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This Week in Coin News August 17, 2013
In This Issue:
King Of Coins Sells For More Than $3.8 Million
Robb Report Names Heritage Auctions One Of Luxury's 25 Most Innovative Brands
Website Tips: MyWantlist
This Week's Top Ten
Coin Buyer Wanted - Dallas Office
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
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Is It Time To Sell?
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King Of Coins Sells For More Than $3.8 Million
1804 dollar
1804 dollar
Known by collectors as "The King of American Coins," an 1804-dated U.S. silver dollar specially made on behalf of President Andrew Jackson, sold for $3,877,500 at Heritage Auctions on Friday, Aug. 9, exceeding the pre-sale estimate of $3+ million. It was part of the company's $28+ million Platinum Night and U.S. Coins auction in Chicago.

The auction, overall, saw a sell-through rate of more than 97% by total lots sold and more than 94% by value sold.

"Although it's dated 1804, it was actually made in 1834 or 1835," said Greg Rohan, President of Heritage Auctions. "It was intended to be given as a diplomatic gift on behalf of President Andrew Jackson by State Department representatives on trade missions to the Middle East and Asia. It's one of only eight of its kind known and would be a prized possession for any collector of American history."

The consignor of the coin wished to remain anonymous and the name of the winning bidder was not revealed by Heritage. Previous owners of this coin have included the Massachusetts Historical Society and Adam Eckfeldt, who served as the Chief Coiner of the United States Mint from 1814 to 1839.

Mint records indicate a total of 19,570 silver dollars were struck in 1804; however, researchers believe that all those coins were actually dated either 1802 or 1803 because leftover coin-making dies from those years were likely used to produce the silver dollars struck in 1804. The Mint would not strike silver dollars for circulation again until 1836.

When Mint officials began preparing sets of coins in 1834 to be given by the State Department as diplomatic gifts, the Mint records indicated the last year for production of U.S. silver dollars was 1804 but they could not locate any with that date. A handful of the coins bearing the date were then specifically struck.

The front of the coin depicts the symbolic Miss Liberty, the date 1804 and the word, LIBERTY. The back has an eagle, 13 stars to represent the original 13 colonies, and the words UNITED STATES OF AMERICA and the motto, E PLURIBUS UNUM (Latin for "one from many" or "one out of many").

The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium.

1795 $10 13 Leaves MS65 NGC 1795 $10 13 Leaves MS65 NGC
Additional featured highlights from the auction include a boldly struck 1795 BD-5 Draped Bust Eagle, one of just a handful of mint state examples remaining and, graded MS65 by NGC, the finest certified, sold for $675,625. The mesmerizing Pittman-Kaufman 1850 Seated Quarter, made all the more rare and desirable for its PR68 NGC grade, sold for $258,500, as did an extraordinary 1918/7-D Buffalo Nickel, MS65 PCGS, desired for its date, which is an erroneous amalgam of the years 1917 and 1918.

The only certified 1844 Proof Quarter, the finest known to exist and displaying a beautiful natural toning with various iridescent colors, including reddish-gold, cobalt-blue, and gold-beige, sold for $258,500.

1850 25C PR68 NGC 1850 25C PR68 NGC
1795 $10 13 Leaves MS65 NGC 1795 $10 13 Leaves MS65 NGC
1844 25C PR66 NGC. CAC 1844 25C PR66 NGC. CAC
Additional highlights include but are not limited to:

Our next Signature auctions will be available for bidding soon at HA.com/Coins!

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Robb Report Names Heritage Auctions One Of Luxury's 25 Most Innovative Brands

Robb Report Names Heritage Auctions One Of Luxury's 25 Most Innovative Brands

Read the article here.

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Website Tips: MyWantlist

If you're looking for those special items for your collection, and would like to be automatically notified when we have one in inventory or in auction, MyWantlist is for you.

