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COINage The magazine for coin collectors and investors

July 2018

COINAGE

0

71658 02039

9

07

U.S. $4.99 Vol 54 No. 07 Issue code: 2018-07 July 2018 Display until 07/17/2018 Printed in the U.S.A. coinagemag.com


Own The Greatest Gold Treasure

“SHIP OF GOLD”

6Front / Back 6

LAST CHANCE

While Supplies Last!

SS CENTRAL AMERICA

Millions of Dollars of Sunken Treasure There is a sense of excitement whenever sunken treasure is discovered. In March 1992, Life Magazine called the SS Central America “The Greatest Treasure Ever Found.” Back in September of 1857, major New York banks, business and individuals were eagerly awaiting the arrival of the SS Central America with a large shipment of California Gold Rush bullion, ingots, nuggets, gold dust and San Francisco Mint coins. When news came through the telegraph wires that the ship had sunk off the coast of North Carolina, the country went into a panic. It was a time when the country relied on gold to back its banking transactions. Banks closed, businesses went bankrupt and the financial Panic of 1857 deepened. This is the gripping story of the ill-fated sailing in 1857. Some initial gold was recovered and quickly sold in 2000, but many of us were wondering if we would ever lay eyes on more of this treasure again. Now, finally, more of the ship’s treasure was recovered in 2014 and is now available – including some of the gold coins and gold dust recovered! Rescue your own piece of the SS Central America treasure before it is quickly gone again!

For more pictures and information on the Ship of Gold go to: www.universalcoin.com/treasure

Shop Online

One Gold Pinch A “Pinch of Gold” was a unit of money used in commerce like in saloons to buy drinks. One gold pinch approximates the gold value of private mint 50¢ California fractional gold coins that were in use in 1857. Genuine California gold rush gold dust is rare as it was typically melted for ingot or coin production. Featured on CBS This Morning February 20, 2018

PCGS Certified Pinch of Gold In individually numbered holders, certified as recovered from the 1857 shipwreck by Chief Scientist Bob Evans. As low as

$

130 FREE SHIPPING 00

No Dealers Please Check or Money Order

each • (check/wire price) Limit 10 per household

Price subject to change • Availability not guaranteed

1.800.822.4653

Vault Verification: UCOAGTC0718

Offer Expires: 07/06/18

Call to speak to an Account Representative about the different dates, grades and denominations available.

Follow Dr. Mike Fuljenz

Beaumont, TX

Official Rare Coin & Bullion Dealer of the Southland Conference Please read important customer disclosures on our website or that accompany products purchased, including arbitration agreement.

Images for representation only and are not to scale. Beaumont, TX | Texas Telemarketing Registered #2010-0004 • Texas Registered Precious Metal Dealer #0100913 • Beaumont Registered Precious Metal Dealer #2012-04


COINage July 2018

I

Volume 54

I

Number 7

Cover Photos: 6/$10 Million at Auction (PCGS, background Getty Images); 6/Billionaires Buying Coins: 1787 DBLN Brasher Doubloon, MS-63 NGC/CAC sold by Heritage, over $5 million, 2018 (Scott Travers) 62/New Digital Coins (Getty Images); 24/Greatest Coin Events in History (Q. David Bowers)

Investing in Key-Date United States Coins

8

Historical Price Performance Data Sheds Light on the Coin Market by Joshua McMorrow-Hernandez

Collecting Bust Dimes for Fun and Profit

18

Two of America’s Top Collectors Share Secrets for Success by Barry Sunshine and Charles Link

The Two Greatest Events in the History of U.S. Coins

24

Other spectacular episodes – the runners up – are chronicled by Q. David Bowers

The Copper and Silver Market Basket of Rare Coins

54

Gold Bullion Handily Outperforms the Market Basket by David L. Ganz

It’s News to Me Market Report COINage Confidential Price Guide On rare occasions, inadvertent typographic errors occur in coin prices listed in advertisements. For that reason, advertisements appearing in COINage should be considered as requests to inquire rather than as unconditional offers of sale. All prices are subject to change without notice.

PRINTED IN U.S.A.

July 2018

DEPARTMENTS 4 Show Dates 6 COINage Kids 28 Take Note 32

58 60 62

COINage (ISSN 0010-0455) is published monthly by Beckett Media LLC, 4635 McEwen Rd., Dallas, TX 75244. Periodicals postage paid at Dallas, TX 75260 and at other mailing offices. Printed in U.S.A. Copyright 2018 by Beckett Media, LLC. POSTMASTER: send address changes to COINage c/o Beckett Media, 4635 McEwen Rd., Dallas, TX 75244 or subscriptions@beckett.com. © 2018 by Beckett Media, LLC. All rights reserved. Reproduction of any material from this issue in whole or in part is strictly prohibited.

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NORWOOD COIN

FAST DEPENDABLE SERVICE QUALITY COINS AT COMPETITIVE PRICES SEND FOR OUR FREE CATALOGUE

501 Columbia Turnpike • Rensselaer, NY 12144

Special Prices On 1st Year TYPE COINS AND STARTER SETS

CHOICE PROOF SETS

Government Issue Superior Quality 1954................ 95.50 1955 FP ......... 125.50 1956................ 61.50 1957................ 29.50 1958................ 32.50 1959................ 29.50 1960................ 28.50 1960 SD .......... 32.50 1961................ 24.00 1962................ 23.50 1963................ 23.50 1964................ 24.00 1968-S............... 7.50 1969-S............... 7.50 1970-S............. 11.50 1971-S............... 5.50 1972-S............... 5.50 1973-S............... 9.00 1974-S............. 11.00 1975-S............. 10.50 1976-S............... 9.50 1976-S 3pc ...... 23.50 1977-S............... 8.50 1978-S............... 7.50 1979-S............... 8.50 1979-S T2 ........ 55.50 1980-S............... 6.50 1981-S............... 6.50 1982-S............... 6.00 1983-S............... 6.00 1984-S............... 6.00 1985-S............... 5.50 1986-S............... 6.50

1987-S............... 5.50 1988-S............... 6.50 1989-S............... 5.50 1990-S............... 7.00 1991-S............... 5.50 1992-S............... 6.00 1993-S............... 6.50 1994-S............... 6.50 1995-S............. 11.50 1996-S............... 9.00 1997-S............... 9.50 1998-S............. 11.50 1999-S............... 9.50 2000-S............... 7.50 2001-S............. 11.50 2002-S............... 9.50 2003-S............... 8.50 2004-S............. 11.50 2005-S............... 7.50 2006-S............. 10.50 2007-S............. 16.50 2008-S............. 35.00 2009-S............. 24.50 2010-S............. 35.50 2011-S............. 35.50 2012-S........... 119.00 2013-S............. 35.50 2014-s ............. 39.50 2015-S............. 37.50 2016-S............. 50.00 2017-S............. 32.00 2018-S............. 31.00

CHOICE MINT SETS Government Issue

1962..................42.50 1963..................35.50 1964..................32.50 1965 SMS ..........11.50 1966 SMS ..........11.50 1967 SMS ..........11.50 1968....................8.50 1969....................8.50 1970..................19.50 1971....................5.50 1972....................4.50 1973..................13.50 1974....................7.50 1975....................9.50 1976....................9.50 1976 3pc ...........18.50 1977....................8.50 1978....................8.50 1979....................6.50 1980....................7.00 1981..................11.50 1984....................5.50 1985....................5.50 1986....................9.00 1987....................5.50 1988....................5.50 1989....................4.50 1990....................5.00

1991....................6.00 1992....................5.50 1993....................6.50 1994....................5.50 1995....................5.50 1996..................19.50 1997....................5.50 1998....................5.50 1999....................9.50 2000....................9.50 2001....................9.50 2002....................9.50 2003..................11.50 2004..................10.50 2005....................9.50 2006..................10.50 2007..................20.50 2008..................39.50 2009..................25.50 2010..................24.50 2011..................24.50 2012..................69.50 2013..................30.50 2014..................30.50 2015..................30.00 2016..................34.00 2017..................25.00

SILVER PROOF SETS 1992-S...............20.50 1993-S...............27.50 1994-S...............25.50 1995-S...............50.50 1996-S...............28.50 1997-S...............33.50 1998-S...............24.50 1999-S...............85.50 2000-S...............33.50 2001-S...............45.50 2002-S...............37.50 2003-S...............37.50 2004-S...............37.50 2005-S...............37.50

2006-S...............37.50 2007-S...............42.50 2008-S...............42.50 2009-S...............49.50 2010-S...............49.50 2011-S...............65.50 2012-S.............215.50 2013-s ...............65.50 2014-s ...............59.50 2015-S...............59.50 2016 -S .............75.00 2017 -S .............58.00 2018 -S .............55.00

PRESTIGE SETS 1983-S.............42.00 1984-S.............27.00 1986-S.............24.00 1987-S.............24.00 1988-S.............30.00 1989-S.............33.00 1990-S.............28.00

2

1991-S.............37.00 1992-S.............42.00 1993-S.............38.00 1994-S.............36.00 1995-S.............77.00 1996-S...........299.00 1997-S.............59.00

1909 LINC 1¢ CH BU R/B ....................................................19.95

5 DIFF MERCURY 10¢* CH BU ..............................................39.00

1909-VDB LINC 1¢ CH BU R/B .............................................19.95

5 DIFF PRE 1965 SILVER* ROOSEVELT 10¢ GEM PF ..............19.00

1883 NC LIBERTY 5¢ CH BU ................................................25.95

4 DIFF PRE 1965 SILVER* WASHINGTON 25¢ PRF ................29.00

1913 T1 BUFFALO 5¢ CH BU................................................29.00

10 DIFF CLAD PRF*WASH 25¢ PRE 1999 ...............................9.95

1913 T2 BUFFALO 5¢ CH BU................................................34.95

5 Diff WALK LIB 50¢* CH AU ................................................99.00

1938 JEFFERSON 5¢ CH BU ..................................................9.95

10 DIFF FRANKLIN 50¢* CH BU ..........................................189.00

1916 MERCURY 10¢ CH BU FSB ..........................................49.00

3 DIFF FRANKLIN 50¢* GEM PROOF .....................................45.00

1917 T1 STAND LIB 25¢ CH BU FH ....................................249.00

10 DIFF KENNEDY 50¢* GEM CLAD PROOF ..........................29.95

1932 WASHINGTON 25¢ CH BU ...........................................29.00 1964 KENNEDY 50¢ GEM PROOF ........................................19.00 *DATES OF OUR CHOICE

1971-S TO 1974-S SIL IKE $ALL 4 CH BU .............................45.00

MORGAN & PEACE SILVER DOLLARS Very Select Brilliant Uncirculated Hand Selected for Full Luster Premium Quality! MS61+ Morgan Dollars 1878 7F ................89.00 1878 8F ..............170.00 1878 7/8 ............170.00 1878-S..................69.00 1878-CC ...........385.00 1879.....................59.00 1879-O ................99.00 1879-S..................55.00 1880.....................47.00 1880-O ................99.00 1880-S..................52.00 1880-CC ...........490.00 1881.....................55.00 1881-O ................55.00 1881-S..................52.00 1881-CC ...........495.00 1882.....................47.00 1882-CC ...........205.00 1882-O ................49.00

Morgan Dollars 1882-S..................57.00 1883.....................49.00 1883-O ................40.00 1883-CC ...........205.00 1884.....................49.00 1884-O ................40.00 1884-CC ...........195.00 1885.....................40.00 1885-O ................40.00 1885-S................255.00 1885-CC ...........695.00 1886.....................43.00 1886-S................325.00 1887.....................43.00 1887-O ................75.00 1887-S................129.00 1888.....................49.00 1888-O ................72.00 1888-S................325.00

Morgan Dollars 1889.....................40.00 1889-S................255.00 1890.....................44.00 1890-O ................85.00 1890-S..................70.00 1891.....................70.00 1891-S..................85.00 1896.....................44.00 1897.....................44.00 1897-S..................82.00 1898.....................44.00 1898-O ................50.00 1898-S................249.00 1899...................245.00 1899-O ................49.00 1900.....................45.00 1900-O ................44.00 1900-S................295.00

Morgan Dollars 1901-O ................49.00 1901-S................519.00 1902.....................85.00 1902-O ................49.00 1903.....................62.00 1903-O ..............390.00 1904...................125.00 1904-O ................52.00 1921.....................42.00 1921-D .................45.00 1921-S..................45.00 Peace Dollars 1922.....................32.00 1922 D .................47.00 1922 S..................48.00 1923.....................32.00 1923 D .................75.00 1923 S..................46.00

Peace Dollars 1924.....................32.00 1924 S................239.00 1925.....................34.00 1925 S..................95.00 1926.....................55.00 1926 D .................85.00 1926 S..................55.00 1927.....................79.00 1927 D ...............175.00 1928...................399.00 1928 S................189.00 1934...................115.00 1934 D ...............125.00 1935.....................80.00 1935 S................270.00

COMPLETE SETS

COMMON DATE ROLLS

(BU Sets in Deluxe Album)

G/VG or Better

Full G & Better

Indian Cents (50 pcs.) ........................................ 75.00 Liberty Nickels (40 pcs.) ..................................... 49.00 Buffalo Nickels (40 pcs.) Full Date ....................... 28.00 Barber Dimes (50 pcs.) .................................... 139.00 Mercury Dimes (50 pcs.) .................................... 89.00 Walking Lib. Halves (20 pcs.)* ......................... 169.00 Kennedy Halves (1964) (20 pcs.) BU ............... 169.00 Morgan Dollars VF/XF ( NO 21) ......................... 599.00 Mixed Dates of Our Choice SEND OR CALL US 518-477-2193 FOR FREE MONTHLY PRICE LIST

CH BU

Lincoln Cents (1941-1958) R / B.............................................................. 7.95.................................. 69.00 Jefferson Nickels (1938-1961) ............................................................... 49.00................................ 399.00 Roosevelt Dimes (1946-1964)................................................................ 79.00................................ 249.00 Washington Quarters (1941-1964)....................................................... 469.00................................ 695.00 Walking Liberty Halves (1941-1947) .................................................... 179.00................................ 749.00 Franklin Halves (1948-1963) ................................................................ 275.00................................ 760.00 Peace Dollars (1921-35) F & Better ..................................................... 950.00....................................... — Eisenr. Dollars (Incl. Prfs.) 32 Coins ........................................................... —................................ 195.00 S.B.A. Dollars (Incl. Prfs.) 18 Coins ............................................................ —................................ 265.00

SEND OR CALL US AT 518-477-2193 FOR FREE MONTHNLY PRICE LIST

SILVER EAGLES CH BU GEM PROOF

1986..................... 40.00 ................. 49.00 1987..................... 24.00 ................. 49.00 1988..................... 28.00 ................. 49.00 1989..................... 28.00 ................. 49.00 1990..................... 28.00 ................. 49.00 1991..................... 28.00 ................. 49.00 1992..................... 28.00 ................. 49.00 1993..................... 28.00 ................. 70.00 1994..................... 38.00 ............... 149.00 1995..................... 34.00 ................. 55.00 1996..................... 67.00 ................. 55.00

CH BU GEM PROOF

1997..................... 30.00 ................. 65.00 1998..................... 28.00 ................. 55.00 1999..................... 28.00 ................. 49.00 2000..................... 28.00 ................. 49.00 2001..................... 24.00 ................. 49.00 2002..................... 24.00 ................. 49.00 2003..................... 24.00 ................. 49.00 2004..................... 24.00 ................. 49.00 2005..................... 24.00 ................. 45.00 2006..................... 24.00 ................. 45.00 2007..................... 24.00 ................. 45.00

CH BU GEM PROOF

2008..................... 24.00 ................. 45.00 2009..................... 23.00 ......................n/a 2010..................... 23.00 ................. 45.00 2011..................... 23.00 ................. 45.00 2012..................... 23.00 ................. 45.00 2013..................... 23.00 ................. 45.00 2014..................... 23.00 ................. 49.00 2015..................... 23.00 ................. 49.00 2016..................... 24.00 ................. 59.00 2017..................... 23.00 ................. 59.00 2018..................... 23.00 ................. 59.00


STRICTLY GRADED CIRCULATED

mOrGaN & PEaCE DOllarS

TYPE COINS IN CHOICE GRADES (DATES OF OUR CHOICE)

1/2¢ DRAPED (1800-08) 1/2¢ CLASSIC (1809-36) 1/2¢ BRAID (1849-57) 1¢ CLASSIC (1808-14) 1¢ CORONET (1816-39) 1¢ BRAIDED (1839-57) 1¢ FLYING EAGLE 1¢ 1859 INDIAN 1¢ IND. C.N. (1860-64) 1¢ IND BR (1864-09) 2¢ PIECE (1864-73) 3¢ NICKEL (1865-81) 3¢ SILVER (1851-73) 1/2D BUST (1829-37) 1/2D STD STRS (1838-60) 1/2D STD ARRS (1853-55) 1/2D STD LEG (1860-73) 5¢ SHIELD RAYS (1866-67) 5¢ SHIELD NR (1867-83) 5¢ LIBERTY NC (1883) 5¢ LIBERTY WC (1883-12) 5¢ BUFFALO (1913 T1) 10¢ SM SZ BUST (1829-37) 10¢ STD STARS (1838-60) 10¢ STD ARRS (1853-55) 10¢ STD LEG (1860-91) 10¢ BARBER (1892-1916) 20¢ PIECE (1875-78) 25¢ SM SZ BUST (1830-37) 25¢ STD N.M. (1838-66) 25¢ STD ARRS/RAYS (1853) 25¢ STD ARRS (1854-55) 25¢ STD W.M. (1867-91) 25¢ BARBER (1892-12) 25¢ S.L. T1 (1917) 25¢ S.L. T2 (1925-30) 50¢ CAP BUST (1807-36) 50¢ BUST R.E. (1836-39) 50¢ STD N.M. (1839-66) 50¢ STD A/R (1853) 50¢ STD ARRS (1854-55) 50¢ STD W.M. (1866-91) 50¢ BARBER (1892-1915) $1 STD N.M. (1840-66) $1 STD W.M. (1867-73) $1 TRADE (1873-85)

fraNKlIN HalvES*

Strictly Graded Better Date

CH VF

CH XF

220.00 85.00 85.00 895.00 63.00 35.00 45.00 42.00 25.00 4.50 25.00 22.00 59.00 99.00 27.00\ 27.00 28.00 85.00 36.00 10.00 12.00 19.00 79.00 25.00 32.00 22.00 8.00 175.00 149.00 40.00 42.00 42.00 38.00 27.00 79.00 14.00 89.00 120.00 79.00 95.00 80.00 80.00 119.00 425.00 425.00 185.00

390.00 99.00 99.00 00 125.00 50.00 125.00 95.00 45.00 9.00 40.00 35.00 65.00 150.00 57.00 57.00 44.00 139.00 59.00 12.00 29.00 21.00 249.00 47.00 49.00 30.00 24.00 215.00 370.00 69.00 159.00 75.00 65.00 55.00 115.00 30.00 149.00 190.00 119.00 249.00 135.00 110.00 185.00 520.00 500.00 275.00

Date

VF

1879-CC 1883-S 1884-S 1885-S 1886-S 1888-S 1890-CC 1891-CC 1891-O 1892 1892-CC 1892-O 1892-S 1893 1893-CC 1893-O 1894-O 1894-S 1895-O 1895-S 1896-O 1896-S 1897-O 1901 1903-S 1904-S 1921 Peace 1928 1934-S

295.00 35.00 45.00 49.00 85.00 140.00 105.00 105.00 30.00 42.00 230.00 35.00 120.00 290.00 625.00 349.00 50.00 109.00 275.00 595.00 40.00 49.00 40.00 55.00 180.00 59.00 99.00 239.00 75.00

XF

AU

719.00 — 49.00 109.00 75.00 199.00 60.00 119.00 115.00 149.00 160.00 190.00 139.00 219.00 139.00 209.00 36.00 45.00 52.00 82.00 419.00 619.00 49.00 65.00 310.00 1,500.00 270.00 390.00 1,495.00 — 525.00 800.00 95.00 269.00 189.00 479.00 450.00 950.00 — 49.00 149.00 220.00 795.00 49.00 95.00 99.00 290.00 340.00 1,525.00 190.00 525.00 119.00 149.00 269.00 299.00 139.00 319.00

mORGAN DOllAR Choice Brilliant Uncirculated

Starter Groups

5 Diff Pre 1900 Ch BU* $ “P” Mints $229.00 5 Diff. Pre 21 Ch BU* $ “O” Mints $229 .00 5 Diff. Pre 21

COmmEmOraTIvE Half DOllarS

Ch BU* $ “S” Mints

Choice B.U.

$249.00

CH AU

1948............................ 15.00 .............. 23.00 1948-D ........................ 17.00 .............. 25.00 1949............................ 17.00 .............. 32.00 1949-D ........................ 35.00 .............. 69.00 1949-S......................... 39.00 .............. 89.00 1950............................ 17.00 .............. 32.00 1950-D ........................ 19.00 .............. 29.00 1951............................ 17.00 .............. 19.00 1951-D ........................ 22.00 .............. 45.00 1951-S.............................. — .............. 29.00 1952............................ 17.00 .............. 19.00 1952-D ........................ 17.00 .............. 19.00 1952-S.............................. — .............. 85.00 1953............................ 19.00 .............. 25.00 1953-D ........................ 17.00 .............. 19.00 1953-S.............................. — .............. 39.00 1954............................ 19.00 .............. 19.00 1954-D ........................ 19.00 .............. 19.00 1954-S......................... 22.00 .............. 28.00 1955............................ 18.00 .............. 24.00 1956............................ 17.00 .............. 21.00 1957............................ 17.00 .............. 21.00 1957-D ........................ 17.00 .............. 22.00 1958............................ 15.00 .............. 19.00 1958-D ........................ 15.00 .............. 19.00 1959............................ 15.00 .............. 19.00 1959-D ........................ 15.00 .............. 19.00 1960............................ 15.00 .............. 19.00 1960-D ........................ 15.00 .............. 19.00 1961............................ 15.00 .............. 18.00 1961-D ........................ 14.00 .............. 18.00 1962............................ 14.00 .............. 18.00 1962-D ........................ 14.00 .............. 18.00 1963............................ 13.00 .............. 15.00 1963-D ........................ 13.00 .............. 15.00

*Group of 6 Different

Silver Kennedy Halves CH Brilliant Uncirculated

65, 66, 67, 68-D, 69-D and the key date 70-D

$39.00 Per Group GEORGE WASHINGTON SIlVER COmmEm HAlF DOllARS 1982-S Mint Seated Proof . . . . 9 .95 1982-D Mint Seated BU . . . . . . 9 .95

3 Diff. “CC” Ch BU* Group of 4 Different $ Dollars $599.00 buST

20 Diff. Dates Ch BU* $ Pre 21 $895.00 / Roll

Albany ...................................................215.00 Arkansas..................................................95.00 Boone....................................................139.00 Bay Bridge .............................................139.00 Calif. Jubilee ..........................................189.00 Columbian Expo (1893) ...........................29.00 Connecticut ............................................220.00 Delaware ...............................................209.00 Grant .....................................................130.00 Huegenot ...............................................129.00 Lexington .................................................85.00 Maine ....................................................135.00 Oregon Type ...........................................155.00 Pilgrim Type (1920) .................................90.00 Rhode Island ............................................99.00 San Diego Type (1935-S) .........................99.00 Sesquicentennial .......................................90.00 Stone Mountain ........................................65.00 Texas Type .............................................139.00 York ......................................................159.00

*Dates of Our Choice

S TRY U ! TODAY

WalKING lIBErTY*

CH/Brilliant Uncirculated

Superior Quality!

1921 PDS (all 3)

mOrGaN DOllarS Ch BU

$129.00 Per Group

STATuE OF lIbERTy COmmEmS pROOFS

Original Boxes 1986-S Proof 50¢ . . . . . . . . . . . . 4 .50 1986-S 2 pc . Proof Set . . . . . . 26 .00

Roll of 20 Mixed Date

HAlVES

$319.00

$629.00

Dates of our choice

CH/Brilliant Uncirculated

1941............................ 21.00 ................ 29.00 1941-D ........................ 21.00 ................ 35.00 1941-S......................... 29.00 ................ 79.00 1942............................ 19.00 ................ 29.00 1942-D ........................ 23.00 ................ 42.00 1942-S......................... 23.00 ................ 45.00 1943............................ 21.00 ................ 29.00 1943-D ........................ 25.00 ................ 49.00 1943-S......................... 24.00 ................ 49.00 1944............................ 21.00 ................ 37.00 1944-D ........................ 24.00 ................ 49.00 1944-S......................... 35.00 ................ 49.00 1945............................ 23.00 ................ 29.00 1945-D ........................ 24.00 ................ 35.00 1945-S......................... 35.00 ................ 49.00 1946............................ 24.00 ................ 34.00 1946-D ........................ 42.00 ................ 55.00 1946-S......................... 42.00 ................ 55.00 1947............................ 24.00 ................ 49.00 1947-D ........................ 32.00 ................ 59.00

PEaCE DOllarS

Very Fine and Better

CH AU

Very Sel. BU Roll

NORWOOD COIN 501 COLUMBIA TNPK • RENSSELAER, NY 12144

Phone 518-477-2193

Please add $7.95 for postage and insurance per order.

Fax 518-477-2194

Coins must be shipped to credit card holders billing address. ■ Personal Checks & M.O. Gladly Accepted.■ Add $7.95 Postage & Insurance on total order. ■ VISA, MC, Discover and AmEx accepted.■ Full 10-day return privilege. P & H not refundable. ■ NY residents Add 8% Sales Tax. ■ Coins subject to prior sale. ■ Coins removed from original holder are considered sold. ■ All coins guaranteed genuine.

*Prices subject to change due to market conditions.

MON.-FRI. 10am to 5:30pm est SAT. 10am to 3pm est

3


It’s News to Me by Donn Pearlman

EDITORIAL MAGGIE JUDKINS Editorial Director

SCOTT A. TRAVERS Executive Editor

Editorial Correspondence: Maggie Judkins Editorial Director (218) 390-6841 editor@coinagemag.com

CONTRIBUTING EDITORS DONN PEARLMAN MIKE FULJENZ DAVID L. GANZ R.W. JULIAN JOSHUA MCMORROW-HERNANDEZ TOM DELOREY JOHN IDDINGS

ART DEPARTMENT LINDSEY JONES Art Director

RAVIJOT SINGH

Cover and Graphic Design

ROBYN AUSTIN

Contributing Designer

JANA TAPPA

Contributing Designer

ADVERTISING JAMIE SCHROEDER

Advertising Sales jschroeder@beckett.com

TED BARKER

Senior Sales Executive tbarker@beckett.com (972) 448-9147

SAM ZIMMER Price Analyst

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JAMES L. MILLER Founder

SUBSCRIPTION QUESTIONS? (855) 777-2325 subscriptions@beckett.com

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W

You can find a fortune in the attic or piggy bank

hat rare and valuable coins do you think are still out there and waiting to be discovered? Numismatic Guaranty Corporation’s announcement, which I helped create, about authentication of a previously unreported fourth example of the historic 1854 San Francisco Mint Half Eagle brings up this question. In addition to any more of the only 268 minted 1854-S $5 gold coins showing up, here is a brief list of what potentially could still be found in granddad’s old coin collection, the piggy bank, or the sock drawer. Million Dollar Pennies: During World War II, the United States Mint created Lincoln cents out of grey colored zinc-coated steel to save copper for war resources. Some 1943-dated cents mistakenly were made from the previous year’s bronze alloy composition and today are worth tens of thousands to a million dollars each depending on their mintmark and condition. A previously unreported and superb-condition 1943 bronze alloy cent made at the Philadelphia Mint reportedly sold earlier this year for more than $1 million. In 1944, when the Mint reverted to a copper alloy for cents, some were mistakenly made of the previous year’s zinccoated steel. Those are also quite valuable. Hundred Dollar Pennies: A 1972 minting error produced some Lincoln cents with the lettering and date seemingly struck twice, one almost on top of the other on the front or obverse of the coins. Although easily overlooked in pocket change, these doubled die cents are valued from a few hundred dollars to over $2,000 each, depending on condition. Million Dollars Dimes: The San Francisco Mint made a scant 24 dimes in 1894, and only about a dozen are accounted for today. Where are the others? If a previously unreported genuine example is found, it would be worth $100,000 to $1 million or more depending on its condition. Quarter Million Dollar Quarter Eagle: In addition to only a small quantity of 1854-S half eagles, the San Francisco Mint produced just 246 quarter eagles that year. A dozen are accounted

for today. A genuine 1854-S $2.50 coin was discovered as recently as 2005, the family heirloom of a Northern California woman. NGC authenticated it, and the 1854-S $2.50 gold piece sold for $253,000 at an auction several months later. Caution: Some valuable U.S. rare coins are not legal to own. 1933 Double Eagles: The United States Mint produced 445,500 double eagles in 1933, but President Franklin D. Roosevelt’s order restricting gold ownership halted official release of the coins, and they were supposed to be melted. One survivor is part of the National Numismatic Collection at the Smithsonian Institution, and another sold at auction for $7.59 million (plus a $20 “re-monetization” fee) in 2002. The federal government has confiscated all other U.S.1933 $20 gold coins that have shown up in public, including 10 that reportedly were in a Philadelphia family’s bank safe deposit box for decades. 1964 Peace Dollars: Silver was removed from most of our circulating coins in 1965, and all the 1964-dated silver “Peace” dollars struck at the Denver Mint were supposed to be destroyed. Hobby gossip over the years indicates a few apparently escaped the melting pot, but they are not legal to own. 1974 Aluminum Cents: With the price of copper rising in the early 1970s, the Mint looked for ways to reduce the cost of making Lincoln cents. One alternative was to use aluminum, and experimental samples were made at the Philadelphia Mint – and at least one at the Denver Mint – with examples given to members of the U.S. House and Senate. The coins were later recalled, but some were not returned by lawmakers or their staff members. To paraphrase “The truth is out there” tagline of The X Files television program: The coins are out there. Former award-winning Chicago journalist and broadcaster, Donn Pearlman has written hundreds of newspaper and magazine articles promoting the coin hobby and profession. He currently serves as Acting Executive Director of the Numismatic Literary Guild. COINage


Gibraltar_CoinAge.pdf

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www.wopa-plus.com

Buy Gibraltar Commemorative Coins

incl. limited edition Silver collections plus Gibraltar Banknotes (uncirculated condition). The very limited edition 50p Christmas coin also available in limited quantities. Â All orders shipped worldwide. Orders for Gibraltar over ÂŁ25 qualify for FREE SHIPPING. 100% Satisfaction guaranteed and if you are not happy with the product we offer a full refund policy. A selection of Aland, Luxembourg, New Zealand, Spain and Tokelau commemorative coins also available on www.wopa-plus.com For more information email us on infro@wopa-plus.com


Market Report by Mike Fuljenz

Billionaire Coin Collectors Competing for “Best of Breed” Coin Sets Demand from High-Net-Worth Collectors is Impressive

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n old adage is that coin collecting is “The Hobby of Kings,” since only kings could afford or have the power to seize the top quality rare coins made of precious metals. Today, that slogan has changed to become “The Collector is King,” with the serious collector of rare coins driving up prices. In more recent times, celebrities such as Wayne Gretzky, Buddy Ebsen (1908-2003), Penny Marshall and Jerry Buss (1933-2013) have collected rare coins, but collectors such as the American financier Louis Eliasberg (1896-1976) have set the standard for a lifetime devoted to serious collecting of the best-known specimens of U.S. coins. With the rapid growth of global wealth since the end of the Cold War, the annual Forbes census of global billionaires has grown from 140 in 1987 to 2,208 in March 2018. Out of 2,208 billionaires, it stands to reason that at least 1% of them would become fascinated by “The Hobby of Kings.” And so I bring it to your attention that four billionaires, including real estate guru Dell Loy Hansen, are currently competing for highquality rare coins in the coin market. Hansen earlier this year bought the “Hall of Fame Collection,” the famed Liberty Seated dollar set that had been carefully put together by Bruce Morelan, who himself was the subject of much fanfare when he purchased the phenomenal 1794 Specimen Flowing Hair Dollar at auction for over $10 million ($10,106,875 to be exact). It included coins previously residing in famous collections, including those of Amon Carter and the Garrett family. These ultra-high-net-worth business owners didn’t get to where they are by being passive. They are well-informed, highly competitive, goal-oriented collector-investors. At least two of them are trying to do what Eliasberg did and build complete sets of every coin from the U.S. Mint in as high a grade as possible.

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This competition for high-end coins will fuel a resurgence in demand for all coins that trade from about $25,000 and up. Besides these few billionaires bidding for best of breed coins, other prominent collectors are building registry sets with either PCGS or NGC coins for “top of pop”– the highest graded coins according to the lists generated by PCGS and NGC of coins they certified. Many of these collectors want their coins to be verified by the Certified Acceptance Corporation (CAC) as well. CAC is a verification service that affixes green holographic stickers on the grading service holders of PCGS- and NGC-certified coins that meet its standard for “solid for the grade.” Certified coins that “exceed” CAC’s standard receive a gold CAC holographic sticker. The service was founded by John Albanese, who is its chief verifier. Albanese founded NGC and was one of the original PCGS partners. We have already seen examples of how mid-range rarities have been actively bid up by multiples of their expected price at auction. Recent auctions have seen coins such as a Booker T. Washington (BTW) commemorative half dollar in MS-67+ bring substantially more than what experts expected the coin to realize, due to there being only a few existing in that grade and none finer. One example was a CAC 1951-S BTW half dollar graded by PCGS as MS67+. The coin was listed at $2,600 in PCGS’s price guide, but it brought nearly five times as much, $12,500, in a Great Collections Auction in which 48 bidders participated. It had a graded population of only three, with none finer. Also bringing higher-than-expected auction prices are beautifully toned commemoratives and Morgan dollars. But be careful. One collector’s beautiful toning is another collector’s “nice, but not worth the premium” coin. There is a more subjective element to value with toned coins.

