Heritage Auctions
Coin News
In This Issue:
ANA Anaheim World Coins auction open for bidding
Seldom Seen Selections: The single finest 1918/7-S quarter ever offered at auction
Website Tips: Image closeups
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

July 19, 2016
Newsletter Archive
Last Issue
ANA Anaheim World Coins auction open for bidding
Croesus (ca. 561-546 BC). AV stater (18mm, 10.72 gm)
Croesus (ca. 561-546 BC). AV stater (18mm, 10.72 gm)
The apex of our world coin auction season is the 2016 American Numismatic Association Platinum Night auction, scheduled for August 11! While we are always impressed by the quality of the coins entrusted to us in these special events, we're particularly excited about our 2016 edition: historical importance, rarity, quality and diversity are amply displayed with every item. And while it is difficult to select highlights from a field of gems, we want to point out just a few of our favorites.

What better place to start than the very origins of human coinage? The Ancients offering of 120+ lots boasts two of the first gold coin types ever struck, the legendary "lion and bull" gold staters of King Croesus of Lydia (561-546 BC), including an extremely rare "prototype" issue. The unmatched beauty of Greek coinage is exemplified by a spectacular silver decadrachm of Syracuse signed by the Master Engraver Euainetos, a lovely archaic incuse-relief stater of Caulonia, an important silver decadrachm of Alexander the Great, and a bold gold stater of Ptolemy I of Egypt. Of special note is an amazing run of Judean silver covering all five years of the First Jewish War (AD 66-70), including two rare Year 4 shekels, and the famous Shoshana specimen Year 5 shekel found at Masada. The "Golden Age" of the Roman Empire is personified by an incredible run of gold aurei from Hadrian (AD 117-138) to Septimius Severus (AD 193-211), the last represented by a rare Dynastic aureus of Caracalla and Geta. The Late Roman and Byzantine Eras offer rare and outstanding gold pieces of Constantius I, Maximinus II, Licinius II, Justinian II and Theodora.

The "modern" world comprises more than 400 outstanding coins spanning 70 nations, with British coinage holding a pride of place. Among offerings from the Scepter'd Isle, we note a spectacular 1553 ship ryal of Mary, one of fewer than 10 in private hands. Graded PCGS AU55, our royal ryal is blessed by a robust, well-centered and detailed strike as well as a 116-year pedigree back to a 1900 Sotheby's sale. From Great Britain's Glorious Revolution of William & Mary, we offer the finest certified (PCGS MS63) 5 guineas from 1692. With an Elephant & Castle privy mark denoting gold from Africa, its mystique is undeniable. Finally, we are proud to present the famous 1933 George V penny, one of just seven known. This is likely Britain's most recognizable rare coin, as scores of children during the 1940s-60s spent countless hours searching their pocket change in hopes of finding an example.

One of the highlights from the impressive Bern Collection is a remarkable Swiss 20-franc pattern from 1897. This singular "Vreneli" type closely resembles normal circulating 20 francs, except for a prominent extra forelock of on Helvetia's portrait, a strand deemed "frivolous" by a Bern magistrate and removed before business strikes commenced. From the early New World comes a 1733 Mo-MF 8 reales from Mexico, one of the most coveted Pillar types; our specimen, graded MS63 Prooflike by NGC, is certainly the finest known and will astound all Pillar fans. Prussia provides a titanic Teutonic rarity in the form of a 1753 2 Friedrichs d'or. Graded MS63 by PCGS, it is one of only two known specimens, the only other being a well-worn example in the Berlin Museum. India offers a pristine 1879 proof 10 rupees with an unheard-of PR68 Ultra Cameo grade from NGC.

Our "regular" offering is complemented this year by two special holdings of Russian and European rarities: The Richard Woit Collection and the Commander Collection. The Woit Collection comprises a significant run of Russian coinage, with numerous finest-graded examples of important types, including both a 1762 5 and 10 roubles of Peter II. While we offer only a small "taste" of delights from the Commander Collection (stay tuned for future landmark items!), these include the finest certified 1910 "Bare Head" 100 perpera from Montenegro, graded PR63+ Ultra Cameo!

