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This Week in Coin News October 19, 2013
In This Issue:
500 Lot Premier Session Highlights New York Signature Offerings
Seldom Seen Selections: Rare 1849 Mormon $20 gold
Website Tips: Tracking Details
This Week's Top Ten
Coin Buyer Wanted - Dallas Office
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
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Is It Time To Sell?
Current Auctions
Newsletter Archive
Last Issue
500 Lot Premier Session Highlights New York Signature Offerings
1893-S Morgan dollar
1893-S Morgan dollar
Our New York Signature US Coins auction is now open for bidding. Scheduled for November 1-3 at our New York offices at 445 Park Ave. (near 57th Street), this auction features highlights ranging from Early American to modern rarities and everything in-between.

The Premier Session of higher-valued items is more than 500 lots deep, a testament to its all-around strength. One notable individual highlight is the 1849 Mormon twenty dollar gold piece featured below, our first offering of such a piece in 15 years. An NGC-graded MS64 representative of the famous 1893-S Morgan dollar is testament to the Morgan dollar's enduring popularity with collectors and this coin's status as the key to the series. In a series where uncirculated examples of most dates are easy to find, the 1893 stands out, with just 64 coins certified in Mint State by the major grading services combined.

A 1799 dollar, 7x6 stars, graded MS65 by NGC, is the finest known example of the B-12, BB-160 variety. Only a few examples in the entire Draped Bust dollar series are known in higher grades. This coin bears an extensive pedigree, including names like Waldo Newcomer, Col. E. H. R. Green, and Jascha Heifetz, and has long been considered one of, if not the, finest examples of the date.

1861-S $20 Paquet AU58 NGC 1861-S $20 Paquet AU58 NGC
The 1861-S double eagle with the unusual reverse modifications designed by Anthony C. Paquet is not known in mint state grades at all, leaving collectors seeking the finest possible examples to compete for lightly circulated pieces. One such piece, graded AU58 by NGC, is being offered in New York. The Paquet reverse was slated to be adopted for all double eagles in 1861, and all three mints had new reverse dies ready to strike the coins. However, after a few examples were produced in Philadelphia, the coins were deemed unsuitable for mass production, and orders were issued to destroy the new reverse dies. New Orleans complied, but word did not get to San Francisco until after nearly 20,000 examples were struck. About 100 examples minted in San Francisco survive today, along with two struck in Philadelphia.

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

1799 $1 7x6 Stars MS65 NGC. CAC 1799 $1 7x6 Stars MS65 NGC. CAC
1943-S 1C -- Struck on a Bronze Planchet -- VF35 PCGS 1943-S 1C -- Struck on a Bronze Planchet -- VF35 PCGS
Bidding on this auction will continue on HA.com/Coins until 10:00 PM the night before the live session, and on Heritage Live!® until the lot crosses the auction block. Look for more US coin auctions to open soon at HA.com/Coins!

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Seldom Seen Selections: Rare 1849 Mormon $20 gold
1849 $20 Mormon Twenty Dollar
1849 $20 Mormon Twenty Dollar
An exceedingly rare $20 Mormon gold coin, certified as Genuine by PCGS and struck from California Gold Rush gold in 1849, will be crossing the auction block in early November and is expected to bring more than $100,000 as part of Heritage Auctions' Nov. 1-3 U.S. Coins Signature® Auction at the company's 445 Park Avenue (at 57th) offices in New York.

Few coins can match the rarity and history of the 1849 Mormon $20. Not only were they among the first coins struck from California Gold Rush gold, they were also the first $20 coins to be spent in what is now the United States. This is the first Mormon $20 we've offered in more than 15 years, which shows just how seldom these pieces become available.

Mormon veterans of the Mexican-American War, discharged in California and working their way toward the settlement that became Salt Lake City, were at Sutter's Mill when gold was discovered there on Jan. 24, 1848. They were among the first to strike it rich in the California Gold Rush and some of the first to leave wealthy, carrying gold dust, flakes and nuggets with them. The gold was welcome, but inconvenient for buying goods and tithing, and the church leadership decided to make coins for the community to spend instead.

During the California Gold Rush, many private individuals struck coins for local commerce in cities such as San Francisco. The Mormon coinage follows much the same pattern, though the religious nature of the settlement and the place of manufacture sets it apart.

