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  This Week In Coin News

  Collector News

Early gold highlights Dallas Signature Auction offerings

1801 $10 MS64 NGC. BD-2, R.2
1801 $10 MS64 NGC. BD-2, R.2
Early US gold coins, both government and private issues, highlight the offerings in our 2013 March 21 - 22 & 24 US Coin Signature Auction, to take place at Heritage's world headquarters in Dallas. This auction is now open for bidding at HA.com/coins.

Gold issues from the beginning of the Mint era always catch collectors' attention, and the outstanding examples in this auction show why. An 1801 eagle with stunning prooflike contrast exemplifies the offerings. The spectacular eye appeal of this Choice example will undoubtedly attract bidders interested in assembling the finest gold type set. NGC has only graded two finer examples of this date.

A 1806 half eagle, with a Round Top 6, is, at MS65, one of only three examples of this variety to be certified as a Gem by either major grading service. While type aficionados will undoubtedly be pursuing this coin as well, the Round Top 6 variety's listing in the Red Book will likely expand this coin's appeal beyond just type collectors.

Christopher Bechtler operated a private mint in Rutherford County, North Carolina in the 1830s and 1840s and issued gold coins from the abundant supply of gold then found in that area. His crudely designed but well-received output included coins of $1, $2.50, and $5, and he was in fact the first issuer of gold dollar coins in the United States. These coins were marked as either (North) Carolina or Georgia gold, depending on the origin of the metal provided to him. Our Dallas auction contains a rare variety of one of his Georgia issues, minted between 1837 and 1842. Like all of his Georgia issues, this is a half eagle, but it is distinguished by a colon after the G in 128 G(rains). We are aware of only six examples of this variety to have crossed the auction block in the last 30 years or so. This piece is graded AU55 by PCGS, with bright luster visible around the legends.

$5 C. Bechtler Five Dollar $5 C. Bechtler Five Dollar
1937-D 5C Three-Legged MS65 PCGS. CAC 1937-D 5C Three-Legged MS65 PCGS. CAC
A few of the other highlights of this auction include:

Bid on these coins and the rest of the offerings in our Dallas auction soon at HA.com/Coins!

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Seldom Seen Selections: Gem 1795 Lettered Edge Cent

Gem 1795 Lettered Edge Cent
Gem 1795 Lettered Edge Cent
Three obverse dies and three reverse dies were employed to strike 37,000 Lettered Edge large cents dated 1795, with a resulting four die marriages. Another 501,500 cents would later be struck, but at a lighter weight and with a plain edge. Since, according to Walter Breen, it cost the government $1.22 to produce 100 one cent pieces in 1795, President Washington verbally authorized Mint Director Elias Boudinot to reduce the weight of each planchet from 208 grains to 168 grains. As a result, collectors today have two types of cents to collect for the year 1795: Lettered Edge cents struck on thick planchets and Plain Edge cents produced on thin copper stock.

Breen's research of documents in the National Archives led him to conclude, in his Complete Encyclopedia: that the ratio of 1795 Plain Edge cents to Lettered Edge cents was over 13:1. However, a survey of current population and other data paints a drastically different picture, suggesting a ratio closer to 4:1. Students of early American coinage know that recorded mintage figures are not indicative of what actually happened for a variety of reasons and do not necessarily correlate to current survival rates. Many factors come into play, including meltings and coins struck with dies dated from a different year. And the population data of third party certification companies have their own flaws. However, if Breen's interpretation of mintage and delivery numbers is correct, we have yet another numismatic mystery on our hands.

Regardless of how many Lettered Edge pieces were actually struck, numismatists today understand that Lettered Edge 1795 cents are noticeably more difficult to locate than their Plain Edge transitional counterparts. But when dealing with a coin such as the Gem offering in our upcoming April 24-28 CSNS Signature Auction, conditional rarity and aesthetic qualities rise above all statistics and one becomes mesmerized by the state of preservation of a coin from such a historic period of our infant country.

