October 13, 2009 | Vol. 9 Number 26
PCGS
Collectors Club Price Guide NEW PCGS CoinFacts Services Set RegistrySM
Metals Prices Clearly Affecting the Coin Market
By Jaime Hernandez, eCollector Editor

On October 7, gold hit an all-time high of $1,048 per ounce. There is no question that the metals market is reacting to inflation.

In the past couple of years, the stock market, oil and housing market have all made huge jumps. However, for the most part, metals have seemed to remain somewhat stable. Will 2009 be the year that metals triumph? Only time will tell.

One thing is for certain, when most of these markets react to inflation, they also affect the U.S. coin market in one way or another. With gold being at an all-time high, bullion coins are also bringing higher prices and are in huge demand. The Mint also had to cancel several popular coins because it could not obtain the necessary planchets to produce some of its bullion-related products.

This week, we have a great video. A special rare coin report featuring David Hall, courtesy of CNBC. Also, we discuss upcoming Mint products and some of its canceled programs.

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 1993-P World War II Half Dollar in a special PCGS holder indicating eCollector issue #26. Check the next issue to see if you won. Good luck!

Last week's winner of the 1893 Columbian Half Dollar was Derek Ichimura from Ewa Beach, Hawaii. Congratulations Derek!

View list of all past winners.

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

In 1856, the 1856 Flying Eagle cents were being produced to be presented to Congress members, other government officials and even to some coin collectors of that time. Since so many coins were handed out, many individuals knew and heard about the coins and wanted examples of their own.

The prices for these coins soon escalated and collectors were willing to pay huge premiums to acquire them. Therefore, the 1856 Flying Eagle cent was instrumental in popularizing coin collecting early in American history.

Today, 1856 Flying Eagle cents still command huge premiums and even in the lowest circulated grades, the coin commands well over $5,000. Due to the high value of these coins, many non-1856-dated Flying Eagles have been altered through the years to make them appear to be the more expensive 1856 Flying Eagle cents. Read More...

U.S. Mint Cancels Several Silver, Gold and Platinum Coins
By Jaime Hernandez

Despite many of the bullion coins being very popular, the U.S. Mint will be canceling some of its bullion products this year.

• $1 Proof Silver Eagle
• $1 2009-W Uncirculated Silver Eagle
• $5, $10, $25 and $50 Proof Gold Eagles
• $50 2009-W Uncirculated Gold Eagle
• $1 Uncirculated Annual Coin Set
Read More...

Lincoln Chronicles on Sale October 15th
(Limit 50,000 Sets)

By Jaime Hernandez

Earlier this year, the Mint sold out its 450,000 Lincoln Commemorative coins. Out of that total, 125,000 coins were the uncirculated version and the other 325,000 coins were the proof version. The authorized maximum mintage of these coins for both the uncirculated and proof versions was set at 500,000 coins.

Consequently, the Mint had to set aside 50,000 Proof Lincoln commemoratives for the special Lincoln Chronicles Set which will go on sale on October 15th at 12:00 noon ET. Surprisingly, the Mint sold out the first 450,000 coins within several weeks and today, the special Chronicles Set with a mintage of only 50,000 coins is expected to sell out on the first day they’re released. Read More...
David Hall featured on special rare coins report. Courtesy of CNBC. Watch video!
CoinFacts - Any Peace Dollar with Rainbow Colors is Artificially Toned

David Hall: The 1921 Peace dollar is a very interesting and extremely important coin. It is, of course, the first year of issue for the Peace dollar series. Slightly over a million pieces were struck, a modest mintage for a silver dollar. But the 1921 was struck in very high relief, not unlike the 1907 High Relief $20 St. Gaudens. For many years the 1921 was not recognized as a separate type coin, although it clearly is such. The PCGS founders, along with the experts on the PCGS (and now PCGS CoinFacts) Board of Experts, confronted the lack of recognition for this coin shortly after the 1986 launch of PCGS. We all just started listing the 1921 as a separate type and the numismatic community soon followed suit. So the 1921 is now important as both the first year of issue (and one of the scarcer issues) for the Peace dollar series, and as a very important one-year-only 20th century silver type coin. Read More...

Upcoming Shows for PCGS

The Silver Dollar & Rare Coin Expo
October 14 - 17
St. Charles Convention Center, St. Charles, MO

PCGS will be grading on-site, accepting Show Service submissions through Friday 5pm. The Show Service turnaround time is approximately 24 hours. Representatives will be available to answer questions and accept all submission levels, excluding Bulk through Saturday, mid-afternoon.

Baltimore Expo
November 12 - 14
Baltimore Convention Center, Baltimore, MD

PCGS will be grading on-site, accepting Show Service submissions through Friday 5pm. The Show Service turnaround time is approximately 24 hours. Read More...
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