Though broken equipment soon halted the first attempts at Mormon gold coinage in 1848, by September 1849 the local mint was back in operation. That year, four different denominations were struck. Three of them corresponded to the gold coins struck by the United States, a quarter eagle or $2-1/2, a half eagle ($5), and an eagle ($10). The fourth and largest denomination was something new: a $20 coin.

The U.S. Congress authorized a $20 gold coin or double eagle in 1849, but only experimental pieces were produced that year at the Philadelphia Mint. The first U.S. double eagles for commerce were not struck until 1850, months after the earliest Mormon $20s were made.

While around 1,000 Mormon $20s were produced, only fifteen or so still exist. The coins were popular and much-used within their community, but elsewhere they were viewed with mistrust, much like the Mormons themselves. While private California gold coins often imitated the designs of the U.S. federal government, the Mormon pieces displayed religious symbols, including an Eye of Jehovah. The Mormon coins also shared a common problem with many private California gold coins: they were underweight.The Mormon gold coins never found full acceptance outside the settlement. Over time, most of them were melted down to reuse their gold, especially the $20s. The few surviving examples, like this one, are not only collectible coins but artifacts directly tied to important events in America's commercial and religious history.

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Website Tips: Tracking Details

Can't wait for your purchase to arrive? We have added a new method of checking the status of your shipment from Heritage.

Each completed invoice in MyOrders contains a tracking link. Click on it, and a new section displays with the brief shipping details, including shipped date and delivery status.

Brief Tracking Details

Brief Tracking Details

If you like, you then have the option of viewing the complete shipping information by clicking the "Show Complete Tracking Details" link.

Complete Tracking Details

Complete Tracking Details

Other Website Tips
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MyCollection Help

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This Week's Top Ten
The ten highest valued British silver coins to sell in Heritage auctions:

William IV Proof Crown 1834, S3833, ESC275 (as R5), L&S6, type of KM715, plain edge, PR66 Cameo NGC
William IV Proof Crown 1834, S3833, ESC275 (as R5), L&S6, type of KM715, plain edge, PR66 Cameo NGC
  1. William IV Proof Crown 1834, S3833, ESC275 (as R5), L&S6, type of KM715, plain edge, PR66 Cameo NGC. Realized $69,000
  2. Victoria Proof Crown 1839, Young Head, S-3882, ESC-279, L&S-38, KM741, plain edge, PR65 Cameo PCGS. Realized $38,187
  3. Victoria Gothic Crown 1847, S-3883, KM744, Undecimo edge, PR67 PCGS. Realized $35,250
  4. George III Pattern Crown 1817, "INCORRUPTA", ESC229 (as R3), L&S159, KM-Pn177, plain edge, PR63 Deep Cameo PCGS. Realized $32,200
  5. Victoria Gothic Crown 1847, S-3883, KM744, Undecimo edge, PR67+ PCGS. Realized $30,550
  6. William IV Proof Crown 1831, S-3833, KM715, plain edge, incuse "W.W." on truncation, PR66 Cameo PCGS. Realized $30,550
  7. Victoria Gothic Crown 1847, S-3883, KM744, Undecimo edge, PR67 PCGS. Realized $30,550
  8. Victoria Gothic Crown 1847, S3883, PR67 PCGS, lettered edge. Realized $29,900
  9. Victoria Gothic Crown 1853, S3884, KM744, Septimo edge, PR63 Cameo PCGS. Realized $28,750
  10. Charles I Pound 1625-1649, S-2940, XF, Oxford Mint. Realized $27,600

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
  • Automobilia 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
  • Color Imaging Specialist
  • Consignment Coordinator
  • Currency Consignment Director
  • eCommerce Content Specialist
  • e-Publishing Expert
  • Interns
  • Maintenance Assistant
  • Nature & Science Auction Coordinator
  • Shipping Associate
  • Web Marketing Specialist
  • U.S. Coin Cataloger Needed

If you are interested in applying for one of these Corporate positions, please apply here.

