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Sunday
7 September 2008

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{Tag Archives} Coin World

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.

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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

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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

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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

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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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American Eagle sales begin with authorized buyers - Coin World

Some collectors who buy Uncirculated American Eagle gold, silver and platinum bullion coins wonder why they can’t buy the coins directly from the United States Mint instead of having to buy the issues from dealers on the secondary market.

The answer lies within the purpose of the American Eagle bullion coins: to enable investors to buy U.S. bullion coins at prices not much above the coins’ bullion values.

While some hobbyists collect the Uncirculated American Eagle bullion coins without Mint marks by date, those issues are intended to be investment vehicles. Their value is tied to the daily spot price of gold, silver or platinum, plus a premium.

Entire article: American Eagle sales begin with authorized buyers - Coin World

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‘Prooflike’ coins vary in their degree of clear reflectivity - Coin World

In virtually any series of coins, collectors may run across a designation of “prooflike” surfaces, but the term is most often encountered in regard to Morgan silver dollars.

It gained currency in the 1950s and 1960s as the last of silver dollar releases from Treasury Department vaults took place. Seemingly vast quantities of decades-old coins suddenly were becoming available in “Uncirculated” condition.

It was apparent even among all these never-used coins that there were substantial differences in overall appealing qualities. Some were “bag-marked” (heavily affected by contact marks). Some were toned from contact with canvas. Some had dull surfaces and others – exceptional pieces – were, well, “prooflike.”

Entire article: Coin World: ‘Prooflike’ coins vary in their degree of clear reflectivity

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