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  This Week In Coin News

  Collector News

Rare 1929 West, Texas, $10 note selling May 21 to benefit blast victims' families

A rare 1929 West, Texas $10 bill will be offered in Heritage Auctions' May 21 Tuesday Internet Currency Auction to benefit the victims of the April 17 explosion that killed 14 people, including eleven firefighters and first responders. Heritage is donating all proceeds, including the sale price and the buyer's premium from the bill, in addition to producing a limited edition poster featuring the rare note. The collectible poster will be available for $25 each with all of the proceeds donated to the effort. Order the $25 Limited Edition poster here.

West, TX - $10 1929 Ty. 2 The West NB Ch. # 13935 Serial Number 1

"This note is symbolic of the hardworking people of West, Texas," said Dustin Johnston, Director of Currency Auctions for Heritage. "We know the town will pull through this and we know bank note collectors will recognize this as a great way to promote donations that go directly to the victims' families."

This series 1929 Type 2 serial number 1 note, graded PCGS Very Choice New 64PPQ, is one of only 11 known for this bank and was last sold by Heritage in September 2009 as part of The Lone Star Collection. The first settlers of McLennan County, in which lies the town of West, arrived in the 1840s; by the 1880s, rail transport brought prosperity to the rich farming lands. By the 1890s, businesses were abundant in West, named after land owner, Thomas West. Starting in 1865, banks could place bonds and other securities on deposit with the US Treasury and receive notes bearing their name to circulate in their area. They were known as National Banks and West had three of these banks between 1900 and 1934, each of which issued notes bearing the name West.

The West Volunteer Fire Department has created a fund for donations and will divide revenues equally among the families who suffered a loss. Established in 1894 as the West Hose Company #1, the West Volunteer Fire Department relies on all-volunteer firefighters and is a fire department whose fundraising efforts helped build the current firehouse.

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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

Gift from the Canadian Army
By Justin Bowen, Age 15, Ontario

It was a sunny spring day in London. I was waiting for the Tube at Green Park Station with my family. We were on our way to see the hospital where I was born. It was the first time I had gone back to my birthplace since I had left England six and a half years ago. I was excited to see the monuments, museums and castles of England.

About a minute before the train arrived, a group of soldiers walked in. They were in Canadian Forces uniforms with a poppy pinned above their hearts. Noticing my brother's t-shirt had a large Canadian flag on it, they introduced themselves. They had just returned from the Middle East and were going to visit a wounded comrade. Once we sat down, we realized how excited they were to be talking to non-Military Canadians, especially children. I had a feeling that they missed their own children, with whom they soon would be reunited.

Then, their Sergeant handed me three coins, and kindly said, "I think you might find these interesting." I thanked him, and asked if he knew anything about the coins. He replied, "I don't know much about them, although they come from the Middle East." I later learned that they are one Dirham coins from the United Arab Emirates, of which two are dated AH 1419, or 1998 AD, and the other is dated AH 1415, 1995 AD. After more talk, we arrived at our destination. As we parted, my brother and I said, "Thank you for the coins", after which I told them, "I know your children can't wait to see you!"

I have been fascinated in history since I was very young, and I found these coins to be very interesting. I stored the coins in the same way that I stored my rock collection; in small boxes with dividers, split by country, where I could easily take each coin out and look at it. With this, I started my coin hoarding period, where I hoarded world coins and circulating commemorative coins. I collected a set of U.S. State Quarters and a set of circulating Olympic Commemorative quarters. After hoarding for seven years, I learned that I was moving from Calgary, Canada to London, England.

The move motivated me to cut down the space it took me to store my 'collection', so that I could bring it with me. This motivation was also triggered by the fact that I was moving to England, where I find the coins to be interesting, unlike modern Canadian coins, which have been the same since before I was born.

Unfortunately, we didn't move to England. Instead, my family moved to Toronto, Canada. While organizing my coin hoard, I saw the coins that the Sergeant had given me, reminding me of the event that had started it all. I quickly caught the coin collecting bug, having joined Coin Community Forum soon after. After reading posts on the forum, I realized that Ancient coins and American coins were what I wanted to collect. At 14 years old, I was the youngest person that I have heard of that collects ancient coins. I am now 15 years old and have become a Pillar of the Community on Coin Community Forum, with 1300 posts.

One thing has not changed: how much I love this hobby!

Bob's comments: Young numismatists 'North of the Border' are clearly an enthusiastic lot, judging from the number of essays we receive from them. For the sake of accuracy, I must also note the degree of interest of adult numismatists in the Canadian numismatic clubs who are anxious to support budding hobbyists. I for one do not think the results are coincidental. And while we often hear of the importance of a mentoring adult in cultivating the collecting interest, not as much notice is given to the excitement that can be generated by a chance encounter — and the long-lasting results.

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Website Tips: Draggable Image Closeups

If you've been on our website for any length of time, you've probably done a little research into an item or two by looking at closeup images. You have a couple of options on how to do this — the Pan and Zoom feature, usable on all active and upcoming lots, and a simple closeup of an individual image, available on all pages. You can toggle between the two on any lot page for upcoming lots.

