Sunday, January 29, 2012

JR Newsletter: 29 January 2012 (73)


Winston Zack provides our only contribution this week, but it's a great one:


Several of you Bust Dime guys who also collect die states may have noticed that an extremely rare 1825 JR-4 with obverse Retained Cud popped up on eBay in a 5-coin Bust Dime lot this past week.  The seller is notorious for selling groups of primarily lower grade/cull type coins, so it was that much more impressive to notice that the 1825 JR-4 Obverse Cud in this lot appeared to be a respectable example with no immediately discernible damage noticeable from the images.  From the moment I first saw the listing I knew this was one of the rarest cuds in the Capped Bust Dime series; an example still missing from my collection of Capped Bust Dime Retained and Full Cuds; currently there are ~30-32 Capped Bust Dime die marriages exhibiting cuds (refer to the March 2009  Vol. 19, Issue 3 John Reich Journal for an ALMOST complete list of known Capped Bust Dime Cuds with their rarity estimates; the only two I am aware of which are missing from that list are the 1830 JR-2 reverse retained cud and the 1834 JR-4 reverse full cud which I discovered in 2010 and is still unique as far as I know).

Previously, the only image I had seen of this die state was from Jim Matthews' John Reich Journal article (whole number 49, June 2005).  The example shown in the article appeared comparable to the example from eBay - lower-grade G/VG.  In the Matthews article, he noted that this die state is only known in the Retained Cud form, and no examples were known in the Full Cud; at the very least low-grade examples (pretty much anything VF and lower) are very difficult to attribute as Full Cuds unless other known characteristics are present.  In addition, the only known reference I am aware of citing the rarity of this Cud (and other Capped Bust Dime Cuds) comes from Charles Horning's March 2009 Vol. 19 Issue 3 John Reich Journal, where he cited this Cud as an R7+ (~4-6 known).

What makes this Cud so much more interesting than just its current rarity is the fact that it is an obverse cud ( < 20% of known Capped Bust Dime Cuds are obverse Cuds due to the position of the dies and the differential pressures exerted on each die in the coin operation) and the size of the Cud.  Few Capped Bust Dime Cuds rival the size of this example, and the only example I can think of which is larger is the 1833 JR-4 reverse Cud from E1 to A2, although that Cud forms in 3 stages rather than failing all at once as is assumed on the 1825 JR-4.

After providing that background I am pleased to report I was the winner (barely) of this coin (and the 4 others) last week.  It now proudly rests alongside my other Capped Bust Dime Cuds, of which I now have 16 different die marriages.  In terms of condition, the coin exhibits G+ details with a couple of light rim dings around 9 o'clock.  The Cud appears to be full (or nearly so), but I attribute the filling of the area as wear and consider this a worn retained cud.  I have provided photos of the coin below.

Editor's note:  Click on a photo to view a larger version of the photo.





 In addition, I am selling my 1825 B-3 Capped Bust Quarter with Reverse Cud through UNITED; 1825 must have been a rough year for quality control at the mint!  The coin is Good, light rim wear is creeping into the fields and light circulation chatter noted for accuracy.  I'm looking for $625 shipped and insured (or best offer).  Photo also provided below.  If interested in purchasing the quarter, please contact me via email at stoneman101 (at) gmail.com




Sunday, January 22, 2012

JR Newsletter: 22 January 2012 (72)

Richard Meaney wrote:

Congratulations to Louis Scuderi for his find of an 1832 LM-9.2 half dime (as reported in last week's JR Newsletter)!  I believe the 1832 LM-9.2 is one of the most difficult die remarriages to find in any grade in the entire capped bust half dime series.  I know we can never know with certainty how many examples are extant, but I do believe we are still firmly in the single digits with known examples of this remarriage.

Richard
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Richard Faubion wrote:

That is indeed exciting news about Dick Graham's upcoming treatise on Reeded Edge Halves.  Please do keep us apprised as to the publication details.  Oh, and thanks so much for your efforts in producing the JRCS Newsletter!  

