Market Report

Rare Coin Market Expansion Continues as Rare Dates, Red Lincoln Cents, Commems, Modern and Early Issues Sizzle
The F.U.N show "buzz" is still being felt weeks after the show. Buffalo silver dollars are white-hot again and supplies are thin. Full red Lincoln cents are selling at record pace. Rare date Liberty Seated, Barber coins are in demand. Kingswood "Gilmanton" sale adds exciting new consignments. Click here to read more.

Set Registry Spotlight

Wm Walser - Shield Nickels Circulation Strikes (1866-1883) - The Number One Finest Set of All Time
Congratulations to Wm Walser, who today became the first registrant to complete a circulation strike shield nickel set. The race is on, because close behind is another set that is missing only one coin. Will Mr. Walser continue to upgrade his set and maintain the lead? This will be a very interesting race indeed! Click here to view this set.

The number of sets now being listed is 1,929 with new sets being added everyday. Click here to visit the home page of the PCGS Set Registry.

One of the suggestions that came from the survey we mailed several weeks ago was to split sets into two categories: basic sets and sets with varieties. We have decided that this suggestion best meets the needs of everyone participating in the Set Registry and we will begin implementing this change as we move forward with set weighting. This policy was mailed out to all registered set owners last week and the response was overwhelmingly positive. You can read this policy on the Set Registry News page.

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 nickels set? Go to the Authorized Dealer link on PCGS and click on Nickel Coinage 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

Nickel History -- Shield Nickels, Circulation Strikes
In 1866, the Mint introduced a new five-cent coin which proved to be so popular that the denomination is still in use today. The first of these five-cent pieces -- the Shield nickel -- has an intriguing history, complete with low-mintage years and striking problems that make the series so interesting to collect. This thorough look at the Shield nickel details the coin types available, identifying which years are prized by collectors, which are underrated, and what difficulties may await the collector of five-cent circulation strikes. Click here to read more.

Collector's Survey

The Shield nickel was our first nickel five-cent coin and it wasn't issued for the first time until after the Civil War. There have been only four major designs for our nickels since 1866 -- the Shield, Liberty, Buffalo and Jefferson. Which one of these sets would you like to own the most if you couldn't sell it?

  1. A complete set of Proof Shield nickels, including the rare 1867 Rays, in a matched brilliant set in PCGS Proof 66.
  2. A complete set of Mint State Shield nickels, with every coin in the set being the finest graded by PCGS (or tied for the finest graded).
  3. A "complete" set of Liberty nickels (no 1913, sorry) in PCGS Proof 67 Deep Cameo. Impossible? Not in this survey, it isn't!
  4. A "complete" set of Mint State Liberty nickels (1883-1912) with every coin being the finest graded or tied for the finest graded. Blazing and beautiful!
  5. A complete set of Proof Buffalo and Jefferson nickels, with every coin being the finest graded (or tied for that honor) and all of the coins being Deep Cameo (except for the Matte Proof coins, of course!).

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

Results from last survey: 51% said their "dream" commemorative find would be a Lafayette dollar in PCGS MS67, with full documentation proving that it was a gift from William McKinley to Theodore Roosevelt. Click here for a complete breakdown.

What are Rays on a Shield nickel? 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 nickels.

Our Readers Ask

Question: Why is it that mint state Morgan dollars have obverses in such low grades while the reverse stays in a higher MS 64-65 state? Presumably all the coins went into bags and the contact marks would have an equal chance of showing up on either the obverse or reverse of the coin.

Answer: The going theory states that part of the problem for so many contact marks on the obverse of Morgan Dollars is that the top die striking the coins was the obverse, thus as the coins came off the dies and into the hoppers, they were predominantly landing face up. This caused greater damage to those obverses as other coins would land on top of them. Of course, once the coins were in the bags, equal amounts of damage could occur to either side.

-- 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!


You Can Bid Now in the Inaugural LKCA World Paper Money Auction!
The first World Paper Money Auction offered by Lyn Knight Currency Auctions (LKCA) is now online and available for Internet bidding. The auction, which will be held on Thursday, February 28, at the Eighth Annual Chicago Paper Money Exposition, features an offering of rare and wonderful bank notes from the world over. In fact, it is quite likely that, in the United States, there has never been an auction consisting only of world notes on this grand a scale. Click here to bid now!

Long Beach Coin and Collectibles Exposition
Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA
February 20 - 23, 2002

Take advantage of PCGS' On-Site 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, February 20*, through 4 p.m. on Saturday, February 23. Your PCGS-graded coins will be mailed to you following the show.

*Wednesday, February 20 is Dealer Set Up Day. We'll be accepting submissions from 8 a.m. - 7 p.m. on February 20. Check with the show promoter for access to the facility.

Long Beach Coin and Collectibles Exposition Show Hours are as follows:
Dealer schedule Public schedule
*Wed. 2/20 (Set up) 2 p.m. - 7 p.m.  
Thur. 2/21 8 a.m. - 7 p.m. Thur. 2/21 10 a.m. 6:30 p.m.
Fri. 2/22 9 a.m. - 7 p.m. Fri. 2/22 10 a.m. - 6:30 p.m.
Sat. 2/23 9 a.m. - 6:30 p.m. Sat. 2/23 10 a.m. - 6:30 p.m.

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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