RCMR - 2022 #5 September/October

ADDITIONAL HIGHLIGHTS FROM THE UNFORGETTABLE COLLECTION

RareCoin MARKET REPORT

A Collectors Universe Company www.PCGS.com

Editor-in-Chief Joshua McMorrow-Hernandez

Advertising Director Rebecca Tran

Content Manager Arianna Tortomasi

Lead Designer James Davis

Numismatic Photographer Phil Arnold

Distribution Coordinator Joseph Facundo

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Printed in the United States. Copyright 2022 Collectors Universe, Inc. All rights reserved. Reproduction of any kind without written permission of the publisher is prohibited by law. PCGS Rare Coin Market Report is published bi-monthly by Collectors Universe, Inc. at P.O. Box 9458, Newport Beach, CA 92658. Postmaster, send address change to Rare Coin Market Report c/o PCGS, Publication Department, P.O. Box 9458, Newport Beach, CA 92658.

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SPEAKING OF COINS

Autumn is on our doorstep as we wrap up what was a very hot summer – certainly for those of us in the southern tier of the United States and for just about all of us in numismatics. It bears repeating, the coin market remains really hot, hot, hot. The COVID-19 pandemic set the market alight in early 2020 when millions of Americans were stuck at home with virtually nothing other to do but go through their closets, attics, and basements and rediscover their long-forgotten collectibles.

That metaphorical B12 shot our hobby saw in 2020 has now been supplanted by another overwhelming force that has kept numismatics strong – inflation. Our nation is now experiencing the worst inflation since the late 1970s and early ‘80s. And we’re not alone – inflation is hitting countries around the world. This is causing apprehension for many investors, particularly those who weren’t around back in those days, were too young to remember them (yours truly falls into this camp), or individuals who are closer to retiring yet are seeing their portfolios shrink as the daily cost of living grows. Many turn to coins during times like these because they represent a physical, hard asset that is (often) tied back to bullion and has a time-tested desirability as a collectible. That doesn’t mean someone buying coins right now will necessarily see net gains when they sell, but the market as of late – and at the moment of this writing – has certainly leaned rather heavily toward growth. Hence, coins have enjoyed continued demand as more and more investors and diehard numismatists place a larger share of their disposable income into the hobby than they may have a few years ago.

How long this lasts nobody knows, but we at PCGS offer a wealth of resources for everyone who wants to better understand the hobby and learn more about their favorite coins, banknotes, tokens, and medals. This issue is loaded with a wide range of educational and informational articles catering to a vast array of numismatic interests – Chinese coinage, early American coppers, classic banknotes, and Draped Bust varieties, plus much more. We also unveil the winners of the 2022 PCGS Set Registry Awards. Is your PCGS Registry Set among the winners? Don’t forget to check out our coin of the issue, a unique 1670-A French Colonies Copper Double De L’Amerique Francois, PCGS VF35. The rarity is part of the Sydney F. Martin Collection, which is featured in this issue alongside the 2021 American Eagle At Dusk and At Dawn 35th Anniversary Bullion Coins – all of which are offerings from Stack’s Bowers Galleries.

As I write this message, I am reflecting on the last quarter of this year. SOOOOO many things come around on the calendar during these last few months, don’t they? Holidays, festivals, and coin shows – some of the biggies remain on the 2022 docket, including the Long Beach Expo (September 29-October 1), the Whitman Winter Expo (October 27-29) in Baltimore, and the December PCGS Members Only Show in Las Vegas (December 7-9). PCGS offers on-site grading at both of these events, and it’s a great chance for some of us at the company to meet many of the folks reading this magazine. Will you be attending one of these shows? If so, please do stop by the PCGS booth and talk with the crew on the floor! The PCGS team is always here and always listening…

I’ve got a cup of pumpkin spice coffee calling my name… Catch you next time!

Sincerely,

Joshua McMorrow-Hernandez Editor-in-Chief, PCGS Rare Coin Market Report

We recently had the pleasure of purchasing the Big Three of U.S. Coins – the 1913 Liberty Head Nickel, 1894-S Barber Dime and 1804 Silver Dollar in a single record-breaking $13.35 million transaction. The deal was consummated within 24 hours. We have the strongest wantlists from major collectors worldwide. And we’re focused on crossing coins off one at a time. If you own any of the coins listed below, please call Ian or Andy today at 1-800-442-6467 x101 for our no obligation offer to purchase, as well as an auction proposal to be featured at GreatCollections. If you sell to us outright, you will receive immediate payment in full. If you consign to our auctions, we can advance up to 75% of the value of your coins, again, immediately. There is no deal too small, and no deal too big. Again, call Ian or Andy at 1-800-442-6467 x101 or e-mail ian@greatcollections.com

Half Disme Fine 15 PCGS

Half Dime VG10 PCGS

Disme Judd-10 SP25 PCGS

XF40 PCGS

PR62 PCGS

ON THE COVER

The 1670-A French Colonies Copper Double De L’Amerique Francois grades PCGS VF35 and is one of the unique offerings from the Sydney F. Martin Collection, a landmark cabinet that was assembled by one of the most notable numismatic scholars of the late 20th and early 21st centuries and that is now being offered by Stack’s Bowers Galleries.

Features

7 Sale of the Sydney F. Martin Collection Promises Unique Treasures, Seldom-Seen Rarities

Joshua McMorrow-Hernandez unveils some of the treasures from the collection of Sydney F. Martin, a numismatic scholar without peer whose legendary cabinet is now crossing the Stack’s Bowers Galleries block.

10 2022 PCGS Set Registry Awards

Jamie Kiskis and the PCGS team announce the winners of the 2022 PCGS Set Registry Awards, with hundreds of collections up for the honors this year, including many first timers.

20 PCGS Set Registry: British Colonial Coronation Year Sets Can Be Easy to Build

Sanjay Gandhi explores some fascinating sets with coins from overseas that scintillate the numismatic curiosity without breaking the bank.

23 The Real Story

Peter Anthony reveals Chinese coins honoring Lu Xun, a literary icon in China who wrote many of the nation’s greatest works.

29 Collector Spotlight: Tony Terranova

Tony Terranova isn’t just a collector and he isn’t just a dealer – he’s just a guy who builds some of the most prestigious sets for collectors, sells famous rarities, and contributes to many numismatic causes.

31 YN Corner: Coins on the Desk

Young numismatist Jack Vaughn explains how his love for coins grew from the common Lincoln Wheat Cents he stumbled upon growing up to a passion for the great rarities he encounters today.

50 2021 American Eagle At Dusk and At Dawn 35th Anniversary Bullion Coins

Joshua McMorrow-Hernandez reviews the 2021 American Eagle At Dusk and At Dawn 35th Anniversary Bullion Coins, specially struck by former United States Mint Director David Ryder and offered for sale by Stack’s Bowers Galleries.

Sale of the Sydney F. Martin Collection Promises Unique Treasures, SeldomSeen Rarities

By Joshua McMorrow-Hernandez

The sale of the Sydney F. Martin Collection promises to become one of the great auction series that numismatic historians will recognize alongside such landmark cabinets carrying names like Pogue, Eliasberg, and Garrett. The first coins crossed the block in August during the Stack’s Bowers Galleries Global Showcase Auction, with many of Martin’s historic coins hammering for impressive sums. It is no surprise, for Martin was one of the most important figures in the numismatic hobby.

A collector for decades, his passion for the hobby led him to become a true student of classic coinage spanning centuries and an educator whose research spawned five authoritative books, which include The Hibernia Coinage of William Wood (1722-1724), Saint Patrick Coinage: For Ireland and New Jersey, French Coinage Specifically for Colonial America, The Rosa Americana Coinage of William Wood, and Numismatic Commemorations of the 200th Birthday of George Washington in 1932 (published posthumously).

Famous and very rare 1733 Rosa Americana Twopence Pattern, PCGS PR62BN. Courtesy of PCGS TrueView.

Numismatist Sydney F. Martin addresses a room sharing his wit and wisdom with many. Courtesy of Stack’s Bowers Galleries.

Sydney F. Martin wrote several books on his favorite numismatic disciplines. Courtesy of Stack’s Bowers Galleries.

Stack’s Bowers Galleries Senior Numismatist Kevin Vinton reflects on the love Martin had for early American coppers. “One of his favorite series was the Connecticut Coppers, which many collectors find daunting because of the complexity and sheer number of die varieties. For Syd, they were appealing for exactly these reasons as he was never one to back down from a numismatic challenge. He built the most extensive collection of Connecticut Coppers ever formed, assembling nearly 350 different die varieties, which is over 98% of all known varieties. It was an incomprehensible job he did on the series.

“When Syd looked at Colonial America, he saw a Vast Early America,” relates Stack’s Bowers Galleries numismatic consultant John Kraljevich, who met Martin at local coin shows in eastern Pennsylvania three decades ago. “He considered not just the original 13 colonies that became the United States, but the West Indies, Canada, and so on. His approach was multi-dimensional, trying to understand the history and economics of the era as best he could. Every coin he bought, he bought so he could learn something from it. Every coin in his collection was a piece of a broader puzzle.”

Martin’s collection was indeed not merely an accumulation of coins. It was his library – a museum of relics he curated and from which he drew inspiration to share his original research with the rest of the world.

A thoughtful philanthropist and a willing teacher for many, Martin passed away at the age of 75 in 2021, leaving behind more than 15,000 coins spanning four centuries that will be offered for sale, some for the first time in decades. The first auction in August showcased New Jersey and Massachusetts Coppers, Higley Coppers, and Saint Patrick Coinage, among other series. An initial offering of Connecticut Coppers, Rosa Americana coinage, and an array of French Colonial coinage will soon be up for bids in Stack’s Bowers Galleries’ October Baltimore Auction. In the true spirit of Martin’s love for sharing the hobby with everyone, selections from his cabinet are obtainable for virtually every budget, with presale estimates ranging from $25 to more than $200,000.

“Syd Martin was a very kind and magnanimous human being,” recalls Stack’s Bowers Galleries Executive Vice President Christine Karstedt. “When I first came aboard, I couldn’t tell a Hibernia Halfpenny from a tulip. But he never held that against me and he was always willing to teach me.”

