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  This Week In Coin News

  Collector News
1938-S 10C MS67 * NGC
1938-S 10C MS67 * NGC

Heritage Auctions announces 'Dollars For Dimes' in 2013

Heritage Auctions has announced the creation of a "Dollars For Dimes" charitable initiative in 2013 to benefit the mission of The March of Dimes, one of America's most beloved charities. In it, Heritage will donate $1 to the Dallas chapter of the organization for every dime it sells during the calendar year.

"Heritage has a long history of working with various charities, with the March of Dimes chief among them," said Steve Ivy, Co-Founder and Co-Chair of Heritage Auctions. "We've made standing donations to the March of Dimes for several years and wanted make it more interactive for collectors. They'll know now that their purchase of a dime from us — any year and any grade — will result in a donation to a very good cause."

Heritage estimates that the total amount of the 2013 donation, based on the numbers from 2010-2012, will exceed $10,000.

The March of Dimes Foundation is a United States nonprofit organization that works to improve the health of mothers and babies. It was founded by President Franklin D. Roosevelt in 1938 to combat polio. The foundation's annual fundraising event requested that every child donate a dime. Originally known as the National Foundation for Infantile Paralysis, the name "March of Dimes" was coined by comedian Eddie Cantor, playing on the name of a popular newsreel series of the 1930s, "The March of Time."

View the dimes in the 2013 January 9-14 US Coin FUN Signature Auction.

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Lloyd Mincy joins Heritage Auctions as Numismatic Consignment Director

Lloyd Mincy
Heritage Auctions has announced that longtime prominent collector, expert and member of the prestigious U.S. Gold Club, Lloyd Mincy, has joined its Dallas headquarters as Consignment Director in Numismatics.

"A number of Heritage Auctions' most senior executive and numismatic staff have worked with Lloyd over the years as he acquired and sold a number of major rarities from his personal collection," said Todd Imhof, Executive Vice President of Heritage Auctions. "He has been a class act and enjoyable to work with on every single transaction. Further, Lloyd is highly respected by every high-end dealer he has ever worked with as a collector and the company is totally confident in his ability to parlay this reputation into a very long career here at Heritage."

Mincy comes to Heritage from the Financial Planning community, though his passion for numismatics dates back to his childhood and the age of 7 when his grandmother let him break open her childhood piggy bank.

"Out scattered Indian cents, Liberty and Buffalo nickels," said Mincy. "I immediately wanted Whitman albums and started to fill in the spots."

As time passed, his collecting was shelved due to his studies in Marketing at Michigan State University. In 1992, after 5 years with IBM, he joined Shearson Lehman Brothers, continuing his career three years later, in 1995, as an independent advisor in 1995 where his career progressed accordingly. In 2001, he purchased an updated Red Book and soon realized he could get back into collecting and started building a high-end collection of key date rarities.

"All my free time was now spent attending auctions and establishing relationships with dealers and collectors," he said. "I knew what my passion truly was. The timing of this is perfect for me and absolutely feels like the right thing to do. Heritage is doing things to expand the numismatic industry and providing services to collectors that no one else comes close to these days and I hope to show other connoisseurs how to best utilize the company's buying and selling platforms."

"Lloyd's background and experience working with investors in a financial planning capacity makes him increasingly valuable to the numismatic community," said Jim Halperin, Co-Chair and Co-Founder of Heritage Auctions, "as rare coins and currency continue to make progress as a legitimate asset class."

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Hiring Women to Adjust Planchets and Operate Presses

This article appeared in the Winter 2012 Issue of the 'Journal of Numismatic Research'
Read the full article here

Contrary to popular belief, women formed a significant part of the labor force in nineteenth century America. A 1910 Senate report stated, "The wage labor of women is as old as the country itself and has merely increased in importance." It also reported that in 1820 ten percent of industrial employees had been female, and this was nearly one quarter in 1850.

The Civil War gave American women the opportunity to enter paid employment in government service, industry, and public schools in significantly greater numbers than previously. The Census Bureau was quick to recognize this, and the 1870 report for the first time showed "Females Engaged in Each Occupation." The same Census demonstrated that women were present in over three-quarters of occupations. They were found in such unexpected places as iron and steel works, mines, sawmills, oil wells and refineries, and held such surprising jobs as ship rigger, teamster, or brass foundry worker. They made up one-third of factory "operatives" and two-thirds of teachers. The Bureau separated out data for married, single, divorced, and widowed women in 1890. The Census data should lay to rest the belief that nineteenth century married women — at least those who were white and middleclass — stayed at home pursuing their "true womanhood" destiny.

