1839/8 $10 Type of 1838 PR61 PCGS....
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.
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: 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.
- 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.
Only Three Known, Two in Collectors' Hands
From the New England Rare Coin Galleries Set
Early in 1982, Heritage numismatist Marc Emory acquired this coin as part of a three-piece 1839 gold proof set. He relates the story of that acquisition:
"The morning after I arrived at the FUN show in Orlando in early January 1982, I called my European contacts as a matter of routine. To my astonishment, one of them said he had seen a nice trio of 1839 U.S. gold coins in high grade. I asked HOW high? They said 'extremely fine,' which in those days, was a very imprecise grade, indeed. I was excited as the same contact had brokered the sale to me of a proof 1839 quarter eagle and an 1839 proof No Drapery half dollar just a few weeks earlier. I consulted with my CEO [at New England Rare Coin Galleries], Jim Halperin, and asked him if he thought, as I did, that we might be talking about the first known complete set of 1839 proof gold. He said we couldn't afford to risk losing the deal.
"I turned right around from the warm Florida weather and flew back to Boston, got some winter clothes, ran back to the airport and caught a plane to Europe. Sure enough, it was an 1839 gold proof set. I trembled, as the feared European reception to my interest was forthcoming. I asked how much the trio cost, and the predictable response was, 'how much will you pay for them?' I didn't dare play with these people, as they were no beginners, even if they didn't quite understand the importance of what they were offering me. I asked them if they were aware that these coins were significantly better than just 'extremely fine.' They gave me a sly smile and nodded.
"I came up with a figure I hoped would satisfy them, and still leave us a margin when selling them in the U.S. Worse yet, I had to leave my offer while it was 'being considered,' which in Europe often means, 'we are going to offer the group to other Americans; you only get them if your offer is highest, and we reserve the right to tell them what you offered."
This amazing proof gold piece features the original distinctive Christian Gobrecht portrait of Liberty, known as the Type of 1838, an obverse design that only appeared in the first two years of the Liberty eagle series. The obverse die is overdated, the 9 punched over an 8. Short die file lines appear inside the reverse border, a few long enough to reach some letter tops. Otherwise, the reverse die is well-made. A slight clash mark appears over the eagle's left facing wing, seen on all three known proofs.
Although several stars are indistinct, the central obverse motif and the entire reverse design are crisp and complete. The rich yellow-gold surfaces show splashes of delicate bluish-violet overtones, with fully mirrored fields and satin devices. This piece was probably lightly cleaned at one time, like the other coins in this 1839 gold proof set; the surfaces show light hairlines that limit the grade. However, the eye appeal of this spectacular rarity remains strong.
Provenance Record of 1839 Proof Eagles
--PR67 Ultra Cameo NGC. Lorin G. Parmelee (New York Coin and Stamp Co., 6/1890), lot 1097; John Story Jenks (Henry Chapman, 12/1921), lot 5735; John H. Clapp; Clapp Estate; Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Ruddy, 10/1982), lot 662; Mike Brownlee; later, Goldberg Coins & Collectibles (9/1999), lot 1817; Bowers and Merena (8/2003), lot 4042. An anonymous document from the late 1980s or early 1990s, discussing the proof 1838 eagle issue, records this piece as part of the Harry Bass Collection. It is doubtful that Bass actually owned this coin, as it was not retained for his collection.
--PR66 Deep Cameo. U.S. Mint; National Numismatic Cabinet; Smithsonian Institution. Illustrated by Jeff Garrett and Ron Guth in Encyclopedia of U.S. Gold Coins 1795-1833.
--PR61 PCGS. This is the piece from the three-piece 1839 gold proof set that Marc Emory purchased in 1982 for New England Rare Coin Galleries. It appeared in the May 1993 Bowers and Merena offering of the three-piece set and is now offered individually for the first time since its discovery 30 years ago. The present specimen.(Registry values: P3) (NGC ID# 28EF, PCGS# 8771)
Service and Handling Description: Coins & Currency (view shipping information)