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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)

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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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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)

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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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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.

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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)

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Coin Collecting Terminology Explained

March 15, 2017 in Blogs, Circulating Coins, Coins, Collecting, Education, Investing, Numismatica, Numismatics, Opinion, Reference

By: Tegna Liberty Coin and Currency Blog

coin-terminology-featured

Those who are interested in taking up the exciting hobby of coin collecting may become a bit confused about some of the terminology used in the industry. While each collector’s tastes and unique interests vary, there are a few basic coin collecting terms that are helpful to become familiar with.

What Is the Difference Between Circulated and Uncirculated Coins?

A circulated coin is one that is produced for everyday transactions by the United States Mint. Once a coin enters circulation, it becomes classified as “circulated.” All coins start out as uncirculated when they are struck at the mint, and they stay uncirculated… Full article at the source>

Source: Liberty Coin and Currency Blog

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‘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.

 

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Crack-outs Bring Mixed Results

November 21, 2016 in Coin Grading, Coins, Collecting, Education, Investing, News, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), USA Coins, World Coins

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

crackout1880nnc

A regular feature of Coingrader Capsule is the cracking out of slabs by lesser holdering companies to see how they do in the big leagues, namely, PCGS or NGC. Specifically, I wanted to test some coins slabbed by National Numismatic Certification, which I reviewed in September, stating that its grading was inconsistent but, on occasion, good coins can be found encased within. I bid high enough to win these samples:

The 1880 Morgan is difficult to find in gem condition, and this one looked like it might pass muster. At MS-65, PCGS values it at $675.

Here’s a close-up of… Full article at the source>

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

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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)

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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)

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Computerized Grading, Part 1: The Puzzle of Subjectivity

October 26, 2016 in Coin Grading, Coins, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

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

Prior to the metals rush of the 1980s, coin buyers had two options when purchasing coins: one, they could become numismatic gurus with detailed knowledge of the series they collected; or two, they could choose to trust a dealer who, hopefully, was honest.

Unfortunately, not all dealers were honest. Grade inflation was common practice. Unwary coin buyers were sometimes being fleeced with no indication that something might be amiss. I don’t believe all dealers who over-graded their coins did so on purpose. Most collectors know the tendency to overstate our coins’ grades, especially when we’re first starting out in the hobby… Full article at the source>

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

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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)

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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)

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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)

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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)

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A bad culture

June 19, 2016 in Blogs, Certified Acceptance Corporation (CAC), Coins, Collecting, Education, History, Investing, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins, World Coins

By: Laura Sperber  Legend Numismatics Hot Topics

REALLY?

For years now coin doctoring and gradeflation have been two if the biggest problems with the hobby. Coin doctoring actually has lessened to a small dgree, while gradeflation has not. Its one thing that’s standards have changed, but its another when EVERYONE keeps pushing the standards.

I have seen a very upsetting trend of late. I work very hard to help collectors build their dream sets. I buy them ONLY PCGS CAC coins that are all there and then some. In many cases, that is what the customers demand anyway. The disturbing thing I am experiencing has to do with the… Full article at the source>

Source: Legend Numismatics Hot Topics

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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)

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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.  

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PCGS Is Giving Away 30 Morgans In 30 Days

February 3, 2016 in Clubs and Associations, Coin Dealers, Coin Grading, Coins, Collecting, Competition, Dollar Coins, Grading, History, Morgan Silver Dollars, News, Numismatica, Numismatics, Press Releases, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
February 3, 2016

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

PCGS Is Giving Away 30 Morgans In 30 Days

 

PCGS 30th Anniversary logo

PCGS 30th Anniversary logo

Professional Coin Grading Service (www.pcgs.com) is turning 30, and as part of the celebration PCGS will be giving away 30 Morgan silver dollars over 30 days.

“It’s easy and free to enter online, and 30 people will win Mint State examples of one of America’s most popular coin series, the Morgan dollar,” said PCGS President Don Willis.

Entries will be accepted at www.pcgs.com/30morgans starting at 9 a.m. Pacific/Noon Eastern time on February 3, 2016, the anniversary date of the company’s founding in 1986.  The deadline for submitting entries will be 4 p.m. Pacific/7 p.m. Eastern on March 3.  

