November 14, 2008 | Vol. 8 Number 14
PCGS
Collectors Club Price Guide Pop Report CoinFacts Auction Prices Realized Set Registry
Introducing the New, Improved eCollector Newsletter
By Jon Garner

As part of our ongoing commitment to providing timely communication to our PCGS Collectors Club Members, Set RegistrySM Members and Authorized Dealers, we are unveiling the new, revamped eCollector Newsletter.

In each issue, we will provide timely news on PCGS happenings, and fun features like our Win a Coin Promotion. We will also feature a David Hall video and articles on topics ranging from the colorful history of a rare coin, to the latest offerings of the U.S. Mint. The new eCollector is being sent to over 100,000 coin enthusiasts, so for dealers, it represents an outstanding advertising opportunity!

We look forward to your feedback on the new format and the information we are providing. Happy collecting!
eCollector Subscribers: WIN a free coin!
(For eCollector Subscribers only)

In each issue of eCollector, we'll randomly draw a name from our subscribers.

The winner in this issue will receive a FREE 2007 Missing Edge Presidential Dollar in a PCGS holder!

Good Luck!

Check the next issue to see if you won.

Offer good while supplies last, and may be altered or cancelled by PCGS at any time.
The 1856 Flying Eagle Cent - Numismatic Bait
By Jaime Hernandez

It all started in 1849 when Congress was initially presented with the idea of producing smaller cents. The idea was to make them less expensive due to their smaller size.

Incidentally, the U.S. Mint had been producing Large Cents since 1793. However, late in the large cent's tenure, the Mint was actually spending more money to produce large cents than the coin's face value. During this time period, the one cent coin was necessary for day-to-day transactions. However, many people disliked carrying large cents and who can blame them? Even today, many of us wouldn't want to carry a Sacagawea or Presidential Dollar in our pockets and these are a bit smaller than large cents in diameter.

Due the escalating seignorage issues in 1850, the U.S. Mint began to experiment with smaller cents and different metal alloys. However, several problems arose with some of the experimental cents. Furthermore, it was also believed that the experimental cents could easily be counterfeited because of their weight and as a result, the Mint had to continue experimenting with different metal alloys. The experimentation with different alloys proved to be extremely challenging as several problems arose with the weights and with the designs, so experimenting continued for several years.

Finally, once the Mint settled on the correct metal alloys and weights and designs were figured out, it commenced producing the new cents late in 1856 and continued until 1858 at different intervals. The obverse of the 1856 cents portrayed a beautiful large and intricately detailed Flying Eagle design originally used on the Gobrecht Dollars from 1836 - 1838. The Eagle design was believed to have been modeled after Pete, the Philadelphia Mint's mascot. Unfortunately, one day Pete was caught in a flywheel, which broke one if his wings. A few days later, Pete the Mascot died, but his depiction would live on for years. Read More...
Ron Guth interviews financial advisor Art Bonnel on the life of LaVere Redfield, owner of the "Redfield Hoard" of Silver Dollars.
Click here to watch video
PCGS Introduces Genuine Program
by Don Willis

No more body bags! PCGS is introducing a major change in its grading process, effective for submissions received after December 1, 2008. Coins that would have previously been no-graded and returned in a body bag will now be placed in a regular PCGS holder and labeled simply "Genuine." Of course this applies only to coins that have been verified to be authentic. PCGS is dropping its Genuine-only service level. Now coins can be holdered in Genuine holders regardless of the service level for which they are submitted. Variety and attribution services will be provided for Genuine coins. For example, if you submit a number of Early Half Dollars with the Overton variety requested, your coins (assuming they are authentic) will be holdered with the Overton variety and grade or with the Overton variety and Genuine (see the PCGS website for a description of grading standards at www.pcgs.com/grades.chtml. This service will also apply to crossovers, so all your coins can now be in PCGS holders.
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