Professional Coin Grading Service is offering $10,000 bounties on each of five numismatic rarities in hopes of ferreting out examples just for the privilege of authenticating and grading them.
PCGS initially offered the $10,000 reward for one of those coins — the 1964-D Peace dollar — in 2013. That reward is still standing.
Additional individual $10,000 rewards are now being offered for the 1873-S Seated Liberty dollar, 1894-S Barber dime, 1841-O Coronet, No Motto gold $5 half eagle, and the 1849 Templeton Reid $25 pioneer gold piece.
Connect with Coin World:
Similar inducements have had positive results in the past.
Bowers and Merena Galleries’s $10,000 offer in 2003 for the George O. Walton example of 1913 Liberty Head 5-cent coin spurred the rediscovery of the coin. It surfaced after more than 40 years in the hands of Walton heirs who in the 1960s were led to believe the piece was counterfeit. The coin was brought by the heirs to the 2003 American Numismatic Association convention where the four other examples were scheduled to be publicly exhibited. Numismatists at the show authenticated the coin after comparing it to the other pieces, and it was placed on exhibit with the other coins when the convention began.
The PCGS Proof 63 coin was sold at public auction in 2013 by Heritage Auctions for $3,172,500.
Each of the five coins for which PCGS is offering individual $10,000 bounties were produced for circulation, but due to various reasons ranging from inexplicably low mintage numbers to legislation, never reached the masses.
According to PCGS, “To qualify for the reward, PCGS only asks for the opportunity to view in person and grade any of the coins at large. After authentication and grading, the coin, or coins, will be returned and the $10,000 reward tendered for each respective coin.”
PCGS attached the $10,000 reward to the 1964-D Peace dollar in 2013 to coincide with its list of the “Top 100 Modern Coins,” in an attempt to locate an example of the legendary coin.