Sunday, November 13, 2016

JR Newsletter: 13 November 2016 (319)






This week's sole contribution comes from Winston Zack:

I would like to know if anyone here has worked [extensively] with a castaing machine, and/or has compared the edge lettering of the same variety of CBHs and noticed differences in letter alignment - specifically the spacing between OR and HALF.

Specifically, I would like to know how consistently edge lettering was applied to CBHs. And whether there was often/sometimes gaps between the two halves of the edge dies.

These questions arise because as I'm studying the edges of counterfeit CBHs of the same variety I'm noticing definite differences in spacing between the two halves of the edge dies, and I want to know if these differences relate to the counterfeiters presumably more crude castaing equipment or if this is just the natural results of castaing equipment in general.

Feel free to email me separately (stoneman101(at)gmail.com) and/or reply here.

Thanks,
Winston

Sunday, November 6, 2016

JR Newsletter: 6 November 2016 (318)







All of this week's contributions come from participants in the just-ended Baltimore show.  First, we received this from Glenn Peterson:

     I was pleased to represent our club  in chairing a regional meeting of John Reich Collector Society in Baltimore on Friday, November 4th. We had the largest-ever turnout for a regional meeting with 25 people. Among the attendees were  many advanced collectors of bust coins, a number of collectors of other series of coins and several guests just learning about JRCS. 

     We had a discussion about the bust quarter census to be published in the next journal. I highlighted the great increase in participation since the last census of April 2014. The total number of coins reported rose from 1,495 to 1,973.  Several advanced collectors joined the census with some astonishing coins from the Pogue and Gardner collections. I was pleased to show photos of some of these remarkable coins. We also discussed bust coin errors and several members displayed double struck, off-center and clipped planchet quarters. I was pleased to have an enthusiastic conversation about these coins. A fun time for all!

  Glenn Peterson
------

We also received a report from David Perkins:

JRCS Meeting at the Whitman Baltimore Convention

The JRCS meeting at the Whitman Baltimore coin show this past week was a good one.  If my count was right, there were 27 people in attendance, the most ever I believe for a Regional Meeting by a large margin.  Five of the 27 were guests (non-members).  Those in attendance had a wide variety of collecting interests, mostly but not exclusively the early United States silver coinage.

Dr. Glenn Peterson hosted the Baltimore JRCS meeting.  The topic was the early quarters of the United States and the upcoming JRCS Quarter Census that will be published in the next issue of the Journal.  Dr. Peterson started with a series of slides with photos of some very beautiful, rare, and high grade early quarters that are “new to the Census” in 2016.  He then talked about the upcoming Quarter Census, followed by another slide show (with old fashioned real slides!) of early silver error coins of different denominations.  There were many good questions and discussion points throughout.

After the meeting adjourned, members and guests shared coins they had brought for show and tell.  One highlight was a beautiful and recently completed date set (1796-1837) of early dimes, put together over 20 years “on a modest budget.”  All of the dimes were graded by PCGS, with grades ranging from VF to AU.  Five of the dimes were from the Gorman Capped Bust Dime Reference Collection sale which was sold in two parts in 2016 by this author.

 On my way back to my table after the meeting I saw an old fashioned pile of circulated Capped Bust Half Dimes for sale at Jim Matthews' table.  This was fun to see!  I’m not sure what that coin is on Jim’s business card though….

Overall, the Baltimore show was a very good one, with many serious collectors and dealers in attendance.

W. David Perkins, Numismatist
Centennial, CO




------

Finally, we received the following from the aforementioned Jim Matthews:

The Baltimore Show was frankly more active than I had anticipated. After months of wearisome election battles and relentless revelations, it was nice to set that part of our lives aside and focus on buying and selling coins! The usual suspects were in attendance at the show, and everyone seemed to have a good time--collectors were generally able to secure desired pieces for their collections from the numerous dealers at the show.

One unexpected surprise was Winston Zack appearing at the show from far away San Diego, California! He shared numerous examples of contemporary counterfeit coins that are being used for his huge research project of documenting and writing a two (or more) volume book on these historic and often overlooked pieces of our numismatic history. Some of the Seated coins--struck from hand cut dies created by now forgotten counterfeiters, were so comical in their crudity that I burst out laughing. Examining these folk art pieces captures so much of the American ingenuity spirit--that prior generations of people actually took the time to stamp out their own money with small common tools and whatever know-how and ability they had. These mom and pop enterprises continue all through our history, from the earliest colonial coins through our current coinage--one need look no further than the 1944 "Henning" Jefferson nickels, created and stamped out in a certain Mr. Henning's basement to be used to pay the hated toll on the New Jersey Turnpike! Some of these counterfeiting operations were huge factories which churned out countless examples of these counterfeit coins. This is an area of research that simply has been overlooked for far too long, with the exception being the superlative work by Keith Davignon on Contemporary Counterfeit Capped Bust Half Dollars. Needless to say many numismatists have long awaited such a book documenting these fascinating coins.

