Heritage Auctions
Coin News
In This Issue:
$15.6 million sales in world coins caps off near $67 million week
$2 Million "Holy Grail" Dime led Heritage Auctions' Numismatic Sales
Website Tips: Reserve status
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

January 17, 2017
Newsletter Archive
Last Issue
$15.6 million sales in world coins caps off near $67 million week
Meiji gold Proof 20 Yen Year 13 (1880) PR64 Cameo NGC
Meiji gold Proof 20 Yen Year 13 (1880) PR64 Cameo NGC
A stunningly rare Japanese Proof set, sold as individual pieces, took center stage as Heritage's January 8 - 9 World Coins Signature Auction was completed at the New York International Numismatic Convention (NYINC). Overall, this auction was a huge success, with sales exceeding $15.6 million. Other Heritage auctions taking place during the week of January 4-10 at the Florida United Numismatists convention in Fort Lauderdale included US coins at nearly $42.4 million, US currency at over $7.4 million, and world currency in excess of $1.3 million. Overall, the week saw numismatic material valued at close to $66.8 million change hands. All prices include a 17.5% Buyer's Premium.

The star of the NYINC show was the Meiji 13 (1880) proof set of Japanese coinage, from the Commander Collection. The Meiji 13 proof set is among the most significant numismatic items in the world, not only because of the incredible rarity of each of the set's components, but because of its presentation role, undeniably gifted to heads-of-state or high-ranking foreign liaisons during this infancy period of Japan's opening to the western world. From a numismatic and historical standpoint, this set can be considered as comparable to the American King of Siam set. In most cases, fewer than ten examples of the constituent coins are known.

This offering consisted of eleven individual lots of proof coins from the 1880 set, plus a lot consisting of a custom presentation case and three "replacement" coins. These twelve lots sold for a total of $1,310,947.50, with the gold 20 yen, at $305,500, and the gold 10 yen, at $270,250, providing the two highest results of the auction. Each of these coins was graded PR64 by NGC. Three other coins from this set – the gold 2 yen, the gold 5 yen, and the 10 sen – achieved figures in excess of $100,000.

The D. Moore Collection, split out into two specialized catalogs, achieved impressive results as it brought its consignor in excess of $4.2 million. 127 lots of Russian material, highlighted by an incredibly rare 1755 Gold Pattern 5 Roubles graded PR64 Cameo by NGC combined to sell for over $1.1 million. These coins were assembled over a period of 20+ years, with many acquired privately and thus fresh to the auction marketplace. While the greatest concentration from the D. Moore collection was Russian coins, the offerings from the rest of the world were every bit as impressive, with 392 coins combining to sell for close to $3.1 million. The individual highlight from among these coins was a British gold proof 1893 5 Pounds graded PR67 Ultra Cameo by NGC, which realized $152,750. Additionally, a classic Cuban six piece gold proof set dated 1915, pedigreed to the Eliasberg collection and graded PR64 to PR66 by NGC, sold intact to a lucky bidder for $199,750.

A few of the many other individual highlights of this auction included: Our World and Ancient Coins Signature Internet Auction continues through January 18. Bid on it now at www.HA.com/coins!

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$2 Million "Holy Grail" Dime led Heritage Auctions' Numismatic Sales
1894-S Barber dime
U.S. Coins was once again Heritage Auctions' highest-earning department in 2016. The $192 million in auction totals last year eclipsed all other numismatic auction houses combined. According to the Professional Numismatists Guild, Heritage held a strong 56 percent market share in U.S. Coins. 2016 saw significant activity in online auctions, with Heritage's Tuesday and Sunday Internet Auctions garnering $14.2 million.

The numismatic highlight of the year was undoubtedly the January sale of the fabled, famed and elusive 1894-S Barber Dime. Just 24 were struck, with fewer than 10 thought to survive to this day. It is a classic American rarity that has eluded collectors for generations. Graded PR66, it is the finest PCGS specimen recorded. Sixteen bidders vied for the coin before it hammered at $1,997,500 million – making it the highest price for any US Coin sold at auction in 2016.

Ten-cent pieces filled Heritage's top three spots for 2016 sales. A pair of early American Dismes follows the Barber Dime on the sales chart. The finest of three known Judd-9 1792 P10C Silver Dismes was offered for public sale for only the second time in two centuries. The coin was graded AU50 by PCGS and sold for $998,750. A 1792 Judd-10 Copper Disme, also the finest known of its type, gave collectors the opportunity to purchase two of the rarest American patterns in existence – in the same sale. Twelve bidders vied for the PCGS SP64 pattern before it sold for an auction record $705,000.

An 1849-C Open Wreath Dollar was the highest-selling gold issue in 2016. Just 125 are thought to have been struck at the Charlotte Mint, making it one of the rarest gold issues in the history of Unite States coinage. Graded MS62 by PCGS, it is the only uncirculated example graded. The coin sold for $528,750, an auction record for the type.

