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Heritage schedules Dallas sale

NN1024Heritage.jpgA 1776 Continental dollar, a pair of Saint-Gaudens double eagle highlights and more will be offered by Heritage Auction Galleries in a sale of U.S. coins Oct. 24-25.
The Continental dollar, graded MS-64 by Professional Coin Grading Service, is among the finest known examples of these post-Colonial strikes, which may have been patterns, Heritage catalogers said, basing this comment in part on the pewter composition.
The obverse design was based in part on sketches by Benjamin Franklin, who also designed the linked rings on the reverse. Catalogers report the population of these pieces as nine in MS-64 with two graded finer.
Early American coin rarities include a 1793 AMERICA Chain cent and a 1796 quarter.

?Heritage?s Dallas Signature Auction also contains a fabulous assortment of rare gold as well as significant rarities in other series that will be popular with all categories of collectors,? said Heritage president Greg Rohan.
Two Saint-Gaudens double eagles stand out among gold coin highlights. They are a 1921 graded MS-63 by PCGS and a 1932 in PCGS MS-65.
?Both the 1921 and 1932 Saints are survivor rarities. Despite relatively high initial mintages, most of the coins struck were melted, leaving few examples for specialists to pursue,? said Rohan.
?With initial mintages of approximately one-half million and one million, respectively, only around 100 examples of each date survive today. These rarities demonstrate the meaninglessness of original mintage figures.?

The 1921 Saint-Gaudens had a mintage of 528,500. Catalogers noted that it was the only gold coin struck by the U.S. Mint that year, and that none were exported for international trade or circulated within the United States. The end of World War I led into a general deterioration of economic conditions that had become evident by the spring of 1920, they said. Many remained in Treasury and bank vaults and were melted after the 1933 gold recall order.

Catalogers said about 40-60 may exist today in Mint State condition.
As for the 1932 double eagle, there was little call for gold in circulation at the time, and the recall order of 1933 eliminated any unissued supplies. Fewer than 100 are probably in existence in Mint State, fewer above MS-64.

The Dallas Signature Auction, at Heritage?s world headquarters in Dallas, Texas, contains 3,693 lots, and the online session contains an additional 3,920 lots.
Rohan said that more than 400 consignors contributed to these two auctions.

All lot descriptions and illustrations can be viewed online at www.HA.com.
Anchor consignments include The Antigo Collection, Part Two; The Catfish Creek Collection, Part Two; The Hamburg-Sonoma Collection; The Clifton Rodenburg Collection; and The Tide Collection.

The sale will take place at Heritage?s Dallas world headquarters.
For a sale catalog, contact Nicole Jewell, c/o Heritage Auction Galleries, 3500 Maple Ave., 17th Floor, Dallas, TX 75219; telephone (800) 872-6467, ext. 272. 

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