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Press Release - May 6, 2014

Finest 1776 Continental Dollar In Silver Highlights Newman Collection Part IV At Heritage Auctions

Nearly 700 important U.S. Colonials coins May 16-17 in New York City

DALLAS — A 1776 Continental Dollar, the finest of only four silver Continental currency dollars known to exist from the birth of the American Republic headlines Selections from the Eric P. Newman Collection IV Signature┬« Auction May 16-17 at Heritage Auctions in New York. The nearly 700 lots of the most important U.S. Colonials offered in recent memory, many of them pedigreed to "Col." E.H.R. Green, gives collectors of all budgets a chance to own part of this long-held collection and an important piece of the nation's formative years. The auction takes place at the Fletcher-Sinclair Mansion, 2 E. 79th Street, at 5th Ave., following lot viewing at Heritage's Park Avenue offices, 445 Park Ave. at 57th St.

Today, nearly 103 years of age, Eric P. Newman is the foremost United States numismatic researcher and author who assembled one of the single finest collections of U.S. coinage ever seen. The first three parts of the famed numismatist's collection, auctioned in 2013, have realized more than $33 million, garnering international media attention.

"If there's ever a collection worthy of the Smithsonian it is the Eric P. Newman Collection of colonial coinage," said Jim Halperin, Co-founder of Heritage Auctions. "These early American coins comprise an important section of Eric P. Newman's incredible collection — not just for collectors but for our nation's history."

Leading the charge, the 1776 Continental Dollar, MS63 NGC, struck in silver rather than pewter is one of only two known of this variety, and the finest of just four known silver Continental Dollars. This discovery example of the Newman 3-D in silver, first came to the attention of U.S. collectors through a query in the January 1887 edition of the American Journal of Numismatics.

Students of numismatic and American history will recognize the 1783 '100' Unique Plain Edge Nova Constellatio 100 Units, Silver, AU55 NGC, as the first pattern coin issued by the newly independent United States, a forerunner of the decimal coinage's acceptance, first in America, then eventually by most monetary systems throughout the world.

Copper highlights include the 1737 Three Pence, Higley Copper, AU50 NGC, a high-grade specimen and one of the finest of all Higley Coppers known. The 1787 George Clinton Copper, MS63 Brown NGC, the finest-certified example of this rare classic is being offered at auction for the first time in more than a century. The 1787 Immunis Columbia Copper, AU55 NGC, large planchet, makes an appearance as one of the most important private-issue coins known to exist and one of four known overstruck on a New Jersey copper.

Among several standout early Colonials, the circa 1688 Newman 4-D American Plantation Token, MS63 NGC, one of only two known, was produced so early in our country's history that the denomination was valued as a fraction of the Spanish real rather than pence.

Additional featured lots include, but are not limited by:

(1652) 6PENCE New England Sixpence AU58 NGC, the finest of seven known examples of this iconic issue.

1792 P1C One Cent, Judd-1, Pollock-1, High R.6, MS63+ Brown NGC, the silver center cent. One of the earliest Philadelphia Mint pattern issues, it is our country's first bimetallic coin.

1792 P10C Copper Disme, Judd-10, Pollock-11, High R.6, AU55 NGC, not to be confused with the half disme, this specimen is among the small handful of survivors known today in grades approaching Mint State.

Eric P. Newman Numismatic Education SocietyItems being sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society's museum operations and scholarly numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.

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