Heritage Auctions
Coin News
In This Issue:
$6 Million Sells at Summer FUN — over 99% sold by value and by number of lots
A World of Money: A Fabulous "Fine Work" 5 Guineas
Website Tips: Phone Bidding
This Week's Top Ten
Around Heritage Auctions
Is It Time To Sell?
Employment Opportunities
Current Auctions

July 11, 2017
Newsletter Archive
Last Issue
$6 Million Sells at Summer FUN — over 99% sold by value and by number of lots
1876 20C MS67 PCGS. CAC
1876 20C MS67 PCGS. CAC
One of the finest known 1876 twenty cent pieces led the results as Heritage's July 6-9 auction in Orlando realized nearly $6 million. This auction was held in conjunction with the summer convention of Florida United Numismatists. All prices include a 17.5% Buyer's Premium.

Leading the way with a sale price of $88,125 was the aforementioned 1876 twenty cent piece, a stunning example graded MS67 by PCGS. This ill-fated twenty cent denomination lasted only four years, and only four circulation strike issues (1875, 1875-CC, 1875-S, and 1876) are generally considered collectible. This coin is exceeded in grade by a sole MS67+ example at the two major grading services.

A 1893-S dollar graded AU55 by PCGS brought a price of $38,796.15 when the final hammer fell. This date is the well-known key among the heavily collected circulation strike Morgan dollar series, and a high quality choice AU coin like this piece is not out of place in an otherwise Mint State set.

The high relief MCMVII (1907) double eagle is a tremendous example of the engraver's art, in high demand in any grade. These coins were an accurate representation of Augustus Saint-Gaudens' vision for American coinage, but only about twelve thousand were struck before the relief was drastically lowered. A Wire Rim example of the high relief double eagle, graded MS64 by PCGS, sold for $32,900 in the Orlando auction.

Additional highlights of this auction include but are not limited to the following:

1893-S $1 AU55 PCGS 1893-S $1 AU55 PCGS
1907 $20 High Relief, Wire Rim MS64 PCGS. CAC 1907 $20 High Relief, Wire Rim MS64 PCGS. CAC
Our next auction of US coins is scheduled to open very soon at HA.com/Coins.

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A World of Money: A Fabulous "Fine Work" 5 Guineas
Great Britain: William III gold 'Fine Work' 5 Guineas 1701 MS64 NGC, Royal mint, KM508, S-3456, Schneider-480
Great Britain: William III gold 'Fine Work' 5 Guineas 1701 MS64 NGC, Royal mint, KM508, S-3456, Schneider-480
Our ANA auction of world and ancient coins features a fabulous 1701 "Fine Work" five guinea coin awarded the MS64 grade by NGC, reflecting a state of preservation that will excite even the most discerning collector. The obvious focal point — the superbly engraved portrait of the King — is nothing less than exquisite in its soaring, high-relief execution. From there, the blooming fields are set aglow in original luster that carries the eye to the outer register, where the deeply defined legends and beaded rims provide the perfect frame for this specimen. The presence of pinscratches that reside near the legend and extend from the King's name to above his head are likely all that prevent the Gem designation, and two of the beads below the King's long locks are flawed, which will serve as a future identifier. Despite the near-flawless obverse, the reverse may actually be the star of this piece. Cartwheeling luster immediately introduces a level of sophistication, sweeping the surfaces in a golden glow, and purposefully highlighting the impressed images and fresh expanses, all the while proving that this coin has managed to escape any real instances of handling. The whole of this specimen is sheathed in the most glorious, golden hue, and along with its impeccable technical quality and stunning metal texture, has been awarded with the title of the finest-certified example of the type, making it a clear candidate for center-placement in its next cabinet.

William, Prince of Orange, touched English soil on November 5, 1689, as the Catholic king James II (a convert from Protestantism) fled to France. James' new religious alliance with the church at Rome was cause for national unrest, and potential civil war. Instead, what occurred was the Glorious Revolution, a bloodless affair. On January 28, 1690, Parliament declared to all that the throne had been vacated. What followed was a formal Declaration of Rights giving legal supremacy to Parliament, and acceptance of the terms of accession by the prince.