Regards,
Richard Faubion

Sunday, January 15, 2012

JR Newsletter: 15 January 2012 (71)

Louis Scuderi wrote with some big news for half dime collectors:

A recent find - 1832 LM9.2. A straight purchase at type cost off a dealer's web site. Saw the obverse and remembered the sort of mushy strike that I saw on the LM book specimen and thought- please let it be reverse T. Luck was with me.

Examination with a hand lens reveals the slightest die chip in the right upright/diagonal of the N. So it was struck just slightly before the 1833 LM3.2. Although there is no mention of a die chip on the N in the LM book for 1833 LM3.2, the image in the book does show what I believe to be the beginnings of one.

The die swelling above the eagle's head is the most pronounced of any of the reverse T marriages/remarriages that I have seen. Interestingly of the the later remarriages (#'s 7 through 13) only the 1832's (remarriages #8, 10 and 12) show the swelling strongly while the 1833's (remarriages #7, 9, 11 and 13) do not. Just a thought but perhaps in part the weakness in this area has to do with the engraved depth of the 1832 obverse dies #2 and #4? Perhaps it is a bit deeper on these 1832 dies than on the 1833 Obverse 1 and 2 dies that were married to reverse T? The deeper dies for the 1832's would make it difficult to fully strike up the reverse opposite the bust and thus enhance the die swelling above the head and at the scroll?

Louis

Editor's note: An image of the 1832 LM-9.2 is below.  Click on the image to enlarge it.



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Rich Uhrich wrote a follow up to his contribution on the 1827 JR-14 dime:

I received the coin back from PCGS today, it is graded PCGS VG-8 and it is labeled JR-14.

I read with interest the note from Louis Scuderi in the JR Newsletter, and in fact both the owner and I noticed the same thing.  In the excellent book on 1827 JR-2 dimes by Jim Koenings, the flags of the number "1" in "10 C." differ in shape also.  For example, coins #2, 9, 17, 18, 24, 25, and 28 have somewhat triangular flags very similar to the flag on the JR-14, while coins 5, 8, 11, 14, 26, 27, and 30 have very flat flags and do not look like the flag on the JR-14.  So the flag on the JR-14 matches some of the JR-2 dimes in Jim Koenings' book, but doesn't match others.  I have no idea why this is.  But Louis has raised a good point, and it seems to apply to the JR-2 reverse, not just the JR-14 reverse.

All of the other attribution points match up, and many Bust Dimes experts examined the coin at the FUN show with no disagreement on its variety attribution, plus PCGS also agrees it is definitely a JR-14.

Hope this helps.
Rich Uhrich
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David Quint wrote:

Kudos to Louis for noticing the difference between the flat vs. sloped-top 1 on the new 1827 JR-14 example.  The punches used for the 1 in the denomination included both the flat and sloped-top versions, with the flat version losing its right foot along the way.  The punch with the flat top and the broken right foot can be seen on not only the 1827 JR-2 but (I believe) on the 21 JR-10, the 23 JR-2, and the 24 JR-1. To my eye it looks remarkably similar to the 1 found on the 1814 small date (both obverse and reverse), but on the 1814 the right foot is intact and the stem is a bit thicker. Observing the different examples of the broken-foot 1, it appears to me that the "flatness" of the top of the 1 differs slightly between different examples, possibly due to strike and/or polish in the die at the highest recesses of the 1. Thankfully, there is a book full of pictures of the 1827 JR-2 (by Jim Koenings) and one can detect slight differences in the slopes of the top of the 1 on these examples (for instance, the Rank 1 and 9 coins seem to have an upward slope while the Rank 5 almost seems to have a downward slope).  If you go through his book comparing nothing but the tops of these 1's, it is quite striking just how different one flat-top is from another flat-top. Putting some of these side-by-side one can almost think that these 1's are distinct, or at least repunched versions of one another. But my guess is that what we're seeing is the simple result of a 19th C manufacturing process that produced coins with tiny inconsistencies. I hope others take a look at Jim's book and let us know if they see the same thing.

