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  This Week In Coin News
 

  Collector News

Famous Rarities with a past offered in upcoming auctions

1913 Liberty Nickel, PR63 PCGS
1913 Liberty Nickel, PR63 PCGS

Numismatists have long known that five 1913 Liberty Nickels existed, but until about 10 years ago, the George O. Walton specimen was believed to have been lost in an auto accident. Happily for Mr. Walton's heirs, the coin they owned, long thought to have been a fake, turned out to be the real thing, and it will be offered for sale for the first time ever at Platinum Night in our upcoming 2013 April 24 - 28 CSNS US Coin Signature Auction in Rosemont, Illinois.

1913 Liberty nickels were struck clandestinely at the Mint, from proof dies on planchets intended for circulation. This is one of only three available to collectors, with the other two in museums, and this offering has already received a great deal of attention in the mainstream media. Although certified by PCGS, it will be sold in the plastic holder it has long resided in, along with the PCGS insert which authenticates the coin and denotes the grade (Proof-63).

Also in April, we will be offering one of only three known examples of the Canadian 1936 Dot cent in our 2013 April 17 - 22 CICF World & Ancient Coins Signature Auction. All three pieces were once owned by John Jay Pittman, but this coin was stolen in 1964 and later returned, with scratches in the right obverse field.

Canadian 1936 Dot cent
Unlike the 1913 Liberty Nickel, the 1936 dot cent was originally intended for circulation. The Royal Canadian Mint had prepared 1937 coinage with the portrait of King Edward VIII, but upon his abdication in late 1936, the design was no longer valid. Because of a coin shortage, Canada was forced to continue production of 1936-dated 1, 10, and 25 cent coins into 1937, and it was felt that the new coinage needed to be distinguishable from coins produced in 1936, and a dot was placed below the date. Only the 25 cent piece was actually placed into circulation, and both the cent and the ten cent piece are great rarities today.

We are still accepting consignments for both of these outstanding auctions, where your coins can sell alongside these and other great rarities. The deadline for World Coins is February 25, and the US coin deadline is two weeks later on March 11.

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All-Ancients Weekly Auction (February 7-14, 2013)

Our next internet Weekly World Coin Auction will be an all-ancients affair with 119 individual and group lots from the Westchester Collection, which was partly sold in our New York International auction on January 7. The auction opens Thursday, February 7 and runs for ONE WEEK ONLY, closing Thursday, February 14 at 10 p.m. Central Time. This is a diverse offering of Greek, Roman, and Byzantine coins in all metals with estimates ranging from under $100 to $1,000 and more. The Westchester Collection is particularly strong in Judaean coins and Judaea-related city and Roman coins. Here are a few highlights:

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Heritage Auctions records best year to date in 2012: $860+ million total sales

Heritage Auctions experienced its fourth straight year of record sales in 2012: more than $860 million, the highest tally yet for the world's third largest auction house and largest auctioneer of high end collectibles. Markets ranging from U.S. Coins, Comics and Comic Art and Historical Americana showed strong gains as did sales of Western Art, which more than tripled over last year.

"Heritage is attracting new buyers across more categories than ever before," said Steve Ivy, Co-Chairman and CEO of Heritage Auctions. "Both consigners and collectors alike can use our services with the utmost trust, transparency and accessibility."

1792 P10C Disme, Judd-10, Pollock-11, High R.6, PR62 Brown NGC
U.S. Coins remains the core of Heritage's business with a record $218.68 million in sales in 2012, including $174.51 million sold during Signature® Auctions. World and Ancient Coin sales have seen stunning growth over the last four years and increased an impressive 40% to $25.4 million last year — a record achievement bolstered by growth across the board.

Yet another success story took place at Heritage's design district annex where auction sales in fine art grew 20% in 2012 to exceed $45.5 million — the category's best year ever. Sales of Western and Texas Art more than tripled in 2012, solidifying Heritage as a leader in the category with $10.4 million in total sales. Likewise, Heritage's antiques and decorative arts sales grew 32% to exceed $7.27 million — highlighted by the largest single collection of Lalique offered at auction at one time, which realized $1.6 million.

Bill Watterson 'Calvin and Hobbes' Hand-Colored Sunday Comic Strip Original Art dated 10-19-1986 (Universal Press Syndicate, 1986)
Heritage's growing comic book and comic art department saw its fourth record year in a row with sales exceeding $37 million, including Weekly Comic Internet-only auctions which realized $7.4 million — a new record for the subset and a 17% increase over 2011. Heritage's Vintage Comics & Comic Art Signature® Auctions recorded $27.98 million in sales, highlighted by the $657,250 sale of Todd McFarlane's original cover from The Amazing Spider-Man #328 and the first Calvin and Hobbes Sunday comic strip ever sold at auction, which brought $203,150, as well as by the company's August auction, which topped $10.8 million to stand as the highest grossing comic auction ever.

