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Long Beach Expo Offers Look at PCGS-Certified Pogue’s 1822 & 1854-S Half Eagles & Dexter 1804 Dollar!

January 27, 2015 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Conventions, Dollar Coins, Events, Gold, Gold Coins, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Precious Metals, Press Releases, Rare Coins, USA Coins

For immediate release
January 26, 2015

News media contact:
Steve Sloan, (949) 567-1223

Long Beach Expo Offers Look at PCGS-Certified Pogue’s 1822 & 1854-S Half Eagles & Dexter 1804 Dollar!

Graded PCGS Secure AU58+, the 1854-S Half Eagle is another treasure from the Pogue Family Collection. (Photo credit: PCGS.)

Graded PCGS Secure AU58+, the 1854-S Half Eagle is another treasure from the Pogue Family Collection. (Photo credit: PCGS.)

The Pogue Family Collection 1822 Half Eagle, graded PCGS Secure AU50. (Photo credit: PCGS.)

The Pogue Family Collection 1822 Half Eagle, graded PCGS Secure AU50. (Photo credit: PCGS.)

(Long Beach, California) — Three numismatic national treasures from the eagerly-anticipated D. Brent Pogue Family Collection, the 1822 and 1854-S Half Eagles and the Dexter 1804 dollar, will make their West Coast debut at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo (www.LongBeachExpo.com), January 29 – 31, 2015.

The historic coins will be among the PCGS-certified Pogue Family Collection items displayed by Stack’s Bowers Galleries at their booth (#502) during the three-day show.  Stack’s Bowers and Sotheby’s will jointly offer the collection in a series of auctions starting in May.

“The 1822 Capped Bust Half Eagle is one of the greatest numismatic treasures of the United States,” stated David Hall, Co-Founder of Professional Coin Grading Service (www.PCGS.com).

“United States Mint records indicate that 17,796 $5 gold coins were produced in 1822, but today only three survivors are known.  Two of them are part of National Numismatic Collection in the Smithsonian’s National Museum of American History,” explained PCGS President Don Willis.  “The Pogue coin is the finest of the three, and is graded PCGS Secure™ AU50.”

The Dexter specimen 1804 Class I Draped Bust dollar in the Pogue Family Collection is graded PCGS Secure PR65.  (Photo credit: PCGS.)

The Dexter specimen 1804 Class I Draped Bust dollar in the Pogue Family Collection is graded PCGS Secure PR65. (Photo credit: PCGS.)

Legendary collector and Baltimore, Maryland banker and financier, Louis E. Eliasberg Sr. purchased the coin from dealer Abe Kosoff for $14,000 in 1945. Pogue bought it for $687,500 in 1982 at “The United States Gold Coin Collection” auction of Eliasberg coins conducted by Bowers and Merena (now Stack’s Bowers).

There also are only three known 1854-S Coronet Head Half Eagles, and one of them is part of the Smithsonian’s holdings.  The Pogue coin, graded PCGS Secure AU58+, also was formerly in the Eliasberg Collection.  Mint record indicate only 268 $5 gold coins were struck at the San Francisco Mint in 1854.

Only eight examples of the Class I Lettered Edge Draped Bust 1804 dollars are known.  The Pogue family owns the Dexter Specimen, graded PCGS Secure PR65.

Ron Guth, President of PCGSCoinFacts.com (www.PCGScoinfacts.com) states: “The 1804 Silver Dollar is one of the rarest and most popular of all American coins, despite the fact that none were made until 1834 and several were even made many years after that!”

A close up of the Dexter "D" in a cloud on the reverse of the Dexter specimen 1804 dollar.  (Photo credit: PCGS.)

A close up of the Dexter “D” in a cloud on the reverse of the Dexter specimen 1804 dollar. (Photo credit: PCGS.)

The Long Beach Explo will be in the Long Beach, California Convention Center, 100 S. Pine Ave.  Public hours are Thursday and Friday, January 29 and 30, from 10 am to 7 pm, and Saturday, January 31, from 10 am to 5 pm.  Admission is $8 for adults, $4 for seniors and children aged 8 to 16.  However, free admission coupons are available in advance online.

“Simply go to our website, www.LongBeachExpo.com, click ‘Get Passes,’ and enter the special Promo Code, PRJAN15.  Then print out the free admission coupon and present it at the show’s registration desk,” said Long Beach Expo President Cassi East.

