eCollector - Dec. 3, 2003 | Vol. 4 Number 23 


 

Market Report

Gold Breaks $400 Barrier and "Someone Turned on a Second Switch"
Gold is over $400 an ounce for the first time since 1996. Generic gold coins are red-hot and continuing higher in face of huge demand. The best deal in generic gold? Read the story! "Everything is active, active, active." Baltimore show and Bowers & Merena Galleries auction are this week. Click here to read on.

Set Registry Spotlight

The Apollo Collection - The Number Two Mercury Dime Set with Varieties, Circulation Strikes (1916-1945)
As one of the two Mercury dime sets that will be on display at the PCGS booth at the F.U.N. show this January, we thought it appropriate to highlight this awesome set. Yes, this set is sitting in the #2 spot, but that does not in any way take away from this collector's accomplishment. The Apollo Collection is undoubtedly one of the finest sets ever assembled. The set contains an incredible 49 "Pop-Tops" (the finest graded). This collector has also identified, in the Registry, the pedigree each coin holds. Click here to enjoy.

FULL BANDS ON THE MARCH!
We are pleased to announce that the two top Full Band Mercury dime variety sets in the Registry will be on display side-by-side at the F.U.N. Show in Orlando, Florida, January 8-10th. The 2002 and 2003 "Best of the Registry" and Hall of Fame set, the incredible Joshua II Collection, will be displayed with the fabulous Apollo Collection. Both sets have GPAs well over Mint State 68 and both are 100% full band. This will be a unique opportunity to view two of the finest Mercury dime sets ever assembled. We invite you to stop by PCGS at booth #136.

SET REGISTRY LUNCHEON SCHEDULED FOR LONG BEACH - MARK YOUR CALENDARS!
If you missed the reception at the F.U.N. Show last January or the luncheon at the ANA in August, here's yet another invitation! Plan to join us for a PCGS Set RegistryTM Luncheon at the Hyatt Hotel, Long Beach, California, on Friday, January 30th at 1 p.m. E-mail invitations will be sent to the address that you have on file with us. If your address has changed, please be certain to update your information. Just click here. We look forward to seeing you at the Long Beach Show!

The following new set compositions have been added to the Registry: Belgium Euro Complete Set (1999-2002), Finland Euro Complete Set (1999-2002), France Euro Complete Set (1999-2002), Germany Euro Complete Set (2002), Monaco Euro Complete Set (2001-2002), Netherlands Euro Complete Set (1999-2002), Portugal Euro Complete Set (2002), Spain Euro Complete Set (1999-2002), and Vatican Euro Complete Set (2002).

Also, new to the Registry are the following Louis Eliasberg sets:
  • Barber Dimes Basic CS Set
  • Barber Dimes with Varieties and 1894-S CS Set
  • Barber Dimes Proof Set
  • Barber Quarters CS Set
  • Barber Quarters Proof Set

In coming weeks, more All-Time finest sets will join the Registry. Visit the Set Registry News page for frequent updates.

Fun, educational, and sometimes controversial, the PCGS Set RegistryTM Messageboard remains the number one informative 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 e-mail [email protected].

Building a Mercury dimes set? Go to the Authorized Dealer link on PCGS and click on 20th Century Coins 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.

PCGS News

PCGS sponsors grading "World Series"
This winner-take-all competition, beginning at the January F.U.N. Show and concluding at the August ANA convention, will test participants' knowledge and skill about grading United States coins. Bragging rights and a total of $10,000 in cash prizes are on the line! Click here for more details.

PCGS Adds Euros to Set RegistryTM Program
PCGS has expanded its popular Set RegistryTM program to also include Euros amid predictions of a vibrant market for the new European coinage. Click here to read all about it.

Collector's Survey

The winds of change are in the air once more! There's a new reverse (and probably two) in store for the nickel in 2004, five new reverses for the quarter in 2004 and talk about a Ronald Reagan dime (among other things). If they were to bring back some old denominations which one would you like to see the most?

  1. The Three Cent piece! Get rid of the cent and put the three-center back in circulation.
  2. The Twenty Cent piece! This coin didn't work in the 1870s but there's a place for it today.
  3. The $3 piece! Of course, it wouldn't be gold as it was in mid-late 19th century, but it makes sense.
  4. The $20 piece! No, not a bullion coin that never circulates, but a real coin with a face value that trades.
  5. The $500 piece! A new denomination but a coin that is needed in today's economy.

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

Results from last survey: 46% said that the influx of new collectors is the most important thing necessary for numismatics to prosper in 2004. Click here for a complete breakdown.


What is a clogged die and how will it affect the strike of a coin? Find out in Lingo, the PCGS dictionary of numismatic definitions. Click here for Lingo.

Subscribe to the online PCGS Population ReportSM 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 Mercury dimes.


Our Readers Ask

Question: I'd like your thoughts on what happens (if anything) to the value of a conditionally rare coin when the population significantly increases. For example, I recently purchased a 1937-S Walker in PCGS MS67 when it was a pop 11/0 coin. Within a month or two of purchase, the population went up to 14/0. That is about a 30% increase over the previous pop of 11. Can I assume that there is a similar decrease in the current value of the coin now that the population is 30 or so percent higher in 67 grade?