Some Billionaires are Also Buying Gold Bullion Gold is up 1.5% through May 4, while the Dow stocks are down 1.85%. So gold is still beating stocks in 2018, and many stock market investors are getting nervous, as the historically “best” month of April was flat, and the historically worst six months for stocks (May to October) are just beginning. With the stock market flat and in danger of falling below its key 200-day moving average, and with interest rates rising (and bond prices falling), and currencies in flux, international billionaires are looking to the time-tested value of gold for wealth preservation. Last week, Naguib Sawiris, the second richest man in Egypt (second only to his brother), the chairman of Orascom Telecom Media and Technology Holding S.A.E, told Bloomberg that he sees gold heading for $1,800 per ounce, while the “overvalued” stock market will likely collapse. Sawiris said he is putting half of his $5.7 billion net worth into gold. Other billionaire investors are concerned about the market and are moving to gold. Jeffrey Gundlach, founder of DoubleLine Capital, sees the “explosive, potential energy” of a massively bullish $1,000 gain for gold to the $2,300 region, based on a technical base-building platform. “Gold is maintaining an upward pattern above its rising 200-day moving average, which is extremely good,” said this guru nicknamed the “Bond King.” “I’m not predicting it … I’m letting the market prove itself.” Mike Fuljenz, president of Universal Coin & Bullion in Beaumont, Texas, is a leading coin expert and market analyst whose insightful writing and consumer advocacy have earned major honors from the ANA, PNG, NLG, and the Press Club of Southeast Texas. His website is www.universalcoin.com. COINage


QUALITY COINS FROM JACK H. BEYMER

All five six-piece type coin sets are housed in custom Capital Plastics holders, and the coins grade good or better. EARLY TYPE CENTS EARLY TYPE ODD DENOMINATION

Large Cent 1793-1857

Seated Half Dime 1837-1873

Flying Eagle Cent Indian Head Cent 1856-1858 1864-1909

Lincoln Cent 1909-1958

Lincoln Cent 1959 to Date

SET FOR $67.50 EARLY TYPE NICKELS

Shield Nickel 1866-1883

Liberty Nickel 1883-1912

Buffalo Nickel 1913-1938

SET FOR $58.00

BUST DOLLARS These bust silver dollars are attributed to M.H. Bolenders variety numbers. FLOWING HAIR 1795 3 leaves B5 NGC VF details, rim damage VF20, very small edge bumps, net F12 ........ 5040.00 DRAPED BUST, SMALL EAGLE 1798 15 stars B2 PCGS VF35 .... 14320.00 PCGS VF20 .................................. 9460.00 DRAPED BUST, HERALDIC EAGLE 1798 B8 NGC VF25 ...................... 3820.00 B12 VF25 ..................................... 3815.00 B13 VG7 1525.00 NGC AU55 ..... 15050.00 B23 PCGS AG3 782.50 VF30... 4410.00 B25 PCGS VG10........................... 1812.50 B27 EF40...................................... 5600.00 ANACS EF45 details cleaned scratched. Small mark by lips does not look cleaned looks natural............. 4415.00 B30 R4 NGC EF45............ 7280.00 1799/8 15 stars B3 PCGS F15. 3050.00 VG7 .............................................. 1735.00 1799 B5 NGC VF25 ...................... 3820.00 B10 F15 2490.00 ICG EF45 .......... 7280.00 ICG VF35 ...................................... 5000.00 PCGS G4 1300.00 PCGS G6 ........ 1452.50 B14 PCGS VG detail, cleaning, nice looking 1200.00 B15, R5 ANACS VF30................... 4850.00 B16 NGC VF25 ............................. 3820.00 B19 PCGS G details, graffiti, light obverse scratche ......................................... 780.00 B23 8, 5 stars VG10 ..................... 1830.00 B30 NGC EF45 ............................. 7285.00 1800 B5 PCGS G6 CAC ................ 1520.00 B12 ANACS G6............................. 1520.00 1800 12 arrows B16 PCGS VF35 .................................. 5350.00 ANACS VF25 ................................ 4035.00 1801 B4 PCGS VF25 .................... 5315.00 PCGS VG10 CAC .......................... 2350.00 1802/1 B3 ICG VF35 (VF25) ......... 5315.00 1803 SMALL 3 B5 NGC F15 ......... 3675.00 1803 large 3 B6 NGC AU55, nearly fully lustrous. 16730.00 PCGS VF35 (VF30) ....................... 6295.00

SEATED DOLLARS 1836 Gobrecht Dollar The first seated dollar Original coin aliignment PCGS PR45 ................................ 19000.00 PCGS EF details, cleaning, lightly cleaned....................................... 11200.00 NGC VG10 .................................... 9500.00 1840 G4 ......................................... 448.50 1841 G4 385.00 VG7 ..................... 420.00 1842 F15 495.00 NGC AU55 ....... 1612.50 F12 450.00 EF45 ............................ 835.00 G4 385.00 PCGS VF35 ................... 695.00 VF20, plugged hole ........................ 385.00 1843 NGC MS62 golden toned..... 6860.00 ANACS AU58PL ........................... 2545.00 AU55, slightly proof-like .............. 1765.00 G6 408.50 VG7 420.00 VF20 ......... 520.00 1844 NGC AU55 ........................... 3225.00 NGC VF25 ...................................... 860.00 1845 G5 540.00 PCGS VF35 ........ 1010.00 1846 F12 527.50 NGC MS62 ....... 4900.00 VG10 497.50 PCGS EF40 ............... 702.50 VG7 452.50 PCGS VF35 ................. 680.00 PCGS EF details, cleaning look like an EF45 ........................................... 660.00 1846O G4....................................... 481.50 1847 VF30 575.00 ANACS AU50.. 1122.50

Jefferson Nickel 1938 to Date

SEATED DOLLARS F15 477.50 AU50 ......................... 1120.00 VG7 420.00 VG8 ............................ 425.00 G5 396.50 G6................................. 407.50 1849 SEGS AU58, toned .............. 2230.00 VF30 775.00 NGC AU55 ............... 1830.00 PCGS EF40..................................... 842.50 1850 NGC MS60 .......................... 6900.00 1850O PCGS AU53 ...................... 5295.00 G4 578.50 ANACS VG8 .................. 668.50 1853 PCGS MS61 ........................ 5135.00 1858 NGC PR64 ......................... 21750.00 1859 PCGS EF45 1290.00 AU50 .. 1540.00 1859O VF20 520.00 ICG MS63 .... 4340.00 NGC MS61 2875.00 PCGS MS62. 3360.00 VG7 420.00 F12 450.00 F15 .......... 477.50 G4 385.00 G5 396.50 G6 ............... 407.50 AG3 ................................................ 250.00 1859S PCGS EF details, cleaning, was NGC VF35, I thought it was undergraded broke it out, sent it to PCGS, now cleaned????............................. 1700.00 ANACS VG10................................ 1045.00 G5, holed ....................................... 184.50 1860 NGC MS63 .......................... 7145.00 PCGS AU50 1600.00 NGC PR62 .. 3990.00 AG3 337.50 NGC EF40 ................... 997.50 1860O NGC MS61........................ 2875.00 VF30 575.00 ICG, NGC AU58 ....... 1685.00 SEGS MS61 (AU58) ..................... 1685.00 VF20 520.00 NGC EF45.................. 772.50 VG8 426.50 F12 450.00 F15 .......... 477.50 G6 407.50 VG7 .............................. 420.00 1865 PCGS PR62, lt toning .......... 4030.00 1868 NGC PR61 ........................... 3450.00 1869 VG7 ....................................... 500.00 1870 AU50 1200.00 NGC MS64 .. 7350.00 EF45 912.50 NGC PR62 .............. 3430.00 VG7 427.50 VF20 ........................... 602.50 1870CC PCGS AU53 .................. 10025.00 G4 .................................................. 910.00 1871 ANACS PR64, steel-blue obv & rev toning, lovely ............................... 7350.00 PCGS AU58 .................................. 1575.00 VF20 520.00 PCGS EF40................ 632.50 F12 450.00 PCGS VF30.................. 577.50 VF20PL may be a circ proof ........... 575.00 VG7 420.00 VG8 426.50 VG10....... 437.50 VF20, a few lite rim dings............... 437.50 Fr2 162.50 G4 385.00 G5............... 396.50 VF30 small obv & rev marks .......... 385.00 1871CC PCGS genuine, cleaned VF details, net VG7 ....................... 4375.00 1872 EF40 630.00 PR50 .............. 1500.00 VF20 520.00 VF30.......................... 575.00 F12 450.00 PCGS F15 .................... 480.00 VG7 420.00 VG8 426.50 VG10....... 437.50 G4 385.00 G5 396.50 G6 ............... 407.50 AG3 ................................................ 250.00 1872CC NGC EF45 ....................... 8200.00 1872S F15.................................... 1220.00 1873 VG10 517.50 EF40 ................ 700.00 G4 431.50 VG7 .............................. 476.50

TRADE DOLLARS 1873 NGC MS63 ......................... 3150.00 AU58, blue & red toning ............. 1225.00 EF40 ............................................. 680.00 1873CC EF45 .............................. 2240.00 1873S PCGS MS64 ..................... 5395.00 1874 AU50PL 740.00 NGC MS64 4275.00 EF45 675.00 NGC MS61 ............. 1810.00 EF40 ............................................. 620.00 1874CC minute cc ICG EF40 ....... 1050.00 1874CC medium CC PCGS MS63 .. 6580.00 AU50 ........................................... 1400.00 1874CC large CC ANACS MS63 .. 6580.00 PCGS UNC, cleaned, looks very nice .............................................. 1850.00 EF45 1190.00 AU50 .................... 1400.00 1874S medium s PCGS MS63 .... 2030.00 AU53 575.00 NGC MS63 ............ 2030.00 AU50 525.00 NGC MS61...... 1430.00 1874S lge S EF40 465.00 EF45 490.00

Half Cent 1793-1857

U.S. GOLD $1.00 LIB $2.50 IND $3.00 $5.00 LIB $10.00 LIB $20.00 LIB

TRADE DOLLARS

EF-AU 220. 315. 1300. 430. 840. 1615.

BU 300. 345. 2160. 450. 860. 1630.

Bust Quarter 1815-1838

TRADE DOLLARS

1875 ty1 rev. NGC PR65 10 graded higher 8050.00 NGC PR61, toned........... 2400.00 1875CC Ty1 obv, Ty1 rev. tall CC ICG MS63 ........................ 5050.00 EF45 945.00 NGC EF45 ................ 947.50 EF40 875.00 PCGS EF40 .............. 877.50

G4 167.50 G5............................... 170.00 VF20, edge bumps ....................... 167.50 1878S double die reverse FS801 ANACS MS60 ................... 1640.00 EF45 620.00 AU50 ....................... 760.00 1879 PCGS PR63 ........................ 3500.00 1880 PCGS PR63 ........................ 3500.00

1875CC Ty1 obv, Ty2 rev, the rarest regular issue trade dollar with a Ty2 rev G5 627.50 EF40 .......................... 1785.00 NCS AU details, improperly cleaned......................................... 1260.00

MORGAN SILVER DOLLARS

1875S Ty 1 obv, Ty 1 rev. MS62 1732.50 NGC MS63 .......... 1825.00 AU58 820.00 PCGS MS62 .......... 1525.00 EF45 445.00 NGC MS61 ............. 1375.00 EF45, lightly porous obv .............. 250.00 1875S Ty1 obv, Ty2 rev, scarce NGC MS62 1680.00 MS61 1557.50 NGC MS61 .......... 1515.00 1875s Ty1 obv, Ty2 rev, micro s EF40 ............................................. 448.50 1876 Ty1 obv, Ty1 rev. VF30 450.00 NGC MS64 ............. 4280.00 VG10 269.50 PCGS MS63 .......... 2370.00 1876 Ty 1 obv, Ty2 rev PCGS CAC MS62 ........................ 1525.00 MS61 1717.50 PCGS MS61 ........ 1375.00 EF45 550.00 NGC MS61 ............. 1375.00 PCGS AU53 .................................. 600.00 1876CC Ty1/Ty1, rare EF40 ......... 1365.00 1876CC Ty1 obv, Ty2 rev PCGS AU55 ................................. 4100.00 1876CC doubled die rev VF30 ...... 1260.00 EF40, nicely done repair spot between star 5 & 6 .............................................. 555.00 1876S Ty 1 obv, Ty 1 reverse EF45 382.50 PCGS MS63 ............ 1825.00 NGC MS60 1225.00 NGC MS61... 1375.00 1876S micro s Ty 1 obv, Ty 2 rev. ANACS MS61 ............................... 1650.00 VG7 200.00 F12 ............................. 210.00 1876S micro s Ty 2 obv & rev F12 210.00 PCGS MS62 .............. 1835.00 G4 ................................................ 177.50 1877 NGC MS61 ......................... 1480.00 VF30 345.00 EF40 ........................ 385.00 VF20 262.50 VF25........................ 292.50 F12 225.00 F15 ............................ 240.00 G4 167.50 VG7 184.50 VG8 ......... 192.50 1877S Lg S PCGS MS63............. 1825.00 AU58PL 950.00 PCGS MS61 ...... 1375.00 AU50 460.00 PCGS AU55 ............ 665.00 AU53 ............................................ 540.00 F12 195.00 F15 210.00 VF35 ......... 305.00 VG7 182.50 VG8 185.00 VG10....... 190.00 G4/AG3 137.50 G5 ....................... 170.00 VG10, repaired hole ...................... 96.00 1877S micro s NGC MS62 .......... 1835.00 EF40 420.00 E45 .......................... 450.00 VF30 347.50 VF35........................ 385.00 F12 233.50 F15 251.50 VF25 ......... 313.50 EF45 porous reverse .................... 217.50 G4 200.00 G5............................... 206.00 1877S Lg S 2 broken arrows, blunt right foot of R, periods after E & R VF30 ........................................... 435.00 1877/7S FS301 AU50................... 587.50 1878CC NGC EF details, cleaned, looks natural......................................... 3150.00 1878S PCGS, ANACS MS61........ 1375.00 MS60, cleaned ............................ 460.00 VF35 305.00 EF40 ........................ 330.00 VG8 185.00 F12 195.00 VF30 ........ 280.00 VG7 182.50 VG10 ........................ 190.00

1878 8F PCGS MS63 ................... 295.00 ICG, PCGS MS62 ......................... 272.50 AU55 160.00 MS62...................... 270.00 EF45 115.00 ANACS AU55 ............. 162.50 VAM 4 doubled date, denticle chip PCGS MS62 ............................................. 342.50 PCGS MS63 VAM 18 slightly doubled date, stars, states of, beak, stars .......... 325.00 1878 7F rev of 1878 AU58 ............ 84.50 1878 7F rev of 1879 AU58 97.50 PCGS MS64 ............. 496.50 EF45 60.00 PCGS MS63PL .......... 362.50 G4 46.00 PCGS MS63.................. 165.00 1878 7/8F strong PCGS MS64 ..... 502.50 AU55 147.50 AU58 ...................... 167.50 1878 7/8F weak PCGS MS64 ....... 480.00 PCGS MS62 231.50 PCGS MS63 267.50 AU55 ............................................ 133.50 VAM33 doubled legs AU58 157.50 MS63...................... 291.50 VAM34 VF30 ................................. 85.00 1878CC NGC MS64DPL .............. 4200.00 PCGS MS64 587.50 PCGS MS65... 1757.50 PCGS MS64PL GSA .................... 1290.00 NGC MS63, nice colors, blue, reddish gold ................................. 572.50 PCGS MS63 ................................. 522.50 MS62 497.50 PCGS MS62 ........... 500.00 AU58 365.00 ANACS MS62 ......... 500.00 AU55 322.50 PCGS MS61 ........... 488.50 SEGS MS60PL (AU58 .................. 367.50 AU50PL 312.50 PCGS AU55 ........ 325.00 VF30 149.00 EF45 ........................ 200.00 PCGS VF25 (VF20 ........................ 143.50 F15 137.50 ANACS VF20 ............. 143.50 VF20, sm edge bump ................... 128.50 F12, 3 small edge marks .............. 128.50 AG3 78.00 AG3.5 95.00 G4 .......... 121.50 1878/1878CC VAM 13 EF40 ............. 70.00 1878CC VAM15 C/CC PCGS MS62 600.00 1878S NGC MS65 ........................ 302.50 MS62 86.50 NGC MS64 ............... 132.50 PCGS MS62 88.50 MS62PL......... 108.00 MS62 PL obverse.......................... 99.50 PCGS, NGC MS63 ......................... 97.50 MS60PL obverse, light red and blue toning .................................... 92.50 AU58 66.00 MS60PL obverse. ......... 89.50 G4 41.50 EF45 57.50 AU55.............. 63.50 1879 MS62 87.50 NGC MS65 ........ 626.50 AU58 60.00 PCGS MS62 ................. 89.50 EF45 ................................................. 43.50 1879CC clear CC NGC MS60........ 5200.00 AU55 ........................................... 3475.00 AU50, was NGC AU53 ................. 2735.00 EF45 1672.50 NGC EF45 ............. 1675.00 VF30, obv edge dents................... 215.00 AG3 115.00 AG3.5 145.00 G4 ........ 180.00 G5, HMO scratched on rev ............. 115.00 1879CC capped die NGC MS62.... 6565.00 G4 166.50 F15, rim bumps ............ 175.00 AG3 ................................................ 106.50 1879O NGC MS64.......................... 606.50 PCGS MS63 ................................... 315.00 MS62, PL rev ................................. 220.00 AU58 82.50 NGC, PCGS MS62 ...... 210.00 AU55 75.00 PCGS AU55 .................. 77.50 1879O/O/O North & South VAM4 EF45 109.50 AU55 ......................... 276.50 VF20 83.50 EF40 ............................ 109.50 1879O/O/O VAM28 EF45 ................ 360.00 1879O countrmarked

Two Cent Piece 1864-1857

3¢ Nickel 1864-1889

Silver 3¢ Piece 1851-1873

Twenty Cent Piece

Seated Quarter 1838-1891

Barber Quarter 1892-1915

Liberty Quarter 1916-1930

Washington Qtr 1932 to Date

SET FOR $295.00 EARLY TYPE QUARTERS

SET FOR $220.00

MORGAN SILVER DOLLARS

MORGAN SILVER DOLLARS

W.C. Dunham, unlisted F12 .............. 60.00 1879S rev of 1878 PCGS MS64 ... 1627.50 AU58 152.50 PCGS MS63 ............. 750.00 EF45 72.00 AU55 ........................... 123.50

AU58 52.00 NTC MS63 (MS60) ....... 56.50 EF45 42.00 AU55 ............................. 50.00 18/1881S VAM75, early die MS60PL ........................................... 65.00 1882 PCGS, NGC MS64 ............... 132.50 MS62 69.50 MS64 ....................... 130.00 SEGS MS63 (MS63....................... 87.50 AU55 47.00 AU58 ......................... 48.50 1882CC PCGS MS65.................... 555.00 MS62PL 286.50 PCGS MS64........ 307.50 GSA NGC MS64 ........................... 307.50 ANACS, ICG, NGC MS63 .............. 243.50 F15 116.00 PCGS MS62 .............. 240.00 VF30, some small rim bumps ........ 114.50 G4 106.00 VG10 .......................... 113.50 F12, small edge marks ................. 106.00 1882O AU58 53.50 PCGS MS63 ... 91.50 AU55 ............................................. 51.50 1882O/S AU58 160.00 MS60 ....... 197.50 ANACS AU58................................ 162.50 EF45 105.00 AU55 ....................... 146.50 VF30 84.00 ANACS AU50............. 127.50 G4 55.00 VG10 65.00 F15............. 70.00 1882O/S depressed VAM4 AU53.... 167.50 VF30 106.50 AU50 ....................... 151.50 1882O/S VAM5 broken S AU50.... 153.50 1882O/O south VAM7 AU50.......... 61.00 EF40 .............................................. 54.50 1882S MS62 61.50 NGC MS66.... 262.50 PCGS, NCI MS65 ......................... 140.00 ANACS, NGC MS64 ....................... 80.00 AU58 53.50 PCGS MS63 .............. 71.00 AU55 51.50 NGC, PCGS MS63 ..... 67.50 EF45 42.00 PCGS MS62 ............... 63.50 1883 MS65 182.50 PCGS MS65 .. 185.00 MS64 95.00 PCGS, NGC MS64..... 97.50 AU58 53.50 NGC MS63 ................ 91.50 PCGS MS62 .................................. 81.50 EF45 40.00 PCGS MS62 ............... 77.50 1883CC PCGS MS65PL ............... 595.00 ANACS, NGC, PCGS MS65........... 496.50 MS62 238.50 MS61PL................. 283.50 PCGS MS64 ................................. 275.00 PCGS MS63+ ............................... 255.00 AU58 204.50 PCGS MS63 ........... 243.50 PCGS MS61 238.50 NGC MS62... 240.00 AG3 68.50 G4 .............................. 106.00 UNC details, recovered from the Santa Rosa fire storm Oct 2017 .............. 68.50 1883O PCGS MS63DMPL ............ 268.50 NGC, PCGS MS65 ........................ 151.50 MS63PL ........................................ 72.50 ANACS, NGC, PCGS MS64............ 70.00 NGC, PCGS MS63 65.00 MS64..... 67.50 PCGS MS61 55.00 PCGS MS62.... 58.50 AU55 46.00 AU58 47.00 MS62 ........ 56.00 1883O/O south, dramatic VAM4 MS60 58.00 MS63 ........................ 87.00 1883O/O west VAM16 NGC MS64 103.50 1883S AU58 647.50 ANACS MS62 ........................................... 1985.00 AU55 465.00 PCGS MS61 .......... 1595.00 EF45 120.00 PCGS AU55 ............. 467.50 AG3 22.50 F15 43.50 VF30 ........... 60.00 1884 MS62 71.50 PCGS MS64 .... 106.50 AU58 53.00 MS64........................ 104.00 AU55 51.25 NGC, PCGS MS63 ..... 86.50 PCGS MS62 .................................. 73.50 1884 VAM3 dots AU55.................. 67.50 EF45 .............................................. 58.50 G5 51.00 VF20 53.50 VF30 ........... 55.00 VAM4 dots AU55 109.50 AU58 ...... 119.50 VF20 81.50 EF45 88.50 AU50 92.50 1884CC NGC MS64DPL ............... 750.00 MS63PL 304.50 NGC MS63DPL .. 520.00 ANACS, PCGS MS65 .................... 496.50 MS64 260.00 PCGS MS63PL....... 288.50 MS62 238.50 MS62PL................. 285.00 ICG, PCGS, ANACS MS64 ............ 262.50 PCGS, ANACS, NGC, ICG MS63 ..... 243.50 AU58 218.50 NGC, PCGS MS62 .... 240.00 EF45 197.50 PCGS MS61 ............ 238.50 G4 ................................................ 151.50

1879S rev of 1879 PCGS MS64DMPL ......................... 496.50 NGC, PCGS MS66 .......................... 255.00 MS64 77.50 NGC MS65 ................. 145.00 SEGS, PCGS, NGC MS64 ................. 80.00 NGC, PCGS MS63 ............................ 73.50 PCGS MS64(MS63 .......................... 73.50 AU58 58.50 PCGS MS62 ................. 70.00 EF45 43.00 MS60 PL obverse .......... 68.50 1879S/S west rev of 1879 VAM12A PCGS MS64..................... 112.50 1880 NGC, PCGS MS65 ................. 782.50 MS62 ............................................... 80.00 EF45 47.50 AU55 51.50 AU58 ......... 52.00 1880 8/7 spikes VAM6 VF20............................................... 124.50 1880/79CC rev of 1878 PCGS MS64 ................................. 1175.00 VF30 295.00 PCGS MS63 .............. 782.50 AG3 125.00 PCGS MS62 ............... 733.50 1880CC rev of 1878 G4 178.50 F15 ............................... 244.50 1880CC 8/7 rev 1878 VAM 7 PCGS EF40..................................... 346.50 1880CC rev of 1879 NGC, PCGS MS63 .......................... 627.50 AG3 93.50 F15 235.00 VF30 .......... 282.50 F12, obv scratched “Fred Peters 1932”........................... 93.50 1880CC 8/7 rev of 1879 VAM5 GSA NGC MS65, box & cert ......... 1500.00 NGC MS62 775.00 NGC MS63....... 789.50 1880O AU58 170.50 PCGS MS63 .. 457.50 AU55 85.00 PCGS MS62 ............... 288.50 EF45 ................................................. 49.50 1880O VAM1a hangnail variety MS60 ............................................. 235.00 1880O VAM4 80/79 crossbar AU55 .............................................. 170.00 1880S MS62 61.50 NGC MS66PL . 268.50 NGC MS65 140.00 NGC MS66....... 223.50 AU58 53.50 PCGS MS65 ............... 145.00 NGC, PCGS MS64 ............................ 80.00 MS60PL ........................................... 69.50 NGC, PCGS MS63 ............................ 67.50 PCGS MS62 PL obv ......................... 66.50 AU55 51.50 PCGS MS62 ................. 63.50 1881 NGC MS64 ............................ 165.00 EF45 45.50 AU55 51.50 AU58 ......... 53.50 1881CC PCGS, NGC MS62PL ........ 681.50 VF30 460.00 PCGS, NGC MS64 ..... 632.50 NGC, PCGS, ANACS MS63............. 587.50 F15 437.50 MS62 .......................... 568.50 VG10 429.50 PCGS MS61 ............. 562.50 ANACS F12 433.50 PCGS EF40...... 476.50 ANACS VF30 (VF20 ........................ 447.50 ANACS F12 (VG10 ......................... 431.50 1881O PCGS MS64DMPL ............ 1155.00 MS64 182.50 PCGS MS64 ............. 185.00 NGC MS62 73.50 PCGS MS63......... 86.50 AU55 51.00 AU58 ............................ 53.50 1881S PCGS MS65PL.................... 240.00 NGC, SEGS MS66 .......................... 223.50 MS65 137.50 NGC, PCGS MS65.... 151.50 ANACS, PCGS, NGC MS64............... 80.00 NGC, PCGS MS63 67.50 MS64........ 77.50 NGC AU58 54.50 MS62PL ............... 71.50 MS62 light red & blue tone .............. 68.50 PCGS, NGC MS62 ............................ 61.50

OUR POLICY: GRADING: Strict Photograde, ANA grading. LAYAWAY 1/3 with your order, and the remaining 2/3 within two months. APPROVAL SERVICE: Three references from coin dealers who now offer you approval service must be furnished for us to check. Money orders, bank drafts no delay; personal checks must clear our bank. POSTAGE & HANDLING: Orders under $100 add $4. RETURN PRIVILEGE: Coins may be returned within 30 days for any reason. California residents add 8.50% sales tax. PLEASE GIVE US SECOND CHOICES. VISA, MASTERCARD, AMERICAN EXPRESS & DISCOVER CARD ARE ACCEPTED. PRICES SUBJECT TO CHANGE. STORE HOURS: 10 a.m. to 6 p.m. Mon.-Sat. PHONE 707-544-1621. FAX MESSAGES 707-575-5304.

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JACK H. BEYMER – OUR 51st YEAR 2490 W. 3rd Street, Dept. CA, Santa Rosa, CA 95401 707-544-1621 • FAX 707-575-5304 Our new website: www.beymerzcoins.com

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investing in

Key-Date united states coins Popular 1909-S VDB Lincoln cent, revered for years as the king of Lincoln cents and key to the series.

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1893-S Morgan dollar, a key date for years.

Historical Price Performance Data Sheds Light on the Coin Market by Joshua McMorrow-Hernandez

T

here’s no crystal ball in numismatics, and this is especially true when trying to determine future prices of popular key-date coins. But instead of reading proverbial tea leaves when pegging down the state of the market now or at some point into the future, collectors and investors may be better served looking backward into the past if they want to gain better understanding on where things may be headed moving forward. There’s a phrase many historians use: “If you want to know where you are going, you have to know where you have been.”

This couldn’t be any truer than when used in the context of analyzing the pricing trends for key coins. While there are many publications that have tracked the movement of key-date pricing over the years, only one has kept pace with the market on a week-to-week and month-by-month basis since the days of the coin-collecting boom in the early 1960s, and that is The Greysheet. Originally published on June 14, 1963, as The National Coin Brokers Bulletin and quickly renamed Coin Dealer Newsletter, the publication is now known as Monthly Greysheet and offers coin dealers the latest wholesale prices in a comprehensive format. Parent company CDN Publishing also offers a free mobile app with up-to-the-moment updates on bullion coins and other issues with more volatile pricing activity. Publisher John Feigenbaum, who led a partner group in acquiring CDN Publishing in 2015, is contributing vintage issues of the

July 2018

Greysheet to the CDN website (www.greysheet.com/publications/ library), allowing collectors, dealers, and researchers to look up historic coin prices from older issues of the long-running wholesale guide at no charge. According to Feigenbaum, “We hope that a wide audience of researchers and enthusiasts use this unprecedented data to create new perspectives on historic pricing and perhaps even some interesting data models will come of it. We’ve been approached by various universities in the past seeking such information, and now the sky is the limit.” While the Greysheet dates back to 1963, one will not necessarily derive much information on individual key dates from those early editions of the publication. Originally, the Greysheet focused on prices for Brilliant Uncirculated rolls, which in the early 1960s were among the hottest items in the numismatic world and were

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INVESTING IN KEY-DATE UNITED STATES COINS

Flying Eagle and Indian cent pricing from The Coin Dealer Newsletter in 1970.

Lincoln cent pricing from The Coin Dealer Newsletter in 1970.

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The Coin Dealer Newsletter cover banner from January 7, 1966.

changing in price week by week. As Greysheet pricing expanded in scope during the mid 1960s and beyond, individual keydate coins and other issues were included in the weekly pricing rundowns. For example, in 1966, the Greysheet was listing bid prices (the highest amount at which dealers are offering to buy) for several important modern keys, such as BU 1939D Jefferson nickels, which had seen huge price inflations due to rampant speculation. In 1966, the Greysheet had listed the bid price for the ’39-D for $40 in BU in both “bid” and “ask” (“ask” prices are the lowest for which a dealer will sell), while ask prices for 1932-D and 1932-S Washington quarters were reported at $220 and $90, respectively. Results have been mixed more than five decades on, with the most recent issue of the CDN Monthly Greysheet listing MS-63 prices for the 1939-D nickel at $45, the 1932-D Washington quarter at $1,300, and the 1932-S quarter at $480. Clearly, those who invested in 1939-D nickels lost money over the course of time, while those who bought uncirculated examples of the key Washington quarters

Modern key-date coin prices from The Coin Dealer Newsletter in 1966.

1916-D Mercury dime, sought-after collector date and considered the “key” to the Mercury dime series for generations.

July 2018

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INVESTING IN KEY-DATE UNITED STATES COINS

Morgan and Peace dollar pricing from The Coin Dealer Newsletter in 1970.