For additional information, including the schedule of events and a list of attending dealers, visit online at www.LongBeachExpo.com, call the Long Beach Expo at (888) 743-9316 or email at LBExpo@collectors.com.

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Dallas Rare Coin and Paper Money Show Ready

January 26, 2015 in Auctions, Clubs and Associations, Coin Shows, Coins, Conventions, Events, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Seminars, USA Coins, World Coins

For immediate release
January 26, 2015

News media contact:
Robert Brueggeman, (951) 587-8300

Dallas Rare Coin and Paper Money Show Ready

Professional Numismatists Guild logo

Professional Numismatists Guild logo

(Dallas, Texas) — Leaders of the Professional Numismatists Guild (www.PNGdealers.com) say many of the 50 dealers participating in the upcoming PNG Dallas Rare Coin & Paper Money Show, February 26 – 28, 2015, will be offering free, informal appraisals of the public’s old coins and currency.

The three-day show will be in Hall C of the Gaylord Texan Resort & Convention Center that is located at 1501 Gaylord Trail in the Dallas suburb of Grapevine, Texas.

“The Dallas show will be an opportunity for the public to learn the value of coins or currency they may have inherited.  They can find out what it is and what it is worth.  And collectors in the Southwest can meet and do business with many PNG member-dealers from around the country who usually do not attend the local Dallas area coin shows,” said PNG President Terry Hanlon, President of Dillon Gage Precious Metals in Addison, Texas.

Dallas-based Heritage Auctions will conduct an auction of U.S. rare coins in conjunction with the show.

Admission is $10 for a three-day pass, however, free admission coupons are available online at www.pngdealers.org/images/COUPON.dls.pdf.

Public hours will be Thursday, February 26, from 10 am to 6 pm; Friday, February 27, from 9 am to 6 pm; and Saturday, February 28, from 9 am to 5 pm.   For additional information, contact the Professional Numismatists Guild by phone at (951) 587-8300 or by email at info@pngdealers.org.

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U.S. Rare Coin Auction Market Sets Record In 2014, Reports Professional Numismatists Guild

December 29, 2014 in Antique Coins, Auctions, Clubs and Associations, Coin Dealers, Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, Market Report, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 29, 2014

News media contact:

Donn Pearlman, for Professional Numismatists Guild Phone: (702) 868-5777

Summary:

The United States rare coin market was estimated at $5 billion in 2014, including a record of nearly $536 million of U.S. coins sold at major public auctions the past year, according to the Professional Numismatist Guild.

U.S. Rare Coin Auction Market Sets Record In 2014, Reports Professional Numismatists Guild

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild.  (Photo credit: Heritage Auctions.)

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

(Temecula, California) — From a million dollars paid for an early American penny to $4.5 million paid for the first gold coin struck for the young United States, the market for high-quality, historic U.S. rare coins set another record for numismatic auctions in 2014. The overall U.S. rare coin market was estimated at about $5 billion, and a dozen coins sold for $1 million or more each at public auctions in 2014, according to a year-end tabulation by the Professional Numismatists Guild (www.PNGdealers.org).

The PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.

“The prices realized for U.S. coins sold at major public auctions in 2014 totaled nearly $536 million, surpassing 2013’s record of nearly $393 million. Several important collections will be offered at auctions in 2015, and I anticipate we’ll again see record prices for so-called ‘trophy coins’ that combine historic significance, rarity and superb condition,” said PNG President Terry Hanlon.

“We estimate the overall coin market in the U.S. at about $5 billion in 2014. That includes auctions and private transactions made at coin shows, by mail order, online and at coin stores, but does not include numismatic bullion items or the modern coins sold directly by the United States Mint,” explained Hanlon.

“In the second half of the year, there was some softness in prices for relatively ‘common’ coins as gold and silver prices dropped, but the market for truly high-quality, historic rare U.S. coins continued to do quite well,” he said.

With the continuing trend of high prices for high-quality, historic rare coins, Hanlon cautioned: “We have an important saying in the numismatic marketplace. If you don’t know rare coins, you’d better know your rare coin dealer.”

These are the 12 U.S. rare coins purchased by winning bidders for $1 million or higher in 2014, and the auction companies that sold them:

1787 Brasher Doubloon with designer Ephraim Brasher’s “EB” punchmark on the eagle’s wing, graded by Numismatic Guaranty Corporation (NGC) as Mint State 63, $4,582,500 (Heritage Auctions).