All in all, Baltimore once again put on a great show for dealers and collectors, and everyone I talked with seemed to have their modest expectations well exceeded.

Jim Matthews

Sunday, October 30, 2016

JR Newsletter: 30 October 2016 (317)



David Perkins wrote with this week's only contribution:

First of all, I very much enjoyed Rick Andrews' contribution and photos to last week’s issue of the JR Newsletter.  Like many JRCS members, collectors, and students of early silver, I love late die states and cuds! 
 
I will again have Table 818 at next week’s Whitman Baltimore Convention, where I will be setting up with Gerry Fortin.  Together we will have 12 cases of better quality Flowing Hair, Draped Bust, Capped Bust, Seated and other coins for sale. 
 
Included in my cases are a number of better Draped and Capped Bust Dimes, over a dozen new Capped Bust Half Dollars (including 13 CBHs in AU grades), and over 50 early dollars.  I will also have a fair number of half dimes and early quarters.  Gerry picked up an exceptional 1802/1 Silver Dollar in PCGS AU55 CAC at last week’s Denver Coin Show, and should have an awesome 1839 Liberty Seated Dime struck from a shattered die.  Even if you don’t collect Seated coins you will enjoy seeing and studying this neat late die state example.  Most of these coins can been seen on our websites. Our website addresses are listed below.
 
Lastly, a reminder that JRCS members and guests are invited to attend the JRCS meeting and club program while at Baltimore.  The meeting is scheduled from 4:30 to 5:30pm in Room 301.  Dr. Glenn Peterson will be giving a talk on the early Quarters and the upcoming Quarter Census to be published in the John Reich Journal.  Hope to see you there, and if you can please try to bring a coin or two to share with the members!
 
Please stop by to see us and say hello at Table 818 in Baltimore! 
 
W. David Perkins, Numismatist
Centennial, CO
 
 

Sunday, October 23, 2016

JR Newsletter: 23 October 2016 (316)





We have a few contributions this week, including the first from Rick Andrews that features some photos.

Rick Andrews wrote:

Wanted to share my recent good fortune and add to Jim Matthews' reference on the retained cuds on 1833 JR-4 dimes. I also have a similar JR-4 with retained cud in an ANACS AU55. In addition I have provided photos of a late die state similar to Reiver's state g that I have.

While not a cud, I obtained a 1814 extremely late die state JR-2 just as described in the "Bust Dime Variety Identification Guide". The photos aren't the best but you can see what I referenced. The obverse is missing star 10 & most of star 11. The reverse has two bulges, one on America blocking 'e to a and the other beginning of United, 'U down thru left side of leaves. This is also similar to the Reiver's 1814 JR-2 listed as NCS, damaged, VF Details. (editor's note: the obverse photo of the 1814 was not recoverable, so just the reverse is provided)

My only addition the last couple of months was an upgrade of a 1823 bust dime from the Gorman collection, but October has turned out to be a great month. Collectors have told me and I have experienced that finding nice coins seems to come in bunches. I found the 1814 last week at the Indiana Numismatics coin show in Indianapolis. Also I bought a nice VF 1831 O-117 R4 from Brad Karoleff. Earlier in the month I obtained a 1823 broken 3 bust half, though only in fine, for my Bust Half Red Book variety set. Now I won from GreatCollections.com an 1833 JR-2 R4+ (oversized dentil below 1) NGC VF30 as an upgrade. I have a JR-2 NGC Fine 12 available if anyone needs one.

I hope others can have a great month and enjoy the experience of finding key or just very nice bust material. Continue to have fun and enjoy the hobby.

Rick Andrews






------

From Brad Karoleff:

The next issue of the John Reich Journal is due out soon but I have a problem.

We do not have enough submissions to fill the issue.  Do you have anything ready for publication that you can send?  The Bust Quarter census will be in this issue, so anything relating to the quarters would be complimentary.  Your submission does not have to be on quarters, anything will help.

Thanks,
Brad
------

From Peter Mosiondz, Jr:

I have some coin books that I want to sell.

Coins and Collectors, Q. David Bowers. 1988 Bowers and Merena reprint. 214 pages. SB. New. $5.00

A Guide Book of United States Coins 2017: The Official Red Book, R.S. Yeoman and Kenneth Bressett.     464 pages. Spiral Bound. New. $7.00

 Virgil Brand: The Man and His Era, Q. David Bowers. 248 pages. HB. New. $15.00

The History of United States Coinage as Illustrated by the Garrett Collection, Q. David Bowers. 572 pages.  HB. New. $20.00

The Early Coins of America, Sylvester S. Crosby. 1983 Quarterman reprint. DJ protected in Brodart Mylar. 378 pages plus appendix and plates. New. $15.00

United States Large Cents 1793-1857, Warren A. Lapp and Herbert A. Silberman. 1975 Quarterman reprint. 647 pages. HB. DJ protected in Brodart Mylar. $10.00

Add $4.00 Media Mail postage. 

