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1776 Silver Dollar and 1792 Silver Center Cent sell for $1.41 million each at Heritage Auctions
1792 Silver Center One Cent piece.

NEW YORK, NY.- A 1776 Continental Dollar — the finest of only four silver Continental currency dollars known to exist from the birth of the American Republic — and a 1792 Silver Center One Cent piece — one of the earliest and most famous of all 1792 Pattern Coins — both realized $1.41 million as the undisputed stars, May 16-17, 2014, at Heritage Auctions in the $11+ million Selections from the Eric P. Newman Collection IV Signature Auction. The Continental Dollar realized the highest price ever paid for a non-gold American colonial coin.

"It's been an incredible honor for everyone at Heritage Auctions to catalog, photograph, publicize and auction all of these incredible coins," said Jim Halperin, Co-Founder of Heritage Auctions. "These early American coins comprise an important section of Eric P. Newman's incredible collection. — both for their numismatic and historical significance."

The nearly 700 lots of the most important U.S. Colonials offered in recent memory, many of them pedigreed to "Col." E.H.R. Green, across the festive two-day auction, gave collectors of all levels a chance to own part of this long-held collection.

At almost 103 years of age — a milestone that was fêted at the live auction on Friday, May 16, in advance of the actual date of May 25 — Eric P. Newman is the foremost United States numismatic researcher and author. His massive and storied collection is one of the single finest numismatic assemblages ever seen. Along with the first three parts of his collection, auctioned earlier in 2014 and in 2013, his coins so far have realized more than $44 million.

"Historic coins like these, treasures from the birth of the United States, commanded appropriately important prices," said Jim Halperin, Co-Founder of Heritage Auctions. "The top collectors in the world knew that they weren't likely to see many of these coins ever again. The competition and overall prices, as it's been throughout Mr. Newman's amazing collection, exceeded even our in-house expectations."

A 1783 '100' Unique Plain Edge Nova Constellatio 100 Units, Silver, AU55 NGC, the first pattern coin issued by the newly independent United States and a forerunner of the decimal coinage's acceptance, first in America, then eventually by most monetary systems throughout the world, proved very popular with collectors at a final price realized of $705,000, while a 1652 New England Sixpence, AU58 NGC, the finest known specimen, was also highly sought-after before finishing the auction at $646,250.

Copper highlights included the 1787 George Clinton Copper, MS63 Brown NGC, the finest-certified example of this rare classic offered at auction for the first time in more than a century, which realized $499,375, a price equaled by a simply stunning 1792 Reeded-edge Copper Disme AU55 NGC.

Items being sold from the extensive Collection of Eric P. Newman, assembled across a period of 90 years, are all being sold for the sole benefit of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation). The proceeds 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.

Today's News

May 20, 2014

The world's first retrospective of the pop and style icon David Bowie arrives in Berlin

Delaware Art Museum's £5 million Holman Hunt masterpiece to lead Christie's London sale

Mexican archaeologists to extract 12,000-year-old teen skeleton from underwater cave

Metropolitan Museum acquires monumental portrait by Charles Le Brun

Criminal John Dillinger's getaway car now on display at the Indiana State Museum

Sotheby's to sell rediscovered sculpture by American artist Janet Scudder

Collaborative exhibition on view at Crystal Bridges showcases Revolutionary portraits

"Lens-Based Sculpture: The Transformation of Sculpture through Photography" opens in Vaduz

Sotheby's New York announces highlights from its Modern and Contemporary Latin American sale

"Gatsby to Garp: Modern Masterpieces from the Carter Burden Collection" opens at the Morgan Library

George Harrison's Rickenbacker sells for $657,000 at Julien's Auctions Music Icons, Rebels & Legends Auction

Whyte's announces auctions of movie posters and Rock & Pop memorabilia in Dublin

1776 Silver Dollar and 1792 Silver Center Cent sell for $1.41 million each at Heritage Auctions

Faena Arts Center Buenos Aires announces two major spring exhibitions

Hayward Gallery project space presents a solo exhibition by Frances Stark

Works from collection of Marina and Nikolay Shchukin on view at The National Arts Club, New York

Exhibition of works by Rui Moreira opens at Galerie Jaeger Bucher

Group exhibition featuring the work of four female artists opens at Camilla Grimaldi

Exhibition of works depicting flora and fauna by Nancy Graves on view at Mitchell-Innes & Nash

Rare 330 year old English Delftware cats are cream of the crop at Bonhams British Pottery Sale

Solo exhibition of works by Andrea Bruno opens at the Centre d'Art Contemporain Genève

Japanese photographer Daisuke Yokota opens exhibition at Foam

Home residents create works of art

Most Popular Last Seven Days

1.- Rare 1943 Lincoln Cent sells for $204,000 at Heritage Auctions

2.- Exhibition is the first to shed light on the phenomenon of the princely painter

3.- Nathaniel Silver named new Curator of the Collection at the Isabella Stewart Gardner Museum

4.- Rijksmuseum van Oudheden explores the mystical world of the ancient Egyptian gods

5.- Media error draws misleading reports on sale of 1943 Bronze Lincoln Cent

6.- Four men deny giant gold coin heist from Berlin's Bode Museum

7.- Tanya Bonakdar Gallery presents an immersive installation by Charles Long

8.- Egypt says stolen pharaonic tablet repatriated from United Kingdom

9.- Israeli museum under fire over 'McJesus' exhibit

10.- Claremont Rug Company founder Jan David Winitz reveals major shifts in high-end antique Oriental rug market

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