“Stack’s Bowers Galleries has been building the infrastructure to handle a collection like this for more than 50 years,” remarks Stack’s Bowers Galleries Vice President of Numismatics Vicken Yegparian, who remembers Martin as an ecumenical scholar who loved writing, was a fixture in the Colonial Coin Collectors Club, and was involved in his local historical society in Pennsylvania.

Kraljevich, looking back on Martin as a mentor who studied every coin, says, “When people buy something from his collection, they will buy a piece of that legacy.”

Joshua McMorrow-Hernandez has won multiple awards from the NLG and ANA for his work as a numismatic journalist and editor. He has been a coin collector since 1992 and enjoys all areas of United States coinage and U.S. minting history.

The only known example of 1786 Miller 4.1-H.2, one of several unique Connecticut Copper varieties in the Sydney F. Martin Collection. Courtesy of PCGS TrueView.

Historic (1781) Libertas Americana Medal in Silver, PCGS MS62. Courtesy of PCGS TrueView.

THE 2022 PCGS SET REGISTRY AWARDS

By Jamie Kiskis

It’s time, once again, to honor the best of the best in the PCGS Set Registry, a vibrant online collecting platform where more than 37,000-plus active members have built over 150,000 sets. Our Registry now boasts over 2.3 million coins worth over $2.3 billion! We continue to be the collector’s choice and leader in the industry with our commitment to celebrating all levels of collectors from around the world.

Coin collectors on the PCGS Set Registry range the gamut from those building circulation-grade common coins to rare coins that have sold for eight figures. PCGS is the founder of the Set Registry and continues to lead the market after more than 20 years. When we brought the PCGS Set Registry online in 2001, there were barely more than 300 sets registered, and in the following year, we honored 15 sets with awards. This year, we are celebrating more than 490 Gold and Platinum awards (up from 450 last year), as well as thousands of Best of Registry awards for set leaders.

We have built the most comprehensive Set Registry awards in the hobby, and we continue to innovate with new categories and ways to celebrate and encourage collecting. For example, we are proud to have expanded our Everyman’s Collection category with the all-new Everyman’s Mint State category that opens a new channel of collecting as the highest grade possible in these competitive sets is 64. This has been our fastest-growing

TOP CLASSIC SETS 1794-1964

Complete U.S. Type Set, Circulation Strikes (1792-1964) High Desert

Complete U.S. Type Set (1792-1964) D. L. Hansen US Type Set Complete (1792-1964)

Copper Type Set, Circulation Strikes (1793-1964) High Desert

Silver Type Set (1792-1964) D. L. Hansen Silver Type Set

Gold Type Set, Circulation Strikes (1795-1933) High Desert

Gold Type Set (1795-1933) High Desert

Gold Type Set 12 Piece, Circulation Strikes (1839-1933) - CAC Black Cat

category and the awards this season recognize those efforts with several Best New Sets winners.

In addition to the many U.S. sets we offer, we also continue to recognize the efforts of World Coin collectors, where we have focused on and cultivated advances in Europe, Africa, Canada, and Australia amongst other areas.

It is truly an exciting time to be a part of the coin collecting industry. You have chosen to utilize the free-to-use Set Registry to manage your inventory, track updated pricing, communicate with a large community of collectors, and compete for the best in each category.

Congratulations to all the 2022 PCGS Set Registry winners, and good luck to all who are building sets on the PCGS Set Registry. Your dedication to collecting is an inspiration to our community overall and our team of passionate collectors is available to help you along your journey. We appreciate you and want to share your accomplishments with the rest of the industry. Thank you.

Happy collecting,

Jamie Kiskis Vice President of Brand Development Collectors

Gold Type Set 12 Piece, Circulation Strikes (1839-1933) - CAC

First Year of Issue Type Set (1793-present) D. L. Hansen. First Year Type Set

Complete

20th Century Gold Type Set, Circulation Strikes (1900-1933) High Desert

Complete U.S. Coin Design Set (1792-present) High Desert

Half Cent Type Set (1793-1857) Jim_McGuigan

Large Cent Type Set, Circulation Strikes (1793-1857) High Desert

Dollar Type Set (1794-present) boiler78

U.S. Coins Complete Basic Set, Circulation Strikes (1792-present) D. L. Hansen U S Coins Complete (1792-present)

U.S. Twenty Cents Complete Set, Circulation Strikes and Proof (18751878) Black Cat U.S. Twenty Cents Complete Set, Circulation Strikes and Proof (1875-1878)

U.S. $20 Gold Complete Set with Major Varieties, Circulation Strikes (1850-1932) D.L. Hansen. $20 Gold Complete. (1850-1932)

Half Cents with Major Varieties, Circulation Strikes and Proof (1793-1857)

Jim McGuigan

Half Cents with Major Varieties, Circulation Strikes (1793-1857) High Desert

Half Cents Basic Set, Circulation Strikes (1793-1857) High Desert

Large Cents with Major Varieties (With the four Ultra Rarities), Circulation Strikes (1793-1814) High Desert

Large Cents with Major Varieties, Circulation Strikes (1839-1857) High Desert

Large Cents with Major Varieties (With the four Ultra Rarities), Circulation Strikes and Proof (1793-1857) D. L. Hansen Large Cents Circulation and Proof (1793-1857)

Large Cents Die Variety Set by Sheldon, Circulation Strikes (1793) Golden State Collection

Large Cents Die Variety Set by Newcomb, Circulation Strikes (1816-1839) drtom's middle date large cents by newcomb number

Indian Cents with Major Varieties, Proof (1859-1909) Falcon Major

Indian Cents Basic Set, Proof (1859-1909) Falcon Basic

Indian Cents Complete Variety Set, Proof (1859-1909) Falcon Complete

Lincoln Cents Classic Set, Circulation Strikes (1909-1964) D. L. Hansen.

Lincoln Cent Classic Set. (1909-1964)

Lincoln Cents Basic Set, Circulation Strikes (1909-1958) D. L. Hansen.

Lincoln Wheat Ears. (1909-1958)

Lincoln Cents Short Set, Circulation Strikes (1909-1933) The Ehreth Collection

Shield Two Cents Complete Variety Set, Circulation Strikes (1864-1872)

Legal Two Cents

Three Cent Nickels with Major Varieties, Circulation Strikes and Proof (1865-1889) tompet38

Three Cent Silvers with Major Varieties, Circulation Strikes (1851-1872) D.

L. Hansen Three Cent Silver

Buffalo Nickels with Major Varieties, Circulation Strikes and Proof (19131938) The JDG Trust Collection

Buffalo Nickels Basic Short Set, Circulation Strikes (1934-1938) JDG Trust Collection

Early Half Dimes Basic Set, Circulation Strikes (1792-1837) D. L. Hansen

Early Half Dimes (1792-1837)

Capped Bust Dimes with Major Varieties, Circulation Strikes (1809-1837)

The Link Early American Silver Major Variety Set of Capped Bust Dimes

Mercury Dimes FB Complete Variety Set, Circulation Strikes (1916-1945)

MONSTERS OF THE MIDWAY

Liberty Seated Dimes with Major Varieties and 1873-CC No Arrows, Circulation Strikes (1837-1891) Jason Feldman

Barber Dimes with Major Varieties, Circulation Strikes and Proof (18921916) D. L. Hansen. Barber Dimes Circulation & Proof(1892-1916)

Mercury Dimes FB with Major Varieties, Circulation Strikes and Proof (1916-1945) MERC MADNESS

Twenty Cents with 76-CC, Circulation Strikes (1875-1876) Hansin Collection Twenty Cent W/1876cc Circ.

Draped Bust Quarters Die Variety Set by A.W. Browning, Circulation Strikes (1796-1807) Three Sisters Collection

Barber Quarters Date Set, Circulation Strikes (1892-1916) RSD

Barber Quarters Basic Set, Circulation Strikes (1892-1916) RSD

Standing Liberty Quarters with Major Varieties, Circulation Strikes (19161930) John Q Little

Capped Bust Half Dollars with Major Varieties, Circulation Strikes (1807-

1839) Link Early American Silver Capped Bust Halves with Major Varieties Set

Liberty Seated Half Dollars with Major Varieties, Circulation Strikes (1839-1891) D. L. Hansen Liberty Seated Half Dollars (1893-1891)

Barber Half Dollars with Major Varieties, Circulation Strikes and Proof (1892-1915) D. L. Hansen. Barber Half Dollar. (1892-1915)

Trade Dollars with Major Varieties, Circulation Strikes (1873-1878) Black Cat Trade Dollars with Major Varieties, Circulation Strikes (1873-1878)

Trade Dollars, Proof (1873-1885) D. L. Hansen Trade Dollar Proof Set

Trade Dollars Chop Mark Set, Circulation Strikes (1873-1878) David Reimer Chop Marked Trade Dollar Collection

Morgan Dollars with Major Varieties, Proof (1878-1921) Driftwood Proof

Morgan Varieties

Morgan Dollars Top 100 VAM Set, Circulation Strikes (1878-1921) Andy Hansen

Morgan Dollars Long Arrow Shaft VAM Set, Circulation Strikes (1878) Knockin on Heaven's Door

Morgan Dollars Thornhead Set, Circulation Strikes (1921-S) Ramblin’ Rose

Peace Dollars, Circulation Strikes (1921-1935) M. E. Lesniewski

Peace Dollars Super Set, Circulation Strikes (1921-1935) AFA71

One Dollar Gold with Major Varieties, Circulation Strikes and Proof (1849-1889) D. L. Hansen. One Dollar Gold Complete. (1849-1889)

Complete $2-1/2 Gold Date Set, Circulation Strikes (1796-1929) D. L.

