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  This Week In Coin News

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Hot Times at Summer FUN

1921 $20 MS61 NGC
1921 $20 MS61 NGC

Our Summer FUN auction of US coins is open for bidding now at HA.com/coins. As usual, there are highlights that will whet your numismatic appetite regardless of your tastes in US coins; most of these coins are gathered together in our Premier Session, scheduled for Thursday evening, July 11 at 6PM ET in Orlando, and of course through Heritage Live!. Live sessions will continue in Orlando through July 12, with Internet-only sessions through Heritage Live! scheduled through July 14.

Unlike many of the later rarities in the Saint-Gaudens double eagle series, the 1921 is not found exclusively in Mint State grades, and more examples are seen in circulated grades than in Mint State. This auction contains an attractive example graded MS61 by NGC, an opportunity for the astute collector to acquire an uncirculated example of a true 20th century rarity.

As collectors of 19th century proof coinage are well aware, any proof coin minted before 1858 can be considered a rarity. The proof 1854 three dollar gold piece has a recorded mintage of only 15 coins, although restrikes are suspected (although unproven) to exist. The major grading services have combined to certify only about a dozen examples, with resubmissions possible. One of these, graded Proof-63 Cameo by PCGS, is available in our Summer FUN offerings; this is exceeded in grade by only two examples graded Proof-64 Cameo at PCGS and a Proof-64 example graded by NGC.

Among territorial gold pieces, the Mormon issues of 1849-50 were not well-regarded at the time of issue, with the purity of the gold open to question and lightweight pieces reported. While the Mormon Church accepted these coins at face value, other merchants would only accept them at a significant discount. Today, these coins are very rare highly collectible. This auction features an example of the 1849 quarter eagle issue graded AU55 by PCGS. Mormon issues of any denomination are seldom available in Mint State, and this Choice AU example represents an opportunity for a collector to acquire one of the finest examples available.

1854 $3 PR63 Cameo PCGS 1854 $3 PR63 Cameo PCGS
1849 25C PR65 PCGS. CAC 1849 25C PR65 PCGS. CAC
Just a few of the other highlights of this auction include:

Bidding on this auction will continue at HA.com/coins through July 14.

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Hilton's Collecting Confederate Currency Available Now

Hilton's Collecting Confederate Currency
"Hilton's Collecting Confederate Currency explores the history of collecting Confederate paper money and provides a number of new and previously unpublished insights into how Confederate paper money and bonds were birthed during the tumultuous months leading up to the start of hostilities in 1861." This interesting book uses the more detailed Criswell numbering system and also contains a plethora of information pertaining to collecting and purchasing Confederate notes.

Order your copy now!

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Website Tips: Tie Bids

Under certain circumstances, it is possible for more than one person to have the same bid on the same item. This is actually fairly common, since people will tend to have similar ideas about an item's value, often based on having access to the same reference materials. In any case where there is a tie bid, the earliest bidder in our records is credited with being the high bidder.

What does this mean in practice? You need to pay attention when you complete your bid. Above are two different images from our website, both showing the results of $2 bids on the same item in the same auction. One of them congratulates the bidder for placing the high bid on the item. The other states that the bidder, with the same bid, has been outbid, and offers him the opportunity to place another bid.

You may notice that on the version of the page where the bidder has been outbid, the current bid is the same thing as the bid he just placed. If you see that, it is a dead giveaway that you were outbid by an earlier bid of the same amount and simply lost a tiebreaker. An astute bidder will also note that the high bid is revealed to him in this case; any further bid he places would be guaranteed to become the high bid on the item.

Another consequence of tie bids is that under certain circumstances it is not possible to tell strictly from search listings whether you are the high bidder on an item. Search pages simply show the amount of the current bid without regard to any secret maximum bid. If the search page shows an amount less than your secret maximum bid, you are the high bidder. If it shows an amount more than your secret maximum bid, then you are not the high bidder. But if it shows an amount equal to your secret maximum bid? You don't know. Both of the bidders above can take a look at this search page and see the current bid equal to their high bid. But only one of them is the high bidder.

So, if you can't tell whether you're the high bidder from the search page, what can you do? MyBids is the answer. This page will always tell you whether you are the high bidder on an item, showing your bid in green if you're the high bidder and in red if you are not. Of course, MyBids is invaluable as a record for all your bids, not just the close ones, and our most astute bidders check this page on a regular basis.

