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COINage - February 2017 PDF
COINage - February 2017 PDF
COINage
INage A Magazine for Coin Collectors | February 2017
www.coinagemag.com
Vol 53 No. 02 • Issue code: 2017-02
February 2017 • Display until 02/21/2017 • $4.99
02
0 71658 02039 9
PRINTED IN USA
Universal Cv2.indd 2 12/23/16 5:49 PM
COINage February 2017 I Volume 53 I Number 2
Cover Photos: 18/Small Date, Large Impact (PCGS); 10/Gold in 2016 and Beyond (U.S. Mint); 30/Coin Capsule: 1801 (public domain);
Sizes Matter 18
The 1960 small date cent had a large impact on the hobby.
by Tom DeLorey
DEPARTMENTS
My Two Cents’ Worth 6 COINage Price Averages 55 Index to Advertisers 66
Market Report 8 COINage Kids 62 Index to Coin Buyers 66
Price Guide 32 Numismatic Notes 64
On rare occasions, inadvertent typographic errors occur in COINage (ISSN 0010-0455) is published monthly by Beckett Media LLC, 4635 McEwen Rd., Dallas, TX
coin prices listed in advertisements. For that reason, ad- 75244. Periodicals postage paid at Dallas, TX 75260 and at other mailing offices. Printed in U.S.A. Copyright
vertisements appearing in COINage should be considered 2016 by Beckett Media, LLC. POSTMASTER: send address changes to COINage c/o Beckett Media, 4635
as requests to inquire rather than as unconditional offers McEwen Rd., Dallas, TX 75244 or [email protected].
of sale. All prices are subject to change without notice. © 2016 by Beckett Media, LLC.
PRINTED IN U.S.A. All righs reserved. Reproduction of any material from this issue in whole or in part is strictly prohibited.
February 2017 3
G&F_Jan_4-5.indd 4 12/23/16 6:07 PM
G&F_Jan_4-5.indd 5 12/23/16 6:07 PM
“My Two Cents’ Worth”
EDITORIAL
ED REITER by Ed Reiter
Senior Editor
LYNN VARON
Managing Editor
BIRTHDAY-FROSTED PROOFS
T
Editorial Queries: he United States Mint is marking a only dozens per year. These coins were made
COINage magazine Queries
major milestone in 2017: the 225th primarily as a service to numismatists living
5235 Mission Oaks Blvd. #201
Camarillo, CA 93012 anniversary of its founding in 1792. near the Philadelphia Mint and were sold at
(972) 448-4626 With little fanfare, a second big anniversary face value
[email protected] also is taking place: the bicentennial of the Those coins were sold individually, rather
first proof coinage struck by the young U.S. than in sets, but in 1834, the Mint assembled
CONTRIBUTING EDITORS
Mint. the most famous—and most valuable—proof
MIKE FULJENZ
Proof coinage had been around for nearly a sets in U.S. history: the special sets meant for
JOHN IDDINGS
century and a half when operations began at presentation to the King of Siam and other
SCOTT A. TRAVERS
the Philadelphia Mint in 1793. The U.S. Mint Asian potentates in an effort to establish
DAVID T. ALEXANDER
had no time for it, though, for it was preoc- trade with their countries. Those sets were
R.W. JULIAN
cupied with making regular coins for the the genesis of the famous 1804 silver dollars.
TOM DELOREY
nation’s commerce. What’s more, it lacked There was heightened interest in proofs
RON MEYER
the equipment to strike such special coins. starting in the late 1850s, when the introduc-
JOSHUA MCMORROW-HERNANDEZ
Contrary to a common misconception, the tion of small-size cents led to an influx of
ART DEPARTMENT term “proof ” doesn’t refer to the grade of new collectors. From then on, proof mint-
LINDSEY JONES a coin. Rather, it denotes the way the coin ages escalated to the hundreds—and occa-
Art Director was made. Proofs are specimen-quality coins sionally the thousands—into the early 20th
RAVIJOT SINGH struck multiple times on highly polished century. At that point, they were offered in
Cover and Graphic Design planchets with special polished dies. subsets each year—one with the gold coins,
ROBYN AUSTIN The first known proofs were produced by one with the silver and one with the base-
Contributing Designer the British Royal Mint in the 1650s. Few metal coins.
were made, however—by Britain or any The modern era of U.S. proofs dates from
ADVERTISING other nation—until the early 1800s. 1950. Starting that year, the coins could be
BILL DUMAS Some U.S. coins struck prior to 1817 are purchased from the Mint only in complete
Advertising Director prooflike in appearance, but their superior sets. The issue price was a reasonable $2.10
PRISCILLA TORRES quality came about more by accident than per set from 1950 through 1964, but since
Advertising Sales
design. In any event, there is no indication then prices have risen substantially—and,
TOM CARROLL that Mint officials were deliberately produc- in recent years, so has the number of coins.
Ad Traffic Coordinator
ing proof coinage at the time. A complete 2016 proof set contains 13
ERIC NORTON It was no accident that U.S. proof coin- coins and was sold by the Mint at issue prices
Price Analyst
age first took place in 1817. But it was the of $31.95 for the regular (base-metal) set and
Advertising Inquiries: direct result of an accident. A calamitous $52.95 for the silver set.
Bill Dumas / COINage magazine
Beckett Media LLC fire early the previous year had destroyed an There’s a bit of irony in this: Back in the days
4635 McEwen Rd., Dallas, TX 75244 outbuilding where the Mint kept its rolling of $2.10 proof sets, many collectors—and
Ph. (972) 448-9147 mills—equipment used to flatten pieces of bargain-wise non-hobbyists—bought them
Fax (972) 991-8930 metal to the proper thickness for coining. As every year as a prudent form of investment,
Priscilla Torres a result production was sharply curtailed for for three of the coins contained silver—more
(972) 448-9131 the rest of 1816. than half an ounce altogether—and the sets
[email protected] Mint officials spent 1816 not only replacing always increased in value, sometimes sub-
the rolling mills but also upgrading other stantially, with the passage of time.
SANDEEP DUA
President machinery. When full production resumed Today, the base-metal proof set has little
in 1817, these improvements made it possible intrinsic value, yet sells for more than 15
JAMES L. MILLER
Founder to strike proof coinage—and the Mint did times as much as those warmly remembered
exactly that, although on a very limited basis. sets from the ’50s and early ’60s.
SUBSCRIPTION QUESTIONS? For the first half-decade, proofs were made Then again, there once was a time when
(866) 287-9383 in extremely limited numbers. The output proofs cost just face value.
[email protected] increased thereafter, but generally totaled A lot has changed in the last 200 years.
6 www.coinagemag.com COINage
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Market Report
by Mike Fuljenz
D
onald Trump’s surprise election as mittee. It was expected to be available before Jeppson, said: “The United States Mint
45th U.S. president has triggered big the Jan. 20 inauguration. is proud to honor one of the most well-
changes—some expected, others Private mints compete for the contract to known and highly regarded service orga-
not—in the market for precious-metal coins. produce the official inaugural medal. The nizations.”
Contrary to many experts’ assumption, the winner of the contract can strike and sell This organization’s work was special to my
prices of gold and silver fell, rather than rose, medals in different sizes, metallic versions late father, Ray Fuljenz, who was president of
following the election. Most observers had and set combinations that are approved by the High Noon Lions Club In Lake Charles,
thought those prices would move higher— the Inaugural Committee or a subcommittee. Louisiana.
perhaps sharply higher—because uncertainty This official inaugural medal, which is made
tied to Trump’s unpredictability would make by a private mint, should not be confused As of early December, silver was at $16.77
investors jittery. with the traditional presidential medal made an ounce, up over 21 percent for the year, gold
The president-elect’s assurances that he and issued by the U.S. Mint. The sale of was up about 11 percent and platinum was
envisioned no drastic economic initiatives official inaugural medals began in 1901 for up 4 percent. The Swiss bank UBS expects
helped allay skeptics’ fears, as did his conser- the second inauguration of President William silver to average $18.60 in 2017. The United
vative Cabinet selections, which included a McKinley. There is a good collectors’ market Kingdom’s HSBC bank sees a similar price of
number of prominent Wall Street executives. for presidential memorabilia that many coin $18.75. UBS also sees gold averaging $1,350
Lower bullion prices have made gold and dealers and collectors dabble in. in 2017.
silver coins more affordable, bringing some Silver tends to rise or fall faster than gold
buyers back to the marketplace. But the most The Greater Houston Coin Club held due to its narrower trading range, so a rela-
dramatic activity has taken place not in the its annual Money Show of the Southwest Dec. tively small increase in silver demand can
market’s more moderate end but in the sale of 1-3. The next show will be at a new time and generate high-percentage price gains. The
high-priced “power coins”—what some deal- location—in mid-January 2018 in Conroe, approximate total world investment holdings
ers refer to as “big-boy toys.” Texas. in silver are just $51 billion, versus $3 trillion
There has been a resurgence in demand for The December show was a great place to in investment gold. That’s a 60-to-1 ratio—so
coins priced at over $100,000. Shortly after pick up bargains, as many Texas dealers when a small portion of the money from
stocks, bonds and currencies turns to silver,
the election, one major Texas dealer sold all were trying to reduce their inventories in
that can push silver prices up sharply.
eight $50 gold pieces he had in stock. And a order to minimize potential end-of-the-year
Silver industrial fabrication has grown by
leading California dealer told me he has seen inventory tax.
well over 50 percent in the last half decade,
a surge of new interest in coins with six-figure This club does a wonderful job promot-
from barely 400 million ounces in 2009 to
price tags. ing numismatics for young and old alike.
over 650 million ounces in 2015. But the most
When I was a young collector, I dreamed Fourteen members, including two impres-
dynamic component of the silver price equa-
of someday owning a $4 Stella, an 1870-CC sive Young Numismatists, attended the ANA
tion remains investment demand.
double eagle, an 1804 silver dollar or a $50 Summer Seminar. The club also hosts a two- Junk-silver—1964 or before silver dimes,
Panama-Pacific gold coin. It seems that others hour numismatic seminar on the Boy Scouts quarters and half dollars—is currently bring-
with those same dreams, and with capital to coin collecting merit badge. Twenty adults ing offers of 10 to 12 times face value from
fulfill them, are acting on those desires now. helped 60 Scouts complete the program and dealers. Dealers are currently paying about
There’s a growing sense of optimism get their merit badges. $19 for Very Good and better Morgan dollars
among entrepreneurs and collectors I talk and $17 and up for similarly graded Peace
to that business and income will generally The 2017 Lions Club International com- dollars.
improve during Trump’s presidency. This memorative silver dollar was scheduled to
seems to be manifesting itself in a surge of go on sale early this year. A $10 surcharge on Mike Fuljenz, president of Universal Coin & Bul-
high-end numismatic sales that is atypical each coin will support Lions Club programs lion in Beaumont, Texas, is a leading coin expert
for December. for the visually impaired and the disabled and market analyst whose insightful writing and
and help young people in areas affected by consumer advocacy have earned major honors
The official Donald Trump presidential disasters. from the ANA, PNG, NLG and the Press Club of
inaugural medal was scheduled to be issued Commenting on the new coin, the U.S. Southeast Texas. His Website is www.universal
through the president-elect’s Inaugural Com- Mint’s principal deputy director, Rhett coin.com.
8 www.coinagemag.com COINage
Govmint.indd 79 11/18/16 9:11 PM
GOLD
IN 2016
AND BEYOND
Can the Precious Metal Maintain Its Bullish Status?
by Louis Golino
2
016 was the year gold bulls had been waiting for—the one when the metal finally outper-
formed again after a four-year bear market.
Even with the sharp correction that took place during the first week of October, gold was
one of the best-performing asset classes of 2016, having risen 18 percent for the year at that point.
At its high for the year following the U.K. vote to leave the European Union at the end of June,
gold was up 28 percent for the year.
US MINT
A 2016 American Gold Eagle contains one ounce of gold and has a face value of $50. These coins are the most popular government-
minted gold coins sold within the U.S. coin market. Sales of these coins were very strong for most of 2016.
10 www.coinagemag.com COINage
suppress financial and commodity markets,
including precious metals, for a brief period.
During the course of 2016, the case for
raising rates remained weak due to con-
cerns about global growth and increased
uncertainty about the political, economic
and geopolitical situation. But by the end
of the year, the case grew stronger as the
economy strengthened, which could mean
one or more small rate hikes beginning soon.
But the key point is that even with those
increase, rates will likely remain extremely
low for many years.
The 2016 American Buffalo Gold $50 coins, which contain one ounce of .9999 fine gold, are popular
for their iconic design, which is based on the Buffalo nickel. They were created largely because Interest Rates and Gold
pure gold coins have become the world standard in gold bullion coins.
Mainstream financial analysts frequently
In August, the World Gold Council report- an extended period coupled with trillions of suggest that rising interest rates would be
ed that spot gold prices had their best first half dollars of quantitative easing, or money sup- bad for gold. But that view overlooks that
of the year since 1980 and that investment ply increase, in the U.S., Europe, China and what matters is the real, rather than nominal,
demand for gold was up 15 percent compared Japan, which is pushing global debt levels interest rate after taking into account infla-
with 2015. But as one would expect, this level to new highs. The International Monetary tion, which, though still low, is now rising.
of performance could not be sustained all Fund recently said that global debt increased In addition, yields today on savings are
year, and eventually some profit-taking and to $152 trillion in 2015 from $112 trillion in incredibly low, and they actually are cur-
other factors came into play. 2007, a 36-percent increase. rently negative in eight European countries
When gold prices dropped about 6 percent For the last several years, financial and and Japan.
in early October from $1,330 to $1,250, ini- commodity market-watchers have been In a world of negative interest rates and low
tial reports suggested the move was caused obsessed with whether and when the Fed- yields, the old argument that gold does not
by the dollar’s strength against other curren- eral Reserve would finally begin normalizing pay a dividend holds no water, as there is no
cies and the latest talk about a possible hike short-term interest rates. After over seven opportunity cost to owning gold when cash
in short-term interest rates by the Federal years of keeping rates close to zero, when the does not produce income.
Reserve. first small rate hike finally came in Decem- Long-term precious metals watchers
But Jeffrey Nichols, managing director ber 2015, the world did not collapse, but remain bullish about precious metals, espe-
of American Precious Metals Advisors, concerns about subsequent hikes did help to cially gold, for the coming years. James
explained that the key factor was technical Nichols, for example, sees the possibility of
selling of gold on the futures market by gold surpassing its all-time high of $1,924 a
short-term speculators, which resulted in year from now and going even higher in the
margin calls and stop-loss orders. Nichols coming years.
remains bullish because “physical demand Many major banks that issue gold price
from retail investors and, most importantly, projections are more cautious but still much
hedge funds and other large-scale institu- more bullish than in the recent past.
tional investors has remained firm.” The key factors that support a bullish
Andrew Salzberg, who runs Modern Coin long-term perspective are primarily a supply
Mart (www.moderncoinmart.com), a lead- crunch, demographic trends, rising demand
ing numismatic and bullion seller, said that and central bank purchases, safe-haven
recent positive data about the U.S. economy, demand, financial, political, and geopolitical
a stronger dollar and more hawkish rhetoric uncertainty and the rising role of China in
about rate hikes combined to temporarily the gold trade and world finance.
create a risk environment in which safe-
haven assets such as gold typically decline Supply Crunch, Demographics
US MINT/ MODERN COIN MART
and stocks do well. A $50 Gold Maple Leaf contains one ounce of A supply crunch in gold has been build-
To understand the dynamics of the gold .9999 fine gold and is minted by the Royal Ca- ing for several years because the spot price
nadian Mint. Demand for gold coins and other
market and where spot gold might be head- types of physical gold products was very high has been too low to support much mine
in 2016. According to the World Gold Council,
ed, it is essential to understand the underly- production and many companies have had to
investment demand for gold during the first half
ing economic context of low interest rates for of 2016 was the second highest on record. Continued on page 14
February 2017 11
QUALITY COINS FROM JACK H. BEYMER
All five six-piece type coin sets are housed in custom Capital Plastics holders, and the coins grade good or better.
EARLY TYPE CENTS EARLY TYPE ODD DENOMINATION
Large Cent Flying Eagle Cent Indian Head Cent Lincoln Cent Lincoln Cent Half Cent Two Cent Piece 3¢ Nickel Silver 3¢ Piece Twenty Cent Piece
1793-1857 1856-1858 1864-1909 1909-1958 1959 to Date 1793-1857 1864-1857 1864-1889 1851-1873 1875-1878
SET FOR $67.50 SET FOR $295.00
EARLY TYPE NICKELS U.S. GOLD EARLY TYPE QUARTERS
EF-AU BU
$1.00 LIB 240. 315.
2.50 IND 315. 365.
3.00 1125. 2100.
