Heritage Nov. 2 U.S. Coin Auction Features Mike Coltrane Collection Rarities

16

A magnificent 1792 Washington President Cent is arguably the top draw in Heritage Auctions’ Estate of Mike Coltrane Collection of U.S. Coins Signature® Auction Nov. 2.

1792 Washington President Cent, XF40, CAC
1792 Washington President Cent, XF40, CAC

All 86 lots in the event are from the collection of Coltrane, who died in January.

"Mike’s interest in numismatics mirrors his career in banking, and is reflected in this extraordinary collection," says Jim Halperin, Co-Founder of Heritage Auctions. "His interests ranged from Federal coppers to Territorial gold issues, all represented in this auction. It even includes a specialized collection of historic North Carolinian bank letters and deposit records, many of which are related to the Charlotte Mint and gold bullion receipts. Every lot in this auction merits the attention normally afforded to trophy pieces."

The 1792 Washington President Cent, XF40, CAC is one of the most memorable and important Colonials that one was a part of the collection of Eric P. Newman. Featuring the "T" below Washington’s shoulder, this is a singular piece that holds considerable historical significance. There are two major types of the Washington President cents distinguished by their reverses, featuring either the eagle and 13 stars that appear on this example or the General of the American Armies. Many subscribe to the traditional viewpoint that these pieces are closely related to the 1791 Large Eagle and Small Eagle cents.

A 1786 Maris 18-M New Jersey Copper is being offered publicly for just the third time in the last century. Featuring the famous "Bridle" crack connecting the tips of the horse’s nose and trunk is only slightly visible on this early die state, it is the single finest New Jersey copper, this piece is the only MS66 NGC coin with none finer (8/22).

1786 Maris 18-M New Jersey Coppe
1786 Maris 18-M New Jersey Copper

A 1788 New Jersey Copper, MS63 Brown is the finest known Maris 50-f and the only Mint State Head Left Copper. So immaculate are the fields that the Garrett cataloger described the piece as "Prooflike Uncirculated," a bold statement for any Confederation-era copper. This coin, then owned by Albany numismatist John G. Mills, was sold by the Chapman brothers with the rest of his collection in 1904. The Mills sale was the first auction in which Robert Garrett, son of T. Harrison Garrett and brother of John Work Garrett, participated. While this coin is recorded as having been bought at the auction by the Chapmans themselves for $38, a handwritten note in their bid book states, "Sold Garrett $45," indicating that it was sold directly to Robert Garrett after the sale and not to James Ellsworth. From Robert, the collection passed to his brother John Work Garrett, and thence to Johns Hopkins University, remaining there until the 1980 Bowers & Ruddy sale.

1788 New Jersey Copper, MS63 Brown
1788 New Jersey Copper, MS63 Brown

A beautiful, octagonal 1852 Assay Office Fifty Dollar, AU55+, CAC is a prime example of the Augustus Humbert United States Assay Office fifties that are icons of American coinage. They originally were introduced in 1851, and various iterations of the octagonal design were manufactured through 1852. The K-13 variety is struck in .887 fine gold and features UNITED STATES ASSAY OFFICE OF GOLD SAN FRANCISCO CALIFORNIA around the obverse border.

1852 Assay Office Fifty Dollar, AU55+, CAC
1852 Assay Office Fifty Dollar, AU55+, CAC

The 1788 Miller 9-E Connecticut Copper, MS63 Brown offered in this auction is likely the finest known of this die pairing. The only piece that comes close is the heavily flawed Ford coin that appeared as part of the Robert Martin Collection, and is graded MS61 Brown NGC. Like most examples, the offered coin is imperfectly centered.

1788 Miller 9-E Connecticut Copper, MS63 Brown
1788 Miller 9-E Connecticut Copper, MS63 Brown

Another Washington cent in the auction is a virtually flawless 1792 Getz Pattern Cent, AU53 that is No. 17 in George Fuld’s Condition Census of the copper Getz patterns. This coin from the Donald G. Partrick Collection is the largest diameter and second-heaviest example of any recorded Getz pattern in copper or silver. Heritage Auctions experts know of 83 distinctively different Getz patterns; the offered example is the only one with coin-turn die alignment.

