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This Week in Coin News August 31, 2013
In This Issue:
Legendary Proof 1864 cents with L highlight Long Beach offerings
Over 10% Of Winning Bidders In Weekly World & Ancient Coin Auctions Are New Clients
Website Tips: Editing Individual entries in MyCollection
This Week's Top Ten
Coin Buyer Wanted - Dallas Office
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
Instant Quiz
Is It Time To Sell?
Current Auctions
Newsletter Archive
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Legendary Proof 1864 cents with L highlight Long Beach offerings
1864 1C L On Ribbon PR64 Red PCGS. Snow-PR3
1864 1C L On Ribbon PR64 Red PCGS. Snow-PR3
Three distinct examples of the ultra-rare proof 1864 Indian Cent with L on ribbon highlight the offerings in our September 25 - 29 US Coins Signature Auction, to be held at the Long Beach Convention Center in conjunction with the Long Beach Coin and Collectibles Expo.

The 1864 Indian cent has three distinct varieties, all collectible. Initially, these coins were made in a composition of 88% copper and 12% nickel; these were known as "nickels", "nicks", or "white cents". Nickel is a difficult metal to coin, so the composition was changed during the year to bronze, an alloy that, with the exception of the 1943 steel cents, would be retained with only minor changes until 1982. Late in the year, designer James B. Longacre's initial L was added to the ribbon on the obverse of the coin, where it would remain until the Indian Cent type ended in 1909. All three varieties were made as proofs, and while the variety with L is considered a semi-key as a circulation strike, it is an extreme rarity as a proof.

Initially, 20 proofs with L on ribbon were thought to have been struck; the actual number is now believed to be somewhat higher, in part because of restrikes minted probably in the early 1870s. 20 are known today. Amazingly, these twenty represent three distinct die marriages – and we are offering examples of all three in this auction, an opportunity that may never happen again.

The Snow-PR1 die marriage is considered an original. Snow-PR2 is considered a restrike because the reverse used in this die marriage matches proofs dated 1869 and 1870. The unique Snow-PR3, is also an original, as it shares a reverse with some proof 1864 cents without the L.

1879 $4 Flowing Hair, Judd-1635, PR65 Cameo PCGS Secure 1879 $4 Flowing Hair, Judd-1635, PR65 Cameo PCGS Secure
While Indian cent specialists will delight in these offerings, this auction contains much more. Stellas, or four dollar gold pieces, always attract attention when offered at auction, and we are pleased to be able to present an example graded Proof-65 Cameo by PCGS. Another rare proof, the 1831 quarter, is represented by an example graded PR66 by NGC; this previously unknown example was acquired by a European nobleman during the 19th century and has been preserved by his family to the present time.

Just a few of the many other highlights of this auction include:

1831 25C Large Letters PR66 NGC 1831 25C Large Letters PR66 NGC
1802 10C MS62 PCGS Secure. JR-2 1802 10C MS62 PCGS Secure. JR-2

This auction will open for bidding soon at HA.com/Coins!

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Over 10% Of Winning Bidders In Weekly World & Ancient Coin Auctions Are New Clients
Weekly World Coin Auction
Roughly 12 percent of winning bidders in Heritage's Weekly World & Ancient Coin Auctions are new clients and the surge of new bidders has pushed average sales to a new high of roughly $45,000 per week.

Our Weekly World and Ancient Coin Auctions have sold more than $2.5 million worth of certified and uncertified world and ancient coins during the last calendar year. Ancient coins are offered at a dedicated auction during the first week of every month and the remaining weekly auctions are comprised of world coins and medals.

"We are attracting bidders from every price-level, both beginners and seasoned veterans, and they seem to like the combination of world and ancient coins," said Sam Spiegel, Senior Numismatist of World and Ancient Coins. "We make it a point to offer several coins you'd normally see in our Signature® Auctions in each auction and new and mid-level collectors will find plenty to great coins as well."

Recent highlights show nine bidders pushed the closing price of a second century Bar Kokhba Jewish revolt coin to $4,817 and five bidders battled to own a 2011-P $200 Elizabeth II gold proof coin from Australia, which closed at $3,055. It's also not unusual to see select ancient Greek or Roman coins or certified world coins sell for less than $100.

"As these auctions climb in popularity and new clients register every week, now is a great time to consider consigning to these auctions," Spiegel said. "We are on track to deliver consignors a banner year with these weekly auctions."

To learn more about Weekly World & Ancient Coin Auctions, please contact worldcoins@ha.com.