5.00 LIB 395. 470.
Seated Half Dime Shield Nickel Liberty Nickel Buffalo Nickel Jefferson Nickel Bust Quarter Seated Quarter Barber Quarter Liberty Quarter Washington Qtr
1837-1873 1866-1883 1883-1912 1913-1938 1938 to Date 10.00 LIB 745. 820. 1815-1838 1838-1891 1892-1915 1916-1930 1932 to Date
SET FOR $58.00 20.00 LIB 1440. 1550. SET FOR $220.00
LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS
1909 VDB F15 27.50 ANACS VF35 (VF30) ...........46.50 1915D ICG MS67RB... ..................... 1850.00 MS62BN 84.50 MS63BN.. ..................112.50 AG3 G4 VG7 F12 VF20 EF40
MS64RD 100.00 PCGS MS65RD.......176.50 AU50, light obv porosity. ......................34.50 MS64BN 151.50 PCGS MS64RB. ....290.00 VF30 5.25 PCGS MS62BN....................87.50
MS65RB 87.50 MS65RD....................173.50 EF40, obv & rev marks... ......................22.50 MS63BN 102.50 PCGS MS64BN. ......153.50 1919S 3 rev radial die, one 1909 VDB 9.10 14.00 14.75 15.75 16.50 17.50
PCGS MS64RD. ..................................102.50 EF40, rev flan flaws... ............................22.50 MS60BN................ ................................78.50 obv die cracks EF40. .............................14.50 1909S VDB - - 791.50 805.00 920.00 -
NGC, PCGS MS65RB....... .....................90.00 Fr2 8.25 ICG G4..... ...............................16.75 AU50 50.00 AU55 58.50 AU58 ............64.50 1920 MS65RB 78.50 MS65RD.. ........286.50 1909 2.30 3.50 4.00 5.00 5.50 6.50
MS64RB 66.50 MS63RD......................70.00 1910S/S north RPM2 G4......................20.00 VF30 21.00 ICG AU50...........................52.50 MS63BN 22.50 MS64RB... ...................46.50 1909S 58.00 77.50 86.00 98.50 140.00 -
MS64BN 40.00 NGC MS64RB. ............68.50 1911 PCGS PR64RD..... .................. 1500.00 EF45, light obv marks.. .........................12.50 MS60BN 17.00 MS63RB.... ..................24.50 1910 .30 .45 .50 .60 2.00 5.25
NNC MS66RD (MS64RB).....................68.50 MS65RB 152.50 MS66BN..................162.50 Fr1 .50 Fr2 .75 F15..................................7.75 AU50 8.50 AU55 11.00 AU58...............12.75 1910S 11.00 14.75 21.00 22.50 34.50 62.50
MS62BN 27.00 MS63RB.. ....................36.50 MS65BN 81.50 ANACS MS65RB. .....155.00 1915S AU50 123.50 AU55... ..............149.50 VF30 2.50 EF45.... ...................................5.50
1911 .30 .45 .85 1.50 3.50 8.50
MS60BN 24.00 MS63BN... ...................30.00 ANACS, PCGS MS64RB... ....................97.50 F15 40.00 VF30 77.50 EF45. ..............110.00 1920D AU55 54.50 AU58.... .................61.50
AU58 21.50 MS60RB.... .......................28.50 MS64BN 48.50 ANACS MS64BN. .......51.50 VF30, rev mark........ ..............................31.50 VF30 16.50 EF45 31.50 AU50 .............43.50 1911D 3.50 5.50 7.25 10.00 26.50 -
Fr2 5.90 AU50 19.50 AU55...................20.50 MS63BN 31.00 MS63RB.. ....................42.50 Fr2 11.00 EF40, porous.. ......................24.50 AU58, reverse mark.. ............................31.50 1911S 27.50 36.50 50.00 58.50 67.50 88.50
1909 VDB doubled die obverse VF30 6.00 MS60BN........ ......................19.50 EF40, obv porous patch. .......................19.50 AU58, weakly struck... ..........................23.50 1912 1.25 1.95 2.20 2.50 6.75 -
FS1101 VF20.........................................85.00 MS60, light obv marks..........................10.00 1916 PCGS MS66RD............ .......... 1240.00 1920S NGC, PCGS MS65RB.. ......... 3220.00 1912D 4.85 7.50 10.00 - 35.00 -
1909S VDB NGC MS65RD.... .......... 6200.00 1911D AU50 78.50 NGC MS65RB. ....600.00 MS65RD 465.00 NGC MS66RD...... 1240.00 AU58 82.50 NGC MS64RB... ........... 1055.00 1912S 14.75 19.50 23.00 28.50 48.00 83.50
ICG MS66RB nearly full red ............ 5725.00 PCGS MS63BN 128.50 MS64RB. ......373.50 F15 1.90 EF45 12.25 AU50...................15.00 AU55 68.50 ANACS MS63RB.............261.50
1913 .55 .85 1.30 2.00 8.25 23.50
PCGS, ANACS MS64RB... ............... 2525.00 ANACS MS64BN...... ...........................198.50 1916D NGC MS65RB..........................570.00 AU50 46.50 PCGS AU58.......................85.00
PCGS MS63BN....... ......................... 1857.50 VG10 9.00 VF30.... ................................45.00 MS64BN 231.50 PCGS MS64RB. ......395.00 F15 3.25 VF30 16.50 EF45....................28.50 1913D 1.95 3.00 4.75 7.50 23.50 61.00
AU50 1416.50 PCGS AU53. ............ 1491.50 AU50, obv flan flaws... ..........................26.50 AU58RD 98.50 MS64RB... .................392.50 AU58, weak reverse.. ............................16.00 1913S 8.75 11.50 16.75 21.00 34.50 66.00
EF45 1280.00 PCGS AU50.. ............ 1420.00 Fr2 2.25 VF20, porous.. ..........................7.25 MS60BN 98.50 NGC MS63BN.. .........173.50 1921 MS64RD 178.50 MS65RB.. ......184.50 1914 .35 .50 1.25 2.25 8.50 -
NGC VF30 1057.50 NGC EF45. ....... 1282.50 1911S MS64RB 558.50 MS65RB.. ..800.00 AU58 72.50 MS63BN...... ...................171.50 MS65BN 118.50 MS64RB..................132.50 1914D 105/00 161.50 191.50 237.50 454.50 960.00
PCGS EF45......... .............................. 1282.50 MS63RB 315.00 ANACS MS63BN ...261.50 F15 5.50 EF45 32.50 AU50...................46.50 MS63BN 68.50 ANACS MS63RB. ........91.50 1914S 16.25 21.50 25.00 29.50 52.50 108.50
Was PCGS genuine, reverse ANACS AU55(AU50).... .......................123.50 AU58, weak wheat-ears... .....................22.50 MS60RB 64.50 MS63RB... ...................89.50
1915 1.10 1.70 3.75 8.00 26.00 76.50
spot, net EF45...... ............................ 1280.00 EF45 101.50 AU50.... ..........................121.50 1916S AU58 89.50 NGC MS65RB. . 1950.00 AU58 36.50 MS60BN.... .......................47.50
NGC F15 852.50 PCGS VF25..............990.00 AU50, small obv flan flaw. ....................88.50 MS64RB 690.00 PCGS MS65RB. ... 1950.00 VF30 9.00 EF45 18.00 AU50. ...............25.00 1915D 1.15 1.75 3.15 4.75 12.50 30.00
ANACS AU details, corroded VF30, obv mark 58.50 VF30. ................78.00 NGC MS64RB CAC....... ......................692.50 F15 2.40 AU55, light marks ...................9.00 1915S 14.75 19.50 24.50 31.50 52.50 102.50
cleaned, net EF40, decent MS60BN corroded 58.50 F15. .............62.00 PCGS MS63BN 173.50 MS65BN. ......638.50 1921S AU58 96.00 NGC MS65RB. . 2765.00 1916 .25 .35 .50 .70 3.75 10.50
looking (VF20).....................................922.50 VG10 55.00 EF40, porous.....................58.50 AU55 77.50 MS63BN.... .....................171.50 AU55 87.50 PCGS MS65RB. ........... 2765.00 1916D .80 1.25 2.10 3.35 9.00 -
NGC EF cleaned net VF20.. .................922.50 AU50 obv corrosion..... .........................50.00 VF30 24.50 EF45 44.50 AU50 .............59.50 AU50 74.50 PCGS MS64RB. ..............830.00 1916S 1.15 1.75 3.50 5.00 14.00 35.00
NGC, PCGS F12...................................807.50 EF40, porous, obv mark........................36.50 NGC VF30..............................................26.50 EF45 56.50 NGC MS64RB. .................830.00 1917 .20 .30 .35 .45 2.00 6.00
NCS EF details, obv damage Fr2... ......................................................21.00 NGC VF25 (VF30/F12).......................... 21.50 ANACS EF40 (VF30)..............................31.50
obv scrape, not bad 1912 F15 4.25 PCGS MS65RD.. ........700.00 AU50, small obv pits.. ...........................14.00 Fr1 .45 Fr2 .70 VF30.... .........................30.00 1917D 70 1.05 1.90 3.15 16.50 47.50
looking, net F12...................................807.50 1912D VG10 11.00 F15...... ..................21.00 VF20, obv corrosion................................1.75 1922 No D, die pair 2, 1917S .35 .50 .80 1.25 5.25 14.50
PCGS Genuine AU50 detail, Fr2............. ..............................................3.15 Fr2................ ..............................................75 strong rev PCGS EF45. .................... 2825.00 1918 .20 .30 .35 .45 2.00 5.25
corrosion, net F12.. .............................807.50 1912S AU55.......... ..............................142.50 AU50 details, heavily PCGS F15 912.50 PCGS VF35......... 1865.00 1918D .70 1.05 1.65 2.50 7.75 20.00
ANACS VF20, scratched, F15 36.50 VF30 66.00 AU50. .............120.00 corroded.............. .......................................75 NGC, PCGS VF30..... ........................ 1627.50 1918S .25 .35 .85 1.50 5.00 13.50
very light..............................................807.50 1912S/S North-East RPM1 1917 VF30 4.00 MS65RB.... ...............175.00 VF25 (was NGC VF25).. ................... 1173.50 1919 .20 .30 .35 .45 1.15 2.75
PCGS VF20 (F12)..... ...........................807.50 AU50 165.00 MS60BN.... ...................215.00 F15 1.10 MS64RB.................................79.50 F15 910.00 PCGS VF20. .................. 1152.50
ICG VG10 details, damaged, EF40 101.00 EF45.... ...........................112.50 1917D AU58 68.00 NGC MS65RB. ....718.50 NGC G6..... ..........................................612.50 1919D .45 .70 1.05 1.50 5.75 16.00
light marks....... ...................................787.50 F12 32.50 VF20 57.50 VF30. ................79.50 EF45 54.00 PCGS MS64RB CAC .......423.50 1922D AU58 93.50 NGC MS65RB. ....615.00 1919S .20 .30 .80 1.50 3.25 7.25
ANACS EF40 details, 1913 MS63RB 70.00 NGC PR65RD 1960.00 VF30 32.00 PCGS MS64RB................418.50 AU50 75.00 MS64BN... ......................215.00 1920 .15 .20 .35 .50 1.50 3.50
corroded....... .......................................787.50 MS64RB........... ...................................116.50 MS63BN 128.50 MS63RB..................175.00 F15 27.00 VF30 39.50 EF45. ................58.50 1920D .65 1.00 1.90 3.25 9.50 23.50
1909 MS64BN.......................................25.00 F15 4.25 VF30 15.75 AU50...................31.50 F15 8.50 AU50, weak rev. .....................32.00 VG10 23.50 EF40/F15.. .........................31.50 1920S .30 .45 .85 1.50 6.00 16.00
ANACS MS62BN.............. .....................20.00 1913D EF45 66.50 PCGS MS65RD 2250.00 AU50, dark, porous..... ............................3.15 Fr2 9.50 AU55, weak rev.......................47.50 1921 .35 .50 .65 .85 4.75 13.50
AU58 13.50 MS63BN...... .....................19.50 VF30 43.50 PCGS MS64BN................219.50 1917S AU58 58.50 PCGS MS65RB 2100.00 VF30 obv, AG3 rev.................................23.00
AU50 11.50 MS60BN..... ......................15.00 F15 11.50 MS60, porous.. ....................61.00 MS62BN 108.50 MS65RB............... 2097.50 F15, “DB” scratched on obv ................22.50 1921S 1.05 1.60 2.50 3.80 16.00 45.00
Fr1 1.10 Fr2 1.70 VF30. ..........................6.00 Fr1 .85 Fr2....... ........................................1.25 PCGS MS64RB......... ..........................495.00 VF20, edge crimped from 1922 NO D - - - - 1150. 2100.
1909S NGC MS65RD....................... 1580.00 1913S AU58 168.50 NGC MS65RB 1165.00 PCGS AU58 60.00 MS63BN... ............133.50 lucky charm...........................................14.75 1922D 14.75 22.50 23.00 24.00 31.50 47.50
MS63RB 420.00 PCGS MS64RB. ......590.00 VF30 50.00 EF45...................................88.50 AU55 48.50 MS60BN..... ......................84.50 D removed F12......................................14.75 1923 .20 .30 .40 .55 2.50 -
MS63BN 402.50 NGC MS65BN. ........535.00 AU50, a few obv flan flaws ..................34.50 VF30 10.00 EF45 22.50 AU50 ..............33.50 1922D EF45, 2 radial die 1923S 4.40 6.75 8.00 9.50 23.50 56.00
MS60BN 385.00 PCGS MS63RB. ......422.50 Fr2 5.75 NGC G6 17.50 F15..................26.50 VF20, rev nearly bisected cracks on reverse.. ................................75.00 1924 .15 .20 .30 .45 2.25 -
AU50 263.50 PCGS MS63BN.............405.00 EF45, light marks... ...............................21.00 by die cracks from K4-K8.. .....................9.75 EF40, porous........ .................................25.00
1924D 21.75 33.50 38.00 45.00 69.50 127.50
VF30 157.50 NGC MS62BN................395.00 1914 AU55 46.50 PCGS PR65RD. . 2885.00 1918 MS63BN 21.00 MS63RB.............28.00 1922D 1 radial die crack on
F15 115.00 PCGS MS62BN. ...............395.00 MS64RB 195.00 NGC MS65RB.. .......281.50 AU50 9.50 AU55..... ..............................11.00 rev early die state of the 1924S .80 1.25 2.00 3.00 14.50 41.50
VG10 93.50 ANACS AU50.. ................265.00 AU50 42.00 MS64BN.... .....................106.50 F15 1.00 VF30 3.85 EF45........................7.50 above coin G4 22.50 F12. .....................24.00 1925 .15 .20 .30 .40 1.25 3.25
MS63RB, sm obv scratches. ..............262.50 VF30 16.00 MS63BN..... .......................75.00 AU58, whizzed looks RB UNC ................5.75 1923 PCGS MS66RD....................... 1450.00 1925D .55 .85 1.90 3.50 8.25 19.50
NGC F15 117.50 PCGS EF45. .............212.50 AU50/VG8........ .......................................8.50 1918D PCGS MS65RB... ................. 1085.00 MS64RB 48.50 MS64RD......................74.50 1925S .45 .65 1.10 1.75 5.50 14.50
PCGS VF25..........................................150.00 1914D NGC MS64RB....................... 6890.00 MS64RB 545.00 NGC MS65RB.. ... 1085.00 MS64BN 28.00 MS63RD......................51.00 1926 .15 .20 .30 .40 1.00 2.50
PCGS VF30 (VF20)..............................142.50 MS64RB.... ....................................... 6885.00 VG10 2.25 F15 4.50 VF30.....................14.00 MS62RD 37.50 MS63RB......................25.00
1926D .90 1.40 2.35 3.75 8.50 19.25
F15, obv mark......... ..............................86.00 NGC VF30 710.00 PCGS EF40............962.50 1918S NGC MS65RB, only 2 AU58 13.50 MS60RB.... .......................19.50
1909S/S NE RPM#1 VF30.. ................400.00 VF30 707.50 PCGS VF30.. ..................710.00 graded higher.. ................................. 2500.00 MS60BN............... .................................15.50 1926S 6.50 10.00 11.25 13.00 22.50 43.50
1909S/horizontal S RPM#2 PCGS EF45 (VF30).... ..........................710.00 NGC MS64BN...... ...............................450.00 1923S ANACS MS62BN.. ...................261.50 1927 .15 .20 .30 .40 1.00 2.50
ANACS MS63BN.... .............................575.00 PCGS VF35 (VF25)..............................582.50 AU58 57.50 MS62BN.... .....................119.50 AU55 142.50 PCGS AU58.. ................165.00 1927D .75 1.15 1.70 2.25 4.50 9.25
EF40, early die state.. ..........................400.00 PCGS VG10 221.50 F15......................325.00 AU55 49.50 MS60BN.... .......................77.50 AU50 114.50 PCGS AU55... ...............145.00 1927S .90 1.40 1.75 2.50 7.25 18.50
Early die state VF20.............................250.00 VG10 219.50 ANACS VG10.. ..............221.50 MS60BN, very worn obv die.................52.50 F15 15.00 VF30 33.75 EF45. ................79.50 1928 .15 .20 .30 .40 1.00 2.50
VG8 170.00 F12 180.00 F15...............200.00 VF20, obv marks....... ..........................161.50 VF30 9.25 EF45 23.50 AU50. ..............37.50 Fr2 2.85 DGS EF45 (F12)......................11.50
1928D - .85 1.30 2.00 4.00 8.00
1910 ANACS PR64RB.... ....................675.00 1914S PCGS MS63RB........................723.50 MS60BN, multiple die chips 1924 MS63RB 46.50 MS65RB...........106.50
MS65RB 57.50 MS65RD....................294.50 AU58 260.00 NGC MS62RB.. .............611.50 on coat.................................................116.50 AU58RB 18.50 MS64RB.......................60.00 1928S .60 .90 1.75 3.00 5.50 11.25
ANACS MS63RB 35.00 MS65BN. ........36.50 AU50 172.50 MS62BN..... ..................442.50 1919 MS62BN 13.50 MS63BN.............18.50 MS60BN 20.00 MS63BN..... .................33.00 1929 .15 .20 .25 .30 1.15 3.25
ANACS MS64BN 31.50 MS63RB. ........32.50 VF30 80.00 EF45.................................134.50 AU55 6.50 AU58 7.00 MS60BN ............8.50 MS60RB............... .................................30.00 1929D - .45 .75 1.25 3.00 7.25
ANACS MS63BN 27.50 MS64BN. ........29.50 AU50, porous patches... .......................58.50 EF45 3.75 AU50.... ..................................5.50 MS64RB, black spot on date ................ 6.50 1929S .25 .40 1.05 2.00 4.00 8.00
MS60RB 25.00 MS63BN.... ..................26.00 F15 38.50 AU50 lt porosity ...................38.50 EF40, dark .50 VF30.. ..............................1.95 VF30.......... ............................................. 4.25 1930 .15 .20 .25 .30 .75 -
AU58 15.00 ANACS MS62BN...............24.50 EF45, rev mark........ ..............................29.50 1919D EF45 25.00 PCGS MS63RD....408.50 1924D NGC MS65RB....................... 2750.00 1930D .15 .20 .25 .35 1.00 2.50
AU55 13.50 MS62BN.... .......................22.50 VF30, obv scratch, rev PCGS, ANACS MS64RB.. ...................388.50 PCGS MS64RB......... ....................... 1455.00
VF30 3.65 EF45 7.50 AU50...................10.75 struck through.......................................28.50 F15 3.25 F15+ 3.75 VF30......................11.00 VF30 98.50 PCI MS62RB. ..................550.00 1930S .15 .20 .25 .35 .75 1.75
1910S AU58 97.50 NGC MS65RD. ....930.00 VF20, rev marks..... ...............................21.50 AU50, light porosity.. ..............................5.75 F15 55.00 NGC AU53..........................203.50 1931 - .60 .75 .90 2.00 4.75
MS60BN 112.50 NGC MS65RB. ........415.00 VF30, obv & rev porosity, 1919S NGC, PCGS MS65RB.... ....... 1633.50 EF40, obv porous patch.. ......................55.00 1931D - - - 7.50 10.00 16.00
PCGS, NGC MS64RB... .......................305.00 small rim clip.........................................21.50 AU58 39.50 NGC MS65BN... ..............495.50 1924D Rev die abraded by 1931S - - 85.00 90.00 97.50 105.00
PCGS, NGC MS64BN.... ......................183.50 1915 PCGS MS66RD....................... 3310.00 AU50 22.50 PCGS,NGC MS64RB .....495.00 mint feeder fingers 1932 - 1.75 2.25 3.00 4.75 8.50
AU55 91.50 MS63RB.... .....................161.50 VF30 51.50 NGC MS65RD.. ............ 1240.00 ANACS MS63RB 170.00 MS64RB ....492.50 G4 49.50 VG7 53.50 VF20.. ..................90.00 1932D - 1.60 1.95 2.50 3.25 5.00
NGC, ANACS MS63BN........................138.50 F15 15.25 PCGS MS64BN.. ................142.50 MS64RB obv, MS64BN rev.................395.00 1924S AU58 97.50 PCGS MS65RB 4780.00
AU50 82.50 ANACS MS60BN.............115.00 Fr2 .70 EF40/VG10 (F15).. ....................15.25 ANACS, NGC MS64BN........................247.50 MS64BN 865.00 NGC MS64RB.. .... 1737.50 1933 1.10 1.70 2.00 2.50 4.00 8.00
VF30 44.50 PCGS AU58.... .................100.00 VF20, obv mark........ ...............................1.70 MS64BN..... .........................................245.00 AU50 75.00 PCGS MS64RB.. .......... 1737.50 1933D - 3.85 4.70 6.00 9.25 16.75
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JACK H. BEYMER – OUR 49th YEAR ®
NEAT 90% UNCIRCULATED MERCURY DIME & WALKING LIBERTY HALF COOL 1935-P PEACE SILVER
MIXED DATE ROLLS DOLLARS
PROOF SET DUO
Flashy luster and nice strike. Brilliant coins
Mixed date rolls of Uncirculated (MS-60+ to MS-63) P-mint brilliant commoner
in every grade. Beautiful!
Receive one each 1999 and date coins in the 1940’s. Our choice of dates, please ALTHOUGH some solid date CHOICE BU MS-63 $68.00
2001 90% silver Proof sets. rolls available - just ask! CHOICE BU+MS-64 $128.00
In original case of issue GEM BU MS-65 $378.00
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WALKING LIBERTY HALF SPECIAL Early set 1934-1940 P D S housed in a custom Dansco album Upper-end quality of this most beautiful
Pleasing high-end lustrous CH BU+ MS-64 coins.
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from 1916. 20-coin set grading a minimum of MS-63 design coin of the early 1800’s. No better
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varieties included - just pleasing, no-
5 coins for $275.00 $411.00 problem original coins. Specially priced.
Pick from the following dates: 1941-1945 P D S short set housed
1935-P 1936-P 1937-P 1941-D 1943-D 1943-S
1944-D 1945-D 1945-S 1946-D 1947-D in a custom Capital Plastic holder. EF Capped Bust Half
3 coins for $123.00 All coins brilliant, some with FB. $119.00
Pick from the following dates: $136.00
1939-P 1940-P 1941-P 1942-P 1943-P 1944-P Purchase both sets together in the AU Capped Bust Half
1945-P 1946-P 1947-P Dansco album and deduct $10.00!
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Our choice of dates, please. and surface qualities for the date. Brilliant coins housed dates - you pick the grade ranges.
in a complete set Dansco album so you can add the rest
CHOICE BU MS-63 Proof-like $65.00 of the series! GRADE PRICE
AG, GOOD or
WALKING LIBERTY HALF STARTER SET:
OR 3 different dates for $180.00
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better with
1934 1935 1936 1937 1938 1939 1940 light problems $420.00
CHOICE BU+MS-64 Proof-like $85.00 VG-VF $520.00
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AU $640.00
Continued from page 11 which total 2,000 tons, are at their high- to boost growth and continues to rely on
close mines. In addition, the other sources of est level in three years. Perhaps even more unusual economic tools such as low interest
supply—gold recovered from old jewelry that importantly, central banks around the rates.
is refined and the resale of bullion coins and world have continued to increase their gold Then there are the numerous geopolitical
bars—also suggest both a continuing supply reserves, and gold is being upgraded to a crises from the war in Syria to ISIS and other
crunch and a substantial shift in ownership as Tier 1 banking asset from a Tier 3 asset. terror threats, political risks from rising
investors in the West sell to buyers in the East. Tier 1 assets are core measures of a bank’s nationalist and authoritarian trends around
Western investors and institutional specu- financial strength. the world and even GOP presidential candi-
lators (hedge funds, bullion banks, etc.) have Salzberg of Modern Coin Mart said his date Donald Trump. Some analysts argued
less long-term commitment to gold, and they company experienced softer demand for that Trump’s political ascendancy was one
have been selling to buyers mainly in China precious metal products for most of 2016 of several factors that rattled global financial
and India. And those buyers, as well as some due to rising spot prices. Unlike a couple of markets in 2016 because his protectionist
central banks and wealthy individuals who years ago when higher prices led to what he trade policies would be very detrimental to
own large amounts, are unlikely to sell unless called “emotional buying,” he said, investors world trade and could cause a global reces-
prices reach levels far above the 2011 high. were becoming more sophisticated about sion or worse.
Demographic trends, including the rise of when to buy and sell and how to take advan- A final factor contributing to increased
the middle class in countries such as China, tage of changing spot values. global uncertainty is the possibility of
India and Mexico, among others, also sup- When prices reached their peak for the another major financial crisis likely brought
port long-term demand as individuals in year after the Brexit vote, for example, his on by major failures of the largest banks.
those countries seek to preserve their wealth. company saw a big increase in offers to sell. Because central banks already carry tril-
And after the correction in spot prices in lions on their balance sheets, if a new crisis
MODERN COIN MART/WIKIMEDIA COMMONS
Strong Demand early October, there was a substantial pickup hit, it is not clear what could be done, since
The World Gold Council noted that in retail demand. governments have already used almost all
demand in 2016 hit its second-highest level their available tools. And printing more
ever, which is reflected in very strong sales of Rising Uncertainty money would likely destroy the credibility
physical bullion by world mints and dealers, Financial and geopolitical uncertainty was of currencies.
though sales levels became softer during the on the rise in 2016. Almost a decade after the In the view of gold bulls such as James
summer. start of the great economic crisis that began Rickards, before long there will be a massive
And gold exchange trade fund reserves, in 2007, most of the world is still struggling collapse of the world financial system. And
14 www.coinagemag.com COINage
Privately minted Trump dollars made of gold, silver and copper were produced by Bernard Von NotHaus, best known as the monetary architect and
creator of Liberty dollars, and were seized by the FBI in 2009. Trump himself has long been a proponent of gold.
afterward, it is the countries that have the collectively set the price of gold each day. article should enable gold prices to remain
most gold that will determine the rules of the In October the IMF added the Yuan to the relatively stable—somewhere in the $1,200
post-crisis financial system, a system in which SDR, or Special Drawing Rights, which is an to $1,400 range.
he believes gold will play an essential role. international monetary asset created by the However, former Fed Chairman Alan
Rickards is the author of vest-selling books IMF that supplements the official financial Greenspan said just before the presidential
such as his newest, The New Case for Gold, reserves of member countries in the event election that he believed inflation would
and an adviser to the defense and intelligence of a liquidity crisis such as the one in 2008. become a serious issue by the start of 2018
agencies on threats to the financial system, Experts believe that as the focal point for due to the rapid growth of the money sup-
This points to another bullish factor: ris- the gold market continues to shift from the ply. That would, of course, be very bullish
ing safe-haven demand, which is related West to the East, China will also continue to for gold.
to rising uncertainty and even the leaked take steps to reduce the West’s dominance of Over the longer-term horizon, the rising
Panama Papers, which revealed how many the global financial system. Its massive accu- debt of the U.S. and other countries, chal-
of the world’s wealthiest and most connected mulation of gold is designed to strengthen lenges to the dollar from China and the
people try to hide their assets. Gold provides its currency and possibly pave the way for a huge Fed balance sheet as a result of years
a level of anonymity that private bankers gold-backed Yuan to replace the dollar as the of money printing seem likely to eventually
such as those in Switzerland and elsewhere world’s reserve currency. push gold much higher than current levels.
no longer do. And that is why so many precious metals
Outlook experts are long-term bulls.