Two 1792 cents made national headlines in August at Heritage's ANA Signature Auction in Anaheim, California. A 1792 Silver Center Cent, believed to be the first coin produced inside the first U.S. Mint, was on offer for the first time in the United States. An even scarcer 1792 Birch Cent, the finer of two known pieces, was in high demand as well. The two coins sold for a combined $869,500, a staggering 43 million times their face value.

One of the most melted American gold issues brought over $500,000 in November. A 1920-S Saint-Gaudens Double Eagle, graded MS65 by PCGS with sharp details and deep luster, attracted offers from a baker's dozen bidders. It was unquestionably worth every penny of its $517,000 hammer price. Another scarce, high-grade gold issue passed the half-million-dollar mark in 2016: an 1804 Quarter Eagle 13 Stars Reverse AU55 PCGS was one of the highlights of January's FUN sale. The piece is the second-finest known and sold for $505,250.

Heritage sold more than 65 coins for over $100,000, 23 of which sold for $250,000 or more. With strong sales already recorded over the first few weeks of the year, 2017 is sure to be another market-leading year for Heritage.

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Website Tips: Reserve status
When you search for an item, you will probably see, either in the search results or on the lot page, a note about the item's reserve status. A reserve is an amount, submitted by the consignor of the item, below which the consignor will not accept bids. On search results pages, the reserve status shows below the current bid amount (list view only) on the right of the page. Similarly, on the item page, the reserve status will show on the left of the bid box, again below the current bid amount.





The possible reserve statuses are as follows:

  • No Reserve. This item does not have a reserve and will not receive a reserve.

  • Reserve (if any) Not Posted. Reserves for this auction have not posted. This item may receive a reserve.

  • Reserve Not Met. This item has a reserve and nobody has bid enough to meet it. The current bid and minimum bid will both be equal to the reserve in this case. In the search results, the current bid will show with an asterisk (*).

  • Reserve Met. This item has a reserve and at least one bidder has placed a bid equal to or greater than the reserve.

  • Consignor Has Not Yet Submitted a Reserve. Reserves have been implemented for this auction, but the consignor still has the right to place a reserve on this lot. In practice, not all items with this status will receive reserves.
It is not possible for a consignor to bid on his or her own lot through the website. Reserves must be placed directly with the consignor's Consignment Director.

A reserve is not the same thing as an opening bid. Opening bids work much the same way as reserves, but are based on a calculated percentage of the item's estimate. Items without estimates (including all comics and US Coins) and some items with very low estimates will not have opening bids. Opening bids show with two asterisks (**). It is possible for an item to have both an opening bid and a reserve; in this case, the current bid will be no less than the higher of the opening bid and the reserve.

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This Week's Top Ten
The ten most frequently used keywords in coin searches saved in MyWantlist:
  1. Gold
  2. 1921
  3. Modern silver dollar
  4. Commemorative silver dollar
  5. 1877
  6. 1916
  7. 1796
  8. Silver eagle
  9. 1893-S
  10. Silver
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 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:
  • Consignment Director of Fine Watches
  • Design Consignment Director
  • Director, Business Development
  • Linux Systems Administrator
  • Video Production Specialist
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:
  • Accounts Payable Specialist
  • Building/Maintenance Operations Assistant
  • Client Services Representative
  • Graphic Designer/ Art Director
  • Movie Poster Cataloger
  • Operations Assistant
  • Shipping Associate
  • Wine Data Clerk
Numismatist Wanted

Heritage Rare Coin Galleries, Dallas, Texas is seeking a talented general numismatist for our rare coin department in Dallas, TX. Duties include assisting dealers and collectors and auction consignors in person and by telephone, evaluating prospective purchases in the office and at shows and conventions. Salary commensurate with numismatic and sales skills. Previous coin shop experience a plus. E-mail resume and salary history to jobs@ha.com.

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.

U.S. Coin Researcher Wanted

Heritage Auctions is seeking a numismatist with broad expertise in U.S. coins to join our award-winning staff. If you have knowledge of both US coins and data we have an opening as a part-time researcher. You can work with the most successful team of numismatists in the world. This is a part-time position and duties can be performed remotely.

If you are interested, please contact GabbyO@HA.com.

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Around Heritage Auctions
Pristine, Rare Hermès Bags Highlight Heritage Auctions' Luxury Accessories Event Feb. 2

Hermes Himalayan handbag
The first luxury accessories auction of the season will capture the attention of any collector or lover of Hermès and high-end handbags with a unique offering during the Winter Luxury Accessories Auction Feb. 2-3 in New York City.

One handbag that is expected to receive much warranted attention will be the Hermès 30 cm Matte White Himalayan Nilo Crocodile Birkin bag (est. $60,000-80,000). The white Himalayans are the most prized coloration for Hermès bags and this item is in pristine condition. It includes Palladium hardware, a flap top with turnlock closure as well as two keys, lock and clochette.

