Sunday, July 22, 2018

JR Newsletter: 22 July 2018 (403)

Brad Karoleff wrote:

The John Reich Collectors Society General Meeting will be on Wednesday, August 15, 2018 at 8:00 AM in room 117 of the Philadelphia Convention Center.  All JRCS members, interested non-members, and their guests are welcome to attend.  The educational session will be one you will not want to miss!

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Mike McDaniel wrote:

Family Vacation Road Trip Weaves Historical Sites and Numismatic Pursuits

My family recently completed a 5000-mile road trip during the two weeks surrounding Independence Day. That may sound like a daunting task to some people, but we enjoy getting out on the road and exploring our great country. We visited historical sites along the old California Trail (now Highway 80) as we drove from our home on the Monterey Bay to the Bluegrass Region of Kentucky.  In that same historical spirit, we also included numismatic visits that allowed us to meet several JRCS members that I had previously known only through articles in the JRCS Journal, correspondence, or phone calls.  My family enjoyed the trip and I was able to add several new die varieties to my collection in the Capped Bust Dime, Quarter, and Half Dollar Series.  I sincerely enjoyed spending time with fellow JRCS members Brad Karoleff, Jim Matthews, and Dave Perkins.  They were generous with their time and were fun people.

We caught up with Brad and Jim at the Cincinnati Numismatic Association (CNA) summer coin show in Sharonville, OH, the weekend before July 4th.  As my family paid our admission to the show, the CNA President, David Heinrich, introduced himself and asked my six-year-old son Jonathan if he collected coins and if so, what is his favorite type?  My son affirmed that he does indeed collect coins (he’s been attending coin shows since he was in a stroller) and he stated that his favorites ones are Mexican 20 Centavos.  That delighted Mr. Heinrich since he also appreciates these beautiful bronze coins. When I arrived back to CA, Mr. Heinrich had graciously sent my son two BU examples of these coins and an article that had been published on the series in the CNA Journal. What a guy!  

After we entered the bourse, our first stop was with Brad Karoleff.  Brad showed me several capped bust halves that he had purchased at the show and I took the opportunity to buy a VF 1812 O-104 from him.  We talked to Brad about coins and the JRCS in between his interactions with other show attendees.  I enjoy taking my family on the bourse floor so that they can learn the rhythms of the coin shows and the etiquette of visiting the various dealers’ booths.  

After a while we headed over to Jim Matthew’s booth.  Jim and I had never met, but a few weeks prior to the CNA show I had purchased several Capped Bust Dimes that Jim had consigned to an online auction.  I discussed my purchases with Jim and we agreed that I got the dimes at reasonable prices.  Then we talked about our collecting histories and I found out that Jim had previously lived in the Monterey Bay area only a few miles from my home.  My son thought that was cool since we were 2500 miles from home.  The highlight of the show for me was that I purchased a beautifully toned PCGS XF-45 1824 Various Dates O-103 half dollar from Jim. The overdates were so visible that even my wife appreciated the charm of the coin.   She normally thinks that I’m a bit obsessive about die varieties, die states, etc., and good-naturedly refers to the JRCS as my ”little club.” In contrast, my son is a JRCS member in- training.  He loves to spend time in my office looking at federal coins together under a lens as I point out overdates, die breaks, cracks, and other anomalies from the early days of the mint.  I use these moments to also inculcate a love for the nation’s history and founding principles in my boy such as liberty, e pluribus unum, and the way that the principles are manifested in the devices of our early coins.  He will remind you that the Mexican 20 Centavo coins also feature a liberty cap and an eagle liked the Capped Bust series do.  

On our way back to California, I stopped in to meet W. David Perkins in Colorado.  I have purchased many beautiful coins from Dave since joining the JRCS several years ago, but we had never met in person.  As Dave mentioned a couple of weeks ago in a post in this weekly email newsletter, we spent a couple of hours together and it seemed like only 30 minutes.  Dave was very gracious in showing me some of his personal collection, his numismatic library, and several coins that I was considering purchasing.  

As an aside, I really cherish our numismatic fraternity in the JRCS.  I stumbled across the society on the internet.  I had always enjoyed the capped bust series in my US Type Set but did not know a lot about the series.  After a year in the club I really got the fever and since then I have taken a deep dive in collecting the various series by date, die variety, and die state and by building up a respectable numismatic library, too.  It seems to me that JRCS members, like other numismatists, often share a love and knowledge of history and tradition that is far deeper than that of the bulk of our society.  Therefore, the friendships that we make within our self-selected group can be very fulfilling.