Hansen $2 1/2 Gold Date Collection

$3 Gold No 1870-S Basic Set, Circulation Strikes (1854-1889) D.L. Hansen

$3 Gold Collection

$3 Gold Mintmark Set, Circulation Strikes (1854-1889) D.L Hansen

Collection

Complete $5 Gold Date Set, Circulation Strikes (1795-1929) D. L. Hansen. Five Dollar Gold Date Set (1795-1929)

Liberty Head $5 Gold with Major Varieties, Circulation Strikes (18391908) D. L. Hansen. $5 Gold / Major Varieties (1839-1908)

Complete $20 Gold Date Set, Circulation Strikes (1850-1932) D.L. Hansen Collection

Liberty Head $20 Gold Basic Set, Circulation Strikes (1850-1907) D.L. Hansen Collection

Liberty Head $20 Gold with Major Varieties, Circulation Strikes (18501907) D.L. Hansen $20 Gold. (1850-1907)

St. Gaudens $20 Gold with Major Varieties, Circulation Strikes (19071932) HALFDOME

Silver Commemoratives 50 Piece Type Set, Circulation Strikes (1892-1954)

J & L Commemorative Type Set

Gold Commemoratives 11 Piece Set, Circulation Strikes (1903-1926) NiceGold

TOP MODERN SETS 1950-PRESENT

Modern Type Set, Circulation Strikes (1950-present) D. L. Hansen Modern Type Set (1950-Present)

Silver, Gold, Platinum & Palladium Eagles Complete Set, Circulation Strikes and Proof (1986-present) OBSESSION

Lincoln Cents Basic Set, Proof (1909-Present) Red Copper Collection

Lincoln Cents with Major Varieties, Circulation Strikes (1959-Present) The Ehreth Collection

THE 2022 PCGS SET REGISTRY AWARDS

Lincoln Cents Complete Variety Set, Circulation Strikes and Proof (1909-Present) D. L. Hansen Lincoln Cents Variety Set

Lincoln Cents Complete Variety Set, Circulation Strikes (1909-Present) VarietySeeker

Lincoln Memorial Cents Complete Variety Set, Proof (1959-2008) D. L.

Hansen Lincoln Memorial Complete Set (1959-2008)

Lincoln Cents Toned Basic Set, Circulation Strikes (1909-present) Terry's Coins of Color

Jefferson Nickels FS with Major Varieties, Circulation Strikes (1938-present)

D. L. Hansen Jefferson Nickels FS (1938-Present)

Jefferson Nickels with Major Varieties, Proof (1938-present) D. L. Hansen

Jefferson Nickels Proof

Jefferson Nickels FS Complete Variety Set, Circulation Strikes and Proof (1938-Present) KCV comp var Circ/Prf

Jefferson Nickels FS Complete Variety Set, Circulation Strikes (1965-Present) Ray Overby

Roosevelt Dimes with Major Varieties and 1975 No S, Proof (1950-present)

The Halcyon Collection

Roosevelt Dimes FB Basic Set, Circulation Strikes and Proof (1946-Present)

The Halcyon Collection

Roosevelt Dimes FB with Major Varieties, Circulation Strikes and Proof (1946-Present) The Halcyon Collection

Washington Quarters with Major Varieties, Circulation Strikes and Proof (1932-Present) D. L. Hansen. Washington Quarters (1932-Present)

Washington Quarters Complete Variety Set with all Die Varieties, Circulation Strikes (1932-Present) The Brodie Collection

Washington Statehood Quarters Basic Set, Circulation Strikes and Satin

Finish (1999-2008) Arthur V Epstein State Quarter Collection

Franklin Half Dollars FBL Basic Set, Circulation Strikes and Proof (19481963) D. L. Hansen Franklin Half Dollars FBL. (Circulation & Proof)

Franklin Half Dollars FBL Complete Variety Set, Circulation Strikes (1948-1963) Docjp

Franklin Half Dollars Complete Variety Set, Proof (1950-1963) Insanity of a Privateer

Kennedy Half Dollars Complete Variety Set, Circulation Strikes and Proof (1964-Present) The Acadia Collection

Eisenhower Dollars with Major Varieties, Circulation Strikes and Proof (1971-1978) Wondercoin’s (Mitchell Spivack) Comprehensive Mint State & Proof Eisenhower Dollar Collection

Presidential Dollars with Major Edge Errors, Circulation Strikes and Satin

Finish (2007-2016, 2020) Elsmore Collection - Presidential Dollars with Major Edge Errors, Circulation Strikes and Satin Finish (2007-2016, 2020)

Presidential Dollars First Day of Issue Complete Set with Edge Errors, Circulation Strikes (2007-2011) Elsmore - Presidential Dollars First Day of Issue Complete Set with Edge Errors, Circulation Strikes (2007-2011)

TOP MINT, PROOF & YEAR SETS

2009-Present Mint Set with Major Varieties lostmountainman

1950-Present Mint Set with Major Varieties lostmountainman

1800-1899 Mint Set with Gold D. L Hansen (1800-1899) Mint Set with Gold

1815 Mint Set The Early American Silver 1815 Mint Set

1793 Mint Set High Desert

1936-Present Proof Set ErasmusHall

1936-Present Proof Set with Major Varieties D. L. Hansen 1936-Present Proof Set with Major Varieties

1857 Proof Set Sebastian

TOP BEST COLONIALS, PRIVATE ISSUES & TERRITORIAL GOLD, PATTERN & MEDALS

Early American Coins and Tokens Basic Design Set (1616-1820) Alamo Collection

Oak Tree Silver Basic Set (1660-1667) Regulated

Pine Tree Silver Basic Set (1667-1682) Regulated

Connecticut Coppers Basic Set (1785-1788) Alamo Collection

Utah Gold (Mormon 1849-1860) FallRiverCoins

Hawaii, Circulation Strikes (1847-1883) Maunalani

Philippines Complete Set, Proof (1903-1908) The Maharlika Collection

Complete Set, Proof

Philippines One Peso, Circulation Strikes and Proof (1903-1936) Bmilstead

Trade Dollar Patterns - Short Set (1873) Black Cat Trade Dollar PatternsShort Set (1873)

TOP LOW BALL SETS

Copper, Nickel and Silver Type Set, Low Ball (1792-1964) FINEST KNOWN!

Dollar Type Set, Low Ball (1794-1978) LOW Hanging Fruit

Barber Quarters, Low Ball (1892-1916) Low Hanging Fruit

Liberty Seated Half Dollars, Low Ball (1839-1891) Colorfulcoins

Morgan Dollar Top 100 Vam Set, Low Ball (1878-1921) Reel Coug Morgan

Top 100 VAM Low Ball

TOP EVERYMAN COLLECTIONS

Everyman 19th Century Type Set No Gold (1800-1899) The Cumberland Valley Collection

Everyman Gold Type Set 12 Piece (1839-1933) Renaissance

Everyman Shield Two Cents (1864-1872) George's Legacy

Everyman Liberty Nickels (1883-1912) George's Legacy

Everyman Barber Dimes (1892-1916) Everyman Barber Dimes

Everyman Walking Liberty Half Dollars (1916-1947) T&JW WLH

Everyman Set

Everyman Peace Dollars (1921-1935) W.R.Bowen III Everyman Toned Peace Dollar Collection

TOP NEW SETS FOR 2022

BEST WORLD SETS OVERALL

20th Century Gold Series, Proof (1908-1915) Koessl Matte Proof Gold Collection

Jefferson Nickels FS with Major Varieties, Circulation Strikes (1965-present) Huskers

Mercury Dimes Complete Variety Set, Circulation Strikes (1916-1945) THE WINDY CITY COLLECTION

Eisenhower Dollars Complete Silver Set, Circulation Strikes and Proof (1971-1976) DLH Eisenhower Silver Set

Indian Head $5 Gold, Circulation Strikes (1908-1929) HALFDOME

Indian Head $10 Gold Basic Set, Proof (1908-1915) Koessl Matte Proof Gold Set

St. Gaudens $20 Gold with Major Varieties, Circulation Strikes (19071932) - CAC Elite Collection

1933 Mint Set with Gold Elite Collection

Philippines Complete Classic Set, Circulation Strikes (1903-1945) The Maharlika Collection Complete Classic Set, Circulation Strike

Everyman Mint State Indian Cents (1859-1909) chugum

Everyman Mint State 20th Century Type Set Major Types With Gold (1900-1999) FrankEveryman 20th Cent Gold

Everyman Mercury Dimes (1916-1945) Everyman Mercury Dimes

Everyman Mint State Mercury Dimes (1916-1945) KozMc Everyman's Mint

Mercury Dimes

Everyman Mint State Barber Quarters (1892-1916) chugum

Everyman Mint State Carson City Morgan Dollars (1878-1893) Quiver

Collectibles

BEST DIGITAL ALBUM

Lincoln Cents Toned Basic Set Circulation Strikes (1909-1958)

LINCOLNCENTMAN

BEST FROM AFRICA

BEST FROM ANGOLA

Angola Portuguese Colony Complete Set, Circulation Strikes (1921-1974) thush

BEST FROM BENIN

Benin Cannabis Sativa Series, Proof (2010-2019) Hashtag

BEST FROM CONGO

Congo (Free State) Centime Copper Set, Circulation Strikes (1887-1894) EML Collection

Congo (Republic) 10 Francs Essai, Special Strikes (1965) EML Collection

BEST FROM EGYPT

Egypt Abdul Hamid II Denomination Type Set, Circulation Strikes (18761909) RareRounds TopPop - World's Finest

Egypt Fuad I Coinage Complete Set, Proof (1933) Lord Egypt Collection

Egypt Fuad I Coinage Complete Set, Circulation Strikes (1922-1935) Lord Egypt Collection

Egypt Fuad I Silver Coinage Piastres, Circulation Strikes (1923-1933) Lord Egypt Collection

Egypt Fuad I Gold Coinage Master Type Set, Circulation Strikes (19221932) Lord Egypt Collection

Egypt Farouk Coinage Complete Set, Circulation Strikes (1937-1952) Lord Egypt Collection

Egypt Farouk Coinage Complete Set, Specimen (1938-1944) Lord Egypt Collection

Egypt Farouk Coinage Complete Set, Proof (1937) Lord Egypt Collection

Egypt United Arab Republic Gold and Silver Basic Set, Circulation Strikes (1959-1972) Lord Egypt Collection

THE 2022 PCGS SET REGISTRY AWARDS

BEST FROM GAMBIA

Gambia Colonial Complete Set, Circulation Strikes (1966-1970) RGS III

Gambia Colonial Complete Set, Proof (1966-1970) RGS III

BEST FROM GHANA

Ghana Standard Coinage, Circulation Strikes (1958) thush

Ghana Decimal Pesewa Coinage, Circulation Strikes (1965-1984) thush

BEST FROM MAURITIUS

Mauritius Elizabeth II Rupee, Circulation Strikes (1956-1978) Cannonball

BEST FROM NIGERIA

Nigeria Complete Set (British Protectorate), Circulation Strikes (1959-1962) Still in Circ

Nigeria Complete Set (British Protectorate), Proof (1959) Still in Circ

BEST FROM RHODESIA BRITISH COLONY

Rhodesia Republic Denomination Type Set, Circulation Strikes (19701977) JBW

BEST FROM RHODESIA & NYASALAND

Rhodesia & Nyasaland 1/2 Penny, Circulation Strikes (1955-1964) JBW

Rhodesia & Nyasaland Penny, Circulation Strikes (1955-1963) JBW

BEST FROM SEYCHELLES ISLANDS BRITISH COLONY

Seychelles Islands British Crown Colony Complete Set, Circulation Strikes (1939-1975) Cannonball!