China’s Role Compared with the last couple of years,
In addition, China now plays a major role sentiment about gold definitely became a UPDATE
in the world economy and in the gold mar- lot more positive in 2016. Unlike in the This article was written before the Nov.
ket. It is now the world’s largest producer and past when it was mainly those precious 8 presidential election. Experts had pre-
consumer of gold and has one of the largest metal analysts who are almost always bull- dicted gold would surge in the event of a
gold reserves in the world. The country pro- ish remained that way, in 2016 there was a Trump victory, as discussed in the article,
duced 516 tons of gold in 2015, which was an discernible shift in which more mainstream but in fact gold prices did the opposite and
increase of 0.6 percent over the previous year financial analysts, who tend to be more bull- have been going down since that time.
and more than any other country produced. ish about stocks than metals, became bullish The reasons for this development are op-
Demand for gold bars and jewelry in China about gold, too. timism that the Trump administration will
was up 3.7 percent for the year, totaling 986 For example, earlier in 2016 Goldman pursue pro-growth economic policies and
tons, also the world’s highest. Figures on its Sachs analysts were less bullish than many a surge in the dollar’s value.
gold reserves are not released, but China others—but by the fall, they had a more posi- The factors and trends discussed in this
is unofficially believed to have the world’s tive view and saw the October correction as article still point towards a long-term bull-
second-largest reserves after the U.S., totally “a strategic buying opportunity,” especially ish outlook, but as far as the next four to
some 2,500 tons. given the downside risks to global growth eight years, gold values will also be shaped
China also recently launched its own gold and the limited ability of central banks to use by the economic policies that the Trump
exchange in Shanghai, and the Bank of China monetary policy to respond to such shocks. administration and Congress enact, and
TRUMPDOLLAR.US
joined the London Bullion Market Associa- Analysts say that as long as the economy how those policies end up impacting eco-
tion, a trade association of the world’s lead- does not overheat in 2017, historically low nomic growth and the federal deficit and
ing banks involved in the gold trade, which interest rates and the factors discussed in this debt.
February 2017 15
NORWOOD COIN
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QUALITY COINS
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501 Columbia Turnpike • Rensselaer, NY 12144 SEND FOR OUR FREE CATALOGUE
CHOICE PROOF SETS Special Prices On 1st Year
Government Issue Superior Quality
1950............. 499.00 1984-S.............. 5.50
TYPE COINS AND STARTER SETS
1951............. 489.00 1985-S.............. 5.00
1952............. 239.00 1986-S.............. 7.00 1909 LINC 1¢ CH BU R/B ....................................................16.95 7 DIFF PRE 1965 SILVER* ROOSEVELT 10¢ GEMPF7 DIFF PRE 1965
1953............. 179.00 1987-S.............. 5.00 1909-VDB LINC 1¢ CH BU R/B .............................................19.95
1954............... 95.00 1988-S.............. 6.00 SILVER* ...............................................................................19.00
1955 FP ........ 125.00 1989-S.............. 5.00 1883 NC LIBERTY 5¢ CH BU ................................................25.95
1956............... 61.00 1990-S.............. 6.50 4 DIFF PRE 1965 SILVER* WASHINGTON 25¢ PRF ................29.00
1957............... 24.00 1991-S ............ 5.00 1913 T1 BUFFALO 5¢ CH BU................................................29.00
1958............... 32.00 1992-S.............. 5.50 1913 T2 BUFFALO 5¢ CH BU................................................34.95 10 DIFFCLAD PRF*WASH 25¢ PRE 1999 ..............................14.00
1959............... 28.00 1993-S.............. 6.00
1960............... 30.00 1994-S.............. 6.00 1938 JEFFERSON 5¢ CH BU ................................................12.00 5 Diff WALK LIB 50¢* CH AU ................................................95.00
1960 SD ......... 32.00 1995-S............ 11.00
1961............... 27.00 1996-S.............. 8.50 1916 MERCURY 10¢ CH BU FSB ..........................................49.00 10 DIFF FRANKLIN 50¢* CH BU ..........................................189.00
1962............... 25.00 1997-S.............. 9.00 1917 T1 STAND LIB 25¢ CH BU FH ....................................249.00
1963............... 25.00 1998-S............ 11.00 20 DIFF BU* FRANKLIN 50¢ ...............................................429.00
1964............... 29.00 1999-S............ 10.00 1932 WASHINGTON 25¢ CH BU ...........................................29.00
1968-S.............. 8.00 2000-S.............. 7.00 3 DIFF FRANKLIN 50¢* GEM PROOF .....................................39.00
1969-S.............. 7.00 2001-S............ 12.00 1964 KENNEDY 50¢ GEM PROOF ........................................21.00
1970-S............ 12.00 2002-S.............. 9.00 1971-S TO 1974-S SIL IKE $ALL 4 CHBU ..............................42.50 10 DIFF KENNEDY 50¢* GEM CLAD PROOF ..........................24.95
1971-S.............. 5.00 2003-S.............. 8.00
1972-S.............. 5.00 2004-S............ 12.00 5 DIFF MERCURY 10¢* CH BU ..............................................35.00 *DATES OF OUR CHOICE
1973-S.............. 9.50 2005-S.............. 7.00
1974-S............ 12.00 2006-S............ 10.00
1975-S............ 12.00
1976-S.............. 9.00
2007-S............ 16.00
2008-S............ 41.00 MORGAN & PEACE SILVER DOLLARS
1976-S 3pc ..... 26.00 2009-S............ 24.00
1977-S.............. 8.00
1978-S.............. 8.00
2010-S............ 35.00
2011-S............ 35.00
Very Select Brilliant Uncirculated
1979-S.............. 8.00 2012-S.......... 129.00
1979-S T2 ....... 55.00 2013-S............ 33.00 Hand Selected for Full Luster
1980-S.............. 6.00 2014-s ............ 35.00
1981-S.............. 6.00
1982-S.............. 5.50
2015-S............ 37.00
2016-S............ 35.00 Premium Quality! MS61+
1983-S.............. 5.50
Morgan Dollars Morgan Dollars Morgan Dollars Morgan Dollars Peace Dollars
1878 7F ............... 85.00 1882-S................. 57.00 1889.................... 49.00 1901-O ................ 52.00 1924.................... 39.00
CHOICE MINT SETS 1878 8F ............. 169.00
1878 7/8 ........... 180.00
1883.................... 52.00
1883-O ................ 52.00
1889-S............... 265.00
1890.................... 49.00
1901-S............... 519.00
1902.................... 69.00
1924 S............... 239.00
1925.................... 42.00
Government Issue 1878-S................. 69.00 1883-CC ............ 209.00 1890-O ................ 79.00 1902-O .............. 395.00 1925 S................. 99.00
1962..................42.00 1990....................4.50 1878-CC ............ 395.00 1884.................... 52.00 1890-S................. 65.00 1902-S............... 379.00 1926.................... 55.00
1963..................35.00 1991....................5.50 1879.................... 59.00 1884-O ................ 49.00 1891.................... 72.00 1903.................... 65.00
1964..................32.00 1992....................5.00 1926 D ................ 89.00
1879-O ................ 99.00 1884-CC ............ 209.00 1891-S................. 79.00 1903-O .............. 419.00
1965 SMS ..........11.00 1993....................6.00 1926 S................. 59.00
1879-S................. 52.00 1885.................... 49.00 1896.................... 49.00 1904.................. 109.00
1966 SMS ..........11.00 1994....................5.00
1904-O ................ 59.00 1927.................... 85.00
1967 SMS ..........11.00 1995....................5.00 1880.................... 52.00 1885-O ................ 49.00 1897.................... 49.00
1921.................... 45.00 1927 D .............. 209.00
1968....................8.00 1996..................19.00 1880-O ................ 89.00 1885-S............... 279.00 1897-S................. 85.00
1921-D ................ 49.00 1927 S............... 209.00
1969....................8.00 1997....................5.00 1880-S................. 52.00 1885-CC ............ 750.00 1898.................... 49.00
1970..................19.00 1998....................5.00 1880-CC ............ 560.00 1886.................... 49.00 1898-O ................ 52.00 1921-S................. 49.00 1928.................. 499.00
1971....................5.00 1999....................9.00 1881.................... 52.00 1886-S............... 359.00 1898-S............... 259.00 Peace Dollars 1928 S............... 175.00
1972....................4.00 2000....................9.00 1881-O ................ 55.00 1887.................... 49.00 1899.................. 250.00 1934.................. 119.00
1922.................... 37.00
1973..................13.00 2001....................9.00 1934 D .............. 155.00
1974....................7.00 2002....................9.00 1881-S................. 49.00 1887-O ................ 75.00 1899-O ................ 52.00 1922 D ................ 52.00
1881-CC ............ 519.00 1887-S............... 139.00 1899-S............... 410.00 1922 S................. 49.00 1935.................... 85.00
1975....................9.00 2003..................11.00
1976....................9.00 2004..................10.00 1882.................... 52.00 1888.................... 55.00 1900.................... 49.00 1923.................... 37.00 1935 S............... 279.00
1976 3pc ...........18.00 2005....................9.00 1882-CC ............ 229.00 1888-O ................ 59.00 1900-O ................ 55.00 1923 D ................ 75.00
1977....................8.00 2006..................10.00 1882-O ................ 55.00 1888-S............... 319.00 1900-S............... 299.00 1923 S................. 49.00
1978....................8.00 2007..................20.00
1979....................7.00 2008..................39.00
1980....................7.00
1981..................11.00
2009..................25.00
2010..................24.00
COMMON DATE COMPLETE SETS
1984....................5.00
1985....................5.00
2011..................24.00
2012..................69.00 ROLLS (BU Sets in Deluxe Album)
G/VG or Better CH BU
1986....................8.50 2013..................30.00
1987....................5.00 2014..................30.00 Full G & Better Lincoln Cents (1941-1958) R / B.............................................................. 7.95.................................. 69.95
1988....................5.00 2015..................33.00 Indian Cents (50 pcs.) ........................................ 75.00
1989....................4.00 2016..................29.50 Liberty Nickels (40 pcs.) ..................................... 49.00 Jefferson Nickels (1938-1961) ............................................................... 49.00................................ 339.00
Buffalo Nickels (40 pcs.) Full Date ....................... 25.00 Roosevelt Dimes (1946-1964).............................................................. 109.00................................ 219.00
Barber Dimes (50 pcs.) .................................... 159.00
SILVER PROOF SETS Mercury Dimes (50 pcs.) .................................... 89.00
Walking Lib. Halves (20 pcs.)* ......................... 169.00
Washington Quarters (1941-1964)....................................................... 469.00................................ 659.00
Walking Liberty Halves (1941-1947) .................................................... 249.00................................ 789.00
1992-S...............18.00 2005-S...............32.00 Kennedy Halves (1964) (20 pcs.) BU ............... 169.00
1993-S...............27.00 Morgan Dollars VG & Better ............................... 659.00 Franklin Halves (1948-1963) ................................................................ 359.00................................ 729.00
2006-S...............32.00
1994-S...............25.00 2007-S...............38.00 Mixed Dates of Our Choice Peace Dollars (1921-35) F & Better ..................................................... 899.00....................................... —
1995-S...............52.00 2008-S...............38.00 SEND OR CALL US 518-477-2193
1996-S...............28.00 Eisenr. Dollars (Incl. Prfs.) 32 Coins ........................................................... —................................ 189.00
2009-S...............45.00 FOR FREE MONTHLY
1997-S...............33.00 2010-S...............47.00 PRICE LIST S.B.A. Dollars (Incl. Prfs.) 18 Coins ............................................................ —................................ 269.00
1998-S...............24.00
1999-S...............85.00 2011-S...............65.00
2012-S.............210.00
2000-S...............33.00
2001-S...............42.00 2013-s ...............65.00 SEND OR CALL US AT 518-477-2193 FOR FREE MONTHNLY PRICE LIST
2002-S...............32.00 2014-s ...............65.00
2003-S...............33.00
2004-S...............32.00
2015-S...............59.00
2016 -s..............58.00 SILVER EAGLES
CH BU GEM PROOF CH BU GEM PROOF CH BU GEM PROOF
PRESTIGE SETS 1986..................... 40.00 ................. 55.00
1987..................... 22.00 ................. 55.00
1996..................... 65.00 ................. 59.00
1997..................... 28.00 ................. 65.00
2006..................... 24.00 ................. 63.00
2007..................... 24.00 ................. 55.00
1988..................... 26.00 ................. 55.00 1998..................... 26.00 ................. 55.00 2008..................... 24.00 ................. 55.00
1983-S.............42.00 1991-S.............37.00 1989..................... 26.00 ................. 55.00 1999..................... 26.00 ................. 55.00 2009..................... 23.00 ......................n/a
1984-S.............27.00 1992-S.............42.00 2010..................... 23.00 ................. 55.00
1990..................... 26.00 ................. 55.00 2000..................... 26.00 ................. 55.00 2011..................... 23.00 ................. 55.00
1986-S.............24.00 1993-S.............38.00 1991..................... 26.00 ................. 55.00 2001..................... 24.00 ................. 60.00 2012..................... 23.00 ................. 55.00
1987-S.............24.00 1994-S.............36.00 1992..................... 26.00 ................. 55.00 2002..................... 24.00 ................. 57.00 2013..................... 23.00 ................. 55.00
1988-S.............30.00 1995-S.............77.00 1993..................... 26.00 ................. 85.00 2003..................... 24.00 ................. 57.00 2014..................... 23.00 ................. 55.00
1989-S.............33.00 1996-S...........315.00 1994..................... 36.00 ............... 169.00 2004..................... 24.00 ................. 57.00 2015..................... 23.00 ................. 53.95
1990-S.............28.00 1997-S.............59.00 1995..................... 32.00 ................. 65.00 2005..................... 24.00 ................. 59.00 2016..................... 23.00 ..................... N/A
16
IN CHOICE GRADES
DOllarS 1948............................ 15.00 .............. 23.00
1948-D ........................ 17.00 .............. 25.00
Date VF XF AU 1949............................ 17.00 .............. 32.00
(DATES OF OUR CHOICE) 1879-CC 295.00 719.00 $ — 1949-D ........................ 35.00 .............. 69.00
CH VF CH XF 1883-S 40.00 49.00 139.00 1949-S......................... 39.00 .............. 89.00
1/2¢ DRAPED (1800-08) 215.00 350.00 1884-S 45.00 55.00 225.00 1950............................ 17.00 .............. 32.00
1/2¢ CLASSIC (1809-36) 75.00 109.00 1885-S 49.00 60.00 119.00 1950-D ........................ 19.00 .............. 29.00
1/2¢ BRAID (1849-57) 85.00 110.00 1886-S 85.00 115.00 149.00 1951............................ 17.00 .............. 19.00
r
erio
1¢ CLASSIC (1808-14) 895.00 $- 1888-S 175.00 190.00 210.00 1951-D ........................ 22.00 .............. 35.00
1¢ CORONET (1816-39) 70.00 135.00 1890-CC 105.00 139.00 219.00 1951-S......................... 22.00 .............. 29.00 Sup ty! CH CH/Brilliant
l i
1¢ BRAIDED (1839-57)
1¢ FLYING EAGLE
39.00
49.00
55.00
125.00
1891-CC 105.00 139.00 209.00 1952............................ 17.00 .............. 19.00 Qua AU Uncirculated
1891-O 39.00 42.00 48.00 1952-D ........................ 17.00 .............. 19.00
1¢ 1859 INDIAN 42.00 99.00 1941............................ 21.00 ................ 29.00
1892 42.00 52.00 82.00 1952-S.............................. — .............. 85.00
1¢ IND. C.N. (1860-64) 25.00 49.00 1953............................ 19.00 .............. 25.00 1941-D ........................ 21.00 ................ 35.00
1892-CC 279.00 479.00 699.00
1¢ IND BR (1864-09) 3.50 8.00 1892-O 42.00 49.00 65.00 1953-D ........................ 17.00 .............. 19.00 1941-S......................... 29.00 ................ 79.00
2¢ PIECE (1864-73) 27.00 39.00 1892-S 135.00 310.00 1,500.00 1953-S.............................. — .............. 39.00 1942............................ 21.00 ................ 29.00
3¢ NICKEL (1865-81) 21.00 37.00 1893 220.00 270.00 390.00 1954............................ 19.00 .............. 19.00 1942-D ........................ 23.00 ................ 42.00
3¢ SILVER (1851-73) 65.00 69.00 1893-CC 625.00 1,495.00 — 1954-D ........................ 19.00 .............. 19.00 1942-S......................... 23.00 ................ 45.00
1/2D BUST (1829-37) 95.00 150.00 1893-O 349.00 525.00 800.00 1954-S......................... 22.00 .............. 28.00
1/2D STD STRS (1838-60) 30.00 55.00 1943............................ 21.00 ................ 29.00
1894-O 50.00 95.00 269.00 1955............................ 18.00 .............. 24.00
1/2D STD ARRS (1853-55) 30.00 59.00 1956............................ 17.00 .............. 21.00 1943-D ........................ 25.00 ................ 49.00
1894-S 109.00 189.00 479.00
1/2D STD LEG (1860-73) 30.00 49.00 1895-O 375.00 565.00 1,350.00 1957............................ 17.00 .............. 21.00 1943-S......................... 24.00 ................ 49.00
5¢ SHIELD RAYS (1866-67) 85.00 139.00 1895-S 895.00 1,295.00 — 1957-D ........................ 17.00 .............. 22.00 1944............................ 21.00 ................ 37.00
5¢ SHIELD NR (1867-83) 38.00 59.00 1896-O 40.00 49.00 149.00 1958............................ 15.00 .............. 19.00 1944-D ........................ 24.00 ................ 49.00
5¢ LIBERTY NC (1883) 9.00 12.00 1896-S 55.00 220.00 795.00 1958-D ........................ 15.00 .............. 19.00
1944-S......................... 35.00 ................ 49.00
5¢ LIBERTY WC (1883-12) 12.00 30.00 1897-O 40.00 49.00 95.00 1959............................ 15.00 .............. 19.00
5¢ BUFFALO (1913 T1) 17.00 19.00 1959-D ........................ 15.00 .............. 19.00 1945............................ 23.00 ................ 29.00
1901 55.00 99.00 290.00
10¢ SM SZ BUST (1829-37) 79.00 259.00 1960............................ 15.00 .............. 19.00 1945-D ........................ 24.00 ................ 35.00
1903-S 180.00 340.00 1,525.00
10¢ STD STARS (1838-60) 25.00 45.00 1960-D ........................ 15.00 .............. 19.00 1945-S......................... 35.00 ................ 49.00
1904-S 59.00 190.00 525.00
10¢ STD ARRS (1853-55) 35.00 49.00 1961............................ 15.00 .............. 18.00 1946............................ 24.00 ................ 34.00
1921 Peace 99.00 119.00 149.00
10¢ STD LEG (1860-91) 21.00 31.00 1961-D ........................ 14.00 .............. 18.00
1928 319.00 369.00 399.00 1946-D ........................ 42.00 ................ 55.00
10¢ BARBER (1892-1916) 8.00 25.00 1962............................ 14.00 .............. 18.00
1934-S 79.00 169.00 485.00 1946-S......................... 45.00 ................ 55.00
20¢ PIECE (1875-78) 189.00 249.00 1962-D ........................ 14.00 .............. 18.00
1963............................ 13.00 .............. 15.00 1947............................ 24.00 ................ 49.00
MORGAN DOLLAR
25¢ SM SZ BUST (1830-37) 149.00 369.00
25¢ STD N.M. (1838-66) 45.00 69.00 1963-D ........................ 13.00 .............. 15.00 1947-D ........................ 32.00 ................ 59.00
25¢ STD ARRS/RAYS (1853) 45.00 155.00
Choice Brilliant Uncirculated *Group of 6 Different
25¢ STD ARRS (1854-55) 40.00 74.00 1921 PDS (all 3)
Starter Groups
25¢ STD W.M. (1867-91)
25¢ BARBER (1892-12)
40.00
27.00
59.00
52.00
Silver Kennedy Halves mOrGaN
25¢ S.L. T1 (1917) 79.00 109.00 5 Diff Pre 1900 CH Brilliant
25¢ S.L. T2 (1925-30) 11.00 29.00 Ch BU* Uncirculated DOllarS
50¢ CAP BUST (1807-36) 85.00 145.00 65, 66, 67, Ch BU
$ “P” Mints
50¢ BUST R.E. (1836-39)
50¢ STD N.M. (1839-66)
119.00
80.00
190.00
120.00 $239.00
68-D, 69-D and
the key date 70-D $135.00
Per Group
50¢ STD A/R (1853)
50¢ STD ARRS (1854-55)
99.00
90.00
240.00
140.00
5 Diff. Pre 21 Ch BU* $39.00 Per Group
$ “O” Mints
50¢ STD W.M. (1866-91)
50¢ BARBER (1892-1915)
75.00
110.00
130.00
185.00 $239 .00 GEORGE STATUE OF
$1 STD N.M. (1840-66)
$1 STD W.M. (1867-73)
390.00
395.00
535.00
529.00 5 Diff. Pre 21 WASHINGTON LIBERTY
$1 TRADE (1873-85) 155.00 260.00 Ch BU* SILVER COMMEMS
$ “S” Mints COMMEM PROOFS
COmmEmOraTIvE $269.00 Original Boxes
3 Diff. “CC” Ch BU* HALF DOLLARS
Half DOllarS 1982-S Mint Seated Proof . . . . 9 .95
1986-S Proof 50¢ . . . . . . . . . . . . 4 .50
$ Dollars 1986-S 2 pc . Proof Set . . . . . . 30 .00
Choice B.U. 1982-D Mint Seated BU . . . . . . 9 .95
$629.00
20 Diff. Dates Group of 4 Different Roll of 20 Mixed Date
Ch BU* BUST PEaCE
$ Pre 21
HALVES DOllarS
$979.00 / Roll
Fine and Better Very Sel. BU
Albany ...................................................279.00
*Dates of Our Choice
$299.00 $795.00
Arkansas................................................109.00 Dates of our choice Roll
NORWOOD COIN
Boone....................................................119.00
S
TRY U
Bay Bridge .............................................169.00
Calif. Jubilee ..........................................219.00
!