1913 Liberty Head nickel, NGC Proof 64, $3,290,000 (Heritage Auctions).

1927 Denver Mint Saint-Gaudens Double Eagle ($20 denomination gold coin), NGC Mint State 66, $1,997,500 (Heritage Auctions).

1804 Draped Bust Dollar Class III type, NGC Proof 63, $1,880,000 (Stack’s Bowers Galleries).

1861 “Paquet Reverse” Double Eagle, graded by Professional Coin Grading Service (PCGS) Mint State 61, $1,645,000 (Heritage Auctions).

1792 Pattern Cent (Judd-1, Pollock-1), NGC Mint State 63+, $1,410,000 (Heritage Auctions).

1776 silver Continental Dollar, “CURRENCY” and “EG FECIT” variety, NGC Mint State 63, $1,410,000 (Heritage Auctions).

1927-D Saint-Gaudens Double Eagle, PCGS Mint State 63, $1,292,500 (Heritage Auctions).

1797 Half Dollar (Overton-101a) PCGS Secure Mint State 65+ PCGS Secure, $1,292,500 (Heritage).

1792 Half Disme (an early spelling of “dime”) (Judd-7, Pollock-7 variety) PCGS Secure Specimen 67, $1,292,500 (Heritage Auctions).

1794 Half Cent PCGS Mint State 67 red and brown color, $1,150,000 (Ira and Larry Goldberg Coins & Collectibles).

1811 Half Cent, PCGS Mint State 66 red and brown, $1,121,250 (Ira and Larry Goldberg Coins & Collectibles).

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

The auction companies responding to the PNG questionnaire about their 2014 auctions of United States rare coins were Bonham’s, David Lawrence Rare Coins, GreatCollections Coin Auctions, Heritage Auctions, Ira and Larry Goldberg Coins & Collectibles, Legend Rare Coin Auctions, Scotsman Coin and Jewelry, and Stack’s Bowers Galleries.

All prices include the buyer’s premium, if any, to reflect the actual total prices paid by the winning bidders. The PNG survey did not include 2014 auctions of paper money or coins produced by other countries (“world coins”), two areas of the numismatic marketplace that also experienced record prices for many items.

Founded in 1955, the Professional Numismatists Guild is composed of many of the country’s top rare coin and paper money dealers. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise. A complete listing of PNG member-dealers is available online at www.PNGdealers.org.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the Professional Numismatists Guild, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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An auction hunter’s lesson

November 19, 2014 in Antique Coins, Auctions, Blogs, Cents, Coins, Coins for sale, Collecting, Copper, Copper Coins, Counterfeit, Education, Fake Coins, Numismatica, Numismatics, Pennies, Rare Coins, USA Coins

By scott Coin Collectors Blog (CoinsBlog.ws)

Over the weekend I attended an estate auction that included coins for sale. While my new business venture concentrates on all vintage collectibles, I am still a collector and continue to look for those interesting items and the good coins to add to my collection. As I was looking over the lots I noticed one […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Here we go again: U.S. Mint fights collectors

September 9, 2014 in Auctions, Blogs, Cents, Charity, Coins, Collecting, Legal, Numismatica, Numismatics, Opinion, US Mint, USA Coins

By scott (Coin Collectors Blog (CoinsBlog.ws )

After all the U.S. Mint has tried to do to make itself more appealing to the collecting community, they are now reverting to their old form and attacking a collectors for owning a coin they claim is “contraband.” The argument is over a 1974-D Lincoln cent made of aluminum that was to be auctions by […] Full article at the source>

Source:: Coin Collectors Blog (CoinsBlog.ws)

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Marvelous Rarities and Collections at Gorny & Mosch

August 27, 2014 in Ancient Coins, Antique Coins, Archaeology, Art, Auctions, Coins, Coins for sale, Collecting, History, Medals, News, Numismatica, Numismatics, World Coins

By Coin Update

Be it an ox hide ingot, a unique silver medallion of Trajan, the largest collection of religious amulets and medals the market has ever seen or a nicely assorted collection of numismatics: Gorny & Mosch has spectacular offers for its October sale.

