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  This Week In Coin News

  Collector News

Spectacular British, Islamic Collections headline NYINC event

Safavid, Sulayman I, 1078-1105 / 1668-1694, gold 16 ashrafis (47.25mm, 57.1g)
Safavid, Sulayman I, 1078-1105 / 1668-1694, gold 16 ashrafis (47.25mm, 57.1g)

An unprecedented selection of high-grade ancient and world coins — ranging from the dawn of numismatics to most modern corners of the globe and featuring several important collections — highlights the 2,800+ lots in Heritage's Auctions' Jan. 6-7 World & Ancient Coins Signature® Auction and an additional 3,400 lots offered Jan. 15-16 during Internet sessions on Heritage Live.

"Unquestionably, if you are a collector of world and ancients, I am certain that you will find one or many great additions to your collection," said Cristiano Bierrenbach, Executive Vice President of Heritage. "These two events represent the most depth and diversity Heritage has ever offered in the long history of world and ancients in our company."

Several important collections anchor the NYINC auction event and include The Sunrise Collection of Islamic Coinage, one of the most comprehensive collections ever assembled with a special focus on Persia (modern Iran) and Mughal India. Assembled by a California collector over a 40-year period, the collection contains nearly 900 gold, silver and bronze coins dating back to within a few decades of the Hijra, Mohammed's exodus from Mecca to Medina in 622 AD.

Chief among these is a spectacular gold medallion struck by the Safavid Persian Shah Sulayman (1668-1694), another gold medallion struck by the Qajar Dynasty ruler Fath ‘Ali Shah (1797-1834) and a superb portrait gold Mohur of the Indian Mughal Emperor Jahangir (1605-1628), depicting the ruler delicately sipping from a goblet.

"The collector has a terrific eye," said David Michaels, director of Ancient coins for Heritage. "Featuring graceful Islamic calligraphy and design, virtually every coin is a perfect specimen and many are extremely rare or unique."

Victoria Gothic Crown 1847
Victoria Gothic Crown 1847

The auction's selection of modern world coins is highlighted by The Kairos Collection, a group of 19th century British coins holding particularly beautiful examples of an 1847 Victoria Gothic Crown, displaying virtually flawless surfaces, an 1831 William IV Proof Crown, and an 1871 Victoria gold Proof Sovereign, of which no more than 20 of the type are known.

"Many of the coins in the Kairos collection shouldn't really exist in such superior condition," said Bierrenbach. "The excitement over the jewels in this collection started early when the images were first loaded to HA.com. I can't wait to see these wonderful coins cross the auction block at NYINC."

Additional notable collections include The Cecil Webster Collection of Costa Rica, which includes many scarce and rare issues of the Central America Republic and Costa Rica; The Ariagno Collection, holding a wide range of European rarities including a rare large 12 Ducat of 1629 from Austria; and The Elizabeth Charters Collection, featuring further gems and super gems from Great Britain, German states and other European issues.

Further highlights include, but are not limited to:

Pedro II gold Ingot of Serro Frio 1832
Pedro II gold Ingot of Serro Frio 1832

Two Rare Brazilian Ingots rarely offered at auction. The first, a Pedro II gold ingot of Serro Frio 1832 includes a Guia or certificate — one of a handful Ingots are known to exist with their respective Guia. The second, a Joao VI gold ingot of Goias 1821, comes from the mines of the remote state of Goias and is one of the toughest types to find.

A classic large gold Nicholas II gold 25 Roubles of 1896.

George III pattern gold 2 guineas 1768 George III pattern gold 2 guineas 1768
Two Proof Double Guineas of Great Britain, the first being Tanner's exquisite 1768 George II pattern gold double guinea and the second being a 1733 Young Laureate Head George II pattern gold double guinea, both of which are of importance and beauty.

A perfectly struck proof of an 1862 Essai 100 Francs of France, the finest example ever offered by Heritage.

George V gold Sovereign 1926-S George V gold Sovereign 1926-S

Leopold I gold 5 Ducats 1703-NB Leopold I gold 5 Ducats 1703-NB

Republic gold Dollar ND (1916) Republic gold Dollar ND (1916)

A rare solidus of Avidus from the West Roman Empire of 5th Century AD.

One of the rarest gold Sovereigns, the 1926-S Australia in MS64.

A gorgeous large gold 1703 5 Ducat of Hungary in choice uncirculated condition.

A scarce and choice 1916 Gold Dollar of China.

A beautiful Siculo-Punic silver tetradrachm of circa 320-315 BC depicting Queen Dido, the legendary founder of Carthage.

An enormous 67mm bronze medallion of the Roman Emperor Antoninus minted to mark the 900th anniversary of the founding of Rome, and depicting Prometheus and the goddess Minerva fashioning the first man out of clay.

This auction is open for bidding now at HA.com/Coins.