David Quint

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Van Walworth wrote:

Continuing the thread of comments related to the 1821 JR-1 Bust Dimes... In Jim Koenings' booklet covering the the 1824 JR-2 Bust Dimes, he does an excellent job with a census and details concerning this rare variety.  As he was preparing his manuscript some obvious counterfeits samples of 1824 dimes made the circuit and at least one "not-so-obvious" counterfeit sample.  I purchased the not-so-obvious dime to get a better look at it in person.  Jim includes my write up and report at the back of his booklet.  I bring this particular dime up related to the 1821 JR-1 conversation because this dime seems to have all the markings and features consistent with the obverse of 1821 JR-1 EXCEPT the date is 1824 and not 1821.  The reverse is also consistent with the reverse of 1821 JR-1.  The 1824 date on the coin does not have the characteristic over date marks of the "4/2".  In addition, there is no visible crack between S1 & S2.  My question is related to "where did the pattern for this coin come from?" If it is counterfeit, the pattern with appropriate details from an 1821 JR-1 specimen apparently was in pristine enough condition for the forger to mimic its details down to fine points... leaving out any visible reference of a crack between S1 & S2.  If there had been such an S1-S2 die crack on the pattern coin, why leave that one little detail out?  I look forward to some comments from some of you bust dime specialist who have much more wisdom and insight into this kind of thing than I.
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Charlie Horning wrote about the FUN Show:

The show was pretty lackluster for several reasons, I think.  First, the dealers are flush due to the rise of gold and beyond belief bullion prices/sales. They, therefore, are in no rush to move numismatic merchandise. Secondly, it looked to me the average age of the collectors present on Thursday and Friday was about 56.  That probably means that the vast majority of collectors are "mature" in their collecting and therefore much more selective. The days of filling holes are over -- quality and originality reign supreme.  Lastly, the economy is still in the crapper -- numismatics is a hobby dependent upon after-tax disposable income -- perhaps not too many collectors feel comfortable stepping up under present conditions...

Charlie
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Alan V. Weinberg also wrote about the FUN Show:

My impressions and experiences at the Jan FUN show:

A superb show, not reflecting any of the impressions I've received at other recent shows where things were largely "downbeat" due to mediocre attendance and the economy. FUN attendance was huge, there was a buzz in the air. Roaming the bourse floor constantly from setup day, I did not overhear one single mediocre or negative comment from dealers or collectors. The FUN people, as always, were fully prepared and had every conceivable demand under control including daily morning breakfast setups for the dealers and sandwich wraps for the dealers set-up day.

The bourse had approx 575 bourse tables, considerably more than last year I'm told and this year for the 1st time in many years the convention facility faced International Drive and the hotels. Complimentary bus service to and from those hotels was excellent throughout the day and early evening. The prevalence of law enforcement was evident throughout the show. Upon arrival in Orlando early Wed morning (34 degrees!) , my driver said the city was "dead"- quiet. And the amazing fact, unprecedented, was that NO other convention was being held at the Orange County Convention Center massive facility- FUN was the only convention. The exact opposite has been true for decades to the degree that last year FUN was forced to move to Tampa due to the Orlando Convention Center being fully taken up.

I acquired some truly great treasures and sold almost everything I brought. In summary, the entire show was exciting, even exhilarating and the hobby was once again tremendous fun- which is in fact what keeps most dealers and collectors active and interested. 