Seychelles Islands Rupee, Circulation Strikes (1939-1974) Cannonball!

BEST FROM SOUTH AFRICA

South African Penny, Circulation Strikes (1892-1898) SouthernAurora

South African George V1 5 Shillings, Circulation Strikes (1947-1952) E.P.B. COLLECTION.

South African George V1 5 Shillings, Prooflike (1948-1952) SWvdM

South African George V1 5 Shillings, Proof (1947-1952) SWvdM

South African Elizabeth II 5 Shillings, Prooflike (1953-1960) SWvdM

South African Elizabeth II 5 Shillings, Proof (1953-1960) SWvdM

South African Elizabeth II 1/2 Pound & Pound, Proof (1953-1960) AFA71

South African George V Sovereigns, Circulation Strikes (1923-1932) mklprescott@gmail.com

1896 South African Year Set SouthernAurora

BEST FROM SOUTHERN RHODESIA

Southern Rhodesia Complete Set, Circulation Strikes (1934-1954) Cannonball!

Southern Rhodesia 1/2 Crown, Circulation Strikes (1932-1954) Cannonball!

BEST FROM ASIA

China Anhwei Province 10C, Circulation Strikes (1897-1898) YY安徽壹角

China Anhwei Province 20C, Circulation Strikes (1897-1901) YY安徽壹角

China Chihli Province 10C, Circulation Strikes (1896-1899) TAIPEI

COLLECTION 北洋一角

China Chihli Province 50C, Circulation Strikes (1896-1899) guohand

China Fukien Province Denomination Type Set, Circulation Strikes (18441932) TCzuibang

China Hupeh Province 10C, Circulation Strikes (1894-1909) TAIPEI

COLLECTION 北洋一角

China Yunnan Province 50C, Circulation Strikes (1908-1949) TCzuibang

People's Republic of China Complete Set, Proof (1981-2000) Sun

People's Republic of China Early Hard Cent Complete Set, Circulation Strikes and Proof (1955-1978) 202yi

People's Republic of China Commemoratives Complete Set, Circulation Strikes (1984-Present) 大兵008（普通纪念币大集合 普制）

Panda Gold 100 Yuan (1 oz) with Varieties, Circulation Strikes (1982-2000) Martin's 1 oz pandas and all varieties 1982 to 2000 complete

China Manchoukuo Fen, Circulation Strikes (1933-1945) TCzuibang

BEST FROM HONG KONG SAR

Hong Kong Elizabeth II 1000 Commemorative Dollars Gold, Proof (19751986) sportsnutsf

BEST FROM INDIA

India Rupee Silver Basic Set, Circulation Strikes (1835-1945) Anil Gupta

India Sovereigns, Circulation Strikes (1918, 2013-present) BRIAN'S INDIA SOV....

BEST FROM ISRAEL

Israel Pruta Complete Set, Proof (1949) J & D Fishman Collection

BEST FROM JAPAN

Japanese Non-Gold Reform Coinage Denomination Type Set (1948-present) Ohtani's Perfect Set of Japanese Non-Gold Reform Coinage Denomination Type (1948-present)

Japanese Non-Gold Reform Coinage Denomination Type Set (1948-present) Japanese Non-Gold 1948-present

Japanese Hirohito 50 Sen, Circulation Strikes (1928-1948) Jsalmon - Japan - 50 Sen (1928-1948)

BEST FROM PALESTINE

Palestine Complete Set, Circulation Strikes (1927-1946) The Palestine Collection

BEST FROM PHILLIPINES - SPANISH COLONIAL

Palestine Complete Set, Circulation Strikes (1927-1946) The Palestine Collection

BEST FROM PHILLIPINES REPUBLIC

BEST FROM CEYLON

Ceylon 5 Cents Basic Set, Circulation Strikes (1870-1945) Cannonball!

BEST FROM CHINA

China Empire Denomination Type Set, Circulation Strikes (1736-1911) TCzuibang

Philippines Silver Commemoratives Basic Set (1947-Present) Modern Commemoratives

Philippines Gold Commemoratives Basic Set (1970-1999) Yam's Collection

BEST FROM SAUDI ARABIA

Saudi Arabia Kingdom Coinage Set, Specimen (1937) The Smith Collection

BEST FROM SINGAPORE

Singapore Lunar $10 Silver, Proof (1981-1992) Singapore Lunar 1

BEST FROM SYRIA

Syria Republic Complete Set, Circulation Strikes (1947-1958) Brandywine

Syrian Republic (1947-1958) Set

Syria United Arab Republic Complete Set, Circulation Strikes (1958-1960) Brandywine Syria UAR Complete Circulation Strikes Set (1958 - 1960)

BEST FROM TURKEY

Turkish Ottoman Empire Muhammad V Silver Denomination Type Set, Circulation Strikes (1909-1918) atom

BEST FROM EUROPE

French West Africa Complete Essais Set, Specimens (1948-1957) thush

French Cameroon Complete Set, Circulation Strikes (1924-1958) thush

BEST FROM GERMANY

Bavaria 3 Mark Complete Set, Circulation Strikes (1908-1919) C. Knox collection

Hamburg 3 Mark Complete Set, Circulation Strikes (1908-1914) C. Knox collection

German States 3 Mark Complete Set, Circulation Strikes (1908-1918) C. Knox collection

German States 3 Mark Type Set, Circulation Strikes (1908-1918) C. Knox collection

German States 3 Mark One From Each State, Proof (1908-1918) C. Knox collection

German Empire Type Set, Circulation Strikes (1873-1922) Johnjohn10

German 25 Pfennig Basic Set, Proof (1909-1912) Johnjohn10

German 1/2 Mark Basic Set, Circulation Strikes (1905-1919) Sheffield Collection No. 7

German Third Reich 2 Reichspfennig Basic Set, Circulation Strikes (19361940) Hans Gruber

German Third Reich 2 Reichmark Basic Set, Circulation Strikes (19361939) Blitzkrieg

German 5 Reichsmark Commemoratives Date Set, Circulation Strikes (1925-1932) Munzen mit Kopf Munzzentrum-Durr

BEST FROM AUSTRIA

Austrian Gold Vienna Philharmonic 1/10 oz, Circulation Strikes (1991-present) GDH

BEST FROM BULGARIA

Bulgarian Principality 10 Stotinki Basic Set, Circulation Strikes (18881917) Milen Ivanov

Bulgarian Principality 50 Stotinki Silver with 1916 Basic Set, Circulation Strikes (1883-1916) Milen Ivanov

Bulgarian Principality 10 Leva and 20 Leva Gold Basic Set, Circulation Strikes (1894-1912) Santutso

BEST FROM DENMARK

Denmark 2 Kroner Basic Set, Commemorative Strikes (1888-1958) Badger Hound

Faeroe Islands Basic Set, Circulation Strikes (1941) Badger Hound

BEST FROM FINLAND

Finland 50 Pennia, Circulation Strikes (1907-1917) thush

BEST FROM FRANCE

French 50 Centimes, Franc, 2 Franc Multi Denomination Set, Circulation Strikes (1897-1920) Typetone

French 20 Francs Gold Rooster, Circulation Strikes (1899-1914) Rooster

Roster

French 100 Francs Gold Angel, Circulation Strikes (1878-1914) orpailleur

French 5 Centimes, Circulation Strikes (1898-1921) Geonaute

French 10 Centimes, Circulation Strikes (1898-1921) Geonaute

French Centime, Circulation strikes (1962-2001) kwayoo

French West Africa Complete Set, Circulation Strikes (1944-1957) thush

German Third Reich Type Set, Circulation Strikes (1933-1948) johnjohn10/ War-Buff

German 5 Mark Basic Set, Circulation Strikes (1951-1974) "Jaeger 387"

German 5 Mark Commemoratives, Circulation Strikes (1968-1990) DDRMunzen

German 10 Mark Commemoratives, Circulation Strikes (1966-1990) GermanCoins.com

German 5 Mark Commemoratives, Proof (1952-1986) Germancoins.com

BEST FROM GREAT BRITAIN

British Five Guineas Type Set, Circulation Strikes (1668-1753) paulmenzies428@hotmail.com

British George VI Basic Set, Circulation Strikes (1937-1952) RGS III

British Elizabeth II Basic Set, Circulation Strikes (1953-1967) RGS III

British Silver and Copper Type Set Victoria, Circulation Strikes (18371901) Burns Collection

British Victoria Five Pounds Gold Date Set, Proof (1839-1893) Paul Menzies Ltd

British Elizabeth II Gold Five Pound Commemeroative Date Set, Proof (1990-present) thelondoncoincompany

British Elizabeth II Half-Sovereign Date Set, Proof (1980-present) DGA

British George III Crown Date Set, Circulation Strikes (1818-1820) Trident Collection

