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Weekly Numismatic World News for October 8, 2017

October 10, 2017 in Blogs, Coins, Collecting, Education, Investing, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

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

Earlier this week, the White House announced the nomination of David J. Ryder to be next Director of the U.S. Mint. If the name sounds familiar it is because Ryder served as the 34th Mint Director from September 1992 through November 1993 after being nominated by President George H.W. Bush. Ryder’s biography in the President’s […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Whitman Publishing releases new Q. David Bowers book on the secrets of smart coin-buying

October 8, 2017 in Books, Coins, Collecting, Education, Entertainment, Investing, News, Numismatica, Numismatics, Rare Coins, USA Coins, World Coins

By: Dennis Tucker News.CoinUpdate.com (Coin Update News)

(Pelham, Alabama) — Whitman Publishing announces the release of the newest book by Q. David Bowers. Inside the Rare Coin Marketplace: Secrets to Being a Smart Buyer debuted October 1, 2017. The 320-page full-color volume is available online (including at the website of Whitman Publishing) and in bookstores and hobby shops nationwide for $14.95.

Inside the Rare Coin Marketplace shares Bowers’s more than 60 years of experience as a coin collector, professional dealer, award-winning author and researcher, and past president of the American Numismatic Association. He tells how to build a meaningful and significant coin collection on any budget, for… Full article at the source>

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

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1943-D Bronze Cent makes a TV appearance, sort of

October 6, 2017 in Antique Coins, Auctions, Blogs, Bronze, Bronze Coins, Coins, Collecting, Education, Entertainment, Fun, History, Investing, Numismatica, Numismatics, Opinion, Pennies, Rare Coins, USA Coins

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

Fans of the NBC show The Blacklist that watched on Wednesday, October 4, would have noticed there was a numismatic role added to the script. Raymond Reddington, played by James Spader, was trying to gain the attention of a high-rolling thief and found himself at a numismatic auction. The item up for bid was the […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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A new book for the serious coin collector: Inside the Rare Coin Marketplace

September 18, 2017 in Books, Coins, Collecting, Education, History, Investing, News, Numismatica, Numismatics, Rare Coins, USA Coins

By: Dennis Tucker News.CoinUpdate.com (Coin Update News)

“Buy the book before the coin” is good, solid, often-quoted advice for newcomers to the hobby. Frankly, it’s guidance for a lifetime of collecting; we should all heed it well beyond the beginner stage. And fortunately for today’s hobbyist, this advice has never been easier to follow—thanks in large part to one incredibly productive author, Q. David Bowers.

Numismatic publishing has experienced a renaissance, an exciting boom, over the past 15 years. Dave Bowers joined forces with Whitman Publishing in 2003 as the company’s numismatic director and as research editor of the Guide Book of United States Coins (the hobby’s best-selling… Full article at the source>

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

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Weekly Numismatic World News for September 17, 2017

September 18, 2017 in Blogs, Coins, Collecting, Education, Entertainment, Fun, History, News, Numismatica, Numismatics, Opinion, Rare Coins, Treasure, USA Coins, World Coins

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

As this is being posted I am packing up after working this past weekend at the DC Big Flea Market and Antique Show in Chantilly, Virginia. Since I have been working in the collectibles business, I have been trying to sell at one show a month with DC Big Flea being the show I work […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Liar, Liar, Pants on Fire…

September 2, 2017 in Ancient Coins, Archaeology, Art, Blogs, Coins, Collecting, Education, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Politics, Rare Coins, World Coins

By: Wayne G. Sayles  Ancient Coin Collecting (Wayne G. Sayles)

The Committee for Cultural Policy has pointed out on several past occasions that exaggerated media reports, of Islamic State (ISIS) income from the sale of looted antiquities to art and coin collecting communities, are and have from the start been unfounded. The persistence of outright lies has cast a cloud over the credibility of several major media outlets and their academic “experts” who fed the flame for what is obviously an ideological anti-trade agenda. In their August 2017 newsletter, the CCP presents a report on the findings of a Dutch National Police investigation that flatly debunks… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

September 1, 2017 in Antique Coins, Coin Shows, Coins, Collecting, Education, History, Numismatica, Numismatics, Opinion, Press Releases, Rare Coins, US Government, USA Coins

For immediate release
August 31, 2017

News media contact:
David McCarthy
Office: 415-435-2601
Mobile: 415-847-6305

1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

 

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

(Long Beach, California) August 31, 2017 – After its showcase in August’s World’s Fair of Money, a coin that experts are hailing as the very first coin made by the United States will be displayed during the 2017 Long Beach Expo (www.LongBeachExpo.com)in Long Beach, CA, September 7- 9.

This marks the first public West Coast appearance for the coin, which is now insured for $5 million.

According to researcher David McCarthy of Kagin’s, Inc., there is overwhelming evidence that this is the very first coin ever officially struck by authority of the United States government, a finding hailed by renowned coin expert and author Jeff Garrett as “one of the most exciting developments in modern numismatics.”

