The World's #1 Numismatic Dealer
This Issue Of Classical Coin News
||November 8, 2013
November is here, with a blast of autumnal chill, bringing with
it-surprise — the November edition of Heritage's Classical Coin
November 14 All-Ancients Auction
New York International Signature Auction,
January 5-6, 2014
Pompeia's Pick: A 'Colossal' Coin of
|By Lorie Ann
Rhodes was one of the great maritime cities of the Greek world,
located on a spearhead-shaped island of the same name in the
eastern Aegean Sea.
Myth has it the island was born of a union between the sun god Helios
and the nymph Rhode, who gave her name to the island and a
beautiful pink hibiscus flower native to it. The city of Rhodes was
a relatively late foundation, circa 408 BC, when citizens of three
other cities located on the island decided to unite and build a
well-defended coastal capital on a regular plan provided by the
Athenian architect Hippodamus.
The Carian Satrap Maussolus brought Rhodes under his control in 357
BC, but two decades later it was "liberated" by Alexander the
Great. During the Wars of the Diodachi, Rhodes was an independent
power allied to Ptolemaic Egypt and famous for its outstanding
artists, scientists and philosophers.
In 305 BC, the Macedonian adventurer Demetrius, son of Antigonus,
launched a stupendous siege of Rhodes in an effort to break its
alliance with Egypt (he later became known as Demetrius Poliorcetes
— "besieger of cities" for his Herculean efforts). Among the
engines he constructed for the task was the enormous Helepolis, an
ironclad siege tower festooned with torsion catapults and weighing
160 tons. Despite his massive preparations and investment,
Demetrius was thwarted by the ingenious Rhodians and abandoned his
siege within a year.
The Rhodians gladly took possession of his
mammoth engines and sold them for a tidy profit of 300 talents (1.8
million Attic silver drachms), which they used to erect the first
truly monumental bronze statue of antiquity, the famous Colossus of
Rhodes. The master builder-sculptor, Chares of Lindos, conceived a
100-foot-tall bronze statue of the sun god Helios, wearing a
radiate crown, his arm holding a torch aloft. Consisting of an iron
framework covered by thin bronze sheets (not too different from the
modern Colossus, the Statue of Liberty), the Colossus was begun in
292 BC and finished a dozen years later.
The handsome face of Helios had already found its way onto Rhodes'
coinage, as this example
(struck somewhat before the Colossus was built), boldly depicting
the god looking straight out at the holder. His features likely
owed something to the island's late, lamented liberator, Alexander
the Great, including the conqueror's famous lion-like mane of hair
with its central part.
The Colossus itself caused a sensation in the Ancient world and was
immortalized as one of the "Seven Wonders of the World" by Greek
chroniclers including Antipator of Sidon and Philo of Byzantium.
Alas, the great statue had a brief lifespan of 54 years. A
disastrous earthquake struck Rhodes in 226 BC and the Colossus,
built long before any concept of seismic-safe construction, snapped
off at the knees and toppled over.
Ptolemy III of Egypt offered to pay for its reconstruction, but the
Rhodians decided to heed the words of the Oracle of Delphi, who
declared the statue an act of hubris that had offended Helios. Its
spectacular ruins lay scattered near the harbor, by one account,
until after the Muslim conquest of Rhodes in AD 653. According to
an account (possibly apocryphal) by Theophanes the Confessor, the
city's Arab conquerors sold the remains to a Jewish merchant of
Edessa, who needed 900 camels to transport the heavy metal to his
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What Happened In Ancient November?
|November 1, 82
BC: Romans successfully defend against a Sabine attack on the
November 2, AD 472: West Roman Emperor Olybrius dies after
an inconsequential reign of 6-8 months.
November 4, 1922: Howard Carter discovers the tomb of
Tutankhamen in Egypt.
November 6, AD 15 or 16: Agrippina the Younger born to
Germanicus and Agrippina the Elder.
November 7, 63 BC: Cicero avoids assassination attempt by
the Cataline conspirators.
November 8, AD 35: Future emperor Nerva born.
November 8, AD 393: Emperor Theodosius I bans all pagan
November 13, AD 354: Saint Augustine of Hippo born.
