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David Hall Previews the September 2017 Long Beach Expo

August 31, 2017 in Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Entertainment, Events, Investing, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), USA Coins, World Coins

 

By: Long Beach Expo

Originally published on August 22nd, 2017

The September 2017 Long Beach Expo will feature two great collections on display, along with Meet the Expert sessions and giveaways for both coins and sports. David Hall previews this and other attractions.

Get free passes using promo code David at https://www.longbeachexpo.com

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U.S. Mint Anchors Last Long Beach Expo of the Year

August 10, 2017 in Auctions, Clubs and Associations, Coin Grading, Coin Shows, Coins, Collecting, Collector Sets, Conventions, Education, Entertainment, Events, Fun, Gold, Gold Coins, Grading, History, Investing, Numismatic Societies and Clubs, Numismatica, Numismatics, Offers, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, US Mint, USA Coins, World Coins, Young Collectors

For immediate release
August 9, 2017

News media contact
Steve Sloan, (949) 567-1223

U.S. Mint Anchors Last Long Beach Expo of the Year

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

(Long Beach, California) – It’s time for the last Long Beach Coin, Currency, Stamp and Sports Collectible Expo (www.LongBeachExpo.com) of the year, and as usual, the show is filled with fun for everyone. The three-day event will feature coin giveaways, the latest offerings and unveiling of a new 5 ounce silver coin from the United States Mint, and the display of two award-winning world coin sets.

Held September 7-9, 2017, the Long Beach Expo showcases collectibles from over 500 dealers, featuring everything from coins to cards.

“We’re thrilled to close out our Expo year with offerings from the U.S. Mint, which will be displaying and selling beautiful commemoratives, proof sets and more, including their brand-new 5 ounce coin, the Ellis Island 2017 5 Ounce Silver Coin, and the display of beautiful world coin sets brought to you by the PCGS Set Registry is sure to attract crowds. As always, we will host our coin giveaway, where a lucky attendee is chosen each day to win a gold coin, and PCGS will be offering on-site grading and exclusive show offers,” said Long Beach Expo President Cassi East.

Any attendee can enter to win a gold coin simply by registering online. Winners will be announced each day of the show at 1 p.m.

The official auctioneer of the Long Beach Expo, Heritage Auctions, will host four Signature Auctions, featuring U.S. Coins, World Coins, U.S. Currency and World Currency, from Wednesday, September 6 through Saturday, September 9.  Attendees are encouraged to visit the Heritage Lot Viewing room (104-A), located upstairs in the lobby area, to see the actual coin and currency items that will be in the auctions.

The Mint returns to the Long Beach Expo (booth #1535) after showcasing their groundbreaking American Liberty 225th Anniversary gold coin earlier this year, and they will be displaying the 225th Anniversary Four-Medal set, featuring four medals from four different mints with four different finishes. The medal set has reverse proof, proof, an enhanced uncirculated and uncirculated medal. The Mint is also launching their latest coin, the Ellis Island 2017 5 Ounce Silver Coin, which is available for purchase starting September 7, the first day of the show. Visitors can purchase or simply view the Mint’s latest offerings.

Also on the coin side, PCGS (www.PCGS.com) will be in attendance (booth #807) and offering on-site grading, as well as accepting submissions of all service levels.  Additionally, the brand-new coin price magazine, Rare Coin Market Report, will be distributed free of charge by PCGS at booth #1.

The bi-monthly magazine features up-to-date coin price info on PCGS-graded coins and fun, educational articles written by numismatic experts, like PCGS CoinFacts President Ron Guth.

“The Long Beach Expo presents a great opportunity to research a coin in the RCMR, visit booths like the U.S. Mint, purchase a coin and then return to the PCGS booth for grading. You can literally experience, all in one venue, the pivotal steps of coin collecting,” said PCGS President Don Willis.

McVey Collection: Two award winning world coin sets will be on display at booth #1535

McVey Collection: Two award winning world coin sets will be on display at booth #1535

Two beautiful world coin sets will be on display at the Set Registry booth (#1148): the McVey Canadian dollar date set and the McVey Mexico Silver Peso date set.

The 28-coin McVey Canadian dollar date set, circulation strikes, spans from 1935 to 1967 and features the portraits of three British monarchs: George V, George VI and Elizabeth II.  While, the award-winning McVey Mexico Silver Peso set features 41 silver pesos with two reverse designs.

“We always love to showcase world coins when the opportunity arises. Both of these sets are quite the spectacle, and we encourage show attendees to visit our booth and see these sets in person,” said PCGS Set Registry Director BJ Searls.

PCGS Co-Founder David Hall will be conducting “Meet the Expert” sessions, which is an opportunity for the public to bring their coins to the show and have them examined by a numismatist with decades of experience. Sessions take place from 1 p.m. to 2 p.m. on Thursday, September 7, and Friday, September 8, and from 12 p.m. to 1 p.m. on Saturday, September 9.

A staple of the Long Beach Expo returns with the Kids Treasure Hunt. Children visiting the Expo can earn free coins by participating in the fun, which will take place on Saturday, September 9, from 11 a.m. to 2 p.m.

Kids can also participate in numismatic youth activities at booth #861, including America The Beautiful Quarter Trivia and a memory game involving world currency. Children have the opportunity to win quarters and currency during the fun.

The Long Beach Coin, Currency, Stamp and Sports Collectible Expo takes place Thursday, September 7, through Saturday, September 9. Show hours are 10 a.m. to 7 p.m. from Thursday to Friday, and 10 a.m. to 5 p.m. on Saturday. The Long Beach Expo will take place at the Long Beach Convention Center, located at 100 South Pine Ave, Long Beach, CA.

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance online.

Discounted tickets are available at  www.LongBeachExpo.com. Simply select ‘Get Passes,’ and enter the promo code: EXPOPR.

        For additional information, including the schedule of events and a list of attending dealers, visit online at www.LongBeachExpo.com, call the Long Beach Expo at 888-743-9316 or email at LBExpo@collectors.com.

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Pawn Stars’ Rick Harrison Helps “Shave Miles” Event Raise $10,000 For ANA and Sick Children

August 4, 2017 in ANA (American Numismatic Association), Charity, Clubs and Associations, Coin Shows, Collecting, Conventions, Donations, Entertainment, Events, Fun, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases

News Media Contact:

Donn Pearlman, 702-868-5777

Pawn Stars’ Rick Harrison Helps “Shave Miles” Event Raise $10,000 For ANA and Sick Children

History’s Pawn Stars celebrity Rick Harrison makes the first pass of the electric cutter as NGC Vice President Miles Standish gets his head shaved at the World’s Fair of Money in Denver, Colorado, August 3, 2017, to raise money for the Austin-based Standish Foundation for Child & Family Centered Healthcare and the American Numismatic Association. Photo credit: Donn Pearlman.

