Sunday, January 19, 2020

JR Newsletter: 19 January 2020 (481)



Joseph Lamonte wrote:

This is my first try with a show report.

I arrived in Orlando this year on Tuesday evening. Spent Wednesday morning viewing auction lots.  Took a break at noon and went back to hotel.  Dealer setup started at 2 o’clock and all of the dealers were waiting outside for the doors to open.  I helped a dealer friend set up and turned in some coins at PCGS for grading.  I then visited with a few dealers that were already finished with their setup process.  

Hit the bourse floor just after 8:30 am on Thursday.  Most of the dealers were at their tables by 9. The doors opened to the public at 10 am and the people poured in non stop all day Thursday.  There appeared to be serious buying and selling at every dealers table in the show.  Back to hotel by 5pm.

Friday was the JRCS meeting and then back on the bourse floor to catch a few dealers before the crowd arrived at 10.  Friday morning was also quite busy, maybe slightly less than Thursday.  There was still business being conducted throughout the hall.  Left the show at noon on Friday to start the drive home.

The highlight of the show for me is getting to visit with several dealer and collector friends and of course viewing many fantastic coins.  There were two original 1827/3 Quarters offered for sale and many finest known Draped Bust Dimes to mention just a few.  The FUN show is a great show that all collectors should try to attend.

Joseph Lamonte
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Jim Matthews wrote:

The Winter 2020 FUN show was once again fantastic. Always well organized a pleasure to attend for both dealers and collectors. Most dealers arrive on Tuesday, the day before set up, in order to be ready for the set up rush at 2 pm on Wednesday. After catching up with many friends with the belated Happy New Years greetings, the throngs of dealers file through the doors passed security and begin to get set up. Early birds and dealers were soon circulating around and deals started happening even before most of us got inside the convention center. This show definitely had a good buzz, and dealers and collectors were there to buy coins. The early bird/set up day was even busier than usual, and my table mate Dave Perkins didn't leave the floor until closing time at 8 pm as people kept on coming by. Another late dinner!

Thursday was opening day for the public, and again, dealer set up was at 8 am, and those two hours flew by with people stopping and buying at every table, both dealers and early bird folks. By 10 when the main show opened to the public, it was busy, and stayed busy all day. Some collectors needed to trade coins in for items they wanted, others had capital to spend. The show was filled with coin buyers, not just public observers our business. 

Friday was similar, more dealing and everyone was trying to get around and walk the floor, but it was nearly impossible to get away from the table, someone was always coming by to buy! I had want lists to work on but never got away to do so as I needed to be attending to the selling side of business. The size of the FUN show makes it nearly impossible to get to see everyone, its absolutely immense and would take at least two full days to stop by every table and get more than a glance at what is available. If you couldn't find it at this show, its probably not out there!

Saturday is the day that most dealers pack up and leave, which is always a time of caution for security purposes. From all I heard from dealer and collector friends, the show was great. The auctions at Heritage had more than the usual abundance of great coins, but it always seems the ones I really like go for strong money. Before we all knew it, we were back home and finally getting some rest in the old Lay-Z-Boy chair after a long but productive week on the road.

Jim


Sunday, January 12, 2020

JR Newsletter: 12 January 2020 (480)

No contributions this week.  How about some reports from FUN for next week?

Sunday, January 5, 2020

JR Newsletter: 5 January 2020 (479)

David Perkins wrote:

W. David Perkins Numismatics, James Matthews, and Gerry Fortin Rare Coins will have Tables 535 and 634 at the FUN Show in Orlando next week.  We will have our usual large selection of early U.S. Silver along with some Copper and Gold. 

 I will have 10 Capped Bust Half Dime Sealed Bid Sale Lots from the Stephen Crain Reference Collection available for Lot Viewing at my table (images of two of the coins posted below).  Part I of this sale was held at the 2019 ANA Convention in Rosemount and Part II will be held at the 2020 ANA in Pittsburgh, PA.  If you are unable to attend FUN next week and view the lots you are welcome to have a collector or dealer friend look at them for you.

JRCS Membership Dues payments and Reiver voting forms may be dropped off to me (W. David Perkins, Treasurer) at the FUN Show. 