At the end of the entry period, 30 winners will be selected at random.  Each winner will receive a Mint State U.S. Morgan dollar graded and encapsulated under the PCGS Secure Service.

The Morgan dollars are provided courtesy of L&C Coins (www.LCcoins.com), the sweepstakes sponsor, and each one is labeled with a special designation as 1 of 30 from the sweepstakes.  The full 30 Morgans in 30 Days rules can be found at www.PCGS.com/30morgans/rules.

A 30 Morgans in 30 Days prize

A 30 Morgans in 30 Days prize

“PCGS experts have examined, authenticated and graded over 19 million Mint State Morgan dollars since the company’s launch. Now we’ll give away 30 of those historic coins to celebrate our 30th anniversary,” said PCGS Co-Founder David Hall, President of PCGS’s parent company, Collectors Universe, Inc. (NASDAQ: CLCT).

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 31 million coins with a total market value of over 29 billion dollars.

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

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Crack-Out or Reconsideration? See these results!

February 2, 2016 in Auctions, Coins, Collecting, Education, Grading, History, Investing, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), USA Coins

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

crackout

Recently in an estate auction I won more than 50 lots of coins in older green PCGS holders, which traditionally have the allure of being conservatively graded and deserving of upgrades.

For several years now I have been submitting my own coins to the top holdering companies, paying an annual fee for that privilege to PCGS and NGC. (ANACS and ICG do not charge fees; but I seldom submit to them because I have set registries in the other two top companies.)

Only rarely do older numismatic estates come up for auction, and when they do by the major houses such as… Full article at the source>

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

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PCGS Launches 30th Anniversary With Historic Sample Slabs Display At FUN

November 30, 2015 in Coin Grading, Coin Shows, Coins, Collecting, Conventions, Education, Grading, History, Investing, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases

For immediate release
November 30, 2015

News media contact:

Steve Sloan, (949) 567-1223

PCGS Launches 30th Anniversary With
Historic Sample Slabs Display At FUN

 

Professional Coin Grading Service (www.PCGS.com) will launch a year-long 30th anniversary celebration at the upcoming 2016 Florida United Numismatists convention by turning back the clock to display an assortment of more than 120 different, promotional sample “slabs” issued by the company since its founding in 1986.  

An example of a sample “slab” issued by PCGS in 1986 during the company’s first year of authenticating, grading and certifying coins. (Image courtesy of PCGS.)

An example of a sample “slab” issued by PCGS in 1986 during the company’s first year of authenticating, grading and certifying coins. (Image courtesy of PCGS.)

While supplies last, PCGS will also be giving away mint condition Lincoln cents encapsulated in samples of the company’s latest enhanced security holders.  Each one will be presented in a specially-created commemorative Sample Slabs brochure that explains the history and features of PCGS holders.

The display of encapsulated promotional coins in PCGS holders with historic sample insert labels will be at the PCGS booth (#104) during the FUN convention in Tampa, Florida, January 7 – 10, 2016.  A collection of 113 sample slabs, assembled by and exhibited courtesy of Dr. Timothy Larson of Mercer Island, Washington, and an additional dozen sample slabs from the collection of Robert Klein of Monroe, New York, will be displayed.  

“Since 1986, PCGS has been giving out samples of its holders featuring hundreds of different coin types, both U.S. and world.  They have become highly collectible over the last 30 years, although they originally were only intended as free promotional items,” said PCGS President Don Willis.

“There are a number of ways to collect PCGS samples, most commonly grouped into three categories,” explained PCGS Set Registry and Special Projects Director BJ Searls.

“First, there are those samples that match one of the five generations of holders, which can be subdivided into a number of sub-generations based on the insert.  Many of these samples are common because PCGS gave away hundreds of the same coin in the same holder, but some are extremely rare.  A number of inserts produced by PCGS were only released for a few months and samples of those inserts were supplied in limited quantities.”

The two other major categories for collecting sample slabs are those issued for PCGS luncheons and as advertising samples.