History’s Pawn Stars celebrity Rick Harrison makes the first pass of the electric cutter as NGC Vice President Miles Standish gets his head shaved at the World’s Fair of Money in Denver, Colorado, August 3, 2017, to raise money for the Austin-based Standish Foundation for Child & Family Centered Healthcare and the American Numismatic Association.
Photo credit: Donn Pearlman.

Accompanied by Denver Broncos cheerleaders Krista (left) and Brielle (right) the now-hairless Miles Standish holds a t-shirt proclaiming: BALD GUYS Never have a bad hair day. Photo credit: Donn Pearlman

Accompanied by Denver Broncos cheerleaders Krista (left) and Brielle (right) the now-hairless Miles Standish holds a t-shirt proclaiming: BALD GUYS Never have a bad hair day.
Photo credit: Donn Pearlman

Professional stylist "Dava" skillfully removed Heritage Auctions Co-Chairman Jim Halperin's hair at the 2017 Denver World's Fair of Money to help raise $10,000 for the ANA and the Standish Foundation for Child & Family Centered Healthcare. Photo credit: Donn Pearlman​

Professional stylist “Dava” skillfully removed Heritage Auctions Co-Chairman Jim Halperin’s hair at the 2017 Denver World’s Fair of Money to help raise $10,000 for the ANA and the Standish Foundation for Child & Family Centered Healthcare.
Photo credit: Donn Pearlman​

(Denver, Colorado) August 3, 2017 – With the help of nationally known television celebrity Rick Harrison and two Denver Broncos cheerleaders, prominent numismatists Michael “Miles” Standish, Jim Halperin and Orlando Rodrigo Lorenzana Williams got their heads shaved at the American Numismatic Association 2017 World’s Fair of Money® in Denver to raise money for two nonprofit organizations. The event on August 3 generated $10,000 in donations that will be evenly divided between the American Numismatic Association (www.money.org) and the Standish Foundation for Child & Family Centered Healthcare (www.sf4c.org).

Immediately after his head was shaved, Standish held up a t-shirt printed with the words: “BALD GUYS Never have a bad hair day.”

Standish is an award-winning numismatic author and Senior Grader and Vice-President of Numismatic Guaranty Corporation. Halperin is Co-Chairman of Heritage Auctions and also an author of numismatic books and futurist novels. Williams is Director of Sales at Coin Invest Trust in Liechtenstein.

Harrison, of the popular History’s Pawn Stars television program and the Las Vegas Gold & Silver Pawn Shop (www.gspawn.com), made the first pass of the electric cutter on Standish’s head and was among those who presented a donation check.  

Additional cutting was performed on Standish by coin hobby personalities including Lee Minshull, ANA President Jeff Garrett and former ANA President Ken Bressett.  

Broncos cheerleaders Brielle and Krista led cheers, signed autographs and posed for photos during the “Shave Miles” event.

A silent auction of a half dozen plaster sculptures by John Mercanti, who served as the 12th Chief Engraver of the United States Mint, also helped raise funds for the Standish Foundation and the ANA.

Miles’ wife, Andrea Mangione Standish, a certified child life specialist, launched the Austin, Texas-based foundation in 2010.  The foundation assists healthcare providers around the world to provide the tools and training they need to minimize healthcare-related pain and suffering in children.

“The mission of the foundation is to have happy, healthy, resilient kids who haven’t been traumatized by healthcare experiences.  This event was to help children get better care and to help an important hobby organization dear to me and to so many others, the American Numismatic Association,” he explained.

The 25,000-member American Numismatic Association, based in Colorado Springs, Colorado, is dedicated to educating and encouraging people to study and collect coins and related items.  The ANA serves the academic community, collectors, and the general public.

A native of Michigan, Standish began collecting in 1973 at the age of nine.  In 2011, he was honored with the “Director’s Coin for Excellence” by then-Director of the United States Mint Edmund Moy.

He is co-author with former Chief Engraving of the United States Mint, John Mercanti, of the 2012 reference book, “American Silver Eagles: A Guide to the U.S. Bullion Coin Program.”  Standish’s 2014 book, “Morgan Dollar: America’s Love Affair with a Legendary Coin,” received the 2015 Numismatic Literary Guild award for Best Specialized Book.  

Information about the Standish Foundation for Child & Family Centered Healthcare is at www.sf4c.org and information about the American Numismatic Association is at www.money.org.

 

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Watch Pawn Stars’ Rick Harrison in Denver shave Miles Standish’s head to help sick children

August 3, 2017 in ANA (American Numismatic Association), Books, Charity, Coins, Collecting, Conventions, Education, Entertainment, Events, Fun, News, Numismatica, Numismatics, Press Releases

By: Press Release News.CoinUpdate.com (Coin Update News)

Rick Harrison, of History’s popular Pawn Stars television program and the famous Las Vegas Gold & Silver Pawn Shop, will make the first pass of the electric cutter on the head of NGC vice president Michael “Miles” Standish, who is deliberately going bald to raise money for two nonprofit organizations. Heritage Auctions co-chairman Jim Halperin and CIT Mint executive Orlando Williams also will have their heads shaved to raise money. Members of the Denver Broncos cheerleaders squad will attend as special guests to lead cheers and sign autographs for visitors at the event on Thursday afternoon, August 3, 2017.

Proceeds from… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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FUN Heritage Auction Preview

December 31, 2016 in Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Entertainment, Events, Fun, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, Seminars, USA Coins, World Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

Traditionally, the FUN show held in Florida during the first few weeks of the new year is the location of the year’s first major auctions, and 2017 is no different. In conjunction with the show, Heritage Auctions will offer several thousand lots of U.S. and world coins and currency in both floor and online auction sessions. While there are too many highlights to cover all of them in a single article, we’ll still attempt to showcase some of the rarest and most exciting offerings that will come to the auction block in Fort Lauderdale, where the show is held this Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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“Trump Effect” Lifts 2016 U.S. Rare Coin Market, Reports Professional Numismatists Guild

December 27, 2016 in Clubs and Associations, Coins, Collecting, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 27, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
(702) 868-5777 Donn.Pearlman@gmail.com

“Trump Effect” Lifts 2016 U.S. Rare Coin
Market, Reports Professional Numismatists Guild

(Temecula, California) – The optimism that disposable income may increase with the election of Donald Trump lifted the United States rare coin market in the last two months of 2016, according to the Professional Numismatists Guild (www.PNGdealers.org). The PNG, a non-profit organization composed of many of the country’s top rare coin and paper money experts, conducts an annual compilation of results of major auctions of U.S. rare coins.

“After several years of higher prices and the spectacular sales of several legendary coin collections, the U.S. rare coin market softened in 2016. But after the November elections, there was a notable increase in demand for high-quality rare coins, including those priced at $100,000 or more,” said PNG President Dana Samuelson.

The aggregate prices realized for U.S. coins sold at major public auctions in 2016 totaled $341,815,542. The totals were $439 million in 2015; $536 million in 2014; and $393 million in 2013. One firm, Heritage Auctions, accounted for $192 million of the 2016 total. All totals include the buyer’s premium to reflect the actual, full prices paid by winning bidders.

“In our annual survey of major numismatic auction firms, the consensus estimate is that the overall U.S. rare coin market for auctions and direct sales in 2016 was about $4 billion, not including bullion coins, such as gold, silver or platinum American Eagles, and not including sales by the United States Mint,” explained Samuelson.

“Over the decades the U.S. rare coin market moves in cycles, and the long-term trend is up. We believe 2017 will be an opportunity for astute collectors to be buying,” said Robert Brueggeman, PNG Executive Director.

There were four coins that sold for $1 million or more at auction in 2016 compared to a record-setting 17 during 2015. A fifth coin crossed the million dollar mark in a private sale in late 2016, and although the purchase price was not disclosed, it was reported the coin is insured for $8 million for a planned public display in early 2017.

The four million-dollar coins sold at public auction in 2016 are:
1894 San Francisco silver dime, graded PCGS Proof 66, $1,997,500, sold by Heritage Auctions.
1879 Quintuple Stella (pattern $20 denomination gold coin), PCGS Proof 64 Deep Cameo, $1,888,000, sold by Legend Rare Coin Auctions.
1833 Caped Head Left, Large Date Half Eagle ($5 denomination gold coin), PCGS Proof 67, $1,351,250, sold by Stack’s Bowers Galleries.
1795 Draped Bust silver dollar, PCGS Specimen 66, $1,057,500, sold by Stack’s Bowers Galleries.
The auction firms that responded to the PNG survey are: Bonham’s; Ira & Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; David Lawrence Rare Coins; Legend Rare Coin Auctions; Scotsman Coin & Jewelry; and Stack’s Bowers Galleries.

The Professional Numismatists Guild was founded in 1955. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the PNG and a complete list of member-dealers, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Preview: Heritage Signature Auction of U.S. Coinage, Oct. 31-Nov. 2, New York

October 29, 2016 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Events, Gold, Gold Coins, History, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, Silver, Silver Coins, USA Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

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From October 31 through November 2, Heritage Auctions will hold a Signature Auction of U.S. coinage at the Waldorf Astoria in New York City. In this preview article we’ll take a look at some of the highlights of the sale. All lots discussed in this article, as well as all lots from the entire auction, can be viewed on the Heritage website.

For our first lot we go back to the earliest days of the U.S. Mint in Philadelphia. Lot 5111 is an Uncirculated example of one of just two denominations struck at that facility in 1793… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Professor’s 1979 Chemistry Nobel Prize Gold Medal Offered By Heritage Auctions

October 6, 2016 in Collecting, Events, Exunumia, Gold, History, Investing, Medals, News, Numismatica, Numismatics, Offers, Precious Metals, Press Releases, Science

For immediate release
October 6, 2016

News media contact:
Eric Bradley (214) 409-1871  ericb@ha.com

Professor’s 1979 Chemistry Nobel Prize

Gold Medal Offered By Heritage Auctions

Nobel Prize medal presented to chemist Georg Wittig for 1954 discovery of “The Wittig Reaction” is accompanied in October 19, 2016 auction by four other prestigious medals awarded to the noted German researcher and educator.

Prof. Georg Wittig's 1979 Nobel Prize gold medal for chemistry

Prof. Georg Wittig’s 1979 Nobel Prize gold medal for chemistry

(Dallas, Texas) – The historic 1979 Nobel Prize gold medal for chemistry awarded to Professor Georg Wittig (1897 – 1987) of Germany will be offered by Heritage Auctions (www.HA.com) on October 19, 2016 as part of Heritage’s two-day Historical Manuscripts Grand Format Auction.  Four other gold medals awarded over the years to Prof. Wittig are also being offered together with the large, 22 carat Nobel Prize medal.

“Dr. Georg Wittig was a distinguished researcher, author and educator who received the 1972 Nobel Prize for Chemistry for his 1954 discovery of what is now known as The Wittig Reaction, a process of regulating the regrouping of atoms in a molecule,” said Cristiano Bierrenbach, Heritage’s Executive Vice President of International Numismatics.  

“Professor Wittig’s work along with Nobel Prize co-recipient Herbert C. Brown made it possible to mass produce hundreds of important drugs, such as the arthritis medicine hydrocortisone, as well as mass produce industrial chemicals that would otherwise be prohibitively expensive,” Bierrenbach explained.

The Nobel Prize medal, designed by Swedish artist Erik Lindberg, measures 6.5 centimeters in diameter (approximately 2.5 inches) and weighs 204.0 grams (approximately 7.2 ounces).  Struck in 22 carat gold, it features female allegories of Science and Nature, with Wittig’s name and the year of the award engraved beneath. The front side features the likeness of Alfred Nobel with the dates of his birth, 1833, and death, 1896, in Roman numerals.

The medal is housed in the original presentation case received by Prof. Wittig in  1972.

The four other medals received by Prof. Wittig and accompanying the Nobel Prize medal in the auction are:

  • The Paul Karrer Award 22 carat, 97.7 grams, two inches in diameter gold medal presented in 1973 by Universitat Zurich.
  • The 14 carat, 123 grams, 2.25 inches gold medal Otto Hahn Prize for Chemistry and Physics awarded in 1967, and is considered the highest German award for outstanding scientific achievements.
  • The Roger Adams Medal given by the American Chemical Society in 1973. It is cast in 10 carat gold, weighs 258.9 grams, and is three inches in diameter.
  • The Adolf Von Baeyer medal awarded in 1953 to Prof. Wittig.  It is gold-plated, weighs 83.3 grams and is two inches in diameter.
Prof. Georg Wittig's 1979 Nobel Prize gold medal for chemistry

Prof. Georg Wittig’s 1979 Nobel Prize gold medal for chemistry

Full descriptions of all the medals are available online at: https://historical.ha.com/itm/miscellaneous/georg-wittig-nobel-prize-medal-in-chemistry-received-in-1979-together-with-four-additional-medals/p/6165-67001.s?ic5=CatalogHome-FeaturedItems-071515.

“Most of Dr. Wittig’s scientific work, including that which won him the Nobel Prize, was conducted during his years at the University of Tübingen. He was known as a meticulous teacher who set very high standards for his students, and he established a productive research group of young, promising scientists,” said Bierrenbach.

Prof. Wittig died on August 26, 1987, just a few weeks after his 90th birthday.

