Heritage Auctions awarded the historic, world-renowned Harry W. Bass Jr. Collection of Gold Coins and Patterns

The First Art Newspaper on the Net    Established in 1996 Friday, March 29, 2024


Heritage Auctions awarded the historic, world-renowned Harry W. Bass Jr. Collection of Gold Coins and Patterns
The collection, which the late Dallas oilman and philanthropist Harry W. Bass Jr. began assembling in the 1960s, has been on display at the American Numismatic Association's Edward C. Rochette Money Museum in Colorado Springs, Colo., since October 2000.



DALLAS, TX.- Heritage Auctions announced Wednesday that it has been selected to offer one of the most revered and valuable rare-coin collections in numismatics history: The Harry Bass Core Collection. The historic assemblage of some of the rarest U.S. gold coins and die patterns is estimated to be worth more than $60 million, and proceeds from its sale will benefit the dozens of Dallas-based nonprofits supported by the Harry W. Bass Jr. Foundation with a particular emphasis on early childhood education and literacy in Dallas.

The collection, which the late Dallas oilman and philanthropist Harry W. Bass Jr. began assembling in the 1960s, has been on display at the American Numismatic Association's Edward C. Rochette Money Museum in Colorado Springs, Colo., since October 2000. Earlier this year, the foundation's trustees voted to sell the collection, which contains some 450 U.S. gold coins dating to the late 1700s, to increase its annual giving – from $2 million to at least $5 million each year, depending on the once-in-a-lifetime auction's final results.

"We've had to say no to so many deserving groups, and with the sale of this collection, we can now expand our funding and reach a lot more people,"says F. David Calhoun, executive director of the Harry W. Bass Jr. Foundation. "The pandemic has exposed how much need there is. It has been a very trying and challenging time for the nonprofit sector, especially in education, and it has magnified many times the needs of the underserved populations of Dallas."

In April, the foundation announced it would be removing its assemblage, which includes the only complete $3 gold coin collection, from the ANA museum and deaccessioning it to increase its philanthropic efforts in Dallas. The board of trustees hired Professional Coin Grading Service co-founder and numismatics expert John Dannreuther to manage the collection's sale, including selecting an auction house and third-party graders.

Heritage Auctions, founded in 1976 by Steve Ivy and Jim Halperin, was among several internationally renowned auction houses vying for the collection. Heritage was awarded the assemblage in early July and will offer The Harry Bass Core Collection in a series of auctions over the next year, beginning in the fall.

All the coins in the Bass Collection have been unavailable for decades; indeed, many trace their lineage to the heralded auction of Louis E. Eliasberg Sr.'s gold coin collection in 1982. All are uncertified or ungraded. Heritage will now request proposals from Professional Coin Grading Service, Numismatic Guaranty Company and Certified Acceptance Corporation to handle the grading and assist with marketing this world-renowned collection.

Executive Vice President Todd Imhof led Heritage's efforts.

"We worked very hard to present a creative and enticing proposal to the Bass Foundation's trustees and are grateful and honored to have been selected, especially since the sale proceeds will stay here in Heritage's hometown," Imhof says. "For many decades, the foundation and its trustees have been remarkable stewards and custodians of this incredible collection. And their generosity has benefitted untold thousands."

Since the 1990s, the Harry W. Bass Jr. Foundation has supported qualified 501(c)(3) organizations throughout Dallas, primarily focusing on youth and education. Among its more than four dozen recipients, the foundation counts Frazier Revitalization in South Dallas, Head Start of Greater Dallas, Boys & Girls Clubs of Greater Dallas, the Momentous Institute, Bachman Lake Together in Northwest Dallas and Readers 2 Leaders in West Dallas. But the foundation also helps feed the hungry through such nonprofits as Crossroads Community Services (which provides nutritional assistance for at-risk children in Dallas County), and it supports Austin Street Center's work with Dallas' unsheltered.

"The pandemic was a giant paradigm shift regarding our outlook on the future," Calhoun says. "There is just so much need. In 2020 we diverted more than half of the annual funding to food-oriented organizations – and they used every cent of it. Late that year, we started discussing deaccessioning the collection, and we made the decision this year. It was a slow process, but ultimately, we asked ourselves: How many more organizations can we fund? How many more lives can we positively impact? And that's exciting to think about."

Says Heritage Auctions President Greg Rohan, "This was a complex and competitive situation, and we're extraordinarily proud of the work Todd did in helping us make sure the Bass Collection remained in Harry's hometown. Of course, our real work is just beginning, and our team is excited about what's to come."










Today's News

July 15, 2022

Rediscovered painting by Constable on show for the first time ever in Brighton

Portraits by Barkley L. Hendricks will hang with Old Masters at the Frick

Bernd & Hilla Becher, first posthumous retrospective of the highly influential photographers opens at The Met

The saga of a World War II ancestor of Miss Piggy, Bert and Yoda

Solo exhibition fills a research gap in Joseph Rebell's work

Jessica Silverman announces representation of Loie Hollowell

Five Leonard Pryor paintings gifted to The Nelson-Atkins Museum of Art

Chrome Dreams and Infinite Reflections: American Photorealism exhibition opens at Reynolda House Museum of American Art

New Museum opens new solo exhibition of works by Doreen Lynette Garner

Time capsule of '70s Los Angeles beaches from Tod Papageorge

Wadsworth Atheneum Museum of Art announces selection of Matthew Hargraves as Museum Director

Ruiz-Healy Art New York opens 'Ariel René Jackson & Lina Puerta: Woven Land '

Collecting Policy: Exhibition presents new works in the Museum der Moderne Salzburg

Kunsthalle Mannheim presents Rimini Protokoll's new project URBAN NATURE

Exhibition aims to illustrate the many ways in which design and the Olympics are intertwined

The art of Cinthia Marcelle, linking poetry and social critique, at MACBA

Sargent's Daughters opens a solo exhibition of sculptor and installation artist Rachel Youn

New British Council commission, in partnership with the V&A, marks 75th anniversary of Pakistan

Nancy Hoffman Gallery presents an exhibition of works by Frank Owen

The Art Show announces record number of exhibitors for 2022

Banksy, KAWS, RETNA and other urban art stars shine at Heritage Auctions

Far from Kabul, building a new life, with music and hope

JHB Gallery hosts an exhibition of works by artist Jaanika Peerna

Heritage Auctions awarded the historic, world-renowned Harry W. Bass Jr. Collection of Gold Coins and Patterns

Lucky Jet Crash Game: Gambling Guide

How to Care For Your Barcode Scanner to Extend Its Life and Performance

How can I stimulate my eyelashes naturally?

Reasons to get concrete estimating services for your upcoming construction project?

Estimating HVAC Services: An Overview

What does this mean for lumber takeoff services?

Why do people take cheap all inclusive holidays to relax?

Why You Should Consider Accepting Cryptocurrency Payments in Your Business

Forex CRM: How Can It Help You Increase Revenue?

Tips for Starting a Successful Forex Brokerage Business

The Connection Between Art & Design and Video Games

Is Viewster Still Available?

Best of Cinewap Net-2020 Free Watch Download

HDhub4u Movies Download Website

Why Are More People Using Self Storage Now?

Pledged to save the environment? Here's how Ocado can help you!




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful