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In This Issue:
Take Our 2014 19th Annual Coin & Currency Auction Survey
More Than $105 Million Of Coins & Currency In One Week
Website Tips: Bidding Between Increments
This Week's Top Ten
Lot viewing for New York auction
Coin Buyer Wanted - Dallas Office
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
Instant Quiz
Is It Time To Sell?
Current Auctions
January 18, 2014
Newsletter Archive
Last Issue
Take Our 19th Annual Coin & Currency Auction Survey
You can win a Certified Uncirculated 1907 High Relief $20!

Heritage is the World's Largest Collectibles Auctioneer, but we're always striving to improve, and so today we are asking for your help. Let us know what you collect and what you'd like to see in upcoming Heritage Coin auctions.

By answering all of these questions fully, you can help Heritage to continue to build auctions with the material you want to see. And remember, if you fully answer this confidential survey you may be chosen to win one of these valuable prizes:

1907 High Relief $20
1907 High Relief $20
  • Grand Prize: A Certified Uncirculated 1907 High Relief $20!*
  • First Prize: Five winners can auction up to $100,000 of their coins for free in any one of Heritage's 2014-2015 auctions (no seller's commission).
  • Second Prize: Ten winners can auction up to $50,000 of their coins for free in any one of Heritage's 2014-2015 auctions (no seller's commission).
  • Third Prize: Ten winners will have the opportunity to have a Heritage representative review their collection, give a professional current market evaluation, and have up to 30 coins certified by PCGS or NGC at Heritage's expense (up to a $5,000 value).
  • All respondents will receive a complimentary copy of Heritage Magazine for The Intelligent Collector.
Your confidential, completed survey must be completed by January 31st, 2014 to participate in the drawing. Only one entry per person is eligible to win. Winner will be announced on our website by February 17, 2014. Thank you, and good luck!

Take the Survey Now


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More Than $105 Million Of Coins & Currency In One Week
 1787 Brasher Doubloon, EB on Wing, W-5840, MS63 NGC. CAC
 1787 Brasher Doubloon, EB on Wing, W-5840, MS63 NGC. CAC
Heritage Auctions, the world's largest numismatic auctioneer, sold more than $105 million worth of coins and currency January 5-12, 2014, setting records across U.S. Coins, World Coins and U.S. Currency including the most valuable piece of currency on the planet.

"The number of records broken during the first full week of 2014 is unprecedented in the history of numismatics," said Greg Rohan, President of Heritage Auctions. "These results show numismatics is a vibrant and thriving hobby and we are grateful to play a leading role in its growth."

1913 5C Liberty PR64 NGC. CAC
1913 5C Liberty PR64 NGC. CAC
Two of America's most famous and valuable rare coins lead the week's auctions when they brought a combined $7.87 million. The first gold coin made for the United States, a Brasher Doubloon hand-struck in 1787 by George Washington's New York City neighbor, brought $4,582,500, while a nickel made under mysterious circumstances at the Philadelphia Mint in 1913, and which was famously featured in an episode of the 1970s television show "Hawaii Five-O," realized $3,290,000.

Both the Brasher Doubloon and the 1913 Nickel were offered during Heritage's January 8-12 FUN U.S. Coin Signature Auction in Orlando, Fla., which, along with Heritage's FUN Currency Signature Auction and the Adam Mervis Large Cent Collection Auction (also at FUN) generated a record $90+ million in total sales. This particular Brasher Doubloon had been off the market since it was purchased by a Chicago resident in 1979 for a then-record price of $430,000. It was the subject of a Raymond Chandler book, a Hollywood movie and it was displayed by a previous owner at the 1964 World's Fair in New York City.

Additional records for U.S. rarities came as a 1927-D $20 MS66 NGC, the nation's rarest regular-issue coin, set the highest price ever paid for any U.S. coin struck and released for general circulation after 10 determined bidders drove the price to $1,997,500.

More highlights from the US Coin auction included:

1927-D $20 MS66 NGC 1927-D $20 MS66 NGC
1884 T$1 PR65 PCGS. CAC 1884 T$1 PR65 PCGS. CAC
A few of the highlights of the Adam Mervis collection were:

1795 1C Reeded Edge VG10 PCGS. S-79, Low R.7. Also Judd-20 1795 1C Reeded Edge VG10 PCGS. S-79, Low R.7. Also Judd-20
Heritage's Currency Signature Auction set a world record for the most valuable piece of currency ever sold when the legendary 1890 $1,000 Treasury Note, popularly referred to as the "Grand Watermelon note" — due to the design of the large zeroes on the reversed side of the bill, resembling watermelons — sold for an astounding $3,290,000. The last time this note was offered at auction was in 1970, where it brought $11,000.