For additional information about the medal or other items offered in this auction, contact Heritage Auctions at (877) 437-4824 or visit online at www.HA.com.

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Review: 2016 Long Beach Heritage Auctions World Currency Sale

September 14, 2016 in Auctions, Bank Notes, Collecting, Currency, Events, News, Numismatica, Numismatics

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

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It is almost a tradition now for Heritage Auctions to have a world currency auction in conjunction with the September show in Long Beach, California. This year, there were a total of 1,890 lots offered for sale, including a floor auction held on September 8 and an on-line only session ending on September 12. The notes offered range in origin from Afghanistan to Zimbabwe, and many present and former countries in between. In this review, we will take a look at some of the highlights in the sale; all of the lots offered in this auction can be viewed… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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ANA World’s Fair of Money Preview, Part II: Heritage Auctions World & Ancient Coins Sale

July 30, 2016 in ANA (American Numismatic Association), Ancient Coins, Auctions, Clubs and Associations, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Conventions, Education, Entertainment, Events, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, USA Coins, World Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

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The World’s Fair of Money, organized by the American Numismatic Association, will be held this year in Anaheim, California, from August 9 to August 13. The week-long event-filled convention will be accompanied by various auctions offering thousands of US and world coins and currency. In this second of three previews we will take a look at the World & Ancient Coins sales held by Heritage Auctions. These auctions are divided into multiple sessions, and include sales dedicated to various high-end collections, including the Cape Coral collection of Multiple Talers, the Redwood Collection of Swiss Coins, and Part III of… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Newly Discovered, Unique Dual-Plugged 1795 Silver Dollar To Be Offered by Heritage Auctions

July 18, 2016 in ANA (American Numismatic Association), Antique Coins, Auctions, Coins, Coins for sale, Collecting, Collector Sets, Dollar Coins, Education, History, News, NGC (Numismatic Guaranty Corporation ), Numismatica, Numismatics, Press Releases, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
July 18, 2016

News media contact:
Eric Bradley, Heritage Auctions Public Relations Associate
214-409-1871; Ericb@ha.com

Newly Discovered, Unique Dual-Plugged 1795
Silver Dollar To Be Offered by Heritage Auctions

Authenticated by NGC, this discovery coin will be featured in the Heritage Platinum Night Auction at the ANA Anaheim World’s Fair of Money, August 10, 2016

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016. Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016.
Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016. Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016.
Photo credit: Heritage Auctions www.HA.com

A first-of-its-kind, recently discovered 1795 U.S. Flowing Hair silver dollar (http://coins.ha.com/itm/early-dollars/silver-and-related-dollars/1795-1-flowing-hair-three-leaves-two-mint-silver-plugs-b-5-bb-27-r1-au53-ngc/p/1238-101028.s?ic4=ListView-ShortDescription-071515) with two separate “plugs” has been authenticated by Numismatic Guaranty Corporation (www.NGCcoin.com) and will be a featured highlight of the Heritage Auctions (www.HA.com) Platinum Night auction at the American Numismatic Association 2016 Anaheim World’s Fair of Money, August 10.

“Many 1795 silver dollars, along with a single 1794 dollar and a small number of 1795 half dollars, show evidence of a Mint-inserted plug, apparently to achieve a correct weight for the planchet prior to striking.  Today, for the first time, we have a 1795 Flowing Hair dollar that has two Mint-inserted silver plugs, one at the center of the obverse and the other at the lower reverse,” said Mark Borckardt, Heritage Senior Cataloger.

“Each of the two plugs has a diameter of about 4 millimeters.  The obverse plug is located on Liberty’s neck, tangent to the jaw line which appears through the plug.  The reverse plug is located between the ribbon ends,” he explained.

The coin has been certified and graded NGC AU53 and is designated as 1795 dollar Flowing Hair, Three Leaves variety B-5, BB-27, R-1.

“Most numismatic researchers today agree that silver plugs were added to adjust the weight of the planchets.  While we don’t know the exact process used at the Philadelphia Mint in 1795, we assume an underweight planchet was pierced and a silver pin fastened to the planchet by means of smooth ‘dies’ in a screw press.  Apparently, the first plug on this coin was not enough to bring up the weight to the standard level of 26.96 grams, so a second plug was inserted,” said Borckardt.

The weight of the dual-plugged coin is 26.98 grams.

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse. Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse.
Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse. Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse.
Photo credit: Heritage Auctions www.HA.com

The consignor of the discovery coin wants to remain anonymous, and no information is available at this time about the coin’s earlier provenance.

“This unique early American coin provides insight into the early years of the United States Mint.  Its discovery 221 years after its production makes us eagerly anticipate what other numismatic treasures are still waiting to be found,” said Borckardt.

Heritage Auctions is the largest auction house founded in the United States and the world’s third largest, with annual sales of more than $900 million, and 950,000+ online bidder members. For more information about Heritage Auctions, and to join and receive access to a complete record of prices realized, with full-color, enlargeable photos of each lot, please visit HA.com.

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Heritage World & Ancient Coins Auction Brings in $6.3 Million at Chicago International Coin Fair

April 28, 2016 in Ancient Coins, Antique Coins, Auctions, Coin Shows, Coins, Collecting, Education, Gold, Gold Coins, History, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, USA Coins, World Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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Heritage Auctions has shared the following press release regarding its recent World and Ancient Coins sale at the Chicago International Coin Fair in Rosemont, Illinois.

DALLAS — Famous rarities from Australia and Canada led the results in Heritage’s April 14-19, 2016 CICF World Coins & Ancient Coins Signature Auction in Chicago, hammering prices totaling more than $6.3 million in all.

“Demand continues to be solid for the best examples across the market,” said Cristiano Bierrenbach, Vice President of Heritage Auctions. “We’re continuing to see great examples of a wide variety of international coins coming out of top shelf collections. Our… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Demand Strong in 2015 For Superb Quality, “Pedigree” Rare Coins, Reports Professional Numismatists Guild

January 11, 2016 in Coins, Collecting, Education, Gold, Gold Coins, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, Press Releases, Rare Coins, Silver, Silver Coins

For immediate release (Updated 01/14/2016)
January 11, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
Phone: (702) 868-5777

Demand Strong in 2015 For Superb Quality, “Pedigree” Rare Coins, Reports Professional Numismatists Guild

 

With a winning bid of nearly $5 million, the most valuable U.S. rare coin sold at auction in 2015 was this Lord St. Oswald pedigree 1794 Flowing Hair dollar. (Photo by PCGS.)

With a winning bid of nearly $5 million, the most valuable U.S. rare coin sold at auction in 2015 was this Lord St. Oswald pedigree 1794 Flowing Hair dollar. (Photo by PCGS.)

