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This Week in Coin News
||August 24, 2013
Impressive Offerings In Long Beach World
We are just finishing up the final touches of the catalog for our
World and Ancient Coins Signature Auction, to take place
September 25-27 in connection with the Long Beach Coin and
Collectibles Expo, with additional Live sessions taking place
September 30-October 1 at
With over 5700 lots in total, this behemoth auction ranges
across the landscape of world numismatics, starting with one of the
largest offerings of ancient coins we've ever been privileged to
offer, scheduled for its own session on September 25. Highlighting
this selection of nearly 900 coins is an important
orichalcum sestertius of Titus (AD 79-81) featuring an overhead
view of the Colosseum. This remarkable coin was issued to mark the
completion of the Colosseum in AD 80, and it depicts the structure
in amazing detail, complete with spectators. It is expected to
cross the auction block for $60,000-$70,000.
Impressive selections from many other countries add to the flavor
of this auction. Offerings from China are always popular, and among
the over 200 lots of Chinese material in this auction are two great
rarities. In the Chinese series, well known to be filled with
pattern gold Kuping Tael minted in 1906 stands out. This
example is graded Specimen 62 by PCGS and is expected to hammer for
an amount in excess of $100,000. A
large (52mm) gold medal issued by the Tientsin Provisional
Government in 1902 after the end of the Boxer Rebellion features
the enameled flags of the seven nations that occupied northern
China at the time. This medal is extremely rare, with only two
believed known, and this example is likely the finest by far. It is
estimated at $75,000-$100,000.
An offering of over 350 Brazilian lots is highlighted by
Part 2 of The RLM Collection of Brazilian Gold Coins, which
contains an extensive selection of Brazilian numismatic history
ranging from the second colonial period in 1751 through
independence in 1822. Included in this collection are four
legal tender gold ingots, an amazing offering considering that
only 219 are known from all sources with as many as half of those
residing in museums.
Over 250 lots of Mexican coinage are highlighted by
The Nogales Collection of Cap and Ray 8 Reales, which includes
1835 Hermosillo 8 Reales, graded VF30 by NGC. This coin was
first offered at public auction at Long Beach in 2008, and is
believed to be unique. It is expected to realize $40,000-$60,000.
Our Long Beach auction also features impressive material from
Australia, Canada, China, France, Germany, Great Britain, Italy,
Russia, South Africa (featuring the Burgers Pond highlighted in
detail below in the next article), Switzerland, and Spain.
Our offerings of Goetz dies and medals continue in the Live
sessions scheduled for September 30 - October 1.
A few of the other individual highlights of this auction
Persia under Alexander. Mazaeus, as Satrap of Babylon (331-328 BC).
AV double-daric. Good Very Fine
Annam: Minh Mang gold 1 Lang Bar ND (1820-41), KM238, Sch-190,
Brazil: Joao V gold 20000 Reis 1724, KM117, MS63 NGC
Brazil: Joao V gold 10000 Reis 1724, KM116, AU50 PCGS
People's Republic of China gold Panda 500 Yuan 1992, KM400, 5
ounces, .999 fineness, Proof 67 Ultra Cameo NGC
Danzig. Sigismund I gold Ducat 1547, Kopicki-7343,
Dutkowski/Suchanek 80 IVb, Fr-1, 22mm, 3.50g, AU
Ecuador: Republic gold 4 Escudos 1841-S MV, KM19, AU58 NGC
Great Britain: Edward VI (1547-53) gold Sovereign ND, S-2433,
N-1906, AU55 PCGS
Hong Kong: Victoria Proof Dollar 1866, KM10, Proof 64+
Russia: Peter III Rouble 1762 СПБ-HК, Bitkin 11, Diakov 7, MS63
South Africa: Republic gold Threepence 1898, KM-PnA23, Hern-ZP5,
plain edge, SP64 PCGS
This auction will open for bidding soon at
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A World of Money: A Highly Desirable
"Coarse Beard" Burgers Pond
The Transvaal patterns in gold of President Burgers figure among
the rarest of the world's gold coins, and were in fact the first
types of Pond (Pound, or Sovereign) struck of native South African
gold. The off-metal patterns (listed by Hern on page 340 of his
reference) are rare enough, but the pieces struck in gold suffered
a generally poorer fate than did the trials made of bronze, brass,
aluminum, or silver. Most of the gold pieces were sold as souvenirs
not long after they were made, and the majority became disfigured
in jewelry. We told their story in our
Auction #3016 (January 2012) under
Lot 25072, which was another wonderful specimen but of the
"Fine Beard" variety, of which far more were struck (695 compared
to 142). With our
offering of a specimen of the "Coarse Beard" variety in our
September 25-October 1 World Coin Signature Auction in Long
Beach, we repeat the story here.
