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Coins
  This Week In Coin News
 
November 10, 2012

Fascinating Pieces featured in Houston Auction
Seldom Seen Selections: Specimen-65 1837 Feuchtwanger 3 Cent Piece, Very Rare Low-119 Variety
Separated at Birth?
Website Tips: Outbid Notices via Text Message
This Week's Top Ten
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
Instant Quiz
Is It Time To Sell? 2013 January Orlando FUN Auctions
Current Auctions: November 29 - December 2 US Coin Signature Auction - Houston #1177, Internet Coin Auctions


  Collector News

Fascinating Pieces featured in Houston Auction

1786 COPPER New York Copper, NON VI VIRTUTE VICI, Small Head XF40 PCGS. CAC. Baker-13, W-5730, R.6.
Our Houston US Coin Signature Auction, the official auction of the Money Show of the Southwest, is now open for bidding! Scheduled for November 29 - December 2 in Houston and over the Internet at www.HA.com, this auction contains an unusually wide variety of rarities for your numismatic pleasure.

Several of the notable highlights of this US coin auction are not US Mint products at all. A rare New York Copper with the obverse legend NON VI VIRTUTE VICI ("Not by violence but by excellence have I conquered") is coveted by collectors of both Washingtonia and Early American coinage. Although 25 examples are believed to be known, this variety is seldom offered at auction; with the last appearance we're aware of having taken place in 2004.

1783 SHLNG Chalmers Shilling, Long Worm AU58 PCGS. CAC. Breen-1012, W-1790, R.4.
A 1783 shilling is one of the few private silver issues produced in America in the 18th century, and one of three silver denominations produced by Annapolis silversmith John Chalmers. The obverse of this coin features two birds fighting over a long, thin object which is believed by most numismatists to be a worm. This near-Mint coin is the rarer Long Worm variety and is only surpassed in grade by one piece. Another private issue, the 1837 Feuchtwanger three cent piece, is detailed further in the next article.

Coins having a connection to the Confederate States of America are rare and highly desirable. A small number of original half dollars and cents dated 1861 are known and even restrikes from original dies dating back to the 18th century can bring great premiums. While restruck half dollars appear at auction with some frequency, the 1874 Haseltine cent restrikes, made with the original dies for the Confederate cent, are much rarer. The Houston auction features an outstanding example, one of two known to PCGS in Proof-65 Red and Brown, with none finer.

One US Mint issue of note in the Houston auction is a medal, not a coin. A gold 1925 Norse medal is one of the top five examples of this rare issue certified by the major grading services. This piece was issued as a medal rather than a coin after abuses in other commemorative coin programs, but is commonly collected along with classic US commemorative coins. Only 47 examples were issued in gold.

Other highlights of this auction include, but are not limited to:

Place your bids on the treasures in this auction now at www.HA.com/coins.

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Seldom Seen Selections: Specimen-65 1837 Feuchtwanger 3 Cent Piece, Very Rare Low-119 Variety

1837 3C Feuchtwanger Three Cent, Eagle SP65 PCGS. CAC. Low-119, HT-265A, High R.7.
1837 3C Feuchtwanger Three Cent, Eagle SP65 PCGS. CAC. Low-119, HT-265A, High R.7.
While the Bavarian-born chemist Lewis Feuchtwanger tenaciously began lobbying Congress in the 1830s for the introduction of coinage using his composition of copper, nickel, zinc, and tin, powerful nickel interests eventually prevailed upon the conclusion of the Civil War. Although Feuchtwanger's one cent German-silver tokens are relatively plentiful and most collectors are familiar with them, his three cent tokens are undeniably scarce, particularly in Mint State.

Dr. Feuchtwanger struck three different varieties of his three cent piece, one with a coat of arms obverse, and two with the eagle obverse. Our November 29 - December 2 Houston US Coin Signature Auction offers examples of all three varieties in MS63 or finer grades, highlighted by an example of the Low-119 Variety in Specimen-65.