The coin is known as the “Plain Obverse Nova Constellatio Quint.” It was once in the hands of one of the USA’s Founding Fathers, Alexander Hamilton, and it is the historic ancestor of the dollar as well as every coin in the Western world using a decimal monetary system, according to McCarthy.

“Although the coin was discovered in 1870, it was misattributed. We now have compelling evidence that it is, ‘the first that has been struck as an American coin,’ as described in the April 2, 1783 diary entry of Founding Father Robert Morris, the government’s first Superintendent of Finance and a signer of the Declaration of Independence,” stated McCarthy.

“The Quint and a subsequent set of coins were created in Philadelphia in April of 1783 under authority of the Treasury some nine years before the next coins would be struck by the U.S. government.  It would have been valued at 500-units in a proposed system that would range from 5 to 1,000 units,” McCarthy explained.

During the 18th Century, several states and private individuals manufactured coins, but this is the first coin that was struck and paid for by the U.S. government, according to McCarthy’s research, which more than a dozen other early American coin experts support.

Following the Civil War, the coin surfaced in New York City, and passed through the hands of some of the 19th Century’s greatest collectors before entering the possession of Johns Hopkins University, where it resided until 1979.

Kagin’s acquired the coin at an auction in 2013.  McCarthy began researching it through the Journals of Continental Congress, the writings of Founding Fathers Robert Morris and Thomas Jefferson, and forensic evidence found on the coins themselves, identifying it as the coin referred to by Morris, the Nation’s first Superintendent of Finance as, “the first that has been struck as an American coin.”

The coin can been seen during the Long Beach Coin, Currency, Stamp and Sports Collectible Expo, Thursday, September 7, through Saturday, September 9. For complete show hours, visit www.LongBeachExpo.com.  

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance with promo code: EXPOPR on www.LongBeachExpo.com.  

        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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A sign of the times?

August 20, 2017 in Ancient Coins, Antique Coins, Archaeology, Blogs, Coin Dealers, Collecting, Education, Foreign Policy, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Rare Coins, World Coins

By: Wayne G. Sayles Ancient Coin Collecting (Wayne G. Sayles)

Over the past decade, collectors of ancient coins have been faced with constant pressure from left wing radicals of academia—particularly the archaeological community leadership and their sycophants. Among the ardent supporters of anti-collector groups are a small but well entrenched cadre of bureaucrats in Washington. The level of governmental infiltration by these cultural property nationalists—bent on eliminating or controlling international trade in cultural property—is in itself cause for some concern. History is replete with examples of ideology supplanting law and individual rights in a quest for social management. It has been the cause of more than… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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Adding Collecting Guides

August 16, 2017 in Blogs, Coins, Collecting, Education, Entertainment, Fun, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

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

Over the last few weeks, I have been working on a few writing projects that include primers about collecting numismatics. While some of these articles have allowed me to repurpose blog posts, I have had to create some content not posted before. In the past, I posted a few including the series on small dollars […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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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.

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Book review: The Gold Indians of Bela Lyon Pratt satisfies coin collectors and American history buffs alike

August 1, 2017 in Antique Coins, Art, Books, Coins, Collecting, Education, Entertainment, Gold, Gold Coins, History, Investing, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins

By: Dennis Tucker News.CoinUpdate.com (Coin Update News)

How often do you read a numismatic book outside of the fields you actively collect?

Some hobbyists stick to their favorite subjects—if they collect Morgan dollars, they read books about Morgan dollars, and don’t stray very far into Buffalo nickels, commemoratives, world coins, or medals and tokens.

Many other hobbyists are like numismatic sponges, happy to absorb as much knowledge as they can from all directions. We see this at Whitman Publishing all the time. Some collectors have favorite authors and would buy a Ken Bressett book whether it’s about U.S. paper currency, English coins, or money used in Biblical times. Some… Full article at the source>

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

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Kagin’s Researcher Pinpoints  1783 Plain Nova Constellatio Quint as First Official USA Coin Struck Historic Coin Will Be Exhibited at ANA Denver World’s Fair of Money, Aug. 1 – 5

August 1, 2017 in ANA (American Numismatic Association), Antique Coins, Art, Coins, Collecting, Education, Entertainment, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, Reference, US Government, USA Coins

News media contacts:
David McCarthy

Office: 415-435-2601  Email: David@kagins.com
Donald H. Kagin, Ph.D.

Office: 415-435-2601  Email:Don@kagins.com

Kagin’s Researcher Pinpoints  1783 Plain Nova Constellatio Quint as First Official USA Coin Struck

Historic Coin Will Be Exhibited at ANA Denver World’s Fair of Money, Aug. 1 – 5

Authorized by Congress, the unique 1783 plain obverse Nova Constellatio “Quint” silver coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units. Photo credit: Image courtesy of PCGS.com

Authorized by Congress, the unique 1783 plain obverse Nova Constellatio “Quint” silver coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units.
Photo credit: Image courtesy of PCGS.com

(Tiburon, California) August 1, 2017 – David McCarthy, senior numismatist at Kagin’s, Inc. of Tiburon, California (www.Kagins.com), has pinpointed the 1783 plain obverse Nova Constellatio Quint pattern (Breen-1102, W-1830) as the first coin officially struck by authority of the United States government, a finding hailed by another U.S. rare coin expert as “one of the most exciting developments in modern numismatics.”