British Victoria Three Pence Maundy Date Set, Prooflike (1838-1901) chrisnapolitano

British Victoria Silver Penny Maundy Date Set, Prooflike (1838-1901) chrisnapolitano

British Victoria Three Halfpence with Varieties, Circulation Strikes (18381862) deepblue30

British Victoria Halfpenny Date Set, Circulation Strikes (1838-1901) wybrit

THE 2022 PCGS SET REGISTRY AWARDS

British Elizabeth II 2 Pounds Silver Britannia Basic Set, Proof (1997-present) derollins

British Elizabeth II Ten Pence Basic Set, Circulation Strikes (1968-present) deepblue30

British Elizabeth II Twenty Pence Date Set, Circulation Strikes (1982-present) deepblue30

British Elizabeth II Fifty Pence Basic Set, Circulation Strikes (1969-present) deepblue31

British Elizabeth II Two Pound Basic Set, Circulation Strikes (1986-present) deepblue30

British Elizabeth II Ten Pence Coin Hunt A-Z Basic Set, Circulation Strikes (2018) deepblue30

British 1911 Proof Set CaliBrit Collection

BEST FROM GREECE

Greece 10 Lepta Basic Set, Circulation Strikes (1828-1973) Hermes

BEST FROM IRELAND

Irish Shilling Date Set, Circulation Strikes (1928-1968) Clio's Irish Shillings

Irish Florin Date Set, Circulation Strikes (1928-1968) Eoin

BEST FROM LITHUANIA

Lithuania Republic Complete Set, Circulation Strikes (1925-1936) Greenas_a

BEST FROM NETHERLANDS

Netherlands East Indies Ship Gulden, Circulation Strikes (1802) Idris

BEST FROM SPAIN

Spain 20 Pesetas, Circulation Strikes (1887-1904) jorgetierno

Spain 25 Pesetas, Circulation Strikes (1876-1885) jorgetierno

BEST FROM SWITZERLAND

Swiss 2 Silver Francs, Circulation Strikes (1850-1967) Sheffield Collection No. 3

Swiss Shooting Festival Commemoratives, Circulation Strikes (1842-1939)

Swiss Shooting Talers (by Seba & Paddy)

Swiss Shooting Festival Commemoratives 50 Francs (1984-present) 49ermatt

BEST FROM UKRAINE

Ukraine Commemoratives 5 Hryven, Circulation Strikes (1998-Present) Tryzub

Ukraine Commemoratives Silver 10 Hryven (1996-Present) Tryzub

BEST FROM NORTH AMERICA

BEST FROM BAHAMAS

Bahamas Dollars, Circulation Strikes and Proof (1966-1980) Old Coin Dawg --- Bahamas Dollars

Bahamas 5 Dollars, Circulation Strike and Proof (1966-1991) Bill Old Coin

Dawg $5 Bahamas coins

BEST FROM BRITISH HONDURAS

British Honduras Complete Set, Circulation Strikes (1885-1973) Cannonball!

British Honduras 25 Cents, Circulation Strikes (1894-1973) Cannonball!

British Honduras 50 Cents, Circulation Strikes (1894-1971) Cannonball!

BEST FROM BRITISH CANADA

Canadian Coins Complete Set with Varieties, Circulation Strikes (18581952) Lantern Collection

Canadian Coins Complete Basic Set, Circulation Strikes (1953 to date)

Lantern Collection

Canadian Coins Complete Set with Varieties, Circulation Strikes (1953 to date) Lantern Collection

Canadian Complete Cents Set with Varieties, Circulation Strikes (18582012) Lantern Collection

Canadian Silver Type Set, Circulation Strikes (1858-1967) Burns Collection

Canadian Victoria Cents with Varieties, Circulation Strikes (1858-1901)

Uncommon Cents

Canadian Large Cents with Varieties, Circulation Strikes (1858-1920)

Uncommon Cents

Canadian Large Cents, Specimens (1858-1912) Uncommon Cents

Canadian Elizabeth II Cents with Varieties, Circulation Strikes (19532012) Romaldkirk Collection

Canadian Nickel Five Cents Basic Set, Circulation Strikes (1922 to date)

Canadian Beaver Hunter

Canadian Elizabeth II Ten Cents with Varieties, Circulation Strikes (1953 to date) Lantern Collection

Canadian Victoria Ten Cents with Varieties, Circulation Strikes (18581901) ATHENA

Canadian Elizabeth II Silver Ten Cents, Proof-Likes (1953-1967) Burns Collection

Canadian Victoria Twenty and Twenty-Five Cents Basic Set, Circulation Strikes (1858-1901) ATHENA

Canadian Edward VII Twenty-Five Cents Basic Set, Circulation Strikes (1902-1910) Perth Collection

Canadian Elizabeth II Twenty-Five Cents Basic Set, Circulation Strikes

(1953 to date) Lantern Collection

Canadian Elizabeth II Twenty-Five Cents with Varieties, Circulation Strikes (1953 to date) Lantern Collection

Canadian Silver Twenty-Five Cents Basic Set, Proof-Likes (1949-1967) Burns Collection

Canadian Edward VII Fifty Cents with Varieties, Circulation Strikes (1902-1910) Perth Collection

Canadian Fifty Cents with Varieties, Proof-Likes (1951 to date) Lantern Collection

Canadian Silver Dollars with Varieties, Circulation Strikes (1935-1967) * MR SATKI - 8/19 DAD

Canadian Silver Dollars with Varieties, Proof-Likes (1949-1967) SMK Collection

Canadian George V and VI Dollars with Varieties, Circulation Strikes (1935-1952) + + OttoFlynt

Canadian Complete Gold Set, Circulation Strikes (1909-1919) Lantern Collection

Canadian Silver Maple Leaf Privy Set (1998 to date) RGS III

Canadian Gold $50 Maple Leaf (1979 to date) Hooter8387

1900 Canadian Mint Set Lantern Collection

1913 Canadian Mint Set with Gold Lantern Collection

1965 Canadian PL Set Burns Collection

BEST FROM CUBA

Cuban 20 Centavos, Circulation Strikes (1915-1952) Jorge Zaragozí

Cuban Peso, Circulation Strikes (1915-1953) Virginia Transplant

Cuban Complete Gold Peso Set, Circulation Strikes (1915-1916) Jorge Zaragozí

BEST FROM DOMINCAN REPUBLIC

Dominican Republic Early Republic, Circulation Strikes (1844-1897)

Fernando Baez Guerrero

Dominican Republic Centavo, Circulation Strikes (1937-1989) Federico Ornes (Ornesgem)

Dominican Republic 1/2 Peso, Circulation Strikes (1937-1990) Fernando Baez Guerrero 1/2 Peso (A)

BEST FROM GREENLAND

Greenland Complete Set, Circulation Strikes (1926-1944) White Bear Collection

BEST FROM GUATEMALA

Guatemala Quetzal Gold Set, Circulation Strikes (1926) Pasadena Collection

BEST FROM HAITI

Haitian Silver 50 Gourdes, Proof (1973-1983) Fernando Baez Guerrero 50G (A)

Haitian Silver 100 Gourdes, Proof (1977-1981) Fernando Baez Guerrero

Haitian Gold 100 Gourdes, Proof (1967-1973) Fernando Baez Guerrero

BEST FROM HONDURAS

Honduras Silver Lempira, Circulation Strikes (1931-1937) Pasadena Collection

BEST FROM MEXICO

Mexican Branch Mint 8 Reales Type Set, Circulation Strikes (1823-1897) daniel.whyman (2)

Mexican Empire of Maximilian Type Set, Circulation Strikes (1864-1867) libertycoin

Mexican Silver Peso Date Set, Circulation Strikes (1866-1945) Charlie's Silver Pesos

Mexican Silver 50 Centavos, Circulation Strikes (1905-1945) The Villaseñor 50 Centavos 1905-1945 Resplandor Collection

Mexican Silver 100 Pesos Commemoratives (1985-1992) Francisco J. Munoz

Mexican 2 Onza Silver, Circulation Strikes (1996-present) SOUTH OF THE BORDER

Mexican Onza Silver, Circulation Strikes (1982-present) RickJones

Mexican 1/4 Onza Silver, Proof (1992-present) Blazer Rip City Libertads!

Mexican 1/2 Onza Gold, Proof (1989-present) Great Day

BEST FROM PANAMA

1904 Panamanian Proof Set elp21091966

Panama Type Set, Circulation Strikes (1904-1962) elp21091966

BEST FROM PUERTO RICO

Puerto Rico Decimal Coinage, Circulation Strikes (1895-1896) BOOM

BEST FROM SOUTH AMERICA

BEST FROM BOLIVIA

Bolivia 1/2 Sol Basic Set, Circulation Strikes (1827-1863) luis

Bolivia 4 Soles Basic Set, Circulation Strikes (1827-1860) luis

BEST FROM PERU

Peru 1/2 Dinero Basic Set, Circulation Strikes (1893-1917) greg2

Peru Dinero Basic Set, Circulation Strikes (1893-1916) AJBRAMI

BEST FROM SOUTH OCEANIA

BEST FROM AUSTRALIA

Australian Three Monarchs Basic Set, Circulation Strikes (1911-1964)

THE 2022 PCGS SET REGISTRY AWARDS

Timbertop

Australian George V Basic Set, Circulation Strikes (1911-1936) Timbertop

Australian George VI Basic Set, Circulation Strikes (1938-1952) Timbertop

Australian 1/2 Pennies, Circulation Strikes (1911-1936) Timbertop

Australian Pennies with Major Varieties, Circulation Strikes (1938-1952)

Timbertop

Australian Pennies with Major Varieties, Circulation Strikes (1911-1936)

Timbertop

Australian Pennies Complete Basic Set, Circulation Strikes (1911-1964)

Timbertop

Australian Threepence Complete Set, Circulation Strikes (1910-1964)

Timbertop

Australian Sixpence Complete Set, Circulation Strikes (1910-1963)

Timbertop

Australian Florin Complete Set with Major Varieties, Circulation Strikes (1910-1963) Timbertop

