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This Week in Coin News September 14, 2013
In This Issue:
Rare 'Technicolor' Gold Certificate featured in Long Beach Currency Auction
Pompeia's Picks: Constantine I "The Great"
A Rare Opportunity For Serious Philatelists
Website Tips: Draggable Image Closeups
Win A Free $500 Auction Credit By Sharing Your Collecting Stories
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
Last Issue
Rare 'Technicolor' Gold Certificate featured in Long Beach Currency Auction

A rare and desirable 1905 $20 Gold Certificate, affectionately referred to as a "Technicolor Note" by collectors, is expected to bring more than $100,000+ to lead more than 6,000 lots of United States and World paper money at Heritage Auctions' Sept. 25-30 Currency Signature® Auction in Long Beach, Calif.

1905 $20 Gold Certificate

"The distinctive design of the 1905 $20 Gold Certificate routinely qualifies it as the most aesthetically pleasing of gold certificates ever issued by the federal government," said Dustin Johnston, Director of Currency Auctions at Heritage. "It's anticipated the note will spark fierce bidding because of its low A6 serial number and stellar, Gem Uncirculated condition."

"Our research shows that these low serial numbered notes were personally distributed by Treasury Secretary Leslie M. Shaw," Johnston said. "In 2005 we sold a Serial Number 1 example accompanied by an envelope indicating it was given to none other than President Theodore Roosevelt. Teddy was the driving force behind a redesign of America's gold coinage leading to some of the most highly regarded numismatic designs of all time."

The Technicolor Note isn't the only discovery in the Sept. 25-30 auction. A fresh to market First Charter $50 1875 National Bank Note may sell for $35,000+. From one of New York City's scarcest banks, the note is the only $50 First Charter note known to exist from the institution and one of just 10 reported from the entire state. It also is the first to be offered to collectors in more than a decade. A newly discovered $10 Original National Gold Bank Note from Oakland, which brings the census for this note to just nine known to exist, is expected to bring $25,000+. More than 200 First Charter Nationals will be presented, perhaps the largest ever offering. Many of them are highlights from The Collins Collection, holdings that were assembled with the goal of finding the best possible example from the first 1000 National Bank Note Charters.

T3 $100 1861 PF-1 Cr. 3. PCGS About New 50

The number of examples graded Gem Uncirculated offer plenty to choose from, leading off with a Fr. 335 $50 1891 Silver Certificate PCGS Gem New 65 — one of just four known to exist in the condition — which could bring $25,000+ and a Fr. 824 $20 1915 Federal Reserve Bank Note PCGS Gem New 66PPQ, which also could fetch $25,000. A Fr. 123 $10 1923 Legal Tender PMG Gem Uncirculated 66 EPQ was preserved in pristine condition and could sell for as much as $22,500+ and a Fr. 282* $5 1923 Silver Certificate PMG Gem Uncirculated 66 EPQ, sporting a well centered porthole portrait of Abraham Lincoln, may sell for $20,000+. The United States Type Note selections are filled out by The Dr. Riaz and Dr. Mahvash Syed Collection which boasts hundreds of different large size notes by Friedberg Number.

Fr. 335 $50 1891 Silver Certificate PCGS Gem New 65

A diverse collection of 1882 Brown Back notes offer collectors a range of locations spanning the United States, the most anticipated of which is a Cawker City, KS - $5 1882 Brown Back Fr. 472 The Farmers & Merchants NB Ch. # 4618 and a San Francisco, CA - $100 1882 Brown Back Fr. 530 The Western NB Ch. # (P)5688, both of which are expected to bring $20,000+ each.

Anchoring the offering of Confederate currency is a T3 $100 1861 Confederate States of America and a T4 $50 1861 Confederate States of America hailing from The Tennessee Shamrock Collection, both of which are expected to realize $20,000+ each.