This early copper is literally of the highest quality obtainable. PCGS has certified an amazingly low total of seven pieces in MS65 Brown designation and three MS65 Red and Brown level with none finer. Those totals are likely skewed by resubmissions, but to what extent is unknown. For early copper aficionados, the Noyes Condition Census places this piece as tied for the fourth finest known, along with the Smithsonian and the Parmelee specimens.

Vibrant, velvety mint luster dances upon surfaces that are relatively free of abrasions or distractions. An indistinct strike-through error, perhaps lint, below the E in STATES is not to be confused with post-mint damage. Rather, it is an artifact of the minting process and does not impact the grade, yet it does serve as a pedigree marker. Despite the PCGS Brown designation, tinges of mint red can be observed within the protected areas, testimony that this particular coin was carefully handled and stored from the time it was struck.

This coin’s impressive provenance dating back to the 19th century is clear proof that this example was in the safe hands of knowledgeable numismatists during the past century-plus. We expect the coin to be destined for an outstanding copper collection assembled by a specialist who is fully appreciative of the history this piece has experienced.

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Website Tips: MyWantlist

If you're looking for those special items for your collection, and would like to be automatically notified when we have one in inventory or in auction, MyWantlist is for you.

Instead of you having to search for specific items every time you visit the site, MyWantlist works by saving the individual searches that you might perform every time you look for coins in our inventory or auction.

MyWantlist can be reached from any Heritage home page, or by going through the MyHeritage tab on any page on our site and clicking on "View/Edit Wantlists". You will be taken to the Wantlist options for the Heritage site you are currently on; you can change which Heritage venue you wish to save searches for by choosing the venue from the "View MyWantlist in:" drop-down menu and clicking "Go".

When you first start using this feature, MyWantlist will look something like this:

You can add new searches based on five factors - the category (which generally corresponds to a type for US coins or a country for world coins), a keyword such as the date, the grading service if any, the low grade, and the high grade. If you want to save a search for any Shield Nickel, in the drop-down box marked "All", choose Shield Nickels. You will not need to use a keyword in this case, and the default search looks for coins from any grading service in any grade, so all you will need to do is click on the "Add New Item" button and you're done.

If you wish to add a search for circulated 1886 Liberty Nickels, the procedure would be similar. Here you would enter the denomination "Liberty Nickels", the keyword 1886, and the high grade of AU58 in the drop-down box marked "To Grade". Again, you need only click on the "Add New Item" button and you're done.

You can also look for other, more general items through this feature. For instance, if you are looking for top 100 VAM varieties of Morgan Dollars, choose Morgan Dollars as your denomination and enter the keyword "Top 100".

For other tips on how to perform searches, click here, or click on the "Need Help? Click HERE" link on the MyWantlist page.

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This Week's Top Ten

The ten highest valued Brazilian coins to sell in Heritage auctions:

Joao V 6400 Reis 1727R, KM136, Russo-188, AU Details NGC
Joao V 6400 Reis 1727R, KM136, Russo-188, AU Details NGC
  1. Joao V 6400 Reis 1727R, KM136, Russo-188, AU Details NGC. Realized $143,750
  2. Joao V 12800 Reis 1730-M. Minas Gerais mint. IR countermark for Joseph Richardson, Jr. KM139. VF. Realized $138,000
  3. Pedro I gold 6400 Reis 1822-R, KM361, VF Details NGC. Realized $138,000
  4. Pedro II 100 Reis 1844, KM452, Russo 525, VF35 NGC. Realized $138,000
  5. Joao VI (as King) gold 6400 Reis 1822-R, KM328, AU58 NGC. Realized $138,000
  6. Joao VI gold 4000 Reis 1820(B), KM327.3, Russo-581, MS62 NGC. Realized $129,250
  7. Joao V 6400 Reis 1727B, KM134, Russo-81, Shield Type 1, AU Details NGC. Realized $126,500
  8. Joao V gold 12800 Reis 1729-B, KM138, Russo-087, unlisted in Gomes, "First Shield Type" variety. Sharp AU. Realized $105,750
  9. Pedro Regent Prince 4400 Reis counterstamp over Portuguese 4 Cruzados (Joao VI), Friedberg-10, Russo-15, AU50 NGC. Realized $103,500
  10. Joao V gold 12800 Reis Dobra 1731-R "Italic Shield", KM148, AU53 NGC. Realized $103,500