Answer: The values will go down some as pops increase if everything else is equal. But when the market is hot, the coins won't necessarily go down that much. Sometimes coins will show sharp increases in pops... sometimes a group of a particular date comes on the market. The real problem is that when a market is sizzling, as Walkers are now, the dealers submit a lot of them to PCGS and more coins get made.

Either way, the best strategy is to have fun with your coins and be careful about what you buy and what you pay... but don't obsess on the values... have fun!

-- David Hall, 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

Quarterly Collectors Club Grading Special
One hundred is your lucky number for the fourth quarter of 2003! Collectors Club members can send in any coin that celebrates the 100th anniversary of something for free certification by PCGS. This offer is good from October 1 through December 31, 2003. All you have to pay for is the postage. What coins qualify? The Alabama commem, the Arkansas commem (to name a couple of the many commems) and even the 1909 Lincoln cent (the 100th anniversary of Honest Abe's birth). Each coin (you're limited to one, of course) will be graded and authenticated through the Regular Service, which takes 15 business days. This offer is for Gold and Platinum Members only.

Bowers and Merena Galleries Presents
The John F. Rindge and Alan J. Harlan Collections
at the Bowers and Merena Baltimore Coin Convention Auction

Bowers and Merena's upcoming sale, December 4-6 in Baltimore, has had the firm's staff buzzing with its sheer size, scope, and variety. The offering, with sessions to be held at the Convention Center and the Marriott Inner Harbor Hotel, presents a marvelously eclectic cornucopia of collectibles -- U.S. coins, colonials, currency, world coins, exonumia, Americana... well, basically something for everyone. Click here to place your presale bids online now.


Important Show Updates!

Baltimore Coin and Currency Convention

Location:
Baltimore Convention Center
1 West Pratt Street
Baltimore, MD 21201
December 5-7, 2003

Show Info:
For more information on the Baltimore Coin and Currency Convention, click here.

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will be offering on-site grading. Representatives will be available to answer questions and accept submissions for all levels of service through Saturday.

Fees for Show Service (on-site grading) are:
  • $65 per coin for coins valued $1500 or less
  • $100 per coin for coins valued over $1500

Cut-off time for Show Service (on-site grading) is 12 noon on Saturday.

Show Service turnaround is not guaranteed. Check with a PCGS Representative for daily turnaround times.

Show Schedule:
Fri. 12/5 - 10am - 7pm
Sat. 12/6 - 10am - 7pm
Sun. 12/7 - 10am - 4pm
PCGS will not attend the show on Sunday.



Florida United Numismatists Coin Show (F.U.N. Show)

Location:
Orange County Convention/Civic Center
9800 International Drive
Orlando, FL
January 8-11, 2004

Show Info:
For more information on the F.U.N. Show, visit www.funtopics.com.

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will be offering on-site grading. Representatives will be available to answer questions and accept submissions for all levels of service through Saturday.

Cut-off time for Show Service (on-site grading) is 12 noon on Saturday.

Show Service turnaround is not guaranteed. Check with a PCGS Representative for daily turnaround times.

Show Schedule:
Thu. 1/8 - 10am - 6:30pm
Fri. 1/9 - 10am - 6:30pm
Sat. 1/10 - 10am - 6:30pm
Sun. 1/11 - 10am - 3pm
PCGS will not attend the show on Sunday.



New York International Numismatic Convention

Location:
Waldorf Astoria Hotel
301 Park Avenue
New York, NY
January 15-18, 2004

Show Info:
For more information on the NY International Numismatic Convention, call 414-421-3484.

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will have representatives available to answer questions and accept submissions for all levels of service through Saturday.

On-site grading and/or courier service will not be offered at this show.

Show Schedule:
Fri. 1/16 - 10am - 7pm
Sat. 1/17 - 10am - 7pm
Sun. 1/18 - 10am - 3pm
PCGS will not attend the show on Sunday.



The Money Show of the Southwest

Location:
Greenspoint Expo Center
12300 I-45 at Beltway 8
Houston, TX
January 23-24, 2004

Show Info:
For more information on the Money Show of the Southwest, call 281-586-9727.

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will have representatives available to answer questions and accept submissions for all levels of service through Saturday.

On-site grading and/or courier service will not be offered at this show.

Show Schedule:
Fri. 1/23 - 10am - 6pm
Sat. 1/24 - 10am - 6pm
Sun. 1/25 - 10am - 3pm
PCGS will not attend the show on Sunday.



The Long Beach Coin, Stamp, and Collectibles Expo

Location:
Long Beach Convention Center
100 S. Pine Ave.
Long Beach, CA 90802
Jan. 29-Feb. 1, 2004

Show Info:
For more information regarding the Long Beach Expo visit www.longbeachexpo.com.

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will be offering on-site grading. Representatives will be available to answer questions and accept submissions for all levels of service through Saturday.

Cut-off time for Show service is 12 noon on Saturday.

Show Schedule:
Thu. 1/29 - 10am - 6:30pm
Fri. 1/30 - 10am - 6:30pm
Sat. 1/31 - 10am - 6:30pm
Sun. 2/1 - 10am - 3:00pm
(PCGS will not attend on Sunday)



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