Results of McCarthy’s research on the unique, early American experimental silver coin, that once was in the hands of one of the USA’s Founding Fathers, Alexander Hamilton, are in the August 2017 edition of “The Numismatist,” the official journal of the American Numismatic Association (www.money.org).

Now insured for $5 million, the historic ancestor of the dollar as well as every coin in the western world using a decimal monetary system, will be publicly displayed at the Kagin’s booth, #700, during the ANA 2017 World’s Fair of Money (www.WorldsFairofMoney.com) in Denver, Colorado, August 1- 5.

“It’s a national treasure that was hiding in plain sight until all the pieces of the puzzle recently came together,” said Donald H. Kagin, Ph.D., President of Kagin’s.

“Although the coin was discovered in 1870, it was misattributed. We now have compelling evidence that it is, ‘the first that has been struck as an American coin,’ as described in the April 2, 1783 diary entry of Robert Morris, a signer of the Declaration of Independence and the U.S. government’s first Superintendent of Finance,” explained McCarthy.

“The Quint and a subsequent set of coins were created in Philadelphia in April of 1783 under authority of the Treasury some nine years before the next coins would be struck by the U.S. government.  It would have been valued at 500-units in a proposed system that would range from 5 to 1,000 units,” McCarthy said.

“This was the first use of the vital and enduring decimal system to be established in the western world,” stated Kagin.

During the 1770s and 1780s several states and private individuals manufactured coins, but this is the first coin that was struck and paid for by the U.S. government, according to McCarthy’s research, which a dozen other early American coin experts agreed with before he submitted it for publication.

After examining McCarthy’s research, early American coins researcher and writer John Dannreuther of Memphis, Tennessee, the American Numismatic Association’s 2007 Numismatist of the Year, summed up the findings:

“There is a first United States coin, as we have written evidence (in the April 2, 1783 diary entry of Robert Morris, U.S. Superintendent of Finance) that one was delivered:

‘I sent for (metallurgist) Mr. (Benjamin) Dudley who delivered me a Piece of Silver Coin being the first that has been struck as an American Coin.’

“The only coin that logically could be this coin is the Plain Obverse Quint.

“There are numerous things that bring us to this conclusion, the first being that “Nova Constellatio” is not found on the Plain Legend Quint. One does not remove legends, they are added,” explained Dannreuther.

“Secondly, the number of dies noted in the literature can be made to match only by having one die ground down and reengraved. After overlaying the two Quint types, it became obvious that the Plain Obverse die’s eye matched the with Legend eye. Since this is the highest point of the coin, it is the lowest part of the die, as well as the center, it would be logical to leave a small amount of this area as a starting point for the new die. The rest of the die’s detail was removed by the grinding process, of course.”

“Thirdly, the two Quint dies obviously were engraved by two different hands. Since, we know that the with Legend coins match the other denominations in style, as well as having the “Nova Constellatio” legend, the Plain Obverse has to be the first one – thus, it is the first United States coin,” stated Dannreuther.

American Numismatic Association President Jeff Garrett of Lexington, Kentucky also examined McCarthy’s study prior to publication and stated: “David McCarthy’s research makes a compelling case for the 1783 Nova Constellatio Quint being the ‘First American Coin.’  As such, the historical importance of his research, and the coin, is one of the most exciting developments in modern numismatics!”

Only two examples of the 500-unit coin are known, and each is distinctively different on the front. One has the words, NOVA CONSTELLATIO, Latin for “a new constellation,” while the other example does not have any words. The research demonstrates the coin without the words on the obverse was struck first.

After surfacing in New York City nearly 150 years ago, the coin was carefully preserved in several major collections including Lorin G. Parmelee, S.H. and H. Chapman and Wayte Raymond before becoming part of the Garrett Collection and into the possession of Johns Hopkins University where it resided for much of the 20th century.  Only now, though, has numismatic research brought together evidence that it was the first federal coin made by authority of the U.S. government.

Kagin’s acquired the coin at an auction in 2013 where it was graded PCGS AU53 Secure.  McCarthy began researching it through the writings of Morris and Thomas Jefferson, Continental Congress documents, and forensic evidence found on the coins themselves, and he consulted with other noted experts in early American numismatics.

“While the 1783 Plain Obverse Nova Constellatio Quint is among the most historically significant of all United States coins, it is also one of the most important artifacts in the world,” stated Kagin.  “Nothing defines a nation and its society more than its coinage. Just like great documents such as The Magna Carta or The Declaration of Independence established fundamental principles and tenets for western society, so does coinage reflect a nation’s most important ideals, becoming a primary source of communication for a nation’s beliefs.”  

“By examining the first coin of the United States and the new decimal monetary system that it ushered in, we gain significant insights to the thinking of America’s Founding Fathers concerning what kind of nation they wished to establish,” he continued.