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Around Heritage Auctions
Norman Rockwell's Song of Bernadette Headlines Oct. 26 Illustration Art Event

Norman Rockwell: The Song of Bernadette
Norman Rockwell's signature masterpiece The Song of Bernadette, one of the most reproduced works of his entire career, may take top lot honors Oct. 26 in Heritage Auctions' Illustration Art auction at the Fletcher-Sinclair Mansion, 2 E. 79th St., New York, which will feature the most impressive selection by the greatest names in illustration ever offered by Heritage. Rockwell's original movie poster illustration was commissioned as the centerpiece of an unprecedented publicity campaign for the 1943 film classic starring Jennifer Jones.

"Rockwell's full-length The Song of Bernadette is considered one of the artist's great works and a true triumph of illustration art as fine art," said Ed Jaster, Senior Vice President at Heritage. "As a wildly popular movie poster, it is among the most reproduced images of Rockwell's entire career and remains so long after the movie won five Academy Awards."

Defining works in the auction include A Child's Prayer, a book cover painted in 1905 by the revered Jessie Willcox Smith. Smith is known mostly for her illustrations of children and A Child's Prayer is an iconic example of her warm and tender style. The signature painting has never before been offered on the market, being held in a private collection since it was painted.

J.C. Leyendecker: Harvard Crew Team
The auction will also feature Harvard Crew Team, stunning oil on canvas by J.C. Leyendecker published as an advertisement for the Howard Watch Company in 1907. The work appeared in print often in its early years, including Collier's Magazine in 1909.

The Artist and His Model by Dean Cornwell, also never before offered at auction, is a peak period masterpiece by the popular illustrator who gained fame working in the decorative Brandywine technique. Cornwell was once a WPA muralist whose work is now highly sought after for its detailed representations of complex social settings and is seen as one of the greatest technical painters to work in the field.

In addition to these landmark works, the Oct. 26 event marks debut of The Frank Collection of Science-Fiction and Fantasy Art. Long referenced as one of the greatest collections known to exist, the group holds a number of crowning achievements, such as Virgil Finlay's iconic, 1956 cover painting for Other Worlds Science Stories magazine titled Viridi, Goddess of Nature. The collection also offers Biomechanoid II by Swiss master H.R. Giger, the artist responsible for the Academy-Award winning designs for the movie Alien, and Michael Whelan's famous diptych Lovescraft's Nightmare from 1981.

Michael Whelan: Lovescraft's Nightmare
Heritage is known as the No. 1 source for classic pin-up art and heading a stellar group of high-end examples is Gil Elvgren's Lucky Dog from 1958, considered the best ever painted by the king of the genre. A rare and jaw-dropping pin-up masterpiece by Alberto Vargas titled Varga Girl (Redhead with Black Cat) from 1919 was so appreciated by the artist that it was one of the few he retained for his personal collection. More information about illustration art auctions.

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Martin Luther King, Jr.'s Handwritten Notes, Writings And Correspondence Realize $130,000+

NEW YORK — An unprecedented trove of material relating to the Reverend Dr. Martin Luther King, Jr., the most famous and influential name in America's storied Civil Rights Movement in the 1950s and 1960s realized more than $130,000 on Oct. 17 at Heritage Auctions in New York as part of the company's Historical Manuscripts event.

The material, more than 100 artifacts in all, were consigned to auction after more than half a century in the possession of 88-year-old Maude Ballou, Martin Luther King Jr.'s close friend and personal secretary.

The grouping included including King's handwritten notes on eight cards containing the outline of his famed 'Dexter Avenue Church Farewell Address,' circa 1960, which realized $31,250 as the top lot of the archive.

Other highlights include two letters that King write to Ballou from India, one from Bangalore and another from Bombay, while King was in India studying the Gandhi's philosophy of non-violence. The letters brought $18,750 and $17,500, respectively, along with two autograph draft chapters from his first book, Stride Toward Freedom, chapters III and IX, which both realized equal prices of $8,125.

Martin Luther King, Jr., and Maude Ballou's "Distinguished NAACP Volunteer" cards, with a letter from the NAACP, realized $3,250.

'This was simply an unprecedented auction of amazing, evocative material that provides a ground-level perspective of the civil rights struggle,' said Sandra Palomino, Director of Historical Manuscripts at Heritage Auctions. 'There was worldwide interest in the material and the emotional response to it was huge.'

More information about historical manuscripts auctions.

