eCollector - Mar. 11, 2004 | Vol. 5 Number 4 


PCGS Market Report

The First and Last Word on Coin Redesign
This article first appeared some years ago, but with nickels getting a new reverse design in 2004, we feel the time is right to revisit it. If you share the author's view that American coinage is far overdue for a facelift, you'll definitely want to read it. Click here to continue.

Set Registry Spotlight

Manofcoins PCGS Collection - The Number One Washington Quarters Basic Set, Circulation Strikes (1932-1964)
For two years running "A Quarter Collection" has been given the "Best of the Registry" award. But just recently, a set that has been listed for about a year zoomed into the number one spot with a phenomenal GPA of 66.77 and too many "Pop-Tops" (the finest graded) to mention! Congratulations to the Manofcoins Collection, whose owner has treated us with many images of some of the awesome coins in this set. Click here to enjoy.

The following new set compositions have recently been added to the Registry:
  • 1896 Mint Set with Gold
  • 1896 Mint Set
  • 1896 Proof Set with Gold
  • 1896 Proof Set
  • Euro Type Set (120 Coin)
  • Euro Type Set (8 Coin)

Please note that 2004 coinage will be added to sets as optional during the month of March. 2004 coins will be required at the end of this year. Visit the Set Registry News page for frequent updates on these additions and other news.

Fun, educational, and sometimes controversial, the PCGS Set RegistryTM 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 e-mail [email protected].

Building a Washington quarters set? Go to the Authorized Dealer link on and click on Modern 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.

PCGS Expert's Corner

The Fundamentals of Counterfeit Detection - Part 2
Part 2 of this article, reprinted from PCGS's Coin Grading and Counterfeit Detection, delves further into the subject of fake coins and how to tell them from the real thing. Read on for information about contemporary forgeries, alterations, and the importance of luster and die characteristics to the art of counterfeit detection. Click here to read on.

What is a "hammer die?"
Find out in Lingo, the PCGS dictionary of numismatic definitions. Click here for Lingo.

Collector's Survey

The 2004 nickel is here with the "Louisiana Purchase" reverse! What impact will this new coin have on the market in the future? Please choose the "most correct" answer.

  1. Almost the entire mintage will be hoarded by speculators, so the supply of high-quality examples will be huge, holding down prices.
  2. The coin will be so popular that prices will rise even though the supply is huge.
  3. This will be a one-year type coin like the 1883 No Cents nickel or the 1913 Type One nickel, so prices will not only rise, they'll SOAR!
  4. The Proof issue will be a big winner but the circulation strikes will be too common.
  5. It depends on the quality of the strike. If "full hand" examples (or whatever) turn out to be rare, then fully struck pieces could be worth BIG money.

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

Results from last survey: Excluding everybody's favorite -- the Walking Liberty -- 37% of respondents chose Early Halves (including Flowing Hair, Draped Bust and Capped Bust designs) as the half dollars they like the best. Click here for a complete breakdown.

Subscribe to the online PCGS Population ReportSM for as little as $4.95 a month!
Get the latest census data on all coins graded by PCGS -- updated weekly! Click here to subscribe, or to get a free peek at the population statistics for Washington quarters, click here.

Our Readers Ask

Question: What is the most important grading factor when it comes to the MS65 grade: strike, luster or marks (tics and dings)? Is the most important grading factor the same for MS66 and MS67 as it is for MS65?

Answer: There are four things that are important for MS65, 66, and 67 coins: marks, strike, luster, and eye appeal. All four are important. In some ways they are equally important but in some ways they aren't. Marks are only important if there are too many of them or they are in a very prominent place. Strike is only important if it's significantly weak, or off-the-charts sharp. lack of luster detracts, while blazing luster can add a lot.

We used to have a saying in the grading room about eye appeal... "Eye appeal adds a little and forgives a lot."

I guess I feel all four things are equally important.

-- David Hall, 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!


Quarterly Collectors Club Grading Special
Way down yonder in New Orleans... coins from this historic Mint haven't been struck in 95 years, but Collectors Club members can have one graded for free during the first quarter of 2004 (from now through March 31). So dig out that 1885-O dollar or that 1909-O quarter or that 1838-O half dollar (dream on!) and send it on in! Each coin will be graded and authenticated through the Regular Service, which takes 15 business days. All that you have to pay for is the postage.
This offer is for Gold and Platinum Members only.

Important Show Updates!

Baltimore Coin
and Currency Convention

Baltimore Convention Center
1 West Pratt Street
Baltimore, MD 21201
March 11-14, 2004

Show Info:
For more information regarding the Baltimore Coin and Currency Convention, click here.

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will be offering on-site grading. Representatives will be available to answer questions and accept submissions for all levels of service through Sunday at noon.

Fees for Show Service (on-site grading) are:
  • $80 per coin for coins valued $1500 or less
  • $100 per coin for coins valued over $1500

Show Service turnaround is not guaranteed. Check with a PCGS representative for daily turnaround times.

Public Show Schedule:
Fri. 3/12 10am - 7pm
Sat. 3/13 10am - 7pm
Sun. 3/14 10am - 4pm

ANA Money Show

Oregon Convention Center
777 NE Martin Luther King Jr. Blvd.
Portland, Oregon 97232
March 26-28, 2004

Show Info:
For more information regarding the ANA Money Show, click here.

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will have representatives available to answer questions and accept submissions of all service levels.

On-site grading and/or courier service will not be offered at this show.

Public Show Schedule:
Fri. 3/26 - 10am - 6:30pm
Sat. 3/27 - 10am - 6:30pm
Sun. 3/28 - 10am - 2:00pm
(PCGS will not attend on Sunday)

Santa Clara Coin, Stamp, and Collectibles Expo

Santa Clara
Convention Center
5001 Great America Pkwy.
Santa Clara, CA 95054
April 2-4, 2004

Show Info:
For more information on the Santa Clara Expo, call 805-962-9939 or visit

For more information on PCGS's list of services please contact customer service at 800-447-8848.

PCGS will have representatives available to answer questions and accept submissions of all service levels through Saturday.

On-site grading and/or courier service will not be offered at this show.

Public Show Schedule:
Thu. 4/1 - 12pm - 7pm
Fri. 4/2 - 10am - 7pm
Sat. 4/3 - 10am - 7pm
Sun. 4/4 - 10am - 3pm
(PCGS will not attend on Sunday)

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