Kagin said the coin’s inscriptions and symbols contain the most important aspects of our fledging nation:

On the Obverse the central devices are:

  • The Eye of Providence—symbolizing the creator’s approval of our nation.
  • A circle of 13 stars –a theme which has endured for 240 years—as an obvious reference to the new constellation formed by the original 13 colonies.

The Reverse central inscription includes:

  • “U.S.” as it proclaims the name of our country for all the world to acknowledge.

This is followed by the denomination—in this case, 500 units or a Quint.  Along with the date, two of the most fundamental and defining issues for Americans then and today are prominently inscribed in Latin so all nations could understand: LIBERTAS (Liberty) and JUSTITIA (Justice).

“This coin, struck in the precious metal silver, was also the very first artifact to present our nation’s new decimal system—in fact, the first use of such a vital and enduring system to be established in the western world,” concluded Kagin.

Kagin and McCarthy made international headlines in 2014 when they assisted an anonymous California couple who discovered the “Saddle Ridge Hoard,” nearly $10 million of 19th century U.S. gold coins buried in rusting tin cans.

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Unintended Consequences

July 31, 2017 in Ancient Coins, Antique Coins, Art, Blogs, Coins, Collecting, Education, History, Investing, Numismatica, Numismatics, Opinion, Rare Coins, World Coins

By: Wayne G. Sayles Ancient Coin Collecting (Wayne G. Sayles)

Three years ago, coin collector and hobby advocate Scott Barman posted on his blog an insightful article about the nature of what others have described as ideologically inspired bureaucratic overreach. He named the post “An Ancient Dilemma” and discussed the issue of unintended consequences in an era of “hyper-partisanship”. Where other members of the coin hobby and trade—including myself on some occasions—have become understandably emotional on this topic, Mr. Barman exhibits a remarkable degree of restraint and appeals both to law and common sense. In the past several years, he has also written other pieces… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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North Carolina joins 35 other states with sales-tax exemptions

July 26, 2017 in Coins, Collecting, E-commerce, Education, History, Investing, Legal, Legislation, News, Numismatica, Numismatics, Rare Coins, US Government

By: Press Release News.CoinUpdate.com (Coin Update News)

On Tuesday, July 25, 2017, North Carolina governor Roy Cooper signed into law House Bill 434: Coins/Currency/Bullion Sales Tax Exemption. The law is a complete sales-and-use tax exemption on coins, currency, and precious-metals bullion sales.

“The bill’s author, Representative Dana Bumgardner, coauthors Representative Jeff Collins, Representative Mark Brody, and Representative Mike Clampitt, along with its Senate sponsor, Senator Bill Rabon, championed the bill through the legislature,” said Mitch Hyatt (Hyatt Coin Shop, Charlotte, North Carolina). “North Carolina coin businesses and collectors owe them a debt of gratitude.”

In the fall of 2016, Hyatt started collaborating with the Industry Council for Tangible Assets… Full article at the source>

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

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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)

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Popular PCGS Price Guide Magazine Makes Return During ANA

July 5, 2017 in ANA (American Numismatic Association), Coins, Collecting, Education, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Rare Coins, USA Coins, World Coins

For immediate release
July 5, 2017

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

Popular PCGS Price Guide Magazine Makes Return During ANA

 

RCMR: The Rare Coin Market Report returns, and World’s Fair of Money visitors can obtain a free copy of the re-vamped magazine at booth 114.

RCMR: The Rare Coin Market Report returns, and World’s Fair of Money visitors can obtain a free copy of the re-vamped magazine at booth 114.

(Denver, CO) – Members of the coin collecting community just got another reason to attend the biggest coin show of the year. During the World’s Fair of Money, August 1-5, 2017, Professional Coin Grading Service (www.PCGS.com) is bringing back its coin pricing publication, Rare Coin Market Report, and distributing free copies to those who visit the PCGS booth (booth 114).

Returning from its original 14-issue run from 2007 to 2008, the bi-monthly magazine will contain a wealth of numismatic material throughout its 144 pages, including pricing info for PCGS graded rare and modern coins, plus articles from leading PCGS experts.

“There’s always so much going on in numismatics, each and every day, and we’re very excited to share market news, analysis and expertise with the coin collecting community,” said PCGS President Don Willis.

Each issue of the magazine boasts years of renowned numismatic expertise, straight from the minds of prominent figures from throughout the industry. Contributing authors will include Collectors Universe President David Hall, PCGS Co-founder John Dannreuther, Numismatic Expert Q. David Bowers, PCGS CoinFacts President Ron Guth, and the magazine’s editor-in-chief, PCGS Director of Education Mike Sherman.

“We plan on including a wide range of entertaining numismatic articles, spanning from the history of an iconic coin series to spotlights of notable collectors, comparative analysis of coins from past to present, and more,” said Sherman.

Visitors of the World’s Fair of Money can obtain free copies of the magazine while at the show. Beginning August 1, 2017, issues will also be distributed on a bi-monthly basis to members of the PCGS Collectors Club, PCGS Set Registry and PCGS Authorized Dealers. Individual copies can be purchased for $14.95 from www.PCGS.com.