Peale's innovation was to turn a significant part of the coining process over entirely to female employees, and to do this within a major government bureau. His decision was evidently inspired by a combination of errors by the male adjusters, and the drive to save money. Women made less than half what men did in the same job — until 1887 when equal pay was enforced.

Men were employed to adjust planchets and operate presses until early 1850 when women were given a trial as adjusters by coiner Franklin Peale.123 The test period went well and male adjusters were placed in more physically demanding jobs with women taking their place. A similar test was conducted in 1852 or early 1853 by Peale in using women to feed planchets into the presses. This also was satisfactory and several of the less productive adjusters were moved to the less convivial press room. In neither instance did this require any change in operating procedure.

The coining department benefited from the greater dexterity and speed of women in adjusting planchets, and the lower pay given to women employees.

Comments by Mint Director Snowden were published in 1863:

Women are employed to adjust the weight of the blanks of planchets, preparatory to the coinage — each piece for the gold coinage being separately weighed and adjusted. So also are the larger coins of silver, namely the dollar and half dollar. They are also employed in feeding the coining presses. There are about fifty women at present employed. This force is amply sufficient for our present operations, and for any additional amount of work that the mint may be called on to perform.

The employments in which they are engaged are healthy and pleasant. Some years ago the women received seventy-five cents a day in the adjusting room, and eighty-five cent for those employed in the coining room. Since that time I have increased their per diem compensation to $1.10 in both departments. They are paid monthly. Men employed in labor of a similar character secure about $2.20 per day. A day's work is about ten hours, but ordinarily the women do not work more than seven or eight hours — sometimes more, sometimes less, but never beyond ten hours. There are no other occupations in the mint, than where they are now employed, suitable for women. I am greatly in favor of employing women, and I have extended the employment of them as far as is practicable. For adjusting the wright of coins, and attending or feeding the coining presses, I consider women as not inferior to men, except that they cannot endure work for a great a number of hours.

A great many applications are made for situations in the mint. None but a thoroughly honest person should occupy such a responsible place.

Light weight blanks, those under the legal margin of error, were thrown into a reject basket and would eventually be sent back to the melting and refining department. Blanks that were slightly underweight and those of standard (legal standard) weight were put aside on stacking trays. Overweight blanks, which were usually the majority since the goal was to have slightly heavy strips for the blanking press, were lightly filed on the edges and individually weighted to make sure too much gold had not been removed.

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This Week's Top Ten

The ten highest valued Denver Mint coins to sell in Heritage auctions, one per coin:

  1. 1927-D $20 MS67 PCGS
    1927-D $20 MS67 PCGS
  2. 1927-D $20 MS67 PCGS. Sold for $1,897,500.
  3. 1926-D $20 MS66+ PCGS Secure. CAC. Sold for $402,500.
  4. 1911-D $5 MS65+ PCGS. CAC. Sold for $299,000.
  5. 1919-D 50C MS66 PCGS. Sold for $270,250.
  6. 1918/7-D 5C MS65 PCGS. Sold for $264,500.
  7. 1931-D $20 MS66 PCGS. CAC. Sold for $253,000.
  8. 1908-D $10 Motto MS68 PCGS. Sold for $230,000.
  9. 1909-D $20 MS67 PCGS. Sold for $218,500.
  10. 1919-D 10C MS66 Full Bands PCGS. Sold for $218,500.
  11. 1925-D $20 MS66 PCGS. Sold for $207,000.

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

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Coin Buyer Wanted - San Francisco Office

Heritage Auctions is seeking a talented numismatist with a broad range of expertise to join our new S.F. office located in Jackson Square. If you have an good working knowledge base of U S. coins and currency and are comfortable dealing with the public, we have an opening for a permanent position as a buyer in our San Francisco office. Duties will include dealing with walk-in clients, evaluating and purchasing coins and currency, working local coin shows, and accepting Auction consignments. Pay will be commensurate with numismatic experience.

If you are interested in this position, please contact Jobs@HA.com.

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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:

  • 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
  • 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

Custer Items Rule Heritage Auctions $2.5+ Million December Americana Event

George Armstrong Custer: His Personal Army-Issue Model 1865 Spencer CarbineGeneral George Armstrong Custer's personally owned Army-issue Model 1865 Spencer Carbine brought $179,250 to claim top lot honors in Heritage Auctions' $2.5+ million Political, Western Legends & Americana Signature® Auction, Dec. 11-12.

