You are browsing the archive for Grading.

by admin

Time for the olde guard to wake up to new technology

October 28, 2017 in Blogs, Coin Grading, Coins, Collecting, Education, Grading, History, Numismatica, Numismatics, Opinion, Technology

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

I have a tremendous amount of respect for the people who have been in the numismatic industry and has been responsible for keeping alive and solid over the last number of years. Their knowledge of the art and business of numismatics are invaluable. I wish some would write more about what they know. However, the […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

Share Button

by admin

NGC Adds to its Numismento Line

August 10, 2017 in Blogs, Coin Grading, Coins, Collecting, Education, Grading, History, Numismatica, Numismatics, Opinion, US Mint, USA Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

Going through my email, I found a note from Numismatic Guarantee Corporation announcing a new label for the 10-coin 225th Anniversary Enhanced Uncirculated Coin Set. The label has the image of “Ye Olde Mint,” the mid-19th century picture of the original U.S. Mint building in Philadelphia. Funny thing is that the outrage of putting a […]

Source: Coin Collectors Blog (CoinsBlog.ws)

Share Button

by admin

U.S. Mint Anchors Last Long Beach Expo of the Year

August 10, 2017 in Auctions, Clubs and Associations, Coin Grading, Coin Shows, Coins, Collecting, Collector Sets, Conventions, Education, Entertainment, Events, Fun, Gold, Gold Coins, Grading, History, Investing, Numismatic Societies and Clubs, Numismatica, Numismatics, Offers, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, US Mint, USA Coins, World Coins, Young Collectors

For immediate release
August 9, 2017

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

U.S. Mint Anchors Last Long Beach Expo of the Year

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

(Long Beach, California) – It’s time for the last Long Beach Coin, Currency, Stamp and Sports Collectible Expo (www.LongBeachExpo.com) of the year, and as usual, the show is filled with fun for everyone. The three-day event will feature coin giveaways, the latest offerings and unveiling of a new 5 ounce silver coin from the United States Mint, and the display of two award-winning world coin sets.

Held September 7-9, 2017, the Long Beach Expo showcases collectibles from over 500 dealers, featuring everything from coins to cards.

“We’re thrilled to close out our Expo year with offerings from the U.S. Mint, which will be displaying and selling beautiful commemoratives, proof sets and more, including their brand-new 5 ounce coin, the Ellis Island 2017 5 Ounce Silver Coin, and the display of beautiful world coin sets brought to you by the PCGS Set Registry is sure to attract crowds. As always, we will host our coin giveaway, where a lucky attendee is chosen each day to win a gold coin, and PCGS will be offering on-site grading and exclusive show offers,” said Long Beach Expo President Cassi East.

Any attendee can enter to win a gold coin simply by registering online. Winners will be announced each day of the show at 1 p.m.

The official auctioneer of the Long Beach Expo, Heritage Auctions, will host four Signature Auctions, featuring U.S. Coins, World Coins, U.S. Currency and World Currency, from Wednesday, September 6 through Saturday, September 9.  Attendees are encouraged to visit the Heritage Lot Viewing room (104-A), located upstairs in the lobby area, to see the actual coin and currency items that will be in the auctions.

The Mint returns to the Long Beach Expo (booth #1535) after showcasing their groundbreaking American Liberty 225th Anniversary gold coin earlier this year, and they will be displaying the 225th Anniversary Four-Medal set, featuring four medals from four different mints with four different finishes. The medal set has reverse proof, proof, an enhanced uncirculated and uncirculated medal. The Mint is also launching their latest coin, the Ellis Island 2017 5 Ounce Silver Coin, which is available for purchase starting September 7, the first day of the show. Visitors can purchase or simply view the Mint’s latest offerings.

Also on the coin side, PCGS (www.PCGS.com) will be in attendance (booth #807) and offering on-site grading, as well as accepting submissions of all service levels.  Additionally, the brand-new coin price magazine, Rare Coin Market Report, will be distributed free of charge by PCGS at booth #1.

The bi-monthly magazine features up-to-date coin price info on PCGS-graded coins and fun, educational articles written by numismatic experts, like PCGS CoinFacts President Ron Guth.

“The Long Beach Expo presents a great opportunity to research a coin in the RCMR, visit booths like the U.S. Mint, purchase a coin and then return to the PCGS booth for grading. You can literally experience, all in one venue, the pivotal steps of coin collecting,” said PCGS President Don Willis.