“As a pricing authority on coins in the digital medium, it makes sense for PCGS to expand into the print realm once more. Now, with the RCMR, collectors can stay informed on the coin market, as well as read great articles from respected numismatists,” said Hall.

1912 Mexican Peso PCGS MS64: This and other coins of the McVey Mexico Silver Peso date set will be on display at the PCGS Set Registry booth (booth 116).

1912 Mexican Peso PCGS MS64: This and other coins of the McVey Mexico Silver Peso date set will be on display at the PCGS Set Registry booth (booth 116).

World’s Fair of Money attendees also have the opportunity to view two impressive sets of world coins, both owned by lifelong collector and PCGS Set Registry member Charles McVey. The PCGS Set Registry (booth 116) is displaying the McVey Canadian Dollar Date Set, consisting of 28 silver coins with portraits of three different British monarchs, as well as the number one-ranked McVey Mexico Silver Peso date set — a set that won a gold award in 2016 for Best Mexican Set, and consists of 41 circulation strike silver pesos, dated from 1866 through 1945.

“We’re very thankful for Mr. McVey to provide us with the opportunity to display these beautiful coins. Those who visit our booth are in for a treat,” said PCGS Set Registry Director BJ Searls.

PCGS Representatives will be available throughout the pre-show (the PNG/ANA Numismatic Trade Show), and the World’s Fair of Money to answer questions, accept standard and bulk submissions and provide additional company information. On-site grading will be offered. For more details on PCGS services for the World’s Fair of Money, visit www.PCGS.com/Shows.

The World’s Fair of Money takes place August 1-5, 2017, in Denver, Colorado. The show will be held at the Colorado Convention Center, located at 700 14th Street, Denver, CO 80202. The pre-show will also take place at the Colorado Convention Center, July 31, 2017. 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 additional information about PCGS and its services, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

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Must-See Rarities at Denver World’s Fair of Money

June 21, 2017 in ANA (American Numismatic Association), Antique Coins, Clubs and Associations, Coin Shows, Coins, Collecting, Education, Entertainment, Errors, Fun, Gold, Gold Coins, History, Investing, Money, Museums, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Rare Coins, Seminars, Treasure, USA Coins, World Coins

CONTACT: Donn Pearlman
Telephone: 702-868-5777

E-mail: donn.pearlman@gmail.com

Must-See Rarities at Denver World’s Fair of Money

 

To celebrate the American Numismatic Association’s (www.money.org) 50th anniversary in Colorado, the ANA is exhibiting Colorado Gold Rush era rarities and Lesher Referendum dollars along with other historic and famous numismatic treasures from the association’s Edward C. Rochette Money Museum at the World’s Fair of Money® (www.WorldsFairofMoney.com), August 1 – 5, 2017, at the Colorado Convention Center in Denver.

"During the early 1860's Colorado Gold Rush, Clark, Gruber & Co. of Denver produced gold coins including this 1860-dated $20 denomination coin with a fanciful depiction of Pike’s Peak. It will be displayed at the ANA World’s Fair of Money, August 1 – 5, 2016, in Denver." Photo credit: American Numismatic Association Money Museum

"During the early 1860's Colorado Gold Rush, Clark, Gruber & Co. of Denver produced gold coins including this 1860-dated $20 denomination coin with a fanciful depiction of Pike’s Peak. It will be displayed at the ANA World’s Fair of Money, August 1 – 5, 2016, in Denver."
Photo credit: American Numismatic Association Money Museum

"Only five 1913-dated Liberty Head nickels are known to exist today, and one of them will be displayed at the ANA Denver World’s Fair of Money, August 1 – 5, 2017. It is insured for $3 million." Photo credit: American Numismatic Association Money Museum

"Only five 1913-dated Liberty Head nickels are known to exist today, and one of them will be displayed at the ANA Denver World’s Fair of Money, August 1 – 5, 2017. It is insured for $3 million."
Photo credit: American Numismatic Association Money Museum

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017." Photo credit: Donn Pearlman

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017."
Photo credit: Donn Pearlman

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017." Photo credit: Donn Pearlman

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017."
Photo credit: Donn Pearlman

"One of the exhibits at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017, features “funny money,” currency that was mistakenly misprinted, including this $1 bill with upside down serial numbers." Photo credit: American Numismatic Association Money Museum

"One of the exhibits at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017, features “funny money,” currency that was mistakenly misprinted, including this $1 bill with upside down serial numbers."
Photo credit: American Numismatic Association Money Museum

Highlights include:

  • the McDermott/Bebee Collection 1913 Liberty Head nickel, Idler/Bebee Class III 1804 Draped Bust dollar and error notes from the Bebee collection with upside down serial numbers and other printing mistakes;
  • the High Relief and Ultra High Relief 1907 Saint-Gaudens Double Eagles from the Harry W. Bass, Jr. collection;
  • a set of 1860’s Clark, Gruber & Co. Colorado territorial gold pieces;
  • a nearly complete set Lesher Referendum silver dollars from the early 1900s;
  • a 1933 Eagle, one of the greatest gold coin rarities of the 20th century with less than 40 known surviving examples from the last year that U.S. gold coins were struck for circulation;
  • and the Rittenhouse 1792 Half Disme along with the George Washington-signed document appointing David Rittenhouse as first Director of the United States Mint.

