Heritage Offers Numismatic Rarities in Palm Beach!

DALLAS, TEXAS: Heritage Numismatic Auctions, Inc (HNAI) will hold its upcoming Signature Auction November 2-5, 2005 as part of the Palm Beach Coin Show.

"This is sure to be a spectacular event," said Greg Rohan, President of HNAI. "There are more than $35 million (!!) worth of coins consigned to this auction, which ensures that the eyes of the entire numismatic community will be focused on Heritage during the first week of November. We're proud to present our latest Platinum Night Session as part of this auction, featuring some of the finest and rarest coins in existence."

"There are several important anchor consignments in this auction," said Rohan, "starting with the Philip H. Morse Collection of Saint-Gaudens Coinage, the most valuable single session one-owner coin auction of all time. Mr. Morse, a consummate numismatist and avid collector for more than four decades, developed the first fluid delivery system for use in cardiac catheterizations, the Morse Manifold, which is now used worldwide. During his retirement, Mr. Morse had the opportunity to devote time and energy to his love of fine coins and collectibles, which resulted in this spectacular collection.

"As if that isn't enough, Jack Lee's incredible silver dollar collection leads the list of over 230 additional consignments for this sale.

Highlights of the Philip H. Morse Collection of Saint-Gaudens Coinage include:

• 1909-D $10 MS67 PCGS.
• 1907 Ultra High Relief, $20 Lettered Edge PR69 PCGS.
• 1907 $20 High Relief, Wire Rim MS67 NGC.
• 1907 $20 High Relief, Flat Rim MS68 PCGS.
• 1907 $20 Small Edge Lettering PR68 PCGS.
• 1907 $20 Large Letters PR64 NGC. Ex: Trompeter.
• 1908 $20 Roman Finish PR64 PCGS.
• 1910 $20 PR68 NGC.
• 1911 $20 PR68 NGC.
• 1920-S $20 MS66 PCGS.
• 1921 $20 MS65 PCGS.
• 1921 $20 MS64 PCGS.
• 1927-D $20 MS67 PCGS.

"There are few pedigrees in American numismatics that mean as much to the collecting community as: Ex: Jack Lee Collection," said Rohan. "Those four words convey volumes about the certain quality of the coin, its eye appeal, and its status as one of the premier examples of the issue. Jack Lee, a dedicated collector, came from a family of collectors with wide-ranging interests. An avid stamp collector in the 1930s and 40s, Mr. Lee came to the field of rare coins in 1975, approaching it with an adult collector's sensibilities and the mind of a businessman linked to the eye of a connoisseur."

"Mr. Lee founded American Silver Dollars in 1976," Rohan continued, "after realizing that being a dealer would provide greater insights into value and quality from the sheer volume of coins handled. Jack has retired from the financial services industry (his 'day job' for decades), but he hasn't retired from his love of numismatics. In fact, Jack is now seriously building his fourth round of collections!"

"Jack Lee's first collection, which consisted of Morgan dollars business strikes and proofs, Peace dollars, and Walkers, is now typically referenced as Jack Lee I. Sold in the early 1990s, it was considered the best at that time. Mr. Lee started a new collection immediately thereafter, and found himself rebuying and selling many of his 'Lee I' coins some multiple times! His second collection was sold five years later, and Jack Lee II pedigreed coins were as avidly sought as Jack Lee I. Following their sale, Mr. Lee was unable to resist once again buying coins for his personal account, but this time only pursuing coins that he really liked. And yes, it includes some coins from his first two collections that he still finds irresistible!"

Highlights of the Jack Lee Collection, III include:

• 1794 $1 AU55 NGC.
• 1795 H10C MS67 Prooflike NGC.
• 1795 $1 Flowing Hair, Two Leaves MS65 NGC.
• 1802 $1 PR64 PCGS. B-8, BB-302, R.7. Restrike or Novodel.
• 1803 $1 PR66 NGC. B-7, BB-303, R.7. Restrike or Novodel.
• 1870-S $1 XF40 PCGS.
• 1871-CC $1 MS64 NGC.
• 1889-CC $1 MS68 PCGS.
• 1892-S $1 MS68 PCGS.
• 1895-O $1 MS65 Deep Mirror Prooflike PCGS.
• 1895-O $1 MS67 PCGS.
• 1895-S $1 MS67 Deep Mirror Prooflike PCGS.
• 1896-O $1 MS66 PCGS.
• 1896-S $1 MS69 PCGS.

