The JR Newsletter is the official e-newsletter of the John Reich Collectors Society. The purpose of the John Reich Collectors Society (JRCS) is to encourage the study of numismatics, particularly United States gold and silver coins minted before the introduction of the Seated Liberty design, and to provide technical and educational information concerning such coins.
Sunday, January 1, 2017
JR Newsletter: 1 January 2017 (325)
A contribution from David Finkelstein leads this week's JR
I will be providing two mini presentations at the JRCS
meeting at FUN (JRCS meeting is on Friday, 6
January from 9:00-10:30 in room 124):
information regarding the coining operations and workflow of the first United
2. New (?) information on the delivery and distribution of
the 1794 Dollars.
David Perkins wrote:
The Lester Merkin June 15, 1974 Mail
of THE AL C. OVERTON REFERENCE COLLECTION OF BUST HALF DOLLAR VARIETIES
While many Bust Half Nut Club members,
Numismatists, and early half dollar collectors may be aware of this June 1974
Mail Auction Sale, I was not. I was excited when I came across this sale
while having fun searching the Newman Portal over the holidays. For those
who did or didn’t know about this sale and don’t own a copy you can find a scan
of the catalog in the Newman Portal archives at https://www.archive.org/stream/alcovertonrefere1974lest#page/n0/mode/2up
The cover page for the sale states that it is
the “Mail Auction Sale” of THE AL C. OVERTON REFERENCE COLLECTION OF BUST
HALF DOLLAR VARIETIES. The closing date for the sale was Saturday, June 15, 1974. This
sale took place after the first two editions of the Overton book had been
published. The introduction by Lester Merkin on page 3 of the catalog
AL C. OVERTON REFERENCE COLLECTION OF BUST HALF DOLLAR VARIETIES
The collection of bust half dollars being offered here was acquired over
many years by Al Overton in order to aid in his compilations of the recognized
references “Early Half Dollar Die Varieties”, first edition (1967) and the
revised edition (1970). In order to complete the references, Al estimated
that over ten thousand lettered edge half dollars were closely examined,
checked and compared.
The rarity ratings in this sale ranged from R-1
(Common) to R-7 (With 4-12 examples known). The rarity ratings for he R-5
to R-7 die marriages are all highlighted in bold (as R5, R6, and R7).
As you look through this catalog the large number of R-5 to R-7 marriages stand
out. They were fun for me to see in a sale as these rare to extremely rare
marriages aren’t offered every day!
Many collectors enjoy owning plate coins from
the leading references for a particular series, myself included. As a
Professional Numismatist, plate coins have always done exceptionally well in my
Fixed Price and Sealed Bid Sales. Plate coins typically sell at a premium
over coins that are the same die marriage and grade. As a collector of
the early dollars 1794 to 1803 by die marriage, I own or have owned plate coins
from the Bolender reference (1950), the first edition of the Bowers silver
dollar book (1993), and the second edition of the Bowers book (2013).
I’ve provided a photo of the Bolender
Plate Coin for the obverse of the 1798 B-16, BB-110 silver dollar die
marriage. This coin grades PCGS AU55 and is the second finest example of
this die marriage known to me, with one Mint
State coin known, grading PCGS MS62
CAC. This coin was part of the Warren
Miller Collection, and was first identified by James Matthews as the Bolender
Plate Coin while five early dollar collectors were playing “Early Dollar Whist”
on June 10, 2006 “somewhere
out East.” [For more on this event please see the article “Old Dollar
Whist” by Bill Luebke in the John Reich Journal Volume 17 / Issue 2, August
2006, pages 35-38.] This was a fun day for all, and Bill did a great job
writing about our Whist game in his article.]
Plate Coins in the June 1974 Overton Reference
Collection sale were also highlighted in bold, and as such they stand out
clearly in the catalog. They were labeled PCE1 (Plate Coin Edition
One.) and PCE2 (Plate Coin Edition Two.).
I invite stories comments on this sale
and article. Is there anyone that was around 42 years ago and
remembers this sale? Or has a souvenir or story from it?
[Despite the sale title and Lester
Merkin’s introduction, I don’t believe this was Overton’s primary half dollar
collection as the main collection was eventually sold by Sheridan Downey.]
Comments on this subject are also welcome.
Here is an additional note from David Perkins concerning the
For those attending the FUN
Convention in Ft. Lauderdale
next week, W. David Perkins and Gerry Fortin will have Tables 1825 and 1827 at
the show. We will have a large selection of better Bust and Seated
coinage. Please stop by and see us.
Here are the links to our websites for a
preview of what we will have at the show: