To: Olu Emuleomo who wrote (52871 ) 4/27/1999 7:28:00 AM From: Glenn D. Rudolph Respond to of 164684
Dime Sets World Record Price: $632,500 BUSINESS WIRE - April 26, 1999 20:59 DALLAS (April 26) BUSINESS WIRE -April 26, 1999--Heritage Coin is on a roll! Now the world's largest numismatic dealer and auctioneer established a new world-record price for any Dime. The unique Waldo Bolen 1873-CC without arrows, the only one struck at the U.S. Mint's Carson City branch, sold for $632,500 on April 23 at Central States Numismatic Society's official auction in Milwaukee. Bolen's collection of 11 coins realized $1,056,275. The total price for all coins auctioned by Heritage Numismatic Auctions that weekend was $3.6 million, bringing the firm's public auction sales so far in calendar 1999 to $31.9 million! "The CSNS convention," interjected James Halperin, Heritage's Co-Chairman and well-known author of science fiction/futurist novels, "was a great venue even without Internet bidding, but now bidders around the globe could participate via the Web. The first beta-test of our Interactive Internet(TM) software was a smash hit. Bidders could view photographic images and current opening bids at our Web site www.heritagecoin.com, and bid interactively. As part of our test, we sent out just 700 pre-registration e-mails, and in three days received Internet bids totaling about $2 million from over 90 of these bidders!" Exclusively Internet auctions now include some of the Web's biggest players. eBay (Nasdaq:EBAY), Amazon.com (Nasdaq:AMZN), Excite (Nasdaq:XCIT) and Yahoo! Auctions (Nasdaq:YHOO) all seek positions of dominance. Several worldwide general auction houses, including Sotheby Holdings (NYSE:BID) and Christie's also have small departments devoted to coins, and most are exploring Internet possibilities. And at least one knowledgeable collectibles specialist, Greg Manning Inc. (Nasdaq:GMAI), auctions coins on the Internet without public sessions. But none offer the major advantage that Heritage holds as the core of its auction philosophy: taking consignors' coins to the bidders at major coin shows. "As innovative as these proliferating sites are," Halperin continued, "the real future lies in combining Public/Internet sales with on-site inspection of the lots. Heritage now accepts bids by mail, fax, e-mail, phone, Interactive Internet(TM), and on-site bidding, using every technology to find the top buyer. No great collection deserves less." With annual sales exceeding $170 million, and auction revenues above $50 million, Heritage is exclusive Official Auctioneer to America's top seven coin conventions. Heritage maintains 10 offices worldwide, and is headquartered at 100 Highland Park Village, Dallas, Texas 75205 Press contact: Cathy Hadd (cathy@heritagecoin.com) 800/USCOINS Ext. 216 Photographs and prices: www.heritagecoin.com -0- sw/sa* CONTACT: Heritage Rare Coin Galleries, Dallas Cathy Hadd, 800/USCOINS Ext. 216 cathy@heritagecoin.com www.heritagecoin.com KEYWORD: TEXAS WISCONSIN INDUSTRY KEYWORD: BANKING ENTERTAINMENT RETAIL INTERACTIVE/MULTIMEDIA/INTERNET COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com News provided by COMTEX