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    Money Bytes

    Joe O’Donnell, digital content producer, joined the Coin World editorial staff in 2014. Joe writes web content, manages Coin World’s social media accounts, compiles content for daily digital eNewsletters, and contributes on occasion to the print magazine. He has enjoyed interacting withCoin World readers while covering the sale of coins from the Saddle Ridge Hoard and the 50th anniversary Kennedy half dollar releases.

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    • How one group is putting $100,000 in dollar and half dollar coins into circulation

      Jun 5, 2015, 17:13 PM by

      More than three years and $85,000.

      Thats how long and how strong an effort to put $100,000 worth of dollar and half dollar coins into U.S. circulation has been.

      I stumbled across a thread on the Coin Community Family forum earlier this week titled, Project $100K. Circulating Dollar and Half Dollar Coins."

      Project $100K? Quite catchy.

      The threads originator, a user who goes by cc99999, explains the contest in the very first post:

      "I propose a Coin Community Forum project called Project 100K where we in the course of regular commerce spend $100,000 worth of golden dollar coins or half dollars. Post here with how many you spent, where, and what if any curious anecdotes you have regarding your transaction."

      That was posted on April 6, 2012. cc99999 announced in the post he had put the first $17 worth of Sacagawea and Presidential dollars (all AU or below, mind you) into the system: $4 at tolls, $3 on candy for his son, $10 at a movie theater concession stand.

      Since that first post, there have 4,137 replies, the most recent coming around 8:53 p.m. CT yesterday. User jack jackel spent $4 in dollar coins on lottery tickets, and $15.50 in halves and dollar coins at "the beer store."

      That $19.50 worth of dollars and half dollars put into circulation brought Project $100K down to Project $14,756.50. 

      Thats right, the threads loyalists have put $85,243.50 worth of dollar and half dollar coins into circulation since April 2012. And all of them are accounted for. (Its like Bitcoins block chain, only instead of virtual new-age currency, its keeping track of the total opposite.)

      Itd take me weeks to go through to find all the interesting things that people have exchanged high-denomination coinage for, but here are a few that Ive come across:

       

      • CelticKnot: "2 Prez for peaches at a fruit stand in Fredericksburg, TX" (June 3, 2015)
      • Garoyn: "$2 Sacagawea--cafeteria; cashier laughed, but took em" (June 2, 2015)
      • jack jeckel: "Dropped 350 in dollar coins on Sears, Roebuck, & Co paying my credit card bill." (Dec. 14, 2014)
      • Zoran: "Went to Denny's with my wife for breakfast; coffee is usually decent there but this time it was terrible. Left a $4 tip in halves." (May 18, 2014)
      • argentum: "$3 for a couple of bottles of beer from the grocery store after a graduation celebration shindig." (May 25, 2013)
      • AllezRoubaix: "2 G$ for a 5 layer burrito at Taco Bell, a glorious mess of nacho cheese, beef, sour cream, and refried beans, so unhealthy though." (March 11, 2013)
      • 1967Canadapenny: "$22.00 On an e string for my violin" (Nov. 8, 2012)

       

      Let the countdown continue!

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       Rolling Stones concert surprise source of half dollars in change

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      U.S. Mint explains depletion of inventory of 2014-W Eleanor Roosevelt First Spouse gold

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • The one that got away: Rare coins used at face value

      May 19, 2015, 16:33 PM by

      Nothing makes a numismatist cringe like someone letting a rarity pass through their hands unwittingly (unless it is passed into the hands of that numismatist).

      Along those lines, Coin World Facebook follower Jack Kennedy posted this on our wall:

      "I wanna hear a story if you've ever had someone you know, (spouse, sibling, etc.) unknowingly spend one of your coin pieces from your collection, as face value!"

      Here’s what we’ve heard so far:

      Ken Lemke: "The wife spent one of my $20 gem star notes on dog food. The identification of a star note was the dinner topic that evening."

      Elijah Homuth: "I didn't myself but a kid I know showed me like 8 Morgan dollars and bought stuff with them. Or that's what I heard. I wasn't there when he actually bought the stuff....But I heard he bought McDonalds."

      Louis Fiorella: "The kids cashing in pennies at machine when I looked down to see 2 Indian Heads moving on belt. I was able to grab but where did they come from, and what got by?"

      David Martin: "I have a nephew who works for the PSA, and someone came in last year and paid part of their water bill with a roll of pre-1964 quarters. At face value.."

      Jon Herrick: "Got a proof Statehood quarter in my change from a vending machine at work one day. I figure some kid cracked a set open and spent it."

      Paul Gunsallus: "Went to the local grocery store to pick up a few items. Thought I would stop to get a scratch-off at the lottery vending machine. Some old dude was having a difficult time getting his $1 to get accepted into the machine, when I noticed he had what I seen as an original $100 pack of consecutive serial numbered silver certificates. He was not getting any of them to get accepted and I offered to buy them so he could get some different $1's and he said, 'Mind your own business,' and walked out of the store."

