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  This Week In Coin News

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Gold Advisory from Heritage Auctions: Pre-1933 U.S. gold coins offered "protection and comfort" in fluctuating market

1904 $20 MS62 NGC
1904 $20 MS62 NGC
Recent analysis by gold experts at Heritage Auctions demonstrates that, during the collapse of gold prices over the last few days, generic (i.e. common date pre-1933 US $5, $10 and $20 gold coins) market premiums for numismatic gold provided a solid hedge against the fall of bullion prices.

"Gold's dramatic drop over the last two trading days has shown that the premiums of generic U.S. gold can soften the blow when the markets turn sharply," said Doug Baliko, Vice President of U.S. Gold and Numismatic Wholesale at Heritage. "Generic gold gives buyers the opportunity to gain with the change in the spot price, and limit their losses when metals prices fall."

"This has proven to be true over the last several days," added Baliko. "With gold dropping from $1565 on Thursday to yesterday's close of $1386 ($179) the price of generic $20's only fell by between $55 (for MS61 $20 Saint Gaudens) to $105 (for MS63 $20 Liberties). Why? Strong public demand and limited available generic product even as the spot price tumbled, affording owners an added level of protection and comfort."

Favorable conditions exists for buyers and collectors holding pre-1933 common date US gold coins and especially those who were wise enough to trade their modern bullion such as Eagles, Maple Leafs and Krugerrands for the earlier US coins.

The most recent 9 Year Coin Premium Analysis can be accessed here.

Heritage specialists are available to advise clients and potential clients at 800-872-6467, ext. 1335, or email Doug@HA.com.

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Seldom Seen Selections: An outstanding and very rare 1828 half eagle

1828 $5 MS64 PCGS. CAC. BD-4, High R.6
1828 $5 MS64 PCGS. CAC. BD-4, High R.6
Taken as a whole, the Capped Bust Left half eagles of the 1820s are probably the rarest group of coins in the U.S. federal series. Famous ultra-rarities like the 1825/4 (two examples known) and the 1822 (three known) have dominated numismatic headlines whenever a specimen was offered. Our 2013 April 24 - 28 CSNS US Coin Signature Auction features a coin that represents a date and variety that can hold its own even in that august company, the famous, very rare 1828 BD-4 half eagle.

Mint records indicate that 28,029 Capped Bust Left half eagles were struck in 1828, with that smallish total split between four different die varieties. Two of the varieties have a perfect date, while the other two are overdates, 1828/7. The coin we are offering displays a perfect date, and stars 1 and 13 are positioned close to the bust, identifying the BD-4 variety. The other perfect date variety of this year, the BD-3, shows the stars much further away from the bust. Experts estimate that the BD-4 variety probably accounted for more than half of the reported mintage, approximately 15,000-20,000 pieces.

John Dannreuther and PCGS both estimate the surviving population of the BD-4 at 12-15 pieces, but we can account for only nine separate examples. PCGS and NGC have combined to certify nine coins in all grades over the years (3/13), and that total probably includes some duplication. Both services list a single specimen in MS65, but those certification events almost certainly represent the same coin. As MS64, this coin is acknowledged by most experts to be the second-finest known.

The 1828 BD-4 is known in a single die state, Bass-Dannreuther Die State a/b. The crack between 5 and D in the denomination, seen on all examples of the BD-4, is easily visible on this specimen. This variety was the only use of the obverse die, but the reverse was used to strike the extremely rare BD-3 variety of this date and the 1829 Large Date variety.

This coin is a spectacular Choice example with sharply detailed design elements in most areas, although a touch of softness is apparent on the hair around Liberty's face and the eagle's wing. For some reason, this central weakness is seen on almost all examples of the 1828. The star centrils are complete, and the claws and feathers are all sharp. The attractive yellow-gold surfaces display vibrant mint luster and many areas of prooflike reflectivity, with outstanding eye appeal.

With an auction history that began at least as early as 1865, the 1828 half eagle has always been a valuable, sought-after date, even though its infrequent appearances have caused the issue to be somewhat out-of-sight, out-of-mind over the last two decades. This coin is the second-finest known example of this very rare variety. It may be decades before a comparable specimen becomes available, so the discerning early gold specialist should bid accordingly.