McVey Collection: Two award winning world coin sets will be on display at booth #1535

McVey Collection: Two award winning world coin sets will be on display at booth #1535

Two beautiful world coin sets will be on display at the Set Registry booth (#1148): the McVey Canadian dollar date set and the McVey Mexico Silver Peso date set.

The 28-coin McVey Canadian dollar date set, circulation strikes, spans from 1935 to 1967 and features the portraits of three British monarchs: George V, George VI and Elizabeth II.  While, the award-winning McVey Mexico Silver Peso set features 41 silver pesos with two reverse designs.

“We always love to showcase world coins when the opportunity arises. Both of these sets are quite the spectacle, and we encourage show attendees to visit our booth and see these sets in person,” said PCGS Set Registry Director BJ Searls.

PCGS Co-Founder David Hall will be conducting “Meet the Expert” sessions, which is an opportunity for the public to bring their coins to the show and have them examined by a numismatist with decades of experience. Sessions take place from 1 p.m. to 2 p.m. on Thursday, September 7, and Friday, September 8, and from 12 p.m. to 1 p.m. on Saturday, September 9.

A staple of the Long Beach Expo returns with the Kids Treasure Hunt. Children visiting the Expo can earn free coins by participating in the fun, which will take place on Saturday, September 9, from 11 a.m. to 2 p.m.

Kids can also participate in numismatic youth activities at booth #861, including America The Beautiful Quarter Trivia and a memory game involving world currency. Children have the opportunity to win quarters and currency during the fun.

The Long Beach Coin, Currency, Stamp and Sports Collectible Expo takes place Thursday, September 7, through Saturday, September 9. Show hours are 10 a.m. to 7 p.m. from Thursday to Friday, and 10 a.m. to 5 p.m. on Saturday. The Long Beach Expo will take place at the Long Beach Convention Center, located at 100 South Pine Ave, Long Beach, CA.

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance online.

Discounted tickets are available at  www.LongBeachExpo.com. Simply select ‘Get Passes,’ and enter the promo code: EXPOPR.

        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.

### 

Share Button

by admin

Dismantling a Roosevelt dime collection

July 18, 2017 in Auctions, Blogs, Coins, Collecting, Collector Sets, Education, Fun, Grading, News, Numismatica, Numismatics, Opinion, USA Coins

By: Michael Bugeja  News.CoinUpdate.com (Coin Update News)

Last year I won a stunning set of Jefferson nickels and wrote about it for Coin Update, explaining the process to dismantle a set (i.e., removing high-end coins for holdering). The process involves identifying toned coins, which command a premium, then checking for rare varieties or mint errors, and finally, selecting coins based on eye appeal and strike.

With regard to Jefferson nickels, premiums for strike occur with full steps (at least 5) on the reverse Monticello.

This month I won a premium set of Roosevelt dimes (circulation strikes) with a bid of $110 ($128.70 realized price) in an online Proxibid… Full article at the source>

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

Share Button

by admin

A lesson in how not to compare grading services

July 9, 2017 in ANACS, Auctions, Blogs, Coin Errors, Coin Grading, Coins, Collecting, Education, Grading, Investing, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins, World Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

Every so often I will read something and even though I agree with the premise and possibly the hypothesis, I disagree with the method. This is what happened when I read “How do late ANACS slabs stack up with modern PCGS?” This article by Michael Bugeja at Coin Update is not the first of its […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

Share Button

by admin

How do late ANACS slabs stack up with modern PCGS?

July 1, 2017 in ANACS, Coin Grading, Coins, Collecting, Education, Grading, News, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service)

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

Viewers of Coingrader Capsule know we test modern holdering companies, especially against the widely held half-truth / half-myth that early graders were more conservative than those of today. You can view several posts about that in Coin Update.

Here’s one of the first that I did in 2011, titled “Old Green Holders” [ain’t what they used to be]. Here’s another about “Inconsistencies of Old Green Holders.”