Australian Complete Half Sovereign Basic Set, Circulation Strikes (18551918) Ground Swell Collection

Australian George V Half Sovereigns, Circulation Strikes (1911-1918)

Ground Swell Collection

Australian Victoria Sydney Mint Sovereigns Basic Set, Circulation Strikes (1855-1870) CB Sydney Mint Gold

Australian Victoria Shield Reverse Sovereigns, Circulation Strikes (18711887) CB Gold Collection

Australian Victoria Jubilee Head Sovereigns Basic Set, Circulation Strikes (1887-1893) CB Gold Collection

Australian Victoria Jubilee Head Sovereigns with Varieties, Circulation Strikes (1887-1893) EurekaCollection

Australian Melbourne Mint Sovereigns, Circulation Strikes (1887-1931)

CB Gold Collection

Australian Edward VII Sovereigns, Circulation Strikes (1902-1910)

Australian Earth Edward VII Sovereigns

Australian George V Sovereigns, Circulation Strikes (1911-1931) CB Gold Collection

Australian Florin Commemorative Set, Proof (1927-1954) msn

1934 Australian Proof Set msn

Australian One Cents, Proof (1966-2010) Milty

Australian Two Cents, Proof (1966-2010) Milty

Australian Five Cents, Circulation Strikes (1966-Present) BCM

Australian Five Cents, Proof (1966-present) Milty

Australian Ten Cents, Proof (1966-present) Milty

Australian Twenty Cents, Circulation Strikes (1966-Present) Timbertop

Australian Twenty Cent Commemoratives, Circulation Strikes (1995-Present) emu666

Australian Twenty Cents, Proof (1966-present) Milty

Australian Fifty Cents, Circulation Strikes (1966-Present) BCM

Australian Fifty Cents Commemoratives, Circulation Strikes (1966-Present) Timbertop

Australian Fifty Cents, Proof (1966-present) Milty

Australian Dollars with Commemoratives, Circulations Strikes (1984-present) Timbertop

Australian Dollars Date Set, Proof (1984-present) Big Red

Australian Two Dollars Complete Set, Circulation Strikes (1988-present)

Timbertop

Australian Perth Mint Sovereigns $25, Proof (2009-present) OZZGOLD

Australian Opal Series Silver Dollars Complete Set, Proof (2012-present)

StarEagle Australian Opal Series

Australian Kookaburra Silver Dollars, Circulation Strikes (1992-present) ridgeline-coins

Australian Lunar Silver Dollars (1 oz), Circulation Strikes (1999-present) The Lunatic Collection

Australian Koala Silver Dollars (1 oz) Complete Set (2007-present)

Oldsmagnet Koalas Master Set

Australian Lunar Gold $5 (1/20 oz), Circulation Strikes (1996-present) cfgbirder

Australian Lunar Gold $100 (1 oz), Circulation Strikes (1996-present) Miksa Gold Lunar 1996-Present

BEST FROM FIJI

Fiji Complete Basic Set, Circulation Strikes (1934-1968) Cannonball!

Fiji Pennies, Circulation Strikes (1934-1968) Cannonball!

Fiji One Ounce $2 Silver Bullion (2010-present) Spearme a turtle

BEST FROM NEW GUINEA

New Guinea Complete Set, Circulation Strikes (1929-1945) Cannonball!

BEST FROM NEW ZEALAND

New Zealand Sixpence Complete Set, Circulation Strikes (1933-1965)

Aurum

New Zealand Shilling Complete Set, Circulation Strikes (1933-1965) Aurum

BEST FROM PALAU

Palau Complete Skull Set (2016-present) .:Desmond:. Skulls

BEST FROM TUVALU

Tuvalu Complete Set, Circulation Strikes (1976-1994) Cannonball!

Tuvalu The Simpsons Series (2019-Present) Lubah's Tuvalu The Simpsons Series (2019-present)

BEST MULTI-COUNTRY

World Coins Manufactured by Mints of the United States Type Set

Pasadena Collection

100 Greatest Women on Coins The Good Collection

World Wildlife Fund 25th Anniversary Coin Collection, Proof (1986-1989) Cannonball!

YOUNG NUMISMATISTS

Long Beach Expo Treasure Hunt Set for Kids Danielle's

British Colonial Coronation Year Sets Can Be Easy to Build

By Sanjay Gandhi

In 2015, when Queen Elizabeth II became the longest-reigning ruler in England’s history, she made the following statement:

"Inevitably a long life can pass by many milestones — my own is no exception — but I thank you all and the many others at home and overseas for your touching messages of great kindness.”

Queen Elizabeth II has been at the helm of the throne for 70+ years. According to Wikipedia, “The Queen's Official Birthday (alternatively the King's Official Birthday when the monarch is male) is the selected day in the United Kingdom and most Commonwealth realms on which the birthday of the monarch is officially celebrated in those countries. It does not necessarily correspond to the date of the monarch's actual birth.”

Crossing, more than four miles northwest where the Beatles were photographed on September 8, 1969, at EMI Studios for the album cover of Abbey Road . A coronation consists of the monarch, king or queen, being crowned in a ceremony that may involve religious ceremonies. Coronation ceremonies have been conducted all over the world throughout time. In some countries, special coinage has been struck to commemorate the occasion of the newly appointed monarch. Once the coronation ceremony has ended at Westminster Abbey in Great Britain, the monarch leaves wearing the crown, which is part of the Crown Jewels. On June 2, 1953, Queen Elizabeth II wore the imperial state crown at her coronation which consists of the following precious materials; gold which is decorated with 2,868 diamonds, 269 pearls, 17 sapphires, 11 emeralds, and four rubies. The coronation ceremony within England remains mostly unchanged to this day.

The inaugural coronation ceremony of Great Britain first started with the Norman Conquest in 1066 at Westminster Abbey – not to be confused with Abbey Road Westminster

In the previous PCGS Set Registry article, we highlighted sets that were easy

1953 Great Britain VIP Crown, PCGS PR67DCAM. Courtesy of PCGS TrueView.

Imperial State Crown worn by Queen Elizabeth II on coronation day June 2nd, 1953. A public domain image courtesy of Wikimedia.

The famous Abbey Road photograph featuring the Beatles. A public domain image courtesy of Wikimedia Commons.

for collectors to build within the U.S.

Set Registry. An Australian Set Registry member was first to request a coronation set titled, Australian Elizabeth II Coronation Year Set, Circulation Strikes (1953); which requires six denominations for completion and the top spot currently is held by a member known as “paulw663” who has an MS67 threepence boasting a population of one! We decided to continue to further expand upon a member's request and PCGS has added 15+ coronation sets from the countries of Australia, Great Britain, Canada, South Africa, and New Zealand. Almost all of these sets may be started with a fairly low budget, with the exception of the sets encompassing gold. PCGS acknowledges that not everybody can afford to complete coinage struck during an entire monarch's reign. We are hopeful that the introduction of these sets will allow more collectors to participate without large budgetary constraints.

A few sets have been added under the country of Great Britain, which are somewhat easy for a collector to start with. King George V of England was crowned on June 22, 1911, his official first day in office as a monarch. We have constructed two sets for members to build from the reign of King George V. The first we offer members is titled Great Britain George V Coronation Year Set, Circulation Strikes (1911), which contains eight denominations, and the second set is called Great Britain George V Coronation Year Set with Gold, Circulation Strikes (1911), containing 10 denominations.

Collectors from New Zealand may choose to build a set known as New Zealand Elizabeth II Coronation Year Set, Circulation Strikes (1953). This set consists of eight denominations and can be completed on a fairly low budget in high grades. Another rather affordable set Canadian collectors may choose to build is the Canada Elizabeth II

Coronation Year Set, Circulation Strikes (1953), containing six denominations. Will Great Britain ever witness a longerreigning ruler than Queen Elizabeth II? More than likely not. But then again, anything is possible. During a cricket test match, cricketer batsman strive to reach the “century” or 100-run milestone as an achievement. On the chess board, the queen is the most powerful piece and can move freely in almost any direction – up, down, horizontally, vertically, and diagonally on the board. We wish Queen Elizabeth II the best of health and may she continue to move freely beyond the 100-year mark.

Our Set Registry info page states that, “The PCGS Set Registry is a powerful inventory management tool built for coin collectors of all levels.” It is, and we strive to continue to improve the Set Registry experience for all with your participation. The PCGS Set Registry has sailed past the 150,000+ set mark since its inaugural launch online in 2001. We continue moving further beyond that lofty milestone each and every day with new members joining the ranks. We strive to deliver the best experience to every member who participates within the PCGS Set Registry. Without your input, questions, feedback, and continued support, we could not offer the best Set Registry experience available. Thanks again and happy collecting, folks!

Sanjay Gandhi is a senior content manager at PCGS. His knowledge base consists of a wide variety of world coinage, and he has a great appreciation for toned coins that display vibrant colors. In addition to contributing content to PCGS Rare Coin Market Report, he also assists collectors with the PCGS Set Registry.

1953 New Zealand Florin, PCGS MS66. Courtesy of PCGS TrueView.

American Women Quarters Special Label

PCGS is excited to offer a new label to our Collectors Club members and Authorized Dealers! This exciting new label was inspired by J. Howard Miller's "We Can Do It!" poster (also called "Rosie the Riveter"), which was used to boost the morale of female workers during World War II in the 1940s. The iconic artwork later saw a resurgence in popularity during the 1980s, when it was used to promote feminism and other social topics. This limited-edition label is available for pairing with the U.S. Mint’s American Women Quarters Program while supplies last.

See Guidelines: PCGS.com/Labels/WomenQuarters

The Real Story

By Peter Anthony

the boy recalls, “Fresh, vegetable scents — of beans and waterweed — mingled with the mist rising off the river, hazily enveloping the moon.”

The tale is set in 1912, or 10 years before it was written. The destination of the nighttime journey is a larger village where an opera is being staged outdoors. The much-anticipated performance would be the highlight of a city boy’s holiday visit to his country relatives.

