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In This Issue:
Our Largest World & Ancient Coins Auction Ever At CICF
Unique Wass, Molitor $20 discovered, offered in April
Website Tips: 360 Degree Views
This Week's Top Ten
CSNS Lot Viewing in Conjunction with NGC Invitational
U.S. Coin Cataloger Wanted
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

April 5, 2014
Newsletter Archive
Last Issue
Our Largest World & Ancient Coins Auction Ever At CICF
1865 Newfoundland, Canada Victoria gold Pattern Specimen 2 Dollars, SP63 PCGS
1865 Newfoundland, Canada Victoria gold Pattern Specimen 2 Dollars, SP63 PCGS
An 1865 Newfoundland, Canada Victoria gold Pattern Specimen 2 Dollars, SP63 PCGS, one of the rarest and most important pattern coins in all Canadian numismatics, is expected to bring well more than $80,000 when it crosses the block on April 10, in Chicago, as part of Heritage Auctions' Chicago International Coin Fair (CICF) World and Ancient Coins Signature Auction.

"This is a monumental rarity in Canadian numismatics," said Cristiano Bierrenbach, Vice President at Heritage Auctions, "and likely the only example in private hands, also coming with an illustrious string of ownership. Given the importance of this coin, look for a final price realized that reflects it. Collectors of all tastes will be able to find one or several pieces for their cabinets in this auction."

This auction also marks the single largest auction Heritage's World and Ancient Coins division has ever held, with more than 6500 lots in total. With such a diverse offering, collectors from across the spectrum will find something that fits their tastes.

A gold aureus of the Roman Emporer Pertinax (AD 193), NGC Gem MS, from The Lexington Collection, represents one of the most important and interesting offerings from the Ancient Coins section of the auction, estimated at $60,000+.

"This amazing coin of Pertinax very clearly demonstrates the perils of power in the ancient Roman Empire," said David Michaels, Director of Ancient Coins at Heritage. "Pertinax was an old soldier and a sage by the time he was installed as emperor and he had ruled all of 86 days before being assassinated. Due to the brevity of his reign the coinage of Pertinax is not only quite rare, but also of unusually high artistic quality."

1797 Paul I Poltina, or half-rouble, AU 58 NGC
1797 Paul I Poltina, or half-rouble, AU 58 NGC
The rating of Gem MS is the highest possible grade assigned to ancient coins by Numismatic Guaranty Corporation, placing this among the finest known aurei of Pertinax.

Dedicated collectors of Russian rarities will find much to admire in an exceedingly exceptional 1797 Paul I Poltina, or half-rouble, AU 58 NGC, expected to bring more than $40,000. Latin American collectors eagerly await the offering of an 1817 Ferdinand VII Real, AU53 NGC, probably the finest Caracas real from 1817 in private hands, which should top $30,000 in what is expected to be spirited competition. Canadian collectors who cannot go after the 2 dollar pattern that sits atop the auction should find some solace, and a spectacular coin, in a 1902 Edward VII Specimen 25 Cent, SP68 PCGS, which should also bring more than $30,000.

"This is the most impressive Canadian quarter our cataloger has ever seen," said Bierrenbach, "and easily among the most visually stunning coins in the entire auction."

Further highlights include, but are not limited to:

gold aureus of the Roman Emporer Pertinax (AD 193), NGC Gem MS gold aureus of the Roman Emporer Pertinax (AD 193), NGC Gem MS
George V Specimen 50 Cents 1921 SP64 PCGS George V Specimen 50 Cents 1921 SP64 PCGS
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Unique Wass, Molitor $20 discovered, offered in April
1855 Wass Molitor Twenty Dollar, Large Head AU53 NGC
1855 Wass Molitor Twenty Dollar, Large Head AU53 NGC
Advanced collectors of Territorial gold coinage will have a once-in-a-lifetime chance to acquire a newly discovered variety — an entirely unique example of an 1855 Wass, Molitor & Co. $20 gold piece, AU53, known as the Large Head Obverse, offered by Heritage auctions from The Riverboat Collection in the official auction of the Central States Numismatic Society Convention (CSNS), April 23-25, 2014 in Chicago.

"The 1855 Wass, Molitor & Co. $20 gold with the Large Head obverse is one of the most elusive issues in the Territorial gold series," said Greg Rohan, President of Heritage Auctions. "This coin, from the celebrated Riverboat Collection, has recently been examined by several expert numismatists and some exciting new findings have come to light."

Until now it was believed that all four surviving examples of this Large Head variety shared the same obverse and reverse. Careful study of the images of the Riverboat coin on the Heritage website by numismatic researcher Wayne Burt indicated otherwise. Further investigation by Burt, Saul Teichman, Stuart Levine, and Heritage cataloger David Stone revealed that the Riverboat specimen features the same Large Head obverse as the K-8 coins, but the reverse exhibits the design used on the Wass, Molitor Small Head $20, K-7. Information from bibliophile Dan Hamelberg proved essential in this research.

The two reverse designs are easy to differentiate, as the eagle's left (facing) wingtip points to the "R" in "FRANCISCO" on the K-7 reverse, while the wingtip points to the "F" on the K-8 reverse. The Riverboat specimen is the only known example of this newly discovered Territorial gold variety.

"The coin in the Riverboat Collection represents an entirely different variety from the coin pictured in Donald Kagin's Private Gold Coins and Patterns of the United States," said Rohan, "and the recent study indicates the coin is almost certainly unique. Ken Bressett informs us that this discovery is under consideration and is a good candidate for inclusion in the Red Book."

The 1855 Wass, Molitor & Co. $20 pieces were originally produced to provide much-needed circulating coinage during a period when the San Francisco Mint found it impossible to produce gold coins because of a shortage of parting acids.

Both Large and Small Head varieties were struck in large numbers. The coins were well-received by the public and circulated widely for a time, but the great majority of the coins were turned in to the San Francisco Mint and melted when that facility resumed gold coinage on a large scale. Like most other Territorial gold issues, the Wass, Molitor twenty dollar pieces were rarely encountered as early as 1860.

The Riverboat specimen was probably the first Wass, Molitor Large Head $20 to appear at auction, in a Chapman sale in 1896. It was definitely the last example to be publicly offered when it appeared in Stack's Amon G. Carter, Jr. Family Collection in 1984, more than 30 years ago.

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Website Tips: 360 Degree Views
360 Degree Views

Have you seen our 360 Degree View feature for many of our featured coins? You can now inspect items from all sides before placing your bid!

1885 $20 MS61 PCGS. CAC

1885 $20 MS61 PCGS. CAC


For coins, the 360 degree view shows the coin being tilted under a light. This allows you as a potential buyer to see the bands of luster on the coin directly; you need no longer rely on still images. Other collectibles, such as some of the costumes in our recent Entertainment auction, may rotate the entire item so that you can see all sides.

Other Website Tips
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This Week's Top Ten
1877 Fifty Dollar, Judd-1549 Gilt, Pollock-1722, Low R.7, PR64+ Cameo NGC
1877 Fifty Dollar, Judd-1549 Gilt, Pollock-1722, Low R.7, PR64+ Cameo NGC
The highest priced lots in the ten earliest auction events in our Auction Archives:

  1. 1927-S $20 MS65 NGC. Realized $62,150.
  2. 1875 $5 AU50 PCGS. Realized $66,000.
  3. 1896 $10 PR65 Cameo NGC. Realized $34,100.
  4. 1887 $3 PR65 PCGS. Realized $26,950.
  5. 1860 $2.50 PR64 Cameo NGC. Realized $14,850.
  6. 1895 $1 PR66 NGC. Realized $23,320.
  7. 1877 Half Union or Quintuple Eagle, Judd-1547 (1549), High R.7, PR 62 Gilt. Realized $79,750.
  8. 1801 $10 MS64 NGC. Realized $30,800.
  9. 1906 $10 PR65 NGC. Realized $23,100.
  10. 1860-C $2.50 MS63 NGC. Realized $21,450.
A repeat occurrence of one coin has been omitted. All coins sold in 1993.

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

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Announcements
CSNS Lot Viewing in Conjunction with NGC Invitational

Don't miss this special opportunity to view auctions lots from our upcoming CSNS Signature Auction #1204. The Signature as well as Platinum Night Session lots will be available for viewing in conjunction with the NGC Trade & Grade, held April 14th - 16th, 9:00 AM - 6:00 PM at our Dallas headquarters at 3500 Maple Ave; 17th Floor, Dallas, TX 75219.

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

We look forward to seeing you there.

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U.S. Coin Cataloger Wanted

Heritage Auctions is seeking a talented numismatist with broad expertise in U.S. coins to join our award-winning staff. If you have an extensive knowledge base of U.S. coins and have exceptional writing skills we have an opening as a cataloger. You can work with the most successful team of numismatists in the world. This is a full-time position based in our Dallas headquarters. Duties will include cataloging, evaluating and attribution of U.S. coins, assisting with catalog production, and contributing numismatic articles for newsletters and other publications.