In the end, the earlier graders may have been stricter more often than not, but also more inconsistent than top-notch graders for PCGS and NGC. So I decided to crack out and test these quarter…Full article at the source>

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

Share Button

by admin

Exaggerated descriptions plague coin auctions

June 19, 2017 in Auctions, Coins, Coins for sale, Collecting, E-commerce, Education, Ethics, Grading, Investing, News, Numismatic Crimes, Numismatica, Numismatics, Online Tools, Opinion, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

I am growing weary reporting exaggerated descriptions in online coin auctions hosted by major portals, such as Proxibid and eBay. While it is difficult for those portals to monitor all lots in multitudes of auctions, it nevertheless hurts the hobby when hyped descriptions are not reported.

Here are just a few recent examples. I could provide many more, but these deal with coin rolls, raw coins, and holdered coins by eBay-approved and unapproved companies.

Let’s start with the “never opened” roll (hover cursor over images to zoom)… Full article at the source>

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

Share Button

by admin

Grading Capped Bust half dollars

May 10, 2017 in Antique Coins, Coin Grading, Coins, Collecting, Education, Grading, Half Dollars, History, Investing, News, Numismatica, Numismatics, Online Tools, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

Grading Capped Bust half dollars is a challenge, especially to new hobbyists unaccustomed to the series, which ran from 1807 to 1839 and which continues to be popular because many of the dates are affordable and come with a large selection of die varieties (including overdate strikes).

We’ll save overdates for a future column. This post concerns circulation (business) strikes. The denomination was used heavily in circulation, and that accounts for the typical wear you will see on the high points of the obverse and reverse.

The grading basics of this post concern high points where wear is readily distinguishable: the raised… Full article at the source>

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

Share Button

by admin

Plans Announced for 2017 PNG-ANA Numismatic Trade Show

April 12, 2017 in ANA (American Numismatic Association), Clubs and Associations, Coin Shows, Collecting, Conventions, Events, Grading, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, USA Coins

For immediate release
News media contact:

Robert Brueggeman, 951-587-8300

 

Plans Announced for 2017 PNG-ANA Numismatic Trade Show

(Denver, Colorado) April 12, 2017 – The first 50 public attendees at the 2017 PNG-ANA Numismatic Trade Show in Denver, Colorado, July 31, 2017, will each receive a certificate good for $100 off any purchase of $500 or more from a participating PNG member-dealer at the show.

For the convenience of collectors and dealers, the 2017 event jointly conducted by the Professional Numismatists Guild (www.PNGdealers.org) and the American Numismatic Association (www.money.com) will be held on one day instead of three.  This year’s PNG-ANA Numismatic Trade Show will be held in Hall F of the Colorado Convention Center, 700 14th Street, Denver, site of the ANA World’s Fair of Money® that begins the next day.

Representatives of Numismatic Guaranty Corporation (www.NGCcoin.com), the official rare coin authentication and grading service of PNG and ANA, and representatives of Professional Coin Grading Service (www.PCGS.com) will be on-site to accept submissions during the show.

“The PNG-ANA show gives you the upfront opportunity to see the best material available from the top dealers as well as an early opportunity to offer coins, bank notes, tokens and medals for sale to top buyers,” said PNG Executive Director Robert Brueggeman.

“It’s the biggest week in numismatics, but you can take your time in a less crowded, more relaxing environment the day before the general public arrives for the ANA show,” added PNG President Dana Samuelson.  

The PNG-ANA Numismatic Trade Show will be open to the public from 10:00 am to 4:00 pm, Monday, July 31. Public admission is $5 at the door; however, admission will be free for everyone who pre-registers for free admission at www.PNGdealers.org.

To pre-register and for additional information about the show and the availability of dealers’ tables for PNG and ANA member-dealers, visit online at www.pngdealers.org/png-events or contact the Professional Numismatists Guild by phone at 951-587-8300 or by email at info@pngdealers.org.

Share Button

by admin

PCGS To Attribute Branch Mint Marks on Silver Eagles

April 6, 2017 in Coins, Collecting, Grading, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Precious Metals, Press Releases, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

PCGS Logo

Professional Coin Grading Service logo

April 6, 2017

Media contact: Steve Sloan, (949) 567-1223

PCGS To Attribute Branch Mint Marks on Silver Eagles

UPDATE 4/7/2017 9:22AM PST: For 2014-2017 boxes that have a sticker on the side that includes the designation “WPM”, PCGS believes that these boxes, regardless of their serial number, originated in West Point. Therefore, at this time, and until we receive further clarification from the U.S. Mint, we will not be attributing such boxes to Philadelphia or San Francisco.  

