eCollector - Aug. 13, 2002 | Vol. 3 Number 17 


Market Report

Market Expansion Continues as Rare Coins Show Strength From A to Z
Economy is iffy but rare coins are spiffy. There's no post-ANA slump as market continues to roll. Rare date 19th century coins are added to the list of fast-selling numismatic items. Dated gold strong in $5,000-$10,000 price range. Kingswood "Jackson Sale" reinforces market strengths. 1964 Lincoln cent brings $4,830 in Kingswood sale. Click here to read more.

Set Registry Spotlight

The Kimo Collection #15 - The Number One Current 20th Century Type Set, Major Types, No Gold (1900-1999)
With the recent retirement of William Walser's 2002 "Best of the Registry" type set, The Kimo Collection, which is a recent entry, moved into the number one spot. This collector has chosen a fine selection of type coins with the lowest grade a Mint State 64 and the highest grade a Proof 69 Deep Cameo. Click here to enjoy.

NEW SET REGISTRY FREE GRADING BENEFIT UPDATE! Effective immediately, the free grading benefit no longer requires a set to be NEW and customer service contacted within 5 days of listing. Now, whenever your set reaches 90% complete, regardless of when you may have first listed it, you are entitled to free grading benefits. Visit the Set Registry News Page or the BENEFITS link on the Set Registry web pages to learn more. Free grading is not valid without an authorization code, so please be certain to contact [email protected].

INDIAN CENT SHOWDOWN. Three important collections of Mint State Indian Cents from the Set Registry will be on display at the PCGS booth at the September Long Beach Show. Stay tuned for further details about this exciting event.

Jefferson nickel weighting is now live as well as the addition of the 1938-present master sets. In addition, the Kennedy half dollar sets are now weighted. Coming up are the Buffalo nickel and Walking Liberty half dollars. Previews of proposed weighting are posted for at least a week prior to actually making the changes. This is allowing registrants time to review the changes and submit feedback. Indian cents and Proof Sets 1936-2001 are coming up in the weighting queue. Your opinion counts, so please let us hear from you before we add weighting to the sets.

Fun, informative, and sometimes controversial, the PCGS Set Registry Messageboard remains the number one coin forum on the Internet. 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 20th Century Type set? Go to the Authorized Dealer link on PCGS and click on 20th Century Coins in Specialties. Looking for dealers with Internet sites? Click on the Internet sites link in services. Search for more than 1,000 dealers in the PCGS Authorized Dealer listings.

The Expert's Corner

Counterfeit Detection Alert: Don't Get Duped by Machine Doubling
The doubled die 1969-S Lincoln cent is a great rarity and one that many collectors dream of finding. Unfortunately, many of them are deceived by machine doubling, an accidental occurrence which does create a doubling effect, but not the kind which is found on true doubled die pieces. PCGS President Rick Montgomery offers some advice about how to avoid being taken in by machine doubled coins. Click here to read more.

Collector's Survey
The U.S. Mint recently announced that it was destroying its entire backlog of United States Proof sets because of "deterioration of quality." This involves over 250,000 proof sets dated 1999-2001 and millions of Proof coins. Which of the following five statements is the most accurate, in your opinion, based on the Mint's action?
  1. It won't make any difference because there are still plenty of coins.
  2. The marketplace will notice a minor shortage of quality pieces from those three years.
  3. The marketplace will notice a major shortage of quality pieces from those three years and prices will rise slightly.
  4. A major shortage of quality pieces will occur and prices will go much higher, especially for those three years.
  5. The "deterioration of quality" will spread to the sets that were already released and to other years as well, causing a price explosion among top-quality modern Proof coins.

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

Results from last survey: 24% selected the Judd 1776 -- the $20 St. Gaudens Pattern known as "Teddy's coin" -- as the greatest coin in the world, based on our selection of five super U.S. pieces. Click here for a complete breakdown.

What does "type" mean in the numismatic world? 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 and Liberty nickels.

Our Readers Ask

Question: Have you ever seen a 1955 Doubled Die cent you would describe as prooflike? I had a phone call from someone who claimed Harry Lessin had dozens of prooflike specimens in the early 1960s. Your help is appreciated.

Answer: These coins came with lustrous, frosty surfaces, never with even a hint of prooflike character. The late Harry Lessin, whose estate collection we handled a number of years back, was one of the earliest people interested in this variety, and he squirreled away quite a few of them -- with great financial results!

-- Q. David Bowers, Bowers and Merena Galleries

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. 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 Online in Lyn Knight Currency Auctions' Dallas 2002 Auction!

Online bidding for Lyn Knight Currency Auctions' Dallas 2002 Auction is now underway! Click here to browse the over 2,000 lots of Large Size, Small Size, Errors, Fractional, Confederate, Foreign notes and more being offered. Online bidding for Session One of the 2002 Dallas Sale closes August 22. Online bidding for Session Two closes August 23.


Long Beach Coin and Collectibles Exposition
Long Beach Convention Center
Long Beach, CA
September 25 - 29, 2002

Take advantage of PCGS' Show Service!
  • Special Show Service -- $65 per coin valued at $1,500 or less
  • Standard Show Service -- $100 per coin
  • Coins may be submitted to all other PCGS grading levels at the show.

    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, September 25*, through 4 p.m. on Saturday, September 28. Your PCGS-graded coins will be mailed to you following the show.

    *Wednesday, September 25 is Dealer Set Up Day. We'll be accepting submissions from 2 p.m. - 7 p.m. on September 25. Check with the show promoter for access to the facility.

    Long Beach Coin and Collectibles Exposition Show Hours are as follows:

    Dealer SchedulePublic Schedule
    Wed. 9/25 (Set up) 2 p.m. - 7 p.m. 
    Thur. 9/26 8 a.m. - 7 p.m.Thur. 9/26 10 a.m. - 6:30 p.m.
    Fri. 9/27 9 a.m. - 7 p.m.Fri. 9/27 10 a.m. - 6:30 p.m.
    Sat. 9/28 9 a.m. - 6:30 p.m.Sat. 9/28 10 a.m. - 6:30 p.m.
    Sun. 9/29 9 a.m. - 3 p.m.Sun. 9/29 10 a.m. - 3 p.m.
    (PCGS will not be attending on Sunday but the show will be open)

    For more information about PCGS grading at the show, call 800-447-8848.

    For more information about the Long Beach Coin and Collectibles Exposition, call 805-962-9939 or go to

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