eCollector - Nov. 19, 2002 | Vol. 3 Number 24 


Market Report

Yes, Market is Really as Good as They Say! DMPL Dollars are White-Hot!
Rare coin market continues to roll in every conceivable area. Ultra-expensive coins are selling quickly. DMPL dollars are in unprecedented demand. Price reporting can't keep up with growth of early U.S. market. Collectors are looking for Overton and Sheldon varieties. Click here to read more.

Set Registry Spotlight

The Sunnywood Collection - The Number One Finest Indian Head $2-1/2, Circulation Strikes (1908-1929)
A fifteen coin set with eight coins boasting the "none graded better" status, the Sunnywood Collection was the Set Registry award winner in this category for Best Newcomer of 2002. The grade point average is an amazing 65.03 with only one coin grading MS64 (the 1911-D). The rest of the coins in the set grade MS65 and MS66. Click here to view this outstanding example of set building at its finest.

New composites in the PCGS Set Registry include Mint Sets 1965-1969 and the 1965, 1966, and 1967 SMS Sets. All 2002 coinage has now been added as optional and will become required coins at the end of December. Visit the Set Registry News page for the weighting queue and further updates.

In January, PCGS will launch the new Canadian Coin Set Registry at the New York International Numismatic Convention. The first sets listed will be those of the incredible Belzberg Collection, the finest Canadian coin collection ever assembled. The Belzberg Collection goes up for sale by Heritage Numismatic Auctions on January 13th in New York City. Click here for details.

Fun, educational, and sometimes controversial, the PCGS Set Registry Messageboard remains the number one informative 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 Quarter Eagle set? Go to the Authorized Dealer link on PCGS 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 1,000 dealers in the PCGS Authorized Dealer listings.

Expert's Corner

Quarter Eagles
Quarter Eagles, $2-1/2 gold coins minted from 1796 through 1929, are well known as a series that underwent numerous design changes and generated several notable rarities. From the initial early style through the Classic Head, Braided Hair, and innovative Indian Head designs, some true numismatic treasures are to found among Quarter Eagles, especially for those willing to do some research. Q. David Bowers examines the history and collecting significance of this important series. Click here to read more.

Collector's Survey
Are we having fun yet? The rare coin market is excellent (there's no denying it) and it has been that way for almost every day of the 21st century. What's going to happen for the rest of the decade, in your opinion? Which answer is MOST correct?

  1. This market is the best ever because the collector base is so strong. The market will mirror the stock market of the 1990s and remain good throughout the decade (until at least 2010).
  2. Market cycles last about six years, so we're in the final year of the upside before we get a major three-year dip to the downside.
  3. This market is like the 1960s because modern coins are worth more than some of the classics. Modern coins will fall while everything else remains okay.
  4. Popularity drives the market, so modern coins are far from overpriced and will remain just as strong as any other market segment.
  5. We haven't seen anything yet! The growing collector base and the rush to tangibles will lead to a MAJOR bull market in the coming years.

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

Results from last survey: If our respondents could choose any classic coin for a permananent place in their collections, a whopping 51% would choose a 1794 Silver Dollar in MS66. Click here for a complete breakdown.

What's a Quarter Eagle? 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 Indian Head Quarter Eagles.

Our Readers Ask

Question: Type three $1.00 gold, late years 1871-89: what makes these low mintage coins so affordable, but also harder to find up for sale? Are they mainly found in higher grades? I have been able to locate several on eBay, but they aren't found daily. Any ideas on why they are so cheap?

Answer: With the advent of Morgan Dollar production in 1878, the tiny Gold Dollar became obsolete. There were approximately 20 million silver dollar coins minted in 1878, and only about 3,000 gold dollars! The gold dollars already released for circulation soon made their way to banks, exchanged for silver. Those minted in 1878 and after were rarely released for circulation, thus explaining their relatively high survival ratio and the choice condition in which they are usually found.

-- Ron Howard, Professional Coin Grading Service

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!


Do you collect Indian coins? Well, so does almost everyone else! Indian cents, Indian gold, or the Indian Head nickels of the past (or the Indian Head dollars of the recent, recent past). For the fall 2002 quarter (October 1 - December 31) Gold or Platinum Collectors Club members can have one of any Indian Head coin certified by PCGS for free. Your only cost is the postage. These special Collectors Club coins will be graded through the Regular Service and will be returned to you in approximately three weeks.

Bid Now in Lyn Knight's St. Louis Currency Auction

Online bidding for Lyn Knight Currency Auctions' St. Louis Auction ends this week! This three-session sale features a fresh offering of rare and wonderful bank notes from the world over. Indeed, this auction contains many highlights in World Bank notes, including selections from an important European collection. Another major highlight of this sale is the Glenn Martin collection of Kentucky obsoletes. Session Three will be comprised completely of national bank notes and it includes one of the finest collections of red seals ever assembled, belonging to Richard Dreger. This should keep everyone in their seats from Douglas, Arizona Territory to Shoshoni, Wyoming, and we have a plethora of real neat notes to fill the alphabet. Click here to bid online.


Santa Clara Coin, Stamp & Collectibles Expo
Santa Clara Convention Center
5001 Great America Parkway
Santa Clara, CA 95054
November 22 - 24, 2002

Santa Clara Show: PCGS will be accepting coins at all grading levels at the show. Coins submitted at the show will be graded by PCGS and returned via mail.

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

For more information about the show, call 805-962-9939 or visit


F.U.N. Show
Orange County Convention Center
9800 International Drive
Orlando, FL
January 8 - 12, 2003

New York International Numismatic Show
Waldorf Astoria Hotel
301 Park Avenue
New York, NY
January 16 - 19, 2003

F.U.N. Show: PCGS will be accepting coins for on-site grading at the F.U.N. show.

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.

    New York Show: PCGS will be accepting coins at all grading levels at the show. Coins submitted at the show will be graded by PCGS and returned via mail.

    For more information about any of these shows, contact as below:
  • F.U.N. show: visit or call 407-321-8747.
  • New York show: call 414-421-3484.
  • For more information about PCGS grading at the shows, call 800-447-8848.
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