Selections from the Eric P. Newman Collection, Part II

2013·34.1 MB·English

by  Heritage Auctions

u.s. coin auction
november 15-16, 2013 ❘ new York
selections from the
eric P. newman collection Part ii
Items being sold are from the extensive collection
of Eric P. Newman Numismatic Education Society
(a Missouri not-for-profit corporation) and
have been assembled over a period of 90 years. cover coin lot key
Proceeds of the sale of all items will be used front cover lots: back cover lots: inside front cover lot:
33322, 33327, 33334, 33331, 33313, 33502, 33499
exclusively for supplementing the Society's
33348, 33361, 33420, 33504, 33405, 33419,
museum operations and scholarly research
33423, 33461, 33477, 33501, 33505, 33510, inside back cover lot:
efforts and for the benefit of other not-for-
33506, 33508, 33511, 33515, 33514, 33512, 33503
profit institutions selected by Eric P. Newman
33516, 33526 33498, 33500, 33359,
Numismatic Education Society for public purposes. 33436
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U.S. Coin Auction #1190
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LOT NO. AMOUNT LOT NO. AMOUNT LOT NO. AMOUNT
REV. 7-30-13
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LOT NO. AMOUNT LOT NO. AMOUNT LOT NO. AMOUNT
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Heritage Signature® Auction #1190
Selections from the
Eric P. Newman Collection Part II
November 15-16, 2013 | New York
Signature® Floor Sessions 1-3 PrELIMINAry LOT VIEWING
(Floor, Telephone, HERITAGE Live!,® Internet, Fax, and Mail) By appointment only - Please contact Roy Porras at
2 E. 79th Street • New York, NY 10075 [email protected] or 214-409-1295 to schedule an appointment.
(Ukrainian Institute of America at the Fletcher-Sinclair Mansion) Full preview:
Wednesday, October 9 – Friday, November 1
9:00 AM – 6:00 PM CT
Session 1
Heritage Auctions, Dallas • 17th Floor
Friday, November 15 • 12:00 PM ET • Lots 33001-33295
3500 Maple Avenue • Dallas, TX 75219
Session 2 - PLATINUM NIGHT Highlights only:
Friday, November 15 • 6:00 PM ET • Lots 33301-33526 Thursday, November 7 – Friday, November 8
9:00 AM – 6:00 PM ET
Session 3 Baltimore Winter Expo
Saturday, November 16 • 12:00 PM ET • Lots 33527-33921 Baltimore Convention Center • Heritage Booth #153
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Saturday, November 16 • 4:00 PM CT • Lots 34001-34911
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NYC Auctioneer licenses: Samuel Foose 0952360; Robert Korver 1096338; Kathleen BIDDING METHODS:
Guzman 0762165; Michael J. Sadler 1304630; Scott Peterson 1306933; Andrea Voss ® Bidding
1320558; Nicholas Dawes 1304724; Ed Beardsley 1183220; Clinton Swett 1407750.
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30059
U.S. Coin Specialists
Steve Ivy
CEO
Co-Chairman of the Board
David Mayfield Jim Stoutjesdyk
Vice President, Vice President,
Numismatics Numismatics
Jim Halperin
Co-Chairman of the Board
Greg Rohan
President
Paul Minshull
3500 Maple Avenue • Dallas, Texas 75219
Chief Operating Officer
Phone [phone] • 800-USCOINS (872-6467)
HA.com/Coins
Consignment Directors: David Mayfield, Win Callender, Chris Dykstra, Mark Feld, Jason Friedman,
Joel Gabrelow, Sam Foose, Jason Henrichsen, Jim Jelinski, Jacob Leudecke, Bob Marino, Brian
Mayfield, James Mayer, Al Pinkall, Robert Powell, Beau Streicher
Cataloged by: Mark Van Winkle, Chief Cataloger
Todd Imhof
Mark Borckardt, Senior Numismatist; John Dale Beety, Dave Stone, Brian Koller, George Huber,
Executive Vice President Jon Amato, Kathy Lawrence, Bill Bugert, W. David Perkins, Denis Loring and Sheridan Downey
Dear Bidder:
Welcome to this special catalog of selections from The Eric P. Newman Collection Part II. Items
being sold are from the extensive collection of the Eric P. Newman Numismatic Education Society
(a Missouri not-for-profit corporation) and have been assembled over a period of 90 years.
Proceeds of the sale of all items will be used exclusively for supplementing the Society’s museum
operations and scholarly numismatic research efforts and for the benefit of other not-for-profit
institutions selected by Eric P. Newman Numismatic Education Society for public purposes.
