It’s a wrap!
The latest Coin World Weekly issue, dated May 22, 2017, has
been sent to the presses, and we have a quick preview of some of the
Coin World exclusives found in our latest digital edition.
Gambling on a Morgan dollar roll
Michael Bugeja wasn’t naïve when he bid on a roll of Morgan dollars
from a Carson City, Nev., bank, but the date 1879 on the obverse of
the coin on one end of the roll and the CC Mint mark of the Carson
City Mint on the reverse of the coin on the roll’s other end made the
gamble of bidding worth the risk, he thought.
“You can see the allure here. Just maybe that first coin would be a
Mint State 1879-CC Morgan dollar, worth $10,000 or so,” he explained.
So, was the $2,400 winning bid for the roll worth it? What coins did
the roll hold?
An ugly and unwanted surprise
A collector received an unwelcome surprise recently when he opened
several rolls of Uncirculated Lincoln cents he had purchased in 2012
and 2013. All of the cents in the rolls had ugly black spots on both
sides. What had happened, he asked the “Readers Ask” column.
Senior editor Paul Gilkes writes, “The black spots are commonly
referred to in numismatics as ‘carbon spots,’ and the spots cannot be
removed without leaving evidence of corrosion on the coins’ surfaces.
… The spots result from tiny carbon deposits in the copper oxidizing
in the air.” In short, the coins were damaged beyond repair.
A different kind of Civil War battle
When the Civil War began in 1861, the Confederate government turned
to a new security printer to produce its paper money. Since printing
money was worth money to the South’s printers, Wendell Wolka writes in
his “Collecting Paper” column, “Most of these printers played to win
and were not above ‘aggressive business tactics’ in order to win their
unfair share of the business.”
One of the partners in the firm of Leggett, Keatinge & Ball,
William Leggett, came to the attention of Confederate authorities when
they learned that one of his acquaintances was a Union spy. At the
urging of authorities, Leggett’s partners quickly ousted him from the firm.
Leggett would soon form a different partnership and, in an attack
against one of his old partners, accused Edward Keatinge of being
disloyal. “Aggressive business tactics,” indeed.
What gouged a 1924 Peace dollar die?
The VAM-1A 1924 Peace dollar is nicknamed the “Bar D” for the
vertical gouge under the D of GOD. What caused the gouge on the
obverse die that forms the “bar”?
John Roberts, writing in his “About VAMs” column, states, “While we
may never know the exact cause of the bold gouge, damage from a feeder
finger seems more likely than an errant slip of a workman’s tool.
Whatever happened, coarse polishing of the affected area followed the
event.” The polishing marks on the die, visible as raised lines on the
coins, are evidence that the Mint attempted to obliterate some of the
damage to extend the die’s useful life.
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