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In This Issue:
Territorial Gold featured in CSNS US Coin offerings
Seldom Seen Selections: The finest known Schultz & Co. half eagle
Website Tips: Budget bidding on Heritage Live!
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 12, 2014
Newsletter Archive
Last Issue
Territorial Gold featured in CSNS US Coin offerings
1855 Wass, Molitor & Co. twenty dollar gold piece, AU53 NGC, Large Head Obverse
1855 Wass, Molitor & Co. twenty dollar gold piece, AU53 NGC, Large Head Obverse
The Riverboat Collection, one of the finest collections of Territorial gold that we've seen, highlights our offerings in the Central States Numismatic Society US Coin Signature Auction, to be held April 23 - 27 in Schaumberg, IL. Platinum Night, featuring the finest numismatic treasures in this auction, is scheduled for April 24 at 6:30 PM CT.

The Riverboat Collection, leading off the Platinum Night festivities, offers advanced collectors of Territorial gold coinage a once-in-a-lifetime chance to acquire a newly discovered variety — the unique 1855 Wass, Molitor & Co. twenty dollar gold piece, AU53 NGC, Large Head Obverse, variety unlisted in Kagin. Heritage founder Jim Halperin calls this American rarity "a unique example of one of the most elusive issues in the Territorial gold series." The Riverboat specimen was probably the first Wass, Molitor Large Head twenty dollar coin 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.

This piece is just the beginning of the stunning diversity of the Territorial gold coins found in this collection, many of which are fully worthy of being described as national treasure. From the American Frontier, an 1855 Kellogg & Co. fifty dollar, PR64 Cameo PCGS, stands as "the most beautiful of all Pioneer gold," and an 1849 Mormon ten dollar, AU58 NGC, is the earliest and rarest Mormon gold coinage, with fewer than a dozen pieces known. An 1850 Dubosq & Co. ten dollar, MS60 NGC, offers collectors the opportunity to own an example of one of the most challenging issues in the Territorial gold series — for the first time in 27 years.

1855 Kellogg & Co. Fifty Dollar PR64 Cameo PCGS
1855 Kellogg & Co. Fifty Dollar PR64 Cameo PCGS
The treasures in this auction are hardly limited to Territorial gold, as we are also privileged to offer the #1 NGC Morgan Dollar Registry Set, the magnificent ML Moser Collection, in its own session on April 24 just before Platinum Night. This collection features a true treasure in the 1893-S Morgan dollar, MS65 NGC, as well as a select uncirculated example of an 1892-S Morgan, MS63 NGC, seldom offered at auction until now. Condition rarities define this collection, proof of which is seen in the 1881-S Morgan dollar, MS68+ NGC, the single finest graded example of the 1881-S Morgan dollar at NGC and the only one to be awarded the special Plus and Star designations. The 1884 Morgan Dollar, MS68, NGC, is a superstar as well and one of just four known pristine examples certified by both services as MS68.

Additional featured collections include The Charles G. Wright Family Collection, Christopher Bently's Nob Hill Collection, Part II, The Dale Hopkins Collection, The Collection of Donald E. Bently, sold for the benefit of the Bently Foundation, The Jim O'Neal Collection of U.S. Type, Part One, The Northern Lights Collection, The Old New England Collection, The Collection of Philip Poier, and The Ray Levoi Collection.

Additional highlights of this auction include, but are hardly limited to:
1893-S $1 MS65 NGC 1893-S $1 MS65 NGC
1854-O $20 AU55 PCGS Secure 1854-O $20 AU55 PCGS Secure


This auction and the related Currency Auction are open for bidding now at HA.com.

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Seldom Seen Selections: The finest known Schultz & Co. half eagle
1851 Schultz & Co. Five Dollar MS62 NGC
1851 Schultz & Co. Five Dollar MS62 NGC
The 1851 Schultz & Co. $5 gold piece is one of the rarest issues in the Territorial gold series. We have traced only 10 examples of this storied issue, with a few earlier citations that may or may not represent the same coins. One specimen is held by the National Numismatic Collection at the Smithsonian Institution. PCGS and NGC have combined to certify 12 coins in all grades and conditions, undoubtedly including some resubmissions and crossovers. Heritage Auctions is pleased to offer the finest-known example of this famous rarity in our April 23-27 2014 Central States Signature Auction.

These rare five dollar gold pieces were minted by the firm of Schultz & Co., operated by Judge G.W. Schultz and William Thompson Garrett. The business was located on Clay Street, in San Francisco, directly behind the better-known Baldwin coining facility. Schultz and Co. started as a metalworking shop and foundry, with Judge Schultz as the principle financial backer and Garrett as the machinist. Schultz & Co. forged the dies for most of the private coining operations in San Francisco, with Moffat & Co. the notable exception. Albert Kuner engraved the dies and Garrett turned the hubs, while Schultz handled the financial end of the business.

