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This Week in Coin News September 28, 2013
In This Issue:
Hawaii Five-O 1913 Liberty Nickel offered at FUN
Lot Viewing Scheduled for Eric P. Newman Auction Part II
Website Tips: Take Charge Of Your Email Preferences
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?
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Hawaii Five-O 1913 Liberty Nickel offered at FUN
1913 Liberty Nickle
1913 Liberty Nickle
A legendary rare nickel that was made under mysterious circumstances and was unknown to even exist for many years is coming back in the spotlight.

The Olsen specimen 1913 Liberty Head nickel, sometimes known as the "Hawaii Five-O" specimen because of its featured appearance in an episode of that popular television program, will be offered in the Heritage Auctions U.S. Signature Coin Auction at the Florida United Numismatists Convention in Orlando, Jan. 8-12, 2014.

It is graded NGC PR64, and Heritage officials estimate it will sell for $3.5 to $4.25 million.

Even though Heritage has not yet issued any formal news release about its upcoming auction, collectors already are inquiring about this internationally famous coin.

"We have received serious inquiries from dealers and collectors, including at least one collector from Asia and another from Europe, who are interested in acquiring the Olsen 1913 Liberty Head nickel," revealed Todd Imhof, Executive Vice President of Heritage.

Only five 1913 Liberty nickels have been known to exist since 1920, and two are permanently part of museum collections.

The Norweb specimen, named after Emery May Holden Norweb, a Cleveland, Ohio newspaper heiress and wife of a U.S. diplomat, has been part of the National Numismatic Collection at the Smithsonian Institution's National Museum of American History since 1977. The McDermott-Bebee specimen, named after Milwaukee, Wisconsin collector J.V. McDermott and Omaha, Nebraska dealer Audrey Bebee and his wife, Adeline, was donated by the Bebees in 1989 to the American Numismatic Association's Edward C. Rochette Money Museum in Colorado Springs, Colo.

Heritage sold the Walton specimen 1913 Liberty nickel, graded PCGS Secure PR63, at auction earlier this year for $3,172,500. The coin is named after North Carolina collector George O. Walton who was killed in a 1962 car crash while taking the nickel to a coin show.

Walton's heirs were mistakenly told it was a fake, and they kept it for decades in a Virginia closet. The coin was declared genuine by experts in 2003 in an astonishing and exciting case of numismatic detective work.

The Olsen specimen is named after Fred E. Olsen, an Alton, Ill., explosives expert who briefly owned the coin in the 1940s. Olsen's work to improve ammunition was instrumental in U.S. efforts during World Wars I and II.

In recent decades, this particular coin has become known as the "Hawaii-Five-O" nickel after it was featured in a December 1973 episode of that TV show entitled, "The $100,000 Nickel." The nickel actually had sold for that record-breaking amount in 1972, becoming the first rare coin to break the $100,000 level.

Three years ago it became part of what is known as the Greensboro Collection when it was purchased by an anonymous collector for $3,737,500 in an auction conducted by Heritage at the January 2010 FUN convention.

The fifth known 1913 Liberty nickel, the Eliasberg specimen, is named after Baltimore banker, financier, civic leader and "King of Coins," Louis E. Eliasberg Sr. He was a legendary collector who assembled a virtually complete, one-of-everything collection of United States coins before his 1976 death.

"Shortly after the Walton example sold this past April, I received a couple of aggressive inquiries about the possible availability of the Olsen or Eliasberg specimens. The Greensboro collector was impressed with our promotion and the results of the Walton coin auction, and now is confident Heritage can deliver a satisfactory result for him as well," said Imhof.

"Each of the 1913 V nickel specimens enjoy remarkable, storied pasts. And each coin has a registry of past owners that reads like the Who's Who in numismatic lore."

