December 7, 2010 | Vol. 10 Number 24
PCGS
Collectors Club Price Guide PCGS CoinFacts Services Set RegistrySM
How Electronics Have Changed the Coin Market
By Jaime Hernandez

We're heading toward the end of the year and as soon as we know it, the decade will be gone.

So much has happened in the coin market in the past 10 years. 10 years ago the cell phone was considered a luxury, and today it's considered a necessity. In the past 10 years the Internet has also changed the market like nothing ever before. Suddenly you could communicate via e-mail within a split second all the way across the country. Next came the uploading of images through a digital camera, which has also had a tremendous impact in the coin market. So many coins are bought and sold every year with the help of cell phones, the Internet, e-mails, digital cameras and so many more electronic devices.

With so many drastic changes in the past 10 years, I think it is going to be difficult to surpass the advancement that has taken place in the past decade. However, I do think that the market will keep improving and will continue to surprise us even more in the years to come. At PCGS we definitely look forward to change and we intend to be a part of it to try to make the coin market a better place. But more importantly, we will try to make it as fun as possible for everyone who collects coins.

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 Kennedy Half Dollar in a special PCGS holder indicating eCollector issue #56. Check the next issue to see if you won. Good luck!

Last week's winner of the the Mint State Kennedy Half Dollar was Idham Ramadi from Ridgeway, London. Congratulations Idham!

View list of all past winners.

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

PCGS, Legend Host First Exhibit of Unique 1943 Off-Metal Cents Set at FUN Show

The first-ever public display of the one-of-a-kind set of 1943 Bronze Lincoln Cents from the Denver, Philadelphia and San Francisco Mints will be hosted by Professional Coin Grading Service and Legend Numismatics, Inc. during the first three days of the Florida United Numismatists (FUN) convention in Tampa, Florida, January 6, 7 and 8, 2011.

The unprecedented exhibit marks the first time the complete set has been included in the PCGS Set RegistrySM. It also marks the fulfillment of a boyhood dream of the collector who owns the coins, Texas business executive Bob R. Simpson, Co-Chairman of the Texas Rangers baseball club. Read More...

The Color of Money
By Dr. Richard Doty
Curator, National Numismatic Collection
Smithsonian Institution


Everyone knows how coins look: copper coins are reddish-brown, gold and aluminum-bronze ones are yellow, and silver, aluminum, and stainless steel ones are white or grayish-white.
Right?
Wrong.
The color of a coin depends on its material, but it also depends on what that material has been through. For example, late third-and early fourth-century large Roman coins called follises or follei, struck from copper with a thin surface plating of silver, sometimes bear hard, emerald-green encrustations. If you see such a coin, chances are good it was struck in Treveri (Trier, Germany), then buried not too far away. And ancient coins found in the Fayyum region of Egypt are often a bright blue color similar to a robin's egg. I don't know why, they just are. Read More...

2010 - 5-Ounce Quarters Now Available
By Jaime Hernandez

The 5-Ounce America the Beautiful Quarters finally went on sale Monday, December 6, 2010.

To everyone's surprise, the mintages have been considerably lowered. Initially, the Mint set the 2010 5-Ounce Quarter mintages at 100,000 for each design. Now, the new mintages are set at 33,000 for each design.

The Mint has already sold over 32 million Silver Eagles this year alone, so 33,000 of each 2010 5-Ounce Quarter design seems like a very small number considering the coins' popularity. Read More...
More from Dale Friend on why Bust Halves are so much fun to collect.
Watch video!
Part Three - William Sheldon's 70-Point Scale (1949) "MS 65" is Born
By Mike Sherman

In his 1949 book Early American Cents (later republished as Penny Whimsy) Dr. William Sheldon undertook the first comprehensive discussion of coin grading in the section entitled "Towards a Science of Cent Values." He presented a thorough discussion of the relationship between a coin's condition and its market value, and provided a numerical scale to quantify that relationship.

Using ten adjectival grades, Basal State (Poor), Fair, Very Fair, Good, Very Good, Fine, Very Fine, Extremely Fine, About Uncirculated and Mint State, he assigned numbers to the grades that corresponded to the market value (in dollars) of a common-variety 1794 cent at the time of publication. Read More...

PCGS CoinFacts 1842-C $5 Small Date (Regular Strike)

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

Doug Winter: Two Half Eagle varieties were produced at the Charlotte Mint in 1842. It is likely the small date coins were struck first, as they show the same date size seen on the Charlotte half eagles dated 1841. Read More...
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