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This Week in Coin News August 10, 2013
In This Issue:
Found Treasures: Memorable Million Dollar Coins
August 8-15 All-Ancients Auction
Website Tips: Connect to Heritage through PayPal
This Week's Top Ten
Coin Buyer Wanted - Dallas Office
Reduced Auction Commissions When You Resell Your Winnings!
Save on NumisMedia Guides through Heritage
Employment Opportunities
Around Heritage Auctions
Instant Quiz
Is It Time To Sell?
Current Auctions
Newsletter Archive
Last Issue
Found Treasures: Memorable Million Dollar Coins

By Stewart Huckaby

1804 dollar
1804 dollar
As I write this, the 1804 dollar in our 2013 August 8 - 10 US Coins Signature Auction in Rosemont, IL has been bid up to $2.8 million, which, after the Buyer's Premium is added, will result in a sale for $3,290,000. This assumes that no bids are placed on the coin during our Platinum Night sessions, and as I've noticed in watching and occasionally attending Platinum Night sessions, bids on great coins can come in fast and furious when they hit the auction floor.

By my count, Heritage has sold coins for prices of $1 million or more at auction 32 times, all since 2005. Platinum Night will add one, perhaps two, coins to this total. But each of these coins has a story to tell, and while my going over all of these coins would cause all but the most die-hard coin weenie to give up the hobby, I thought I might share some reminiscences of a few of the more memorable pieces.

The Class 1 1804 dollar in our Rosemont auction is the same coin that, as I write this, shares the honor of most expensive coin ever sold by Heritage, when it sold for $3,737,500 in 2008. This was also the first 1804 dollar I was ever able to hold in my hand — in the slab, of course. Coin geek that I am, I immediately took the opportunity to whip out a loupe and give the piece a thorough eyeballing. Even though it was struck well after 1804, and only a few pieces were minted, the coin shows evidence of a small die break. What could have caused such a seldom-used die to crack?

1913 Liberty nickel
1913 Liberty nickel
The other coin that shares the honor of the most expensive coin ever sold by Heritage is the Hawaii Five-0 specimen of the 1913 Liberty nickel, which we sold in 2010. More officially known as the Olsen specimen, this coin was a featured guest star on a seventies episode of Hawaii Five-0 entitled "The $100,000 Nickel". I think most collectors would be happy to buy this coin for such a low sum today. But what I remember most about this coin are two things. First is the fact that, when I asked Mark Van Winkle one day if he had anything interesting to show me, one of our photographers walked by, and as if on cue, handed me this coin. Second is that, once my jaw came back from hitting the floor, the NGC certification number is instantly memorable. Yes, the Hawaii Five-0 coin has a certification number of 5050505-050.

During FUN of 2005, we offered two Brasher Doubloons which sold for $2,990,000 and $2,415,000, respectively. The former piece has since sold, in a private transaction, for $7.4 million. My personal remembrance of these coins is, well, nil. As memory serves, Heritage employees had the chance to go see these coins at one point, but I either didn't know or didn't take advantage. I still have never seen a Brasher Doubloon in person. And I still have the bruises from kicking myself.

1907 Ultra High Relief double eagle
1907 Ultra High Relief double eagle
In FUN of 2007, we sold a 1907 Ultra High Relief double eagle for $1,840,000. It was neither the first one we'd sold, nor the most expensive (a coin we sold in 2005 holds both those honors), nor the first I'd seen (the Smithsonian has one). But these coins are distinctive even in contrast to the normal High Relief double eagles of the date, and they aren't the semi-piedforts that the later 2009 issues are. This was another piece I saw in Mark Van Winkle's office, and I couldn't for the life of me figure out how it could possibly grade "only" PR68. That we'd sold another in PR69 still boggles the mind. The 1907 Ultra High Relief double eagles may be the most beautiful coins I've ever seen.

The 1856-O double eagle is the key to the Liberty Double Eagle series. Most of the outstanding gold collections don't have one, and when it's found at all, it's in circulated grades. With one exception. A number of years back, a single coin turned up in Mint State; it's actually a specimen strike that was believed to be a proof at one time. In hand, the coin has a soft, satiny luster and sharp devices, and it appears very much unlike circulation strike double eagles from the time period. We've sold it at auction three times, the last of which was in 2009. I remember not knowing until the day of the auction whether it was going to sell at all, as the reserve on the coin might best be described as aggressive. But it met the reserve before it got to the auction floor and sold for $1,437,500.

1792 half disme 1792 half disme
Finally, during my first year at Heritage, we were still shoehorned into a building in Highland Park. Jim Jelinski would come by my area on occasion, and one time he handed me a 1792 half disme. I don't remember the grade that was on the holder at the time — or for that matter if the coin was even in a slab, but the coin eventually wound up in a Specimen-67 holder. It took a while for Jim to get the coin consigned, but it sold a couple years later for $1,322,500. At this year's FUN auction, it sold again for $1,410,000.