The Museum Showcase area (booth #1103) will be open during public hours of the convention in Hall F of the Colorado Convention Center, 700 14th Street.

“The ANA opened its Colorado Springs headquarters building in 1967, and as part of this year’s golden anniversary we want collectors and the public to see examples of Colorado’s colorful numismatic history as well as some of the other most popular items in the ANA museum collection,” explained ANA Executive Director Kim Kiick.

“We’ve been planning for many months to create Denver convention exhibits that will be must-see for collectors and will be an educational and appealing introduction to the fascinating hobby for the general public,” said ANA Museum Curator Douglas Mudd.

“The 1913 Liberty Head nickel donated to the ANA by Aubrey and Adelle Bebee is always a favorite at the conventions. One of its previous owners, J.V. McDermott of Milwaukee, used to carry it in his pocket to show to strangers. Today it’s insured for $3 million and is one of only five known 1913 Liberty nickels,” said Mudd.

The Colorado Gold Rush era coins in the Museum Showcase will include an 1860 Clark, Gruber $20 gold piece with a design that has the word, DENVER, below a fanciful depiction of Pike’s Peak which actually is located in the Colorado Springs area, about 70 miles south.

Lesher Referendum dollars are an intriguing part of Colorado’s mining history.

“To promote greater use of silver, Joseph Lesher of Victor, Colorado created eight-sided ‘dollars’ in 1900 and 1901 from silver mined in the Cripple Creek area. Lesher quickly gave up his plans for the coins, but today these octagonal, so-called dollars are an example of Old West history you can hold in your hands,” explained Mudd.

The Rittenhouse 1792 Half Disme is an example of the first coins authorized by President Washington during the early days of the U.S. Mint.  It is being displayed by the ANA, courtesy of Brian Hendelson, President of Classic Coin Company, in celebration of the Mint’s 225th anniversary this year.

The Denver World’s Fair of Money will be open to the public Tuesday to Saturday, August 1 – 5. Public hours will be Tuesday, 1 – 5:30 pm; Wednesday – Friday, 10 am – 5:30 pm; and Saturday, 10 am – 4 pm.

Admission is free for all ANA members.  Admission for non-ANA members is $8 for adults, with children 12 and under admitted free.  Admission is for everyone on Saturday, August 5.

For additional information about the Denver World’s Fair of Money, visit www.WorldsFairofMoney.com or call 719-632-2646.

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Hoard of 41 Roman solidi discovered in a Dutch orchard

June 12, 2017 in Ancient Coins, Antique Coins, Archaeology, Coins, Collecting, Education, Gold, Gold Coins, History, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Roman Coins, Treasure, World Coins

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

The Dutch website de Volksrant reports (in a June 2 article by Geertje Dekkers) on the disclosure of a 41-piece gold hoard unearthed in an orchard in Gelderland. Based on certain of the gold solidi—those from the brief rule of Majorian (457–461)—experts believe the coins were buried around 460 AD. At that time, the Netherlands region was in the western part of the Roman Empire, which was in its final days. Lacking its former might, the empire engaged the locals in the far reaches of its territory to defend against invaders; in the case of the Netherlands, the Romans… Full article at the source>

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

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James Earl Jones Coin Collecting Video Available Free on New PNG YouTube Channel

May 25, 2017 in Ancient Coins, Antique Coins, Coins, Collecting, Education, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins, World Coins

News media contact:
Robert Brueggeman
Professional Numismatists Guild Executive Director
951-587-8300

James Earl Jones Coin Collecting Video
Available Free on New PNG YouTube Channel

 

Screen grab image of actor James Earl Jones

Screen grab image of actor James Earl Jones

(Temecula, California) May 25, 2017 – The award-winning educational video, “Money: History in Your Hands,” narrated by acclaimed actor James Earl Jones, now is available for free viewing on the Professional Numismatists Guild YouTube.com channel.

“We currently have more than a dozen videos about rare coins, paper money and precious metals available for complimentary viewing on PNG’s YouTube channel. They will be helpful for beginners to advanced collectors and investors with informative advice about buying, storing and selling numismatic items as well as gold, silver and platinum bullion items,” said PNG Executive Director Robert Brueggeman.

“An important part of our educational effort is the video, ‘Money: History in Your Hands,’ jointly created by PNG and the American Numismatic Association, and hosted on camera by James Earl Jones. It gives viewers a compelling overview of the history of money, and how it relates to art, culture, history, politics and religion,” explained Brueggeman. “The 29-minute video is available for convenient viewing in two parts.”

Other informative PNG videos focus on topics of discovering the enjoyment of coin collecting, how to determine the value of your coins, and the importance of working with a reputable, knowledgeable dealer when you buy or sell.

All of the videos are can be viewed at: https://www.youtube.com/channel/UCb5co6ZLKPitRAw-6pDxeCw

Founded in 1955, the Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.  A directory of dealers, the PNG Member Code of Ethics and the organization’s Collector’s Bill of Rights can be found at www.PNGdealers.org. For additional information, contact the PNG by email at info@PNGdealers.org or by phone at 951-587-8300.