Please stop by, say hello, and take a look!   Thanks.


www.davidperkinsrarecoins.com
wdperki(at)attglobal.net

W. David Perkins
Centennial, CO






Sunday, December 29, 2019

JR Newsletter: 29 December 2019 (478)




David Finkelstein wrote:

During the JRCS Meeting at the 2018 Summer ANA, David Finkelstein and Christopher Pilliod reviewed Phase 1 of their research project that focused on performing chemical analyses on 1794 and 1795 dated U. S. copper and silver coins.  Based on preliminary analysis, it was determined that non-destructive methods were inadequate for providing the accuracy needed for any meaningful determinations.  As such, a population of early half dollars were destroyed and chemical analyses were performed using X-ray Fluorescence (XRF) and Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) technologies.

Statistical analyses proved that the Mint violated the silver coin standard of the Mint and Coinage Act of April 2, 1792.  Instead of targeting silver coins to the legal standard of 89.24% silver and 10.76% copper alloy, the Mint appears to have targeted the majority of 1795 dated silver coins to a standard of 90.00% silver and 10.00% copper alloy.

Since August 2018, chemical analyses of additional copper and silver coins have been performed.  In addition, a third chemical analysis technology, Titration, was utilized.  At the JRCS Meeting at the 2020 FUN Show, David Finkelstein and Christopher Pilliod will present Phase 2 of their research project.

Editor's note:  The JRCS meeting will be Friday, January 10, 2020 from 8:30 to 9:45 AM in room W303A of the Orange County Convention Center.
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Brad DePew wrote:

I found a very worn 1814 Bust dime with the reverse rotated 180 degrees. The coin is in poor condition on the reverse, but there is a decent enough outline of the eagle that it shows clearly.  I have seen some with rotation, but this looks like it is close to even. I thought it is either rotated, a forgery or a pattern (which is doubtful). Any ideas?

Brad DePew
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Brad Karoleff wrote:

If you are submitting nominations for the JRCS Hall of Fame, the email address for nominations as printed in the JR Journal Editor’s Comments (December 2019) was incorrect.  The correct email address for nominations is richard.meaney(at)yahoo.com
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Ron Guth wrote:

A friend asked what criteria I was using to develop the Capped Bust Dime Census, and he asked some great questions, such as: “Where did the grades come from?” and “Do you consider eye appeal?

The census I’m building is a list of the top ten finest examples known to me.  It is based on a search through thousands of auctions and literally millions of auction records and public sales where a coin is either imaged or identified by a certification number.  The listing shows the most recent grades known to me, and the images are matched to combine multiple appearances of the same coin.  This means that some coins may have appeared in multiple auctions over many years, often in a variety of grades and certified by different services. The data presented in the census is objective and it is based strictly on numbers, reflecting the influence of the set registry competitions.  No discount or premium is given to any service.  Eye appeal is assumed to be baked into the grade; however, I do note if a coin is in an old holder or if it has been certified by CAC.  Certified coins are given a preference over raw coins.

This method of building the census means several things.  Most importantly, this census can survive beyond me because it is not based on my opinions.  Rather, it can be maintained or updated easily by anyone using the same criteria, assuming they are willing to put in the time and effort.  The census can be expected to change frequently as new coins are identified or the grades change or coins reappear.  For these reasons, I don’t assign numbers to the rankings because I know they will change. 

There may be instances where there are more deserving coins than there are slots in the census.  For instance, if there is room for only three MS65’s in the census, but PCGS and NGC combined have graded twenty MS65’s, the first three that get my attention (by dint of their provenance, unusually high price, their rarity as a variety, or any other arbitrary factor) will make the census and my attention will then shift to searching for coins in better grades.  The only way to lobby for a raw coin or a higher grade is to have it certified or regraded.

The census is not set in stone; rather, it is a snapshot taken at a particular moment in time.  Because of the potential for change, the census should be viewed as a starting point for collectors to determine if their coin is special by reason of its high quality, how it compares to other coins of its type, and whether it is a candidate for the finest known example of the type, date, or variety.

Happy New year to all!

Sunday, December 22, 2019

JR Newsletter: 22 December 2019 (477)




Brad Karoleff wrote:

The latest issue of the JRJ (Volume 29, Issue 3) is in the mail.  You should receive it very soon.  If yours does not show up by January 3 drop me a line at bkaroleff(at)yahoo.com and I will send a replacement.

Inside everyone's envelope is the ballot for the Jules Reiver Literary Award for 2019.  Please vote for NO MORE THAN 3 articles from the list and return the ballot to Dave Perkins at the address provided.  

