eCollector - Nov. 6, 2002 | Vol. 3 Number 23 


 

Market Report

Gold, PCGS Set Registry Coins Lead Sizzling Market into November
Jittery economy not affecting coin market in any appreciable way. What is selling in the gold market? Anything that's round! PCGS Set Registry is on the brink of 4,500 registered sets... and counting. Baltimore show, Bowers & Merena auction this week. Click here to read more.

Set Registry Spotlight

Gorrell Collection - The Number One Finest Flying Eagle Cents, Proof (1856-1858)
A small four coin set, but what a set it is! The owner of the Gorrell Collection has managed to secure four Proof 65s, three of which have had no coins graded higher. The Gorrell Collection is a relatively new addition to the Set Registry and now outranks the winner of the 2002 Set Registry Awards. He will be tough to beat with only three other 1856s existing in PR66. Click here to view.

New composites to the PCGS Set Registry are Mint Sets 1960-1964 and the 1964 Proof Set with Accented Hair Half Dollar. $10 Gold Indians, Saint Gaudens $20s, and the 12 piece Gold Type Set have now been weighted. Visit the Set Registry News page for the weighting queue and further updates.

In January, PCGS will launch the new Canadian Coin Set Registry at the New York International Numismatic Convention. The first sets listed will be those of the incredible Belzberg Collection, the finest Canadian coin collection ever assembled. The Belzberg Collection goes up for sale by Heritage Numismatic Auctions on January 13th in New York City. Click here for details.

Fun, informative, and sometimes controversial, the PCGS Set Registry Messageboard remains the number one coin forum on the Internet. Get involved with other collectors who are currently participating in the Set Registry program or are just beginning. Click here to chat on the Set Registry Messageboard.

The PCGS Set RegistryTM is a work in progress. If you have any suggestions or comments please email [email protected].

Building a Proof Flying Eagle cents set? Go to the Authorized Dealer link on PCGS and click on Small Cents in Specialties. Looking for dealers with Internet sites? Click on the Internet sites link in services. Search for more than 1,000 dealers in the PCGS Authorized Dealer listings.

Expert's Corner

Proof Flying Eagle Cents
Mint State or Proof? Original or restrike? When it comes to Flying Eagle cents, the distinctions are hard to make. Thanks to the prolonged reuse and apparent repolishing of dies, even the experts sometimes disagree on whether a given Flying Eagle is a Proof or an Unicrculated business stike. As interest in Flying Eagles rises, more research is needed to catalog the die combinations, die states and issue times of these often misunderstood coins. Click here to read more.

Collector's Survey
Here are five great coins! No, there's not a 1933 $20 or an 1804 silver dollar here, but they're still major numismatic classics. If you couldn't sell the coin you choose (for free!), which one of these five would grace your collection for the rest of your life?

  1. The 1870-S half dime! I want a coin that is unique, shrouded in mystery and will make every half dime collector in the world green with envy.
  2. The 1873-CC No Arrows dime! This one is unique, too, plus it has the great pedigree from Eliasberg and the magic Carson City mintmark.
  3. The 1796 half dollar in PCGS MS66! What a coin! It's not only the greatest of the great as a type coin in all grades combined, this one is also the finest known by a mile.
  4. A 1794 Silver Dollar in MS66! Yes, there are two of them graded, but I don't care as I'd gladly take either one for my collection.
  5. The 1796 No Stars Quarter Eagle. PCGS MS65. What could be better than the first $2 1/2 gold piece in Gem condition! This one is the winner!

Click here to answer. Results will be posted in the next eCollector.

Results from last survey: 43% believe that key date coins like 1893-S dollars and 1914-D Lincoln cents are the best value in U.S. numismatics. Click here for a complete breakdown.


What's a Flying Eagle? Find out in Lingo, the PCGS dictionary of numismatic definitions. Click here for Lingo.

Subscribe to the online PCGS Population Report for as little as $4.95 a month! Updated weekly, get the latest census data on all coins graded by PCGS. Click here to get a free peek at the population statistics for Flying Eagle cents.


Our Readers Ask

Question: I was wondering if PCGS keeps Proofs with thick blue, peripheral album toning from the highest grades of PR69DCAM or PR70DCAM? I was guessing PCGS might worry about hidden hairlines and set a max for coins like that. I've seen some beautiful superb quality toned Proofs in other holders, but not PCGS.

Answer: Toning is always a controversial area, but if a coin has extremely thick color, it will generally act as a "limiter" for the coin. As you mentioned, there may be hidden surface issues that can't be seen, as well as the color being an eye appeal issue. But for the most part, a thickly toned coin as you described would preclude it from reaching the upper stratus of the grading scale.

-- Rick Montgomery, Professional Coin Grading Service

Do you have a question you would like to ask our experts? Click here.
Or, visit the PCGS messageboards, the most active coin forums online.

Join the PCGS Collectors Club ...Enjoy the Benefits!
If you love collecting coins, the PCGS Collectors Club is for you. Members enjoy direct access to all PCGS grading services, complimentary PCGS gradings and a wealth of essential information. All PCGS Collectors Club Members enjoy access to all Collectors Universe auctions, eShops and messageboards and the eZines of their choice. Joining is quick and easy. Just click here or call PCGS Customer Service at 800-447-8848. Do it today!


Announcements

Do you collect Indian coins? Well, so does almost everyone else! Indian cents, Indian gold, or the Indian Head nickels of the past (or the Indian Head dollars of the recent, recent past). For the fall 2002 quarter (October 1 - December 31) Gold or Platinum Collectors Club members can have one of any Indian Head coin certified by PCGS for free. Your only cost is the postage. These special Collectors Club coins will be graded through the Regular Service and will be returned to you in approximately three weeks.


Bid Now in Lyn Knight's St. Louis Currency Auction

Online bidding for Lyn Knight Currency Auctions' St. Louis Auction is now underway! This three-session sale features a fresh offering of rare and wonderful bank notes from the world over. Indeed, this auction contains many highlights in World Bank notes, including selections from an important European collection. Another major highlight of this sale is the Glenn Martin collection of Kentucky obsoletes. Session Three will be comprised completely of national bank notes and it includes one of the finest collections of red seals ever assembled, belonging to Richard Dreger. This should keep everyone in their seats from Douglas, Arizona Territory to Shoshoni, Wyoming, and we have a plethora of real neat notes to fill the alphabet. Click here to bid online.


SEE PCGS THIS FALL!

Baltimore Coin & Currency Show
Baltimore Convention Center
1 W. Pratt St.
Baltimore, MD 21201
November 7 - 10, 2002

Santa Clara Coin, Stamp & Collectibles Expo
Santa Clara Convention Center
5001 Great America Parkway
Santa Clara, CA 95054
November 22 - 24, 2002

Baltimore Show: PCGS will be accepting coins for on-site grading at the Baltimore show.

Take advantage of PCGS' Show Service!
  • Special Show Service -- $65 per coin valued at $1,500 or less
  • Standard Show Service -- $100 per coin
  • Coins may be submitted to all other PCGS grading levels at the show.

    Santa Clara Show: PCGS will be accepting coins at all grading levels at the show. Coins submitted at the show will be graded by PCGS and returned via mail.

    For more information about PCGS grading at the shows, call 800-447-8848.

    For more information about any of these shows, contact as below:

    Baltimore Show: visit http://hometown.aol.com/baltimorecoinshw/
    Santa Clara Show: call (805) 962-9939 or visit www.santaclaraexpo.com

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