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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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Pre Baltimore show

March 25, 2017 in Auctions, Coin Shows, Coins, Collecting, Events, Investing, News, Numismatica, Numismatics, Opinion, USA Coins

By: Laura Sperber Legend Numismatics Market Report

VISIT LEGEND AND LEGEND AUCTIONS AT OUR TABLE 643 IN BALTIMORE

NICE WEEK

We did not figure to do much business this past week. Adding it all up-we certainly did do much more then expected. And we had our usual Friday afternoon Sale (the $1 1864 PCGS PR65 CAC). For whatever reason Fridays at 3-4 PM we do a bigger sale of some kind.

Very interesting what sold. Certainly soup to nuts. Of course we sold several better gold coins including several better $10 Indians. What really surprised us was the fact we sold Patterns. We’re happy to see Patterns are… Full article at the source>

Source: Legend Numismatics Market Report

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Coin Valuation

January 14, 2017 in Blogs, Coins, Collecting, Education, Ethics, Investing, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Laura Sperber Legend Numismatics Hot Topics

Coin Valuation is a very tricky subject

Valuing coins has become ever so difficult. Today, I cringe every time I see Collectors Universe Values (which are supposed to be full retail), the Gray Sheet (which thinks its retail but is pure wholesale), and auction prices (in my opinion, they are one of the few accurate sources for information-IF you understand them). So what the collecting public has to go by is a cluttered mess of pretty much inaccuracies.

I have yet to see any one entity that reports prices be fully up to date-at least for the kinds of coins I deal… Full article at the source>

Source: Legend Numismatics Hot Topics

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Fun show report – Delayed

January 7, 2017 in Coins, Collecting, Conventions, Events, Market Report, News, Numismatica, Numismatics

By: Laura Sperber Legend Numismatics Market Report

Legend Numismatics wishes to thank everyone for their concerns. We are all safe and sound now.

We were never in harms way, however we were at the location of a suspected second shooting in a garage. It was unnerving. Swat teams all around us.

Due to the airports closure, we will not post a Market Report until late Sat or sometime Sunday. The same for most NEWPS

STAY TUNED!

The post FUN SHOW REPORT-DELAYED appeared first on Legend Numismatics.

Full article at the source>

Source: Legend Numismatics Market Report

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Early November report

November 12, 2016 in Coins, Collecting, Education, Gold, Gold Coins, Investing, Market Report, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins

By: Jose Legend Numismatics Market Report

Let the flow begin

We were relieved to see activity continue at a good pace this past week. Of course gold still clearly leads the way.

To answer so many questions we had last week: With Trump being elected the rare coin market has seen NO major changes, nor do we anticipate any in the short term. We have talked to several Wall Street big wigs and bankers. Their general feelings are money will be unlocked in businesses thus leading to profits, thus leading to more income and bounses for the masses. So eventually there will be more money looking Full article at the source>

Source: Legend Numismatics Market Report

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Lehigh Valley Historical Society

October 30, 2016 in ANA (American Numismatic Association), Blogs, Clubs and Associations, Coin Shows, Coins, Collecting, Education, Entertainment, Events, Fun, History, Investing, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins, Young Collectors

By: Laura Sperber Legend Numismatics Hot Topics

This past Saturday I attended a very small show (25 tables) at the Lehigh Valley Historical Society in Allentown PA. It was put on by my long time friend and mentor Steve Gehringer (Keystone coins). He is on the board of this institution and donates all his spare time to it. It was my first small show in 30 years. I was moved by the show and facilities.

The show really opened my eyes. I admit to be fully wrapped up in the ego driven, plastic encased, high dukes world of coin collecting. I forgot there are people who really… Full article at the source>

Source: Legend Numismatics Hot Topics

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End of October Report

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

By Jose Legend Numismatics Market Report

Disappointing month

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

Source: Legend Numismatics Market Report

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Buyer beware

October 3, 2016 in Blogs, Certified Acceptance Corporation (CAC), Coin Dealers, Coins, Collecting, Education, Numismatic Crimes, Numismatica, Numismatics, Opinion, USA Coins, World Coins

By: Laura Sperber Legend Numismatics Hot Topics

Auction buying

I want to make it clear this is not a self serving Hot Topics. I am writing this based upon several negatives I see happening. As many of you know, I tirelessly fight coin doctors and dealers who shill for them. For awhile, things chilled. Lately, I do not like a lot of what I see starting to happen again. The public needs a little reminder.