      Paul Gunsallus: "I used to crack open Proof sets to submit Proof coins to PCGS. If I had a coin that didn't make my grade, I would just spend it. I must have dumped dozens of Proof coins that were already scratched up or whatever. On occasion, I would come across one in change.”

      Have a story? Share it in the comment section below!

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      One of two known 2014 American Eagle, Narrow Reeds tenth-ounce gold bullion coins sells for $28,650

      2015 March of Dimes Special Silver Set still 'Currently Unavailable' from U.S. Mint

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • The Ultra High Relief MCMVII (1907) Saint-Gaudens double eagle, explained

      May 8, 2015, 16:22 PM by
      As of May 7, the opening bid of $2.7 million for the Ultra High Relief MCMVII (1907) Saint-Gaudens double eagle being offered by Stack’s Bowers as part of its Rarities Night auction on May 20 has not been topped by a potential buyer.

      You may be wondering what’s behind that staggering opening bid, and what would be behind anyone bidding beyond that. 

      Here’s a quick explainer:

      First things first: What does Ultra High Relief mean?

      Ultra High Relief means the coin’s obverse and reverse designs have a three-dimensional physical depth and feel —a level of relief — not seen on the High Relief versions that were eventually approved for circulation production in 1907, and much higher than the lower relief coins that became standard later in the same year.

      Editor-at-Large Steve Roach, citing research published by various experts on the coin, wrote about the Ultra High Relief 1907 double eagles in the Oct. 7, 2013, issue of Coin World:

      "To achieve the desired effect, they were struck as many as nine times and were annealed between strikings (the annealing process heated the coin to a cherry-red color, and then the coin was cooled in a weak solution of nitric acid). The process gave the coins an otherworldly appearance with a surface of nearly pure gold, but this involved process was not suited to mass-production."

      So these Ultra High Relief coins must be rare, right?

      Right. Records indicate that only two dozen were produced, about 20 of which have known whereabouts today. 

      But why did Stack’s Bowers make the opening bid $2.7 million?

      That opening bid is based on past performance. In 2012, the exact same double eagle, which is rated Proof 69 by Professional Coin Grading Service, was sold at a Stack’s Bowers auction for $2.76 million. 

      A Proof 68 example sold in January 2015 by Heritage Auctions for $2.115 million.

      PCGS CoinFacts lists a value of $2.2 million for Proof 67 examples, $2.5 million for Proof 68 examples, and $2.7 million (the same as the opening bid) for the Proof 69 example being sold. 

      Can I get one without spending millions?

      Well, you can get a modern reinterpretation. But it’ll still cost you a nice chunk of change. 

      Steve explains in the same article:

      "In 2009 the U.S. Mint revisited a classic and produced a new Ultra High Relief $20 coin for collectors. It was made in a reduced diameter and was struck of pure .999 fine gold, rather than the 90 percent gold and 10 percent copper composition of normal double eagles. The design differed from the 1907 High Relief version in that the motto IN GOD WE TRUST was added to the reverse above the sun, consistent with $20 double eagles of 1908 to 1933. The 2009 issues contain an ounce of gold. Today examples sell at the $2,600 level in original Mint packaging."


    • 1933 Saint-Gaudens double eagle or 1913 Liberty nickel: Which is the 'holy grail'?

      Apr 29, 2015, 17:14 PM by

      Facebook is great for hashing out great coin debates. 

      Earlier this week, Coin World Facebook fan Jack Kennedy posed the following question

      "What's the bigger holy grail: 1933 Saint-Gaudens or 1913 Liberty nickel?"

      Kennedy is referring to the 1933 gold Saint-Gaudens double eagle—a coin that has been in the limelight recently with the recent news in the Langbord case—and the 1913 Liberty 5-cent coin with the "V" reverse, of which there are five known

      We put Kennedy's question to the entirety of our Facebook fandom, and here are a few of the responses we have received:

      Sharon Campbell: "Saint-Gaudens"

      Tony Turner: "1913 Liberty Nickel"

      Jess Sutton: "1913 Liberty Nickel"

      John Adams: "Of the choices, 1913 Liberty Nickel. We don't know how many 1933 Saint-Gaudens are out there, but we know there are only five 1913 Liberty Nickels. My actual answer would be 1964D Peace Dollar."

      Lawrence St John: "1933 Saint-Gaudens."

      Wiliam Kendig: "I would say they are the same. There are not many of these coins."

      Jeremy Russell: "There are only 5 nickels and something like 12 Saint-Gaudens, so probably nickels."

      Kathy Leaphart: "I would love to have either one technically the 1913 nickel isn't supposed to exist on the other hand the 1933 Saint was to be destroyed so neither should be in existence and anytime the government wants to they can step in and claim the coins!"

      Billy Dellinger: "'33 for sure."

