1792 Washington cent headlined by Mike Coltrane collection at US Heritage coin auction

1792 Washington President Hundred, EF-40, CAC. T under Washington’s shoulder, W-10685. Unique variant, Ex: Newman. Images by Heritage Auctions. Hover to zoom.

Rare 1786 Maris New Jersey Copper also featured in Nov. 2 event

Dallas, Texas (October 19, 2022) – A magnificent 1792 President of Washington penny is arguably the best mintage at the Heritage auction Signature Auction of Mike Coltrane’s Estate of American Coins Collection November 2.

The 86 lots for the event come from the collection of Coltrane, who died in January.

“Mike’s interest in numismatics reflects his career in banking and is reflected in this extraordinary collection,” said Jim Halperin, co-founder of Heritage Auctions. “His interests ranged from Federal coppers to territorial gold issues, all represented in this auction. Mint and gold bullion receipts Each lot in this auction deserves the attention normally given to trophies.

The 1792 Washington President Hundred, EF-40, CAC is one of the most memorable and important Colonials to have been part of Eric P. Newman’s collection. Featuring the ‘T’ under Washington’s shoulder, it is a singular piece of considerable historical significance. There are two main types of President of Washington pennies which are distinguished by their reverses, with either the eagle and 13 stars appearing on this example, or the general of the United States armies. Many subscribe to the traditional view that these coins are closely related to the 1791 Large Eagle and Small Eagle cents.

A 1786 Maris 18-M New Jersey Copper is offered publicly for only the third time in the last century. Featuring the famous “Bridle” crack connecting the points of the horse’s nose and trunk is only faintly visible on this early die state, this is New Jersey’s finest copper, this piece is the only piece MS-66 NGC with no finer (8/22).

A 1788 New Jersey Copper, MS-63 Brown is the finest known Maris 50-f and the only Mint State Head Left Copper. The fields are so pristine that Garrett’s cataloguer described the piece as “Prooflike Uncirculated,” a bold statement for any Confederation-era copper. This coin, then owned by Albany numismatist John G. Mills, was sold by the Chapman brothers along with the rest of his collection in 1904. The Mills sale was the first auction in which Robert Garrett, son of T. Harrison Garrett and brother of John Job Garrett, participated. While this piece is recorded as having been bought at auction by the Chapmans themselves for $38, a handwritten note in their auction book reads: “Sold Garrett $45”, indicating that it was sold directly to Robert Garrett after the sale and not to James. Elsworth. From Robert, the collection passed to his brother John Work Garrett and then to Johns Hopkins University, remaining there until the Bowers & Ruddy sale of 1980.

A beautiful octagonal 1852 Analysis Bureau 50 dollars, AU-55+, CAC is a prime example of the 1950s Augustus Humbert United States Assay Office which are icons of American currency. They were originally introduced in 1851, and various iterations of the octagonal design were made until 1852. The K-13 variety is struck in .887 fine gold and features the UNITED STATES BUREAU OF ASSAY OF SAN FRANCISCO CALIFORNIA GOLD around obverse border.

The 1788 Miller 9-E Connecticut Copper, MS-63 Brown offered in this auction is probably the finest known of this die pairing. The only coin that comes close is the very imperfect Ford coin that appeared as part of the Robert Martin collection and is graded MS-61 Brown NGC. Like most examples, the piece offered is imperfectly centered.

Another Washington penny in the auction is virtually flawless 1792 Getz model hundred, AU-53 it is No. 17 in George Fuld’s state census of copper Getz models. This coin from the Donald G. Partrick collection is the largest diameter and second heaviest example of any Getz design recorded in copper or silver. Heritage Auctions experts know of 83 distinctly different Getz models; the proposed example is the only one with a coin tower matrix alignment.

A 1797 C-1, B-1 half cent, MS-65★ Brown, CAC is immediately identifiable by the “1” misplaced too close to the bust. This coin is arguably the best surviving example of these dies and is visually finer than the Missouri Cabinet coin which was struck on a Talbot, Allum & Lee token and described as perhaps the finest known.

The field tour is available in Dallas by appointment through Nov. 2.

Images and information on all lots in this auction are available at HA.com/1350.

Heritage has offices in New York, Dallas, Beverly Hills, Chicago, Palm Beach, London, Paris, Geneva, Brussels, Amsterdam and Hong Kong.

Heritage also enjoys the highest online traffic and dollar volume of any auction house in the world (source: SimilarWeb and Hiscox Report). HA.com has over 1,500,000 registered bidding members and a free searchable archive of five million past auction records with realized prices, descriptions and expandable photos. Reproduction rights are regularly granted to media for photo credit.

Press release courtesy of Heritage Auctions

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