I will not be available to answer calls or emails on Sunday October 23. 
Only one each is available.

Peter Mosiondz, Jr.
26 Cameron Circle
Laurel Springs, NJ 08021-4861

Phone: 856-627-6865
Email: choochoopete(at)comcast.net



Sunday, October 16, 2016

JR Newsletter: 16 October 2016 (315)

An announcement from Glenn Peterson serves as our sole contribution for the week and as a response to Winston Zack's inquiry from the last newsletter:

JRCS members:
     I will be chairing the JRCS meeting at the Baltimore Whitman show on November 4th at 4:30 pm. We will be in room 301. I will be discussing the Bust Quarter census which will appear in the next journal. Please come and join us for the meeting.
Glenn Peterson MD

Sunday, October 9, 2016

JR Newsletter: 9 October 2016 (314)




We have a few contributions this week. 

First, Ralph Muñoz wrote about the Kolbe and Fanning Book Sale #143:

I just received my catalog in the mail yesterday.  Kobe & Fanning Numismatic Booksellers (http://www.numislit.com/) is offering a complete set of the John Reich Journal Vols. 1-24 (Whole Numbers 1-74), plus the first two issues of Vol. 25 including the index volumes after Vols. 10 and 20.  Estimate $500.  

Plus there are other interesting books for those members looking to add some hard to get reference materials to their libraries.

Ralph Munoz
JRCS #30
------

Winston Zack inquired:

Will the JRCS have a meeting and/or educational presentation at the Baltimore show next month?
------

Pete Mosiondz, Jr. wrote:

I was pleased to obtain a very nice coin recently and would like to share some thoughts with our friends. 

More often than not when I look at an encapsulated coin I say to myself, “How did they arrive at that determination?” Most of the time I feel that a particular coin is overgraded. 

I remember meeting Abe Kosoff many years ago when I was beginning to dabble in coins as a part-time dealer. I asked him for some guidance based on his many years of experience. He was very gracious and spent quite a bit of time with me, more than I could have ever hoped for. The one thing that always stayed in my mind was his strong opinion on grading. This was before he became involved with organizing the American Numismatic Association Certification Service. He told me to always look at a coin objectively and not with rose-colored glasses. He suggested recognizing and evaluating the coin’s negative aspects (detractions and imperfections) then recognizing and evaluating the coin’s positive aspects (strengths). Evaluate the overall eye appeal. Does it look nice or maybe not so nice? Finally, and most importantly, always be conservative in your grading. In other words never “stretch” the grade. 

At the time we were using Brown and Dunn or Jim Ruddy’s new Photograde book. Abe was adapting the Sheldon grading system for other coins as well, especially in his auction sales.

 I must say that the professional graders who graded the 1823 Capped Bust Half Dollar (image below), that I happily obtained from a dealer friend recently, must have had Abe’s thoughts in mind. I thought to myself, “Why isn’t this an AU coin?” Do you agree, or am I wearing rose-colored glasses? By the way, it is an O-105.

Pete Mosiondz, Jr.
Email: choochoopete(at)comcast.net






Sunday, October 2, 2016

JR Newsletter: 2 October 2016 (313)

Jim Matthews wrote:

I finally acquired a nice AU55 example of one of the more common cuds known for my dime collection from the coins sold by W. David Perkins of the Kirk Gorman Collection. The variety I found so challenging is the 1833 JR-4. Actually a low grade example of this variety was one of my first retained cuds purchased. My friend Don Valenziano heard of my budding interest in these late die state coins and showed me this fabulous example with the reverse die broken and moving in three connecting pieces from the E in UNITED down to the scroll and all along the upper portion of that side to the first A in AMERICA. Despite the wear, this is still one of the latest examples I've seen with the initial retained cud from the left side to the edge of A in STATES, another crack down through the E of that word, and the final crack splitting the first A of AMERICA, all these cracks connect to the scroll from the rim above.

Over the decades I've acquired about 30 examples in varying states of decay of the 1833 JR-4 with a retained cud. I've since sold back a few into the market place. I began to think myself somewhat obsessed with studying the varying die states of this variety, but then encountered other collectors who had acquired extensive hoards with similar penchants for certain dates or varieties, and realized its all part of the scholarship of this hobby and not so much a question of my sanity.

Over the past few years I've been working on getting my Capped Bust dimes graded by PCGS, it's a laborious process as many coins simply aren't worth the cost of grading, so those remain in their natural raw state. Others I've sent in for this process. One of these was my 1833 JR-4 with a retained cud (actually a fairly early example of this cud) from the Russell J. Logan Collection which graded XF40, a nice grade for that coin. I also had another decent example with the retained cud that came back VF30 from PCGS that I'm going to sell. So at long last I have a solid AU55 example to represent this seemingly common cud in my collection.

Jim