One thing I can proudly state-Legend and Legend Auctions do NOT deal in doctored coins. Legend Numismatics sells ONLY CAC beaned coins to its customers for a reason. Legend Auctions has myself, Greg Cohen, and George Huang… Full article at the source>

Source: Legend Numismatics Hot Topics

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End of Summer (Market Report)

September 18, 2016 in Coin Dealers, Coins, Collecting, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Offers, Precious Metals, Rare Coins, USA Coins

By: Jose Legend Numismatics Market Report

Summer is over

Looks like the summer doldrums are coming to an end. This years episode was pretty rough. It got so quiet the market (in our estimation) overall fell 10-15% from June until now. It was different this year since there was an unexpected appearance of a few “whales” and what one dealer called a major collector “a super nova”. Those people affected the upper end of the rare gold market and hard to believe the early copper markets were hot all summer. The feather down effect is now only started to be felt in other areas.

For the masses and… Full article at the source>

Source: Legend Numismatics Market Report

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True quality, a good dealer, and freshness do make a difference

September 5, 2016 in Antique Coins, Blogs, Coin Dealers, Coins, Collecting, Education, Investing, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Laura Sperber Legend Numismatics Hot Topics

If you think this Hot Topics sounds like a broken record-yes, it does. I can never say these issues enough!

HOW LONG DOES IT TAKE FOR A COIN TO BE FRESH?

This is where many collectors make big mistakes. A coin purchased in 2013 is NOT fresh. Most likely people remember it. A coin from 2005 IS now fresh. There is no specific rule as to what is “fresh”. We like to think anything 10+ years or longer off the market completely is fresh. recently I had a collector say to me, I have been buying since 2012, why can’t I make… Full article at the source>

Source: Legend Numismatics Hot Topics

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End of August Report

August 29, 2016 in Antique Coins, Coins, Collecting, Market Report, News, Numismatica, Numismatics, Opinion, USA Coins

By: Jose Legend Numismatics Market Report

HUH?

The activity we experienced this past week should have happened last week (post ANA Show). Guess the that many people were away or just not paying attention to the coin market. We had figured okay, the real doldrums had hit and we’re toast through the middle of September. NOT! Things could not have been more active.

We sold a five figure coin each day. We can only mention three of the five figure sales. We sold a 50C 1807 Draped Bust PCGS MS64 CAC, $20 1911 PCGS MS66 CAC and our gorgeous $20 1857 PCGS MS64+ CAC (this was really a… Full article at the source>

Source: Legend Numismatics Market Report

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PCGS, Legend Auctions, and the Big Easy

May 22, 2016 in Coin Shows, Coins, Collecting, Education, Investing, Market Report, News, Numismatica, Numismatics, USA Coins

By: Jose Legend Numismatics Market Report

Good Happenings in the Big Easy

New Orleans sure is a different kind of place. Every one was pretty happy to take a break from Las Vegas. In fact, this probably was one of the BEST attended Invitationals PCGS has held. We were surprised at how many local collectors there were who showed up and were buying coins! Ditto for dealers.

We certainly did not have to struggle to sell. We saw our “super secret” first shot buyer who was clearly looking to replenish his inventory. After him, we just sat at our table (vs walking the show) and sold soup to… Full article at the source>

Source: Legend Numismatics Market Report

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Unexpected Business!

March 12, 2016 in Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, Market Report, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, USA Coins, World Coins

By: Legend Numismatics Market Report

Demand is alive!

Last week we said we would not be posting a new Market Report. Things have changed!

We expected the past week to be slow with not much happening out side of selling a few NEWPS. Oh were we wrong!

From the time we put the first NEWPS up Saturday until now (as this is being written), our sales were far stronger then we expected. In fact we are on plane right now and sold two coins from 22000 feet above Missouri! Everything from soup to nuts was selling. Initially we were selling a ton of coins priced BELOW $5,000.00… Full article at the source>

Source: Legend Numismatics Market Report

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Is the coin Market too liquid for its own good?

