February 1, 2011 | Vol. 11 Number 3
PCGS
Collectors Club Price Guide PCGS CoinFacts Services Set RegistrySM
Gold and Silver Prices and Rare Coins
By Jaime Hernandez

Wow! Can't believe that the first month of 2011 has already gone by! We hope the first month of 2011 was a good one for every one of you. So far, gold and silver have declined in price from December. However, decreasing prices of the bullion metals do not slow the coin market one bit. As the coin dealer saying goes when prices are declining, "it's a great time to buy." And if prices are going up, the saying goes, "it's a great time to sell!"

Many dealers and collectors are keeping their eyes on the performance of the metals but aren't really concerned since the demand is still there. The Mint has already broken records on sales of Bullion Silver Eagles in the month of January. In the meantime, with the declining prices of metals, this usually tends to defer the attention over to rare coins that do not trade based on the fluctuation of bullion. So in the next few weeks, keep an eye on the prices of rare coins, as they tend to trade more frequently while collectors and dealers wait for gold prices to settle.

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 #60. Check the next issue to see if you won. Good luck!

Last week's winner of the Mint State Kennedy Half Dollar was Ronald Thorson from Franklin, North Carolina. Congratulations Ronald!

View list of all past winners.

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

1915-S Panama-Pacific $50 Gold Coins
By Q. David Bowers

Robert I. Aitken, a New York artist, designed the octagonal and round 1915-S Panama-Pacific International Exposition $50 pieces, both of which have the same design, except that unlike the round issue, the octagonal coins display dolphins in the angles on the obverse and reverse between the inscription and the points of the border.

The obverse depicts Minerva, according to the official description "The Goddess of Wisdom, Skill, Contemplation, Spinning, Weaving and of Agriculture and Horticulture" - obviously, an all-around, ideal type of mythological person. The reverse, according to the original publicity, depicts an "owl, sacred to Minerva, the accepted symbol of wisdom, perched upon a branch of western pine." Read More...

PCGS CoinFacts 1915-S 50C Panama-Pacific (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:

Ron Guth: The 1915-S Panama-Pacific Half Dollar was authorized by an Act of Congress on June 16, 1915 as a fund-raiser for the International Exhibition held in San Francisco, California celebrating the opening of the Panama-Pacific Canal.

The Act authorized a mintage of 200,000 pieces, but only 60,030 were struck. Read More...

2011 Silver Proof Sets Go On Sale by U.S. Mint
By Jaime Hernandez

The U.S. Mint began selling the 2011 Silver Proof Set last week on January 25, 2011 at 12:00 p.m. (ET). The 2011 Proof Set consists of 14 different coins which include the Shield cent, Jefferson nickel, Roosevelt dime, Kennedy half dollar, Native American dollar, four different Presidential dollars and finally, the five different America the Beautiful quarters.

The price of the 14-coin Silver Proof Set was $67.95 each if purchased directly from the U.S. Mint. Read More...
PCGS Secure Plus™ Part II
Featuring Coin Sniffer.
Watch video!
Part Six - The Coin Dealer Newsletter Leads the Way to Numerical Grading (1973)
By Mike Sherman

As mentioned earlier, the rapid value increases necessitated the need for increasing precision in grading. It made little sense to differentiate a theoretical MS63 from an MS64 if the values for MS60 and MS65 were within 10% of each other. One could debate whether the widening value spread and premiums attached to quality examples drove the expansion of grades or whether the adaption of new grades fueled the premiums for high-quality coins. Perhaps it was some of both, but whatever the reason, the rare coin market was transformed dramatically. Read More...

Join PCGS in 2011 at the following shows:

A new year means another busy year of traveling for PCGS. Join us and submit your coins directly to PCGS at the following upcoming shows. We look forward to seeing you this year. For a more complete list of shows, click here.
Long Beach Coin, Stamp and Collectibles Expo February 3-5, 2011 Long Beach, CA
PCGS Members Only Show February 23-25, 2011 Las Vegas, NV
ANA National Money Show March 17-19, 2011 Sacramento, CA
Survey Question

Do you plan on buying any coins directly from the U.S. Mint this year?
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