      Bud Ward: "Saint"

      Allen Knight: "The gold ones!"

      Larry Thomas: "I've always been fascinated by the 1913 nickel"

      Cody Iannelli: "Tough question. I've seen 2 of each yes 2. I would have to say the 1933 Saint-Gaudens. It is a coin I've heard about all of my life. But ultimately it's your opinion that's all you need to go by."

      Alan Morgan: "The nickel should not have been made and took a coordinated effort within the mint to produce. The 33 Saint was produced in significant numbers with an unknown quantity being removed from the mint. Both examples could have undisclosed numbers hidden away, but in my opinion, the nickel takes the cup."

      Jim VanderRoest: "A beautiful coin lawfully struck versus an ugly one surreptitiously struck 'at best'; no contest, the 1933 Saint!"

      James Hyman: "1933 gold beauties"

      Phil N. Molé: "Saint-Gaudens. It's gold, it's rare, and it's beautiful. The portrait of Liberty on a V nickel looks like that of an aging schoolteacher who had her side profile picture snapped at the very moment she was looking down to adjust her panty hose. Sorry, but you know that it's true."

      Larry Edwards: "Saint-Gaudens"

      Coin World Managing Editor Bill Gibbs then chimed in:

      Coin World: "Lots of great comments on this post. Now I have a question of my own. The 1933 double eagles were struck legally, with authorization, yet the government maintains they are illegal to own, while the five 1913 Liberty Head nickels were struck without authorization and yet can be collected

      Bill received even more responses:

      Phil N. Molé: "In answer to that question, I cannot fully understand why the '13 Nickel is legal to own if the '33 double eagle is not. I guess the government may make a distinction that the '33 double eagle is legally government property since it was authorized to be struck and authorized for removal from circulation, so there is federal ownership implied in that case that wouldn't necessarily apply to a coin that was just struck on a whim without anyone's official sanction or involvement. But it's hard to shake the feeling that the fed's decision is at least a little capricious."

      Alan Morgan: "I think they fall under the same legal ruling applied to pattern coins…"

      James Hyman: "It probably has to do with the 1933 pieces being gold. But then the King Farouk piece should have also been deemed illegal."

      Jim VanderRoest: "The government seems to have been more tolerant of private possession of "unauthorized" coins before the 1933 gold confiscation. Remember that under FDR, more than $100 face of gold was supposed to surrendered for FRNs. But the the nineteenth century restrikes, for example, never seemed to get the contraband treatment. I have to agree with whoever wrote in a coin book that melting all that US gold coinage was one of the greatest acts of official vandalism in history."

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      The £34 million worth of silver coins from SS City of Cairo wreck have been melted

      What does the quick sellout of the silver Homestead bullion coin mean?

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!

       


    • The £34 million worth of silver coins from SS City of Cairo wreck have been melted

      Apr 21, 2015, 17:06 PM by

      We reported last week on the remarkable recovery of £34 million in silver rupees from the site of the SSCity of Cairo shipwreck that took place 500 miles off the coast of St. Helena in the south Atlantic in 1942.

      With good reason, people and media members like me were excited that $50 million worth of silver coins were pulled up from 17,000 feet under the surface of the ocean, a record depth according to Deep Ocean Search, the firm that carried out the recovery that received online publicity from Daily Mail,Reuters and CNN, among many others.

      After all, these are coins with a great story: the 296-passenger SS City of Cairo was bound for England from Bombay with its 100 tons of silver belonging to the UK Treasury when it was sunk by a Nazi U-boat.

      One might assume they would make for a great auction items or museum exhibit, right?

      Wrong.

      Here's an excerpt from The Guardian's coverage:

      "The salvage was completed in September 2013, but Deep Ocean Search has only now been given permission by the Department for Transport to announce it. The coins have since been melted down in the UK and sold, with the undisclosed sum divided between the Treasury and the salvagers."

      Melted? Undisclosed sum divided up?

      Buzzkill.

      Bill Gibbs, Coin World's senior news editor, was not surprised.

      "Well, the coins were probably mostly common and silver tends to deteriorate when exposed to saltwater," Gibbs wrote in an email to me.

      So I guess that's where the story ends. SS City of Cairo silver rupees, we hardly knew ye.


    • Apple Watch's gold gets company more bang for its buck

      Mar 11, 2015, 16:30 PM by
      aplwatch-clocksimple-pr-print
      The Apple Watch Edition features a gold-adorned face and will retail for $10,000.

      Image courtesy of Apple

      Precious metals analysis entered the mainstream this week.

      Apple’s ballyhooed new Apple Watch is set to be released later this spring, and the highest-end model, the Edition, features an 18-karat-gold-adorned face that leads to a retail price of $10,000. 

      Quite a price. And it could create quite a margin for Apple considering the 18-karat gold used is less expensive than typical 18-karat gold. 

      A BGR report published on March 9 cites a Leancrew analysis published on March 7 that explained the alloy used by Apple.

