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This Week in Coin News November 9, 2013
In This Issue:
High-grade 1893-S Morgan leads $11.3+ Million auction in New York
Seldom Seen Selections: The only available proof 1818 quarter
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This Week's Top Ten
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Last Issue
High-grade 1893-S Morgan leads $11.3+ Million auction in New York
1893-S $1 MS64 NGC
1893-S $1 MS64 NGC
An 1893-S Morgan Dollar MS64 NGC, from the famously lowest mintage issue of any regular issue Morgan, brought $235,000 to take top lot honors at our U.S. Coin Signature® Auction November 1-3 in New York. High-grade silver coinage, gold rarities, and a 1943-S Bronze cent achieved the top prices at the event, which realized $11,353,383 with post-auction buys ongoing.

This was a deep auction with many coins performing well. When key rarities in high grades came up for bid, prices were strong regardless of series.

Leading the way was the 1893-S Morgan dollar, as eight bidders drove the price of the near-Gem example to $235,000. The 1893-S dollar's translates to a small supply that has to meet huge collector demand, particularly in Mint State grades.

Two more silver coins were close behind. An 1839 No Drapery half dollar, PR64+ PCGS Secure, CAC, is one of only five known proof examples and realized $223,250. A 1799 silver dollar with 7x6 Stars Obverse, B-12b/BB-160 variety, MS65 NGC, CAC, realized $211,500.

1839 No Drapery half dollar 1839 No Drapery half dollar
A pair of 19th-century gold highlights round out the top five prices realized. An 1861-S double eagle with Paquet Reverse, AU58 NGC, brought $176,250. An 1854 three dollar gold piece graded PR64+ Cameo PCGS, CAC, went for $164,500.

As with silver, the top gold lots show the importance of quality and rarity together. The 1861-S Paquet double eagle is one of the finest available and that showed in the price. Likewise, the proof 1854 three dollar was a very rare coin from the year it was struck, but it was condition that sent the price so high.

A 1943-S Bronze cent, struck in a copper alloy instead of steel and the top seller in The Geyer Family Collection, realized $141,000. An 1849 Mormon twenty dollar gold piece, Genuine PCGS, enjoyed pre-auction publicity from Salt Lake City's NPR affiliate and brought $85,187.50.

Just a few of the other highlights of this auction included:
1799 $1 7x6 Stars MS65 NGC. CAC 1799 $1 7x6 Stars MS65 NGC. CAC
1861-S $20 Paquet AU58 NGC 1861-S $20 Paquet AU58 NGC


Bidding is continuing on the November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction at HA.com/Coins, with our December 5 - 8 US Coins Signature Auction in Houston scheduled to open for bidding soon.

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Seldom Seen Selections: The only available proof 1818 quarter
1818 25C PR67 NGC. CAC
1818 25C PR67 NGC. CAC
Johann (John) Reich was appointed assistant engraver on April 1, 1807, working under the supervision of Robert Scot. Reich immediately began work on new designs for copper, silver, and gold coins. His Capped Bust design for the silver coins first appeared on half dollars in 1807, and on dimes in 1809. Quarter dollars featured the Reich design in 1815, and half dimes followed 14 years later in 1829. John Reich remained at his post as the assistant to Scot until March 31, 1817, then departed to pursue other opportunities, citing poor health and failing eyesight as the reason for his departure.

A fire at the Mint in January 1816 was followed by renovations that included improved equipment. Only cents were produced at the Mint for several months after the fire, including the balance of the year. Copper planchets were imported from England. Silver and gold coins required planchets made at the Mint, and the rollers, draw bench, and planchet cutters used to produce those planchets were among the equipment destroyed in the fire. The renovations included a brick building to replace the damaged building that housed the horse mill, and installation of a small steam engine to operate some of the equipment, resulting in finer quality coins. Certain earlier coins minted from 1793 to 1815 have the appearance of proof coins, and those pieces are normally termed Specimen coins. However, the first true proof coins appeared in 1817, following the improvements to the Mint equipment.

In 1817 only cents were minted in proof; in 1818 quarters, and half dollars were added. The mintage of proof quarters was extremely small, and only two of those quarters survive today. The survivor of lesser quality is part of the National Numismatic Collection at the Smithsonian Institution, and the finer piece is the Superb Gem proof that is offered as part of the Eric P. Newman Collection Part II. This piece last appeared for sale 123 years ago and has enjoyed just three owners of record since that time. This specimen was the plate coin in Ard W. Browning's 1925 reference, The Early Quarter Dollars of the United States, and it is the plate coin in Early Quarter Dollars of the United States Mint. It is also plated in Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins.