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This Week's Top Ten

The eleven four dollar gold pieces to sell for the lowest prices in Heritage auctions during the 21st century:

  1. 1879 $4 Flowing Hair, Judd-1635, Pollock-1832, R.3, PR45 Cleaned
    1879 $4 Flowing Hair, Judd-1635, Pollock-1832, R.3, PR45 Cleaned

  2. 1879 $4 Flowing Hair, Judd-1635, Pollock-1832, R.3, PR45 Cleaned. Sold for $16,100 on January 6, 2001
  3. 1879 $4 Flowing Hair, Judd-1635, Pollock-1832, 1833, R.3, 6, Impaired Proof, Obverse Graffiti, Polished, NCS. Sold for $31,050 on September 19, 2003
  4. 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3 — Ex-Jewelry — ANACS. PR45 Details. Sold for $32,200 on June 1, 2012
  5. 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3 — Plugged, Harshly Cleaned — NGC Details. XF. Sold for $32,200 on January 5, 2012
  6. 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3—Repaired, Harshly Cleaned—NGC Details. AU. Sold for $40,250 on September 24, 2010
  7. 1879 $4 Flowing Hair, Judd-1635, Pollock-1832, R.3—Mount Removed—NCS. Proof, AU Detail. Sold for $43,125 on July 31, 2008
  8. 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR50 PCGS. Sold for $48,300 on July 28, 2003
  9. 1879 $4 Flowing Hair, Judd-1635, Pollock-1832, R.3—Repaired, Whizzed—NCS. Impaired Proof. Sold for $48,875 on January 10, 2008
  10. 1879 $4 Flowing Hair, Judd-1635, Pollock-1832, R.6, PR 63 NGC. Sold for $51,750 on January 7, 2000
  11. 1879 $4 Flowing Hair, Judd-1635, Pollock-1832, 1833, R.3, 6, PR61 PCGS. Sold for $52,900 on July 29, 2002
  12. 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR 63 PCGS. Sold for $52,900 on August 7, 2000

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 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
  • Classic Cars 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:

  • 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
  • Gallery Coordinator: Beverly Hills
  • Interns
  • PHP Web Developer: Dallas
  • Web Marketing & Social Media Coordinator: Dallas
  • Web Marketing Specialist: Dallas

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

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  Around Heritage

Charity KidSwing Golf Tournaments Auction #542

Charity KidSwing Golf TournamentsThe KidSwing Golf Tournament was founded in 2003 by former Texas Scottish Rite Hospital for Children (TSRHC) patient, Ben Sater. When he discovered that patients receive treatment regardless of their ability to pay, he decided to use his love for golf to give back to the hospital by creating KidSwing, a 9-hole, best-ball scramble for players ages 7 to 18 of all levels of golf ability.

KidSwing is a unique fundraising concept that is unparalleled. Unlike other charity golf tournaments, KidSwing is all about kids helping kids and gives local businesses and corporations the opportunity to help.

There is no entry fee to play in the tournament, but players are encouraged to raise $100 by asking their friends and families to sponsor them. Building on the tremendous success of the original KidSwing-Dallas, two more tournaments were created — KidSwing-McKinney in 2008 and KidSwing-Trophy Club in 2011. More than 300 players participated in the Dallas, McKinney, and Trophy Club tournaments in 2012. Since its inception, KidSwing has raised an astounding $1.4 million for TSRHC.

Click here to view the lots >>

More information about Charity auctions.

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Pair of Gatling Guns Brings $406,300 at $3.475+ Million Civil War, Arms & Armor Event

U.S. Model 1883 Colt Gatling Gun and Rare Limber With AccessoriesA U.S. Model 1883 Colt Gatling Gun and rare limber sold for $227,050 and a U.S. Model 1875 .45 government caliber Colt Gatling Gun realized $179,250 to take top lot honors during Heritage Auctions' $3.457+ million Civil War & Militaria and Arms & Armor Signature® Auctions June 8-9.

The two rare military firearms were both from the Michael Yeck Collection, a well-known selection of historical arms that also included a U.S. Model 1841 Model field gun, which sold for $89,625.

"Collections like this are getting harder and harder to come by and bidders recognized its rarity and fantastic condition," said Cliff Chappelle, Consignment Director for Arms & Armor at Heritage Auctions. "We were pleased at the collections' final value but were not surprised how fiercely people competed for these items."

Very Rare U.S. Model 1875 Colt Gatling Gun on Original Naval Boarding Carriage Delivered to U.S. Navy February 24, 1881The June 8 Civil War and Memorabilia event presented a rare examples of high-powered Civil War armament, including an ammunition caisson and limber in excellent condition and retaining much of its period paint, which fetched $47,800. A U.S. Model 1838 24 pounder 8" Coehorn mortar saw 11 bidders vie for the piece to eventually drive the price realized to $44,812.

