Selections From Eric P. Newman Collection Headline Heritage Central States Event
Posted on 4/16/2013
[DALLAS, TX] — Selected coins collected by famous numismatic scholar and philanthropist Eric P. Newman, a centenarian who is a founding member of the Central States Numismatic Society and the last person to own all five 1913 Liberty nickels, are a collective highlight of the Official Auction of the Central States Numismatic Society's Annual Convention.
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 the benefit of other not-for-profit institutions selected by the Eric P. Newman Numismatic Education Society for public purposes and also for supplementing the Society's own museum operations and scholarly research efforts.
"Everyone who has studied US coins has been touched by Eric P. Newman's research," said Jim Halperin, Co-Chairman of Heritage. "He is a titan of numismatics and one of the hobby's greatest treasures. We are honored to participate in a sale that will help many worthy causes, including Eric's tradition of adding to our knowledge about the history of money. The Newman family's generosity is nothing short of inspiring."
The vast majority of the Selections From The Eric P. Newman Collection are pattern or experimental coins. Top highlights include an 1877 quarter dollar with William Barber's "Sailor Head" portrait of Liberty struck in copper, Judd-1500 variety, graded PR 65 Red NGC and easily the finest known example out of just eight confirmed; and an 1879 metric twenty dollar or "Quintuple Stella" struck in copper, Judd-1644 variety, graded PR 64+ Red and Brown NGC.
"The US Mint's coinage experiments shed light on the coins they produced for commerce," said Halperin. "It is only natural that Eric P. Newman has taken great interest in them."
A single Territorial gold coin from The Eric P. Newman Collection caused a stir as soon as it was certified. An 1852 Humbert ten dollar coin, Kagin-10 variety, was graded MS 68 NGC, the first California private or Territorial gold coin to be certified as MS 68 by a major service. The coin was retained by Augustus Humbert, United States Assayer of Gold for California in the early 1850s, and passed into his estate. In a relatively short pedigree punctuated by long stretches of ownership are several famous collecting names, including Waldo Newcomer, "Colonel" E.H.R. Green, and of course, Eric P. Newman. Its offering at auction is an unprecedented opportunity for serious collectors.
The Bushnell-Parmelee-Green-Norweb specimen of the 1792 Judd-1 silver center cent, MS 61+ Brown NGC, is one of the first experimental coins made under the authority of the Mint Act of 1792. Its unusual appearance, with a small silver "plug" in the middle of a wider copper body, was an attempt to reduce the weight of the cent by adding a small amount of precious metal. Graded MS 61+ Brown, this coin once owned by Ambassador and Mrs. R. Henry Norweb is slightly finer than the Morris specimen, sold by Heritage for $1.15 million in April 2012.
Noteworthy among official early US issues is a 1796 dollar with Small Date obverse and Small Letters reverse, B-2, BB-63 variety, graded MS 65 NGC. The sole finest 1796 Small Date, Small Letters dollar known, it is a highlight of The William Jacob Collection, Part II.
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The thoughts and opinions in the piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.