eCollector - Sept. 10, 2002 | Vol. 3 Number 19 


 

Market Report

Gold Up, Overall Market Strong and Diverse as Long Beach Show Approaches
Rising gold prices add to the strength of the already-muscular market. Classics such as Colonials and Bust dollars continue to sell extremely well. Cameo and deep cameo Proof coins are hot, but selectivity enters the picture. Bowers & Merena "Rarities Sale" is filled with numismatic treasures. Click here to read more.

Set Registry Spotlight

In the last PCGS eCollector, we highlighted Stewart Blay's fine collection. This time, two other magnificent Indian Cent collections are in the spotlight. In an unprecedented face-off at the Long Beach Coin Show, September 26-29th, the Ally Collection and the Richard Collection will be displayed with the Stewart Blay Collection for your viewing pleasure. Which set is best? The Ally Collection, a 2002 PCGS Set Registry Award winner, sits in the number two position. Highlighting the set, complete with images, are the 1860 in Mint State 67 and the 1870, 1871, 1872, 1908-S and 1909-S in Mint State 66 RED. Click here to enjoy. The Richard Collection has been a long-time set registrant. First appearing with a set rating of 64.43, this collector has slowly upgraded his set and now has an amazing rating of 66.96, which puts his set in a strong third place. To view this set, click here. To read a synopsis about these three very interesting collectors, be sure to read this week's Expert's Corner.

The Indian Cents with Varieties (CS) and the Indian Cent Proof sets have now been weighted. Coming up this week are the 1950-1959 Proof sets. In the next week, we'll be finishing off Proof sets 1960-present. Then next up are the mint sets 1934-present. Announcements of these new sets will be made on the Set Registry News page.

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 an Indian 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.

The Expert's Corner

PCGS Set Registry Indian Cent SHOWDOWN
The top three current finest Indian cents sets on the PCGS Set Registry will be displayed at the Long Beach Coin, Stamp & Collectibles Expo on Sept. 26-28, 2002. Which is the best? Come to the show and judge for yourself! Click here to read more.

Collector's Survey
The Indian cent series is incredibly popular and will undoubtedly remain that way for many generations to come. What changes, if any, would you like to see in the grading designations of these coins? Remember that we're not talking about a "grading change" of numerical standards, just about the designations.
  1. Color designations for copper-nickel coins! If my MS66 1862 Indian cent is blazing bright, I would like for it to be designated as MS66RD, not just as MS66.
  2. A special designation for 100% red coins! The PCGS "full red" standard allows for 5% brown (not counting mellowing of color). I would like to see a "100% RD" designation for those special, special coins.
  3. A full strike designation! It took me forever to find an 1872 with a full shield and a 1908-S with full feathers on the bonnet. Some of these coins are really rare with full strikes, and they need to be rewarded with an "FS" after the grade.
  4. Full reflectivity on Proof coins! With all of the striated planchets, roller marks, "drift marks" and other problems on the Proofs, it took a dedicated effort to build a set of Proofs with deep mirror fields. How about an "FR" designation on the fully reflective pieces?
  5. Leave things as they are! There are already BN, RB and RD designations on Indian cents (at least from 1864-1909) and that's enough.

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

Results from last survey: 32% believe that Indian cents are so popular among collectors simply because they're beautiful, with an excellent design that's a visual delight. Click here for a complete breakdown.


What does the designation "RD" mean on a PCGS graded Indian cent? 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 Indian cents.


Our Readers Ask

Question: I have an 1812 U.S. copper cent that appears to be prooflike. It was a bequest from my father-in-law. He purchased the coin in the early 1920s at one of the Tiffany Coin Auctions held at the Waldorf Astoria Hotel in New York City. The coin is chocolate brown and under 10x (binocular macroscope) I can see no marks or wear whatsoever. The planchet has no discernable pits or imperfections. The strike, though, is slightly off center, but it is a strong, complete strike. Could this possibly be a Proof coin?

Answer: My hunch is that the coin may have been burnished or polished in some way as to give the surfaces this glossy appearance. The coin might also have a surface substance that was added to the piece years ago. This substance is commonly known as "Care" and exhibits a glossy finish.

I would not feel the coin is a Proof without further visual inspection.

-- 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!
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Announcements

Now! Bid Online in the Bowers and Merena September Rarities Sale!

The next Bowers and Merena Rarities Sale will take place September 22 in Beverly Hills, but online pre-sale bidding is underway NOW! This Rarities Sale features a remarkable selection of choice pieces. From the collection of Dr. Lawrence Cookson comes what might well be called the definitive collection of 1913-1938 Buffalo nickels, plus other treasures. Also included are some highly important early dimes from the Jason Lindsay Collection. Numerous rare silver and gold pieces, including a previously unlisted gold pattern coin, are to be offered, and there are many more highlights as well. The September Rarities Sale is not to be missed! Click here to bid!


SEE PCGS AT LONG BEACH IN SEPTEMBER!

Long Beach Coin and Collectibles Exposition
Long Beach Convention Center
Long Beach, CA
September 25 - 29, 2002

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.

    Have your coins graded by PCGS and save on one-way postage! You may submit your coins at the show to all PCGS grading service levels. Submissions will be accepted from Wednesday, September 25*, through 4 p.m. on Saturday, September 28. Show Service coins will be returned to you at the show. All other PCGS-graded coins will be mailed to you following the show

    *Wednesday, September 25 is Dealer Set Up Day. We'll be accepting submissions from 2 p.m. - 7 p.m. on September 25. Check with the show promoter for access to the facility.

    Long Beach Coin and Collectibles Exposition Show Hours are as follows:

    Dealer SchedulePublic Schedule
    Wed. 9/25 (Set up) 2 p.m. - 7 p.m. 
    Thur. 9/26 8 a.m. - 7 p.m.Thur. 9/26 10 a.m. - 6:30 p.m.
    Fri. 9/27 9 a.m. - 7 p.m.Fri. 9/27 10 a.m. - 6:30 p.m.
    Sat. 9/28 9 a.m. - 6:30 p.m.Sat. 9/28 10 a.m. - 6:30 p.m.
    Sun. 9/29 9 a.m. - 3 p.m.Sun. 9/29 10 a.m. - 3 p.m.
    (PCGS will not be attending on Sunday but the show will be open)

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

    For more information about the Long Beach Coin and Collectibles Exposition, call 805-962-9939 or go to www.longbeachshow.com.


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