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Young Numismatist Essay Contest #2 Winner

Heritage Auctions holds a quarterly essay contest to encourage and support young numismatists and budding authors. Contest rules can be found at HA.com/YNessay. Essays should be emailed to Korver@HA.com, or mailed to: Bob Korver (YN Essay Contest), Heritage Auctions, 3500 Maple Ave., Dallas TX 75219

Why Young People Are Not Interested in Coins
By Olivia Beauvais, Age 15, Massachusetts

An Old English proverb goes "you can lead a horse to water, but you can't make it drink." The same may be true for numismatics, but we'll get back to that later.

Last year, as a freshman in high school, I decided to proudly display my love of numismatics by wearing a Peace Dollar pendant to school. The first person to comment on it was an acquaintance who could be considered a friend. As soon as she saw the silver dollar around my neck, she said "what is that?" to which I replied it was a silver dollar. She said "Oh, I thought it was a giant nickel." As I went through the day I received other theories as to what the chunk of silver around my neck might be, ranging from a foreign coin to a replica. Each time, I would matter-of-factly explain that it was a United States Peace Dollar minted in 1923. Every single person I told this to did not even know the United States had ever made silver dollars.

I wondered why not a single person I came across seemed to be interested or knowledgeable in coins. I came up with a few theories. The first theory was that since there has been no major (obverse and reverse) design changes on circulating silver coins in our lifetime no one wanted to collect coins in which there was only one for every denomination. My second theory was that kids are just too lazy to gain the required amount of knowledge for collecting coins. The third theory was that young people did not know how many different coins exist.

What I found was the real cause is a combination of my first and third theories. Young people do not know that our coins ever looked any different or were made out of different metals. This being true, how could someone want to collect or study something that they didn't know existed?

Now we are getting back to the quote from above. "You can lead a horse to water but you can't make it drink". However, this would only be true in numismatics if young people were being introduced to different coins. Some young people are introduced to coins, either from relatives or educators and they are uninterested. Personally, my dad introduced me to coins but did not force them on me; it was a personal decision to start collecting. However, if my dad had not introduced me to coins I probably would not have found my passion in them. This seems to be the problem as to why young people have no interest in coins, no one has ‘led them to water' so to speak.

A couple weeks ago in history class we read David McCullough's Nobel Prize acceptance speech. In his speech, he talked about how history was being lost because our educators are uneducated and impassionate which causes young people to be uninterested. This made me think about how numismatics is being lost in our generation. If young people have not been educated on numismatics by someone who is passionate about the subject, they will take no interest in it.

This brings me to my final point, young people are not interested in numismatics because they have not been exposed to coins or someone with a passion in coins. People cannot become interested in something they don't know exists and they won't know collectable coins exist unless they are taught by someone passionate about them.

Bob Korver's comments: Olivia makes an interested point. We regularly think about mentoring and helping educate the beginning collector, but an introduction to rare coins and currency must always take place first. Help or guidance can come later. The Boy Scouts' Merit Badge in coin collecting serves as an excellent introduction, but that reaches only a small number of young people.

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Website Tips: Outbid Notices via Text Message

Heritage can now notify you immediately by text message when you are outbid on any auction lot.

To use this service, just go to MyProfile and enter your mobile phone number. We will send you a confirmation text message. To activate this service, just reply to the confirmation message with 'yes'.

Heritage doesn't charge for this service, but standard text messaging rates may apply from your carrier. Text messages will not be sent between the hours of 10:30 PM CT and 8 AM CT, and any messages queued up during that timeframe will be sent at 8 AM the next morning.

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This Week's Top Ten

The ten highest valued coins designed by Charles Barber to sell in Heritage auctions:

  1. 1913 5C Liberty PR64 NGC.
    1913 5C Liberty PR64 NGC.
  2. 1913 5C Liberty PR64 NGC.. Sold for $3,737,500.
  3. 1894-S 10C PR65 PCGS. Sold for $1,035,000.
  4. 1880 $4 Flowing Hair, Judd-1657, Pollock-1857, R.6, PR66 Cameo NGC. Sold for $488,750.
  5. 1915 P50C Panama-Pacific Half Dollar in Gold, Judd-1960, formerly Judd-1793, Pollock-2031, High R.8, PR64 NGC. Sold for $460,000.
  6. 1880 $4 Flowing Hair, Judd-1657, Pollock-1857, R.6, PR64 PCGS. Sold for $431,250.
  7. 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR67 NGC. Sold for $402,500.
  8. 1915 P50C Panama-Pacific Half Dollar, Judd-1960, formerly Judd-1793, Pollock-2031, High R.8, PR64 NGC. Sold for $345,000.
  9. 1880 $4 Flowing Hair, Judd-1657, Pollock-1857, R.6, PR65 NGC. Sold for $316,250.
  10. 1879 $4 Flowing Hair Judd-1635, Pollock-1832, R.3, PR67 Cameo NGC. Sold for $310,500.
  11. 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR67 * Cameo NGC. Both sold for $299,000.