Meanwhile, back with Dave in Colorado, I purchased an 1820 dime JR-6, Small O, PCGS 50, ex Kirk Gorman; an 1825/4(2) B-3 quarter with a retained cud and an 1825/4(2) B-3 quarter in an earlier die state, and an 1836 bar-dot half dollar in PCGS AU-50. I had to pull myself away from Dave’s hospitality in his mountain lair in order to hit the road and drive almost 1000 miles to our next stop on the road home to California.

It was a great trip and I look forward to meeting more of my fellow JRCS colleagues in the future and perhaps enjoying friendships with them in the years ahead.

Mike McDaniel
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Barry Sunshine wrote:

$100 reward!

I am trying to locate for my viewing pleasure the PCGS graded 1809 dimes in Mint State 65 or 66. I never saw them and I always wanted to view them. In the PCGS population reports, it indicates that there are 2 graded in MS-65 and 2 in MS-66. I would love the opportunity to view each of those coins and willing to pay $100 to see them. Bring them to ANA in Philadelphia as I am planning on being there. 

Also, I am also paying a $100 reward for the pleasure to view an 1811/9 that PCGS graded MS-66. Currently the population report shows that PCGS graded 2 of them. 

Based on my research, I haven’t been able to see and of the above coins offered publicly or privately. If anyone can help, then please contact Barry Sunshine at BSunshine(at)optonline.net

Many thanks for your assistance. 

Barry


Sunday, July 15, 2018

JR Newsletter: 15 July 2018 (402)

We received no contributions for this week's JR Newsletter.

Sunday, July 8, 2018

JR Newsletter: 8 July 2018 (401)



David Perkins provided this week's contribution.  Each of the three coin images in this week's JR Newsletter come from Perkins too!

What makes our hobby enjoyable for you?  Is it “the people or the coins?”  Or both?  

In my 35 years of seriously collecting and researching coins, tokens, and Numismatic Literature, I’ve met a large number of interesting people, people that I might not have met if it wasn’t for my involvement in the hobby.  Most of these people I have seen from one to five times a year at major coin shows over the years.  I have kept in touch and corresponded with many of these “coin friends” in between shows.  
This week two collectors and JRCS members alerted me to an 1833 CB Half Dollar with PERKINS counterstamped on Liberty that was for sale on e-bay.  I won this coin today.  Thank you Jim and Richard! 




Unless you live in certain areas of the country there is a very low probability that you will meet someone locally with similar collecting interests.  I’ve had a little success with this in the Denver metro area over the years.  Following are three examples.

For over a decade I’ve gotten together a handful of times a year with a local collector and friend to talk coins and numismatics, and share a few new purchases.  We met through JRCS.  As I collect early dollars and he collects Capped Bust Half Dollars by die marriage he usually has more coins for show and tell than I do.  But the conversation is always good, and I always learn something at our lunches.  He now takes the coin photos for my website so I see him more often, and now it’s my new purchases vs. his new purchases, and now most the time I have a few more coins than he to share!   

A couple of years ago I began also getting together with another JRCS member and collector who has collected Capped Bust Quarters for 20 years or more, despite him being quite a bit younger than I am.  We met when we met at my bank and he purchased an early quarter from me.  We got together this week and had a nice two-hour lunch, with me providing a few show and tell coins for him to view, which made us even as last time we got together he had coins with him and I didn’t.   He especially enjoyed viewing a choice Pine Tree Sixpence I had with me.   

And today, a California Collector friend and Numismatist was in the Denver area and I had previously invited him to come over to my house and see my library, and to show him some coins that he wanted to view “in person” from my collection and as well as some coins for sale on my website.  He also wanted to compare his want list for CB Dimes and Half Dimes to the preliminary consignment listing for my ANA H10C and 10C sale coming up in August.   We had a nice two hour visit that felt like it went by in half an hour.  I was impressed as he has read all or most of the JRCS back issues on the Newman Portal, and has built a Numismatic library.   [If you want to be added to my distribution list for early and CB H10C and 10C please send me an e-mail at wdperki(at)attglobal.net ] 

I’ve been a JRCS member since 1986, and I am a long time member of many other Numismatic clubs and organizations for 25 to 30 years.  Looking back, I’ve met a lot of interesting people through our great hobby.  And have seen a lot of great coins too!

