Sunday, August 24, 2014

JR Newsletter: 24 August 2014 (203)

We have two contributions this week.  The first is from David Perkins.  A bit of explanation is in order before sharing what David wrote.  The JRCS Hall of Fame (http://www.jrcs.org/halloffame.html) currently lists honorees by name only.  The Board of Directors of the JRCS decided that we would provide biographical sketches of each honoree so that fellow collectors and other members of the public would be able to read about each member of our Hall of Fame.  David Perkins wrote the first biographical sketch and this information on JRCS Hall of Fame member (in the Veteran category) J. Colvin Randall will be published on our JRCS website.  Here's what David Perkins wrote:



J. Colvin Randall



Relatively little has been published over the last century pertaining to J. Colvin Randall.  Randall was a Philadelphia rare coin dealer and collector, starting as best we can tell in the late 1850s to early 1860s. Rather than host his own sales he typically consigned coins to other auction houses of the time; his name appeared on numerous sales from the 1860s until approximately 1885 when W. Elliot Woodward cataloged the Randall Collection of gold and silver coins for sale at public auction by Bangs & Co. of New York City, NY.



Woodward noted in the Preface to the Randall sale catalog, “Handling vast quantities of coins, he has for the last twenty-five or thirty years been a most earnest and persistent collector, and has make it a constant practice to reserve the finest and rarest pieces which have fallen into his hands during all this period, until his collection is now unrivalled in those specialties to which he has given particular attention,-notably the gold coins and the larger coinage of silver.  The collection now offered for sale is remarkable in these particulars:- First, for variety…Second, for condition….Third, Rarity.” 



Randall was one of the first numismatists to classify and collect the early U. S. silver dollars, half dollars and quarters by die variety.  In fact, many researchers today believe Randall was responsible for much of the research that was published as the Haseltine Type Table Catalog for early silver dollars, half dollars and quarters.  There is ample evidence of this, with R (Randall Numbers) and HR (Haseltine-Randall Numbers) having been used in auction catalogs prior to the 1881 Haseltine Type Table, along with publications stating that Haseltine and Randall were “engaged in a descriptive list of the United States Silver Dollars, Half Dollars and Quarters, a work and thorough knowledge of the subject eminently qualifies them.” 



Randall passed away in 1901. The December  1901 issue (Volume 14, page 341) of The Numismatist under the heading “Obituary Notes” states,


The old veterans are passing away.  From The Curio, published by Chas. Steigerwalt, we extract the following:  “J. Colvin Randall, the old-time dealer, passed away during last summer.  Mason died in September.  Both had reached a good old age.  Through Randall’s hands in bygone years passed many of the finest gems that now grace the older collections.”
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The second contribution is from Peter Mosiondz, Jr.



Please list these in the next available JR Newsletter




History of the First United States Mint, Frank Stewart. 1974 Quarterman reprint of the 1924 original, 209 pp. Hardbound. DJ in Mylar®.  New.  $15.00

Walter Breen’s Complete Encyclopedia of U.S. and Colonial Coins, Walter Breen. New York: FCI/Doubleday (1988). Ex-Library but clean and no markings. Tight and clean. Hardbound.  DJ in Mylar®. Very Fine. $125.00

The United States Half Dimes, David W. Valentine. 1975 Quarterman reprint of the 1931 original incorporating additional works by Newlin, Breen Davis, and Ahwash, 273 pp. Hardbound. DJ in Mylar®.  New. $15.00

United States Early Half Dollar Die Varieties: 1794-1836, Donald L. Parsley. The new 5th edition (March 2014). 702 pages. Hardbound. DJ in Mylar®.  New. $50.00

The Expert’s Guide to Collecting and Investing in Rare Coins, Q. David Bowers. Hardbound. DJ in Mylar®. New. $12.00

Coins and Collectors, Q. David Bowers. Softbound. New. $10.00

Abe Kosoff: Dean of Numismatics, Q. David Bowers. Softbound. New. $15.00

The 1933 Double Eagle. Stack's/Sotheby's Auction Catalog  New York July 30, 2002. Original blue leatherette decoratively blind stamped, upper cover and spine lettered in gilt; faux marbled end sheets; original printed card covers bound in. One lot. 56 pages. Illustrated  throughout, largely in color. Special Hardbound edition of this famous sale. New. $19.00

Illegal Tender: Gold, Greed and the Mystery of the Lost 1933 Double Eagle. David Tripp. 363 pages. Softbound. New. $10.00

Payment by check. Add $3.00 Media Mail postage on all orders.