Do you have a suggestion for a future top ten list? Send it to us!

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Reduced Auction Commissions When You Resell Your Winnings!

When you win any lot worth with a hammer price of $1,000 or more (or $2,500 for Art and Natural History lots), you will receive a coupon that entitles you (or your heirs) to re-consign that lot to Heritage at a reduced seller's commission. Selling through Heritage is a convenient and hassle free way to maximize your return (find out why). Maybe you'll need to make room in your collection for something better, perhaps your collecting tastes will change, or maybe it will be your heirs that benefit; but be sure to save the coupon, which could be worth hundreds or thousands of dollars.

  • Coins: 0% Seller's Commission for all items $1K or more.
  • Comics: 50% of the usual Seller's Commission for all items between $1K & $10K, and 0% for items $10K and over.
  • All Other Categories: 50% of the usual Seller's Commission for everything else over $1K ($2,500 for Art & Natural History).

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  Employment Opportunities

As the fastest growing American-based auction house, financially rock-solid Heritage Auctions continues to grow and seek the best talent in the industry. If you are a specialist or have strong general collectibles knowledge, we want to hear from you. These specialists will, in some cases, head new departments and in others will enhance existing department expertise. We have positions open at our headquarters in Dallas as well as at our new state-of-the-art galleries in prime locations in both Midtown Manhattan and Beverly Hills.

Heritage is seeking to hire the world's best specialists in the following categories:

  • 20th Century Design Specialist: Beverly Hills, New York
  • Asian Art Specialist: Beverly Hills
  • Comics & Comic Art Specialist: New York
  • European Art Specialist: New York
  • European Comic Art Specialist: Dallas, Paris
  • Fine Jewelry Specialist: New York
  • Firearms Specialist: Dallas
  • Modern & Contemporary Art Specialist: Beverly Hills, New York
  • Timepiece Specialist: Beverly Hills, New York
  • Trust & Estates Specialist: New York
  • World Coins Director: Hong Kong
  • World Paper Money Expert: Dallas/Remote

If you are interested and feel you have the qualifications we seek, please email your resume and salary history to Experts@HA.com.

We are also seeking to fill the following corporate positions:

  • Accounts Payable Clerk: Dallas
  • Cataloger — Currency: Dallas
  • Cataloger — Fine Jewelry: Dallas
  • Client Services Representative: Dallas
  • Collections Specialist: Dallas/Contract
  • Color & Photography Imaging Specialist: Dallas/Contract
  • Consignment Director — Currency: Dallas
  • Desktop Support: Dallas
  • e-Publishing Expert: Dallas
  • Interns: Dallas
  • Network & Systems Administrator: Dallas
  • Senior Settlements Accountant: Dallas
  • Shipping Associate: Beverly Hills/Part-time
  • WPF Applications Developer: Dallas

If you are interested in applying for one of these Corporate positions, please apply here.

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  Around Heritage
Iconic Film Car, 'Rain Man' 1949 Buick Roadmaster Convertible, Brings $170,500

Rain Man 1949 Buick Roadmaster ConvertibleOne of two iconic 1949 Buick Roadmaster convertible car used in the acclaimed 1988 United Artists film "Rain Man," starring Tom Cruise and Dustin Hoffman, and directed by Barry Levinson, brought $170,500 when it came across the block at Heritage Auctions on Dec. 14 as part of an Entertainment & Music Memorabilia auction.

"This car, a crucial character in the film, brought a price that shows not only a great love of the film, but also a deep commitment to the preservation of such an important automobile," said Margaret Barrett, Director of Entertainment & Music Memorabilia at Heritage. "The plot of the movie essentially revolves around this beautiful vehicle, making it more than just a piece of screen-used memorabilia. It's the catalyst for the entire movie — a movie for which Hoffman also won an Academy Award®."

The buyer of the car is identified only as an anonymous collector.

Rain Man famously tells the story of Charlie Babbitt, a selfish yuppie of questionable ethics played expertly by Cruise, who learns that his estranged father has died, bequeathing his entire fortune to his other son, Raymond, an autistic savant brilliantly portrayed by Hoffman. All that Cruise's character gets from his father are his prized rosebushes and the car.

"Cruise's Charlie Babbitt is a high-end car salesman and the 1949 Buick figures large in his life as the one car he never got to drive as he was forbidden from it by his father," said Barrett. "Once he and Hoffman connect, they set off on a cross-country adventure in the car, which is in virtually every scene, and the rest is Hollywood history."

The car is a two-door convertible with beige exterior, red leather interior, Straight-8 Fireball 8 cylinders, 320 c.u. inches engine size, 2-speed Dynaflow automatic transmission with a modified rear suspension to hold the extra weight of the camera equipment plus the cameraman when he had to shoot while sitting in the trunk.