Low-118 is the usually seen die marriage for eagle obverse pieces. It is very scarce, and is the variety depicted on page 400 of the 2013 Guide Book. Low-119 is less known and very rare, with only six examples believed to be known. The date is larger, the denomination is expressed on the reverse in both words and the number 3, an oak wreath replaces a laurel wreath, and the eagle's rock has a flat base.

The most interesting difference between Low-118 and the present variety is the quality of engraving on the eagle. The Low-118 eagle has exceptionally fine style, but the Low-119 eagle is somewhat awkward and exhibits a nearly comical expression. It is possible that Dr. Feuchtwanger commissioned Low-119 first, and then decided to replace it with the more aesthetic Low-118.

Russell Rulau (2004) separates Low-119 into two varieties: HT-265 with commercial surfaces and HT-265A in proof format. Hard Times specialists believe that the very rare Low-119 was never intended for circulation, and this variety is known only with prooflike surfaces.

The piece in our Houston auction is virtually as made. The glassy fields display delicate honey-gold and ice-blue tints. The strike is crisp, though slightly incomplete at the center of the eagle, where the relief is at its height. Imperfections are limited to a brief lint mark above the ribbon and a slender diagonal linear depression between the G in FEUCHTWANGER to the space between the bases of the RE in THREE. Although inaccurately described as a "scratch" in the Oechsner auction, it is certain that this line was on the planchet prior to the strike. It is barely perceptible except near the R in THREE, where it is opposite the highest relief of the eagle and thus was not effaced by the strike.

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Separated at Birth?

The 1925 Norse-American Gold Medal, PR66 PCGS...

1925 Medal Norse Gold PR66 PCGS. CAC.

...and Journey Into Mystery #89?

Journey Into Mystery #89 (Marvel, 1963) CGC VF/NM 9.0 Off-white pages.

If you want 'em both (and who wouldn't?), the medal is a highlight of our November 29 - December 2 U.S. Signature Coin auction, and this 9.0 Signature Series copy of the comic (signed by Stan Lee, no less) is available on our ComicMarket.

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Website Tips: Outbid Notices via Text Message

Heritage can now notify you immediately by text message when you are outbid on any auction lot. To use this new service, just go to MyProfile and enter your mobile phone number. We will send you a confirmation text message. To activate this service, just reply to the confirmation message with 'yes'.

Heritage doesn't charge for this service, but standard text messaging rates may apply from your carrier. Text messages will not be sent between the hours of 10:30 PM CT and 8 AM CT, and any messages queued up during that timeframe will be sent at 8 AM the next morning.

This new feature is still in development. Your feedback is valuable in helping us improve the service, so please send comments to Webmaster@HA.com.

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This Week's Top Ten

The ten most valuable circulated Morgan Dollars to sell in Heritage auctions, one per date:

1893-S $1 AU58 PCGS.
1893-S $1 AU58 PCGS.
  1. 1893-S $1 AU58 PCGS. Sold for $80,500.
  2. 1895 $1 PR55 PCGS. CAC. Sold for $35,103.75
  3. 1892-S $1 AU58 PCGS. Sold for $32,200.
  4. 1903-S $1 Small S AU55 NGC. Sold for $23,000.
  5. 1889-CC $1 AU58 PCGS. CAC. Sold for $19,550.
  6. 1878 8TF $1 AU50 ANACS. VAM-14.17. Sold for $13,800.
  7. 1878 7/8F $1 Weak AU58 PCGS. VAM-44A. Sold for $12,075.
  8. 1901 $1 Doubled Die Reverse AU58 PCGS. Sold for $9,775.
  9. 1888-O $1 Doubled Die Obverse AU58 PCGS. VAM-4. Sold for $8,941.25.
  10. 1878-S $1 XF40 ANACS. Long Nock, VAM-72. Sold for $8,812.50.

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

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  Announcements

Reduced Auction Commissions When You Resell Your Winnings!