FOR MUCH OF THE 1980S, UNCIRCULATED GOLD DOLLARS, AS A TYPE, TRADED AT LEVELS THAT WERE MULTIPLES OF THEIR LONG-TERM HISTORIC VALUES. AS WITH MANY UNCIRCULATED INVESTMENT-GRADE COINS, PRICES PEAKED AT THE END OF THE 1980S BEFORE A PRECIPITOUS DECLINE FOLLOWING THE MARKET CRASH OF 1989-90. 12

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Liberty Seated dimes charted graphically in 2000.

did better. By 1970, ask prices were appearing for several iconic keys. In a grade of Good, these include the 1856 Flying Eagle cent for $750, 1877 Indian Head cent at $77.50, 1909-S VDB Lincoln cent for $85, 1914-D cent for $30, and 1922 “plain” cent for $28.50. Today, CDN publishes retail prices in the CPG® Coin & Currency Market Review, or CPG, which lists those same coins in Good-4 at higher prices and creates a natural buy-sell spread for dealers and collectors to negotiate within. According to the latest CPG reports, the 1856 cent now retails for $7,250, the 1877 cent goes for $474, the 1909-S VDB cent retails for $689, the 1914-D has a sticker price of $136, and the 1922 “plain” is listed at $130. Meanwhile, 1970 retail listings for other popular keys included the 1937-D 3-Legged Buffalo nickel in Fine for $40, the 1916D Mercury dime grading Good for $85, and 1921-D Walking Liberty in Fine for $80. BU key-date Morgan dollars were heavy hitters, with the 1889-CC retailing for $835, the 1892-S fetching $2,200, and the 1893-S BU listing at $4,800. Nearly 50 years later, in 2018, the 1937-D 3-Legged Buffalo nickel fetches $520 in Fine, a 1916-D Mercury dime retails for $845 in Good, and a 1921-D Walking Liberty half commands $585. Meanwhile, the same rare BU Morgans listed for threeand four-digit figures in 1970 now retail for five-figure prices or higher, with an 1889-CC in MS-63 selling for $53,200, the 1892-S trading at $92,000, and the 1893-S listed at a staggering $332,800. Greysheet has kept tabs on the long-term market performance of commonly traded coins with periodic charts and tables. Consider, for example, a January 1992 chart that showed the rollercoaster trending of $1 gold dollar type coins. While gold bullion prices settled from record highs of nearly $850 per ounce in 1980 July 2018

to a sustained period of prices well under $500 after 1981, MS-60 gold dollars hit a stride following intense speculation by investors in the mid 1980s. For much of the 1980s, uncirculated gold dollars, as a type, traded at levels that were multiples of their long-term historic values. As with many uncirculated investment-grade coins, prices peaked at the end of the 1980s before a precipitous decline following the market crash of 1989-90. According to the graph, MS-60 Type I dollars averaged $1,250 in the late ’80s before plummeting well below $500 by 1992. A similar scenario with similar figures played out for the MS-60 Type III gold dollars. Meanwhile, the scarcer MS-60 Type II dollars crested over the $5,000 mark during their 1980s glory days before falling to levels less than half that by the early 1990s. Recent Greysheet data indicate MS-60 type gold dollars haven’t fared much better since hitting the bottom in the early ‘90s. As of spring 2018, Greysheet listed market bid values for MS-60 Type I, Type II, and Type III dollars as $205, $950, and $250, respectively. While those who bought these coins in the late 1980s may have lost money on their high-end gold dollars, wanna-be investors may consider the data and take today’s relatively low prices as a sign that it’s time to “buy low.” The same might be said for someone hoping to break into midlevel uncirculated Liberty Seated dimes. Like uncirculated gold dollars, MS-63, MS-64, and MS-65 Liberty Seated dimes performed very well during the swingin’ days of the late 1980s, when high-flying investors were trading such coins in certified slabs from Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) on a sight-unseen basis. According to the accompanying graph, 1873-’74 Liberty Seated 13


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LINCOLN CENTS | 1909-1958: AVG. CIRC. | 1959-DATE: BU

□ $0.25/EACH OR 10 DIFFERENT FOR $2.00: 20P | 25P | 26P | 27P | 28P | 29P | 30P | 30D | 30S | 34P | 34D | 35P | 35D | 36P | 36D | 37D 38P | 38D | 39P | 39S | 40P | 40D | 40S | 41P | 41D | 42P | 42S | 43P | 43D | 44P | 44D | 44S 45P | 45D | 45S | 46P | 46D | 46S | 47P | 47D | 48P | 48D | 49D | 49S | 50P | 50D | 51P | 51D 51S | 52P | 52D | 52S | 53P | 53D | 53S | 54P | 54D | 55P | 55D | 56P | 56D | 57P | 57D | 58P 58D | 59P | 59D | 60P | 60D | 61P | 61D | 62P | 62D | 63P | 63D | 64P | 64D | 65P | 66P | 67P 68P | 68D | 68S | 69P | 69D | 69S | 70P | 70D | 70S | 71D | 72P | 73P | 73D | 73S | 74P | 74D 75P | 75D | 76P | 76D | 77P | 77D | 78P | 79P | 79D | 80P | 80D | 81P | 81D | 82D | 83P | 85P 88P | 89P | 89D | 90P | 90D | 91P | 92P | 92D | 93P | 94P | 95P | 95D | 96P | 96D | 97P | 97D 98P | 98D | 99P | 99D | 00D | 01D | 02D | 03P | 03D | 04P | 04D | 05P | 05D | 06P | 06D 07P | 07D | 08P | 08D | 09P # 1 / 2 / 3 / 4 | 09D # 1 / 2 / 3 / 4 | 10P | 10D | 11P | 11D | 12P 12D | 13P | 13D | 14P | 14D | 15P | 15D | 16P | 16D | 17P | 17D | 18P | 18D □ $0.50/EACH: 16P | 17P | 18P | 19P | 19D | 19S | 23P | 24P | 35S | 36S | 37P | 37S | 38S | 39D | 41S | 42D 43S | 47S | 48S | 49P | 50S | 54S | 55S | 60D SMDT | 71P | 71S | 72S | 74S | 78D | 83D 84P | 85D | 86D | 87P | 88D | 00P | 01P | 02P □ $0.75/EACH: 10P | 11P | 17S | 20D | 20S | 21P | 31P | 84D | 87D | 91D | 93D □ $1.00/EACH: 13P | 18S | 25D | 25S | 28D | 28S | 29D | 29S | 86P □ $1.25/EACH: 16D | 18D | 27D | 27S □ $1.50/EACH: 14P | 17D | 24S | 26D □ $2.00/EACH: 12P | 21S | 33P □ $2.50/EACH: 16S | 32P | 32D □ $3.50/EACH: 15P | 15D □ $4.00/EACH: 09P | 13D □ $5.00/EACH: 33D | 60P SMDT □ $7.00/EACH: 31D □ $8.00/EACH: 09P VDB | 23S □ $9.00/EACH: 11D □ SEMI-KEY DATES: 09S - $100 | 10S - $22 | 11S - $49 | 12D - $11 | 12S - $25 13S - $19 | 14S - $27 | 15S - $27 | 22D - $25 | 24D - $42 | 26S - $12 | 31S - $89 □ AVG. CIRC. LINCOLN CENT SET IN FOLDER (1941-1958 P-D-S): $8.00/EACH OR 6 FOR $45.00 □ BU LINCOLN MEMORIAL CENT SET IN TUBES (1959-2018 P-D-S, NO VARIETIES): $40.00/EACH □ WHITMAN FOLDERS $4.00/EACH: 09-40 | 41-74 75-13 | 14-DATE | MEM. 59-98 | MEM. 99-09

JEFFERSON & BUFFALO NICKELS 1913-1963: AVG. CIRCULATED | 1964-DATE: BU

□ $0.25/EACH OR 10 DIFFERENT FOR $2.00: 39P | 40P | 41P | 46P | 47P | 48D | 49S | 51D | 52 | 52D | 52S | 53D | 53S | 54D 55D | 56D | 57D | 58P | 58D | 59P | 59D | 60P | 60D | 61D | 62P | 62D | 63P | 63D 64P | 64D | 70S | 99P | 03D | 04P PEA. | 04D PEA. | 04P KB | 04D KB | 05P BUF. 05D BUF. | 05P OV | 05D OV | 06P | 06D | 07P | 07D | 08P | 08D □ $0.50/EACH: 40D | 40S | 42D | 46D | 47S | 49P | 49D | 50P | 54P | 54S | 56P 57P | 61P | 65P | 66P | 71D | 72D | 73D | 76D | 77P | 77D | 80D | 81P | 90P | 90D 91P | 00P | 03P | 14P | 14D | 15P | 15D | 16P | 16D | 17P | 17D | 18P | 18D □ $0.75/EACH: 35P | 36P | 37P | 67P | 74D | 78D | 80P | 81D | 88P | 88D | 89P 94P | 94D | 96P | 00D | 01D | 02D | 11P | 11D | 12P | 12D | 13P | 13D □ $1.00/EACH: 30P | 36D | 36S | 37D | 38P | 41D | 42P NICK | 46S | 51S | 53P 55P | 68D | 68S | 69D | 69S | 70D | 73P | 74P | 75P | 75D | 79P | 79D | 85P | 85D 87P | 87D | 89D | 93D | 95P | 95D | 10P | 10D □ $1.50/EACH: 27P | 29P | 38D JEFF | 48P | 48S | 65 SMS | 66 SMS | 67 SMS 72P | 76P | 78P | 84P | 86D | 91D | 92D | 97P | 98D | 02P □ $2.00/EACH: 28P | 30S | 34P | 35D | 47D | 84D | 86P | 92P | 93P | 96D | 98P 99D | 01P □ $3.00/EACH: 19P | 20P | 23P | 24P | 25P | 26P | 28S | 29S | 34D | 35S | 38S 39S | 43P SIL | 43S | 44P | 45D | 71P | 97D | 09D □ $4.00/EACH: 28D | 29D | 38D BUFF | 42P | 42S | 43D | 44D | 45P | 45S | 09P □ $5.00/EACH: 37S | 44S | 82D | 83D □ $12.00/EACH: 50D CALL, VISIT WEBSITE OR SEE CATALOG FOR OTHER SERIES, DATES, GRADES, AND PRICES! 2018 BU SINGLES NOW AVAILABLE (P or D)! 1¢: $0.25 | 5¢: $0.50 | 10¢: $1.00 | 50¢: $3.00 | $1: $3.00 25¢: P/D - $0.50/EA; S - $1.00/EA (PR, AI, VOY) 2018 PROOF SINGLES NOW AVAILABLE! 1¢: $9.00 | 5¢: $6.00 | 10¢: $8.00 | 50¢: $11.00 | $1: $10.00 25¢: $4.00/EA (ALL 5 2018 AVAILABLE)

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Gold dollar type coins charted graphically in 1992.

with Arrows dimes in MS-63, as a type, were trading for around $2,000 in 1989. MS-64 dimes touched the $5,000 mark by the end of the ’80s, while MS-65 Seated dimes reached $14,000. But during the market crash of ’89-’90, what went up had to come down, and Liberty Seated dimes took a tumble. By 2000, when the graph had been created, all three dimes had long leveled out to fractions of their highs in the late ’80s, with MS-63 dimes fetching $725, MS-64s were trading at $1,650, and MS-65s could be had for just $3,500. Nearly two decades later in 2018, prices for MS-63, MS-64, and MS-65 1873-74 Liberty Seated dimes with Arrows are listed in Greysheet for $710, $1,250, and $2,500. Bargains for today’s investors? Maybe. John Albanese has served as a prominent figure in the rare coin market for decades. He was one of the original founders of PCGS in 1986, founded NGC in 1987, and in 2007 established Certified Acceptance Corporation (CAC), the latter awarding bean-shaped green (“solid for the grade”) and gold (“exceeds CAC standards for the grade”) stickers to PCGS- and NGC-

certified coins that represent the finest quality for their respective grades. Many CAC-verified coins sell for between 10% to 50% higher than similarly graded non-CAC coins. But according to Albanese, such price differentials mainly come into play with topquality uncirculated coins and ultra-rare issues in the nicer grades. “As far as CAC goes, I think a lot of the key-date coins going in albums haven’t really been affected in price very much,” he said. “The person who buys, say, a Very Good 1916-D Mercury dime is looking for a nice, problem-free specimen with no rim bumps and such,” he added. “You might get a slight bump on the value if a coin like that is certified and has a CAC sticker, but nothing like the price differences you might get when talking about slabbed ’16-Ds in Mint State-65 or MS-65 with full bands. Key dates in the collector grades are relatively stable.” But what makes key-date prices so important? As Albanese explains, key-date coins are the most sought-after – and chal-

“THE PERSON WHO BUYS, SAY, A VERY GOOD 1916-D MERCURY DIME IS LOOKING FOR A NICE, PROBLEM-FREE SPECIMEN WITH NO RIM BUMPS AND SUCH. YOU MIGHT GET A SLIGHT BUMP ON THE VALUE IF A COIN LIKE THAT IS CERTIFIED AND HAS A CAC STICKER, BUT NOTHING LIKE THE PRICE DIFFERENCES YOU MIGHT GET WHEN TALKING ABOUT SLABBED ’16-DS IN MINT STATE65 OR MS-65 WITH FULL BANDS. KEY DATES IN THE COLLECTOR GRADES ARE RELATIVELY STABLE.” 16

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Liberty Head $20 gold pieces charted graphically in 2015.

lenging – for collectors. “As a kid, I wasn’t really an avid collector of Lincoln cents – like so many others who looked to fill up albums with them. For me, it was Washington quarters. I looked through rolls and my parents’ change for years and could never find the ’32-D or ’32-S,” he recalled. “I couldn’t find the coins I needed in change – I had to buy them, and back then they cost $12 or $15 apiece, which was a huge chunk of change for me back then as a kid.” The same difficulty comes with finding scarce Walking Liberty half dollars. “You can find coins like the ’19-D or ’19-S halves in junk bins. You can find almost every coin you need except the ’21-P, -D, and –S or ’38-D,” he said. “Hence, these holes usually remain empty in albums and folders, becoming the last coins that people acquire, making them the keys. And because they are such important coins to collectors, knowing their pricing performance helps us know more about the condition of the market.” “When there are more collectors, prices of key-date coins go up. When there are fewer collectors, prices go down.” The market for key dates has varied somewhat in recent years. “From 2003 to 2008, everyone advised buying key-date coins. ‘You can’t go wrong with key dates,’ everyone seemed to say.” Following massive selloffs during and after the Great Recession of 2007-2009 and the release of several hoards containing key dates, the market has adjusted. “I think we’ve seen a bit of a slide on key dates lately because so many examples of certain keys have hit the market. This is

July 2018

certainly the case with coins like the 1909-S VDB Lincoln cent and 1955 doubled die cent. In the case of the ’09-S VDB, we’ve seen collectors with hundreds of these coins, and so when the hoards are dispersed, prices go down.” Meanwhile, the 1955 doubled die cent’s overall price decrease has come from speculative hoarding gone bust. “We saw one dealer in Florida with hundreds of ’55 doubled dies, and this was running the prices up across the rest of the market. After the [coins] were released, the prices came back down.” Other keys are coming up with mixed results. “The 1937D 3-Legged Buffalo nickel has become more common than we thought, while the 1942/1 Mercury dime remains much tougher, even though both are priced about the same in circulated grades.” According to the CPG, the 1937-D 3-Legged in XF-45 retails for $682 while the 1942/1 Mercury dime in the same grade goes for $650. While the key-date market has seen some ups and downs in pricing activity due to the ebbs and flows of speculation, Albanese believes the volatility experienced in recent years may be disappearing. “Prices for keys had been driven up by speculators, but I think we’re in a good place now.” He adds, “prices for many of these coins are now back to normal levels. It feels safe to buy key dates again.”

Joshua McMorrow-Hernandez is a COINage contributing editor who is employed by The Coin Dealer Newsletter.

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Collecting Bust

Dimes 1796 Draped Bust Portrait, Small Eagle Reverse dime. PCGS/CAC AU-58.

for

Fun Profit and

Two of America’s Top Collectors Share Secrets for Success by Barry Sunshine and Charles Link 18

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COINage


1807 JR-1 Draped Bust Portrait with Heraldic Eagle on Reverse dime. PCGS MS-63.

T

he Bust dime series is one of the most underappreciated of all United States series. Bust dimes are available in sufficient quantity to satisfy every collector, no matter what their collecting styles, habits, or budgets. As active collectors of Bust dimes, we take pride in sharing the enjoyment that we have collecting and studying this fascinating series. We are longtime collectors of U.S. coins and enjoy many types of coins. Our enjoyment goes beyond acquiring coins for the hunt. Most collectors enjoy that hunt, but stop there, as coin collecting is primarily a project mentality. We go further than that because coins tell stories. We look at coins and ask ourselves: “If coins could talk, what stories would they tell?” Having said that, coins are not able to talk. But we are able to talk. So we feel it’s our responsibility to tell the stories on behalf of our coins. Telling these stories is gratifying and serves as a source of great enjoyment. Bust dimes are aweinspiring because they represent so many stories. So the work and research doesn’t stop. If it wasn’t for our demanding day jobs, more research would be done. Bust dimes were first minted by the U.S. Mint in 1796, and that first obverse was used from 1796 until 1807. This first type is referred to as the Draped Bust dime. Even though that obverse remained the same throughout the Draped Bust dime series, the reverse was changed in 1798. The reverses for the 1796 and

July 2018

There are many ways to collect early dimes. The most basic way is to put together a type set of early dimes. A simple type set can include two coins 1797 dimes bear a Small Eagle, and in 1798, the reverse was changed to the Heraldic Eagle that was used until 1807. It is interesting to note that neither the denomination nomenclature of “10 CENTS” nor “DIME” were used on the dime to denote its value, and it is not fully known why the Mint did that. A little-known fact about Draped Bust dimes is that the Mint used the same Heraldic dies to mint both Draped Bust dimes and Quarter Eagle gold coins. One of the primary reasons why the Mint used the dies for both coinage types was the amount of work necessary to engrave each die. After 1807, the Mint resumed dime production in 1809 with a new design referred to as the Capped Bust. Capped Bust dimes were minted from 1809 until 1837. In 1828, the Mint produced dimes with a “closed collar” manufacturing design. Prior to using that process, the Mint produced dimes using the open collar. The

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1814 Small Date Capped Bust Portrait dime. PCGS/CAC MS-66. Ex Pogue Collection. difference in appearance between these two different processes gives the impression that the earlier dimes are larger than the later Capped Bust dimes. There are many ways to collect early dimes. The most basic way is to put together a type set of early dimes. A simple type set can include two coins – a Draped Bust and Capped Bust dime. If you want to expand your type set, you can add two more coins by adding the two types of Draped Bust dimes with the Small Eagle (1796 or 1797) and the Heraldic Eagle reverse (1798 to 1807) and two Capped Bust dimes – Large Size (1809 to 1828) and Reduced Size (1828 to 1837). Collectors with a greater interest can assemble a collection based on a date set, Red Book (A Guide Book of U.S. Coins) set or collect all die marriages. The various die marriages were created by using different combinations of obverse and reverse dies in producing the coins. Collecting early dimes by die marriage is a quest that requires collectors to be dedicated and passionate about their collections. While both series have their key dates, the Draped Bust series has many extremely rare dates. The key date is the 1804 dime, as its reported mintage is a mere 8,265. We contend that only 110 are known to have survived today, with only one known Mint State example. While other dimes are not considered key dates, 1798 to 1803 dated dimes are considered as semi-keys and very desirable to collectors. In the Capped Bust dime series, the 1822 is considered the key date, with 50,000 minted and only

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Each collector’s approach is different in his or her collecting views. We originally started collecting Capped Bust dimes in About Uncirculated condition, and then upgraded our collection over time. about 250 that are extant or known to survive. The semi-key dates are 1809 and 1811/9. With patience, you can locate all of these. While assembling a collection of Bust dimes takes a fair amount of patience, Link contends that a good many early dimes are cleaned and damaged, and recommends avoiding those in favor of originally toned examples. Those originally-toned, problem-free coins have the greatest potential to appreciate in value. Each collector’s approach is different in his or her collecting views. We originally started collecting Capped Bust dimes in About Uncirculated condition, and then upgraded our collection over time. We each are pursuing a Capped Bust dime set with all die marriages. Original, pristine coins and varieties that are part of sets are those that we most enjoy owning. To accomplish COINage


1821 Capped Bust Portrait dime. PCGS/CAC MS-64+. Ex Pogue Collection. our goals, it requires a lot of patience. We agree that Sunshine has more patience than Link, but we enjoy how we acquire our coins. Sunshine prefers waiting for a particular look of a coin, while Link prefers finding a very nice example and later upgrading it when a more special coin is located. However, when a “wow” coin appears, our interest is captured immediately, as we enjoy originally toned coins that look sensational. Even though we acquire our coins for enjoyment, we realize that coins are an investment. There are no ultimate consumers of coins, and we are the keepers of our coins for the next generation. We prefer the coins that are spectacular and that others will enjoy owning in future years. This is where the investment side comes in. Link says that that the potential profit side of coins starts not when you decide to sell, but when you acquire the coin. Sunshine agrees with Link’s approach and notes that most collectors don’t realize the investment side starts at the time of purchase. When selecting coins, we prefer coins with landmark pedigrees, as it adds value to each collection. Over the years, there have been many famous collectors of early dimes, and these collectors include some of the most important names in numismatics: Eliasberg, Norweb, Pittman, and Garrett. More recent names include Gardner and Pogue. There are great pedigrees that can be had as well. By acquiring coins in order to complete sets, we add to our “set premium.” Set premium is a concept that when a set is offered as a group, it will create a signifi-

July 2018

cant amount of collector and dealer interest, so that the prices the coins sell for will be higher. Also, coins that resided in famous collections for a long time often means that those coins have stable metallic surfaces. Link notes that Louis Eliasberg acquired the Clapp collection in 1940, and the Clapp family had a great eye for coins. The Clapp coins were acquired from the 1880s until 1940, so they had great opportunities to acquire very desirable coins. Adding these important coins to our collections adds to the numismatic historical factor of our sets. Recently, the Pogue and Gardner Draped Bust and Capped dimes were sold, and we attended the public auctions. Acquiring these coins that were part of some of the finest collections also adds much joy to our lives as collectors. Coins with important pedigrees sometimes carry a 10% premium, but that’s not always the case. So evaluating each coin on its merits is important. There are other famous collections that carry great pedigrees, but those are typically limited to dimes. Those important names include Lovejoy, Price, Logan, and Subjack. We are fascinated with early dimes and spend a fair amount of time studying these coins. These dimes were minted in early America when our country was very young and growing, and they were minted under very harsh conditions in the Philadelphia Mint. Dimes were the workhorses of our economy. The United States did not have paper money, so these dimes were used to pay wages to employees and satisfy debts. These dimes are

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1822 JR-1 Capped Bust Portrait dime. PCGS/CAC MS-65.

1824 Capped Bust Portrait dime PCGS/CAC MS-65. Ex Eliasberg.

1827 JR-7 Capped Bust Portrait dime. PCGS/CAC MS-66.

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COINage


Photo credits: PCGS

1829 Medium 10 Capped Bust Portrait dime. PCGS/CAC MS-66. Ex Oliver Jung.

1830/29 Capped Bust Portrait dime. PCGS/CAC MS-67. Ex Pogue Collection.

more than 180 years old and have seen lots of history. It’s too bad that coins can’t tell stories. But as collectors and owners of these coins, it’s our responsibility to tell the coins’ stories. We attend coin shows frequently for a lot of reasons. Along the way, many friendships are created. These friendships give way to sharing knowledge, which enhances the enjoyment of our hobby. It’s interesting meeting new friends along the way. Another way to enhance collecting is by joining the John Reich Collectors Society (JRCS), where members share the common interest of collecting pre-1838 U.S. coins. July 2018

When creating an early dime collection, knowledge is important. There are not many early dime books that are available, and one of the two main books are Early United States Dimes 1796-1837 (authors Davis, Logan, Lovejoy, McCloskey and Subjack). This is the first reference book on early dimes and is a must for collectors. A second book, published in 2015, Bust Dimes – Variety Identification Guide, is an important book assisting collectors with their knowledge. Beside those two books, collectors will need auction catalogs for additional knowledge. Most co-llectors never complete their collections. So far, we have enjoyed all aspects

of collecting early dimes and someday will pass on our holdings to other collectors. When that time comes, we hope those will enjoy owning the coins as much as we do. Charles Link works in the biotechnology industry. He has been a coin collector for over 30 years and has specialized in Bust coinage for over 20 years. Barry Sunshine is a Certified Public Accountant and senior tax partner at Janover LLC in Garden City, NY. Mr. Sunshine has been collecting coins for over 30 years and has a deep passion for early dimes and Bust coinage. 23


The

Two Greatest Events in the

History of U.S. Coins The impossibly rare 1903-O dollar was the sensation of the great 1962 Treasury release.

Other spectacular episodes – the runners up – are chronicled by Q. David Bowers

A

s I write this for COINage in May 2018, I am contemplating great events in American numismatic history – events that had a profound effect upon coin collecting at the time they happened. My gosh, what a selection – so many things from which to choose. I finally decided upon two. Read on, please. These don’t count events that that are historical but not directly focused on numis24

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matics. These include 1652 Massachusetts silver coinage, the operation of the various state-authorized mints in the 1780s, the opening of the Philadelphia Mint in 1792, the opening of branch mints at Charlotte, Dahlonega, New Orleans in 1838, the introduction of Liberty Seated coinage, and on and on. However, when it comes to events of numismatic importance, the drift changes. The first important happening that attracted widespread interest was the discontinua-

tion of the large copper cent and half cent in 1857. This spurred nostalgia nationwide as citizens lamented the impending loss of the copper “pennies” of childhood. Many looked in pocket change and elsewhere to retrieve one of each date, back to 1793 when they were first issued. There were no catalogs of coins at the time, and no way to ascertain mintage figures or values. Particularly difficult to obtain was the 1799, and it seems no one was able to find an 1815. Within a year or two it was revealed that no COINage


Loss of the S.S. Central America on September 12, 1857. coins were minted in 1815. Fast forward to other events including the sensation caused by the new 1883 Liberty Head nickel. This was a mistake by the Mint, it was said, as the denomination was only depicted by the letter “V” without mention of “CENTS.” These were to be recalled by the Treasury Department and soon would become rare and valuable. A nationwide scramble ensued, and millions were saved, with the result that today, in 2018, they are the most common of the 1883 to 1912 Liberty Head nickels to find in Mint State. Also notable were the founding of the American Numismatic Association in 1891 and the first commemorative coins issued for the Worlds Columbian Exposition in 1892 and 1893. The publication in 1893 of Mint Marks, a study by Augustus G. Heaton, that listed 17 “causes of attractiveness” of mintmarks on coins had a profound effect. Before this, most collectors were satisfied with having a single example of a date. It mattered not whether there was a “CC,” “S,” or some other letter on the reverse. After 1893 that changed, but slowly. In December 1907 the MCMVII (1907) double eagle was released. The beautiful design in high relief by noted sculptor Augustus Saint-Gaudens attracted wide attention, and the more than 11,000 pieces distributed to banks were quickly picked out by tellers and bank officials as well as by lucky customers. Within a month, the price increased 50%. Today, this issue remains a classic. As July 2018

so many were saved in 1907 and early 1908, probably about 6,000 survive today. Next on my list is the release on August 1, 1909, of the 1909-S V.D.B. Lincoln cent. These were made in Philadelphia and San Francisco, but at the latter place only 484,000 were struck, as compared to 27,995,000 in Philadelphia. A complaint arose in the public press that the initials “V.D.B.” on the reverse, for designer Victor David Brenner, simply advertised the artist, who in any event had been paid for his work. They should be removed. They quickly were, and after four days no more V.D.B. coins were paid out. In time, the 1909-S version became a key rarity, and it remains so today. The entire matter was completely illogical, for in 1909 the current double eagles being made, from the modified design of Augustus Saint-Gaudens (now with the date in Arabic numerals) featured his “ASG” monogram prominently on the obverse. In 1913, the Indian Head or, as popularly called the Buffalo, nickel was introduced by James Earle Fraser. This did not create the sensation that the Lincoln cent did, but within the numismatic community it proved to be very popular. Today, it remains one of the most sought-after series. In 1916, the silver coins currently being minted – the dime, quarter, and half dollar – were revised with new artistic designs. The “Mercury” or Winged Liberty Head dime by Adolph A. Weinman and the Walking Liberty half dol-

lar by the same artist made their debut, as did the Standing Liberty quarter by Hermon A. MacNeil. These were immediately popular and were continued for years thereafter. The dime design lasted until 1945, the quarter until 1930, and the half dollar until 1947. Today, in 2018, these designs are so well-appreciated that certain elements of them have been used on modern coinages. Going further forward, in the early 1930s, Wayte Raymond popularized the “National Albums.” These were sheets of cardboard with holes for coins, each side covered by a sliding clear cellulose acetate panel. These could be used individually or, in two sizes, put in a notebook. All of a sudden, almost overnight, collecting coins by date and mintmark varieties from pocket change became popular. It was, of course, in the depth of the Great Depression, but saving a 1914-D Lincoln cent, a 1926-S Buffalo nickel, a 1916-D Mercury dime or the like was affordable, and such pieces were worth considerably more than face value. In 1935, the hobby took a giant step forward when J.K. Post of Neenah, Wisconsin, launched his “penny boards,” a sheet of cardboard with holes for dates and mintmarks of Lincoln cents, soon added to by other denominations. Western Publishing, headquartered in Racine, Wisconsin, acquired the rights and began publishing these under the Whitman trademark, which is still famous today and is the world’s foremost publisher of numismatic books. In the meantime, in 1934, Wayte Raymond launched the Standard Catalogue of United States Coins, the first popular guide listing mintages of dates and mintmarks and values of coins in different grades. Before then, acquiring such information was catch as catch can, by looking at advertisements, checking auction prices and the like. Now, in one handy volume it was all there, complete with illustrations and historical information. The Standard Catalogue eventually went through 18 editions until it expired in 1958. In 1942, Richard S. Yeoman introduced The Handbook of United States Coins, a small blue-covered volume that listed prices dealers would pay for coins. This became very popular. Even more important, far, far more important, was the 1946 launch of A Guide 25


Bob Evans, Chris Karstedt, and Melissa Karstedt in front of the Ship of Gold exhibit at the 2000 ANA Convention.

Crowd control was necessary at the Ship of Gold exhibit at the Tucson Gem & Mineral Show.

One of more than 500 gold ingots from the treasure. Book of United States Coins, also by Yeoman, and compiled by Stuart Mosher, who had been hired by Mosher to do the editorial

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work. Leading dealers contributed prices. The first edition bore a cover date of 1947 so as not to become obsolete on shelves.

Distribution was made through hobby shops in particular, but also bookstores. This developed into a sensation, soon was issued on an annual basis, and to date has sold over 23,000,000 copies. In recent years, I have been the research editor for the book. The next exciting—indeed dynamic— event in American numismatics was the unexpected release in November 1962 of previously rare and expensive Morgan silver dollars from a long-sealed vault in Philadelphia. I rate this as one of the two greatest happenings in American numismatic history. At the time, the 1903-O silver dollar was listed at $1,500 in the Guide Book of United States Coins, the highest value assigned to any variety. These were so rare that even though I had been a dealer since 1953, I never owned or saw one! Now, several hundred thousand of them, shipped in 1,000-coin canvas bags from the closed New Orleans Mint to Philadelphia for storage in 1929, were paid out at face value! Excitement knew no end, and the landscape of American numismatics was changed forever. Many more were released, other Treasury vaults were emptied, and within a year thousands of collectors made Morgan silver dollars as well as Peace dollars their specialty. How amazing it was to acquire a like-new dollar dating back to 1878! Many of these were, for a time, available at face value or for just a small premium. With so many being released, it was thought at the time that prices would drop across the board. In actuality, prices did fall for a while but today in 2018, with the solitary exception of 1903-O, all Morgans and Peace dollars are far more valuable than they were before November 1962. The reason is that, while coins have become more plentiful, the number of numismatists seeking them has multiplied even more. The next important event in chronology was the launch of the 1964 Kennedy half dollar, featuring the portrait of the martyred president killed in November 1963. These coins, made of silver, became immediately popular – so much so that hardly any of them ever reached circulation. At the same time, the price of silver was rising dramatically in international markets. By 1965, it COINage


A Mint State 1857-S double eagle, one of more than 5,000 found. All sold quickly when offered in the marketplace. became evident that it cost more to mint a dime, quarter, or half dollar than the face value. Starting in 1965, these coins were made using a clad composition, and this practice has continued with some modifications ever since. Fast forward to the 1980s and the SS Central America, a sidewheel steamship lost in a hurricane in the Atlantic Ocean, off North Carolina, on September 12, 1857. I rate this as the other of the two greatest events. For COINage readers it is probably the very greatest, as it was within memory and is still going on! A group of adventurers based in Columbus, Ohio, learned of the long-missing wreck and sought to find it. Three men, Tommy Thompson, Barry Schatz, and Bob Evans, combined their scientific knowledge, studied maps, read news accounts, and determined that a large general area off the coast of North Carolina was where the wreck might be found. After considerable exploration, the ColumbusAmerica Discovery Group, as company was known, achieved success. In gold, coins and ingots from $1,600,000 in registered treasure (at face value in 1857 when gold was worth $20.67 per ounce) were recovered. Stories flooded numismatic publications, the popular press, and other media. This attracted a number of claimants who said they had ties to the original insurance companies or helped with the research or whatever. Then followed a decade of expensive litigation, not resolved until the late 1990s when the

July 2018

Columbus America Discovery Group and litigants agreed to sell the treasure to a consortium, the California Gold Marketing Group, formed by Dwight Manley in California. Among others, I and Christine N. Karstedt were a part of this. The first treasure coins were sold at auction by Christie’s in New York City, as part of an arrangement involving an earlier loan to the discoverers. As Christie’s had no coin department, I was tapped to write the catalog, perhaps unprecedented in that firm’s history. The event caused much excitement. That was only the beginning, and in the year 2000 the Ship of Gold display, a clever representation of the side of the S.S. Central America, was set up at the American Numismatic Association convention in Philadelphia in August. Alongside was a representation of the Kellogg & Humbert assay office. Over 20,000 people poured through the doors to see the exhibit, the highest ANA convention attendance before or since. The Ship of Gold went on tour, and, among other places, appeared at the Tucson Gem and Mineral Show in early 2001. That event attracts thousands of visitors yearly. Very popular past displays had included the Hope Diamond and the Forbes Collection of Fabergé Eggs. However, records were broken with the Ship of Gold, and so many people attended that for the first time, crowd control had to be put in place, with roped off areas to accommodate the long lines. I was commissioned to write a book, A

California Gold Rush History, created in Wolfeboro, New Hampshire. This book had an unlimited budget provided by the California Gold Marketing Group, permitting some of my researchers to visit the Bancroft Library in California, the Library of Congress in Washington, and many more places. These books met with popular demand and, today, marvelously, are probably among the relatively few books that sell for more, often considerably more, on the used book market than they did when new. The epic saga of the S.S. Central America continued, as a further expedition was made to the wreck in 2014, resulting in additional ingots and coins being discovered. This called for an encore, and earlier in 2018 at the Long Beach Convention, the Ship of Gold display was brought out of storage and set up again. It is a coming attraction this August in Philadelphia at the American Numismatic Association Convention. Everyone is invited to come and see the treasure, learn about the recovery, and enjoy a planned program given by scientist Bob Evans, who is also part of the second round of discovery. Perhaps reflecting what I did with him in 2000, I will be on the stage in 2018 with a few words. See you then.

Andrew Bowers with the “Eureka” ingot by assayers Kellogg & Humbert. Weighing more than 80 points, it was the largest ingot in the treasure. 27


“ COINAGE CONFIDENTIAL

EDITOR’S NOTE: COINAGE CONFIDENTIAL IS A NEW COLUMN THAT SPOTLIGHTS THE MOVERS AND SHAKERS IN COIN COLLECTING AND SHARES THEIR INSIDER VIEWS ON THE HOBBY.

The age of print magazines in numismatics is not over, although it would be hard to think otherwise looking at our own U.S. market. But in Europe, they still get it right. Charles Morgan Editor, CoinWeek.com

neat; being ahead of the pack and learning as you go along seldom is. But over the past several years, we have grown CoinWeek exponentially and have seen our audience grow tremendously. Sometimes you can’t help but hear negativity from people who have been in this industry for a long time. They think the hobby is in its decline and while, yes, it was probably easier to sell Morgan dollars by the truckload and make a fortune off people who thought boxes of type coins were a great alternative investment, the truth is the hobby morphed into what it has now because that was the inevitable result of the structure the coin industry took. CoinWeek sees a different future for the hobby and the industry, and we will concern ourselves with being the publication that stays relevant as the Generation X collector transforms the hobby.

Charles Morgan Editor, CoinWeek.com

What motivated you to become a key figure in the industry-leader coin news digital platform, CoinWeek.com? I have been fortunate to partner with Scott Purvis, who founded CoinWeek a few years before I began to write an unpaid weekly column. I had presented what I still think is a great idea for a book but had been turned 28

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down by a hobby publisher. And I thought that in order to make any headway as a writer, I’d have to get my name out into the hobby’s bloodstream. Scott and CoinWeek have always been and still are very supportive of my ideas, and, together, we set out to make the kind of publication that we felt the hobby needed. It hasn’t always been easy or

What is your favorite area of numismatics, either to collect or invest in? This is a hard question, because I think collectors are always trying to size you up. If I told you that I built a high-end set of Eisenhower dollars or collected world coins from the 1960s to ’80s, you might be tempted to discount anything I have to say about the hobby. But the truth is, I have bought and sold my collection several times over. Over the years, I’ve collected large cents – Morgan dollars, classic commemoratives, Cold War issues from East and West Germany. Now I collect coins and medals from the F.A.O.