November 14, AD 565: Emperor Justinian I the Great dies.
November 16, 42 BC: Future Emperor Tiberius born.
November 17, 3 BC: Birthdate of Jesus of Nazareth, according
to Clement of Alexandria.
November 17, AD 9: Future Emperor Vespasian born.
November 17, AD 375: Emperor Valentinian I dies of
November 20, AD 284: Diocletian proclaimed Emperor.
November 21, 53 BC: Marcus Licinius Crassus killed by the
Parthians at Carrhae.
November 27, 8 BC: Roman poet Horace dies.
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Coin and Numismatic Domain Name
As you may know, Heritage Auctions is
holding our inaugural
auction of domain names and intellectual property. This is
a new category for Heritage Auctions, and it's being directed
by Aron Meystedt, who is very familiar with domain name valuations
There are a few names in our first auction that
may appeal to you in the coin and numismatic category. Many of
these names are perfect for company branding, industry news or a
Reserve prices will be posted on November 14th, so there
will be no surprises. Most reserve prices will be twice the opening
bid amount. Bidding is open until November 21st.
Click here to see
Website Tips: Bid Protect (exclusive to Heritage
Tired of losing lots by one increment? Now,
you can choose to add Bid Protection to any lot when you place a
proxy bid through Heritage Live. If your proxy
bid is outbid, Bid Protection will automatically increase your bid
by one additional increment, giving you an additional chance to
win. You can use Bid Protection on all items available for proxy
bidding through Heritage Live, except for the current
lot and the next upcoming lot.
There are three ways that you can add Bid Protection to your
Heritage Live Proxy bids. If you are bidding before the live
auction or from the LiveProxy Bidding tab, just click on the Bid
Protection box next to your bid or bids, then click the Bid
If you've clicked on the link to the lot description, enter your
bid, check the box below your bid amount, and click on the "Bid
Finally, you can go to the MyBids/MyTrackedLots tab and add or
remove Bid Protection at any time, even for items on which you've
already placed LiveProxy bids. In addition, the status column will
point out all items where you have Bid Protection.
Bid Protection is designed to add one additional increment to your
bid, if it is needed to try to win the lot. It is not protection
against much higher Internet or proxy bids.Find out more with our
Frequently Asked Questions
As you can see from our recent track record,
Heritage Ancients is really starting to achieve some amazing
results! If you have any thought of selling your collection, there
is no better time than the present and no better venue than
Heritage! Our rates are highly competitive and we offer top-notch
cataloguing, exceptional photography and production values, an
incomparable database of more than 800,000 potential buyers, and a
matchless promotions/PR department that will make sure
everyone knows about your collection. Please contact Dave
Michaels, Director of Ancient Coins, via email at DMichaels@HA.com or phone at (310)
Until next month!
Veritas et vita,
David S. Michaels
Director of Ancient Coins
1-800-872-6467 ext. 1606
Consign to a Heritage
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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
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 &
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
If you are interested and feel you have the qualifications we
seek, please email your resume and salary history to
- 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
We are also seeking to fill the following corporate positions:
If you are interested in applying for one of these 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
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Disney, Hanna-Barbera, The
Beatles And Charlie Brown In 1,400+ Lot Animation Auction
Two rare Disney treasures — a 1940 Walt Disney
Pinocchio hand-painted Key Master production cel and
background featuring Geppetto, Pinocchio and Figaro and
a 1959 masterpiece
Sleeping Beauty Pan Production background attributed to
legendary animator Eyvind Earle — and the first cartoon drawn
for a studio by animation legend Joe Barbera are the anchors in
Heritage Auctions' upcoming Nov. 20 Animation Art Signature®
Auction and could all bring more than $25,000 apiece.
"We knew that we had to follow-up our $1+ million inaugural auction
in February with something spectacular," said Jim Lentz, Director
of Animation Art at Heritage. "I'm confident we have. This auction
features something from every corner of animation, from Disney to
Bugs Bunny to The Beatles, Peanuts, Windsor McKay, Hanna-Barbera
and well beyond, spanning every era in animation history."