If you are interested, please contact BrittM@HA.com.

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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
  • Coin Buyer
  • Modern & Contemporary Art Specialist: (New York)
  • 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
  • Fine Jewelry Cataloger
  • Interns
  • Jr. Photographer
  • Operations Assistant
  • PHP Web Developer
  • Web Content Specialist (part-time)
  • 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
Orson Welles Treasure Trove, Made Available For Auction, Almost 30 Years After His Death

Orson Welles Large Collection of Black and White Film Stills from Citizen Kane.
Beatrice Welles, the daughter of the late great director Orson Welles — auteur of Citizen Kane, commonly considered the greatest film ever made — is making a trove of material related to her famous father, never before offered to the public, available for auction as part of Heritage Auctions' Entertainment Signature Auction

In all, there are more than 70 lots of Orson Welles-related ephemera, film memorabilia, clothing and personal accoutrements, including script pages and black and white film stills from Citizen Kane, scripts and still photos from The Magnificent Ambersons, a pair of personal scrapbooks relating to War of the Worlds, Welles' 'Bell & Howard 240' 16mm Movie Camera, circa 1957, mainly used by Welles to film home movies while living in Spain in the 1950s, his personally-owned and used Smith-Corona 2200 electric typewriter, circa 1970s, his personal humidor, circa 1960s, gifted to him from director Michael Winner, who worked with Welles on the 1967 film Swinging London, documents from Welles' famous Mercury Theatre, and a host of other material related to Welles' legendary career.

Orson Welles Bell & Howell 240 16mm Movie Camera, Circa 1957
For Beatrice Welles, the daughter of the director and actress Paola Mori, putting the material up for auction represents a chance to open up the archives for fans of Orson Welles worldwide, giving them a chance to have something closely related to the great filmmaker, as well as a chance for her to re-connect with her father.

"These things were all in trunks in my parent's house and garage after they both passed away," said Welles. "After they died, I couldn't stand to look at anything having to do with them — I was so close to them both. They were everything to me — and much of the stuff was just sitting on top of these two tables (Orson Welles) used as a desk. I said to a friend one day, 'I can't look at these things anymore. I also felt very much, that I was intruding into their private lives."

That friend gathered the material in the house, went through the trunks in the garage, and put most of it away.

"All of these things came with me wherever I moved to," said Welles. "I finally decided to get a storage unit."

Orson Welles Smith-Corona 2200 Electric Typewriter, Circa 1970s
That storage unit is where much of the material has lived until late 2012, when Welles finally went back and started to sort through it. What emerged is an incredible grouping that reflects just as much on Welles as a pioneering filmmaker as it does on him as a man and a father.

"When I finally went and opened the trunk and started looking I realized that this is a treasure trove that I didn't even know existed," added Welles. "There were many things in there that I realized I needed to bring home — private letters, scripts, things he had from when he was a child, like essays from the ages of 10, 11 and 12. Those things I'm keeping. The rest of it, though, I realized would mean so much to someone else."

Welles related that her father was not a materialistic man in any way, and that the fact that this trove exists is truly remarkable.

"He was so prolific," she said, "always working on four or five different things at once. He was also a gypsy and he didn't believe in keeping anything. It's really extraordinary that there is anything like this that exists."

For collectors of Hollywood history and film memorabilia, there is already a buzz being generated.

"This is not a chance that is going to come along again anytime soon," said Margaret Barrett, Heritage's Director of Entertainment Auctions. "Orson Welles is a Hollywood legend. His work continues to influence directors, writers and actors of all genres. This is an opportunity for many film lovers to have a piece of cinema royalty."

More information about Entertainment & Music auctions.

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Instant Quiz
Trivia

1. What is the highest denomination coin ever issued by the US mint?
       A) $1
       B) $20
       C) $25
       D) $50
       E) $100


2. Besides the switch from bronze to zinc, which of the following is the 1982 cent known for?
       A) Distinctive varieties of the S mintmark
       B) Large and small date varieties
       C) Overdate 1982/1
       D) Overmintmark 1982-D/S
       E) Proof coins made without a mintmark



Last week's question:

1. What is the name of the item depicted on the reverse of the Mercury Dime?
Correct Answer: C) Fasces (45%).

2. What is the mintmark that appears on current coins minted in Berlin?
Correct Answer: A) A (36%).


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Is it Time to Sell?
Heritage is once again, proud to announce that they are the Official Auctioneer of the Long Beach Expo. Now in its 50th year, Long Beach has proven time and again to be the venue to choose when it is time to consign your collection. The market for numismatics remains solid, proven by the recent ANA Signature Auction held in Atlanta, GA showing total prices realized at nearly $15 million.