COINage


The hobby and science of numismatics has a graying population, and very few young people are entering the field. What needs to be done to expand and grow the hobby? I don’t agree with the premise of the question. That there is any graying of the hobby is a result of the cost to participate. Coins tend to be expensive and we’ve structured the market in a way that makes coins more expensive now than they were 30 or 40 years ago, when you adjust for inflation and take into account demand. That said, there is a viable demographic of collectors aged 20-50 in the hobby right now. Any graying of the population that you see when you look at coin shows or club membership, for instance, reflects only a small portion of the coin collecting demographic. The better question is: What is the longterm impact of the structural innovations to the hobby that have come to the coin market over the last 30 years? My guess is that coin certification has made coins too expensive for entry-level collectors, and the internet has made social collecting (going to shows, joining clubs) less necessary. To overcome the expense of the hobby, the majority of collectors coming into the marketplace are now buying modern coins. Modern coins obviously have lower cost and provide lower margins for coin dealers. They also present a great risk of loss on the part of buyers because there is no viable two-way market in them. This is a vexing structural issue that we’ll have to deal with, and the future of the coin hobby may very well depend on whether the traditionalists in the rare coin industry and the collector-coin-producing mints find

July 2018

an equilibrium so that new collectors continue to enter the hobby and dealers educate these collectors, trade their coins, and get them into more advanced areas where classic material can really shine. What is the role of the American Numismatic Association, and what could it do to help expand the hobby? Do ANA politics help or hurt the hobby? The ANA has been so many different things over the decades. We take for granted that the Association belongs to the hobby and that it’s the hobby’s responsibility to chart its future of the association. Looking back, the ANA’s most defining moment in the modern period was when it launched ANACS, first as an authentication service and later as the hobby’s first third-party grading service. Although, to my eye, ANACS was successful, the cost of keeping top talent and keeping up with innovations that came about from for-profit companies made the idea of the ANA competing against the likes of PCGS and NGC (not to mention a whole host of wannabe services)

undesirable to the governing board. In my mind, the ANA made a mistake by giving up on an ANACS. But hindsight is 20/20. As for whether politics help or hurt the ANA, that’s a catch-22. Politics are built into any human endeavor, and I think anytime people are not rowing the boat in the same direction it hurts the cause. But at the same time, without conflict the best ideas might not come to the fore. At the end of the day, I don’t think it’s politics that are to blame for the decline in membership of our leading collector organization; it’s demographics. To turn things around, the ANA needs to amend its governing documents and establish a professional full-time board and model the way the association is run based on other successful non-profits. This is not at all a swipe at those that have dedicated time and money to serve on the board as it is currently constituted. Many of these people are great role models for the hobby and are devoted to the growth of the ANA. But the fact is that the ANA faces existential questions that require more than any of us could give it on a

Credit: CoinWeek.com

What I collect most is knowledge. On my bookshelves are most of the major references written about every topic of American numismatics in the past 100 years, less so my library of world and ancient coin references, but those areas are going to get more attention in the coming years. The biggest thing I collect are tidbits of how the industry functioned and who the major players were over the course of the past 100 years. When people talk to me, they are often surprised to find out that I’ve actually read their books and have thought through their arguments and theories.

CoinWeek.com is among the industry’s leading digital coin news sources.

29


part-time basis, especially with the potential turnover rate for governors that comes about due to the ANA’s short terms in office. What is the future of coin shows and conventions? What makes the FUN show so perennially successful, while other shows are on the verge of obsolescence? FUN has the calendar and the great Florida coin market in its favor. But there are other shows that are tremendous: NYINC, the World Money Fair in Berlin, the Beijing Show in China. If other shows are struggling, I’d take a look at what is going right in Berlin. It’s a “now” show. A coin show that has classic coins, a major rare coin auction, and all the trappings of what you’d see at one of our bigger U.S. coin shows, but it also has great participation from mints, mint industry support firms, and modern coin retailers and wholesalers. If a growing majority of American collectors are buying modern coins online, we need coin shows that offer this market segment a one-stop shop for virtually everything they could ever want to fill those holes, explore new series, and stay motivated about the hobby. A little pizzazz wouldn’t hurt either. Look at Comic-Con, PAX, or any number of niche conventions. You will find them to be exciting and filled with enthusiastic visitors. It’s easy to forget that gaming and comic books were ostensibly “nerd” hobbies 30 years ago but now they are mainstream, steeped in the culture, and profitable. How would a cashless world affect coin and banknote collecting? I have no idea. I doubt any of us will live long enough to see that day come to full fruition. But looking at past precedent, when was the last time anybody spent a large cent, a silver coin, or a gold certificate? All of these things went the way of the dodo bird, and collecting interest in these objects grew much more intense once they were gone and couldn’t be acquired at face value. Has Bitcoin become the new gold coin and funneled billions of dollars from the coin marketplace? I am not one to “HODL.” Bitcoin is numismatic, but it is also in all likelihood the an-

30

coinagemag.com

tecedent to some yet-to-emerge technology. It is revolutionary to money like Pentium chips were to home computing. The idea that it will stick around for the long term – as an investment – isn’t something I feel comfortable with. That being said, we often keep tabs with what is going on with Bitcoin and publish articles and link-outs on CoinWeek. Has it funneled billions of dollars from the coin marketplace? I doubt it, and I would like to see some data on that before I agree with such a statement. Also, when it comes to Bitcoin, unless you really know technology and web security inside and out, I’d be very cautious about playing in this market. There have been several high-profile hacks on Bitcoin exchanges, where billions of dollars of value in today’s Bitcoins have been stolen. Governments are also likely to step in and regulate (read: interfere with) the crypto market. All of these issues make crypto hardly a safe haven. Does the United States Mint help or hurt the rare coin marketplace? The United States Mint is a government institution that is also the largest coin dealer in the world. This fact puts a rather big target on the Mint’s back with many collectors and professionals within the rare coin industry. The real problem doesn’t lie with the Mint’s sales strategies or policies, but with the handcuffs that are placed on it by Congress. Great commemorative coin products can be years apart, and even then the designs are dictated down to the very last detail by Congress. Most of these programs are based on some House member’s pet cause and not the result of a carefully planned out and market tested program. Because of this, the U.S. Mint’s numismatic product line seems old fashioned compared to what is coming out of Canada, the U.K., and Austria – to name just a few mints. It would be much better if Congress gave the U.S. Mint the authority to create and develop its own commemorative programs with oversight from Treasury. I would be completely in favor of this idea, and I think it would grow the hobby in the U.S. What would be the impact on existing

grading services and the market be if the U.S. Mint were to offer an option to buy the coins it sells certified with grades assigned by skilled Mint graders? If you look at the quality of the coins coming out of the Mint, it’s apparent that they pay very close attention to quality. The quality of a U.S. Mint product today is as good as it has ever been, and because of this, the certification industry has a real challenge. How do you create additional arbitrage in the market certifying a U.S. Mint product that typically comes perfect or a slight grade below? The 69/70 issue is seen most clearly in the erosion of premiums that the very dealers who market these coins ask for when mass-promoting the latest issues. The answer will not satisfy everybody, but I firmly believe that the grading services have a real opportunity in turning lemons into lemonade. To find out what that is, you’ll have to go find an installment of our “Market Whimsy” column published a few years ago in The Numismatist. There we provide a compelling road map of the way forward. What is the future of print media? The future of print media is niche. Print is in no danger of dying, but publishers have to embrace the strengths of the medium and stop trying to sell print publications built around content that is more suitable for online. The age of print magazines in numismatics is not over, although it would be hard to think otherwise looking at our own U.S. market. But in Europe, they still get it right. If I were the editor of a coin print magazine right now, I’d want my publication to provide readers with something they couldn’t get anywhere else, cover great topics, and do it in-depth so that the magazine has merit beyond the initial read, and I’d want it to sit alongside the DuPont Registry or the Robb Report. We do ourselves no favors by putting magazines that cover million-dollar coins next to model train magazines and knitting guides. Magazine publishers should also stop dumbing down content so that it’s readable by everybody and interesting to no one. Respect the audience and write the kind of things I want to read. Do that, and you’ve got me sold.

COINage


Trio of Identical “Six Aces” Notes

These three Federal Reserve notes have identical serial numbers. Dated series 2013 and grading Crisp Uncirculated, all three notes start with six consecutive ones followed by two spares other than one. The $1.00 notes were issued at District 3 (Philadelphia, Pennsylvania) and District 12 (San Francisco, California) and the $5.00 note was issued at District 12 (San Francisco, California). All three identical six of a kind serial numbered notes are priced at only… $69.50

Confederate Bonds of 1861

Gem Proof Silver “S” Kennedy Halves

1992-S 1993-S 1995-S 1997-S 1998-S 1999-S 2000-S 2001-S

$18.50 26.50 44.50 32.50 19.50 44.50 19.50 27.50

2002-S 2005-S 2006-S 2008-S 2009-S 2010-S 2011-S 2012-S

$26.50 19.50 19.50 24.50 24.50 27.50 29.50 139.50

Nice Full Horn VF Buffalo Nickel Rolls Forty coins per roll.

1936 1936-S 1937

$69.50 74.50 69.50

1937-D 1937-S 1938-D

$74.50 99.50 179.50

BU Franklin Halves MS-60 or better.

1949-D 1949-S 1951-D

$39.50 54.50 29.50

1951-S 1952-S

$22.50 64.50

War Nickel Sets

These Confederate bonds represent the first series of bonds that were offered by the newly formed Confederate States of America. Only three days after their initial offering on April 20, 1861, the initial subscription of $5,000,000 had been sold along with $3,000,000 in over-subscriptions. The support, as expected, came primarily from the South, and from Southern banks in particular. Additional support later came from Europe, particularly England, which had an economic interest in the South. These initial bonds are much scarcer than ones which would be issued later. Initially backed by cotton, these Confederate bonds of 1861, with some interest receipts attached, are available in the following denominations: $500 Bond……………..$149.50 $1,000 Bond……………169.50 Both for $299.50

1876 Bolivian Token

This Brilliant Uncirculated Bolivian Five Centavos token is undated but was w minted at t the Heaton Mint in Birmingham, England in 1876. Weighing 1.68 grams and measuring 16 millimeters, this copper-nickel token was struck for the Department of Cochabamba (one of the districts in Bolivia). The obverse pictures an eagle atop a fountain and the reverse honors Daniel M. Quirosa. Priced at only… $9.95 Ten for $79.50 TERMS AND POLICY

We offer these complete 11-piece War Nickel Sets in a nice holder, as pictured. VG/F $19.50 AU/BU $49.50 XF 39.50 BU (MS 60+) 79.50

Complete Jefferson Nickel Sets (1938-1964)

This nice average circulated (VG or better) set is comprised of 71 coins including the scarce 1950-D. While our limited stock lasts, our asking price is only…

$49.50

VG Semi-Key Lincolns

1909 VDB 1910-S 1911-D 1911-S 1912-D 1912-S 1913-D 1864BR 1864”L” 1865 1868

$9.50 17.50 5.75 47.50 9.95 21.50 2.50

1913-S 1914-S 1915-S 1922-D 1923-S 1924-D 1926-S

$14.95 22.50 21.50 21.50 6.95 37.50 9.95

Good Indian Cents $13.50 47.50 12.50 52.50

1878 1885 1894 1909

$27.50 8.50 4.95 7.50

AU Washington Quarters

1932 1934 1934-D 1935-S 1936-D

$14.95 12.95 104.50 37.50 259.50

1936-S 1937-S 1938-S 1939-S 1944

$49.50 99.50 59.50 57.50 9.50

Trio of Identical Six “Fives” Notes

We offer three Crisp Uncirculated identical six of a kind serial-numbered notes beginning with six consecutive “fives” followed by two spares other than “five”. You will receive a $1.00 Federal Reserve note from District 5 (Richmond, Virginia) plus a $5.00 Federal Reserve note from District 6 (Atlanta, Georgia) and another $5.00 note from District 7 (Chicago, Illinois). All three notes are dated series 2013 and are priced at only… $79.50

We Offer You the World

We have just purchased over 25,000 world banknotes that include a great representation of countries from A to Z. These multi-colored notes come in a wide variety of shapes and sizes and cover a multitude of themes, with many depicting rulers or important figures of that particular country’s history. All of the notes we offer grade Nice Circulated to Uncirculated with the vast majority grading Crisp Uncirculated. It has been quite some time since we were able to offer such a variety. These always sell quickly, so place your order to avoid disappointment. 50 Different Notes... $14.95 100 Different Notes...$29.50 200 Different Notes...$79.50 300 Different Notes...$149.50

The Lighthouse of Alexandria

The Lighthouse of Alexandria was a lofty tower built by the Ptolemaic Kingdom between 280 and 247 B.C. It was one of the tallest man-made structures on earth and was regarded as one of the seven wonders of the ancient world. In 2009, the Republic of Palau issued a $1.00 proof coin commemorating the Lighthouse of Alexandria. Issued in base metal and then layered in .999 silver, this Brilliant Proof coin was then colorized to further enhance its beauty. We offer this stunning coin featuring the lighthouse on the obverse and the coat of arms of Palau on the reverse for only... $19.50 Six for $99.50

Website at ValleyViewCoinsAndCollectibles.com

1. A $25.00 minimum order is required. 2. Postage & Insurance are additional. For orders within the Contiguous U.S., please include $8.00. 3. We offer a full 30 day return privilege. No C.O.D. or approval orders will be accepted. 4. All foreign orders are respectfully declined. 5. Due to fluctuations in the market, prices are subject to change. 6. All items are subject to prior sale. 7. Coin grading is subjective, and is based on years of experience. It will be equivalent or better than Photograde or B & D in most cases. 8. California residents must include 9.50% sales tax. 9. Second choices are appreciated.

We Accept:

25040 Avenue Tibbitts Suite G, Dept. CA-217 Valencia, CA 91355

Call Toll-Free 800-648-0808


JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 32

1859-1909 INDIAN HEAD CENTS VG10

F15

VF20

XF40

AU50

MS60

5

10

15

20

40

55

75

425

25

60

125

175

300

400

900

7250

1895

2

2.75

3.50

4

12

20

40

200

1896

2

2.75

3.50

4

15

20

40

200

1897

2

2.75

3.50

4

15

20

40

225

1894 1894 (double die date)

1856-1858 FLYING EAGLE CENTS

THE COINAGE PRICE GUIDE

G04

MS65

G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1898

2

2.75

3.50

4

15

20

40

175

1856

6500

7500

10000

11000

11500

12500

17500

60000

1899

2

2.75

3.50

4

15

20

40

175

1857

30

40

45

50

175

225

500

4000

1900

2

2.75

3.50

4

12

20

35

175

1858 (small letters)

30

40

55

75

175

275

475

5000

1901

2

2.75

3.50

4

12

20

35

175

1858 (large letters)

30

40

55

80

175

250

425

4500

1902

2

2.75

3.50

4

12

20

35

175

1903

2

2.75

3.50

4

12

20

35

175

1904

2

2.75

3.50

4

12

20

35

175

1905

2

2.75

3.50

4

12

20

35

175

1906

2

2.75

3.50

4

12

20

35

175

1907

2

2.75

3.50

4

12

20

35

175

1908

2

2.75

3.50

4

12

20

35

175

1908-S

65

90

100

125

150

200

250

775

1909

10

12

15

18

20

30

40

150

450

525

575

600

700

850

1000

2250

MS66

1909-S

1859-1909 INDIAN HEAD CENTS G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1859

15

20

25

45

100

175

275

3750

1860

10

15

20

35

75

100

200

1500

1860 (point bust)

20

35

50

60

100

150

300

5000

1861

25

35

50

60

100

150

200

1750

1862

8

10

15

25

50

75

125

1275

1863

8

10

15

25

50

75

125

1200

1864 (copper, nickel)

20

30

40

60

90

100

200

1750

1864 (bronze, round bust)

10

18

30

40

60

80

100

350

1864 (bronze, point bust)

50

100

125

150

250

325

425

1750

1865

8

15

20

25

45

55

100

450

1866

40

60

90

100

175

225

300

1000

1909-S V.D.B.

1867

50

80

100

125

175

225

275

1000

1909

1868

35

60

90

125

175

225

275

875

1869

1909-1958 LINCOLN WHEAT CENTS 1909 V.D.B.

1909-S

VG10

VF20

XF40

AU50

MS60

MS63

MS65

10

12

15

18

20

30

65

100

600

700

90

1150

1250

1750

3000

5000

4

5

6

10

15

25

65

100

125

150

225

250

325

375

575

1000

75

150

225

325

450

500

675

1500

1909-S (S over horizontal S)

135

200

250

325

400

500

1000

-

200

500

700

800

900

1000

1200

2500

1910

0.50

1

5

8

18

30

125

200

1870

75

150

225

300

425

475

575

1250

1910-S

1871

75

150

275

300

400

525

625

2000

1911

1872

100

225

325

400

550

675

775

2750

25

50

75

100

200

250

400

1500

1873 (closed 3, double liberty) 300

1869/9

1873 (closed 3)

20

30

50

65

100

175

275

-

1.25

2.50

8

10

20

50

150

275

1911-D

7

10

50

75

100

200

450

-

1911-S

50

55

75

100

200

325

775

1250 300

800

1400

1600

2500

4000

8000

-

2.25

2.50

12

25

40

60

125

1873 (open 3)

25

50

65

75

175

200

300

1000

1912-D

12

25

65

100

175

225

625

-

1874

15

30

60

65

100

150

225

600

1912-S

30

40

80

100

200

300

875

1500

1875

15

40

60

70

125

150

250

600

1913

1876

30

50

100

125

200

250

325

700

1913-D

1877

625

900

1250

1750

2500

2750

3750

8500

1913-S

1878

25

50

100

125

225

250

350

800

1914

1879

7

12

20

35

75

80

100

325

1914-D

250

1880

4

7

10

12

30

50

80

300

1914-S

35

1881

3

6

8

10

25

30

55

300

1915

4

1882

3

6

8

10

25

30

55

275

1915-D

4

8

25

1883

3

6

8

10

25

30

55

250

1915-S

25

30

65

1884

4

7

10

12

30

45

80

350

1916

0.75

2.50

8

12

1885

6

10

20

25

65

75

100

525

1916-D

2.50

5

15

30

1886

3

15

40

50

150

175

200

1250

1916-S

4

10

25

45

1886 (obverse of 1887)

7

20

35

50

150

150

200

850

1917

0.50

2

5

10

1887

3

5

7

8

18

30

55

325

1917 (double die obverse)

275

350

1250

1888/7

2000

4000

6500

8500

-

-

-

-

1917-D

2.50

5

25

1888

2.50

5

7

8

25

30

70

650

1917-S

1.25

3

10

1889

2

3.50

5

6

15

25

50

300

1918

0.50

1

4

1890

2

3.50

5

6

12

25

50

350

1918-D

1.75

5

12

1891

2

3.50

5

6

12

25

50

275

1918-S

1.75

4

12

1892

2

3.50

5

6

20

25

50

250

1919

0.50

1

1893

2

3.50

5

6

18

25

50

225

1919-D

1.75

4

32 coinagemag.com

1912

1.25

3

18

25

40

60

175

625

4

10

50

70

100

225

525

900

18

30

50

75

150

300

700

1250

1.75

5

20

35

55

75

250

-

400

900

1500

2250

3500

7250

12000

40

90

150

350

500

1250

-

15

50

60

90

125

350

575

45

80

125

275

575

100

200

575

1250

2500

18

45

100

125

70

150

550

1500

100

225

1000

2250

15

35

150

-

2000

3000

4000

-

-

40

80

150

375

1750

25

85

200

1000

-

10

15

35

150

325

30

75

150

625

-

30

100

250

1250

3500

3

5

12

30

65

150

10

30

70

125

425

700


COINage_July18_Layout 1 23-05-2018 12:08 Page 33

1909-1958 LINCOLN WHEAT CENTS

XF40

AU50

MS60

MS63

MS65

MS66

1919-S

1.25

3

6

20

60

150

550

-

1920

0.50

1.50

2.50

5

15

25

60

-

1920-D

2.50

6

18

35

75

150

500

1250

1920-S

1.25

3

10

35

100

225

1000

-

1921

1.25

3

10

20

45

75

150

350

1921-S

2.50

6

40

65

125

225

850

-

VG10

VF20

XF40

AU50

MS60

MS63

MS65

1942-D

0.35

0.60

0.75

1

1.25

3

10

18

1942-S

0.40

0.75

1

1.50

5

8

12

15

1943 steel

0.15

0.30

0.50

0.60

1

3.50

25

50

1943-D steel

0.45

0.60

0.75

1

1.50

8

25

50

45

60

100

150

200

300

-

-

1943-S steel

0.20

0.50

0.75

1

3.50

12

30

65 12

1943-D steel (doubled D)

MS66

20

25

40

65

100

200

425

-

1944

0.06

0.10

0.15

0.25

0.50

3.50

10

1922 (missing D)

800

1000

2250

4250

12000

28000

88000

-

1944-D

0.10

0.20

0.25

0.30

0.50

1.75

10

15

1923

0.75

1.50

5

8

15

30

125

200

-

-

-

-

-

475

800

1500

1944-S

0.06

0.10

0.25

0.30

0.40

1.75

8

12

1945

0.06

0.10

0.25

0.30

0.40

1.75

8

12

1923-S

1944-D (D over S)

7

12

45

85

225

475

1500

-

0.50

1

5

10

25

45

90

175

1924-D

45

60

100

150

300

525

1250

3000

1945-D

0.06

0.10

0.25

0.30

0.50

1.50

8

15

1924-S

2.50

6

25

70

125

350

1500

-

1945-S

0.06

0.10

0.25

0.30

0.40

2.25

10

15

1925

0.40

0.60

3

6

10

20

75

-

1946

0.06

0.10

0.25

0.30

0.40

1.50

7

15

1925-D

2.50

6

12

30

65

125

475

-

1946-D

0.06

0.10

0.25

0.30

0.40

0.75

7

15

1925-S

1.75

3

12

30

125

250

875

3750

1946-S

0.06

0.10

0.25

0.30

0.40

1

7

12

1926

0.40

0.60

2

4

10

20

40

85

1947

0.06

0.10

0.25

0.30

0.40

1

5

12

0.06

0.10

0.25

0.30

0.40

0.75

7

15

1924

1926-D

2.50

6

15

30

75

150

675

-

1947-D

1926-S

10

15

30

60

275

525

3000

-

1947-S

0.06

0.10

0.25

0.30

0.40

0.75

8

12

1927

0.35

0.60

2

4

10

20

55

125

1948

0.06

0.10

0.25

0.30

0.40

1

7

12

1927-D

2.25

3

8

25

60

100

325

650

1948-D

0.06

0.10

0.25

0.30

0.40

0.75

7

12

1927-S

2.50

6

15

35

75

200

850

-

1948-S

0.06

0.10

0.25

0.30

0.75

1.75

7

12

1928

0.35

0.60

2

3

8

15

65

125

1949

0.06

0.10

0.25

0.30

0.40

1

5

12

1928-D

1.75

4

5

15

35

70

275

-

1949-D

0.06

0.10

0.25

0.30

0.40

1.25

5

18

1949-S

0.06

0.10

0.25

0.30

1.25

3

7

18

1950

0.06

0.10

0.25

0.30

0.40

1.50

6

10

1950-D

0.06

0.10

0.25

0.30

0.40

1.50

6

12

1950-S

0.06

0.10

0.25

0.30

0.40

1.50

6

10

1951

0.06

0.10

0.25

0.30

0.50

1.50

6

10

1951-D

0.06

0.10

0.25

0.30

0.40

1.50

6

10

1951-S

0.06

0.10

0.25

0.30

0.50

1.50

6

10

1952

0.06

0.10

0.25

0.30

0.50

1.50

6

10

1952-D

0.06

0.10

0.25

0.30

0.40

1.50

7

15

1952-S

0.06

0.10

0.25

0.30

1.25

3

7

12

1953

0.06

0.10

0.25

0.30

0.40

1.50

6

12

1953-D

0.06

0.10

0.25

0.30

0.40

1.50

6

10

1953-S

0.06

0.10

0.25

0.30

0.40

1.50

6

12

1954

0.06

0.10

0.25

0.30

0.40

1.50

6

10

1954-D

0.06

0.10

0.25

0.30

0.40

1.25

4

10

1954-S

0.06

0.10

0.25

0.30

0.40

1

4

10 8

1928-S

1.75

4

10

25

70

150

350

-

1929

0.35

0.60

2

3

8

15

45

90

1929-D

1.25

3

5

12

25

40

125

250

1929-S

1.75

3

6

12

20

35

80

150

1930

0.35

0.60

1.25

2

6

10

25

40

1930-D 1930-S 1931 1931-D 1931-S

0.50 0.55 0.75 7

1 1 2 8

2.50 2 4 15

4 5 8 35

15 10 20 60

30 15 35 100

50 35 70 200

100 70 100 350

75

100

125

135

175

200

300

1932

2.50

4

5

12

18

30

45

75

1932-D

2.25

3

5

12

18

30

50

125

1933 1933-D 1934

2.25 4 0.35

3 6 0.50

6 12 1

12 18 2.75

20 25 6

30 35 10

45 50 18

525

80 100 30

1934-D

0.75

1.25

4

8

15

20

30

60

1935

0.15

0.25

0.50

1

1.75

7

18

30

1935-D

0.35

0.60

1

2.50

5

10

18

25

1935-S

0.50

1

2

4.50

12

18

40

75

1936

0.25

0.40

1

1.50

2.25

4

10

18

1936 (double die obverse)

20

40

80

100

200

300

800

-

1936-D

0.35

0.60

1

1.50

5

8

15

20

1936-S

0.35

0.60

1

2

5

8

15

30

1937

0.35

0.60

1

1.50

2

3

7

15

1937-D

0.35

0.60

1

1.50

3

4

15

18

1937-S

0.35

0.60

1

1.50

3

8

12

25

1938

0.35

0.60

1

1.50

3

5

9

18

1938-D

0.35

0.60

1

1.50

3

5

12

18

1938-S

0.45

0.80

1

2

3

5

15

20

1939

0.35

0.60

1

1.50

2

3

8

20

1939-D

0.35

0.60

1

1.50

3

4

12

20

1939-S

0.35

0.60

1

1.50

3

4

10

25

1940

0.35

0.60

0.75

1

2

3

4.5

18

1940-D

0.35

0.60

1

1.50

2

3

10

15

1940-S

0.35

0.60

1

1.50

2

3

10

18

1941

0.35

0.60

1

1.50

2

3

8

12

1941-D

0.35

0.60

1

1.50

2

3

6

12

1941-S

0.35

0.60

1

1.75

2

3

10

1942

0.35

0.60

0.75

1

1.25

3

7

1955

0.06

0.10

0.25

0.30

0.40

0.75

4

1955 (double die date)

1250

1500

1750

2000

2500

3000

8500

-

1955-D

0.06

0.10

0.25

0.30

0.40

0.75

3

8

1955-S

0.06

0.10

0.25

0.30

0.40

1

4

7

1956

0.06

0.10

0.25

0.30

0.40

0.75

6

12

1956-D

0.06

0.10

0.25

0.30

0.40

0.75

5

12

1957

0.06

0.10

0.25

0.30

0.40

0.75

3

10

1957-D

0.06

0.10

0.25

0.30

0.40

0.75

3

18

1958

0.06

0.10

0.25

0.30

0.40

0.75

3

10

1958-D

0.06

0.10

0.25

0.30

0.40

0.75

3

10

MS67

THE COINAGE PRICE GUIDE

VF20

1922-D

JULY 2018

1909-1958 LINCOLN WHEAT CENTS VG10

1866-1883 SHIELD NICKELS G04

VG10

VF20

XF40

AU50

MS60

MS65

1866

30

50

80

150

225

325

2000

-

18

1867 (with rays)

40

55

100

200

250

400

3500

35000

12

1867 (without rays)

20

30

40

65

100

150

800

-

33


THE COINAGE PRICE GUIDE

JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 34

1866-1883 SHIELD NICKELS

1883-1912 LIBERTY HEAD NICKELS

G04

VG10

VF20

XF40

AU50

MS60

MS65

MS67

VG10

1868

20

30

40

70

100

150

800

-

VF20

XF40

AU50

MS60

MS65

MS66

MS67

1869

20

30

40

70

100

150

800

10000

1870

25

45

60

90

100

175

2000

10000

1889

25

50

80

125

1890

20

40

75

100

150

850

3500

9500

175

1250

3750

1871

80

125

200

300

325

450

2500

-

1891

15

40

75

-

100

150

1250

2500

1872

20

35

60

90

100

175

1750

22500

1892

15

40

-

75

100

150

1000

3500

1873 (closed 3)

40

60

100

150

225

300

2750

-

1893

15

-

40

75

100

150

1000

3500

12500

1873 (open 3)

20

35

50

75

1874

20

35

75

100

100

150

2250

-

1894

125

200

1750

-

1895

40

150

225

300

375

1500

2500

9500

15

40

75

125

150

2250

5500

1875

30

50

85

125

150

250

1500

-

-

1896

25

60

100

150

200

2000

9750

1876

25

50

85

125

150

200

1500

-

-

1897

6

25

50

65

100

875

3250

15000

1879

300

550

750

975

1000

1500

3500

14000

1898

6

25

50

70

125

800

2250

-

1880

1000

1750

3000

6250

7000

12000

75000

-

1899

4

20

30

60

90

575

1500

12500

1881

250

350

500

700

850

1000

2750

7750

1900

4

20

30

60

85

550

1500

15500

1882

15

25

40

65

95

150

700

5000

1901

3

12

30

60

85

525

1500

18000

1883

15

25

40

65

95

150

675

4500

1902

3

12

30

60

85

525

1250

12000

200

350

800

1250

1500

2000

10250

22500

1903

3

12

30

60

85

525

1250

12000

1904

3

12

30

60

85

525

1000

7500

1905

3

12

30

60

85

525

1000

-

1906

3

12

30

60

85

650

3750

-

1907

3

12

30

60

85

775

2000

-

1908

3

12

30

60

85

1000

3500

9500

1909

3

12

30

75

100

950

2500

-

1910

3

12

30

60

85

675

3750

15000

1911

3

12

30

60

85

525

1250

-

1912

3

12

30

60

85

525

1500

-

1912-D

12

40

75

175

300

2000

5500

18000

1912-S

200

500

975

1250

1500

3000

5500

20000

1883 (3 over 2)

1866-1883 SHIELD NICKELS PROOFS 1866 1867 (with rays)

PR60

PR61

PR62

PR63

PR64

PR65

PR66

PR67

1250

1500

1750

2000

2250

3000

5000

18000

18000

20000

25000

35000

42750

62500

75000

-

1867 (without rays)

225

275

325

500

1250

2250

4500

-

1868

250

275

300

375

600

1250

2250

4250

1869

225

275

300

375

550

950

1500

3750

1870

225

275

300

375

525

1000

2500

-

1871

225

275

300

400

550

1000

1500

6250

1872

225

250

300

375

500

700

1250

5000

1873 (closed 3)

225

250

300

350

500

700

1250

6500

1873 (open 3)

225

250

300

350

525

825

1250

5000

1874

225

250

300

350

525

825

1250

5000

1875

225

275

325

400

625

1250

2750

-

1876

225

250

300

350

525

825

1250

1877

3000

3250

3500

3750

4250

5250

1878

1500

1600

1700

1800

1900

1879

325

350

375

450

600

1880

300

325

425

475

1881

250

275

325

1882

200

250

300

1883

200

250

300

1913-1938 INDIAN HEAD BUFFALO NICKELS VG10

VF20

XF40

AU50

AU55

MS60

MS65

MS67

1913 (five cents in recess)

10

15

20

25

30

35

350

5000

6500

1913-D (five cents in recess)

20

30

40

55

65

75

300

2750

6250

12000

1913-S (five cents in recess)

425

500

600

700

750

900

4500

25000

2000

2250

3000

1914

20

25

35

40

45

55

525

7250

800

1250

2750

1914/3

300

500

700

1250

2000

3000

-

-

550

700

950

2000

1914-D

150

200

250

300

400

500

1500

-

375

475

675

925

1750

1914-S

40

60

80

125

150

200

2000

-

350

450

675

925

1750

1915-D

35

50

100

150

200

250

1800

-

1750

1915-S

80

200

375

525

575

675

3500

40000

350

450

675

925

1916

6

8

12

20

35

50

325

-

7000

12500

25000

30000

40000

85000

-

-

1916-D

30

30

90

100

125

175

2000

-

1916-S

20

40

75

125

150

200

2000

22000

1916 (double die obverse)

1917

8

10

15

25

50

80

500

-

1917-D

40

60

100

200

300

400

2500

-

1917-S

40

100

125

250

400

500

5000

-

7

12

25

40

60

100

1200

45000

1918 1918-D

1883-1912 LIBERTY HEAD NICKELS VG10

VF20

XF40

AU50

MS60

1883 (with cents)

35

1884

35

55

80

125

60

100

125

1885

750

1000

1500

1886

425

550

1887

25

1888

50

1918/7-D

45

125

225

325

400

500

4250

2000

5000

9000

12000

22000

35000

265000

-

30

80

150

250

400

500

-

-

MS65

MS66

MS67

1918-S

175

675

1500

15000

1919

5

8

15

25

50

75

500

-

200

1750

3500

14000

1919-D

30

100

250

350

450

650

6500

-

1750

2500

12000

20000

95000

1919-S

30

100

250

375

450

625

15000

-

700

850

1250

7250

28000

-

1920

2.50

6

15

25

35

65

800

10000

40

75

100

150

1000

3500

-

1920-D

25

100

275

400

450

600

6250

-

100

175

225

300

1250

7250

-

1920-S

20

100

225

300

450

600

-

-

34 coinagemag.com


JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 36

1913-1938 INDIAN HEAD BUFFALO NICKELS VF20

XF40

AU50

AU55

MS60

MS65

MS67

8

20

40

80

100

125

800

-

1921-S

100

300

700

1250

1500

1800

7500

-

1923

2.50

8

15

35

45

60

625

15

100

275

325

425

625

2.50

10

25

40

50

20

100

225

325

1921

1923-S 1924

THE COINAGE PRICE GUIDE

1892-1916 BARBER DIMES

VG10

1924-D 1924-S 1925 1925-D 1925-S 1926 1926-D 1926-S 1927 1927-D 1927-S

G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1895-S

40

125

175

200

250

300

500

6500

1896

12

50

70

80

100

125

175

1400

7750

1896-O

80

250

350

400

500

600

1000

9000

10250

-

1896-S

80

250

325

350

400

500

800

4000

75

750

16000

4

7

12

15

30

60

150

600

400

525

5000

-

1897-O

60

250

350

400

500

600

1000

4500

20

80

125

150

200

250

500

3500

4

6

12

15

30

60

150

600

1897

50

400

1250

1750

2000

2500

12000

70000

1897-S

2.50

8

20

25

35

45

400

10000

1898

30

100

150

250

300

400

5000

-

1898-O

12

80

125

150

250

300

500

3250

1898-S

8

30

45

50

80

150

400

3500

1899

4

7

12

15

25

60

125

600

12

80

150

250

300

400

-

-

2.50

5

12

20

25

35

225

3250

20

100

200

250

300

400

4500

-

1899-O

10

50

100

125

175

250

400

4250

1899-S

8

20

35

40

50

100

300

2750

1900

4

7

10

12

25

60

125

650

60

400

875

2500

3500

5000

100000

-

2.50

5

12

20

25

35

275

6000

5

20

60

120

130

150

7000

-

1900-O

20

90

150

175

250

400

600

5000

1900-S

4

8

15

20

30

75

150

1650

1901

4

7

10

12

30

60

125

700

5

35

100

200

325

625

20000

-

1928

2.50

5

15

20

25

35

325

7750

1928-D

2.50

12

45

50

55

60

725

18000

1901-O

4

12

20

30

75

200

500

4250

1928-S

2.50

12

30

100

175

225

3750

25000

1901-S

75

300

400

500

600

700

1000

4800

1929

2.50

5

12

20

25

35

325

28000

1902

4

7

8

10

25

60

125

600

1929-D

2.50

5

35

45

50

65

1250

30000

1902-O

4

12

25

40

75

150

400

4500

1902-S

8

45

80

125

150

200

400

3500

1903

4

7

8

10

30

60

125

1000

1903-O

4

12

20

25

60

100

250

4500

1903-S

80

300

400

500

700

800

1250

2800

4

7

8

10

30

60

125

1300 4500

1929-S

5

12

35

45

55

65

325

-

1930

2.50

5

10

20

25

30

225

-

1930-S

2.50

5

12

30

45

60

425

-

1931-S

18

20

35

50

60

65

325

32000

1934

2.50

5

12

18

25

45

300

4250

1934-D

2.50

10

20

25

50

60

225

4250

1935

2.50

5

8

10

12

20

125

1750

90

200

800

1500

2500

5000

-

-

1935-D

2.50

10

20

40

50

65

400

6000

1935-S

2.50

5

8

18

20

45

200

3750

1936

2.50

5

8

10

15

18

75

800

1936-D

2.50

5

6

12

18

25

125

-

1936-D (3 1/2 legs)

