eCollector - Nov. 18, 2003 | Vol. 4 Number 22 


 

Modern Coins, Proof Gold Among Numismatic Leaders As Hot Metals Markets Push Higher
Gold at 7-year high while platinum sees 23-year high. "Incredible strength" in market as modern coins soar. Proof gold stars in Heritage "Signature Sale." Bowers & Merena to offer 2,600 lots in Baltimore sale in early December. Click here to read on.

Set Registry Spotlight

Ezra Fowler #1 - The Number One France Euro, Proof (2001) Set
Last week the Euro Coin Set Registry was launched with our first player, Ezra Fowler, loading 28 pristine sets. In January, 1999, the Euro was introduced as the new single European currency after years of planning and coordination. Beginning in January, 2002, the new Euro replaced all the currency in circulation within 12 countries of the European Union. There are now 15 countries using Euros, including France, which is highlighted here. Congratulations to Ezra for being the first Euro set registrant! Click here to view.

The following new set compositions have been added to the Registry: Liberty Seated Series Complete Set, Proof (1836-1891), Belgium Euro Complete Set (1999-2002), Finland Euro Complete Set (1999-2002), and France Euro Complete Set (1999-2002).
Also, new to the Registry are the Eliasberg Barber Half Dollar sets:

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

A word about All-Time sets...
Louis Eliasberg assembled one of the finest U.S. coin sets of all-time. His is probably the most famous of all collections. Our intent in putting up the grades for the Eliasberg sets is to share our knowledge of his coins' actual grades with the Set Registry participants, and to make the "Finest of all-time" listings truly accurate. The "estimated grades" are far more than simple guesses. David Hall was at the Eliasberg sales, as were PCGS founder John Dannreuther and PCGS founder and former Director of Grading, Gordon Wrubel. They each took extensive notes on the coins. The "estimated grades" for the Eliasberg coins we list in the Set Registry are a compilation of the grading notes of the three PCGS founders. Many Eliasberg coins continue to come to PCGS for grading. This gives our experts an opportunity to compare their estimates with subsequent actual PCGS grades for the coins. In nearly every case the estimates prove to be conservative; the estimates always either equal the subsequent PCGS grades, or in some cases, the subsequent PCGS grades are higher than the estimates. They are never lower because the estimates are conservative. We also add sets to the all-time finest list that were graded by PCGS but weren't registered before they were sold. A prime example is the great gold coins in the Harry Bass collection, which were graded by PCGS, but sold at auction before the Registry existed. Some Registry participants have questioned this practice. However, the vast majority of the Registry participants are delighted to have the opportunity to compare their coins to the great collections of the past. And it just wouldn't be right to call a gold coin set (for example) the "Finest of All-Time" without comparing it to the great coins in the Eliasberg and Bass collections.

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 set for the Euro Coin Set Registry? Go to the Authorized Dealer link on PCGS and click on World 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

Gold and Greed
Benny Parks stubbed his toe in 1829 and they're still talking about it, especially around Dahlonega. Once again our favorite 100-year-old author takes us on a journey back in time to the gold fields of yesteryear. Click here to read more.

Collector's Survey

The year 2004 looks to be a bright one for numismatics. Which one of these five scenarios is the most important for prosperity in the coming year?

  1. Gold bullion needs to continue upward just as it did in 2003.
  2. The influx of new collectors is the most important thing.
  3. Interest rates must remain low to keep lots of money in the coin market.
  4. The stock market must remain sporadic and somewhat dull.
  5. Coins will be a winner in 2004 regardless of the outside economic factors.

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

Results from last survey: 39% would most like to own a 1927 $20 St. Gaudens in PCGS MS69. Click here for a complete breakdown.


What is "Roman finish?" 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 Platinum Eagles.


Our Readers Ask

Question: I've run into several mid 20th century coins, where the surfaces of the coin look prooflike to the naked eye. Upon closer inspection, one sees that the prooflike surfaces were imparted by extreme die polishing. The surfaces still reflect the required distance for prooflike, but they are not as smooth as you find say in a Morgan dollar. What criteria are used by PCGS to designate prooflikes?

Answer: Prooflikes have non-striated surfaces. If you tilt a striated coin, the mirror disappears. When PCGS graders look at prooflikes, they hold their finger a few inches away from the coin and check the depth of the reflection for PL versus DMPL. Then they tilt the coin to make sure it is not striated.

-- 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!

Santa Clara Coin, Stamp, and Collectibles Expo

Location:
Santa Clara Convention Center
5001 Great America Pkwy.
Santa Clara, CA 95054
November 21-23, 2003

Show Info:
For more information on the Santa Clara Expo, call 805-962-9939 or visit www.santaclaraexpo.com.

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. 11/21 - 10am - 7pm
Sat. 11/22 - 10am - 7pm
Sun. 11/23 - 10am - 3pm
PCGS will not attend the show on Sunday.



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.

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:
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.



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