Acting upon the original documents provided to Coin World in response to a Freedom of Information Act (FOIA) request, Professional Coin Grading Service is pleased to announce that it will attribute certain 2014 through 2017 American Silver Eagles with a “mint mark” indicating where the coin was struck.

Officially, American Silver Eagles during this period were minted at the West Point Mint, and in fact, most American Silver Eagles were in fact struck at that branch. However, due to high demand, the U.S. Mint used the facilities in San Francisco and Philadelphia to augment the production of the West Point Mint.

Until now, the information about how many American Silver Eagles were made in each of the other branches has not been released to the public. Instead, the Mint’s figures officially reflected the total mintage, and listed those mintages as having been produced at West Point.

However, the FOIA documents reveal a method of identifying where a given box of Silver Eagles was minted. Following this method, PCGS will attribute coins from such boxes as having been produced at the branch mint at which it was made.

For example, a Silver Eagle minted in Philadelphia in 2015 would be attributed “2015-(P)”. The mintage figures, and how to identify them, are set forth in the tables below.

 

San Francisco Mint

Year

Mintage

Box #/Identification

2014

7,025,000

Red banding

2015

0

N/A

2016

4,650,000

Various 6 digits starting with 4

2017

3,000,000

Various 6 digits starting with 4

 

Philadelphia Mint

Year

Mintage

Box #/Identification

2014

0

N/A

2015

79,640

Various 5 digits starting with 1

2016

1,151,500

Various 6 digits starting with 5

2017

1,000,000

Various 6 digits starting with 5

 

West Point Mint

Year

Mintage

Box #/Identification

2014

23,450,000

Various 6 digits; All WP started in 1,2, or 3

2015

46,920,500

Various 6 digits; All WP started in 1,2, or 3

2016

31,900,000

Various 6 digits; All WP started in 1,2, or 3

2017

5,425,000

Various 6 digits; All WP started in 1,2, or 3

Owners of Mint-sealed boxes of American Silver Eagles from 2014 to 2017 can find the box number, which is written in black marker, and determine the specific branch mint.

Contact Mark Stephenson (mark@collectors.com) or Daniel Kedem (dkedem@collectors.com) for more information on PCGS Bulk Services, including how to submit bulk quantities of 2014 to 2017 American Silver Eagles.

Founded in 1986 by distinguished numismatic experts, Professional Coin Grading Service is the most respected coin authentication and grading company in the world and has offices in Hong Kong, Shanghai, Paris and the United States. For more information on PCGS and its services, visit www.PCGS.com.  

Editor’s Note: PCGS is continuing to research this matter. Since publishing this press release, PCGS has been alerted to the fact that the FOIA response may be incomplete with respect to the 2015 Philadelphia Silver Eagles; we are pursuing clarification from the U.S. Mint. For up to date information, please contact Mark Stephenson at mark@collectors.com or Daniel Kedem at dkedem@collectors.com.

Share Button

by admin

More Bidding Basics: Buy It Now & Make Offer “Deals”

March 18, 2017 in Auctions, Coin Grading, Coins, Coins for sale, Collecting, E-commerce, Ebay, Education, Grading, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

Every now and then we need to monitor the major online coin portals in our “Bidding Basics” series—this time, concerning “Buy It Now” and “Make Offer” deals on Proxibid and eBay.

Some general rules:

  • Never bid on raw coins unless you are an expert grader, trust the seller, can view excellent photos, and can return the coin if unsatisfied.
  • Never bid on coins in bottom-tier slabs unless you spot a mistake like a rare error or variation that isn’t listed on the label.
  • Consider not wasting time on “Buy It Now” offers unless you need the coin or currency for your collection… Full article at the source>

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

Share Button

by admin

Milk Spots on Modern Silver Coins: How Big of an Issue?

February 15, 2017 in Coins, Collecting, Education, Grading, News, Numismatica, Numismatics, Opinion, Precious Metals, Silver, Silver Coins, US Mint, USA Coins, World Coins

By: Louis Golino News.CoinUpdate.com (Coin Update News)

For at least the past decade, articles have appeared periodically in the numismatic media about the issue of white-colored discoloration, known as milk spots, that appear on some modern silver coins. The issue has also figured prominently in the numismatic blogosphere, where it is a hot topic of discussion among collectors and silver stackers, who often express their anger, irritation, and frustration about seeing their coins develop these spots.

But considering how important the issue is in terms of its impact on the value of coins and the market for them, it is striking that milk spots have not received a… Full article at the source>

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

Share Button

by admin

‘Coin Worthy of a King’ Graded by PCGS, Will Appear at Long Beach

February 9, 2017 in Antique Coins, Coin Grading, Coins, Collecting, Education, Entertainment, Gold, Gold Coins, Grading, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, USA Coins

February 9, 2017
Media contact: Steve Sloan, (949) 567-1223

‘Coin Worthy of a King’ Graded by PCGS,
Will Appear at Long Beach

 

PCGS 30th Anniversary logo

PCGS 30th Anniversary logo

(Newport Beach, California) – The finest known of only two 1861 Philadelphia Mint Paquet Reverse Double Eagles has been graded MS67 by PCGS. The rare coin, formerly owned by King Farouk of Egypt and known as the Norweb Specimen, is insured for $8,000,000 and will be publically displayed at the upcoming February 16-18 Long Beach Expo.  

“PCGS is honored to grade such a rare and important coin. Now that the Norweb Specimen has been graded PCGS MS67, both known 1861-P Paquet Reverse Eagles are graded by PCGS, the other being the PCGS MS61 Dallas Bank Specimen,” said PCGS President Don Willis.

Of all regular issue U.S. Double Eagles, the 1861-P Paquet Double Eagle is the rarest. For years, this coin was considered a pattern, until research concluded the coin was meant for circulation before the mintage was melted down after a defect in the dies was discovered. Somehow, two examples survived.

[Reverse in PCGS Holder]: The finest known 1861-P Paquet Reverse Double Eagle was recently graded MS67 by PCGS.

[Reverse in PCGS Holder]:
The finest known 1861-P Paquet Reverse Double Eagle was recently graded MS67 by PCGS.

“This Paquet Reverse is one of the great United States gold coin rarities and one of the best coins PCGS has ever graded,” stated PCGS founder, David Hall.

The pedigree of this virtually flawless 1861-P Paquet Double Eagle dates back to the Woodward Sale of March 1865, when the coin sold for $37, a remarkable price for the time considering the coin had been struck only four years prior.

The 1861-P Paquet Reverse was recently privately sold by Brian Hendelson, President of Classic Coin Co. of Bridgewater, New Jersey, for an undisclosed amount to Larry Lee, President of Coin and Bullion Reserves of Panama City, Florida.

“When a coin of such pedigree becomes available, you have to jump on the opportunity. It has been called virtually flawless; it has been called perfect, and it has been owned by leaders of the numismatic field throughout its fascinating history. I am thrilled to have this coin, now graded PCGS MS67, in my collection,” said Larry Lee.

PCGS CoinFacts (www.PCGScoinfacts.com) states that the 1861-P Paquet Reverse is slightly modified from the regular version. When engraver Anthony C. Paquet of the Philadelphia Mint began designing the reverse in 1859, he endowed slight yet notable differences. The coin’s lettering on Paquet’s version is tall and slender compared to the short, broad lettering of the traditional reverse. Also, the crown-like display of stars positioned above the eagle’s head is larger on Paquet’s coin, with the top stars prominently displayed beneath rays of sunlight. The same stars are partially buried on the regular reverse.

TrueView Image A high-resolution TrueView image of Larry Lee’s famed Paquet Reverse, graded PCGS MS67.

TrueView Image A high-resolution TrueView image of Larry Lee’s famed Paquet Reverse, graded PCGS MS67.

The rarity will make its first West Coast public appearance in the coming weeks, courtesy of Larry Lee, at the Long Beach Expo (www.LongBeachExpo.com).  Visitors to the show, held February 16-18, will have the opportunity to view the coin in person at the PCGS booth.  Free passes to the coin show are available using the promo code EXPOPR.  

