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Coin News
In This Issue:
$100 1890 Watermelon Note featured in CSNS currency auction
Heritage Auctions awards 20th Mint State High Relief $20 To Ohio Collector
Website Tips: Expandable Search Dimensions
This Week's Top Ten
Reduced Auction Commissions When You Resell Your Winnings!
Employment Opportunities
Around Heritage Auctions
Instant Quiz
Is It Time To Sell?
Current Auctions

March 28, 2015
Newsletter Archive
Last Issue
$100 1890 Watermelon Note featured in CSNS currency auction
Fr. 377 $100 1890 Treasury Note PCGS Very Fine 30PPQ
Fr. 377 $100 1890 Treasury Note PCGS Very Fine 30PPQ
Marking its auction debut, a $100 1890 Watermelon Note from the prestigious Eric P. Newman Collection – one of just 35 known to exist – is expected to bring $150,000+ in Heritage Auctions' Central States Numismatic Society Currency Signature Auction April 22-28 in Chicago. Rarities held in private collections from coast to coast and around the world will be offered to collectors for the first time in decades.

"The coveted Eric P. Newman Collection pedigree has set the standard in coins and we expect a similar response when these rare and truly historic pieces of currency are finally brought to public auction – in some cases for the first time in their history," said Dustin Johnston, Director of Currency Auctions at Heritage. "This entire auction is set to redefine the phrase "fresh to market."

The Watermelon Treasury Notes, so named because the zeros printed on the backs resemble watermelons, are highly sought-after by collectors. The Newman example is one of the very few to have survived circulation, and is being offered at public auction for the first time.

A $50/$100 Double Denomination Brown Back from Kansas City, Missouri will be offered for the first time in 70 years (est. $100,000+). This is one of only two known $50/$100 Double Denominations, and the first to be sold at public auction since June of 1945.

Many examples of the Midwestern frontier obsolete banknotes and scrip from the Newman collection are exceptionally historic and of the highest rarity, including a $1 note issued by Clark, Gruber & Co. from Leavenworth, Kansas; it is considered a giant of the entire Obsolete note canon (est. $25,000+). This 1862 note directly links the founding of the bank and note issuance in Leavenworth to the eventual office in Denver that printed $5 Denver Gold demand notes known as proofs and remainders. That very Denver office would later become the Denver Mint.

The only Minnesota "Santa Claus" note known to exist, a $1 vignetted type note features the Type III style Saint Nick prominently in the center (est. $25,000+) and a majestic serial No. 1 American $1 banknote from Dubuque, Iowa, from 1860 is considered the greatest of all Iowa Obsoletes for both its rarity and outstanding condition (est. $10,000+). A Superb Gem $2 proof from Madison, Wisconsin, printed on India paper features a full-color portrait of James Madison flanked by a farmer and an Indian (est. $4,000+).

Items being sold are from the extensive collection of 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 numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.

Highlights from additional collections offered during the CSNS Currency Signature Auction include, but are not limited to: This auction will open for bidding soon at www.HA.com/currency.

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Heritage Auctions awards 20th Mint State High Relief $20 To Ohio Collector
Ken Conway
Celebrating a 20-year tradition, Heritage Auctions has awarded a Mint State 1907 High Relief double eagle to Ken Conway, of Ohio, as the Grand Prize in its annual numismatic survey. The classic American numismatic rarity was certified by NGC as MS60 Wire Rim, estimated to be valued at about $12,500.

Conaway is a longtime Heritage Auctions member who started his serious numismatic collecting with certified Morgan Silver Dollars. Some seven years ago, he moved to the collection of U.S. Government silver ingots. Today Conway's U.S. Government ingot collection rivals any ever assembled privately and he attributes much of his collection success as well as research results to Heritage Auctions.

Working with Mark Van Winkle, Heritage Auction's Chief Cataloger, Conway has validated ingots as well as provided description details for auction listings. His research of U.S. Government silver ingots relies heavily on the Heritage Auction archives available on HA.com, calling it a vital tool in his research. "Being able to look back to the early 2000s and study each of the ingots sold by Heritage Auctions in the last great collection — that of Alan Bingel — is absolutely priceless," Conway said.

The prize in Conway's collection is an 1892 U.S. Assay Office New York silver ingot, the oldest dated government ingot known in existence which was won by him in person at the Heritage's ANA Signature Auction in Chicago last year.

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Website Tips: Expandable Search Dimensions
Have you checked out the search results on the Heritage website recently? While the functionality has not changed, we now hide many of the refineable results in the left column.

The names of the dimensions, such as Coin Category and Mint Mark are still visible, and you need only click on the [+] sign at left to see all the results. Click on the [-] to hide any results you no longer wish to see.

