Eric P. Newman Auction Part II Set for November in
New York City
Heritage Auctions has designated the week of Nov.
11-16, 2013, as "Newman Week in New York City" to honor the legacy
of esteemed numismatic researcher, author and collector Eric P.
Newman, culminating on the evenings of Nov. 15 and 16 with the
second eagerly anticipated offering of numismatic rarities from
Newman's legendary collection. Most of these outstanding historic
coins have been off the market for a half century or more.
The "Selections from The Eric P. Newman Collection Part II"
auction will be conducted by Heritage, live and online, at the
Fletcher-Sinclair Mansion (2 E. 79th Street, at 5th Avenue) in New
York City, Nov. 15 and 16, 2013. Lot viewing of the collection will
take place from Monday, Nov. 11 to Thursday, Nov. 14, at Heritage's
445 Park Avenue offices, on the 15th floor.
"Part I this past April brought more than $4 million in winning
bids for 159 pattern coins from Newman's remarkable collection,"
said Jim Halperin, Co-Chairman of Heritage Auctions. "Part II this
fall will feature more than 1,800 early American and 19th century
U.S. coins with an estimated combined value of $15 million or
The auction will include a broad selection of U.S. quarters,
half-dollars and silver dollars, as well as high-grade two-cent and
three-cent pieces, nickels, dimes and twenty-cent pieces.
"Many of these historic treasures have been in Newman's
possession since he obtained them directly from the estate of
another legendary collector, Colonel E.H.R. Green, more than 70
years ago," said Halperin.
Specific information about the coins to be offered in Part II
will be announced by Heritage in the coming months.
Newman, 102, is a retired St. Louis lawyer and business
executive who is well-known in numismatics as a collector,
researcher and award-winning author. He began collecting at the age
of seven, and today is the only surviving person to ever own all
five of the fabled 1913 Liberty Head nickels.
Items being sold are from the extensive collection of the Eric
P. Newman Numismatic Education Society (a Missouri not-for-profit
corporation) and have been assembled over a period of 90 years.
Proceeds of the sale of all items will be used exclusively for
supplementing the Society's museum operations and scholarly
research efforts and for the benefit of other not-for-profit
institutions selected by the Eric P. Newman Numismatic Education
Society for public purposes.
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Seldom Seen Selections: Rare Gem 1860-O
The 1860-O Seated Liberty dollar claims a substantial mintage of
515,000 pieces, making it one of the more available issues of the
series and a favorite choice of type collectors. The 1860-O was
primarily intended for use in the China trade, and most of the
mintage was probably sent to the Orient near the time of issue.
However, it seems that a considerable number remained in domestic
hands. Several thousand examples were still in government storage
facilities in the 1960s and the issue was well-represented in the
great Treasury releases of 1962-1964. The coins from the Treasury
hoard were almost all in lower Mint State grades, due to excessive
bagmarks. Q. David Bowers states, "I have never seen an MS-64 or
MS-65 coin from the Treasury hoard. When such coins come on the
market they are usually from cabinets formed years earlier."
Unfortunately, few 19th century collectors were interested in
branch mint coins, so few old-time cabinets of the type Bowers
refers to included an example of the 1860-O. One early auction
appearance was in the Fifth Semi-Annual Sale (W. Elliot Woodward,
10/1864), lot 323, "1860 From the Orleans mint, very fine, scarce."
The coin realized $2.30, to Thomas Warner. The 1860-O remains very
rare in Gem condition or better, and the last time Heritage offered
a really high-grade specimen was lot 966 of the Dallas Signature Auction in November 2007. The
MS66 NGC coin in that offering realized $63,031.50.
One of the offerings in our Summer FUN auction of US coins is a delightful Gem, one of the finest certified at
PCGS. The design elements are sharply detailed in most areas,
with just a touch of softness on some star centrils. The pleasing
surfaces display strong satiny mint luster under attractive shades
of pink, gold, and amber patina. Only a few minor contact marks are
evident and eye appeal is outstanding.
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Heritage Auctions' Make Offer to
Owner surpasses $16+ million sales milestone, celebrates fourth
Heritage Auctions' proprietary Make Offer to Owner (MOTO)
service, in which clients make anonymous offers to purchase items
previously sold at auction, celebrates its fourth anniversary by
surpassing $16+ million in sales since its launch in May 2009. The
service has facilitated transactions across every one of Heritage's
30+ categories, including fine art, comic art, and fine jewelry.
The program's largest transaction so far is $400,000.
"We are always seeking new ways to bring clients together and an
increasing number of them rely on this quick, vetted and efficient
service," said Jim Halperin, Co-Chairman of Heritage Auctions.
"It's just one of the many ways Heritage puts clients first."
Clients are offered an opportunity to enroll in the MOTO service
at the close of select auctions. If a third party is interested in
making an offer, the information is transmitted by Heritage to the
owner, who can accept, reject or make a counteroffer. Responses are
delivered within 72 hours — always and only at a seller's request.
Heritage retains 10 percent of the total price as a commission and
waives all credit card or PayPal fees. All transactions are managed
through HA.com, maintaining privacy for both parties.
Transactions are binding, but feature a seven-day return
In addition to MOTO, Heritage also conducts numerous private
treaty sales, which are used to sell fine art and collectibles
across all of its 34 categories — always and only at a seller's
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This Week's Top Ten
The ten most valuable Seated dollars to sell in Heritage
- 1870-S $1 XF40 NGC. Realized $805,000
- 1870-S $1 XF40 PCGS. Realized $503,125
- 1871-CC $1 MS64 NGC. Realized $241,500
- 1849 $1 PR67 NGC. Realized $230,000
- 1845 $1 PR67 NGC. Realized $207,000
- 1853 $1 Restrike Seated Dollar PR66 Cameo
NGC. Realized $184,000
- 1848 $1 PR67 NGC. Realized $161,000
- 1846 $1 PR65 PCGS. Realized $149,500
- 1851 $1 Restrike PR66 Cameo NGC. Realized
- 1855 $1 MS64 NGC. CAC. Realized $149,500
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