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Press Release - February 25, 2002

Heritage Auctions More Than $5 Million at Long Beach

Dallas, TX -- Heritage Numismatic Auctions, Inc., the official auctioneer of the February Long Beach Coin Expo, auctioned more than $4.5 million in its five-session Signature Sale. The 1,714-lot, Internet-only Bullet garnered a further $513,400 in successful bids.

Greg Rohan, Heritage’s Executive VP, was particularly impressed with the prices generated by those collectors striving to complete PCGS Registry Sets. “We witnessed spirited bidding on the coins in the Joe LaBute Collection, which was once listed as the number two Lincoln Cent set on the PCGS Registry. Take for example the 1929-D MS66 PCGS example in this collection, which realized $2,300 even though the current Coin World Trends price is $600. A key date 1909-S VDB Cent certified MS66 Red by PCGS also surpassed the Trends value of $5,000 when it traded hands for $7,763, and the single finest certified 1939 Cent, graded MS68 Red by PCGS (http://www.heritagecoin.com/hnaiphoto300.asp?284088001), sold for $6,038. The only brilliant proof 1936 Lincoln Cent with a cameo finish certified by NGC and PCGS realized a noteworthy $17,250. The coin was graded PR66 Cameo PCGS (http://www.heritagecoin.com/hnaiphoto300.asp?284094001).”

“Lincoln Cents were not the only 20th century series to perform well at Long Beach,” continued Rohan. “Washington Quarters realized some impressive prices, due in no small part to the popularity that the series has achieved thanks to the Mint’s ongoing Statehood Quarter program. An MS65 PCGS 1932-D garnered $14,950, and a similarly graded 1932-S auctioned for $7,188. The first-year 1932-D and 1932-S are widely recognized as keys to this series. A semi-key 1936-D graded MS66 PCGS traded hands for $4,140, or $1,600 more than the current Coin World Trends value, an MS67 PCGS 1937-S brought the same price, and a pair of 1946-S examples certified MS67 PCGS sold for $2,645 each. Our catalogers noted that the final two coins were spectacularly toned.”

According to Bob Korver, Heritage’s Director of Auctions: “A fabulous collection of Gold Dollars consigned by a Financial Institution anchored the gold offerings in this sale. Offered as lot 6684, an 1863 MS66 PCGS realized a strong $23,000, and a desirable 1870-S that PCGS graded MS66 sold for $29,325. The 1870-S is the finest certified example of this low mintage issue in today’s market.”

“We had numerous coins bring multiples of their CDN bid,” stated Korver. “Many of these coins were included in Part Three of the Ric Leichtung Collection, such as a 1936 Cleveland Commemorative Half Dollar MS66 NGC that traded hands for $6,038, or 1018% more than the CDN bid of $540. At $1,955, an MS66 PCGS specimen of the 1935/34-S Boone Commem sold for 822% more than the CDN bid, and a 1936-S Cincinnati Half MS66 PCGS realized 344% more than CDN when the winning bidder paid $5,463.”

Noted Rohan: “Several classic rarities in U.S. numismatics were represented in our most recent Long Beach Signature Sale. With just five examples known, the 1873-CC No Arrows Seated Quarter is certainly included in this group. The XF40 NGC (http://www.heritagecoin.com/hnaiphoto300.asp?284105002) coin that we offered as lot 5588 went to a new owner for $79,350. An MS61 Brown 1793 Straight Cap Half Cent traded hands for $25,300. This NGC-certified specimen was an example of the B-3 die marriage. A low mintage 1916 Standing Liberty Quarter graded MS64 Full Head by NGC sold for $24,150-significantly more than the current Trends value of $12,000. And a first-year 1794 Flowing Hair Dollar VF20 ANACS (http://www.heritagecoin.com/hnaiphoto300.asp?284011048) brought a solid $48,300.”

Prices Realized are posted online at the Heritage website, http://www.HeritageCoin.com.

Additional Highlights

  • 1652 Pine Tree Shilling, Large Planchet AU50 PCGS. Noe-1. Realized $6,325.
  • 1794 Flowing Hair Half Dollar VF35 NGC. O-101. From the Ohio Collection. Realized $9,200.
  • 1796 Draped Bust, Small Eagle Half Dollar Fine 12 PCGS. 15 Stars. O-101. From the Ohio Collection. Realized $20,700.
  • 1797 Draped Bust, Small Eagle Half Dollar VF25 PCGS. From the Ohio Collection. Realized $26,450.
  • 1795 Flowing Hair, Two Leaves Silver Dollar AU50 PCGS. B-1. From the Ohio Collection. Realized $15,525.
  • 1799 Silver Dollar MS61 NGC. B-9. Realized $14,950.
  • 1864 Gold Dollar MS68 PCGS. Consigned by a Financial Institution. Realized $21,850.
  • 1894 Liberty Quarter Eagle PR65 PCGS. Realized $13,225.
  • 1871 Three Dollar MS64 PCGS. Realized $11,213.
  • 1867 Liberty Half Eagle PR64 Cameo NGC. Realized $26,450.
  • 1914 Indian Half Eagle PR65 PCGS. Realized $39,100.
  • 1907 Wire Rim Indian Eagle MS66 PCGS. Realized $42,550.
  • 1914 Indian Eagle PR64 PCGS. Realized $29,900.
  • 1861-O Liberty Double Eagle AU58 NGC. Ex: Pittman. Realized $29,900.
  • 1914 Saint-Gaudens Double Eagle PR65 PCGS. Realized $50,600.
  • 1900 Lafayette Dollar MS65 PCGS. From the Ric Leichtung Collection. Realized $10,350.
  • 1921 Alabama Half Dollar MS66 PCGS. From the Tom Valos Collection. Realized $5,060.
  • 1893 Columbian Half Dollar MS66 PCGS. From the Ric Leichtung Collection. Realized $6,900.
  • 1922 Grant Half Dollar MS66 NGC. From the Tom Valos Collection. Realized $5,060.
  • 1915-S Panama-Pacific Half Dollar MS66 PCGS. From the Tom Valos Collection. Realized $5,463.
  • 1920 Pilgrim Half Dollar MS66 PCGS. From the Ric Leichtung Collection. Realized $2,760.
The Heritage name is recognized worldwide for bringing unparalleled value to every consignor and bidder. Year 2001 sales exceeded $150 million and assets were approximately $30 million. HeritageCoin.com is the Internet's most popular and highly trafficked rare coin site, with over 46,000 registered members. http://www.HeritageCoin.com is the only coin site chosen twice by Forbes Best of the Web (1999 and 2001) as one of the 250 best websites on the Internet, and also won the most recent Numismatic Literary Guild award for Best Numismatic Internet Site.

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