Make sure to keep the week from 13 to 17 October, 2014, free! For there will be something spectacular at Gorny & Mosch’s agenda. Auction sale #224 offers magnificent rarities dating from ancient Full article and pictures at the source>

Source:: News.CoinUpdate.com (Coin Update News)

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The Saints Come Marching In To September 2014 Long Beach Expo

August 13, 2014 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Gold, Gold Coins, Medals, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, Silver, Silver Coins, USA Coins

For immediate release
August 13 2014

News media contact:

Steve Sloan, for Long Beach Expo, (949) 567-1223

The Saints Come Marching In
To September 2014 Long Beach Expo

(Long Beach, California) —  Free admission coupons will be available, and the all-time finest collection of Saint-Gaudens Double Eagle gold coins will be displayed in public for the first time anywhere at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo (www.LongBeachExpo.com), September 4 – 6, 2014.

“The A&A Saints Collection has a grade point average of 65.63, and now ranks as both the current number one and all-time finest Saint-Gaudens $20 Gold Basic Set, Circulation Strikes (1907-1932) in the PCGS Set Registry™.  This remarkable set includes eight of the finest known PCGS-certified Saint-Gaudens Double Eagles and 13 others that are tied for finest known.” said Cassi East, Long Beach Expo President.

Formerly in the Bentley Collection, this 1927-D Double Eagle, PCGS MS63, now is part of The A&A Saints Collection. (Photo by PCGS.)

Formerly in the Bentley Collection, this 1927-D Double Eagle, PCGS MS63, now is part of The A&A Saints Collection. (Photo by PCGS.)

he finest known 1932 Saint-Gaudens Double Eagle, PCGS MS66+, is one of the highlights of The A&A Saints Collection. (Photo by PCGS.)

The finest known 1932 Saint-Gaudens Double Eagle, PCGS MS66+, is one of the highlights of The A&A Saints Collection. (Photo by PCGS.)

Engraved by Gilroy Roberts, this 1953 U.S. Assay Commission medal is the finest known, graded PCGS SP65, and part of the Numismatic Americana Reference Collection on display at the September 2014 Long Beach Expo. (Photo by PCGS.)

Engraved by Gilroy Roberts, this 1953 U.S. Assay Commission medal is the finest known, graded PCGS SP65, and part of the Numismatic Americana Reference Collection on display at the September 2014 Long Beach Expo. (Photo by PCGS.)

Among the outstanding coins in the collection are:

  • 1908-D No Motto, the finest known and graded PCGS MS66+
  • 1909-D, pedigreed to the Eliasberg Collection, tied for finest known, PCGS MS67
  • 1914, pedigreed to the Duckor Collection and the finest known, PCGS MS66+
  • 1922-S, finest known, PCGS MS66+
  • 1924, finest known, PCGS MS68
  • 1927-D, pedigreed to the Bentley Collection, PCGS MS63
  • 1932, pedigreed to the Akers and Duckor Collections, finest known, PCGS MS66+

“The A&A Saint-Gaudens Collection set will be exhibited for the first time anywhere in the Collectibles Display area of the Long Beach Expo.  This display is courtesy of both the set’s anonymous Illinois owner and dealer Barry Stuppler of Stuppler & Company, Woodland Hills, California (booth #1129) who has been assisting the owner to build the amazing collection,” said East.

Stuppler stated: “After half a century as a collector and dealer, this is the finest gold coin collection I’ve ever had the pleasure of helping to build.  The owner of this Saints set has been collecting for about 15 years and considers this the centerpiece of his many coin collections.”

The superb quality “Numismatic Americana Reference Collection” of Medals of the United States Assay Commission, exhibited for the first time at the recent ANA World’s Fair of MoneySM, also will be displayed at the September 2014 Long Beach Expo.  It is the all-time finest PCGS Set Registry® set of historic U.S. Assay Commission medals of 1860 to 1977, and will be displayed at the Professional Coin Grading Service booth (#807).

“The set has a weighted grade point average of 62.345 and is owned by PCGS Authorized Dealer William Shamhart, Jr. of Numismatic Americana, Inc. (booth #633) in Chester, New Jersey.  This will be the first time the set has been displayed in California,” said BJ Searls, Collectors Universe Set Registry & Special Projects Director.

In addition to numismatic displays, 1964-era memorabilia of The Beatles, Rolling Stones, Cassius Clay/Muhammad Ali and Bob Dylan, as well as a classic mid-1960s red Ford Mustang convertible nicknamed, “Cherry Pie,” will also be among the exhibit highlights of the show.  An original copy of The Beatles’ first U.S. recording contract with Vee Jay Records, valued today at $100,000, will be displayed.

