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In This Issue:
Eric P. Newman Collection Part II sells for $23.3+ million
Seldom Seen Selections: Near-Gem 1915-S half eagle
Casino chip rarities in November 24 Legends of the West auction
Top Ten
Employment Opportunities
Around Heritage Auctions
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Is it Time to Sell?
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November 23, 2013
Newsletter Archive
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Eric P. Newman Collection Part II sells for $23.3+ million
1796 25C MS67+ NGC. CAC. B-2, R.3
1796 25C MS67+ NGC. CAC. B-2, R.3
Bidders from around the world paid $23.3 million at Heritage Auctions to buy rare, early American coins from the collection of 102-year old St. Louis, Missouri numismatist Eric P. Newman, who paid approximately $7,500 to acquire them starting in the 1930s.

The star of the night, and of the collection, was Newman's 1796 25C, MS67+ ★NGC, CAC, Ex: "Col." E.H.R. Green, the finest known surviving example of a quarter-dollar struck in 1796, the first year the denomination was produced by the United States Mint. Described in the auction catalog as "the most beautiful American silver coin that exists today," it was originally purchased by Newman for $100 and sold for a record price of $1,527,500. 

All proceeds from the auction will benefit the Eric P. Newman Numismatic Education Society (EPPNES), a non-profit educational foundation. Proceeds 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 EPNNES for public purposes.

Eric P. Newman began buying and studying the finest high-quality and rare United States coins he could acquire starting about 90 years ago. The return on his investment is about 310,000%, but it's the knowledge that he acquired about early American money, and subsequently shared with collectors through his writings over the years, that is truly priceless. Newman is a retired St. Louis lawyer and business executive, and is very well-known in numismatics as a collector, researcher and award-winning author. He began collecting coins at the age of seven.

Heritage had estimated the auction of 1,800 coins would bring approximately $15 million. Determined bidders attending the auction in New York, however, in competition with online and phone bidders, pushed the total to more than $23 million.

It's the first time collectors and dealers had a chance to own some of the finest-known early American and 19th century U.S. coins that had been off the market for over a half century in Mr. Newman's collection. He acquired many of them in the 1940s from the estate of 'Col.' E.H.R. Green, whose wealthy mother, Hetty Green, was known as 'The Witch of Wall Street.'"

Newman's 1795 $1 Draped Bust, Off Center MS66+ ★NGC CAC, Ex: "Col." E.H.R. Green, an absolutely stunning and pristine example, brought $910,625, while Newman's 1799 $1 7x6 Stars MS67 NGC, Ex: "Col." E.H.R. Green, the finest-known 1799-dated U.S. silver dollar, was purchased for $822,500.

Just a few of the many other highlights of this collection included:

 

This was the second auction of items from the Newman collection. This past April, 159 coins, mostly patterns, brought $4 million in an auction also conducted by Heritage Auctions. The next auction, consisting of world coins, is set for January 14-16 in New York.
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Seldom Seen Selections: Near-Gem 1915-S half eagle
1915-S $5 MS64+ NGC.
1915-S $5 MS64+ NGC.
The 1915-S Indian half eagle is an elusive date in all grades and one of the most challenging issues of the series at the MS64 level. Even the famous 1909-O and the key 1911-D are not as rare in Gem condition. In his catalog of the Dr. Thaine B. Price Collection David Akers remarked:
The 1915-S is one of the rarest and most important issues in this very difficult series. Even in the most minimal Uncirculated grades, the 1915-S is a very scarce issue. However, rarity increases significantly as grade increases and, in Choice Uncirculated or better condition, the 1915-S Half Eagle is one of the premier rarities among all Twentieth Century United States gold coins. The mintage was not particularly small since 164,000 were struck, but like most San Francisco Mint issues, it is clear that they were largely put into circulation and few were saved as (keepsakes).
Apparently the half eagle was not an important denomination in the national economy during the World War I era. Half eagles were produced exclusively at the San Francisco Mint in 1916, with a nominal production total of 240,000 pieces, after which the denomination was not struck again until 1929.