Schultz & Co. soon graduated to minting their own coinage, issuing five dollar coins from January to April of 1851. Some sources report that ten dollar pieces were also struck, but no example of that denomination has ever surfaced. Curiously, Kuner misspelled the name of the firm when he engraved the dies, and all examples seen have the inscription SHULTS & CO on Liberty's coronet. There is considerable confusion about the correct spelling of Schultz's name, as Edgar Adams refers to him as both Schultz and Shultz, but most historians consider Schultz the preferred spelling. Our headline reflects the NGC label on the holder, but we have followed the Guide Book nomenclature in the narrative. The firm was dissolved in April of 1851, with Garrett continuing the foundry operation and Schultz retaining the coining business afterward. On April 21, 1851, the California Legislature prohibited the private minting of gold coinage, bringing the Schultz & Co. operation to a close.

An early assay by Augustus Humbert found the five dollar coins of Schultz & Co. contained only $4.87 value in gold, causing the coins to be repudiated by the general public. A later assay at the U.S. Mint by Eckfeldt and Dubois was more favorable, yielding a value of $4.94 for the five dollar coin, but the outrage over the earlier report was hard to overcome. In fact, when knowledge of the higher intrinsic value of the coins became widespread, it encouraged mass melting, and the issues of Schultz & Co. were one of the first private gold coinages to vanish from circulation. By 1909, Edgar Adams knew of only two coins in existence, one owned by H.O. Granberg and another in the collection of J.C. Lighthouse.

The first auction appearance of the Schultz & Co. five dollar gold coin was in lot 12 of The Romance of the Pioneers, a catchy title B. Max Mehl composed for his catalog of Judge Charles W. Slack's collection. Although Mehl's enthusiasm got the better of his grammar at times, his description faithfully recorded the history of the Schultz & Co. $5, and established it as one of the rarest and most valuable issues in the Territorial gold series. The lot realized $1,250, a huge sum at the time, to famous collector John Work Garrett. The popularity of the Schultz & Co. $5 has grown steadily over the years, and recent auction appearances include the sale of the AU53 piece in lot 5957 of our August 2013 Rosemont Signature Auction, which realized $235,000.

The Riverboat Collection example is by far the finest-known example and the only coin certified in Mint State by either of the leading grading services. It was unknown to early collectors, as it was only discovered in December of 1982 by James Owens, of Sand City, California. Owens found the coin on a deserted beach near Monterey, with the help of a metal detector. Pacific Coast Auction Galleries featured the coin in their June 1987 Long Beach Sale. This is only its second auction appearance and it has been off the market for 27 years.

The design elements of this attractive MS62 example are sharply detailed in most areas, with just a touch of softness on the eagle's right (facing) claw. Several Schultz & Co. five dollar coins show a dramatic die break on the reverse, from the rim above the eagle's wing to the rim above the letter L in GOLD. This piece must have been one of the last coins struck, as the break has developed into a large cud. The attractive, slightly granular surfaces retain much of their original mint luster and show only minor signs of contact. A thin luster graze below star 13 is an easy pedigree marker, although the superior condition of this piece makes it hard to confuse with any other example. Eye appeal is head-and-shoulders above that of any other Schultz & Co. $5. As B. Max Mehl said in his historic description, the opportunity to acquire any Schultz & Co. $5 is a rare event. The chance to bid on this finest-known example has come only once before in its 163-year history. Territorial gold enthusiasts should bid accordingly.

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Website Tips: Budget bidding on Heritage Live!
Have you ever wanted to set a budget for your purchases from one of our auctions? Heritage Live! provides the opportunity for you to do just that.



Near the bottom of the page below the listings of lots, you will see a link to set a budget for your Heritage Live purchases. Click on the link, and the page overlay will ask you to enter your budget. You can change or remove your budget at any time.



Once the budget is in place, it will sum up all of your Heritage Live purchases as they occur. Any Heritage Live proxy bids that exceed your budget will not be executed; however, you still have the option to bid live on any lot even if the live bid will exceed your budget.

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
1932-D 25C MS66 PCGS
1932-D 25C MS66 PCGS
The ten highest valued Washington quarters to sell in Heritage auctions, one per issue:

  1. 1932-D 25C MS66 PCGS. Realized $89,125.
  2. 1932 25C MS67 PCGS. Realized $40,250.
  3. 1932-S 25C MS66 PCGS Secure. CAC. Realized $35,250.
  4. 1950-D/S 25C MS67 PCGS. CAC. Realized $29,375.
  5. 1941 25C MS68 PCGS Secure. CAC. Realized $23,500.
  6. 1948-S 25C MS68 PCGS Secure. CAC. Realized $23,500.
  7. 1943 25C MS68 PCGS. Realized $23,000.
  8. 1934-D 25C Medium Motto MS67 PCGS. Realized $21,850.
  9. 1937 25C Doubled Die Obverse MS66 PCGS. CAC. Realized $21,150.
  10. 1941-D 25C MS68 PCGS. CAC. Realized $20,700.
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
Tiffany Kashmir Sapphire Gold Ring May Bring $175,000

Kashmir Sapphire, Diamond, Platinum-Topped Gold Ring, Tiffany & Co.
A Tiffany & Co. Kashmir sapphire diamond platinum-topped gold ring could sell for $175,000+ to lead Heritage Auctions' Fine Jewelry Signature Auction April 29 in New York. The auction is a mosaic of unique creations spanning the Georgian era to the present day.