The Long Beach Expo was started in 1964, and the entertainment memorabilia from that era is part of the show’s 50th anniversary celebration.

PCGS will offer a special opportunity for “crossover” service at the September show.  The usual Crossover grading fee will be waived on coins submitted at the show that do not crossover into PCGS holders.  Information about the PCGS Crossover Special can be found online at www.PCGS.com.

“More than 500 collectibles dealers attending the show buying and selling rare coins, gold, silver, paper money, stamps, sports memorabilia, estate jewelry and other collectibles.  Heritage Auctions, official auctioneer of the Long Beach Expo, will conduct sales (www.longbeachexpo.com/auctions) of United States and world rare coins and paper money, and there will be educational seminars and club meetings during the show,” said East.

Admission is $8 for adults, $4 for seniors and children aged 8 to 16.  However, free admission coupons are available in advance online.  Show hours are Thursday and Friday, September 4 and 5, from 10 am to 7 pm, and Saturday, September 6, from 10 am to 5 pm.

“Simply go to our website, www.LongBeachExpo.com, click ‘Get Passes,’ enter the special Promo Code, SEPTPR, and print out the free admission coupon to present at the show’s registration desk,” said East.

For additional information, including the schedule of events and a list of attending dealers, visit online at www.LongBeachExpo.com, call the Long Beach Expo at (888) 743-9316 or email at LBExpo@collectors.com.

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PNG Announces October 2014 New York Show

August 12, 2014 in Auctions, Clubs and Associations, Coin Dealers, Coin Shows, Coins, Collecting, Conventions, Events, News, Numismatic Literary Guild, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases

For immediate release
August 12, 2014

News media contact:
Robert Brueggeman, (951) 587-8300

PNG Announces October 2014 New York Show

Professional Numismatists Guild logo

Professional Numismatists Guild logo

(New York, New York) — The Professional Numismatists Guild (www.PNGdealers.org) will conduct a coin and paper money show in the Times Squares area of New York City, October 9 – 11, 2014.  The PNG New York Invitational will be open to the public at the Millennium Broadway Hotel, 145 West 44h Street, just half a block East of Broadway.

Major auctions will be conducted in conjunction with the show by both Heritage Auctions (www.HA.com) and Stack’s Bowers Galleries (www.StacksBowers.com).

The three-day show is being produced by the same experienced team that has successfully created PNG Days and other collectibles shows across the country for over two decades.

“This will be the first major rare coin and paper money show with PNG backing in mid-town Manhattan in nearly 20 years,” said PNG Executive Director Robert Brueggeman.  “We’re excited about the opportunities for collectors and dealers to conveniently get together for a premier show in the heart of the Broadway Theater District with everything it has to offer for visitors as well as New York area residents.”

More than 100 dealers are expected to have tables at the show.  A limited number of tables are still available, and dealers do not have to be PNG members to obtain a table at the show.

Public registration will be on the 7th floor of the hotel.  Admission will be $10 at the door; however, $5 admission coupons are available online at www.PNGdealers.org and admission is free with an invitation from participating PNG member-dealers.

The PNG has obtained special discount hotel rates at the Millennium Broadway that are more than $100 per night lower than currently available even on hotel discount websites for that busy period.  A special discount rate of $329 per night is available by calling the Millennium Broadway Hotel, (212) 768-4400,

and requesting “the PNG convention rate” at the time of booking.

Public hours will be Thursday, October 9, from 10 am to 6 pm; Friday, October 10, from 9 am to 6 pm; and on Saturday, October 11, from 9 am to 5 pm.

For additional information, contact the Professional Numismatists Guild by phone at (951) 587-8300 or via email at info@pngdealers.org.