Original large size Capped Bust quarters are rarely encountered as proofs. The most plentiful date is the proof-only 1827 that also exists as later restrikes. The 1818 was the first proof in the series with only two examples known and just one available to collectors. Other years known in proof include 1820, 1821, 1822, 1823, 1824, 1825, and 1828. For all nine years combined, the estimated total surviving proof population is only 39 coins, plus a dozen 1827 Restrikes. Proofs are identified for 16 different die pairs in the series, and a complete collection, while technically impossible as the unique 1820 B-2 is in the Smithsonian Institution, would be quite an amazing sight. The Eric P. Newman 1818 B-8 proof is the first coin in both a year set of proofs, and a variety set of proofs, and is a necessary component of either collecting option.

As expected, this brilliant Superb Gem proof is struck from the early or perfect state of the Browning-8 dies. This amazing piece has fully mirrored fields around bold design motifs that show an impressive, full strike. The devices exhibit brilliant satin luster with steel-blue peripheral toning. Delicate gold and iridescent toning adds to the eye appeal of this amazing Capped Bust quarter.

Eric P. Newman Collection Part II Items being sold are from the extensive collection of 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 numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.


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Website Tips: Search Aids
Spell-Correct: Our targeted search feature automatically corrects your spelling and returns matching results:

  1. It shows the exact matches on what you typed first, in case you really were looking for an odd spelling.

  2. It uses the data from our actual items and descriptions to build its dictionary, so it works amazingly well with our collectibles. Try looking for the (intentionally misspelled) words "Nickle"and "Proofilke"!


Did You Mean? If the system detects that there are similar words to what you typed, it suggests those.

Did You Mean?

Now, in addition to our automatic spelling correction, we now also provide suggestions as you type your search query.

  1. The suggestions are based on actual search terms used on our site.
  2. These suggestions are category specific, so if you're on the coin site, you won't get suggestions based on comics or sports.
  3. We show the top five matches by frequency.


So when you type "mor", you get these suggestions on HA.com/Coins:

search on coins for mor

And these on HA.com/FineArt:

search on art for mor

Try it out!

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This Week's Top Ten
The eleven highest valued coins to sell in auctions taking place in New York:

Jewish War (66 - 70 AD). AR shekel Year 1. Hendin 1352. TJC 183 (this coin). AJC II 259,1 (this coin). Samuels 79 (this coin). gEF
Jewish War (66 - 70 AD). AR shekel Year 1. Hendin 1352. TJC 183 (this coin). AJC II 259,1 (this coin). Samuels 79 (this coin). gEF
  1. Jewish War (66 - 70 AD). AR shekel Year 1. Hendin 1352. TJC 183 (this coin). AJC II 259,1 (this coin). Samuels 79 (this coin). gEF. Realized $1,105,375
  2. Titus as Caesar (79 - 81 AD). AV aureus. Undated c. AD 70, Judaea or Antioch. RPC 1912 var. BN 384. RIC 175,1535. gEF. Realized $956,000
  3. Jewish War (66 - 70 AD). AR quarter-shekel. Year 1. Hendin 1356 (this coin). TJC 186 (this coin). AJC II 260,7 (this coin). Samuels 83 (this coin). ChVF. Realized $896,250
  4. Canada: 1911 Pattern Dollar DC-6 SPECIMEN 65 PCGS. Realized $690,000
  5. China: People's Republic 10kg gold 100000 Yuan 2008, KM1842, Gem Proof. Realized $575,000
  6. Canada: George V Cent 1936 Dot, KM28, Specimen 66 Red PCGS. Realized $402,500
  7. Mexico, Carlos and Joanna 8 Reales ND (1538). XF. Realized $373,750
  8. Jewish War (66 - 70 AD). AR half shekel. Year 4. Hendin 1365. TJC 209. AJC 262,25. Samuels 980 (this coin). EF. Realized $358,500
  9. Australia: George V Proof Set 1934, KM-PS11, 6 pieces, halfpenny through florin. Realized $276,000
  10. Vespasian (69 - 79 AD). AE sestertius. AD 71 Rome. Hendin 1500b. RIC 71,161. BMC 543. gEF. Realized $262,900
  11. Jewish War (66 - 70 AD). AR shekel. Year 5. Hendin 1370. TJC 215. AJC 263,31. Samuels 94 (this coin). VF. Realized $262,900
The MS64 1893-S dollar sold last week in New York was the final coin left out of this list, and is the highest priced US coin to sell in a Heritage auction in New York. However, we already know that two coins in the Selections From The Eric P. Newman Collection, Part II Signature Auction will make this list as soon as the hammer falls, including the MS67+ 1796 quarter, which will be destined for the top spot unless another coin in the same auction surpasses it. Several other coins in the same auction are close and may eventually make this list when live bidding is complete. Stay tuned for more!