"Hermès is the hands-down leader in the luxury accessories category for handbags. The exclusive nature of this product line, especially the Birkin and Kelly handbags, makes the Winter Luxury Accessories event a great opportunity for discerning buyers and collectors," said Diane D'Amato, Director of Luxury Accessories at Heritage.

A limited-edition Hermès Ghillies Birkin in pristine condition (est. $60,000-80,000), which is the first to be done entirely in crocodile making it an extremely rare piece also will be available. Beside a multitude of Hermès options, one of the rarest colorations of the Petit Malle bag by Louis Vuitton (est. $3,000-4,000), - reportedly one of only 13 produced will be available.

Other handbags that surely will draw much attention during the event include but are not limited to:

Hermès Special-Order Horseshoe 30 cm Blue Electric & Blue Atoll Epsom Leather Birkin Bag with Gold Hardware (est. $20,000-24,000), the Horseshoe-stamped bags are special orders which are only offered to the very top Hermès VIP clients.

Hermès Limited Edition 35 cm So Black Calf Box Leather Birkin Bag with PVD Hardware (est. $20,000-24,000), the So black bags have become the most desirable limited editions in Hermès' repertoire.

Hermès 45 cm Blue Nuit Togo Leather Shark Mou Bolide Bag with Palladium Hardware (est. $16,000-20,000), the Shark Bolide is a new style from Hermès' men's runway collection, only produced this season in extremely limited numbers.

Louis Vuitton Limited Edition Les Extraordinaires Collection Black Mink & Swarovski Crystal NN14 Feline PM Bag, 2/10 (est. $6,000-8,000), this bag is an extremely rare – one of only 10 ever made – Louis Vuitton bag from Marc Jacobs' final runway show at the house.

One of the most eye-catching bags in the offering will be the Hermès Customized 28 cm Black Calf Box Leather & Toile Retourne Kelly Bag with Gold Hardware (est. $6,000-8,000) which features custom hand-painted artwork on the front Toile panel depicting a Tiger, and the rear Toile panel featuring a hand-painted serpent. The bag is signed "MB 5" on the left gusset under the Sangle. Please note Hermès did not create this artwork and was not involved with the custom painted design on this lot.

More information about Luxury Accessories auctions.

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Instant Quiz
Trivia

1. Who is the designer of the Lincoln Memorial reverse of the cent?
      A) Laura Gardin Fraser
      B) Frank Gasparro
      C) Gilroy Roberts
      D) Felix Schlag
      E) John Sinnock


2. What was the first year that the Philippines under US Administration issued coins?
      A) 1875
      B) 1891
      C) 1898
      D) 1903
      E) 1937



If you are on Outlook 2007 or later take the quizzes online

Last week's question:

1. If a coin has a Pollock number, what is it?
Correct Answer: D) A pattern (64% correct)

2. Which US coin designer died of yellow fever shortly after completing his coin designs?
Correct Answer: E) Joseph Wright (19% correct)



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Is It Time To Sell?
An exciting consignment opportunity presents itself, as Heritage proudly presents the upcoming March 23-26, 2017 Dallas, TX US Coins Signature Auction. Heritage's Dallas auctions have a long established tradition and are eagerly anticipated by collectors and dealers from around the US and the world. These auctions have attracted eager bidders and produced 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 coins alongside the millions of dollars of rare, desirable and important offerings that have already been consigned.

The February 7 consignment deadline will be here before you know it. Call our Consignment Hotline at 1-800-872-6467 x1000 today!

March 23-26 Dallas, TX US Coins Signature Auction
Consignment Deadline: February 7, 2017

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
January 17 - 18 World Coins Signature Internet Auction - Dallas #3053
January 17 - 18 World Coins Signature Internet Auction - Dallas #3053
View Lots
 
Tuesday Internet Coin Auction
Tuesday Coins
January 17
Live session @ 7PM CT
Tuesday Internet Currency Auction
Tuesday Currency
January 17
Live session @ 7PM CT
Weekly World Coin Auction
Thursday World Coin
January 19
Live session @ 8PM CT
Sunday Internet Coin Auction
Sunday Coins
January 22
Live session @ 7PM CT
Signature Auctions
January 19 The Gentleman Collector Signature Auction #5293 January 19 The Gentleman Collector Signature Auction #5293
View Lots
February 2 - 3 Winter Luxury Accessories Signature Auction - #5303 February 2 - 3 Winter Luxury Accessories Signature Auction - #5303
View Lots
Other Internet Auctions
Tuesday Internet Watch & Jewelry Auction
Tuesday Jewelry
January 17
Live session @ 9PM CT
Thursday Internet Natural History Auction
Thursday Natural History
January 19
Live session @ 8PM CT
Sunday Movie Posters
Sunday Movie Posters
January 22
Live session @ 8PM CT
Sunday Internet Comics Auction
Sunday Comics
January 22
Live session @ 6PM CT
Sunday Internet Sports Auction
Sunday Sports
January 22
Extended bidding begins @ 10PM CT
Auction Schedule | Order a Catalog
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