Some of you will receive a green dues renewal notice.  To remain a member in good standing and receive Volume 30 of the journal please send a check to Dave Perkins for $25.

Also, for those attending the FUN show in a couple weeks we will be having a meeting on Friday morning at 8:30AM in room W303A.  David Finkelstein will be our featured speaker and he will be talking about the mint coinage act of 1792.  Hope to see many of you there.

Happy Holidays!

Brad Karoleff
------

Ron Guth wrote:

1820 DIME CENSUS
By Ron Guth

This list of top condition 1820 Dimes combines the Small O, Large O, and STATESOFAMERICA varieties. Because there is some confusion as to what constitutes a Small O versus a Large O, I’ve listed JR numbers instead.  Future installments will present Census listings for each of the individual varieties.  

Regarding the previous installment on 1814 Dimes, Alan Weinberg recalled purchasing a Gem 1814 Dime from a Lester Merkin sale for $675, but I have been unable to identify the sale or lot number.

PCGS MS68 (JR-9) 50069319
Heritage 8/1995:6010 (as NGC MS68), $33,000 - Heritage 11/2003:5955 (crossed to PCGS MS68 50069319), not sold - James W. Lull Collection - Bowers & Merena 1/2005:666 (as PCGS MS68), $74,750

PCGS MS67 CAC (JR-2) 06661564
Oliver Jung Collection - Heritage 8/2014:5561 (as PCGS MS67 CAC 06661564), $152,750

PCGS MS67 (JR-2) 13439220
Liberty Collection (as PCGS MS67 13439220)

NGC MS67 (JR-2) 652327-007
Goldbergs 1/2014:1054 (as NGC MS67), $38,775 - Eugene H. Gardner Collection, Part IV - Heritage 10/2015:98219 (as NGC MS67 652327-007), $27,025

PCGS MS66 CAC (JR-1) 90072205
Benchmark, sold privately in 2/2003 - Eugene H. Gardner Collection, Part I - Heritage 6/2014:30235 (as PCGS MS66 CAC 90072205), $67,562.50

PCGS MS66 (JR-11) 05514488
Heritage 1/2004:2031 (as PCGS MS66 05514488), $21,850 - James Mossman Collection - Heritage 1/2009:3679 (as PCGS MS66 05514488), $27,600 - Joseph C. Thomas Collection - Heritage 4/2009:2228 (as PCGS MS66 05514488), $25,300 - Stack's/Bowers 8/2018:1112 (as PCGS MS66 05514488), $20,400

PCGS MS66 (JR-10) 50041281
Cody’s Set (PCGS Set Registry) (as PCGS MS66 50041281

PCGS MS65+ (JR-10) 31914896
Superior 5/1999:1998 (as NGC MS66), not sold - Larry Hanks, sold privately in 1/2004 - D. Brent Pogue Collection, Part III - Stack's/Bowers & Sotheby's 2/2016:3019 (as PCGS MS65+ 31914896), $21,150 - D.L. Hansen Collection (as PCGS MS65+ 31914896)

PCGS MS65 (JR-4) 35297072
Heritage 4/2017:4023 (as PCGS MS65 35297072), $14,688

PCGS MS65 (JR-5) 35697071

Additional comments:
At least eight 1820 Dimes are known at the PCGS MS65 or NGC 65 grade level.

Please send any comments, edits, additions, or corrections to info(at)expertnumismatics.com.  This Census is provided for information purposes only and may be incomplete or contain errors.  Any updates will be published in future editions.

Sunday, December 15, 2019

JR Newsletter: 15 December 2019 (476)



Steve Herrman wrote:
 Auction Prices Realized for Early Silver Dollars 1794-1803, Winter 2019 Revision, Number 1 is now available. 

Over 3,300 auction records from all major auctions Dec 2015 thru Nov 2019.Includes older auction records for Condition Census specimens.  

 Printed format (softbound, 61 pages): $35.00 delivered via Media Mail 
 PDF format (searchable & printable): $25.00 delivered via Email   
 Both Printed & PDF formats: $40.00 delivered

To receive a copy, please contact Steve at herrman102(at)aol.com 

This shall be a yearly publication. 

$3.00 is donated to the JRCS for each copy sold. 