Colonial South Africa consisted of disconnected immigrant
settlements which used coins of their native countries as well as
tokens for money. When gold was discovered in the Transvaal in
1869, it marked a sea change for the area's inhabitants. The first
gold coin was minted in 1874 in extremely limited numbers and
suffered from such a poor initial reception that today's collectors
are faced with a serious challenge trying to locate an unimpaired
It seems that Thomas François Burgers, second president of the
republic, had received a number of suggestions urging him to create
a gold coinage. He decided to approach the Birmingham, England,
firm of Ralph Heaton and Sons to change the situation.
Unfortunately he made the decision on his own, without the approval
of his fellow legislators, and it was to prove a fatal error.
The Heaton Mint engaged the services of Leonard Wyon, the Royal
Mint's engraver, who prepared dies showing a portrait of Burgers,
who himself supplied the gold specie for the coinage, as well as an
elaborate reverse design showing the coat of arms of the fledgling
republic. The gold specie used to make these coins was mined in the
Transvaal, and Burgers' intention was just that — a local use for
native ore. The exact number struck is not known, but it is assumed
that 837 pieces were made using up the amount of gold given to the
mint by Burgers.
Once he had them in his hands, Burgers displayed his gleaming
gold coins proudly to members of the Volksraad, and waited for
their acceptance. But it was not to be. The legislators objected
vehemently to Burgers' use of his own image and they soundly
rejected the coin which was to become the forerunner of the famed
golden Pond, first produced in 1892. But in 1874 the Burgers pond
had failed as a commercial idea. Subsequently, most of the mintage
was sold to the public at twice face value, and for a number of
years they were thought of as nothing more than mere mementoes. The
public carried these as pocket pieces, showed them off to friends,
drilled holes through some and mounted others on gold chains for
jewelry, and finally threw them into drawers or jewelry boxes,
where they were forgotten. Few if any South Africans in the 1870s
envisioned them as one day being of great value.
When the first official gold ponds appeared in 1892, they
reminded a small number of people in the ZAR of the earlier pond of
1874, and scattered collectors began looking for examples, knowing
next to nothing about the coins. Numismatic interest began in
earnest upon the conclusion of the Boer War, with the annexation of
South Africa into the British Empire. It gradually became apparent
that most Burgers ponds had been damaged or mishandled. So few were
available for study that no one realized that two varieties existed
until the 1940s, and the first few decades of the 20th century
proved the rarity of these coins when not impaired. They became
eagerly collected in England and throughout the Commonwealth, as
well as in the homeland itself. But most had been lost or damaged,
and only a tiny number exist in Mint State today. Nicer pieces
seemed to be slightly circulated.
Time has proven that any undamaged piece is a miracle of
survival, and it is quite likely that some of the finest known
pieces were those kept by the very legislators who had dismissed
the coins as meaningless back in 1874. What had once offended
sensibilities had transformed itself into nothing less than a
Coarse Beard specimen in
Long Beach is Uncirculated (graded MS64+ by PCGS), and clearly
among the finest known examples of this very rare variety. It is
boldly struck on both the portrait and the reverse shield, struck
with high wire rims and reflective luster, and possessing delicate
golden toning. In natural light, this is an utterly charming coin.