In addition to the anonymous Greensboro collector and Olsen, some of the previous owners of this particular 1913 Liberty Head nickel include:

  • Samuel Brown, a former United States Mint employee who advertised in 1919 that he wanted to purchase previously unreported 1913 Liberty Head nickels, then appeared with five of them at the 1920 American Numismatic Association convention in Chicago;
  • Wayte Raymond, a prominent mid-20th century dealer and numismatic publisher;
  • Colonel Edward Howland Robinson Green, an avid and eccentric collector of coins and stamps, including the entire sheet of 1918 "Inverted Jenny" airmail stamps;
  • Respected collector and numismatic researcher Eric P. Newman jointly with St. Louis, Missouri dealer Burdette G. Johnson;
  • Fort Worth, Texas dealer and numismatic promoter B. Max Mehl, who extensively advertised during the Great Depression he'd pay $50 each for 1913 Liberty Head nickels even though he knew all five known were accounted for;
  • Egyptian King Farouk;
  • New York City department store owner Edwin Hydeman;
  • World Wide Coin Investments and then jointly with Bowers and Ruddy Galleries;
  • Superior Galleries;
  • Chemist, real estate investor and Los Angeles Lakers co-owner Dr. Jerry Buss;
  • Austin, Texas energy industries business executive Reed Hawn;
  • Spectrum Numismatics;
  • Pacific Northwest business executive Bruce Moreland and Legend Numismatics;
  • PCGS, NGC and CAC co-founder John Albanese and Blanchard & Co.
"It's tough for any coin to match the wonderful story of the Walton example. But the quality of the Olsen specimen is notably higher, so it'll be interesting to see how the marketplace values it," said Imhof.

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Lot Viewing Scheduled for Eric P. Newman Auction Part II
Heritage Auctions has designated the week of Nov. 11-16, 2013, as "Newman Week in New York City" to honor the legacy of esteemed numismatic researcher, author and collector Eric P. Newman, culminating on the evenings of Nov. 15 and 16 with the second eagerly anticipated offering of numismatic rarities from Newman's legendary collection. Most of these outstanding historic coins have been off the market for a half century or more.

The "Selections from The Eric P. Newman Collection Part II" auction will be conducted by Heritage, live and online, at the Fletcher-Sinclair Mansion (2 E. 79th Street, at 5th Avenue) in New York City, Nov. 15 and 16, 2013. The auction will include a broad selection of U.S. quarters, half-dollars and silver dollars, as well as high-grade two-cent and three-cent pieces, nickels, dimes and twenty-cent pieces. Many of these historic treasures have been in Newman's possession since he obtained them directly from the estate of another legendary collector, Colonel E.H.R. Green, more than 70 years ago.

Newman, 102, is a retired St. Louis lawyer and business executive who is well-known in numismatics as a collector, researcher and award-winning author. He began collecting at the age of seven, and today is the only surviving person to ever own all five of the fabled 1913 Liberty Head nickels.

Lot viewing for this auction is scheduled as follows:

September 25-28 - Highlights only
Long Beach Expo
Long Beach Convention Center
100 South Pine Ave
Long Beach, CA 90802
Heritage Booth #400
October 2-4 - Full Preview
Heritage Auctions – Beverly Hills
9478 West Olympic, First Floor
Beverly Hills, CA 90212
By appointment only - Roy Porras 214-409-1295
October 9 - November 1 - Full preview
Heritage Auctions – Dallas
3500 Maple Avenue, 17th Floor
Dallas, TX 75219
By appointment only - Roy Porras 214-409-1295
November 7-8 - Highlights only
Baltimore Winter Expo
Baltimore Convention Center
One West Pratt Street
Baltimore, MD 21201
November 11-14 - Full preview
Heritage Auctions – New York
445 Park Ave (at 57th Street)
New York, NY 10022
Hours:
Nov. 11-12 - 9:00 AM - 8:00 PM
Nov. 13-14 - 9:00 AM - 5:00 PM
November 15-16 - Full preview and auction
Fletcher-Sinclair Mansion – New York
2 E. 79th Street
New York, NY 10075

Items being sold are from the extensive collection of the Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society's museum operations and scholarly research efforts and for the benefit of other not-for-profit institutions selected by the Eric P. Newman Numismatic Education Society for public purposes.

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Website Tips: Take Charge Of Your Email Preferences

We know that you have your own priority when it comes to receiving email. You don't want to get too many emails — and yet you don't want to miss anything that concerns you.

At Heritage Auctions, you have complete control over which emails we send you. MyProfile allows you to choose which collectible types you wish to hear about. In addition, you also have complete control over which kinds of emails you wish to receive:

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To make sure that you are receiving all of the emails you want, and only the emails you want, visit MyProfile now!

