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Bowers on collecting: Collecting Morgan silver dollars part two

January 11, 2018 in Coins, Collecting, Dollar Coins, Education, History, Investing, Morgan Silver Dollars, News, Numismatica, Numismatics, Opinion, Precious Metals, Silver, Silver Coins, Silver Dollars, USA Coins

By: Q. David Bowers News.CoinUpdate.com (Coin Update News)

Continuing from my last column, I told about the release at the Philadelphia Mint in November 1962 of quantities of 1903-O dollars, hundreds of thousands of them. At the time the 1903-O cataloged in Mint State for $1,500 in the Guide Book of United States Coins, with no others priced higher. As I mentioned before, by that time I had been a dealer for nearly 10 years and had never seen an Uncirculated coin. Now, all of a sudden, they were readily available. To many, this was like finding gold in the streets! As might be expected, the $1,500… Full article at the source>

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

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The 1804 $ 1.00 Dexter/Pogue Coin

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

By: Legend Numismatics Market Reports

Post Baltimore Show

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

Source: Legend Numismatics Market Report

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Legend Buys Dexter/Pogue 1804 Dollar From Lipton and Albanese

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

For immediate release
April 3, 2017

News media contacts:

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

Legend Buys Dexter/Pogue 1804
Dollar From Lipton and Albanese

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

 

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

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

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

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

Then the offers started coming in.

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

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

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

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

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

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

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

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

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

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$10 Million Coin Makes First Public West Coast Appearance

January 16, 2017 in Auctions, Coin Shows, Coins, Collecting, Conventions, Dollar Coins, Education, Entertainment, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins, World Records

For immediate release
January 16, 2017
News media contact:

Steve Sloan, (949) 567-1223

$10 Million Coin Makes First Public West Coast Appearance

The 1794 Specimen Dollar from the Bruce Morelan Collection of Early Dollars is one of many highlights of the show.

The 1794 Specimen Dollar from the Bruce Morelan Collection of Early Dollars is one of many highlights of the show.

(Long Beach, California) — The Long Beach Coin, Currency, Stamp & Sports Collectible Expo is set to kick off 2017 with their first show of the year (www.LongBeachExpo.com). From February 16-18, 2017, the show will boast the hobby’s first $10 million coin on display, along with gold coin giveaways, educational opportunities for collectors, and as always, fun activities for kids.

Highlighting the many features of the Long Beach Expo is the display of the Bruce Morelan Collection of Early Dollars (booth 1348), featuring the 1794 Specimen Dollar, better known as the first, and only, coin to reach the $10 million mark at auction.

Compiled over years by famed collector Bruce Morelan, the set features 12 early silver dollars, dating from 1794 to 1803, and includes coins of such pedigree, value and grade that it is considered one of the most remarkable achievements in the annals of American numismatics.

“We are thrilled to have the privilege to showcase this unprecedented set and coin that many believe to be the first dollar struck on U.S. soil. In fact, we encourage visitors to take a picture with the coin, a piece of American history,” said Long Beach Expo President Cassi East.

The 1794 Specimen Dollar will be presented in a walk-through, museum-quality exhibition space, perfect for 360 degree views of the iconic coin.

In addition to hundreds of dealers from throughout the world of collectibles, two key players in the numismatic industry will be on-site. The U.S. Mint will be present, selling the latest commemorative coins at booth 1148, and PCGS will be grading coins and offering special labels for U.S. Mint releases at booth 807.  

“This is a great chance for collectors to get the latest U.S. Mint coins, then get their coins graded and holdered with special labels at the PCGS booth, all at one show. It’s a one-stop show for your collecting needs,” said PCGS President Don Willis.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day.

Each year, the Long Beach Expo gives visitors various educational opportunities throughout the three-day show. For this upcoming show, The National Silver Dollar Roundtable (booth 1148) is offering a free silver dollar seminar on Thursday, February 16 from 2:30 to 4:30 p.m.

The show also gives visitors a chance to meet with a respected numismatist during “Meet the Expert” sessions. PCGS Founder David Hall will conduct the sessions during all three days of the show (booth 807), Thursday, February 16, 1 p.m. to 2 p.m.; Friday, February 17, 1 p.m. to 2 p.m.; and Saturday, February 18, 12 p.m. to 1 p.m.

Aside from educational opportunities and an abundance of collectibles from over 500 dealers, the Long Beach Expo is also fun for kids. Be sure to bring your kids by Saturday, February 18 to partake in our Treasure Hunt, where they have the chance to earn up to three PCGS-certified coins, Pokémon cards and a goodie bag,” said East.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day. Winners will be drawn at 1 p.m. each day of the show. Simply sign up for free at the registration booth.

The official auctioneer of Long Beach Expo, Heritage Auctions, will hold their Signature U.S. Coin Auction from Wednesday, February 15 to Friday, February 17.

For those locating their coins via the CoinSearch (m.collectorscorner.com), look for listings five to seven days before show day.

Free admission is available to the Long Beach Expo with promo code EXPOPR. Go to www.LongBeachExpo.com and click on the “GET PASSES” button.