1600

4000

6500

-

-

-

-

-

1936-S

2.50

5

8

12

18

35

100

1500

1937

2.50

5

8

10

12

18

60

450

1937-D

2.50

5

8

12

18

25

60

725

1937-D (3 legs)

1935 (double die reverse)

700

900

1000

1250

1500

2250

38000

130000

1937-S

2

3

8

12

18

30

65

1000

1938-D

4

5

6

8

12

20

55

175

1938-D (D over D)

6

10

12

18

20

30

90

800

1938-D (D over S)

6

10

20

30

35

55

150

875

1892-1916 BARBER DIMES 1892

1904 1904-S

40

150

225

250

350

500

750

1905

4

7

8

10

30

60

125

700

1905-O (large O)

4

30

50

60

100

150

300

1500

1905-O (small o)

40

60

125

175

250

400

1800

12000

1905-S

4

8

15

20

50

100

200

1000

1906

4

5

6

8

25

60

100

650

1906-D

4

7

10

15

40

80

150

1500

1906-O

4

35

60

80

100

125

200

1200

1906-S

4

12

20

25

50

100

250

1250

1907

4

5

6

8

25

60

100

625

1907-D

4

8

10

12

50

100

300

2250

1907-O

4

20

40

50

70

100

200

1250

1907-S

4

12

20

30

70

150

400

2200

1908

4

5

6

8

25

60

100

650

1908-D

4

5

6

10

30

60

125

900

1908-O

4

35

60

75

100

150

300

1500

1908-S

4

8

15

25

50

150

300

1800

1909

4

5

6

8

25

60

100

600

1909-D

8

45

80

125

150

250

500

2500

1909-O

4

10

20

25

50

100

200

1600

1909-S

8

75

125

150

200

300

500

2500

1910

4

5

6

10

25

60

100

600

1910-D

4

8

12

25

50

100

200

1500

1910-S

4

35

60

75

125

225

400

2300

1911

4

5

6

8

25

60

100

850

G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1911-D

4

5

6

8

30

60

100

850

8

12

20

25

30

60

120

600

1911-S

4

8

12

20

40

100

200

1000

1892-O

12

30

50

60

80

100

150

1250

1912

4

5

6

8

25

60

100

650

1892-S

80

175

200

225

275

300

400

4000

1912-D

4

5

6

8

25

60

100

725

8

15

25

30

50

75

175

1000

1912-S

4

5

10

15

40

100

150

850

1893/2

125

175

225

250

300

400

800

5500

1913

4

5

6

8

25

60

100

650

1893-O

30

100

140

150

200

250

300

2500

1913-S

30

80

150

200

250

300

450

1400

1893-S

15

30

50

75

100

150

300

3000

1914

4

5

6

8

25

60

100

650

1894

30

100

125

150

200

250

300

1200

1914-D

4

5

6

8

25

60

100

650

1894-O

80

200

250

300

450

550

1600

-

1914-S

4

8

12

20

40

80

150

1200

80

300

400

450

500

600

700

2250

1915

4

5

6

8

25

60

100

650

425

800

1300

1500

2800

4000

5500

23000

1915-S

8

30

45

50

75

150

250

1500

1893

1895 1895-O

36 coinagemag.com


THE COINAGE PRICE GUIDE

JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 38

1892-1916 BARBER DIMES

1916-1945 MERCURY DIMES

G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1916

4

5

6

8

25

60

100

650

1916-S

4

5

6

8

25

60

100

650

1892-1915 BARBER DIMES PROOFS PR61

PR62

PR63

1892

400

450

1893

450

650 450

1894 1894-S

400 365000

PR64

PR65

PR66

650

975

1500

975

1500

2250

625

950

1500

500000 1200000 1850000

PR67

PR68

2250

4500

-

4500

10500

-

2250

4250

10750

2350000 2900000

-

-

1895

400

475

675

975

1750

2000

4500

12000

1896

400

450

650

950

1750

2000

4500

-

1897

400

450

650

950

1500

2000

4250

12000

1898

400

450

625

950

1500

2000

4250

12000

1899

400

450

625

950

1500

2000

4500

12000

1900

400

450

625

950

1500

2000

4250

10750

1901

400

450

625

950

1500

2000

4500

-

1902

400

450

625

950

1500

2000

5000

15000

1903

400

450

625

950

1500

2000

4750

14000

1904

400

450

625

950

1500

2000

4500

10750

1905

400

450

625

950

1500

2000

4250

10500

1906

400

450

625

950

1500

2250

4250

12000

1907

400

450

625

950

1500

2250

4500

12000

1908

400

450

625

950

1500

2000

4500

12000

1909

400

450

625

975

1500

2000

4500

12000

1910

400

450

625

950

1500

2000

4500

12500

1911

400

450

625

950

1500

2000

4500

12500

1912 1913 1914 1915

400 400 400 400

450 450 450 450

625 625 625 625

950 950 975 975

1500

2000

1500

2000

1500

2000

1750

2500

5000 4750 5250 5500

12000 10750 14000 -

1916-1945 MERCURY DIMES

G04

VG10

VF20

XF40

AU50

MS60

MS63

MS65

1921

60

100

250

550

900

1200

1700

3500

1921-D

80

150

400

600

1000

1500

2100

3200

1923

3

4

6

8

15

30

40

100

1923-S

3

6

20

80

100

175

350

1200

1924

3

4

6

15

30

40

75

180

1924-D

3

8

25

60

100

175

425

900

1924-S

3

4

12

60

100

200

450

1100

1925

3

4

6

10

15

30

80

200

1925-D

3

12

50

150

200

350

750

1800

1925-S

3

6

20

80

100

200

500

1500

1926

3

4

6

8

12

25

60

225

1926-D

3

4

12

30

50

125

275

600

1926-S

12

20

75

300

400

1000

1800

3000

1927

3

4

6

8

12

30

50

150

1927-D

3

6

25

80

100

175

400

1400

1927-S

3

4

12

30

50

300

500

1600

1928

3

4

6

8

15

30

40

125

1928-D

3

10

25

75

100

175

325

900

1928-S (large S)

4

6

12

40

80

250

400

800

1928-S (small S)

3

4

6

20

40

150

300

500

1929

3

4

6

8

10

20

30

60

1929-D

3

4

8

12

20

30

35

80

1929-S

3

4

6

8

20

30

45

125

1930

3

4

6

8

15

30

45

125

1930-S

3

4

6

20

50

80

125

200

1931

3

4

6

15

25

40

70

130

1931-D

8

12

20

50

60

90

110

275

1931-S

3

4

12

25

50

100

125

275

1934

2

2.50

4

6

10

30

40

60

1934-D

2

2.50

4

15

30

40

50

80

1935

2

2.50

4

5

8

10

20

35

1935-D

2

2.50

4

15

25

40

50

80

1935-S

2

2.50

4

6

15

25

30

40

1936

2

2.50

4

5

6

10

15

30

1936-D

2

2.50

4

8

15

30

35

50

1936-S

2

2.50

4

6

15

25

30

40

1937

2

2.50

4

5

6

8

15

25

1937-D

2

2.50

4

5

12

25

30

45

1937-S

2

2.50

4

5

12

25

30

40

1938

2

2.50

4

5

8

12

15

30

1938-D

2

2.50

4

5

12

15

20

30

1938-S

2

2.50

4

5

12

20

25

35

1939

2

2.50

4

5

6

10

15

30

1939-D

2

2.50

4

5

6

8

12

20

1939-S

2

2.50

4

5

15

25

30

45

1940

2

2.50

4

5

6

8

10

25

1940-D

2

2.50

4

5

6

8

12

30

1940-S

2

2.50

4

5

6

8

12

30

1941

2

2.50

4

5

6

8

12

25

1941-D

2

2.50

4

4.50

5

6

12

25

G04

VG10

VF20

XF40

AU50

MS60

MS63

MS65

3

4

8

12

25

30

45

100

1916-D

1000

2250

4500

6000

9000

-

-

-

1916-S

3

8

15

25

30

50

60

200

1941-S (large S)

4

6

15

25

30

110

-

-

1917

3

4

6

8

15

50

60

150

1941-S (small S)

2

2.50

4

4.50

5

6

12

25

1917-D

3

10

30

60

80

250

300

1000

500

600

650

800

1250

3000

4500

-

1917-S

3

4

8

15

30

150

175

425

1942

2

2.50

4

4.50

5

6

12

25

1918

3

4

12

40

50

80

100

425

1942/1-D

500

600

650

800

1250

3000

5000

9000

1918-D

3

5

12

30

50

200

250

700

1942-D

2

2.50

4

4.50

5

8

12

25

1918-S

3

4

12

25

40

200

250

750

1942-S

2

2.50

4

4.50

5

8

15

25

1919

3

4

6

12

25

150

175

350

1943

2

2.50

4

4.50

5

8

12

25

1919-D

3

12

30

50

80

350

425

1400

1943-D

2

2.50

4

4.50

5

8

12

25

1919-S

3

10

20

40

80

400

450

1250

1943-S

2

2.50

4

4.50

5

8

12

25

1920

3

4

6

8

15

60

70

250

1944

2

2.50

4

4.50

5

8

12

25

1920-D

3

4

10

25

50

300

325

600

1944-D

2

2.50

4

4.50

5

8

12

20

1920-S

3

5

10

20

40

250

300

1400

1944-S

2

2.50

4

4.50

5

8

12

25

1916

38 coinagemag.com

1942/1


COINage_July18_Layout 1 23-05-2018 12:08 Page 39

1838-1891 SEATED LIBERTY QUARTERS

VG10

VF20

XF40

AU50

MS60

MS63

MS65

1945

2

2.50

4

4.50

5

8

12

20

1854-O (large O)

1945-D

2

2.50

4

4.50

5

8

12

20

1855

1945-S (large S)

2

2.50

4

4.50

5

8

12

20

1855-O

1945-S (small S)

3

4

8

12

20

30

40

100

VG10

F15

VF20

XF40

AU50

MS60

MS65

30

35

50

60

125

275

900

10000

800

2000

3500

4250

7500

11500

-

-

30

35

40

45

75

250

475

9000

1855-S

40

75

200

250

475

1250

3000

-

1856

45

80

175

225

550

1250

2500

30000

1856-O

30

35

40

45

80

175

275

4000

1856-S

25

30

50

60

100

300

925

9000

1856-S/S

60

250

300

350

1500

2250

5000

-

150

350

1000

1250

2500

3500

-

-

1857-O

30

35

40

45

75

200

300

4000

1857-S

30

35

40

45

125

400

1000

-

100

200

325

400

700

1250

3000

-

1858-O

25

30

40

45

75

150

300

4000

1858-S

30

35

50

60

150

400

1500

25000

1859

75

200

600

800

2750

3750

13500

-

1859-O

30

35

40

45

80

200

575

7250

1859-S

150

300

600

900

3250

9750

40000

-

30

35

45

50

85

200

450

4500 13000

1858

1936-1942 MERCURY DIMES PROOFS PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

-

500

600

750

1000

1500

2000

25000

1937

-

200

300

350

400

500

750

1750

1938

100

150

200

225

250

300

400

2000

1939

-

-

150

175

200

250

400

1250

1940

-

-

-

-

150

200

400

2500

1941

-

100

125

150

175

200

250

3000

1942

-

-

100

125

150

200

250

1250

1860 1860-O

30

45

60

70

125

375

950

1860-S

450

1500

3000

4000

15000

25000

45000

-

25

30

40

45

80

200

300

3500

1861 1861-S

100

200

450

750

4000

9000

25000

-

1862

30

35

45

50

100

175

350

4350

1862-S

75

200

350

475

875

1500

3500

-

1863

45

60

100

150

250

375

650

4750 5000

1864

80

125

200

225

350

450

775

450

850

1750

2250

3500

4750

12500

-

75

125

200

225

350

450

850

6750

1865-S

100

200

300

400

800

1250

2750

12000

1866

450

700

1000

1100

1500

1700

2250

6750

1866-S

300

600

1200

1400

1750

2500

3750

17500 -

1864-S 1865

1838-1891 SEATED LIBERTY QUARTERS 1838

G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1867

275

450

675

850

1300

1500

1900

30

45

75

100

375

650

1250

36500

1867-S

250

650

1000

1250

3000

7000

14000

-

150

250

325

375

500

550

900

7250 15000

1839

30

45

75

100

375

650

1250

38000

1868

1840-O (without drapery)

40

60

100

125

425

700

1250

48500

1868-S

100

250

375

450

775

1500

3250

1840 (with drapery)

30

40

75

100

225

350

800

14500

1869

300

500

625

700

925

1000

1750

7500

100

250

400

475

850

1500

2750

15500 6500

1840-O (with drapery)

35

80

150

200

350

525

1100

17500

1869-S

1841

55

75

150

175

275

400

950

11000

1870

1841-O

30

40

75

85

200

325

750

10000

1870-CC

1842-O (large date)

80

100

275

300

400

750

1750

14500

1871

1843

55

100

175

200

300

400

850

8500

16500

20000

25000

40000

55000

75000

-

30

50

80

125

225

350

725

7500

1871-CC

3250

8750

12000

15500

26500

40000

66500

-

1871-S

400

675

1000

1100

1500

2750

4450

11500 7350

500

1500

2250

2750

4500

9000

25000

-

1843-O

30

35

40

45

75

200

400

6750

1844

30

50

100

150

400

825

2250

-

30

65

80

90

175

300

600

1844-O

30

35

40

45

100

225

450

8250

1872-CC

1250

2500

4500

6000

13000

20000

44500

-

1845

30

45

75

100

200

375

1250

8000

1872-S

850

1750

2750

3250

5000

6750

8750

52500

1846

30

35

40

45

100

200

500

6250

1873 (closed 3)

250

500

675

800

1750

2750

7500

-

1873 (open 3)

35

50

125

135

175

250

450

5750 4000

1872

1847

30

35

45

50

200

275

525

10000

1847-O

30

35

40

45

80

200

500

6750

1848

35

80

150

200

500

1750

3750

-

1873-CC (with arrows)

1849

40

75

150

175

275

475

1000

-

1849-O

1873 (with arrows)

25

30

40

60

200

425

725

3000

8000

13000

16500

26500

47500

93500

-

1873-S

30

60

125

175

325

525

1500

20000

1874

30

35

40

60

200

400

725

3500

1874-S

30

45

75

100

300

500

900

3500

25

30

35

40

60

150

250

1750

30

35

50

75

150

300

700

13500

550

1000

1750

2250

4000

5750

10000

-

1850-O

30

50

100

125

200

350

850

10500

1875

1851

30

75

125

150

250

600

1500

15000

1875-CC

100

225

350

450

825

1250

4000

30000

1875-S

40

60

75

80

175

250

600

3250

1876

25

30

35

40

60

150

250

1750

1876-CC

50

75

100

120

150

300

550

5500

1876-S

25

30

35

40

60

150

250

2250

1850

1851-O

35

100

150

200

275

400

1000

8000

200

450

750

1000

1750

3000

5750

-

40

70

100

175

275

400

750

6250

1853 (recut date)

200

400

1000

1250

2750

4250

12500

-

1853

350

750

1100

1250

1750

2500

3750

11000

1877

25

30

35

40

60

150

250

1750

1853/4

30

35

40

50

150

325

900

17000

1877-CC

50

70

90

100

150

250

450

2500

1853-O

40

80

150

200

400

1000

2000

45000

1877-S

25

30

35

40

60

150

250

1750

1854

30

50

75

85

300

1250

3000

25000

1877-S (S over horizontal S)

25

60

100

150

250

350

700

4250

1854-O

25

30

35

40

75

250

475

9000

1878

25

30

35

40

60

150

275

2750

1852 1852-O

THE COINAGE PRICE GUIDE

G04

1857

1936

JULY 2018

1916-1945 MERCURY DIMES G04

39


THE COINAGE PRICE GUIDE

JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 40

1838-1891 SEATED LIBERTY QUARTERS G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1878-CC

60

90

120

140

150

250

550

3500

1878-S

150

300

400

450

800

1000

2000

-

1879

175

250

300

325

375

450

575

1750

1880

150

250

300

325

375

450

575

2000

1881

200

250

300

325

400

450

550

2250

1882

225

270

300

325

400

450

600

2250

G04

VG10

VF20

XF40

AU50

MS60

MS63

MS65

1883

225

270

300

325

400

450

600

2500

1892

12

15

45

75

125

200

475

1250

1884

225

350

500

525

550

600

725

2250

1892-O

15

35

65

100

175

325

475

1500

1885

150

225

275

300

400

475

600

2750

1892-S

40

75

150

200

325

450

925

4500

1886

325

500

600

650

675

750

925

3250

1893

10

15

40

75

125

225

475

1500

12

20

60

125

175

275

475

2000

1892-1916 BARBER QUARTERS

1887

225

350

425

450

500

550

700

2500

1893-O

1888

200

300

375

425

475

525

650

2000

1893-S

20

50

125

200

350

450

1000

7000

25

30

35

40

60

150

400

4000

1894

12

20

50

100

150

250

475

1250

1889

200

300

325

350

425

475

600

1750

1894-O

12

35

75

150

225

350

675

2000

1890

60

75

125

150

200

300

450

1750

1894-S

12

20

75

125

200

325

750

2500

1891

25

30

35

40

60

150

250

1750

1895

12

20

40

80

125

225

475

1800

1891-O

175

450

650

750

1000

1250

4750

26500

1895-O

12

35

80

150

225

425

950

2500

1891-S

30

35

40

45

75

150

300

2250

1895-S

20

60

150

200

275

425

1000

3500

1896

12

20

50

100

150

250

500

1250

1896-O

65

150

375

650

950

1200

1850

7000

1896-S

850

2250

4000

5500

7500

10500

17500

50000

1888-S

1858-1891 SEATED LIBERTY QUARTERS PROOFS PR61

PR62

PR63

PR64

PR65

PR66

PR67

PR68

1858

1250

1500

1750

3000

8000

25000

58000

-

1859

775

1000

1500

2500

5000

9500

25000

-

1860

725

975

1500

2500

5000

9250

28000

55000

1861

700

975

1500

2500

5000

9500

28000

-

1862

700

950

1500

2500

5000

9500

28000

-

1863

700

925

1500

2500

5000

9500

28000

-

1864

725

950

1500

2500

5000

9500

22000

48000

1865

700

950

1500

2500

5000

10000

25000

40000

1866

500

700

1000

1500

2750

4250

7750

-

1867 1868

525 500

700 700

1000 1000

1500 1500

2500 3250

4000 15500

7000 -

-

1869

525

700

1000

1500

3000

4750

8250

-

1870

500

675

1000

1500

3000

4500

7250

-

1871

475

675

1000

1500

2750

3750

7500

-

1872

475

675

1000

1500

2750

3750

7500

25000

1873 (closed 3)

475

675

1000

1500

2750

3750

7000

25000

1873 (with arrows)

825

1000

1750

3500

8000

12000

35000

50000

1874

850

1000

1750

3500

8000

12000

28000

55000

1875

450

650

1000

1250

2250

3750

7000

15000

1876

475

625

1000

1250

2250

3750

6750

-

1877

475

650

1000

1250

2250

3500

6500

-

1878

475

625

1000

1250

2250

3500

6750

-

1897

12

15

35

75

125

225

475

1500

1897-O

45

125

400

450

625

850

1850

3500

1897-S

125

250

475

650

950

1425

2000

6500

1898

12

15

35

75

125

200

475

1500

1898-O

15

60

150

300

450

650

1675

9000

1898-S

12

30

75

100

225

425

1550

7000

1899

12

15

35

75

125

200

475

1250

1899-O

15

30

75

150

300

425

775

3000

1899-S

25

65

100

150

275

425

1550

4000

1900

12

18

40

75

150

275

475

1250

1900-O

15

50

125

175

350

575

875

3750

1900-S

12

20

50

80

150

400

1100

5000

1901

30

45

75

90

125

200

475

1500

1901-O

75

175

400

650

875

1000

2000

5500

1901-S

5500

15000

28000

32250

40250

43500

50500

75000

1902

7

15

30

75

125

200

475

1225

1902-O

10

25

85

150

225

475

1300

4150

1902-S

15

35

90

175

250

525

975

3525

8

15

35

75

125

200

475

2150

1903-O

10

25

60

150

250

425

1150

4850

1903-S

15

35

90

150

275

450

850

2400

8

15

30

75

125

200

475

1225

1904-O

30

50

150

225

450

825

1300

2625

1905

30

45

65

95

125

200

475

1425

1905-O

45

100

250

275

375

475

1300

7100

1905-S

35

65

105

125

200

350

1000

3650

8

15

35

75

125

200

475

1150

1906-D

8

15

40

75

150

225

475

1650

1906-O

10

25

60

100

200

325

550

1225

7

12

35

75

125

200

475

1225

1903

1904

1906

1907

1879

475

625

1000

1250

2250

3500

7500

-

1880

475

625

1000

1250

2250

3250

6000

18000

1907-D

8

15

50

100

175

250

750

2625

1881

475

625

1000

1250

2250

3250

6000

18000

1907-O

10

18

40

75

125

200

475

2025

12

25

70

125

275

475

1000

5275

1882

475

650

1000

1250

2250

3250

6000

18000

1907-S

1883

475

625

1000

1250

2250

3250

6000

18000

1908

8

15

30

75

125

200

450

1225

1884

475

625

1000

1250

2250

3250

6000

18000

1908-D

7

12

35

75

125

250

475

1225

1885

475

625

1000

1250

2250

3250

5750

15000

1908-O

8

15

40

75

125

200

475

1225

1886

475

625

1000

1250

2250

3250

6000

18000

1908-S

25

75

150

300

500

750

1300

4425

1887

475

625

1000

1250

2250

3250

5750

18000

1909

8

15

30

75

125

200

475

1125

1888

475

625

1000

1250

2250

3250

6000

18000

1909-D

8

15

40

80

150

200

475

1225

1889

475

625

1000

1250

2250

3250

5750

18000

1909-O

50

250

525

700

1000

1500

2325

8500

1890

475

625

1000

1250

2250

3250

5750

18000

1909-S

7

12

50

100

200

300

675

2200

1891

475

625

1000

1250

2250

3250

5750

18000

1910

7

20

35

75

125

200

450

1225

40 coinagemag.com


COINage_July18_Layout 1 23-05-2018 12:08 Page 41

1910-D

VG10

VF20

XF40

AU50

MS60

MS63

MS65

G04

VG10

VF20

XF40

AU50

MS60

MS63

MS65

8

25

70

125

250

350

925

1800

1917-D (no stars below eagle)

30

80

125

200

250

325

400

1200

30

80

150

250

300

375

450

1400

7

15

35

75

125

200

475

1225

1917-S (no stars below eagle)

1911-D

30

100

325

500

700

950

1200

6000

1917 (stars below eagle)

30

45

70

100

150

200

325

700

1911-S

12

30

100

175

275

400

725

1500

1917-D (stars below eagle)

35

50

125

175

225

275

450

1500 1300

1911

15

35

50

125

220

475

1250

1917-S (stars below eagle)

35

45

125

175

200

375

450

18

40

85

125

225

400

1000

1750

1918

20

25

30

40

80

125

250

800

1913

25

50

200

375

525

925

1125

4500

1918-D

30

45

80

150

200

300

450

1700

1918-S

20

25

30

60

100

275

300

1250

1919

35

45

75

85

125

175

300

650

1913-D

12

20

55

100

200

275

475

1250

1913-S

1800

4000

8500

11250

14000

15000

20000

31500

1914

8

15

30

75

125

200

475

1250

1919-D

75

100

425

650

800

1000

1700

3400

1914-D

8

15

30

75

125

200

475

1100

1919-S

75

100

275

500

575

725

1500

4000

15

25

40

50

90

150

300

600

50

70

125

175

225

350

800

2000

125

350

650

950

1100

1425

1500

3500

1920

1915

8

15

35

75

125

200

475

1250

1920-D

1915-D

8

15

35

75

125

200

475

1250

1920-S

1914-S

1915-S

30

55

100

100

200

300

500

1250

1916

8

15

30

75

125

200

475

1250

1916-D

8

15

30

75

125

200

475

1250

15

30

35

60

150

250

700

2300

1921

175

300

675

850

1150

1725

2200

3500

1923

15

20

40

50

100

150

275

600

250

400

1000

1600

2100

2750

3000

4600

1924

15

25

35

50

100

200

275

650

1924-D

50

70

125

200

250

300

375

650

1924-S

25

35

60

125

225

300

1150

2000

1925

7

8

20

45

80

150

300

600

1926

8

8

12

40

80

150

275

600

1926-D

7

10

50

100

125

175

250

500

1926-S

7

10

20

100

225

350

900

2000 500

1923-S

1927

1892-1915 BARBER QUARTERS PROOFS 1892 1893 1894 1895

PR61

PR63

PR64

PR65

PR66

PR67

PR68

PR69

475

875

1250

2000

3000

5000

14000

40000

475 475 465

875 875 925

1250 1250 1250

2000 2000 2000

3000 3000 3000

5000 5750 5500

15000 15000 15000

35000 40000 -

7

9

12

40

80

125

250

1927-D

12

20

80

150

200

275

350

600

1927-S

30

80

325

975

2750

4500

7000

11250

1928

7

10

12

30

80

150

250

500

1928-D

7

10

12

30

80

150

250

525

1928-S

7

10

12

30

80

150

250

500

1929

7

10

12

30

80

150

250

500

1929-D

7

10

12

30

80

150

250

500

1929-S

7

10

12

30

80

150

250

500

1930

7

10

12

30

80

150

250

500

1930-S

7

8

12

35

80

150

250

500

1896

475

925

1250

2000

3250

5500

14000

32000

1897

475

875

1250

2000

3000

5250

14000

-

1898

475

900

1250

2000

3000

5250

12000

32000

1899

475

875

1250

2000

3000

5000

12000

-

1900

475

875

1250

2000

3000

5250

15000

-

1901

475

875

1250

2000

3000

5500

12000

-

1902

475

875

1250

2000

3000

5500

14000

-

1903

475

875

1250

2000

3000

5000

12000

-

1904

475

875

1250

2000

3000

5000

12000

40000

1905

475

875

1250

2000

3000

5000

15000

-

1906

475

875

1250

2000

3000

5000

14000

-

1907

475

875

1250

2000

3000

5000

14000

-

1908

475

875

1250

2000

3000

5000

14000

30000

1909

475

875

1250

2000

3000

5250

14000

-

G04

VG10

VF20

XF40

AU50

MS60

MS65

MS67

1910

475

875

1250

2000

3000

5000

14000

-

1839

40

65

175

300

450

1250

18500

-

1911

475

875

1250

2000

3000

5000

14000

-

1840 (small letters)

45

75

150

300

375

900

10000

-

1912

475

875

1250

2000

3000

5250

15000

60000

1840 (medium letters)

200

350

650

1400

1750

4500

25000

-

1913

475

875

1250

2250

3000

5750

14000

30000

1840-O

50

60

150

325

450

900

-

-

1914

475

900

1250

2500

3000

5500

14000

-

1841

50

75

200

350

450

1500

18000

-

1915

475

900

1250

2500

5000

10000

20000

-

1841-O

40

65

150

325

450

1250

28000

-

1842 (medium date)

30

55

100

150

300

800

8000

-

1842-O (small date)

800

1250

2500

4750

7500

18000

-

-

1839-1891 SEATED LIBERTY HALF DOLLARS

1842-O (medium date)

30

50

75

225

375

1250

25000

40000

1843

30

50

65

175

250

650

15000

45000

1843-O

30

50

75

225

350

825

22000

-

1844

30

50

75

175

275

650

5000

-

1844-O

1916 1917 (no stars below eagle)

30

60

100

250

300

950

-

500

1000

1750

3500

8000

-

-

-

1845

40

75

175

300

475

1000

-

-

1844-O (double date)

1916-1930 STANDING LIBERTY QUARTERS

THE COINAGE PRICE GUIDE

7

1912-S

1912

JULY 2018

1916-1930 STANDING LIBERTY QUARTERS

1892-1916 BARBER QUARTERS G04

G04

VG10

VF20

XF40

AU50

MS60

MS63

MS65

1845-O

40

55

125

275

375

825

9750

-

3000

6500

9500

10000

11750

14000

20250

27250

1845-O (missing drapery)

50

90

200

600

800

-

-

-

30

60

100

125

200

250

300

800

1846 (medium date)

30

55

85

200

300

700

12500

-

41


JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 42

1839-1891 SEATED LIBERTY HALF DOLLARS

G04

VG10

VF20

XF40

AU50

MS60

MS65

30

50

75

150

225

625

5750

-

1871-CC

475

775

1500

3500

5750

20000

-

-

-

1871-S

30

50

75

150

300

700

8000

-

-

1872

30

50

75

175

275

600

6500

-

1872-CC

225

350

1250

2500

4750

25000

-

38000

VG10

VF20

XF40

AU50

MS60

MS65

MS67

1846 (large date)

40

60

150

400

500

800

-

-

1871

1846-O (medium date)

30

50

80

200

300

1250

-

-

1846-O (large date)

250

450

900

2000

2750

8500

-

1846 (over horizontal 6)

150

275

500

800

1500

6000

-

30

50

75

175

250

700

8500

30000

1847

THE COINAGE PRICE GUIDE

1839-1891 SEATED LIBERTY HALF DOLLARS

G04

MS67

1847-O

30

50

80

250

350

850

18000

-

1872-S

35

65

175

375

450

1500

25000

1847/6

2500

4000

8000

12000

-

-

-

-

1873 (closed 3)

40

65

125

225

325

775

7500

-

1848

50

80

200

350

525

1000

9000

-

1873 (open 3)

3250

4500

6750

9500

12500

28000

-

-

1848-O

35

60

100

300

375

975

15000

-

1873-CC

400

625

1750

3000

5000

12000

78000

125000

1849

40

60

100

225

475

925

-

-

1873 (with arrows)

40

65

125

275

450

975

18000

-

1849-O

40

60

100

275

475

1000

22500

-

1873-CC (with arrows)

350

450

1250

2500

3750

8500

55000

-

225

375

700

850

1000

2000

25000

-

1873-S (with arrows)

75

150

275

575

950

2750

52500

-

30

55

100

200

300

800

14000

-

1874

40

75

125

275

450

975

18000

70000

350

500

1000

1500

1750

3250

14000

-

1874-CC

1250

2000

3250

5500

7750

17250

95000

-

40

75

200

300

400

1000

15000

-

1874-S

50

75

250

475

775

2000

25000

-

500

750

1000

1250

1500

2500

9500

32000

1875

30

50

75

125

200

450

4750

18000

75

200

675

1000

1750

3750

30000

-

1875-CC

65

125

250

400

600

1750

10000

-

1875-S

30

50

75

150

225

425

4500

25000

1850 1850-O 1851 1851-O 1852 1852-O 1853

40

55

125

300

575

1500

25000

1853-O

50

75

175

400

825

3000

50000

95000 -

1876

30

50

75

125

200

450

4500

16500

1854

40

60

80

175

325

675

8750

55000

1876-CC

70

125

225

325

525

1250

7000

32000

1876-S

30

50

75

150

225

475

4500

-

1877

30

50

75

125

200

425

4500

15000

1877-CC

50

95

150

275

525

1000

6250

32000

1877-S

20

35

75

150

225

500

4500

15000

1878

35

55

90

150

250

525

5000

-

1878-CC

1000

1750

3000

4000

6500

12000

72500

-

1878-S

35000

45000

65000

87500

92500

115000

300000

-

1879

400

475

550

725

750

950

4500

18000

1880

350

425

550

725

750

1000

4500

16500

1881

400

475

550

650

700

900

4500

18000

1882

450

525

700

900

925

1000

4750

16500

1883

375

525

675

800

850

1000

4500

22500

1884

475

600

650

775

825

1000

4500

20000

1885

500

625

675

800

825

975

5250

20000

1886

525

625

700

825

875

1000

4500

20000

1887

575

675

750

975

1000

1250

5000

18000

1888

400

475

600

750

775

925

4250

15500

1889

375

450

575

725

750

1000

4250

-

1890

375

475

550

700

800

1000

4500

22500

1891

50

100

150

200

300

600

4500

40000

1854-O

40

60

100

200

350

725

9250

55000

1855

40

55

85

200

350

700

12000

-

1855/4

80

150

300

500

600

2000

-

-

1855-O 1855-S 1856 1856-O

40

55

90

175

350

700

8750

50000

500

700

2250

4500

7250

25000

65000

150000

30

55

75

150

250

575

6500

-

30

55

85

175

275

575

7750

-

1856-S

65

150

525

1000

2000

5250

-

-

1857

30

55

75

150

225

525

5500

-

1857-O 1857-S 1858 1858-O 1858-S

40 75 25 35 45

60 150 50 60 75

100 500 80 90 175

250 1250 150 175 375

325 2000 225 225 500

1250 5500 550 550 1500

18000 50000 5750 9500 20000

-

1859

40

55

80

175

275

550

5500

30000

1859-O

30

55

85

150

250

550

7500

45000

1859-S 1860

40 35

75 55

150 85

300 175

400 300

1250 675

16000 7250

75000 60000

1860-O

30

50

100

200

275

575

5750

-

1860-S

40

70

125

250

375

1500

-

-

1861

25

50

75

175

250

550

5250

30000

1861-O

35

55

100

200

325

600

6250

-

1861-S

40

65

125

275

400

1250

14000

-

1862

50

70

150

250

425

700

7000

40000

1862-S

40

65

100

275

350

750

12500

-

1863

45

70

100

275

350

800

7000

30000

1863-S

40

60

100

225

300

725

18000

-

1864

45

75

300

400

575

1000

10000

45000

1864-S

45

100

225

400

625

1250

16000

85000

1865

50

80

200

375

525

1000

9000

35000

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1865-S

45

75

200

400

650

1500

95000

-

1858

1000

1250

2250

4750

8750

22000

40000

-

525

850

1500

2500

4000

8500

88000

200000

1859

725

825

1750

4000

7250

16000

30000

-

1866 (with motto)