Summary:

A record total of 17 U.S. rare coins sold for $1 million or more in 2015 and a combined total of more than $439 million of U.S. coins sold at major public auctions last year, according to the Professional Numismatists Guild.

(Temecula, California) — From multi-million dollar pennies to nearly $5 million paid for an early American silver dollar, the market for superb-quality, historic U.S. rare coins remained strong in 2015, according to the Professional Numismatists Guild (www.PNGdealers.org).  A record number of 17 U.S. rare coins sold for $1 million or more each at public auctions during the year.

“The consensus estimate is that the overall U.S. rare coin market in 2015 was between $4.5 billion to $5 billion, although one expert estimated it at $6 billion.  The aggregate prices realized for U.S. coins sold at major public auctions in 2015 totaled $439,623,237, compared to $536 million in 2014 and $393 million in 2013,” said PNG President Dana Samuelson.

“There were 17 individual coins that brought $1 million or more at auction in 2015, compared to the previous record of 12 that reached that level in 2014 auctions,” Samuelson noted.

“We saw continuing high demand for so-called ‘trophy coins’ from several important collections that were sold at auctions in 2015.  As gold and silver prices dropped during the year and significant money was being spent on prized, big ticket numismatic rarities, there was weakness in the market for ‘average’ grade, commonly available coins.  However, prices remained strong for U.S. rare coins that combined historical significance, rarity and superb condition,” said Samuelson.

The PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.

“In a year-end survey of auction house executives, most of the experts responding estimated the overall 2015 coin market in the U.S. at between $4.5 billion to $5 billion.  That includes auctions and private transactions made at coin shows, by mail order, online and at coin stores, but does not include numismatic bullion items or the modern coins sold directly by the United States Mint,” explained Samuelson.

Two companies surpassed $100 million in auctions of United States coins: Heritage Auctions at $254,097,887 and Stack’s Bowers Galleries at $104,991,259.

 

These are the 17 U.S. rare coins purchased by winning bidders for $1 million or higher in 2015, and the auction companies that sold them:

  • 1794 Flowing Hair design silver dollar graded Mint State 66+ by Professional Coin Grading Service (PCGS), jointly auctioned by Stack’s Bowers Galleries and Sotheby’s for $4,933,750.
  • 1795 Capped Bust design Eagle ($10 denomination gold coin), PCGS MS66+, Stack’s Bowers/Sotheby’s, $2,585,000.
  • 1792 Birch design copper cent (an early American experimental design), graded MS65 by Numismatic Guaranty Corporation (NGC) with second opinion on grade by Certified Acceptance Corporation (CAC), Heritage Auctions, $2,585,000.
  • 1793 Chain design copper cent, PCGS MS66, CAC, Heritage Auctions, $2,350,000.
  • 1808 Capped Bust design Quarter Eagle ($2.50 denomination gold coin), PCGS MS65, Stack’s Bowers/Sotheby’s, $2,350,000.
  • 1792 experimental (pattern) quarter-dollar struck in copper, NGC MS63, CAC, Heritage Auctions, $2,232,500.
  • 1907 Ultra High Relief, inverted edge letters design Double Eagle ($20 denomination gold coin), graded PCGS and NGC Proof 68, Heritage Auctions, $2,115,000.
  • 1880 Coiled Hair design Stella ($4 denomination gold coin), NGC PR67, CAC, Heritage Auctions, $1,821,250.
  • 1796 Draped Bust design silver quarter-dollar, PCGS MS66, Stack’s Bowers/Sotheby’s, $1,527,500.
  • 1797 Draped Bust design silver half dollar, PCGS MS66, Stack’s Bowers/Sotheby’s, $1,527,500.
  • 1776 Continental silver dollar “CURENCY,” NGC Extremely Fine 40, Heritage Auctions, $1,527,500.
  • 1776 Continental silver dollar “CURRENCY” and EG FECIT design, NGC MS62, Heritage Auctions, $1,527,500.
  • 1792 Birch copper cent “TO BE ESTEEMED BE USEFUL” lettered edge, PCGS About Uncirculated 58, CAC, Stack’s Bowers, $1,175,000
  • 1798 Capped Bust Right, small eagle design Half Eagle ($5 denomination gold coin), PCGS AU55, Stack’s Bowers/Sotheby’s, $1,175,000.
  • 1880 Coiled Hair design gold Stella ($4 denomination), PCGS PR65, CAC, Heritage Auctions, $1,116,250.
  • 1792 copper pattern disme (early spelling of the word, dime), NGC MS64, CAC, Heritage Auctions, $1,057,500.
  • 1795 Capped Bust Right design gold Eagle ($10 denomination), PCGS MS63+, Stack’s Bowers/Sotheby’s, $1,057,500.

The auction companies either responding directly to a PNG questionnaire about their 2015 auctions of United States rare coins or whose auction sales figures were compiled from public announcements during the year were (in alphabetical order): Bonhams; David Lawrence Rare Coins; GreatCollections Coin Auctions; Heritage Auctions; Ira and Larry Goldberg Coins & Collectibles; Legend Rare Coin Auctions; and Stack’s Bowers Galleries and auctions conducted jointly by Stack’s Bowers and Sotheby’s.

All prices include the buyer’s premium, if any, to reflect the actual total prices paid by the winning bidders.  The PNG survey did not include 2015 auctions of paper money or coins produced by other countries (“world coins”), two areas of the numismatic marketplace that also experienced record prices for many items.

“We have an important saying in the numismatic marketplace. If you don’t know rare coins, you’d better know your rare coin dealer,” advised PNG President Samuelson.

Founded in 1955, the Professional Numismatists Guild is composed of many of the country’s top rare coin and paper money dealers.  PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.  A complete listing of PNG member-dealers is available at http://www.pngdealers.org/find-a-png-dealer?view=browselist.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the Professional Numismatists Guild, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Auction Preview: Heritage Auctions’ FUN Platinum Night

January 1, 2016 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Gold, Gold Coins, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Offers, Precious Metals, Rare Coins, Silver, Silver Coins, USA Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

5246BOTH

The first major U.S. coin sale of 2016 will be Heritage’s annual FUN (Florida United Numismatists) auction. Split over various sessions, a wide variety of American coinage will be on offer, stretching from colonial times to the present day. Many of the most noteworthy items will be sold during the traditional Platinum Night, held on the evening of January 7.

