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

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

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

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

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

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

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

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

For immediate release
August 31, 2017

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

        For additional information, including the schedule of events and a list of attending dealers, visit online at www.LongBeachExpo.com, call the Long Beach Expo at 888-743-9316 or email at LBExpo@collectors.com.

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

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

News media contacts:
David McCarthy

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

On the Obverse the central devices are:

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

The Reverse central inscription includes:

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

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

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

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

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Perth Mint’s rare $1.8m coin trilogy sold

July 7, 2017 in Australian Coins, Coins, Coins for sale, Collecting, Commemorative, Gold, Gold Coins, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals

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

The following is a courtesy post from our sister site World Mint News Blog.

The pinnacle of the Perth Mint’s long-term association with Rio Tinto and Argyle Pink Diamonds, the Australian Trilogy is an incomparable combination of precious metals and rare, natural, fancy-colored diamonds unearthed from the Argyle Diamond Mine in the east Kimberley region of Western Australia.

“This coveted collection of diamond-studded gold and platinum coins has raised the bar on the concept of ‘unique collectable,’ exemplifying the quality craftsmanship for which the Perth Mint and Argyle Pink Diamonds are renowned,” said Perth Mint chief executive officer Richard Hayes.

Since the… Full article at the source>

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

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

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

CONTACT: Donn Pearlman
Telephone: 702-868-5777

E-mail: donn.pearlman@gmail.com

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

 

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

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

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

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

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

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

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

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

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

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

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

Highlights include:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

Screen grab image of actor James Earl Jones

Screen grab image of actor James Earl Jones

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

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

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

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

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

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

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Note By: Numismatica.com

Here are the links to the two specific videos;

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

Part 2: https://youtu.be/gb3mgkYMssM

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Is there a fortune hiding in your change jar?

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

By: Tegna Liberty Coin and Currency Blog

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

Source: Liberty Coin and Currency Blog

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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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Statement from Kevin Lipton

April 2, 2017 in Antique Coins, Auctions, Coins, Collecting, Dollar Coins, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

Statement from Kevin Lipton
President, Kevin Lipton Rare Coin, Inc., Beverly Hills, California

 

April 1, 2017

 

Dexter/Pogue 1804 dollar

Dexter/Pogue 1804 Draped Bust dollar

Somewhere over Topeka, Kansas Friday night, while I was flying back to Los Angeles from Baltimore, John Albanese and I jointly purchased the Dexter/Pogue 1804 Draped Bust dollar for $3,290,000. This is actually the second time I’ve owned this historic rare coin. I purchased it with Hugh Sconyers for a then-record price of $990,000 on behalf of the American Rare Coin Fund at Auction ’89 in Chicago in 1989.

I bought the coin this time strictly the way I buy everything: on a basis of opportunity. In my opinion, this was the best buy of a high value rare coin in the last 20-plus years. It was a moment of opportunity. I don’t have any customers for it, I just want to enjoy it now.

When opportunity knocks, you have to be there to answer.  I was expecting this coin to sell for between $4 and $5 million, and was stunned at this kind of opportunity to acquire it for less than $3.3 million.

John (Albanese) and I have been friends and have done business together for decades. He is one of the most respected numismatists in the world, and was an original co-founder of both PCGS and NGC as well as CAC. We are both excited and happy now to own one of the world’s most famous rare coins.

 

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Stack’s Bowers Galleries to showcase important collections in March 2017 Baltimore Auction

March 25, 2017 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Conventions, E-commerce, Education, Fun, Gold, Gold Coins, History, Investing, Medals, News, Numismatica, Numismatics, Offers, Opinion, Rare Coins, USA Coins

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

 

Stack’s Bowers Galleries will be offering world-class collections as part of their Official Auction of the Whitman Coins & Collectible Expo next week in Baltimore, Maryland. Anchored by the Blue Moon Collection, Part I, and the collections of Dr. Gordon Shaw and Anthony Bettencourt, this event will showcase fresh, high-quality material that many collectors will be eager to bid on.

The auction begins at 4:00 (ET) on the afternoon of Wednesday, March 29, with Session I, which will feature numismatic Americana, colonial… Full article at the source>

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

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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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“Trump Effect” Lifts 2016 U.S. Rare Coin Market, Reports Professional Numismatists Guild

December 27, 2016 in Clubs and Associations, Coins, Collecting, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 27, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
(702) 868-5777 Donn.Pearlman@gmail.com

“Trump Effect” Lifts 2016 U.S. Rare Coin
Market, Reports Professional Numismatists Guild

(Temecula, California) – The optimism that disposable income may increase with the election of Donald Trump lifted the United States rare coin market in the last two months of 2016, according to the Professional Numismatists Guild (www.PNGdealers.org). The PNG, a non-profit organization composed of many of the country’s top rare coin and paper money experts, conducts an annual compilation of results of major auctions of U.S. rare coins.

