1846 25C PR65 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.
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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!
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Consignor Has Not Yet Submitted a Reserve:
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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
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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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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.
The Kaufman Specimen
Numismatic researchers generally believe the extant population is somewhere between 10 and 15 specimens. Our estimate leans toward the low end of that range, based on the following roster of nine specimens:
1. PR65 NGC. The present coin. Heritage (4/2008), lot 2385. We were unable to obtain a definitive match with any of the specimens listed below.
2. PR65 NGC. John Jay Pittman (David Akers, 5/1998), lot 1712; Rarities Sale (Bowers and Merena, 8/1999), lot 140; Central States (Heritage, 5/2000), lot 7304; Stack's (9/2008), lot 4208. A spot between the arm and pole, another at the upper left reverse shield corner, a field mark above Liberty's foot, and a light field scratch paralleling the leg identify this coin.
3. PR65 NGC. Auction '83 (Paramount), lot 106; Jascha Heifetz Collection (Superior, 10/1989), lot 3614; Superior (10/2000), lot 4359; Goldberg Coins (6/2002), lot 2205; Stack's (3/2011), lot 1593.
4. PR64 PCGS. Rarities Sale (Bowers and Merena, 1/2002), lot 407; JFS Collection (Heritage, 8/2004), lot 4042; Long Beach Signature (Heritage, 9/2005), lot 2675; Philadelphia Signature (Heritage, 8/2012), lot 5120; FUN Signature (1/2013), lot 4143.
5. PR64. The Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/1997), lot 1439.
6. PR64. The Norweb Collection, Part II (Bowers and Merena, 3/1988), lot 1581.
7. Very Choice Brilliant Proof. Stack's (9/1997), lot 733.
8. Proof. Jerome Kern Collection (B. Max Mehl, 5/1950), lot 1437; Floyd T. Starr Collection (Stack's 10/1992), lot 404. Catalogers say "hairline scratch across obverse."
9. Proof. Smithsonian Institution.
Unlike some of the other 1846 proof quarters that reveal localized softness, especially in the star centers, the strike on the present offering imparts crispness to all of the design elements. Not only are the star centrils complete, but the straps on Liberty's foot stand out, as does the foot-sandal separation. The borders are squared off, and reflective fields yield pleasing contrast with the motifs. Beautiful toning enriches both sides, and consists of a mélange of dappled forest-green, beige-gold, lavender, and orange. Close inspection of the immaculately preserved surfaces reveals little in the way of pedigree markers-no contacts, planchet defects, or spots. All in all, a simply gorgeous Gem proof that is sure to elicit spirited bidding.
From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three (Heritage, 4/2008), lot 2385.
From The Greensboro Collection, Part III.(Registry values: P4) (NGC ID# 23W9, PCGS# 5540)
Service and Handling Description: Coins & Currency (view shipping information)