Peter Mosiondz, Jr.
26 Cameron Circle
Laurel Springs, NJ 08021-4861
Phone: 856-627-6865
E-Mail: choochoopete(at)comcast.net

Please call or e-mail to confirm availability prior to mailing your check.




Sunday, August 17, 2014

JR Newsletter: 17 August 2014 (202)



We have a number of interesting contributions this week.  You will want to read every single one of them.  I guarantee you will not be disappointed!  Perhaps the variety of contributions will encourage a few more contributions for next week?

First, from JRCS President Brad Karoleff:

Nominations for the JRCS Hall of Fame class of 2015 are now OPEN

The membership is encouraged to send nominations for the Hall of Fame at any time. You can nominate candidates for either the veteran (those who contributed before the advent of JRCS) or the modern (those who have been members of JRCS) categories. Please include any pertinent information about the nominee that you feel necessary. Nominees will then be voted on by the HOF committee and the inductees will be announced at the annual meeting at the ANA convention in the summer. We look forward to seeing your nominations!

Please forward your nominations to bkaroleff(at)yahoo.com or to jrnewsletter(at)jrcs.org or to any of the other members of the JRCS board of officers.

Brad Karoleff
------

Dave Shirlen wrote:
 
I enjoyed reading the account by the "Easton Collection" owner of the ANA show and JRCS meeting, especially the account of the 11 year old attendee who collects bust halves by Overton.  I had a similar experience at a show last weekend in Statesville, NC.  I observed a boy aged 12 purchase a VF capped bust half dime from a dealer.  The dealer was very gracious with the boy, asked him some questions, and told him to always make sure to ask for the "YD"?  When the puzzled boy asked "what is that," the dealer said that is the "youth discount" and that many dealers will give it.  He sold the coin for a nicely discounted price to the boy.  I then asked the boy why he chose that coin.  He gave a great answer about wanting something old, wanting history, and wanting something with good quality.  He then showed me the coin and started describing its detail attributes.  I asked what else he has collected, and he had a number of bust coins.  And, by the way, he buys the coins using money he earns from summer jobs such as lawn mowing. 

The story made my day.  Since I collect dimes, quarters, and halves, I was able to show him a few interesting coins I had with me.  And I made the boy a deal.  I told him to keep doing what he is doing - that he will love it for life - and in exchange for that promise I gave him a duplicate half dime, in fine, that I had with me.  I could have sold it to a dealer for $50, but giving it to this boy was the best expenditure I've made at a show in a long time.  With that said, I issue this challenge to the readers.  Just once in the next couple of years, if you see a kid at a show, take the same opportunity.  You will leave the show happy.  The hobby will be much better for it.  And it will be something infinitely better to discuss, and infinitely more healthy for a hobby that has morphed from collecting coins to collecting pieces of plastic that describe coins, than something about how "on the 37th attempt [insert grading service name here] upgraded a coin from an AU55 to an AU58 (and its really neither) and isn't that grand...."

Dave Shirlen
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David Sunshine wrote to share a link to a COIN WORLD article on the recently completed W. David Perkins sealed bid auction for half dimes.  The article highlights the unique 1800 LM-2 half dime with obverse cud and its sale price of more than $19,600.  The link to the article is here:  http://www.coinworld.com/insights/1800-draped-bust-half-dime-with-full-obverse-cud.html

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Winston Zack wrote:

Hi all,

I am finishing up an analysis on Cuds on early U.S. silver Bust coinage, and I would like to add some more relevant background information...if possible.

I am looking for information and/or references which talk about the dies used at the U.S. Mint from 1793-1840 (or thereabouts). More specifically, and if possible, I am looking for information related to die hardness and frequency of die breakage.

Feel free to contact me at my email: stoneman101(at)gmail.com

Thanks in advance,
Winston Zack
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Garrett Ziss contributed the following, based on his experience at the ANA show:

I am a new Capped Bust half dollar collector and was happy to be able to attend the ANA convention last week in Chicago.  I was a bit nervous about attending my first JRCS meeting, but found out right away that there was no reason to be nervous because everyone was very friendly and helpful.  Something that might be useful for new collectors to know, is that even if you do not qualify to belong to the Bust Half Nut Club, you are welcome to attend their afternoon meeting at the convention. The same goes for the Bust Quarter Collector Society Meeting, so if you go to the ANA convention, you can actually attend 3 meetings on Bust coinage.  I thought that all 3 meetings were very educational (even though I do not collect Bust quarters).