Fr. 335 $50 1891 Silver Certificate PCGS Gem New 65

A strong selection of World Currency includes a selection of more than 330 examples of Canadian paper money including a Toronto, ON- The Crown Bank of Canada $5 June 1, 1904 Ch. # 215-10-02, which may bring $17,500+ and a lot featuring a Morocco 4 Rials = 40 Francs 23.7.1917 Pick 1 20 Rials = 100 Francs 18.7.1910 Pick 2, which may bring $15,000+. A rare Japan 2 Yen 1873 Second National Bank (Yokohama) Pick 11 may sell for $12,500+, is just one of five Japanese National Bank notes to be offered, including a 10 Yen which may be the first offered at public auction in more than a half decade.

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Pompeia's Picks: Constantine I "The Great"

By Lorie Ann Hambly

Constantine I the Great (AD 307-337). AV solidus
Constantine I the Great (AD 307-337). AV solidus
In the world of politics and just about everything else, we've been hearing a lot about "Change" (with a capital C). So I thought it appropriate that we have a look at someone who did "fundamentally transform" his entire world. This year's Long Beach Auction is particularly strong in representing one of the most important Roman Imperial dynasties, that of Constantine I "The Great," as true an agent of "Change" who ever lived. By a singular act — turning Christianity from a small, persecuted sect into the favored religion of the Roman state — he pulled down the pillars supporting the Ancient World and, with the resultant rubble, built the foundations for Medieval Europe. To keep murdering this metaphor, he was the "demolition man" of the old order and prime architect of all that came after him.

Let's have a look at the Man Himself:

Considering this beautiful gold solidus was struck in the immediate aftermath of the Tetrarchic Age, when supremely ugly "generic" portraits of the "college of Emperors" were the norm, the numismatic portrait seen here, engraved by an anonymous genius at the branch mint of Sirmium (in modern Serbia), is truly remarkable. The die engraver, working in low relief, has with a very few lines captured the essence of this driven, determined ruler. The slightly squinty gaze, the hawkish nose, the firm jaw, the slight curl of his lip, all work together to create an image of a man who, in the words of one biographer, "it would be better not to have as an enemy." Indeed, in an age of endemic war, Constantine the general never lost a battle, even when greatly outnumbered or fighting deep in enemy territory. Maybe I'm reading too much into a few deftly carved lines, but I also see here evidence of the man's impatience and a smoldering temperament that could be terrible when aroused.

Which brings us to our next dynastic portrait, of Constantine's first and favorite son, Crispus:

Crispus as Caesar (AD 317-326). AV solidus
Crispus as Caesar (AD 317-326). AV solidus
In stark contrast to the previous piercing portrait, the youthful Caesar seen here is all sweetness and light. Crispus was born circa AD 295-305 of Constantine's liaison with one Minervina, probably his common-law wife, whom he later replaced with the more politically connected Fausta. When Crispus was about 12, Constantine raised him to the rank of Caesar and began grooming him for the succession. He was a quick study, absorbed his father's Christian faith without question, and soon showed himself a military prodigy, becoming Constantine's right hand man in campaigns against barbarians and the AD 324 Civil War against Licinius. Then, in AD 326, Constantine abruptly had him arrested and beheaded.

Constantine's biographers later asserted that Fausta falsely accused Crispus of making unwanted sexual advances upon her person, knowing that Constantine's quick temper would lead him act before fully thinking things through. If he had done so, Constantine might have realized that his scheming wife (aren't all Roman empresses depicted as "scheming" by male chauvinist biographers?) had cooked up the tale in order to advance her own three sons by Constantine in the succession arrangements. Tormented that he had snuffed out his promising and beloved son on a spurious charge, Constantine took his revenge on Fausta by having her suffocated in a steambath.

The events of AD 326 deeply scarred the emperor, but he must have taken solace that his Christian faith preached forgiveness for even the most heinous sins, if properly confessed and repented. When Constantine's thoughts again turned to the succession, he went to enormous lengths to ensure all male children in his family were accommodated, which led to this strange outcome:

Hannibalianus (AD 335-337). Æ follis
Hannibalianus (AD 335-337). Æ follis
Someone named after Hannibal, Rome's greatest enemy, with the title of "king" (another anathema term) on a Roman coin? The mind boggles. Yet here is a coin struck in Constantine's eponymous new capital depicting a fresh-faced young man named Hannibalianus as "regi" — king.