      According to Leancrew, Apple’s gold is not a standard alloy but a metal matrix composite:

      "Instead of mixing the gold with silver, copper, or other metals to make it harder, Apple is mixing it with low-density ceramic particles. The ceramic makes Apple’s gold harder and more scratch-resistant—which Tim Cook touted during the September announcement—and it also makes it less dense overall."

      Less dense means less gold, according to Leancrew, and that means lower production costs. Apple filed a patent application for the gold-making method.

      So if you were worried that the Apple Watch wasn’t going to make its company a lot of money, worry no more.

      More from CoinWorld.com:

      Coins from Alexander the Great era among treasures found in Israel cave

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      Commemorative coins honoring Mark Twain long overdue

      Please sign in or join to share your thoughts on this story.

      Keep up with all of CoinWorld.com's news and insights by 
      signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • From convention to couch to CoinWorld.com

      Jan 21, 2015, 17:01 PM by

      Theres nothing quite like the atmosphere of a big coin show like the recent Florida United Numismatist show in Orlando.

      The sight of a bustling bourse, the sound of an auctioneer as two bidders go back and forth over a lot, the smell of the fare from the convention center concession stand. (Well, that last one might not be so memorable.)

      Nothing compares to the in-person experience of a coin show, its true, but the Internet experience isnt so bad. And its a lot cheaper for out-of-towners.

      While Coin World Editor-in-Chief Steve Roach and Senior U.S. Coins Editor Paul Gilkes were on the ground in Orlando during the Jan. 7 to Jan. 11 FUN show, snapping pictures, taking video and reporting on the big developments of the weekend, I was back and forth between my office and my living room, taking it all in and making it all available for our online readers with the help of Senior News Editor Bill Gibbs and Editorial Assistant Fern Loomis.

      Social media, of course, is a major part of this.

      As Steve tweeted, Coin World retweeted. As Steve updated us on the $2.6 million Birch cent of Heritages Partrick Collection auction on Jan. 8, the Coin World Twitter account informed our readers about it. 

      Then, after Steve wrote up his analysis on the lots the next morning, we got it right out to our readers with an online post.

      For anyone that had been away from the site for awhile and might have missed out on all the FUN as it was happening, we compiled Steves tweets in one place, and all of our FUN coverage posts in another.

      While our Facebook fans and Twitter followers benefited from the personal touch of Steves in-person play-by-play, all of our readers benefited from the quick article turnaround that followed:

      Steve writes it; Bill and Fern proofread and edit it; I post it on CoinWorld.com and Coin World social media (completing the circle of online news life); and our readers consume it either through a direct visit, a Facebook post or tweet, or one of our free daily eNewsletters.

      Meanwhile, our Senior World Coins Editor Jeff Starck was in New York City, tweeting away at the New York International Numismatic Convention. Coin World was literally in two places at once, bringing its audience updates in real time. 

      The Internet certainly cannot replicate the in-person experience of covering a coin show. Nothing can. It does, however, provide multiple forms of direct communication, fun and personal angles, and most importantly, a speedy flow of information from the show to our readers—those who are at the show and those who, like me much of the time, are following along from their couch.

      More from CoinWorld.com:

      Error allows U.S. Mint customers to order and receive Proof 2015-S U.S. Marshals Service half dollars early

      All 2015 Kennedy half dollars to bear 1964 obverse design sculpt employed on 2014 50th Anniversary coins

      2015 Ultra High Relief 24-karat gold coin from U.S. Mint to carry $75 denomination

      Larry King interviews GreatCollections' Ian Russell about coins

      U.S. Mint sells nearly 3 million silver American Eagle bullion coins on opening day

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • Santa's paper money: Collecting Christmas

      Dec 9, 2014, 10:23 AM by
      saint-nicholas-bankjpeg

      'Twas the night before Christmas, when all through the house

      Not a creature was stirring, not even a mouse;

      The stockings were hung by the chimney with care,

      In hopes that St. Nicholas soon would be there;

      The children were nestled all snug in their beds;

      While visions of sugar-plums danced in their heads;

      And mamma in her 'kerchief, and I in my cap,

      Had just settled our brains for a long winter's nap,

      When out on the lawn there arose such a clatter,

      I sprang from my bed to see what was the matter.

      —Clement Clarke Moore’s A Visit from St. Nicholas

      The modern celebration of Christmas as a holiday, was formed in no small part on Dec. 23, 1823, when A Visit from St. Nicholas, also know as The Night Before Christmas, was published in the Troy Sentinel in Troy, N.Y.

      The poem established that Santa Claus rode in a sleigh pulled by eight reindeer, magically rose up chimneys and carried a pack of toys for good little girls and boys.

      Images inspired by the poem were placed on notes issued by more than 20 banks in eight states before the Civil War, when federal bills replaced privately issued bank notes.