Do you have a suggestion for a future top ten list? Send it to us!

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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.

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

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Around Heritage Auctions
Frederic Remington's The Outlaw No. 5 may bring $800,000

FREDERIC REMINGTON (American, 1861-1909). The Outlaw #5
Frederick Remington's The Outlaw No. 5, an important cornerstone of frontier art and sculpture, is estimated to bring $800,000 in Heritage Auctions' Nov. 14 Western and California Art Signature® Auction in Dallas. Considered one of Remington's most dynamic sculptures, the bronzehighlights more than 130 lots of fine art by Thomas Hill, Carl Rungius, Edgar Payne, Leon Gaspard, Guy Rose, Birger Sandzén, William Robinson Leigh, and G. Harvey.

With just 15 original casts produced during Remington's lifetime, The Outlaw No. 5 reflects the artist's obsessive attention to detail and fervent passion for the American cowboy. The cast appearing at Heritage is numbered "No. 5" beneath the base with foundry marks identifying the work as being made by Roman Bronze Works. N.Y. A sizeable portion of the proceeds from the sale of The Outlaw No. 5 will support the University of Arizona Honors College scholarship fund.

"The foundry's ledger entry, which documented payment received, has overshadowed the history of this important casting of one of Remington's rarest subject matters," said Kirsty Buchanan, Associate Director of Western Art at Heritage. "We are indebted to Mr. Michael Greenbaum and Mr. Thomas Smith (of the Denver Art Museum) for their assistance in researching this historic work of Frederic Remington."

GUY ROSE (American, 1867-1925). Out to Sea, Point Lobos
The sculpture highlights a far-reaching treasury of art celebrating the last American frontier starting with Out to Sea, Point Lobos by Rose, which could sell for $200,000+ and Elk by Carl Clemens Moritz Rungius, which is expected to bring $60,000+.

Siberian Girl (No. 14) was discovered during a Heritage Appraisal Days event after it had spent much of the 20th century in a gloomy Chicago basement. The owner declared no one in the family liked the painting and it nearly ended up in the trash before Heritage's experts identified it as a work by Leon Gaspard, a Russian-born artist and one of the greatest portraitists of the modern era. The painting is expected to sell for $20,000+.

A watercolor by William Robinson Leigh titled The Mesa Trail, are both conservatively estimated to bring $10,000+ and Henry Herman Cross's portrait of Rain in the Face, Sioux Chief, the Native American credited with killing Gen. George Custer, is expected to sell for $8,000+.

THOMAS HILL (American, 1829-1908). Yosemite, 1889
The auction offers a seamless transition between Western Art and California Art 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+.

"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 with a $40,000+ estimate. "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."

In addition, Millard Sheets' West Coast of Japan near Izumi is expected to bring $6,000+ and Edwin Deakin's historically significant work Fort Point, San Francisco, 1876 may fetch $4,000+.

More information about Western and California Art auctions.

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Sioux Boy's Beaded Hide Shirt From The Pasvolsky Collection Highlights American Indian Art Auction

Sioux boy's pictorial beaded and fringed hide shirt. c. 1875
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 $30,000+

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 two decades.

"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."

Pair of Southeast Beaded Hide Moccasins
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.

More information about American Indian Art auctions.

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Instant Quiz
Trivia

1. Which of the following coins has a denomination expressed entirely as a fraction?
       A) 1792 half disme
       B) 1796 half dollar
       C) 1809 cent
       D) 1809 half dollar
       E) 1836 half dollar


2. Which of the following coins is nicknamed "Little Orphan Annie"?
       A) 1793 chain cent
       B) 1809/8 half eagle
       C) 1844 dime
       D) 1870-S $3
       E) 1995 Special Olympics dollar



Last week's question:

1. Which of the following coins was not struck in two completely different types?
Correct Answer: C) 1916-D dime (48%).

2. Which denomination has varieties cataloged by Sheldon numbers?
Correct Answer: B) Large cents (64%).


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Is it Time to Sell?
An unparalleled consignment opportunity awaits you as Heritage proudly presents the Official Coin and Currency Auctions of the 2014 Convention of the Florida United Numismatists. We are now in our third decade of unrivaled success in partnership with this lauded convention. Take advantage of the robust numismatic market and consign alongside the more than $50 million of important coins and notes that have already been consigned.

The November 25 consignment deadline for US coins is fast approaching. Call our Consignment Hotline at 1-800-872-6467 x1000 today!