My Bust coinage education did not only happen at the JRCS-related meetings in Chicago.  It also happened on the bourse floor. There were several Bust coin dealers who were selling coins on the bourse floor.  Every time I walked past one of their tables, there was at least one (and usually more) JRCS member either helping the dealer, buying coins, or just hanging out and chatting.  Just listening to the conversations was educational and it also showed that JRCS members are collectors AND friends.  

I would like to thank all of the JRCS members who shared their time, information and resources with me at the convention. I learned so much from attending the convention and talking with other JRCS members, so I would encourage other new collectors to attend a future convention as well. 

Garrett Ziss

Sunday, August 10, 2014

JR Newsletter: 10 August 2014 (201)



Welcome to what I expect to be just the "early post-ANA" edition of the JR Newsletter.  I expect some other weary coin collectors may soon find the time to send something in to the newsletter for publication later this month.

First up, something from Winston Zack:

Coins and chaos!

Yes, by now I'm sure you heard that there were hundreds, maybe thousands of people lined up for half a mile (or thereabouts) to acquire the Gold Kennedy Coins and then flip them for a quick profit; some people even camped out for 17 hours, lining up at 6 PM the previous evening only to be let in and acquire the coins the next day around 10 or 11 AM! This all caused chaos from Tuesday until Thursday, until it was finally shut down...thankfully...but still too late in my opinion!

Now to the REAL coins...the Busties!

It was great to see so many familiar faces at the JRCS meeting, as well as meet some people I only previously knew by name or reputation. David Finkelstein gave a great presentation on early Mint Delivery Warrants. And, among other reported news, it was asked that if anyone from the JRCS organization has the website making skills that our JRCS website be revamped and updated out of the web-stone-age.

For me, this was my first big show I've attended since last year's ANA, so it was fun to look at so many coins. My research/collecting interests have shifted a bit in the last year or so to early American contemporary counterfeits of the Bust and Seated type (including gold) - otherwise known as the first 100 years of Federal coinage (1792 - 1891). I acquired about 40 contemporary counterfeit new purchases at the show, which was quite an unexpected but pleasant surprise. I saw some truly fantastic coins on the bourse floor as well as at lot viewing. I briefly attended the auctions on Thursday night to see a couple coins sell for $1m+. And I had one of my most enjoyable shows in quite a while. This hobby really has some great people in it who just enjoy sharing their knowledge and interest in numismatics.

Winston Zack
------

Next, a report from the owner of the "Easton Collection"

My ANA experience this past week was one of the best – I really can’t remember a better ANA. I start on the negative side – The distribution of the Kennedy coins were a disaster-  in that a lot of non-collectors were lined up outside the show at 3pm the day before, by 8pm the line was over 100 people long and by the next day it must have been over 1,500 people long – though I never took a head count. Really never felt their presence at the show as they were never “on the bourse Floor” – they entered through a separate entrance.

On a more positive note – David Perkins auctioned off some really special, great looking and rare bust half dimes – I wasn’t able to pass these coins up so I got several for my collection – Thank you and Great Job – David!

The JRCS meeting was very well attended. In the beginning of the meeting, each one of us introduced ourselves, and two very cool things happened worthy of pointing out – John McCloskey was there and stated his resume – Past president of JRCS, one of the authors of the Early US dime book and bust half dime book.... a really WOW experience having him in the room – I did get a chance to speak with him on the bourse floor and boy oh boy he is brilliant! Besides that, in attendance was a 11 year long boy who introduced himself and indicated that he collects busf halves by Overton and he wants to learn as much as possible and hear stories about Julius Reiver.  Afterward, I spoke to him and he has a great knowledge of bust halves – a future hall of famer IMHO! I saw several members speaking with him telling him stories about Reiver and asking questions about Overton die marriages – I think he got all the questions right!

David Finkelstein's lecture was very interesting about learning about the early stages of the US mint.