W. David Perkins
Centennial, CO



Sunday, July 1, 2018

JR Newsletter: 1 July 2018 (400)



Steve Herrman wrote:

AVAILABLE NOW!

The 6th revision of Auction Prices Realized for Certified & Graded Bust Half Dollars 1794-1839 (APRCG) is now available.

The Summer 2018 APRCG includes prices realized for all certified and graded Bust Halves sold in major auctions over the past three years, June 2015 through May 2018.

Softbound, 140 pages, $28.00 postpaid. Also available in PDF format for $20.00. Both printed and PDF are $33.00.

Copies will be mailed to JRCS members with an enclosed invoice. Advance payment is not required.

Note: $1.00 is donated to both the JRCS and the BHNC for each copy sold.

Please contact Steve at Herrman102(at)aol.com to reserve your copy.

Thanks,

Steve Herrman
JRCS LM 28
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Continuing the half dollar theme, we received the following from Sheridan Downey:

My annual summer ANA sale is now ready for preview.  Mail Bid Sale 47 closes at 6 PM EDT, Wednesday August 15, 2018, day 2 of the Worlds Fair of Money in Philadelphia.  Dates, varieties, grades and photos of the coins are posted here:

The 114 lot sale is amazing!  It is anchored by The Cape Cod Collection, a very special assemblage of more than 50 AU and UNC bust halves, quietly assembled over the past 20 years by a Massachusetts collector.  Keith Davignon, Rhode Island's finest architect, has graciously chipped in with more dazzling busties from his renowned collection.  So has my good friend Dr. Charles Link, owner of the finest collection of bust halves ever assembled.  Descriptions of the coins will be posted later in the month.  A hard-copy catalogue will be mailed near the end of July.  If you've been an active bidder or buyer look for one in your mailbox.  Internet bidding will open around August 1.

If you cannot make it to the Convention this year and would like to preview lots in the comfort of your home or office let me know.  Your favorites can be on your desk tomorrow via US Express Mail or Fed Ex.  You pickup the shipping costs.  I'll take care of the insurance -- up to $50,000 per box.  Auction lots will also be available for preview during the Bust Half Nut Club's "Corn Roast," Monday August 13 and at my bourse tables 1022-1024 Tuesday and Wednesday, August 14-15.  (You might want to earmark the ANA's Interactive Floor May, found here:

Sunday, June 17, 2018

JR Newsletter: 17 June 2018 (399)

We received no contributions for this week's JR Newsletter.

Due to my travel schedule, there will be no newsletter on June 24th.  Contributions are still welcome in the interim!

Sunday, June 3, 2018

JR Newsletter: 3 June 2018 (398)

Before we get to this week's contributions, please note that I will not be able to publish a newsletter next week.  Contributions received between today and June 17th will be published on June 17th.



We have two contributions this week.  First contribution came from Glenn Marx:

In response to Rick A's post in the 5/20/18 JR Newsletter about reduced size bust quarters and his cherry pick of an 1835 B-3 PCGS VF25...
That's great to hear about your recent cherry pick, and the others you have accumulated.  I believe there are good buys in the lower grade reduced size bust quarters for those that want to collect them by year, Red Book variety, or die marriage.  While the higher-grade coins are going to attract the higher prices and increased attention if they are condition census for a die marriage, collectors of the series in the VF/XF or VG/F areas are going to have some good chances at nice prices.

While they may appear to be stagnant, there are some who collect the entire bust quarter series as well as some who collect the reduced size bust quarters exclusively.  I think there are a fair number of collectors of reduced size bust quarters, but maybe most have the majority of the pieces they need and it's leaving the opening for others to enter into collecting the series.

Ricks cherry pick of an 1834 B-5 is a good one with the highest coin graded for the die marriage being two MS62 examples with a census that drops quickly to lower grades.  Considering the low mintages of reduced size bust quarters, which always attracted me, it's nice being able to find the difficult die marriages in lower collector grades.  The reduced size bust quarters are also very interesting to study with all of the die marriages that late die states with many obverse and reverse die cracks along with clashing.

With the exception of 1835, reduced size bust quarters had a lower mintage than all of the other silver denominations.  In 1835 the bust dime had the lowest mintage.  The reported mintages of reduced size bust quarters are below.

