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  This Week In Coin News

  Collector News

FUN, NYINC auctions realize nearly $72 million

1792 H10C Judd-7, Pollock-7, R.4 as a Business Strike SP67 PCGS
1792 H10C Judd-7, Pollock-7, R.4 as a Business Strike SP67 PCGS

The results are in from the first great numismatic auctions of the year! As we reported here last week, the NYINC World Coin auction in New York realized nearly $12 million. Combined with nearly $45 million in the FUN US Coin auction in Orlando, close to $13 million in the FUN Currency auction also in Orlando, and over $2 million in the January 15-16 NYINC non-floor session, the grand total came very close to $72 million. All prices realized include a 17.5% Buyer's Premium.

Easily the most prominent item to sell during the January festivities was the 1792 Half Disme SP67 PCGS, which realized $1,410,000. This coin, which attracted national media attention, is an example of the first circulating coin struck under authority of the Mint act of 1792. It is the only example designated a Specimen by one of the major grading services, and is exceeded in numerical grade by only one other coin. This coin was a part of the fabulous Greensboro Collection, Part II. Another 1792 Half Disme, this one graded Mint State 64 and from the Liberty Collection, sold for $528,750.

A proof silver dollar dated 1803, also from The Greensboro Collection Part II, sold for $851,875. This coin is termed a Novodel because it is believed to have been struck in the 1870s and was not a restrike of a legitimate Mint issue. With only four examples known, it is far rarer than the much more famous 1804 dollar, and its numerical grade of Proof-66 is unsurpassed.

In an auction realizing nearly $45 million, there are many highlights, and just a few of them are:

1838-O 50C PR64BM PCGS 1838-O 50C PR64BM PCGS
1838 25C No Drapery PR63 PCGS 1838 25C No Drapery PR63 PCGS

Great pieces from the Greensboro collection dominated the results in the Currency auction as well. An example of Fr. 185l, one of just five Bruce-Roberts signed Series 1880 $500 Legal Tender notes to exist, sold for $411,250. This is the only example available to collectors, with three are in the collections of Federal Reserve Banks, and one residing permanently in the Smithsonian Institution.

Fr. 185l $500 1880 Legal Tender PMG Choice Very Fine 35

A few of the many other highlights of this auction included:

Fr. 1166b $20 1863 Gold Certificate PCGS Very Fine 30

The next Heritage US Coin signature auction is scheduled for February 7-10 in Long Beach, CA. Previews are available now at HA.com/Coins, with bidding scheduled to open soon.

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The Draped Bust Half Dollars of 1796-1797, by Jon Amato, now available

'The Draped Bust Half Dollars of 1796-1797'
Heritage Auctions has announced the publication of The Draped Bust Half Dollars of 1796-1797, by Jon Amato, and edited by Jim Halperin and Mark Van Winkle, now available online by clicking on this link, or via email at CatalogOrders@HA.com.

"This book is the culmination of more than 10 years of research into the Draped Bust Small Eagle half dollar series," said Greg Rohan, President of Heritage Auctions, "one of the most coveted type coins in American numismatics and one about which, until now, remarkably little has been written."

Expertly researched and comprehensively documented, the book includes a profusely illustrated discourse of the four Overton varieties and one major die state of this important two-year design type. Additionally, it features a census of 270 Draped Bust Small Eagle half dollar specimens. A full page is devoted to each coin, including an obverse and reverse image, a description of key identification markers, and the provenance for each.

"We believe this work will be the premier reference for 1796-1797 half dollars for years to come," said Rohan. "Institutions having an extensive numismatic library or coin cabinet will find it a valuable complement to their holdings, while catalogers charged with writing up specimens for auction now have an indispensable source of background and pedigree information."

The book will also be an important resource to coin dealers seeking to purchase one or more ‘96 or ‘97 half dollars for a client or for inventory, and to collectors who own, have owned, or desire to own one of these important coins.

Heritage has also set up special web page, HA.com/JonAmato, which will feature periodic updates of new discoveries in the census of '96 and '97 Draped Bust Half Dollars, as well as information about recent results for the coins at auction.

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Name the Trillion Dollar Coin!

