eCollector - Feb. 11, 2003 | Vol. 4 Number 3 


 

Market Report

Gold Dips Slightly but Overall Market Continues to Rock
Buying is hard but selling is oh-so-easy. 20th century coins are still a market leader. Classics are in great demand, especially in silver and gold. Early coins offer great value even after price increases. Heritage Long Beach sale is filled with PCGS rarities. Click here to read more.

Set Registry Spotlight

Cameron Stanley, Age 11 - The Number One Finest Lincoln Cents Basic Set - Proof (1950-present)
We had the pleasure of meeting Cameron and her father, Jeff, at the FUN show in January. Cameron is a very special young lady who fought and won a battle with a life-threatening illness. During this difficult time in her life she appeared in a movie called Patch Adams, starring Robin Williams, earning enough money to help her father start what has now become a very successful business. The payback? Jeff helps Cameron collect the very finest Proof Lincoln cents. This Young Numismatist has put together the number one modern Lincoln Proof
set in the Set Registry. Congratulations to Cameron whose set sits on top of 32 other registrants! Click here to view this superb collection.

New Varieties Policy!
  1. In most series where there are varieties recognized by PCGS, we will have two possible sets, a "Basic Set" that does not include varieties, and a "With Varieties Set" that does include varieties.
  2. The "With Varieties Set" will include every variety recognized by PCGS that has a total PCGS Population in all grades of at least 5 coins.
  3. PCGS will review all varieties currently recognized. We will start recognizing considerably more varieties. There is also a chance that we will stop recognizing a few very marginal varieties.
  4. A few of the "Basic Sets" will actually include a few traditional varieties. For example, the Basic Lincoln cent set will include the 1909-S VDB and 1909 VDB and the Morgan dollar set will include both the 1878-7TF and 1878-8TF.
  5. If you want to have a new variety recognized by PCGS, make the suggestion to us. If we agree it is a significant variety, we will poll the top Registry set holders for that series and if the majority of them want the new variety recognized, we'll do it.
Over the next 30 to 60 days we will be reviewing all the currently listed "With Varieties" sets and adding the appropriate coins with appropriate weights. As always, we welcome and appreciate any of your comments and suggestions. E-mail [email protected].

Do you want to know what's new? Visit the Set Registry News page for frequent updates.

Fun, educational, and sometimes controversial, the PCGS Set Registry 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 modern Proof Lincoln cent set? Go to the Authorized Dealer link on PCGS and click on Modern 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

Building a 20th Century Type Registry Set
For collectors interested in building a registry set, 20th Century Type coins offer a wealth of possibilities. Not only does this set contain some of the most beautiful coins of all time, but it can be assembled in many ways, making it a perfect choice for collectors of widely differing tastes and budgets. This article explores some of the various ways to put together a 20th Century Type set, examining the pros and cons of each. Click here to read the story.

Collector's Survey
We always try to focus on the positive side in these surveys, but sometimes there are things about coins that can really bug a dealer or collector. Which one of these five things do you like the least/hate the most?

  1. The wiped-out heads on some Standing Liberty quarters! A 1926-D with a "scooped head" just isn't for me.
  2. The flat heads on Walking Liberty half dollars! That 1934-D has great skirt lines, wonderful thumb separation and NO head!
  3. Flat ear/breast Morgan dollars! Some New Orleans dollars (and other Mints, too) have no middle to them!
  4. No foot on the Indian! The Oregon Trail half dollar is gorgeous, but many are missing the foot detail.
  5. Thumbprints on copper! A full red blazer with a big thumbprint makes me want to cry!

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

Results from last survey: 37% believe that gold has been underpriced for too long, and will rise to $400 soon and will approach $500 by the end of the year. Click here for a complete breakdown.


What is "brockage?" 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 Lincoln cents.


Our Readers Ask

Question: How does PCGS treat cabinet friction/roll friction compared to slight circulation wear when grading MS/AU coins?

Answer: The friction issue is a "degree" issue that's been discussed by experts long before PCGS existed. In fact, it was one of the major topics of discussions when we were forming our grading standards. It is a matter of degree. When there is clear "broken-luster" wear, the coin cannot be called Mint State. When there is light high point rub, the coin can be called Mint State. It's very subjective.

Two stories:

In the 1970s, many firms used the term "BU Rub" in their ads and catalogs. The term meant "Brilliant Uncirculated, with some high point rub." It is my opinion that most coins sold as "BU Rub" are coins that would grade AU55 to AU58 today.

In the 1970s, there was a show dealer with very conservative grading standards. He once made the statement that, "Truly Mint State $20 St. Gaudens do not exist. They all have rub." If he got a real cherry Saint, say one of those creamy 1923-Ds that used to pop up frequently, he'd grade it "AU+++++++".

Once again, the rub/friction issue is very subjective.

-- 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

Online Bidding for Lyn Knight Currency Auctions'
CPMX Sale Is Now Underway!

Welcome to the CPMX sale, Lyn Knight Currency Auctions' first sale of 2003. LKCA is excited about this sale and the many rarities it contains, which have either been discovered or rediscovered after many years in collections. These notes and a multitude of other notes make this sale appealing to a wide range of collectors from all over the world and with a variety of budgets. Online bidding for this three-session sale is currently underway! Click here to browse and to bid.


SEE PCGS ON BOTH COASTS!

Long Beach Coin and Collectibles Exposition
Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA
February 26 - March 2, 2003

Baltimore Coin & Currency Convention
Baltimore Convention Center
1 West Pratt Street
Baltimore, MD
March 13 - 16, 2003

On-site grading: PCGS will be accepting coins for on-site grading at both the Long Beach and Baltimore shows.
  • Special Show Service -- $65 per coin valued at $1,500 or less
  • Standard Show Service -- $100 per coin
  • Other Services: Coins may be submitted to all other PCGS grading levels at the shows.

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. Your PCGS-graded coins will be mailed to you following the show.

Long Beach Show Dates and Hours: *Wednesday, February 26 is Dealer Set Up Day. We'll be accepting submissions from 2 p.m. - 7 p.m. February 26. 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. 2/26 (Set up) 2 p.m. - 7 p.m. 
Thur. 2/27 8 a.m. - 7 p.m.Thur. 2/27 10 a.m. - 6:30 p.m.
Fri. 2/28 9 a.m. - 7 p.m.Fri. 2/28 10 a.m. - 6:30 p.m.
Sat. 3/1 9 a.m. - 6:30 p.m.Sat. 3/1 10 a.m. - 6:30 p.m.
Sun. 3/2 9 a.m. - 3 p.m.Sun. 3/2 10 a.m. - 3 p.m.


Baltimore Show Dates and Hours: March 14 - 16, 2003
Public schedule
  • Fri. 3/14 10 a.m. - 7 p.m.
  • Sat. 3/15 10 a.m. - 7 p.m.
  • Sun. 3/16 10 a.m. - 5 p.m.
For more information about any of these shows, contact as below:

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

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