Year    Mintage    Die Marriages
1831    398,000      7
1832    320,000      2
1833    156,000      2
1834    286,000      5
1835    1,952,000   8
1836    472,000      5
1837    252,400      6
1838    366,000      1

Glenn Marx
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Our second contribution comes from David Perkins:

I’d like to announce that W. David Perkins Numismatics will be holding another Extraordinary Dime and Half Dime Sale at the 2018 ANA World’s Fair of Money in Philadelphia in August.  

As in our past sales, some lots will be offered via Fixed Prices and others through a Sealed Bid Sale.  The sale will offer examples for those collecting by date, type, die marriage, die state, and for those who like to own an example pedigreed to some of the great collectors of the past and/or one plated in one of the reference books.  In this case, this means Eliasberg, Gorman, David Davis, Russ Logan, and others.  Rare die marriages consigned at this time include a fair number of R-4 to R-6 die marriages.

All coins will be photographed in color (a few sample photos below) and described in detail in a catalog that will be sent electronically to all of those who are on my early half dime and dime distribution lists.  If you would like to be added to either or both distribution lists, please send your name and e-mail address to me at wdperki(at)attglobal.net.  If you are not sure if you are on one or both of these lists please send me an e-mail and I will verify this for you.  

W. David Perkins
Centennial, CO


Cell 303-902-5366







Sunday, May 27, 2018

JR Newsletter: 27 May 2018 (397)



Dave Wnuck wrote:

I recently purchased this coin (image below).  Both sides have hard mirrored surfaces, and the devices are frosty.  The coin is quite hairlined, but in hand the coin looks like a no question proof to the naked eye.  I don't believe this is a proof (they don't exist for 1837), but I am wondering if this was one of the coins that was called a proof by auction catalogers in earlier times. 

The photos are courtesy of the PCGS TrueView service.

I'm wondering if JR Newsletter readers have seen similar fully prooflike exampled of this variety.

Sincerely,
Dave Wnuck



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Jim Matthews wrote:

I have placed a number of interesting Capped Bust Dimes in the Great Collections auction (greatcollections.com) that closes after 8 PM Eastern Time (5 PM Pacific Time) today. There are some tougher die marriages, as well as a few late retained cuds to tempt buyers who have an interest in such things.

I’ve included an 1820 STATESOF JR-1 dime in PCGS XF40, which is a tough die marriage and a lot scarcer than the 1814 STATESOF dime in my experience. Also included is a nice but low grade example of the rare 1820 JR-12, R-5+ in PCGS AG03—PCGS has only graded 7 examples of this variety with the attribution on the holder (there are likely others without the attribution too, but not many).

I sent along a scarce 1827 JR-9 that’s graded PCGS VF25; this is a die marriage that is scarce in grades above fine, with PCGS having graded only 7 of these in all grades. I also consigned an 1827 JR-12 in NGC VG-08 from the Jules Reiver Collection—hard to believe the Reiver auction was over 12 years ago now, but his coins always have a special place in my heart.

In addition, there’s a pleasing 1831 JR-5 with a very late retained cud at UNI in PCGS VG-08, a popular issue when the cud is found this advanced. Check out the image, and you can see where a piece of that reverse die was just about gone from the rim to the tops of UNI.

Next in line is the 1832 JR-3 from the Eric P. Newman Collection, graded NGC AU58 CAC. This coin also shows advanced cracks and a retained cud on the lower right reverse at the arrows. Eric Newman wrote on his coin storage envelope (included with this lot) “Extraordinary die break on reverse which must have destroyed the entire bottom of the die. Very fine.  $3.00” Newman clearly liked this coin too!

Another rarity (R-5+) is of the 1833 JR-3 in PCGS VG08. PCGS has graded 8 examples of this elusive die marriage—most are tied up in long term collections. This example shows the retained cud that has formed from the final A of AMERICA to the top two arrowheads. That cud developed quickly on this reverse and is the reason this die marriage is so hard to find. 

I decided a few years ago to break up my hoard of 1834 JR-6 dimes with the triple die failure on the reverse. Among these, there’s a nice example graded PCGS XF40 with the reverse retained cud at ATES of STATES and another atop the final A of AMERICA through the three arrowheads. 

I hope some of these coins stay within the John Reich family of collectors!

Jim Matthews

Editor’s Note:  Here is a link to all of the Capped Bust Dimes being auctioned at Great Collections:  https://www.greatcollections.com/Series/30/Capped-Bust-Dimes