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February 10, 2006
This Week In Coin & Currency News
Heritage Presents Our 2006 11th Annual Auction Survey
Gold Glitters in Palm Beach Signature Auction!
Seldom Seen Selections: 1822 25/50C Capped Bust Quarter
Website tips: Auction Previews
Numismatic Glossary
Help Wanted: Numismatist
Around Heritage Auctions
Coin Club Outreach Program
Instant Quiz: Test your numismatic knowledge
Is It Time To Sell? 2006 April Atlanta, GA (ANA) Signature Auction
Current Auctions: 2006 March Palm Beach, FL Signature Auction, 2006 February Long Beach Online Session, 2006 March Palm Beach, FL Online Session, Exclusively Internet Auction, Continuous Internet Auction, Internet Currency Auction, Fine Art Monthly Auction, Amazing Sports Auction, Internet Movie Poster Auction, Amazing Comics Auction
Weekly Specials: Don't miss out on a great deal

Heritage Presents Our 2006 11th Annual Auction Survey
You Can Win a Certified Brilliant Uncirculated $20 High Relief!

Welcome to Heritage's 11th Annual Auction Survey! You can win a Certified Brilliant Uncirculated $20 High Relief, free gold coins, and other valuable prizes:

  • Grand Prize: Certified Brilliant Uncirculated $20 High Relief!
  • Second Prize: Five winners can auction up to $100,000 of their coins for free (no seller's commission).
  • Third Prize: Ten winners can auction up to $50,000 of their coins for free (no seller's commission).
  • Mint State Saints: In addition to the Grand Prize, there are three more ways to win!
    • Provide your ANA member number. You will then be entered in a special drawing, with one Saint given away for every 1000 members responding.
    • Provide your e-mail address. A special bonus drawing will be held.
    • Or enter to win on our website:
  • All respondents receive a coupon to auction one coin valued above $1,000 free of seller's commission ? a $50+ value!
  • Plus, anyone who fills out the survey and requests it, will receive a free copy of "The Collector's Handbook" on estate planning ? the PNG Book of the Year and the NLG Award for Extraordinary Merit.

Heritage is America's #1 Numismatic AuctioneerTM. In 2006, Heritage is the official auctioneer for F.U.N., the ANA in Atlanta, all three Long Beach Expos, both Palm Beach shows, and Central States in Columbus, OH. On our world-famous website, you'll find Signature Auctions, OnLine Auctions, Exclusively Internet auctions, Continuous Internet Auctions, Heritage Currency Auctions of America Signature Auctions, Heritage World Coin Auctions, and Internet Currency auctions. Free members-only services such as MyWantList,TM MyCollection,TM and MyHeritageTM are available on our award-winning website, Come visit to view full-color photographs of coins and currency, starting bids, pop reports, our Permanent Auction Archive, and current pricing resources!

By answering all of these questions fully, you can help Heritage provide more record-breaking events in 2006 and beyond. And remember, one lucky respondent who fully answers this confidential survey will:


Your confidential, completed survey must be received at Heritage by March 3, 2006, to participate in the drawings. Only one entry per person is eligible to win. Thank you, and good luck!

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Collector News
Gold Glitters in Palm Beach Signature Auction!

Heritage Auction Galleries' Palm Beach Signature Auction (March 2 & 3) offers an incredible array of American gold numismatic rarities, in addition to important coins from a wide range of collector specialties. The auction will be held at the Palm Beach Convention Center, 650 Okeechobee Boulevard at Florida Avenue, West Palm Beach, Florida.

While our Palm Beach Signature Auction of American coins has strengths throughout all series, there is no question that there are incredible rarities in all gold denominations. In fact, gold specialists will be able to pursue many "finest known" examples, a large number of coins in the top five known, and such incredible offerings as two proof High Relief double eagles.

Gold type and date specialists will be especially excited by the number of high quality Gem proof gold coins in the Palm Beach auction. Collections searching for coins with the finest eye-appeal and some of the most renowned pedigrees in numismatics will have plenty of coins to choose from. Additionally, we have many exciting Morgan Dollars from Part Three of the Michael Casper Collection, and the Houston Collection of Washington Quarters - the #1 NGC Registry set.

Highlights from the Palm Beach Signature Auction include:

The Palm Beach Signature Auction catalog is now available for viewing and bidding at

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Seldom Seen Selections: 1822 25/50C Capped Bust Quarter

Heritage will offer the finest known 1822 25/50C Quarter in our upcoming Signature Auction, to be held March 2 & 3 at the Palm Beach Convention Center, 650 Okeechobee Boulevard at Florida Avenue, West Palm Beach, Florida. This particular coin, graded MS66 by NGC, comes in a notch above two Gem MS65 coins reported, one by PCGS, the other by NGC.

This is one of the most famous engraving errors in American numismatics. The die engraver used the denomination punches for the half dollar, and first engraved 50 C instead of 25 C. Realizing the mistake, he corrected this by engraving the correct 25 over the 50, but he first placed the 5 punch way too low on the die, with the loop of the 5 into the dentils. The 5 punch was moved into proper position, and the denomination was finally corrected. Breen suspects that ailing Robert Scot was the engraver of this blundered die, and this conjecture would fit the evidence.