TODAY
Columbian Expo (1893) ...........................29.00
Connecticut ............................................260.00
Delaware ...............................................260.00
Grant .....................................................135.00
501 COLUMBIA TNPK • RENSSELAER, NY 12144
Huegenot ...............................................135.00 Please add $7.50
Lexington ...............................................105.00 Phone for postage and insurance
Fax
Maine ....................................................160.00
Oregon Type ...........................................159.00 518-477-2193 per order. 518-477-2194
Pilgrim Type (1920) .................................99.00
Rhode Island ............................................99.00 Coins must be shipped to credit card holders billing address.
San Diego Type (1935-S) .........................99.00 ■ Personal Checks & M.O. Gladly Accepted.■ Add $7.50 Postage & Insurance on total order. MON.-FRI.
Sesquicentennial .....................................110.00 ■ VISA, MC, Discover and AmEx accepted.■ Full 10-day return privilege. P & H not refundable. 10am to 5:30pm est
■ NY residents Add 8% Sales Tax. ■ Coins subject to prior sale.
Stone Mountain ........................................65.00
■ Coins removed from original holder are considered sold. ■ All coins guaranteed genuine.
SAT.
Texas Type .............................................139.00 10am to 3pm est
York ......................................................200.00 *Prices subject to change due to market conditions.
17
Apparently, the 1960-P Small Date cent is the lowest-mintage regular-issue U.S. coin since the 1938-D half dollar.
The 1960 Small Date Cent Had a Large Impact on the Hobby
A
by Tom DeLorey
bout the time that I started collecting coins, around 1960, the U.S. coin market
was mesmerized by the concept of collecting and/or hoarding original BU rolls
of coins. Being a child of limited means, content with filling Whitman folders, I
was not affected personally at the time, but it affected the coin collecting universe
greatly, and eventually my life.
I was too young to appreciate the peculiar chain of events that led to the striking of the epicenter
of this madness: the 1960-P Small Date cent, which is apparently the lowest-mintage regular-issue
U.S. coin since the 1938-D half dollar. Even today, most collectors have no idea why it had an
(unofficial) mintage of only 2,075,000 pieces, a mere pittance that the current Philadelphia Mint
can turn out in less than an hour. I think I just figured it out.
For many decades before 1960, it was traditional for established coin dealers to put away a roll
or two of each new issue for inventory purposes to meet the demand for future single coin sales.
Thanks to this practice, the hobby today has many surviving examples of most modern-date coins
in Choice BU condition—though, of course, the rolls did not survive as rolls since they were bro-
ken up for the single coin sales.
PCGS
18 www.coinagemag.com COINage
Because the engraving of new dates in master dies was done by hand, the new cent master die ended up with a larger date.
(I have always assumed that certain col- nal rolls made it into dealers’ inventories. The market exploded when the 1950-
lectible varieties that involve badly degraded D nickel showed a total mintage of only
dies such as the 1922 “No-D” cents and the This practice held steady throughout the 2,630,030 pieces, compared with production
1937-D “3-Legged” nickels are rare in true huge mintages of World War II, but after- at Denver in the 30 million to 40 million
Uncirculated condition because the dealers ward a funny thing happened: The manufac- range from 1943 to 1949. Dealers who had
putting away the rolls would have looked at turing sector returned to normal, eliminat- developed sources in the banking distribu-
a roll containing such “defective” coins and ing the need for triple shifts in war-related tion system managed to snap up perhaps half
dumped them back into circulation, finding industries. Payrolls shrank along with the of the total mintage in roll or bag form, and
another roll of well-struck coins for inven- economy, and the need for coins to fill pay over the next decade drove the price of the
tory to keep their customers happy.) envelopes decreased accordingly. rolls up to ten times their face value.
New issues such as the 1909 Lincoln cents, The supply of coins struck during the war- During this craze, other BU rolls of the
the 1913 Buffalo nickels and the 1916 “Mer- time years (and mostly still in circulation, 1950s got hoarded and hyped as “the next
cury” dimes and Walking Liberty halves if not slumbering unneeded in bank vaults) big thing.” Any small decrease in mintage
would have been saved in larger quantities was often sufficient to meet the day-to-day was seized upon as an opportunity for spec-
because of the expected demand for the new demand for some denominations, and the ulation, making people think that 71 million
designs. The 1916 Standing Liberty quarters Denver and San Francisco mints skipped was a “low” mintage for the 1954 cent.
were not saved in BU rolls because they were striking some denominations in some years. When the striking of 1955-S cents and
struck in very small quantities very late in The mintages of the denominations that dimes was ended in mid-year with the clos-
the year, and ended up getting dumped into were struck were greatly reduced from their ing of the San Francisco Mint (because the
the 1917 production and being distributed in wartime highs. Treasury Department felt that it had too
mixed-date rolls. With the Federal Reserve System order- much coinage capacity!), both were hoarded
The 1917-PD&S quarters were instead the ing fewer new coins from the mints, dealers in huge numbers, along with 1955-P&D
ones put aside in rolls as examples of the started having trouble getting their BU rolls dimes just because they were dated 1955.
new-design coinage, and the 1917-P rolls for inventory. People started paying attention (When I worked at Harlan Berk’s coin shop
might have helped preserve a few of the to monthly coinage production figures and in Chicago, I remember dumping BU rolls
1916 coins mixed into them. The 1921 Peace hoarding rolls that they thought were going to of 1955-P&D dimes that had been saved
dollars were likewise struck very late in the be scarce. The legitimately scarcer rolls began for over half a century into the junk silver
calendar year, with the result that few origi- trading at multiples of their face values. coin counter, because their bullion value was
February 2017 19
more than their numismatic value.)
As the economy grew in the second half of
the 1950s, the correspondingly increased coin
production, now divided among only two
mints rather than three, seemed to guarantee
that there would be no more low mintages.
Nevertheless, some promoters seized upon
minor downturns (such as happened at Phila-
delphia in 1958 due to a minor recession) as
an excuse to promote the resulting issues. The
hoarding of BU rolls continued to increase.
20 www.coinagemag.com COINage
quantities, concurrent with a shortage of
silver and a rise in its price that set off a new
round of hoarding specifically for the silver
denominations.
In July of that year Congress authorized the
Mint to discourage some of the hoarding by
freezing the 1964 dates on all five denomina-
tions, which it did deep into 1965, and even
into 1966 on some denominations.
When the production of 1965-dated coins
finally began, some in new compositions, the
Denver Mint discontinued the use of the “D”
mint mark through the end of 1967, lumping
the production from both mints into huge
mintage figures. Thanks in part to these
measures, the roll and bag bubble burst, and
for all intents and purposes never recovered.
The Philadelphia Mint resumed striking cent coins in March and April 1960, apparently using the So how did the BU roll market in general,
new date style.
and the BU 1960-P Small Date roll in par-
with an opportunity to fix a nagging die design change and timing creating scarcities ticular, change my life?
chipping problem that might otherwise have in U.S. coins. Most 1908 double eagles were By the amazing timing of its discovery, the
been ignored until the end of the year, and struck before the decision was made to add 1960-P SD cent helped make the fledgling
the creation of the 1961 tool steel. “In God We Trust” to the Saint-Gaudens Coin World a smashing success—so much so
Plenty of the 1960-D SD cents were struck gold coin designs, and most 1908 $10s were that for decades, it could afford to maintain a
in January and February, and perhaps early struck afterward. Look at the respective multi-person department called “Collectors
March. However, as mentioned previously, mintage figures to see what effect this had.) Clearinghouse.” This department answered
the Philadelphia Mint had ceased produc- reader mail and, among other duties, pub-
tion of cents while the new dies were being In this milieu, the weekly newspaper Coin lished a feature page usually devoted to error
prepared, resulting in the low mintage. Thus, World opened for business in April of 1960, coins and die varieties.
it was the combination of a shutdown in just as news of the Small Date cent was break- When I as a collector found a Lincoln cent
production and the date change that altered ing. By the end of the year, it had more than from the 1950s with a die chip in the center
the course of numismatic history. 53,000 paid subscribers. Its worthy rival, of the “D” mint mark, a collector friend of
So what caused the shutdown of U.S. coin Numismatic News, had begun publication in one of my older brothers steered me to the
production at the Philadelphia Mint in Janu- 1952. Both carried multiple ads for BU rolls Collectors Clearinghouse page. I subscribed
ary of 1960, thus making the 1960-P SD cent and modern proof sets and, in the 1960s, orig- to the paper, began a long correspondence
so scarce? Simple: foreign coin production. inal mint-sewn bags of very common modern with the editors of the Clearinghouse page
Since the late 19th century, the U.S. Mint had coins. Because they did not understand how and eventually went to work there.
been making coins for foreign countries on a it happened, some people thought that the That led directly to a job at the Ameri-
contract basis, and in January 1960 it started 1960-P SD lightning might strike again. can Numismatic Association in Colorado
filling some orders. (My thanks to numis- The hoarding became such a drag on the Springs, and from there a career working for
matic researcher Roger Burdette for helping country’s coinage supply that Mint Director coin dealers in the Chicago area, where I met
me find this connection.) Eva Adams, blustered threats about making my first wife. I am now comfortably retired
In January, February and March, the Phila- coin collecting illegal. It was pointed out to back in Colorado Springs, thanks in part to
delphia Mint struck just under 140 million her that the problem was not the little col- the 1960 Small Date cent!
coins for the Dominican Republic, South lector (i.e., me) taking one 1963-D nickel out (Someday, I will write an article on the BU
Korea and the Philippines, of which just of circulation to put in my Whitman folder, rolls currently sold by the U.S. Mint, if the
over 102 million pieces were in bronze that but the speculators putting away millions of Mint will ever answer the several e-mails
might otherwise have been made into Lin- 1963-D nickels and other coins in rolls and I have sent on the topic over the last four
coln cents. From April through July, it made bags. This was not illegal, no matter how years. Must be an official state secret.)
WIKIMEDIA COMMONS
another 98.7 million coins for Cuba, Liberia, much it inconvenienced the U.S. Mint. For a good article on BU roll terminology,
South Korea and the Philippines, but none of Hoarding became an even bigger problem check out my friend Wayne Herndon’s web-
them in bronze. in 1964 when the Kennedy half dollar came site, http://wayneherndon.com/whrc/pages.
(There is another significant example of a out and was immediately hoarded in huge php?pageid=33.
February 2017 21
South Korean Numismatics
F
ufactured at the U.S. mint in Philadelphia
or world coin enthusiasts from 1959 to 1962 in denominations of
who pursue modern-era 10, 50 and 100 hwan.
issues, there are two A currency reform in June 1962
common frustra- changed the name of the cur-
tions that discourage them rency to the won (1962-pres-
from collecting the coins of ent), but it also allowed for
certain countries. the continued circulation of
One is difficulty in gain- the 10-hwan and 50-hwan
ing knowledge of these coins, which were revalued
countries’ modern series of downward to one won and
coins beyond the informa- five won, respectively. Only
tion available in a world- the 100-hwan coins were
coin compendium such as demonetized, removed from
the Standard Catalog of World circulation and melted.
Coins.. The other frustration is The Korean government
the inability to gain a complete soon began making increasingly
understanding of the markets in sizable investments in the South
which these coins are bought and sold. Korean Mint, in part to facilitate the
These problems invariably involve world growth of the local economy by revamping
coins that might not be popular in one’s own the domestic currency system. These efforts
numismatic community, and they espe- resulted in the construction of a mint
The 10-hwan coins dated 4292 (1959) have usually command-
cially apply to coins that do not have an ed increasingly higher sale prices in recent years, especially near the southeastern coastal city of
easily accessible base of literature. in Mint State grades of 64 or higher. In high grade, this coin is Busan in 1966, which began the first
probably the most sought-after of South Korea’s circulation
This last point might be due to the fact coins for collectors. domestic production of circulation
that when relevant numismatic infor- coins in South Korea.
mation does indeed exist, it might be limited coins of South Korea. Three new copper-based coins were minted
to the coins’ country of origin and might be in denominations of one won, five won and 10
written in an unfamiliar foreign language. South Korean Coin Production won, and these began replacing paper curren-
In such cases, language barriers and access After gaining independence from the cies of the same values.
rights can restrict our ability to view catalogs, Empire of Japan in 1945 and the establishment A huge expansion in the mintages of these
price guides and online numismatic retail and of its government in 1948, South Korea issued new won-denominated coins after 1968—
forum sites that might contain valuable infor- its very first coins during the last years of helped along by a switch to less expensive
mation about these coins. the nation’s second currency, the hwan (1953- coining metals—started to alleviate the grow-
This article is an attempt to address 1962). ing domestic need for smaller-denomination
just one country’s modern series of coins Without a mint of its own, South Korea currency.
for which all of these issues pertain: the imported all three of the nation’s hwan coins The government continued its overhaul of
22 www.coinagemag.com COINage
the currency system by replacing other lower- grades, serious South Korea enthusiasts prefer coin retailers and in brick-and-mortar shops
denomination bank notes with coins, result- examples of these key-date coins in mint-state reveal unquestionably higher prices compared
ing in the introduction of new cupronickel grades with good eye appeal. Collectors are to similar, uncirculated key-date South Kore-
pieces: the 100-won coin in 1970, the 50-won particularly keen on key-date copper pieces an coins sold in North America.
coin in 1972 and finally, the 500-won coin that are free of excessive toning that usu- Often, there is a two-fold difference in price.
in 1982. ally appears in the form of brown spots. Such For years, Korea-based dealers have been
In 1975, the Korean government constructed “spot-free” coins almost always command a turning decent profits by acquiring such coins
a new minting facility in the city of Gyeongsan premium. There are relatively few coins pre- from outside of Korea and selling them locally.
and deactivated the mint near Busan that dating 1970 that third-party grading compa- I have become aware of only a few instances
same year. The new facility allowed the South nies have graded Mint State 65 or higher. in the last seven years in which single, MS-
Korean Mint to expand operations to include Collectors who are able to explore the larger grade South Korean circulation coins were
the striking of commemorative coins and market for these coins soon begin to notice sold for realized prices over $450 through
medals (which also began in 1975), as well as that many of the highest-graded key-date online venues in North America. Most cur-
take on larger contracts to manufacture coins South Korean coins are to be found outside of rently sell for prices ranging between $30 and
and currencies for foreign nations. Korea, with the majority in the United States. $350.
The metal used to make planchets for the first 100-won coins in 1970 came from 315 metric tons of metal reclaimed from the 100-hwan coins that were
melted down after 1962. The two main key dates for the 100-won coin (KM#9) are 1970 and 1974.
Collector Markets However, the emergence of online retail and As is the case with some other series of
The business-strike coins that collectors auction sites has changed this situation to a world coins, these values are quite elevated
consider to be key-date pieces are the copper- certain extent in the last 15 years, with collec- compared to prices just a few years ago. Until
based coins: The 10-hwan coin (KM#1) with tors and dealers in Korea acquiring some of recently, the low prices listed in world coin
the “4292” Korean Era date; the 10-won coins the best examples of these coins from sellers catalogs for key-date South Korean coins
(KM#6) dated 1966 through 1970 and 1975; in other countries. might have led people to believe that the listed
the five-won coins (KM#5) dated 1966 and Further examination of Korean sources also prices were the result of a sizable supply of
1967; and the one-won coins (KM#4) dated quickly reveals that prices for these coins in high-grade examples when, in all likelihood,
1966. the South Korean collector market are nota- it was just the result of low demand outside
A few of the early cupronickel pieces also are bly higher than elsewhere. This is reflected of Korea.
considered key-date coins: The 100-won coins in yearly coin-catalog listings by the two While it is difficult to gauge the aver-
(KM#9) dated 1970, 1971, 1972 and 1974; the most prominent Korean-language publishers age condition of the existing examples, the
50-won coins (KM#20) dated 1972 and 1973; of numismatic literature, Daegwangsa and evidence available suggests that such high-
and the 500-won coins (KM#27) dated 1987 Ohsung K&C. grade coins with good eye appeal are scarce,
and 1998. While these catalogs might cite rather hope- if not rare. Although the market everywhere
Although some pursue these coins in lower ful prices, realized prices at online Korean for these coins has leveled in the last five
February 2017 23
forum sites at the Korean Web portals Daum,
Naver or Nate.
The largest online club, True Colors of Col-
lecting (http://cafe.naver.com/antimaker),
boasts a membership of more than 39,000,
and the next-largest club, Coins and Notes”
(http://cafe.daum.net/dongjeonjeepea), has
more than 17,000 members. Another club
that specializes in world currency collecting is
World Money (numerousmoney.com).
Memberships in these forums are often
open to non-Koreans, although Korea-specific
identification information might be required.
With access and knowledge of the language,
these sites offer a wealth of information about
Korean numismatics.
As for North Korea, few people outside
that secluded country know much about the
numismatic scene there. However, low-mint-
The 10-won coins (KM#6) of the 1960s are popular with collectors of South Korean coins.
age silver proof crowns and half-ounce gold
and silver pieces are gaining popularity among
years, there still exists a radical mismatch not often seen outside of North America, with world coin collectors outside of Korea.
in the prices paid for uncirculated key-date certification holding sway over key-date coins. The North Korean precious-metal coin
South Korean coins sold in Korea and those NGC has clearly cornered the market in South mint, Korea Pugang Coins Corporation, has
sold outside of Korea. Korea, as the vast majority of certified Korean manufactured these coins since the late 1980s.
coins found in South Korean retail and auc- In recent years, one frontier commodity inves-
The Collector Community tion venues are graded by NGC. tor, Jim Rogers, has been buying as many of
By some measures, the numismatic com- Currency retailers in South Korea often these coins as he can in an effort to corner the
munity in South Korea is exceedingly small, operate brick-and-mortar businesses that also market on them. He is betting that this invest-
yet its members are quite enthusiastic about have an online presence. The most prominent ment will reap a profit in the event of a future
Korean coins and notes from every historical auction business in the country is Poong- collapse of the North Korean state.
era, including the contemporary coins of the san Hwadong (hwadong.com), which hosts
Republic of Korea discussed in this article. important numismatic auctions at the annual Coins to Look For
There also is great interest in world coins Korea Money Fair and is also the international (1) “Bronze”-variety 10-won coins (KM#6)
and bank notes. Among the most popular submission center for NGC in Korea. dated 1970
items are contemporary Euro-zone issues, Among the prominent retail businesses spe- These are possibly the most difficult South
Chinese silver, 20th-century U.S. coins and cializing in numismatics are Sujipbank (sujip Korean coins to find in grades above MS-62.
Meiji, Taisho and Showa-era issues from bank.com), Power Coin (powercoin.co.kr), Be aware that halfway through the minting of
Japan. These coins and currencies are the most Sujipmol (sujipmol.com), Ohsung K&C the 1970 issues of the five-won and 10-won
numerous non-Korean items at Korean coin (soojip.com), Mirine Mall (mirinemall.co.kr) coins, the South Korean Mint changed the
shops and in retail listings online. and Nara Auction (narauction.com). coining metal from the 88-percent copper,
A national currency show known as the For non-Koreans, purchasing from these 12-percent zinc composition it had been using
“Korea Money Fair” has been held yearly since businesses is difficult, as their online stores are
2010. This well-attended event is clear evi- navigable only by those with knowledge of the
dence of growing numismatic interest inside Korean language and they take payment only
the country. in the form of funds drawn from local bank
The uptick in numismatic interest is one accounts and credit cards issued in Korea.
reason why the major third-party grading South Korea lacks a prominent, nation-
companies are performing their own “pivot to wide numismatic organization. Instead of a
Asia,” with submission centers in Seoul, as well national organization, many in the collecting
World coin cherry-pickers should keep their
as in other cities in East Asia. community are members of smaller currency eyes open for attractive uncirculated 10-won
Third-party grading has become a fixture of clubs that are local or Web-based. Most of coins dated 1970. They could be rewarded with
a rare bronze variety that might have been er-
the numismatic scene in South Korea at a level these currency clubs often operate as online roneously attributed as a “brass” variety.
24 www.coinagemag.com COINage
coins in numismatic markets worldwide. Per-
haps the scale of these commemorative issues
might be some indication as to why this is so.
In 1987 and 1988, the Bank of Korea issued
four separate sets of seven coins each, along
with a single four-coin set, for a total of 32
coins composed of either gold, silver, nickel or
copper-nickel.
Most of the coins were made in both mint
and proof versions, with mintages of both
often in the hundreds of thousands. After the
glow of the Olympics had worn off the follow-
ing year, the Bank of Korea found that it had a
sizable portion of the total number these coins
left unsold (over 2.5 million). Many retailers
in the country began to ask that the bank buy
back their own unsold stock.
Like many Olympic coins, the silver proofs
appear for sale nowadays as some of the least
expensive world coins of their type for their
size and weight.
Other Rarities
HERITAGE AUCTIONS
February 2017 25
Bank of Korea mint sets for the years 1995 through 2000 are commanding increasingly higher prices in the collector market in South Korea. Coins
with mintages in the thousands are found only in these sets. The 1998 mint set that contains the rare 1998-dated 500 Won coin sold for 1,650,000 KRW
($1,400.00) in 2015.
business strike, at 8,000 pieces. They appear “cornucopia” mint mark, and these number world coin enthusiasts to overcome the bar-
exclusively in 1998 Bank of Korea six-coin only 402 pieces in total. These Paris Mint riers involved and explore foreign numismatic
mint sets, with some having been broken out pieces are the lowest-mintage and highest- sources.
of their sets by collectors, usually for certified priced South Korean coins. Even better, they could use their findings
grading. Collectors also have shown keen interest in to add to the English-language numismatic
Collectors in South Korea are snapping up an odd variety of the tiny 50-won silver coin literature on world coins, which is sorely lack-
these sets for 1,650,000 KRW ($1,400) as soon (KM#7) from this series that is inexplicably ing, considering the scale of the subject.
as they are listed by the popular online retailer, dated “1971” while the rest of this commemo- Future articles would be very helpful to
Sujipbank. Other popular, rare sets are the rative series is dated “1970.” One of these coins explain the markets for world coins in their
“foreign” mint sets, as the Koreans call them: sold at a 2015 eBay auction and topped out countries of origin, as well as to shed more
These are Bank of Korea mint sets that can at $250. light on the designs, manufacture and his-
be distinguished by the complete absence of It is hoped that this brief explanation of torical backgrounds of these modern series of
Korean hangul lettering, having only English South Korean coins will encourage other world coins.
writing on their cases and slip covers.