Who knows what kinds of coins — and stories — are coming up in Heritage auctions in the future? For a coin weenie like me, it will certainly be fun to find out.

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August 8-15 All-Ancients Auction

August's all-Ancients offering of Greek, Roman and Byzantine coins comprises more than 220 individual and group lots, mainly from The Westchester Collection, a large U.S. holding of Ancients, augmented with a few choice items from our inventory. It's a wide-ranging offering with Greek, Roman, Judaean and Oriental coins in estimate ranges from $75 to $1,000.

The auction is particularly strong in Judaean bronzes, mainly of the Jewish and Bar Kokhba Wars, and affordable Roman bronzes, particularly sestertii. The auction goes "live" at 10:00 PM CT Central Time on Thursday, August 8 and concludes at the same time next Thursday, August 15. Nearly every coins starts at a bid of $1! Here are a few highlights.

High grade Alexander drachm
High grade Alexander drachm
Choice Late Shekel of Tyre
Choice Late Shekel of Tyre
Jewish War eighth shekel
Jewish War eighth shekel
Bar Kokhba Middle Bronze
Bar Kokhba Middle Bronze
Akko-mint tetradrachm of Caracalla
Akko-mint tetradrachm of Caracalla
Choice Roman Republic denarius
Choice Roman Republic denarius
Mark Antony portrait denarius
Mark Antony portrait denarius
Attractive A. Plautius denarius
Attractive A. Plautius denarius
Drusus Caesar twins on cornucopiae sestertius
Drusus Caesar "twins on cornucopiae" sestertius
Nero ROMA sestertius
Nero 'ROMA' sestertius
Vitellius denarius
Vitellius denarius
Antioch tetradrachm of Otho
Antioch tetradrachm of Otho
Bold Antioch tetradrachm of Nerva
Bold Antioch tetradrachm of Nerva
Attractive Antoninus Pius sestertius
Attractive Antoninus Pius sestertius
Choice Gordian III sestertius
Choice Gordian III sestertius
Pleasing Heraclius solidus
Pleasing Heraclius solidus

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Website Tips: Connect to Heritage through PayPal

If you've visited the Heritage website recently, you may have noticed a change as you tried to log in. We now allow you to sign up or log in to HA.com with your PayPal credentials.

As always, you can log in with your Heritage username and password. However, if you click on the PayPal icon to sign in, you will be taken to a screen that asks you to sign in with your PayPal credentials. Enter the email address and password you use with PayPal here.

If your PayPal account is not connected with your Heritage account yet, but we recognize the email address, you will see a screen that looks like this. To connect the two accounts, just enter your Heritage password here. Once you've connected your account, you will be able to sign in to Heritage with your PayPal credentials for as long as the two accounts are connected.

You can always connect and disconnect a PayPal account, regardless of email address, to your Heritage account through MyProfile. In the lower part of the page, click on the switch to connect the PayPal account of your choice. Once connected, you can sign in with either your Heritage information or your PayPal information for as long as the accounts are connected.

If you're not already a Heritage member, you can join as a full member with just your PayPal credentials. To sign up this way, just click on the PayPal icon on the sign-up page and enter your PayPal credentials. Once you've done that, a page will come up with a couple of quick questions, and you're all done!

Finally, if you're not approved to bid yet, you can get approved to bid by connecting a PayPal account to your Heritage account. As long as the PayPal account connected to your account is validated through PayPal (this involves connecting the PayPal account to a valid bank account), you're good to go.

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This Week's Top Ten

The ten highest valued 17th century coins to sell in Heritage auctions:

  1. Great Britain: Charles I Gold Triple Unite 1643, Oxford Mint, Fr-258, S-2725A, MS63 NGC
    Great Britain: Charles I Gold Triple Unite 1643, Oxford Mint, Fr-258, S-2725A, MS63 NGC
  2. Great Britain: Charles I Gold Triple Unite 1643, Oxford Mint, Fr-258, S-2725A, MS63 NGC. Realized $431,250
  3. (1652) New England Shilling AU50 PCGS. CAC. Noe III-C. Realized $416,875
  4. 1652 Willow Tree Shilling AU58 PCGS. Noe 2-B. Realized $230,000
  5. 1652 Willow Tree Shilling VF35 PCGS. CAC. Noe 3-E. Realized $230,000
  6. 1652 Oak Tree Shilling MS66 PCGS. CAC. Noe-5. Realized $161,000
  7. Austria: Ferdinand III (1627-1657) gold 12 Ducats 1629-HG, Glatz mint, Fr-188 (Rare), KM38 (Rare), Herinek 4, MS62 PCGS. Realized $129,250
  8. (1659) Lord Baltimore Shilling AU58 NGC. Breen-64, Hodder 1-A. Realized $126,500
  9. Great Britain: Charles I gold Triple Unite 1644 Oxon, S2729, Schneider-303, plumelet mm on obverse only, Oxford mint, XF Details NGC. Realized $103,500
  10. 1652 Oak Tree Shilling MS65 NGC. Crosby 9-H, Noe-1. Realized $103,500
  11. 1652 Pine Tree Shilling, Large Planchet MS65 PCGS. CAC. Crosby 7-B3, Noe-7, W-730. Realized $92,000