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 a 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
  • Currency Cataloger: Dallas
  • Currency Consignment Director: Dallas
  • e-Publishing Expert: Dallas
  • Front-end Web Developer: Dallas
  • Interns
  • Marketing Account Executive: Dallas
  • Web Marketing Specialist: Dallas
  • 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

Mike Eruzione's 1980 'Miracle on Ice' game worn jersey and winning goal scoring stick bring $920,000+, leading $1.4+ million Eruzione Collection

1980 Mike Eruzione 'The Miracle on Ice' Game Worn USA Olympic Hockey JerseyThe jersey that was worn by team captain Mike Eruzione in the 1980 U.S. Men's Olympic Hockey Team "Miracle on Ice" 4-3 victory over the dreaded and feared Soviet Union team — voted Top Sports Moment of the 20th Century by Sports Illustrated — and the stick that Eruzione used to score the eventual game-winning goal realized $657,250 and $262,900, respectively, to bring more than $920,000 at Heritage Auctions' on Feb. 23.

The stick, the night's opening lot, topped its estimate by more than five times — amidst spirited bidding — to realize $262,900. The white jersey that Eruzione wore in the "Miracle" game was the subject of much pre-auction buzz and several rounds of bidding before rising to finish at $657,250.

Eruzione auctioned off his historic 1980 Olympic material — where the upstart Americans famously toppled the USSR hockey juggernaut 4-3 on Feb. 22 — to benefit his children and grandchildren and to benefit his Winthrop Foundation, which funds charities in his hometown of Winthrop, MA.

1980 Mike Eruzione Gold Medal Game Worn USA Olympic Hockey Team JerseyThe trove also contained the blue jersey the captain wore two days later in the gold medal game against Finland, which exceeded its estimate to realize $286,800. The hockey gloves Eruzione wore throughout the entire tournament went for more than 10 times their pre-auction estimates by binging $53,775, while the warm-up suit he was wearing during the medal ceremony (when he famously called his entire team up to the podium to share the moment) realized $26,290 and the red pants that Eruzione wore in the Olympics realized $28,680.

"The 'Miracle on Ice' is the greatest American sports moment of the 20th century and a moment that transcended all geo-political boundaries," said Chris Ivy, Director of Sports at Heritage Auctions. "Tonight we saw collectors show Mike Eruzione, and that entire team, how highly they think of him and of the things he achieved. It couldn't have happened to a nicer, more giving person."

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.

How much do you usually pay for new coins for your collection?
       A) Under $50
       B) $50-$100
       C) $100-$1000
       D) Over $1000
       E) I collect from pocket change

Last week's questions:

Wire service reports this week stated that the President was in favor of eliminating production of the cent. Canada has already ceased production of their cent. What do you think the US should do?
A) Continue production of the cent as is (17%).
B) Continue producing cents, but find a new, cheaper metal (25%).
C) Gradually eliminate production of the cent over a period of years (13%).
D) Cease production of the cent all at once after a few years for people to adjust (10%).
E) Cease production of the cent immediately (36%).

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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 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
Sunday Internet Coin Auction Sunday Internet Coin Auction #131310
Closes March 3
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131310
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Weekly World Coin Auction Weekly World Coin Auction #231310
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Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141310
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Other Signature Auctions
March 1-2 Texana Signature Auction - Fort Worth #6097 March 1-2 Texana Signature Auction - Fort Worth #6097
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March 15 Kroger GIVE & GO Auction Benefiting North Texas Food Bank #533 March 15 Kroger GIVE & GO Auction Benefiting North Texas Food Bank #533
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March 23 Photographs Signature Auction - Dallas #5132 March 23 Photographs Signature Auction - Dallas #5132
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2013 March 23 - 24 Vintage Movie Poster Signature Auction - Dallas #5132 2013 March 23 - 24 Vintage Movie Poster Signature Auction - Dallas #7072
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Other Internet Auctions
Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151309
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161309
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Sunday Internet Comics Auction Sunday Internet Comics Auction #121309
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Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251310
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Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171310
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201310
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