As the boat arrives, “My eyes were drawn first to the stage, looming out of an empty common just beyond the village proper […] as we hurriedly moored, we saw a spearwielding man with a long, black beard and four banners stuck to his back, fighting with a troupe of bare-chested men […] succeeded by a woman who began shrilling an aria.”

The writer of Village Opera was born in Shaoxing city, Zhejiang Province, China, in 1881. It was during the closing years of imperial rule, the Guangxu Reign (1875-1908) of the Qing Dynasty. His parents named him Zhou Shuren; the pen name Lu Xun came decades later. Several medals mark this birth year. For instance, there are both silver and brass versions of this 40-millimeter-diameter design. They were struck at the Shanghai Mint in 1981 for the 100th anniversary of Lu Xun’s birth. The brass medal’s mintage is recorded as 2,000.

Three Lu Xun medals that have his birth and death dates. Upper two are 10 grams silver each and originally sold as a pair in an enameled box. The bottom example is one ounce silver, has a 40-millimeter diameter, and was minted by the Shanghai Mint in 1981. Courtesy of the author.

In imperial times the scholarship system conferred status and government positions to the relatively few who passed the examination. Zhou Shuren was born into a family of distinguished scholars. However, when he was 13 years old, his revered grandfather was arrested as part of a civil service examination scandal. At first both Zhou Shuren and his father hid in the countryside. Under Qing Dynasty law the relatives of an arrested person could also be imprisoned.

By the time the pair returned home to Shaoxing the father — also a recognized scholar — had turned to drink and fell seriously ill. As the oldest able-bodied male, the family often sent Zhou Shuren to pawnshops to sell off heirlooms. His treatment by the pawnbrokers would never be forgotten. “Anyone who has come down in the world will, in the process, see the true face of society,” Lu Xun wrote later.

Shaoxing has deep roots in Chinese history; almost 3,000 years ago it was already a state capital. Today, it is an hour away by train from Shanghai, but in 1881 this was a more arduous journey. Socially and technologically, Zhou Shuren‘s Shaoxing was much like it had been for generations. Money meant round cash coins with square holes in the center. These were cast in molds much as in ancient times. Chinese businesses needed something else, though: machine-struck coins that would be acceptable in international trade. In 1887, the government agreed and the Kwangtung (Guangdong, or Canton) Mint was authorized and outfitted to produce coinage with a dragon design. Other mints in cities like Nanjing, Shenyang, and Chengdu soon followed. Lu Xun grew up familiar with both forms of money.

Many parts of society were also transformed in this era; music, for instance. Until the late 19th century sound had never been recorded – not once. When a performance ended it was gone… That’s all folks. Then, in 1877, the first sound recording was made. It wasn’t high fidelity, but in all of human history nothing like this had ever existed before. Within a year, China’s first envoy to England, Guo Songtao, saw a sound machine at an exhibition in what is now the Victoria and Albert museum in London. He was quite enthusiastic about the device, but for many years it did not become popular in China. Too fragile and too poor in quality was the consensus.

Over time the gramophone’s sound quality improved as did its popularity. In 1901, Shanghai was the site of the world’s first stereo recording — of an opera. Nonetheless, for people like the boy in a Village Opera, recorded sounds were not yet a part of their world. Sound players were a great luxury and the outlook for most of China’s population was bleak. For example, in the Village Opera story, while the boy loves to get away from the city and his studies, he recognizes that none of the children (and probably none of the adults) in his ancestral

village can read, or write.

Already as a young man, Zhou Shuren realized that stale thinking shackled his country as much as its political system did. So, in 1902, he broke with his own family’s customs to study scientific medicine in Japan, courtesy of a Chinese government scholarship. In Asia, Japan was the first to adopt western technology and many in China applauded.

As can happen, events did not follow Zhou Shuren’s plans. Between 1904 and 1905, while he studied medicine in Sendai, a war broke out between Japan and Russia. The battle was over control of Korea and Northern China. Japan won, the first victory for an Asian nation over a Western power.

A year later, Zhou Shuren attended a biology lecture. After the regular content the Japanese professor gave the class a bonus: war photos. One of the images showed an alleged Chinese scout for the Russians as he was about to be beheaded by Japanese soldiers. The Chinese students in the class seemed unmoved. Years later Lu Xun described that moment, “Every face was utterly, stupidly blank […] if (a country’s) people were intellectually feeble, they would never become anything other than cannon fodder […] the first task was to change their spirit; and I decided that literature and the arts were the best means to this end.”

Zhou Shuren abandoned medicine, but the scholarship continued for three more years. So, he remained in Japan to study and write. In Tokyo, he tried to establish a literary journal called “Vita Novae” (New Life). He also published articles on the history of science and philosophy. Two volumes of short stories that he and his younger brother wrote were published.

In 1909, short on funds, he returned to Shaoxing to work as a teacher and school administrator. It was neither a happy nor a prosperous time for the young man.

There is an old song that goes, in part, “To turn, turn will be our delight, Till by turning, turning we come around right.” In 1911, China turned and so did Zhou Shuren’s fortunes. The Xinhai Revolution ended imperial rule and he was soon employed by the new National Ministry of Education. In this position he moved first to Nanjing and then Beijing.

His duties for the Ministry included supervising the restoration of the Jingshi Library (now the National Library) and the preparation of the History Museum. During this time, he became interested in the role of numismatics in China’s past. In Beijing’s Liulichang district he sought out ancient coins and eventually cataloged more than 1,300 types. The heart of this district is still filled with art galleries, bookstores, and a coin shop that sells modern Chinese coins.

During the Southern Song Dynasty, the writer Hong Zun published a study of ancient coins from the pre-Qin to the

Five Dynasties and Ten Kingdoms. Lu Xun used his own research to add 700 years of numismatic history to this work. As part of this effort he also compiled and organized the first comprehensive catalog of Song Dynasty coins. This was completed in 1913.

The revolutionary literary journal New Youth solicited and published his story, Diary of A Madman, in 1918. No Chinese author had ever satirized traditional Chinese morality through everyday expressions like this. “Diary” was also the first time the pen name “Lu Xun” was used.

Gongmenkouertiao Road in Beijing is a small, quiet street today. The buildings on it may even date back to the Qing Dynasty. At the far end a large gate with red columns opens to the Lu Xun Museum. Inside is a garden and several Lu Xunrelated sculptures. Nearby is the small single-story flat that Lu Xun lived in at one time. From the outside the museum does not look grand, but, like a good book, there is more to it than meets the eye. Most of the exhibits are below ground level. It is a popular field trip destination for elementary school students who pore over the displays with their teachers

The first room is a gallery of Lu Xun photos. Downstairs, other galleries trace the author’s development. Lu Xun was not only a great writer, but also a talented artist. Books that he both wrote and illustrated are exhibited along the walls. One case contains a Dragon and Phoenix Pattern Dollar coin. Lu Xun, together with two colleagues, designed this, but it was never approved for production.

After 1918, Lu Xun was famous. In December of 1919, he, his younger brother, and their families moved to a house in the Xizhimen district, northwest of the Forbidden City. This

home attracted many guests, including Mao Zedong in April 1920. After a fall out with his brother, Lu Xun moved into the home on Gongmenkouertiao Road in 1924. There, he stayed active as a teacher, political author, and published two journals of writing by young Chinese writers.

On March 18, 1926, soldiers killed 46 people and injured 200 at a peaceful protest in Beijing. Two of Lu Xun’s own students were among the dead. Lu Xun called it, “The blackest day since the founding of the Republic.” An arrest order was reportedly issued for him soon afterward. Perhaps tipped off, he quietly left the city.

This time period was also when he first showed signs of tuberculosis. After Beijing, Lu Xun spent the following years in Xiamen, Guangdong, and Shanghai while he continued to teach, study, and write – especially about politics – until his passing in 1936.

One of Lu Xun’s best-known short stories is, The Real Story of Ah-Q. This satire skewers every level of traditional Chinese society. The tale follows the adventures of, basically, the village idiot who subsists on day jobs and mucks his way through frequent humiliations. Through it all, Ah-Q deludes himself into believing things are going his way.

One day he clumsily proposes to a maid and is thereafter shunned by everyone. Reduced to poverty he leaves the village only to return newly prosperous months later. For a short while the mystery of his good fortune earns him respect, but it doesn’t last. When rumors of a revolt against the government reach the town, he fancies himself a rebel who will overturn the social order. It’s all a fantasy, as he never joins anything, but his talk has real consequences.

A copper plaque (left) designed by Mr. Chen Jian in 1988. Fabricated at the Shanghai Mint. To the right is the obverse and reverse of a 1994 60-millimeter-diameter copper medal designed by Mr. Chen Jian. Minted by the Shanghai Mint. Courtesy of the author.

Lu Xun taught at levels from middle school to university. He is featured on this 2014 medal for the eighth anniversary of Lu Xun Memorial Hall at the high school attached to Nanjing Normal University. The medal is 60 millimeters in diameter, contains 100 grams of .999 silver, and has a mintage of 36. In the background is Xiamen University where Lu Xun once taught. Courtesy of the author.

At the end of the film Casablanca , police captain Renault covers up a crime with the order, “Round up the usual suspects.” In like fashion, Ah-Q is arrested for a major robbery he was not part of. The innocent and witless Ah-Q is then paraded around town guarded by soldiers in the back of a cart as an example to others. Only then does it even occur to him what his fate will be. Ever the fool, he comes to terms with his own execution as just the sort of thing that happens sometimes in life.

One of the finest medals to honor Lu Xun illustrates characters from The Real Story of Ah-Q, along with other stories. Struck at the Shanghai Mint in 1994, it is the work of master designer Chen Jian who not only designed the first Panda and many other coins, but is also a native of Shaoxing like Lu Xun. It began in 1988 when Mr. Chen graduated from East China Normal University. For his final project he carved a portrait of Lu Xun for a copper plaque. Only 10 of these were cast.

This image became the basis for the 1994 medal that merges Lu Xun’s portrait and calligraphy on the obverse. The reverse side is filled with figures like Ah-Q and Kong Yiji, the sad-sack character of another famous short story. Hints of Shaoxing help weave the pieces of the author’s life together.

