December 8, 2009 | Vol. 9 Number 30
PCGS
Collectors Club Price Guide NEW PCGS CoinFacts Services Set RegistrySM
Plenty of Confidence in the Collectibles Market
By Jaime Hernandez, eCollector Editor

Gold hits a record $1,200 an ounce and silver goes past $19 an ounce. In November a "200 One Dollar Bills" painting sold for $43.8 million - three times its original estimate. Many other paintings in the auction also broke records. In a different auction, a 5-karat pink diamond sold for $10.8 million ($2.2. million per-carat) - the highest price per carat ever paid at auction.

What does this have to do with the coin market? It depends on how you look at things. Wealthy individuals are obviously turning to other markets beside stocks and the housing market, and are now turning to the collectibles market, which includes the U.S. coin market. Record prices being realized in other collectibles markets contributes to a great sense of confidence to collectors and buyers in the coin market. Many times this confidence in a market can strongly affect the prices of most items within that market, including the coin market. Usually November and December tend to be slow in the coin market, but in 2009, they have been two very active months thus far. These are things to consider when buying or selling coins as we approach 2010.

As always, please let us know how you are enjoying the PCGS eCollector.
eCollector Subscribers: WIN a Free Coin!
(For eCollector Subscribers only)

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

The winner in this issue will receive a 2009 BU Silver Panda coin in a special PCGS holder indicating eCollector issue #30. Check the next issue to see if you won. Good luck!

Last week's winner of the 2009 Australia Kookaburra was Bryan Reider from Fort Collins, Colorado. Congratulations Bryan!

View list of all past winners.

Offer good while supplies last, and may be altered or cancelled by PCGS at any time.
The PCGS Members Only Coin Show Returns December 16

Exclusively for PCGS Dealers and Collectors Club Members, the PCGS Members Only Coin Show returns December 16 at the Palazzo Hotel in Las Vegas.

Show Details:
  • When - Wednesday-Saturday, December 16-19
  • Where - The Palazzo Hotel, Delfino Room #4102
  • Who may attend - Collectors Club Members and PCGS Authorized Dealers. Read More...
Highest Price Ever Paid for a U.S. Coin -
$7.59 Million!

By Jaime Hernandez

The spectacular and controversial 1933 Double Eagle last fell under the hammer on July 30, 2002 in New York City, obliterating the previous auction record of $4.14 million for a U.S. coin. The new standard? A remarkable $7.59 million! As of December 2009, this remains the highest price ever paid for a U.S. coin.

The famed coin was the lone item in a special auction conducted by Sotheby's and Stack's. Read More...

2009 Uncirculated Gold Eagle Sales Suspended

Recently, the U.S. Mint canceled many of its bullion-related products. On top of that, it just canceled the 2009 $50 Uncirculated Gold Eagles. This coin was one of the few remaining bullion products still being offered by the U.S. Mint.

On November 25, U.S. Mint direct bullion purchasers received notices indicating that the coins were being temporarily suspended due to the continued strong demand. The Mint indicated it would suspend the sales of these coins until they were able to build up additional inventory of the 2009 $50 Uncirculated Gold Eagles.
Read More...

The 1908 $20 No Motto on PCGS CoinFacts.com

Since the launch of the new PCGS CoinFacts, we have been hard at work updating and expanding the site's information. Here's a recent example:
Read More...

Having Fun at PCGS
Watch video!
PCGS Unveils New Website Design
By Jon Garner

PCGS announces the unveiling of a completely new version of its popular web site, www.pcgs.com. With three million page views each month, PCGS.com is one of the most-visited web sites in the entire numismatic field.

The new site represents more than just a face lift. Its cleaner feel and more logical arrangement of links and information make navigation much easier than in the past. "It shouldn't take regular visitors long to adjust to the new site," said PCGS President Don Willis. "We've designed it to be less cluttered and more intuitive, making it easier for both frequent and newer visitors to find the information they're looking for." Read More...

2009 1 Ounce Proof Platinum Coins Released

The new 2009 Proof Platinum coins went on sale December 3, 2009. The reverse of the coins contains the words A More Perfect Union. The reverse of the coins also displays four different faces which are symbolic of the diversity of our Nation with the clothing and hair weaving together to from a more perfect union. The new "To Form a Perfect Union" theme will continue until the year 2014 but will contain different designs.
Read More...

Legend Numismatics Sells Sunnywood Morgan Collection
By Jon Garner

Legend Numismatics, a coin dealer specializing in high-quality, rare U.S. coinage, announced the sale of the entire Sunnywood "Somewhere Over the Rainbow" Toned Morgan Dollar Collection to a private collector who wishes to remain anonymous. Financial details were not released, but Legend President Laura Sperber acknowledged that it was a "multi-million dollar transaction" and that the collection was sold intact.

The Sunnywood Collection (Circulation Strikes from 1878-1921 including three important varieties) was painstakingly assembled over a period of several years by Douglas Kurz, a long-time collector who is a successful businessman and former concert pianist. Read More...
© 2009 PCGS, Inc. A Division of Collectors Universe. All Rights Reserved.