Alan V. Weinberg
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Nathan Markowitz wrote about the upcoming EAC-JRCS meeting:

Call for speakers for Buffalo.  Please consider sharing your expertise and enthusiasm with a 45-minute presentation at the Buffalo convention if you are able to attend.  We have a group of committed numismatists eager to learn new areas and virtually any early silver topic would be great given that this is a relatively new venture.  In particular, it would be terrific to have an introduction to a series and I am especially committed to offering new speakers a chance to present...so don't be shy.  I am charged with organizing speakers for Friday May 4 and Saturday May 5. 

If you wish to attend, the real excitement begins Thursday evening with the Happenings (coin displays), and the educational program concludes Saturday afternoon. Saturday night is "just" a copper auction and prolonged bull sessions at the bar and Sunday is the EAC meeting so for JRCS folks Thursday at 5PM until Saturday would be a full dose of numismatics.  Feel free to contact me if you have any interest in speaking or any questions about the event at cascades1787 (at) yahoo.com

By the way, the early quarter selected to display this year is 1818 Browning 6...so bring your cracked B6s to study and show off to the copper folks...

Nathan Markowitz
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Brad Karoleff wrote about a JRCS meeting at the upcoming Baltimore show:

We have scheduled the JRCS regional meeting for Friday, March 23 at 4:00 PM.  The complete schedule of meetings can be accessed through the Whitman website for the show:  http://whitman.com/expos  If anyone is interested in speaking at the meeting please contact Brad at jrcs19 (at) roadrunner.com.  Thank you.

Brad
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And finally, a note from the editor about an exciting topic for the JRCS meeting at the Summer ANA show in Philadelphia:

Dick Graham has agreed to be the featured educational speaker at the JRCS meeting in Philadelphia and will give a presentation on the Reeded Edge Half Dollar series and varieties.  Dick has been collecting and studying Reeded Edge Halves for fifteen years and is preparing a book for publication on this under-served area of numismatics.  Dick can't promise that the book will be completed prior to the Summer ANA, but he is working diligently on the project (I got to see a bound draft at the FUN Show!).

Sunday, January 8, 2012

JR Newsletter: 8 January 2012 (70)

Louis Scuderi wrote on three bust dime topics:

Some points on the new 1827 JR14 bust dime: Everything matches up except the top of the 1 in the denomination. Can we get a better image of the reverse from Rich Uhrich or at least can we get some confirmation that the top of the 1 is actually flat like in the discovery specimen? Did anyone else notice this?

Additional data on the 1829 JR10 Curl Base Two dimes: Since my article came out in the John Reich Journal, I have confirmed five (5) additional specimens. Two are held by JRCS members and amazingly three additional new specimens have appeared. Two on eBay (one of which was a Buy It Now at $1999.99) and one in a dealer's inventory. That raises the total number of actual confirmed/documented specimens to 40. An additional specimen that I have not seen for a while is closing on eBay this evening (Jan. 6, 2012). I have talked to a high end type collector who tells me he knows of several (all lower grade) in type collections. Hopefully I can get him to give me more information about these additional specimens. I can provide images of each of them for posting for the newsletter but don't want to fill up your inbox. For now I've provided images of the eBay Buy It Now specimen. If anyone knows of additional specimens please provide me with information and images.

Editor's note:  Click on the image to enlarge it.


Some thoughts on the 1821 JR1/2 obverse: I agree with Mike Sherrill. Obverse 1 for 1821 definitely raises some questions about a possible remarriage. I can't ever remember seeing one without the crack and of the four 21JR2's I've owned two seem later than the latest 21JR1's that I have seen. Problem is getting well enough struck and high grade coins to make the remarriage call.
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Richard Meaney wrote:


I hope to hear from other collectors and maybe a few dealers on their impressions and experiences during the FUN Show.  I must have looked at a couple hundred capped bust half dimes and was unable to find even one for my collection.  Certainly, this has something to do with the state of my collection, but one can always try!  Fortunately for me, I also collect classic head large cents, so I looked at a lot of those too.  I rejected most specimens even without asking a dealer to remove them from the case for closer inspection.  Those that did look decent from afar were disappointing once I had them in hand.  On my last day at the show (which was Friday), my persistence paid off and I found a really nice large cent for my collection.  I have provided an image of my "keeper" from the 2012 FUN Show:



Sunday, January 1, 2012

JR Newsletter: 1 January 2012 (69)


Richard Meaney wrote:  BIG NEWS!