On the bourse floor- Sheridan Downing conducted one of his sealed bid auctions and it had a lot of great coins and I had to pick one up- I bid somewhat aggressively for a 1819/8 bust half O 102 in AU55. The coin is really great looking and it was worth the bid – great looking coin and happy to get this one.

I attended one forum with David Bowers, Harvey and Larry Stack talking about collecting in the “good Old Days.” They identified several very interesting differences between the newer collectors and “older” collectors:   that collectors tended to collect and hold many different series and sold much later on in the lives – sometimes holding on to their collection for over 30 years and longer – Eliasberg, Norweb and Garrett for example. The newer collectors tend to complete a series to its completion – say 3 to 4 years or so, enjoy it for a year then sell and go on to the next series. One reason is their interest in collecting other series that may interest them.  

A dear collector friend of mine that is a member of the JRCS was able to cherry pick a rare die marriage for my bust dime collection and that was really special! Not many people would do that and I would like to thank him for this – we agreed to keep this die marriage and name quiet at this time.

Lastly, I would like to thank PCGS for presenting to me a 2014 top classic set award for my bust dimes registry set.

Many reasons why we should be attending these great shows  - thank you to everyone that I met and spoke to for making this experience the best!

Easton Collection

Editor's Note:  We will be waiting to hear about that bust dime cherry pick…at least the die marriage and grade!  Thanks for sharing.
------

Our final contribution for this issue comes from Steve Gupta:

Fred Lake is offering copies of Early United States Dimes:  1796-1837 (Lot C41) and Federal Half Dimes:  1792-1837 (Lot C58) in his 119th mail bid sale (http://www.lakebooks.com/index.html).  These books have been invaluable to me as I have begun my studies of this series in particular and early silver coinage in general.

I have had the recent good fortune of acquiring a plate coin from Federal Half Dimes.  With some diligence a plate coin from Early United States Dimes may one day be in my collection.

Steve Gupta
JRCS #1425
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Editor's closing note:  I had the pleasure of being in Rosemont from Monday through Saturday of the ANA.  I helped both Rich Uhrich (http://www.richuhrichcoins.com) and W. David Perkins as a table assistant, plus had a day mostly on my own to wander about the bourse.  I will share more on my experiences in a future issue of the JR Newsletter and will soon begin to write an article for the John Reich Journal about the Perkins Sealed Bid Auction for Capped Bust Half Dimes.  Suffice to say, helping both dealers was a blast!

Sunday, August 3, 2014

JR Newsletter: 3 August 2014 (200)



We have one contribution this week, from Steve Crain:

When I saw these on eBay, I thought that some JRCS member would love to have one or both. A seller has new or like new copies of both the half dime book and the dime book, to be sold separately or together. The half dime book can be purchased for $159.00 and the two in combination for $329.00 according to a note in the listing. I am not the seller, nor do I have any ownership in the books. I do not even know who the seller is, but I know that many members have expressed interest in locating copies of the books.

Sunday, July 27, 2014

JR Newsletter: 27 July 2014 (199)



We have one contribution this week.  David Perkins wrote to tell us about a fixed-price sale and a sealed bid auction for early half dimes that he is holding now through the upcoming ANA show:

I will have table #835 at the 2014 ANA Convention in Rosemont, IL.  I am sharing a corner table with Gerry Fortin, who many of you know specializes in Seated Dimes and Quarters as well as other Seated and Bust coinage.

 Most of you who collect the early Draped and Capped Bust half dimes are well aware of Part II of the Extraordinary Half Dime Sale underway now, with a large number of fixed prices lots as well as a special 19 Lot Sealed Bid Auction sale that closes 6PM Friday night, August 8, 2014.  In this sale are early half dime rarities, rare and late die states and cuds, coins from the Reiver and Logan Collections, as well as relatively common marriages in VG through MS65.  The coins offered in this sale are from three different JRCS collections.  Any JR Newsletter reader is welcome to view and study the lots.  Please contact me if you would like a copy of the fixed price list lots and the Sealed Bid Sale lots, or if you have any questions.  One highlight of the Sealed Bid Sale is an 1800 LM-2 half dime in a unique, late die state – the cover coin on Volume 24 of the John Reich Journal.  Many of you have viewed and studied this coin at my table over the last year.  It is a great coin.