Three individual collections are so important as to merit their own catalogs. The Cape Coral Collection of Multiple Talers has been meticulously curated for excellence; the dedication of the collector and the accomplishment of this assemblage effortlessly counterbalance what would in most cases seem a rather modest offering of 85 lots. We have found the quality of each individual piece to be outstanding, a great many of which are easily amongst the finest known of their respective types. Part one of the Redwood Collection of Swiss Coinage is just a fraction of the collection's whole, contains a sampling of highlights that span the over 500 years of Swiss numismatic history, featuring offerings literally from A to Z (Aargau through Zurich), and through the Confederation. Our latest selection from the incomparable cabinet of Isaac Rudman features the Philip V series of pillar coins from the Rudman collection: it is in fact complete, an unprecedented and remarkable feat in itself. Moreover, due to the incredibly high quality of the pieces offered herein, this group is indisputably the most important of its kind ever offered for public consideration, unlikely to ever be approached let alone repeated.

This auction is open for bidding now at www.HA.com/coins!

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Seldom Seen Selections: The single finest 1918/7-S quarter ever offered at auction
1918/7-S Quarter
1918/7-S Quarter
No issue in the entire Standing Liberty quarter series is as much of a rarity in high grade as the 1918/7-S. The overdate was not discovered until nearly two decades after its creation, by which time collectors' best chance of finding an example was to pluck a worn piece from circulation. Bank rolls and other accumulations of Mint State 1918-S quarters yielded extremely limited results when searched for the overdate. By the late 1940s, the 1918/7-S was an established series key. The 1948 Guide Book listed the overdate at $150.00 in Uncirculated condition -- significantly higher than the other series key, the 1916, which was listed at only $90 in the same condition. Today, the overdate remains the rarer and more valuable coin, particularly in Mint State.

The 1918/7-S also rivals the 1916 as the most poorly struck issue in the series. This issue is almost always seen with heavy clash marks in the recesses of Liberty's gown and evidence of die lapping in the fields. The shield is never seen sharp, and Full Head detail is present on only a fraction of the already scant Mint State population. When it comes to the 1918/7-S, it is challenging enough just to find a sharp date and well-struck eagle. And this without consideration of condition. A moderately well-struck coin in a middle or upper Mint State grade is an incredible rarity.

A number of resubmissions are likely reflected in the certified population figures for this issue, although the general clustering of Mint State coins in the MS62 to MS64 grade range is accurate. Gem or finer coins are extremely rare, and none this well preserved are in Full Head. The finest non-Full Head coin at PCGS is a single MS66, followed by three MS65s. At NGC, there are four MS65s, an MS66, and two MS67s -- one of which is the coin we are featuring in our upcoming August 10 - 14 ANA US Coins Signature Auction in Anaheim. The number of recent auction appearances of MS65 and MS66 pieces can be counted on one hand, and this is the first time that a Superb Gem 1918/7-S quarter has ever been likewise offered.

One glance at this piece and the astute collector will marvel. The luster is remarkably thick and frosty for an issue that often comes dull and satiny, with light champagne toning that accents the margins. The strike is also impressive: Liberty's head detail is far above average for the issue with the three sprigs showing plainly, and the shield shows at least partial definition on all rivets and lines. The central torso and the reverse eagle are also far better defined than is typical of the 1918/7-S. The eye appeal generated by the MS67-quality surfaces is stunning, with no obvious abrasions. This piece, when considered for rarity, quality, and eye appeal, is arguably just as important of a consideration for the advanced collector as one of the finest Full Head pieces.

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Website Tips: Image closeups
Our image closeup page has a host of great new features. Have you tried them yet?

To get to the page, go to the item page for the item you're interested in, and click on any of the images or thumbnails.

my collection

The image of the item will initially open up at a size where you should be able to view the entire image, although this may vary based on the size of your browser window. To move the image, either drag it or use your keyboard arrows. If using a mouse with a wheel, you can enlarge or shrink the image with the wheel, or if you are on a tablet or phone, you can pinch and bloat the image with your fingers.

my collection

Users on computers and tablets will see a control bar at the top (for reasons of space, control bars do not appear on smaller devices). Here you can change the size of the image by clicking on the '+' key to enlarge or the '-' key to shrink. For extreme precision, you can enter the size of the image you want in the "Viewing at" box; 100% will be the largest possible image, while the smallest possible image will vary by item, usually about 10%. Click on "Fit to screen" to return the image to its starting position, or click on "View Full Size" to see the image at the largest possible size. You can also adjust the brightness of the image here; this can sometimes be important on very dark items.

my collection

At the bottom is another bar, which by default will show the current bid for the item and a box to place your bid - yes, this page allows direct bids! If you mouse over the bar (or click on it on a tablet), it will open up to show more information:

my collection

Here you can also see the reserve status and the minimum next bid. You can even choose Bid Protection if you like.

To the right of the bidding area on the bottom bar are the images for the lot. Click on any image to view it in this page. If there are many images, click on one of the arrows to the right or left of the images to navigate, or simply drag the images left or right until you see the image you want.

To close the image closeup page, click on the 'x' in the upper right corner. Do not close the page in your browser or use the back button, as this will take you away from the item page!

We encourage you to try out all the features of the image closeup page!

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This Week's Top Ten
1792 Birch Cent
1792 Birch Cent
The ten highest-valued US Mint issued coins with problems to sell in Heritage auctions, one per noted problem:

  1. 1795 1C Reeded Edge -- Corrosion. Fine Details NGC. S-79, B-9, R.7 Realized $431,250
  2. 1854-O $20 -- Improperly Cleaned. XF Details NGC Realized $282,000
  3. 1817/4 50C -- Environmental Damage. XF Details NGC. O-102a, R.7 Realized $164,500
  4. 1856-O $20 -- Obverse Scratched, Cleaned. AU Details NGC Realized $164,500
  5. 1886 $20 - Tooled. Unc Details PCGS Genuine Secure Realized $129,250
  6. 1793 Chain 1C AMERICA -- Light Surface Damage. MS60 Details ANACS Realized $126,500
  7. 1794 $1 - Repaired. XF40 Details NCS Realized $109,250
  8. 1870-CC $20 - Graffiti. AU Details, Net XF40 ANACS Realized $86,250
  9. 1794 $1 -- Damaged Rim. XF40 Details ANACS Realized $69,000
  10. 1794 $1 B-1, BB-1, R.4 -- Plugged, Improperly Cleaned. VF Details NGC Realized $54,050
Our thanks to D.N. of Hawaii for his excellent suggestion!

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

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Announcements
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:
  • Comics and Comic Art Cataloger - Dallas
  • Fine Jewelry Specialist - Chicago
  • Trust & Estates Specialists
  • Payroll & Benefits Specialist
  • Public Relations Director
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
  • Digital Photography Retoucher
  • Print Press Assistant
  • Shipping Associate
  • Wine Warehouse Assistant
If you are interested in applying for one of these Corporate positions, please apply here.

Interns here's your chance to work for the world's largest collectibles auctioneer. We are looking for individuals with a passion for collectibles, extensive knowledge in one of our venues, and a career interest in the auction business. Applicants must also be 18 years of age or older. Please email your resume to Intern@HA.com.

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Around Heritage Auctions
Son of Frankenstein, Dracula's Daughter, Classic Silents, Film Noir, and More in Heritage July auction

Son of Frankenstein
More than 1000 lots of rare and desirable posters are being offered in Heritage Auction's July 30-31, 2016 Movie Posters Signature Auction. Such scarce horror titles as Son of Frankenstein (1939) Style A one sheet, (est. $50,000) and Dracula's Daughter (1936) one sheet (est. $25,000) as well as Casablanca (1942, est. $30,000) insert and Morocco (1930, est. $15,000) one sheet Style B.

Other highlights in July's stellar selection include a wide-ranging selection of important posters from the early days of Hollywood's Silent Film era that have never come up for auction before.

"Rarely do we get a collection of such early and significant film posters in such quantity as this wonderful group of 100-year-old posters, many of which are unrestored and in an unused state," said Grey Smith, Director of Vintage Posters at Heritage Auctions. "It's not going too far to suggest that this well may be the best selection of these types of posters Heritage has ever offered."

The Silent Film collection features almost 100 titles dating from 1915 through 1920, including such superstars of the age as Mary Pickford, Douglas Fairbanks, Charlie Chaplin, Fatty Arbuckle, William S. Hart, Theda Bara, Lon Chaney and many more.

Titles include D.W. Griffith's Birth of a Nation (1915, est. $25,000), Chaplin in Triple Trouble (1918, est. $5,000) and Chase Me Charlie (1918, est. $5,000), Pickford in The Little American (1917, est. $5,000), Hart in Riddle Gawne (1916, $2,000) and Lon Chaney in The Penalty (1920, est. $10,000).

"We are so excited to get this great selection of one sheets, three sheets, six sheets and lobby cards from this early period in cinema history," said Smith. "Collectors of this kind of vintage paper are going to like what they see."

Other visually stunning posters include a one sheet for the 1935 classic The 39 Steps, which displays beautifully (est. $12,000); the original acrylic painting by famed poster artist Drew Struzan for the 1984 comedy Cannonball Run II (est. $4,000); and a sultry one sheet for 1947's Out of the Past, featuring Robert Mitchum and Jane Greer (est. $10,000).

A group of 25 animation posters range from the pre-war Terrytoons: 2,000 B.C. (1931, est. $1,000), beloved home front shorts such as Private Pluto (1943, est. $1,200) and Donald Duck in The Old Army Game (1943, $1,000) to modern classics including The Nightmare Before Christmas (1991, est. $1,000).

More information about Movie Posters auctions.

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Instant Quiz
Trivia

1. Why does the obverse of the Spanish Trail half dollar depict a steer's head?
      A) It was meant as a subtle comment about the number of commemorative coins issued in the mid-1930s
      B) The name of the explorer who travelled the trail, Cabeza de Vaca, translates as cow's head
      C) Sales of the coin was intended to benefit impoverished cattle ranchers in West Texas
      D) The wagons that travelled the trail were drawn by oxen
      E) A whim by the designer of the coin, L. W. Hoffecker


2. How many stars are on the obverse of the 1797 half dollar?
      A) None
      B) 13
      C) 14
      D) 15
      E) 16



Last week's question:

1. What was the date of the last silver German 5 Mark coin struck for circulation?
Correct Answer: E) 1974 (25% correct)

2. What was the date of the Lexington half dollar?
Correct Answer: B) 1925 (55% correct)


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Is It Time To Sell?
1794 1C Starred Reverse
1794 1C Starred Reverse
An exciting consignment opportunity presents itself, as Heritage proudly presents the upcoming September Long Beach Signature Auctions, with separate events covering US Coins, World & Ancient Coins, US Currency, and World Currency. Heritage's Long Beach auctions have been a fixture, in conjunction with the Long Beach coin shows, for literally, decades. These auctions have a long-established record of attracting eager bidders and producing strong results for consignors. And we expect this pattern to continue.

You can personally benefit from Heritage's connections to buyers from around the world and sell your material alongside the millions of dollars of rare, desirable and important offerings that have already been consigned.

The deadlines of July 19 (World Currency), and July 25 (US coins) will be here before you know it. To sell some or all of your material in these auctions, call our Consignment Hotline at 1-800-872-6467 x1000 today!

2016 September 7 - 12 Long Beach Expo US Coins Signature Auction
Consignment Deadline: July 25, 2016

2016 September 8 - 13 Long Beach Expo World Currency Signature Auction
Consignment Deadline: July 19, 2016

David Mayfield
Vice President, Numismatic Auctions
David@HA.com
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
August 11 ANA World Coins & Ancient Coins Signature Auction - Anaheim #3048
August 11 ANA World Coins & Ancient Coins Signature Auction - Anaheim #3048
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August 11 ANA Currency Signature Auction - Anaheim #3545
August 11 ANA Currency Signature Auction - Anaheim #3545
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Tuesday Internet Coin Auction
Tuesday Coins
July 19
Live session @ 7PM CT
Tuesday Internet Currency Auction
Tuesday Currency
July 19
Live session @ 7PM CT
Weekly World Coin Auction
Thursday World Coin
July 21
Live session @ 8PM CT
Sunday Internet Coin Auction
Sunday Coins
July 24
Live session @ 7PM CT
The FoxLair Collection of Mexican Coins, Part II
The FoxLair Collection of Mexican Coins, Part II
July 31
Live session @ 8PM CT
Signature Auctions
July 23 Vintage Guitars & Musical Instruments Signature Auction - Dallas #7153 July 23 Vintage Guitars & Musical Instruments Signature Auction - Dallas #7153
View Lots
July 28 The 1909-11 T206 White Border PSA Set Registry - The Madison Collection #7170 July 28 The 1909-11 T206 White Border PSA Set Registry - The Madison Collection #7170
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July 30 - 31 Vintage Movie Posters Signature Auction - Dallas #7128 July 30 - 31 Vintage Movie Posters Signature Auction - Dallas #7128
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August 4 - 6 Comics & Comic Art Signature Auction - Dallas #7139 August 4 - 6 Comics & Comic Art Signature Auction - Dallas #7139
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Other Internet Auctions
Tuesday Internet Watch & Jewelry Auction
Tuesday Jewelry
July 19
Live session @ 9PM CT
Thursday Internet Natural History Auction
Thursday Natural History
July 21
Live session @ 10PM CT
Sunday Movie Posters
Sunday Movie Posters
July 24
Live session @ 8PM CT
Sunday Internet Sports Auction
Sunday Sports
July 24
Extended bidding begins @ 10PM CT
Sunday Internet Comics Auction
Sunday Comics
July 24
Live session @ 6PM CT
Auction Schedule | Order a Catalog
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