In this article, we will take a look at some of the most interesting items that Platinum Night will offer. The entire catalog, as well as information on the other coin and currency auctions held in conjunction with the Tampa FUN… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Preview: Heritage Auctions US Coins at the Houston Money Show

November 20, 2015 in Auctions, Coins, Coins for sale, Collecting, Conventions, Events, News, Numismatica, Numismatics, USA Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

3002BOTH

The final major coin show of this year will be held in Houston, TX from December 3 to December 5. In conjunction with the Houston Money Show, Heritage Auctions organizes a signature auction, offering a wide variety of United States coinage; we’ll take a look at a few of the available coins in this preview. The entire auction can be previewed on the Heritage Auctions Web site, and a full online version of the auction catalog can be accessed here. 1652 Oak Tree shilling.  Lot 3002 is the second lot in the auction and the first that we’ll… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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The Duckor Collection of Gold Dollars: A Post-Sale Analysis

August 18, 2015 in Antique Coins, Auctions, Blogs, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Events, Gold, Gold Coins, History, News, Numismatica, Numismatics, Rare Coins, USA Coins

By: Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)

I had a personal investment in the recent sale of Dr. Steven Duckor’s gold dollar collection at the Heritage 2014 Platinum Night auction session. Steve is a good personal friend of mine (and my wife Irma) so we wanted to be there to cheer him on. I also helped him assemble the set and, as a dealer, you don’t often get the chance to sit with a client while his world-class collection is being sold at auction.

Steve’s collection contained 54 coins, all of which were in some way special. The final price realized for the set—including the 17.5% buyer’s premium—was… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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ANA World’s Fair HA U.S. Coin Auction Recap

August 18, 2015 in ANA (American Numismatic Association), Auctions, Clubs and Associations, Coin Shows, Coins, Collecting, Dollar Coins, Education, Events, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, USA Coins, World Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

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With the largest show of the year once again behind us, it’s time to look back at the U.S. coin auction organized by Heritage Auctions in conjunction with the ANA show in Rosemont, IL last week. The auction saw a wide variety of coins being sold, ranging from high grade 20th century rarities to seldom encountered colonial coins. In this recap we will take a look at some of the most noteworthy results from the various sessions. The entire auction can be reviewed on the Heritage Web site. Please note that all prices mentioned include a 17.5% buyers… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Professional Numismatists Guild Presents Lifetime Achievement Award to Jeff Garrett

August 11, 2015 in Awards, Clubs and Associations, Collecting, Conventions, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild

For immediate release
August 10, 2015

 

News media contact:
Robert Brueggeman (951) 587-8300

 

Professional Numismatists Guild Presents
Lifetime Achievement Award to Jeff Garrett

 

New PNG President Dana Samuelson (left) and new PNG Vice President Barry Stuppler (right) presented the PNG’s 2015 Lifetime Achievement Award, to Jeff Garrett (center).  (Photo by Donn Pearlman.)

New PNG President Dana Samuelson (left) and new PNG Vice President Barry Stuppler (right) presented the PNG’s 2015 Lifetime Achievement Award, to Jeff Garrett (center). (Photo by Donn Pearlman.)

(Rosemont, Illinois) – The Professional Numismatists Guild (www.PNGdealers.org) has presented its 2015 Lifetime Achievement Award to Jeff C. Garrett of Mid-American Rare Coin Galleries in Louisville, Kentucky.  An award-wining numismatic author, Garrett is a former PNG President and is the incoming President of the American Numismatic Association.

“Jeff’s excellent reference books, his dedication to the hobby and profession, and his efforts to help the Smithsonian continue to expand and exhibit the National Numismatic Collection make him the outstanding choice for this year’s award,” said Barry Stuppler, Co-Chair with Dana Samuelson of the PNG Lifetime Achievement Award Committee.

In presenting the award, Samuelson noted that Garrett started working as a coin dealer in his teens and now is in his fifth decade as a professional numismatist.

“He’s a generous individual with his time and expertise, who doesn’t qualify his altruism based on the size of the entity receiving it.  He’s as happy helping his local Lexington, Kentucky coin club as he is assisting either the ANA or the Smithsonian,” Samuelson stated.

           The award was presented at the annual PNG banquet held in the Chicago suburb of Rosemont, Illinois on August 10, 2015, the eve of the ANA World’s Fair of Money (www.worldsfairofmoney.org).

           Here are other award categories and winners announced at the banquet.

he PNG’s highest honor, the 2015 Abe Kosoff Award, was presented to Steve Ivy (center) by PNG Immediate Past President Terry Hanlon (left) and PNG Board Member John Maben (right).  (Photo by Donn Pearlman.)

he PNG’s highest honor, the 2015 Abe Kosoff Award, was presented to Steve Ivy (center) by PNG Immediate Past President Terry Hanlon (left) and PNG Board Member John Maben (right). (Photo by Donn Pearlman.)

Abe Kosoff Founders Award: Presented to Steve Ivy of Dallas, Texas, Co-Chairman and CEO of Heritage Auctions and a former PNG President (2003 – 2005). The award is presented to a PNG member-dealer who has shown steadfast dedication to the entire numismatic community and who has made a significant contribution to the Guild or to the numismatic fraternity in general the past year.  The Kosoff Award is named after PNG’s Founding President who spearheaded the 1953 launch of the organization.

Sol Kaplan Award: Presented to Victor Bozarth of Bozarth Numismatics, Inc. of Brenham, Texas and Sarah Miller of Heritage Auctions, New York City, for their efforts that led to the arrest and subsequent guilty plea of a thief who stole coins at shows in several states.  The Kaplan Award is presented to individuals who have given their time in an attempt to rid the profession of fraud and thievery. The award, jointly presented by the PNG and the Lewis M. Reagan Foundation, is named after a former PNG President who was personally responsible for the apprehension of several people suspected of committing numismatic-related crimes.  

Significant Contribution Award: Given to Julian M. Leidman of Bonanza Coins in Silver Spring, Maryland for his exceptional, beneficial efforts on behalf of the PNG, the profession and the hobby.

Distinguished Service Award: Presented to Jeffrey F. Bernberg of Rare Coin Company of America in Willowbrook, Illinois for his 12 years of service on the PNG Board, including his term as President from 2011 – 2013.

Achievement in Excellence Award: Presented to Robert Korver of Heritage Auctions in Dallas, Texas.  PNG Executive Director Robert Brueggeman announced this special award for Korver’s “countless hours championing the fight against import restrictions.”  Brueggeman added: “The PNG, its members and the numismatic community as a whole are in his debt.”

This year, the PNG did not present either the Robert Friedberg Award for outstanding book or the Art Kagin Ambassador Award.

              The PNG recognized John G. Hanson of Wellesley, Massachusetts for 50 years of PNG membership.

The following dealers were recognized for 25 years of PNG membership: Klaus J. Degler of Denver, Colorado; William Dominick of Tappan, New York; Stephen J. Gehringer of Allentown, Pennsylvania; Salvatore Germano of Hawthorne, New Jersey; Ed Grundy of Pueblo, Colorado; James Halperin of Dallas, Texas; Richard N. Nachbar of Williamsville, New York; Daniel N. Ratner of Rockville, Maryland; and affiliate member Paul R. Whitnah of Arlington, Texas.