30

55

100

250

300

675

7000

35000

1860

700

800

1750

3500

7000

12500

35000

-

1866-S (with motto)

35

55

100

250

375

775

12500

-

1861

675

800

2000

3500

7000

12500

35000

-

1867

40

75

175

300

350

900

10000

32500

1862

675

800

2000

3500

7000

12750

25000

-

1867-S

35

55

100

250

325

1250

14000

-

1863

675

775

1750

3500

7000

15000

25000

50000

1868

50

100

200

325

525

975

6750

-

1864

675

750

2000

3500

7000

14000

-

-

1868-S

35

55

100

225

300

650

10500

-

1865

675

750

2000

3500

7000

18000

35000

-

1869

30

50

75

175

275

575

8000

-

1866 (with motto)

650

725

1500

2250

4500

7500

14000

28000

1869-S

35

55

100

250

400

1250

6500

25000

1867

650

725

1500

2250

4500

8500

14500

-

1870

30

55

100

200

250

650

6750

22000

1868

650

725

1500

2250

4750

7000

14250

50000

1750

3500

7000

15000

30000

95000

-

-

1869

675

750

1500

2250

4250

5750

14000

28500

35

60

150

375

475

1000

20000

-

1870

650

725

1500

2000

4750

6250

22000

-

1866-S (without motto)

1870-CC 1870-S

42 coinagemag.com

1858-1891 SEATED LIBERTY HALF DOLLARS PROOFS


COINage_July18_Layout 1 23-05-2018 12:08 Page 43

1892-1915 BARBER HALF DOLLARS

PR61

PR63

PR64

PR65

PR66

PR67

PR68

G04

1871

650

725

1500

2250

4500

6250

12500

30000

VG10

VF20

XF40

AU50

MS60

MS65

MS67

1902

15

30

100

225

375

600

4000

25000

1872

675

750

1500

2250

4500

7000

-

1873 (closed 3)

650

725

1500

2250

4500

8000

15000

-

1902-O

20

50

150

375

450

875

9500

30000

-

1902-S

20

50

200

425

525

975

8750

1873 (with arrows)

1000

1250

2750

4250

12000

32500

28000

52500

-

1903

18

30

100

225

375

625

9000

1874

1000

1250

2500

4500

12000

28000

-

40000

-

1903-O

20

40

175

350

425

775

8000

42000

1875

575

675

1500

2000

4000

1876

575

700

1500

2000

4000

5750

14000

28000

1903-S

20

40

150

300

450

900

5750

25000

7500

15000

-

1904

15

30

100

225

375

600

5000

1877

575

700

1500

2250

-

4250

9000

-

-

1904-O

25

50

325

550

675

1500

14000

1878

575

675

1500

-

2000

3750

5500

14000

35000

1904-S

50

200

1250

3250

5250

12000

50000

160000

1879

600

700

1880

575

675

1500

2000

3750

5500

12500

38000

1905

25

50

200

300

425

675

6000

20000

1500

2250

3750

5500

25000

-

1905-O

30

75

250

425

500

900

4750

1881

575

25000

675

1500

2000

3750

5500

12000

-

1905-S

20

50

175

350

400

725

8500

1882

25000

575

700

1500

2250

3750

5500

12000

18000

1906

18

30

100

225

375

550

3250

18000

1883

575

675

1500

2000

3750

5500

12000

30000

1906-D

18

30

100

225

375

575

3500

28000

1884

575

675

1500

2000

3750

5500

12500

42500

1906-O

20

40

125

225

400

650

6250

30000

1885

575

700

1500

2000

3750

5500

15000

32500

1906-S

18

40

150

275

425

650

5250

20000

1886

575

675

1500

2000

4000

5500

14000

28000

1907

15

25

100

225

375

525

3250

-

1887

575

675

1500

2000

4000

5500

14500

-

1907-D

18

30

100

225

375

575

3250

20000

1888

575

675

1500

2000

3750

5500

12750

28000

1907-O

18

30

100

250

375

600

3250

25000

1889

575

700

1500

2000

3750

5500

14500

-

1907-S

30

50

225

650

925

1750

12250

32000

1890

575

675

1500

2000

4000

5500

12250

28000

1908

15

25

100

200

375

525

3500

18000

1891

575

675

1500

2000

3750

5500

12250

-

1908-D

18

30

100

225

375

550

3250

15000

1908-O

18

30

100

225

400

575

3250

18000

1908-S

30

50

175

425

525

1000

6000

18500

1909

15

30

100

200

375

525

3250

-

1909-O

20

50

200

450

700

1250

5250

25000

1909-S

18

30

125

300

450

750

4250

15000

1910

25

50

225

375

500

775

3750

-

1910-S

20

40

125

250

425

825

6500

20000

1911

15

25

100

200

375

525

3250

18000

1911-D

18

30

125

225

375

575

3250

18000

1911-S

20

40

125

250

425

725

5500

22500 -

1892-1915 BARBER HALF DOLLARS G04

VG10

VF20

XF40

AU50

MS60

MS65

MS67

1912

15

30

100

200

375

525

3500

30

50

125

225

375

525

3250

18500

1912-D

15

30

100

225

375

550

3250

-

300

450

625

725

775

1250

5500

28000

1912-S

18

30

125

300

400

725

4500

18000

5500

10000

14000

18000

20000

28000

100000

-

1913

75

125

500

850

1000

1500

5500

-

225

400

600

750

825

1250

5250

25000

1913-D

20

40

125

300

400

625

4500

-

25

50

150

275

375

575

4500

22000

1913-S

35

60

150

350

475

900

4500

40000

1893-O

35

100

250

400

475

700

8500

-

1914

150

325

625

950

1250

2250

9750

-

1893-S

175

300

775

1000

1500

2250

22500

-

1914-S

20

40

125

275

400

775

4500

-

1894

35

75

225

300

375

575

3750

38000

1915

100

175

400

675

900

1500

7000

-

1894-O

25

50

225

375

475

725

6500

40000

1915-D

18

30

100

200

375

525

3250

15000

1894-S

25

50

150

300

425

725

9250

35000

1915-S

20

30

125

225

400

575

3250

18000

1895

25

50

175

275

400

650

4000

25000

1895-O

30

75

225

350

500

800

7500

48000

1895-S

35

100

275

375

450

725

7750

48000

1896

25

50

175

325

425

700

5000

30000

1896-O

50

125

500

1250

1500

4000

25000

75000

1896-S

125

225

475

1000

1250

2250

10000

58000

25

50

125

250

400

575

3500

30000

1897-O

150

275

875

1250

1500

2500

9500

45000

1897-S

150

250

650

1000

1250

2500

8250

38000

1898

20

35

125

250

400

625

3750

58000

1898-O

40

125

500

750

900

1250

9000

50000

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1898-S

30

75

175

450

475

1250

12000

-

1892

600

675

1250

2000

3750

5250

8750

16000

1892-O 1892 (micro o) 1892-S 1893

1897

THE COINAGE PRICE GUIDE

PR60

1892

JULY 2018

1858-1891 SEATED LIBERTY HALF DOLLARS PROOFS

1892-1915 BARBER HALF DOLLARS PROOFS

1899

18

30

125

225

375

575

3750

32000

1893

600

675

1250

2000

3750

5250

8750

22500

1899-O

25

50

175

325

450

750

8000

32000

1894

600

675

1250

2000

3750

5250

9000

23000

1899-S

25

50

150

300

425

800

6250

18000

1895

600

675

1250

2000

3750

5250

9000

20000

1900

18

25

100

225

375

525

3750

28000

1896

600

675

1250

2000

3750

5250

9500

20000

1900-O

25

50

175

375

525

975

15000

-

1897

600

675

1250

2000

3750

5250

9500

18500

1900-S

20

35

125

225

375

700

8750

32500

1898

600

675

1250

2000

3750

5250

8750

18000

1901

15

30

100

225

375

600

4250

28000

1899

600

675

1250

2000

3750

5250

9000

20000

1901-O

25

50

250

525

725

1500

15000

-

1900

600

675

1250

2000

3750

5250

9000

18000

1901-S

40

125

450

1000

1500

2750

18000

42000

1901

600

675

1250

2000

3750

5000

8750

18000

43


THE COINAGE PRICE GUIDE

JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 44

1892-1915 BARBER HALF DOLLARS PROOFS

1916-1947 WALKING LIBERTY HALF DOLLARS

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

VG10

VF20

XF40

AU50

MS60

MS63

MS65

MS67

1902

600

675

1250

2000

3750

5000

8750

20000

1938-D

75

125

150

200

500

600

1500

-

1903

600

675

1250

2000

3500

5000

8750

16000

1939

15

20

25

30

40

75

175

-

1904

600

675

1250

2000

3500

5000

8750

20000

1939-D

15

20

25

30

40

75

175

-

1905

600

675

1250

2000

3500

5000

8750

20000

1939-S

15

20

25

50

150

200

350

-

1906

600

675

1250

2000

3500

5000

8750

20000

1940

-

15

18

20

40

50

175

-

1907

600

675

1250

2000

3500

5000

8750

20000

1940-S

-

15

18

20

40

75

350

-

1908

600

675

1250

2000

3500

5000

8750

16000

1941

-

15

18

20

40

50

150

-

1909

600

675

1250

2000

3500

5000

8750

16000

1941-D

-

15

18

20

40

70

150

-

1910

600

675

1250

2000

3500

5000

9250

20500

1941-S

-

-

15

25

80

150

900

-

1911

600

675

1250

2000

3750

5000

9500

18000

1942

-

15

18

20

35

50

150

-

1912

600

675

1250

2000

3750

5250

9500

20000

1942-D

-

15

18

20

35

75

250

-

1913

600

675

1250

2000

3750

5250

8750

16000

1942-S

-

15

18

20

35

75

450

-

1914

600

700

1250

2000

4250

6250

10000

22000

1943

-

15

18

20

35

50

150

-

1915

500

600

1250

2250

4500

6500

10000

22000

1943-D

-

15

18

20

40

70

225

-

1943-S

-

15

18

20

35

70

300

-

1944

-

15

18

20

35

50

150

-

1944-D

-

15

18

20

35

50

150

-

1944-S

-

15

18

20

35

70

450

-

1945

-

15

18

20

35

50

140

-

1945-D

-

15

18

20

35

50

140

-

1945-S

-

15

18

20

35

50

140

-

1946

-

15

18

20

35

50

140

-

1946-D

-

-

15

25

35

70

140

-

1946-S

-

15

18

20

35

70

140

-

1947

-

15

18

20

35

75

175

-

1947-D

-

15

18

20

35

50

150

-

1916-1947 WALKING LIBERTY HALF DOLLARS VG10

VF20

XF40

AU50

MS60

MS63

MS65

MS67

1916

75

150

250

300

400

625

2250

20000

1916-D

75

150

250

300

400

750

2500

17500

1916-S

175

500

700

875

1500

2500

7000

45000

1917

20

25

60

90

150

225

1250

18750

1917-D (obverse mint mark)

50

175

275

400

700

1500

8250

-

1917-D (reverse mint mark)

25

125

200

350

1000

2500

15000

55000

1917-S (obverse mint mark)

75

400

600

1000

2500

5000

22500

150000

1917-S (reverse mint mark)

20

40

85

200

575

2000

14500

45000

1918

20

60

175

275

575

1250

4000

-

1918-D

25

125

300

550

1500

3250

25000

-

1918-S

20

45

100

225

600

2000

18000

-

1919

50

300

600

925

1750

3750

8500

35000

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1919-D

50

400

1000

2000

6250

15000

150000

-

1936

1000

1750

2500

2750

3500

5000

15000

90000

1919-S

40

300

1000

1500

3000

9000

-

-

1937

425

450

650

775

950

1250

2000

18000

1920

20

30

100

150

400

700

4500

-

1938

400

425

525

650

825

1000

1500

12000

1920-D

35

225

400

750

2750

5250

15000

-

1939

350

375

475

600

750

825

1250

6750

1920-S

25

125

225

500

1000

3000

17750

-

1940

300

325

450

550

625

725

1000

4500

1921

175

750

1500

2750

4000

7000

17750

-

1941

250

300

425

475

625

700

1000

6500

1921-D

200

1000

2500

4000

5500

10500

40000

-

1942

250

300

425

500

625

700

1000

5250

1921-S

125

1000

2750

7000

10000

17250

100000

-

1923-S

25

100

500

800

1750

3500

-

-

1927-S

20

50

200

400

1250

2000

8500

-

1928-S

20

80

200

400

1250

2500

9750

-

1929-D

15

40

100

200

400

700

3250

-

1929-S

15

30

100

200

500

1000

3250

-

1933-S

15

25

80

250

600

1100

3750

-

1934

15

20

25

30

60

100

525

-

1934-D

15

20

30

80

175

225

1500

-

1934-S

15

20

30

80

300

800

3600

-

1935

15

20

25

30

50

75

325

-

1935-D

15

20

30

60

150

300

2250

-

1795

1935-S

15

20

30

100

250

400

2750

1936

15

20

25

30

60

75

250

1936-D

15

20

25

40

80

110

1936-S

15

20

25

50

150

1937

15

20

25

30

1937-D

15

20

30

1937-S

15

20

1938

15

20

44 coinagemag.com

1936-1942 WALKING LIBERTY HALF DOLLARS PROOFS

1795-1803 DRAPED BUST DOLLARS G04

VG10

VF20

XF40

AU50

AU55

MS63

MS65

2000

4000

6000

10000

15000

25000

150000

400000

-

1796 (small date, small letters) 2500

3000

6000

12000

15000

25000

-

-

-

1796 (large date, small letters) 2500

3000

6000

12000

15000

25000

-

-

575

-

1796 (small date, large letters) 2500

3000

6000

12000

15000

25000

-

-

225

1250

-

1797 (9x7, small letters)

1750

3000

10000

20000

35000

55000

-

-

50

75

250

-

1797 (9x7, large letters)

1750

2500

6000

12500

17500

30000

-

-

80

150

275

800

-

1797 (10x6)

1750

2500

6000

12500

17500

25000

275000

-

25

60

125

200

700

-

1798 (13 stars, small eagle)

1750

2500

6000

15000

35000

50000

-

-

25

40

80

150

450

-

1798 (15 stars, small eagle)

2000

3000

7500

15000

35000

50000

-

-


COINage_July18_Layout 1 23-05-2018 12:08 Page 45

1840-1873 SEATED LIBERTY DOLLARS G04

VG10

F15

VF20

XF40

AU50

MS60

MS63

1869

225

350

450

525

825

1250

2250

5250

-

1870

225

300

375

425

575

1000

2000

4500

-

-

1870-CC

675

1000

1750

2250

4000

7750

25000

40000

G04

VG10

VF20

XF40

AU50

AU55

MS63

MS65

1798 (lg eagle, knobbed 9)

1000

1250

3000

5000

8500

12500

-

-

1798 (lg eagle, knob 9, 10 arr)

1000

1250

3000

5000

8500

12500

-

1798 (lg eagle, point 9, arr)

1000

1250

3000

5000

8500

12500

1000

1250

3000

5000

8500

12500

-

-

1871

1799/8 (13 stars on back)

1000

1250

3000

4500

7500

12500

-

-

1871-CC

1799/8 (15 stars on back)

1872

1000

1250

3000

4500

7500

12500

-

-

1799 (odd date, 13 stars on back) 1000

1250

3000

5000

7500

10000

-

-

1799 (odd date, 15 stars on back) 1000

1250

3000

5000

7500

10000

-

-

250

300

375

425

575

1000

2000

4500

2500

3750

5500

7000

15000

25000

75000

175000

250

300

350

400

575

1000

2250

4750

1872-CC

1500

3500

4500

4750

8250

14500

27250

95000

1872-S

375

550

775

925

2000

3250

12000

35000

1873

325

375

400

425

575

1000

2250

4750

4750

8250

15000

18000

27250

40000

112000

175000

1000

1250

3000

5000

7500

10000

-

-

1800

875

1250

2500

4500

8250

12000

-

-

1800 (wide date)

875

1250

2500

4500

8250

12000

-

-

1800 AMERICAI (back)

875

1250

2500

4500

8250

12000

-

-

1800 AMERICAI (back, wide date)

875

1250

2500

4500

8250

12000

-

-

1800 (12 arrows)

875

1250

2500

4500

8250

12000

-

-

1800 (dotted date)

1000

1750

2800

4750

-

-

-

-

1801

875

1250

2500

4750

8250

15000

-

-

1802 (closed)

875

1250

2500

4750

7750

15000

-

-

1802 (wide)

925

1500

2750

4750

9500

15000

-

-

1802/1 (narrow date)

975

1500

2500

4750

8750

15000

-

-

PR60

PR61

PR62

PR63

PR64

PR65

PR66

PR67

1802/1 (wide date)

975

1500

2750

5500

10750

15000

-

-

1840

12000

13750

22000

30000

47500

75000

-

-

1803 (large 3)

975

1500

2750

4750

8750

12000

-

-

1841

-

-

-

70000

95000

175500

-

-

1803 (small 3)

975

1500

2750

4750

8750

12000

-

-

1842

18500

22500

30000

55000

65000

90000

-

-

1843

-

25000

32500

47500

65000

-

-

-

1844

-

-

-

-

90000

150000

200000

-

1845

14000

17500

30000

37500

47500

75000

135000

200000

1846

12500

15000

20000

30000

47500

150000

175000

-

1847

13750

18000

20000

25000

35000

65000

-

-

1848

13750

18000

22500

32000

42500

70000

115000

150000

1849

18500

22500

25000

40000

50000

90000

125000

175000

1850

13500

14500

20000

30000

35000

67500

80000

-

1851 restrike

22500

25000

28000

35000

48000

70000

140000

-

1840-1873 SEATED LIBERTY DOLLARS

1873-CC

1840-1873 SEATED LIBERTY DOLLARS PROOFS

G04

VG10

F15

VF20

XF40

AU50

MS60

MS63

1852

30000

32000

38000

42500

50000

80000

-

-

1840

300

375

425

450

725

1250

4250

8750

1852 restrike

28000

30000

35000

40000

55000

90000

-

-

1841

275

325

375

425

675

975

2500

5000

1853

25000

32500

40000

52500

70000

130000

-

-

1842

175

300

350

400

575

925

2250

5000

1854

12500

14000

16500

20000

25000

55000

65000

-

1843

175

300

350

400

575

925

2500

5000

1855

10000

12000

13000

18000

25000

50000

62500

-

1844

175

300

350

400

775

1500

4750

9500

1856

6250

7750

9000

12750

22000

40000

-

-

1845

275

350

400

425

775

1750

8750

17500

1857

5000

6750

7750

12250

17500

35000

52500

-

1846

250

325

375

425

625

1000

2500

5000

1858

10250

10500

12500

16000

25000

42500

52500

-

1846-O

250

325

400

425

775

1500

7000

14500

1859

2750

3000

3500

5000

7500

20000

37250

65000

1847

250

325

375

425

575

975

2750

5000

1860

2500

2750

3500

4750

7000

15500

32250

65000

1848

325

425

550

675

1000

1750

4500

9000

1861

2500

2750

3500

5250

7000

16500

35000

78000

1849

250

325

375

425

675

1000

2500

5000

1862

2500

2750

3250

4750

7250

16750

32500

65000

1850

425

625

850

1000

1750

2750

6750

13500

1863

2250

2500

3500

5000

7000

18000

32000

62500

1864

2500

3000

3750

5250

7500

18000

32750

57500

1865

2250

3000

3500

5000

7250

17250

27500

55000

1866

2250

2500

3000

4000

6750

15000

25750

48000

1867

2250

2500

3000

4000

6500

15000

28000

48000

1868

2250

2500

3250

4000

7000

15000

27500

45000

1869

2250

2750

3000

4000

6750

15500

28500

48000

1870

2000

2500

3000

4250

6500

15500

30000

50000

1871

2000

2500

3250

4250

6750

15000

26750

48250

1872

2250

2500

3250

4250

7000

14500

28000

50000

1873

2250

2500

3250

4250

7000

15000

30000

-

MS67

1850-O 1851 1852

300

400

550

725

1500

3250

13000

25000

4750

8500

12500

15000

20000

27250

40000

80000

4250

7000

10000

12500

17000

26750

40000

75000

1853

300

400

525

625

1000

1500

3250

6250

1854

975

2000

2500

2750

3750

5250

8750

17500

1855

975

1500

2000

2250

3750

4750

7250

14500

1856

375

475

600

725

1500

3250

4750

9500

1857

350

475

600

725

1500

2750

4250

8750

1859

275

375

475

500

725

1500

2750

7250

1859-O

250

300

375

425

575

925

2250

5000

1859-S

325

475

675

825

1750

3250

12250

27250

1860

225

350

450

500

625

925

2250

5000

1860-O

275

300

375

425

575

875

2000

3750

1861

650

925

1000

1250

1500

3750

4750

7250

1862

550

850

1000

1250

1500

4250

5250

7250

1863

725

850

1000

1250

1500

2000

3250

6750

1864

375

450

550

675

1000

1750

3250

8250

1865

350

425

550

625

1500

2250

3750

9500

1866

225

350

450

525

825

1250

2250

5250

1867

225

325

450

500

825

1250

2500

5750

1868

225

350

450

525

825

1250

2250

5250

THE COINAGE PRICE GUIDE

1798 (lg eagle, point 9, berries)

1799 (normal date)

JULY 2018

1795-1803 DRAPED BUST DOLLARS

1873-1878 TRADE DOLLARS VG10

VF20

XF40

AU50

MS60

MS63

MS65

1873

150

225

325

400

1000

3000

10000

-

1873-CC

375

800

1000

1500

5000

25000

-

-

45


THE COINAGE PRICE GUIDE

JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 46

1873-1878 TRADE DOLLARS

1878-1921 MORGAN DOLLARS

VG10

VF20

XF40

AU50

MS60

MS63

MS65

MS67

1873-S

150

200

250

400

1000

4000

22250

-

1881

1874

150

200

300

400

1000

2750

18000

-

1881-O

1874-CC

300

525

775

900

3250

7250

42000

-

1881-S

35

-

40

-

45

55

75

200

1874-S

150

200

300

375

1000

2750

20000

-

1881-CC

385

415

435

450

475

535

685

950

1875

375

475

850

1000

2500

6250

25000

70000

1882

35

-

40

-

45

55

80

625

1875-CC

325

500

650

875

2500

5250

40000

-

1882-O

35

-

40

-

45

55

80

1725

1875-S

150

200

300

350

1000

2500

12250

72500

1875-S/CC

375

600

1000

1750

4250

20000

75000

-

1876

150

200

300

350

1000

2500

12000

75000

1876-CC

400

625

800

1500

7500

25000

82500

-

1876-S

150

200

300

350

1000

2500

15000

-

1877

150

200

300

375

1000

2500

22250

-

1877-CC

400

675

1000

1250

3250

12000

85000

-

1877-S

150

200

275

375

1000

2500

14000

68000

1878 -CC

700

2000

4250

5750

18000

36250

150000

-

1878-S

150

200

275

375

1000

2500

15000

68000

1882-O/S

VF20

XF40

AU50

AU55

MS60

MS63

35

-

40

-

45

55

85

MS65 800

-

-

40

-

45

55

80

1550

675

750

850

900

950

1000

1750

-

1882-S

35

-

40

-

45

55

80

200

1882-CC

105

110

125

155

175

220

310

525

1883

35

-

-

40

45

50

75

275

1883-O

35

-

-

40

45

50

70

225

1883-S

35

40

55

100

130

715

2875

56000

1883-CC

105

108

125

130

155

220

265

625

35

-

-

40

45

50

85

375

1884-O

-

-

-

40

45

50

80

200

1884-S

35

40

50

300

300

9100

38000

265000

1884-CC

150

160

165

190

200

220

265

525

35

-

-

40

45

50

80

200

1885-O

-

-

40

-

45

50

70

200

1885-S

35

50

65

105

115

265

365

2000

1885-CC

1250

1884

1885

1873-1883 TRADE DOLLARS PROOFS

VG10

625

660

665

670

675

835

935

1886

30

-

35

40

45

50

70

175

1886-O

40

45

50

80

500

1000

3475

185000

1886-S

60

90

125

155

250

365

585

3500

1887

35

-

-

40

45

50

70

175

1887-O

35

-

40

45

60

70

250

2500

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1887-S

35

-

40

45

80

145

450

2500

1873

2000

2250

3750

5750

15000

35000

-

-

1888

35

-

-

40

45

50

70

250

1874

1750

2250

3500

4750

12500

25000

38000

-

1888-O

-

-

-

40

45

55

75

650

1875

1750

2250

3500

4750

12750

22500

38000

-

1888-S

130

205

210

350

450

575

975

3500

1876

1750

2250

3500

4750

12000

20000

-

-

1889

35

-

40

45

50

55

70

400

1877

1750

2250

3500

5250

12000

18500

32000

-

1889-O

35

-

40

45

125

200

600

8000

1878

2000

2250

3500

5000

12000

20000

30000

-

1889-S

55

70

85

120

225

285

500

2200

1879

2000

2250

3500

4750

10000

14000

28000

45000

1889-CC

715

1400

3400

7450

13000

26500

48250

350000

1880

2000

2250

3500

4750

10000

14000

28000

48000

1890

35

-

-

40

45

55

75

2750

1881

2000

2250

3500

4750

10000

14000

28000

48000

1890-O

35

-

40

55

60

80

115

2925

1882

2000

2250

3500

4750

10000

14000

32000

48000

1890-S

35

-

40

45

55

70

100

1400

1883

2000

2250

3500

4750

10000

14000

30000

48000

1890-CC

100

110

145

215

350

485

900

5800

1891

35

-

40

45

60

70

210

9400

1891-O

35

-

40

45

100

195

375

9650

1891-S

35

-

40

45

65

70

155

1975

1891-CC

100

110

145

210

300

425

775

5625

1892

45

50

55

95

150

325

550

5950

1892-O

35

-

40

75

150

325

450

8500

1892-S

40

145

335

1850

13000

46500

69000

215000

1892-CC

200

310

515

775

1100

1500

2200

9750

1893

240

250

300

435

550

800

1300

9600

1893-O

210

360

550

950

1500

3600

7250

200000

1893-S

3225

6175

9000

24000

50000

110000

215000

775000

1893-CC

275

715

1500

2725

3500

4975

7150

73000

1375

1675

1800

1975

2500

4125

5950

44500

1894-O

50

55

100

285

500

1150

4225

71000

1894-S

60

105

155

500

750

950

1275

7350

1895-O

360

475

565

1250

7500

16000

58000

160000

1895-S

28750

1878-1921 MORGAN DOLLARS VG10

VF20

XF40

AU50

AU55

MS60

MS63

MS65

1878 (8 feathers)

45

50

55

75

100

150

300

1800

1878 (7 feathers)

45

50

55

60

70

80

125

125

1878 (7/8 feathers)

45

50

55

80

100

125

300

3000

1878-S

25

30

40

45

50

60

80

400

1878-CC

100

125

150

175

225

300

500

1750

1879

25

30

40

45

50

60

80

800

1879-O

25

30

40

50

70

100

225

4000

1879-S

25

30

40

50

55

60

100

1879-S (reverse of 1878)

1894

550

950

1400

1975

3000

4425

6825

1896

-

40

-

45

50

55

75

275

400

1896-O

-

40

50

165

800

1800

9000

175000 19750

25

30

40

80

125

200

600

6000

1896-S

45

60

235

875

1000

1975

4050

1879-CC

160

300

800

2250

3000

4000

8000

-

1897

35

-

40

45

50

55

70

375

1879-CC/CC

160

300

600

2000

2500

4000

7500

-

1897-O

35

40

50

105

600

950

4800

72500

1880

25

30

35

40

45

55

75

800

1897-S

35

-

40

45

50

80

150

675

1880-O

25

30

35

40

45

75

450

31750

1898

35

-

40

-

45

55

75

275

1880-S

25

30

35

40

45

55

70

200

1898-O

35

-

40

-

45

50

70

200

1880-CC (80/79, flat breast)

650

725

825

875

925

975

1500

4000

1898-S

45

50

55

110

200

270

515

2700

1880-CC (8/7)

600

675

775

825

875

925

1000

2800

1899

175

200

225

250

275

300

325

1250

46 coinagemag.com


COINage_July18_Layout 1 23-05-2018 12:08 Page 47

JULY 2018

1878-1921 MORGAN DOLLARS VG10

VF20

XF40

AU50

AU55

MS60

MS63

1899-O

35

40

-

-

45

50

80

200

1899-S

45

50

60

155

250

450

535

2425

1900

35

-

40

-

45

55

75

200

1900-O

35

-

40

-

45

55

75

200

1900-O/CC

45

60

100

185

200

310

835

1825

1901 1901-O 1901-S

45 45 -

50 55 40

55 110 50

85 375 40 210

250 1000 45 350

350 2625 50 550

425 18000 80 885

525000 200 3400

-

40

-

45

55

65

135

535

1902-O

-

-

40

-

45

50

70

200

105

155

210

300

350

415

675

3225

-

50

55

60

65

70

100

350

1903-O

335

385

400

415

425

475

500

665

1903-S

100

215

400

1850

3000

4250

6775

12250

35

40

-

45

50

100

275

2925

1903

1904

VF20

XF40

AU50

MS60

MS63

MS64

MS65

1921

75

100

125

150

200

450

1000

2000

1922

-

-

-

30

60

110

125

150

1922-D

-

-

-

30

40

75

125

500

1922-S

-

30

30

40

60

100

200

2000

1923

-

-

30

75

-

100

125

150

1923-D

-

-

-

40

125

200

350

1000

1923-S

-

-

-

40

60

75

400

2500

1924

-

-

-

-

-

50

60

125

1924-S

-

-

30

40

250

500

1000

6000

1925

-

-

-

40

-

50

75

125

1925-S

-

30

40

50

150

300

500

13000

1900

1902

1902-S

1921-1935 PEACE DOLLARS VG10

1904-O

-

-

40

45

50

55

70

200

1926

-

30

-

40

50

100

125

500

1904-S

45

85

215

600

1000

1725

5025

12000

1926-D

-

-

-

40

125

250

400

1000

1921

30

35

40

-

45

50

65

200

1926-S

-

-

30

50

60

150

250

1000

1921-D

30

35

40

-

45

50

80

425

1927

-

-

-

50

100

200

500

2250

1921-S

30

35

40

-

45

50

1000

1750

1927-D

-

-

50

100

250

500

1500

4000 8500

1927-S

-

-

100

125

250

500

1250

225

-

-

250

400

600

1000

4500

1928-S

-

40

50

60

200

400

1000

15000

1934

-

-

-

60

75

200

400

750

1934-D

-

40

-

50

125

400

500

1250

1934-S

10000

1928

40

100

150

300

1250

6000

7000

1935

-

-

40

50

75

125

250

750

1935-S

-

40

50

100

250

400

600

1250

THE COINAGE PRICE GUIDE

1900-S

MS65

1878-1904 MORGAN DOLLARS PROOFS PR60

PR61

PR62

PR63

1878 (8 feathers)

2500

2750

3000

3250

1878 (7 feathers)

2500

2750

3000

3250

1879

2000

2250

2500

2750

1880

2000

2250

2500

2750

1881

2000

2250

2500

2750

1882

2000

2250

2500

2750

1883

2000

2250

2500

2750

1884

2000

2250

2500

1885

2000

2250

2500

1886

2000

2250

2500

2750

1887

3000

3250

3500

3750

1888

2000

2250

2500

2750

1889

2000

2250

2500

2750

1890

2000

2250

2500

2750

1891

2000

2250

2500

2750

1892

2000

2250

2500

2750

1893

2000

2250

2500

2750

PR61

PR62

PR63

PR64

PR65

1921 (satin)

45000

50000

55000

60000

65000

70000

2750

1921 (matte)

45000

50000

55000

60000

65000

70000

2750

1922 (matte)

95000

100000

105000

110000

115000

120000

1894

2500

2750

3000

3250

1895

35000

40000

45000

50000

1896

2000

2250

2500

1921-1922 PEACE DOLLARS PROOFS PR60

2750

1854-1889 INDIAN HEAD GOLD DOLLARS G04

VG10

F15

VF20

XF40

AU50

MS60

MS63

1854

200

275

325

350

500

600

2000

7500

1855

200

275

325

350

500

600

2000

7500

1855-C

700

1000

1500

1750

3750

8250

25000

110000

1855-D

2500

4000

5000

5500

12000

20000

50000

90000

1855-O

400

475

525

550

950

1500

8000

25000

1897

2000

2250

2500

2750

1898

2000

2250

2500

2750

1899

2000

2250

2500

2750

1856-S

400

700

900

925

1500

2250

7500

30000

1900

2000

2250

2500

2750

1856 (upright 5)

175

225

250

275

300

375

725

2250

1901

2250

2500

2750

3000

1856 (slanted 5)

175

200

225

250

275

300

550

1000

1902

2000

2250

2500

2750

1856-D

2000

2750

3250

3500

5500

7750

25000

80000

1903

2000

2250

2500

2750

1857

175

200

225

250

275

300

550

1000

1904

2000

2250

2500

2750

1857-C

500

800

1000

1250

1500

2750

12000

30000

47


THE COINAGE PRICE GUIDE

JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 48

1854-1889 INDIAN HEAD GOLD DOLLARS G04

VG10

F15

VF20

XF40

AU50

MS60

MS63

1857-D

500

800

1000

1500

2250

3500

10000

25000

1857-S

300

375

425

450

725

1250

5750

18000

1858

175

200

225

250

275

300

550

975

1858-D

500

800

1000

1500

2250

3500

8500

18000

1858-S

225

300

350

375

650

1250

5750

15000

1859

175

200

225

250

275

300

550

1000

G04

VG10

F15

VF20

XF40

AU50

AU55

MS60

1859-C

500

800

1000

1250

2000

3250

12000

30000

1821

2000

5000

7500

8500

12750

15000

20000

30000

1859-D

500

800

1250

1500

2250

3250

8000

18000

1824/1

2000

5000

7500

8500

12750

15000

20000

30000

1859-S

150

225

275

300

550

1250

5250

15000

1826/5

5000

8000

10500

11500

15000

25000

45000

65000

1860

175

200

225

250

275

300

550

1250

1827

2000

5000

7500

8500

12750

15000

20000

30000

1860-D

900

2000

2500

2750

4000

7250

18000

45000

1829

1000

4000

6500

7250

8750

12000

15000

20000

1860-S

200

275

325

350

475

750

2250

5500

1830

1000

4000

6500

7250

8750

12000

15000

20000

1861

175

200

225

250

275

300

550

975

1831

1000

4000

6500

7250

8750

12000

15000

20000

8000

12000

18000

20000

30000

40000

60000

100000

1832

1000

4000

6500

7250

8750

12000

15000

20000

1862

175

200

225

250

275

300

550

975

1834

3000

6000

12000

14000

18000

30000

50000

70000

1863

500

800

1000

1250

2000

3250

5500

9250

1864

325

400

450

475

825

1250

1750

3750

1865

250

400

500

550

875

1000

2000

3750

1866

175

250

300

400

475

725

1250

2000

1867

200

275

400

450

500

675

1250

2000

1868

125

200

250

275

425

500

975

2000

1869

200

275

325

350

450

675

1000

2250

1870

175

250

300

325

450

650

975

2000

1870-S

275

350

400

475

800

1250

2750

6500

1871

175

250

300

325

450

550

875

1750

1861-D

1872

175

250

300

325

450

550

975

2250

1873 (closed 3)

