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  This Week In Coin News

  Collector News

Long Beach Auction Tops $13 million

1895-O $1 PR66 Cameo NGC. VAM-3
1895-O $1 PR66 Cameo NGC. VAM-3
Strong bidding overall resulted in over $13.7 million in overall sales in Heritage's June 5-9 US Coin Signature Auction, held in conjunction with the Long Beach Coin & Collectibles Exposition. All prices include a 17.5% Buyer's Premium.

Without question, the star of this auction was the finest known 1895-O proof dollar, graded Proof-66 Cameo by NGC. Pre-1968 branch mint proofs are all extremely rare and desirable; this, along with the popularity of the Morgan dollar series and the quality of this coin, drove the sale price to a robust $528,750. 1895-O Branch mint proof dollars were unknown as recently as twenty years ago. Today, only five special strikes have been certified — one Cameo (this coin), two non-Cameos, and two Specimens.

An outstanding example of the 1879 Flowing Hair Four dollar gold piece, or Stella, graded Proof-66 Ultra Cameo by NGC, sold for $258,500 in Long Beach. The stella was initially envisioned as an early attempt at an international currency. Initially, only a couple of dozen coins are believed to have been minted, but, as was common in that era, additional examples were subsequently struck for well-collected collectors and mint cronies. Regardless of their origin, stellas are always popular thanks in large part to their odd denomination, with a considerable assist from their inclusion in A Guide Book of United States Coins, popularly known as the Red Book.

An example of the 1861-D gold dollar, known as the "King of the Gold Dollars," brought a strong price of $111,625. Certified by PCGS as MS63, and with the green CAC sticker of approval, this coin's popularity derives not only from its low overall availability and unknown mintage, believed to be between 1000 and 1500 coins, but also from the fact that the entire mintage took place after the Dahlonega, Georgia mint was taken over by the Confederacy.

1879 $4 Flowing Hair PR66 Ultra Cameo NGC. Judd-1635, Pollock-1833, R.3 1879 $4 Flowing Hair PR66 Ultra Cameo NGC. Judd-1635, Pollock-1833, R.3
1861-D G$1 MS63 PCGS. CAC. Variety 12-Q 1861-D G$1 MS63 PCGS. CAC. Variety 12-Q
Just a few of the other highlights of this auction included:

We are already putting the finishing touches on the catalog for our Summer FUN 2013 July 11-14 US Coins Signature Auction, to be held in Orlando, and we expect this auction to open for bidding soon. Previews of the lots in this auction are available now at www.HA.com/coins.

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Seldom Seen Selections: A Double Eagle that may have been struck by the Confederacy

1861-O $20 AU55 PCGS
1861-O $20 AU55 PCGS
The New Orleans Mint struck Liberty Head doubles eagles in a continuous string from the series' introduction in 1850 until the Civil War closed the facility in 1861, a hiatus that would last until 1879. The dozen O-mint issues from 1850 through 1861 include a handful that are collectible for a price in Choice AU, and a couple of fabulous rarities (1854-O and 1856-O) that are guaranteed to cause a sensation at auction in nearly any grade.

The1861-O, a date we are fortunate enough to be able to offer in PCGS-graded Choice AU in our 2013 July 11-14 Summer FUN US Coins Signature Auction, is a median rarity within this wide range of O-mint twenties, although within the 1861 date, it has been somewhat overshadowed by the 1861-S Paquet Reverse. Douglas Winter ranks it seventh of 13 issues (including the anomalous 1879-O) both overall and in high grade (AU50 and higher).

The 1861-O is famous for another reason, being successively struck by the United States (5,000 coins), the State of Louisiana after it seceded from the Union (9,750 pieces), and the Confederate States of American (2,991), for a total of 17,741 examples in all. Various numismatists have attempted to connect die states and die markers of the 1861-O double eagle and its siblings with the three successive striking authorities. Winter believes that more than one obverse die was used, since some coins show weak dates, some strong dates; he claims that the strong date coins usually show a die crack from the rim above star 2 toward the chin. Some other coins show signs of "strengthening" at the date, in the form of three raised V-shaped lines. Bowers believes these are evidence of the Confederacy's lack of numeral punches to strengthen a working die.