February 27, 2016 in Blogs, Coins, Collecting, Numismatica, Numismatics, Opinion

By: Laura Sperber Legend Numismatics Hot Topics

DRECK: a messed with, low end, problem or UGLY coin. Dreck has nothing to do with a coins grade or value.

Hard to believe with so few NICE coins available the coin market is in a major funk. Records are still shattered at all price levels (expect the extreme top) when great, fresh, and eye appealing rarities show up. BUT there are a whole group of mid range coins that have fallen dramatically in price. Some have fallen to ridiculous levels for no real reason. We believe with coins being so liquid and most of the good coins off the… Full article at the source>

Source: Legend Numismatics Hot Topics

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Las Vegas PCGS Invitational Show

February 22, 2016 in Coin Dealers, Coin Shows, Collecting, Events, Fun, Investing, Market Report, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), USA Coins

By Jose Campos Legend Numismatics Market Report

THE SHOW

We never can say enough great comments about the PCGS Invitationals in Las Vegas. They are by far the most intimate, secure, and well pampered (the food spreads are delicious) shows to attend.

Even in this choppy market, the majority of the real “players” attended. It was extremely interesting to note that a bigger % then usual were there solely to buy. Much to our surprise. they were not just seeking gold like always. This time we has multiple requests for (gasp) Proof Type. We certainly have not heard that in many months.

For us, the show was an unexpected… Full article at the source>

Source: Legend Numismatics Market Report

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Bad coins in good sets

February 15, 2016 in Antique Coins, Blogs, Coins, Collecting, Education, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Laura Sperber Legend Numismatics Hot Topics

When not to add a bad coin to a collection

 Having built many of the FINEST EVER Collections (MS Half Dimes, MS+PR Barber Dimes, Dollars 1794-1921S, $3 MS, $10 Indians and Saints, etc), I have earned the right to comment with authority about GEM sets. Recently I have seen a very disturbing trend among collectors. Some want to play this registry game so bad and be top guns they include coins that never ever should be considered for a great set. It is my strong opinion, adding one bad coin creates a cancer that affects the rest of the collection.
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The Week of Everything Pogue

February 15, 2016 in Antique Coins, Blogs, Coin Shows, Coins, Collecting, Collector Sets, Gold, Gold Coins, Grading, Investing, Market Report, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Jose Campos Legend Numismatics Market Report

Legend lives for numismatic events like this. The Pogue Collection ranks among the greatest ever formed. This past week group III was sold at Sotheby’s in NYC.

Having had time to plan, we thought we were ready. However when the sale started, the action was far different then what we had anticipated. The results were much weaker then we had expected. The two highlight coins-the 1C 1793 Chain PCGS MS65RB and the $5 1815 PCGS MS65 BOTH sold for sums far less then expected and were UNDER $1 million each. In fact shockingly NO coin broke $1 million in last weeks… Full article at the source>

Source: Legend Numismatics Market Report

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PCGS Hosts Superb Simpson Half Dollar And Stella Patterns At World’s Fair of Money

July 13, 2015 in ANA (American Numismatic Association), Antique Coins, Coins, Collecting, Gold, Gold Coins, Half Dollars, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, USA Coins

For immediate release
July 13, 2015

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

PCGS Hosts Superb Simpson Half Dollar
And Stella Patterns At World’s Fair of Money

 

Two superb sets from The Bob Simpson U.S. Pattern Collection, the Morgan half dollar patterns of 1877 and $4 Stellas in all metals, will be displayed at the Professional Coin Grading Service (www.PCGS.com) booth during the American Numismatic Association Chicago World’s Fair of Money (www.worldsfairofmoney.com), August 11 – 15,  2015.

These two sets are ranked as both the current and all-time finest of their kind in the PCGS Set Registry®, and this will be the first time they will be publicly exhibited.  The coins will be displayed courtesy of collector Bob Simpson of Texas and Legend Numismatics of New Jersey.

While supplies last, visitors to the PCGS booth (#601) can receive a free, illustrated educational brochure about these two historic sets.

Among the outstanding Simpson Collection pattern coins on display at the PCGS booth during the 2015 ANA World’s Fair of Money will be this 1880 Flowing Hair $4 “Stella” (J-1657), graded PCGS PR67 Cameo.