The final presentation at the awards ceremony for Lifetime Membership was “one that the PNG does not often make,” explained Brueggeman.  “In fact, we have only ever honored five members with this distinction.”  

He announced that Lifetime Memberships now have been conferred on former PNG President (1985 – 1989) Leon Hendrickson of Winchester, Indiana; John Rowe III of Dallas, Texas; and former PNG President (1989 – 1991) Harvey G. Stack of New York City.

The Professional Numismatists Guild is a nonprofit trade association composed of the country’s top rare coin and paper money dealers who must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  For additional information about the awards for the PNG, contact Robert Brueggeman, PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA 92590. Phone: (951) 587-8300. Email: info@PNGdealers.org. Online: www.PNGdealers.org.

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Preview: HA’s Platinum Night at the World’s Fair of Money

July 31, 2015 in ANA (American Numismatic Association), Auctions, Coin Shows, Coins, Collecting, Conventions, Events, Fun, Gold, Gold Coins, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Paper Money, Seminars, USA Coins, World Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

worldsFair

From August 11 to August 15 the American Numismatic Association will organize the World’s Fair of Money in Rosemont, Illinois, just outside of Chicago. Considered the largest show of the year, the whole week is a gigantic happening of numismatics, attended by people from around the world. Several auctions are also organized, with United States and world coins on offer, as well as paper money. In this preview, we will cover Platinum Night held by Heritage Auctions on the evening of August 12th. On offer will be a wide variety of high quality and seldom seen United States coins, Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Judge Awards Coin Fraud Victim’s Estate Nearly $1.9 Million Under Federal Racketeer Laws

July 22, 2015 in Antique Coins, Coins, Collecting, Counterfeit, Fake Coins, Grading, Investing, Legal, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), PNG Professional Numismatists Guild, Press Releases, US Government

For immediate release
July 22, 2015

News media contacts:
Paul Montgomery, (405) 254-6877
Lyn Stevens, (800) 896-3452

Judge Awards Coin Fraud Victim’s Estate
Nearly $1.9 Million Under Federal Racketeer Laws

 

(Corpus Christi, Texas) – A Federal Court Judge in Texas has issued her final ruling that a coin fraud victim’s estate should receive nearly $1.9 million from a Long Island coin dealer and his grading company under the Racketeer Influenced and Corrupt Organization Act (RICO).  The estate was assisted in its three-year recovery efforts by former Professional Numismatists Guild President Paul Montgomery, President of Paul Montgomery and Associates in Oklahoma City, Oklahoma (www.paulmontgomeryonline.com).

Judge Nelva Gonzales Ramos of the United States District Court of Southern Texas, Corpus Christi Division, issued her final judgment on July 21, 2015.

Last November, Judge Ramos held a bench trial in the case.  On May 20, 2015 she issued a 30-page Findings of Fact and Conclusions of Law in which she ruled that PCA Collectibles, Inc. of North Lindenhurst, New York, and PCI Coin Grading company misled Corpus Christi stockbroker Bonnie Pereida “into buying coins that were counterfeit, damaged or worth only a fraction of what they were represented to be.”

Judge Ramos also stated in May: “The Court concludes that there is clear and convincing evidence of the fraud perpetuated by PCI and PCA against Pereida.”

In her final judgment, the judge now has ordered that the estate can recover $1,892,324 from Anthony Delluniversita, majority owner of PCA and the owner of PCI coin grading company at the time the coins were graded and sold to Pereida.  Of that total, $1,610,802 is for damages, $280,190 for attorney’s fees and another $1,332 for costs of the lawsuit.

Montgomery stated: “I’ve been involved in hundreds of these kinds of cases, and this is the first one that resulted in a federal court victory.  Usually, the sellers resolve the buyers’ complaints to avoid a trial in court by eventually making a refund of all or at least a portion of what the customers paid.  It takes time, but there are remedies against nefarious dealers, and I’m delighted for Dr. Malvino about the judge’s decision in this case.”

According to court documents, from January through May of 2011, Pereida made 31 separate purchases of rare coins from PCA.  She bought 135 coins and paid a total of $727,569 to PCA for them.  The coins were graded by PCI, and the sole owner of PCI at the time was defendant Delluniversita who also was the dominant shareholder of PCA Collectibles.

Pereida’s fiancé  Albert P. Malvino, Ph.D., testified, “We bought these (coins) for our retirement…and we thought…we’re getting a good deal…..”

When Pereida died in October 2011, Dr. Malvino was appointed executor of her estate and had the coins appraised.

Heritage Auctions through its Heritage Appraisal Services estimated the auction value at $190,865 at the time the coins were examined, less than 27 percent of the amount paid by Pereida.  Montgomery then was retained by Dr. Malvino to assess the grade and value of the coins, and he concluded the reasonable retail value of the coins at the time they were purchased by Pereida was $150,964, about 20 percent of what Pereida paid.

Montgomery also requested Professional Coin Grading Service to do an independent appraisal of the grades, and, according to the Judge’s ruling, “PCGS’s findings were consistent with those of Montgomery.”

Heritage, Montgomery and PCGS identified one coin as a counterfeit, a 1914-D Indian $2.50 graded by PCI as MS64.

They also identified 25 other coins that could not be graded because they were either cleaned or damaged.  These included a 1907 Saint-Gaudens Roman Numerals High Relief Double Eagle graded by PCI as MS65 and sold for $19,500.  Heritage estimated the auction value at $6,000, Montgomery valued the coin at retail as $4,500 and both Heritage and Montgomery agreed with PCGS that the coin had been cleaned.

An 1892-CC Liberty Double Eagle, sold by PCA to Pereida for $12,500 and graded by PCI as MS62, was valued by Heritage at $2,600 and only AU, valued by Montgomery at $700 because it was damaged and given also given no grade by PCGS because of an noticeable scratch on the coin.

During the trial in November 2014, Montgomery showed the judge coins graded by PCI as Mint State, that were in his opinion, only About Uncirculated.

“She quickly understood the concept of grades and its relationship to coin values.  I told her: ‘Your Honor, now you’re a coin grader,’” recalled Montgomery.

“When you’re buying or selling coins, there’s an important lesson for the public to remember.  If you don’t know rare coins, you’d better know your rare coin dealer.  Members of the Professional Numismatists Guild must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  The dealer who sold coins to Ms. Pereida was not a PNG member,” said Montgomery who served as PNG President from 2009 – 2011.

Dr. Malvino was represented by attorney R. Lyn Stevens of Stevens Baldo Freeman & Lighty in Beaumont, Texas (www.sbf-law.com and www.CoinFraud.com).

The case is Albert Malvino v. PCA Collectibles, Inc., Civil Action No. 2:12-CV-401, in the U.S. District Court of Southern District of Texas Corpus Christi Division.

