Coin Collecting News

Monday
13 October 2008

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{Category Archives} Coin World


Mint resurrects Fraser’s Indian Head 5-cent designs - Coin World

The 1913 Indian Head, Bison on Mound, 5-cent coin, as issued by the United States Mint, did not represent the designs and finish as sculptor James Earle Fraser had intended for the circulating coins.

The designs as seen on the 22-millimeter, Uncirculated 2008-W American Buffalo .9999 fine gold $10 coin more closely resemble what Fraser envisioned on the 21.21-millimeter 5-cent coin.

Read article: Mint resurrects Fraser’s Indian Head 5-cent designs - Coin World

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U.S. Mint picks clad coinage to cut production costs - Coin World

In 1965, the United States Mint began issuing the first of its clad coinage. A clad coin, in the case of the U.S. issues, is one in which outer layers of one metal or alloy are bonded to an inner core of another metal or alloy.

From 1793 to the mid-1960s, virtually all U.S. coinage compositions were either a pure metal (the copper half cents and cents of 1793 to 1857) or homogenous alloys of two or more metals. Only the 1943 Lincoln zinc-coated steel cent broke the mold…

Read article: U.S. Mint picks clad coinage to cut production costs - Coin World

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Pop quiz, can you name the State quarter designs featuring state outlines and mottoes?

There are several common threads in State quarter dollar designs. Two in particular come to mind immediately.

One is the frequency with which state outlines show up in the coin designs and the other is the number of State quarter dollars featuring some type of wording beyond what’s required by law.

Read article: Pop quiz, can you name the State quarter designs featuring state outlines and mottoes?

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First Mint marks appear on a variety of U.S. coins - Coin World

Here’s a numismatic trivia question. What is the common link with the following coins – the Wartime 5-cent coins, Seated Liberty dime and dollar, Coronet gold eagle and double eagle, Classic Head half eagle, a commemorative coin and a centavo?

Need another clue? Or was that too easy? The correct answer is that a coin among each type listed was the first United States coin to bear the Mint mark of one of the nine U.S. Mints or Branch Mints.

Read article: First Mint marks appear on a variety of U.S. coins - Coin World

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Many State quarter designs depict animal and man-made methods of transportation - Coin World

Some State quarter dollar designs move collectors more than others. And we’re not talking about the esthetic appeal of the designs themselves but what the design depicts.

Sixteen State quarter dollar designs feature some method of transportation – either an animal or man-made device.

Read article: Many State quarter designs depict animal and man-made methods of transportation - Coin World

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Half cents often underappreciated, overlooked in lifetime - Coin World

Overlooked and underappreciated during its time, not until recent years has America’s smallest denomination coin, the half cent, received wider respect.

For a variety of reasons, the small coin never circulated like its larger brother, the large cent. This lack of use fostered halting fits of production to meet an uneven demand, and during several gaps, the coin wasn’t issued.

Nevertheless, five different half cent design types were struck for the denomination while it was issued, on and off, from 1793 through 1857.

Read article: Half cents often underappreciated, overlooked in lifetime - Coin World

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33 billion and counting, Collectors can count on availability of State quarters for years - Coin World

Some recent newspaper headlines may have caught your attention. In June, auto analysts reported U.S. drivers traveled 30 billion miles less since November 2007 than in the same time period the year before.

In July, hyperinflation forced the price of a can of baked beans to 30 billion Zimbabwean dollars.

Read article: 33 billion and counting, Collectors can count on availability of State quarters for years - Coin World

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Looking for 1999 Georgia quarter dollar plunges collector into roll collecting - Coin World

The thrill of the hunt puts the “go” in “good morning” for many folks. Whether you’re looking for that special coin or note or some exotic plant for your backyard, being on the lookout for something keeps your mind sharp.

That’s what Lawrence N. Husbands of New Jersey found out as he began looking for 1999 Georgia quarter dollars.

Read entire article: Looking for 1999 Georgia quarter dollar plunges collector into roll collecting - Coin World

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Pre-U.S. Mint releases include unauthorized coin issues - Coin World

Before the Philadelphia Mint began to produce the first of the nation’s regular issue circulating coinage in 1793, multiple series of coins and tokens – some of them unauthorized, some even counterfeit – circulated on American soil.

Some of the issues are extremely rare, with only a fraction of their original mintages known to exist today.

Read entire article: Pre-U.S. Mint releases include unauthorized coin issues - Coin World

Filed in: Coin World, Counterfeit Coins, United States Mint

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Planning comes first for new dealers at local shows - Coin World

In advising someone who has never operated a coin show bourse table before, dealers from across the country agree that several things need to be considered before the day of the show – location, venue, pricing and equipment.

Locating a local show

A good place to start is locating a show at which you can set up a bourse table, agree BES Coin Shoppe owner Brian Fanton of Cedar Rapids, South Carolina Numismatic Association President Jim Barry and Bill Green who is the bourse table coordinator for the Diablo Numismatic Society’s 12th annual Contra Costa Coin Show in Concord, Calif.

Read entire article: Planning comes first for new dealers at local shows - Coin World

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Differences between coin wear, friction subtle but distinct - Coin World

There are distinct but often subtle differences between wear and friction, two factors that affect a coin’s grade.

