example with two-digit serial number 55A is offered at public auction for the first time with an estimate of $120,000+.

A face proof for the Fr. 202 $5000 1863 Interest Bearing Note, a design unknown in issued form, is a rare opportunity to own a seldom-seen Friedberg number. A fascinating allegorical design with a woman dropping a pendant into a burning altar bearing George Washington's portrait adds further interest. The proof is estimated at $50,000+.

Fr. 202 $5000 1863 Interest Bearing Note Face Proof PCGS Apparent Extremely Fine 40, 4 POC Hessler UNL.
Further important Federal Reserve currency includes the unique Fr. 788a 1915 $5 Atlanta note with Bell - McCord signatures, PMG Very Fine 25, estimate $50,000+; a Fr. 1132-G $500 1918 note from Chicago, PCGS Extremely Fine 40, estimate $40,000+, and a Fr. 1133-L $1,000 1918 note from San Francisco, PMG About Uncirculated 55, estimate $50,000+.

Historic Gold Certificates also are among the highlights. A Fr. 1180 $20 "Technicolor" 1905, PMG Gem Uncirculated 65 EPQ, bears an estimate of $35,000+. A Fr. 1220 $1000 1922 certificate, PMG Choice Very Fine 35 Net, has an estimate of $40,000+.

Fr. 788a $5 1915 Federal Reserve Bank Note PMG Very Fine 25.
Among the noteworthy Legal Tender notes up for bid are a Fr. 161 $50 1880, PMG Gem Uncirculated 66 EPQ, part of The John Henderson Collection, estimated at $30,000+, and a Fr. 187j $1,000 1880, PCGS Apparent Fine 12, with estimate of $35,000+.

An additional Western first-serial-number Red Seal National Bank Note, Fr. 588 1902 $5 from The Morgan County National Bank in Fort Morgan, Colorado, PMG About Uncirculated 55 Net, is estimated at $25,000+, while a Fr. 382 Original "Ace" from The Wyoming National Bank, Laramie City, Wyoming Territory, PMG Very Good 10 Net, is one of three known and is estimated at $37,500+.

This auction is open for bidding now at www.HA.com/currency.

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Seldom Seen Selections: Proof 1849 Gold Dollar, Open Wreath, No L

1849 G$1 No L PR64 * Cameo NGC
1849 G$1 No L PR64 * Cameo NGC
The debate over proof 1849 No L, Open Wreath gold dollars boils down to a four-word question that only seems simple: "What makes a proof?"

PCGS has certified no 1849 gold dollars as proofs, but NGC has certified two. The PR64 Cameo example in our October Dallas Signature Auction was the first to be certified, as it is mentioned in the first (2006) edition of Garrett and Guth, whereas the PR62 specimen also in the Census Report goes unmentioned and so must have been certified later. Based on the Star designation, NGC recognizes this coin's eye appeal and quality by proof standards, which crystallizes how strongly NGC felt about the topic when it encapsulated the piece.

Perhaps the only universal criterion for "proof" in U.S. numismatics is the intent to make a special coin. While there are varying degrees of quality for regular-issue or business-strike coins, a proof is meant to be set apart from those peers -- apart and above. That said, the difference between a quality "prooflike" business strike and a true proof can be hard to discern, and the farther back in U.S. numismatic history one goes, the hazier the boundary gets. This is especially true in the pre-1858 era, when proof production was irregular and many protocols that apply to later 19th century issues were not in place.

Further complicating matters for the 1849 No L, Open Wreath gold dollar proofs is that the mintage was relatively small and many coins were saved, so the proportion of "prooflike" survivors is high — muddling the question of whether true proofs exist. The one coin that has the most published acceptance of any claimed proof 1849 gold dollar ("unquestioned" according to Bowers, "indisputable" per Garrett and Guth in their Encyclopedia of U.S. Gold Coins), acquired in 1849 and now in the National Numismatic Collection of the Smithsonian Institution, has been harshly cleaned on the reverse; effectively, it is called a proof based on one side's "prooflikeness," for its acquisition the same year it was struck is mere circumstantial evidence.

