Sunday, August 18, 2013

JR Newsletter: 18 August 2013 (153)



Raymond Hale wrote:

I just read Glenn Peterson's note regarding his upcoming presentation at the BHNC meeting. Are these presentations recorded? I am unable to attend, and would enjoy learning about the remarriages of which he speaks. It would be great if I could buy a recording or a transcript.

Thanks,
Raymond Hale

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A note from the editor:  I had a great time at the ANA Show.  Many highlights and comments, here's a brief summary:

-I had the opportunity to view Glenn Peterson's extensive collection of Capped Bust Half Dollars
-Traffic in Chicago is something I am glad I do not have to deal with but once per year
-David Perkins had a display of Capped Bust Half Dimes that was beautiful
-I sold a bunch of coins (trying to raise money for a goal my family is working toward) and the dealers and collectors that bought the coins made the transactions easy
-I worked "behind the table" a couple of days for Rich Uhrich Rare Coins and had a great time.  I liked the perspective on the hobby that this role reversal provided.  Always enjoyable to work with Rich, plus his other table assistants Len Augsburger and Bill Bugert
-The JRCS "open house" on Thursday night was well-attended by collectors of all series of capped bust silver
-From my perspective, the interest in late die state capped bust half dimes – the coins with cuds – is pretty healthy.  There was demand from what I sold from my collection, what Rich Uhrich sold, and what I observed being sold or displayed on the bourse floor
-I talked with many other collectors and there were plenty of good coin stories to hear that came from purchases on the floor, the auctions, and potential sales/purchases in the future.  I would love to receive input from others for the JR Newsletter about some of the happenings at the ANA

Richard Meaney

Sunday, August 4, 2013

JR Newsletter: 4 August 2013 (152)



This will be the last issue of the JR Newsletter until post-ANA.  The next issue will be published on August 18th, 2013.
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Jim Matthews wrote:

After considerable consternation and thought I've decided to sell my first line die variety collection of early Draped Bust dimes. This has been a major focus of my collecting energies for many years, but the twists and turns of life have presented me with other opportunities which I believe are important to pursue at this time. Thus my favorite early dime collection will be auctioned off in less than two weeks at the ANA convention by Stacks-Bowers. 

Let me start by saying that the die variety set of early dimes offers considerable challenges, but also great opportunities. Having studied many advanced collections over the generations leads one to the conclusion of just how rare these early dimes are in high grades--major collectors with virtually unlimited resources were often unable to find high grade examples from this series of each of the dates. This fact to me reflects the rarity of many of these issues in high grade. 

The 1796 JR-5 I've owned twice, I purchased it when it appeared in an old time collection back in 1986, then sold it in 1993. This is the rarest obtainable 1796 die variety, and I consider it a strong "third" finest known. The Norweb example at MS-62 is arguably the finest of the variety, but I didn't feel it was the coin for me. I was offered the John Reich plate coin several years ago, but the pin scratches were just too distracting, although that coin is now PCGS AU-55 I believe. I've always felt my particular coin was the most wholesome example of the variety in high grade.

Several years ago the terminal die state of the 1797 JR-1 sixteen star dime came my way, and I was thrilled to obtain it. Only a handful of survivors show this degree of displacement on the obverse die, where the die was so severely cracked the date was a mere shadow--and this is certainly one of the last coins struck from this obverse die. Most examples known of this later die state are a combination of simple wear as well as softness in the date area from strike--with wear being the primary cause. This mid grade coin defines the later die state well. All known 1797 sixteen star dimes show a heavy die crack above the date, probably from the first coin struck--but the latest die states with the date virtually gone are indeed rare and terminal for the die pairing.

One of the greatest rarities is the 1798/7 Thirteen stars reverse dime. I purchased this piece in 2005 and nothing like it has been offered for sale aside from a couple of Mint State examples that are beyond the reach of most collectors. Perhaps 25-30 are known of the variety, and mine is a solid EF-45 coin by PCGS with a CAC sticker. Most of those known from these dies are in much lower grades.

Collectors who pursue these early dimes will notice those of 1802 as well, offered are a pleasing JR-2 example in EF-45 with the shattered reverse die state--one of the most spectacular die states in any denomination series (seen again on the 1803 JR-4 which uses the same reverse die in an even later die state!). The 1802 JR-3 is the Plate coin from the dime book, certainly one of the finest as well of this variety (believed to be second best behind an AU-55 example) that should not be overlooked. Notice in the regular auction session the 1802 JR-4 with the heavy obverse retained cud--this is a very rare die state with fewer than ten known--if indeed that many. 