“After several years of higher prices and the spectacular sales of several legendary coin collections, the U.S. rare coin market softened in 2016. But after the November elections, there was a notable increase in demand for high-quality rare coins, including those priced at $100,000 or more,” said PNG President Dana Samuelson.

The aggregate prices realized for U.S. coins sold at major public auctions in 2016 totaled $341,815,542. The totals were $439 million in 2015; $536 million in 2014; and $393 million in 2013. One firm, Heritage Auctions, accounted for $192 million of the 2016 total. All totals include the buyer’s premium to reflect the actual, full prices paid by winning bidders.

“In our annual survey of major numismatic auction firms, the consensus estimate is that the overall U.S. rare coin market for auctions and direct sales in 2016 was about $4 billion, not including bullion coins, such as gold, silver or platinum American Eagles, and not including sales by the United States Mint,” explained Samuelson.

“Over the decades the U.S. rare coin market moves in cycles, and the long-term trend is up. We believe 2017 will be an opportunity for astute collectors to be buying,” said Robert Brueggeman, PNG Executive Director.

There were four coins that sold for $1 million or more at auction in 2016 compared to a record-setting 17 during 2015. A fifth coin crossed the million dollar mark in a private sale in late 2016, and although the purchase price was not disclosed, it was reported the coin is insured for $8 million for a planned public display in early 2017.

The four million-dollar coins sold at public auction in 2016 are:
1894 San Francisco silver dime, graded PCGS Proof 66, $1,997,500, sold by Heritage Auctions.
1879 Quintuple Stella (pattern $20 denomination gold coin), PCGS Proof 64 Deep Cameo, $1,888,000, sold by Legend Rare Coin Auctions.
1833 Caped Head Left, Large Date Half Eagle ($5 denomination gold coin), PCGS Proof 67, $1,351,250, sold by Stack’s Bowers Galleries.
1795 Draped Bust silver dollar, PCGS Specimen 66, $1,057,500, sold by Stack’s Bowers Galleries.
The auction firms that responded to the PNG survey are: Bonham’s; Ira & Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; David Lawrence Rare Coins; Legend Rare Coin Auctions; Scotsman Coin & Jewelry; and Stack’s Bowers Galleries.

The Professional Numismatists Guild was founded in 1955. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the PNG and a complete list of member-dealers, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Five of the rarest coins you could possibly come across

November 22, 2016 in Antique Coins, Blogs, Coins, Collecting, Education, Gold, Gold Coins, Gold Eagles, Investing, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, Reference, Silver, Silver Coins, Silver Dollars, USA Coins

By: Angela Raymond Liberty Coin and Currency Blog

gold coins

For its short length in history, the United States has an extensive list of currency. Many of which are thought to be lost forever after being ordered to be destroyed due to a depression or plans of being replaced with an entirely new design. Their scarcity sparked beliefs of fable until collectors began coming forward with authentic coins verifying their place in history.

The 1794 Flowing Hair Silver Dollar – $10 Million

Now considered the highest valued coin in history, the 1794 Flowing Hair Silver Dollar was struck only in 1794 and 1795. Many collectors refer to it as much… Full article at the source>

Source: Liberty Coin and Currency Blog

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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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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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Louisiana Purchase Commemorative Gold Dollars

September 16, 2016 in Antique Coins, Coins, Collecting, Commemorative, Dollar Coins, Education, Gold, Gold Coins, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, US Mint, USA Coins

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

300-c_1903_laexpo_01dg_jeff_o_tmsmall

Thirteen gold commemorative coins were released by the United States Mint between 1903 and 1926, ranging in denominations from one dollar to fifty dollars. These were sometimes released in conjunction with a commemorative silver dollar, but occasionally featured another subject altogether, as was the case with the first two gold commemorative issues, the 1903 Louisiana Purchase gold dollars.