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This Week's Top Ten

The ten highest priced early US gold pieces to sell in Heritage auctions:

1796 $2 1/2 No Stars MS65 PCGS. Breen-1, Breen-6113, Bass-3002, BD-2
1796 $2 1/2 No Stars MS65 PCGS. Breen-1, Breen-6113, Bass-3002, BD-2
  1. 1796 $2 1/2 No Stars MS65 PCGS. Breen-1, Breen-6113, Bass-3002, BD-2. Realized $1,725,000
  2. 1829 $5 Large Date PR64 PCGS Secure. CAC. Breen-6489, BD-1, R.7. Ex: Garrett. Realized $1,380,000
  3. 1796 $2 1/2 Stars MS65 NGC. CAC. Breen-6114, Bass-3003, BD-3. Realized $1,006,250
  4. 1833 $5 Large Date PR67 PCGS. Ex:Pittman. Realized $977,500
  5. 1825/4 $5 AU50 NGC. BD-2, R.8. Realized $690,000
  6. 1795 $10 13 Leaves MS65 NGC. BD-5. Ex: Eliasberg. Realized $675,625
  7. 1828/7 $5 MS64 NGC. CAC. Breen-6487, BD-1, R.7. Realized $632,500
  8. 1828 $5 MS64 PCGS. CAC. BD-4. Realized $499,375
  9. 1795 $10 13 Leaves MS64 PCGS. Breen-6830, B. 1-A, Taraszka-1. Realized $460,000
  10. 1815 $5 MS64 NGC. Breen-6469, BD-1, R.7. Realized $460,000

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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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

Works by Leigh, Reynolds and Terpning Headline Nov. 14 Western & California Art Event In Dallas

Thomas Hill: Yosemite
The highly-anticipated follow up to last fall's record, $8.78+ million art event, Heritage Auctions' Nov. 14 Western and California Signature Art Auction in Dallas returns with a strong selection of important works by Franz A. Bischoff, William Robinson Leigh, and Howard Terpning. These kings of Western and California art headline a far-reaching treasury of paintings and sculpture celebrating the last American frontier.

Among the highlights include an untitled landscape view of a Taos Village by Charles H. Reynolds, which is expected to bring $60,000+; an H.H. Cross portrait of Rain in the Face, the Native American credited with killing Gen. George Custer, which may fetch $10,000+ and a watercolor by William Robinson Leigh titled Mesa Trail, which is conservatively estimated to bring $10,000+.

"Works by W.R. Leigh dominate the market and we expect continued success for his work," said Kirsty Buchanan, Associate Director of Western Art at Heritage. Buchanan co-directed last fall's auction and oversaw the November 2011 sale of Home, Sweet Home, which claimed the world record as the most valuable Leigh painting ever offered at auction when it crossed the block for $1.19 million.

The auction offers a seamless transition between Western Art and California Art seen in works such as Yosemite, 1889 by Thomas Hill. "The work is one of Hill's iconic representations of Yosemite as an untouchable and majestic force that no human being could ever rival," said Alissa Ford, Director of California Art at Heritage. The 24" x 16" oil on canvas is expected to bring $30,000+.

Edwin Deakin: Fort Point, San Francisco
"Typical of 19th century compositions, Hill places two small figures (one on horseback) amongst the grand cliffs and waterfalls of Yosemite, to show the scale and power of the western landscape" Ford said. "It's a perfect testament to Hill's dedication to Yosemite." In addition to Yosemite, Edwin Deakin's historically significant work Fort Point, San Francisco, 1876 will also be featured in the November auction. This piece depicts what was considered the most perfect models of masonry in America. Built in 1853 and used during the Civil War, Fort Point stands on the cliffs that now grace the iconic Golden Gate Bridge. "It's incredible to see the historical changes to this piece of land that is now one of the most highly visited vistas in the world."

"The interest in 19th century paintings continues as buyers view and appreciate these works as historical documentations California and the West," Ford said. "From Thomas Hill's views of Yosemite to Charles Nahl's genre scenes of the Gold Rush and Grace Hudson's portraits of Native children, these works have become a part of California and Western History. As we look at 20th century California Art, we notice an increased interest in movement, light, and color.

Franz A Bischoff: Cathedral Point, Utah
"Plein Air collectors want images that capture the untouched beauty of the western landscape and the intensity of the atmosphere," she said, singling out Cathedral Point, Utah by Franz A Bischoff crossing the block during in November and expected to bring $40,000+. "At 30 x 40 inches, this work offers all of the premier qualities of a well-done landscape. Cathedral Point stands bold while cumulous clouds drift above a meandering river that flows through the rugged cliffs of Utah. It is amongst the most vibrant and stunning of Bischoff's plein air work and truly displays his talents as a California & Western Impressionist.