A question comes to mind as to why this reverse die was employed to coin proofs for the year--especially when proofs are known of the perfect die 1822 quarter. Were these blundered die proofs struck first, or later when additional proofs were needed? Both share the same obverse die, perhaps the new perfect reverse die was not prepared until after the initial proofs were struck using the blundered die. The answer lies in careful study of the few proofs from each die pairing, to figure out which came first based on the condition of the obverse die. What is known, is that the 25/50 blundered reverse die has proven to be one of the most coveted of the Capped Bust quarters. Remarkably, the Philadelphia Mint shelved this die after the small issue of proofs and general circulation strikes in 1822, only to resurrect this same reverse and strike more quarters with it in 1828.

It is all but certain that this coin was struck soon after the handful of proofs were made from this pair of dies, as the present coin is an early die state and shows so many of the characteristics of a proof. Walter Breen considered this particular coin to be a proof, others a business strike.

The toning is a delight to behold for any experienced collector with lilac-gray throughout mixed with splashes of blue and yellow-gold near the devices. Many of the silver coins from the Eliasberg Collection had toning that matched this present coin as they were stored in the same type of holders and environment for decades. The devices are frosty while the fields show prooflike reflectivity, except for a small satiny area before Liberty's neck surrounding a small nick.

As to the strike, the central devices and legends are sharp save for the uppermost portions of the talons on the eagle, and the obverse stars generally lack their radial lines except for star 10 which is sharp, matching the characteristics of the proofs from this die pairing.

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Website Tips: Auction Previews

If you're familiar with the Heritage website at all, you'll know that one of the first things you see when you go to the home page is a listing of all current Heritage auctions. Each of these auctions is open for Internet bidding, and you can search and bid on these items to your heart's (and wallet's) content.

Sometimes, though, you may be interested in an auction that has not yet opened, just to see what might be available once the auction does open for bidding. If you are interested in this kind of information, Heritage provides Auction Previews for you. Just look below the list of current auctions on the homepage for a list of all auctions where previews are available.

Our auction previews let you watch our auctions grow. We post individual lots in our previews as soon as they have either a description or a picture, so you don't have to wait until the auction is posted to get an idea of the items you want. It is possible that a coin in our auction previews may not have a complete description or an image - yet - but we will continue to add information as we approach the auction posting date. If there's an auction you're interested in, check back often, as information will be added to the previews until the time the auction is ready to post.

We have upgraded the pages for previewed lots and auctions in order that they appear more like those covering auctions currently open for bidding. Now, these pages will contain full information about the auctions, updated as soon as we know it, including bidding dates, buyer's premium amount, sales tax information, and so on. The only real difference between this preview page and one that covers an item up for bidding is the lot number, which is the last thing assigned to an item, and the ability to bid. But you can still track any item in previews exactly the same way that you would do so if the item is open for bidding - and you will be able to bid on the item from MyTrackedLots as soon as the auction starts!

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Numismatic Glossary:

Engraver: The person who imparts a coin's design onto dies or hubs; similarly, the person who imparts the design for a piece of currency onto plates.

Paper Medium used to print currency. While money has been printed on paper for centuries, most paper used for today's paper money is a form of linen. Indeed, some countries now print their currency on forms of plastic.

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Help Wanted: Numismatist

Heritage Auction Galleries, Dallas, Texas is seeking a talented numismatist for our sales department. Duties include assisting dealers and collectors and auction consignors in person and by telephone, evaluating prospective purchases, in Dallas and shows and conventions. Salary commensurate with numismatic skills and sales experience.

Please contact Paul Minshull at with your background and experience.

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Around Heritage Auctions

Buddy Holly's Wristwatch, Early Recordings To Be Offered By His Widow In April Auction

The diamond wristwatch worn by rock music pioneer Buddy Holly "the day the music died" will be offered in a public auction by his widow along with over 100 other personal items. Holly was wearing the watch on February 3, 1959, when he and singers Ritchie Valens and J.P. "The Big Bopper" Richardson were killed in a plane crash in Iowa.

"Buddy Holly's widow, Maria Elena, has consigned the watch, unreleased music recordings and a treasure trove of other personal items that will be offered in a Auction, April 14 and 15, to let his legion of fans own a part of Holly's legacy," said Doug Norwine of Heritage Auction Galleries in Dallas, Texas.

The diamond and white gold Omega wristwatch is inscribed on the back, "Buddy Holly 12-1-58," the date his bride of four months gave it to him as an early Christmas present. It was recovered at the site of the plane crash by investigators and later worn by Holly's father in their hometown of Lubbock, Texas.

"Fans know about the watch and I'm frequently asked about it," said Maria Elena, who married Holly on August 15, 1958, just months before the tragic accident.

"I have kept these items that were Buddy's through all these years, and I feel it is now time to share them with the fans out there," added Mrs. Holly.