      One of the banks that issued Santa Claus notes was—not surprisingly—the Saint Nicholas Bank of New York City. When the bank became a National Bank during the Civil War it’s Santa vignettes dropped from circulation.

      The Saint Nicholas vignettes on bills show Santa riding his sleigh, getting ready to go up a chimney, tiptoeing past a sleeping child and smoking his pipe.

      “Since banks often chose vignettes that would lead customers to have faith in the bank, it is not surprising that Santa Claus vignettes were chosen by some banks to help acquire confidence and goodwill,” former Heritage Auctions cataloger Kathy Lawrence wrote in an introduction to the 2012 sale of Roger H. Durand Santa Claus Collection.

      She noted,  “The banks may have also hoped that customers would set a lower denomination note aside as a keepsake due to the Santa vignette as well.”

      The notes are wildly popular with paper money collectors, difficult to find and expensive. When the notes appear at auction, they regularly sell for thousands and tens of thousands of dollars.

      More from CoinWorld.com:

      Time capsule from era of Paul Revere, Sam Adams discovered in Boston, leaks coins

      The man who spent $4.76 million on gold Nobel Prize medal has returned it to its owner

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      Numismatists at ICG identify previously unknown 1803 Draped Bust dollar obverse

      Federal judge sentences Liberty Dollar creator Dec. 2 to probation for 2011 conviction

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • What are you asking Santa for this Christmas?: Readers respond

      Dec 4, 2014, 11:50 AM by
      4_kennedy_gold_merged-
      Of course the gold 1964-2014 50th Anniversary Kennedy half dollar is on our readers' collective Christmas list.

      Images courtesy of the U.S. Mint

      Black Friday and Cyber Monday may be over, but I'm sure plenty of spouses, kids, significant others, and friends are still out there looking for a gift or two for the numismatist in their lives. (Along those lines: )

      I'm here to help. I asked our Coin World Facebook fans last month which numismatic items they'd like to see under the tree this year, and I received plenty of responses. 

      Shoppers, take note!

      • ?Todd Abshire: "I would love for my friend, Kenny Keller to buy me a nice 1893-S Morgan Dollar graded XF45 by PCGS."
      • Ken Lemke: "Seems like the Holiday season starts soon and sooner. Heck, I just put my grill away. Coins? Heck, I collect coins year round."
      • Bob Yamtich: "I hope I can get my wife to buy me the baseball commemorative half, as a good luck token to have in my pocket at games."
      • Michael Warner: "'21 Denver Walking Half. I have a soft spot for the series and I still need the key."
      • Gary Geiser: "4 MS64+ Morgans. Date unimportant - just need them to finish filling a box of 20."
      • John A. Zieman Jr.: "1792 Half Disme. Reason is because of the history and rumors of George and Martha Washington's donation of silverware to make them. Plus, one of the coolest looking coins ever…"
      • Alexandrea Zieman: "The Mar. 23, 1836 first steam coinage token. I would absolutely love one because I love this time period of the mint and the new technologies of the time. Plus its a nice looking coin."
      • Jack Kennedy: "Any barber quarter"
      • Jason Broom: "I'll take a monster box of pandas please..."
      • Robert A. Balduf: "I would love to get the 2014 American Silver Eagle Proof!"
      • Russell Morgan: "A Barack Obama memorial four cent piece!"
      • Mark Boyle: "1933 saint gaudens"
      • David Hollister: "Hoping an early commem shows under up under the xmas tree this year !"
      • Braydon Ballow: "Just the right amount of cash. To throw down on the best deal iv seen, for a slabbed 1925 D 2.5 dollar Indian Head. Mm baby"
      • Gordon G Murray II: "I know this is going to sound really stupid but I turned 50 this year so I'm hoping somebody in my family will get me something Kennedy related. What I really would like to get is the 2014 Silver Proof Set not the one with the presidents in it but that box set that they started in 2012 the net asset in 2013 so I'm assuming sometime in 2015 the release the 2014 set so I guess I would want a gift card to the US Mint so that I could get that set to add to my collection"
      • Elijah Homuth: "Any coin because every coin has a piece of history in it."
      • Gary Richards: "I would love a gold Kennedy, it's the only Kennedy issued this year that I don't have. I can't afford one."

      More from CoinWorld.com:

      Federal judge sentences Liberty Dollar creator Dec. 2 to probation for 2011 conviction

      Collectors love finding coins bearing the 'CC' Mint mark from the Carson City Mint

      Government, Langbord family present oral arguments as Philadelphia Court of Appeals hears 1933 $20 case

      Batman features on exclusive collector coins from Niue

      Collectors need to spot the difference between genuine and fake coin toning

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • What do you want from us? (Seriously, though.)

      Nov 24, 2014, 16:35 PM by

      On Monday, I posted my first Morning Report post, a short, easy-to-read compilation of several bite-size numismatic items. 

