1787 PIECE Immunis Columbia, Eagle Reverse, Wide Planchet AU55 NGC. Breen-1136, W-5680, R-7. ...
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 17.5% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Rare Eagle Reverse, Broad-Flan, Breen-1136
One of Four Known
Ex: Parmelee, Ten Eyck, Newcomer, Green
There are two formats known for the 1787 Immunis Columbia coins. The narrow planchet coins are typically 26 to 27 mm., with about 100 examples known. The wide planchet overstrikes, such as this piece from the Eric P. Newman Collection, are about 29 to 30 mm., with just four examples believed to survive. Typically, overstruck coins used random coppers pulled from circulation to provide additional planchet stock. However, each of the known wide planchet Immunis Columbia pieces are on identical New Jersey varieties, suggesting the "random copper" theory is incorrect. Instead, it is almost certain that these Immunis Columbia pieces were coined alongside certain New Jersey coppers.
In New Jersey State Coppers, Roger Siboni, John Howes, and Buell Ish identify the broad planchet overstrikes as 1) an example in the Col. Phares O. Sigler Collection; 2) the present Newman coin; 3) an example in the 1976 ANA sale; and 4) the Garrett specimen.
The most detailed study available for these coins is "The 1787 'New York' Immunis Columbia, A Mystery Re-Ravelled," by Michael Hodder, in The Colonial Newsletter, January 1991, pages 1203-1235. Hodder examined all aspects of the issue and determined that these pieces were struck at the end of the 1780s, from late 1788 to the middle of 1789. Matthias Ogden likely produced the Immunis Columbia pieces at the Rahway Mint, where he also coined the New Jersey 16-S and 26-S varieties. Hodder writes:
"It is probable that the entire issue was planned for circulation, and was not struck to support Matthias Ogden's March 3, 1787 coinage proposal, but rather, to provide Ogden with another source of revenue free from the 10% seigniorage payable to the state on the New Jersey coinage."
Eric P. Newman wrote on the back of his envelope "Pattern by Ogden to get Federal franchise." Included in the envelope was an advertisement for the memorable example offered in this sale, offering pictures of the coin and saying:
1787 IMMUNIS COLUMBIA copper
Struck at the Rahway Mint as a pattern for Matthias Ogden's March 23, 1787
Petition to strike coppers for Congress.
While they disagree about the intent of the coinage, pattern or business strike, Newman and Hodder agree that the coiner was Matthias Ogden at the Rahway Mint. Others have suggested that the Immunis Columbia pieces were coined by James F. Atlee. Hodder responds:
"The identification of James F. Atlee as the die cutter for the Immunis issue is reexamined and challenged, suggesting a reappraisal of his role in all other copper issues that have traditionally been ascribed to his hand."
The present example is exceptionally original and high-end for the AU55 NGC grade, as indicated by the NGC Star designation. The coin is a highlight of the Eric P. Newman colonials, both for its rarity and its immaculate preservation. The oversized flan allows the Immunis Columbia design to be viewed in its entirety, including all dentilation, the legends, and a full date. Ample evidence of the undertype exists on both sides of the coin, especially at the margins where a second row of dentils remains from the undertype. Rich, medium-brown surfaces are glossy and softly lustrous - boldly struck, with hints of orange-brown patina around the sharp devices. It is believed James Atlee made the dies for this eagle-reverse variety as well as for a second design, the crudely made 1786-dated pattern, aptly dubbed the "pterodactyl" variety.
The 1787 broad-flan design is not to be confused with the more common Immunis Columbia pieces that were struck on smaller diameter planchets, with the legends and/or the date running off the too-small flans. Those coins are thought to have been struck later than the broad-flan coins, possibly at the Rahway mint in 1788 or perhaps even later, after Matthias Ogden established a new mint in Elizabethtown, NJ.
Ogden was a notable Revolutionary War figure and served as a member of the state's legislative council in 1785. He supervised his partners at the Rahway mint and held a surety bond, which allowed him to take control of the Rahway mint's assets and the firm's New Jersey copper cent contract after a falling out of the partners doomed the Rahway operations.
Ex: Lorin G. Parmelee Collection (New York Coin & Stamp, 6/1890), Lot 596; James Ten Eyck; Albany Historical Society; James Ten Eyck (B. Max Mehl, 5/1922), Lot 845; Waldo Newcomer (circa 1931 via B. Max Mehl); "Colonel" E.H.R. Green; Green Estate; B.G. Johnson in the early 1940s; Eric P. Newman, purchased for $50.00; Eric P. Newman Numismatic Education Society. (PCGS# 841)
Service and Handling Description: Coins & Currency (view shipping information)