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

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

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  Employment Opportunities

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

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

  • 20th Century Design Specialist: Beverly Hills, New York
  • 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
  • Cataloger — Decorative Arts: Dallas
  • Cataloger — Fine Arts: Dallas
  • Client Services Representative: Dallas
  • Color & Photography Imaging Specialist: Dallas/Contract
  • Comics Grader: Dallas
  • Consignment Director — Currency: Dallas
  • Desktop Support: Dallas
  • e-Publishing Expert: Dallas
  • Graphic Designer: Dallas
  • Interns: Dallas
  • Microsoft Dynamics GP Accounting Developer: Dallas/Contract
  • Network & Systems Administrator: Dallas
  • Operations Assistant — Coins: Dallas
  • Senior Settlements Accountant: Dallas
  • Shipping Associate: Beverly Hills/Part-time
  • Wine Warehouse Assistant: Beverly Hills
  • Wine Warehouse Manager: Beverly Hills
  • WPF Applications Developer: Dallas

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

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  Around Heritage

McFarlane's Spider-Man, Calvin & Hobbes original art lead Heritage Auction's Comics & Comic Art Signature Auction

Todd McFarlane The Amazing Spider-Man #325 Cover Original Art (Marvel, 1989).
Todd McFarlane's bombastic original cover art featuring Spider-Man and the Red Skull from The Amazing Spider-Man #325, 1989, and the original hand-colored Bill Watterson Calvin & Hobbes artwork from Nov. 19, 1986 — the first original Watterson Sunday strip known to have come up for public auction — top Heritage Auctions' Nov. 15-17 Vintage Comics & Comic Art Signature® Auction.

The auction features more than 2,000 lots of the finest examples of comic art and high-grade comic books from a host of sources, including the collection of legendary comic creator Joe Simon, The Shamus Modern Masterworks Collection, The Art of the Funnies, one of the greatest collections of classic newspaper strip art ever assembled, The Bob Brown Collection and The Don Perlin Collection.

"Simply put, we believe this may well be the single greatest offering of original comic art ever held," said Todd Hignite, Vice President of Heritage Auctions. "The quality and diversity of talent represented in this auction sets the bar as high as it's ever been for one of our offerings. The depth is just unparalleled."

McFarlane's Red Skull Spider-Man cover hails from the second part of The Shamus Modern Masterworks and is expected to bring $150,000+.

"Demand for McFarlane's original Spider-Man art continues to climb at a meteoric pace," said Ed Jaster, Senior Vice President of Heritage, "as evidenced by two important pieces which sold in Heritage's July auction. The cover of The Amazing Spider-Man #328, depicting an epic battle between Spidey and The Hulk, brought a world record price of $657,250 and the cover art from Spider-Man #1 sold for $358,500. Demand should be equally high for the second part of this offering."

Bill Watterson Calvin and Hobbes Hand-Colored Sunday Comic Strip Original Art dated 10-19-1986 (Universal Press Syndicate, 1986).
Watterson's ink and watercolor strip, the first such documented piece to ever make it to public auction, was a gift to fellow cartoonist Brian Basset, creator of the popular strips Adam@Home and Red and Rover. It is estimated at $125,000+.

"The last Calvin and Hobbes art to be sold was in Heritage's February auction," said Hignite, "when a watercolor calendar cover from 1986 brought $107,550. This is an even rarer thing, so we expect the top collectors to come after this piece very hard."

Another iconic image, which is already creating a large amount of early collector buzz, is Steve Ditko's splash page from Amazing Spider-Man #12, 1964. The rarity is a Spidey collector's dream thanks to its tableau of characters: Spidey, Doc Ock, Betty and J. Jonah Jameson among the featured players. This rare pearl of Silver Age Marvel art is expected to sell for $120,000+.

Playboy #1 Red Star Copy (HMH Publishing, 1953) CGC NM 9.4 Off-white to white pages.
DC Comics fans will delight in the offering of one of, if not the single most famous DC Silver Age cover art Heritage has offered. The 1963 gem is Carmine Infatino's classic cover to Flash #137, featuring an epic battle between Barry Allen, the Silver Age Flash from Earth One and Jay Garrick, DC's Golden Age Flash from the universe that became known as Earth Two. The issue famously marked the first full Silver Age appearance of The Justice Society and villain Vandal Savage. It carries a pre-auction estimate at $100,000+.