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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 most commonly offered pre-1933 gold coins in Heritage auctions:

1904 $20 MS66 PCGS
1904 $20 MS66 PCGS
  1. 1904 $20
  2. 1924 $20
  3. 1907 Saint-Gaudens $20, Arabic Numerals
  4. 1909-D $5
  5. 1926 Sesquicentennial $2.50
  6. 1927 $20
  7. 1932 $10
  8. 1873 Open 3 $20
  9. 1908 No Motto $20
  10. 1914-D $2.50

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

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  Announcements

Lost and Found: the Walton 1913 Liberty Head Nickel: A Special Chicago Coin Club Meeting at CSNS

One of the ultimate American numismatic story coins is the George Owen Walton specimen of the 1913 Liberty nickel. Walton had a special holder made for his prized nickel, the same holder that contains the coin today, and he proudly displayed the coin at conventions throughout the 1950s and into the early 1960s. He was traveling to a coin show in Wilson, North Carolina on March 9, 1962, when he lost his life in a terrible automobile accident 20 miles from his destination.

All of his coins, including his 1913 Liberty nickel, were recovered in the brief case that held them through the accident. They were not scattered about the highway. That is a tale that grew in the telling. The coins were eventually sold for his estate, but the Walton 1913 nickel was returned to the family in 1963 as an altered date. Four decades later, the previous decision was reversed as a team of experts declared the coin to be the genuine 1913 Liberty Head nickel.

The Chicago Coin Club will host a 2 PM special educational seminar on Thursday, April 25, just prior to the auction of this rare coin. Mark Borckardt, Senior Numismatic Cataloger for Heritage Auctions, will moderate the program. Reminiscing about their experience will be publicist Donn Pearlman, retired Coin World editor Beth Deisher, and Paul Montgomery, vice-president of American Precious Metals exchange, who was president of Bowers and Merena in 2003 when the nickel was rediscovered. Joining them will be George Walton's nephew, Ryan Givens, Walton's niece, Cheryl Myers, and her husband Gary Myers.

Upon conclusion of the program, members can move to the auction room where they may witness a new price record for a minor (non-precious metal) coin. This program will prove a once-in-a-lifetime event for all who attend, and will certainly be talked about for years to come.

The meeting will take place Thursday, April 25, at 2PM, at the Central States Numismatic Society 74th Anniversary Convention.

Schaumburg Renaissance Hotel & Convention Center
Room Nirvana C
1551 N. Thoreau Drive
Schaumburg, IL 60673

Open to the public — come early to be assured a seat as a standing room only crowd is expected!

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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 a 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 Nature & Science 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:

  • 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
  • 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 Data Specialist: Dallas, part-time
  • Client Services Representative: Dallas
  • Consignment Coordinator: Dallas
  • Currency Cataloger: Dallas
  • Currency Consignment Director: Dallas
  • e-Publishing Expert: Dallas
  • Interns
  • Marketing Account Executive: Dallas
  • Operations Assistant: Dallas
  • Rare Books Cataloger: Dallas
  • PHP Web Developer: Dallas
  • Studio Photographer: Dallas
  • Web Marketing Specialist: 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

Francis Crick's 1962 Nobel Prize For Discovering DNA Brings $2.27+ Million

Francis H. C. Crick Nobel Prize Medal and Nobel DiplomaThe 1962 Nobel Prize for Physiology or Medicine awarded to Dr. Francis Harry Compton Crick, along with Drs. James Dewey Watson and Maurice Hugh Frederick Wilkins, for "...their discoveries concerning the molecular structure of nucleic acids and its significance for information transfer in living material," or what would become known as DNA, sold on April 11, 2013, for $2.27+ million (including Buyer's Premium) as the highlight of Heritage Auctions' Historical Manuscripts Signature® Auction at the Fletcher-Sinclair Mansion.

"This auction, given the international attention is received, showed the continuing importance of Crick's, Watson's and Franklin's discovery 60 years after they made it," said Sandra Palomino, Director of Historic Manuscripts at Heritage Auctions. "This medal is the physical embodiment of the importance that discovery represented and, as such, worth every bit of the final $2.27+ million price realized."

The medal sold to Jack Wang, the CEO of Biomobie, a Shanghai, China, biomedical firm, who had flown in for the auction.

"Dr. Crick's Nobel Prize medal and diploma will be used to encourage scientists unraveling the mysteries of the Bioboosti, a bio electrical signal that may control and enable the regeneration of damaged human organs," he said. "The discovery of the Bioboosti may launch a biomedical revolution like the discovery of the structure of DNA. It may recover damaged human organs and retard the aging process, achieving the goal of self recovering from disease and poor health conditions. "

Crick's Nobel Prize has been kept in a safe deposit box in California since Crick's widow passed away, and was been consigned to auction by his heirs. It is one of 10 lots consigned by the family, including Crick's endorsed Nobel Prize Check, dated Dec. 10, 1962, which realized $77,675.