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando
Consignment Deadline: November 25, 2013

2014 January 8 - 14 Currency Signature Auction - Orlando
Consignment Deadline: November 18, 2013

2014 January 5 - 6 World & Ancient Coin Signature Auction - New York
Consignment Deadline: November 8, 2013

David Mayfield
Vice President, Numismatic Auctions
David@HA.com
1-800-US-COINS ext. 1000

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Current Auctions
Coin Auctions
November 15 - 16 Selections from the Eric P. Newman Collection, Part II Signature Auction - New York #1190
November 15 - 16 Selections from the Eric P. Newman Collection, Part II Signature Auction - New York #1190
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Sunday Internet Coin Auction Sunday Internet Coin Auction #131346
Closes November 10
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131346
Closes November 12
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Weekly World Coin Auction Weekly World and Ancient Coin Auction #231346
Closes November 14
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Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141346
Closes November 12
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Signature Auctions
November 7 - 9 Sports Collectible Catalog Auction - Dallas #7085 November 7 - 9 Sports Collectible Catalog Auction - Dallas #7085
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November 11 First Sight, First Night Designer Dress Auction Benefiting The Dallas Opera #553 November 11 First Sight, First Night Designer Dress Auction Benefiting The Dallas Opera #553
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November 11 Doodle for Hunger Sports Celebrity Art Benefiting St. Francis Food Pantries and Shelters #543 November 11 Doodle for Hunger Sports Celebrity Art Benefiting St. Francis Food Pantries and Shelters #543
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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 15 American Indian & Pre-Columbian Art Signature Auction - Dallas #5161 November 15 American Indian & Pre-Columbian Art Signature Auction - Dallas #5161
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November 16 Texas Art Signature Auction - Dallas #5147 November 16 Texas Art Signature Auction - Dallas #5147
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November 16 - 17 Vintage Movie Posters Signature Auction - Dallas #7083 November 16 - 17 Vintage Movie Posters Signature Auction - Dallas #7083
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November 20 & 24 Animation Art Signature Auction - Beverly Hills #7086 November 20 & 24 Animation Art Signature Auction - Beverly Hills #7086
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November 21 Domain Names Signature Auction #1115 November 21 Domain Names Signature Auction - New York #1115
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November 21 6th Annual Vine & Dine Auction Benefiting Ability Connection Texas #554 November 21 6th Annual Vine & Dine Auction Benefiting Ability Connection Texas #554
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November 21 Timepieces Signature Auction - New York #5156 November 21 Timepieces Signature Auction - New York #5156
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November 21 Timepieces Signature Auction - New York #5164 November 21 Timepieces Signature Auction - New York #5164
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Special Shipping Restrictions Apply
November 21 - 23 Comics Signature Auction - Beverly Hills #7084 November 21 - 23 Comics Signature Auction - Beverly Hills #7084
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November 23 Contemporary Art - Property of a Distinguished Gentleman Signature Auction - Dallas #5167 November 23 Contemporary Art - Property of a Distinguished Gentleman Signature Auction - Dallas #5167
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November 23 - 24 Political & Americana Signature Auction #6106 November 23 - 24 Political & Americana Signature Auction - Dallas #6106
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November 24 Legends of the West Signature Auction - Dallas #6110 November 24 Legends of the West Signature Auction - Dallas #6110
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December 4 Tiffany, Lalique & Art Glass Signature Auction - New York #5152 December 4 Tiffany, Lalique & Art Glass Signature Auction - New York #5152
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December 5 The Art of New York Signature Auction - New York #5158 December 5 The Art of New York Signature Auction - New York #5158
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December 5 American Paintings, Drawings & Sculpture Signature Auction - New York #5149 December 5 American Paintings, Drawings & Sculpture Signature Auction - New York #5149
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December 6 Entertainment Signature Auction - Dallas #7082 December 6 Entertainment Signature Auction - Dallas #7082
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December 9 Fine Jewelry Signature Auction - Dallas #5150 December 9 Fine Jewelry Signature Auction - Dallas #5150
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December 10 - 11 Holiday Luxury Signature Auction - Dallas #5151 December 10 - 11 Holiday Luxury Signature Auction - Dallas #5151
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Other Internet Auctions
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151345
Closes November 10
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161345
Closes November 10
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Sunday Internet Comics Auction Sunday Internet Comics Auction #121345
Closes November 10
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Weekly Internet Luxury Accessory Auction Weekly Internet Luxury Accessory Auction #251346
Closes November 12
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Tuesday Internet Watch & Jewelry Auction Tuesday Internet Watch & Jewelry Auction #171346
Closes November 12
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201346
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Monthly Internet Wine Auction Monthly Internet Wine Auction #221345
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