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Dipped: Know the Tell-Tale Signs

February 28, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Copper, Copper Coins, E-commerce, Ebay, Education, Morgan Silver Dollars, News, Numismatica, Numismatics, Opinion, Pennies, Rare Coins, Silver Coins, USA Coins

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

Increasingly on Proxibid, HiBid, and eBay, I am encountering dipped coins, making me wary about placing any bids, even on Morgan dollars like this 1902 one depicted above. That’s not how a 115-year-old silver coin is supposed to look, unless it was broken out of a bank roll, in which case the seller would have offered more than one in this condition.

This coin was expertly dipped, meaning it still may slab at PCGS or NGC.

You can buy dips at coin shops, at shows, and online. Each dealer or expert hobbyist has his or her formula, usually diluted with… Full article at the source>

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

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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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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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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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The L. Clark Gould Collection of Toned Classic Commemoratives and Morgan Dollars

April 28, 2015 in Antique Coins, Blogs, Certified Acceptance Corporation (CAC), Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Coins, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins

By: (Leo Frese) www.leofresecoins.com

It is with great pleasure I announce the consignment by Mr. Gould of his colorful collections. Although there are a number of offerings that are not toned, the majority of the coins have colors that will appeal to the collector of totally original coins. As the majority of the collection was purchased prior to 2002, there are a large number of solid upgrade coins and coins which will certainly obtain the CAC stickers. Before submitting the coins for regrade, and having them removed from their old PCGS and NGC holders, I will be offering the coins for several weeks here… Full article at the source>

Source: Leo Frese Numismatic Blog

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PCGS Plans “Worst of the Worst” Morgan Dollars And Superb, Historic Assay Medals Displays At ANA

July 9, 2014 in ANA (American Numismatic Association), Antique Coins, Coin Grading, Coins, Collecting, Events, Gold, Gold Coins, Medals, Morgan Silver Dollars, 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

For immediate release
July 9, 2014

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

PCGS Plans “Worst of the Worst” Morgan Dollars And Superb, Historic Assay Medals Displays At ANA

Two extremely difficult to assemble numismatic collections that are the finest of their kinds in the PCGS Set Registry® will be displayed for the first time in public by Professional Coin Grading Service (www.pcgs.com) at the upcoming American Numismatic Association 2014 Chicago World’s Fair of Money, August 5 – 9.

This 1860 U.S. Assay Commission medal, graded PCGS SP64BN, is part of the Numismatic Americana Reference Collection that will be displayed by PCGS at the 2014 ANA World's Fair of Money.   Photo credit: PCGS

This 1860 U.S. Assay Commission medal, graded PCGS SP64BN, is part of the Numismatic Americana Reference Collection that will be displayed by PCGS at the 2014 ANA World’s Fair of Money.
Photo credit: PCGS

The superb quality “Numismatic Americana Reference Collection” of Medals of the United States Assay Commission and the “End of the Trail VIII Collection” of Morgan dollars with the lowest grade point average in the “Low Ball” registry will be exhibited at the PCGS booth (#701) at the ANA convention.

The all-time finest registry set of historic U.S. Assay Commission medals of 1860 to 1977 is owned by PCGS Authorized Dealer Bill Shamhart of Numismatic Americana, Inc. in New Jersey.  The set has a Mint State weighted grade point average of 62.345.

The Assay Commission was established in 1792 to supervise the annual testing of gold and silver coinage produced by the United States Mint to ensure that the metal content met specifications.  The commission members appointed each year were private citizens including numismatists.

Medals were produced for commission members every year from 1860 through 1977, except during the Civil War era, 1862 -1866, and in 1954.

“Most U.S. Assay medals are rare because they were only issued in very limited quantities, usually from about 50 to 200 of each.  They were struck in various sizes ranging from 33 millimeters in diameter, a little larger than a modern half dollar, to 76 millimeters, about twice the size of a Double Eagle.  There’s also a vast array of interesting and beautiful designs in the series.  PCGS recently began authenticating and grading these important medals,” explained PCGS President Don Willis

PCGS has produced a brochure about U.S. Assay Commission medals in the Numismatic Americana Reference Collection featuring illustrations of Shamhart’s ten favorite medals.  Copies of the brochure will be available free while supplies last at the PCGS booth at the ANA convention.

The entire collection can be viewed online at www.pcgs.com/setregistry/alltimeset.aspx?s=118273.

PCGS also will display at the 2014 ANA World’s Fair of Money the lowest graded basic set of Morgan Dollars.

This 1878 eight tail feathers Morgan dollar, graded PCGS PO-1 (none worse!), is from the End of the Trail VIII Collection of Low Ball Morgan dollars that will be exhibited for the first time during the 2014 ANA World's Fair of Money.   Photo credit: PCGS

This 1878 eight tail feathers Morgan dollar, graded PCGS PO-1 (none worse!), is from the End of the Trail VIII Collection of Low Ball Morgan dollars that will be exhibited for the first time during the 2014 ANA World’s Fair of Money.
Photo credit: PCGS

“The appropriately named ‘End of the Trail’ Morgan dollar collection has a Poor weighted grade point average of only 1.130.  It is the all-time finest, or in this case, the worst-of-the-worst basic Morgan dollar set in the Low Ball category.  While collectors have a lot of fun with the Low Ball sets, remember that it often is just as difficult and exciting to build a low grade set as it is to assemble a high grade collection,” said Willis.

Free, educational brochures about this collection will be available at the show while supplies.  The brochure includes illustrations of the top ten favorite low-grade Morgan dollar coins of the set’s owner, collector Mike Hoyman of Alaska.

Hoyman’s number one favorite is an 1878 eight tail feathers variety that is missing more than 99 percent of the obverse but has enough reverse design remaining to distinguish the eight feathers.  It is graded PCGS PO-1.

PCGS authenticators were unable to determine the specific VAM variety for that coin and some others in the collection because the grades are so low.  Of the 97 coins in the set, 87 of them are graded Poor (PCGS PO-1) and the other 10 are graded Fair (PCGS FR-2).

The entire End of the Trail VIII Collection can be viewed online at www.pcgs.com/setregistry/alltimeset.aspx?s=82663.

“PCGS launched the Low Ball registry category in 2007 as a fun and challenging way for collectors to compete to see who has the lowest graded coins.  It’s much harder than you would think, but there are now 825 registered Low Ball sets of U.S. coins,” said BJ Searls, Collectors Universe Set Registry & Special Projects Director.

The PCGS Set Registry (www.pcgs.com/setregistry) was established in 2001 and now hosts over 70,000 U.S. and world coins sets. 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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