Among the outstanding Simpson Collection pattern coins on display at the PCGS booth during the 2015 ANA World’s Fair of Money will be this 1880 Flowing Hair $4 “Stella” (J-1657), graded PCGS PR67 Cameo.

“Bob Simpson has amassed what is probably the most extensive collection of U.S. patterns ever assembled.  Out of a total of 1,176 patterns he has listed in the PCGS Set Registry, 779 are ‘Top Pop’ and 641 coins are the single finest specimens graded.  PCGS is pleased to share with the public a small portion of Mr. Simpson’s extraordinary collection at the upcoming ANA convention,” said PCGS President Don Willis.

“The U.S. 1877 Morgan Half Dollar Patterns set is 90 percent complete with 18 of the 20 coins required for a complete set.  It has a weighted grade point average of 68.71,” explained BJ Searls, Director of the PCGS Set Registry (www.PCGS.com/setregistry).

“Mr. Simpson’s 1879 – 1880 U.S. Patterns $4 Stellas All Metals set includes an amazing 13 of the 15 required coins; a level of completion that is unprecedented. The weighted grade point average is 68.5, and 9 of the 13 coins are Top Pops,” added Searls.

The original creation of the pattern half dollars and $4 denomination coins is interesting for numismatists.  In 1877, United States Mint Engraver George T. Morgan began testing new designs for half dollars with the intention of eventually using them on silver dollars beginning in 1878. Today, Morgan dollars are among the most popular of all United States coins.

The 1877 pattern half dollar (J-1512), graded PCGS PR66+ Deep Cameo, will be among the Simpson Collection pattern coins on display at the PCGS booth during the 2015 ANA World’s Fair of Money.

The 1877 pattern half dollar (J-1512), graded PCGS PR66+ Deep Cameo, will be among the Simpson Collection pattern coins on display at the PCGS booth during the 2015 ANA World’s Fair of Money.

“This explains why his 1877 Half Dollar Patterns look so familiar to us today.  The head he used on the 1877 coins is a miniature version of what eventually appeared with modifications on nearly half a billion silver dollars from 1878 to 1921,” said Ron Guth, President of PCGS CoinFacts (www.PCGScoinfacts.com), the internet’s most comprehensive source of information about U.S. coins.

“The real beauty of this series, however, comes from the fabulous reverse designs, all of which revealed this engraver’s incredible talent,” Guth stated.

Simpson commented: “1877 pattern half dollars are some of the most beautiful coins ever made. In my opinion, they are the ultimate design and size for the Morgan head.  My goal is to own an example of every 1877 pattern Morgan half minted.”

Highlights of Simpson’s Morgan 1877 Half Dollar Patterns collection include Judd-1511 graded PCGS PR66 Red and Brown; J-1512, PCGS PR66+ Deep Cameo; and J-1516, PCGS PR 66 Deep Cameo.

The Stella, a $4 denomination gold coin co-designed by Morgan and Charles E. Barber, was originally intended for use in international trade.  Before the plans were abandoned, a small number were experimentally struck in 1879 and 1880 with two different Flowing Hair and Coiled Hair obverse designs.  A few patterns also were struck in copper, white metal and aluminum.

“Save for the Amazonians, there is no other pattern series as captivating as the Stellas.  To have them in all metals is spectacular.  The Mint truly created a special coinage for the time,” Simpson stated.

Highlights in the Simpson Stella collection include 1879 Flowing Hair J-1635, PCGS PR65 Cameo; 1879 Coiled Hair J-1638, PCGS PR66+ Cameo; and 1880 Flowing Hair J-1657, PCGS PR67 Cameo.

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

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

Updated:

For immediate release
July 11, 2014

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Legend Numismatics Hot Topics (The Pogue Collection)

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

Legend Numismatics Hot Topics (The Pogue Collection)

A commentary by Laura Sperber From Legend Numismatics

Follow this link to full article>

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Legend Numismatics Market Report (First Week of July)

July 7, 2014 in Coins, Collecting, Market Report, News, Numismatica, Numismatics

Here’s a link to the Legend Numismatics Market Report  “First Week of July”  By Laura Sperber. Always worth reading.

