Insights

Heritage Long Beach sale features U.S. coins

Live floor bidding begins Sept. 6 at 6:30 p.m. Pacific Time
By Erik Martin , Coin World
Published : 08/17/12
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A broad variety of U.S. coins will kick off Heritage Auctions’ Long Beach Auction scheduled for Sept. 6 to 9 at the Long Beach Convention Center, 100 S. Pine Ave., Long Beach, CA 90802.

The auction consists of five sessions. The first three sessions will have live floor bidding and feature U.S. coins ranging in denomination from copper half cents to gold $20 double eagles, with a few pioneer gold pieces also available.

Live bidding for Session 1, featuring Lots 3001 to 3881, will begin at 6:30 p.m. Pacific Time, on Thursday, Sept. 6.

Session 2, featuring Lots 3882 to 4478, commences at 2:30 p.m. PT the following day, Friday, Sept. 7. Lots 4479 to 5138 of the sale will be auctioned during Session 3 beginning that evening at 7:00 p.m. PT.

Bidding for Session 4 (Lots 7001 to 8858) and Session 5 (Lots 8859 to 10262) is only by Internet, fax and mail.

The auction begins with U.S. half cents. Of these, Lot 3361 is a 1793 Liberty Cap, Left half cent, graded as About Uncirculated 58 by Professional Coin Grading Service and as AU-55 by Early American Coppers.

The 1793 Liberty Cap half cent has a mintage of 35,334 coins. The Heritage Auctions catalog states of the offered piece: “Much of the reverse is covered in tiny rust pits, interpreted as a late die state by most students of the early coppers. The strike is bold and nicely centered with full beaded borders on each side. A trace of wear appears on the high points, and minuscule rim nicks and other marks are evident on the light olive surfaces. Faint splashes of steel-blue and pale blue-green are evident.”

PCGS has graded 16 1793 Liberty Cap half cents graded AU-58, and a total of only 20 coins graded higher. Numismatic Guaranty Corp. has graded 15 pieces as AU-58, with only 14 total examples possessing higher grades.

At the other end of the denominational spectrum is Lot 5077, featuring an 1885 Coronet gold $20 double eagle, graded Mint State 61 by PCGS.

The 1885 double eagle is one of the lowest-mintage, circulation-strike Coronet $20 coins, with a mintage of 751 strikes.

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