For information about PCGS services, including the current February 2017 Crossover Special, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

 

###

 

Share Button

by admin

5 “Must Have” Books for all coin collectors

December 6, 2016 in Blogs, Coin Grading, Coins, Collecting, Education, Entertainment, Fun, Grading, History, Investing, Numismatica, Numismatics, Opinion, Rare Coins, Reference, USA Coins

By: Angela Raymond Liberty Coin and Currency Blog

red-book-2017

Coin collecting can be very daunting at times, but the authors of these books have given numismatists the knowledge they need to guide themselves through the world of coins. Making sure to include as much information as possible in these excellent reference books, collectors and coin enthusiasts can feel more at ease when completing their next purchase.

The Whitman Guide to Coin Collecting

This must have book is an informative guide teaching every newcomer what they need to know. From collecting supplies, how to identify a fake… Full article at the source>

Source: Liberty Coin and Currency Blog

Share Button

by admin

Computerized Grading, Part 3: What a Startup Might Look Like

November 19, 2016 in Coins, Collecting, Education, Grading, News, Numismatica, Numismatics, Opinion

By: Kendall Bailey News.CoinUpdate.com (Coin Update News)

So far, we have covered why an impartial and automated grading option would be beneficial and how the machine itself could possibly function.

Unfortunately, I do not foresee any of the current major grading companies working to develop this level of technology. It would be irresponsible of them to try. Building a computer that can identify, authenticate, and grade coins is going to be a cash-hungry black hole for a large company. The amount of funding it would take to get the computer fully functional, especially to accurately grade Mint State coins, where eye appeal is a factor, would put too… Full article at the source>

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

Share Button

by admin

Computerized Grading, Part 2: Can We Teach a Computer to See?

November 4, 2016 in Blogs, Coins, Collecting, Education, Grading, News, Numismatica, Numismatics, Opinion, Photography

By: Kendall Bailey News.CoinUpdate.com (Coin Update News)

see (verb)—Perceive with the eyes; discern visually.

Can we teach a computer to see?

Three components are necessary for sight to happen. First, you need an eye, something to detect light. In the mechanical world, a camera would serve this function.

Second, you need a brain to decode the messages being passed along the optic nerve. A computer with a software package can accomplish this.

Third (and this is the most critical), you need cognition—that is, the ability to understand what is being seen. For instance, when we see a yellow car with a small sign on top and the letters T-A-X-I on both… Full article at the source>

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

Share Button

by admin

High-End Sets Usually a Bargain — This One Was Stunning

November 4, 2016 in Auctions, Coin Grading, Coins, Collecting, Collector Sets, Education, Fun, Grading, History, News, Nickel Coins, Numismatica, Numismatics, Opinion, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

nickel

As you can see, I won this Jefferson nickel set in a Capitol Coin Auction on Proxibid. The set was described as special, and because I trusted auctioneer Brad Lisembee’s numismatic skills, I bid $300, with the set coming in a hundred less than my maximum.

I was not disappointed. Nearly every nickel was gem, as he stated, although some were duplicates of the same date put in a spare slot in the Dansco album. For instance, there was no 1938. A 1938-D was placed there instead.

This article explains how to dismantle a set of coins. First, you want to identify… Full article at the source>

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




Share Button

by admin

End of October Report

October 29, 2016 in Coin Dealers, Coin Shows, Coins, Coins for sale, Collecting, Education, Events, Gold, Grading, Investing, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins, World Coins

By Jose Legend Numismatics Market Report

Disappointing month

Typically October is a very good month for us. In the end, our numbers were big-but it was from 3 bigger deals. The flow of traffic to our web site and the business from it was clearly off (although we did enjoy one really good week). That bothers us tremendously. At time we wondered if we pissed the world off or what is going on. We do know it is not just us. October has turned out to be a slower month for anyone not deeply involved in better gold. Fortunately our biggest deal was well over $2,000,000.00, did… Full article at the source>

Source: Legend Numismatics Market Report

Share Button

by admin

Whoever Figures Out Computerized Grading Will Be the Steve Jobs of Numismatics

October 15, 2016 in Coin Grading, Collecting, Education, Grading, History, News, Numismatica, Numismatics, Opinion, USA Coins, World Coins

By: Kendall Bailey News.CoinUpdate.com (Coin Update News)

wlhs

Is the numismatic world ready for computerized grading?

For the past three decades we’ve relied on the opinions of others to evaluate and authenticate our coins. Are we ready to turn away from human opinions in favor of computer analytics? Most people don’t even like change—let alone embrace it—so I’d like to remind you of the baggage that comes along with human grading. Two pieces of baggage, really.

