Press Release - January 4, 2002

The Morris Silverman Collection of Silver Dollars to Anchor Heritage’s Central States Auction

Dallas, TX -- The magnificent Morris Silverman Collection of Silver Dollars, one of the finest such holdings ever to be assembled, will anchor the official auction presented by Heritage Numismatic Auctions, Inc. at the Central States Numismatic Society (CSNS) convention. The Heritage Signature auction will take place April 25-27 at the CSNS show in Columbus, Ohio.

"The importance of this collection to Dollar specialists cannot be overemphasized," stated Greg Rohan, Heritage’s Executive VP. "Morris Silverman has been working diligently on this set for more than two decades, and he possessed both the numismatic talent and the financial wherewithal to assemble an amazing world-class collection. Containing more than 400 Dollars in Mint State and Proof, it stands as the single most impressive group of dollars that our staff has seen in the 35 years we have been in business. In honor of Mr. Silverman’s achievement, we will be presenting this collection in a separate, full-color catalog."

"Few collectors," added HNAI Director Bob Korver, "have the intensity or the resources to pursue the entire range of American dollars - in any grade, much less Mint State & Proof! Many will attempt the Peace Dollars, but few can hope to complete their Morgan Dollars. Mr. Silverman has gone well beyond that, with superlative examples of Continental Dollars, Bust Dollars, Gobrechts and other Patterns, Seated Dollars, and Trade Dollars. The quality of the coins reach well beyond the Dollar specialists to include all type collectors seeking exceptionally fine examples."

In addition to the thousands of numismatists attending the CSNS convention, the Silverman Collection will also be featured on Heritage’s award-winning website. "Every lot in the Silver Collection," continued Korver, "will be imaged in full-color at http://www.HeritageCoin.com , both before the sale for the benefit of our 44,000+ registered bidders, but for future generations as well in our Permanent Auction Archives. Images of the following highlights are currently available at HeritageCoin.com, Upcoming Auction Highlights, so the entire numismatic world can get a preview of this history-making event."

Mr. Silverman’s earliest exposure to numismatics consisted of "tossing the odd coin into a cigar box." His serious interest in rare coins came during the great silver boom 1979/1980, which resulted from the Hunt Brothers’ attempt to corner the world silver market. Nelson Bunker Hunt & William Herbert Hunt, with associates, controlled more than 200 million ounces of silver, about half of the world's deliverable supply. As silver prices soared, Mr. Silverman was buying coins in bulk for his business, one of the nations largest independent chain of financial services stores. As he looked through the bulk purchases, he found more than 10,000 coins of value, of which some 500 held numismatic interest. These "finds" precipitated Mr. Silverman’s decision to become a serious coin collector in 1980.

Mr. Silverman decided to specialize in only one denomination so he could develop real expertise instead of being "a bit player in the entire numismatic market." Mr. Silverman selected Dollars as his specialty; as a student of history, he recognized them as "the quintessential American coin, the circulating coin of the American dream for the vast majority of the tens of millions of ordinary citizens who labored on America’s growth for more than two centuries." As his expertise grew, so too did his collection. As well as striving for completeness, Mr. Silverman was also constantly upgrading whenever finer coins came on the market.

The results of his efforts are evident in the following list of highlights, but the entire collection must be viewed to truly appreciate this incredible achievement. Images of these highlights and others are currently available at http://www.HeritageCoin.com , Upcoming Auction Highlights.

1776 Continental $1 CURENCY, Pewter MS64 PCGS
1776 Continental $1 EG FECIT, Pewter MS64 PCGS
1795 $1 MS64 NGC
1799/8 $1 - 13 Stars Reverse MS62 PCGS
1801 $1 MS62 NGC
1802 $1 MS62 NGC
1836 $1 Silver J-60 PR62 NGC
1838 $1 J-84 Restrike PR64 PCGS
1839 $1 J-104 Restrike PR63 PCGS
1839 $1 Gobrecht PR64 NGC
1842 $1 PR62 PCGS ex: Pittman
1845 $1 PR66 NGC
1846 $1 PR64 PCGS
1847 $1 PR65 NGC
1848 $1 PR64 NGC
1851 $1 AU58 PCGS
1851 $1 PR63 Restrike NGC
1852 $1 PR64 Restrike PCGS
1854 $1 PR64 NGC
1870-CC $1 MS63 NGC
1872-S $1 MS64 PCGS
1873 $1 MS65 Seated PCGS
1873-CC $1 AU53 Seated PCGS
1875-S/CC Trade $1 FS-012.5 MS65 NGC
1884 Trade $1 PR63 PCGS Ex: Norweb
1884-S $1 MS63 PCGS
1892-S $1 MS66 PCGS
1894-O $1 MS65 PCGS
1895 $1 PR68 NGC Jack Lee
1896-O $1 MS65 PCGS
1899-S $1 MS67 PCGS
1921 $1 Peace Satin PR64 NGC
1921 $1 Peace Matte PR65 NGC Jack Lee

The Heritage name is recognized worldwide for bringing unparalleled value to every consignor and bidder. Year 2001 sales exceeded $150 million and assets were approximately $30 million as audited by Arthur Andersen & Company. HeritageCoin.com is the Internet's most popular and highly trafficked rare coin site, with over 44,000 registered members. HeritageCoin.com is the only coin site chosen twice by Forbes 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.

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