Our Houston US coin auction features a high-end Choice specimen (3861) with well-preserved yellow and rose-gold surfaces that show only minor signs of contact. The design elements are sharply detailed in most areas, but there are signs of die buckling near the rims and the mintmark is slightly deformed. At MS64+, this coin ranks near the pinnacle of all certified examples. NGC has graded only 10 coins in MS64 regardless of the plus designation, with one finer, while PCGS has graded no specimens better than MS64
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Casino chip rarities in November 24 Legends of the West auction
We just wanted to call your attention to a small, but choice selection of casino chips in our November 24th Legends of the West auction this Sunday. Here are links to several stand-out items.

If you have significant chips you wish to sell, please contact Tom Skater at 1-800-872-6467 Ext. 1441, or by email at TomS@HA.com to discuss consigning to our spring 2014 auction.
Las Vegas Casino Chips: Desert Inn $25 Chip
Las Vegas Casino Chips: Desert Inn $25 Chip
Las Vegas Casino Chips: Desert Inn $5 Chip
Las Vegas Casino Chips: Desert Inn $5 Chip
Las Vegas Casino Chips: Sands $5 Hourglass
Las Vegas Casino Chips: Sands $5 "Hourglass"
Las Vegas Casino Chips: Flamingo $5 Chip
Las Vegas Casino Chips: Flamingo $5 Chip
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Top Ten
The ten highest valued Franklin half dollars to sell in Heritage Auctions, one per issue:
  1. 1953 50C PR68 Ultra Cameo NGC. Realized $63,250
  2. 1953-S 50C MS66 Full Bell Lines PCGS. Realized $35,075
  3. 1951-S 50C MS67 Full Bell Lines PCGS. Realized $30,550
  4. 1950 50C MS67 Full Bell Lines PCGS. Realized $28,750
  5. 1960 50C PR69 Deep Cameo PCGS. Realized $27,600
  6. 1961 50C PR69 Deep Cameo PCGS. Realized $27,600
  7. 1963 50C MS66 Full Bell Lines PCGS. Realized $27,025
  8. 1950 50C PR67+ Cameo PCGS. Realized $24,150
  9. 1954 50C PR68 Deep Cameo PCGS. Realized $23,000
  10. 1954-D 50C MS67 Full Bell Lines PCGS. Realized $21,275


Do you have a suggestion for a future top ten list? Send it to us!
1953 50C PR68 Ultra Cameo NGC
1953 50C PR68 Ultra Cameo NGC
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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
  • Consignment Coordinator
  • Currency Consignment Director
  • e-Publishing Expert
  • Interns
  • Maintenance Assistant
  • Nature & Science Auction Coordinator
  • Operations Assistant
  • Web Content Specialist
  • Web Content Specialist part-time
  • 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
Jesse James' Colt .45 Revolver May Bring $400,000+ At Heritage Auctions

The Most Thoroughly Documented Jesse James Gun Ever to Appear at Auction: Colt Single Action .45 Caliber Revolver, Identified
Jesse James' personally owned Colt Single Action .45 Caliber Revolver, as seen in photos and identified by three generations of the James family as the weapon used by the infamous outlaw, is expected to lead an important selection of extraordinary and fresh-to-market objects in Heritage Auctions' Legends of the West Signature Auction Nov. 24 in Dallas.

First displayed by Jesse James, Jr. in a 1923 exhibition of guns and related items owned by his father, the classic Colt has a well-documented, continuous chain of ownership from that point forward. In light of the gun's rarity and historical significance, Heritage has set the lot's minimum opening bid at $400,000, said Tom Slater, Director of Americana at Heritage Auctions.

"There is just no way to predict what a gun like this might fetch at auction," Slater said. "It is truly a once-in-a-lifetime opportunity."

The Most Thoroughly Documented Jesse James Gun Ever to Appear at Auction: Colt Single Action .45 Caliber Revolver, Identified
The pistol left Jesse, Jrs.' possession in 1924, along with another of his father's pistols, when it was given as security for an unpaid medical bill. Jessie's wife later travelled from their home in California in an effort to reclaim the guns, and when that effort failed, she filed an unsuccessful suit against the doctor in question. In 1940 their daughter, Jo Frances James, made another attempt to reclaim the guns, by then in the possession of Missouri U.S. Senator Harry Hawes."

The pair had come to the attention of industrialist Henry Ford, probably as a result of their display at the Missouri Pavilion at the New York World's Fair. Jo Frances sought to have Ford bring pressure on Hawes to relinquish Jesse's guns, even offering to let him have one of them for his museum of American history if he could prevail on the Senator to relinquish them.