The 1940 Pinocchio,
Geppetto and Figaro Hand-Painted Key Master Set Up cel is one
of a small group of surviving three-character production cells from
the landmark Disney cartoon, with this set-up being among the
finest Heritage catalogers have seen while the epic, museum-quality
Eyvind Earle Sleeping Beauty Background is a
breathtaking example of the master's finest work. The majority of
every background in the film was hand-painted by Earle himself,
many of which took 10 days to complete.
Joe Barbera's first
cartoon drawn for a studio in 1935 for Tery Toons, at 43 pages
long, represents the first cartoon script written by the legend and
the beginning of a career that would influence millions of kids
across a 50 year career. This humble Kiko The Kangaroo story
opened the door for the man that would bring the world Yogi
Bear, Top Cat, The Flintstones, The Jetsons, Superfriends, Grape
Ape and hundreds more cartoon characters.
Another key component of the Nov. 20 auction is a grouping of more
than 50 never-before-seen pieces of rare production artwork from
the momentous 1968 animated Beatles film Yellow Submarine.
The chief lot of the grouping is a superb and very rare Color Model Cel featuring
all four of The Beatles in the full 1960s psychedelic glory of
their animated avatars' "everyday outfits" as worn in the film.
It is estimated at $12,000+.
There is no arguing that Charles Schulz's Peanuts is the
most influential comic strip in history, or that Charlie Brown's
impact on cartoons was any less spectacular. In that vein, the Nov.
20 auction presents what can only be viewed as the birth of that TV
juggernaut with the offering of a superb range of
material from the Peanuts Gang's first animated appearances in the
1959-1962 Ford Falcon ad campaign, with a Sequence Production Cel Set-up featuring
Charlie Brown and Schroeder being a prime example from the
period. The cel is expected to bring $5,000+.
More key modern lots include a 1966 "How the Grinch
Stole Christmas" Key Master Set Up cel, from the Chuck Jones
Archives, estimated at $10,000+, featuring a classic moment
from the beloved cartoon with the Grinch looking down at poor Max
the dog over the lip of his sled, and a very early and rare
Ullman Show key master Set Up cel from the first season episode
"House of Cards." It is estimated at $2,500+.
More information about Animation Art auctions.
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MutualFunds.Com Tops Heritage Auctions' Inaugural
Domain Name & Intellectual Property Auction
The domain name
MutualFunds.com, potentially valued at well more than $1
million, is being offered by New York Times best-selling author
Marc Ostrofsky, as the centerpiece of Heritage Auctions' inaugural
Domain Name &
Intellectual Property Signature® Auction, with bidding now open
until the live auction event on Nov. 21.
The auction marks the first time that a major, mainstream auction
house has entered the market for domain names.
"Millions of dollars of Domain Names are traded every single month
that the public isn't aware of," said Aron Meystedt, the Founder
and Director of the Domain Names & Intellectual Property
category at Heritage. "Now, for the first time, the broader public
is going to have the opportunity to experience the market
firsthand. Digital assets offer a global opportunity unlike any
other to the right buyer or business; they offer a different kind
of asset and a different way to think about collecting
Important one and two word domain names have a
long history of selling for well more than seven figures, including
$11 million for Hotels.com, $9.9+ million for Fund.com, $7.5
million for diamond.com and $5.1 million for Toys.com. Now, with
the Nov. 21 auction at Heritage, MutualFunds.com stands poised to
join those names in the top tier, in front of a global
"If you're an investment business, a bank, or a single investor or
collector looking for one of the prime domain names that will ever
be made broadly available to the public," said Ostrofsky,
"MutualFunds.com is the preeminent domain you could possible want
to own. It has staggering potential for the right owner."
Domain names, as the foundation of an Internet presence for
businesses, personalities and ideas, have become increasingly
important in modern society for anyone looking to establish a brand
and control relevant information. As such, URLs with relating to
broad ideas — such as Animation.com,
Bicycle.com, or DVDs.com, all in this
auction — or those with just two letters to them — QR.com or NL.com, also both in
the Nov. 21 event — will be highly sought after by both businesses
"Domain names are purely digital, have virtually zero carrying
costs and they offer the ability to generate passive revenue while
you hold them," said Meystedt. "This is digital Real Estate. It's
an investment that will never need a new foundation or a new roof
but will remain evergreen in the eyes of buyers and sellers,
especially if you are lucky enough right now to get your hands on a
one or two word or letter dot-com, which are the gold standard when
it comes to these investments."