"This is a plum prize for the buyer," said Barrett. "It's one of the great screen-featured automobiles from the 1980s, from one of the best films of the decade, besides being a prime example of one of America's greatest classic cars."

More information about Entertainment & Music Memorabilia auctions.

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9.26 Carat GIA D/IF Type IIa Diamond sells for $902,500 in $5.9+ million Jewelry Event
Unmounted Emerald-cut Diamond, Type IIa
A 9.26 carat GIA D/IF Type IIa unmounted diamond brought $902,500 in Heritage Auctions' $5.9+ million Dec. 3 Jewelry Signature® Auction, setting a new house record for a price realized for jewelry in a Heritage event. The totally colorless and internally flawless diamond is classified as Type IIa, very rare in nature and found in less than 2% of the world's diamonds.

Sold to an unidentified private individual bidding by phone the diamond "is about as perfect as a diamond can get," said Jill Burgum, Director of Fine Jewelry at Heritage.

The Type IIa diamond marks the second time this year Burgum has set a house record for jewelry at Heritage: a spectacular 8.99 carat Kashmir Sapphire ring brought $527,500 at Heritage in April.

Diamond, White Gold Ring
The Dec. 3 auction presented a breadth of large and impressive diamond rings and bidders liked what they saw. A 4.47 carat weight diamond white gold ring sold for $95,500; an 8.24 carat total weight diamond platinum ring set sold for $92,500; and a 10.32 carat total weight diamond platinum JB star ring sold for $77,500. All prices include Buyer's Premium.

More information about Jewelry auctions.

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Upcoming Charity Auctions

2012 December 17 Doodle for Hunger Celebrity Art Auction Benefitting St. Francis Food Pantries & Shelters #529Doodle for Hunger - Celebrity Art & Autograph Auction:
"Doodle for Hunger" is a fun online auction of signed original works of art by artists, entertainers, athletes, politicians, and business celebrities. The auction will benefit St. Francis Food Pantries and Shelters. The St. Francis Food Pantries & Shelters supports a network of charitable programs that provide a broad range of services for those in need, including the provision of food, clothing, shelter, and related social services for the poor.

This auction will end on December 17, 2012 at 10:00 PM CT. View all the lots here.

Highlights Include

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  Heritage Interactive
Opinion Poll

Answer this quick question and see how your opinion compares with your peers.

Which of the following US coin designers is your favorite?
       A) Charles Barber
       B) Victor D. Brenner
       C) George Morgan
       D) Augustus Saint-Gaudens
       E) Adolph A. Weinman

Last week's questions:

Which of the following presidents would you most like to see on a circulating US coin?
A) Theodore Roosevelt (26%).
B) Andrew Jackson (6%).
C) Woodrow Wilson (2%).
D) Ronald Reagan (25%).
E) Let's remove the presidents from our coinage altogether (41%).

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  Is it Time to Sell? Long Beach: One of the finest traditions in numismatics

Heritage held our first Official Auction at the Long Beach Coin Expo in 1985, to be followed by 76 spectacular Long Beach auctions — successfully selling more than $600 million of numismatic rarities.

We are now accepting consignments for our February 2013 Long Beach Signature Auction of U.S. Coins. You have an exciting opportunity to consign your rare coins to Heritage's first West Coast event of 2013. The coin market continues strong, buoyed by new collectors and investors.

2013 February 7 - 10 US Coin Signature Auction - Long Beach
Consignment Deadline: December 26, 2012

David Mayfield
Vice President, Numismatic Auctions
1-800-US-COINS ext. 1000

Interested in Selling?
What's My Coin Worth?
Consign to a Heritage Auction

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  Current Auctions
Coin Auctions
2013 January 6-7 Ancient & World Coin Signature Auction - New York
2013 January 6-7 Ancient & World Coin Signature Auction - New York #3021
View Lots

2013 January 15 - 16 NYINC World Coin Non-Floor Session - Dallas
2013 January 15 - 16 NYINC World Coin Non-Floor Session - Dallas #3022
View Lots

Thursday Modern Coin Auction Thursday Modern Coin Auction #241251
December 20, 2012
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231251
December 20, 2012
View Lots

Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141251
December 18, 2012
View Lots

Other Signature Auctions
2012 December 17 Doodle for Hunger Celebrity Art Auction Benefitting St. Francis Food Pantries & Shelters 2012 December 17 Doodle for Hunger Celebrity Art Auction Benefitting St. Francis Food Pantries & Shelters #529
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161251
December 16, 2012
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151251
December 16, 2012
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121251
December 16, 2012
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251251
December 18, 2012
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171251
December 18, 2012
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181251
December 20, 2012
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201251
December 20, 2012
View Lots

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