May 27, 2009 | Vol. 9 Number 11
PCGS
Collectors Club Price Guide Pop Report CoinFacts Auction Prices Realized Set Registry
Our Fascination with a Coin's History
By Jaime Hernandez, eCollector Editor

All collectors have one thing in common - a fascination with beauty. Whatever object we observe, we spend numerous hours studying the smallest intricate parts to find the source of the item's beauty. When it comes to coins, beauty isn't the only fascination; collectors want to know the history that accompanies such beauty. How many were made, the scarcity of the coin or better yet, how the coin has performed in the past.

Collectors know how valuable this information is when deciding to make a special purchase. Knowing the fascination with a coin's history collectors have, PCGS has launched a new feature which includes pricing history for the past 24 months on all U.S. coins featured in the PCGS Price Guide. You can now see the biggest gainers and losers since May of 2007.

To view the best and worst coin performers, please visit the PCGS Price Guide.
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-P Lincoln Bicentennial PCGS PR Abraham Lincoln dollar in a special PCGS holder indicating eCollector issue #15. Check the next issue to see if you won. Good luck!

Last week's winner of the 2009-S Zachary Taylor PR Dollar was Robert Lambdin of Lexington, South Carolina. Congratulations, Robert!

View list of all past winners.

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

Education Takes Center Stage at ANA's World's Fair of Money in Los Angeles

The 2009 World's Fair of Money, August 5-9, 2009 in Los Angeles, offers an array of educational opportunities designed to meet a wide range of interests and expertise levels. Three pre-convention seminars are led by prominent experts in the field. Attendees can also take advantage of several FREE programs throughout the show.

The following is a list of educational offerings in Los Angeles:

Pre-Convention Seminars
  • Coin Conservation, Authentication and Grading - August 3-5, 9 a.m. - 6 p.m.

    Three-day seminar emphasizing the most essential numismatic skills for collectors of any level. Includes a digital presentation, open discussion and hands-on coin examination. Includes Early Bird badge.

    Instructor: Brian Silliman, NGC grader and former assistant director of operations for Numismatic Conservation Services.

    ANA Member Price: $249 (through July 1); $269 after
    Read More...
PCGS Introduces $65 Onsite Grading Special at Long Beach Show

PCGS is offering an on-site $65 Show Grading Special. The $65 price is good for all coins (U.S. and World) valued up to $1,500, with a minimum submission of five coins. This special is available to PCGS Authorized Dealers and Collectors Club Members only. Read more

PCGS Price Guide Provides New Feature -
2-Year Pricing History


Which coin has performed the best or worst in the past two years?
The best coin performer between May 2007 and May 2009 is an 1896-O Morgan dollar, graded PCGS MS61 Deep Mirror Prooflike (DMPL). Check your closet to make sure you don't have one lying around!

The bad news is there are only three coins graded MS61 DMPL by PCGS. Not to mention, Morgan dollar collectors are known to be some of the most dedicated collectors, so sales of such coins are few and far between.

The 1896-0 Morgan dollar is notably one of the toughest coins to find with DMPL surfaces. It's been years since this coin from this date and mint mark has made an appearance in a public auction. However, one did make an appearance at auction in August 2008. A total of six bidders competed hard and strong until the coin finally realized $18,000.

The PCGS Price Guide reflected the changes following the close of the auction. The price listing of the coin jumped to $18,000 from its previous listing price of $4,500 on the PCGS Price Guide (a 300% increase within two years). Read More...
PCGS and the American Numismatic Association preview the Summer ANA in L.A. Watch video!
One Million Formative Years Lincoln Cents in Indiana
By Jaime Hernandez

The 2009 Formative Years Lincoln cents were officially released on May 14th at Lincoln State Park located in Lincoln City, Indiana.

Approximately 3,000 people attended the ceremony. Anxious collectors ready to purchase these coins formed lines over a half-mile long. Collectors showed up seven hours before the first coins were even exchanged. Each person was allowed to exchange $3.00 worth of coins or six rolls each. Read More...

2009 Ultra High Relief Coin Mintage Reaches 60,000
By Jaime Hernandez

The U.S. Mint recently crossed the 60,000 threshold for sales of the 2009 Ultra High Relief coins.

This mark was reached despite the price increase on the coins earlier this month. On May 4, the spot price of gold jumped to over $900 an ounce, per the U.S. Mint's new pricing structure which included a $50 price increase per coin. The new price (as I am writing this piece) is now $1,289 each.

When the coins were originally released, the coins in the original packaging were priced extremely high with after-market prices between $1,500 and $1,700. A couple factors contributed to the high premiums for these coins. The Mint placed an order restriction, allowing only one coin per household to be purchased, which was a huge limit for some collectors. There was also a delay in shipping which created an urgency to get these coins in-hand as soon as possible. As a result, dealers and collectors were willing to pay much higher premiums to obtain these beautiful coins. Read More...
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