Other Website Tips
What is Heritage Live!TM?
Spam Blocking
Cookies and Security
Bidding Tutorial
Increasing your bids
How To "Make an Offer"
Batch Bidding
Tracking Lots
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PCGS Registry Numbers
NGC Registry Numbers
Index Number
MyCollection Help

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This Week's Top Ten
1798 1C Second Hair Style, S-184, B-45, R.1, MS64 Brown NGC. Our EAC Grade AU55
1798 1C Second Hair Style, S-184, B-45, R.1, MS64 Brown NGC. Our EAC Grade AU55
The ten highest mintage 18th century US coins:
  1. 1798 cent
  2. 1794 cent
  3. 1797 cent
  4. 1795 plain edge cent
  5. 1799 dollar
  6. 1796 Draped Bust cent
  7. 1798 dollar (all kinds)
  8. 1795 half dollar
  9. 1795 Flowing Hair dollar
  10. 1795 half cent
Do you have a suggestion for a future top ten list? Send it to us!

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New: Thursday Internet Natural History auctions

Heritage Auctions proudly announces Thursday Internet Natural History Auctions featuring minerals, fossils, meteorites, gemstones and lapidary arts. These auctions feature quality specimens at attractive estimates, and offer you regular opportunities to acquire pieces in addition to the Signature Fine Minerals and Natural History auctions for which Heritage Nature & Science is so well known.

Our first Thursday Internet Natural History auction is now open for bidding, closing with a Live Internet session beginning at 10PM CT on Thursday, April 2. Each auction will be open for bidding for one week at www.HA.com/natureandscience.

Please visit www.HA.com/NatureandScience to learn more about this new aspect of our growing Natural History business.

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
  • Modern & Contemporary Art Specialist: (New York)
  • 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
  • Client Services Representative
  • Desktop Support Technician
  • Housekeeping
  • Photography Imaging Specialist
  • Shipping Associate
  • World Coins Cataloger/Numismatist
If you are interested in applying for one of these Corporate positions, please apply here.

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Around Heritage Auctions
Le Courbusier line study with provenance may bring $30,000 in 20th & 21st Century Design Auction at Heritage

Le Courbusier line study
Le Corbusier's Untitled, 1937, an important example of the artist's study of the line and the female form — personally gifted to Edith Milton, wife of architect Wallace Harrison — could sell for $30,000 in Heritage Auctions' 20th & 21st Century Design Auction March 31 in Dallas. The auction offers exceptional examples of how national and international architects, artists and furniture designers perceived two centuries of radical change.

"As the founding father of Purism, few artists could convey so much with a single line as Corbusier," said Frank Hettig, Director of Modern & Contemporary Art at Heritage. "Ironically, Corbusier inscribed the painting with friendship to Ms. Milton but his artistic falling out with Mr. Harrison forever changed their friendship as well as the look of the United Nations headquarters building in New York."

Harrison invited Corbusier as part of a team of international consultants as he began planning the United Nations headquarters in New York. Corbusier wanted the committee and meeting building to be a low, extended horizontal form. When Harrison dismissed the idea altogether and instilled a plan for a two-story building instead, Corbusier disaffected himself from the project and Harrison.

The auction includes accomplishments by artists such as legendary California woodworker Sam Maloof, whose handmade furniture resides in the collections of the Metropolitan Museum of Art as well as the Smithsonian American Art Museum; Rocker (No. 43), 1989 and stand as an eloquent combination of form and function (est. $30,000+).

Though best known for his paintings of California swimming pools, British artist David Hockney also worked with ceramics in his youth. Cat, circa 1955, is one of these rare early works and was made by the artist when he was just 18 years old. The piece offers a hint of the aesthetic that would influence British art for nearly five decades (est. $20,000+). A charming polychrome glazed earthenware dog bowl painted in 2010 by the artist, with the words "Food and Love," also appears in the sale (est. $5,000+).

Structure Ambigüe Cristal, 1971, by Yvaral (Jean-Pierre Vasarely) will be offered for the first time at public auction after spending the last 44 years in private collections in Canada and Dallas (est. $20,000+).

A selection of three artworks by Austrian artist Niki Kogelnik, an icon of Pop Art, includes variations on her blown glass heads: Ocean Head, circa 1995 (est. $15,000+); Night Head, circa 1994 (est. $15,000+), and Censorship Head, 1996, (est. $15,000+).

Untitled, 1984/2006 by Herbert Bayer, considered the last living member of the Bauhaus until his death in 1985, is a posthumous sculpture copyrighted in 1984 by Herbert Bayer and again by the Herbert Bayer Estate in 2006. It is abricated directly from the Herbert Bayer maquettes and authorized by the Bayer Estate in a finite edition of six (est. $12,000+).

Instantly recognizable metalwork design by Franz Hagenauer include Two Heads, circa 1950, and Pair of Heads, circa 1960, both by (est. $8,000+ each) and Untitled (pair of sconces), circa 1970-1979, (est. $6,000+).