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Recap: Heritage Summer FUN U.S. Coins Signature Auction

July 13, 2015 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Events, News, Numismatica, Numismatics, Rare Coins, USA Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

08409828

On July 9, Heritage Auctions organized a Signature Sale in conjunction with the summer FUN show, held in Orlando, Florida. Offered were a wide variety of numismatic items, some of which we covered in our preview. In this recap we will discuss some of the most noteworthy results from the sale, ranging from high grade nineteenth century rarities to seldom encountered and somewhat obscure coins… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Preview of Heritage Summer FUN U.S. Coins Signature Auction

July 6, 2015 in Auctions, Coin Shows, Coins, Collecting, Conventions, Education, Events, Fun, News, Numismatic Societies and Clubs, Numismatica, Numismatics, USA Coins, World Coins

By:  News.CoinUpdate.com (Coin Update News)

08409828

The July FUN show, organized by Florida United Numismatists in Orlando FL, is held from July 9 to 11 this year. As part of the show, Heritage Auctions will be holding a signature auction. A total of 3,268 lots will be offered, ranging from colonials to high-grade Federal coinage and everything in between. In this preview, we will take a look at some of the most exciting and rarely seen coins offered in the auction. The lots discussed in this article and all others in the auction (both floor and online-only sessions) can be found on the Heritage’s… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

Summer Fun Show Website>

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Heritage June 2015 Long Beach Expo US Coins Signature Auction Recap

June 8, 2015 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Rare Coins, USA Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

4230

The Long Beach Expo held this past week included a Heritage Auction with a wide variety of numismatic lots. In our preview article we discussed a number of these lots, and in this recap we will look at those lots that resulted in the highest results. Overall the sale realized prices that were in line with other recent results, which is a good sign for the overall health of the coin market. Please note that all prices mentioned include a buyers premium of 17.5%.

The first lot we will discuss was offered as lot 4230. It was… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Long Beach Expo Welcomes Collectors And Dealers, June 4 – 6, 2015

May 7, 2015 in Auctions, Clubs and Associations, Coin Dealers, Coin Grading, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Conventions, Education, Entertainment, Events, Gold, Gold Coins, Gold Eagles, Grading, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Precious Metals, Press Releases, Rare Coins, Silver, Silver Coins, USA Coins, World Coins

For immediate release
May 7, 2015

News media contact:
Steve Sloan: (949) 567-1223

Long Beach Expo Welcomes Collectors And Dealers, June 4 – 6, 2015

 

This 1933 Eagle, graded PCGS MS65, will be one of many highlights in the Heritage Auctions Signature Auction at the June 2015 Long Beach Expo. (Photo courtesy of Heritage Auctions www.HA.com.)

This 1933 Eagle, graded PCGS MS65, will be one of many highlights in the Heritage Auctions Signature Auction at the June 2015 Long Beach Expo. (Photo courtesy of Heritage Auctions www.HA.com.)

(Long Beach, California) — The June 4 – 6, 2015 Long Beach Coin, Currency, Stamp & Sports Collectible Expo (www.LongBeachExpo.com) will offer collectors and dealers a wide range of buying, selling and hobby education opportunities.  Visitors also will be able to view more coins from the D. Brent Pogue Collection for the first time on the West Coast.

“There will be about a dozen club meetings and educational seminars during the upcoming show.  More than 500 collectibles dealers will be buying and selling rare coins, gold, silver, paper money, stamps, sports memorabilia, estate jewelry and other collectibles,” said Long Beach Expo President Cassi East.

The official auctioneer of the Long Beach Expo, Heritage Auctions (www.HA.com), will conduct a Signature Auction of United States rare coins.  Among the coins offered will be an 1880 Coiled Hair $4 Stella, Judd-1660, Pollock-1860, graded PCGS PR65, and a 1933 $10 Eagle, graded PCGS MS65.

All visitors can have their coins personally examined by PCGS Co-Founder and Collectors Universe President David Hall during Meet the Expert sessions at the Professional Coin Grading Service booth (#807) from 1:00 pm to 2:00 pm on Thursday and Friday, June 4 and 5, and from 11:00 am to Noon on Saturday, June 6.

PCGS will offer a $5 special for TrueView photography service for coins submitted at the show.

Youngsters can get free prizes during a treasure hunt and free, vintage collectible postage stamps on Saturday.

Club meetings and educational programs during the June Long Beach Expo include: Ancient Coin Club of Los Angeles; Christian Coin Dealers; Early American Coppers; Liberty Seated Collectors Club; Long Beach Coin Club; National Silver Dollar Roundtable; and Philippine Collectors Forum.  PCGS experts will conduct coin grading classes on Saturday; however, advance registration is required to attend (www.PCGS.com/store).

This 1933 Eagle, graded PCGS MS65, will be one of many highlights in the Heritage Auctions Signature Auction at the June 2015 Long Beach Expo. (Photo courtesy of Heritage Auctions www.HA.com.)

This 1933 Eagle, graded PCGS MS65, will be one of many highlights in the Heritage Auctions Signature Auction at the June 2015 Long Beach Expo. (Photo courtesy of Heritage Auctions www.HA.com.)

Stack’s Bowers Galleries and Sotheby’s will showcase selected, highly anticipated numismatic rarities from the Pogue Collection that will be offered at future auctions.

The Long Beach Expo will be held in the Long Beach, California Convention Center, 100 S. Pine Ave.

Show hours are Thursday and Friday, June 4 and 5, from 10 am to 7 pm, and Saturday, June 6, from 10 am to 5 pm.  Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance online.

“Simply go to our website, www.LongBeachExpo.com, click ‘Get Passes,’ and enter the special Promo Code, PRJUNE15.  Then print out the free admission coupon and present it at the show’s registration desk,” said East.

For additional information, including the schedule of events and a list of attending dealers, visit online at www.LongBeachExpo.com, call the Long Beach Expo at (888) 743-9316 or email at LBExpo@collectors.com.

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Heritage April 2015 CSNS US Coins Signature Auction Recap

April 28, 2015 in Antique Coins, Auctions, Clubs and Associations, Coin Shows, Coins, Coins for sale, Collecting, Dollar Coins, Events, Gold, Gold Coins, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, USA Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

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As part of the Central States Numismatic Society convention held in Schaumburg, IL this past week, Heritage Auctions organized a signature auction with rare and high-end US coins. In this recap we will take a look at some of the highest and most surprising results from the auction. Please note that all prices realized include 17.5% buyers premium.

Four Dollar Gold pieces, a denomination now forgotten by most of the general public and never really struck for circulation, are none-the-less very popular with advanced numismatists. Collectors could choose from several choice examples of the denomination in the Central States… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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