I received a telephone call from Rich Uhrich a couple of days after Christmas.  He told me he had big news for bust coin collectors and wanted the news first published in the JR Newsletter.  Rich has a client (who wishes to remain anonymous) who recently came across an 1827-dated bust dime which he could not attribute using "Early US Dimes."  The client sent Rich the coin for attribution.  Upon receipt, Rich confirmed that the coin looked like an 1827 JR-14, which is the most recently-discovered bust dime marriage.  Rich sent pictures of the coin to Brad Karoleff, who confirmed Rich's attribution.  So now there are two known 1827 JR-14 dimes!  Rich provided me with images of the newly-discovered 1827 JR-14 dime and those images are below (click image to enlarge).  Rich Uhrich will have the coin on display at his table #310-312 at the FUN show.  The owner of the coin is undecided on selling it at this time.



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From the official FUN Show schedule:

The John Reich Collectors Society will have a "regional meeting" at the FUN Show.  The meeting will be held on Friday, January 6, 2012 from 2:00-3:30 PM in Room S330E.  Dr. Glenn Peterson has graciously volunteered to host the meeting.  All JRCS members, prospective members, and other interested persons are welcome to attend!

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Brad Karoleff wrote:

We have an opportunity to have another "regional meeting" of the JRCS at the Whitman Baltimore Show in March.  The schedule has not yet been determined, so if JRCS members have a preference as to date and time, please write in to the JR Newsletter or contact Brad Karoleff to let your preference be known.  Currently, clubs with scheduled meeting times include Liberty Seated Collectors at 9:00 AM Friday, Barber Coin Society at 3:00 PM on Friday, and the Early American Coppers Society at 1:00 PM on Saturday.  I suggest we have a cut-off time of having a meeting no later than noon on Saturday to allow people to make reasonable plans to depart the show.

So, if you want to have a meeting and have a preference for date/time or would like to present an educational program at the meeting, contact Brad Karoleff or reply to the JR Newsletter. 

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 Jeff Reichenberger wrote:

Another outstanding JR Journal came to my mailbox this past week, just in time for the holidays. Hats off to the authors and editor. Great articles throughout the issue!

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Robert Willems wrote:

I am sending a quick message to ask people who submit photos to the JR Newsletter to try to avoid submitting photos that have a black background.  I suggest using a white background so that those of us who like to print such photos won't consume a lot of black ink when the pictures are printed.  Thank you!

Robert Willems
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Mike Sherrill wrote:

Hi, this is another response to the question about 1821 JR1 and JR2 dimes with die crack at S1-S2.

I seem to recall at least one example of 1821 JR1 without any die crack between S1 and S2. Unfortunately I did not make any notes and so I understand this is not very helpful. It seems possible a hairline crack existed in the die before commission, but because the crack occurs where the die bulge later develops, my feeling is the crack occurred soon after commission at an area of greatest stress.

I haven’t seen any examples of JR1 or JR2 that would place JR2 first in the emission order. However, examples of JR1 exist that look like they are struck after JR2. Below is a scan of an interesting late example in my collection. 



The area of weakness on the reverse at D STA corresponds to the area between the date and S1 and is not directly opposite that mess on the obverse.

Perhaps a remarriage of 1821 JR1 occurred. Or maybe some/most of the die crack and die bulge were removed by lapping prior to striking of JR2. A similar situation occurred with 1820 JR1. There is a second die bulge on some 1820 JR1s at S3-S5 that I don’t see on JR4 and was apparently lapped away.