Instead of you having to search for specific items every time you visit the site, MyWantlist works by saving the individual searches that you might perform every time you look for coins in our inventory or auction.

MyWantlist can be reached from any Heritage home page, or by going through the MyHeritage tab on any page on our site and clicking on "View/Edit Wantlists". You will be taken to the Wantlist options for the Heritage site you are currently on; you can change which Heritage venue you wish to save searches for by choosing the venue from the "View MyWantlist in:" drop-down menu and clicking "Go".

When you first start using this feature, MyWantlist will look something like this:




You can add new searches based on five factors - the category (which generally corresponds to a type for US coins or a country for world coins), a keyword such as the date, the grading service if any, the low grade, and the high grade. If you want to save a search for any Shield Nickel, in the drop-down box marked "All", choose Shield Nickels. You will not need to use a keyword in this case, and the default search looks for coins from any grading service in any grade, so all you will need to do is click on the "Add New Item" button and you're done.

If you wish to add a search for circulated 1886 Liberty Nickels, the procedure would be similar. Here you would enter the denomination "Liberty Nickels", the keyword 1886, and the high grade of AU58 in the drop-down box marked "To Grade". Again, you need only click on the "Add New Item" button and you're done.

You can also look for other, more general items through this feature. For instance, if you are looking for top 100 VAM varieties of Morgan Dollars, choose Morgan Dollars as your denomination and enter the keyword "Top 100".


For other tips on how to perform searches, click here, or click on the "Need Help? Click HERE" link on the MyWantlist page.

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This Week's Top Ten

The eleven highest valued US coins to bear the W mintmark, one per issue:

  1. 2006-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGSC
    2006-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGSC
  2. 2006-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGS. Realized $14,100
  3. 2008-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGS. Realized $9,987
  4. 2007-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGS. Realized $9,987
  5. 2006-W $50 One-Ounce Gold Eagle, First Strike PR70 Deep Cameo PCGS. Realized $9,400
  6. 2008-W $50 One-Ounce Gold Buffalo, First Strike PR70 Deep Cameo PCGS. Realized $7,475
  7. 2008-W $50 First Strike Buffalo MS70 PCGS. Realized $6,168
  8. 2011-W $50 One-Ounce Gold Buffalo, First Strike PR70 Deep Cameo PCGS. Realized $5,875
  9. 2011-W $50 One-Ounce Gold Buffalo, First Strike PR70 Deep Cameo PCGS. Realized $5,750
  10. 1999-W G$5 Tenth-Ounce Gold Eagle, Unfinished Proof Dies MS70 PCGS. Realized $5,287
  11. 2004-W P$100 One-Ounce Platinum Eagle PR70 Deep Cameo PCGS. Realized $5,175
  12. 2000-W Library of Congress Bimetallic Ten Dollars MS70 NGC. Realized $5,175

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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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

Batman Rarities Bring A Combined $1 Million To Lead $6.7+ Million Comic Auction

Frank Miller Batman: The Dark Knight Returns #2 Iconic Cover Original Art
Frank Miller's original cover art for the second issue of his landmark 1986 masterwork, The Dark Knight Returns, brought $478,000 and the highest-graded copy of Batman #1 ever certified — a 9.2 grade by CGC Near Mint Minus — brought $567,625 to lead Heritage Auctions' $6.7+ million Comic and Comic Art event in Dallas.

The image of Batman, aged, gnarled and boiling with rage, on the cover of the second issue of Frank Miller's 1986 masterwork, The Dark Knight Returns, set fire to the imagination of generations of collectors and was the key moment in the revival and re-invention of an historic franchise. It is the only cover in the landmark series to feature Batman — the other three are all silhouette images.

"When the smoke cleared, this ended up as one of the best comic auctions we have ever had," said Barry Sandoval, Director of Operations for Comics and Comic Art at Heritage. "Four comic books and three comic art lots topped $100,000 and a number of lots sold for multiples of what we had anticipated. Also, the strongest selection of vintage comic strip art we had offered in a while was rewarded with strong prices."