Name the Trillion Dollar Coin!
As the nation moves closer to raising its debt ceiling, some say the solution can be found in a Trillion Dollar Coin. Minted by the U.S. Treasury and deposited in the Federal Reserve, a trillion dollar coin made of platinum could suddenly fund the nation's debts for the next two years! The Fed says a Trillion Dollar Coin isn't a practical solution but what would the United States' largest single denomination look like? What would it be called? The Deficit Dollar? The Philly Trilly? Who or what should be pictured? What should it say? E Poorhouse Unum?

As legislators debate the debt, let your voice to be heard in Heritage's Trillion Dollar Coin Naming Contest! Enter your best name for the Trillion Dollar Coin in the form to the right. Our panelist of judges will pick the top names. You will then have the chance to vote on your favorite name. The voting period is open from February 13, 2013, to February 20, 2013.

The winner will receive a $1,000 coupon good for any Heritage Auctions purchase, and one runner-up will be awarded a $200 coupon.

Click here to enter!

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Website Tips: Bidding Increments in Heritage Auctions

We have revised the bidding increments in our Internet-only auctions, effective immediately. For these auctions, the increments are now:

Bidding Increments
Current Bid Bid Increment
< $50 $1
$50 - $99 $2
$100 - $199 $5
$200 - $499 $10
$500 - $999 $20
$1,000 - $1,999 $50
$2,000 - $4,999 $100
$5,000 - $9,999 $200
$10,000 - $19,999 $500
$20,000 - $49,999 $1,000
$50,000 - $99,999 $2,000
$100,000 - $199,999 $5,000
$200,000 - $499,999 $10,000
$500,000 - $999,999 $20,000
>= $1,000,000 $50,000

These are roughly half of the previous increments, and are designed to let our bidders place more precise bids. Affected auctions include:

  • Sunday and Tuesday Internet Coin auctions
  • Weekly World and Ancient Coin auctions
  • Thursday Modern Coin auctions
  • Monthly Internet Wine auctions
  • Sunday Internet Sports Collectibles auctions
  • Sunday Movie Poster auctions
  • Tuesday Internet Watch and Jewelry Auctions
  • Tuesday Internet Luxury Accessory auctions
  • Weekly Internet Rare Books auctions
  • Thursday Vintage Guitar & Musical Instrument Internet auctions
  • Tuesday Internet Currency auctions
  • Sunday Internet Comics auctions

The increments on Signature, Grand Format, Final Session, and Sports Catalog auctions with extended bidding have not changed. This is to keep the increments consistent between Internet bidding and the live sessions on these auctions.

Of course, Internet bidders still have the option to bid between increments as they see fit, so long as they bid the next increment or higher. For more information, please see HA.com/c/ref/web-tips.zx#increments.

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This Week's Top Ten

The ten highest valued half dimes (or half dismes) to sell in Heritage Auctions:

  1. 1792 Half Disme SP67 PCGS
    1792 Half Disme SP67 PCGS
  2. 1792 Half Disme SP67 PCGS. Sold for $1,410,000.
  3. 1792 Half Disme MS64 PCGS. Sold for $528,750.
  4. 1792 Half Disme MS63 PCGS. Sold for $503,125.
  5. 1796/5 H10C MS66 PCGS. Sold for $345,000.
  6. 1792 Half Disme MS63 NGC. Sold for $333,500.
  7. 1792 Half Disme MS63 NGC. Sold for $316,250.
  8. 1802 H10C XF45 PCGS. Sold for $299,000.
  9. 1802 H10C AU50 NGC. Sold for $212,750.
  10. 1802 H10C XF45 PCGS. Sold for $195,500.
  11. 1792 Half Disme AU55 PCGS. Sold for $172,500.

Repeat occurrences of two coins have been omitted.

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
  • Coin Buyer: San Francisco
  • European Art Specialist: New York
  • European Comic Art Specialist: Dallas, Paris
  • Firearms Specialist: Dallas
  • Modern & Contemporary Art Specialist: Beverly Hills, New York
  • Timepiece Specialist: Beverly Hills, New York
  • Trust & Estates Specialist: New York
  • Western Art Director: Dallas, Beverly Hills
  • World Coins Director: Hong Kong

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:

  • Client Services Representative: Dallas
  • Collections Specialist: Dallas
  • Color & Photography Imaging Specialist: Dallas
  • Currency Cataloger: Dallas
  • Currency Consignment Director: Dallas
  • Currency Operations Assistant: Dallas
  • Desktop Support Technician: Dallas
  • Fine Jewelry Cataloger: Dallas
  • Graphic Web Designer: Dallas
  • e-Publishing Expert: Dallas
  • Interns
  • 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