275

350

400

425

725

1000

1500

4250

1873 (open 3)

175

200

225

250

275

300

500

825

1874

175

200

225

250

275

300

500

825

1875

800

2000

2500

2750

4250

5250

8000

12000

1876

175

250

300

325

375

475

725

1250

1877

175

250

300

325

375

475

725

1250

1878

175

250

300

325

375

475

725

1250

1879

150

200

225

250

400

425

700

1250

1880

150

200

225

250

400

425

850

1500

1881

150

200

225

250

400

425

600

900

1882

150

200

225

250

400

425

600

1883

150

200

225

250

400

425

1884

150

200

225

250

400

1885

150

200

225

250

1887

150

200

225

1888

150

200

1889

150

200

1796 (no stars on obverse)

20000

VG10 35000

VG10

F15

VF20

XF40

AU50

MS60

MS63

15000

20000

22250

30000

40000

65000

170000

8000

12000

18000

20000

30000

50000

85000

165000

15000

20000

25000

40000

60000

100000

215000

1797 (small eagle, 15 stars) 15000

22250

32500

40000

60000

90000

240000

-

1797 (small eagle, 16 stars) 10000

18000

30000

40000

50000

75000

215000

-

1797/5 (heraldic eagle)

8000

12000

20000

25000

45000

70000

185000

-

1798 (small 8)

1000

4000

6000

7000

12000

18000

35000

75000

1798 (lg 8, 13 stars on back) 2000

3750

5000

5500

8500

15000

50000

-

1798 (lg 8, 14 stars on back) 2000

3750

5000

6500

12000

25000

110000

-

1799

2000

3500

4500

5250

7250

12000

25000

60000

1800

2000

3500

4500

5250

6500

8000

15000

30000

1802/1

2000

3500

4500

5250

6500

8000

15000

30000

950

1803/2

2000

3500

4500

5250

6500

8000

15000

30000

525

900

1804 (small 8)

2000

3500

4500

5250

6500

8000

18000

30000

425

550

900

1804 (large 8)

2000

3500

4500

5250

6500

8000

18000

30000

400

425

525

900

1805

2000

3500

4500

5250

6500

8000

15000

30000

250

400

425

525

800

1806 (pointed 6)

2000

3500

4500

5250

6500

8000

15000

30000

225

250

400

425

525

700

1806 (rounded 6)

2000

3500

4500

5250

6500

8000

15000

30000

225

250

400

425

525

675

1807

2000

3500

4500

5250

6500

8000

15000

30000

F15 50000

VF20 60000

XF40 85000

AU50 110000

AU55 150000

MS60 225000

25000

40000

45000

65000

90000

125000

180000

15000

20000

25000

40000

70000

100000

145000 65000

3500

6500

8750

9750

15000

30000

45000

1804 (13 stars on reverse)

15000

50000

100000

140000

180000

275000

-

-

1804 (14 stars on reverse)

3000

4500

7500

8500

12500

15000

20000

30000

1805

3000

4500

7500

8500

12500

15000

20000

30000

1806/4

3000

4500

7500

8500

12500

15000

20000

30000

1806/5

7000

10000

13500

15000

18000

40000

60000

90000

1807

3000

4500

7500

8500

12500

15000

20000

30000

1808

3000

4500

7500

8500

12500

15000

20000

30000

48 coinagemag.com

G04 9000

9000

1797 1798

1795 (small eagle)

1796/5

1796 (with stars on obverse) 15000 9000

1795-1812 CAPPED BUST HALF EAGLES GOLD

1795 (heraldic eagle)

1796-1808 CAPPED BUST QUARTER EAGLES GOLD G04

1821-1834 CAPPED HEAD QUARTER EAGLES GOLD

1807 (bust to left)

1750

2500

3500

4250

5250

8250

12750

25000

1808

1750

2500

3500

4250

5250

8250

12750

25000

1808/7

1750

2500

4000

5000

6000

8500

15000

30000

1809/8

1750

2500

3500

4250

5250

8250

12750

25000

1810 (small date, small 5)

9000

15000

30000

40000

50000

80000

170000

-

1810 (small date, large 5)

1750

2500

3500

4250

5250

8250

15000

25000

1810 (large date, small 5)

15000

25000

35000

40000

70000

85000

165000

-

1810 (large date, large 5)

1750

2500

3500

4250

5250

8250

12750

25000

1811 (small 5)

1750

2500

3500

4250

5250

8250

12750

25000

1811 (large 5)

1750

2500

3500

4250

5250

8250

12750

25000

1812

1750

2500

3500

4250

5250

8250

12750

25000

1813-1834 CAPPED HEAD HALF EAGLES GOLD 1813

G04

VG10

VF20

XF40

AU50

AU55

MS60

MS63

1000

4000

5500

6750

9000

10000

12000

20000


COINage_July18_Layout 1 23-05-2018 12:08 Page 49

1907-1933 INDIAN HEAD EAGLES GOLD VG10

F15

VF20

XF40

AU50

MS60

MS63

1907 (no periods)

800

875

925

950

975

1000

1250

3750

1908 (no motto)

800

875

925

950

975

1000

1250

5000

50000

1908-D (no motto)

800

875

925

950

975

1000

1500

8000

20000

45000

1908 (with motto)

775

800

825

850

875

900

1000

1500

15000

25000

50000

1908-D (with motto)

775

800

900

925

950

1000

1250

7500

75000

90000

-

1908-S (with motto)

750

850

900

1000

1250

1500

4000

12750

VG10

VF20

XF40

AU50

AU55

MS60

MS63

1000

4000

6000

7250

9500

15000

20000

50000

1815

20000

75000

120000

165000

185000

275000

370000

540000

1818

1000

4000

6000

7250

10000

15000

20000

1818 STATESOF (one word)

1000

4000

6000

7250

10000

15000

1818 (5D over 50)

1000

4000

6000

7250

10500

1819

9000

15000

30000

45000

60000

18000

25000

32500

45000

60000

75000

90000

140000

1909

750

825

875

900

950

1000

1250

4000

1820 (curved base, sm letters)

1000

4000

6750

10500

12750

15000

18000

40000

1909-D

775

850

900

950

1000

1250

1500

6500

1820 (curved base, lg letters)

1000

4000

6500

8000

10000

15000

20000

40000

1909-S

750

825

875

900

950

1000

2000

7500

1820 (square base, lg letters)

1000

4000

6500

7750

9000

12000

18000

30000

1910

750

825

875

900

950

975

1000

1500

1821

8000

12000

30000

50000

60000

100000

145000

215000

1910-D

750

825

875

900

950

975

1000

1500

1910-S

800

825

875

900

950

1000

1500

10000

1819 (5D over 50)

1823

4000

7000

9250

14500

15000

20000

25000

50000

1824

8000

12000

20000

30000

40000

50000

70000

125000

1911

750

825

875

900

950

975

1000

1500

1825/1

8000

12000

20000

30000

40000

50000

70000

125000

1911-D

900

950

1000

1250

2000

2500

10000

40000 12750

1826

5000

8000

14000

18000

25000

30000

40000

70000

1911-S

800

850

900

950

1000

1250

3000

1827

10000

16000

20000

30000

35000

45000

60000

90000

1912

750

825

875

900

950

975

1000

1500

1828/7

15000

30000

60000

100000

125000

175000

250000

430000

1912-S

750

825

875

900

1000

1250

2000

10000

9000

15000

30000

70000

90000

125000

180000

335000

1913

750

825

875

900

950

975

1000

1500

460000

1913-S

800

850

900

1000

1250

1500

7500

35000

1914

750

825

875

900

950

975

1000

2500

1914-D

750

825

875

900

950

975

1000

2500

1914-S

800

900

950

1000

1100

1250

2000

8500

1915

750

825

875

900

950

975

1000

2000

1915-S

850

900

950

1000

1250

1500

5000

20000

1829 (large date) 1829 (small date)

15000

30000

70000

140000

165000

200000

275000

1830 (small 5D)

9000

15000

25000

35000

40000

50000

60000

90000

1830 (large 5D)

9000

15000

25000

35000

40000

50000

60000

90000

1831 (small 5D) 1831 (large 5D) 1832 1833 (large date)

9000

15000

25000

35000

40000

50000

60000

90000

9000

15000

25000

35000

40000

50000

60000

90000

160000

220000

275000

375000

525000

-

-

-

9000

15000

25000

35000

40000

50000

60000

90000

1833 (small date)

9000

15000

25000

35000

40000

60000

90000

145000

1834 (plain 4)

9000

15000

25000

35000

40000

50000

60000

90000

1834 (crosslet 4)

10000

18000

27500

37500

45000

65000

90000

120000

1916-S

800

825

850

900

1000

1250

2000

8000

1920-S

6000

9000

12000

15000

20000

30000

85000

125000

1926 1930-S

750

825

875

900

950

975

1000

1500

6000

9000

10000

12500

15000

25000

40000

50000

1932

750

825

875

900

950

975

1000

1500

1933

25000

40000

50000

60000

100000

150000

200000

325000

THE COINAGE PRICE GUIDE

G04

G04 1814/3

JULY 2018

1813-1834 CAPPED HEAD HALF EAGLES GOLD

1795-1804 CAPPED BUST EAGLES GOLD G04

VG10

VF20

XF40

AU50

AU55

MS60

MS63

1795 (13 leaves below eagle) 20000

25000

35000

50000

60000

80000

100000

325000

150000

175000

300000

-

1908-1915 INDIAN HEAD EAGLES GOLD PROOFS

1795 (9 leaves below eagle)

-

-

-

75000

1796

-

-

40000

55000

60000

80000

125000

500000

1797 (small eagle)

-

-

50000

75000

125000

150000

250000

600000

1908

1797 (heraldic eagle)

-

-

15000

25000

32500

40000

60000

200000

1798 (9 stars left, 4 stars right)

-

15000

25000

42500

50000

85000

150000

425000

PR60

PR61

PR62

PR63

8000

10000

12000

15000

1909

8000

10000

12000

15000

1910

10000

12000

15000

18000

8000

10000

12000

15000

1798 (7 stars left, 6 stars right)

-

-

45000

100000

175000

225000

400000

-

1911

1799 (small stars obverse)

-

7500

12500

17500

20000

22500

30000

75000

1912

8000

10000

12000

15000

1799 (large stars obverse)

-

7500

12500

17500

20000

22500

30000

75000

1913

8000

10000

12000

15000

1800

-

7500

12500

15000

20000

25000

32500

85000

1914

8000

10000

12000

15000

1915

10000

12000

15000

18000

1801

-

7500

12500

17500

20000

22500

32500

65000

1803 (small stars reverse)

-

7500

12500

17500

20000

22500

30000

75000

1803 (large stars reverse)

-

7500

12500

17500

20000

25000

32500

75000

1804

-

-

30000

45000

50000

75000

100000

250000

1907-1932 SAINT GAUDENS DOUBLE EAGLES GOLD 1907-1933 INDIAN HEAD EAGLES GOLD

VF20

XF40

AU50

MS60

MS63

MS65

MS67

MS68

1907 (high relief)

9250

11250

12500

17500

25000

62500

18000

38500

G04

VG10

F15

VF20

XF40

AU50

MS60

MS63

1907 (roman #'s, wire rim)

9500

10000

12000

15000

20000

-

-

-

1907 (wire edge, w/ periods) 8000

12000

15000

18000

20000

25000

32500

50000

1907 (roman #'s, flat rim)

9500

10000

12000

15000

20000

-

-

-

1907 (rolled edge, w/ periods)20000

35000

45000

50000

55000

60000

100000

125000

-

-

-

-

2000

-

-

-

1907 (arabic #'s)

49


JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 50

1907-1932 SAINT GAUDENS DOUBLE EAGLES GOLD XF40

AU50

MS60

MS63

MS65

MS67

MS68

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1908 (no motto)

-

1650

1700

1750

2000

2500

15000

30000

1911

15000

16000

32000

48000

100000

118000

190000

260000

1908-D (no motto)

-

1650

1700

1750

2000

10500

-

-

1912

15000

16000

32000

48000

98000

148000

265000

-

1908 (with motto)

-

1650

1700

1750

2500

17000

100000

-

1913

15500

18500

35000

50000

100000

150000

265000

-

1908-D (with motto)

-

1650

1700

1750

2250

6000

110000

-

1914

15500

18500

35000

53000

110000

160000

265000

-

3000

3750

5500

12000

26250

55000

185000

-

1915

15500

20000

36500

57000

100000

160000

275000

-

-

1650

1700

1750

3000

45000

-

-

1909/8

1700

1875

1900

2500

5250

47250

-

-

1909-D

-

1650

1825

3250

7500

46000

300000

-

1909-S

-

1650

1700

1750

2250

6500

66000

-

1910

-

1650

1700

1750

2000

9500

-

-

1910-D

-

1650

1700

1750

2000

4000

82000

-

1910-S

-

1650

1700

1750

2000

9500

67500

175000

1911

-

1650

1700

1750

2500

22500

185000

-

1911-D

-

1650

1700

1750

2000

2750

58000

-

1908-S

THE COINAGE PRICE GUIDE

1908-1915 SAINT GAUDENS DOUBLE EAGLES GOLD PROOFS

VF20

1909

1911-S

-

1650

1700

1750

2000

5750

100000

-

1650

1700

1750

2500

28000

-

-

1913

-

1650

1700

1750

2750

55000

-

-

1913-S

-

-

1650

1750

2000

6500

PR67

PR68

PR69

PR70

1988-P

125

135

150

185

325

1989-P

125

135

150

185

325

1990-P

125

135

150

185

275

1991-P

125

135

150

185

275

1992-P

125

135

150

185

275

1993-P

125

135

150

185

250

1994-W

125

135

150

185

250

-

1912

1913-D

1988-2016 GOLD EAGLES $5 PROOFS PR66

-

-

1650

1750

2000

2250

5000

40000

-

-

1914

-

1650

1700

1750

3500

25000

-

-

1914-D

-

1650

1700

1750

2000

3500

42500

-

1914-S

-

1650

1700

1750

2000

2750

58000

-

1915

-

1650

1700

1750

2500

30000

-

-

1995-W

125

135

150

185

250

1915-S

-

1650

1700

1750

1875

3250

37500

-

1996-W

125

135

150

185

250

125

135

150

185

250

1916-S

-

1650

1700

1750

2000

3750

35000

-

1997-W

1920

-

1650

1700

1750

2250

85000

-

-

1998-W

125

135

150

185

300

1920-S

15000

22500

31000

52000

110000

300000

-

-

1999-W

125

135

150

185

250

1921

30000

45000

58000

115000

200000

690000

-

-

2000-W

125

135

150

185

250

1922

-

1650

1700

1750

2000

4750

-

-

2001-W

125

135

150

185

400

1750

2000

2250

2500

5250

50000

-

-

2002-W

125

135

150

185

250

1923

-

1650

1700

1750

1800

4750

-

-

2003-W

125

135

150

185

300

1923-D

-

1650

1700

1750

1875

2500

16000

-

2004-W

125

135

150

185

225

1924

-

1650

1700

1750

1850

2500

15000

95000

2005-W

125

135

150

185

225

1924-D

1750

2500

2750

5250

8750

92500

-

-

2006-W

125

135

150

185

225

1924-S

2250

2500

2750

4750

12500

215000

815000

-

2007-W

125

135

150

185

250

-

1650

1700

1750

1850

2500

35000

-

2008-W

125

135

150

185

300

1925-D

2500

3000

3750

5500

14000

110000

-

-

2010-W

125

135

150

185

250

1925-S

2750

3500

5000

10500

18000

175000

375000

650000

2011-W

125

135

150

185

250

-

1650

1700

1750

1850

2500

30000

-

2012-W

125

135

150

185

250

1926-D

8000

12000

14000

18000

25000

220000

-

-

2014-W

125

135

150

185

250

1926-S

-

2250

2500

3000

6000

30000

-

-

2015-W

125

135

150

185

250

1927

-

1650

1700

1750

1850

2500

20000

-

2016-W

-

-

-

175

200

1927-D

-

-

480000

650000

1550000 2000000 3250000

-

1927-S

7000

12000

15000

27500

48000

185000

360000

-

-

1650

1700

1750

1850

2500

15000

-

1922-S

1925

1926

1928 1929

7500

12000

16000

22500

40000

92000

-

-

1930-S

20000

32500

52500

75000

125000

220000

-

-

1931

12000

17000

22500

37500

78000

115000

375000

-

1931-D

15000

18000

24000

38000

82000

138000

-

-

1932

14000

17500

22000

30000

75000

110000

-

-

1908-1915 SAINT GAUDENS DOUBLE EAGLES GOLD PROOFS

1988-2016 GOLD EAGLES $10 QUARTER OUNCE PROOFS PR67

PR68

PR69

PR70

1988-P

300

325

475

650

1989-P

300

325

475

675

1990-P

300

325

475

700

1991-P

300

325

450

600

1992-P

300

325

475

700

1993-P

300

325

500

825

1994-W

300

325

475

650

1995-W

300

325

475

650

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1996-W

300

325

475

725

1908

15000

16000

32000

48000

95500

118000

200000

285000

1997-W

300

325

475

725

1909

15000

18500

35000

58000

110000

135000

235000

285000

1998-W

300

325

450

650

1910

15000

18500

35000

56000

105000

128000

225000

280000

1999-W

300

325

500

750

50 coinagemag.com


COINage_July18_Layout 1 23-05-2018 12:08 Page 51

JULY 2018

1988-2016 GOLD EAGLES $10 QUARTER OUNCE PROOFS PR68

PR69

PR70

300

325

500

725

2001-W

300

325

500

775

2002-W

300

325

450

750

2003-W

300

325

425

600

2004-W

300

325

475

625

2005-W

300

325

475

625

1986-2016 GOLD EAGLES $50 ONE OUNCE PROOFS PR68

PR69

PR70

1986-W

1500

1650

2250

1987-W

1500

1650

2400

1988-W

1500

1650

2400

1989-W

1500

1650

2450

2006-W

300

325

450

550

2007-W

300

325

450

550

2008-W

300

325

475

675

2010-W

300

325

475

575

1990-W

1500

1650

2500

2011-W

300

325

450

600

1991-W

1500

1750

3500

2012

300

325

450

575

1992-W

1500

1650

3000

2013

300

325

450

600

1993-W

1500

1800

4100

2014

300

325

450

575

1994-W

1500

1750

2500

2015

300

325

400

500

1995-W

1500

1650

2500

2016

-

-

375

400

1996-W

1500

1750

3000

1997-W

1500

1700

2500

1998-W

1500

1700

4000

1999-W

1500

1800

3500

2000-W

1500

1750

2500

2001-W

1500

1750

3600

2002-W

1500

1750

2500

2003-W

1500

1750

2400

2004-W

1500

1750

2400

2005-W

1500

1650

2000

2006-W

1700

1750

2000

PR70

2006-W (rev)

2500

2750

4000

1500

2007-W

1500

1650

2000

2008-W

1600

1750

2250

2010-W

1500

1650

2100

2011-W

1500

1650

2300

2012-W

1500

1650

2000

2013-W

1500

1650

2000

2014-W

1500

1650

2000

1987-2016 GOLD EAGLES $25 HALF OUNCE PROOFS PR66 1987-P 1988-P 1989-P

575 575 575

PR67 625 625 625

PR68 700 700 1000

PR69 950 975 1250

1500 4750

1990-P

575

625

1000

1250

5500

1991-P

575

625

700

950

1500

1992-P

575

625

700

975

1500

1993-P

575

625

750

1000

1500

2015-W

1500

1650

1750

1994-W

575

625

700

950

1500

2016-W

-

1250

1500

1995-W

575

625

700

950

1250

THE COINAGE PRICE GUIDE

PR67 2000-W

1986-2016 GOLD EAGLES $25 HALF OUNCE PROOFS PR66

PR67

PR68

PR69

PR70

1996-W

575

625

700

875

1000

1997-W

575

625

700

900

1500

1998-W

575

625

700

875

1250

1999-W

575

625

700

875

2250

2000-W

575

625

700

900

1000

2001-W

575

625

700

875

1000

2002-W

575

625

700

875

1000

2003-W

575

625

700

875

2004-W

575

625

700

2005-W

575

625

2006-W

575

625

2007-W 2008-W

575 575

625 625

1986-2015 SILVER EAGLES MS66

MS67

MS68

MS69

MS70

1986

25

30

35

90

1300

1000

1987

25

30

35

65

1600

875

1000

1988

25

30

35

75

2500

700

875

1000

1989

25

30

35

75

1500

700

875

1000

1990

25

30

35

80

5750

1991

25

30

35

60

6000

1992

25

30

35

80

1900

1993

-

30

35

60

5500

1994

35

40

45

100

6000

1995

30

35

40

100

1250

1996

35

40

65

150

12250 1250

700 700

875 875

1000 1250

2010-W

575

625

700

875

1000

2011-W

575

625

700

875

1000

2012-W

575

625

700

875

1000

2013-W

575

625

700

875

1000

1997

30

35

35

85

2014-W

575

625

700

950

1000

1998

30

35

35

70

1900

2015-W

575

600

650

750

900

1999

-

30

35

60

26000

2016-W

-

-

-

725

750

2000

-

30

35

55

8000

51


THE COINAGE PRICE GUIDE

JULY 2018

COINage_July18_Layout 1 23-05-2018 12:08 Page 52

1986-2015 SILVER EAGLES MS66

MS67

MS68

MS69

MS70

2001

-

30

35

55

1400

2002

-

30

35

50

325

2003

-

30

35

50

275

2004

-

30

35

50

275

2005

-

30

35

50

300

2006 2006-W (burnished) 2007 2007-W (burnished) 2008

-

30

30

35

35

-

40

30

30

50 65

35

35

45

40

50

1997-2008 PLATINUM EAGLES $10 MS68

MS69

MS70

1997

150

200

1250

1998

150

200

2500

1999

150

200

1500

2000

150

200

750

2001

150

200

400

2002

-

150

400

2003

150

200

575

2004

150

200

400

125 250 125 85

-

30

35

50

90

375

400

425

500

1250

-

35

40

50

100

2009

25

30

35

45

85

2010

25

30

35

45

80

2005

150

200

275

2011

25

30

35

45

80

2006

150

200

275

2012

30

35

40

50

75

2006-W (burnished)

150

350

550

2013

30

35

40

45

75

2007

150

200

275

2014

-

-

40

50

75

2007-W (burnished)

150

225

375

2015

-

-

40

50

75

2008

150

225

375

2008-W (burnished)

250

325

450

2008-W (reverse of 2007) 2008-W (burnished)

1997-2008 PLATINUM EAGLES $10 PROOFS

1986-2015 SILVER EAGLES PROOFS

PR68

PR69

PR70

1997-W

175

225

500

1998-W

175

225

550

1999-W

175

225

350

650

2000-W

175

225

325

75

400

2001-W

175

225

400

40

75

300

2002-W

175

225

325

35

40

80

550

2003-W

175

225

375

30

35

40

75

450

2004-W

350

400

625

1993-P

60

70

75

90

2500

2005-W

175

225

550

1994-P

70

75

80

175

2250

2006-W

175

225

300

1995-P

65

70

75

100

425

2007-W

200

225

325

1995-W

-

4000

4250

5500

35000

2008-W

250

300

525

1996-P

30

35

40

75

425

1997-P

50

60

65

100

500

1998-P

30

35

40

70

250

1999-P

30

35

40

80

425

2000-P

30

35

40

75

425

2001-W

30

35

40

70

175

2002-W

30

35

40

70

150

2003-W

30

35

40

70

100

2004-W

30

35

40

75

100

PR65

PR67

PR68

PR69

PR70

1986-S

30

35

40

75

450

1987-S

30

35

40

75

1000

1988-S

30

35

40

75

1989-S

30

35

40

1990-S

30

35

1991-S

30

1992-S

2005-W

30

35

40

70

100

1997-2008 PLATINUM EAGLES $25 MS68

MS69

MS70

1997

375

550

2500

1998

375

425

2000

1999

375

500

5500

2000

375

425

1000

2001

375

425

2250

2002

375

425

650

2006-W

-

35

40

65

100

2007-W

30

35

40

65

100

2008-W

30

35

40

75

100

2010-W

30

35

40

70

100

2011-W

30

35

40

75

100

2003

375

425

600

2012

30

40

45

70

100

2004

375

425

525

2013

30

35

40

70

100

2005

375

425

550

2014

30

35

40

70

100

2006

375

425

550

2015

30

35

40

70

100

2006-W (burnished)

475

625

950

52 coinagemag.com


COINage_July18_Layout 1 23-05-2018 12:08 Page 53

JULY 2018

1997-2008 PLATINUM EAGLES $25

1997-2008 PLATINUM EAGLES $50 PROOFS

MS69

MS70

PR68

PR69

PR70

2007

375

425

525

2001-W

750

950

1250

2007-W (burnished)

375

450

625

2002-W

800

900

1000

2008

375

425

525

2003-W

800

875

1000

2008-W (burnished)

475

575

1000

2004-W

1000

1250

1500

2005-W

-

1000

1250

2006-W

700

800

1000

2007-W

700

800

1000

2008-W

1000

1250

2000

THE COINAGE PRICE GUIDE

MS68

1997-2008 PLATINUM EAGLES $25 PROOFS PR67

PR68

PR69

PR70

1997-W

-

375

450

575

1998-W

-

375

500

600

1999-W

-

375

500

525

1997-2015 PLATINUM EAGLES $100

2000-W

-

375

475

525

MS68

MS69

MS70

2001-W

-

375

500

575

1997

1500

2000

10500

2002-W

-

375

450

525

1998

1500

1750

-

2003-W

-

375

475

575

1999

1500

2000

-

2004-W

575

600

750

1000

2000

1250

1500

-

2005-W

-

375

500

675

2001

1250

1750

-

2006-W

-

375

500

550

2002

1250

1750

7500

2007-W

-

375

475

525

2003

1250

1750

5500

2008-W

-

500

600

1000

2004

1250

1750

2750

2005

1250

1750

2750

2006

1250

1500

2250

-

1500

2500

1250

1500

2250

-

1500

2500

2008

1250

1500

2250

2008-W (burnished)

1250

1500

2500

2014-W

1250

1500

2500

2015-W

-

1250

1500

2006-W (burnished) 2007 2007-W (burnished)

1997-2008 PLATINUM EAGLES $50 MS67

MS68

MS69

MS70

1997

750

800

1000

4500

1998

700

725

950

12000

1999

700

750

1000

-

2000

-

700

925

-

2001

700

725

875

-

2002

-

700

850

1500

2003

-

700

800

1250

2004

-

725

800

1250

2005

-

725

800

1000

PR68

PR69

PR70

2006

-

700

775

1000

1997-W

-

1500

4000

2006-W (burnished)

-

775

850

1250

1998-W

1500

1750

2500

2007

-

725

775

1000

1999-W

1500

1750

2750

2007-W (burnished)

-

825

975

1250

2000-W

1500

1750

2500

2008

-

700

775

1000

2001-W

1500

1750

3500

2008-W (burnished)

-

1250

1500

2000

2002-W

1500

1750

2500

2003-W

1500

1750

3500

2004-W

2000

2250

3500

2005-W

2000

2500

3250

2006-W

1500

1750

2500

2007-W

1500

1750

2250

2008-W

-

2000

2750

2009-W

2000

2250

2500

2010-W

1500

1750

2000

1997-2008 PLATINUM EAGLES $50 PROOFS

1997-2015 PLATINUM EAGLES $100 PROOFS

PR68

PR69

PR70

2011-W

1500

1750

2000

1997-W

700

900

1250

2012-W

1500

1750

2250

1998-W

700

900

1000

2013-W

1500

1750

2500

1999-W

700

900

1000

2014-W

-

1500

2250

2000-W

825

900

1000

2015-W

-

1750

2000

53


The Copper and Silver Market Basket of

Rare Coins 54 coinagemag.com

COINage


Gold Bullion Handily Outperforms the Market Basket

“N

by David L. Ganz

ot every purchase of coins is an investment; not every acquisition of a collection constitutes an investment; not every collection or investment in coins constitutes a rarity.” So for years has said Harvey G. Stack, a prominent coin dealer and co-founder of Stack’s-Bowers Galleries. A dealer for more than 60 years and as a licensed auctioneer and an industry leader who has made a living buying and selling great numismatic rarities as well as regular numismatic items during much of that time, Harvey Stack has sold just about every American coin rarity – and that was in a single collection that was formed at the request of Louis Eliasberg. Mr. Eliasberg was the first person to succeed in assembling every coin date and type listed in A Guidebook of United States Coins, by R. S. Yeoman (commonly known as the “Red Book.”) The Red Book methodically lists coins by date, mintmark, and type. Just what constitutes a rare coin has been the subject of considerable discussion. And while there is no general agreement on what constitutes a rare coin, it is possible to list some specific coin rarities that are uniformly agreed to be rare. In addition, there are other coins that are collectible as investments that are widely acquired with that in mind. For example, an 1804 silver dollar, of which there are fewer than two-dozen pieces known, is uniformly agreed to be a rare coin. By the same token, another coin, the 1881-S Morgan silver dollar, is not scarce in the sense that it is available but not prohibitively rare though unavailable to most collectors. Depending on condition, the 1881-S Morgan dollar is valued at between approximately $19 and $4,000, in grades between Very Good (VG-4) and Mint State (MS-68). One reason: The Mint made 12 million of them. It is possible that a coin graded better than MS-68 on the widely used Sheldon 1-70 grading scale could be valued even higher, yet the typical coin in uncirculated, MS-63 condition is valued at about $20 to $30. A numeric grading system is generally believed to be more accurate than a verbal description of the grade. The coins are generally described on a 1 (worst) to 70 (best) scale. The best coin possible may not exist except theoretically. The grading is usually done by visual comparison to a standard photo reference set or the actual coins that have been previously graded and maintained as a reference. Some grading sets are maintained by set by such grading services as the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS). Most collectors would consider the MS-63 a rare coin because the face value is $1, the silver bullion value is about $14, and the remainder of the selling price or, for that matter, the buying price is the “numismatic value,” which constitutes the “rarity” element. There are numerous ways to determine whether a coin is truly rare. One way is to use COINage magazine and its pricing guide as a method of segregating coin rarities from those coins that are simply marketing hype or not necessarily a “rarity.” Generally speaking, most gold and silver coins that have a value in excess of face value based on precious metal content may be deemed to have a “rare coin” component. This may be a small amount or a large amount which, again, will depend