Under magnification, a faint strike-through (a hair or fiber on the
die) scrolls through the right obverse field. Abrasions are very
light but an old pin scratch crosses the lower beard to the rim at
about 7 o'clock and a short scuff occurs in the field to right of
the T of THOMAS. The portrait remains lustrous and otherwise
unmarked, without any adjustment lines, and is thus truly
exceptional. These handling effects are given here for the sake of
accuracy and as an aid in tracking this coin in the future. They
are doubtless the reason that PCGS did not assign a higher
numerical grade to a coin which shows not a hint or rub or
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Website Tips: MyConsignments
If you have consigned items with Heritage, you can keep up with
them at "MyConsignments."
This page can be reached from the MyHeritage tab on any Heritage
web page, or directly from "MyBids"
by clicking on the "MyConsignments"
When you first go to MyConsignments from the MyHeritage tab, you
will see a listing of all auctions you have consigned to, whether
recently closed, open for bidding, or opening for bidding soon.
Click on any of the auction listings to see which of your items are
included in the auction. You will see a listing of items broken
down by lot number, if assigned, and each item will list the number
of bidders, the number of trackers, the number of page views, and
the current bid as listed on the website.
If the auction has closed, you will see a listing of your lots,
along with your reserve, if any, and either a final hammer price or
a notation of whether the coin sold or not.
If the auction is open for bidding, you will see the current bid
level on your lots. If reserves have been entered for your lots,
they will also show on this screen. If the reserve has been
exceeded, the current bid will show in green, while if no bidders
have yet met the reserve the current bid will appear in red.
If the auction isn't open for bidding yet, you can get a
complete listing of items assigned to the auction, with links to
the descriptions of the items and images, if available.
Please note that the majority of all serious bids are made near
the close of an auction, and therefore the current bids listed may
not be a valuable gauge of how your consignment is performing. The
current bids do not reflect the actual secret maximum bid of the
bidder, but only represent the next increment over the second
highest bid. In the case of Internet only auctions, you will see
the bids come up dramatically during the last few hours of the
auction. In the case of auctions with floor components, such as
Signature auctions, the Internet bids may never approach the actual
hammer price of your lots on the auction floor.
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The ten highest valued South African numismatic items to sell in
Republic Proof Penny 1892, KM2, Hern-Z1, PR65 RB NGC. Realized
George V bronze pattern Sovereign 1928-SA, reeded edge. Not listed
in KM. Hern-U14A (unique). Matte PR64 NGC. Realized
Republic Proof 5 Shillings 1892, KM8.2, Hern-Z36, Double Shaft,
PR66 Cameo NGC. Realized $161,000
George V Specimen Sixpence 1928, KM16.1 for type but an unlisted
date, SP63 NGC. Realized $155,250
Republic gold Pond 1874, Friedberg 1a, KM12, MS64 NGC, fine beard
variety. Realized $97,750
Republic gold Pond 1902, KM11, Friedberg 4, MS66 NGC. Realized
Republic Proof 2.5 Shillings 1892, KM7, Hern-Z30 (est. 50 struck),
PR65 Cameo PCGS. Realized $69,000
Republic gold Veld Pond 1902, KM11, MS64 NGC. Realized
George VI "Short" Proof Set 1939, 8 pieces, KM-PS14, Hern-P15.
George V gold Sovereign 1923-SA, KM-21, Spink-4004, Marsh-287,
Hern-S338, MS66 Prooflike PCGS. Realized $49,937
Do you have a suggestion for a future top ten list?
Send it to us!
