Insights

Heritage to conduct summer FUN convention auction

U.S. coins, more offered in July 12 and 13 sale in Orlando
By , Coin World
Published : 06/21/12
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More than 2,200 lots of Colonial coins, United States coins from half cents through gold $20 double eagles and more will be offered in three public sessions July 12 and 13 by Heritage Auctions in conjunction with the summer convention staged by Florida United Numismatists in Orlando.

The auction’s offerings will include U.S. patterns, pioneer gold, silver and gold commemorative coins, early Proof sets, coins of Hawaii, medals and tokens, and error coins.

Among the highlights in the auction are a 1776 Continental Currency dollar, with CURRENCY spelling in the inscription; a 1795 Flowing Hair, Three Leaves silver dollar; an 1854 Indian Head gold dollar; an 1848 Coronet, CAL. gold $2.50 quarter eagle; and a 1799 Capped Bust, Heraldic Eagle, Small Stars gold $5 half eagle.

The 1776 Continental Currency dollar in the auction is the Newman 2-C variety (1776 Continental Currency Coinage & Varieties of the Fugio Cent by Eric P. Newman). The coin, in pewter, Lot 3008, is graded and encapsulated About Uncirculated 55 by Professional Coin Grading Service.

According to the auction lot description, “Little evidence exists of the history of the Continental Currency coins, although it is certain that they were struck in 1776 as the dates suggests.”

Numismatic researcher Michael Hodder believes the Continental Currency coins were produced in the late summer of 1776 in New York before British capture of the city in September.

“It is thought that these pieces were made to replace the paper dollar, and in fact, the New York paper money issue of August 13, 1776, omitted that denomination,” according to the auction lot description.

Graded Mint State 61 by Numismatic Guaranty Corp., the 1795 Flowing Hair, Three Leaves silver dollar in the auction is the BB-27 variety (Silver Dollars & Trade Dollars of the United States, A Complete Encyclopedia by Q. David Bowers, with Mark Borckardt), Lot 3806.

The coin is from the most common of the 1795 dollar die marriages. Still, the coin is attractive to type collectors whether or not they pursue subvarieties such as the Two Leaves or Three Leaves coins. The other five known Three Leaves die marriages are all rarer than the BB-27 variety.

Stickered by Certified Acceptance Corp. for being superior within the grade, the PCGS MS-66 1854 Indian Head gold dollar, Lot 4660, represents the beginning of an attempt by Chief Engraver James B. Longacre to rectify problems associated in 1849 with the introduction of the Coronet gold dollar. Among the problems, its small size and light weight resulted in the gold dollar being easily lost.

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