July 2018

55


The Copper and Silver Market Basket of Rare Coins on condition and scarcity of a coin as well as its collectability. A coin or medal may be rare but not desirable because of surface marks. However, one of the worst condition coins that has ever sold at public auction was a 1794 large cent that was in Poor-1 condition. It was difficult to make out the design on the coin, the lettering, or very much more than a general impression of what it once had been. What made this coin so special and so valuable was that there were no coins of this particular type known to exist apart from the specimen offered at auction. The price realized was over $50,000. This shows that even a lowly copper cent can have a substantial numismatic value. These coins, because of their rarity, are typically acquired at public auction sale, but this is not always the case. In the early 1960s, the Coin and Currency Institute, New York, was offered from a homeless person in an over-the-counter transaction the right to purchase an 1894-S dime that was in Very Good-8 condition. The condition sounds better than the coin’s actual appearance. His coin was worn, used, and abused during its circulation life; but it turns out that the mintage on this particular coin totaled just 24 pieces. The coin was acquired for $2.40, which later sold at public auction for more than $10,000. The coin’s value at the time of acquisition, over the counter, was given a nominal value of $2.40 together with several other coins, none of which were valued at more than $10; the gross amount paid for the coins was about $50 (paid for by check). The dealer who acquired the coin had a problem: If he had made an offer of $2,000 or $5,000 for the coin, it would surely have been considered fair and reasonable. Yet the coin was a known rarity, well-researched and published as to source, condition, and, ultimately, determinative of its price in the marketplace. The alternative would have meant that the seller would have most likely rejected the $2,000 offer as inadequate and, as a result, the seller was asked what price he wanted for the coin, which turned out to be the selling point, even though it was modest in amount. So here is another example of a coin of modest grade, a true diamond in the rough, which results in a true bargain for the buyer even though the seller was happy with the gross proceeds of the sale. Coins are typically offered at auction as part of a collection and are acquired individually as such. Their value is sometimes enhanced by being part of that collection. There are a number of coin portfolios that are devices used to measure the value of a group of coins. It can be as simple as a set of Roosevelt dimes minted from 1946 to 1964, all in 90% silver. That set is capable of almost endless repetition in uncirculated condition, and it was, thus, not at all surprising that at a Stack’s sale in the 1980s, auctioneer Benjamin Stack, Harvey’s cousin and partner, found himself offering as a single lot a set of Roosevelt dimes with a 56

coinagemag.com

bid opening of about $170. The auctioneer anticipated that the coin set would sell for anywhere from the opening bid to $220, because they were a common item available in the retail store owned by Stack’s, as well as from many other dealers, all of whom were plugged into the marketplace. The bidding started at $170 and in $10 increments increased quickly to $250 (over the maximum expected yield). Benjamin Stack stopped the sale at $260 and said that it was clear that “auction fever” had taken over and that the bidders were just acting silly. He was willing to offer to as many individual bidders who would like it comparable sets at $220 apiece. Indeed, the coin sets in question were sets containing significant numismatic value but were not rare. (As the price of silver rose, so eventually, did the Roosevelt dime set consisting of just under 50 coins whose total value was equal to approximately $163 in 1980.) The resultant sum became a rare coin, as silver topped $48 an ounce in the free market and, as a result, the Roosevelt dime set became collectible in its own right (though it never did include copper-nickel versions of the same coin). The measurement of rare coins can be individually, as part of a set, a transaction including the whole set, or a market basket which constitutes a group of coins that when compiled and offered for analysis on the basis of generic fungibility can be similar to the Dow Jones Industrial Average as a method of examining the value of a selected group of coins or an entire marketplace. One group of coins and also other commodities was used from 1978 to 1990 by Salomon Brothers, at one time an investment banking firm that subsequently became part of Citigroup and several other names, each of which measured not rare coins as much as the comparison of rare coins with other tangible assets. Salomon used stamps, coins, foreign exchange, gold, silver, platinum, Dow Jones, bonds, and other well-known measuring devices for tangible assets. Each year, in the late Spring, Robert S. Salomon provided introductory material as to how tangible assets should be included in every investor’s portfolio and that it should include some portion of the tangible assets in the valuation. Until the mid-1970s, this had very little to do with coins except for the footnote that listed the combined value of a market basket that included rare coins that for the first time measured how the coins could be valued within the portfolio. Salomon’s notes and the list that accompanied them went only to a select customer list, but it was widely reported in the financial press and in numismatic periodicals. It subsequently became an important tool for those who sought information from a reliable, unbiased source on the rare coin market. Neil S. Berman and Hans M. F. Schulman published the contents of the market basket and, thus, identified the specific dates that appeared on coins and how their value changed from year to year. The Federal Trade Commission later stepped in because COINage


of advertising abuses that included claims that all coins were rare coins. In failing to segregate the coins from genuine rarities, it is my contention that the Federal Trade Commission deprived the coin industry of a valuable tool that could be used to monitor the precise state of the market at any given time. For the period between 1990 and 2015, I maintained in my office a chart based on the Salomon numbers calculated by Dennis Baker, once long-time editor of The Coin Dealer Newsletter and later a private newsletter editor and coin market analyst. I used this to calculate value on a continuing basis. Health concerns ended the project. When I was continuing the market basket analysis, I did it using the date and mintmark coins provided by Schulman and Berman and was apparently quite accurate despite obvious flaws. For example, there are no gold coins included in any of the dates and mintmarks; also, some of the choices proved to be poor ones in that they had virtually no movement at all over the past 15 years. On balance, however, the market basket was a good choice method in the absence of considering every coin in the universe; which would have overloaded either the source of the material or the cataloger. The use of the Dow Jones Industrial Average as a means of measuring the day-to-day comings and goings of the stock market is similar, and the accuracy is predicated on the same principles. It is probably flawed to have only one commemorative coin included in the portfolio and likewise the absence of bullion coins is probably a flaw, but the guide was used for more than five years without complaint. Any substitute for a bullion one-ounce coin, the bullion substitute for other similar product would only have left the prices and ratios lower in result, because gold went through an outstanding period of growth between 1978 and 2018, and any attempt to change the listing of the market basket would acknowledge an invalidity to the message. The market basket items included an extremely fine 1794 onecent piece; it also included a 1916 Standing Liberty quarter, an early-date Walking Liberty half dollar, and a number of other coins that meant the substitutability of the market basket and its viability as a valuation approach. It carefully distinguished between an 1884-S Morgan and an 1881-S, which is worth substantially less. For example, a two-cent piece is included in the overall listing; whether an 1872 or 1873 proof two-cent coin is chosen, it is of little consequence for purposes of valuation as it behaves in the same manner. In the same way, there is no difference between a 1900 Indian Head cent and any of the others produced between 1901 and 1909. In looking at some of the charts that accompany and also the result that appears in the long run, 1978 through 2018, it becomes clear that so long as the coin has some numismatic value, it also has a numismatic value that is capable of being measured and accurately compared with an appropriate measuring device that is accurate and thorough in its interpretaJuly 2018

tion of the worth of your rare coin portfolio. The coins in the Salomon Brothers market basket omit all gold coins. The theory behind that was explained by Harvey Stack, who supplied the pricing during the 12 years that the survey existed, by stating the Salomon belief that gold coins would merely reflect the bullion price without regard to collectability. No comparable chart has been constructed that depicts a market basket of a dozen or two-dozen gold coins, but a review of the rare gold coin market from 1978 until 2018 shows that nearly all gold coins performed well and at rates in excess of copper, nickel, and silver coins. The coins included in the Salomon market basket portfolio included an Extremely Fine 1794 half cent, an 1873 two-cent piece, an 1886 Liberty Head nickel, an 1862 three-cent piece, an 1863 half dime, an 1862 Liberty Head dime, an 1807 Liberty Head dime, and a 20-cent piece of any year and mintmark other than 1876-CC (the 1876-CC 20-cent piece is worth thousands of dollars and a scarce piece). Also included are the quarters and half dollars mentioned before and the 1795 Flowing Hair silver dollar together with a single commemorative coin (Hawaii, 1928). In 1978, Stack’s sold the Harold Bareford collection of gold coins. Mr. Bareford acquired his coins for just about $13. None was a name coin or the best of condition, but the result was a solid collection that brought more than $1.2 million. His other collection, including an 1804 silver dollar, was sold a few years later by the family. I have privately charted the price of gold bullion, silver bullion and platinum bullion covering the period from 1978 to the present. A secondary chart that I compiled for my private use measures the value of gold bullion and refers it to the market basket covering the same period. What will be found is not at all surprising to longtime observers of the coin industry: the gold bullion beats out the silver and copper coin portfolio every time. I tried a number of years ago to measure the performance that might be expected from a portfolio in gold coins and found that it was simply too difficult to initially maintain in a noncomputer age. One of the problems is that it habitually looked at the gold coinage and had difficulty in finding a way to separately list the type of gold coin over such a long period of time. From 1837 until 1932, gold coins were made by the United States Mint; between 1850 and 1933 there are subsets of gold coins that would be required even though the coins are not different in design but are distinctive in terms of quantities minted. The same problem occurs with quarter eagles, half eagles, threedollar gold pieces, and eagles. Rare coins, singly and as a market basket, show a good return on investment; and even when compared with gold bullion, as well as gold coins, the numbers don’t lie – every purchase of rare coins as part of a collection indeed proves out to be a worthwhile investment. 57


Show Dates

Email show date information at least four months in advance to editor@coinagemag.com.

July 2018

VFW Post #1385, 16 Cross Rd.; free admission; contact (774) 280-4333

Sq.; 25 tables, admission free; Contact (651) 2695846; Email hunt4coins@yahoo.com

1—DEDHAM, MASSACHUSETTS: 1st Sunday Monthly Coin & Stamp Show; Holiday Inn, 55 Ariadne Rd.; 30 tables, free admission; contact (508) 631-1423

20-22—BESSEMER, ALABAMA: Alabama Numismatic Society Annual Convention; Bessemer Civic Center, 1130 9th Ave. SW; Fri.-Sun.: contact Corbitt Chandler (205) 616-9385

11—ROSEVILLE, MINNESOTA: Roseville Coin Show; Skating Center, 2661 Civic Center Dr.; 20 tables, admission free; Contact (612) 770-1298; Email aswammi@comcast.net

1—PALATINE, ILLINOIS: 1st Sunday N.O.I.S.E. Coin Show; Holiday Inn Express, 1550 East Dundee Rd.; 30 tables, free admission; contact (815) 4790350; Email: noisecoinshowillinois@gmail.com

21—PHOENIX, ARIZONA: Northwest Valley Coin, Card & Stamp Show; La Quinta Inn, 2510 W. Greenway Rd., Phoenix AZ 85023; 35 tables, free admission; Email: AZCS@LIVE.com

1—FAIRVIEW PARK, OHIO: Universal Coin & Stamp Show; American Legion Post 421, 22001 Brookpark Rd.; contact John Cotleur (440) 8647473

21—ROUND ROCK, TEXAS: Round Rock Coin Show; Wingate Inn, 1209 N IH-35 & Hwy 79 exit 253; 40 tables, admisison $3; contact (512) 7968659; Email: Webmaster@LikeCoins.com

11—COLT’S NECK, NEW JERSEY: Colt’s Neck Coin, Currency, Stamp & Collectible Show; St. Mary’s Church, Rte. 34 North & Phanlax Rd.; 40 tables, admission free; Contact (732) 526-7337; Email cardfather@optonline.net

6-8—ROGERS, ARKANSAS: 3rd Annual Northwest Arkansas Coin Show; John Q. Hammons Convention Center and Embassy Suites Hotel of Northwest Arkansas, 3 Pinnacle Hills Parkway; Fri.Sun.; contact Bill Nelson (214) 232-2410

21—PHOENIX, ARIZONA: Northwest Valley Coin, Card & Stamp Show; La Quinta Inn, 2510 W. Greenway Rd., Phoenix AZ 85023; 35 tables, free admission; Email: AZCS@LIVE.com

8—COUNTRYSIDE, ILLINOIS: West Suburban Coin & Collectible Expo; Oper. Eng. Local 150 Union Hall, 6200 Joliet Rd.; 85 tables, free admission; contact (630) 399-9060 8—INDIANAPOLIS, INDIANA: 71st Street Coin and Currency Show; Knights of Columbus, 2100 E. 71st Street; contact Mark Eberhardt (317) 837-5682 8—TOPSHAM, MAINE: Brunswick Coin & Stamp Club Show; Topsham Fairgrounds Exhibition Hall, Elm St.; 40 tables, free admission; contact (207) 721-7872; Email: brunswickcoinclub@comcast.net, caouette@earthlink.net 12-14—ORLANDO, FLORIDA: Summer FUN Show; Orange Cty. Convention Center, 9800 International Dr.; Thurs.-Sat., free admission; contact (407) 3218747, fax (407) 321-5138; Email: cwibker@aol.com 14—ROSEVILLE, MINNESOTA: Roseville Coin Show; Skating Center, 2661 Civic Center Dr.; 20 tables; free admission; contact (612) 770-1298; Email: aswammi@comcast.net 15—COUNCIL BLUFFS, IOWA: Monthly Coin & Bullion Show; Hilton Garden Inn, W. side of casino, 2701 Mid America Dr.; 40 tables, free admission; contact edabish@msn.com, (402) 721-7364 or (402) 720-3355 cell 15—ITASCA, ILLINOIS: 3rd Sunday Itasca Coin Show; Holiday Inn, 860 West Irving Park Rd.; contact Joe (815) 479-0350 15—MARIETTA, GEORGIA: Greater Atlanta Coin Show; Hilton Atlanta/Marietta Hotel & CC, 500 Powder Springs St.; 37 tables; free admission; contact (770) 772-4359; Email: atlcoin@hotmail.com

21-22—ROCKY MOUNT, NORTH CAROLINA: Rare Coins of Raleigh Coin & Currency Show; Elks Lodge, 2750 N. Church St.; Sat. and Sun., free admission; contact (919) 790-8544; Email: rarecoinsofraleigh@gmail.com 28—WILLIAMSPORT, PENNSYLVANIA: Williamsport Area Numismatic Society 45th Annual Coin Show; St. Boniface Gym, 710 Franklin St.; contact Paula Beiter (570) 279-2128

August 2018 3-5—CHARLESTON, SOUTH CAROLINA: Low Country Coin Club Show; Exhibit Building, Exchange Park Fairgrounds, 9850 Highway 78; 50 tables, free admission; contact Richard, (843) 797-1245 Richard; Lowell, (843) 302-6210; Email: lowcountrycoinclub@att.net 4—WESLEY CHAPEL, FLORIDA: 1st Saturday Coin Club Show; Eagle Lodge #3752, 4149 New River Rd.; free admission; contact (813) 355-6813 4—KNOXVILLE, TENNESSEE: Knoxville Coin & Currency Show; Rothchild Conference Center, 8807 Kingston Pike.; 20 tables, free admission; contact (865) 660-8692; Email beavercreekcoins@bellsouth. net 4-5—HOUSTON, TEXAS: BCC Coin and Collectable Show; Arabia Shrine Center, 10510 Harwin Dr.; 70 tables, admission $3; Email webmaster@bellairecoinclub.com 4-5—MILTON, FLORIDA: Pensacola Coin Show; Santa Rosa County Auditorium, 4530 Spikes Way; 35 tables, admission free; Contact (850) 932-0933

15—NASHUA, NEW HAMPSHIRE: 3rd Sunday Coin Show; Holiday Inn, 9 Northeastern Blvd.; 49 tables, free admission; contact (978) 658-0160

5—FAIRVIEW PARK, OHIO: Universal Coin, Currency, & Stamp Show; American Legion Hall, 22001 Brook Park Rd.; 35 tables, admission free; Contact (440) 864-7473

15—SOUTH SAINT PAUL, MINNESOTA: South St. Paul Coin Show; VFW 111 Concord Exchange S.; 40 tables, free admission; (651) 269-5846, meyerscoin@yahoo.com

5—DEDHAM, MASSACHUSETTS: 1st Sunday Monthly Coin & Stamp Show; Holiday Inn, 55 Ariadne Rd.; 30 tables, admission free; Contact (508) 631-1423

15—VAN NUYS, CALIFORNIA: Van Nuys Coin Show; Masonic Hall, 14750 Sherman Way; 30 tables, admission $3; contact (661) 287-1651; Email: ramrarecoins@yahoo.com

5—PALATINE, ILLINOIS: 1st Sunday NOISE Coin Show; Holiday Inn Express, 1550 E. Dundee Rd.; 30 tables, admission free; Contact (815) 479-0350; Email noisecoinshowillinois@gmail.com

18—UXBRIDGE, MASSACHUSETTS: Blackstone Valley Coin & Collectibles Club 3rd Wed. Coin Show;

5—BLOOMINGTON, MINNESOTA: Crowne Plaza Coin Show; Bloomington Crowne Plaza, 3 Appletree

58

coinagemag.com

11—GRANDVILLE, MICHIGAN: Grand Rapids Area Coin Show; American Legion #179, 2327 Wilson Ave.; 42 tables, admission free; Contact (616) 677-1981; Email johnchirco@sbcglobal.net 12—COUNTRYSIDE, ILLINOIS: West Suburban Coin & Collectible Expo; Oper. Eng. Local 150 Union Hall, 6200 Joliet Rd.; 85 tables, admission free; Contact (630) 399-9060 12—AUBURN, MASSACHUSETTS: Sunday Coin Show; Elks Lodge, 754 Southbridge St.; 46 tables, admission free; Contact (978) 658-0160; Email info@ebwpromotions.com 12—CHANDLER, ARIZONA: Camelback Collectibles Coin & Stamp Show; American Legion Post #35, 2240 W. Chandler Blvd.; 35 tables, admission free; Contact (480) 227-3604; Email arizonacoins@hotmail.com 12—MARIETTA, GEORGIA: Greater Atlanta Coin Show; Hilton Atlanta/Marietta Hotel & CC, 500 Powder Springs St.; 37 tables, admission free; Contact (770) 772-4359; Email atlcoin@hotmail.com 12—BEAVER DAM, WISCONSIN: Beaver Dam Coin Club Show; American Legion Post, 300 Beichl Ave.; admission free; Contact (920) 386-2134 12—TELFORD, PENNSYLVANIA: Montgomery County Coin Show; Franconia Heritage Banquet & CC, 508 Harleysville Pike; 45 tables, admission free; Contact John, (610) 937-0332; Ed, (215) 275-1569; Email johnbach@comcast.net 12—BURLINGTON TOWNSHIP, NEW JERSEY: Burlington Coin Show; Masonic Lodge, 2308 Mt. Holly Rd.; 30 tables, admission free; Contact (609) 234-3959; Email njrobs@comcast.net 12—PITTSBURGH, PENNSYLVANIA: ONR Coin Show; Castle Shannon Firehall, 3600 Library Rd.; 40 tables, admission free; Contact (844) 667-2646; Email shows@ONRcoins.com 14-18—PHILADELPHIA, PENNSYLVANIA: American Numismatic Association’s World’s Fair of Money; Philadelphia Convention Center, 3600 Library Rd.; admission free; Contact (719) 4829849; Email convention@money.org 15—UXBRIDGE, MASSACHUSETTS: Blackstone Valley Coin & Collectibles Club 3rd Wednesday Coin Show; VFW Post #1385, 16 Cross Rd.; admission free; Contact (774) 280-4333 18—PHOENIX, ARIZONA: Northwest Valley Coin, Card & Stamp Show; LaQuinta Inn, 2510 W. Greenway Rd.; 35 tables, admission free; Contact (623) 570-3816; Email azcs@live.com 18-19—SALEM, VIRGINIA: Salem-Roanoke Valley Coin Show; American Legion, 710 Apperson Dr.; 40 tables, admission free; Contact (540) 943-2267.

COINage


by Marcy Gibbel

Patriotic Coin Word Challenge

M

any of the symbols, messages and scenes portrayed on U.S. coins are patriotic. These expressions help to display devotion to and support for the United States. Independence Day is in July, so a word search in the sprit of the holiday is fitting. These words are hidden on the grid, and it’s your challenge to uncover where they are. Circle or highlight the names of patriotic coins produced by the U.S. Mint on the grid.

Hidden words: AMERICAN EAGLES BALD EAGLE CONSTITUTION COMMEMS DISABLED VETERANS DOLLEY MADISON FDR GOLD FIVE-STAR GENERALS INFANTRY SOLDIER JEFFERSON NICKELS KENNEDY HALF

LINCOLN CENTS MARINE CORPS MEDAL OF HONOR SAINT GAUDENS STATUE OF LIBERTY U.S. ARMY USO DOLLAR WASHINGTON HALF WEST POINT WORLD WAR I

GRID WITH HIDDEN WORDS J D F M S S R F O W Z L Y R O D V Y M B U 60

coinagemag.com

Y E L L B E T Z O T I A N L I T T S E Q T

S X F U A L T R M N Y A G S I R D E D S O

P A B F F H L E C Y S F A P E C G L A Z G

R I I C E D N O L P D B K B L F K G L Z M

Z A C N W R L O R S L D I M G D F A O W I

U Z L A T N S O T E V L U Z A R I E F F Y

T S R L C G C O D G F G E O E G V N H Z X

U I A E O E A V N O N S V F D O E A O Q E

V P N R N D E U E N Y I E H L L S C N H P

Y T K I M T O U D E I J H B A D T I O B P

S Q R K E Y T S G E F C D S B B A R R S C

B A N R T A R E U J N H K Y A T R E H Z O

M T A Z T B V Q X F Z S J E E W G M W X X

U N K S Y O H K G Z T D W M L Q E A P M O

S M E M M O C N O I T U T I T S N O C R O

Q Y N O S I D A M Y E L L O D W E J A P F

N C I N F A N T R Y S O L D I E R J D R C

K E N N E D Y H A L F B N I J Q A Z Z K V

O H U C G C T N I O P T S E W O L Y Q M M

M O E U D P K Q X J Z U D V V Q S O B T J COINage


BUYING & SELLING

World Coins, Tokens, Medals, Paper Money

Introductory Offers

1. 100 different coins, ancient to modern . . $25.00 2. 25 different banknotes . . . . . . . . . . . . . . . $10.00 3. BUY or BID sales list . . . . . . . . . . . . . . . . . . FREE

BOB REIS “ANYTHING ANYWHERE” P.O. Box 26303, Raleigh, NC 27611 • (919) 787-0881 e-mail: reisbiz@earthlink.net

2009-S proof Lincoln cent.

www.anythinganywhere.com

coinagemag.com

1965 Kennedy half dollar.

FIND US ONLINE TODAY!

1907 High Relief Saint-Gaudens double eagle gold piece.

Answers to the patriotic coin word challenge J + F + + + + + + W + L + + + D + Y M + +

+ E + L + + + + O + I + + + I + T S E + +

S + F + A + + R + N + + + S + R + E D + +

+ A + F + H L + C + S + A + E + + L A + +

R + I + E D N O + P + B + B L F + G L + +

+ A + N W R L O R + L + I + G D F A O + +

U + L A T N S O T E + L + + A R I E F + +

+ S R L C G C O D G F + + + E G V N H + +

+ I A E O E A V N O N + + + D O E A O + +

+ + N R N D E U E N + I + + L L S C N + +

+ T + I M T O U D + I + H + A D T I O + +

S + R + E Y T S + E + C + S B + A R R + +

+ A + R + A + + U + N + K + A + R E + + +

M + A + T + + + + + + S + E + W G M + + +

+ N + S + + + + + + + + + + L + E A + + +

S M E M M O C N O I T U T I T S N O C + +

+ + N O S I D A M Y E L L O D + E + + + +

+ + I N F A N T R Y S O L D I E R + + + +

K E N N E D Y H A L F + + + + + A + + + +

+ + + + + + T N I O P T S E W + L + + + +

+ + + + + + + + + + + + + + + + S + + + +

ANSWERS TO THE CHALLENGE

July 2018

WWW.ESTATEWHOLESALER.COM

TomCederlind.com 61


Take Note South Korea’s ban on initial coin offerings (ICOs) has not stopped the appearance of new digital coins on local exchanges. Instead, South Korean startups are domiciling their ICOs abroad, then listing their digital coins on South Korean exchanges. The nation frustrated cryptocurrency volumes when it banned ICO listings in the country, where the Bitcoin price trades at a larger premium versus other markets. But things are changing for ICO issuers: ICON (ICX) is a new coin developed by Seoul-based fintech DAYLI Financial Group but issued in Switzerland. The ICON Foundation is registered in Switzerland but operates out of Korea. Bithumb and Upbit, South Korea’s top two cryptocurrency exchanges where the new coin has been listed, support ICON for trading. This is significant because it’s the country’s first platform coin developed on code that can also support other applications. ICON is only one of approximately 12 companies to have similarly bypassed the ban, launched ICOs overseas, and listed its coins on Korean exchanges. Reuters reported that, while South Korean regulators want South Korean startups to be transparent about their international deals, they also don’t plan to stand in the way.

WIKIPEDIA COMMONS

BLOCKCHAIN STARTUPS New Digital Coins Still Listed on Some Exchanges

The National Purple Heart Hall of Honor Commemorative Coin Act (H.R. 1683) authorizes the U.S. Treasury to produce $5 gold coins, $1 silver coins, and half-dollar clad coins at the United States Mint at West Point. These coins will be sold in limited quantities. After production costs are recouped by the U.S. Treasury, proceeds from sales of the coin will go to the National Purple Heart Hall of Honor to allow the organization to develop and renovate its facilities. Stephanie Keegan said, “As the legislative director of the Purple Heart Hall of Honor, Inc., I am thrilled to be a part of the effort to gather support for the National Purple Heart Hall of Honor Commemorative Coin Act. This legislation was written by Congressman Sean Patrick Maloney, who is a remarkable supporter of the veteran community. When H.R. 1683 is passed it will go a long way to helping with improvements and programs at the museum to help honor those who have given so much in support of our country.”

U.S. DEPARTMENT OF DEFENSE

COMMEMORATIVE COIN New Act for Veterans Gaining Support

Whitman Publishing announced the release of the updated and expanded new third edition of A Guide Book of Franklin and Kennedy Half Dollars by professional numismatist Rick Tomaska. The 320-page book contains hundreds of full-color photographs and is available from booksellers and hobby shops nationwide for $19.95. “Collectors can enjoy challenges and rewards with these coins whether their hobby budget is $50 a month or $50,000,” said Tomaska. In addition to sharing behind-the-scenes knowledge of the retail and auction markets, Tomaska provides pricing in multiple grades for each coin. He also gives the history of coin designs, production, and other technical and cultural aspects. He explores transitions in Mint craftsmanship and reveals why Franklin and Kennedy half dollars represent the end of an era. He studies the coins date by date with commentary on exceptional and highly toned specimens, describes how proof coins are made and graded, and teaches about cameo and deep cameo contrast, full bell lines, certified coin populations, and other factors important to value and rarity. The third edition has been expanded by more than 10 percent, with no change in its retail price. New features in this edition include record auction and retail prices; coverage of the 1964–2014 gold and silver Kennedy half dollars; and new illustrated appendices on “Exceptional Cameo Contrast” and remarkable error and mis-struck Franklin and Kennedy halves. Tomaska has also included an illustrated chapter on proof Walking Liberty half dollars, which he describes as “true classics born during the wonderful renaissance era in American coin design” and as precursors to the proofs of the Franklin series.

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UPDATED BOOK Half Dollar Guide Available in New Edition


RARE DATE SCARCE DATE

Wholesale

MORGAN DOLLARS

OLESALE WH ChAU BU

1878-CC 1878-S 1880-S 1880-O 1881-O 1882CC 1883CC 1883-S 1884CC 1884-S 1886-S 1886-O 1887-S 1889-S 1889-CC 1890-CC 1890-O 1890-S 1891

259. 45. 39. 39. 39. 119. 119. 79. $119 99. 135. 75. 69. 89. 2,395. 199. 49. 45. 39.

349. 65. 59. 59. 55. 219. 219. 249. $229 649. 259. 239. 119. 199. 4,900. 339. 69. 69. 69.

1891-O 1891-CC 1891-S 1892 1892-S 1892-O 1892-CC 1893 1893-O 1894 1894-O 1895-O 1896-O 1896-S 1897-O 1898-S 1899 1900-O 1901 1901-S 1902 1903 1903S 1904 1904-S

ChAU

75. 199. 42. 89. 495. 85. 595. 359. 750. 1595. 189. 695. 89. 359. 79. 85. 239. 39. 199. 179. 44. 52. 595. 52. 399.

BU 149. 319. 59. 159. 2,595. 199. 975. 479. 1295. 2595. 339. 1795. 299. 795. 249. 195. 299. 69. 579. 395. 59. 75. 1995. 75. 795.

OLESALE WH U.S. GOLD COINS SELECT B.U.

$1 Liberty - $295 $2 1/2 Indian - $339 $3 Princess - $1795 $5 Liberty - $439 $10 Liberty - $849

$2 1/2 Liberty - $379 $5 Indian - $499 $10 Indian - $895 $20 Gaudens - $1499 $20 Liberty - $1499

TERMS OF SALE: All coins guaranteed genuine. Add $9 to all orders under $500 for P. & I. Thirty day return period Coins removed from original holders are considered sold. Grading by Photograde, & A.N.A. grading guide. Combined with 48 years of Numismatic Expertise.

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Always Buying & Selling! –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

As you can see from our ads; we offer a diverse selection of quality rare U.S. coins & currency. It’s a struggle to come up with a continual supply of material and, to that end, we are always strong buyers. If you have numismatic material to sell, please give us a call. We are fast, confidential, and willing to travel to buy deals.

Call us Toll Free at

1-800-638-8869 Below are some of our newer purchases, offered for sale. Log on to www.coastcoin.com to see full descriptions and photos of these coins plus our complete inventory of U.S. coins & currency! Colonial Coinage –––––––––––––––––

1787. Fugio Cent. PCGS. MS-63+. RB. CAC. STATES UNITED. 4 Cinquefoils. Highly desirable. . . . . . . . . . . $4995.00

Half Cent ––––––––––––––––––––––––

1923-S. PCGS. MS-65. . . . . . . . $5295.00 1924-D. PCGS. MS-65. . . . . . . $3965.00 1926-S. PCGS. MS-63. . . . . . . . $9995.00 1927-S. PCGS. MS-64. CAC. . . $4375.00 1937. PCGS. PR-67+. CAC. . . . $2895.00

1806. PCGS. MS-63. BN. CAC. Large 6, Stems. Pristine surfaces.. . . . . $3495.00

Barber Dime ––––––––––––––––––––––

1793. NGC. VG-10. Wreath. Vine and Bars Edge. VF detail. . . . . . . . $4995.00 1826. PCGS. MS-63. BN. N-7.. $2595.00

1916-D. PCGS. MS-61. Flashy. $11999.00

Large Cents ––––––––––––––––––––––

1899-O. NGC. MS-67. STAR.. . $9750.00

Mercury Dimes –––––––––––––––––––

1860. PCGS. PR-64. CAM. CAC. $7995.00

Trade Dollar ––––––––––––––––––––––

1876-S. PCGS. MS-64. Flashy. . $2595.00

Morgan Dollars –––––––––––––––––––

1879. PCGS. MS-66+. Brilliant. $3995.00 1879-CC. PCGS. MS-63. . . . . . $7750.00 1879-O. PCGS. MS-65. . . . . . . $2895.00 1887/6. PCGS. MS-65+. CAC. . $2995.00

1800 $5. PCGS. AU-55. . . . . . $12500.00 1811 $5. PCGS. MS-62. . . . . . $15595.00 1854-D $5. PCGS. AU-55. CAC. $4995.00 1915-S $5. NGC. MS-61. . . . . . $3575.00 1800 $10. PCGS. AU-53. . . . . $19995.00 1861 $10. PCGS. AU-58. . . . . . $3495.00 1870-S $20. PCGS. AU-58. . . . $3150.00

Indian Head Cents ––––––––––––––––

1869. PCGS. MS-65. RB. CAC. $2569.00 1870. PCGS. MS-65. RD. . . . . . $4750.00 1887. PCGS. MS-66. RD. . . . . . $5950.00

Lincoln Cents –––––––––––––––––––––

1909-S. PCGS. MS-66. RD. . . . $2495.00 1914-D. PCGS. MS-64. RB. CAC. $5295.00

1942/1-D. PCGS. MS-65. FB. CAC. The flashy white luster seems to jump off this coin. An amazing ‘Mercury’! $32250.00

Bust Quarter ––––––––––––––––––––––––

1824/2. PCGS. VF-30. . . . . . . . $3495.00

Seated Liberty Quarters ––––––––––––

1859. PCGS. PR-64. CAM.. . . . $2195.00 1868. PCGS. MS-64. . . . . . . . . $4995.00

Barber Quarter –––––––––––––––––––

1908-S. PCGS. MS-65. . . . . . . . $3450.00 1914-D. PCGS. MS-65. RB. CAC. A rare date with nearly full red luster and a pleasing lavender hue.. . . . . $10750.00

Standing Liberty Quarter –––––––––––

1889-CC. PCGS. AU-58. CAC. One of the ‘keys’ to this popular series and the most elusive ‘Morgan’ from the Carson City mint. A great ‘look’.. . . $21950.00 1892-CC. PCGS. MS-65. . . . . . $5995.00 1892-O. PCGS. MS-65. . . . . . . $3695.00 1897-O. PCGS. MS-63. . . . . . . $4650.00

1917-S T-1. PCGS. MS-66+. FH. CAC. Fantastic eye appeal. . . . . . . . $3995.00

Peace Dollar ––––––––––––––––––––––

1864 Large Motto. PCGS. MS-66+. RB. CAC. Super quality. . . . . . . . . $2595.00 1866. PCGS. PR-66+. RB. CAC. $7895.00

1896-S. PCGS. MS-63. . . . . . . . $3595.00 1903. NGC. PF-67.. . . . . . . . . . $4995.00

1927 Vermont. PCGS. MS-67. . $3795.00

1877. PCGS. PR-65. CAM. CAC. $4295.00 1885. PCGS. XF-40. CAC. . . . . $2995.00

Seated Liberty Dollars –––––––––––––

Two-Cent Pieces ––––––––––––––––––

Nickel Three-Cent Pieces –––––––––––

Barber Half Dollars ––––––––––––––––

Walking Liberty Half Dollars –––––––

1917-D Rev. PCGS. MS-64. . . . $3595.00 1920. PCGS. MS-65. . . . . . . . . $3495.00

Shield Nickel ––––––––––––––––––––––

1934-D. PCGS. MS-66. . . . . . . $3895.00

Early Silver Commemorative –––––––

Early Gold Commemorative –––––––––

1915-S Panama-Pacific $2 1/2. PCGS. MS-66. CAC. Very sharp strike. $5750.00

United States Gold Coins ––––––––––

1855 $1. PCGS. MS-63+. T-2. . $5395.00 1860-S $1. PCGS. MS-62. . . . . $3995.00

1879/8. PCGS. PR-67+. Brilliant. $3595.00

Buffalo Nickels –––––––––––––––––––

1914/3. PCGS. MS-64. . . . . . . . $9250.00 1915-S. PCGS. MS-65+. . . . . . . $3475.00

1916. PCGS. PR-67. CAC. With a mintage of just 600, this is by far the rarest matte proof ‘Buffalo’. Super quality! $10995.00 1918-S. PCGS. MS-64. . . . . . . . $3195.00

COMPANY POLICY

1845. PCGS. MS-62+. A scarce date w/24,500 minted and few high grade survivors. Flashy white luster. $19500.00 1847. PCGS. MS-63. Vibrant white luster and well struck. Early holder. $4375.00 1855. PCGS. XF-45. Nice detail. $5995.00 1858. PCGS. PR-61. . . . . . . . . $10950.00

1863 $1. PCGS. MS-62. CAC. Very scarce & a date rarely available in any grade. Outstanding for the grade! . $12500.00 1883 $1. PCGS. MS-67. CAC. . $3995.00 1848 $2.5. NGC. AU-58. . . . . . $4595.00 1861 $3. PCGS. MS-61. . . . . . . $8495.00 1863 $3. PCGS. MS-62. CAC. $11750.00 1867 $3. PCGS. MS-62. . . . . . . $9595.00 1884 $3. PCGS. MS-63. . . . . . $10995.00 1885 $3. PCGS. MS-61. . . . . . . $7495.00

1882-CC $20. PCGS. AU-58. Lustrous surfaces and a sharp strike. Just barely misses a mint state grade! . . $10495.00 1908-S $20. NGC. AU-50. . . . . $4995.00

U.S. Patterns –––––––––––––––––––––––

1870. Dime. NGC. PF-67. J-831. CAC. High R-6. A William Barber design w/a seated Liberty on the obverse and the adopted Seated Dime rev. Struck in silver with a reeded edge. . $5750.00 1870. Dollar. PCGS. PR-64. RB. J-998. CAC. R-7. William Barber’s beautiful Seated Liberty design obverse with a “Standard Dollar” reverse. Struck in copper with a reeded edge.. . $9750.00 1870. Quarter. PCGS. PR-65. BN. J-924. R-7+. Struck from the regular Seated Quarter dies but on a copper planchet. The edge is reeded. . . . . . . . . $4995.00 1870. Quarter. PCGS. PR-66. CAM. J-900. CAC. R-5. Struck in silver w/a reeded edge. Bust of Liberty with LIBERTY on headband. . . . . . . . . . . . . $4225.00

Private Mint Gold ––––––––––––––––––

1851. PCGS. VF-30. U.S. Assay $50. Augustus Humbert. .887 THOUS. “Target” rev. Reeded Edge. . $31250.00 1860. PCGS. AU-55. Clark, Gruber & Co. CAC. $2 1/2. Well detailed . . $8595.00

Hawaiian Coins –––––––––––––––––––––

1883. Dollar. PCGS. MS-63. CAC. Plenty of thick frosty luster. . . $7595.00 1883. Half Dollar. PCGS. MS-64. $2695.00

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