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Heritage puts dollars in spotlight

Featuring a headline making 1804 silver dollar to a $25 million anchor collection to two heartwarming lots bequeathed by a grandmother to a grandson, the official Central States Numismatic Society convention auction will be held April 29-May 3 in Cincinnati by Heritage Auction Galleries .

The Adams-Lyman-Carter-Flannagan Specimen of the 1804 dollar will headline Heritage’s Platinum Night. It is one of six known Class III pieces.

It is graded AU-58 by the Professional Coin Grading Service and Heritage says it is the finest of the three examples not in museum collections.

It came on the market in a private treaty sale brokered by Heritage in 2006. Then it sold for $2,475,000.

The Joseph C. Thomas Collection will serve as the anchor collection. It is comprised of more than 750 numismatic rarities. Heritage says they will be sold without reserve. These coins also will be sold on Platinum Night.

Among the top rarities in this collection are other silver dollars.

The McCoy specimen 1794 Flowing Hair silver dollar, which grades AU-55 by Numismatic Guaranty Corp. will start off the dollar denomination.

Another cartwheel highlight is an example of the collector-only 1882 Trade dollar. It grades Proof-67 ultra cameo, according to NGC.

Other high-grade Trade dollars include a Proof-67 cameo 1879 and an MS-64 1874-CC.

A key Morgan silver dollar rarity, the proof-only 1895 grades Proof-64, according to the Professional Coin Grading Service.

The 1893-S grades PCGS AU-50. The 1934-S Peace in NGC MS-66 is from the Foxfire Collection.

The heartwarming story comes from the  paper money portion of the auction.

The story centers on the only known Serial Number 1 Bicentennial $2 Federal Reserve star note. This and a San Francisco District Serial Number 2 note had been  put away by the consignor’s grandmother from a Bank of America branch in Oakland, Calif., according to Heritage.

She went in with the express purpose of obtaining a couple of the newly issued $2 Bicentennial notes for her grandson’s budding coin and currency collection. She succeeded far more than she ever knew
Heritage said the notes were placed in an envelope and forgotten until more than three decades later when that same grandson discovered the envelope.

Each of the two notes has one light storage fold. Each piece is graded Choice About Uncirculated 58 EPQ (Exceptional Paper Quality) by PMG. The pre-sale estimate for the Serial Number 1 example is $20,000-$30,000.

For more information, visit the Web site at the www.HA.com, or telephone toll-free (800) 872-6467.

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