Market Remains Strong and 'Bubbling' as Five-Figure Coins Heat Up
There's a new game in town! Read this article and learn how to play. Wall St. execs have joined the market and are spending serious money on their collections. Internet continues to change and expand the world of coins. Red Lincoln cents are hotter than hot! Coin shows continue to increase in intensity. Kingswood "Canterbury Sale" is highly successful.
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Subscribe to the online PCGS Population Report for as little as $4.95 a month! Updated weekly, get the latest census data on all coins graded by PCGS. Click here for a preview of the population data for $20 Saints.
The Expert's Corner
GOLD (In Its Natural State)
Natural gold played an important part in the development of the United States. With the discovery of gold in California in 1848, thousands of treasure seekers flooded the West and the shortage of coins forced the reintroduction of natural gold as money - necessity, the mother of invention.
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Search for your favorite PCGS Authorized Dealer by specialty. Looking for $20 Saints? Go to the Authorized Dealer link on the PCGS website and click on Gold Coins in specialties. Looking for dealers with internet sites? Click on the Internet sites link in services. Search for more than a 1,000 dealers in the PCGS Authorized Dealer listings.
Dr. S.D. MS $20 St. Gaudens Collection - The Number One Finest Set of All Time
Considered by many to be America's most beautiful coin, Dr. S.D. has assembled 45 of these stunners in nothing less than an astounding collection. This set is a phenomenal combination of Eliasberg, Carter, and Akers $20 Saints, including the following Eliasberg pedigrees: the 1908-D WM in 67, 1909-D in 67, 1920-S in 66, the 1921 in 65, the 1931 in 66. Carter coins include the 1924-D in 66 and the 1931-D in 66. Akers specimens include the 1925-S in 66.
How does your set stack up? The PCGS Set Registry has several hundred sets registered with new sets being added every day. Click here to visit the Set Registry.
What is a "generic coin"? I came across this term in a recent issue of the Coin Dealer Newsletter, which states that generic coins are "soft" in the market. What is a non-generic coin?
Answer: The term generic has arisen in recent years to describe a common date, mintmark, or other variety within a series. Usually a generic coin is the less expensive variety in a series. For example, among Peace silver dollars of the 1921-1935 era, such Philadelphia mint dates as 1922-1925 would be called "generic," especially in lower grades. Thus, if someone wanted to buy a Peace silver dollar, any Peace silver dollar, without a care as to date, mint mark, or rarity, one of these issues would serve the bill. Sometimes "generic" coins are bought and sold in bulk, without inspecting them for quality. Thus, such pieces tend to sell for less than pieces desired by discriminating collectors. It is perfectly logical that generic coins could be soft in the market, while at the same time selected quality, scarce and rare issues could be very strong. All segments of the market, from generic to rare, seldom move in lock step.
--Q. David Bowers, Bowers and Merena Galleries
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PCGS AT THE ARIZONA COIN EXPO IN EARLY MAY!
Arizona Coin Expo
Phoenix Civic Plaza
May 3 - May 5, 2001 (Dealer Set up May 2*)
Take advantage of PCGS' Show Service!Special Show Service -- $60 per coin valued at $1,500 or less
Show service will be available Wednesday, May 2* and Thursday,
Standard Show Service -- $100 per coin
Coins submitted for Show Service on Wednesday will be returned Friday morning. Coins submitted for Show Service on Thursday will be returned Saturday morning. Show service submissions will also be accepted on Friday and Saturday to be graded at our office and mailed to you on Monday, May 7.
Have your coins graded by PCGS and save on one-way postage! You may submit your coins at the show to all PCGS grading service levels. Submissions will be accepted from Wednesday, May 2*, through 4 p.m. on Saturday, May 5. Your PCGS-graded coins will be mailed to you following the show.
*Wednesday, May 2 is Dealer Set Up Day. We'll be accepting submissions from 2 p.m. - 8 p.m. on May 2. Check with the show promoter, Sandy Gulde 480-998-4001 for access to the facility. Show Hours are as follows:
||(Set up) 2 p.m.-8 p.m.
||9 a.m.-7 p.m.
||9 a.m.-7 p.m.
||9 a.m.- 4 p.m.
For more information about this show, contact Sandy Gulde
For more information about PCGS, call 800-447-8848.
ENTER THE SIXTH ANNUAL YOUNG NUMISMATIST ESSAY CONTEST
With the June 1st deadline rapidly approaching, there are only a few weeks left to submit your essay. If you are a numismatist in high school, PCGS invites you to write an essay on the history of the rare coin market, any indvidual U.S. coin series, or a coin variety or group of varieties. The first place winner receives a $5,000 scholarship! Click here for details about this exciting contest.
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