"Diversification and has been key to our success," Ivy said. "We're proud to offer Heritage as a one-stop trusted platform for selling diversified, high value collections and estates. We're the largest auction house capable of delivering success to every aspect of a collection and are honored to help so many wonderful consignors attain record prices for their precious objects."

The Famous 'Buckner Ball' from the 1986 World Series, Game Six
Heritage retained its title as the world's largest seller of sports memorabilia in 2012 after closing the year with more than $19.24 million in sales. In August, Heritage offered a set of baseball cards from 1910 popularly referred to as the "Black Swamp Find." Found covered in soot in an attic in Defiance, Ohio, the first 37 cards brought $566,131. In May, Heritage auctioned the baseball that rolled between the legs of first baseman Bill Buckner at the 1986 World Series, allowing the New York Mets to win in the 10th inning, for $418,250.
Hermes Extraordinary Collection 35cm Diamond, Shiny Black Porosus Crocodile Birkin Bag with 18K White Gold Hardware
It also was a record year for sales of rare books and manuscripts, with $7.27 million, led by impressive growth in Weekly Internet Rare Books auctions.

Heritage's budding Luxury Accessories department redefined the category in 2012 with $5.12 million in sales, including a record $3.2 million Handbags & Luxury Accessories Signature® Auction, featuring the world's most exclusive handbag: an Hermès Diamond Birkin, which realized more than $100,000. Luxury Weekly Vintage Internet auctions realized $677,000+ – delivering an average of $700 per lot sold in 2012 and establishing itself as a seamless and affordable entry point to the market.

During 2012, Heritage again invested in technology to make bidding easier on HA.com and though HeritageLive!, our proprietary bidding software. Clients may now sign in using PayPal, the most popular payment methods used by collectors on mobile devices. Clients also may now request text messages to their smartphones when lots they are bidding on, tracking or consigning are coming up for auction.

The growth has sparked expansion in staff at the firm's Dallas headquarters as well as our locations in New York, San Francisco and Beverly Hills. Additional positions have recently opened in the areas of 20th Century Design, Vintage Firearms, Trusts & Estates and Coins and Currency. A full list may be found on our career portal.

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Website Tips: Do's and Don'ts For Sending Images To Heritage

Every day Heritage receives thousands of emails and phone calls from clients all over the world asking us to evaluate their property. Almost always, our first response is: send us a photograph of the item. The old adage "A picture is worth a thousand words" is very true... but only when the "picture" provides useful information. Here's a list of basic do's and don'ts when sending photographs of your property to our specialists for review.

DO send photographs that are in focus and have enough light to see the item being photographed.
If you can't see what it is, then we can't either.

DON'T email photographs larger than 1MB each.
Larger-sized digital photographs are easier to zoom in and see the details, but too many extremely large photographs in one email completely crashes our computer system. Use a zip file if you need to send more than a dozen images. On the other hand...

DON'T email photographs too small.
Digital photographs less than 100KB are so small that we can't see the item well enough to give an opinion on its age, quality, and value.

DO check your images before you click Send.
More often than you would think, we receive someone's personal photographs attached to the email by mistake. It doesn't take but a second to double check that you are sending the correct images. Some of you sure throw some wild parties!

DON'T send photographs with large glares.
Camera flashes and direct sunlight often produce glares in photographs, especially on pieces that are framed with glass or have very shiny surfaces. If your piece is framed, you may have to remove the glass in order to photograph it.

DO send photographs of the entire front and the entire back.
Close-up photographs are great, but don't forget to send us a photograph of the overall front and back of the piece(s). We don't want to miss anything important because it was cropped out of the photograph. Note — it's generally OK to send photographs of only one side of comic books, sportscards, or movie posters.

DO send a detail of the signature and any other markings, if you are inquiring about any kind of artwork or autograph.
Signatures, dates, titles, inscriptions, labels — they are all important and the detail images that you send assist us in determining the best value for your piece.

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This Week's Top Ten

1938-D 5C MS67+ PCGS. CAC
1938-D 5C MS67+ PCGS. CAC
The ten most commonly offered circulation strike Buffalo Nickels in Heritage auctions:
  1. 1938-D
  2. 1937-D 3 Legged
  3. 1913 Type One
  4. 1937
  5. 1937-S
  6. 1937-D
  7. 1926-S
  8. 1936-D
  9. 1938-D/S
  10. 1913-S Type Two

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

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  Announcements

Name the Trillion Dollar Coin!