Since the early 2000s, PCGS has held luncheons for its customers at major coin shows.  As a token of appreciation, sample holders are created to celebrate the event and are given to all invited guests. Quantities of these holders are limited from 100 to 300 coins.

PCGS samples have been created for various coin shows and special events.  From celebrating PCGS anniversaries, to giveaways at coin shows, to special inserts created for PCGS Authorized dealers, there is a wide variety of samples in this category, some common and some very difficult to locate, according to PCGS.

Mint condition 2015-dated Lincoln cents are encapsulated in the latest PCGS sample “slabs” that will be available in limited quantity in specially-prepared commemorative brochures at the 2016 FUN convention. (Image courtesy of PCGS.)

Mint condition 2015-dated Lincoln cents are encapsulated in the latest PCGS sample “slabs” that will be available in limited quantity in specially-prepared commemorative brochures at the 2016 FUN convention. (Image courtesy of PCGS.)

“There are a number of websites that provide information about the various collecting options, including the PCGS U.S. Coin Forum.   A new reference book, Sample Slabs, by David Schwager was published in September,” said Searls.

“PCGS thanks Dr. Tim Larson for providing the samples for the upcoming display at FUN and for providing invaluable information about how to collect them,” Searls added.

Visitors to the PCGS booth at the FUN convention can obtain the special brochure with an enclosed PCGS sample slab while supplies last.

“1,250 lucky collectors will receive the commemorative Sample Slab brochure with the enclosed sample holder.  This sample represents our fifth generation PCGS holder, and it is the most technologically advanced security holder in the world,” explained Willis.

Professional Coin Grading Service was founded in 1986 by distinguished numismatic experts, and now has offices in California, Shanghai, Hong Kong and Paris.  PCGS experts have certified over 31 million coins with a total market value of over 29 billion dollars. PCGS represents the industry standard in third-party certification, and is a division of Collectors Universe, Inc. (NASDAQ: CLCT).

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

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Tiny Flaw, Big Loss: The Pin Scratch

November 16, 2015 in Antique Coins, Coins, Collecting, Dollar Coins, Education, History, Investing, News, Numismatica, Numismatics, Opinion, Rare Coins, Silver, Silver Coins, USA Coins

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

pin2a

Above is a tantalizing coin, the scarce 1892-CC Morgan dollar–not gem, as the flip states–but not bad, either, perhaps a choice or low mint state coin, worth upwards of $1200 retail. But I’m uncertain that I will bid on this lot. There is a tiny flaw. Can you see it?

It looks like a pin scratch at 12 o’clock near the rim by the “S” on Pluribus.

This is one of those tiny flaws that hobbyists often overlook. Also, that mark may not even be on the coin but on the plastic flip. That’s an optimistic attitude, but still a possibility… Full article at the source>

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

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What do Auction Prices Represent?

October 17, 2015 in Antique Coins, Auctions, Blogs, Coin Grading, Coins, Collecting, Education, Gold Coins, Grading, Investing, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins

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

For better or worse, the current market has come to heavily rely on auction prices to determine the value of a wide range of coins. I am often asked: do auction prices represent wholesale or retail? A one word answer: both.

The coin market is quite possibly the most transparent market there is in any hobby or collectible. PCGS, NGC, and Heritage provide comprehensive databases for nearly any major issue of United States coin, in a variety of grades. In theory, even an unknowledgeable collector now has access to records which only the most sophisticated dealers and collectors could access as… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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Grading and Strike: Two Sides of the Same Coin

October 14, 2015 in Blogs, Coins, Collecting, Dollar Coins, Education, Grading, News, Numismatica, Numismatics, Opinion, Silver, Silver Coins, USA Coins

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

1921-peace-dollar

1921 Peace dollar

When dies for any coin are designed, every effort is taken not to have deep parts of the die(s), which create the high portions on a finished coin, directly opposite each other. A classic example of this design flaw is the 1921 Peace silver dollar. Struck in high relief, the central portion of both the obverse and reverse dies of this coin were opposite each other. That is why you will virtually never find a fully struck coin of this date. There will always be a weakness in the central portion of Liberty’s hair on the obverse and… Full article at the source>

 

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

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