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Legend Will Exhibit PCGS-Certified Simpson 1922 High Relief Peace Dollar At ANA Show

June 30, 2014 in ANA (American Numismatic Association), Antique Coins, Coins, Coins for sale, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, US Mint, USA Coins

For immediate release
June 30, 2014

News media contacts:

Steve Sloan for PCGS, (949) 567-1223
Laura Sperber for Legend Numismatics, (800) 743-2646

Legend Will Exhibit PCGS-Certified Simpson
1922 High Relief Peace Dollar At ANA Show

 

The 1922 Matte Finish High Relief Peace dollar, PCGS PR67

The 1922 Matte Finish High Relief Peace dollar, PCGS PR67

The finest PCGS-certified 1922 Matte Finish High Relief Peace dollar, graded PCGS PR67, will be one of the featured exhibits in the official Museum Showcase display at the American Numismatic Association 2014 Chicago World’s Fair of MoneySM, August 5 – 9.  Originally owned by a former United States Mint Director and recently acquired by collector Bob R. Simpson of Texas, the coin will be displayed courtesy of Simpson and Legend Numismatics of New Jersey.

“Only about 10 High Relief 1922 Peace dollars have been reported, and this example is the highest grade of the seven that have been certified by Professional Coin Grading Service.  No finer example has been reported anywhere else,” said Don Wills, President of PCGS (www.PCGS.com), a division of Collectors Universe, Inc.

The pedigree of this coin dates back to Raymond T. Baker who served as Director of the United States Mint from 1917 to 1922.   The coin was passed down through generations of his family until this year.

Legend Numismatics President Laura Sperber obtained the coin for Simpson at the June 2, 2014 auction conducted by Ira & Larry Goldberg Coins & Collectibles in Beverly Hills, California where it sold for $458,250.

Simpson stated: “I consider this particular coin to be the ultimate Peace dollar.  No other Peace dollar I am aware of has the history or is in the same state of preservation. It’s a coin that really needs to be displayed because it is such a treasure.”

The Peace dollar design was first introduced into circulation in 1921.  It was designed by Anthony de Francisci who won a national competition conducted by the Commission of Fine Arts.

As explained on PCGS CoinFacts (www.PCGSCoinFacts.com), the original high relief of the dies created numerous problems for the United States Mint, including shortened die life and difficulties in bringing up the details with a single strike.  The coins would not stack properly because of uneven thickness and raised “fins” on the rims.

Although the relief subsequently was lowered, a small number of 1921 and 1922-dated Peace dollars were struck in high relief and today are highly prized by collectors.

The annual ANA World’s Fair of Money (www.WorldsFairOfMoney.com) convention will be held in the Donald E. Stephens Convention Center, 5555 N. River Rd., in the Chicago suburb of Rosemont, Illinois.

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

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Legend Numismatics Market Report

June 2, 2014 in Coin Dealers, Coins, Collecting, Gold, Gold Coins, Market Report, News, Numismatica, Numismatics, Silver, Silver Coins, USA Coins

By: Legend Numismatics. May 31st.  2014.

LEGEND IS BUYING!


Legend has one of the biggest and best customer bases in the business. We have probably 2 of the biggest active collectors and we have hundreds of folks looking to buy an MS67 Morgan. In between those prices ranges we have a dozens of collectors whose active Want Lists total OVER $20,000,000.00! LEGEND NEEDS TO BUY YOUR COINS TODAY!

We enjoyed unexpectedly strong sales in May. Those sales were primarily the result of Legend buying 2 big deals and 4 smaller groups of nice coins. Save for a straggler or two, all of those coins are now sold. We need to replenish! This Market Report is designed to let the collecting world know there is still a strong market that is starved for the “right” coins. Legend definately has no weakness on sales-just buying. We NEED coins BADLY! We will pay more then anyone to get exactly what we need. Try us! Below is a partial list of things we are looking for. LEGEND IS WILLING TO BUY ENTIRE COLLECTIONS TO GET A SINGLE COIN!