Fr. 379b $1000 1890 Treasury Note PCGS Extremely Fine 40


"Collectors knew this was not a chance that was going to come around again anytime soon, and they bid accordingly," said Dustin Johnston, Director of Rare Currency at Heritage Auctions. "The result being that this beautiful little piece of paper is now the most valuable of its kind in the world and has a new chapter to add to its legend."

Also topping the seven-figure mark in the auction was a unique 1882 $500 Gold Certificate, which finished at $1,410,000.

1882 $500 Gold Certificate


Fr. 1218d $1000 1882 Gold Certificate PCGS Very Fine 35
Fr. 1202a $100 1882 Gold Certificate PCGS Apparent Very Fine 35
More highlights from the US Currency auction included:

1822 Pedro I gold 6400 Reis, AU55 NGC
1822 Pedro I gold 6400 Reis, AU55 NGC
Earlier in the week Heritage's offering of more than 2,000 World and Ancient Coins during the annual New York International Numismatic Convention totaled approximately $15 million in sales, led by a stunning and pristine 1822 Pedro I gold 6400 Reis, AU55 NGC realized $499,375. The 1822 Pedro quickly surpassed its $200,000 pre-auction estimate, beating the previous world record for a Brazilian coin at auction two times over.

Additional World Coin rarities include a 1711 Felipe V gold Royal Cob 8 Escudos from Mexico for $293,750, and an 1824 Gold 8 Escudos from Guatemala for $176,250, a record for the type.

The next Heritage Signature auction is already open for bidding at HA.com/Coins!

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Website Tips: Bidding Between Increments  
The current bid on any item in a Heritage auction will always be calculated as the lesser of:

  1. The maximum bid on the item, or
  2. One increment above the second highest bid on the item.
If a reserve has been posted on the lot, the current bid may not be less than the reserveIn our Signature Auctions, we receive bids from many sources, such as faxes, mail bids, absentee phone bids, and podium bids — written bids left by someone present at the auction site. These bidders may not know the current bid at the time they place their bid; however their bid must be on-increment or at a half increment (called a cut bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.

The rules for Internet bidders are a little different. Internet bidders need only bid an amount equal to or greater than the next increment. Internet bids greater than the minimum required next bid can be any whole dollar amount. It is possible under several circumstances for winning bids to be between increments, sometimes only $1 above the previous increment (see below).

When the auction closes, the winner of the item will be the person with the highest bid, but the hammer price of the item will be the calculated current bid on the item, regardless of what the actual high bid was. This allows you as a bidder to win items for less than your maximum bid. Our Signature Auctions open up on the auction floor at the Current Bid. We will execute the high Internet bidder's secret maximum bid on his behalf until he either wins the lot or is outbid.

Bidding increments in Heritage Signature auctions follow this table. Note that this is calculated without regard to the current bid; if an item has a current bid of $175, then the next bid will be $180, then $190, $200, $220, $240, etc.

Bidding Increments
Current Bid Bid Increment
< $10 $1
$10 - $29 $2
$30 - $49 $3
$50 - $99 $5
$100 - $199 $10
$200 - $299 $20
$300 - $499 $25
$500 - $999 $50
$1,000 - $1,999 $100
$2,000 - $2,999 $200
$3,000 - $4,999 $250
$5,000 - $9,999 $500
$10,000 - $19,999 $1,000
$20,000 - $29,999 $2,000
$30,000 - $49,999 $2,500
$50,000 - $99,999 $5,000
$100,000 - $199,999 $10,000
$200,000 - $299,999 $20,000
$300,000 - $499,999 $25,000
$500,000 - $999,999 $50,000
$1,000,000 - $4,999,999 $100,000
$5,000,000 - $9,999,999 $250,000
>= $10,000,000 $500,000
The table is slightly different in
Heritage Internet-only auctions:
Bidding Increments
Current Bid Bid Increment
< $50 $1
$50 - $99 $2
$100 - $199 $5
$200 - $499 $10
$500 - $999 $20
$1,000 - $1,999 $50
$2,000 - $4,999 $100
$5,000 - $9,999 $200
$10,000 - $19,999 $500
$20,000 - $49,999 $1,000
$50,000 - $99,999 $2,000
$100,000 - $199,999 $5,000
$200,000 - $499,999 $10,000
$500,000 - $999,999 $20,000
>= $1,000,000 $50,000


