Lots of things you need to know

Through CoinWeek …..

From Wednesday 9 January Heritage auctions will make their first US coin auctions of the 2019 calendar year. The Heritage FUN Sale is a flagship event for the rare coin hobby and all eyes will be focused not only on the price performance of the lots in this sale, but also on the interest from the collector to Orlando could inspire others to bring their high-quality coins and collections to market in 2019. Strong markets breed the opportunity to purchase some of the hobby’s most prized specimens, although in good and bad markets, the highest quality parts are always in short supply.

The sale features over 5,700 lots, including rarely seen colonials, antique brass, Trade Dollars, Morgan and Peace silver dollarsand semi-key and key-date issues from across the spectrum of U.S. numismatics.

We have gone through the catalog and bring you the following lots that you need to know.

Lot 4553: 1885 Trade $1 PR 66 NGC

The US dollar trade is kind of an oddity.

Never intended for American commerce, the coin was struck to facilitate trade with Asia, a region of great economic import for traders on the West Coast of the United States. Slightly heavier than the Sitting freedom dollar, the coin made its way into American trading channels as the price of silver fell dramatically after the unification of Germany and the adoption of the gold standard. This caused the trade dollar to be worth less than its face value, a fact not lost on the unscrupulous companies that chose to pay employee salaries with the coin. This led to considerable twists in Congress and ultimately the shutdown and demonetization of the denomination.

For all intents and purposes, production of the trade dollar ended in 1878. The Carson City Mint minted 97,000 coins and San Francisco released a mintage of 4,162,000. Thereafter, Trade dollars were minted only in Proof finishes for collectors.

Proof Trade dollars are collectible back to 1883 and at a modest price, given that surviving populations for most dates are between 50% and 75% of their original mintages (mostly in the hundreds or thousands ). Trade dollars minted in 1884 and 1885, the last two years in which evidence was made, are another story. Only 10 coins were minted in 1884 and only five in 1885, making both of these issues extremely rare and important to 19th century silver coin collectors.

In this auction, Heritage is offering several important trade dollars, including one of the finest 1883 proofsa beautiful 1884and this, the Eliasberg specimen 1885. NGC ranks the coin PR 66. This is the best known example and last traded hands in 2006, where it sold at a private sale for $3.3 million.

Current bid: $2,750,000

Lot 4651: 1879 $4 (Stella) coiled hair. PR66 Cameo NGC

It took several years, but the United States currency was finally done with Dr. William Wheeler Hubbellinventor of Goloid and permanent threat. Hubbell and his knowing accomplice, congressman from Georgia and former Vice President of the Confederacy Alexander Stephens, who was now the head of the Committee on Parts, Weights and Measures, found common purpose in pursuing a number of crackpot schemes designed to bring about a solution to the long-running dispute between gold and gold. money of the country. Goloid, a patented alloy that mixed silver, gold and copper, was not an ideal solution despite Hubbell’s claims, and the Mint was forced to create a number of designs using the composition . None bore the gold and purple hue that Hubbell says would come from proper preparation.

With the Stellar Pattern program, Hubbell was given one last chance to participate in the overhaul of US currency. The idea of ​​the Latin motto “DEO EST GLORIA” was his; he felt that the English “In God We Trust” was not worthy of an international coinage.

While the Stella flowing hair patterns are among the most abundant in US coinage (it is collected as a regular issue and in this context is considered rare), the Coiled hair the 1879 design is truly rare. Heritage Auctions has 13 known examples, with this example (NGC PR66 Cameo) named as the fourth best.

Heritage last sold a 1879 coiled hair rated Proof 66 in 2014, where an undesignated Cameo fetched $851,875 (with Buyer’s Premium). A year later, a CAC-approved Proof 65 brought a little more. The current piece has been rated Proof 66 Cameo by NGC. It resides in an old style mount (generation 7), which means the coin was last filed in the period 1997-2000.

Auctions are still early, but if you want to participate, the price is currently at $460,000.

Lot 4604: 1922 Peace Dollar pattern, high relief, sandblasted. J-2018 antique finish. SP64PCGS

New coin design often required a bit of tinkering in the early years of production, and this proved to be the rule for coinage in the “golden age” of coin design in the United States. by Anthony de Francisci Peace dollar design, which represented a modern and youthful style Freedomstill needed the steady hand of the U.S. Mint’s chief engraver George T. Morgan to make it suitable for mass production. The high relief versions, struck in late 1921, have long been sought after by collectors, but few were aware that the Mint had struck and distributed a small number of high relief copies in 1922.

The current example, Heritage reports, comes from the estate of the former director of the U.S. Mint Raymond T. Baker. Baker came into possession of this copy in 1922. It was sent to him with a high relief struck in 1921 by Philadelphia Mint Superintendent Freas Styer, who requested the return of the two pieces after Baker examined them. The fact that Baker kept it is perhaps the only reason this sandblasted high relief motif survives to this day. This piece is the finest of the three known specimens and is rated SP64 by PCGS.

Current bid: $120,000.

Lot 4312: 1793 Chain 1C, AMERI., S-1, B-1, PCGS MS64+ BN

The early days of the United States Mint were marked by difficulties and scandals. On the hardship side, life and death issues came to the fore after an outbreak of Yellow fever claimed the lives of more than 5,000 Philadelphians, including Chief Coiner Joseph Wright and his wife Sarah. This tragic loss changed the artistic direction of the United States Mint and is part of the reason why so many early US coin issues are extremely rare.

Another setback was the difficulty the Mint had in obtaining bonds for its employees. This problem delayed the production of silver and gold coins and was only resolved by an act of Congress.

On the scandal side, the applicant John Vaughan nearly brought down the Mint after discovering that the Mint’s silver coins were struck with illegal fineness. He claimed to have suffered a loss on his deposit. The ensuing public outcry led to the resignation of one or even two Mint administrators. Fortunately, the ship was quickly righted and the Mint lasted over 225 years.

This beautiful hundred chain retains hints of the original mint red around the periphery of the lettering and inside the coin’s controversial chained crown on the reverse. This specimen is reported as the second best known of the AMERI. Type, the first commercially minted American cent. His pedigree begins with a 19th century merchant Thomas Elderwhose son-in-law sold the piece to Ted Naftzger, Jr. in 1947 for a reported sum of $1,000. The current sender acquired the coin from Naftzger in a private sale in 1996.

The play has been greatly appreciated since Naftzger and Weinberg both acquired it. In terms of quality, it is an ancient copper coin with few rivals in terms of quality or historical significance.

Current bid: $575,000

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