1. Inconsistency

Easily the most frequent complaint about the current third-party graders is a lack of uniformity. Opinions differ between companies, which is to be expected, but opinions often differ within companies. It is not… Full article at the source>

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

Share Button

by admin

Review of National Numismatic Certification

September 6, 2016 in Coin Grading, Coins, Collecting, Grading, Investing, News, Numismatica, Numismatics, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

NNC

Increasingly I have been seeing slabs by National Numismatic Certification, a Florida firm, whose coins I sometimes bid on despite its grading being inconsistent at times, with flaws that would disqualify coins at PCGS or NGC. But that’s not an issue if you know how to grade, because some NNC-holdered coins are grade-worthy and, on occasion, near what a top company might award.

Please keep this review in perspective. CoinUpdate reviews books, services, and other aspects of the hobby. This is not an endorsement to submit coins to NNC, nor is it a warning not to. There are two… Full article at the source>

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

Share Button

by admin

NFC Tags and the Fight Against Counterfeiting

September 5, 2016 in Coin Grading, Coins, Collecting, Counterfeit, Education, Fake Coins, Grading, Investing, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Kendall Bailey News.CoinUpdate.com (Coin Update News)

nfc tag 1smaller

It seems we can hardly go a week without hearing of new counterfeit coins surfacing. It is a problem as old as the hobby it continually undermines. Keeping collectible coins honest is especially troublesome today because counterfeiters have become quite adept at thwarting the security precautions employed by third party graders (TPGs). It is a predicament for collectors and dealers alike as it creates instances of distrust between buyer and seller.

The grading companies attempt to combat fakers’ efforts with a barrage of security precautions. TPGs use features like holograms, micro printing, serial numbers that are searchable on their websites, special… Full article at the source>

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

Share Button

by admin

Grading Results of Cleaning and Old Green Holders

August 22, 2016 in Antique Coins, Coin Grading, Coins, Collecting, Education, Grading, News, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

safecleaning3

Remember these coins? Two on the right were cleaned with MS70 detergent and two with an undisclosed dilution of water and Jewel Luster, a dipping product. All were cracked out of PCGS holders to test cleaning and grading consistency.

 

You can read about the perils of cleaning in this prior Coin Update post, focusing on these coins.

The dipped coin received a one-half upgrade to 64+. The other three graded MS-64, aligning with the old green holder grades. Again, as… Full article at the source>

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

Share Button

by admin

Why are so Many 19th Century-Dated Gold Issues so Rare with Original Color and Choice Surfaces?

June 7, 2016 in Antique Coins, Blogs, Coin Grading, Coins, Collecting, Education, Gold, Gold Coins, Grading, History, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)

Many collectors of 19th century rare date gold (finally) appreciate coins with natural color and choice surfaces. I’m not sure that there is an actual consensus amongst these collectors about what “natural” color actually is but I, for one, am glad to see dirty gold more appreciated than its bright, shiny counterparts.

As collectors become more insistent on originality, they are quickly discovering that many 19th century issues are extremely hard to locate with a nice, natural appearance. Why is this?

I believe that the answer(s) to this question is actually more complex than generally assumed, and it encompasses a century old… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

Share Button

by admin

Cracking Out Top-Tier Holders

March 12, 2016 in Certified Acceptance Corporation (CAC), Coins, Collecting, Education, Grading, News, NGC (Numismatic Guaranty Corporation ), Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins, World Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

ngccrackout1

Some believe that when a top-tier grading company such as PCGS, NGC, ANACS or ICG slabs a coin, it is the last word on the grade. However, after a numismatist gains sufficient expertise, he or she can spot an under-graded coin, or what is perceived to be one.

In this article we are discussing crack-outs, not crossovers, or resubmissions. NGC only considers crossovers from PCGS, a policy I have criticized repeatedly here, especially when the coins are slabbed by ANACS and ICG. If you want to learn about choosing candidates for crossover and resubmission, click here.

The crack-out… Full article at the source>

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

Share Button

by admin

PCGS Analysis Confirms Two More Virtually Pure Copper Judd-2 1792 Pattern Cents

February 26, 2016 in Antique Coins, Cents, Coins, Collecting, Copper, Copper Coins, Education, Grading, History, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, US Mint, USA Coins

For immediate release
February 26, 2016

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

PCGS Analysis Confirms Two More
Virtually Pure Copper Judd-2 1792 Pattern Cents

 

This 1792 J-2 pattern cent owned by California collector Alan Weinberg is nearly pure copper, according to PCGS. (Photo credit: PCGS CoinFacts.)

