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Old 07-26-2018, 12:50 PM
barrysloate barrysloate is online now
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Default Incredible Piece of History Being Auctioned by Heritage

Even if you are not a coin collector and have no interest in them, Heritage is currently auctioning one of the most incredibly rare and historic coins I have ever seen, in their August 14-19 Platinum Coin Sale, Lot #5010. There is so much documentation on this coin that it would take you the better part of an hour just to read Heritage's description.

The coin was the centerpiece of the Eric P. Newman collection, who died last year at the age of 106. He's owned the coin since 1942, and it last appeared in auction in 1890.

If you love great historical items it's certainly worth a look, and if somebody could post a picture of the front and back I would appreciate it, since I don't know how. Thank you.

Last edited by barrysloate; 07-26-2018 at 12:51 PM.
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Old 07-26-2018, 01:26 PM
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Quite a piece. Fifty four pages, including bibliography, of information about the coin. I personally, would like the Confederate half dollar. I have seen several of the genuine Confederate coins available over the years, but could never afford them. I stuck with currency and some stamps, all now long gone.

Here is the link:

https://www.ha.com/information/eric-newman-1792-coin.s
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Old 07-26-2018, 02:11 PM
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Most of the remaining Confederate half dollars are restrikes. I believe there are only four originals, and Newman had one of them. And thanks for the link.
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Old 07-26-2018, 02:18 PM
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Quote:
Originally Posted by barrysloate View Post
The coin was the centerpiece of the Eric P. Newman collection, who died last year at the age of 106. He's owned the coin since 1942, and it last appeared in auction in 1890.
What auction houses were around in 1890?
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Old 07-26-2018, 03:32 PM
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Coin auctions started to appear as early as the 1850's, and were prevalent in the late 1800's. Usually it was a single proprietor or family who ran them. Among the famous late 19th century numismatic auctioneers were the Chapman brothers. Coin collecting is a very old hobby (and could probably use an extra shot of oxygen today).

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Old 07-26-2018, 05:23 PM
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Most of the remaining Confederate half dollars are restrikes. I believe there are only four originals, and Newman had one of them. And thanks for the link.
There are the 12 or so original Confederate pennies along with the 1861 New Orleans coins which fall within the category. The M.F. Beirn Magnolia Hotel Civil War token uses the same obverse die used in the Confederate penny. The engraver, Robert Lovell lived in Philadelphia when he was contacted by the C.S. government to produce the penny which he later used for the token. The token has been nicknamed the 'Poor man's Confederate cent'.
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Old 07-26-2018, 05:23 PM
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Old 07-26-2018, 07:47 PM
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This coin was presented by the engraver to George Washington as a prototype for the first gold coin ever to be minted in America. Washington of course rejected it, as he did not believe a living president of a democratic nation should have his portrait on a coin. He liked it well enough, however, to carry it around as a pocket piece. Even though it exhibits wear it never circulated, it just jiggled in his pocket over a period of time.

When Washington died in 1799, he was no longer in possession of it. He must have given it to somebody else, but nobody knows to whom. The coin has been exhaustively researched by numerous scholars, and has been in Newman's collection for the past 75 years (he collected coins for 99 years).

I don't have any idea what it will sell for, but I am guessing $3 million, maybe more. And thanks Bob for the photos.

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Old 08-19-2018, 03:23 PM
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Sold for $1,740,000.
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Old 08-19-2018, 05:07 PM
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Sold for $1,740,000.
So does that make it among the most expensive coins to have sold?
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