This piece is interesting in that it has a strong date, no die crack, and no evidence of any strengthening or raised die lines in the date area; but it will not solve the problem of which dies in which states were used under which entity. It is an attractive, lightly circulated coin with semiprooflike reflectivity appearing in the fields and much eye appeal. It also has an anomaly of its own. An area of improperly mixed alloy appears in the planchet behind Liberty's hairbun, an area that has toned over and created a couple of small planchet voids. The toned-over area runs to the rim nearby. This anomaly is clearly of Mint origin. A small scrape appears just above the toned area, but overall, the surfaces are far less abraded than usual for an issue normally found with heavy handling marks. The reverse is well-struck and attractive, consistent with the grade, and shows no unusual characteristics.

Overall, this coin is a great example of this historic issue.

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This Week's Top Ten

The ten highest valued three cent nickels to sell in Heritage auctions:

1884 3CN MS66 NGC
1884 3CN MS66 NGC

  1. 1884 3CN MS66 NGC. Realized $29,900
  2. 1885 3CN MS66 PCGS. CAC. Realized $29,900
  3. 1883 3CN MS67 PCGS. Realized $25,850
  4. 1865 3CN PR67 Deep Cameo NGC. Realized $24,150
  5. 1883 3CN MS67 NGC. Realized $23,000
  6. 1888 3CN PR67 Deep Cameo PCGS. Realized $21,850
  7. 1885 3CN MS66 NGC. CAC. Realized $20,700
  8. 1885 3CN MS65 PCGS. Realized $20,700
  9. 1884 3CN MS67 NGC. Realized $20,700
  10. 1884 3CN MS66 NGC. Realized $20,700

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

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  Announcements

Heritage's Mark Borckardt to teach new ANA Summer Seminar Course

Our very own Mark Borckardt is among the slate of world-renowned numismatists teaching the new "Legends in Numismatics" course at The American Numismatic Association Summer Seminar. The course will be offered during both sessions, June 22-28 and June 29-July 5, in Colorado Springs, Colo.

Course CatalogThis will be a rare opportunity for students to get first-hand experience with some of the icons in the numismatic industry. Along with Mark Borckardt, instructors will include Neil Shafer, Fred Holabird, and Ira Goldberg. This week-long session will give students an opportunity to enhance their knowledge of territorial gold, money of panics and depressions, coins that made history and the first U.S. Mint in Philadelphia.

From June 22-28, instructors will include Ira Goldberg, Neil Shafer, Fred Holabird, and Heritage's own Mark Borckardt. This week-long session will give students an opportunity to enhance their knowledge of territorial gold, money of panics and depressions, coins that made history and the first U.S. Mint in Philadelphia.

Find out more about the Legends In Numismatics course at the ANA Summer Seminar.

The ANA Summer Seminar is given in two sessions, June 22-28 and June 29-July 5. For more details, please visit the ANA's website.

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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
  • Classic Cars Specialist
  • Coin Buyer: (San Francisco, Dallas, New York)
  • Decorative Arts & Design Specialist
  • European Art Specialist
  • Modern & Contemporary Art Specialist: (New York, 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
  • Color & Photography Imaging Specialist: Dallas
  • Consignment Coordinator: Dallas
  • Currency Cataloger: Dallas
  • Currency Consignment Director: Dallas
  • e-Publishing Expert: Dallas
  • Gallery Coordinator: Beverly Hills
  • Interns
  • PHP Web Developer: Dallas
  • Web Marketing & Social Media Coordinator: Dallas
  • Web Marketing Specialist: Dallas

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

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  Around Heritage

KFC Founder And American Icon, Col. Sanders' White Suit Readies at Heritage Auctions

KFC: Colonel Harland Sanders ArchiveA trademark white suit and clip-on string bow-tie once belonging to Kentucky Fried Chicken founder, fast food pioneer and American corporate icon Colonel Harlan Sanders, is expected to bring $10,000 or more when it comes up for bid, June 22, as part of Heritage Auctions' Signature® Americana & Political Auction.

"It's impossible to think of Colonel Sanders, or KFC, without thinking of this white suit," said Kathleen Guzman, a Managing Director with Heritage Auctions. "To this day, 33 years after his death, the Colonel is just as popular and recognizable as ever. In terms of Pop Culture collectibles, it doesn't get much better than this."

The suit, along with a small archive of other Col. Sanders related material, has been consigned by Mike Morris, who was given the suit by the Colonel himself and whose family was close to Sanders and his family in Sanders' final years after the Colonel bought the Morris house — on a whim — and lived in the family's basement for six months while he had another house built on the property for Morris family to move into.

