Market Report

The Year 2001 Definitely One to Remember as Numismatists Gear Up for 2002 F.U.N. Show
This week we look back at some of the highlights of the past year. Wow! A lot happened! Market continues to show strength in most areas, as reports from across the nation are promising and optimistic. Bowers and Merena Galleries offers the "Rarities Sale" online through January 6.
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Set Registry Spotlight

DAM - Shield Two Cents Circulation Strikes (1864-1872)
The Number One Finest Set of All Time

Just rated slightly below the finest set you could possibly build, DAM's set of Shield Two Cent pieces is spectacular. All coins are 100% red and the set has three coins tied for finest graded: 1868 MS66 Red, 1869 MS66 Red, and a 1872 MS66 Red. Don't think for one minute that the small size of this set makes it an easy one to complete. Two cents pieces are tough to come by, especially high-grade full red examples. Congratulations to DAM! To view this set, click here.

Update! All 2001 coins have been added to set compositions and the last week has seen a rush to get those coins updated in sets. Next year, at the suggestion of one of our set registrants, we will be adding 2002 coins as optional throughout the year and then will make them required next December. Washington quarters, State quarters and Trade dollars have all been weighted. Next up are Lincoln cents.

The PCGS Set Registry has new sets being added every day and now you can see the number of sets registered.Click here to visit the home page of the Set Registry. At the top of the page is the number of registered sets, which today is nearly 1700!

Get involved with other collectors who are currently participating in the Set Registry program or are just beginning. Click here to chat on the Set Registry Messageboard.

The PCGS Set RegistryTM is a work in progress. If you have any suggestions or comments please email [email protected].

Building a Shield Two Cent set? Go to the Authorized Dealer link on PCGS and click on United States 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.

The Expert's Corner

Collecting Two-Cent Pieces 1864-1873
Two-cent pieces, minted from 1864 through 1873 inclusive, represent one of the shortest-lived of all United States coin denominations. The mintage of 19,847,500 achieved during the first year of production in 1864 turned out to be the high water mark. A decline began the next year, culminating in just 65,000 coins in 1872, the last year that business strikes were made. As a final gasp, a few hundred Proofs were struck for collectors in 1873, after which time the denomination was discontinued.
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Collector's Survey

The Two Cent piece was only issued for ten years, so there is not a long and complex series to put together if you decided to collect them. Yes, there are some fun challenges, such as the 1864 Small Motto and 1872 in certain conditions, but it's nothing like assembling a set of $5 Liberty gold pieces or Morgan dollars. Which of these short series would you like to complete the most?

  1. Two Cent Pieces. The subject at hand is a great place to start, with its great history and unusual denomination.
  2. Twenty Cent Pieces. Only four years (1875-78) but lots of rarities, including the ultra-rare 1876-CC.
  3. Three Cent Nickels. Yes, the series was issued for 25 years, but there are no mintmarked coins so the complete set involves just a couple of dozen coins.
  4. Gobrecht Dollars. These beautiful coins are considered to be circulation strikes and/or Patterns, but what a collection they would make! The issues are dated from 1836 through 1839.
  5. The Gold Coins of 1907. What a set! For the $10 gold pieces alone you'll need the $10 Liberty, the Rolled Edge Indian, the Wire Edge Indian and the No Motto Indian. For the $20 gold you'll need the $20 Liberty, the High Relief, the Ultra-High Relief, the Arabic Date...well, you get the idea. A challenge, indeed!

Click here to answer. Results will be posted in the next eCollector.

Results from last survey: 34% answered that Silver commemoratives from 1892-1954 have the same explosive potential as Washington Quarters. Click here for a complete breakdown.

What is does shield mean in Shield Two Cent pieces? Find out in Lingo, the PCGS dictionary of numismatic definitions. Click here for Lingo.

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 to get a free peek at the population statistics for Shield Two Cents.

Our Readers Ask

Question: I am a relatively new collector and completely new on the investment stage (low dollar). Awhile back I found a certified (PCGS of course) 1873 3CN PR65. I bought this coin at what I believed was and is an excellent price. My plan was to turn a fairly quick profit. I am having a very difficult time finding interest in it. PCGS price grades the coin at $1100.00 I offered it for SEVERAL hundreds less and still as yet have not found a buyer for a coin I thought even dealers would jump at for the price. WHY?

Answer: This is most likely a classic function of the coin market. It will have everything to do with the supply and demand for 3C pieces at this particular time and the exposure the individual might have in his efforts to sell the coin. To always capture the highest prices it is best to visit a large coin show or place the coin in a major auction. This gives the coin maximum exposure to those persons who truly desire the coin. Which in turn will result in the highest price achievable. Presenting any coin to only a few dealers who may not have a need for the piece at that time will almost always result in lower bids for the coin.
-- Rick Montgomery, PCGS

Do you have a question you would like to ask our experts? Click here.
Or, visit the PCGS messageboards, the most active coin forums online.

Join the PCGS Collectors Club ...Enjoy the Benefits!
If you love collecting coins, the PCGS Collectors Club is for you. Silver Members enjoy direct access to PCGS's Online $30/30-Day (1970 and earlier) and $12/30-Day (Post-1970 coins) grading services. Silver Members must join online and membership is FREE! Gold and Platinum Members enjoy direct access to all PCGS grading services, complimentary PCGS gradings and a wealth of essential information. All PCGS Collectors Club Members enjoy access to all Collectors Universe auctions, eShops and messageboards and the eZines of their choice. Joining is quick and easy. Just click here or call PCGS Customer Service at 800-447-8848. Do it today!


Bid Now in the Rarities Sale
Bowers & Merena's Rarities Sales are a long-standing tradition that always attract a lot of attention, featuring as they do many scarce, rare, and other seldom seen pieces. In addition, some pieces of a more "popular" nature have been added, creating a sale that will have wide interest. Plan to participate in this fabulous auction on January 8, 2002 or bid by mail, fax, phone, or online now. To receive your copy of this superbly illustrated catalogue for $40, order online or call Mary Tucci in the B&M Publications Department at 800-222-5993.


47th Annual F.U.N. Convention
Orange County Convention Center
9800 International Drive
Orlando, Florida
January 10 - 13, 2002 (Dealer Set up January 9*)

Take advantage of PCGS' Show Service!
Show service will be available at the following rates:
- Special Show Service -- $65 per coin valued at $1,500 or less
- Standard Show Service -- $100 per coin
Check with our show personnel for show service turnaround time.

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, January 9*, through Saturday, January 12 (until 5 p.m.). Your PCGS-graded coins will be mailed to you following the show.

*Wednesday, January 9 is Dealer Set Up Day. We'll be accepting submissions from 2 p.m. - 8 p.m. on January 9. Check with the show promoter, Cindy Grellman at (407) 321-8747 for access to the facility. Show Hours are as follows:
Dealer schedule Public schedule
*Wed. 1/9 (Set up) 2:00 p.m. -8:00 p.m.  
Thur. 1/10 8:30 a.m. -7:00 p.m. Thur. 1/10 10 am-6:30 p.m.
Fri. 1/11 8:30 a.m. -7:00 p.m. Fri. 1/11 10am-6:30 p.m.
Sat. 1/12 8:30 a.m. - 7:00 p.m. Sat. 1/12 10 am-6:30 p.m.

For more information about this show, visit or contact Cindy Grellman at (407) 321-8747. For more information about PCGS, call 800-447-8848.

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