      In that first post, I touched on a new find within a well-known coin hoard, where gold and silver prices stood, a few other CoinWorld.com posts readers might be interested in, and embedded a Facebook post from The Royal Mint regarding the anniversary of Charles Darwin publishing On the Origin of Species.

      Coin World’s aim is to bring you these posts multiple times per week to give our readers a quick entry point for your consumption of coin and paper money news and insights.

      The idea of the Morning Report is to, as much as possible, give you a selection of our stories, to provide you with a sampling of the many areas we cover, all in one place.

      With that in mind, we would love for you to comment on this post or tell us via Facebook and Twitter what you would like see in the Morning Report going forward.

      Is it a quick news item? Links to popular CoinWorld.com stories? Gold and silver values? Social media finds?

      Tell us what you want more of!

      More from CoinWorld.com:

      United States Mint resumes silver American Eagle sales Nov. 17 to satisfy voracious investor demand

      None of Kennedy half dollars in two-coin 50th Anniversary set graded Specimen 70

      Can ISIL issue its own coins?

      More than 2,000 19th century silver coins in mud-pot hoard discovered in India

      Collector finds 1969-S DDO Lincoln cent after searching through 12,000 cents in rolls

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • 6 things to know about America's Thanksgiving coin, the Pilgrim Tercentenary half dollar

      Nov 18, 2014, 14:54 PM by
      pilgrim_edited
      The Pilgrim Tercentenary half dollar was a two-year issue produced in 1920 and 1921.

      Images courtesy of PCGS CoinFacts

      Thanksgiving is approaching, when many Americans chow down on turkey, mashed potatoes and cranberry sauce and reflect on the peace and harmony between the Pilgrims and Native Americans during the inaugural feast at Plymouth Colony.

      Don’t we?

      Yes or no, some collectors of early U.S. commemoratives don’t need the stuffing and pumpkin pie to be reminded of those early settlers, because they have a Pilgrim Tercentenary half dollar or two. 

      Here are the basics on the most Thanksgiving-y coin around:

      1) When was the Pilgrim Tercentenary half dollar issued?

      The Pilgrim Tercentenary half dollar was a two-year issue produced in 1920 and 1921, 300 years after William Bradford and his Puritan Separatists landed in Plymouth Colony, which is now the Cape Cod area.

      The anniversary dates 1620 – 1920 appear on the reverse of the coins. The second year’s coins have the date 1921 on the obverse to indicate the year of issue, while the 1920 coins lack a corresponding 1920 on the obverse.

      2) What is on the coin?

      Boston sculptor Cyrus E. Dallin designed the coin’s obverse and reverse, with the former featuring “a stylized portrait of Bradford depicted on the obverse of the commemorative half dollar in typical Pilgrim garb, wearing a conical hat and carrying a Bible under his arm," Michele Orzano wrote in a 2000 Coin World article.

      The reverse features a rendition of the Mayflower, the famous ship Bradford and the Separatists arrived on.

      3) Is that what the Mayflower really looked like?

      No, in fact Dallin's version of the vessel was met with criticism, Paul Gilkes wrote in a 1995 Coin World article. 

      "The Mayflower as it appears on the half dollar, is depicted with a flying jib, a triangular sail set on a stay extending from the head of the foremast to the bowsprit, or jib boom,” Gilkes wrote. "At the time the Pilgrims landed on Plymouth Rock in late 1620, that type of sail had not yet been put into marine use.”

      4) How many coins were struck and how many are still around today?

      The legislation authorizing the Pilgrim Tercentenary half dollar ordered 300,000 coins to be struck, Orzano’s article reads. The first strike in 1920 saw 200,112 coins produced, though 48,000 were melted, leaving a final mintage of 152,112. The dated 1921 versions had an original mintage of 100,053, but a final mintage of only 20,053 after 80,000 of those were melted down. 

      5) How much do they cost?

      According to Coin World’s Coin Values, a 1920 Pilgrim Tercentenary half dollar is worth between $60 for a VF-20 example and $750 for an MS-66 example. 

      The range for the 1921 issue is between $100 for a VF-20 example and $1,000 for one grading MS-66. 

      6) Are there any notable errors?

      Yes. In a Collectors’ Clearinghouse column from the July 6, 2009, issue of Coin World, Bill Fivaz focused on the discovery of new stages of a previously identified die crack on the reverse of the 1920 issue. 

      The first stage is characterized by "a small die crack between the mainmast and the mizzenmast (the aft-most mast) of the Mayflower,” Fivaz writes. It progresses through three more stages into what Fivaz refers to as a “huge” die break.

      "This is an interesting and dramatic die break progression, with the later stages of the die break so large that the variety is potentially collectible,” Fivaz wrote.

      More from CoinWorld.com:

      Can ISIL issue its own coins?

      United States Mint resumes silver American Eagle sales Nov. 17 to satisfy voracious investor demand

      More than 2,000 19th century silver coins in mud-pot hoard discovered in India

      Coveted' 1965 Washington quarter planchet error among unusual auction items: Whitman Expo Market Analysis

      Collector finds 1969-S DDO Lincoln cent after searching through 12,000 cents in rolls

      Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewslettersliking us on Facebook, and following us on Twitter. We're also on Instagram!