Sometimes, astute Internet bidders will place a bid between increments with the idea that they may be able to win a piece for less than a full increment above another bidder. Take the example of a bidder looking at a lot in a Signature auction that he thinks is worth roughly $110 plus the buyer's premium. The current bid on the piece is $1, which always means that there is only one bidder on the item. Our bidder has no way of knowing what the actual maximum bid on the item is, but he decides to place a bid of $111. This bid is designed specifically to outbid somebody that might have already bid $110. Once our bidder has placed this bid, he will see one of the following:

  1. If the previous maximum bid was $109 or less, the new bid will become the high bid and the current bid will become the bidding increment above the previous bid.

  2. If the previous maximum bid was exactly $110, the new bid will become the high bid and the current bid will become exactly $111.

  3. If the previous maximum bid was between $111 and $119, the new bid will be immediately outbid, and the current bid will become the previous bidder's high bid.

  4. If the previous maximum bid was $120 or more, the new bid will be immediately outbid, and the current bid will become $120. The behavior would be similar in an Internet-Only auction, except that the next increment would be $115 instead of $120.
Other Website Tips
What is Heritage Live!TM?
Spam Blocking
Cookies and Security
Bidding Tutorial
Increasing your bids
How To "Make an Offer"
Batch Bidding
Tracking Lots
Bookmarking
Why am I being outbid immediately?
PCGS Registry Numbers
NGC Registry Numbers
Index Number
MyCollection Help


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This Week's Top Ten
The ten highest valued lots to sell in Heritage FUN signature auctions:

 1787 Brasher Doubloon, EB on Wing, W-5840, MS63 NGC. CAC
 1787 Brasher Doubloon, EB on Wing, W-5840, MS63 NGC. CAC
  1. 1787 Brasher Doubloon, EB on Wing, W-5840, MS63 NGC. CAC, sold in 2014 for $4,582,500.
  2. 1913 5C Liberty PR64 NGC, sold in 2010 for $3,737,500.
  3. Fr. 379b $1000 1890 Treasury Note PCGS Extremely Fine 40, sold in 2014 for $3,290,000.
  4. 1913 5C Liberty PR64 NGC, sold in 2014 for $3,290,000.
  5. 1787 Brasher New York Style Doubloon, sold in 2005 for $2,990,000.
  6. 1787 Brasher New York Style Doubloon, sold in 2005 for $2,415,000.
  7. 1907 $10 Satin PR67 NGC, sold in 2011 for $2,185,000.
  8. 1927-D $20 MS66 NGC, sold in 2014 for $1,997,500.
  9. 1907 Ultra High Relief $20 Lettered Edge PR68 PCGS, sold in 2007 for $1,840,000.
  10. 1796 $2 1/2 No Stars MS65 PCGS, sold in 2008 for $1,725,000.
Do you have a suggestion for a future top ten list? Send it to us!

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Announcements
Lot viewing for New York auction

Don't miss a special opportunity to view auctions lots from our upcoming New York Signature auction. The Signature and Premier Session lots will be available for viewing in conjunction with the NGC Trade & Grade, held January 25th - 28th, 9:00 AM - 6:00 PM, and January 29th 9:00 AM - 1:00 PM at our Beverly Hills office. We will also have an appointment-only preview at our Dallas headquarters January 15th - 17th and January 20th - 22nd. Additionally, these lots will be showcased at our New York office prior to auction from February 1st - 4th.

Space is limited, so please call Roy Porras at 214-409-1295 or RoyP@HA.com to reserve your seat.

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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.

  • 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
  • Consignment Coordinator
  • Currency Consignment Director
  • e-Publishing Expert
  • Interns
  • Maintenance Assistant
  • Operations Assistant
  • 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

Heritage Auctions And RightOfTheDot, LLC Announce Partnership To Auction New TLD Extensions

An exclusive joint partnership has been announced between Heritage Auctions and RightOfTheDot, LLC to provide live auctioneer and live online auction services for premium domains in new TLD extensions that are being launched over the next several years.

Examples of premium domain names that may potentially be for sale via this new offering could include names like Night.Club, Tour.London, Hotels.NYC, Divorce.Law, Poker.Vegas, Concert.Tickets, and on, across the spectrum of recently created new domain space. The partnership will also continue to provide auctions of existing, established TLDs such as premium .Com domains.