George Armstrong Custer: One of the Most Important Original From-Life Photographic Images Ever to Come to MarketItems relating to the well-known general led the event, from an important oil painting of the Battle of Washita by Frederic Remington which sold for $179,250 to a trove of letters from an officer among the first on the scene to identify bodies following Gen. George Armstrong Custer's crushing 1876 defeat at Little Big Horn, which sold for $89,625.

Additional top lots include one of the most important, from-life photographs of Custer ever to come to market sold for $83,650 and Custer's personally-owned gun belt with holder and accoutrements sold for $71,700.

"Custer is among a special group of historical figures who simply captivate collectors," said Tom Slater, director of Americana for Heritage Auctions. "We bring important, personally-owned objects to auction all year long but it's always a delight to offer items owned by such an accomplished, yet controversial figure as George Custer."

Unique and Historic Broadside Celebrating the July 4, 1876, Centennial of American Independence, Signed by President Grant and All the Members of the GovernmentThe auction featured a number of unique historical rarities, including a one-of-a-kind broadside created by Act of Congress to celebrate the July 4,1876 Centennial of American Independence, signed by President Grant and every sitting member of the federal government, which sold for $89,625. An important handwritten letter by James Butler "Wild Bill" Hickok signed in four places sold for a strong $71,700 to a phone bidder.

Nearly as significant was an important 1867 letter signed by famed Western scout Christopher "Kit" Carson, congratulating a friend who recently quit drinking and offering to buy him a claim amidst a growing 'gold fever', sold for $47,800. Another gold rush artifact drawing intense bidder interest was a relic brooch containing the first piece of gold flake discovered by James Marshall at Sutter's Mill in 1848, touching off the legendary California Gold Rush. Marshall had the gold specimen set into the brooch as a gift for his newborn niece Abigail, and it remained in the hands of her family until consigned for auction by Heritage.

1864 Lincoln & Johnson Jugate Badge: The 'Holy Grail' for collectors of Pinback JugatesAmong the exemplary American political memorabilia up for bids, the finest known specimen of an 1864 brass jugate badge, featuring tiny tintype photographs of Abraham Lincoln and his running mate Andrew Johnson and considered a 'holy grail' among political pinback collectors, sold for $56,762.50. A racist broadside, designed to railroad Lincoln's 1864 reelection campaign sold for $35,850 and Franklin D. Roosevelt's personally-owned pocket watch, likely a wedding gift holding a photograph of Eleanor Roosevelt, sold for $27,485.

Gerald Ford: Judith Leiber Handbag and AccessoriesThe auction featured over 50 items formerly owned and used by President Gerald Ford and First Lady Betty Ford, consigned by the family to benefit the new Student Learning Center at the Gerald R. Ford Presidential Foundation. The consignment raised over $100,000 for this worthy cause. President Ford was among the best-known presidential golfers, so it comes as no surprise that his well-used personal set of clubs drew the most attention, selling for $26,180. Perhaps more surprising was Betty's purse by famed designer Judith Leiber, which fetched $7140 against a pre-sale estimate of $400+.

More information about Historical auctions.

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  Heritage Interactive
Opinion Poll

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

How many times have you visited numismatic museums?
       A) Never
       B) Once
       C) 2 or 3
       D) 4 or more
       E) They have coins in museums?

Last week's questions:

Which of the following would you rather see in your Christmas stocking?
A) 1909-S VDB cent, AU (11%).
B) An uncirculated Saint-Gaudens double eagle (40%).
C) A run of uncirculated Carson City dollars dated 1881-1885 (27%).
D) An Athenian silver owl decadrachm (15%).
E) An uncirculated Lafayette dollar (8%).

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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 31, 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 9-14 US Coin FUN Signature Auction - Orlando
2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181
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 #241301
January 3, 2012
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231301
January 3, 2012
View Lots

Currency Auctions
2013 January 9-14 Currency FUN Signature Auction - Orlando 2013 January 9-14 Currency FUN Signature Auction - Orlando #3521
View Lots
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141301
Special Holiday Closing Date
January 2, 2012
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161253
December 30, 2012
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151253
December 30, 2012
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121253
December 30, 2012
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251301
Special Holiday Closing Date
January 2, 2012
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171301
Special Holiday Closing Date
January 2, 2012
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181301
January 3, 2012
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201301
January 3, 2012
View Lots

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