    • You bought it: 1883-CC Morgan dollar from GSA hoard, 1958 Italian Lire coin

      Oct 27, 2014, 15:50 PM by
      1883-cc-morgan
      An 1883-CC Morgan dollar like this, an MS-67 example, is among the purchases Coin World Facebook fans reported Monday.

      Image courtesy of PCGS CoinFacts

      As part of our continued conversation with our readers, I like to ask Coin World Facebook fans to share about the numismatic purchases they've made recently.

      Below are the recent purchases our fans told us about on Facebook along with the reasoning behind the buys:

      • ?Todd Abshire: "Three more certified toners for my collection."
      • Jared Grove: "Picked up an 1892 Colombian Half Dollar commemorative (NGC MS64 CAC) for use in guest speaking to an American history class. What better to start with than the maiden voyage of 1492!”
      • Julio Jimenez: "Picked up an 1883-cc Morgan Silver Dollar, MS-64, GSA Hoard. At the same time Two Morgans and two peace dollars I had certified by NGC seem to have been lost in the mail. Good times in numismatics!!!!!!!”
      • Phil N. Molé: "Not much this week. I did get a 1958 Italian 500 Lire coin -- I always get those when they're reasonable prices. Beautiful, slightly smaller than a US half dollar and about 83% silver."
      • Jay Painter: "Was bidding on a 1857 flying eagle cent with a $20 eagle die clash.....someone ended it early, slightly let down!"
      • Rick Snow: "2012 1 oz Silver Australian Lunar Year of the Dragon Coin silver grey-pink colored"

      Want us to add your weekend purchase to the list? Tell us about it in the comment section below.

      More from CoinWorld.com:

      California man finds gold nugget weighing more than 70 ounces in Butte County

      Early buyers of 2015 U.S. Marshals Service coins prohibited from quickly profiting

      2015 Panda bullion, collector coins lack inscriptions for weight, metal, fineness

      U.S. Mint announces product limits for Kennedy silver, copper-nickel clad sets

      Longtime dealer observes huge differences in numismatic hobby in more than 50 years


    • Should Franklin Roosevelt be taken off the U.S. dime?

      Oct 3, 2014, 16:31 PM by
      1_100g-mod2_merged
      Pictured here is a Proof 1975-S Roosevelt, No S dime, one of the rarest Roosevelt dimes. Is the coin in need of a change?

      Coin World image

      The Roosevelt dime is the only circulating U.S. coin that has not gone through a redesign. Do you think it should be redesigned, and if so, who of these individuals would you prefer to see on the coin? 

      Coin World’s most recent poll question about the future of the U.S. dime and who should grace it has gotten plenty of response this week, both quantitative and qualitative. 

      In terms of the quantitative, poll voters so far are leaning toward Lady Liberty as Franklin Roosevelt’s successor. As of 1:52 p.m. Eastern Time on Friday, Oct. 3, 27 percent of voters said Liberty should be put on a redesigned dime. 

      Twenty-six percent of voters said the Roosevelt design should not be changed, while 24 percent voted for Ronald Reagan as a replacement. 

      A new Franklin Roosevelt portrait had the support of 12 percent of voters, and 11 percent wanted the likeness of an elder Roosevelt, Theodore, to take over on the 10-cent piece.

      As for the qualitative feedback, our Facebook fans have chimed in, and here are a few of their responses:

      • Shawn Savage: "Please no more dead Presidents. I would love to see us go back to designs of Lady Liberty"
      • Bret Swanie: "Reagan or keep the same"
      • Mike McCall: "Reagan"
      • Daniel Pon: "FDR was one of our greatest presidents so he should stay. Perhaps change the reverse to reflect his accomplishments. They could retire the Kennedy half. As much loved as he was, he didn't have the time to leave as big a legacy as the other presidents commemorated. Theodore Roosevelt is the most prominent president not to have appeared on a circulatingcoin and is loong overdue for the recognition."
      • Paul Gunsallus: "Are you people serious??? We are in a time of American circulating coinage that has seen very little change with regards to our money. We have had Washington on the quarter since 1932 and he continues, Jefferson continues on the Nickel since 1938 with no more change in sight. Lincoln has been on since 1909 and not a single person will be alive that was living during a time during a different Cent. The Kennedy has now celebrated its 50th. Why are we even talking about keeping ANY DEAD Presidentson our money? Our money is flat and ugly with no relief, and we need to see something new come to the Dime if it is going to be redesigned, instead of anyone that was a President. There are many things to be put on a coin. If you want to look at America, the one thing that hasn't been put on a coin other then the Kentucky Quarter is a Horse. It is a fantastic symbol of the great American West. That is just one idea. Please, please do not put any more Politicians on our money. Enough is enough."
      • Mark Boyle: "Bring back the mercury dime, for good."

