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Press Release - October 1, 2002

Heritage Numismatic Auctions Sets Multiple Records in $9 Million Signature and Bullet Auctions in Long Beach

Dallas, Texas: Heritage's official three-day auction of the September 2002 Long Beach Coin Expo, hosted by Heritage, realized $8,321,240. The Signature Sale, 4658 lots strong, enjoyed more than 1500 Internet bidders, and an astonishing two-thirds of all successful bidders came through the Web. Heritage's Internet Bullet auction, which closed September 30 after viewing at Long Beach, realized an additional $764,356. In total, the Heritage auctions realized nearly $9.1 million with 6,392 lots sold.

According to Heritage's Director of Auctions Bob Korver, "It is always exciting when the enthusiastic floor bidders at the Long Beach Expo go head-to-head with our strong Internet bidders. We saw the Internet demand growing stronger with every auction, and we expect to see more auctions in the future with the majority of bidders coming through our exclusive Interactive Internet.?"

"As we have been witnessing in our recent auctions," continued Korver, "record prices are being paid for twentieth century coins as the demand for Registry-level coins continues. Lot 5632, the sole 1955-S Lincoln cent in the lofty grade of MS68 Red by PCGS, realized an amazing $7,475 - multiples any previous record price (and a coin not "valuable" enough to warrant a bid listing on the ?Sheets). Lot 6394, a 1935-D Mercury Dime graded MS67 FB by NGC, realized $7,475 versus a CCDN bid of $1,400. Lot 6754, a 1943-D Washington Quarter graded MS67 by PCGS, realized an incredible $7,475. Lot 6766, a 1936 Washington Quarter graded PR67 NGC, realized $10,925."

"Bidding activity was especially intense for the Territorials from the Estate of long-time dealer Jack L. Klausen," noted Heritage Executive VP Greg Rohan. "From the attention these historical coins attracted during lot viewing in Dallas, we knew that the market was truly excited about these fresh pieces. Among the highlights:

Lot 9008, unique 1861 Clark, Gruber & Co. $20 struck over an 1853 U.S. Assay Office $20, MS62, realized $66,125
Lot 9017, (1849) Miners Bank, $10 struck in Silver Alloy, AU50, realized $27,600
Lot 9018, (1849) Miners Bank, $10 struck in Copper Alloy, AU58, realized $43,700
Lot 9027, 1849 Mormon $5, XF45, realized $21,275
Lot 9028, 1850 Mormon $5, XF45, realized $20,700
Lot 9029, 1860 Mormon $5, AU58, realized $56,350
Lot 9030, 1849 Norris, Gregg, & Norris $5, Plain Edge, AU55, realized $23,000
Lot 9032, 1849 Oregon Exchange Co. $5, XF40, realized $36,000
Lot 9033, 1849 Oregon Exchange Co. $10, XF40, realized $126,500
Lot 9036, 1855 Wass Molitor $20, Small Head, VF25, realized $29,900
Lot 9038, 1855 Wass Molitor $50, XF40, realized $40,250

In the California Fractional gold series, Lot 9059, an 1872 25¢ Washington Octagonal BG-723, graded AU58 by PCGS, realized $4,200 in competitive bidding."

"Early Dollars from the Albany and Sadowski collections," continued Korver, "also attracted substantial interest and spirited bidding. Of special interest was the pair of 1794 Dollars, a key coin for all American collections. Among these highlights:

Lot 7732, 1794 Dollar B-1, VF25 PCGS, realized $60,375
Lot 7733, 1794 Dollar B-1, VF30 PCGS, realized $92,000
Lot 7827, 1799 Dollar B-16, MS62 PCGS, realized $20,700

For a complete list of prices realized in the Sept. 2002 Long Beach Signature Sale, visit the Heritage website at

Additional Highlights
Lot 5057, 1793 Half Cent B-2 C-2, AU58 NGC, realized $21,850
Lot 5243, 1857 Flying Eagle Cent, PR65 PCGS, realized $21,850
Lot 6469, 1807 Quarter B-1, MS64 PCGS, realized $20,700
Lot 6477, 1838 Quarter No Drapery, MS65 PCGS, realized $34,500
Lot 6606, 1916 Standing Liberty Quarter, MS66 NGC, realized $22,245
Lot 6640, 1918/7-S Quarter, MS63 PCGS, realized $21,275
Lot 6679, 1926-D Quarter, MS65 FH PCGS, realized $18,400
Lot 6779, 1795 Half Dollar O-116, MS62 PCGS, realized $43,700
Lot 6855, 1855/54 Arrows Half Dollar, PR64 PCGS, realized $25,300
Lot 6996, 1913 Barber Half Dollar, PR68 Cameo NGC, realized $19,550
Lot 7050, 1921-S Half Dollar, MS64 PCGS, realized $32,200
Lot 7216, 1859 Dollar, PR67 NGC, realized $48,875
Lot 7222, 1866 Dollar With Motto, PR67 NGC, realized $23,575
Lot 7225, 1873 Dollar, PR66 NGC, realized $19,550
Lot 7282, 1879 Trade Dollar, PR67 Cameo PCGS, realized $32,200
Lot 7521, 1892-S Morgan Dollar, MS63 PCGS, realized $40,250
Lot 7659, 1895 Morgan Dollar, PR67 NGC, realized $42,550
Lot 7661, 1900 Morgan Dollar, PR68 Cameo NGC, realized $23,000
Lot 7882, 1856 Proof Set, 9 pieces, realized $44,850
Lot 8005, 1864 $2.50, AU58 NGC, realized $20,700
Lot 8046, 1911-D $2.50, MS64 PCGS, realized $21,850
Lot 8137, 1842-C $5 Small Date, AU58 NGC, realized $39,100
Lot 8304, 1795 $10, 13 Leaves, AU55 PCGS, realized $31,050
Lot 8599, 1920-S $10, MS63 PCGS, realized $25,875
Lot 8887, 1907 High Relief $20, Wire Rim, MS66 PCGS, realized $57,500
Lot 8889, 1907 High Relief $20, Flat Rim, MS66 PCGS, realized $44,850
Lot 8890, 1907 High Relief $20, PR64 NGC, realized $25,300
Lot 9460, 1864 Three Cent Silver in Nickel, J-377, PR64 PCGS, realized $20,700

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