On the comics side of the auction, Heritage will be offering a Near Mint/Mint copy of The Silver Surfer #1 (Marvel, 1968) CGC NM/MT 9.8, (estimate: $30,000+) a copy of this iconic book as close to perfect as most collectors will ever find, while a rare Red Star Copy of Playboy #1 (estimate: $30,000+) will get bidders heart's racing for more than the tempting Marilyn Monroe cover. The "Red Star" copy of the first issue is much rarer than the regular newsstand copy (so named because of the star appearing to the left of the "P" in "Playboy"). This stands as the highest-graded copy of a Red Star Playboy #1 certified to date.

The highest-graded copy known of The Avengers #57 Signature Series (Marvel, 1968) CGC NM/MT 9.8 is expected to bring $18,000+. The issue also features an autograph from Stan Lee.

More information about comics auctions.

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Samuel Countee's 1940 The Longshoreman highlights Heritage's Nov. 15 Texas Art Auction

The Longshoreman (African-American Dock Worker), 1940.
The Longshoreman (African-American Dock Worker), Samuel Countee's evocative, museum-quality 1940 masterpiece, a prime example of Texas talent and historical importance, is the premier painting in Heritage Auction's Nov. 15 Texas Art Signature® Auction. It is expected to bring $60,000+ and joins highlights from the Kelly Fearing estate along with works by other important Texas artists Porfirio Salinas, Frank Reaugh, Robert William Wood and William A. Slaughter.

The Longshoreman is among Countee's greatest achievements as a painter.

"This is a very important historical painting," said Atlee Phillips, Director of Texas Art at Heritage, "as important as the best works of his Texas contemporaries, and most certainly a standout example of Countee's Regionalism. The work is uniquely Texas in every light and shows why Countee was one of the finest early Texas artists active in the twentieth century."

It is likely that the scene derives from the many dockworkers active in Houston docks, which would have been a familiar scene to Countee. It remains a bold statement on the power and potential of African-American men, despite the fact Countee produced the work during troubled times for African-Americans in East Texas.

"The Longshoreman represents a coming of age to full personhood, dignified and fully present, for African-Americans in the mid-20th Century," said Texas art scholar James Baker. "It's no doubt influenced by Joe Louis and his victories in the boxing rings of the late 1930s and through the '40s, which gave African-Americans a great sense of pride and new visions of what was possible."

The painting will be the subject of the Nov. 14 2nd Tuesdays @ Slocum, Heritage's free monthly lecture series held at its Design District Annex, 1518 Slocum Street. Scholar James Graham Baker will explore The Longshoreman and Countee's perseverance during an era of racial adversity.

Back Lot Rehearsal, 1941.
Items from the estate of artist Kelly Fearing are also expected to draw plenty of collector attention in the Nov. 15 event, especially Back Lot Rehearsal (1941), which is estimated at $15,000+. Fearing's interest in physical fitness, healthy lifestyles and professional dance may have been the inspiration for this oil on gesso panel. His work 1939 work, Jitterbuggers, is expected to bring $5,000+ and carries important provenance from Fort Worth's Amon Carter Museum as part of a 2008 exhibit on Fort Worth Circle Artists.

Also from Fearing's estate comes Bill Bomar's The Virgin Future, circa 1941, a fine and rarely seen example of non-objective painting, anticipated to sell for $4,000+. Bomar painted the non-objective The Virgin Future in the early 1940s, about the same time he took up permanent residence in New York City, where he studied with artist John Sloan and, subsequently, with master abstractionist Hans Hoffman.

Other modern works in the auction include Vessels and Fish, 1953, by Bror Alexander Utter, expected to bring $8,000+; Hill Country Blue Bonnets (1965) by Porfirio Salinas, which could bring $20,000+, Ducks and Waning Moon, by Frank Reaugh, estimated at $9,000+ and After a Shower by Robert William Wood, expected to realize for $10,000+.

More information about fine art auctions.