      What do you think should happen with the U.S. dime? Vote in our Coin World poll and then explain your vote on Facebook!

      More from CoinWorld.com:

      U.S. Mint gets ready to launch four-coin Kennedy silver half dollar set on Oct. 28

      Rare issue 1879-CC Morgan dollar in black GSA holder sold for $42,777: 'Buy the Holder' Market Analysis

      Morgan dollar in GSA holder disproves old adage, U.S. Mint monthly gold sales double: Week's Most Read

      Gold American Eagle bullion coin sales from U.S. Mint more than double in September

      Five sure-fire ways to make money in coins: Buy blue chips


    • You bought it: 1920 Standing Liberty quarter, silver cannabis round

      Sep 29, 2014, 10:30 AM by
      24072223_24497488_2200_edited
      A 1920 Standing Liberty quarter dollar, similar to this one, is among the recent numismatic purchases our Coin World Facebook fans told us about.

      Images courtesy of PCGS CoinFacts

      ?As part of our continued conversation with our readers, I like to ask our Coin World Facebook fans to hare about the numismatic purchases they've made recently.

      Below are the recent purchases our fans told us about on Facebook along with the reasoning behind the buys:

      • Todd Abshire: "Two more certified toned Morgan Dollars."
      • Adam Jankos: "1886s & 1901s $5 liberty gold"
      • John Mallon: "$100 face value of %90 junk silver (halves)..... Because I think it was a really good investment"
      • Josh Lasater: "A Franklin a walking liberty 5 Rosies and a merc"
      • Kevin Smith: "1920 standing liberty quarter. AU 53. Because it was a great deal."
      • Jay Painter: "LP2 Lincoln mint sets, for the ddr's/ddo's. 2 sets, 3 different ddr's, and a ddo!"
      • Matt Kidd: "I bought a silver bullet silver shield cannabis round."
      • Sean Boyer: "1827 AU55 Square base '2' Capped Bust Half Dollar."

      Want us to add your weekend purchase to the list? Tell us about it in the comment section below.

       


    • You bought it: 1956 toned Franklin half, 1964 Kennedy rolls

      Sep 22, 2014, 11:19 AM by
      franklin_half_edited
      A 1956 Franklin half dollar is among the recent purchases our Coin World Facebook fans shared with us.

      Images courtesy of PCGS CoinFacts

      ?As part of our continued conversation with our readers, I like to ask our Coin World Facebook fans to share about the numismatic purchases they've made recently. 

      Below are the weekend purchases our fans told us about on Facebook along with the reasoning behind the buys:

       

      • Michael Pillion: "1956 toned Franklin half in BU condition because I needed it for my toned BU set of Franklins"
      • Jeff Blair: "1881 CC Morgan dollar MS-65 I'm finishing up my CC dollars for the Morgan series"
      • Todd Abshire: "PCGS MS66 Toned 1976 Bi-centennial quarter for my toner type set."
      • Mark Overman: "A nice 1867 two cent piece from Charmy (The Penny Lady). Because it was pleasing to my eye."
      • Jared Grove: "Purchased a few BU rolls of 64 Kennedys. Always one of my favorite coins and with silver hitting new lows it might be a good time to load."
      • Jack Kennedy: "1964 proof set. First kennedy half, last of the silver"
      • Gary Richards: "I bought the annual dollar coin set and rolls of the 's' mint quarters from the mint. keeping up on annual sets and rolls for my collection. I've been dealing with the mint since 1973."

       

      Want us to add your weekend purchase to the list? Tell us about it in the comment section below.


    • You bought it: 1908 Barber half dollar, 1986 gold American Eagle

      Sep 8, 2014, 12:58 PM by
      barberhalf1908_edited
      A 1908-D Barber half dollar was among the coins our Facebook fans and Twitter followers say they purchased recently.

      Image courtesy of PCGS CoinFacts

      As part of our continued conversation with our readers, I like to ask our Coin World Facebook fans and Twitter followers to share about the numismatic purchases they've made recently. 

      Below are the weekend purchases our fans and followers told us about on Facebook and Twitter:

      • Chad Hartzell: "Roll of mercs"
      • Andy Dempster: "70 silver roosevelt dimes at spot price"
      • Kevin Smith: "1908 D Barber half." (Example pictured at left.)
      • Steven Genovese: "1986 American Gold Eagle in MS 69. Beautiful since it's first series of this coin."
      • David Rickley: "1895-O Barbara dime" (Let's assume David meant an 1895-O Barber dime.)
      • Joshua H. (@eparses): "I got some Finnish, British, Chinese, Ethiopian, Hong Knog and Bahamian coinage."
      • Bear Johnson: "1850 seated lib dime and an 1836 large cent for $10.00... I love yard sales"

      Want us to add your weekend purchase to the list? Tell us about it in the comment section below.