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Note By: Numismatica.com

Here are the links to the two specific videos;

Part 1: https://youtu.be/Ir_oCtaXloc

Part 2: https://youtu.be/gb3mgkYMssM

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Texas Attorney General Issues Gold Coins Consumer Protection Tips

May 22, 2017 in Bullion, Coins, Coins for sale, Collecting, Education, Fake Coins, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatic Crimes, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, Precious Metals, Press Releases, PSA, Rare Coins, US Government, USA Coins, World Coins

News media contacts:

Paul Stein, for Universal Coin & Bullion, 409-860-9077
Texas Attorney General’s office, 800-252-8011

Texas Attorney General Issues
Gold Coins Consumer Protection Tips

(Austin, Texas) May 22, 2017 – With input from numismatic experts, the Attorney General of Texas, Ken Paxton, has issued a consumer protection alert about buying and selling gold coins.  

Award-winning rare coins and precious metals writer, Michael Fuljenz, President of Universal Coin & Bullion in Beaumont, Texas, provided continuing consultation to the attorney general’s office on this important consumer alert. Fuljenz, in coordination with other key numismatic industry leaders, offered guidance on consumer protection best practices for precious metals consumers.

The advisory notes that senior citizens make up about 14% of the U.S. population but account for 60% of the callers to the National Fraud Information Center.

Paxton’s advisory cautions consumers and investors: “If coins you bought as an investment would have to double or triple in value before any gain could be realized, you may have been a victim of fraud.”

Entitled “Consumers Should Do Their Research Before and After Investing in Gold Coins,” the advisory emphasizes the crucial importance of working with reputable dealers to help avoid paying too much when buying or receiving too little when selling.  Paxton’s office recommends researching dealers through the Better Business Bureau, the American Numismatic Association, the Professional Numismatists Guild, Professional Coin Grading Service and Numismatic Guaranty Corporation.

“By issuing this important consumer protection advisory, Texas is not only assisting Lone Star state residents but providing nationwide benefits to the public who can access this useful information online.  Attorneys general across the country now also have a template to provide consumer protection advice to their residents about buying and selling gold bullion and gold coins,” said Fuljenz.

Among other tips in the Texas Attorney General’s advisory:

Do not respond to callers not previously contacted. Cold callers often are not registered in Texas to legally telemarket and often try to pressure customers to act quickly.

Do not do business with a dealer who guarantees your purchases are totally safe, will go up in value or can’t go down, stresses government gold confiscation or says he will buy them back for what you paid at any time.

The full consumer protection advisory from Texas Attorney General Paxton is available online and as a printable PDF document at www.texasattorneygeneral.gov/cpd/gold-coins.

Regretfully, due to print limitations, additional buying and selling tips were excluded, said Fuljenz, including avoiding false grading claims, advice about return privileges and urging caution if sellers receive certified money orders or certified checks from unknown buyers because they could be counterfeit.  All ten of the additional consumer protection tips are available online at www.MikeFuljenz.com/goldtips.

At Fuljenz’ request, the following are among the precious metal industry leaders who provided input to him for the advisory. Their names are listed alphabetically with affiliations given only for identification purposes.

Gary Adkins, American Numismatic Association Vice President and former Professional Numismatists Guild President

John Albanese, co-founder of Professional Coin Grading Service, Numismatic Guaranty Corporation and CAC

Doug Davis, Founder of Numismatic Crime Information Center, City Manager and former Police Chief of Pantego, Texas

Beth Deisher, Director of Anti-Counterfeiting for the Industry Council for Tangible Assets and former Editor of Coin World

Terry Hanlon, Dillon Gage Metals President, former PNG President

Jerry Jordan, award-winning investigative reporter and former Texas newspaper editor

Kathy McFadden, ICTA Executive Director

Rick Montgomery, NGC President

Donn Pearlman, public relations consultant, ANA Zerbe Award recipient, former ANA Governor and former journalist/broadcaster

Jay Sheppard, Better Business Bureau Serving Southeast Texas Dispute Resolution Director

Miles Standish, NGC Vice President

Universal Coin & Bullion (www.UniversalCoin.com) President Michael Fuljenz has won more than 60 prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals.  He is on the Boards of Directors of the influential Industry Council For Tangible Assets, Crime Stoppers of Jefferson and Hardin Counties Texas, and is a member of the prestigious Professional Numismatists Guild which honored him along with Doug Davis and Jerry Jordan in 2016 with its Sol Kaplan Award for helping to fight numismatic-related crimes.

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European dealer devises a clever contest using a fake coin

May 18, 2017 in Ancient Coins, Antique Coins, Auctions, Coins, Coins for sale, Collecting, Competition, E-commerce, Education, Events, Fake Coins, Gold, Gold Coins, History, News, Numismatica, Numismatics, Rare Coins, World Coins

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

There’s a fake in the latest catalog of a respected auction house—and the owner knows it.