On the death of Queen Mary at the very end of December 1694, William ruled alone for the first time. His silver coinage and small gold commenced in 1695, but the first large gold pieces were minted in 1699. The first 5 Guineas varied greatly on the reverse from the coins issued by him with Mary, essentially reverting to the cruciform style seen on the gold of Charles II. The king's portrait was shallowly engraved.

And then Isaac Newton came to the mint in 1696. His scientific mind brought discipline to the bookkeeping and he attended to the coinage designs as few had before him. At the end of December 1699, Newton succeeded to the post of "master worker" or coining chief at the Royal Mint. Newton had no use for the aging mint engravers, the Roettiers. He favored a young assistant named James Bull, and then the German engraver of great talent, John Croker. At first, he set to simply re-engraving dies made by Roettiers, producing the famous "Flaming Hair" shillings in 1698-99. The King's portrait seen on those shillings bears an uncanny resemblance to the so-called "Fine Work" busts used on the 5 Guineas and 2 Guineas of 1701. The mint's own records are vague. James Bull may have contributed some effort to the creation of this portrait but the master engraver seems to have been Croker. Similar flourishes of engraving ingenuity are to be found on any number of medals of the period known to have been made by Croker, most of them signed by him.

Newton's first indenture, or commission to produce coin, occurred on December 23, 1700. He had taken a particular interest in the fineness of English gold as compared to the French and Spanish gold commonly seen in commerce in England. No record exists specifying that Newton directed Croker to produce the dies used to mint this 5-Guinea coin, of superlative design and gold quality, but the dates of involvement at the mint by both men strongly suggest how this fabulous coin came to be.

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Website Tips: Phone Bidding
If you've ever been to a Heritage Signature auction, you've probably noticed people near the front of the room, hard at work during the floor session taking bids over the phone from people all around the country and sometimes around the world. Now, there is a way to sign up for this service without leaving your computer.



On the individual item page for each lot where phone bidding is available, you will see a button immediately below the bid box with a link that says "Request to Phone Bid". To sign up, simply click on the link.



This will bring up a new page, where you will enter the phone number where you can be reached the day of the auction. This will allow us to contact you before the auction to best help you bid on — or even pass on — the lot you want.

We recommend that phone bidding be used in conjunction with a proxy bid from the Heritage website. We will have the amount of any proxy bids you might have placed from the Heritage website available, in order to ensure that you cannot bid against yourself. Indeed, it is common for people who have signed up for phone bidding to be on the phone with a Heritage representative when their Internet proxy bid wins the lot!

Please note also that phone bidding is not necessarily available for all lots. The auction must include a floor session, of course, but there is often a minimum dollar amount for the item. For coins, phone bidding is limited to lots valued in excess of $4000, as determined by the current bid. Other Heritage venues will vary; please check the lot you are interested in to find out more.

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This Week's Top Ten
The ten highest valued W-mint US coins to sell in Heritage auctions, one per issue:
1995-W $1 Silver Eagle PR70 Deep Cameo PCGS
1995-W $1 Silver Eagle PR70 Deep Cameo PCGS
  1. 1995-W $1 Silver Eagle PR70 Deep Cameo PCGS. Realized $41,125.
  2. 2006-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGS. Realized $14,100.
  3. 1999-W $10 Quarter-Ounce Gold Eagle, Unfinished Proof Dies, FS-401, MS70 PCGS. Realized $11,750.
  4. 2015-W $100 High Relief One-Ounce Gold, .9999 Fine, First Strike, Moy Signature, MS70 Prooflike PCGS. Realized $11,162.
  5. 1990-W G$50 One-Ounce Gold Eagle PR70 Deep Cameo PCGS. Realized $10,925.
  6. 2008-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGS. Realized $9,987.
  7. 2007-W $100 One-Ounce Platinum Eagle, First Strike PR70 Deep Cameo PCGS. Realized $9,987.
  8. 1995-W G$50 One-Ounce Gold Eagle PR70 Deep Cameo PCGS. Realized $9,775.
  9. 2006-W $50 One-Ounce Gold Eagle, First Strike PR70 Deep Cameo PCGS. Realized $9,400.
  10. 2008-W $50 One-Ounce Gold Buffalo, First Strike PR70 Deep Cameo PCGS. Realized $7,475.
Do you have a suggestion for a future top ten list? Send it to us!