These sets are often mistaken for regular
Bank of Korea mint sets in online auctions.
Made each year from 2001 to the present,
these sets sell for a premium over regular
mint sets. The “foreign” mint sets made from
2001 to 2004 are especially prized in Korea
since they feature reverse-proof coins, and
only 3,000 to 5,000 of these sets were made.
Collectors are also quite interested in South
Korea’s first commemorative coins, issued by
Italcambio as six gold proof coins and six
silver proof coins. Around 4,000 of each sil-
ver coin were made, while the four larger
Bank of Korea mint sets have appeared in two versions since 2001. Yearly, around 50,000 sets were
gold coins of this series number only in the made with Korean and English writing on them. Only 3,000 special “foreign” sets were assembled
hundreds. each year for sale outside of Korea, and can be distinguished by the absence of Korean writing on
them. In Korea, the mint set on the left sells for 15,000 KRW ($13.00), while the “foreign” mint set on
Some of the gold coins feature the Paris Mint the right sells for 175,000 KRW ($150.00).
26 www.coinagemag.com COINage
QUALITY COINS FROM JACK H. BEYMER
All five six-piece type coin sets are housed in custom Capital Plastics holders, and the coins grade good or better.
EARLY TYPE CENTS EARLY TYPE ODD DENOMINATION
Large Cent Flying Eagle Cent Indian Head Cent Lincoln Cent Lincoln Cent Half Cent Two Cent Piece 3¢ Nickel Silver 3¢ Piece Twenty Cent Piece
1793-1857 1856-1858 1864-1909 1909-1958 1959 to Date 1793-1857 1864-1857 1864-1889 1851-1873 1875-1878
SET FOR $67.50 SET FOR $295.00
EARLY TYPE NICKELS U.S. GOLD EARLY TYPE QUARTERS
EF-AU BU
$1.00 LIB 240. 315.
2.50 IND 315. 365.
3.00 1125. 2100.
5.00 LIB 395. 470.
Seated Half Dime Shield Nickel Liberty Nickel Buffalo Nickel Jefferson Nickel Bust Quarter Seated Quarter Barber Quarter Liberty Quarter Washington Qtr
1837-1873 1866-1883 1883-1912 1913-1938 1938 to Date 10.00 LIB 745. 820. 1815-1838 1838-1891 1892-1915 1916-1930 1932 to Date
SET FOR $58.00 20.00 LIB 1440. 1550. SET FOR $220.00
LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS
1909 VDB F15 27.50 ANACS VF35 (VF30) ...........46.50 1915D ICG MS67RB... ..................... 1850.00 MS62BN 84.50 MS63BN.. ..................112.50 AG3 G4 VG7 F12 VF20 EF40
MS64RD 100.00 PCGS MS65RD.......176.50 AU50, light obv porosity. ......................34.50 MS64BN 151.50 PCGS MS64RB. ....290.00 VF30 5.25 PCGS MS62BN....................87.50
MS65RB 87.50 MS65RD....................173.50 EF40, obv & rev marks... ......................22.50 MS63BN 102.50 PCGS MS64BN. ......153.50 1919S 3 rev radial die, one 1909 VDB 9.10 14.00 14.75 15.75 16.50 17.50
PCGS MS64RD. ..................................102.50 EF40, rev flan flaws... ............................22.50 MS60BN................ ................................78.50 obv die cracks EF40. .............................14.50 1909S VDB - - 791.50 805.00 920.00 -
NGC, PCGS MS65RB....... .....................90.00 Fr2 8.25 ICG G4..... ...............................16.75 AU50 50.00 AU55 58.50 AU58 ............64.50 1920 MS65RB 78.50 MS65RD.. ........286.50 1909 2.30 3.50 4.00 5.00 5.50 6.50
MS64RB 66.50 MS63RD......................70.00 1910S/S north RPM2 G4......................20.00 VF30 21.00 ICG AU50...........................52.50 MS63BN 22.50 MS64RB... ...................46.50 1909S 58.00 77.50 86.00 98.50 140.00 -
MS64BN 40.00 NGC MS64RB. ............68.50 1911 PCGS PR64RD..... .................. 1500.00 EF45, light obv marks.. .........................12.50 MS60BN 17.00 MS63RB.... ..................24.50 1910 .30 .45 .50 .60 2.00 5.25
NNC MS66RD (MS64RB).....................68.50 MS65RB 152.50 MS66BN..................162.50 Fr1 .50 Fr2 .75 F15..................................7.75 AU50 8.50 AU55 11.00 AU58...............12.75 1910S 11.00 14.75 21.00 22.50 34.50 62.50
MS62BN 27.00 MS63RB.. ....................36.50 MS65BN 81.50 ANACS MS65RB. .....155.00 1915S AU50 123.50 AU55... ..............149.50 VF30 2.50 EF45.... ...................................5.50
1911 .30 .45 .85 1.50 3.50 8.50
MS60BN 24.00 MS63BN... ...................30.00 ANACS, PCGS MS64RB... ....................97.50 F15 40.00 VF30 77.50 EF45. ..............110.00 1920D AU55 54.50 AU58.... .................61.50
AU58 21.50 MS60RB.... .......................28.50 MS64BN 48.50 ANACS MS64BN. .......51.50 VF30, rev mark........ ..............................31.50 VF30 16.50 EF45 31.50 AU50 .............43.50 1911D 3.50 5.50 7.25 10.00 26.50 -
Fr2 5.90 AU50 19.50 AU55...................20.50 MS63BN 31.00 MS63RB.. ....................42.50 Fr2 11.00 EF40, porous.. ......................24.50 AU58, reverse mark.. ............................31.50 1911S 27.50 36.50 50.00 58.50 67.50 88.50
1909 VDB doubled die obverse VF30 6.00 MS60BN........ ......................19.50 EF40, obv porous patch. .......................19.50 AU58, weakly struck... ..........................23.50 1912 1.25 1.95 2.20 2.50 6.75 -
FS1101 VF20.........................................85.00 MS60, light obv marks..........................10.00 1916 PCGS MS66RD............ .......... 1240.00 1920S NGC, PCGS MS65RB.. ......... 3220.00 1912D 4.85 7.50 10.00 - 35.00 -
1909S VDB NGC MS65RD.... .......... 6200.00 1911D AU50 78.50 NGC MS65RB. ....600.00 MS65RD 465.00 NGC MS66RD...... 1240.00 AU58 82.50 NGC MS64RB... ........... 1055.00 1912S 14.75 19.50 23.00 28.50 48.00 83.50
ICG MS66RB nearly full red ............ 5725.00 PCGS MS63BN 128.50 MS64RB. ......373.50 F15 1.90 EF45 12.25 AU50...................15.00 AU55 68.50 ANACS MS63RB.............261.50
1913 .55 .85 1.30 2.00 8.25 23.50
PCGS, ANACS MS64RB... ............... 2525.00 ANACS MS64BN...... ...........................198.50 1916D NGC MS65RB..........................570.00 AU50 46.50 PCGS AU58.......................85.00
PCGS MS63BN....... ......................... 1857.50 VG10 9.00 VF30.... ................................45.00 MS64BN 231.50 PCGS MS64RB. ......395.00 F15 3.25 VF30 16.50 EF45....................28.50 1913D 1.95 3.00 4.75 7.50 23.50 61.00
AU50 1416.50 PCGS AU53. ............ 1491.50 AU50, obv flan flaws... ..........................26.50 AU58RD 98.50 MS64RB... .................392.50 AU58, weak reverse.. ............................16.00 1913S 8.75 11.50 16.75 21.00 34.50 66.00
EF45 1280.00 PCGS AU50.. ............ 1420.00 Fr2 2.25 VF20, porous.. ..........................7.25 MS60BN 98.50 NGC MS63BN.. .........173.50 1921 MS64RD 178.50 MS65RB.. ......184.50 1914 .35 .50 1.25 2.25 8.50 -
NGC VF30 1057.50 NGC EF45. ....... 1282.50 1911S MS64RB 558.50 MS65RB.. ..800.00 AU58 72.50 MS63BN...... ...................171.50 MS65BN 118.50 MS64RB..................132.50 1914D 105/00 161.50 191.50 237.50 454.50 960.00
PCGS EF45......... .............................. 1282.50 MS63RB 315.00 ANACS MS63BN ...261.50 F15 5.50 EF45 32.50 AU50...................46.50 MS63BN 68.50 ANACS MS63RB. ........91.50 1914S 16.25 21.50 25.00 29.50 52.50 108.50
Was PCGS genuine, reverse ANACS AU55(AU50).... .......................123.50 AU58, weak wheat-ears... .....................22.50 MS60RB 64.50 MS63RB... ...................89.50
1915 1.10 1.70 3.75 8.00 26.00 76.50
spot, net EF45...... ............................ 1280.00 EF45 101.50 AU50.... ..........................121.50 1916S AU58 89.50 NGC MS65RB. . 1950.00 AU58 36.50 MS60BN.... .......................47.50
NGC F15 852.50 PCGS VF25..............990.00 AU50, small obv flan flaw. ....................88.50 MS64RB 690.00 PCGS MS65RB. ... 1950.00 VF30 9.00 EF45 18.00 AU50. ...............25.00 1915D 1.15 1.75 3.15 4.75 12.50 30.00
ANACS AU details, corroded VF30, obv mark 58.50 VF30. ................78.00 NGC MS64RB CAC....... ......................692.50 F15 2.40 AU55, light marks ...................9.00 1915S 14.75 19.50 24.50 31.50 52.50 102.50
cleaned, net EF40, decent MS60BN corroded 58.50 F15. .............62.00 PCGS MS63BN 173.50 MS65BN. ......638.50 1921S AU58 96.00 NGC MS65RB. . 2765.00 1916 .25 .35 .50 .70 3.75 10.50
looking (VF20).....................................922.50 VG10 55.00 EF40, porous.....................58.50 AU55 77.50 MS63BN.... .....................171.50 AU55 87.50 PCGS MS65RB. ........... 2765.00 1916D .80 1.25 2.10 3.35 9.00 -
NGC EF cleaned net VF20.. .................922.50 AU50 obv corrosion..... .........................50.00 VF30 24.50 EF45 44.50 AU50 .............59.50 AU50 74.50 PCGS MS64RB. ..............830.00 1916S 1.15 1.75 3.50 5.00 14.00 35.00
NGC, PCGS F12...................................807.50 EF40, porous, obv mark........................36.50 NGC VF30..............................................26.50 EF45 56.50 NGC MS64RB. .................830.00 1917 .20 .30 .35 .45 2.00 6.00
NCS EF details, obv damage Fr2... ......................................................21.00 NGC VF25 (VF30/F12).......................... 21.50 ANACS EF40 (VF30)..............................31.50
obv scrape, not bad 1912 F15 4.25 PCGS MS65RD.. ........700.00 AU50, small obv pits.. ...........................14.00 Fr1 .45 Fr2 .70 VF30.... .........................30.00 1917D 70 1.05 1.90 3.15 16.50 47.50
looking, net F12...................................807.50 1912D VG10 11.00 F15...... ..................21.00 VF20, obv corrosion................................1.75 1922 No D, die pair 2, 1917S .35 .50 .80 1.25 5.25 14.50
PCGS Genuine AU50 detail, Fr2............. ..............................................3.15 Fr2................ ..............................................75 strong rev PCGS EF45. .................... 2825.00 1918 .20 .30 .35 .45 2.00 5.25
corrosion, net F12.. .............................807.50 1912S AU55.......... ..............................142.50 AU50 details, heavily PCGS F15 912.50 PCGS VF35......... 1865.00 1918D .70 1.05 1.65 2.50 7.75 20.00
ANACS VF20, scratched, F15 36.50 VF30 66.00 AU50. .............120.00 corroded.............. .......................................75 NGC, PCGS VF30..... ........................ 1627.50 1918S .25 .35 .85 1.50 5.00 13.50
very light..............................................807.50 1912S/S North-East RPM1 1917 VF30 4.00 MS65RB.... ...............175.00 VF25 (was NGC VF25).. ................... 1173.50 1919 .20 .30 .35 .45 1.15 2.75
PCGS VF20 (F12)..... ...........................807.50 AU50 165.00 MS60BN.... ...................215.00 F15 1.10 MS64RB.................................79.50 F15 910.00 PCGS VF20. .................. 1152.50
ICG VG10 details, damaged, EF40 101.00 EF45.... ...........................112.50 1917D AU58 68.00 NGC MS65RB. ....718.50 NGC G6..... ..........................................612.50 1919D .45 .70 1.05 1.50 5.75 16.00
light marks....... ...................................787.50 F12 32.50 VF20 57.50 VF30. ................79.50 EF45 54.00 PCGS MS64RB CAC .......423.50 1922D AU58 93.50 NGC MS65RB. ....615.00 1919S .20 .30 .80 1.50 3.25 7.25
ANACS EF40 details, 1913 MS63RB 70.00 NGC PR65RD 1960.00 VF30 32.00 PCGS MS64RB................418.50 AU50 75.00 MS64BN... ......................215.00 1920 .15 .20 .35 .50 1.50 3.50
corroded....... .......................................787.50 MS64RB........... ...................................116.50 MS63BN 128.50 MS63RB..................175.00 F15 27.00 VF30 39.50 EF45. ................58.50 1920D .65 1.00 1.90 3.25 9.50 23.50
1909 MS64BN.......................................25.00 F15 4.25 VF30 15.75 AU50...................31.50 F15 8.50 AU50, weak rev. .....................32.00 VG10 23.50 EF40/F15.. .........................31.50 1920S .30 .45 .85 1.50 6.00 16.00
ANACS MS62BN.............. .....................20.00 1913D EF45 66.50 PCGS MS65RD 2250.00 AU50, dark, porous..... ............................3.15 Fr2 9.50 AU55, weak rev.......................47.50 1921 .35 .50 .65 .85 4.75 13.50
AU58 13.50 MS63BN...... .....................19.50 VF30 43.50 PCGS MS64BN................219.50 1917S AU58 58.50 PCGS MS65RB 2100.00 VF30 obv, AG3 rev.................................23.00
AU50 11.50 MS60BN..... ......................15.00 F15 11.50 MS60, porous.. ....................61.00 MS62BN 108.50 MS65RB............... 2097.50 F15, “DB” scratched on obv ................22.50 1921S 1.05 1.60 2.50 3.80 16.00 45.00
Fr1 1.10 Fr2 1.70 VF30. ..........................6.00 Fr1 .85 Fr2....... ........................................1.25 PCGS MS64RB......... ..........................495.00 VF20, edge crimped from 1922 NO D - - - - 1150. 2100.
1909S NGC MS65RD....................... 1580.00 1913S AU58 168.50 NGC MS65RB 1165.00 PCGS AU58 60.00 MS63BN... ............133.50 lucky charm...........................................14.75 1922D 14.75 22.50 23.00 24.00 31.50 47.50
MS63RB 420.00 PCGS MS64RB. ......590.00 VF30 50.00 EF45...................................88.50 AU55 48.50 MS60BN..... ......................84.50 D removed F12......................................14.75 1923 .20 .30 .40 .55 2.50 -
MS63BN 402.50 NGC MS65BN. ........535.00 AU50, a few obv flan flaws ..................34.50 VF30 10.00 EF45 22.50 AU50 ..............33.50 1922D EF45, 2 radial die 1923S 4.40 6.75 8.00 9.50 23.50 56.00
MS60BN 385.00 PCGS MS63RB. ......422.50 Fr2 5.75 NGC G6 17.50 F15..................26.50 VF20, rev nearly bisected cracks on reverse.. ................................75.00 1924 .15 .20 .30 .45 2.25 -
AU50 263.50 PCGS MS63BN.............405.00 EF45, light marks... ...............................21.00 by die cracks from K4-K8.. .....................9.75 EF40, porous........ .................................25.00
1924D 21.75 33.50 38.00 45.00 69.50 127.50
VF30 157.50 NGC MS62BN................395.00 1914 AU55 46.50 PCGS PR65RD. . 2885.00 1918 MS63BN 21.00 MS63RB.............28.00 1922D 1 radial die crack on
F15 115.00 PCGS MS62BN. ...............395.00 MS64RB 195.00 NGC MS65RB.. .......281.50 AU50 9.50 AU55..... ..............................11.00 rev early die state of the 1924S .80 1.25 2.00 3.00 14.50 41.50
VG10 93.50 ANACS AU50.. ................265.00 AU50 42.00 MS64BN.... .....................106.50 F15 1.00 VF30 3.85 EF45........................7.50 above coin G4 22.50 F12. .....................24.00 1925 .15 .20 .30 .40 1.25 3.25
MS63RB, sm obv scratches. ..............262.50 VF30 16.00 MS63BN..... .......................75.00 AU58, whizzed looks RB UNC ................5.75 1923 PCGS MS66RD....................... 1450.00 1925D .55 .85 1.90 3.50 8.25 19.50
NGC F15 117.50 PCGS EF45. .............212.50 AU50/VG8........ .......................................8.50 1918D PCGS MS65RB... ................. 1085.00 MS64RB 48.50 MS64RD......................74.50 1925S .45 .65 1.10 1.75 5.50 14.50
PCGS VF25..........................................150.00 1914D NGC MS64RB....................... 6890.00 MS64RB 545.00 NGC MS65RB.. ... 1085.00 MS64BN 28.00 MS63RD......................51.00 1926 .15 .20 .30 .40 1.00 2.50
PCGS VF30 (VF20)..............................142.50 MS64RB.... ....................................... 6885.00 VG10 2.25 F15 4.50 VF30.....................14.00 MS62RD 37.50 MS63RB......................25.00
1926D .90 1.40 2.35 3.75 8.50 19.25
F15, obv mark......... ..............................86.00 NGC VF30 710.00 PCGS EF40............962.50 1918S NGC MS65RB, only 2 AU58 13.50 MS60RB.... .......................19.50
1909S/S NE RPM#1 VF30.. ................400.00 VF30 707.50 PCGS VF30.. ..................710.00 graded higher.. ................................. 2500.00 MS60BN............... .................................15.50 1926S 6.50 10.00 11.25 13.00 22.50 43.50
1909S/horizontal S RPM#2 PCGS EF45 (VF30).... ..........................710.00 NGC MS64BN...... ...............................450.00 1923S ANACS MS62BN.. ...................261.50 1927 .15 .20 .30 .40 1.00 2.50
ANACS MS63BN.... .............................575.00 PCGS VF35 (VF25)..............................582.50 AU58 57.50 MS62BN.... .....................119.50 AU55 142.50 PCGS AU58.. ................165.00 1927D .75 1.15 1.70 2.25 4.50 9.25
EF40, early die state.. ..........................400.00 PCGS VG10 221.50 F15......................325.00 AU55 49.50 MS60BN.... .......................77.50 AU50 114.50 PCGS AU55... ...............145.00 1927S .90 1.40 1.75 2.50 7.25 18.50
Early die state VF20.............................250.00 VG10 219.50 ANACS VG10.. ..............221.50 MS60BN, very worn obv die.................52.50 F15 15.00 VF30 33.75 EF45. ................79.50 1928 .15 .20 .30 .40 1.00 2.50
VG8 170.00 F12 180.00 F15...............200.00 VF20, obv marks....... ..........................161.50 VF30 9.25 EF45 23.50 AU50. ..............37.50 Fr2 2.85 DGS EF45 (F12)......................11.50
1928D - .85 1.30 2.00 4.00 8.00
1910 ANACS PR64RB.... ....................675.00 1914S PCGS MS63RB........................723.50 MS60BN, multiple die chips 1924 MS63RB 46.50 MS65RB...........106.50
MS65RB 57.50 MS65RD....................294.50 AU58 260.00 NGC MS62RB.. .............611.50 on coat.................................................116.50 AU58RB 18.50 MS64RB.......................60.00 1928S .60 .90 1.75 3.00 5.50 11.25
ANACS MS63RB 35.00 MS65BN. ........36.50 AU50 172.50 MS62BN..... ..................442.50 1919 MS62BN 13.50 MS63BN.............18.50 MS60BN 20.00 MS63BN..... .................33.00 1929 .15 .20 .25 .30 1.15 3.25
ANACS MS64BN 31.50 MS63RB. ........32.50 VF30 80.00 EF45.................................134.50 AU55 6.50 AU58 7.00 MS60BN ............8.50 MS60RB............... .................................30.00 1929D - .45 .75 1.25 3.00 7.25
ANACS MS63BN 27.50 MS64BN. ........29.50 AU50, porous patches... .......................58.50 EF45 3.75 AU50.... ..................................5.50 MS64RB, black spot on date ................ 6.50 1929S .25 .40 1.05 2.00 4.00 8.00
MS60RB 25.00 MS63BN.... ..................26.00 F15 38.50 AU50 lt porosity ...................38.50 EF40, dark .50 VF30.. ..............................1.95 VF30.......... ............................................. 4.25 1930 .15 .20 .25 .30 .75 -
AU58 15.00 ANACS MS62BN...............24.50 EF45, rev mark........ ..............................29.50 1919D EF45 25.00 PCGS MS63RD....408.50 1924D NGC MS65RB....................... 2750.00 1930D .15 .20 .25 .35 1.00 2.50
AU55 13.50 MS62BN.... .......................22.50 VF30, obv scratch, rev PCGS, ANACS MS64RB.. ...................388.50 PCGS MS64RB......... ....................... 1455.00
VF30 3.65 EF45 7.50 AU50...................10.75 struck through.......................................28.50 F15 3.25 F15+ 3.75 VF30......................11.00 VF30 98.50 PCI MS62RB. ..................550.00 1930S .15 .20 .25 .35 .75 1.75
1910S AU58 97.50 NGC MS65RD. ....930.00 VF20, rev marks..... ...............................21.50 AU50, light porosity.. ..............................5.75 F15 55.00 NGC AU53..........................203.50 1931 - .60 .75 .90 2.00 4.75
MS60BN 112.50 NGC MS65RB. ........415.00 VF30, obv & rev porosity, 1919S NGC, PCGS MS65RB.... ....... 1633.50 EF40, obv porous patch.. ......................55.00 1931D - - - 7.50 10.00 16.00
PCGS, NGC MS64RB... .......................305.00 small rim clip.........................................21.50 AU58 39.50 NGC MS65BN... ..............495.50 1924D Rev die abraded by 1931S - - 85.00 90.00 97.50 105.00
PCGS, NGC MS64BN.... ......................183.50 1915 PCGS MS66RD....................... 3310.00 AU50 22.50 PCGS,NGC MS64RB .....495.00 mint feeder fingers 1932 - 1.75 2.25 3.00 4.75 8.50
AU55 91.50 MS63RB.... .....................161.50 VF30 51.50 NGC MS65RD.. ............ 1240.00 ANACS MS63RB 170.00 MS64RB ....492.50 G4 49.50 VG7 53.50 VF20.. ..................90.00 1932D - 1.60 1.95 2.50 3.25 5.00
NGC, ANACS MS63BN........................138.50 F15 15.25 PCGS MS64BN.. ................142.50 MS64RB obv, MS64BN rev.................395.00 1924S AU58 97.50 PCGS MS65RB 4780.00
AU50 82.50 ANACS MS60BN.............115.00 Fr2 .70 EF40/VG10 (F15).. ....................15.25 ANACS, NGC MS64BN........................247.50 MS64BN 865.00 NGC MS64RB.. .... 1737.50 1933 1.10 1.70 2.00 2.50 4.00 8.00
VF30 44.50 PCGS AU58.... .................100.00 VF20, obv mark........ ...............................1.70 MS64BN..... .........................................245.00 AU50 75.00 PCGS MS64RB.. .......... 1737.50 1933D - 3.85 4.70 6.00 9.25 16.75
OUR POLICY: GRADING: Strict Photograde, ANA grading. LAYAWAY 1/3 with your order, and the remaining 2/3 within two months. APPROVAL SERVICE: Three references from coin dealers who now offer you approval service must be furnished for us to
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JACK H. BEYMER – OUR 49th YEAR ®
DAVID SCHWAGER
US MINT
The designer of this coin used a 1991 Fleer baseball card for reference, leading some people to believe Not only was Eunice Kennedy Shriver still alive
the coin represented pitcher Nolan Ryan. when her portrait appeared on this 1995 Special
Olympics commemorative, but she attended the
W
coin’s launch ceremony.
hy don’t real people of the present day appear on United States notes and
coins? Many other nations show their monarchs and chief executives, espe-
cially on paper money. The answer comes from the early years of federal
paper currency. Some of the first notes, issued during the Civil War, bore the
portraits of then-president Abraham Lincoln and his Secretary of the Trea-
sury, Salmon P. Chase. Spencer Clark, head of the National Currency Bureau, the government
agency responsible for printing notes, decided that if his bosses put their faces on $1 and $5
bills, they would not mind if he put his own image on a humble five-cent note. He was wrong,
and Congress enacted a law stating that United States coins and currency could not bear the
images of living people.
