eCollector - Dec. 17, 2003 | Vol. 4 Number 24 


 

Market Report

Market Soars Onward and Upward as Demand for Gold Continues to Grow
Baltimore show "was off the charts" as positive reports continue to pour in. Proof gold and other five-figure coins are easy to sell. Certified gold in all denominations is selling instantly. North Shore collection highlights upcoming Heritage Signature Sale. Bowers & Merena auction realizes $3.9 million in Baltimore. Click here to read more.

Set Registry Spotlight

Normally, the eCollector features a number one set in the PCGS Set RegistryTM, but in this issue we are spotlighting all members of the Registry. We wish to say thank YOU to over 1,900 collectors who are participating in the Registry program. It is your enthusiasm and determination to reach for the very best that drives the PCGS Set RegistryTM. All of us at PCGS extend our very warmest wishes to you and your families and hope that you have a wonderful and safe holiday season.

In the News

BATTLE OF THE BANDS!
PCGS is pleased to offer a display of the two top Mercury dime sets complete with varieties at the FUN show in Orlando, Florida. The sets will be on display at the PCGS booth from Thursday, January 8th through Sunday, January 11th. These sets illustrate the best of this classic and highly popular series, not only in the PCGS Set RegistryTM but ever assembled.


1927-D PCGS MS66 Full Band Mercury dime from the Joshua II Collection

The JOSHUA II COLLECTION has held the number one spot in the Registry and has received the "Best of the Registry" award for the Mercury dime series two years running. This set is so awesome that it has also been inducted into the PCGS Set RegistryTM Hall of Fame. With every coin in the set graded "Full Band" and many holding pedigrees including Eliasberg and Dominick, the set is sure to inspire any collector who is fortunate enough to view the display.

Holding the #2 spot in the PCGS Set RegistryTM is the APOLLO COLLECTION. This set has been battling for the top spot for several years. Just consider that the set is rated only a few percentage points below the Joshua II Collection. This fact alone places the Apollo Collection in the ranks of the best ever assembled. Also filled with many spectacular pedigrees, this set is a very worthy competitor.

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: Liberty Seated Series Complete Basic Set, Circulation Strikes (1837-1891)and Liberty Seated Series Complete Variety Set, Circulation Strikes (1837-1891). In addition, the twenty cent pieces and the Trade dollars have been added to the complete Liberty proof set.

Also, new to the Registry are the following Louis Eliasberg sets:

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 Liberty Head Double Eagle set? Go to the Authorized Dealer link on PCGS and click on Gold 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.

Expert's Corner

Assembling A Set of 20th Century Liberty Head Double Eagles
Building a set of $20 Liberty gold pieces can be intimidating, with the 1870-CC and 1883 (and 1884 and 1885 and 1886) each costing a fortune. An affordable alternative that's still a challenge? A set of $20 Libs from the 20th century! Here is a look at the 18 coins that comprise this popular set. Click here to read on.

Collector's Survey

Do you have your crystal ball ready? We want to hear your opinion about which series of U.S. coins will be the best performer in the coming year. Here are the five choices:

  1. Certified gold in MS63/better! $20 Saints, $20 Libs, $10 Indians and so forth. Rising gold prices will put even more pressure on this relatively small supply.
  2. Walking Liberty half dollars! They were orange-hot in 2003 and they'll be even hotter in 2004.
  3. Full red Lincoln and Indian cents! Look at the huge collector base and the tiny populations and this is an easy choice.
  4. Morgan and Peace Dollars! An American tradition like apple pie and baseball.
  5. Washington quarters! The statehood quarter program will continue to bring in huge numbers of new collectors.

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

Results from last survey: 47% would most like to see the $20 piece come back into circulation. Click here for a complete breakdown.


What does it mean when a coin has "orange-peel surfaces?" 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 Liberty Head $20 Gold.


Our Readers Ask

Question:

  1. If you were at an auction and gold items were selling, but not slabbed by PCGS, NGC, or ANACS, and the coin looked real to you, how much would you discount it on the chance it was a diestruck copy?
  2. Around what percentage of gold coins sent to PCGS go home bodybagged because they are not genuine?
  3. I have heard that over half of the raw $3 gold pieces are fake -- is this possible?
  4. Are there certain diagnostics that anyone can see that would tip off a potential buyer (without memorizing year and die characteristics)?
  5. Having said that -- how high would you bid on a common date XF40, AU50, and MS60 $3 gold piece?

Answer:

Here's what I think,

  1. The chances of you buying a counterfeit gold coin from a major auction house are beyond slim. In addition, if you did, they would take care of you. So if you want to buy raw gold at auction, stick with the majors, i.e. Bowers and Merena, Heritage, Superior, the Goldbergs, and Stack's, and you shouldn't have anything to worry about.
  2. The percentage of counterfeits submitted to PCGS is extremely small. The counterfeiters know better than to try to slip one by us.
  3. I believe that a significant number of raw $3 gold pieces are bad, but I think it's less than half, not more than half.
  4. It is hard for the untrained eye to tell gold counterfeits. The experts who can tell, can do so at arm's length. Most people can't tell even with magnification.
  5. As to value, check the price guides and be careful. I believe a much better strategy is to buy certified gold.

-- 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.

Important Show Updates!

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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