1810 $5 Large Date, Large 5 MS66 NGC....
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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.
Reserve (If Any) Not Posted Yet:
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.
Consignor Has Not Yet Submitted a Reserve:
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.)
Reserve Not Met:
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: 15% of the successful bid (minimum $9) 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.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- 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
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- Send an e-mail to EPPGroup@HA.com indicating the invoice number and your intention to use the Extended Payment Plan.
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.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
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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.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
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|Auction Ended On:||Jan 10, 2008|
8 Internet/mail/phone bidders
2,398 page views
Orange County Convention Center
"The half eagle was viewed by the founding fathers as an integral part of the nation's future circulating coinage. When the mint was established April 2, 1792, the legislation contained provisions for three gold coins. ... Because it was one of the first coins authorized, it seems clear that Congress and President Washington felt certain the half eagle would have a place in our coinage.
"This was further shown in the mint's early days. At the time, the mint had no way of supplying metal from which to make coins. Mint officials were forced to shop all over the world to find acceptable supplies of copper for smaller denominations. Great Britain, so recently a deadly foe, became a major force.
"Bad as it might seem, it was even worse when it came to acquiring silver and gold. Silver could be obtained by melting foreign coins, which were abundant in circulation. Gold, however, was a troublesome situation; there were hardly large quantities of gold coins floating through the channels of commerce. ...
"It took almost three years before there was any gold at the mint. A Boston merchant named Moses Brown showed up at the door one day with gold bullion--$2,276.22 in all--for the first recorded sale to the new government.
"Whatever gold may have been on hand was clearly not enough to justify production of gold coins. With the Brown deposit, that situation changed, and the wheels were set in motion for the first U.S. gold coins."
By 1810, the half eagle was still seldom seen in commerce, but the denomination had gone through several design changes. The Capped Bust Left design was engraved by John Reich in 1807 and ran through 1812. In 1810, four date and denomination variants were struck. Of those, the Large Date/Large 5 is the variety usually encountered for the year.
Early gold coins are extremely rare in MS66, regardless of the grading service. Only two other MS66s have been certified of the Large Date/Large 5 five dollar, one other NGC coin and one by PCGS (12/07). The single standout feature of this piece is its thick, frosted mint luster. It rolls around each side as the coin is tilted beneath a light, and only the most insignificant luster grazes are evident. The surfaces have a rich green-gold color with none of the red that is usually seen on early gold. The obverse devices are fully struck with complete radial lines on all the peripheral stars. On the reverse there is just the slightest softness of highpoint definition on the feathers of the eagle. An outstanding early type coin and worthy of the finest gold type set.
From The Madison Collection.(Registry values: P2) (NGC ID# 25PG, PCGS# 8108)
Service and Handling Description: Coins & Currency (view shipping information)