In addition, the Prize's proceeds will again be used to promote ground-breaking scientific research, as a portion of the sale will be awarded to the new Francis Crick Institute in London set to be completed in 2015.

"The discovery of the structure of DNA launched a scientific revolution and forever changed human understanding of life," said Sandra Palomino, Director of Historical Manuscripts for Heritage Auctions.

Crick's initials are engraved on the reverse of the medal, along with the year of the prize, 1962, presented in Roman numerals: "F. H. C. Crick/MCMLXII." The second piece of the Prize, the Nobel diploma — two beautifully handwritten, vellum pages, 9.5" x 13.5", in Swedish, dated Stockholm, October 18, 1962 — is also included.

More information about Historical auctions.

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  Heritage Interactive
Opinion Poll

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

What kind of Heritage coin auctions interest you most?
       A) US coin signature auctions
       B) World coin signature auctions
       C) Sunday/Tuesday US coin internet auctions
       D) Weekly world coin internet auctions
       E) Weekly modern coin internet auctions



If you are on Outlook 2007 or later take the Quiz online


Last week's question:

How far would you travel to attend a major coin show?
A) 25 miles or less (18%).
B) Up to 100 miles (43%).
C) Up to 500 miles (9%).
D) Any distance, if I were interested in attending (26%).
E) I'm not interested in coin shows (4%).

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  Is it Time to Sell?

We are now accepting consignments for our June Long Beach Auction. For a confidential discussion and to get the most for your rare coins, please call one of our Consignment Directors today at 800-872-6467 ext. 1000.

2013 June 6 - 9 US Coin Signature Auction - Long Beach
Consignment Deadline: April 23, 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
April 18-19 & 22-23 CICF World & Ancient Coins Signature Auction - Chicago #3024
April 18-19 & 22-23 CICF World & Ancient Coins Signature Auction - Chicago #3024
View Lots

April 24-28 CSNS US Coin Signature Auction - Chicago #1184
April 24-28 CSNS US Coin Signature Auction - Chicago #1184
View Lots

Thursday Modern Coin Auction Thursday Modern Coin Auction #241316
Closes April 18
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231316
Closes April 18
View Lots
Sunday Internet Coin Auction Sunday Internet Coin Auction #131317
Closes April 21
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131317
Closes April 23
View Lots


Currency Auctions
April 24-26 & 28 Currency Signature Auction - Chicago #3522 April 24-26 & 28 Currency Signature Auction - Chicago #3522
View Lots
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141317
Closes April 23
View Lots

Other Signature Auctions
April 18 Space Exploration Signature Auction - Dallas #6095 April 18 Space Exploration Signature Auction - Dallas #6095
View Lots
April 20 Musical Instruments Signature Auction - Dallas #7077 April 20 Musical Instruments Signature Auction - Dallas #7077
View Lots
April 28 Handbags & Luxury Accessories Signature Auction - New York #5131 April 28 Handbags & Luxury Accessories Signature Auction - New York #5131
View Lots
April 29 Jewelry Signature Auction - New York #5130 April 29 Jewelry Signature Auction - New York #5130
View Lots
May 2-4 Vintage Sports Collectible Signature Auction - Dallas #7075 May 2-4 Vintage Sports Collectible Signature Auction - Dallas #7075
View Lots
May 11 Texas Art Signature Auction - Dallas #5133 May 11 Texas Art Signature Auction - Dallas #5133
View Lots
May 11 Western & California Art Signature Auction - Dallas #5134 May 11 Western & California Art Signature Auction - Dallas #5134
View Lots
May 11 Fine American Art Signature Auction - Dallas #5136 May 11 Fine American Art Signature Auction - Dallas #5136
View Lots
May 21 Watches & Fine Timepieces Signature Auction - New York #5137 May 21 Watches & Fine Timepieces Signature Auction - New York #5137
View Lots

Other Internet Auctions
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201316
Closes April 18
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121316
Closes April 21
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151316
Closes April 21
View Lots
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161316
Closes April 21
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Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171317
Closes April 23
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251317
Closes April 23
View Lots

Auction Schedule | Order a Catalog

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