Batman #1
For fans of classic paper, the highest-graded copy of Batman #1 ever certified — a 9.2 grade by CGC Near Mint Minus — represents the pinnacle of collecting, save only a handful of comics (Action Comics #1, Detective Comics #27, the first appearances of Superman and Batman, respectively, among them), and its sale for more than a half million dollars solidifies its place in the pantheon of American Pop Culture.

Fans of original art didn't stop with Dark Knight #2 as Frank Frazetta's 1970 cover painting for Vampirella #5 sold for $286,800. Original cover art for The Avengers #134, a raucous meet up of the Human Torch and Mad Thinker plus the "Origin of the Vision" storyline with art by Silver and Bronze Age legend Gil Kane and Joltin' Joe Sinnott, fetched $41,825

Frank Miller Batman: The Dark Knight Returns #2 Iconic Cover Original Art
Multiple bidders completed to own high-grade examples of the most coveted comic books ever produced, including a 3.0-grade copy of Action Comics #1 which sold for $388,375, and an 8.0-grade copy of All-American Comics #16, which changed hands for $203,150. One of two known copies of a 9.2-grade copy of Fantastic Four #1, with a White Mountain pedigree, sold for $191,200 and a near pristine copy of an increasingly popular comic book, Avengers #1 — in stunning 9.4 grade — sold for $95,600.

A rare, 9.0 grade copy of Walt Disney's Comics and Stories #1 fetched $35,850 as the finest copy in a remarkable run that also includes a 9.4 grade of issue #2, which fetched $26,290 and a 9.2 grade of issue #3, which sold for $14,340.

The Flash #117 cover art
Robert Crumb's complete 1968 original art for a five-page story titled "City of the Future," initially stolen from Crumb and slated for Zap Comix #1, realized $101,575. Fresh-to-market original cover art from titans Carmine Infantino and Joe Giella from The Flash #117, from 1960, crossed the block for $71,700 in its first appearance at auction.

Perhaps two of the most anticipated original comic art lots to cross the block link Jack "King" Kirby to a covert Iranian rescue operation as depicted in the Academy Award-wining film Argo. The film tells the story of how the CIA used a fake movie production crew to conceal a daring rescue mission of six Americans held in Iran. The "movie within a movie" was at one time a genuine project titled "Lord of Light," based on the novel by Roger Zelazny. Producer Barry Geller commissioned Jack Kirby to create a set of concept drawings for the film, but the project stalled and was mostly forgotten, until the CIA used it in their top-secret mission. Two of Kirby's original oversized concept scene drawings for the project — "Pavilions of Joy", sold for $16,730, and "Planetary Control Room (Interior)", sold for $23,900.

More information about Comic & Comic Art auctions.

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Instant Quiz
Trivia

1. What is the copper content of the Flying Eagle cent?
       A) 12%
       B) 75%
       C) 88%
       D) 95%
       E) 100%


2. What was the date of the first US coin to bear the W mintmark for the West Point mint?
       A) 1975
       B) 1982
       C) 1983
       D) 1984
       E) 1986



Last week's question:

1. What was the date of the first Seated dime?
Correct Answer: B) 1837 (47%).

2. What was the first US commemorative issue to be struck in San Francisco?
Correct Answer: D) Panama-Pacific (70%).

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Is it Time to Sell?
1943 cent copper
1944 cent steel
Your next consignment opportunity for US coins is our 2013 November 1 - 3 US Coin Signature Auction in New York. Take advantage of Heritage's unparalleled marketing reach and expose your coins to the largest possible buyer base — over 800,000 bidder members on site in New York and throughout the world at HA.com.

The September 18 consignment deadline will be here before you know it, so call our Consignment Hotline at 1-800-872-6467 x1000 today!

2013 November 1 - 3 US Coin Signature Auction - New York
Consignment Deadline: September 18, 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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