July 6, 2011 | Vol. 11 Number 13
PCGS
Collectors Club Price Guide PCGS CoinFacts Services Set RegistrySM
World Market vs. U.S. Mint
By Jaime Hernandez

With all the uncertainties in the World markets, it's nice to know we have a very good, strong hidden market in coins. Most people in the world don't even realize that there is a strong market for coins in which they are being bought and sold by the tens of millions of dollars, every single day.

Another great thing about numismatics is that there aren't any major companies in need of bailouts in order to save the coin market. In fact, the government hardly interferes with this market at all, with the exception of the U.S. Mint since it is part of the government. However, the good thing about the U.S. Mint is that it isn't trillions of dollars in debt and it's actually making a profit, unlike many other government agencies.

The Mint staff is very smart and it seems to have a strong business model. In fact, it is the most successful marketer of coins, as it seems to know exactly what collectors want. In the end, this is all great for the coin market as it keeps bringing new collectors to the coin market every day. So, thank you U.S. Mint.

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(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 1803 Draped Bust Large Cent in a special PCGS holder indicating eCollector issue #71. Check the next issue to see if you won. Good luck!

Last week's winner was David Burton from North Carolina. Congratulations, David!

View list of all past winners.

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Why is the Morgan Dollar so Popular?
By Jaime Hernandez

In life, bigger is generally better. For instance, for a woman, the bigger the diamond ring on her finger the more special she feels. In real estate, usually the bigger the house (in the same area) the more it's worth. Read More...

PCGS to Exhibit High Desert Collection at Chicago ANA World's Fair of Money
By Donn Pearlman

The veil will be intriguingly lifted when highlights of what is now the all-time finest U.S. type set ever assembled of coins dated 1792 - 1964 are publicly displayed for the first time at the Chicago ANA World's Fair of MoneySM.

Known as the High Desert Collection, the multi-million dollar complete set consists of 137 outstanding coins, and 30 of them will be exhibited at the Professional Coin Grading Service booth (#400) from Tuesday, August 16 until about noon on Saturday, August 20, 2011.

The collection has been annually ranked as the number one current 1792 - 1964 U.S. type set since PCGS first started issuing awards a decade ago. Read More...

PCGS Updates Show Schedule

Effective in 2011, PCGS will be offering onsite grading at all three ANA shows throughout the year. Onsite grading at the Summer FUN show and the Silver Dollar show will be discontinued. PCGS will attend both the FUN and the Silver Dollar shows and will be accepting take-home submissions for grading back at our office. Below are the next three shows PCGS will be attending and for a complete listing, click here.

Summer FUN Show - (Take-home submissions only)
July 7-9, 2011 Orlando, FL
PCGS Members Only Show - (On-site grading)
July 20-23, 2011 Las Vegas, NV
ANA World's Fair of Money - (On-site grading)
August 16-20, 2011 Rosemont, IL
Q. David Bowers shares his experiences with Louis Eliasberg and his unique collection.
Watch video!
A Billion Unwanted Presidential Dollars
By Jaime Hernandez

Approximately $2.4 Billion worth of Presidential and Sacagawea dollars have been struck since 2007. And approximately 1.2 billion of them are still sitting in the Federal Reserve shelves because most banks and major financial institutions don't want these dollar coins.

Therefore, the Federal Reserve is now stuck with storing all 1.2 billion dollar coins. The way it works is that the U.S. Mint strikes business strike dollar coins and then sends them to the Federal Reserve. Read More...

PCGS CoinFacts 1950-D 5C (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:

Jaime Hernandez: This is one of the key dates for the Jefferson nickel due to its extremely low mintage. The total mintage is only 2,630,000. Read More...

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