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March Of Dimes Signature Chefs Auction

Heritage Auctions is a proud sponsor of the 2013 March of Dimes Signature Chefs Auction. Heritage clients can get a sneak peek and chance to bid on 9 fabulous lots prior to the live auction on October 24. And, utilizing our Heritage Live! platform, even bidders outside the DFW area can still support the cause by bidding online during the live auction!

Enjoy yourself as top local chefs prepare their signature dishes to raise awareness and vital revenue to help March of Dimes prevent birth defects, premature birth and infant mortality. Join lead chef Kent Rathburn and more than 20 top local chefs as they prepare their signature dishes — all to honor stronger, healthier babies.

This auction is already open for bidding. Online bidding will close on October 23, 2013 at 10:00 PM CT with the live auction to be held 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 Signature Chefs Auction
More information about charity auctions.

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Colonel Sanders Collection Supporting KFC's Recipe for Hope Program and Benefiting Feeding America and World Food Programme

COLONEL SANDERS WEATHERVANE
Colonel Harland Sanders' secret recipe to a well-lived life included giving back to the community and helping those in need. This year, KFC will honor his legacy by raising money to feed the hungry through the auction of items from the "Colonel Sanders Collection" found in a Louisville, Kentucky vault.

Embracing the spirit of its founder, KFC's Recipe for Hope program raises awareness, volunteerism and funds for hunger relief agencies. Proceeds from the auction will benefit Feeding America and the World Food Programme. To date, KFC's and Yum! Brands' World Hunger Relief efforts have raised $115 million for hunger relief. The program is helping to provide 460 million meals and save the lives of millions of people around the world. hungertohope.com

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. What is another name for a British 4 pence coin?
       A) Double tuppence
       B) Groat
       C) Nickel
       D) Shilling
       E) Ticky


2. What was the first year that the S mintmark appeared on US coins?
       A) 1850
       B) 1854
       C) 1856
       D) 1861
       E) 1877



Last week's question:

1. Which of the following denominations has been struck with a W mintmark?
Correct Answer: C) Dime (52%).

2. What is the face value of a US one ounce platinum eagle?
Correct Answer: E) $100 (74%).

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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
November 1 - 3 US Coin Signature Auction - New York #1191
November 1 - 3 US Coin Signature Auction - New York #1191
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Sunday Internet Coin Auction Sunday Internet Coin Auction #131343
Closes October 20
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131343
Closes October 22
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Weekly World Coin Auction Weekly World Coin Auction #231343
Closes October 24
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Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141343
Closes October 22
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Signature Auctions
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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October 25 Vintage Guitars & Musical Instruments Signature Auction - Dallas #7088 October 25 Vintage Guitars & Musical Instruments Signature Auction - Dallas #7088
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October 26 Illustration Art Auction - New York #5145 October 26 Illustration Art Auction - New York #5145
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October 28 Colonel Sanders Collection #555 October 28 Colonel Sanders Collection #555
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November 1 Space Exploration Signature Auction - Dallas #6103 November 1 Space Exploration Signature Auction - Dallas #6103
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November 2, Modern & Contemporary Art- Dallas #5146 November 2, Modern & Contemporary Art- Dallas #5146
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November 2 Photographs Signature Auction - Dallas #5153 November 2 Photographs Signature Auction - Dallas #5153
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November 5 Fine Silver & Vertu Signature Auction - Dallas #5154 November 5 Fine Silver & Vertu Signature Auction - Dallas #5154
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November 7 - 9 Sports Collectible Catalog Auction - Dallas #7085 November 7 - 9 Sports Collectible Catalog Auction - Dallas #7085
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November 8 European Art Signature Auction - Dallas #5142 November 8 European Art Signature Auction - Dallas #5142
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November 14 Western & California Art Signature Auction - Dallas #5148 November 14 Western & California Art Signature Auction - Dallas #5148
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November 21 Timepieces Signature Auction - New York #5156 November 21 Timepieces Signature Auction - New York #5156
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Other Internet Auctions
Sunday Internet Comics Auction Sunday Internet Comics Auction #121342
Closes October 20
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151342
Closes October 20
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161342
Closes October 20
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Tuesday Internet Watch & Jewelry Auction Tuesday Internet Watch & Jewelry Auction #171343
Closes October 22
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Weekly Internet Luxury Accessory Auction Weekly Internet Luxury Accessory Auction #251343
Closes October 22
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201343
Closes October 24
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