Dr. Hubert Lanz, of the respected Munich coin company Numismatik Lanz, has long been a champion of collectors, whose many hazards include the issue of counterfeit coins. As Numismatik Lanz is celebrating its 70th year of operation, Dr. Lanz came up with a clever idea to promote the company and highlight the danger of fraud in numismatics: He placed a fake in catalog number 164, and announced that anyone who identified the fake would receive a €25 credit toward their purchase in the auction.

Numismatik Lanz… Full article at the source>

Source: c

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Is there a fortune hiding in your change jar?

May 15, 2017 in Blogs, Cents, Coins, Collecting, Dimes, Education, Numismatica, Numismatics, Opinion, Pennies, Rare Coins, USA Coins, World Coins

By: Tegna Liberty Coin and Currency Blog

Many people probably have a jar, bucket or piggy bank where they keep all the change they’ve acquired over the years. Sometimes we collect it just to get it out of our wallets. Other times we do it to save up for a large purchase. Often, though, we don’t pay much attention to which coins make it into our change banks, meaning you probably don’t know if you have some truly valuable coins hiding inside. Before you lose that jar in your next move or convert it all to cash at your nearest bank, be sure to sift through it… Full article at the source>

Source: Liberty Coin and Currency Blog

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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)

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The 1804 $ 1.00 Dexter/Pogue Coin

April 7, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Collector Sets, Conventions, Dollar Coins, Events, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

By: Legend Numismatics Market Reports

Post Baltimore Show

Legend Numismatics did all time record business of $10-$12,000,000.00 starting March the 27th and ending April 7th. We spent about $9,000,000.00 buying and representing people in BOTH Blue Moon and The Pogue Sale. Activity this past week in the office was off the charts and we are still counting it all up! We could have sold 5 1869 $1 PCGS PR64 Cameo CAC (one collector even offered us MORE then the listed price)! For us to do this kind of business, the market has to be strong. What more proof do you need?
Of course the biggest deal… Full article at the source>

Source: Legend Numismatics Market Report

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Legend Buys Dexter/Pogue 1804 Dollar From Lipton and Albanese

April 3, 2017 in Coins, Collecting, Collector Sets, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
April 3, 2017

News media contacts:

Laura Sperber, office: 800-743-2646
Kevin Lipton, office 310-712-8118
John Albanese, office 908-781-9101

Legend Buys Dexter/Pogue 1804
Dollar From Lipton and Albanese

Famous coin now part of “Super Collector” Bruce Morelan’s early American dollars set

 

Dexter Pogue 1804 dollar: Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of "Super Collector" Bruce Morelan.  (Photo image courtesy of PCGSCoinFacts.com.)

Dexter Pogue 1804 dollar:
Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of “Super Collector” Bruce Morelan. (Photo image courtesy of PCGSCoinFacts.com.)

(Lincroft, NJ) – The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. silver dollar purchased at auction on Friday night, March 31, 2017, for $3,290,000 jointly by Kevin Lipton of Beverly Hills, California and John Albanese of Bedminster, New Jersey, was sold by them less than 48 hours later.  Graded PCGS Proof 65, it was bought on Sunday afternoon, April 2, 2017, by Laura Sperber of Legend Numismatics in Lincroft, New Jersey on behalf of well-known collector Bruce Morelan, owner of the all-time finest set of early American dollars listed in the PCGS Set Registry®.

“John and I bought the coin (at the Stack’s Bowers auction at the Whitman Baltimore Expo) in a moment of opportunity. We didn’t have any customers for it Friday night; we just thought at $3.3 million that it was the best buy of a high value rare coin in the last 20-plus years,” Lipton explained.

Then the offers started coming in.

“We purchased this coin on spec and were really quite shocked that our book bid of $2.8 million (plus buyer’s fee) was successful.  We both thought it would sell for $4 million or more Friday night.  By Sunday, we had six interested parties who were calling, sending emails and texts wanting to buy the coin from us.  Kevin and I are pleased it’s going to a good home,” said Albanese.

Sperber negotiated the sale on Sunday morning on behalf of Morelan. The purchase price was not disclosed.

“It is a hell of a coin and a hell of a deal for Super Collector Bruce Morelan,” stated Sperber.  “After Friday night’s auction, I suggested we probably need this coin in his early American dollars set. The negotiations with John and Kevin took only a few minutes to work out and everyone involved is happy.”

Morelan also was surprised at the winning bid price for the coin at the auction.

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars.  (Photo by Donn Pearlman.)

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars. (Photo by Donn Pearlman.)

“I was shocked when the coin sold so low.  I’m happy to pick it up for a few incremental bids over that level.  While the coin is not necessary for the circulation strike early dollars set, it certainly is complimentary to my set and collection as a whole,” Morelan said.

Among the world’s most famous rare coins, only 15 1804-dated silver dollars are known today, and eight of them are categorized as Class I, including the Dexter/Pogue specimen.

No silver dollars dated 1804 actually were struck that year.  Researchers believe the surviving Class I examples were made by the United States Mint in the 1830s to be given as diplomatic gifts for a State Department mission to the Far East and Asia. Decades later, Mint employees made a handful of other, similar examples of 1804-dated dollars for collectors.  

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