The United States first struck a gold dollar in 1849, following the discovery of gold in California. Over the years, the denomination ceased to be used except in remote areas of the country, and by the 1880s mintages had dropped considerably. The denomination… Full article at the source>

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

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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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How Rare Coins Can Help Your Investment Portfolio

August 15, 2016 in Bullion, Coins, Collecting, Education, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins, World Coins

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

16eh_aSMALLer

Just last year, a British charity known for helping UK war veterans received an odd-looking two pence coin in one of its donation bins. As the coins were being counted, a branch treasurer noticed that this particular two pence coin was silver instead of the usual copper color and took the coin to the bank to find out more about it. As it turns out, the nickel-plated two-pence coin was actually made in error, making it a rare and valuable find. The coin went on to sell for £1,350 ($1,915), an astonishing 67,000 times more than its face… Full article at the source>

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

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Newly Discovered, Unique Dual-Plugged 1795 Silver Dollar To Be Offered by Heritage Auctions

July 18, 2016 in ANA (American Numismatic Association), Antique Coins, Auctions, Coins, Coins for sale, Collecting, Collector Sets, Dollar Coins, Education, History, News, NGC (Numismatic Guaranty Corporation ), Numismatica, Numismatics, Press Releases, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
July 18, 2016

News media contact:
Eric Bradley, Heritage Auctions Public Relations Associate
214-409-1871; Ericb@ha.com

Newly Discovered, Unique Dual-Plugged 1795
Silver Dollar To Be Offered by Heritage Auctions

Authenticated by NGC, this discovery coin will be featured in the Heritage Platinum Night Auction at the ANA Anaheim World’s Fair of Money, August 10, 2016

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016. Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016.
Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016. Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016.
Photo credit: Heritage Auctions www.HA.com

A first-of-its-kind, recently discovered 1795 U.S. Flowing Hair silver dollar (http://coins.ha.com/itm/early-dollars/silver-and-related-dollars/1795-1-flowing-hair-three-leaves-two-mint-silver-plugs-b-5-bb-27-r1-au53-ngc/p/1238-101028.s?ic4=ListView-ShortDescription-071515) with two separate “plugs” has been authenticated by Numismatic Guaranty Corporation (www.NGCcoin.com) and will be a featured highlight of the Heritage Auctions (www.HA.com) Platinum Night auction at the American Numismatic Association 2016 Anaheim World’s Fair of Money, August 10.

“Many 1795 silver dollars, along with a single 1794 dollar and a small number of 1795 half dollars, show evidence of a Mint-inserted plug, apparently to achieve a correct weight for the planchet prior to striking.  Today, for the first time, we have a 1795 Flowing Hair dollar that has two Mint-inserted silver plugs, one at the center of the obverse and the other at the lower reverse,” said Mark Borckardt, Heritage Senior Cataloger.

“Each of the two plugs has a diameter of about 4 millimeters.  The obverse plug is located on Liberty’s neck, tangent to the jaw line which appears through the plug.  The reverse plug is located between the ribbon ends,” he explained.

The coin has been certified and graded NGC AU53 and is designated as 1795 dollar Flowing Hair, Three Leaves variety B-5, BB-27, R-1.

“Most numismatic researchers today agree that silver plugs were added to adjust the weight of the planchets.  While we don’t know the exact process used at the Philadelphia Mint in 1795, we assume an underweight planchet was pierced and a silver pin fastened to the planchet by means of smooth ‘dies’ in a screw press.  Apparently, the first plug on this coin was not enough to bring up the weight to the standard level of 26.96 grams, so a second plug was inserted,” said Borckardt.

The weight of the dual-plugged coin is 26.98 grams.

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse. Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse.
Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse. Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse.
Photo credit: Heritage Auctions www.HA.com

The consignor of the discovery coin wants to remain anonymous, and no information is available at this time about the coin’s earlier provenance.

“This unique early American coin provides insight into the early years of the United States Mint.  Its discovery 221 years after its production makes us eagerly anticipate what other numismatic treasures are still waiting to be found,” said Borckardt.

Heritage Auctions is the largest auction house founded in the United States and the world’s third largest, with annual sales of more than $900 million, and 950,000+ online bidder members. For more information about Heritage Auctions, and to join and receive access to a complete record of prices realized, with full-color, enlargeable photos of each lot, please visit HA.com.

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Cool Coins from Long Beach: 1851-O $20.00

June 18, 2016 in Antique Coins, Auctions, Blogs, Coin Shows, Coins, Collecting, Education, Entertainment, Gold, Gold Coins, History, Investing, Numismatica, Numismatics, Rare Coins, USA Coins

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

I always like to share some of the interesting “secret” coins that I buy at shows and I recently realized that it’s been a long time since I’ve written a “Cool Coins” Blog. At the recent Summer 2016 Long Beach show, I purchased a number of special coins which never made it on to my website.