Jill Burgum, Heritage's Senior Director of Fine Jewelry, said experienced jewelry connoisseurs can expect a robust selection of estate jewelry, rare colored gemstones, and name brand designs both contemporary and vintage.

"White and fancy colored diamonds from 2.00 to 11.00 carats also play an impressive role in the upcoming auction," she said. "A highlighted lot is an 11.03 carat pear-shaped diamond accompanied by a GIA certificate stating I color, VS2 clarity and carries a pre-sale estimate of $150,000+."

Colombian Emerald, Diamond, Gold Ring, Kurt Wayne
Colored gemstones captivate the eye with vibrant bursts of color and leading the auction's extensive selection is a Columbian emerald and diamond ring by Kurt Wayne, accompanied by GIA and AGL certificates, valued at $150,000. A rare Emerald White Gold Necklace — featuring the 3.40 carat Heart of Carolina Emerald — is estimated to sell for $25,000+. The heart-shaped emerald is incredibly rare as North America is not known for producing emeralds — outside of one area, Hiddenite, N.C. The Heart of Carolina Emerald was discovered in 1998 and ranks as #13 on the list of largest emeralds ever mined in North America.

Fancy Intense Yellow Diamond, Diamond, Gold Ring
A Fancy Yellow Diamond, Diamond, Gold Ring, from the private collection of Toni Tennille of American recording artists Captain & Tennille and set with two yellow diamonds weighing a total of approximately 4.73 carats and enhanced by full-cut diamonds, could sell for $60,000+.

An extremely rare Archaeological Revival 'Cave Pearl' necklace by legendary goldsmith Carlo Giuliano, in its original fitted box, could sell for $40,000+. Fashioned from diminutive limestone deposits subjected to millennia of water dripping deep inside a cave, the 100+ year old necklace is the oldest piece in the auction. Another Victorian find, an exceptional Natural Pearl, Diamond, Ruby, Silver-Topped Gold Brooch, features a natural baroque pearl notable for its exceptional size, fine condition and natural origin. The brooch is enhanced by a second natural baroque pearl, which increases the pieces' gross weight to an impressive 18.90 grams, could sell for $40,000+.

Jadeite Jade, Gold Bracelet, Angela Cummings for Tiffany & Co.
"Name brand designs by firms such as Cartier, Tiffany and Van Cleef & Arpels remain popular purchases among our clients and we expect some recent additions will bring added attention and increased bidding," Burgum said. "I am excited to offer a single owner collection of Angela Cummings designs for Tiffany & Co., including an Opal, Black Onyx, Gold Bracelet, estimated at $9,000+; an iconic Jadeite Jade, Gold 'Lotus Root' Bracelet, estimated at $7,000+; and a Coral, Jasper, Gold Bracelet, which could sell for $9,000+."

More information about fine jewelry auctions.

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Instant Quiz
Trivia

1. In which of the following current states were Territorial gold pieces never minted?
       A) Georgia
       B) North Carolina
       C) Oregon
       D) South Carolina
       E) Utah


2. Who designed the Washington quarter?
       A) Felix Schlag
       B) Hermon MacNeil
       C) James Fraser
       D) John Flanagan
       E) Laura Gardin Fraser



Last week's question:

1. What is the highest denomination coin ever issued by the US mint?
Correct Answer: E) $100 (41%).

2. Besides the switch from bronze to zinc, which of the following is the 1982 cent known for?
Correct Answer: B) Large and small date varieties (63%).


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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
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April 23 - 25 & 28 CSNS Currency Signature Auction - Chicago #3527
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April 24 & 28 CSNS World Currency Signature Auction - Chicago #3525
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April 13
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Weekly World Coin Auction
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April 17
Monthly World and Ancient Coin Auction - Selections from the Eric P. Newman Collection
Monthly Selections from the
Eric P. Newman Collection

April 24
 
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May 8 - 10 Fine Silver & Vertu Signature Auction - Dallas #5166 May 8 - 10 Fine Silver & Vertu Signature Auction - Dallas #5166
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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
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April 13
Sunday Internet Comics Auction
Sunday Comics
April 13
Sunday Internet Movie Poster Auction
Sunday Sports
April 13
Tuesday Internet Watch & Jewelry Auction
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April 15
Weekly Internet Luxury Accessory Auction
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Weekly Internet Rare Books and Autographs Auctions
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