The World's #1 Numismatic Dealer
This Week in Coin News
||September 28, 2013
Hawaii Five-O 1913 Liberty Nickel offered
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
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
"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
- 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
- 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
- Superior Galleries;
- Chemist, real estate investor and Los Angeles Lakers co-owner
Dr. Jerry Buss;
- Austin, Texas energy industries business executive Reed
- Spectrum Numismatics;
- Pacific Northwest business executive Bruce Moreland and Legend
- PCGS, NGC and CAC co-founder John Albanese and Blanchard &
Back to Top
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:
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.
Back to Top
Website Tips: Take Charge Of Your Email
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
- Bid confirmation notices: These confirm your bid when
you become the high bidder on any lot.
- Outbid notices: These tell you when you have been outbid
through Internet bidding.
- Daily MyBids: These notices give you a daily snapshot of
how your current bids are faring in our auctions.
- Critical Announcements: We send these only in
exceptional circumstances, such as when we are forced to extend an
- Newsletters: We prepare these weekly or monthly,
depending on the collectible type. You can turn these on or off by
- Auction Reminders: These will let you know when our
weekly or monthly Internet auctions close, and when our bigger
Signature auctions open or close. You can turn these on or off by
- Special Announcements: These announcements are targeted
to people in your area, or to people we think might be interested
in a specific upcoming offering. You can turn these on or off by
To make sure that you are receiving all of the emails you want,
and only the emails you want,
visit MyProfile now!
Back to Top
The ten highest priced early US gold pieces to sell in Heritage
1796 $2 1/2 No Stars MS65 PCGS. Breen-1, Breen-6113, Bass-3002,
BD-2. Realized $1,725,000
1829 $5 Large Date PR64 PCGS Secure. CAC. Breen-6489, BD-1, R.7.
Ex: Garrett. Realized $1,380,000
1796 $2 1/2 Stars MS65 NGC. CAC. Breen-6114, Bass-3003, BD-3.
1833 $5 Large Date PR67 PCGS. Ex:Pittman. Realized
1825/4 $5 AU50 NGC. BD-2, R.8. Realized $690,000
1795 $10 13 Leaves MS65 NGC. BD-5. Ex: Eliasberg. Realized
1828/7 $5 MS64 NGC. CAC. Breen-6487, BD-1, R.7. Realized
1828 $5 MS64 PCGS. CAC. BD-4. Realized $499,375
1795 $10 13 Leaves MS64 PCGS. Breen-6830, B. 1-A, Taraszka-1.
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!
Back to Top
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
Back to Top
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 &
Back to Top
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
Back to Top
Works by Leigh, Reynolds and Terpning Headline
Nov. 14 Western & California Art Event In Dallas
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
"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
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+.
"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.
"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.
AlissaF@HA.com or Kirsty Buchanan, Associate Director of
Western Art, ext. 1741,
More information about historical auctions.
Back to Top
March of Dimes Signature Chefs Auction
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.
For more information about the auction, contact Jeri Carroll at
More information about charity auctions.
Back to Top
Back to Top
Heritage Auctions / bid@HA.com / 3500 Maple Ave / Dallas, Texas 75219 /
Copyright © 1999-2013 Heritage Capital
Corporation / All Rights Reserved