In AD 335, Constantine concocted an elaborate five-way succession scheme that would divide the Empire between Constantine's three sons by Fausta, Constantine II, Constans and Constantius, along with his young nephews Delmatius and Hannibalianus. The whole affair remains puzzling — with his three sons already designated Caesar (and all preparing to duke it out for supreme power when the old man passed), why did Constantine further complicate matters by tossing two neophyte nephews into the mix? Perhaps he had in mind resurrecting Diocletian's Tetrarchy, which would explain Delmatius being made Caesar to create an even four "heirs presumptive." But Hannibalianus received a very different title— Rex Regum et Pontiacarum Gentium, or "King of Kings and of the Pontic Peoples."

It seems Constantine, typically, was thinking big—full and final conquest of the enormous Sasanian Persian Empire to the East, followed by the installation of Hannibalianus under the supreme title "King of Kings" to rule over the non-Roman East. An entire world ruled by a single dynasty! Yet this is one grandiose dream, one "fundamental transformation," that even Constantine couldn't pull off. On the eve of launching his huge invasion of Persia, he took seriously ill. When it became clear he wouldn't recover, he had himself formally baptized (to cleanse his soul of many sins), clothed himself in a plain white shift, and peacefully expired. Once he was out of the way, his Christian-raised sons butchered their two nephews and divided the Empire three ways. The more things "Change," the more they stay the same.

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A Rare Opportunity For Serious Philatelists

Daniel F. Kelleher, America's Oldest Stamp Auction Firm, will conduct A Major Philatelic Public Auction in conjunction with Heritage Auctions on Sep. 18-20 at theFletcher-Sinclair Mansion, 2 East 79th Street (at 5th Avenue) New York, NY.

The highlights:

  • The Dr. Kurt Benirschke Collection of important items from Germany and the German Area, Austria, Czechoslovakia, Paraguay and the United States.
    Session 1: Wednesday, Sep. 18, 2013 starting at 9:00 AM ET

  • The "Valentine" Collection of Quality United States including many classic rarities and numerous very rare early coils and coil pairs.
    Session 2: Wednesday, Sep. 18, 2013 starting at approx. 4:00 PM ET

  • Full of rarities, the Flagship Series general sale includes Britain and the British Commonwealth with a specialized Bermuda collection, Europe and Colonies and Latin America. The extensive United States section includes numerous Re-issues and Special Printings, rare grilled issues, several Pan-American inverts, plus there are Confederate States and U.S. Possessions, including a specialized Canal Zone collection. The sale includes numerous collection lots to be sold intact.
    Session 3: Part 1: British Commonwealth, Europe and Colonies, Latin America on Thursday, Sep. 19, 2013 starting at 9:00 AM ET
    Session 4: Part 2: United States, Confederacy, U.S. Possessions on Friday, Sep. 20, 2013 starting at 9:00 AM ET

The complete full-color catalog for this significant public auction is available. Contact the Kelleher firm at 203.297.6056 or atinfo@KelleherAuctions.com. View the full-color online catalog and bid in this sale atwww.KelleherAuctions.com

Highlights Include
Scott No. 11X1
Scott No. 11X1
Scott No. 5
Scott No. 5
Scott No. 10A
Scott No. 10A
Scott No. 39
Scott No. 39
Scott No. 129a Imperf Horizontally
Scott No. 129a

Imperf Horizontally
Scott No. 144
Scott No. 144

Scott No. 197

Special Printing
Scott No. 199 Special Printing
Scott No. 199

Special Printing
Scott No. 295a Inverted Center
Scott No. 295a

Inverted Center
Scott No. 296a Inverted Center
Scott No. 296a

Inverted Center
Scott No. 36 Bluish Paper
Scott No. 360

Bluish Paper
Scott No. 389 Orangeburg
Scott No. 389

Orangeburg
Scott No. 613
Scott No. 613
Scott No. 387a Inverted Center
Scott No. 387a