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Website Tips: Editing Individual entries in MyCollection

If you've ever been to HA.com's MyCollection, you've undoubtedly seen some of the great features, such as:

  • All purchases from Heritage auctions added automatically
  • Up to date valuation of all US coins
  • Set your own Buy Now price for items from Heritage auctions
  • Organize your items into collections and subdivisions of your choosing
  • Handy wizard for quickly entering lots of US coins at the same time
  • Add PCGS, NGC and ANACS coins by scanner

But once a coin has been entered, there are reasons that you might want to change some of the information. To do so, click on the coin in your MyCollection listings. This will open a new page, covering only the specific coin. Here is a guide to what you can do:

  • Collection: Click on the link if you want to move the coin to another collection – even if the collection doesn't exist yet
  • Service: If the service is wrong, change it here. This change will appear on the main listings.
  • Your Reference Number: If you have your own cataloging system or want to enter a brief visible note on the coin, add it here.
  • Amount paid: Add or change the amount paid for the coin. This is useful if you want to add sales tax/shipping, or if you're adding material that you didn't buy from Heritage.
  • Your Value: This is an override value to the automatic value we provide for US coins, and it is included in the full value of the collection printed on the collection listings. This feature is especially useful for world coins and varieties that are not individually valued.
  • Date Acquired: Heritage provides this information for all coins we add to your collection. If you like, add this for coins you bought from other sources.
  • Grade: The numerical grade of the coin, ranging from Poor-1 to Mint State (or Proof) 70. This will appear in the collection listings, and all value calculations are based on this grade.
  • Quantity: If you have more than one. This is useful if you have multiples of the same coin, often in roll quantity. Not recommended for slabbed coins. Note that the calculated value and the Your Value entry are based on a single coin, then multiplied by the quantity.
  • CertID: The certification number of a slabbed coin. This number, combined with the grading service, uniquely identifies the coin.
  • PCGS No: The PCGS Index number for the coin. Changing this will allow you to change the date, denomination, designation (such as Red or Prooflike), or finish (such as proof) of the coin without having to create a completely new entry. All calculated values are based on this index number.
  • Source: Where you bought the coin. This is added automatically for all coins purchased in Heritage auctions; you may wish to add it for other coins.
  • Coin Notes and Misc. Notes: Two fields where you can keep notes about the coin.

  • Description: This is the description of the coin that displays in the collection listings. If you wish change what the listings say, edit it here.
  • Image One and Image Two: Places to keep images of the coins. Obverse and reverse images should be added automatically for coins purchased in Heritage auctions. If you wish to add images for your other items, you can browse for the proper image.
Other Website Tips
What is Heritage Live!TM?
Spam Blocking
Cookies and Security
Bidding Tutorial
Increasing your bids
How To "Make an Offer"
Batch Bidding
Tracking Lots
Bookmarking
Why am I being outbid immediately?
PCGS Registry Numbers
NGC Registry Numbers
Index Number
MyCollection Help

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This Week's Top Ten
1864 1C L On Ribbon PR65 Red and Brown PCGS. CAC
1864 1C L On Ribbon PR65 Red and Brown PCGS. CAC
The ten highest valued proof Indian cents to sell in Heritage auctions (one per date/major variety):
  1. 1864 1C L On Ribbon PR65 Red and Brown PCGS. CAC. Realized $161,000
  2. 1877 1C PR67 Red PCGS. Realized $97,750
  3. 1886 1C Type Two PR 66 Red PCGS. Realized $57,500
  4. 1902 1C PR68 Red PCGS. Realized $32,200
  5. 1861 1C PR66 PCGS. Eagle Eye Photo Seal. Realized $31,625
  6. 1904 1C PR67 Red PCGS. Realized $29,900
  7. 1859 Indian 1C PR67+ NGC. Realized $29,900
  8. 1864 1C Bronze PR66 Red Cameo PCGS. Realized $28,750
  9. 1905 1C PR67 Red Cameo PCGS. CAC. Realized $23,000
  10. 1864 1C Copper-Nickel PR67 PCGS. Realized $22,425

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
  • 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

700+ Designer Jewelry, Handbags And Luxury Items Dazzle At Heritage Auctions, Beverly Hills

Michael Beaudry Diamond, Platinum Ring
An exemplary 4.07 carat diamond platinum ring by Michael Beaudry may sell for $100,000+ and a Hermès Special Order Horseshoe 35cm Shiny Blue Electric & Indigo Porosus Crocodile Birkin Bag with Gold Hardware may sell for $60,000+ at Heritage Auctions' inaugural Boutique Jewelry & Luxury Accessories Auction Sept. 23.
Hermes 35cm Shiny Blue Electric Porosus Crocodile Birkin Bag with Palladium Hardware
This fresh auction concept combines the world's most desirable bags and fine contemporary designer jewelry at fabulous prices at Heritage's Beverly Hills location, 9478 West Olympic Blvd, Beverly Hills, 90212.