"Emery Hensley has one of the most unusual collecting stories I have ever heard," Rohan continued. "As a boy during the 1940s, he suffered from Osteomyelitis, and spent nine years in hospital enduring some 35 operations, during which time he started collecting Indian Head cents to alleviate the tedium of his lengthy recuperations. The doctors and nurses would bring him rolls and rolls of cents to look through, and he pulled out the Indian cents and early Lincolns. Then, while a high school student in the 1950s, he went to work for a vending company, and again had a constant stream of coins pass his way. His rule of thumb was that the coin had to be worth twice face to be collected! He stayed with that firm for three decades, ultimately buying out the founders! Since then, he has completed sets of Standing Liberty Quarters, Buffalo Nickels, including proofs, and many other series."

Highlights of the Hensley Collection include:

• 1916 5C Doubled Die Obverse VF25 PCGS.
• 1918/7-D 5C VF25 PCGS.
• 1936-D 5C 3 1/2 Legs XF45 NGC.
• 1936 5C Type Two--Brilliant Finish PR67 PCGS.
• 1937 5C PR68 NGC.
• 1911-D $2 1/2 MS61 NGC.

"Parke Kallenberg started collecting coins when he was young," Rohan said, "buying rolls at his local bank, and searching for coins to fill his Whitman albums. The 'collecting bug' never left him entirely, and about seven years ago, while inspecting Mint State Walking Liberty halves at a coin show, he fell in love with coins all over again. His eye for quality was apparent, with this set being ranked by PCGS as high as the #4 Current Finest."

Highlights of the Kallenberg Registry Set of Walking Liberty Half Dollars, 1933 to 1947 include:

• 1933-S 50C MS67 PCGS.
• 1935-D 50C MS66 PCGS.
• 1936-D 50C MS67 PCGS.
• 1937-S 50C MS67 PCGS.
• 1938-D 50C MS67 PCGS.

"The Lexington Collection was assembled by a long time Southern collector," Rohan said, "whose love for numismatics included many years of educating and supporting his fellow collectors. He began his hobby shortly after serving in the U.S. Army during World War II, and further supported the numismatic community as a founding member of his local coin club. A strong advocate of displaying his collections at coin shows, over the years his displays consistently won awards and accolades not only for the quality of the coins and paper money, but also for the descriptions he prepared. He enjoyed spending the time to research and describe the historical aspects behind each of his numismatic treasures, including all types of U.S. coins (gold, silver, patterns, commemoratives, tokens), paper money and medals. Viewers of his collections learned about all facets of U.S. coinage types, from colonial times to the Bicentennial, exemplified by numerous high quality rarities, most of which have not been on the market for over 40 years."

Highlights of the Lexington Collection include:

• 1836 P$1 Name on Base, Judd-60 Original, Pollock-65, R.1--Polished--ANACS. Proof Details.
• 1889-CC $1 AU53 ANACS.
• 1907 $20 High Relief, Wire Rim MS62 NGC.
• 1915-S $2 1/2 Panama-Pacific Quarter Eagle MS65 NGC.
• 1851 $50 RE Humbert Fifty Dollar, 880 Thous. AU53 NGC.

"We're also very pleased to offer Part Two of the Napa Valley Collection," Rohan said, "the first part of which sold in our Palm Beach Signature auction earlier this year. This time, we're offering the Gem Deep Mirror Prooflike and other Morgan dollars from this exceptional collection. This collector has been seriously pursuing a wide range of numismatic items for more than three decades, after an early introduction to rare coins as a youngster. He has been especially interested in the great series from the nineteenth and early twentieth centuries, preferring their history, their beauty, and the challenge of finding specimens in high grade. The consignor has always sought the highest grade he could afford, with particular emphasis on luster and strike."

Highlights of the Napa Valley Collection, Part II include:

• 1879-CC $1 MS65 Deep Mirror Prooflike NGC.
• 1889-CC $1 MS64 Deep Mirror Prooflike NGC.
• 1892-CC $1 MS65 Deep Mirror Prooflike PCGS.

"The wonderful dimes of the Brooke and Paige Pennington Collection of Mercury Dimes deserve special mention," said Rohan. "The set is ranked as #18 Current Finest on the PCGS Registry, Mercury Dimes Full Bands Basic Set, Circulation Strikes (1916-1945), and we're very proud to present it to the numismatic community."

Highlights of the Brooke and Paige Pennington Collection of Mercury Dimes include:

• 1916-D 10C MS66 Full Bands PCGS.
• 1917-D 10C MS65 Full Bands PCGS.
• 1918-D 10C MS65 Full Bands PCGS.
• 1918-S 10C MS66 Full Bands PCGS.
• 1945 10C MS65 Full Bands PCGS.