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Douglas Winter Numismatics Sets World Record with $1.645 Million Dollar Purchase

August 12, 2014 in Antique Coins, Auctions, Blogs, Coin Dealers, Coins, Collecting, Events, Gold, Gold Coins, Gold Eagles, Numismatica, Numismatics, Rare Coins, USA Coins, World Records

By Douglas Winter

The World Record Setting 1861 Paquet Reverse Liberty Head double eagle, PCGS MS61

Douglas Winter Numismatics, a Portland Oregon rare coin firm specializing in choice 18th and 19th century United States gold coinage,  recently set a world auction record for a Liberty Head double eagle and for any Liberty Head gold coin by purchasing a PCGS MS61  example of the excessively rare 1861 Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

Category: Market Blog, “double eagle”, 1861 Paquet double eagle, Liberty Head double eagle, Liberty Head double eagles, Paquet reverse, press release, rare gold coins, world record

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Top Five Heritage ANA Auction Lots Sell for More Than $6 Million

August 8, 2014 in ANA (American Numismatic Asociation), Auctions, Coin Shows, Coins, Coins for sale, Collecting, Gold, Gold Coins, News, Numismatica, Numismatics, Rare Coins, USA Coins

By Dennis Hengeveld (http://news.coinupdate.com/)

In conjunction with the American Numismatic Association World’s Fair of Money held in Chicago this week, Heritage Auctions offered a number of historical and valuable pieces in their US Coins Signature Auction. These are coins that are not only historically interesting for their background, they are also coins that are Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

Category: Coin Auctions, US Coins

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The silver-coloured 2p freak coin that was accidentally made in the wrong metal is set to sell for £1,000 at auction

July 26, 2014 in Auctions, Coin Errors, Coins, Collecting, Cupro-Nickel Coins, English Coins, Errors, News, Numismatica, Numismatics, Rare Coins, The Royal Mint, World Coins

By MAIL ON SUNDAY REPORTER. 26 July 2014 (http://www.dailymail.co.uk/)

  • Coin was accidentally made in cupronickel rather than bronze 

  • Was discovered in 1988 by a petrol station owner opening roll of new coins 

  • Could fetch up to £1,000 at auction next week in Dorset  

A two pence piece that was accidentally made in the wrong metal is set to sell for 50,000 times its face value.

The coin was struck in cupronickel, the blend of copper and nickel formerly used for 10p and 5p coins, when it should have been bronze.

The errant coin, thought to be unique, was discovered in 1988, by the owner of a petrol station in a roll of new coins.

Full article and pictures at the source>

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New Book Offers Advice for Online Coin Auctions

July 18, 2014 in Auctions, Books, Coins, E-commerce, Ebay, Education, News, Numismatica, Numismatics

July 18, 2014. By Coin Update (http://news.coinupdate.com/)

Numismatic writer Michael Bugeja has assembled a new, updated work–Online Coin Auctioneering–intended for estate auctioneers considering or already selling on a portal such as AuctionZip, iCollector or Proxibid. The advice in this new work also pertains to eBay and coin dealer auctions.

Bugeja writes that all online coin auctions, from the largest to the littlest, have these things in common:

Full article at the source>

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PCGS Certifies Rare Transitional Peace Dollars From Former Mint Director’s Estate

July 11, 2014 in ANA (American Numismatic Asociation), Antique Coins, Auctions, Clubs and Associations, Coins, Coins for sale, Collecting, Conventions, Events, Grading, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, Silver, Silver Coins, Silver Dollars, US Mint, USA Coins

Updated:

For immediate release
July 11, 2014

News media contact:
Steve Sloan, (949) 567-1223

PCGS Certifies Rare Transitional Peace Dollars From Former Mint Director’s Estate

Five rare 1921 and 1922 proof and circulation strike Peace dollars that reflect historic transition changes in the original high-relief design of the series have been authenticated and graded by Professional Coin Grading Service (www.PCGS.com). The coins exhibit different finishes and relief, including a previously unreported 1921 High Relief sandblasted and antiqued finish presentation specimen.

For over 90 years the coins were under the numismatic market radar, owned by and later in the estate of Raymond T. Baker (1877 – 1935) who was United States Mint Director at the time the five Peace dollars were struck.

“This is a fantastic group of 1921 and 1922 transitional coins, and is one of the most significant group of 20th century coins we’ve seen in a long time,” said PCGS Co-Founder David Hall.

The coins were submitted for certification by PCGS Authorized Dealer Ronald J. Gillio on behalf of Stack’s Bowers Galleries (www.Stacks.com).  Stack’s will offer them in their upcoming public auction in conjunction with the American Numismatic Association’s World’s Fair of Money in Rosemont, Illinois.

“There are three ‘discovery’ pieces among these five important coins, and PCGS has created three new classification numbers to formally recognize and catalog them.  Each of the five transitional Peace dollars now have the “Baker Estate’ pedigree indicated on the insert label in their PCGS holders,” explained PCGS President Don Willis.