This 1792 J-2 pattern cent owned by California collector Alan Weinberg is nearly pure copper, according to PCGS. (Photo credit: PCGS CoinFacts.)

Professional Coin Grading Service (www.PCGS.com) recently had the unique opportunity to perform metallurgical testing on two different examples of the extremely rare 1792 Pattern Cent.  Both were shown to have been made of essentially pure copper instead of a “fusible alloy” containing copper and a small portion of silver.  

“The results give a clearer picture of how the U.S. Mint experimented on the earliest American coins in preparation for official coining in 1793.  At least three of the nine known 1792 Cents originally designated as the Judd-2 variety now are confirmed to be composed of virtually pure copper,” said Ron Guth, President of PCGS CoinFacts (www.PCGSCoinFacts.com), the Internet’s most comprehensive source for information about United States coins.

“This represents a major step forward in our understanding of early American numismatics, plus it was the first time these two rarities have been together in 224 years.  Working with the owners of the two 1792 cents, PCGS arranged for an in-house, non-invasive metallurgical analysis of their coins,” explained Guth.   

PCGS confirmed the Wolcott specimen 1792 J-2 cent is essentially pure copper. (Photo credit: PCGS CoinFacts.)

PCGS confirmed the Wolcott specimen 1792 J-2 cent is essentially pure copper. (Photo credit: PCGS CoinFacts.)

One of the recently tested Judd-2 cents has been owned by collector Alan Weinberg of California since 1988 when he purchased it at a Bowers and Merena auction.  Its pedigree includes the Lorin G. Parmelee, Virgil Brand and Norweb collections.  Although uncertified, PCGS estimates its grade as EF45, making it the second finest known.

The other recently tested coin, graded PCGS VF35, was unknown until 2004 when the Wolcott family from southwestern New York State brought their inherited coin to the American Numismatic Association World’s Fair of Money in Pittsburgh, Pennsylvania. It was certified by PCGS and its discovery generated nationwide headlines.  Owners since then have included Anthony Terranova, Denis Loring, Legend Numismatics and Bob R. Simpson. The coin now is owned by a collector who wishes to remain anonymous after purchasing it through Heritage Auctions this past January.

A third Judd-2 1792 cent, confirmed to be pure copper, is in the American Numismatic Association Edward C. Rochette Money Museum collection, and graded Good.

Early United States Mint engraver Henry Voight, who also created the 1793 Chain and Wreath cent varieties, designed the Judd-2 variety.

Judd refers to the book, United States Pattern, Experimental and Trial Pieces, a reference guide authored by Dr. J. Hewitt Judd.  Coins listed in the book are classified by Judd numbers, including J-2, the current designation for 1792-dated cents made of pure copper.

“1792 saw a flurry of activity aimed at establishing a mint in the United States.  Congress passed a Mint Act, a Director was chosen, a parcel of land was purchased, a building was erected in Philadelphia and employees were hired,” explained Guth.

“Several one-cent denomination coins were tested that year: a large copper piece known today as the Birch Cent (Judd-4); a smaller copper piece with a silver center (Judd-1); a piece of similar size in pure copper (Judd-2); and a piece of similar size with the copper and the silver center cent melted together into what is known as a ‘fusible alloy’ (Judd did not create a separate listing for such a coin).”  

“Mint records point to their experiment with fusible alloy cents, but none have been confirmed to date (one example tested years ago showed a small fraction of silver, but the margin of error of the test precluded a positive determination).”

The search for a real Fusible Alloy cent continues.  “Hopefully,” concluded Guth, “testing of the remaining 1792 cents will reveal the true nature of these remarkable coins.”

Now celebrating its 30th anniversary since its founding in 1986, Professional Coin Grading Service has become the industry standard in third-party certification.  With offices in California, Shanghai, Hong Kong and Paris, PCGS experts have certified over 32 million coins with a total market value of over 30 billion dollars.

For additional information about PCGS products and services, call 800-447-8848 or email info@pcgs.com.  

###

 

Share Button
Translate »