The selection of memorabilia ranged from an impressive three-piece coin silver coffee set that once belonged to Jefferson Davis, the president of the Confederacy, which sold for $26,680 to a classic Confederate company grade officer's kepi, which changed hands for $9,560.

The June 9 Arms & Armor event presented numerous rare pistols and rifles, as a rare 20 gauge James Purdey & Sons sidelock ejector double barrel shotgun realized $35,850 and a scarce DWM Model 1900 Luger semi-automatic pistol with accoutrements, reaching $26,680. An exceptional Colt Model 1872 open-top-single action revolver sold for $19,120 and a 5-Digit U.S. Cold single action army revolver, serial #32040, also brought a strong $19,120.

Among the large and varied selection of ammunition in the auction, an ammunition cartridge display board by the United States Cartridge Co. realized $17,925. Two rare English ammunition display boards sold well, the first featured Kynoch's Birmingham and sold for $8,365 and the second offered over a hundred examples of brass and pasteboard cartridges made by Eley Brothers, which sold for $7,170.

More information about Historical auctions.

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  Heritage Interactive

1. The Philadelphia mint struck half dollars for circulation every year between 1816 and 1921. What was the next year Philadelphia struck half dollars intended for circulation?
       A) 1922
       B) 1923
       C) 1927
       D) 1934
       E) 1971

2. What was the first year of the Lincoln Memorial reverse on the cent?
       A) 1909
       B) 1910
       C) 1958
       D) 1959
       E) 2010

Last week's question:

1. What does the next to the grade on some NGC-graded coins mean?
Correct Answer: B) The coin is especially nice-looking for the grade (55%).

2. Which US coins were made in 75% silver at one time?
Correct Answer: D) Three cent silver (38%).

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  Is it Time to Sell?
Numismatists collect pieces of the past in many different ways, but when the time to sell comes, they all agree: earn the most money possible. Heritage delivers the best auction in Chicago — before the ANA show — when all our clients still have their entire budgets to spend. Our systems, our programs, our website, our staff experts, our event — all work together seamlessly to deliver extraordinary prices for you.

Your coins can sell alongside the magnificent "King of American Coins" at our Platinum Night® & Signature® Auctions in Chicago. But you need to act quickly! Call the Heritage Consignor Hotline at 1-800-872-6467 x1000 to reserve a place for your coins in this auction.

2013 August 8 - 9 US Coins Signature Auction - Rosemont
Consignment Deadline: June 26, 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
July 11-14 US Coins Signature Auction - Orlando #1187
July 11-14 US Coins Signature Auction -
Orlando #1187

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Sunday Internet Coin Auction Sunday Internet Coin Auction #131326
Closes June 23
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Tuesday Internet Coin Auction Tuesday Internet Coin Auction #131326
Closes June 25
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Thursday Modern Coin Auction Thursday Modern Coin Auction #241326
Closes June 27
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Weekly World Coin Auction Weekly World Coin Auction #231326
Closes June 27
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Currency Auctions
Tuesday Internet Currency Auction Tuesday Internet Currency Auction #141326
Closes June 25
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Other Signature Auctions
June 22-23 Legends of the Wild West Signature Auction - Dallas #6101 June 22-23 Legends of the Wild West Signature Auction - Dallas #6101
View Lots
June 22-23 Americana, Political Signature Auction - Dallas #6096 June 22-23 Americana, Political Signature Auction - Dallas #6096
View Lots
July 11 Art from the Heart Auction Benefiting Dallas Challenge #541 July 11 Art from the Heart Auction Benefiting Dallas Challenge #541
View Lots
July 16 KidSwing Golf Tournaments Auction #542 July 16 KidSwing Golf Tournaments Auction #542
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Other Internet Auctions
Sunday Internet Comics Auction Sunday Internet Comics Auction #121325
Closes June 23
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Sunday Internet Sports Collectibles Auction Sunday Internet Sports Collectibles Auction #151325
Closes June 23
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Sunday Internet Movie Poster Auction Sunday Internet Movie Poster Auction #161325
Closes June 23
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Tuesday Internet Watch and Jewelry Auction Tuesday Internet Watch and Jewelry Auction #171326
Closes June 25
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Weekly Internet Luxury Accessories Auction Weekly Internet Luxury Accessories Auction #251326
Closes June 25
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Weekly Internet Rare Books and Autographs Auction Weekly Internet Rare Books and Autographs Auction #201326
Closes June 27
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