"This inaugural event makes it easy for new and existing clients to meet our staff and see the finest luxury jewelry and accessories at one event in one place," said Jill Burgum, Senior Director of Fine Jewelry at Heritage. "We're excited to break into the LA market and what better way than offering the finest examples from top designers and brand names?"

The weekend-long preview featuring more than 700 lots runs Friday-Sunday, Sept. 20-22.

Tiffany & Co. Sapphire, Diamond, Platinum Ring
The auction starts with a stellar line up of contemporary jewelry by renowned 20th century designers including Emily Armenta and Cynthia Bach, including an 8.95 carat sapphire diamond platinum ring by Tiffany, which may sell for $75,000+, a 3.75 carat diamond gold bracelet by Van Cleef & Arpels, which may sell for $20,000 and a playful 8 carat diamond multi-stone gold necklace by Laura Munder that is expected to bring $20,000+.

From Cartier's Trinity de Cartier Collection comes a 3.50 carat diamond white and rose gold ring, estimated at $20,000+, to highlight a hand-picked selection of rings, suites, and earrings.

Hermes 32cm Shiny Amethyst Porosus Crocodile Sellier Kelly Bag with Gold Hardware
Among the fine selection of vintage designer handbags is a first-class variety of Hermes bags, including a Hermès 40 cm Matte Mimosa Porosus Crocodile Birkin Bag with Palladium Hardware, which may fetch $60,000+, an Hermès 32cm Shiny Amethyst Porosus Crocodile Sellier Kelly Bag with Gold Hardware, which may sell for $30,000+ and an extremely rare Hermès 25cm Ombre Lizard Birkin Bag with Palladium Hardware, expected to reach $20,000+.

A pristine Hermès Special Order Horseshoe 35cm Gris Tourterelle, Vert Canopee & Blue Galice Birkin Bag with Gold Hardware is estimated at $15,000+.

Additional rarities from top designers names featured in the auction include examples by Balenciaga, Chanel, and Louis Vuitton.

More information about Jewelry & Luxury Accessories auctions.

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Instant Quiz
Trivia

1. What is the date of the first mintmarked US coin with a face value of less than 10 cents?
       A) 1838
       B) 1851
       C) 1883
       D) 1908
       E) 1912


2. The King of Siam proof set was minted in 1834. Besides the dollar, which coin was dated 1804?
       A) Half cent
       B) Half dime
       C) Half dollar
       D) Half eagle
       E) Eagle



Last week's question:

1. What was the first year of the Classic Head half eagle?
Correct Answer: D) 1834 (39%).

2. Which dates of Walking Liberty half dollars are commonly referred to as "The Short Set"?
Correct Answer: E) 1941-1947 (49%).

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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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Current Auctions
Coin Auctions
September 25 - 27 & 30, & October 1 World and Ancient Coins Signature Auction - Long Beach #3026
September 25 - 27 & 30, & October 1 World and Ancient Coins Signature Auction - Long Beach #3026

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Sunday Internet Coin Auction Sunday Internet Coin Auction #131336
Closes September 1
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131336
Closes September 3
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Thursday Modern Coin Auction Thursday Modern Coin Auction #241336
Closes September 5
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Weekly World Coin Auction Weekly World Coin Auction #231336
Closes September 5
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Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141336
Closes September 3
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Signature Auctions
2013 September 13 Fine & Rare Wine Signature Auction - Beverly Hills #5162 2013 September 13 Fine & Rare Wine Signature Auction - Beverly Hills #5162
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September 19 The Unknown Renoir: The Man, The Husband, The Father, The Artist Signature Auction - New York #5157 September 19 The Unknown Renoir: The Man, The Husband, The Father, The Artist Signature Auction - New York #5157
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September 21 Legends of the West Signature Auction - The John N. McWilliams Texas Ranger Collection - Dallas #6104 September 21 Legends of the West Signature Auction - The John N. McWilliams Texas Ranger Collection - Dallas #6104
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September 23 Fine Jewelry & Luxury Accessories Signature Auction - Beverly Hills #5160 September 23 Fine Jewelry & Luxury Accessories Signature Auction - Beverly Hills #5160
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September 30 Year of the Farmer Art Auction Benefiting the National FFA Organization #544 September 30 Year of the Farmer Art Auction Benefiting the National FFA Organization #544
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October 5 - 7 The Estate and Gentleman Collector Auctions #5144 October 5 - 7 The Estate and Gentleman Collector Auctions #5144
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Other Internet Auctions
Sunday Internet Comics Auction Sunday Internet Comics Auction #121335
Closes September 1
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151335
Closes September 1
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161335
Closes September 1
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Tuesday Internet Watch & Jewelry Auction Tuesday Internet Watch & Jewelry Auction #171336
Closes September 3
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Weekly Internet Luxury Accessory Auction Weekly Internet Luxury Accessory Auction #251336
Closes September 3
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201336
Closes September 5
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