Name the Trillion Dollar Coin!
As the nation moves closer to raising its debt ceiling, some say the solution can be found in a Trillion Dollar Coin. Minted by the U.S. Treasury and deposited in the Federal Reserve, a trillion dollar coin made of platinum could suddenly fund the nation's debts for the next two years! The Fed says a Trillion Dollar Coin isn't a practical solution but what would the United States' largest single denomination look like? What would it be called? The Deficit Dollar? The Philly Trilly? Who or what should be pictured? What should it say? E Poorhouse Unum?

As legislators debate the debt, let your voice to be heard in Heritage's Trillion Dollar Coin Naming Contest! Enter your best name for the Trillion Dollar Coin in the form to the right. Our panelist of judges will pick the top names. You will then have the chance to vote on your favorite name. The voting period is open from February 13, 2013, to February 20, 2013.

The winner will receive a $1,000 coupon good for any Heritage Auctions purchase, and one runner-up will be awarded a $200 coupon.

Click here to enter!

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Bidding Increments in Heritage Auctions

We have revised the bidding increments in our Internet-only auctions, effective immediately. For these auctions, the increments are now:

Bidding Increments
Current Bid Bid Increment
< $50 $1
$50 - $99 $2
$100 - $199 $5
$200 - $499 $10
$500 - $999 $20
$1,000 - $1,999 $50
$2,000 - $4,999 $100
$5,000 - $9,999 $200
$10,000 - $19,999 $500
$20,000 - $49,999 $1,000
$50,000 - $99,999 $2,000
$100,000 - $199,999 $5,000
$200,000 - $499,999 $10,000
$500,000 - $999,999 $20,000
>= $1,000,000 $50,000

These are roughly half of the previous increments, and are designed to let our bidders place more precise bids. Affected auctions include:

  • Sunday and Tuesday Internet Coin auctions
  • Weekly World and Ancient Coin auctions
  • Thursday Modern Coin auctions
  • Monthly Internet Wine auctions
  • Sunday Internet Sports Collectibles auctions
  • Sunday Movie Poster auctions
  • Tuesday Internet Watch and Jewelry Auctions
  • Tuesday Internet Luxury Accessory auctions
  • Weekly Internet Rare Books auctions
  • Thursday Vintage Guitar & Musical Instrument Internet auctions
  • Tuesday Internet Currency auctions
  • Sunday Internet Comics auctions

The increments on Signature, Grand Format, Non-Floor Session, and Sports Catalog auctions with extended bidding have not changed. This is to keep the increments consistent between Internet bidding and the live sessions on these auctions.

Of course, Internet bidders still have the option to bid between increments as they see fit, so long as they bid the next increment or higher. For more information, please see HA.com/c/ref/web-tips.zx#increments.

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Coin Buyer Wanted - San Francisco Office

Heritage Auctions is seeking a talented numismatist with a broad range of expertise to join our new S.F. office located in Jackson Square. If you have an good working knowledge base of U S. coins and currency and are comfortable dealing with the public, we have an opening for a permanent position as a buyer in our San Francisco office. Duties will include dealing with walk-in clients, evaluating and purchasing coins and currency, working local coin shows, and accepting Auction consignments. Pay will be commensurate with numismatic experience.

If you are interested in this position, please contact Jobs@HA.com.

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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
  • Coin Buyer: San Francisco
  • European Art Specialist: New York
  • European Comic Art Specialist: Dallas, Paris
  • Firearms Specialist: Dallas
  • Modern & Contemporary Art Specialist: Beverly Hills, New York
  • Timepiece Specialist: Beverly Hills, New York
  • Trust & Estates Specialist: New York
  • Western Art Director: Dallas, Beverly Hills
  • World Coins Director: Hong Kong

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:

  • Client Services Representative: Dallas
  • Coins Operations Assistant: Dallas
  • Color & Photography Imaging Specialist: Dallas
  • Currency Cataloger: Dallas
  • Currency Consignment Director: Dallas
  • Desktop Support Technician: Dallas
  • e-Publishing Expert: Dallas
  • Interns
  • Marketing Account Executive: Dallas
  • 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

Montblanc's Sir Winston Churchill Fountain Pen Highlights Choice Writing Instruments

Montblanc: Winston Churchill Limited Edition 53 Fountain PenMontblanc's Sir Winston Churchill Limited Edition 53 fountain pen — featuring 18 karat pink gold, tortoiseshell bands and 53 diamonds — is expected to bring $25,000+ as part of a special offering of fine writing instruments in Heritage's Gentleman Collector Auction event, Feb. 23-24 at the company's Design District Annex, 1518 Slocum Street.