Opportunities to purchase several condition census early dimes started to appear in 2004 when Ed Price began to sell some of his duplicates from his magnificent early dime variety collection. My purchases came to a crescendo in 2008 when the Price Collection was offered at auction. I decided to focus on the year 1803, where three of the most challenging varieties would be offered, each the finest known of the variety. For me, it was a situation of being able to buy only a few important coins, but I was able to complete my mission. At the Ed Price Auction I was able to secure the 1803 JR-1 in EF-40 which is tied for the finest known, the 1803 JR-2 finest known example and the discovery example of the JR-5 and the finest known, with just four pieces known today from those dies. 1803 has always been a favorite year of mine, known for the Louisiana Purchase as well as a midpoint in Jefferson's presidency. The United States was at a major point of growth as a nation as 1803 unfolded, and the symbolic purchase of land the more than doubled the land mass of this country seems a fitting event to mark the advent of great growth for our country. 

I've always known that an advanced early dime variety collection would take many years to assemble, and my collection represents a decade of opportunities that have come my way and my willingness to jump when the right coins became available. For any collector who understands rarity and condition, or has the desire to own Finest Known specimens and several Condition Census quality coins, this is a group that should not be missed.  

Of course there are many other great coins in the ANA auctions as well--such as both plate coins from the dime book of the great 1804 rarities from another collector are offered. In closing I obviously have a huge personal commitment to these early dimes and want them to go to appreciative homes of collectors who understand just how rare and carefully selected they were for my standards. 

Happy Hunting and I'm looking forward to seeing everyone at the ANA this month,

Jim Matthews

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Nathan Markowitz wrote:

I will be presenting a talk entitled:  "The JJ Collection of Early United States Quarters:  Fifty Years of Provenances Revealed" on TUESDAY August 13 at 4:00 PM in Room 13 (Numismatic Theatre, aka "Money Talks").  I invite all JRCS members interested in provenance research to share my story and input on this major collector of early quarters who has remained virtually unknown and who owned many important coins which may fill in your pedigree chains in your collections.

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Glenn Peterson wrote:

Hi JRCS members. I am looking forward to ANA. We will be having a meeting of BUST QUARTER COLLECTOR SOCIETY on Wednesday August 4th at 2:00 pm in room 6 (check your directory to confirm room number).  At the meeting I will be giving a presentation on the E and L quarters of 1815 and 1825. I hope you can come to the meeting. Next we will be having an open meeting (everyone invited) of the BUST HALF NUT CLUB on Thursday August 15th at 2:00 pm in room 6. I will be giving a presentation of REMARRIAGES OF CAPPED BUST HALVES including new information about the remarriage of 1828 O-118 and 1829 O-110.

Please join us at the meeting.

Glenn Peterson


Sunday, July 28, 2013

JR Newsletter: 28 July 2013 (151)

Bill Hancock wrote:

I really look forward to the JR Newsletter every Sunday.

I'd like to relay my 1821 JR-2 Bust Dime adventure of the summer.

About a month ago, I purchased an 1821 Bust Dime off ebay. It was in a PCGS holder marked JR-2. Of course I was severely disappointed because when it arrived, I realized it was actually an 1821 JR-4. I returned the coin and received a prompt refund. (I have since seen this coin on the dealer's website still in the PCGS holder).

About a week after the refund arrived, Kirk Gorman contacted me about a duplicate 1821 JR-2 he had for sale, of course, I was anxious to receive it.

It was a prized example in my collection for a week and a half. We have a small monthly local show, and about a week and a half after receiving Kirk's duplicate arrived, I cherried a really nice 1821 JR-2.

So it seems like May/June 2013 was my 1821 JR-2 adventure. And if you need a decent 1821 JR-2, I have one available for what I paid. You can contact me at orlandodefender (at) yahoo.com

-Bill Hancock

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David Perkins wrote:

ANA Convention Announcement from W. David Perkins

I will have Table # 1030 at the 2013 ANA Convention in Rosemont and would like to invite JRCS members to stop by.  I will have mostly early silver bust and Seated coinage for sale in my cases, along with some early copper and gold.  Early dollar highlights being offered from my collection include an attractive and very rare 1795 B-13, BB-24 Dollar R-5+ in NGC VF30, ex. Reiver, a beautifully toned 1798 B-1, BB-73 Dollar in PCGS AU50, ex. Benson collection sale and a lustrous 1799 B-15, BB-152 “Irregular Date, Reverse of 1798” Dollar in PCGS AU55.  I will have a very nice group of Capped Bust Half Dollars for sale (including a number of R-4 and R-5 die marriages), mostly in AU and Mint State Grades and including four different die marriages for 1820, one in AU55 and three in AU58 grades.  I have a nice 1821 “Small Date” Bust Dime in PCGS AU55. 

