January 3, 2012 | Vol. 12 Number 1
PCGS
Collectors Club Price Guide PCGS CoinFacts Services Set RegistrySM
2011 Was a Great Year for the Coin Market
By Jaime Hernandez

In 2011, silver touched the $50.35 an ounce mark, just pennies away from breaking the all-time high of $50.45 an ounce. And gold did in fact break the record when it hit $1,895 an ounce (but unfortunately has now taken a completely different turn). Maybe both metals will stop flirting around and make their move this year. This way, in 2012 we will not only see records shattered, but also see prices hold.

If we look back over the past few years, the coin market has gained great momentum, and 2012 looks to be no different. In 2011, the U.S. Mint produced a record number of coins and 2012 looks to follow suit. Very few high-end rare coins ($1 million or more) made it into the market and the ones that did set new record prices, thus indicating the market for high-end coins has been doing rather well. Other rare coins worth less than $1 million also have done well this year. Coins in the $1,000-$10,000 range, in my opinion, did OK too. For modern coins or coins valued under $1,000, most collectors did fine as long as they didn't overpay for them.

Overall, 2011 was a great year for the coin market and I personally think 2012 will be even better.

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


Everyone knows how coins look. Copper coins are reddish-brown, gold and aluminum-bronze coins are yellow, and silver, aluminum and stainless steel coins are white or a grayish-white.

Right?

Wrong.

The color of a coin not only depends on its material, but also depends on what that material has been through. For example, late third- and early fourth-century large Roman coins called follises (or follei), stuck from copper with a thin surface plating of silver, sometimes bear hard, emerald-green encrustations. Read More...

The "Fatman" Dollar Challenge
By BJ Searls

The Yuan Shih-kai dollar or "Fatman" dollar is one of most common Chinese silver dollars. It is also one of the longest-lived series with production beginning in 1914 and running at least to 1921, possibly longer. A survey by the Shanghai Bank estimated that of the 960 million silver dollars in circulation in China in 1924, 750 million were those of Yuan Shih-kai. Why then is collecting the series such a challenge?

General Yuan Shih-kai rose to power after the overthrow of the Qinq dynasty. Through a series of skillful political moves, he became President of the Republic of China in 1912, replacing Sun Yat-Sen. As his impatience with the National Assembly grew, he ordered the assassination of Song Jiaoren, leader of the Nationalist Party, in 1913. Read More...

Chickasaw Quarters Three-Coin Sets Available Now!
By Jaime Hernandez

The Mint began the sale of the America the Beautiful Quarter Three-Coin Set with the Chickasaw National Recreation design (the regular version, not the 5-oz.). The set contains an Uncirculated Philadelphia and Denver-struck quarter. It also contains a Proof Quarter struck at the San Francisco Mint with the Chickasaw design. Read More...

Presidential Dollar Suspension Will Save Tax Payers $50 Million a Year

On December 13, 2011, Timothy F. Geithner, the U.S. Secretary of the Treasury, suspended production of Presidential Dollar coins. The suspension came from The Obama Administration campaign to cut government waste. Read More...
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One of Nine Known 1795 S-79 Reeded Edge Large Cents Offered in January Auction
By Jaime Hernandez

To kick off 2012, Heritage will auction a 1795 Reeded Edge cent with a Sheldon 79 variety. It is only one of nine known examples for this specific variety. The coin is graded PCGS Fair 2.

Although it has a low grade, the coin is very elusive to Large Cent collectors since there are so few available in the marketplace. Read More...

PCGS CoinFacts 1829 10C Extra Large 10C (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:

Gordon Wrubel: PCGS has added another interesting reverse variety to this date: Extra Large 10C. This reverse is found only on the very first die pair of 1829, JR-1. It uses a reverse die of 1828 that is very distinctive and easily recognized. Read More...

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Survey Question

Did you Buy or Sell more coins in 2011?
A.Bought More B.Sold More

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