Norwine said the sale will include more than twenty original acetate recordings made by Holly dating back to 1955.

"These include early demo versions of his most famous songs, 'That'll Be The Day,' 'Peggy Sue,' and 'Maybe Baby,' plus some songs previously unheard by the general public. His 1958 passport and United Kingdom work permit for his historic March 1958 concert tour in England will also be offered. That tour introduced Holly's artistry to an emerging new generation of British musicians, such as The Beatles and Rolling Stones, and his style laid the foundation for what would become known as the British Invasion."

Holly was an avid photographer and apparently planned to make a scrapbook from the many photos he took while on tour. Several dozen of his photographs, all signed or annotated by him, will be offered in the sale, including a poignant silhouette of Holly sitting next to an airplane window.

Personal wardrobe items in the auction will include Holly's suits, shirts, ties and cuff links.

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Coin Club Outreach Program

In a move to help strengthen the coin hobby and increase membership in America's coin clubs, Heritage has created the Coin Club Outreach program.

The Coin Club Outreach program features a speaker's bureau to deliver presentations at coin club meetings, promotional items to be offered to clubs to help generate revenue and enlist new members, and access to the Heritage website and mailing list of over 150,000 active coin and currency enthusiasts. Anyone interested in scheduling a speaker for a coin club or other collector group is invited to contact:

David Lisot, Director
Heritage Coin Club Outreach
1-800-872-6467 ext. 303

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Heritage Interactive
Instant Quiz

NEW: Instant quizzes and polls twice a week at!

Answer these quick questions and see how you stack up against your peers.

1. What was the last date the US minted one dollar gold pieces?

2. What is the date of the coin pictured in this Pan and Zoom closeup?


Last week's questions:

1. In the Overton cataloging system used for Bust Half Dollars, what would be the relationship between a coin cataloged as O-101 and a coin cataloged as O-101a?
Correct Answer: O-101a is a later die state than O-101 (73%).

2. One 1870-S $3 gold piece is known today. Where is it?
Correct Answer: At ANA Headquarters in Colorado Springs (67%).

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Is It Time To Sell?

The Atlanta ANA Advantage

Heritage delivers for you all of the advantages needed to achieve top market prices in our 34th Official ANA Auction...

  • The hottest rare coin market ever
  • A numismatic venue of tradition — Atlanta
  • The incredible demand of motivated ANA visitors
  • Demand from 220,000+ registered bidder-members on our website
  • Our exclusive Permanent Auction Archives enshrine your collection
  • Marketing your consignment to the world
  • Our exclusive Interactive Internet bidding systems to maximize prices
  • Award-winning catalogers and the best images on the web or in print
  • The most experienced ANA auctioneer

Only Heritage, the world's numismatic auction leader, delivers all of these advantages, making this a truly exceptional selling opportunity. This was the same decision made by the consignor of the magnificent Duke's Creek Collection of Dahlonega Gold. Great anchor collections like this ensure that the attention of the numismatic world will be focused on Atlanta and on your coins.

To participate in this auction, please call our Consignor Hotline today: 1-800-872-6467, ext. 222

2006 April Atlanta, GA (ANA) Signature Auction
Sale on April 7 to April 9, 2006
Consignment Deadline: February 23, 2006

Leo Frese
Director of Consignments
1-800-US-COINS ext. 222 (24 hour voice mail)

Interested in Selling?
What's My Coin Worth?
Get the Most Money for Your Collection
Consign to a Heritage Auction

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Current Auctions


Rare Coins
Closes Tue. Feb. 14
at 10:00 PM
View Lots
Rare Coins
Closes Sun. Feb. 12
from noon to 10:00 PM
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Rare Currency
Closes Tues. Feb. 14
at 10:00 PM
View Lots

Rare Coins
Location: Palm Beach, FL
Auction: 2006 March Palm Beach, FL Signature Auction #412
Auction Dates: March 2-3, 2006
Note: Internet Absentee Bidding Ends at 10 PM CT the night before the floor session of any particular lot.
Browse Lots by Category

Rare Coins
Location: Long Beach, CA
Auction: 2006 February Long Beach Online Session #401
Auction Dates: February 13, 2006
Note: Internet Absentee Bidding Ends between 6 PM and 10 PM CT.
Browse Lots by Category

Rare Coins
Location: Palm Beach, FL
Auction: 2006 March Palm Beach, FL Online Session #413
Auction Dates: March 6, 2006
Note: Internet Absentee Bidding Ends between 6 PM and 10 PM CT.
Browse Lots by Category
Paintings, Silver, Art Glass and Antiques and more...
Closes Sunday, February 26, 2006 at 5:00 PM
View current auctions.
Sports cards, autographs, collectibles, and more...
Closes Sunday, February 26, 2006 at 10:00 PM
View current auctions.
Movie posters, lobby cards and more...
Closes Sunday, February 12, 2006 at 10:00 PM
View current auctions.
Comics, comic art and more...
Closes Sunday, February 12, 2006 at 10:00 PM
View current auctions.

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