I will have the 1806 O-127a Half Dollar in PCGS VF-25 CAC which is being offered by me in a Sealed Bid Sale, one of the two finest specimens known for this R-6+ die marriage.  This Lot will be available Monday – late Friday afternoon for viewing during the ANA Convention.  The bidding will close on Friday at 6:00pm CST.  Please contact me via e-mail or phone for sale information and terms and I will forward this information to you. 

I will also have a numismatic display at my table, with three rare and neat late die state early dollars, a 1796 B-6, BB-64 Dollar (R-8, three specimens known to me) with a large vertical die break bisecting the right one third of the reverse, a beautifully toned 1798 B-16, BB-110 dollar in PCGS MS62 struck from the latest die state known, with a die break from the rim under the first obverse star to 179 in the date and large cud under the first star and in the field towards the date, and a lustrous 1798 B-30b, BB-116 late die state specimen in NGC AU58 struck from a shattered reverse die, with numerous breaks on both the obverse and reverse, including a “blob” like die break over the eagle’s right wing. 

The display will also include three rare and exceptional Early Quarter Dollars from the Three Sisters Collection, an 1805 B-2, R-4+ ex. King of Siam sale, a very original 1806 B-5, R-4+ and an 1828 B-3, “25/5/50 Denomination” R-5 quarter, ex. World’s Greatest Collection and James A. Stack, the plate coin in the Rea, et al. book.

For those who enjoy tokens and Exonumia, I will also have included in this display a group of gem condition Detroit Civil War Store Card tokens (150th Anniversary) along with an extremely rare and neat 1913 ANA Convention Badge (100th Anniversary), with an 1863 Detroit Civil War token on a chain connected to the ribbon and badge.   I will also have exceptional (including two unique) examples of rare Civil War postage stamp currency & scrip, and a beautiful Lesher Dollar in NGC MS-66. 

Please feel free to contact me if you would like additional information.

wdperki (at) attglobal.net

Thanks.
W. David Perkins

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David Quint wrote:

The dime census is back. Collectors of Draped and Capped Bust Dimes by variety are encouraged to submit their collections for inclusion. Please send your collection listed by variety and condition (spreadsheet preferred but not required) or questions to David Quint at dimecensus (at) yahoo.com

Thank you.
David Quint
(305) 341-3667

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Brad Karoleff wrote:

The latest issue of the journal has been mailed to the membership. If you have not received yours by the end of the week please notify me at bkaroleff (at) yahoo.com

We look forward to seeing you at the annual meeting of the society in Chicago on Wednesday morning August 14 at 8:00. David Finkelstein will be giving an educational presentation at the meeting. We will also be electing officers for the next year and announcing the HOF inductees.

Brad Karoleff

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Editor's Note:  The JR Newsletter will go out next Sunday, August 4 as scheduled.  If you have any ANA-related announcements, that will be the last chance prior to the show to have them published.  There will be no JR Newsletter on August 11 (I will be in Chicago -- if all goes as planned -- and am unable to send this newsletter while "on the road")

Sunday, July 21, 2013

Sunday, July 14, 2013

JR Newsletter: 14 July 2013 (149)



We have two contributions this week.

First, David Finkelstein wrote that he will discuss "The Colors Of Our Heraldic Eagle Silver & Gold Coins" as the educational presentation at the JRCS Annual Meeting at the Summer ANA Show in Chicago.

Also, David Perkins wrote to us concerning an article on early dollars that I am sure you will find fascinating:

The following article by W. David Perkins appeared in latest issue of The Asylum (Volume 31, No. 1, pages 3-20), the quarterly Journal of the Numismatic Bibliomania Society (NBS).   I have submitted for the JR Newsletter the text (pages 3-4) and first catalog listing and commentary from the article.  Auction sale coverage runs from Haseltine (1881) through more recent sales such as Luebke (2007), Queller (2008) and Hesselgesser (2011).
 If any JRCS Members or JR News readers would like a copy of this article along with the illustrations and the complete auction and FPL catalog listings please send a note to W. David Perkins at wdperki (at) attglobal.net and Dave will send you a PDF copy of the article, courtesy of himself and NBS.  Membership and other information on NBS can be found at www.coinbooks.org

Key Public Auction Sales and Fixed-Price Lists: Early United States Silver Dollars, 1794–1804, by W. David Perkins

I have been collecting and researching the early United States silver dollars dated 1794–1803 for over a quarter of a century now. A primary focus of my research has been the great collections and collectors of the early dollars.