 As always, I will have a nice selection of better Bust and Seated coinage, from half dimes to Dollars, including a new example (per Lou Scuderi) of the rare 1829 JR-10 Curl Base 2 Dime in PCGS VG08 CAC,  an attractively toned 1822 Quarter in PCGS VF30, numerous early Flowing Hair, Draped Bust,  Small Eagle and Draped Bust, Heraldic Eagle dollars including fresh example of the 1797 B-3, BB-71 Dollar in PCGS AU53 and a 1799 8X5 Stars Dollar in PCGS AU53.  Capped Bust Half Dollar collectors will enjoy a newly acquired and nicely toned small group of Capped Bust Half Dollars and Seated Dollars recently purchased in Europe.

I will have a few extra copies of a two part article I co-authored for the Coin Dealer Newsletter (Greysheet) with Mark Ferguson on the early U.S. Silver Dollars 1794-1804 if anyone would like to see it.

See you in Chicago! 

Thanks.

W. David Perkins, Numismatist
Centennial, CO
wdperki(at)attglobal.net

Sunday, July 20, 2014

JR Newsletter: 20 July 2014 (198)

Brad Karoleff wrote with some good news for members of the John Reich Collectors Society:

The latest issue of the John Reich Journal was mailed on Saturday, July 19.  Members should receive it this week. Anyone not receiving their journal after 10 days should notify me via email at bkaroleff(at)yahoo.com

I hope to see many of you at the upcoming ANA show. Remember our annual meeting Wednesday morning (August 6th at 8:00 AM in room 22 of the convention center).



Brad

Sunday, July 13, 2014

JR Newsletter: 13 July 2014 (197)

This week, we have contributions from Glenn Peterson and Steve Tompkins.  First, Glenn wrote:

Hi JRCS members,
 
   I am looking forward to ANA this year in Chicago. I am coordinating several of the meetings so I want to announce these meetings. 
 
BHNC open meeting (everyone invited to participate) will be on Thursday August 7th at 2:00 pm in room 42. After greeting members and guests we will have a program on double struck bust halves. I will be presenting the study of the double profiles and  have found some interesting facts regarding the double profile halves. Please come and engage in the discussion about how the mint came to produce these interesting coins. After the meeting we will have a die state study of 1827 bust halves part 2 O-125 and above. 
 
Bust Quarter Collector Society will meet on Wednesday August 6 at 2:00 pm in room 40.
 
John Reich Collector's Society will have it annual meeting Wednesday morning August 6th at 8:00 AM in room 22 of the convention center.  David Finkelstein will be giving an educational presentation at the JRCS meeting.
 
     Please come to the annual meetings -- I look forward to visiting with everyone. Friendship in the numismatic community is what I value most in the hobby! 
  
Glenn Peterson MD 
 
Editor's Note:  The complete schedule, with subject matter, time, and location, for all of the "official events" at the ANA World's Fair of Money is available online at the following link:  http://worldsfairofmoney.com/schedule.aspx
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Steve Tompkins wrote with an announcement:
 
 
Auction Appearances & Prices Realized
for Early United States Quarters 1796 - 1838
Vol.5-1

By Steve M. Tompkins

NOW TAKING PRE-ORDERS!!!

The 5th edition of Auction Appearances & Prices Realized for Early United States Quarters 1796 - 1838 or the AAPR is at the printer! They should be ready just prior to the ANA.

This compilation encompasses over 6000 auction listings and almost 200 pages, from over 10 years of study and research, and up to 20 years of statistical information relating to the individual die marriages found in the Bust Quarter series.

Listed on each page you will find much more than just a list of auction appearance and what that particular coin sold for. You will also find a listing of the grading service and the unique serial number given to each coin when available, as well as die stage information and cataloger comments. All grades from all die marriages of the Bust Quarter series from 1796 to 1838 are included in this list.

Some of the benefits include: Tracking pedigrees and price fluctuations. An updated condition census for each marriage. See rarities of both the whole die marriage and grade rarities within each die marriage. Track the price differences of  NGC & PCGS, as well as the addition of a CAC sticker. All for less than a tank of gas!

$35.00 delivered...

To order, please send payments to:

Steve Tompkins
P.O. Box 844
Peculiar, Mo. 64078

Or feel free to e-mail any questions to: smt115(at)aol.com


Editor's Note:  Steve sent along some cover artwork and a sample page from the AAPR and I have provided those below.