1861-S $20 MS63 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 $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.
- 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
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
- 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).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- 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.
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.
Select Mint State, Tied for Finest Graded
In this year that the Civil War began, the San Francisco Mint would make 768,000 double eagles with the Normal Reverse (as here) and 19,250 pieces with the rare Paquet Reverse. The present Normal Reverse example, certified MS63 by NGC, is one of the finest known at either service. It is the sole example so certified at NGC; PCGS also reports but a single specimen in that grade. Since the PCGS specimen is depicted on the CoinFacts website, we see that the two pieces are different, but they appear markedly similar in terms of overall quality.
The S.S. Brother Jonathan was so-called in much the same way that Americans today refer to Uncle Sam; Brother Jonathan was another nickname for America during the 1850s. The ship was owned from 1853 by the famous Commodore Cornelius Vanderbilt, and San Francisco was her home port. On her outbound voyages she sometimes carried a million dollars' worth or more of gold coins and bullion. In 1854 she assisted in the rescue of the S.S. Yankee Blade, shipwrecked on the way to Panama (see the 1854-S double eagle in this sale). The ship later changed hands numerous times.
Post-California Gold Rush strikes in Idaho, Oregon, and other places meant that the S.S. Brother Jonathan sometimes carried gold to rather than away from San Francisco. On July 30, 1865, the ship was steaming northward from San Francisco when she encountered a gale and struck an uncharted rock off the coast of Crescent City, California, rapidly sinking with millions of dollars' worth (today's value) of gold and 225 hapless passengers and crew. Only 19 souls made it to shore. In the 1990s the Deep Sea Research team finally located the wreckage, eventually bringing up some 1,207 gold coins.
Most of the coins recovered were double eagles from 1863-S to 1865-S, but some pieces were dated as early as 1834. The NGC Census Report shows 192 examples of the 1865-S in all grades attributed to the Brother Jonathan.
The present Select Mint State example of the 1861-S is one of only five Brother Jonathan examples at NGC, and it is the finest graded by far of those coins, as the second-finest are two pieces in AU58. It is also the finest NGC example regardless of provenance; the next finest non-Brother Jonathan coins are two coins in MS62 (10/11). This coin is orange-gold with frosty luster prevailing throughout both sides. The strike is well-executed, show full star centrils, good high-point hair definition, and bold detailing on the eagle feathers and glory of rays on the reverse. A few small contact marks account for the grade, most notable in the center of Liberty's cheek and a small scrape through the digit 1 in the date. The reverse is relatively free of abrasions, although some interesting die cracks join many of the peripheral letters, indicating the die-economy measures that prevailed during this era of Mint history at the branch mints: The Philadelphia Mint made all coinage dies, and it was a long, long way from there to San Francisco in the event more dies were needed.
From The Galt's Gulch Collection.(Registry values: N7079) (NGC ID# 269K, PCGS# 8935)
Service and Handling Description: Coins & Currency (view shipping information)