"Hawes stood firm, however, and the guns subsequently passed to another Missouri political figure, Congressman Frank W. Boykin," Slater said. "They remained in his family until 1975, but became separated when Boykins' son sold the Colt now offered by Heritage to another Michigan industrialist, William Mitchell, who was amassing an important collection of guns with historical connections. It was in Mitchell's collection until earlier this year," Slater said.

In 1994 Judge James Ross, Jesse James' great grandson, wrote to Boykin in an attempt to locate the guns to make sure they would be preserved for posterity. In that letter he gave up the family's quest to recover the guns, but confirmed their authenticity as having belonged to his outlaw ancestor. Ross wrote that "hopefully at some date (they may) reposit in a museum for all to see as they are definitely a part of Americana."

George Armstrong Custer: His Personal Monogrammed Lap Desk.
Additional highlights in the Nov. 24 Legends of the West Auction include more than 14 lots related to George Armstrong Custer including his personal travelling lap desk, expected to bring $7,500+, and one of his iconic buckskin jackets, which may hammer for $10,000+. A particularly interesting item is a rare 7th Cavalry document signed by Custer and two other prominent Little Big Horn casualties: Custer's brother-in-law James Calhoun and Lt. Algernon Smith, a member of Custer's inner circle, which could sell for $5,000+.

O. K. Corral: A Very Rare Receipt from the Famous Location, Signed Twice by Proprietor John Montgomery.
"Anything from the early days of Tombstone, Arizona is highly prized by collectors," Slater said, "and this auction has some great examples: a rare letterhead from the O.K. Corral Livery Stable, a historically-important check signed by Tom McLaury, who was killed in the famous gun fight, as well as Wyatt Earp's own wallet, presented with a minimum bid $7,500. The wallet carries his embossed name and has just about the best provenance one could ask for in a Wyatt Earp item, coming from the collection of John Gilchriese, himself a legend in Western collecting circles."

Few Western personalities are more famous than Annie Oakley, star of Buffalo Bill's Wild West. The auction features some 40 items which belonged to Annie and which descended through the families of two descendants who were both great-grandchildren of Annie's only brother, John Henry Moses. Some 30 of the items have been consigned by Bess Moses Edwards , who in 1984 established the Annie Oakley Foundation to help ensure accuracy in the recounting of Annie's life and exploits. Having reached the age of 91, Edwards felt that the time had come to share her treasured mementos. These range from signed and unsigned photographs — some never-before-seen images — to Annie's beloved Parker shotgun, used by her in shooting exhibitions for nearly two decades, offered with a $10,000 minimum opening bid.

Annie Oakley: Her 16-Gauge Parker Brothers Hammer Shotgun, Serial #30203.
Another Oakley gem — and unknown to scholars until it surfaced in the estate of her grand-nephew this year — is her gold charm bracelet. The simple bracelet is adorned with charms given to her by dignitaries for whom she performed, such as the Consul General of France, her husband Frank Butler, famous crack shot and Wild West show performer "Doc" Carver, and Buffalo Bill Cody himself. "This bracelet must have been among Annie's most precious possessions," observes Slater. "During World War I she made a public display of donating her many shooting medals and awards to be melted to help the war effort. But she held onto the bracelet, and is seen wearing it in a 1919 photograph."

An incredibly important complete archive of photos, documents, and artifacts covering the period from 1873 to 1883 on the Otoe Indian Reservation in Nebraska is estimated to bring $40,000+ and represents just a handful of archives offered at public auction.

"Such a complete assemblage is nearly unheard of, and represents a rare overview of the halting process through which a Native American people sought to assimilate into the ever-encroaching world of the white man," Slater said.

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Instant Trivia
1) What is the face value of a British florin?

       A) 4 pence
       B) 2 shillings
       C) 2-½ shillings
       D) 5 shillings
       E) 21 shillings


2) For how many years were Franklin Half dollars minted?

       A) 15
       B) 16
       C) 25
       D) 26
       E) 50



Last issue's question:

1. Besides winged Victory, who is depicted on the Texas half dollar?
Correct Answer: E) Stephen F. Austin and Sam Houston (60%)

2. What was the first date of the type 2 gold dollar?
Correct Answer: C) 1854 (62%)

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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

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

Interested in Selling?
What's My Coin Worth?
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