Most new coins, however, have authoriz- four times with classic commemorative half designer, John Deecken, modeled his rep-
ing legislation, and sometimes this legis- dollars: 1921 Alabama, 1926 Sesquicenten- resentation of a baseball pitcher on a 1991
lation supersedes the old law and puts a nial, 1936 Arkansas-Robinson, and 1936 Fleer baseball card for famous player Nolan
person of the present day on a commemora- Lynchburg. In each case, the legal specifica- Ryan of the Texas Rangers. This led some
tive coin. In other cases, the particulars of tions put a specific, current political leader people to believe that the coin depicted
the authorization, the depiction on the coin, onto a coin. Ryan. According to the artist, however, he
or the identity of the people depicted are In modern coins, the gray area is the more used the photo to ensure the action pose
vague enough that living people make their common scenario. This first happened in and folds in the uniform were accurate,
way onto the finished products. 1992 with the commemorative silver dol- but did not copy the image exactly or use
Before the modern period, this happened lar made for the Barcelona Olympics. The Ryan’s face. Comparing the coin and card,
28 www.coinagemag.com COINage
HERITAGE AUCTIONS
US MINT
Although not specifically named, the astronaut on
After U.S. Treasury official Spencer Clark put his face on this 1864 five-cent note, Congress passed a this 2002 Ohio quarter could be Neil Armstrong,
law preventing living persons from appearing on coins and currency. who lived until 2012.
this appears to be true, and the face clearly As the first person to walk on the moon ing the presidents’ wives.
belongs to a different man. The first modern and an Ohio native, Armstrong is presum- Because the authorizing legislation speci-
case of a living person on a United States ably one of the aviation pioneers referred fied that only presidents who had been dead
coin was more of a misunderstanding by the to in the legend. Neil Armstrong lived until for at least two years would be honored with
public than a break with tradition. 2012, meaning he was ineligible to appear a dollar coin, that series should have ended
In the second case, however, the situation on United States coins in 2002. Although in 2016 with Gerald Ford. Jimmy Carter
was clear. The 1995 Special Olympics silver the coin does not have his name or face, it remained alive, and the original intention
dollar bears a portrait of Eunice Kennedy was meant in part as a tribute to Armstrong was not to skip over him in order to issue a
Shriver, sister of President John F. Kennedy and most people recognize that the coin coin for the deceased Ronald Reagan.
and one of the founders of the games. (The reproduces his well-known photo. As the Then, when the Mint decided to go ahead
Special Olympics is a series of athletic events only circulating coin in this discussion, the with the Reagan dollar in 2016, it was unclear
for the developmentally disabled.) Not only mintage of the Ohio quarter dwarfs the whether the gold coin could be issued for
did Shriver appear on the coin, she was other examples and was seen by nearly every former First Lady Nancy Reagan, who was
a guest at the dollar’s launch ceremony. American. still living at the time. The coin was made
Although the portrait was unflattering, this The fourth coin, this time a non-circulat- and, as with several First Spouse designs,
was the one unequivocal case in which a ing commemorative, similarly depicts real she is depicted on both sides. Unlike Eunice
modern United States coin depicted a spe- people of the present in an indirect way. In Shriver, however, Nancy was unable to attend
cific living person. 2007, the Little Rock Central High School her own launch ceremony, as she died Mar. 6,
The next case returned to the gray area. Desegregation silver dollar honored the 50th 2016, only a few months before the coin went
In 2002, as part of the 50 State Quarters anniversary of that event, in which soldiers on sale July 1 of the same year.
program, the Ohio quarter bore the legend, escorted nine black students into the previ- Although tradition and law usually keep
“Birthplace of Aviation Pioneers.” A map ously all-white school. The coin depicts only living people off coins and currency, enough
of Ohio served as the background for the the walking feet of the Little Rock Nine, as exceptions and “almosts” exist that more
Wright brothers’ plane and an astronaut. they are known, without showing their faces are likely to appear in the future. The Postal
The question is, which astronaut? Although or listing their names. Because the coin Service, for example, can now depict pres-
a spacesuit obscures every part of the figure’s refers to specific people at a specific place ent-day individuals on official stamps. As a
face and body, it appears to be based on and time, however, it is clear to whom these thought experiment, consider what eminent
photos of Neil Armstrong on the moon. feet belong. With all of the Little Rock Nine person of today deserves a place on a new
still alive in 2007, this coin depicts more liv- United States coin.
ing people than all of the other coins in this
discussion combined. David Schwager is a
knowledgeable collec-
In the last example, the Mint intended to tor of U.S. modern coins.
honor a living person who, unfortunately, He gives presentations
did not survive to see the finished product. at Los Angeles-area nu-
US MINT
February 2017 29
1801 COIN CAPSULE by John Iddings
O
ne of the greatest
U.S. presidents
took office after
one of the most serious con-
stitutional crises in Ameri-
can history.
America’s greatest jurist
took charge of the Supreme
Court and defined how the
STACK’S/BOWERS
PUBLIC DOMAIN
30 www.coinagemag.com COINage
conservatives that democracy would lead to
mob rule.
“The will of the majority in all cases is to
prevail,” Jefferson said. However, “the minor-
ity possess their equal rights which equal
law must protect, and to violate would be
oppression.”
In a further olive branch offered to the
opposition, Jefferson proclaimed: “We are all
Republicans, we are all Federalists.”
STACK’S/BOWERS
February 2017 31
2017
MARCH 2016
1856-1858 Flying Eagle Cents 1859-1909 Indian Head Cents
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65 G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
GuideFEBRUARY
1856 30 40 50 65 150 200 425 4250 1901 2 2.75 3.50 4 12 20 35 175
1857 30 40 45 50 175 225 500 4000 1902 2 2.75 3.50 4 12 20 35 175
1858/7 30 175 350 425 850 1500 3250 12000 1903 2 2.75 3.50 4 12 20 35 175
1858 (sm letters) 30 40 55 75 175 275 475 5000 1904 2 2.75 3.50 4 12 20 35 175
1858 (lg letters) 30 40 55 80 175 250 425 4500 1905 2 2.75 3.50 4 12 20 35 175
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65 1907 2 2.75 3.50 4 12 20 35 175
1859 15 20 25 45 100 175 275 3750 1908 2 2.75 3.50 4 12 20 35 175
1860 10 15 20 35 75 100 200 1500 1908-S 65 90 100 125 150 200 250 775
1860 (point bust) 20 35 50 60 100 150 300 5000 1909 10 12 15 18 20 30 40 150
Price
1861 25 35 50 60 100 150 200 1750 1909-S 450 525 575 600 700 850 1000 2250
Price
1864 (bz, rd bust, no L) 10 18 30 40 60 80 100 350 1909-S V.D.P. 825 950 1250 1250 1750 2000 3000 5250
COINage
1864 (bz, pt bust) 50 100 125 150 250 325 425 1750 1909 4 5 6 10 15 25 65 100
COINage
1865 8 15 20 25 45 55 100 450 1909-S 125 150 225 250 325 375 575 1000
1866 40 60 90 100 175 225 300 1000 1909-S (S/horz. S) 135 200 250 325 400 500 1000 -
1910 0.60 1 4 8 18 30 125 200
1867 50 80 100 125 175 225 275 1000
1910-S 20 30 45 65 100 175 275 -
1868 35 60 90 125 175 225 275 875
1911 1.25 2.50 8 10 20 50 150 275
1869 75 150 225 325 450 500 675 1500
1911-D 7 10 50 75 100 200 450 -
1869/9 200 500 700 800 900 1000 1200 2500
1911-S 50 55 75 100 200 325 775 1250
The
1884 4 7 10 12 30 45 80 350 1917 (dd obverse) 275 350 1250 2000 3000 4000 - -
32 www.coinagemag.com
The
1926-S 10 15 30 60 275 525 3000 - 1948-S 0.06 0.10 0.25 0.30 0.75 1.75 7 12
1927 0.35 0.60 2 4 10 20 55 125 1949 0.06 0.10 0.25 0.30 0.40 1 5 12
The
1927-D 2.25 3 8 25 60 100 325 650 1949-D 0.06 0.10 0.25 0.30 0.40 1.25 5 18
1927-S 2.50 6 15 35 75 200 850 - 1949-S 0.06 0.10 0.25 0.30 1.25 3 7 18
COINage
1928 0.35 0.60 2 3 8 15 65 125 1950 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1928-D 1.75 4 5 15 35 70 275 - 1950-D 0.06 0.10 0.25 0.30 0.40 1.50 6 12
COINage
1928-S 1.75 4 10 25 70 150 350 - 1950-S 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1929 0.35 0.60 2 3 8 15 45 90 1951 0.06 0.10 0.25 0.30 0.50 1.50 6 10
1929-D 1.25 3 5 12 25 40 125 250 1951-D 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1929-S 1.75 3 6 12 20 35 80 150 1951-S 0.06 0.10 0.25 0.30 0.50 1.50 6 10
1930 0.35 0.60 1.25 2 6 10 25 40 1952 0.06 0.10 0.25 0.30 0.50 1.50 6 10
1930-D 0.50 1 2.50 4 15 30 50 100 1952-D 0.06 0.10 0.25 0.30 0.40 1.50 7 15
Price
1931 0.75 2 4 8 20 35 70 100 1953 0.06 0.10 0.25 0.30 0.40 1.50 6 12
1931-D 7 8 15 35 60 100 200 350 1953-D 0.06 0.10 0.25 0.30 0.40 1.50 6 10
Price
1931-S 100 100 125 125 175 200 300 525 1953-S 0.06 0.10 0.25 0.30 0.40 1.50 6 12
1954 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1932 2.50 4 5 12 18 30 45 75
1954-D 0.06 0.10 0.25 0.30 0.40 1.25 4 10
1932-D 2.25 3 5 12 18 30 50 125
1954-S 0.06 0.10 0.25 0.30 0.40 1 4 10
1933 2.25 3 6 12 20 30 45 80
Guide
1955 0.06 0.10 0.25 0.30 0.40 0.75 4 8
1933-D 4 6 12 18 25 35 50 100
1955 (dd date) 1250 1500 1750 2000 2500 3000 8500 -
Guide
1934 0.35 0.50 1 2.75 6 10 18 30
1955-D 0.06 0.10 0.25 0.30 0.40 0.75 3 8
1934-D 0.75 1.25 4 8 15 20 30 60
1955-S 0.06 0.10 0.25 0.30 0.40 1 4 7
1935 - 0.25 0.50 1 1.75 7 18 30
1956 0.06 0.10 0.25 0.30 0.40 0.75 6 12
1935-D 0.35 0.60 1 2.50 5 10 18 25
1956-D 0.06 0.10 0.25 0.30 0.40 0.75 5 12
1935-S 0.50 1 2 4.50 12 18 40 75
1957 0.06 0.10 0.25 0.30 0.40 0.75 3 10
1936 0.25 0.40 1 1.50 2.25 4 10 18
1957-D 0.06 0.10 0.25 0.30 0.40 0.75 3 18
1936 (dd obverse) 20 40 80 100 200 300 800 -
1958 0.06 0.10 0.25 0.30 0.40 0.75 3 10
1936-D 0.35 0.60 1 1.50 5 8 15 20
1958-D 0.06 0.10 0.25 0.30 0.40 0.75 3 10
1936-S 0.35 0.60 1 2 5 8 15 30
1937 0.35 0.60 1 1.50 2 3 7 15
1937-D 0.35 0.60 1 1.50 3 4 15 18
1937-S 0.35 0.60 1 1.50 3 8 12 25
1938 0.35 0.60 1 1.50 3 5 9 18
1938-D 0.35 0.60 1 1.50 3 5 12 18
1938-S 0.45 0.80 1 2 3 5 15 20
1939 0.35 0.60 1 1.50 2 3 8 20
1939-D 0.35 0.60 1 1.50 3 4 12 20
1939-S 0.35 0.60 1 1.50 3 4 10 25
1866-1883 Shield Nickels
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1940 0.35 0.60 0.75 1 2 3 4.5 18
1940-D 0.35 0.60 1 1.50 2 3 10 15 1866 30 50 80 150 225 325 2000 -
1940-S 0.35 0.60 1 1.50 2 3 10 18 1867 (with rays) 40 55 100 200 250 400 3500 35000
1941 0.35 0.60 1 1.50 2 3 8 12 1867 (w/o rays) 20 30 40 65 100 150 800 -
1941-D 0.35 0.60 1 1.50 2 3 6 12 1868 20 30 40 70 100 150 800 -
1941-S 0.35 0.60 1 1.75 2 3 10 18
1869 20 30 40 70 100 150 800 10000
1942 0.35 0.60 0.75 1 1.25 3 7 12
1870 25 45 60 90 100 175 2000 10000
1942-D 0.35 0.60 0.75 1 1.25 3 10 18
1871 80 125 200 300 325 450 2500 -
1942-S 0.40 0.75 1 1.50 5 8 12 15
1943 Steel 0.15 0.30 0.5 0.60 1 3.50 25 50 1872 20 35 60 90 100 175 1750 22500
1943-D steel 0.45 0.60 0.75 1 1.50 8 25 50 1873 (closed 3) 40 60 100 150 225 300 2750 -
1943-D steel (DD) 45 60 100 150 200 300 - - 1873 (open 3) 20 35 50 75 100 150 2250 -
1943-S steel 0.20 0.50 0.75 1 3.50 12 30 65 1874 20 35 75 100 100 200 1750 -
1944 0.06 0.10 0.15 0.25 0.50 3.5 10 12 1875 30 50 85 125 150 250 1500 -
1944-D 0.10 0.20 0.25 0.30 0.50 1.75 10 15
1876 25 50 85 125 150 200 1500 -
1944-D (D/S) - - - - - 475 800 1500
1879 300 550 750 975 1000 1500 3500 14000
1944-S 0.06 0.10 0.25 0.30 0.40 1.75 8 12
1880 1000 1750 3000 6250 7000 12000 75000 -
1945 0.06 0.10 0.25 0.30 0.40 1.75 8 12
1945-D 0.06 0.10 0.25 0.30 0.50 1.50 8 15 1881 250 350 500 700 850 1000 2750 7750
1945-S 0.06 0.10 0.25 0.30 0.40 2.25 10 15 1882 15 25 40 65 95 150 700 5000
1946 0.06 0.10 0.25 0.30 0.40 1.50 7 15 1883 15 25 40 65 95 150 675 4500
1946-D 0.06 0.10 0.25 0.30 0.40 0.75 7 15 1883 (3/2) 200 350 800 1250 1500 2000 10250 22500
1946-S 0.06 0.10 0.25 0.30 0.40 1 7 12
Continued on next page
33
1866 1250 1500 1750 2000 2250 3000 5000 18000 1913-D (5¢ in recess) 18 30 40 55 65 75 300 2750
1867 (w/rays) 18000 20000 25000 35000 42750 62500 75000 - 1913-S (5¢ in recess) 425 500 600 700 750 900 4500 25000
1867 (w/o rays) 225 275 325 500 1250 2250 4500 - 1914 20 25 35 40 45 55 525 7250
1868 250 275 300 375 600 1250 2250 4250 1914/3 300 500 700 1250 2000 3000 - -
Price
1869 225 275 300 375 550 950 1500 3750 1914-D 160 200 250 300 400 500 1500 -
1870 225 275 300 375 525 1000 2500 - 1914-S 40 60 80 125 150 200 2000 -
Price
1871 225 275 300 400 550 1000 1500 6250 1915-D 35 50 100 150 200 250 1800 -
1872 225 250 300 375 500 700 1250 5000 1915-S 80 200 375 525 575 675 3500 40000
1873 (clsd 3) 225 250 300 350 500 700 1250 6500 1916 6 8 12 20 35 50 325 -
1873 (open 3) 225 250 300 350 525 825 1250 5000 1916 (dd obv) 7000 12750 25000 32000 38000 85000 - -
COINage
1874 225 250 300 350 525 825 1250 5000 1916-D 30 30 90 100 125 175 2000 -
1875 225 275 325 400 625 1250 2750 -
COINage
1883 200 250 300 350 450 675 925 1750 1919 4.50 8 15 25 50 75 500 -
The
1883-1912 Liberty Head Nickels 1919-D 30 100 250 350 450 650 6500 -
VG10 VF20 XF40 AU50 MS60 MS65 MS66 MS67 1919-S 30 100 250 375 450 625 15000 -
1920 2.75 6 15 25 35 65 800 10000
1883 (w/ Cents) 35 55 80 125 175 675 1500 15000
1920-D 25 100 275 400 450 600 6250 -
1884 35 60 100 125 200 1750 3500 14000 1920-S 20 100 225 300 450 600 - -
1885 750 1000 1500 1750 2500 12000 20000 95000 1921 8 20 40 80 100 125 800 -
1921-S 100 300 700 1250 1500 1800 7500 -
1886 425 550 700 850 1250 7250 28000 -
1923 3.50 8 15 35 45 60 625 7750
1887 25 40 75 100 150 1000 3500 - 1923-S 12 100 275 325 425 625 10250 -
1888 50 100 175 225 300 1250 7250 - 1924 3 10 25 40 50 75 750 16000
1924-D 20 100 225 325 400 525 5000 -
1889 25 50 80 125 150 850 3500 9500
1924-S 50 400 1250 1750 2000 2500 12000 70000
1890 20 40 75 100 175 1250 3750 -
1925 3.50 8 20 25 35 45 400 10000
1891 15 40 75 100 150 1250 2500 - 1925-D 30 100 150 250 300 400 5000 -
1892 15 40 75 100 150 1000 3500 - 1925-S 12 80 150 250 300 400 - -
1926 2.75 5 12 20 25 35 225 3250
1893 15 40 75 100 150 1000 3500 12500
1926-D 20 100 200 250 300 400 4500 -
1894 40 150 225 300 375 1500 2500 9500 1926-S 60 400 875 2500 3500 5000 100000 -
1895 15 40 75 125 150 2250 5500 - 1927 2.25 5 12 20 25 35 275 6000
1927-D 6 20 60 120 130 150 7000 -
1896 25 60 100 150 200 2000 9750 -
1927-S 4.50 35 100 200 325 625 20000 -
1897 6 25 50 65 100 875 3250 15000
1928 2.75 5 15 20 25 35 325 7750
1898 6 25 50 70 125 800 2250 - 1928-D 2.50 12 45 50 55 60 725 18000
1899 4 20 30 60 90 575 1500 12500 1928-S 2.50 12 30 100 175 225 3750 25000
1929 2.25 5 12 20 25 35 325 28000
1900 4 20 30 60 85 550 1500 15500
1929-D 2.25 5 35 45 50 65 1250 30000
1901 3 12 30 60 85 525 1500 18000 1929-S 6 12 35 45 55 65 325 -
1902 3 12 30 60 85 525 1250 12000 1930 2.25 5 10 20 25 30 225 -
1930-S 2.25 5 12 30 45 60 425 -
1903 3 12 30 60 85 525 1250 12000
1931-S 18 20 35 50 60 65 325 32000
1904 3 12 30 60 85 525 1000 7500 1934 2.50 5 12 18 25 45 300 4250
1905 3 12 30 60 85 525 1000 - 1934-D 2.50 10 20 25 50 60 225 4250
1935 2.50 5 8 10 12 20 125 1750
1906 3 12 30 60 85 650 3750 -
1935 (dd reverse) 90 200 800 1500 2500 5000 - -
1907 3 12 30 60 85 775 2000 -
1935-D 2.50 10 20 40 50 65 400 6000
1908 3 12 30 60 85 1000 3500 9500 1935-S 2.50 5 8 18 20 45 200 3750
1909 3 12 30 75 100 950 2500 - 1936 2.50 5 8 10 15 18 75 800
1936-D 2.50 5 6 12 18 25 125 -
1910 3 12 30 60 85 675 3750 15000
1936-D (3 1/2 legs) 1600 4000 6500 - - - - -
34 www.coinagemag.com
1893 450 650 975 1500 2250 4500 10500 - 1928-D 3 10 25 75 100 175 325 900
1928-S (large S) 4 6 12 40 80 250 400 800
1894 400 450 625 950 1500 2250 4250 10750
1928-S (small S) 3 4 6 20 40 160 300 500
1894-S 365000 500000 1200000 1850000 2350000 2900000 - -
1929 3 4 6 8 10 20 30 60
1895 400 475 675 975 1750 2000 4500 12000 1929-D 3 4 8 12 20 30 35 80
1896 400 450 650 950 1750 2000 4500 - 1929-S 3 4 6 8 20 30 45 125
1897 400 450 650 950 1500 2000 4250 12000 1930 3 4 6 8 15 30 45 125
1898 400 450 625 950 1500 2000 4250 12000 1930-S 3 4 6 20 50 80 125 200
1899 400 450 625 950 1500 2000 4500 12000 1931 3 4 6 15 25 40 70 130
1931-D 8 12 20 50 60 90 110 275
1900 400 450 625 950 1500 2000 4250 10750
1931-S 3 4 12 25 50 100 125 275
1901 400 450 625 950 1500 2000 4500 -
1934 2 2.50 4 6 10 30 40 60
1902 400 450 625 950 1500 2000 5000 15000 1934-D 2 2.50 4 15 30 40 50 80
1903 400 450 625 950 1500 2000 4750 14000 1935 2 2.50 4 5 8 10 20 35
1904 400 450 625 950 1500 2000 4500 10750 1935-D 2 2.50 4 15 25 40 50 80
1905 400 450 625 950 1500 2000 4250 10500 1935-S 2 2.50 4 6 15 25 30 40
1906 400 450 625 950 1500 2250 4250 12000 1936 2 2.50 4 5 6 10 15 30
1936-D 2 2.50 4 8 15 30 35 50
1907 400 450 625 950 1500 2250 4500 12000
1936-S 2 2.50 4 6 15 25 30 40
1908 400 450 625 950 1500 2000 4500 12000
1937 2 2.50 4 5 6 8 15 25
1909 400 450 625 975 1500 2000 4500 12000 1937-D 2 2.50 4 5 12 25 30 45
1910 400 450 625 950 1500 2000 4500 12500 1937-S 2 2.50 4 5 12 25 30 40
1911 400 450 625 950 1500 2000 4500 12500 1938 2 2.50 4 5 8 12 15 30
1912 400 450 625 950 1500 2000 5000 12000 1938-D 2 2.50 4 5 12 15 20 30
1913 400 450 625 950 1500 2000 4750 10750 1938-S 2 2.50 4 5 12 20 25 35
1939 2 2.50 4 5 6 10 15 30
1914 400 450 625 975 1500 2000 5250 14000
1939-D 2 2.50 4 5 6 8 12 20
1915 400 450 625 975 1750 2500 5500 -
36 www.coinagemag.com
1852-O 40 70 100 175 275 400 750 6250 1877-CC 50 70 90 100 150 250 450 2500
1853 (recut date) 200 400 1000 1250 2750 4250 12500 - 1877-S 25 30 35 40 60 150 250 1750
1853 350 750 1100 1250 1750 2500 3750 11000 1877-S (S/horz S) 25 60 100 150 250 350 700 4250
1853/4 30 35 40 50 150 325 900 17000 1878 25 30 35 40 60 150 275 2750
Price
1853-O 40 80 150 200 400 1000 2000 45000 1878-CC 60 90 120 140 150 250 550 3500
1854 30 50 75 85 300 1250 3000 25000 1878-S 150 300 400 450 800 1000 2000 -
Price
1854-O 25 30 35 40 75 250 475 9000 1879 175 245 300 325 375 450 575 1750
1854-O (lg O) 30 35 50 60 125 275 900 10000 1880 150 250 300 325 375 450 575 2000
1855 800 2000 3500 4250 7500 11500 - - 1881 200 250 300 330 400 450 550 2250
1855-O 30 35 40 45 75 250 475 8900 1882 225 270 300 330 400 450 600 2250
COINage
1855-S 40 75 200 250 475 1250 3000 - 1883 225 270 300 330 400 450 600 2500
1856 45 80 175 225 550 1250 2500 29500 1884 225 350 500 550 550 600 725 2250
COINage
1856-O 30 35 40 45 80 175 275 4000 1885 150 225 275 300 400 475 600 2750
1856-S 25 30 50 60 100 300 925 9000 1886 325 500 600 650 675 750 925 3250
1887 225 350 425 450 500 550 700 2500
1856-S/S 60 250 300 350 1500 2250 5000 -
1888 200 300 375 425 475 525 650 2000
1857 150 350 1000 1250 2500 3500 - -
1888-S 25 30 35 40 60 150 400 4000
1857-O 30 35 40 45 75 200 300 4000
1889 200 300 325 350 425 475 600 1750
1857-S 30 35 40 45 125 400 1000 -
1890 60 75 125 125 200 300 450 1750
1858 100 200 325 400 700 1250 3000 -
The
38 www.coinagemag.com
MORGAN DOLLARS
1885 475 625 950 1250 2250 3250 5750 15000
RARE DATE
1886 475 625 950 1250 2250 3250 6000 18000 SCARCE DATE
1887 475 625 950 1250 2250 3250 5750 18000
ChAU BU
1888 475 625 950 1250 2250 3250 6000 18000 1892-O 85. 199.
