September 15, 2009 | Vol. 9 Number 24
PCGS
Collectors Club Price Guide NEW PCGS CoinFacts Services Set RegistryTM
September Starts Out Strong in the Coin Market
By Jaime Hernandez, eCollector Editor

The pre-Long Beach show was a really successful one. Most nice coins were being bought by collectors at very strong prices. This means that these coins will probably not return into the market for a very long time.

At the Goldberg/McCawley and Grellman auction on September 6, a 1795 Large cent with reeded edge sold for $1,260,000. This is the first time that any Large cent or copper cent has realized over a million dollars. The coin was graded PCGS VG10. Please read the article below for more details.

In other news, gold finally hit $1,000 on September 8, which means that coins will be attracting a lot of investors' attention, not to mention the fact that many collectors will also be buying a lot of gold coins.

In this week's video we interviewed three of the world's most influential and prominent coin experts. They all shared some great stories that the rest of us will probably never get to experience. For example, imagine handling an original roll of 1909-S VDB cents! Can you imagine how much that roll would be worth today? Please watch the video to see this story and others as well. This is a video you won't want to miss.

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 BU 1938-D Buffalo Nickel in a special PCGS holder indicating eCollector issue #24. Check the next issue to see if you won. Good luck!

Last week's winner of the 1943 Walking Liberty Half Dollar was James Dunn from Fairplay, Maryland. Congratulations James!

View list of all past winners.

Offer good while supplies last, and may be altered or cancelled by PCGS at any time.
PCGS CoinFacts - Summary of Recent Updates
By Jaime Hernandez

Subscribers to PCGS Coinfacts have access to an incredible amount of information, including:
  • Prices Realized from all major auction companies
  • PCGS Population Report
  • PCGS Price Guide in several different grade groupings
  • Condition census and survival estimates for most U.S. coins
  • Mintages and metal content specifications
  • Images of thousands of PCGS-graded coins for grade comparison
  • Informative, colorful narrative from PCGS experts
Here is a glimpse of some of the narrative PCGS experts have recently added to PCGSCoinFacts.com. Read More...

Records Smashed with PCGS-Certified Coins at Holmes and Naftzger Auctions
By Donn Pearlman

Early American copper coins certified by Professional Coin Grading Service (PCGS) sold for record prices in the auctions of the Dan Holmes Collection of early date large cents (1793-1814) and the Ted Naftzger Collection of late date large cents (1840-1857), held September 6 and 7, 2009. The eagerly-awaited auctions were conducted in Beverly Hills, California by Ira & Larry Goldberg Auctions in association with McCawley and Grellman Numismatic Auctions.

"This was the first time a large cent has ever sold for over $1 million in a public auction," said Don Willis, President of PCGS. Read More...

1982 - The Case of the Missing Mintmark
By Jaime Hernandez

In 1982, the Philadelphia Mint produced a small quantity of dimes without a mintmark, the first such error to occur on a coin made for circulation. This inconceivable error came about thanks to a mint employee who failed to add the mintmark onto an obverse die. Traditionally, mint employees punch the mintmark into working dies, which are then inspected for any flaws or omissions. In this case, the omission of the mintmark went unnoticed and thousands of 1982 dimes without mint marks escaped from the Philadelphia Mint that year. Read More...
Jaime Hernandez gathers Bowers, Sundman and Goldman for a roundtable at Summer ANA. Watch video!
A Numismatic Catastrophe
By Ron Guth

This is a true story from 9/11 - one with a numismatic angle. What you are about to read pales in comparison to the loss of human life on that fateful day, but this is a story that needs to be told.

Imagine this nightmare scenario: Your bank, where your coins are stored in a safe deposit box, calls to tell you that the bank building collapsed and all that's left is a pile of burning rubble.

Plus, it will be months before you can recover anything from your box, assuming the box can be found. That's exactly what happened to collector Paul Renda. You see, Paul's coins were inside a box...inside a vault...inside a New York branch of JP Morgan Chase...inside a skyscraper...which was one of the twin towers known as the World Trade Center.

On September 11, 2001, terrorists flew planes into each of the towers, causing them to burn and collapse, taking with them nearly 3,000 lives and destroying billions of dollars worth of property - including Paul's coins. Rescue operations began immediately but were hampered by smoldering fires, poor air quality, and fears of additional collapses due to the unstable structure of the immense pile of rubble. When it became apparent that there were no more survivors, the efforts became a recovery and cleanup operation. Demolition crews picked apart the twisted steel and crushed concrete, searching for human remains, recovering lost property, and carting away big and small pieces of the towers that once dominated the Manhattan skyline.

Deep beneath the rubble and remains lay a vast assortment of treasures, ranging from $230 million in precious metals to entire bank vaults and safe deposit boxes like the one rented by Paul Renda. Eventually, these treasures were recovered and restored to their rightful owners, when such identification was possible. Months after the collapse, Paul Renda was summoned to a special location to reclaim his treasure. Read More...
© 2009 PCGS, Inc. A Division of Collectors Universe. All Rights Reserved.