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Press Release - May 29, 2003
Heritage to Auction Chet Krause Collection of Canadian CoinageDallas, Texas: The Heritage World Coin Auctions January 12, 2004 sale, held in conjunction with the New York International Numismatic Convention at the Waldorf-Astoria Hotel in New York City, will feature the Chet Krause Collection of Canadian and Maritime Provinces. This important collection contains dozens of Choice to Gem Uncirculated pieces, many originating from the famous John Jay Pittman, Jr. Collection.
Chester Lee (Chet) Krause was the founder of Krause Publications and co-author of the Standard Catalog of World Coins. He started his publishing venture in Iola, Wisconsin in 1952 with Numismatic News. This initial publication soon led to numerous other books, magazines, and periodicals in widely diverse fields of games, hobbies, and collectibles.
The highlight of the Krause Collection is a Mint Red example of the exceedingly rare 1936 Dot Cent. With only three pieces extant, and none in the Bank of Canada Collection, the Dot Cent is the undisputed North American Small Cent rarity. The Belzberg 1936 Dot Cent sold by Heritage in January brought $230,000, a new price record for any North American Small Cent. The Chet Krause example is the famous coin stolen from Pittman in 1964 and later mysteriously returned in an envelope by the thieves. Some considered this piece to be a business strike (Pittman and Jim Charlton), while others considered it to be a Specimen striking. This highly important piece was purchased by Pittman in the 1961 CNA sale and was originally the property of Maurice LaFortune, a former employee of the Royal Canadian Mint.
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 For more information about how to consign to this event, contact Warren Tucker at 800 US COINS ext 287.