We haven't changed Pan and Zoom, but we have made a significant improvement to the closeup image page. Now, if you click on any of the images of a lot (or the Look Closer icon as in the screenshot above), you get a single page where you can navigate back and forth between all images for the same lot. Just click on the thumbnail images in order to view the closeup.

By default, this page allows you to drag the viewable image by clicking and moving the image to the area you wish to inspect. (put screenshots below side by side) If you wish to scroll the image rather than drag it, click on the "Disable Click and Drag Pan Feature" button below the thumbnails.

The listing of thumbnails can intrude on some images. To get around this, you can close and open this listing at any time by clicking on the Hide Thumbnails/Show Thumbnails buttons.

Best of all, this feature is available for all Heritage lots that have images, including the auction archives.

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This Week's Top Ten

The ten highest valued NGC-graded coins sold in Heritage auctions:

1913 5C Liberty PR64 NGC. The Olsen Specimen

1913 5C Liberty PR64 NGC. The Olsen Specimen 1913 5C Liberty PR64 NGC. The Olsen Specimen
  1. 1913 5C Liberty PR64 NGC. The Olsen Specimen. Realized $3,737,500
  2. 1804 $1 Original PR62 NGC. Realized $3,737,500
  3. 1787 Brasher New York Style Doubloon. EB Punch on Breast. XF45 NGC. Realized $2,990,000
  4. 1787 Brasher New York Style Doubloon. EB Punch on Wing. AU55 NGC. Realized $2,415,000
  5. 1907 $10 Satin PR67 NGC. Realized $2,185,000
  6. 1839/8 $10 Type of 1838 PR67 Ultra Cameo NGC. Realized $1,610,000
  7. 1927-D $20 MS65 NGC. Realized $1,322,500
  8. 1855-S $3 PR64 Cameo NGC. CAC. Realized $1,322,500
  9. 1796 $1 Small Date, Small Letters MS65 NGC. CAC. B-2, BB-63, R.4. CAC. Realized $1,175,000
  10. 1852 $10 Humbert Ten Dollar MS68 NGC. CAC. Kagin-10, R.5. Realized $1,057,500

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

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Heritage's Mark Borckardt to teach new ANA Summer Seminar Course

Our very own Mark Borckardt is among the slate of world-renowned numismatists teaching the new "Legends in Numismatics" course at The American Numismatic Association Summer Seminar. The course will be offered during both sessions, June 22-28 and June 29-July 5, in Colorado Springs, Colo.

Course CatalogThis will be a rare opportunity for students to get first-hand experience with some of the icons in the numismatic industry. Along with Mark Borckardt, instructors will include Neil Shafer, Fred Holabird, and Ira Goldberg. This week-long session will give students an opportunity to enhance their knowledge of territorial gold, money of panics and depressions, coins that made history and the first U.S. Mint in Philadelphia.

From June 22-28, instructors will include Ira Goldberg, Neil Shafer, Fred Holabird, and Heritage's own Mark Borckardt. This week-long session will give students an opportunity to enhance their knowledge of territorial gold, money of panics and depressions, coins that made history and the first U.S. Mint in Philadelphia.

Find out more about the Legends In Numismatics course at the ANA Summer Seminar.

The ANA Summer Seminar is given in two sessions, June 22-28 and June 29-July 5. For more details, please visit the ANA's website.

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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 Nature & Science 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:

  • Asian Art Specialist
  • Coin Buyer: (San Francisco, Dallas, New York)
  • Decorative Arts & Design Specialist
  • European Art Specialist
  • Modern & Contemporary Art Specialist: (New York, 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:

  • Building Operations / Maintenance Associate: Dallas
  • Client Data Specialist: Dallas, Part-time
  • Client Services Representative: Dallas
  • Color & Photography Imaging Specialist: Dallas
  • Consignment Coordinator: Dallas
  • Currency Cataloger: Dallas
  • Currency Consignment Director: Dallas
  • e-Publishing Expert: Dallas
  • Interns
  • Marketing Account Executive: Dallas
  • PHP Web Developer: Dallas
  • Rare Books Cataloger: Dallas

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

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  Around Heritage

Complete Andy Warhol Endangered Species And Ads 1985 Portfolios Expected To Exceed $250,000+ Each At Modern And Contemporary Art Event

ANDY WARHOL (American, 1928-1987) Endangered Species, 1983A portfolio of 10 screen prints from Andy Warhol's Endangered Species, 1983, may bring $250,000 to lead Heritage Auctions' May 22 Modern and Contemporary Art Signature® Auction in Dallas. Each signed and numbered in pencil, the portfolio is presented in a single lot and is one of eight lots featuring the Master of Pop Art, to include Ads, 1985, ($200,000+), Liz, 1967, ($5,000+) and Teddy Roosevelt, from the Cowboys and Indians portfolio, ($12,000+).