"The Petosky Collection reflects the wide-ranging numismatic interests of the consignor," Rohan added, "with specimens ranging from Flying Eagle cents to double eagles, with strengths in Mercury dimes - his 1916-D is MS63 PCGS! - and Morgan dollars, highlighted by a most attractive matched set, with an AU50 1893-S certified by PCGS. The consignor's interest in rare coins was inspired by a close friend at his very first job, in a paper mill in Niagara Falls; his friend had the local Italian merchants putting aside old and odd coins for him, and he would share his latest finds with the consignor the next day! His pursuit of Morgans harkens back to the 1964 releases, when for two weeks, he received his paycheck in silver dollars. Later, when the CC hoard was released, he picked up additional specimens. He acquired his 1895-S Morgan by trading six rolls of circulated silver dimes during the Hunts' great run-up of silver. As the consignor achieved greater business success, he began to buy from the major dealers. His serious pursuit of higher quality Mercury dimes began in the nineties after decades of circulation collecting and trading. Incidentally, the collection is named after Petosky, the 250 million year old fossilized fresh-water coral that is the state stone of Michigan, and another collecting interest of the consignor."

Highlights of the Petosky Collection include:

• 1856 1C PR40 PCGS.
• 1916-D 10C MS63 PCGS.
• 1889-CC $1 AU53 PCGS.
• 1893-CC $1 MS63 PCGS.
• 1893-S $1 AU50 PCGS.
• 1903-S $1 MS64 PCGS.

"The consignor of the Sounder Collection began collecting coins more than 30 years ago in a somewhat typical fashion," said Rohan, "pushing coins into blue Whitman albums. After a 15-year hiatus, he returned to the hobby in 1999 and gravitated toward Registry quality coins. He first sought Walking Liberty half-dollars, and Proof coins of all denominations dated 1936 to 1942. His collection later expanded to include Proof examples of Lincoln cents and Buffalo nickels through 1916, and each reflects the consignor's dedication to building the highest quality Proof sets."

Highlights of the Sounder Collection of Proof Registry Sets include:

• 1911 1C PR66 Red PCGS.
• 1913 5C Type One PR68 NGC.
• 1936 5C Type Two--Brilliant Finish PR68 NGC.
• 1940 5C Reverse of 1940 PR68 PCGS.
• 1936 10C PR68 NGC.
• 1936 25C PR67 NGC.

"Dr. Stephen Winarick's interest in rare coins started at the age of nine," Rohan said, "when he accompanied his grandmother and aunt on an antiques shopping trip to Fonda, New York. Sitting at an antique desk in one shop, he opened the drawer and found two double eagles and a handful of Indian cents. The dealer sold him all the coins for $40. Dr. Winarick_s eye for quality also started at this young age, because when he returned home, he noticed that one of the Saints had a gash on the reverse, and he returned it to the dealer! He still has the other."

"After attending medical school," Rohan continued, "he sold his first collection, but never lost his interest in old coins. He started buying seriously again in 1989, and by the early 1990s, was focused on buying American gold coins. He especially liked the $2.50 and $5 Indians, completing both sets, and then began to pursue early gold. His eye for quality never dimmed, as will be apparent to anyone perusing these exceptional specimens."

Highlights of the Dr. Stephen Winarick Collection include:

• 1854 G$1 Type Two MS63 NGC.
• 1911-D $2 1/2 MS63 NGC.
• 1874 $3 MS63 PCGS.
• 1802/1 $5 MS61 NGC.
• 1809/8 $5 MS62 NGC.
• 1810 $5 Small Date, Large 5 MS60 PCGS.

Other featured consignments to the Palm Beach Signature Auction include the The Daniel D. Biddle Collection of Washington Quarter Registry Sets, The Ross Bailey Collection, and The New Zealand Collection.

Additional Auction highlights include:

• 1853 $20 MS63 NGC.
• 1862 $20 MS64 NGC. The Finest Known.
• 1792 H10C Judd-7, Pollock-7, R.4, MS63 NGC.
• 1919-D 50C MS65 PCGS Ex: Jack Lee Collection.
• 1796 $2 1/2 Stars MS62 NGC.
• 1796 $10 MS62 PCGS.
• 1920-S $10 MS65 NGC.
• 1889 $20 PR66 Ultra Cameo NGC.
• Complete Type Set of Commemoratives, MS63-66 PCGS.
• Complete Type Set of Commemoratives, MS66-67 PCGS.

Images, descriptions, and prices realized from all of Heritage's previous auctions are available in the Permanent Auction Archives at the Heritage website.

To purchase a catalog for any Heritage Auction, please contact Nicole Jewell at Heritage Numismatic Auctions, Inc., 3500 Maple Avenue, 17th Floor, Dallas, TX, 75219 or visit HeritageCoins.com to order by credit card.

For additional Heritage press releases, please visit http://www.heritagecoins.com/common/info/press/default.php.

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