eCollector - March 12, 2002 | Vol. 3 Number 6 

Market Report

Jacksonville ANA Convention Reinforces Coin Market's Widespread Strength
Bourse and auction activity is hot and heavy in Jacksonville as market continues to rock. Commemoratives, Proof type and early issues remain at the forefront. Silver dollars heat up again. Gold bullion sales haven't slowed even though gold falls under $300. Bowers and Merena EXPRESS sale closes March 15. Click here to read more.

Set Registry Spotlight

Tom Mershon - 2nd Finest Lincoln Cents Basic Set, Circulation Strikes (1909-1958) of All Time
Don't let the number two spot fool you. Tom's set is close to perfection. (The number one set, which is not viewable, is just a few points higher). Grade Point Average of 68.55! 100% Red! Tom's 1926-S is the only coin graded Mint State 65 with none higher. And 89 other coins in his set are the highest grade for the date. Tom Mershon should be very proud. This is an incredible accomplishment. Click here to view this set.

Just two weeks ago, the PCGS Set Registry hit a milestone with 2,000 sets registered. Today, there are over 2,100 sets registered. There seems to be no end in sight. We are excited to see so many youngsters participating as well as their Moms and Dads! This is your registry, so please keep your suggestions flowing in.

We are in the process of weighting sets (or re-weighting sets as the case may be), removing varieties from Basic Sets, and adding Sets with Varieties. We are posting these sets on the Set Registry News page for at least a week prior to actually making the changes. This is allowing registrants time to review the changes and submit feedback. Recently weighted were the Lincoln Cents 1909-1958 Circulation Strikes, both basic and variety. Coming up next are the modern Lincolns.

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 Lincoln cents 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 a 1,000 dealers in the PCGS Authorized Dealer listings.

The Expert's Corner

Add a Little Here, Take Off a Little There
All collectors long for gem condition coins, those that are fully struck with sharply defined features. As the hobby has grown, the demand for pristine examples has driven prices skyward, which has unfortunately led some unscrupulous individuals to alter coins in an attempt to increase their sale price. Re-engraved features, added metal, even forged mintmarks -- the graders at PCGS have seen it all. Click here to read more.

Collector's Survey

What's more popular than collecting Lincoln cents? From your childhood days of poring through rolls looking for a new example to put in the coin album to today when you're seeking the finest for your PCGS Set Registry set, this is one great hobby. Out of all the Lincoln cents, which one of these five (disregarding price) is your personal favorite?

  1. The 1909-S V.D.B. in PCGS MS66RD. The classic American coin! Almost everyone has heard of this one and a blazing MS66 in full red is a coin that I want to look at almost every day!
  2. The 1914-D in PCGS MS65RD. This coin is such a toughie in all grades that finding an MS65 in full red would be the coin that I'd like to show around.
  3. The 1922 "Plain" in PCGS MS65RB. Just finding a Mint State example of this condition rarity is a challenge. What a coin a Gem example would be, with 50% of the original red still intact.
  4. The 1926-S in PCGS MS65RD. Who knew that this was the monster condition rarity that it is? The 1914-S was always famous for being rare in full red, but now the '26-S wears the crown as the #1 toughie of the regular issues in Gem full red.
  5. The 1955/55 Doubled Die in PCGS MS65RD. This is the most dramatic of the Doubled Die cents, with BOLD doubling on the obverse date and lettering. It is also the most popular Mint error in the series and maybe even as popular as the famed 1937-D "3-Legged" nickel.

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

Results from last survey: 37% would assemble a complete set of Morgan dollars in mixed grades, if building a set with some budget restrictions. Click here for a complete breakdown.

What does the term "Red" have to do with Lincoln cents? 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 Lincoln cents.

Our Readers Ask

Question: Why aren't the die cracks on the left side of the Morgan dollar on some dates considered a VAM? They always occur along the stars like the die clash VAM.

Answer: Die cracks are a random occurrence and are the result of the overuse of the die itself. The die will crack and the die crack itself will expand, following the path of least resistance in the process. Van Allen and Mallis elected not to list most of these as they don't constitute an actual variety but rather a normal occurrence of the working dies.

-- 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


Bowers & Merena Express Online Auction Closes March 15th!

The Bowers & Merena Express Auction is online with over 150 lots of PCGS and NGC certified coins from which to choose. Many of the coins in this auction are Set Registry Quality (SRQTM). Bidding closes March 15, 2002, at 7 p.m. PST.

Fax: 949-833-7955
Phone: 888-540-COIN
E-mail: [email protected]
Internet: Click here

Bid Now in the Wayne S. Rich Collection

Rarities will delight you in this sale, ranging from half cents and other early coppers through double eagles, from colonials to territorial gold. Included are properties from several other important consignments, nicely rounding out the Wayne Rich estate. If a single word could be used to describe the sale, it would be quality. As you will see in due course, even plentiful and semi-scarce coins in the Liberty Seated, Barber, 20th-century silver, Morgan dollar, and Peace dollars are apt to be very special in this regard. Each has been described with care. The paper money in this sale -- featuring absolutely stunning national bank notes from Omaha, Cincinnati, and other locations, plus a rich variety of "type" notes -- would make a great catalogue in itself. Rarities abound, as do other items, yielding just about anything imaginable -- from three-cent scrip notes to a $10,000 bill! For more information, call 800-458-4646. Click here to browse and to bid.


Suburban Washington/Baltimore Coin & Currency Convention
Baltimore Convention Center
1 W. Pratt Street, Hall E
Baltimore, MD
March 21 - 23, 2002

On-Site Grading: 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.

For more information about PCGS grading at the show, call 800-447-8848.
For more information about the Suburban Washington/Baltimore Coin & Currency Convention, call 301-424-1876.

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