Inverted Center
Michel No. 12
Michel No. 12
Michel No. 8 A
Michel No. 8 A

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Website Tips: Draggable Image Closeups

If you've been on our website for any length of time, you've probably done a little research into an item or two by looking at closeup images. You have a couple of options on how to do this — the Pan and Zoom feature, usable on all active and upcoming lots, and a simple closeup of an individual image, available on all pages. You can toggle between the two on any lot page for upcoming lots.

We haven't changed Pan and Zoom, but we have made a significant improvement to the closeup image page. Now, if you click on any of the images of a lot (or the Look Closer icon as in the screenshot above), you get a single page where you can navigate back and forth between all images for the same lot. Just click on the thumbnail images in order to view the closeup.

By default, this page allows you to drag the viewable image by clicking and moving the image to the area you wish to inspect. If you wish to scroll the image rather than drag it, click on the "Disable Click and Drag Pan Feature" button below the thumbnails.

 

The listing of thumbnails can intrude on some images. To get around this, you can close and open this listing at any time by clicking on the Hide Thumbnails/Show Thumbnails buttons.

Best of all, this feature is available for all Heritage lots that have images, including the auction archives.

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
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NGC Registry Numbers
Index Number
MyCollection Help

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Win A Free $500 Auction Credit By Sharing Your Collecting Stories

Heritage Auctions and Antique Trader magazine are teaming up to offer a $500 auction credit as the grand prize in the 5th Annual Favorite Finds Contest!

The contest is an opportunity to share your most memorable stories with your fellow collectors. Your submission puts you in the running for the grand prize of a $500 auction credit with Heritage, or the runner-up prize: a 10-volume reference library courtesy of Krause Publications and a one-year subscription to Antique Trader.

It's free to enter and every participant gets a free copy of the Favorite Finds issue featuring their story. All entries must be received by 11:59 PM ET Sept. 30, 2013. Learn how to enter and read how one collector discovered an amazing bronze Tiffany cigarette box at a garage sale.

Antique Trader magazine Favorite Finds issue

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This Week's Top Ten

The eleven highest valued perfect (MS70 or PR70) US coins to sell in Heritage auctions, one per issue:

1963 1C PR70 Deep Cameo PCGS
1963 1C PR70 Deep Cameo PCGS
  1. 1963 1C PR70 Deep Cameo PCGS. Realized $40,250
  2. 1991 $1 Silver Eagle MS70 NGC. Realized $34,500
  3. 1999 $1 Silver Eagle MS70 NGC. Realized $27,600
  4. 1976-S $1 Clad, Type One PR70 Deep Cameo PCGS. Realized $25,300
  5. 1996 $1 Silver Eagle MS70 NGC. Realized $21,850
  6. 1986 $1 Silver Eagle MS70 PCGS. Realized $21,150
  7. 2009 One-Ounce Gold Ultra High Relief Twenty Dollar, First Strike MS70 Prooflike PCGS. Realized $17,625
  8. 1999-S 25C Delaware Silver PR70 Deep Cameo PCGS. Realized $17,250
  9. 1995-W $1 Silver Eagle PR70 Ultra Cameo NGC. Realized $17,037
  10. 1993-P G$25 Half-Ounce Gold Eagle PR70 Deep Cameo PCGS. Realized $16,450
  11. 1990-P G$25 Half-Ounce Gold Eagle PR70 Deep Cameo PCGS. Realized $16,450

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

Gentleman Collector: From a Gorham Galapagos Penguin to rare fossil palms

Gorham silver commemorative Galapagos Penguin
A unique Gorham silver commemorative Galapagos Penguin, presented to Vincent Astor — heir of industrialist John Jacob Astor — in 1930 by his shipmates following an expedition to the Galapagos Islands, is estimated to bring $10,000 in the third annual Gentleman Collector® Auction at Heritage, Oct. 5-7 in Dallas. The auction presents a fine collection of luxury gentleman accessories hand-selected from private collections, including a spectacular pair of fossil palms, discovered in Wyoming after 56 million years, which may cross the block for $12,000+.