In addition to pens, the auction includes eclectic collections of vintage walking canes, automobilia, nautical art and ship models, paintings, books, furniture, desk items for the bar and study and remarkable memorabilia dedicated to historic ballooning.

"Limited edition luxury pens are rapidly gaining a following, especially among modern coin and wine collectors, and rare examples are extremely hard to find," said Nicholas Dawes, Vice President of Special Collections at Heritage. "My favorite is the Churchill, but there's something for all tastes and budgets. What makes many of these especially interesting is their edition numbers, carefully chosen by the original collector. Many have edition number 1 and others have number 8, which is hard to find."

Montblanc: 4th Of July Limited Edition 56 Skeleton Fountain PenVirtually unheard of in a single auction, two of Montblanc's most coveted patriotic limited edition fountain pens — honoring the Star Spangled Banner and America's independence — will cross the block during the event. A Montblanc Limited Edition 56 Fourth of July fountain pen is expected to bring $25,000+ and a Montblanc Stars-and Stripes Skeleton fountain pen — one of 50 handcrafted in white gold, diamonds and rubies — is expected to bring $20,000+.

The collection features 30 Montblanc pens and small issue rarities, such as a Montblanc Limited Edition 100 Yellow Soulmakers Number 88 fountain pen, expected to bring $16,000+.

"All of these superb instruments are in pristine, original condition," added Dawes, "complete with presentation boxes and paperwork."

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.

What is your preferred collecting grade?
       A) The highest grade I can get
       B) Any uncirculated grade
       C) Proofs, whenever possible
       D) Lightly circulated
       E) Anything that will fill the hole




Last week's questions:

How old were you when you started collecting coins?
A) Under 18 (76%).
B) 18-29 (8%).
C) 30-39 (6%).
D) 40-49 (3%).
E) 50 or older (7%).

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  Is it Time to Sell?

It's not too early to begin thinking about consigning your important coins and notes to our March Dallas auction of US coins and our Official Auctions of the 2013 Central States Convention. For a confidential discussion, call us: 800-872-6467 ext. 1000 (coins) or ext. 1001 (currency).

2013 March 21 - 24 US Coin Signature Auction - Dallas
Consignment Deadline: February 12, 2013

2013 April 17 - 22 CICF World & Ancient Coins Signature Auction - Chicago
Consignment Deadline: February 25, 2013

2013 April 24 - 29 CSNS Currency Signature Auction - Chicago
Consignment Deadline: March 4, 2013

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago
Consignment Deadline: March 11, 2013

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
2013 February 7-8 & 10 US Coin Signature Auction - Long Beach #1182
2013 February 7-8 & 10 US Coin Signature Auction - Long Beach #1182
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Sunday Internet Coin Auction Sunday Internet Coin Auction #131307
February 10, 2013
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131307
February 12, 2013
View Lots
Thursday Modern Coin Auction Thursday Modern Coin Auction #241307
February 14, 2013
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231307
February 14, 2013
View Lots


Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141307
February 12, 2013
View Lots

Other Signature Auctions
2013 February 21 & 23 Animation Art Signature Auction - New York #7052 2013 February 21 & 23 Animation Art Signature Auction - New York #7052
View Lots
2013 February 21-23 Vintage Comics & Comic Art Signature Auction - New York #7073 2013 February 21-23 Vintage Comics & Comic Art Signature Auction - New York #7073
View Lots
2013 February 23-24 Platinum Night Sports Auction - New York #7070 2013 February 23-24 Platinum Night Sports Auction - New York #7070
View Lots
2013 February 23-24 Estate Auction - Dallas #5129 2013 February 23-24 Estate Auction - Dallas #5129
View Lots
2013 March 1-2 Texana Signature Auction - Fort Worth #6097 2013 March 1-2 Texana Signature Auction - Fort Worth #6097
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161306
February 10, 2013
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151306
February 10, 2013
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121306
February 10, 2013
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251307
February 12, 2013
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171307
February 12, 2013
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181307
February 14, 2013
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201307
February 14, 2013
View Lots
Monthly Internet Wine Auction Monthly Internet Wine Auction #221306
February 14, 2013
View Lots

Auction Schedule | Order a Catalog

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