The existence of proof 1849 No L, Open Wreath gold dollars rarely has been in question, even as the statuses of various coins have come under scrutiny. Mint records do not indicate the striking of any proofs, but as the historical record shows for other coins, this is hardly a disqualifier. Walter Breen gave multiple estimates of the number of proofs extant, never more than a dozen; David Akers too evolved with time, from "seven to eight" with two auction appearances in his landmark book series from the 1970s to "nine or 10" in his 1984 cataloging of a coin he believed to be a proof.

The overriding question for the example in our Dallas auction is not "What makes a proof?" but rather "What else could this coin be?" The deep mirrors, pale sun-yellow or glossy "black" depending on the angle of the light, do not suggest a "prooflike" trick but an honest attempt at making a coin special; the same goes for the frost on Liberty's portrait, the 13 stars around that show complete centers (!), and the reverse wreath. Light linear flaws through the letters ITE of UNITED suggest die cracks, but this alone has little bearing on the coin's seeming proof status. Three parallel depressions between the left ribbon end and the U of UNITED may serve as a pedigree marker.

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Website Tips: Adding images of items to MyCollection

The Heritage "MyCollection" feature allows you to link your collectable automatically to any image you choose.

To link an image to your item, go to its listing within "MyCollection". Click on the corresponding link.

This will bring up a menu that will allow you to edit specific information corresponding to your coin.

On the right side of this page are two boxes entitled "Image One" and "Image Two". To get your picture to appear, just click on the browse button and find the image. For space reasons, images are limited to 2 MB each.

To save the images and any other changes, click on the Update button. Once you go back to your collection listings, you will see the image(s) appear.

Of course, once you have started up any collection under MyCollection, any item that you have ever bought directly from Heritage will be automatically added to your MyCollection. You need do nothing more in order to have a complete listing of these items, including purchase price and images!

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This Week's Top Ten

The ten most valuable patterns to be sold in Heritage auctions:

1874 Bickford Ten Dollar, Judd-1373, R.8, PR65 Deep Cameo PCGS
1874 Bickford Ten Dollar, Judd-1373, R.8, PR65 Deep Cameo PCGS
  1. 1874 Bickford Ten Dollar, Judd-1373, R.8, PR65 Deep Cameo PCGS. Sold for $1,265,000.
  2. 1792 One Cent, Judd-1, Pollock-1, High R.6, MS61 Brown PCGS. Sold for $1,150,000.
  3. 1879 Liberty Head Quintuple Stella, Judd-1643, Low R.7, PR62 PCGS. Sold for $862,500.
  4. 1792 Disme, Judd-10, High R.6, PR62 Brown NGC. Sold for $690,000.
  5. 1792 One Cent, Judd-2, Low R.7, VF30 PCGS. Sold for $603,750.
  6. 1877 Fifty Dollar, Judd-1549, R.7, PR67 Brown NGC. Sold for $575,000.
  7. 1915 Panama-Pacific Half Dollar in Gold, Judd-1960, R.8, PR64 NGC. Sold for $460,000.
  8. 1875 Sailor Head Ten Dollar, Judd-1443, R.8, PR64 NGC. Sold for $402,500.
  9. 1878 Liberty Head Half Eagle, Judd-1570, Unique, PR65 PCGS. Sold for $402,500.
  10. 1792 One Cent, Judd-1, High R.6, VF30 NGC. Sold for $305,500.

A repeat appearance of one coin has been omitted. Coins commonly collected along with regular issues, most notably gold Stellas, have also been omitted.

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
  • Comics & Comic Art Specialist: New York
  • 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
  • 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 Data & Research Specialist: Dallas
  • Client Services Representative: Dallas
  • Color & Photography Imaging Specialist: Dallas Contract
  • Comics Grader: Dallas
  • Consignment Director — Currency: Dallas
  • Desktop Support: Dallas
  • Digital Publishing Expert: Dallas
  • Executive Assistant — Currency: Dallas
  • Filing Clerk - Accounting: Dallas
  • Graphic Designer: Dallas
  • Interns: Dallas
  • Marketing Account Executive: Dallas, TX
  • Microsoft Dynamics GP Accounting Developer: Dallas/Contract
  • Network & Systems Administrator: Dallas
  • Operations Assistant - Coins: Dallas
  • Operations Assistant - Comics: Dallas
  • Operations Supervisor: Dallas
  • Shipping Associate: Dallas
  • Web Developer: Dallas
  • WPF Applications 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
Herbie Hancock and the Meteorite from Mars - NWA 2975 Grouplet

Lichtenstein: Sunrise; SunsetLegendary recording artist Herbie Hancock had this piece of Mars in his pocket on September 12, 2011 during the 25th Anniversary Gala Celebration of the Thelonious Monk Institute at The Kennedy Center. During the course of the evening, the specimen now offered did a bit of "star-gazing" of its own and was embraced by the likes of Jennifer Hudson, Colin Powell, Madeleine Albright and Aretha Franklin — among others.

Accompanied by a note from Hancock authenticating the best night out a piece of Mars ever had, as well as the abstract in the Meteoritical Bulletin providing authentication as to its previous life on Mars, this is one of the rarest substances on Earth made rarer by the company it has kept. 15 x 11 x 11mm (0.66 x 0.5 x .05 inches) and 4.05 grams. Provenance: The Macovich Collection, New York City. Learn More.

100% of the proceeds generated by the sale of this lot will be going to the Thelonious Monk Institute.

More information about Nature & Science auctions.

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  Heritage Interactive
Opinion Poll

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

1. Which of the following kinds of Heritage auctions (other than coins) most interests you?
       A) Fine Art
       B) Historical Memorabilia
       C) Jewelry
       D) Minerals
       E) Sports Collectibles




Last week's questions:

1. Which of the following do you prefer to collect?
A) Copper coinage (14%).
B) Silver coinage (41%).
C) Gold coinage (11%).
D) Modern coinage (2%).
E) I like it all! (31%).

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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 #131242
October 14, 2012
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131242
October 16, 2012
View Lots
Thursday Modern Coin Auctions Thursday Modern Coin Auctions #241242
October 18, 2012
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231242
October 18, 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 #141242
October 16, 2012
View Lots

Other Signature Auctions
2012 October 13 GRACE Gala Auction, Benefiting Grapevine Relief and Community Exchange 2012 October 13 GRACE Gala Auction, Benefiting Grapevine Relief and Community Exchange #527
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
2012 October 23 Modern & Contemporary Art Signature Auction - Dallas 2012 October 23 Modern & Contemporary Art Signature Auction - Dallas #5113
View Lots
2012 October 27 Maritime & Ship Models Signature Auction - Annapolis 2012 October 27 Maritime & Ship Models Signature Auction - Annapolis #5128
View Lots
2012 October 25 - 27 Vintage Sports Collectibles Signature Auction- Dallas 2012 October 25 - 27 Vintage Sports Collectibles Signature Auction- Dallas #7065
View Lots
2012 October 27 Vintage Guitars & Musical Instruments Signature Auction - Beverly Hills 2012 October 27 Vintage Guitars & Musical Instruments Signature Auction - Beverly Hills #7071
View Lots
2012 October 25 & 27 2012 October 25 & 27 "design for a living world" Auction Benefitting The Nature Conservancy #524
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2012 November 10 Western & California Art Signature Auction - Dallas 2012 November 10 Western & California Art Signature Auction - Dallas #5116
View Lots
2012 November 15 Texas Art Signature Auction - Dallas 2012 November 15 Texas Art Signature Auction - Dallas #5114
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2012 November 15 American & European Art Signature Auction 2012 November 15 American & European Art Signature Auction #5118
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2012 November 16-17 Tiffany, Lalique & Art Glass Signature Auction - New York 2012 November 16-17 Tiffany, Lalique & Art Glass Signature Auction - New York #5120
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161242
October 14, 2012
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151242
October 14, 2012
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Sunday Internet Comics Auction Sunday Internet Comics Auction #121242
October 14, 2012
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Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251242
October 16, 2012
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Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171242
October 16, 2012
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Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181242
October 18, 2012
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201242
October 18, 2012
View Lots
 

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