Press Release - June 10, 2003

Heritage Realizes Over $6 Million in May Long Beach Sales

Dallas, Texas: Heritage, the official auctioneer of the May 2003 Long Beach Coin Expo, realized over $6 million total with its U.S., World, and Ancients Signature Sales and a Bullet Sale held between May 29 and June 2. Conducted in four sessions, the U.S. Signature Sale had an unusually strong sell through rate of 91.1%, which will climb even further as bidders compete for Post-Auction BargainsTM currently posted at www.heritagecoin.com.

“Key date Morgan Dollars brought exceptional results,” noted Heritage President Greg Rohan. “An 1889-CC Dollar graded MS63 by PCGS achieved $23,575. A conditionally rare 1892-S Dollar, certified by PCGS as MS62, went to an internet bidder for $48,300. An 1893-S Dollar, MS61 PCGS, sold to the floor for a whopping $69,000. A proof-only 1895 Dollar, graded PR66 by NGC, brought $56,350.”

Rohan continued, “One of the most surprising results from the sale, however, was for a 1912-S Cent that was certified MS65 Red by PCGS. The Coin Dealer Newsletter suggests a price of $1,300, but it sold for a spectacular $27,600. A unique 1854-O with Arrows Seated Half, formerly owned by Reed Hawn and graded MS63 Specimen by NGC, realized $14,950. A 1917 Nickel encapsulated by PCGS as MS67 generated $12,650.”

The anchor consignments for the Signature Sale included the John Dabbert Collection of Hard Times and Civil War tokens, the Philip Kaufman Collection of spectacularly toned Seated proofs, the CEO Morgan Dollar PCGS Registry Set, and diverse offerings from the Ron Julian estate, noted attorney Brian Loncar, and the extraordinary Trane Collection. The highlight of the Heritage World Coin Auction Signature Sale was lot 11157, the unique Specimen 1888 Newfoundland Half Dollar, SP64 PCGS, which achieved $29,900.

Prices realized for all lots in the 2003 May Long Beach Signature Sale are posted online at www.HeritageCoin.com . Membership at that site is free, and, among numerous benefits, includes access to Heritage’s Permanent Auction Archives-a complete listing of prices realized, descriptions, and images for all Heritage Signature Sales, Bullet Auctions, and Exclusively InternetTM Auctions from 1993-date, as well as all Heritage-CAA Signature Sales and CurrencyAuction.comTM online auctions.

Highlights from the May 2003 Long Beach Signature Sale:

1776 Continental Dollar, CURENCY, MS62 NGC, realized $28,175
1776 Continental Dollar, EG FECIT, MS62 PCGS, realized $33,350
1858/7 Cent, MS65 PCGS, realized $41,400
1912-S Cent, MS65 Red PCGS, realized $27,600
1864 Two Cent Piece, Small Motto PR65 Brown PCGS, realized $31,050
1917 Nickel, MS67 PCGS, realized $12,650
1874 Arrows Dime, PR65 PCGS, realized $12,650
1854-O Arrows Half Dollar, MS63 Specimen NGC, realized $14,950
1889-CC Morgan Dollar, MS63 PCGS, realized $23,575
1892-S Morgan Dollar, MS62 PCGS, realized $48,300
1893-S Morgan Dollar, MS61 PCGS, realized $69,000
1895 Morgan Dollar, PR66 NGC, realized $56,350
1807 $2 1/2, MS63 PCGS, realized $34,500
1795 $5 Small Eagle, Breen 1-C, MS62 NGC, realized $40,250
1891-CC $10, MS64 NGC, realized $26,450

Images, descriptions, and prices realized are available in the Permanent Auction Archives at the Heritage website, www.HeritageCoin.com. The Heritage name is recognized worldwide for bringing unparalleled value to every consignor and bidder. Year 2002 sales exceeded $170 million ($92 million at auction) and assets were approximately $30 million. HeritageCoin.com is the Internet's most popular and highly trafficked rare coin site, with over 81,000 registered members. HeritageCoin.com is the only coin site chosen twice by Forbes.com’s Best of the Web (1999 and 2001) as one of the 250 best websites on the Internet, and also won the most recent Numismatic Literary Guild award for Best Numismatic Internet Site. For more information on how to consign your coins to our next Sale contact one of our consignment coordinators at 1-800-US COINS (800.872.6467). We also invite you to visit us on the web at http://www.HeritageCoin.com
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