It was 1975; Morris was 13 years old and living with his family in in Shelbyville, KY.

"The colonel was living in Louisville about 30 miles away and he wanted to move back out into the country," said Morris, who now manages a hotel near Cincinnati, OH. "He was driving around, saw our house and liked it. It wasn't even for sale."

Nonetheless, after contacting Morris' father, Colonel Sanders — in his trademark white suit — was soon at the front door. Morris's father, Edward, at first politely declined the offer.

"The colonel was very persistent," he added. "He said, 'It's a really neat house and I'd really like to live here.' They came to an agreement a week or so later."

By the time Colonel Sanders and his wife Claudia moved into the home, they had befriended the Morris family and the Colonel asked them to stay on the property. A home was built next door and they remained neighbors until Colonel Sanders' death in 1980. The families attended his birthday parties, watched TV together and even went to restaurants with him. Morris even recalls on Christmas morning when the Colonel came over and read 'Twas the Night Before Christmas to he and his sister.

When he was a junior in high school and planning to attend a Halloween party, Morris's father suggested he go dress up as Sanders. Morris was planning to attend a high school Halloween party.

"We went to the Colonel's house and asked if it would be possible to borrow his white suit to dress up for the party," Morris said. "He said okay, but with one condition: 'When you're dressed up, come over so I can see what you look like.' He was just amazed at how I looked."

As an added bonus, the colonel had his chauffeur drive the teen into town, where he I rolled the window down just enough to stick his hand out and wave at people, who thought it was actually Colonel Sanders himself. The "costume" was also a huge hit at the party. Afterward, according to Morris, he took the suit back.

"But the colonel said, 'You did such a great job, I'd like for you to keep it,'" recalled Morris. "I've had it ever since."

Why exactly is Morris selling the suit after having it more than three decades?

"It's been in the family for so long… I don't want anything to happen to it as I get older," said Morris, 50. "If I'm going to do something, now is a good time. I'll always have very vivid memories. It was one of the most exciting times of my life."

More information about Historical auctions.

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  Heritage Interactive
Trivia

1947-S 50C Booker T. Washington MS65 NGC
1. What does the next to the grade on some NGC-graded coins mean?
       A) The coin is close to the next grade
       B) The coin is especially nice-looking for the grade
       C) The coin is in a sample holder
       D) The coin is prooflike
       E) The coin was originally submitted in a holder with a lower grade


2. Which US coins were made in 75% silver at one time?
       A) Eisenhower dollars
       B) Kennedy half dollars
       C) Seated half dimes
       D) Three cent silver
       E) Wartime Jefferson nickels




Last week's question:

1. How many years did the US mint make 20 cent pieces?
Correct Answer: D) 4 (44%).

2. What was the date of the last Franklin half dollar with an S mintmark?
Correct Answer: B) 1954 (44%).

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  Is it Time to Sell?
Numismatists collect pieces of the past in many different ways, but when the time to sell comes, they all agree: earn the most money possible. Heritage delivers the best auction in Chicago — before the ANA show — when all our clients still have their entire budgets to spend. Our systems, our programs, our website, our staff experts, our event — all work together seamlessly to deliver extraordinary prices for you.

Your coins can sell alongside the magnificent "King of American Coins" at our Platinum Night® & Signature® Auctions in Chicago. But you need to act quickly! Call the Heritage Consignor Hotline at 1-800-872-6467 x1000 to reserve a place for your coins in this auction.

2013 August 8 - 9 US Coins Signature Auction - Rosemont
Consignment Deadline: June 26, 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
Sunday Internet Coin Auction Sunday Internet Coin Auction #131325
Closes June 16
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131325
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Thursday Modern Coin Auction Thursday Modern Coin Auction #241325
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Weekly World Coin Auction Weekly World Coin Auction #231325
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Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141325
Closes June 18
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Other Signature Auctions
June 22-23 Americana, Political Signature Auction - Dallas #6096 June 22-23 Americana, Political Signature Auction - Dallas #6096
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June 22-23 Legends of the Wild West Signature Auction - Dallas #6101 June 22-23 Legends of the Wild West Signature Auction - Dallas #6101
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Other Internet Auctions

Other Internet Auctions
Sunday Internet Comics Auction Sunday Internet Comics Auction #121324
Closes June 16
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151324
Closes June 16
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161324
Closes June 16
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Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171325
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Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251325
Closes June 18
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201325
Closes June 20
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