“With submission of these historic Baker Estate coins, PCGS now as identified and certified over the years a total of 19 different proof 1922 Peace dollars,” said Willis.

Baker served as Mint Director from March 1917 to March 1922.

“During his tenure, Baker oversaw the introduction of the new Peace dollar in 1921 and the subsequent design modifications in early 1922.  Because of his position, he was able to acquire several important numismatic rarities that have remained off the market since the time of their production,” explained Ron Guth, President of PCGS CoinFacts (www.PCGSCoinFacts.com), the Internet’s most comprehensive resource for information about U.S. coins.

The five recently certified coins and their grades and varieties are:

  • 1921 $1 PCGS SP64.  A discovery coin that has a normal High Relief design, but with a sandblasted and antiqued finish.
  • 1922 $1 PCGS PR67.  Modified High Relief (Judd-2020).  Satin (or “Bright”) finish.  A total of 3,200 production trial examples were struck, but only a few were not subsequently destroyed.  This surviving example is believed to be one of the first made and produced on a Mint press used to strike medals to bring up the Peace dollar design details.
  • 1922 $1 PCGS MS65.  Modified High Relief (J-2020, same die pair as the preceding coin).  It has the number “3200” inked in the left obverse field indicating it was the last coin struck from the production run of 3,200 before the obverse die failed.  It was struck on a normal production press.
  • 1922 $1 PCGS MS67.  Low Relief (Early hub dies, as adopted, but with the B1 reverse).  It was pulled from production when the press indicator reached 140,000 coins struck.
  • 1922 $1 PCGS MS67.  A second Low Relief, early hub dies example, pulled from production at the same time as the preceding coin.
A discovery coin, this 1921 Peace dollar, PCGS SP64, has a normal High Relief design, but with a sandblasted and antique finish.

A discovery coin, this 1921 Peace dollar, PCGS SP64, has a normal High Relief design, but with a sandblasted and antique finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

1922 Low Relief, Early Hub Dies Peace dollar, PCGS MS67.

1922 Low Relief, Early Hub Dies Peace dollar, PCGS MS67.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

Another 1922 Low Relief, Early Hub Dies Peace dollar from the Baker Estate, also graded PCGS MS67.

Another 1922 Low Relief, Early Hub Dies Peace dollar from the Baker Estate, also graded PCGS MS67.

“This remarkable assemblage traces the transition from the High Relief design of 1921 to the Low Relief design of 1922, and all of the intermediate steps,” said Guth.

“The higher striking pressures required to bring up the full details of the 1921 Peace Dollar caused the dies to fail prematurely.  In an attempt to solve this problem, Mint employees lowered the relief of the design, but only slightly.  These coins are known as the Modified (or Medium) Relief design, but they failed for the same reason as the 1921s.  Ultimately, the design details were reduced drastically, as seen on all of the circulation strike Peace Dollars from 1922 to 1935,” Guth explained.

One of the coins in the group can be tied directly to a January 8, 1922 letter from Mint Superintendent Freas Styer when he sent three 1922-dated experimental coins to Mint Director Baker.  Superintendent Styer wrote: “…the coin marked ‘3200’ was the thirty-second hundredth piece struck – the last before the die sunk.”

Guth stated:  “The historic importance of that coin is immeasurable. This is one of the rare instances when a particular coin can be tied positively to contemporary correspondence.”

Circumstantial evidence supports a claim that the 1922 “Bright” finish Modified High Relief was also included with that letter.  The “Sandblast” finish coin cited in the letter remains unidentified.

Earlier this year, PCGS certified the finest 1922 Matte Finish High Relief Peace dollar, graded PCGS PR67, that also originated from Mint Director Baker’s estate.  It will be one of the featured exhibits in the official Museum Showcase display at the ANA 2014 Chicago World’s Fair of Money, August 5 – 9, courtesy of collector Bob R. Simpson of Texas and Legend Numismatics of New Jersey (www.legendcoin.com).

Since its founding in 1986, Professional Coin Grading Service experts have authenticated and graded over 27 million coins with an estimated market value of $27 billion.  For additional information about PCGS services, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

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Legend Numismatics Hot Topics (The Pogue Collection)

July 8, 2014 in Antique Coins, Auctions, Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, Silver, Silver Coins, USA Coins

Legend Numismatics Hot Topics (The Pogue Collection)

A commentary by Laura Sperber From Legend Numismatics

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