Our April 2013 offering of Part I of The Eric P. Newman Collection broke new ground with the
first U.S. Assay Office piece to sell for more than a million dollars at auction, and a fine array of
U.S. patterns. In this catalog for Part II, you will find more than 1800 lots of U.S. coinage ranging
from a Platinum Night session containing some of the most exquisite early silver coinage in
recent memory, much of it pedigreed to “Col.” E.H.R. Green, to quality 20th century coinage in
a Non-Floor Session that will give collectors of all budgets a chance to own part of this long-held
collection.
Eric P. Newman acquired a remarkable 1796 quarter from the “Col.” Green estate. Representing
the B-2 die pair and graded MS67+ ★ NGC, CAC, that piece will sell here at auction for the first
time. Two 1796 half dollars, one with 15 Stars and the other with 16 Stars, offer two chances to own
a Mint State example of the most challenging silver U.S. coinage type. Among several standout
early dollars, a 1799 7x6 Stars dollar of the B-5 / BB-157 variety, graded MS67 NGC, is the finest
certified Heraldic Eagle silver dollar.
We have spared no effort in presenting this selection from Newman’s remarkable cabinet. We hope
you can join us by telephone, on Heritage Live!®, or in New York City for our all-Newman auction
event. If not, we will be happy to accept your bid by postal mail, fax, or e-mail, or on HA.com.
If you are attending lot viewing and/or the auction during Newman Week in New York, my partners
and I will all be there and we look forward to personally welcoming you.
Good luck!
Sincerely,
Jim Halperin
Co-Chairman of the Board
Eric P. Newman
And
“Colonel” E.H.R. Green
While “Colonel” Edward Howland Robinson Green inherited an enormous fortune from his financier
mother Hetty Green, the so-called “Witch of Wall Street,” he didn’t share her frugal character. He spent
lavishly on his Round Hill estate in South Dartmouth, Massachusetts, and on his numismatic, philatelic, and
other collections plus the development of radio.
“Ned” Green, as he was often called, was also captivated by science and exploration, and generously
promoted their study. He invited the Massachusetts Institute of Technology community to help use areas
of his vast estate as an adjunct laboratory. The first large scale Van de Graaff generator, now used for
demonstrations at Boston’s Museum of Science, was built on his property. His radio transmitter was, at
that time, equaled in size and power only by a Pittsburgh, Pennsylvania commercial broadcasting station
known as KDKA.
The Round Hill radio tower, Admiral Byrd’s expedition to Antarctica, and Eric Newman’s attendance at
MIT combined to lead Newman to acquire many superb rarities from the Green collection. Mr. Newman’s
story follows:
In the early 1930s while on an Antarctic expedition, a member of Admiral Byrd’s crew contracted an acute
case of appendicitis. There was no possibility of rescue by removal. Emergency surgery was necessary. At
that time the only available anesthetic was ether. The flammable nature of the gas posed a problem for
the medical corpsman: How do we keep the patient sufficiently warm, yet sedated with ether, in sub-zero
temperatures? Using the expedition’s oil burning stove would have been disastrous.
The expedition contacted MIT via Green’s radio transmitter at Round Hill and their message was relayed to
the Harvard Medical School. The best solution to the problem of surgery in extremely cold temperatures
lay in contacting experts in countries with a similar environment. Available helpers set to work on this
problem, with MIT’s students taking on specific roles. I was one of those assigned to communicate with
members of the scientific community in Norway, Sweden, Finland, and Siberia. This required translation,
to transfer data to and from “Little America” and to and from the tower at Round Hill. Despite the long-
range capabilities of the tower at Round Hill, communication was sporadic, subject to static, and time-
consuming. Messages had to be transmitted many times over, repeating until a confirming reply came
through.
We learned that if the patient was covered in two-inch thick felt, he could be kept warm enough for two
hours of surgery. A small hole would be made in the material, allowing the medical corpsman to make his
incision and perform the operation. We, Green, and the world waited anxiously for news of the operation.
When the transmission finally came through, we were overjoyed to hear that the patient survived and was
recovering.
The Happiest Man in the World
Foreword and Appreciation
We have figured out why Eric P. Newman is the happiest man we’ve ever met: He’s had an extraordinary
American coin collection to view and study for over 70 years. (A daily serving of ice cream doesn’t hurt,
either.) While forming his collection, Eric and his father, a doctor, meticulously modified wooden cigar boxes
to hold a single row of coins; each coin within, often wrapped in thin paper, had been carefully placed in an
annotated envelope. Some coins were categorically stored in Wayte Raymond paperboard holders. These
coin boards were placed in individual drawers (paperboard bases with wooden shelf-like sides) that slid into
a wooden cabinet. Eric and his father designed and handcrafted these custom drawers and cabinets in order
to preserve this collection and make it handy to observe and study.
The wrapping, envelopes, boxes, boards, drawers, and cabinets provided a pristine storage environment
producing superb, natural toning of the silver. As a result, most examples in the Eric P. Newman Collection
display beautiful rainbow coloration. This is the greatest collection of early silver United States coins ever
seen. Never again in our lifetimes will there be as well matched an assemblage of early U.S. silver type coins.
To view one Bust dollar in the Eric P. Newman Collection is incredible; to see two is unbelievable; to see even
more is miraculous. In addition, there are the equally spectacular early quarters and half dollars. By viewing
these coins, we’ve reached numismatic nirvana. Although only some will experience the joys of owning these
beautiful coins, everyone has the opportunity to see all or some of them – an opportunity that should not be
missed. Be prepared to be awed!
This auction of coins will provide additional funds to further the mission of the Eric P. Newman Numismatic
Education Society. EPNNES has retained a selected typeset of United States coins, including the 1794 dollar,
for the Newman Money Museum at Washington University in St. Louis. Numismatic enthusiasts and visitors
including schoolchildren enjoy the depth and breadth of the exhibits on view.
Eric’s focus continues to be on numismatic scholarship; he is currently working on a number of projects,
including the next edition of The Early Paper Money of America. The combination of serendipitous acquisitions,
sagacious trades, and methodical research for most of his 102 years has made Eric P. Newman the preeminent
numismatic authority of our day.
We would like to thank:
Heritage catalogers: Jon Amato, John Dale Beety, Mark Borckardt, George Huber, Brian Koller,
Kathy Lawrence, David Stone, and Mark Van Winkle.
Guest catalogers: Bill Bugert, Sheridan Downey, Denis Loring, and David Perkins.
Marketing team: Denice Brackemyre, Noah Fleisher, Mary Hermann, Mark Masat, Matt Pegues, and
Debbie Rexing.
Long-time Newman Money Museum Curator: Tom Serfass
We would also like to thank the American Numismatic Society for permission to reprint Eric P. Newman’s article,
“The Dollar $ign, Its Written and Printed Origins” that appears directly after the auction lot descriptions.
Maureen and Stuart Levine
Catalog Editors
October 2013
Items being sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit
corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively
for supplementing the Society’s museum operations and scholarly research efforts and for the benefit of other not-for-profit
institutions selected by Eric P. Newman Numismatic Education Society for public purposes.
Left to right, Adna Wilde, Charles Hoskins, Eric P. Newman, and Virginia Culver.
LTC Adna G. Wilde, Jr. (1920-2008) served in the U.S. Army from 1943 to 1968, including service in World
War II, Korea, and Vietnam. He was Executive Director of the ANA from 1968 to 1972, served on the ANA
board, and was the 42nd ANA President from 1981 to 1983.
Charles R. Hoskins, III (1936-2008) was a captain in the U.S. Army Artillery. He was director of the Money
Museum at the National Bank of Detroit in the late 60s, and headed the U.S. Mint Numismatic Services
Division in the early 1970s. He served as the first director of the ANA Certification Service from 1972 to 1976.
Virginia Culver (1922-1985) was an Ohio school teacher who was a charter member of TAMS, the Token and
Medal Society. She served on the ANA Board from 1965 to 1971, and served as 38th ANA President from
1973 to 1975.
Left to right, Eric P. Newman, Elvira and Vladimir Clain-Stefanelli, Virgil Hancock.
Elvira (1914-2001) and Vladimir (1914-1982) Clain-Stefanelli were the well-known curators of the National
Numismatic Collection at the Smithsonian Institution. Elvira was born in Romania and Vladimir was a native
of Austria. They were married in 1938 and were both imprisoned in the Buchenwald concentration camp
during World War II. Vladimir served the Smithsonian from 1957 until his death in 1982, and Elvira was
appointed curator of the national collection in 1983, retiring in 2000.
Virgil Hancock (1903-1987) served as the 39th ANA President from 1975 to 1977. He was an optometrist
who held five patents for inventions in optics. He actively lobbied in favor of the Hobby Protection Act, and
worked with Abe Kosoff and John Jay Pittman to create the ANA Certification Service.