1792 Getz Pattern Cent, AU53
1792 Getz Pattern Cent, AU53

A 1797 C-1, B-1 Half Cent, MS65★ Brown, CAC is immediately identifiable by the misplaced "1" that is too close to the bust. This piece is arguably the finest surviving example from these dies and it is visually finer than the Missouri Cabinet coin that was struck over a Talbot, Allum & Lee token and described as possibly the finest known.

1797 C-1, B-1 Half Cent, MS65 Star Brown, CAC
1797 C-1, B-1 Half Cent, MS65 Star Brown, CAC

Lot viewing is available in Dallas by appointment through Nov. 2.

Images and information about all lots in this auction can be found at HA.com/1350.

About Heritage Auctions

Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, Chicago, Palm Beach, London, Paris, Geneva, Brussels, Amsterdam and Hong Kong.

Heritage also enjoys the highest Online traffic and dollar volume of any auction house on earth (source: SimilarWeb and Hiscox Report). The Internet’s most popular auction-house website, HA.com, has more than 1,500,000 registered bidder-members and searchable free archives of five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.

Subscribe
Notify of
guest

16 Comments
Inline Feedbacks
View all comments
Antonio

Nice tokens! I really like the first one and the first New Jersey shown is quite possibly magnificent. I only have a North American Token dated 1781 (probably minted in the 1820s) and it’s quite worn and has a hole in it. Other than that, I have a few, probably common, Civil War tokens. Quite a nice selection being auctioned.

Antonio

To give a better idea of the 1797 C-1, B-1 Half Cent. A magnificent example.

lf.jpg
Kaiser Wilhelm

Antonio, it appears you were already acquainted with this niche of early American minting. Your comments added to my understanding of what is being presented here.

Last edited 1 month ago by Kaiser Wilhelm
Kaiser Wilhelm

I had never even heard of any of these very “different” and truly impressive coins before, so this was a fine mini-tutorial regarding some unique early American coinage. Perhaps “tutorial” would be an exaggeration; suffice it to say it was a great introduction.

Last edited 1 month ago by Kaiser Wilhelm
Antonio

The Guidebook of United States Coins (Red Book) is a great guide, in my opinion, to these coins. You can read it at your local book store, in the hobby section. I find it an invaluable tool and it has a nice section on these coins. Some libraries may have a copy as well.

rb21v-wc.jpg
Kaiser Wilhelm

Thanks for the advisory, Antonio; much appreciated, as always. I will definitely take a look at this reference material the next time I’m at the nearby Town Library.

Dazed and Coinfused

I thought of getting one, but if it’s like a baseball card price guide then a large part of it is useless. Also there is a blue volume too. The red is for collectors, while the blue works in favor of the buyers why they can’t hit tab and list prices side by side I don’t know does it feature a pic of every coin, or are many types left blank with just population numbers with a low ball grading price and exponentially higher graded series.

Kaiser Wilhelm

Dazed and Coinfused,
The way I understand how this works from reading your comment is that the Red Book has the prices a collector would likely have to pay for the coins to dealers while the Blue Book lists what amount the dealers are willing to pay to collectors who want to sell their coins to them. According to that scenario I can understand why the books aren’t issued as one since the prices in each are only relevant to either the dealer or the collector, not both.

Dazed and Coinfused

I’d rather have the Roscoe P. Coltrane collection

Kaiser Wilhelm

My preference is the John Coltrane collection…

OIP.jpg
Antonio

I’m in agreement with you on that one. Also, not as expensive.

ab6761610000e5eb73c7f7505c1af82929ec41df.jpg
Kaiser Wilhelm

And to think, Antonio, that he was effectively self-taught and only lived to the age of forty and yet became one of the greatest innovators of and influences on not only jazz but American music in general. We are extremely fortunate that from time to time such people walk among us.

3db63331f4103857ddfd4259b4781589.jpg
Antonio

There’s a church of John Coltrane in San Francisco.

John-Coltrane-image-643x1024.jpg
Kaiser Wilhelm

Join that up with San Francisco’s City Lights Books of Lawrence Ferlinghetti fame and you’ve got quite the ambience.

1950-Storefront2-scaled.jpg
Antonio

San Francisco is known for that.

church-of-st-john-coltrane.jpg
Kaiser Wilhelm

And so much more: the Golden Gate and very steep streets and…

fisherman-s-wharf-with.jpg