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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
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Reduced Auction Commissions When You Resell Your
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
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
- 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 &
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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,
- 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
We are also seeking to fill the following corporate
- Client Data Specialist part-time
- Client Services Representative
- Currency Cataloger
- Currency Consignment Director
- e-Publishing Expert
- Graphic Designer
- Maintenance Assistant
- Shipping Associate
- Web Marketing Specialist
If you are interested in applying for one of these Corporate
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Renoir's Personal Effects And Sculpture
The single largest archive of Pierre-Auguste
Renoir's personally-owned objects — from his signature
polka-dot scarf to the original plaster maquette of La Grande
Venus Victrix, recently discovered in a shed in France — will
highlight an expansive grouping dedicated to the Impressionist icon
in Heritage Auctions' The Renoir Estate Collection Signature®
Auction, Sept. 19 in New York.
The collection is an intimate glimpse inside the personal and
professional life of the master painter through a trove of
important documents, including his marriage certificate,
photographs and letters written to Renoir from friends and
contemporaries such as Monet, Manet, and Rodin.
The collection also features a selection of original sculptural
plaster maquettes created at Renoir's estate in Cagnes, France, in
the twilight of his career. Battling severe arthritis, Renoir
collaborated with a young and able-handed artist, Richard Guino, at
his dealer Ambroise Vollard's suggestion.
Together, Renoir and Guino selected which drawings and paintings
would work as sculptures, and they set to work. Included among the
sculptural offerings is likely the auction's top lot — a 72 inch tall original plaster maquette for
La Grande Venus Victrix, the Roman goddess.
"This museum-level collection is superb in its completeness and
reveals volumes about the man and his art," said Brian Roughton,
Managing Director of Fine Art at Heritage Auctions. "It touches
every corner of his life and represents the last time this
collection will appear assembled ever again. In addition to the
personal letters and objects, we're also thrilled to have the
opportunity to offer 20 carefully collected original plaster
maquettes, not as vehicles to make bronzes but rather as individual
works of art which stand on their own artistic merit."
Among the maquettes, Heritage is offering "Coco," one of the only plaster maquettes that
Renoir produced himself, depicting his young son Claude.
The staggering amount of life documents, awards and ephemera
includes rarities such as an American Medal of Honor awarded to Renoir at the
1883 Foreign Exhibition and an album of candid family photographs featuring
Henri Matisse among other notable artists of the day.
The archive also includes rarely seen objects likely made for
the artist's eyes only, such as a diminutive polychrome ceramic vase and sugar
bowl thrown and painted with his son, Jean, at Les Collettes as
Jean recuperated from War injuries at Les Collettes.
More information about Fine & Decorative Art auctions.
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2013 Year of the Farmer Art Auction
Benefiting the National FFA Organization
The 2013 Year of the Farmer Art Auction is
brought to you by Case IH along with our Ram Brand partnership to
support the National FFA Organization. Paintjam artist, Dan Dunn,
created four "The Future Farmer" paintings live at the Case IH
arena show experience at Farm Progress 2013, the nation's largest
Outdoor Farm Show. The paintings are inspired by one of the images
featured in the 2013 Ram Brand Super Bowl commercial, "So God Made
a Farmer" to honor America's farmers.
The four paintings will be offered in an online auction,
HA.com/FFA, opening August 26, 2013 10PM and
closing September 30, 2013. For more information about the auction,
contact Jeri Carroll at 214-409-1873 or JeriC@HA.com.
About National FFA Organization: "Future Farmers of
America" was founded by a group of young farmers back in 1928.
Their mission was to prepare future generations for the challenges
of feeding a growing population. They taught us that agriculture is
more than planting and harvesting — it's a science, it's a business
and it's an art.
FFA continues to help the next generation rise up to meet those
challenges by helping its members to develop their own unique
talents and explore their interests in a broad range of career
pathways. So today, we are still the Future Farmers of America.
But, we are the Future Biologists, Future Chemists, Future
Veterinarians, Future Engineers and Future Entrepreneurs of
More information about charity auctions.
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