May 12, 2009 | Vol. 9 Number 10
PCGS
Collectors Club Price Guide Pop Report CoinFacts Auction Prices Realized Set Registry
The Crown Jewels of Numismatics

By Jaime Hernandez, eCollector Editor

This time we would like to send out our best wishes to the real crown jewels of numismatics, which are all the mothers out there. Thanks moms for all you do and most importantly, thank you for being you!

On the coin front, several heavyweights sold last month for big numbers. The highlight was an 1804 Dollar Class III graded PCGS PR58 - it realized well over $2 million! Many considered this price a real bargain, as this is unquestionably one of the rarest coins in numismatics.

This proves there are still great buying opportunities out there, whether they are coins valued under $10,000 or coins valued over a million dollars, so now is a great time to find that special coin you've been looking for.

As always, let us know how you're 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-S Zachary Taylor PR Dollar in a special PCGS holder indicating eCollector issue #14. Check the next issue to see if you won. Good luck!

Last week's winner of the the James Knox Polk PR Dollar was Harris Brandt of Woodmere, New York. Congratulations, Harris!

View list of all past winners.

Offer good while supplies last, and may be altered or cancelled by PCGS at any time.

An Enigmatic 1827 Capped Bust Quarter Dollar
By John Dannreuther

The quarter dollar denomination is replete with rarities throughout the 200 plus years in which they have been struck. The Washington quarter series has the dynamic duo of the 1932 Denver and San Francisco issues; the Standing Liberty series has the 1916, 1918/7-S and the 1927-S; and Barber quarters are represented by the trio of San Francisco rarities: the 1896-S, 1901-S, and 1913-S.

The Liberty Seated series has so many rarities, especially in the popular higher grades, that one needs several hands to count them all. The 1873-CC No Arrows is known by only four examples, while the 1842 Small Date is represented by a handful of examples.

The very first quarter dollar design type is represented by a single date, 1796, and although it is not a great rarity, its popularity as the first quarter issued and the lone date of the type make it one of the most desirable United States coins. The Draped Bust type was only struck from 1804 through 1807, but the magical-date 1804 quarter does not disappoint those collectors looking for rarity.

However, the Capped Bust design contains the most desirable quarter of them all. Represented by two types (Large Size 1815-1828 and Small Size 1831-1838), the Capped Bust quarter design contains one of the most popular and mysterious rarities in American numismatics - the 1827. Read More...

2009 Lincoln Cents - Where are They?
By Jaime Hernandez

With a mintage of 634 million, the new 2009 Lincoln cents have been surprisingly difficult to find so far.

The new 2009 Log Cabin Lincoln cents were first introduced on February 12, 2009 to celebrate Abraham Lincoln's birth. However, many financial institutions failed to order the new cents, since some of them weren't aware of the new coins being released. Other financial institutions just did not bother to order the new cents, as they had more than enough pre-2009 cents to meet the public's demand. As a result, many coin dealers and collectors are struggling to obtain the new cents, even in circulation. Some of the coin rolls issued from the banks are selling anywhere from $3 to $5 for each roll and sometimes much more.

Some of the boxes containing 50 rolls (or $25 worth) of 2009 Lincoln cents are fetching $200 or more. Individual coins are also being sold for 50 cents to a dollar each in some places.

While a mintage of 634 million cents may not seem scarce, the coins do have a much smaller mintage compared to previous years. The mintage for 2007 cents was over six billion, and previous years had about the same mintages or sometimes higher. Read More...
Attendee reaction to the PCGS Members Only Show was unanimous - highly positive! Watch video!
Mercury Dimes with Full Bands
By Jaime Hernandez

PCGS graders have recognized the scarcity of many Mercury dimes that display full band details on the reverse of the coin. Hence, Mercury dimes displaying full central band details on the reverse will receive the Full Band designation by PCGS.

Some Mercury dimes such as the 1918-D are extremely scarce with the full band details. In fact, a 1918-D Mercury dime graded PCGS MS66 will usually bring a bit over $1,000 in the market. The same coin graded by PCGS MS66 but with the Full Band designation will bring in excess of $100,000 in the market!

Coins with full split band details usually indicate that the coins were struck from a fresh and well-defined pair of coin dies and under the correct pressure. Mercury dimes which lack full split band details usually indicate that the coin dies striking the reverse of the coin had worn out on the central band details. Since one of the highest portions of the coin's reverse design is the central bands, this area has the tendency to wear out the quickest. Read More...
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