Early dollars can be and have been collected in many different ways over the last 150 years or so. In the mid- to late 1800s, most collected simply by date. Others put collections together by type—different combinations of Flowing Hair and Draped Bust obverse dies mated with Small Eagle and Heraldic Eagle reverse dies, overdates, etc. Over time this evolved to what I term “date and major type.” Some focus their collecting on the major types and varieties listed in A Guide Book of United States Coins (the Red Book). Completing a collection of Red Book varieties is a formidable challenge, especially locating nice examples in higher grades. Today there are also PCGS and NGC registry set collections. Currently the ultimate achievement may be a collection of all 118 different die marriages—all the different combinations of obverse and reverse dies used in striking the early dollars. (The total of 118 does not include the “novodel” issues of 1801–1804.) Only one person ever has completed a set of all 118 known die marriages. A number of die marriages have only one specimen known, thus only one person can have a complete set of all 118 different die marriages at any one time. Assembling close to 100 or more die marriages is quite a challenge and in most cases takes many a decade or more to achieve.

 As collecting the early dollars evolves, perhaps the ultimate set someday will include advanced die states, mint errors, counterstamped early dollars, and all four proof “novodel” issues! Classifying and collecting early U.S. silver dollars by die marriage originated with Capt. John W. Haseltine and J. Colvin Randall prior to the publication of the 1881 Haseltine Type Table catalogue. The catalogue of the Messrs. Bangs & Co. auction sale of November 28–29, 1879, noted on page 7:
 Where a variety is designated by “H. & R.” and a number, it relates to number of the variety, fully described in a work on the types and varieties of the United States Silver Dollars, Half and Quarter Dollars, compiled by John W. Haseltine from his collection and that of Mr. J. C. Randall, to be issued in 1880.

 Lot 41 in this sale, for example, was cataloged as “1795; wide date; one point of star touches the curl nearly at the end; reverse has 19 berries; very fine; H. & R., No. 1.” (For additional information on this subject, see Charles Davis, “The Randall Haseltine Type Table,” The Asylum 9 no. 4 (Fall 1993), pp. 17–19.)

 Despite this statement, as many numismatists know today, Haseltine offered his personal reference collection in the Messrs. Bangs & Co. Type Table sale of November 28–30, 1881, where the collection was catalogued using only Haseltine (H) numbers. Haseltine (H) numbers were used to classify the early dollars until around 1950 with Milferd H. Bolender published his new book, The United States Early Silver Dollars from 1794 to 1803. This book introduced Bolender (B) numbers and included the Haseltine (H) number equivalent, for example, “1794 H-1, B-1 Flowing Hair Dollar.” If a die marriage was unknown to Haseltine, just a Bolender number was provided.

Bolender numbers are still used today, along with Bowers-Borckardt (BB) numbers from Q. David Bowers, Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia, volume I, published in 1993.

 Following is a listing of what I consider some of the better early silver dollar collections by die marriage that were sold via public auction sales and fixed-price lists, starting with the Haseltine Type Table sale in 1881. I have also included a few selected “date and major type” collections. Please note that there have been other great collections formed in the last hundred years that were sold privately and are not included in this listing. Each sale noted is followed by a short overview of the collection and a few highlights.

Key Sales of Early U.S. Dollars
 5 November 28–30, 1881       John W. Haseltine’s Type Table sale

Important as the first extensive date and die-variety collection of early silver dollars offered via a public auction sale, the “Haseltine Reference Collection.” Some varieties that were disposed of prior to the sale are listed in the back of the catalogue (1794 Haseltine-1 (H-1); 1795 H-8; 1802 H-7 and 1804 H-1). No specimens were plated, making it difficult to attribute die varieties using only the descriptions. B. Max Mehl reprinted the Hazeltine [sic] Type Table in 1927. 
(Article continued on pages 5-20)

The Numismatic Bibliomania Society (NBS) is a non-profit educational organization founded in 1979 to support and promote the use and collecting of numismatic literature. Numismatic literature includes books, periodicals, catalogs and other written or printed material relating to coins, medals, tokens, or paper money, ancient or modern, U.S. or worldwide. Membership is open to any individual or organization interested in the study of numismatics and the study and collecting of numismatic literature.