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  Heritage Interactive
Opinion Poll

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

How many coin clubs do you belong to?
       A) 1
       B) 2
       C) 3
       D) 4 or more
       E) What's a coin club?




Last week's questions:

When did you start collecting coins?
A) 1960s or earlier (56%).
B) 1970s (17%).
C) 1980s (9%).
D) 1990s (9%).
E) 2000 or later (9%).

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  Is It Time To Sell?

You can depend upon FUN 2013 for your best opportunity to sell your U.S. Coins and Currency early next year. Your invitation to participate in Heritage's Official Auctions has deadlines coming soon, so please act quickly.

FUN has proven to be the strongest show of the year, and there is no question about the importance of this premier venue. As FUN's Official Auctioneer, Heritage's lot viewing and auction rooms are located in the heart of the convention action. We capture the purchasing demand of thousands of floor bidders enjoying themselves at the show who must then compete against Heritage's global community of Internet bidders.

Whatever your specialty or the size of your holdings from a single rarity to a lifetime collection, Heritage has auctions to serve your needs. Together we will create a strategy to realize the highest prices possible for your coins and notes. Our upcoming auction events at FUN 2013 will provide unmatched exposure at the most important gathering in numismatics. All that remains is for you to call us today.

2013 January 9-13 US Coin FUN Signature Auction - Orlando
Consignment Deadline: November 30, 2012

2013 January 9-14 Currency FUN Signature Auction - Orlando
Consignment Deadline: November 19, 2012

2013 January 6-7 Ancient & World Coin Signature Auction - New York
Consignment Deadline: November 12, 2012

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

Interested in Selling?
What's My Coin Worth?
Consign to a Heritage Auction

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  Current Auctions
Coin Auctions
2012 November 29 - December 2 US Coin Signature Auction - Houston
2012 November 29 - December 2 US Coin Signature Auction - Houston #1177
View Lots

Sunday Internet Coin Auction Sunday Internet Coin Auction #131246
November 11, 2012
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131246
November 13, 2012
View Lots
Thursday Modern Coin Auctions Thursday Modern Coin Auctions #241246
November 15, 2012
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231246
November 15, 2012
View Lots


Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141246
November 13, 2012
View Lots

Other Signature Auctions
2012 November 10 Western & California Art Signature Auction - Dallas 2012 November 10 Western & California Art Signature Auction - Dallas #5116
View Lots
2012 November 10 American Indian Art Signature Auction - Dallas 2012 November 10 American Indian Art Signature Auction - Dallas #5117
View Lots
2012 November 15 Texas Art Signature Auction - Dallas 2012 November 15 Texas Art Signature Auction - Dallas #5114
View Lots
2012 November 15 American & European Art Signature Auction 2012 November 15 American & European Art Signature Auction #5118
View Lots
2012 November 15-17 Vintage Comics & Comic Art Signature Auction- Dallas 2012 November 15-17 Vintage Comics & Comic Art Signature Auction- Dallas #7066
View Lots
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
2012 November 17 Photographs Signature Auction - New York 2012 November 17 Photographs Signature Auction - New York #5119
View Lots
2012 November 18 Timepieces Signature Auction - New York 2012 November 18 Timepieces Signature Auction - New York #5121
View Lots
2012 November 20 Save Ellis Island Photography and Art Auction 2012 November 20 "Save Ellis Island" Photography and Art Auction #525
View Lots
2012 November 29-30 Dallas Vintage Movie Poster Signature Auction 2012 November 29-30 Dallas Vintage Movie Poster Signature Auction #7067
View Lots
2012 December 3 Jewelry Signature Auction- Dallas 2012 December 3 Jewelry Signature Auction- Dallas #5122
View Lots
2012 December 4 Handbags & Luxury Accessories Signature Auction- Dallas 2012 December 4 Handbags & Luxury Accessories Signature Auction- Dallas #5123
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161246
November 11, 2012
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151246
November 11, 2012
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121246
November 11, 2012
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251246
November 13, 2012
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171246
November 13, 2012
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181246
November 15, 2012
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201246
November 15, 2012
View Lots

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