To consign to Heritage's Signature auction held during the Golden anniversary of this lauded convention, contact Heritage today to join in on this momentous event. The June Long Beach coin consignment deadline is April 22nd. Please call one of our Consignment Directors at 800-USCOINS (872-6467) ext. 1000 (Coins) or ext. 1001 (Currency) to begin your consignment experience.

June 5 - 8 LB Expo US Coins Signature Auction - Long Beach
Consignment Deadline: April 22, 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 and Currency Auctions
April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago #3032
April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago #3032
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April 23 - 27 CSNS US Coin Signature Auction - Chicago #1204
April 23 - 27 CSNS US Coin Signature Auction - Chicago #1204
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April 23 - 25 & 28 CSNS Currency Signature Auction - Chicago #3527
April 23 - 25 & 28 CSNS Currency Signature Auction - Chicago #3527
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April 24 & 28 CSNS World Currency Signature Auction - Chicago #3525
April 24 & 28 CSNS World Currency Signature Auction - Chicago #3525
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Sunday Internet Coin Auction
Sunday Coins
April 6
Tuesday Internet Coin Auction
Tuesday Coins
April 8
Tuesday Internet Currency Auction
Tuesday Currency
April 8
Weekly World Coin Auction
Thursday World Coin
April 10
Monthly World and Ancient Coin Auction - Selections from the Eric P. Newman Collection
Monthly Selections from the
Eric P. Newman Collection

April 24
 
Signature Auctions
April 5 Photographs Signature Auction - New York April 5 Photographs Signature Auction - New York #5176
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April 8 Luxury Real Estate Signature Auction - Houston April 8 Luxury Real Estate Signature Auction - Houston #1150
View the Heritage Luxury Property Auction
April 9 Domain Names Signature Internet Auction - Dallas April 9 Domain Names Signature Internet Auction - Dallas #1119
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April 14 Doodle For Hunger Celebrity Art Auction #567 Benefiting St. Francis Food Pantries and Shelters April 14 Doodle For Hunger Celebrity Art Auction #567 Benefiting St. Francis Food Pantries and Shelters
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April 23 20th & 21st Century Design Auction - Dallas April 23 20th & 21st Century Design Auction - Dallas #5186
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April 24 John Wayne Film Festival Auction Benefiting the John Wayne Cancer Foundation #569 April 24 John Wayne Film Festival Auction Benefiting the John Wayne Cancer Foundation #569
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April 24 Lomasney Vintage Movie Art Posters Monthly Internet Charity Auction #181416 Benefiting Lifebeat April 24 Lomasney Vintage Movie Art Posters Monthly Internet Charity Auction #181416 Benefiting Lifebeat
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April 25 Art From the Heart Auction Benefiting Dallas Challenge April 25 Art From the Heart Auction Benefiting Dallas Challenge #568
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April 26 - 27 Entertainment & Music Memorabilia Signature Auction - New York #7089 April 26 - 27 Entertainment & Music Memorabilia Signature Auction - New York #7089
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April 28 Spring Luxury Accessories Signature Auction - New York April 28 Spring Luxury Accessories Signature Auction - New York #5179
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April 29 Fine Jewelry Signature Auction - New York April 29 Fine Jewelry Signature Auction - New York #5178
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May 4 Nature & Science Signature Auction - Dallas May 4 Nature & Science Signature Auction - Dallas #5168
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May 10 American Art Including Western, California, & Golden Age Illustration Signature Auction - Dallas May 10 American Art Including Western, California, & Golden Age Illustration Signature Auction - Dallas #5174
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Other Internet Auctions
Sunday Internet Movie Poster Auction
Sunday Movie Posters
April 6
Sunday Internet Comics Auction
Sunday Comics
April 6
Sunday Internet Movie Poster Auction
Sunday sports
April 6
Tuesday Internet Watch & Jewelry Auction
Tuesday Jewelry
April 8
Weekly Internet Luxury Accessory Auction
Tuesday Luxury
April 8
Weekly Internet Rare Books and Autographs Auctions
Thursday Books
April 10
Monthly Internet Wine Auction
Monthly Wine
April 10
 
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