Thanks, 
Steve Herrman JRCS LM #28
------ 

Greg Cohen wrote: Please find linked a press release regarding the results of Legend’s 35th Regency Auction, conducted as the official auction for the PCGS Members Only show, on Thursday, December 12.

https://gallery.mailchimp.com/74a0e3c37d154d935bdeb2daf/files/be55ebe6-f4a4-4204-9358-206c405346a1/RA35_Post_Sale.final.pdf 

For more information about the auction, please contact Greg Cohen, senior numismatist at greg(at)legendauctions.com

For high resolution images, please contact Patrick Braswell, art director at 
Patrick(at)legendauctions.com

 Thank you for your consideration to these matters,
Greg CohenSenior NumismatistLegend Rare Coin Auctions

Sunday, December 8, 2019

JR Newsletter: 8 December 2019 (475)


Ron Guth wrote:

1814 DIME CONDITION CENSUS
By Ron Guth

The 1811/09 Dime Census in the last installment prompted no comments.  For the 1814 Dimes in this installment, I’m presenting a combination of the Small Date, Large Date, and STATESOFAMERICA varieties. After all the dates are completed in the future, I’ll come back and present censuses for the major and die varieties. 

NGC MS67 (Small Date) 1972644-002
American Numismatic Rarities 1/2006:249 (as PCGS MS65), $18,400 - American Numismatic Rarities 8/2006:294 (as NGC MS67), $55,200 - Joseph C. Thomas Collection - Heritage 4/2009:2227 (as NGC MS67), $46,000 

NGC MS67 (Large Date) 1901042-004
Harold P. Newlin Collection - T. Harrison Garrett Collection - Robert Garrett Collection - John Work Garrett Collection - Johns Hopkins University Collection, Part III - Bowers & Ruddy 10/1980:1583 (as Raw MS65), $15,000 - Greenhill Collection - Goldbergs 9/2006:1475 (as NGC MS67), $27,600 - Mark Gordon Collection - Goldbergs 5/2009:450 (as NGC MS67), $19,550 - Bowers & Merena 3/2010:609 (as NGC MS67), $19,550

PCGS MS66+ (Small Date) 31914894
John G. Mills Collection - S.H. & H. Chapman 4/1904:1094 - Samuel Wolfson Collection, Part II - Stack’s 5/1963:520 - Northern Bay Collection, Part II - Stack's 3/2006:4165 (as Raw Gem Brilliant Uncirculated), $80,500 - Richard Burdick (as agent?) - D. Brent Pogue Collection, Part III - Stack's/Bowers & Sotheby's 2/2016:3017 (as PCGS MS66+), $94,000

PCGS MS66 (Large Date) 37113470
Douglas C. Kaselitz Collection - Stack's/Bowers 7/2015:5120 (as PCGS MS66), $58,750 - The Type Set Collection (Oliver Jung) (PCGS Set Registry)

PCGS MS66 (Large Date) 34722550
Stack's/Bowers & Sotheby's 10/2015:23 (as NGC MS66), $15,275 - Stack's/Bowers 4/2016:13039 (as NGC MS66), $11,163 - Goldbergs 9/2018:327 (as PCGS MS66), $42,000 - D.L. Hansen Collection

PCGS MS66 (Large Date) 34899680
David Albanese, sold privately in 8/2010 - Stack's/Bowers 2/2019:1048 (as PCGS MS66), $15,000

NGC MS66 (Large Date) 1619234-005
Superior 7/2003:987 (as NGC MS66), $9,200 - Southwest Collection - Heritage 2/2008:75 (as NGC MS66), $14,950 - Goldbergs (misidentified in the catalog as a Small Date) 6/2014:320 (as NGC MS66), $19,975

NGC MS66 (Large Date) 361145-016
Bowers & Merena 3/1998:527 (as NGC MS66), $7,920 - Eugene H. Gardner Collection, Part III - Heritage 5/2015:98210 (as NGC MS66), $12,925

NGC MS66 (Small Date)
Goldbergs 6/2014:320 (as NGC MS66), $19,975

Additional comments:
No STATESOF 1814 Dimes were included in this census because the top example was “only” NGC MS65, meaning it missed the cutoff for this census.  None of the JR plate coins made this census.  Similarly, none of Eliasberg’s 1814 Dimes qualified for this census.


Please send any comments, edits, additions, or corrections to info(at)expertnumismatics.com.  This Census is provided for information purposes only and may be incomplete or contain errors.  Any updates will be published in future editions.