"The fine Warhols are just a few of the more than 200 lots of fresh to market paintings, sculpture and photography offered in this auction," said Frank Hettig, Director of Modern & Contemporary Art at Heritage. "This is a powerful selection."

Ed Ruscha's Rustic Pines, 1967, ($150,000) created using gunpowder on paper makes a rare auction appearance from a private collection, as does his color screen print Double Standard, 1969, ($40,000+). It is joined by Old Police Headquarters, New York City, 1984, by Richard Estes ($120,000+) and Mel Ramos' oil on canvas Georgia Peach, 1964, ($80,000+).

Selected as the catalog cover lot to represent the auction's selection comes Karl Benjamin's #43, 1964, ($25,000+), which is offered alongside Roy Lichtenstein's American flag-inspired Forms in Space, 1985, ($30,000+).

American sculptor Robert Longo's Strong in Love, 1986, ($50,000+) leads a selection of fine sculptural offerings which includes Vase deux anses hautes, 1953, ($30,000+) by Pablo Picasso.

DALE CHIHULY (American, b. 1941) Cobalt Chandelier, 2003Among the modern masterpieces in the auction, the magnificent, 7-foot Cobalt Chandelier, 2003, ($60,000+) created by artist Dale Chihuly is one of a handful ever to appear at auction. The Chandelier measures 7-foot tall by 6-foot wide and is illuminated by a neon core surrounded by hundreds of Chihuly's hand-blown glass elements.

The artwork is also externally lit. The Chandelier is offered at auction through the federal court-appointed receivership overseeing the sale of assets previously owned by R. Allen Stanford of Stanford Financial Group. Stanford is currently serving a 110-year prison sentence for orchestrating a multi-billion dollar Ponzi-scheme fraud, one of the largest in US history. The receivership is also auctioning Terrestrial Tale, a 10-piece, 42-foot-long cast bronze ($20,000+) by American modernist sculptor Terence Main.

More information about Fine Art auctions.

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  Heritage Interactive
Opinion Poll

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

We know that many coin collectors also collect currency. How would you describe your currency collecting?
       A) I am primarily a currency collector
       B) I collect both coins and currency in equal amounts
       C) I collect currency actively, but am much more of a coin collector
       D) I occasionally pick up a piece of currency for my collection, but don't collect it seriously
       E) The only reason I collect currency is to spend it

Last week's question:

When is the last time you bought coins directly from the US Mint?
A) Within the last year (38%).
B) Within the last five years (17%).
C) Within the last ten years (7%).
D) More than ten years ago (18%).
E) I have never bought coins from the US Mint (19%).

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  Is it Time to Sell?

Heritage is dedicated to selling your rare coins and currency for top dollar in the marketplace, providing you with the right auction at the right venue. Your coins can sell alongside thousands of rarities. In recent auctions, Heritage has achieved extraordinary prices realized. Our world-class marketing is second to none. Our more than 750,000 online bidder-members ensure a wide reaching audience for your coins.

We invite your consignment to the Official Summer FUN 2013 Auction. Call one of our Consignment Directors today!

2013 July 11 - 14 Summer FUN US Coin Signature Auction – Orlando
Consignment Deadline: May 28, 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
June 5-9 US Coin Signature Auction - Long Beach #1186
June 5-9 US Coin Signature Auction - Long Beach #1186

View Lots
Sunday Internet Coin Auction Sunday Internet Coin Auction #131321
Closes May 19
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131321
Closes May 21
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Thursday Modern Coin Auction Thursday Modern Coin Auction #241321
Closes May 23
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Weekly World Coin Auction Weekly World Coin Auction #231321
Closes May 23
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Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141321
Closes May 21
View Lots

Other Signature Auctions
May 16-18 Comics Signature Auction - Dallas #7076 May 16-18 Comics Signature Auction - Dallas #7076
View Lots
May 21 Watches & Fine Timepieces Signature Auction - New York #5137 May 21 Watches & Fine Timepieces Signature Auction - New York #5137
View Lots
May 22 Modern & Contemporary Art Signature Auction - Dallas #5138 May 22 Modern & Contemporary Art Signature Auction - Dallas #5138
View Lots
May 30 DBA Home Project Auction - Habitat for Humanity - Dallas #537 May 30 DBA Home Project Auction - Habitat for Humanity - Dallas #537
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June 2 Nature & Science Signature Auction - Dallas #5110 June 2 Nature & Science Signature Auction - Dallas #5110
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June 9 Arms & Armor Signature Auction - Dallas #6099 June 9 Arms & Armor Signature Auction - Dallas #6099
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June 14 Silver Signature Auction - Dallas #5127 June 14 Silver Signature Auction - Dallas #5127
View Lots

Other Internet Auctions
Sunday Internet Comics Auction Sunday Internet Comics Auction #121320
Closes May 19
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151320
Closes May 19
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161320
Closes May 19
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Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171321
Closes May 21
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Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251321
Closes May 21
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201321
Closes May 23
View Lots

Auction Schedule | Order a Catalog

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