1889 475 625 950 1250 2250 3250 5750 18000 1892-CC 595. 975.
OLESALE
1893 359. 479.
1890 475 625 950 1250 2250 3250 5750 18000
WH ChAU BU
1893-O 750. 1295.
1909-S 7 12 50 100 200 300 675 2200 1919-D 75 100 425 650 800 1000 1700 3400
1910 7 20 35 75 125 200 450 1225 1919-S 75 100 275 500 575 725 1500 4000
1910-D 8 25 70 125 250 350 925 1800 1920 15 25 40 50 90 150 300 600
1911 7 15 35 75 125 200 475 1225 1920-D 50 70 125 175 225 350 800 2000
1911-D 30 100 325 500 700 950 1200 5950 1920-S 15 30 35 60 150 250 700 2300
1911-S 12 30 100 175 275 400 725 1550 1921 175 300 675 850 1150 1725 2200 3500
1912 7 15 35 750 125 220 475 1225 1923 15 20 40 50 100 150 275 600
1912-S 18 40 85 125 225 400 1000 1700 1923-S 250 400 1000 1600 2100 2750 3000 4600
1913 25 50 200 375 525 925 1125 4550 1924 15 25 35 50 100 200 275 650
1913-D 12 20 55 100 200 275 475 1225 1924-D 50 70 125 200 250 300 375 650
1913-S 1800 4000 8500 11250 14000 15250 21000 31750 1924-S 25 35 60 125 225 300 1150 2000
1914 8 15 30 75 125 200 475 1225 1925 7 8 20 45 80 150 300 600
1914-D 8 15 30 75 125 200 475 1125 1926 8 8 12 40 80 150 275 600
1914-S 125 350 650 950 1100 1425 1500 3400 1926-D 7 10 50 100 125 175 250 500
1915 8 15 35 75 125 200 475 1225 1926-S 7 10 20 100 225 350 900 2000
1915-D 8 15 35 75 125 200 475 1225 1927 7 9 12 40 80 125 250 500
1915-S 30 55 100 100 200 300 500 1225 1927-D 12 20 80 150 200 275 350 600
1916 8 15 30 75 125 200 475 1225 1927-S 30 80 325 975 2750 4500 7000 11250
1916-D 8 15 30 75 125 200 475 1225
1928 7 10 12 30 80 150 250 500
1928-D 7 10 12 30 80 150 250 525
1928-S 7 10 12 30 80 150 250 500
1929 7 10 12 30 80 150 250 500
1929-D 7 10 12 30 80 150 250 500
1929-S 7 10 12 30 80 150 250 500
1930 7 10 12 30 80 150 250 500
1930-S 7 8 12 35 80 150 250 500
40 www.coinagemag.com
1877-S 20 35 70 150 225 500 4500 15000 1882 575 700 1500 2250 3750 5500 12000 18000
1878 35 55 90 150 250 525 5000 - 1883 575 675 1500 2000 3750 5500 12000 30000
1878-CC 1000 1750 3000 4000 6500 12000 72500 - 1884 575 675 1500 2000 3750 5500 12500 42500
1878-S 35000 45000 65000 87500 92500 115000 300000 - 1885 575 700 1500 2000 3750 5500 15000 32500
1879 400 475 550 725 750 950 4500 18000 1886 575 675 1500 2000 4000 5500 14000 28000
1880 350 425 550 725 750 1000 4500 16500 1887 575 675 1500 2000 4000 5500 14500 -
1881 400 475 550 650 700 900 4500 18000 1888 575 675 1500 2000 3750 5500 12750 28000
1882 450 525 700 900 925 1000 4750 16500 1889 575 700 1500 2000 3750 5500 14500 -
1883 375 525 675 800 850 1000 4500 22500 1890 575 675 1500 2000 4000 5500 12250 28000
1884 475 600 650 775 825 1000 4500 20000 1891 575 675 1500 2000 375 5750 12250 -
1885 500 625 675 800 825 975 5250 20000
1886 525 625 700 825 875 1000 4500 20000
1887 575 675 750 975 1000 1250 5000 18000
1888 400 475 600 750 775 925 4250 15500
1889 375 450 575 725 750 1000 4250 -
1890 375 475 550 700 800 1000 4500 22500
1891 50 100 150 200 300 600 4500 40000
1860 700 800 1750 3500 7000 12500 35000 - 1892-O 300 450 625 725 775 1250 5500 28000
1861 675 800 2000 3500 7000 12500 35000 - 1892 (micro o) 5500 10000 14000 18000 20000 28000 100000 -
1862 675 800 2000 3500 7000 12750 25000 - 1892-S 225 400 600 750 825 1250 5250 25000
1863 675 775 1750 3500 7000 15000 25000 50000 1893 25 50 150 275 375 575 4500 22000
1864 675 750 2000 3500 7000 14000 - - 1893-O 35 100 250 400 475 700 8500 -
1865 675 750 2000 3500 7000 18000 35000 - 1893-S 175 300 775 1000 1500 2250 22500 -
1866 (w/motto) 650 725 1500 2250 4500 7500 14000 28000 1894 35 75 225 300 375 575 3750 38000
1867 650 725 1500 2250 4500 8500 14500 - 1894-O 25 50 225 375 475 725 6500 40000
1894-S 25 50 150 300 425 725 9250 35000
1868 650 725 1500 2250 4750 7000 14250 50000
1895 25 50 175 275 400 650 4000 25000
1869 675 750 1500 2250 4250 5750 14000 28500
1895-O 30 75 225 350 500 800 7500 48000
1870 650 725 1500 2000 4750 6250 22000 -
1895-S 35 100 275 375 450 725 7750 48000
1871 650 725 1500 2250 4500 6250 12500 30000
1896 25 50 175 325 425 700 5000 30000
1872 675 750 1500 2250 4500 7000 - -
1896-O 50 125 500 1250 1500 4000 25000 75000
1873 (clsd 3) 650 725 1500 2250 4500 8000 15000 -
1896-S 125 225 475 1000 1250 2250 10000 58000
1873 (w/arrows) 1000 1250 2750 4250 12000 32500 52500 -
1897 25 50 125 250 400 575 3500 30000
1874 1000 1250 2500 4500 12000 28000 40000 -
between issues
of COINage
w w w. coi n ag e m ag. com
FREE PRICE LIST
of Spanish Empire and Colonies
including Cobs, Gold and Silver Coins
(www.facebook.com/pages/COINage-magazine/ of Mexico and the Philippines
208751347999?sk=wall) M & R Coins
P.O. Box 6, Dept C:A
Palos Heights, IL 60463-0006
(708) 361-9523
(twitter.com/#!/coinagemag)
42 www.coinagemag.com
1909 15 30 100 200 375 525 3250 - 1905 600 675 1250 2000 3500 5000 8750 20000
1909-O 20 50 200 450 700 1250 5250 25000 1906 600 675 1250 2000 3500 5000 8750 20000
1909-S 18 30 125 300 450 750 4250 15000 1907 600 675 1250 2000 3500 5000 8750 20000
1910 25 50 225 375 500 775 3750 - 1908 600 675 1250 2000 3500 5000 8750 16000
1910-S 20 40 125 250 425 825 6500 20000
1909 600 675 1250 2000 3500 5000 8750 16000
1911 15 25 100 200 375 525 3250 18000
ONLY
$4.00
Limit One
Send $4.00 and get
one old U.S. BarBer
QUarter minted before www.TomCederlind.com
1917. FULL DATE AG or Better.
Dates and grades our choice.
We will ALSO send better U.S. coins for you to
examine for 15 days. Return any you do not wish to
purchase.
Send name, address and $4.00 to: Free Price List oF PhiLiPPine
PaLisades iNterNatiONaL CO. coins & PaPer Money
P.O. Box 326, Succasunna, NJ 07876 Under spain and the U.s.
State�������������������������Zip �������������������
44 www.coinagemag.com
G04 VG10 VF20 XF40 AU50 AU55 MS63 MS65 1841 275 325 375 425 675 975 2500 5000
1795 1500 2500 5000 10250 15000 22500 250000 450000 1842 175 300 350 400 575 925 2250 5000
1796 (sm dt, sm let) 1500 3000 5250 10250 14500 22500 550000 1200000 1843 175 300 350 400 575 925 2500 5000
1796 (lg dt, sm let) 1500 3000 5250 10250 14500 22500 550000 1200000 1844 175 300 350 400 775 1500 4750 9500
1796 (sm dt, lg let) 1500 3000 5250 10250 14500 22500 550000 1200000 1845 275 350 400 425 775 1750 8750 17500
1797(9x7, sm) 1750 3250 7750 15750 30750 50000 - - 1846 250 325 375 425 625 1000 2500 5000
1797(9x7, lg) 1750 2500 5750 10250 14500 30000 - - 1846-O 250 325 400 425 775 1500 7000 14500
1797(10x6) 1500 3000 4750 9500 14000 25000 275000 - 1847 250 325 375 425 575 975 2750 5000
1848 325 425 550 675 1000 1750 4500 9000
1798 (13 strs, sm egl) 1500 2500 7250 14500 25000 40000 105000 125000
1849 250 325 375 425 675 1000 2500 5000
1798 (15 strs, sm egl) 1500 3000 7750 15000 22500 40000 105000 125000
1850 425 625 850 1000 1750 2750 6750 13500
1798(heraldic, k9) 875 1250 2750 4500 8250 12000 - -
1850-O 300 400 550 725 1500 3250 13000 25000
1798(heraldic, k9, a10) 875 1250 2750 4500 8250 12000 - -
1851 4750 8500 12500 14750 20000 27250 40000 80000
1798(heraldic, p9,a) 875 1250 2750 4500 8250 12000 - -
1852 4250 7000 10250 12750 17000 26750 40000 75000
1798(heraldic, p9,b) 875 1250 2750 4500 8250 12000 - -
1853 300 400 525 625 1000 1500 3250 6250
1799/8 (13 stars) 875 1250 2750 4500 8250 12000 - -
1854 975 2000 2500 2750 3750 5250 8750 17500
1799/8 (15 stars) 875 1250 2750 4500 8250 12000 - -
1855 975 1500 2000 2250 3750 4750 7250 14500
1799 (odd dt, 13 str) 875 1250 2750 4500 8250 12000 - -
1856 375 475 600 725 1500 3250 4750 9500
1799 (odd dt, 15 str) 875 1250 2750 4500 8250 12000 - -
1857 350 475 600 725 1500 2750 4250 8750
1799 (normal dt) 875 1250 2750 4500 8250 12000 100000 475000
1859 275 375 475 500 725 1500 2750 7250
1800 875 1250 2500 4500 8250 12000 - -
1859-O 250 300 375 425 575 925 2250 5000
1800 (wide dt) 875 1250 2500 4500 8250 12000 - -
1859-S 325 475 675 825 1750 3250 12250 27250
1800 AMERICAI 875 1250 2500 4500 8250 12000 - -
1860 225 350 450 500 625 925 2250 5000
1800 AMERICAI (wide dt) 875 1250 2500 4500 8250 12000 - -
1860-O 275 300 375 425 575 875 2000 3750
1800 (12 arrows) 875 1250 2500 4500 8250 12000 - -
1861 650 925 1000 1250 1500 3750 4750 7250
1800 (dotted date) 1000 1750 2800 4800 - - - - 1862 550 850 1000 1250 1500 4250 5250 7250
1801 875 1250 2500 4750 8250 15000 - - 1863 725 850 1000 1250 1500 2000 3250 6750
1802 (closed) 875 1250 2500 4750 7750 15000 - - 1864 375 450 550 675 975 1750 3250 8250
1802 (wide) 925 1500 2750 4750 9500 15000 - - 1865 350 425 550 625 1500 2250 3750 9500
1802/1 (narrow date) 975 1500 2500 4750 8750 15000 - - 1866 225 350 450 525 825 1250 2250 5250
1802/1 (wide date) 975 1500 2750 5500 10750 15000 - - 1867 225 325 450 500 825 1250 2500 5750
1803 (lg 3) 975 1500 2750 4750 8750 12000 - - 1868 225 350 450 525 825 1250 2250 5250
1803 (sm 3) 975 1500 2750 4750 8750 12000 - -
between issues
of COINage
w w w. coi n ag e m ag. com
FREE
PRICE LIST
(www.facebook.com/pages/COINage-magazine/ OF ENGLISH
208751347999?sk=wall) COINS
M&R COINS
P.O. Box 6
Palos Heights, IL 60463-0006
(708) 361-9523
(twitter.com/#!/coinagemag)
1846 12500 15000 20000 30000 47500 150000 175000 - 1874-S 150 200 300 375 1000 2750 20000 -
1847 13750 18000 20000 25000 35000 65000 - - 1875 375 475 850 1000 2500 6250 25000 70000
1848 13750 18000 22500 32000 42500 70000 115000 150000
1875-CC 325 500 650 875 2500 5250 40000 -
1849 18500 22500 25000 40000 50000 90000 125000 175000
1875-S 150 200 300 350 1000 2500 12250 72500
1850 13500 14500 20000 30000 35000 67500 80000 -
1875-S/CC 375 600 1000 1750 4250 20000 75000 -
1851 restrike 22500 25000 28000 35000 48000 70000 140000 -
1852 30000 32000 38000 42500 50000 80000 - - 1876 150 200 300 350 1000 2500 12000 75000
1852 restrike 28000 30000 35000 40000 55000 90000 - - 1876-CC 400 625 800 1500 7500 25000 82500 -
1853 25000 32500 40000 52500 70000 130000 - - 1876-S 150 200 300 350 1000 2500 15000 -
1854 12500 14000 16500 20000 25000 55000 65000 -
1877 150 200 300 375 1000 2500 22250 -
1855 10000 12000 13000 18000 25000 50000 62500 -
1877-CC 400 675 1000 1250 3250 12000 85000 -
1856 6250 7750 9000 12750 22000 40000 - -
1877-S 150 200 275 375 1000 2500 14000 68000
1857 5000 6750 7750 12250 17500 35000 52500 -
1858 10250 10500 12500 16000 25000 42500 52500 - 1878 -CC 700 2000 4250 5750 18000 36250 150000 -
City�����������������������������������������������
State�������������������������Zip ������������������
(twitter.com/#!/coinagemag)
46 www.coinagemag.com
1878 (7 feathers) 45 50 55 60 70 80 125 125 1885-CC 625 660 665 670 675 835 935 1250
1886 30 - 35 40 45 50 70 175
1878 (7/8 feathers) 45 50 55 80 100 125 300 3000
1886-O 40 45 50 80 500 1000 3475 185000
1878-S 40 45 50 55 - 60 80 400
1886-S 60 90 125 155 250 365 585 3500
1878-CC 105 115 135 175 225 400 475 1750
1887 35 - - 40 45 50 70 175
1879 40 45 50 55 - 60 80 800 1887-O 35 - 40 45 60 70 250 2500
1879-O 40 - 45 50 70 100 225 4000 1887-S 35 - 40 45 80 145 450 2500
1879-S 40 - 45 50 55 60 100 400 1888 35 - - 40 45 50 70 250
1880-CC (80/79) 650 725 825 875 925 975 1500 4000 1890-O 35 - 40 55 60 80 115 2925
1890-S 35 - 40 45 55 70 100 1400
Approval
Special
Only $14.00 Buying & Selling
World Coins, Tokens, Medals, Paper Money
1891-CC 100 110 145 210 300 425 775 5625 1903-S 100 215 400 1850 3000 4250 6775 12250
1892-S 40 145 335 1850 13000 46500 69000 215000 1904-S 45 85 215 600 1000 1725 5025 12000
1892-CC 200 310 515 775 1100 1500 2200 9750 1921 30 35 40 - 45 50 65 200
1893 240 250 300 435 550 800 1300 9600 1921-D 30 35 40 - 45 50 80 425
1893-O 210 360 550 950 1500 3600 7250 200000 1921-S 30 35 40 - 45 50 1000 1750
COINS.NET
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1855-C 700 1000 1500 1750 3750 8250 25000 110000 1804 (13 stars) 15000 50000 100000 140000 180000 275000 - -
1855-D 2500 4000 5000 5500 12000 20000 50000 90000 1804 (14 stars) 3000 4500 7500 8500 12500 15000 20000 30000
1805 3000 4500 7500 8500 12500 15000 20000 30000
1855-O 400 475 525 550 950 1500 8000 25000
1806/4 3000 4500 7500 8500 12500 15000 20000 30000
1856-S 400 700 900 925 1500 2250 7500 30000
1806/5 7000 10000 13500 15000 18000 40000 60000 90000
1856 (up 5) 175 225 250 275 300 375 725 2250
1807 3000 4500 7500 8500 12500 15000 20000 30000
1856 (slant 5) 175 200 225 250 275 300 550 975
1808 3000 4500 7500 8500 12500 15000 20000 30000
Continued on next page
49
1821 2000 5000 7500 8500 12750 15000 20000 30000 1818 STATESOF (1 word)1000 4000 6000 7250 10000 15000 20000 45000
1824/1 2000 5000 7500 8500 12750 15000 20000 30000 1818 (5D/50) 1000 4000 6000 7250 10500 15000 25000 50000
1826/5 5000 8000 10500 11500 15000 25000 45000 65000 1819 9000 15000 30000 45000 60000 75000 90000 -
1827 2000 5000 7500 8500 12750 15000 20000 30000 1819 (5D/50) 18000 25000 32500 45000 60000 75000 90000 140000
1829 1000 4000 6500 7250 8750 12000 15000 20000 1820 (curve, sm letters) 1000 4000 6750 10500 12750 15000 18000 40000
1830 1000 4000 6500 7250 8750 12000 15000 20000 1820 (curve, lg letters) 1000 4000 6500 8000 10000 15000 20000 40000
The COINage Price Guide
1831 1000 4000 6500 7250 8750 12000 15000 20000 1820 (sq base, lg letters) 1000 4000 6500 7750 9000 12000 18000 30000
1832 1000 4000 6500 7250 8750 12000 15000 20000 1821 8000 12000 30000 50000 60000 100000 145000 215000
1834 3000 6000 12000 14000 18000 30000 50000 70000 1823 4000 7000 9250 14500 15000 20000 25000 50000
1795-1812 Capped Bust Half Eagles Gold 1824 8000 12000 20000 30000 40000 50000 70000 125000
1825/1 8000 12000 20000 30000 40000 50000 70000 125000
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
1826 5000 8000 14000 18000 25000 30000 40000 70000
1795 (sm eagle) 9000 15000 20000 22250 30000 40000 65000 170000
1827 10000 16000 20000 30000 35000 45000 60000 90000
1795 (heraldic) 8000 12000 18000 20000 30000 50000 85000 165000
1828/7 15000 30000 60000 100000 125000 175000 250000 430000
1796/5 9000 15000 20000 25000 40000 60000 100000 215000
1829 (lg date) 9000 15000 30000 70000 90000 125000 180000 335000
1797 (sm eagle, 15 stars) 15000 22250 32500 40000 60000 90000 240000 - 1829 (sm date) 15000 30000 70000 140000 165000 200000 275000 460000
1797 (sm eagle, 16 stars) 10000 18000 30000 40000 50000 75000 215000 - 1830 (sm 5D) 9000 15000 25000 35000 40000 50000 60000 90000
1797/5 (heraldic) 8000 12000 20000 25000 45000 70000 185000 - 1830 (lg 5D) 9000 15000 25000 35000 40000 50000 60000 90000
1798 (sm 8) 1000 4000 6000 7000 12000 18000 35000 75000 1831 (sm 5D) 9000 15000 25000 35000 40000 50000 60000 90000
1831 (lg 5D) 9000 15000 25000 35000 40000 50000 60000 90000
1798 (lg 8, 13 stars) 2000 3750 5000 5500 8500 15000 50000 -
1832 160000 220000 275000 375000 525000 - - -
1798 (lg 8, 14 stars) 2000 3750 5000 6500 12000 25000 110000 -
1833 (lg date) 9000 15000 25000 35000 40000 50000 60000 90000
1799 2000 3500 4500 5250 7250 12000 25000 60000
1833 (sm date) 9000 15000 25000 35000 40000 60000 90000 145000
1800 2000 3500 4500 5250 6500 8000 15000 30000
1834 (plain 4) 9000 15000 25000 35000 40000 50000 60000 90000
1802/1 2000 3500 4500 5250 6500 8000 15000 30000 1834 (crosslet 4) 10000 18000 27500 37500 45000 65000 90000 120000
1803/2 2000 3500 4500 5250 6500 8000 15000 30000 1795-1804 Capped Bust Eagles Gold
1804 (sm 8) 2000 3500 4500 5250 6500 8000 18000 30000 G04 VG10 VF20 XF40 AU50 AU55 MS60 MS63
1804 (lg 8) 2000 3500 4500 5250 6500 8000 18000 30000 1795 (13 leaves) 12000 22500 30000 45000 50000 70000 100000 275000
1805 2000 3500 4500 5250 6500 8000 15000 30000 1795 (9 leaves) 20000 35000 50000 75000 125000 175000 215000 450000
1806 (pt 6) 2000 3500 4500 5250 6500 8000 15000 30000 1796 15000 25000 40000 50000 60000 80000 125000 500000
1806 (rd 6) 2000 3500 4500 5250 6500 8000 15000 30000 1797 (sm eagle) 18000 30000 50000 60000 100000 125000 225000 600000
1807 2000 3500 4500 5250 6500 8000 15000 30000 1797 (heraldic) 7000 10000 15000 18000 35000 45000 60000 125000
1807 (left bust) 1750 2500 3500 4250 5250 8250 12750 25000 1798 (stars: 9 lt, 4 rt) 10000 18000 30000 40000 75000 100000 118000 275000
1808 1750 2500 3500 4250 5250 8250 12750 25000 1798 (stars: 7 lt, 6 rt) 20000 35000 50000 80000 125000 175000 250000 525000
1799 (sm stars) 4000 7000 12000 15000 18000 22500 30000 60000
1808/7 1750 2500 4000 5000 6000 8500 15000 30000
1799 (lg stars) 4000 7000 12000 15000 18000 22500 30000 60000
1809/8 1750 2500 3500 4250 5250 8250 12750 25000
1800 4000 7000 12000 15000 20000 25000 30000 80000
1810 (sm date, sm 5) 9000 15000 30000 40000 50000 80000 170000 -
1801 4000 7000 12000 15000 18000 22500 30000 60000
1810 (sm date, lg 5) 1750 2500 3500 4250 5250 8250 15000 25000
1803 (sm stars) 4000 7000 12000 15000 18000 22500 30000 60000
1810 (lg date, sm 5) 15000 25000 35000 40000 70000 85000 165000 -
1803 (lg stars) 4000 7000 12000 15000 18000 22500 30000 60000
1810 (lg date, lg 5) 1750 2500 3500 4250 5250 8250 12750 25000
1804 9000 15000 25000 35000 50000 60000 80000 140000
1811 (sm 5) 1750 2500 3500 4250 5250 8250 12750 25000
1811 (lg 5) 1750 2500 3500 4250 5250 8250 12750 25000
50 www.coinagemag.com
1908-1915 Indian Head Eagles Gold Proofs 1925 - 1650 1700 1750 1850 2500 35000 -