Experts contacted by Coin World are mostly in agreement with what the two terms mean, and even mention specific series that are affected by each.

But, advanced and beginning collectors should be cautioned that it is no easy task to differentiate between wear and friction.

Read entire article: Differences between coin wear, friction subtle but distinct - Coin World

Filed in: Coin Certification or Grading, Coin World

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Alaska’s State quarter launch ceremony - Coin World

Alaska will be hosting its State quarter dollar launch ceremony Aug. 29 during the Alaska State Fair in Palmer.

The coin depicts a grizzly bear emerging from the water clutching a salmon in its jaw. The North Star is above the inscription the great land. Although we don’t know all the details yet on what kind of special touches the Alaska ceremony will have, we do know that the date coincides with a significant event at the fair.

Read entire article: Alaska’s State quarter launch ceremony - Coin World

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Coin market includes sight-seen, sight-unseen segments - Coin World

Trying to explain what sight-seen and sight-unseen bidding are is at once easy and confusing. “Sight-seen” and “sight-unseen” bidding are terms describing ways that dealers can buy and sell coins through dealer-to-dealer networks. But, it turns out, it’s much more complicated than that.

At the basic level, someone buying a coin “sight seen” has the option, once they’ve seen the coin, to buy it at a price already established between buyer and seller for a coin from a specific grading service and in a specific grade, or they can reject the purchase.

Read entire article: Coin market includes sight-seen, sight-unseen segments - Coin World

Filed in: Coin Dealers, Coin World, Uncategorized

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‘American’ classic ‘rarities’ not as rare as collectors think - Coin World

Collectors interested in United States copper large cents, issued from 1793 through 1857, have numerous ways to collect coins representing each of the six types that constitute the production.

Some coin rarities aren’t as rare as many collectors may have been led to believe. An 1804 silver dollar is but one coin that collectors of most means should be able to afford.

Entire article: ‘American’ classic ‘rarities’ not as rare as collectors think - Coin World

Filed in: Coin World, Large Cents, U.S. Coins

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Investing in the hobby - Coin World

Several collectors in Ohio and California report very different approaches to collecting State quarter dollars by the roll, although it is doubtful their state of residency has anything to do with how they collect.

Here are two more stories under the “why I collect rolls of State quarters” theme begun in the June 16 issue of Coin World, with collector comments published in the June 30, July 7 and July 14 columns.

Entire article: Investing in the hobby - Coin World

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Copper cents span six series from 1793 thru 1857 - Coin World

Collectors interested in United States copper large cents, issued from 1793 through 1857, have numerous ways to collect coins representing each of the six types that constitute the production.

A wealth of numismatic reference books, monographs and other published works is devoted to the entire time period as well as individual series at collectors’ disposal. The Early American Coppers club (EAC) was founded for collectors interested in becoming acquainted with other collectors with similar interests for the exchange of numismatic information and research.

Entire article: Copper cents span six series from 1793 thru 1857 - Coin World

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More folks acquiring rolls of State quarters than most collectors might imagine - Coin World

This week another coin collector and a dealer provide even more insight into this amazing hobby and why some people save rolls of State quarter dollars.

The topic of saving rolls of quarter dollars was first raised in this column in the June 16 issue of Coin World, with collector comments published in the June 30 and July 7 columns.

Entire article: More folks acquiring rolls of State quarters than most collectors might imagine - Coin World

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Condition Census still a valid tool for ranking coins - Coin World

In 1949, Dr. William H. Sheldon introduced the numismatic term “condition census” in his book Early American Cents, later renamed Penny Whimsy.

Condition census, according to Sheldon, denoted the finest example and average condition of the next five finest known of a given variety of large cents dated from 1793 through 1814.

Catalogers have gradually extended the use of condition census to other U.S. coin series. According to numismatic writer Q. David Bowers, the term has been used indiscriminately, sometimes to describe any coin that was in a particularly high grade category for its variety, regardless of how many others might share that category.

Entire article: Condition Census still a valid tool for ranking coins - Coin World

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Tale of two collectors - Coin World

Why some collectors acquire State quarter dollars by the roll is clearly a very individual decision.  “The State Quarters” column published in the June 16 issue of Coin World asked collectors who were acquiring two or more rolls of State quarter dollars three questions: “What are you doing with them? Are you putting them in albums? Are you making sets for others?”

In response to the questions, Jamie Goff of Minnesota writes that at one time he had accumulated 2,100 rolls.

Entire article: Tale of two collectors - Coin World

Filed in: Coin World, Commemorative Coins, U.S. Coins

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Standing on ceremony - Coin World

A local angle adds excitement, flavor to State quarter launch ceremonies

Did you see the Wells Fargo stagecoach deliver the 2008 Arizona quarter dollars to the launch ceremony in Phoenix on June 2? Did you get your free mint-flavored ice cream after the ceremony?

The Wells Fargo Bank N.A. supplied the Arizona quarter dollars given away to children and the $10 rolls exchanged at face value after the ceremony.

Entire article: Standing on ceremony - Coin World

Filed in: Coin World, Commemorative Coins

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