Parameters: we only need what is listed (if we need a 66 PCGS CAC we do not not want a 65 NGC CAC). It would be a waste of yours and our time to offer anything else unless you want t sell us a group of coins. We are more then proven that we pay top dollar in the market. On higher grade RARE coins we generally will pay what we think a coin will sell for in auction. It should be noted that Legend Numismatics is proven to be one of the top buyers at all the major auctions houses. Selling to us saves you as much as 15%. We do NOT look to buy cheap. If you have a collection that’s fresh, call or email us! We offer many ways besides outright purchase for you to maximize your value

ALL MATCHED ORIGINAL PRE 1915 PROOF SETS PR64 AND HIGHER 

ALL EARLY PCGS CAC COPPER 1793-1855. H.01-Large cents.

Will buy 1C 1793 AU50 and higher. Later dates MS65 and higher. We LOVE Naftzger Large Cents in 65 and higher PCGS CAC ONLY! 
1C 1909S VDB PCGS MS66RD CAC $12,500.00 
1C ALL LINCOLN MATTE PR CAC PCGS 65RB AND HIGHER 
1C 1955/55 PCGS MS65 RD CAC OFFER US! 

 

Full article at the source>

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Legend-Morphy’s sixth Regency sale excites with over $2.5 million, brings big numbers on gold

February 21, 2014 in Auctions, Coins, Coins for sale, Collecting, Gold, Gold Coins, Numismatica, Numismatics, Precious Metals, Press Releases, Proof Coins, Rare Coins, Silver, Silver Coins, USA Coins

Fri, 2014-00-21 12:00 ET (http://www.legendmorphyauctions.com/)

LAS VEGAS – Legend-Morphy Rare Coin Auctions started off 2014 strong, with their sixth Regency Sale wrapping up last Thursday night at the PCGS Members Only Show in Las Vegas. Online pre-bidding drove up prices, resulting in stellar numbers across the board. A packed house, frenzied phone bidding, and live online bidding made for an exciting 3+ hour sale. Auctioneer Ron Guth returned to the podium and did a dutiful job setting the pace.

Julie Abrams, president of Legend-Morphy, was thrilled with the sale. “We’re excited to have been able to start off the new year with such an impressive offering and outstanding results. We can only hope that the rest of 2014 brings as much success as The Regency Auction VI.”

Total prices realized were $2,546,571.63, with numerous stand outs:

  • Lot 1 – 1c 1793 Wreath Vine/Bars PCGS XF40 CAC, $22,325.00
  • Lot 66 – 10c 1880 PCGS PR67 Cameo CAC, $7,050.00
  • Lot 95 – 25c 1863 PCGS PR66+ CAC, $21,150.00
  • Lot 123 – 25c 1896 PCGS PR67 DCameo CAC, $9,987.50
  • Lot 174 – 50c 1938 PCGS PR67+ CAC, $4,406.25
  • Lot 201 – $1 1880-S PCGS MS66 CAC Ex Sonnier, $5,875.00
  • Lot 306 – 1c – $1 1860 Proof Set PCGS CAC, $61,687.50
  • Lot 315 – $2 1/2 1796 No Stars PCGS AU58, $182,125.00
  • Lot 330 – $5 1853-C PCGS MS64 CAC, $64,625.00
  • Lot 339 – $10 1900 PCGS MS65, $11,162.50
  • Lot 340 – $10 1904-O PCGS MS65 CAC, $28,200.00
  • Lot 381 – 50c 1879 J-1597 PCGS PR66 Cameo CAC, $30,550.00

Legend-Morphy partner Laura Sperber “would like to thank everyone who helped make The Regency Auction VI such a success. For a smaller, 381 lot sale, we had 119 successful winning bidders plus hundreds more watching live during the sale. Prices realized were not only impressive, but met or exceeded prices realized by similar coins at any major auction house!”

Sperber went on the say that “the Proof Sets really did well in this sale and there was some very exciting bidding on the 1860 Matched Original Proof Set. In addition, a number of gold pieces met or exceeded our already lofty expectations. This sale was a promising start to 2014, and it bodes well for ushering Legend-Morphy into its second full year.”

All prices realized are posted on the Legend-Morphy website: www.legendmorphy.com.

The next Legend-Morphy sale, The Regency Auction VII will be held Thursday, May 22 at the PCGS Members Only Show at The Venetian in Las Vegas. They will be accepting consignments through mid-March.

For information about Legend-Morphy, e-mail Julie Abrams at juliea@legendmorphy.com, call 845-430-4378, or visit www.legendmorphy.com

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