Heritage and RightOfTheDot will also offer additional Contention Resolution Auction Services, such as a customized ascending clock auction service to help competing applicants for new TLDs resolve their contention prior to last resort auctions being offered by ICANN.

RightOfTheDot, LLC was founded in 2010 by Monte Cahn and Michael H. Berkens, Esq., two well-known domain industry veterans. With a combined 30 years of experience, Michael and Monte have participated in more than $350,000,000 in domain sales, advised and assisted in launching many of the existing 22 gTLDs, and pioneered many domain industry products and services.

"This joint venture with Heritage exponentially expands our footprint for live auction and live online auction services for the domain industry," said Cahn, President of RightOfTheDot, LLC. "Our exclusive partnership provides the industry with a unique, worldwide live auction platform that hasn't existed until now. Heritage's leading technology and long history combined with our industry experience and success is custom made to offer the very best service to the entire domain name industry for years to come."

Heritage Auctions has completed more than $8 Billion in auction transactions since 1976, is the world largest collectibles auctioneer and the third largest auction house in the world. Heritage's website is among the most-trafficked websites on the web and it has offices and buying capability all over the world. The company is licensed in all 50 States and has clients in 186 countries, holding more than 500 auctions in 38 unique categories per year. The Intellectual Property Division is headed up by another domain industry pioneer, Aron Meystedt.

"Heritage thinks that this partnership with RightOfTheDot is a win-win for all involved," said Meystedt. "Right of the Dot is well-connected and has tremendous experience navigating the domain industry. Both sides in this partnership bring valuable expertise and services."

Meystedt has 10 years of experience in domain name valuations, sales and development. He is credited with owning the first domain name registered on the Internet: Symbolics.com.

More information about Domain Name auctions.

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Instant Quiz
Trivia

1. Which series receives the designation "Full Head" for fully struck coins?
       A) Saint-Gaudens double eagle
       B) Seated Liberty dollar
       C) Standing Liberty quarter
       D) Trade dollar
       E) Walking Liberty half dollar


2. What was the date of the last dollar minted in Carson City?
       A) 1889
       B) 1891
       C) 1893
       D) 1895
       E) 1900



Last week's question:

1. What was the last year the US minted twenty cent pieces?
Correct Answer: D) 1878 (51%).

2. Lewis Feuchtwanger produced experimental coins of one cent and which other denomination?
Correct Answer: C) Three cents (39%).


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Is it Time to Sell?
The numismatic market and prices are strong, and it's time for you to profit from that strength. Last year's Central States' auctions brought in $58 Million, the largest CSNS event ever. The Central States organization and Heritage have established an enduring tradition: attracting the best in numismatic properties for auction, assembling an enthusiastic audience, and then delivering superb prices realized. With your consignment, we will continue to make history in 2014.

It's easy for you to be part of making history at another exciting Central States. Call Heritage today to include your important rare coins and currency in this amazing event — the CSNS coin consignment deadline is March 10 and the currency deadline is March 3. Please call our Consignment Directors at 800-USCOINS (872-6467) ext. 1000 (Coins) or ext. 1001 (Currency) to begin your pursuit of top prices.

2014 April 23 - 27 CSNS US Coin Signature Auction - Schaumburg
Consignment Deadline: March 10, 2014

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
January 20 - 21 World and Ancient Coins Non Floor Session Auction - Dallas #3031
January 20 - 21 World and Ancient Coins Non Floor Session Auction - Dallas #3031
View Lots
February 3 - 5 US Coins Signature Auction - New York #1202
February 3 - 5 US Coins Signature Auction - New York #1202
View Lots
Sunday Internet Coin Auction Sunday Internet Coin Auction #131403
Closes January 19
View Lots
Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131403
Closes January 21
View Lots
Weekly World Coin Auction Weekly World and Ancient Coin Auction #231404
Closes January 23
View Lots
   
Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141403
Closes January 21
View Lots

 
Other Internet Auctions
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151403
Closes January 19
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121403
Closes January 19
View Lots
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161403
Closes January 19
View Lots
Weekly Internet Luxury Accessory Auction Weekly Internet Luxury Accessory Auction #251403
Closes January 21
View Lots
Tuesday Internet Watch & Jewelry Auction Tuesday Internet Watch & Jewelry Auction #171403
Closes January 21
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201404
Closes January 23
View Lots
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