"This is our third Gentleman Collector branded auction and as with previous auctions we include a number of unique objects including fascinating items from the Estate of Vincent Astor, consigned directly from his family," said Nicholas Dawes, Vice President of Special Collections at Heritage. "Collector response to these auction has been marvelous and they've quickly become among the most popular and entertaining live auctions of the year."

The silver penguin stands 11-1/2" high and was modeled by James L. Clark for Gorham. Like his father, John Jacob Astor, who perished aboard the 'Titanic' in 1912, Vincent was known for grand adventures at sea, mostly aboard his second yacht Nourmahal. A 1930 voyage to the Galapagos Islands sparked a lifelong interest in Galapagos Penguins and Vincent adopted the animal as a personal totem, including one on his personal stationary and adding a silvered chrome penguin hood ornament to his favorite automobile.

The penguin figure leads an impressive, 22-lot collection of personal artifacts and ephemera from Vincent's estate, with many objects from the Nourmahal, which hosted numerous prominent figures during her voyages in the 1930s, including President Franklin Roosevelt. Other Astor family rarities include a Gorham silver notepad inscribed to Brooke Astor from Lady Bird and President Lyndon Johnson, estimated to bring $3,000+ and a silver-topped monogrammed walking cane owned by John Jacob Astor IV, which is expected to sell for $700+.

Fossil Palms: Matched Pair
The Gentleman Collector event opens with a private collection of Napoleonic material and other notable historical figures, to include a rare patinated copper bust of Napoleon Bonaparte, which is estimated to sell for $2,000+, and works of reference including more than 150 leather-bound volumes. A related selection of 19th and 20th century sculpture and bronzes includes a marble bust of Niccolò Machiavelli, estimated to bring $3,000+, and a Gorham Foundry bronze of Abraham Lincoln by George Bissel, which may fetch $500+.
Gothic Revival carved wood and parcel-gilt cupboard
The auction once again offers a strong collection of ship models and maritime paintings, including a fine scale model of the private steam yacht Harvard, which is estimated to bring $5,000+. Additional furniture items include a fine selection of English library furniture and effects, such as a 19th century Gothic Revival carved wood and parcel-gilt cupboard, estimated to bring $3,500, as well as several lots of fascinating leather bound volumes on historical and travel subjects. The auction also includes a selection of gentleman's jewelry and contemporary art by Mel Ramos and others.

Individual collections include a fine grouping of walking canes, a large selection of commemorative ware dedicated to the life and coronation of King Edward VIII, passionately collected over 40 years by Mel and Barbara Alpren, well-known exhibitors at the Park Avenue Armory Show, among others. Other private collections include one of the finest groups of vintage meerschaum pipes to ever come to auction. More than 50 finely carved examples may be led by a late 19th century meerschaum pipe of a reclining woman, retaining its original custom case, which may fetch $800.

More information about fine and decorative art auctions.

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Instant Quiz
Trivia

1. For how many years were US half dollars made with the Draped Bust obverse and the small eagle reverse?
       A) 1
       B) 2
       C) 4
       D) 6
       E) 7


2. Which of the following is considered the true "No D" 1922 cent?
       A) Die Pair 1
       B) Die Pair 2
       C) Die Pair 3
       D) Die Pair 1 and Die Pair 2
       E) Die Pair 2 and Die Pair 3



Last week's question:

1. Which of the following denominations of US coins was minted in 1922?
Correct Answer: D) Half dollar (20%).

2. Which of the following US coins is considered crown-sized?
Correct Answer: E) Silver dollar (41%).

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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
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2013 September 25 - 29 US Coins Signature Auction - Long Beach #1189
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151337
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201338
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