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Around Heritage Auctions
The KoKo Collection: An Astounding Assortment of Mystery & Detective Literature

Red Harvest Dashiell Hammett
Dashiell Hammett's Red Harvest (est. $30,000) is expected to be the leading feature in The KoKo Collection, part of the September 14 Rare Books Auction at Heritage Auctions. Drawing on his experience as a Pinkerton operative, Hammett's momentous debut novel, published in 1929, defined the archetype for the literary private investigator. Also offered is Hammett's 1930 follow-up, The Maltese Falcon (est. $20,000), his most popular work and among the most beloved of the genre, thanks in no small part to Humphrey Bogart's brilliant turn as Sam Spade in John Huston's 1941 cinematic adaptation.

"The KoKo Collection will mark the auction debut of several historically important novels," said James Gannon, Director of Rare Books. "A collection like this only comes along once in a lifetime and indeed required a lifetime to assemble."

The collection features several books by authors who, like Hammett, wrote for the hard-boiled pulp magazine Black Mask. Perhaps the most famous of these authors, Raymond Chandler, has several works featured in the sale, including a presentation copy of his last masterpiece, The Long Good-Bye (1954) (est. $4,000). More Black Mask contributors crossing the auction block will be Paul Cain with his tough-as-nails Fast One from 1934 (est. $4,000) and Raoul Whitfield with his 1930 uncommon debut Green Ice (est. $2,000).

W.R. Burnett: Little Caesar
The enduring popularity of crime literature owes no small debt to the frequency of successful film adaptions made during the Classical Hollywood era, and The KoKo Collection includes several of these landmark books into film. Little Caesar by W.R. Burnett (est. $3,000), published in 1929 and adapted two years later, provided the standard by which all gangster portrayals are judged with Edgar G. Robinson's Rico. The nearly impossible to find If I Die Before I Wake (1938) by Sherwood King (est. $2,500), served as the source for Orson Welles's The Lady from Shanghai (1947).

Few writers' bodies of work provided as many beloved films as Cornell Woolrich's. His cycle of "Black" novels were adapted by the likes of Jacques Tourneur and François Truffaut; among the available Woolrich titles is a copy of The Black Curtain (1941, adapted as Street of Chance the next year), inscribed by the notorious recluse (est. $3,000).

More information about Rare Book auctions

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Is It Time To Sell?
An exciting consignment opportunity presents itself, as Heritage proudly presents four auctions on September 6-12 in conjunction with the Long Beach Coin & Collectibles Expo. Heritage's Long Beach auctions have been fixtures, in conjunction with Long Beach coin shows, for literally decades. These auctions have a long-established record of attracting eager bidders and producing strong sale 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 consignment deadlines – July 10 for World and Ancient coins, July 17 for Currency, and July 24 for US coins – will be here before you know it. Call our Consignment Hotline at 1-800-872-6467 x1000 today!

September 6-11 Long Beach Expo US Coins Signature Auction
Consignment Deadline: July 24, 2017

September 6-12 Long Beach Expo Currency Signature Auction
Consignment Deadline: July 17, 2017

September 6-12 Long Beach Expo World Currency Signature Auction
Consignment Deadline: July 17, 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
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July 30 Selections of Mexican Silver from the Law Collection Monthly World Coin Auction
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Tuesday Internet Coin Auction
Tuesday Coins
July 11
Live session @ 7PM CT
Tuesday Internet Currency Auction
Tuesday Currency
July 11
Live session @ 7PM CT
Weekly World Coin Auction
Thursday World Coin
July 13
Live session @ 8PM CT
Sunday Internet Coin Auction
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July 16
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OTHER SIGNATURE
AUCTIONS
Prints & Multiples - July 18
Luxury Real Estate - July 18
Photographs - July 19
Movie Posters - July 29-30
OTHER INTERNET
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Tues. Jewelry - July 11
Thurs. Natural History - July 13
Monthly Wine - July 13
Sun. Sports - July 16
Sun. Movie Posters - July 16
Sun. Comics - July 16
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