Sunday, July 7, 2013

Sunday, June 30, 2013

JR Newsletter: 30 June 2013 (147)

We have some exciting news from Sheridan Downey:
 
I thought readers of the JR Newsletter might appreciate an advance copy of the announcement that will appear later in the week on my web site, www.sheridanscoins.com.   The big news is that Henry Hilgards's fabulous collection of bust half errors has been sold to a private collector.  Photos of Henry's coins as well as his descriptions will soon be available on my web site.  I will be out of town this weekend, picking up the still mysterious "Part 3" of my upcoming Mail Bid Sale #37.  I am accepting last minute consignments to the Sale through Wednesday July 3.  Readers not already on my mailing list are welcome to request a copy of the catalogue for MB 37, to be mailed in late July.
 
Kind regards,
Sheridan
 
Here is the announcement:
 
The ANA Convention this year is in Rosemont, IL, a suburb of Chicago, very close to O’Hare Airport. The show opens to the public at 10:00 AM Tuesday August 13 and runs through Saturday August 17. The Convention Hotels surround the Donald E. Stephens Convention Center and may be accessed (at discounted rates) via this ANA web site: http://worldsfairofmoney.com/plan-your-trip/book-a-hotel-room.aspx.

MAIL BID SALE 37

I will be conducting a significant Mail Bid Sale during the Convention. Catalogues will be mailed approximately 2 weeks before the show. The sale will close at 6:00 PM Wednesday August 14, 2013. At this writing there are 80 coins consigned to the sale, including two lovely PCGS XF 45 1795 flowing hair half-dollars:  

First, a 1795/1795 Recut Date O.112 PCGS XF 45 Ex Queller. 



Second, a 1795 O.124 PCGS XF 45:


The “anchor” consignment comes from the collection of Steve Nomura. For more than 20 years Steve put his sharp and practiced eye to good use in selecting beautifully toned coins grading AU and UNC. The provenance of Steve’s coin tells us of their quality: Pittman, Eliasberg, Prouty, De Olden, Meyer, Solomon and (surprise!) George Plimpton, consignor to the astounding Sotheby Sale of June 1992.

THE HENRY R. HILGARD COLLECTION OF MAJOR BUST HALF-DOLLAR ERRORS

Part 2 of the Sale consists of a small group of coins from the estate of my colleague and closest friend, Henry Hilgard.  The family consigned these coins to me along with Henry’s unrivaled collection of major bust half-dollar errors.  Not wanting to earn a 2nd Can of Worms Award, I withheld the announcement of the consignment until negotiations for the outright sale of the primary collection were complete.  Do you remember the summer of 1993 when, after mailing the catalogue for MB 9 – Selections from the Overton Collection – I withdrew the entire consignment and sold the collection, intact, to an anonymous buyer.  (In whose hands the Overton Collection rests today.)   Henry’s set of major bust half errors has been sold to collector and will likewise remain intact.  Henry’s wife and daughters are thrilled with the disposition of the collection.  The importance of Henry’s error collection cannot be overstated.  There are 58 pieces (including a “Chinese” 1826 off center counterfeit) in the “primary collection.”  (Editor's Note:  The following two sentences provided by Sheridan had "place holders" for links, but the links were not live...so I suspect you will need to check Sheridan's website this week for the images and descriptions of Henry's coins) Here is a link to photographs of each coin.  Henry wrote a masterful description of each piece last year.  You will find it here.





Dick Kurtz photo of Wayne Aubel, Van Harvey, Wayne Smith and Lenny Schramm presenting the
Can of Worms Award to Sheridan at the July 1993 ANA Convention in Baltimore.


YET TO COME – PART 3 OF THE SALE

More consignments are coming the first week of July. I will update the list of consigned coins as soon Lance Keigwin is able to photograph these last minute consignments. The sale is limited to 150 lots. If you would like your bust halves to appear in the sale do not dally. The extended consignment deadline is Wednesday July 3, 2013. Call or email now!  Commission rates are very reasonable. Sellers’ fees range from 0 to 5%, depending upon the scope and value of your consignment.  The buyer’s premium in my sales continues at 10% of the hammer price.

To view a list of the coins currently consigned point your browser here. Photos are available here. Lot numbers and written descriptions will appear after the consignment deadline has passed.

HOW ABOUT A BOOK OR TWO?

In the meantime you may want to order the latest edition of Steve Herrman’s AMBPR. This invaluable pricing tool is yours for $30. (Postpaid, media mail; add $5 for Priority Mail.) I have 6 copies of the Spring 2013 Edition in stock. First come, first served.  Other books in stock include Edgar Souders Bust Half Fever, the 2nd edition of Davignon’s book on Contemporary Counterfeits, Dick Graham’s recent reference work on die varieties of Reeded Edge Capped Bust Half Dollars and (just uncovered in the dungeon of my garage) Steve Herrman’s 2010 “AMBPR Complete Edition” on CD.  Call or write for current pricing on these items.