Mike

Wednesday, December 21, 2011

JR Newsletter: 21 December 2011 (68)

This week's edition of the JR Newsletter is early in recognition of the upcoming holiday weekend.  Some interesting stuff is here for you to chew on over the course of the next week and a half!


Rich Uhrich wrote:

In response to Steve Kawalec:  I have copies of "Federal Half Dimes 1792-1837" in stock.  My website is http://www.richuhrichcoins.com/category.php?cat=18

Rich
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Brad Karoleff wrote:

 The latest issue of The John Reich Journal ( 21/3) was mailed on Saturday. Members should begin receiving their issues in a few days. Included inside the journal are two inserts.  The first is an addenda page to be inserted in your last issue updating the article by Bradley Higgins. I inadvertently only printed part of his delivery warrant chart. This addenda will complete the article. The other insert is the dues notice/Reiver award voting ballot. Please send a check to Steve and remember to vote for your favorite articles at the same time.

There are a couple of important things about the dues notice. Life members, of course, do not have to send a renewal check. Life members' mailing labels have LM on the upper right side. Life members should return the ballot to Steve. Members who are already paid for the next issue will have a black sharpie line through the dues renewal portion. Please vote for your favorite articles. All other members should not only vote, but send a check to Steve (PAYABLE TO JRCS) for $25 to continue their membership.

I also read that Steve Kawalec was looking for a copy of the half dime book. I have a few remaining for $150 plus postage. I can be reached at jrcs19 (at) yahoo.com if anyone would like to order a copy.

I also did not see any suggestions for die marriages to study at the EAC/JRCS convention in Buffalo. Please consider attending and let us know which coins you would like to see there.

Brad

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 Van Walworth wrote:

 Responding to the question about 1821 JR-1 & JR-2 dimes with a die crack between S1 & S2...

I have two specimens of JR-1, both coins in G - VG condition.  Both coins probably had the S1-S2 die crack but it progressed to the point it became a die bulge and virtually obliterates S2 and most of the field between S1 & S2.  

I also have three specimens of JR-2 that seem to indicate and represent three different die states.  I consider one JR-2 in VF condition to be a potential early die state because it has a very faint die break evident extending less than half way from the outside point of S1 toward the outside point of S2.  I consider a second JR-2 to be a potential mid-term die state because the die break extends between the outside points of S1 & S2, but the field has begun to bulge away, even though S1 & S2 are still in good detail.  I consider a third JR-2 specimen to be a potential late die state because the die break between S1 & S2 has become a bulge that obliterates the field and most of S1 & S2.

It is interesting to me that my JR-2 specimen I consider to be a potential late die state is in virtually identical condition to both of my JR-1 coins.  The die crack and subsequent bulge is identical looking in most every respect.  This is curious to me because I assume there was some die repair or refurbishment of some kind after the completion of minting JR-1 and before the minting of JR-2... otherwise some JR-2 strikes took place before and/or during the JR-1 minting efforts.

Van Walworth JRCS#1300
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Courtesy of the "E-Sylum" you can click on the following link to read about early United States Half Dimes that circulated in Cuba after the Spanish-American War:  http://www.coinbooks.org/esylum_v14n52a21.html


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From the editor:  The next issue of the JR Newsletter should be out on schedule (Sunday, January 1, 2012)

Sunday, December 18, 2011

JR Newsletter: 18 December 2011 (67)

Winston Zack wrote:

Has anyone seen an 1821 JR-1, or even JR-2 Dime without the obverse die cracks through at least stars 1 and 2?  Or does it seem that this obverse die was already cracked by the time it was put into use?
 
Thanks,
Winston
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Steven Kawalec wrote:

Does anyone know where I can find a copy of "Federal Half Dimes 1792-1837".  All I have is the Valentine book which isn't much help.  I would like to thank Richard Meaney's comments and photos of the reverses.  They were a huge help and I would like to have a copy of the book.
 
Thanks to all and happy Holidays,
Steven Kawalec