PR60 PR61 PR62 PR63 1925-D 2500 3000 3750 5500 14000 110000 - -
1908 8000 10000 15000 25000 1925-S 2750 3500 5000 10500 18000 175000 375000 650000
1909 8000 10000 15000 25000 1926 - 1650 1700 1750 1850 2500 30000 -
1910 10000 12000 17500 27500 1926-D 8000 12000 14000 18000 25000 220000 - -
1911 8000 10000 15000 25000 1926-S 2250 2250 2500 3000 6000 30000 - -
1912 8000 10000 15000 25000 1927 - 1650 1700 1750 1850 2500 20000 -
1913 8000 10000 15000 25000 1927-D - - 480000 650000 1550000 2000000 3250000 -
1914 8000 10000 15000 27500 1927-S 7000 12000 15000 27500 48000 185000 360000 -
1915 10000 12000 17500 25000 1928 - 1650 1700 1750 1850 2500 15000 -
1929 7500 12000 16000 22500 40000 92000 - -
1930-S 20000 32500 52500 75000 125000 220000 - -
1931 12000 17000 22500 37500 78000 115000 375000 -
1931-D 15000 18000 24000 38000 82000 138000 - -
1932 14000 17500 22000 30000 75000 110000 - -
1909 15000 18500 35000 56000 105000 128000 225000 280000 1990-P 300 325 475 700
1910 15000 16000 32000 48000 100000 118000 190000 260000 1991-P 300 325 450 600
1911 15000 16000 32000 48000 98000 148000 265000 - 1992-P 300 325 475 700
1912 15500 18500 35000 50000 100000 150000 265000 - 1993-P 300 325 500 825
1913 15500 18500 35000 53000 110000 160000 265000 - 1994-W 300 325 475 650
The COINage Price Guide
1914 15500 20000 36500 57000 100000 160000 275000 - 1995-W 300 325 475 650
PR66 PR67 PR68 PR69 PR70 2003-W 300 325 425 600
1988-P 125 135 150 185 325 2004-W 300 325 475 625
1989-P 125 135 150 185 325
2005-W 300 325 475 625
1990-P 125 135 150 185 275
1991-P 125 135 150 185 275 2006-W 300 325 450 550
1992-P 125 135 150 185 275 2007-W 300 325 450 550
1993-P 125 135 150 185 250 2008-W 300 325 475 675
1994-W 125 135 150 185 250
2010-W 300 325 475 575
1995-W 125 135 150 185 250
1996-W 125 135 150 185 250 2011-W 300 325 450 600
1997-W 125 135 150 185 250 2012 300 325 450 575
1998-W 125 135 150 185 300 2013 300 325 450 600
1999-W 125 135 150 185 250
2014 300 325 450 575
2000-W 125 135 150 185 250
2001-W 125 135 150 185 400 2015 300 325 400 500
1988-2016 Gold Eagles $10 Quarter Ounce Proofs 1993-P 575 625 750 1000 15000
PR67 PR68 PR69 PR70
1994-W 575 625 700 950 1500
1988-P 300 325 475 650
1989-P 300 325 475 675 1995-W 575 625 700 950 1250
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1996-W 575 625 700 875 1000 2004-W 1500 1750 2400
1997-W 575 625 700 900 1500 2005-W 1500 1650 2000
1998-W 575 625 700 875 1250 2006-W 1700 1750 2000
1999-W 575 625 700 875 2250 2006-W (rev) 2500 2750 4000
2000-W 575 625 700 900 1000 2007-W 1500 1650 2000
2002-W 575 625 700 875 1000 2010-W 1500 1650 2100
2003-W 575 625 700 875 1000 2011-W 1500 1650 2300
2004-W 575 625 700 875 1000 2012-W 1500 1650 2000
2005-W 575 625 700 875 1000 2013-W 1500 1650 2000
2006-W 575 625 700 875 1000 2014-W 1500 1650 2000
2007-W 575 625 700 875 1000 2015-W 1500 1650 1750
54 www.coinagemag.com
With the Treaty of Luneville signed in Feb- Secretary of State John Marshall, 46,
ruary, Austria and Germany ceded the left was named chief justice of the United States
bank of the Rhine River to France and recog- in 1801.
nized the Batavian, Helvetian, Cisalpine and Over the next 34 years, Marshall’s court
Ligurian republics, all controlled by Napoleon would establish fundamental principles for
and his relatives. interpreting the U.S. Constitution.
That left only Britain to fight against France, Marshall was born in Germantown, Vir-
and a treaty in 1802 ended those hostilities. ginia, on Sept. 24, 1755, and was the eldest
of 15 children. His family moved to Fauquier
The Mint produced slightly more than County, Virginia, and lived as pioneers. Mar-
2.5 million coins in 1801, and 1.3 million of shall’s parents provided his early education.
them were cents. Marshall served in the Continental Army
The 1801 Draped Bust large cent was cre- during the American Revolution, rising to
ated by Mint Engraver Robert Scot and based the rank of captain. His only formal education
on a design sketched by painter Gilbert Stuart. came in 1779, when he spent a year studying
PUBLIC DOMAIN
According to numismatic researcher Walter law at the College of William and Mary.
Breen, Stuart hated the way the coins turned He was admitted to the bar in 1780 and
out and his family would conceal his part in began practice on the frontier before mov-
First Vice President and second President of the design for decades after his death. ing to Richmond, Virginia, where he quickly
the United States John Adams
The busty Miss Liberty pictured on the 1801 became one of the state’s leading lawyers.
they urged them to send back “all the flags large cent looks just fine to modern collectors, As a member of the Virginia Assembly from
and medals which you may have received and this date is affordable and offers some 1782 to 1791, Marshall worked for ratification
from your old fathers the French and Span- interesting die varieties. of the U.S. Constitution and became a rising
iards. It is not proper since you have become There is one obverse die with a “pointed first star in the Federalist Party.
the children of the great chief of the seventeen 1” in the date. There is another “pointed first 1 George Washington nominated him to be
great nations of America.” with three errors” variety: On the reverse, the U.S. attorney general in 1795, but Marshall
On March 1, 2004, the U.S. Mint revived “U” in UNITED is messed up, the wreath has declined. He also declined appointment as a
Reich’s design and launched sales of the 2004 only one stem and the fractional denomina- minister to France.
Jefferson Peace Medal nickel, the first of the tion is listed as 1/000 instead of 1/100. But President John Adams managed to per-
Westward Journey Nickel series. There also are “blunt 1” varieties and a suade Marshall to serve as a diplomat to
The 2004 coins were offered in two-roll sets “blunt 1 with three errors,” which is consid- France in 1797, and his reputation for having
(one from Philadelphia and one from the ered rare. a first-class intellect grew.
Denver Mint) and in bags of 500 and 1,000 The 1801 large cents are priced at about Marshall was elected to the U.S. House of
coins. Two-roll sets were priced at $8.95, bags $100 in Good and $400 in Fine, with the Representatives in 1799 and quickly became
of 500 coins were $45.95 and bags of 1,000 scarcer varieties commanding higher prices. the spokesman for the Federalist Party. In
coins were sold for $79.95. In the grade of AU-55, the prices of these 1800, he became secretary of state in the
cents start at about $7,500. Cabinet of President Adams, who then
It was a very bad year for the Roman
Catholic faith.
The United Kingdom of Great Britain and
Ireland was created on Jan. 1, 1801, when the
British Parliament passed the Act of Union.
The act placed Ireland under the control of
a single Parliament in Britain, an action that
most Irish Catholics dreaded.
British Prime Minister William Pitt the
Younger demanded that provisions be insti-
tuted to protect Roman Catholics from dis-
crimination. When King George III refused,
Pitt resigned.
Meanwhile, the Holy Roman Empire in
HERITAGE
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PUBLIC DOMAIN
February 2017 57
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PUBLIC DOMAIN
February 2017 59
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PUBLIC DOMAIN
February 2017 61
Give it a Grade
I
n an article by Joshua McMorrow-Hernandez, he states simply, in cash transactions that end up as pocket change.
“Coin grading is the process you go through to judge a coin’s state • Grades 60 through 70 are uncirculated coins, like the ones you’ll
of preservation based on the amount of wear it has.” find (or purchase) in a roll, set or bag from the U.S. Mint.
That might be an oversimplification, but it gets the point across: In the middle of those two categories lie 50-59, “about uncircu-
Wear—how much rubbing a coin has undergone—is the number one lated.” The coins show traces of light wear on many of the high points,
mark of a coin’s grade. Knowing how to grade your own coins is one and at least half of the original mint luster is still present.
of the most important skills a coin collector can learn, but it is a skill Each of those three categories contains its own “mini scale.” For
that takes practice and time. example, the circulated coins category ranges from P-1 to EF-49, with
When you are able to start grading coins, you can: varying points on the mini scale in between—Good, Fine, Extremely
• more easily determine your coins’ value; Fine, etc.
• know what to pay for coins at a coin dealer or online site; and Test Your Skills
• better determine the quality of a coin for yourself. Coin grading is a much broader topic than we can cover here. It is
The main reason for grading a coin is to get an idea of the coin’s also not an exact science. Keeping with the basics, give each of the
market value based on its original mint strike, how well the metal pictured coins a “word” grade, either circulated or uncirculated. Then
itself has been preserved, and how worn the coin has become since use the photos to help determine whether some of the coins in your
it was minted. collection are circulated or uncirculated.
The wear is based on a numerical grading scale, the Sheldon Scale, You probably already have a good idea about the grade of most
ranging from 1 to 70. of your coins, but this type of practice can only make you a more
• Grades 1 through 49 are circulated coins, like the ones you receive knowledgeable collector.
1 2 3
4 5 6
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Valley View.indd 63 12/15/16 9:05 PM
Numismatic Notebook
NEW COMMEMORATIVE
Lions Club International to Be Honored
[PHILADELPHIA, PENNSYLVANIA] The United States Mint will strike
and issue up to 400,000 silver dollar coins with designs representative of
the Lions Clubs International centennial.
The coin’s obverse features a portrait of founder Melvin Jones paired
with the Lions Clubs International logo. It is inscribed with “LIBERTY,”
“IN GOD WE TRUST,” “MELVIN JONES,” “FOUNDER,” and “2017.” The
obverse was designed by United States Mint Artistic Infusion Program
(AIP) Designer Joel Iskowitz and sculpted by United States Mint Sculptor-
Engraver Joseph Menna.
COIN EXPO
Something for Everyone in Long Beach
[LONG BEACH, CALIFORNIA] The first of three Long Beach Expo shows is scheduled to run
from Feb. 16 through Feb. 18. The show’s hours are Thursday
10 a.m.-7 p.m., Friday 10 a.m.-7 p.m. and Saturday 10 a.m.-5
p.m. (limited dealers).
In addition to all of the coins and collectibles available for
sale, the Long Beach Expo often features special attractions,
like the Ship of Gold exhibit. There are also several other
activities and attractions for collectors of all levels and ages,
including:
• hundreds of dealers on an active bourse floor
• a multi-million dollar Signature Auction held by Heritage
Auction Galleries
• onsite coin grading by PCGS
• the Young Numismatists Treasure Hunt
• Kids Corner, hosted by the Long Beach Stamp Club
• seminars, educational forums and club meetings
The Expo is a great place for dealers to do business with each other, and for collectors to
establish lasting business relationships with dealers.
ON DISPLAY
Princeton Opens Permanent Coin Collection
[PRINCETON, NEW JERSEY] Members of the Princeton University Art Museum Student
Advisory Board (SAB) recently opened a permanent collection of ancient and medieval coins
at the museum.
The collection emphasizes the importance of numismatics and reflects the university’s
extensive collection of coins, said Dr. Alan Stahl, the university curator of numismatics.
The SAB consists of students dedicated to promoting student involvement at the
museum. Three undergraduates, Daniel Elkind, Constantin Weickart and Hannah Bau-
mann led the effort to create a more extensive gallery of coins at the library.
With more than 110,000 coins in its collections, the university has the largest coin collec-
tion of any university in the country. The assemblage includes coins, tokens, paper money,
medals and decorations.
“[The coin collection] is there primarily for educational use,” Stahl said. He added that
permanent nature of the exhibit makes it open to outside scholars for their research.
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Beckett Subs.indd 65 12/28/16 1:41 PM
NOTICE TO COIN BUYERS
In looking at advertisements in COINage Magazine, the INDEX TO ADVERTISERS
reader should be aware that there is no precise or exacting
science for grading coins. Opinions of two viewers of Air-Tite Hol ders ..............................................59 Govmint ...........................................................9
the identical coin can, and do, differ, even when they are
those of experts, because perceptions as to the state of
preservation are not always identical. Antiques & Coins ...........................................39 Hobby Coin Exchange ....................................41
For grades that are circulated, there tend to be several
well-defined and uniform criteria that are utilized, but
the grades themselves may be different, because they Anything Any where ........................................47
represent an impression or indication as to the amount of
Kierstead Rare coins ......................................39
wear on a coin.
Uncirculated coins have no visible signs of wear, though Jack H. Beymer ........................................12, 27
they may have blemishes, bag marks, rim nicks, tarnish, Long Island Numismatics ..............................43
or may even be weakly struck (which often resembles
wear). In uncirculated condition, there are many different
Thomas B. Cederlind ......................................44
grading opinions, some of which are described adjectively,
M & R Coins & Stamps ................42, 43, 44, 45
others with numbers. Not all numbers have the identical
meaning. This depends on the grading standard utilized.
The value of the item to the buyer should be determined ChestnutCoi ns...............................................47
by the price, not the grade. Your examination of and McQueeney Coins ..........................................37
satisfaction with the coin should be the criterion, not the
grade represented by the seller, or a determination made Coast to Coast Coins ..................................... C4
by another. Norwood Coin Co. .................................... 16-17
Your best protection is your own knowledge and the trust
that has developed between you and the dealer over a Davisson’s ......................................................45
series of mutually satisfactory transactions.
All advertisers in COINage Magazine agree to a seven-day Palisades ..................................................44, 46
unconditional money-back guarantee for all items with Eagle ..............................................................57
the exception of bullion and bullion-like coinage, whose
dominant price element consists of the value of its pre- Pioneer Gem Corp..........................................48
cious metal.
Eastern Numi smatics .....................................61
If you are displeased with the purchase from an
advertiser in COINage Magazine and do not receive proper
satisfaction, please contact our advertising service depart- Simmons Scientific ........................................43
ment immediately. E & T Kointainer .............................................57
Standards for grading by advertisers must specify which
guideline or system is utilized. The notification may be Sarosi.............................................................13
within the context of the advertisement (if it varies from Empire Rare Coins .........................................48
item to item), or by means of the following symbols:
A American Numismatic Assoc. Grading Guide; N NCI;
N.F. String & Son Inc. ....................................41
NGC Numismatic Guaranty Corp. of America; P Photo- Estate Whol esalers .........................................42
grade;
PCGS Professional Coin Grading Service; PCI; ANACS;
ACG G & F Coin Galleries ................................. 4-5, 7 Universal Coin & Bullion, Ltd. ................. C2, C3
Some of these names are registered trademarks, or are
used under license. All uses in COINage Magazine shall be
strictly in accordance with such authorized use.
Gobrecht Numismatics ............................ 12-13 Valley View Coins ...........................................63
Any other grading standard or system utilized must be
specified. A combination of any of the above standards
may also be used if specified. If there is no symbol,
or other explanation, the reader must assume that the
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