Curt Schilling's Bloody Sock From Game Two Of The 2004 World Series Expected To Bring $100,000+

Curt Schilling: he Bloody Sock"The Bloody Sock" worn by pitcher Curt Schilling in his profoundly gutsy performance in Game Two of the 2004 World Series, consigned by Schilling himself, will be sold as part of Heritage Auctions' Feb. 23 Platinum Night Sports event at the Fletcher-Sinclair Mansion (Ukrainian Institute of America), in New York, at 2 E. 79th Street (at 5th Ave.). It carries a pre-auction estimate of $100,000+.

"This historic Red Sox relic serves as the physical incarnation of the exorcism of 'The Curse of the Bambino just as the 'The Buckner Ball' is the curse's embodiment," said Chris Ivy, Director of Vintage Sports Memorabilia at Heritage Auctions. "Since we sold 'The Buckner Ball' in April of 2012 for almost $420,000, we thought this was a great opportunity to balance the scales and give collectors a chance to decide which moment is worth more."

Curt Schilling's world famous Bloody Sock is arguably the most hallowed artifact in Boston Red Sox lore and has been on display in the Baseball Hall of Fame since 2004. It is the perfect distillation of the amazing effort of the 2004 Red Sox. Reminiscent of Roy Hobbs' climactic scene from The Natural, a wounded Curt Schilling ignored the advice of the physician who had pieced back together the ragged tendons of his right ankle and took to the mound, first in a crucial Game Six to stave off American League Championship Series elimination against the hated New York Yankees and then again in Game Two of the World Series to claim the second victory in a four-game sweep of the St. Louis Cardinals.

In each television broadcast, the cameras repeatedly locked onto the growing red stain at Schilling's sutured push-off ankle as the star battled to victory over two elite batting line-ups and his own remarkable threshold for pain. By the time the Sox had completed their extraordinary eight-game run to turn the tide from a three-game ALCS deficit to a World Series sweep, "The Bloody Sock" was firmly implanted in American sports history as the main prop of an unbelievable script.

"Boston could win every World Series for the next hundred years, but 2004 will still be the one that everybody remembers," said Ivy. "So I think we're only just beginning to understand how important this piece is to the legacy of the Red Sox."

More information about Sports auctions.

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  Heritage Interactive
Opinion Poll

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

What should the lowest valued circulating US coin be?
       A) Cent
       B) Nickel
       C) Dime
       D) Quarter
       E) Get rid of all coins and use only paper money

Last week's questions:

What is the highest denomination coin that should circulate in the US today?
A) 25 cents (12%).
B) 50 cents (8%).
C) 1 dollar (35%).
D) 2 dollars (17%).
E) 5 dollars (28%).

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  Is it Time to Sell?

It's not too early to begin thinking about consigning your important coins and notes to our March Dallas auction of US coins and our Official Auctions of the 2013 Central States Convention. For a confidential discussion, call us: 800-872-6467 ext. 1000 (coins) or ext. 1001 (currency).

2013 March 21 - 24 US Coin Signature Auction - Dallas
Consignment Deadline: February 5, 2013

2013 April 17 - 22 CICF World & Ancient Coins Signature Auction - Chicago
Consignment Deadline: February 25, 2013

2013 April 24 - 29 CSNS Currency Signature Auction - Chicago
Consignment Deadline: March 4, 2013

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago
Consignment Deadline: March 11, 2013

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
Thursday Modern Coin Auction Thursday Modern Coin Auction #241304
January 24, 2013
View Lots
Weekly World Coin Auction Weekly World Coin Auction #231304
January 24, 2013
View Lots

Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141304
January 22, 2013
View Lots

Other Internet Auctions
Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161303
January 20, 2013
View Lots
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151303
January 20, 2013
View Lots
Sunday Internet Comics Auction Sunday Internet Comics Auction #121303
January 20, 2013
View Lots
Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251304
January 22, 2013
View Lots
Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171304
January 22, 2013
View Lots
Thursday Vintage Guitar & Musical Instrument Internet Auction Thursday Vintage Guitar & Musical Instrument Internet Auction #181304
January 24, 2013
View Lots
Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201304
January 24, 2013
View Lots

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