With an increased interest in California Modernism, Ford is pleased to present a beautiful example by Millard Sheets in November and continues searching for California & Western gems from this period. Visit HA.com/5148 to see all the lots in this sale or for consignment opportunities, contact Alissa Ford, Director of California Art at 1-800-HERITAGE (437-4824), ext. 1926, AlissaF@HA.com or Kirsty Buchanan, Associate Director of Western Art, ext. 1741, KirstyB@HA.com.

More information about historical auctions.

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March of Dimes Signature Chefs Auction

2012 Hardcore Chopper Shank 6-Speed
The Signature Chefs Auction is an opportunity for everyone to support the March of Dimes. Chefs and donors have donated unique auction packages with all proceeds benefiting March of Dimes. For the first time ever, March of Dimes Signature Chefs Auction packages will be available for pre-event online bidding, courtesy of Signature Sponsor, Heritage Auctions.

2013 March of Dimes Signature Chefs Auction Dallas opens for online bidding September 23, 2013 10:00 PM CT. Online bidding closes October 23, 10:00 PM CT with live auction held during 2013 Signature Chefs Auction, October 24, 2013 8:00 PM CT at the Omni Hotel, 555 S. Lamar Street, Dallas, Texas 75202. If you are the high bidder or placed a proxy bid at the close of online portion of the auction, your online bid will be executed at the live auction by Heritage Auctions staff.

March of Dimes

For more information about the auction, contact Jeri Carroll at 214-409-1873 or JeriC@HA.com.

More information about charity auctions.

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Instant Quiz
Trivia

1. For how many years were Franklin half dollars minted?
       A) 15
       B) 16
       C) 25
       D) 26
       E) 32


2. When did Canada change the size of their cent from large to small?
       A) 1858
       B) 1902
       C) 1920
       D) 1921
       E) 1922



Last week's question:

1. Which US coin was struck with a 35% silver content?
Correct Answer: C) 1942-45 nickel (65%).

2. Which US coin was last struck in 1878?
Correct Answer: B) Twenty cent piece (49%).

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Is it Time to Sell?

Your next consignment opportunity for US coins is our 2013 December 5 - 8 US Coins Signature Auction in Houston. 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 Houston and throughout the world at HA.com.

The October 22 consignment deadline will be here before you know it, so call our Consignment Hotline at 1-800-872-6467 x1000 today!

2013 December 5 - 8 US Coins Signature Auction - Houston
Consignment Deadline: October 22, 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
2013 September 25 - 29 US Coins Signature Auction - Long Beach #1189
September 25 - 29 US Coins Signature Auction - Long Beach #1189

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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 #131340
Closes September 29
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131340
Closes October 1
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Thursday Modern Coin Auction Thursday Modern Coin Auction #241340
Closes October 3
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Weekly World Coin Auction Weekly World Coin Auction #231340
Closes October 3
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Currency Auctions
2013 September 25 - 27, 30 & October 1 Currency Signature Auction - Long Beach 3524 September 25 - 27, 30 & October 1 Currency Signature Auction - Long Beach #3524
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Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141340
Closes October 1
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Signature Auctions
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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September 30 West Texas Golf Classic Auction Benefiting Texas Scottish Rite Hospital for Children 552 September 30 West Texas Golf Classic Auction Benefiting Texas Scottish Rite Hospital for Children #552
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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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October 17 Rare Books Signature Auction - New York #6100 October 17 Rare Books Signature Auction - New York #6100
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October 17 - 18 Manuscripts Grand Format Auction - New York #6102 October 17 - 18 Manuscripts Grand Format Auction #6102
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October 19-20 Nature & Science Signature Auction - Dallas #5141 October 19-20 Nature & Science Signature Auction - Dallas #5141
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October 24 March of Dimes Signature Chefs Auction Dallas #550 October 24 March of Dimes Signature Chefs Auction Dallas #550
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Other Internet Auctions
Sunday Internet Comics Auction Sunday Internet Comics Auction #121339
Closes September 29
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151339
Closes September 29
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161339
Closes September 29
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Tuesday Internet Watch & Jewelry Auction Tuesday Internet Watch & Jewelry Auction #171340
Closes October 1
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Weekly Internet Luxury Accessory Auction Weekly Internet Luxury Accessory Auction #251340
Closes October 1
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201340
Closes October 3
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