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

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Announcements

Coin Buyer Wanted - Dallas Office

Heritage Auctions is seeking talented numismatists with a broad range of expertise to join our Dallas office. If you have a good working knowledge base of U S. coins and currency and are comfortable dealing with the public, we have openings for permanent positions as a buyer. 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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Save on NumisMedia Guides through Heritage

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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
  • 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 part-time
  • Client Services Representative
  • Currency Cataloger
  • Currency Consignment Director
  • Email Marketing Specialist
  • e-Publishing Expert
  • Graphic Designer
  • Housekeeping
  • Interns
  • Maintenance Assistant
  • Shipping Associate
  • Web Marketing Specialist

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

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Around Heritage Auctions

The Stan Musial Collection To Be Offered At Heritage In October

Stan The Man MusialThe family of Hall of Famer and St. Louis Cardinals great Stan "The Man" Musial have chosen Heritage Auctions to offer The Stan Musial Collection, more than 500 lots of never-before-offered milestone game-used treasures, correspondence and mementos from Musial's personal collection, as the centerpiece of our October Signature® catalog auction.

"Stan Musial was known as 'Baseball's Perfect Knight' for good reason," said Chris Ivy, Director of Sports Auctions at Heritage. "His incredible talent and humility on the field influenced his beloved status off, which endures to this day. His legacy will be celebrated in this auction and the top collectors will finally have a chance to acquire some of the things that meant the most to him from his storied career."

"This will be the first look that collectors will get at the collection," said Ivy, "and we expect the response to be substantial since Musial's popularity was nationwide. The Musial family has never offered any of Stan's memorabilia at auction before, though they have donated substantial pieces to museum collections. This is an historic moment in baseball collecting associated with one of the greatest to ever play the game."

Some of the Musial treasures that will be offered for the first time include, but are not limited to:

Milestone baseballs including Musial's 1,000th, 2000th and 3,200th hit baseballs; several rings including a 2004 St. Louis Cardinals National League Championship Ring presented to Musial; a 2006 St. Louis Cardinals World Series Ring presented to Musial and a 2011 St. Louis Cardinals World Series Ring presented to Musial.

Historic correspondence and autographs including: a Ty Cobb letter written to Musial on the subject of hitting; a Babe Ruth signed baseball personally given to Stan Musial as a minor leaguer; a Branch Rickey letter to Musial regarding his importance to baseball and many presidential items signed and personalized to Musial.

Important game-used gear will include Musial's 1946 Navy baseball uniform as well as St. Louis Cardinals game-used material.

More information about Sports auctions.

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Instant Quiz
Trivia

1. What was the date of the first Seated dime?
       A) 1836
       B) 1837
       C) 1838
       D) 1839
       E) 1840


2. What was the first US commemorative issue to be struck in San Francisco?
       A) Bay Bridge
       B) California
       C) Oregon
       D) Panama-Pacific
       E) Vancouver



Last week's question:

1. Which two cent piece is known with both Small Motto and Large Motto varieties?
Correct Answer: A) 1864 (70%).

2. What was the first year of the Presidential dollar?
Correct Answer: A) 2007 (45%).

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Is it Time to Sell?

Our upcoming Official Auctions of the September Long Beach Coin & Collectibles Expo will feature collections such as The Perry Owen Collection, Part II, The RLM Collection, Part II, and the Col. Steven Ellsworth Die State Collection. Your coins and currency can sell alongside these great collections and others to come. To consign to our Long Beach auctions, please call us at 1-800-872-6467 x1000 (coins) or x1001 (currency).

2013 September 25-29 US Coins Signature Auction – Long Beach
Consignment Deadline: August 12, 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
August 8-10 US Coins Signature Auction - Rosemont #1188
August 8-10 US Coins Signature Auction - Rosemont #1188

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Sunday Internet Coin Auction Sunday Internet Coin Auction #131333
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131333
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Thursday Modern Coin Auction Thursday Modern Coin Auction #241333
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Weekly World Coin Auction Weekly World Coin Auction #231333
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Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141333
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August 10 Entertainment & Music Memorabilia Signature Auction - Dallas #7081 August 10 Entertainment & Music Memorabilia Signature Auction - Dallas #7081
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Sunday Internet Comics Auction Sunday Internet Comics Auction #121332
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151332
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161332
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Tuesday Internet Watch & Jewelry Auction Tuesday Internet Watch & Jewelry Auction #171333
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Weekly Internet Luxury Accessory Auction Weekly Internet Luxury Accessory Auction #251333
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201333
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