More information about Domain Names & Intellectual Property
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Sioux Boy's Beaded Hide Shirt From The Pasvolsky
Collection Highlights American Indian Art
A grandfather's long-ignored collection of Indian art and
artifacts could bring a New Jersey family more than $125,000 when
203 lots from the famed Valentine "Val" Pasvolsky cross the block
Nov. 15 at Heritage Auctions. The American Indian Art
Signature® Auction is led by a rare Sioux Boy's Pictorial
Beaded and Fringed Hide Shirt, with a note on the hide tying it
to the Battle of Little Big Horn, which is estimated to bring
It wasn't until Delia E. Sullivan, Director, Senior Specialist of
American Indian Art at Heritage, opened the boxes that Pasvolsky's
grandchildren realized just how important the collection truly was.
Sullivan was the first specialist to see the collection in nearly
"It's likely the hobby won't see another collection like this for a
decade or more," Sullivan said. "There are some really wonderfully
important things in this collection. A find like this only happens
once or twice in a career."
Tucked away for decades was a Pair of Southeast Beaded
Hide Moccasins, estimated to bring $20,000+, a Crow Painted Parfleche
Medicine Case, which could sell for $7,000+, and a Plateau Beaded Hide
Cradleboard, which could bring $8,000+.
Pasvolsky was an U.S. Army sergeant when he made a name for himself
from the 1950s through the 1970s as a generous and ambitious
numismatist who regularly took top honors in coin shows throughout
New England, Canada and the U.K. He was honored by the American
Numismatic Association in 1975. His passion for both numismatics
and American Indian art started shortly after immigrating to the
United States from Russia at age 14. He collected primarily between
the 1930s and 1970s. His collection includes rarities from across
North America, with particular emphasis on tribes of the North East
with selections of South American tribal art as well. At one point,
Pasvolsky made headlines nationwide for owning a vest worn by the
Apache Chief Geronimo.
By the early 1960s, he and his wife had turned an 18-room house in
Lakewood, N.J. into The Indian Village Museum & Trading Post, a
roadside attraction and museum. Pasvolsky regularly brought his
entire family to county fairs, schools and scout troop meetings,
complete with a tee-pee and full headdress, shirts and pants.
Highlights from the 203 lots from The Valentine Pasvolsky
Collection also include:
Additionally, the Nov. 15 auction presents a strong selection of
early art and pre-Columbian pieces, to include a rare Prairie Grizzly Bear
Claw Necklace, circa 1835, which could sell for $20,000+, a
large Veraguas Gold
Pendant representing an eagle, circa 900-1200 AD, and estimated
to bring $18,000+, and an Eastern Woodlands Carved
Wood Belt Cup, circa 1760 and depicting two beavers, a sailing
ship and two flintlock guns, which could hammer for $10,000+.
- A collection of 16 rare studio portraits
of Crow Indians, mounted on board, originating from Montana,
1909. Estimate: $3,000+.
- An Apache Beaded Hide Male
Doll with painted and beaded facial features, circa 1885.
- A Santee Sioux Beaded Hide
Vest, circa 1890, decorated on the front with abstract
floral/foliate motifs stitched in shades of blue, green, yellow,
and pink. Estimate: $4,000+.
- A Blackfoot Beaded Hide
Shirt, circa 1915, with eight-point stars alternating with
"fringed" hourglass motifs. Estimate: $8,000+.
Among the notable collections in the auction is a group of American
Indian art formerly owned by artist Eanger Irving Couse, including
an Apache Coiled Storage
Jar, circa 1920, estimated to sell for $2,000+, and a Santa Clara Blackware Pitcher, circa 1910,
and once used as a model in hundreds of paintings by the artist, is
expected to bring $1,000+.
More information about American Indian art auctions.
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