The auction includes a special selection of furniture and objects by celebrated Chinese designers from the Zizaoshe Furniture Collective, founded in Beijing in 2002. The Collective incorporated gave voice to Chinese culture within design as seen in as three works from the 2012 Wood Series by Xue Wenjing, including Coat Rack, Chair, and Ottoman (est. $2,000+ each). The line-up includes Object # ET2-BP (two stools), 2012, an innovative pair of computer generated, hand-crafted stools from the digital lab of up and coming designer Zhang Zhoujie (est. $6,000+), and Song Tao's Rebecca (tea table), 2012, a stunning combination of antique elm and cast aluminum joints (est. $4,000+). All of the artworks featured in the auction were also featured in the exhibition DESIGN+ held Washington, DC last year.

Seven lots relating to the design and influence of legendary architect Frank Lloyd Wright includes Dining Table from the Arizona Biltmore Hotel, Phoenix, 1927 (est. $3,000+) — developed with artist Warren McArthur — and five lithographs from The Wasmuth Portfolio, 1910, of perspectives and drawings done at Wright's studio in Oak Park, Illinois.

More information about Fine Art auctions.

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Instant Quiz

1. When were half dollars first minted at .900 fine?
       A) 1794
       B) 1796
       C) 1807
       D) 1836
       E) 1840

2. Which of the following were struck at the New Orleans mint?
       A) Large cent
       B) Two cent
       C) Three cent silver
       D) Three cent nickel
       E) Indian Quarter Eagles

Last week's question:

1. Which of the following coins can be easily identified by its non-dated side?
Correct Answer: B) 1859 cent (42%)

2. Adolph A. Weinman designed the Mercury dime and which other coin?
Correct Answer: E) Walking Liberty half dollar (63%)

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Is it Time to Sell?
An exciting consignment opportunity awaits you, as Heritage proudly presents the eagerly awaited June 3-8 Long Beach US Coins Signature Auction. Heritage's auctions have been a fixture at Long Beach shows, with dozens of high profile rare coin auctions having taken place over a period of many years. And each one has been enthusiastically embraced by bidders. We expect this auction to receive a similar reception.

Benefit from Heritage's connections to buyers from around the world, to sell your coins alongside the millions of dollars of rare, desirable and important coins that have already been consigned.

The April 20 consignment deadline for US coins will be here before you know it. Call our Consignment Hotline at 1-800-872-6467 x1000 today!

2015 June 3-8 US Coins Signature Auction - Long Beach
Consignment Deadline: April 20, 2015

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 and Currency Auctions
April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago #3040
April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago #3040
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April 9 - 13 CICF World Currency Signature Auction - Chicago #3534
April 9 - 13 CICF World Currency Signature Auction - Chicago #3534
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Sunday Internet Coin Auction
Sunday Coins
March 29
Live session @ 7PM CT
Skipton Castle Collection of British Minors Monthly World and Ancient Coin Auction
Skipton Castle Collection
of British Minors

March 29
Live session @ 8PM CT
Tuesday Internet Coin Auction
Tuesday Coins
March 31
Live session @ 7PM CT
Weekly Currency Auction
Tuesday Currency
March 31
Live session @ 7PM CT
Weekly World Coin Auction
Thursday World Coin
April 2
Live session @ 8PM CT
Signature Auctions
March 28 - 29 Vintage Movie Posters Signature Auction - Dallas #7106 March 28 - 29 Vintage Movie Posters Signature Auction - Dallas #7106
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March 31 20th & 21st Century Design Signature Auction - Dallas #5205 March 31 20th & 21st Century Design Signature Auction - Dallas #5205
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Doodle for Hunger Illustration Art Auction #592 April 6 Doodle for Hunger Illustration Art Auction #592
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April 8 - 9 Rare Books Signature Auction - New York #6117 April 8 - 9 Rare Books Signature Auction - New York #6117
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April 9 Historical Manuscripts Signature Auction - New York #6116 April 9 Historical Manuscripts Signature Auction - New York #6116
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April 9 - 10 Animation Art Signature Auction - Dallas #7108 April 9 - 10 Animation Art Signature Auction - Dallas #7108
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April 18 - 19 Entertainment & Music Memorabilia Signature Auction - Beverly Hills #7134 April 18 - 19 Entertainment & Music Memorabilia Signature Auction - Beverly Hills #7134
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May 2 Judson C. & Nancy Sue Ball Collection Fine Art Signature Auction - Dallas #5219 May 2 Judson C. & Nancy Sue Ball Collection Fine Art Signature Auction - Dallas #5219
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May 2 American Art Signature Auction - Dallas #5211 May 2 American Art Signature Auction - Dallas #5211
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Other Internet Auctions
Sunday Internet Sports Auction
Sunday Sports
March 29
Sunday Internet Comics Auction
Sunday Comics
March 29
Live session @ 6PM CT
Tuesday Internet Watch & Jewelry Auction
Tuesday Jewelry
March 31
Live session @ 9PM CT
Weekly Internet Luxury Accessory Auction
Tuesday Luxury
March 31
Live session @ 10PM CT
Weekly Internet Rare Books and Autographs Auctions
Thursday Books
April 2
Live session @ 8PM CT
Thursday Internet Natural History Auction
Thursday Natural History
April 2
Live session @ 10PM CT
Auction Schedule | Order a Catalog
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