Important News! CoinLink has merged..... Visit our NEW Site www.CoinWeek.com

BREAKING NEWS:....... Vist Our NEW Site at CoinWeek.com

All Posts Tagged With: "Heritage Auction"

Olsen-Hawn 1913 Liberty Nickel Sells for $3,737,500

by Greg Reynolds for CoinLInk

The Olsen-Hawn 1913 Liberty Nickel sold shortly after 10:00 PM on Thursday, Jan. 7. It is the highest valued item in an auction extravaganza conducted by Heritage Auction Galleries in association with the annual winter FUN Convention in Orlando, at the Orange County Convention Center. This convention is open to the general public.

The Olsen-Hawn 1913 Liberty Nickel was the centerpiece of this year’s FUN Platinum Night auction event, which is devoted to expensive U.S. coins. Much more modestly priced coins are auctioned at other times.The Olsen-Hawn piece is widely regarded as the second finest of just five 1913 Liberty Nickels in existence.

This nickel was purchased “by a sophisticated East Coast collector,” according to Todd Imhof, the Executive Vice President of Heritage, and “has found a home among other Great Rarities,” Imhof adds. “He is not completing a set of Liberty Nickels. He bought it because he likes Great Rarities.”

Greg Rohan, the President of Heritage relays that the underbidder wishes to reveal only that he is an accomplished “business executive who just re-entered coin collecting circles.” Further, Rohan indicates that the underbidder “wanted to get started again by buying a 1913 Liberty Nickel. He is very disappointed.” It would have been a neat and exciting way to start a new coin collection.

Sam Foose was the auctioneer. Before this coin ‘came up’ for live bidding, it was indicated on the Heritage website that the opening level would be the reserve, which had not yet been met, $2,750,000, or $3,162,500 with the 15% buyer’s fee that is standard at all major coin auctions. Bidders usually take this 15% fee into consideration when they factor their bids. It is logical to do so. So, I will include adjusted bids in parentheses herein. (more…)

Unusual Items: 1874 Dana Bickford Ten Dollar Gold Coin

Heritage Auctions will be selling one of the two known Bickford $10 Gold Patterns at it FUN Sale this week. Below is the Catelog description of the coin and some history surrounding it.

judd_1373_bickford_gold_10The Bickford pattern ten dollar gold piece, known to pattern collectors as Judd-1373, is one of the most celebrated issues in the U.S. pattern series. Only two examples are known, placing the issue at the pinnacle of rarity. Both known examples have been meticulously preserved, and their size, attractive design, and majestic gold composition combine to make them breathtakingly beautiful numismatic patterns. The rich and mysterious history shared by these pieces adds to their irresistible appeal.

The Design

On the obverse, a fresh-faced, youthful Liberty faces left, with her hair tied back and wearing a diadem, ornamented with six stars, reading LIBERTY. UNITED STATES OF AMERICA rings the rim; the date 1874 is below. Liberty has an olive wreath tied around her neck. On the reverse a rope design forms six separate cartouches around the rim. In the center is the Latin word UBIQUE “everywhere,” with 16.72 GRAMS 900 FINE in three lines. In the cartouches are the coin’s exchange values in various international currencies: DOLLARS 10; STERLING 2.1.1; MARKEN 41.99; KRONEN 37.31; GULDEN 20.73; FRANCS 51.81. Struck in gold, with a reeded edge. The diameter is the same as a twenty dollar, but the planchet is thinner.

Bickford’s Proposal

Dana Bickford’s proposal for an international coinage captured the public’s attention in the mid-1870s. The following article explaining the situation was originally published in The Coin and Stamp Journal in Kansas City, Missouri (February 1876 issue). It has been reprinted in several sources since that time:

(more…)