One of my favorite purchases was a stunning 1851-O $20 from an old-time, fresh collection which was sold by Goldberg in their pre-show auction. There were three great Type One double eagles in the sale: a borderline Gem 1850, this 1851-O, and an 1857 in… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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Positive Protection Guard Tackles Suspected Coin Thief In Long Beach

June 13, 2016 in Coins, Collecting, Conventions, Events, News, Numismatic Crimes, Numismatica, Numismatics, Press Releases, Rare Coins, Theft

Updated: June 12, 2016

 Positive Protection Guard Tackles
Suspected Coin Thief In Long Beach

 

(Long Beach, California) — A suspected thief was tackled by a Positive Protection, Inc. (www.ppius.com) security guard as he tried to escape at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo (www.LongBeachExpo.com) on Friday, June 10, 2016.  An alleged accomplice with a backpack containing more than $300,000 of rare coins was also taken into custody.

Both suspects were turned over to Long Beach police on suspicion of burglary, robbery and possession of stolen property.  Two other suspects were arrested the next day and more stolen coins were recovered.

“They reportedly were trying to sell coins at the Long Beach Expo in the Long Beach Convention Center.  One dealer they approached, Karl Stephens, thought the coins they were offering had been stolen earlier in a robbery in the San Bernardino, California area,” said Patrick Coward, a guard for Positive Protection of Temecula, California, a company that provides security services for coin and jewelry dealers.

When the suspects tried to leave, the dealer shouted out to stop them.  I was nearby and when one suspect started to run I chased him and tackled him at the door.  Additional security personnel from the show helped subdue him.  The second suspect was stopped without a problem at the door as he tried leave.  His backpack was filled with more than 100 ancient coins and other gold and silver coins worth more than $300,000,” explained Coward, a former New York City homicide detective.

The brief chase and the tackle were captured on surveillance video at the booth of Stack’s Bowers Galleries (www.stacksbowers.com) of Santa Ana, California and New York City.

This surveillance video shows Positive Protection, Inc. security guard and former New York City Police homicide detective Patrick Coward on the left as he immediately chased and tackled a suspected coin thief when the suspect tried to flee from a coin show in Long Beach, California on Friday, June 10, 2016. His alleged accomplice is then stopped at the door while carrying a backpack with a reported $300,000 in rare coins believed stolen in an earlier theft in the San Bernardino, California area. VIDEO CREDIT: courtesy of Stack’s Bowers Galleries.

“With the help of a knowledgeable dealer and the fast action of trained security professionals, two suspected thieves were caught and valuable, stolen rare coins have been recovered,” said Robert Brueggeman, President of Positive Protection which provides on-site security for all the Whitman Expo and American Numismatic Association convention shows.  “We always want a safe, enjoyable environment for dealers and the public at these collectible shows, but we also must always be on alert.”

A day after the capture of the two suspects at the coin show, Long Beach Police arrested two more suspects who reportedly came to retrieve the car of the first two suspects.  Investigators recovered from the car what is believed to be the remainder of the stolen rare coins.

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

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

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

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

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

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

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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The Newbie’s Lament: What Should I Collect?

May 22, 2016 in Antique Coins, Blogs, Coins, Collecting, Collector Sets, Education, Entertainment, Gold, Gold Coins, Numismatica, Numismatics, Opinion, Precious Metals, Proof Coins, Rare Coins, USA Coins

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

For new collectors of vintage United States gold coins, one of the most puzzling questions to ask is: what should I collect. The answer, of course, depends on your budget but it also depends on which sort of collection you are going to build: a set with a focused beginning, middle, and end, or a more random approach.

To make this an inclusive article, I’m going to look at three price ranges of coins (small, medium and large if you will…) and how they apply to both approaches.

First, let’s quickly discuss price ranges. To collect 19th and early 20th century US… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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What Are the Three Rarest Carson City Half Eagles?

May 17, 2016 in Antique Coins, Blogs, Coins, Collecting, Collector Sets, Education, Gold, Gold Eagles, Numismatica, Numismatics, Precious Metals, Rare Coins, USA Coins

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

Of the three denominations of gold coins struck at the Carson City mint, perhaps the most popular to collect by date are the half eagles. Of the 19 issues produced between 1870 and 1893, all are obtainable in reasonably high grades. But some of these are rarer than most collectors realize, and the Big Three are extremely challenging to obtain in higher grades. What are the three rarest Carson City half eagles and how do they compare in overall and high grade rarity?… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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