The Long Beach Expo will take place February 16-18, 2017, at the Long Beach Convention Center. 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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Design Competition for 2018 World War I Commemorative Coins

February 4, 2016 in Coins, Collecting, Commemorative, Competition, Design, Dollar Coins, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Dollars, US Mint, USA Coins

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

CapturewideSMALL

The U.S. Mint has shared details for an upcoming competition in which contestants will be able to submit designs for the 2018 World War I Centennial Commemorative silver dollar. The winning artist will design both the obverse and reverse of the coin, and will receive a prize of $10,000.

The contest is open to all citizens and permanent residents of the United States who are at least 18 years of age. Each applicant can submit three to five samples between February 29 and April 28. A group of experts will then select 20 artists to move forward with obverse… Full article at the source>

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

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How Silver Dollars Won the West

September 5, 2015 in Antique Coins, Blogs, Coins, Collecting, Education, Gold, History, Morgan Silver Dollars, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Dollars, USA Coins

By: Libertycoin Liberty Coin and Currency Blog

Silver Dollar

There was a time in the Western U.S. when silver dollars were everywhere. And it still seems like anyone with even a modest coin collection has a couple of Morgan silver dollars. But why are silver dollars so abundant? It comes down to the perfect combination of fear, skullduggery and mountains of silver.

In 1859, Patrick McLaughlin and Peter O’Riley struck gold outside Carson City, Nevada, in Six Mile Canyon. Despite the fact that Henry Comstock did not actually own the land where the miners found the gold — he just happened to be riding through a few hours after the… Full article at the source>

Source: Liberty Coin and Currency Blog

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2015 National Park Service Commemorative Coins Design Candidates

June 18, 2015 in Blogs, Coins, Commemorative, Dollar Coins, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Dollars, US Mint, USA Coins

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

g-o-1-12

Next year, a commemorative coin program will recognize the 100th anniversary of the National Park Service.

The program was authorized under section 3055 of Public Law 113-291 and provides for the minting and issuance of up to 100,000 $5 gold coins, 500,000 silver dollars, and 750,000 clad half dollars. Surcharges added to the cost of each coin will be distributable to the National Park Foundation for projects and programs that help preserve and protect resources under the stewardship of the National Park Service and promote public enjoyment and appreciation of those resources.

The designs for the coins are to be… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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US Mint to Offer 2015 March of Dimes Special Silver Set

March 6, 2015 in Coins, Coins for sale, Collecting, Collector Sets, Commemorative, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver Coins, Silver Dollars, Uncirculated Coins, US Mint, USA Coins

By Michael Zielinski News.CoinUpdate.com (Coin Update News)

2015-march-of-dimes1

As part of this year’s March of Dimes Commemorative Coin Program, the United States Mint will be offering a limited edition collector set which includes specially produced Roosevelt Dimes.

The program was authorized under Public Law 112-209 to recognize and celebrate the 75th anniversary of the March of Dimes Foundation. Silver dollars with an overall maximum mintage of 500,000 pieces will be issued in proof and uncirculated qualities. The obverse design of the coin contains profile portraits of Franklin D. Roosevelt and Dr. Jonas Salk and the reverse design depicts a baby cuddled in the hand of a parent.

Full article at the source>

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

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2015 March of Dimes Special Set Announced

February 7, 2015 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Dimes, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, Silver Dollars, Uncirculated Coins, US Mint, USA Coins

By Mint News Blog (http://mintnewsblog.com)

2015-march-of-dimes

The United States Mint has just revealed preliminary details for a 2015 March of Dimes Special Set, which will be released as part of the commemorative coin program.

The program was authorized under Public Law 112-209 to recognize and celebrate the 75th anniversary of the March of Dimes Foundation. Up to 500,000 silver dollars will be issued with an obverse design containing profile portraits of Franklin D. Roosevelt and Dr. Jonas Salk and a reverse design depicting a baby cuddled in the hand of a parent.

The individual proof and uncirculated versions of the coin are currently scheduled for Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Mother’s Day Centennial Commemorative Coin Act Introduced

May 16, 2014 in Coins, Commemorative, News, Numismatica, Numismatics, Politics, Proof Coins, Silver, Silver Coins, Silver Dollars, US Government, US Mint, USA Coins

By: Michael Zielinski. May 15, 2014  (http://news.coinupdate.com)

On May 8, 2014 Senators Jay Rockefeller and Joe Manchin of West Virginia introduced a bill which would require the Secretary of the Treasury to mint coins in commemoration of centennial of the establishment of Mother’s Day.

Anna Jarvis is considered to be the founder of the modern Mother’s Day. The first official celebration took place May 10, 1908 at Andrew’s Methodist Episcopal Church in Grafton, West Virginia on the third anniversary of her mother’s passing. In 1910, the holiday was officially declared by the State of West Virginia. In 1914, the Sixty-Third Congress approved H. J. Res. 263 designating the second Sunday in May as Mother’s Day. President Woodrow Wilson issued a Presidential Proclamation the following day directing government officials to display the American flag on all government buildings and inviting the American people to display the flag at their homes on the second Sunday of May as a public expression of the love and reverence for the mothers of our Nation.

Full article at the source>

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