When he passed away Lu Xun was eulogized in newspapers as “The Soul of the Nation.” Mao Zedong said of him, “Lu Xun’s bones are the hardest. He has no servility and charming bones.” It is said that as long as someone is remembered they are not truly dead. Lu Xun himself wrote, “If the deceased is not buried in the heart of a living person, he will surely die.”

Lu Xun remains alive in the minds of readers around the

world, in the minds of the children who visit his museum, as well as in the collections of numismatists. Just before the museum exit there is a gift shop. In one showcase is a pin with the logo of Peking University on it. This logo was designed in 1917 by Lu Xun and the school continues to use it, a perfect exonumia souvenir of a writer who saw the true face of society.

Lu Xun designed the logo for Peking University in 1917. This pin features the university logo. It is composed of enameled base metal and has a 35-millimeter diameter. Courtesy of the author.

Peter Anthony is a PCGS consultant on modern Chinese coins and is the author of The Gold and Silver Panda Coin Buyer's Guide 3, a two-time Numismatic Literary Guild winner. He is also the publisher of China Pricepedia , a monthly journal and price guide for modern Chinese coinage.

COLLECTOR SPOTLIGHT

TONY TERRANOVA

Don’t put Tony Terranova in a box. He might curate his own cabinet of coins, and he may buy and sell coins, but he eschews labels like “collector” or “dealer.” He just is… And what is he? One of the hobby’s foremost experts in Colonial coins, early Federal coinage, pre-1933 U.S. gold, and so much more.

His decades of numismatic expertise trace back to around 1959, when a young Tony noticed that the wheat ears he had grown accustomed to seeing on the reverse of the Lincoln Cent were no longer on new pennies landing in his hands. “It was the first time in my life that I recalled noticing something different about coins. I asked my dad about it, and he said they change designs on coins sometimes.” He also took note when the U.S. Mint removed silver from coinage beginning in 1965. “I really got involved in collecting Buffalo Nickels that came in through my family’s bakery business in the mid ‘60s. I had champagne taste with a beer budget and got involved in buying and selling coins itself around 1971.”

By 1976, a friend of Terranova’s asked him to go into business with him. “I had a pretty good job at the time,” Terranova recalls. “He used to see me at the local New York coin shows. He came in and said, ‘You went to this show… What did you buy?’ And I told him I bought this and sold it for that. And to make a long story short, he held up a calculator and showed me exactly what I was making on the side with coins. I quit my job and went to work with him, and the rest is history.”

Along the way, Terranova became interested in half cents, large cents, and Colonial coins. He remembers, “Nobody really graded Colonial coins back then – they were just sold for a price. And what I was good at was pricing coins. I had good intuition.” Yet, he didn’t rest on his laurels of good

business sense. He always kept open ears, open eyes, and an open mind, willing and eager to learn more.

“I made my avocation become my vocation. When people ask me when I’ll retire, I always tell them I retired in 1977 when I went into the coin business full time. I took a hobby and paid my bills with it.”

One of his many fortes is building prestigious sets. “I built some really good collections along the way, including some magnificent sets of 1796-1807 Quarters, 1794-1803 Dollars, 1795-1807 $5 Half Eagles, 1795-1804 $10 Eagles, and Liberty $10 Eagles.” He also built advanced Colonial variety sets and assisted philanthropic numismatist Joseph Lasser in assembling a set of Colonial coins that he eventually donated to the Colonial Williamsburg Foundation in Virginia.

If there’s a coin Terranova hopes to own someday, it’s a Brasher Doubloon. “It always escaped me. I could’ve bought it back when it was $250,000 or $300,000, but I didn’t have the money back then. Today, it’s a $5 million coin. But I’ve owned or had a piece of some pretty good coins over the years – the 1804 Dollar and the King of Siam Proof Set, I had a 1907 Extremely High Relief Saint-Gaudens Double Eagle, and I’ve had a rare-date gold coin in every series.” No matter what coin he’s buying, he lives by his own advice. “Buy great coins with great surfaces and great color. Not good – great.”

Education is also a key element of his numismatic philosophy. “Teach yourself as best you can. Read books! Read them… Learn all you can about the series you want to collect. Then get acquainted with people who know more than you do.” He adds, “I never stop learning. I learn something new every day.”

The 1787 Fugio Cent with American Congress reverse. Courtesy of PCGS TrueView.

Coins on the Desk

YOUNG NUMISMATIST YOUNG NUMISMATIST

By Jack Vaughn

My name is Jack Vaughn, and I am a 22-year-old numismatist living in Charlottesville, Virginia. I never precisely knew who or what got me into collecting coins. Growing up, I would go to my grandparents’ house to mow the lawn weekly. As weeks went on, I found myself looking through their jar filled with pocket change. Usually, I would find a few Lincoln Wheat Cents, generally some common dates from the 1940s and ‘50s, but never any silver coins. Nobody introduced me to coins. I just always found myself gravitating back towards them.

If coins could talk, imagine the stories they would tell. I remember eating pizza at the downtown mall when I noticed a coin shop directly across from us. Once I walked in, coins permanently sparked my interest. The high prices marked on the holders of some coins discouraged me from looking at them. I was young. Why look at the expensive stuff when I could buy Wheat Cents out of a tub and choose the dates? I purchased my first Wheat Cent album, along with the star of my small collection: a cull 1857 Flying Eagle Cent that I knew absolutely nothing about.

Wheat Cents per box, and only a few, if any, silver dimes were found with each box.

Despite my relatively scant findings, what I found intriguing about coin-roll searching was that it teaches a new appreciation for how rare things are. If you go through enough coins, you start to pick up on subtle nuances. The design relief by year, composition, average wear, remaining color, general look, etc. With more experienced eyes, I naturally started finding more things in circulation.

For example, a pre-1970 copper Lincoln Cent in full Red is something I would notice when I came across it. I am not suggesting this is a rare find, but amongst circulating pocket change, finding a Red 1969-S Lincoln Memorial Cent is just as eventful as finding a cull Wheat Cent. The inexperienced eye may skip right over that. I also learned about other things, such as the differences between machine doubling and hub doubling. To a lot of new collectors, it can be challenging to understand the differences. Once you do, though, it is hard to unsee.

Lincoln Wheat Cents were among Vaughn’s early collecting finds. Courtesy of PCGS TrueView.

Years went on, and my collection slowly grew. High school came around before I discovered coin-roll hunting, which became a new obsession. I went to the bank and withdrew what I could afford in change. A box of pennies is $25, a box of nickels is $100, dimes go for $250, and so on. Generally, I was looking through pennies and dimes. I averaged about 20

It was not until college that I really started to amp up my collection. I began selling the stuff I did not care about and placing that money into better, more exciting coins. People commonly refer to this as pruning a collection. I had also been working more consistently and, consequently, could save more money. Over time, I began building a type set. To afford this, I sold coins I already owned – most of which were the coins I found in circulation years ago. Eventually, all my original circulation finds were gone. I had graduated to buying and selling coins to upgrade my sets. For a while, I was so tunnelvisioned into the hobby that I never realized I had begun profiting off these coins as I sold them through my business platform (on Instagram, @numisjatics). Since then, it has been an upward climb. The expensive coins I once overlooked as a child became the ones “on my desk this week.”

Above profits, my main goal is to gain exposure and learn everything I can. I would rather move hundreds of higher-end coins through my hands at a break-even point than sit on a few coins to make a negligible profit. I want to grade coins for a living one day. If that is to become a possibility, I need to get my eyes on everything I can, and a lot of it.

Jack Vaughn is a 22-year-old numismatist from Virginia. Courtesy of Jack Vaughn.

PCGS Grades First New 1800 Draped Bust Dime Variety in Nearly Three Decades

By Edward Van Orden & Dylan Dominguez

In the world of numismatics, one often hears the enthusiastically exclaimed, “You never know what's going to come through the door!” We at PCGS are excited at the prospect of this old adage every day, and what better than a newly discovered variety from a long-revered and studied series to fit the bill?

A previously unknown die marriage of the 1800 Draped Bust, Heraldic Eagle Half Dime was recently submitted to PCGS for grading. Newly designated as Logan McCloskey-5 (LM-5) with “Obverse 3” and “Reverse C,” it becomes the 12th-known die marriage in the series (1800-1803, 1805) and the first new die marriage discovered in almost 30 years. It also represents the only unique coin by die marriage within the entire Bust Half Dime series, surpassing in rarity the 1800 LM-4 (two to three known), the 1801 LM-1 (five known, most with problems), the 1833 LM-5 (seven known), and even the famous 1802 (35-40 known), which shares the same reverse!

The first thorough investigation into Flowing Hair and Draped Bust Half Dimes was published by Harold P. Newlin in 1883. His die study, A Classification of the Early

1800 Obverse 3 LIBERTY Half Dime. Courtesy of PCGS TrueView.

1800 Half Dime LM-5, PCGS Holed-AG Details. Courtesy of PCGS TrueView.

Half-Dimes of the United States, identified 24 different die marriages, eight of which carry a Heraldic Eagle reverse. In 1931, Daniel W. Valentine published his foundational The United States Half Dimes, however no additional Heraldic Eagle die marriages were mentioned. That would change in 1984, when Jules Reiver’s Variety Identification Manual for United States Half Dimes 1794-1837 described the first new Heraldic Eagle die pairings (1800 LM-2 and 1801 LM-1) to be discovered in over a century. Today’s standard reference, the 1998 Federal Half Dimes by Russell J. Logan and John W. McCloskey, published by the John Reich Collectors Society, introduced an additional die marriage, the 1800 LM-4, bringing the number of Heraldic Eagle die pairings to 11 – a total that would stand, until this discovery, for almost 30 years.

The unique 1800 LM-5 represents another milestone in the study of the Heraldic Eagle Half Dime. Creating dies was a costly undertaking. In the interests of economy, undated reverse dies were often used until they failed, sometimes over many years. They were even used across denominations (as Ed Price, who discovered the 1800 LM-4 in 1994, demonstrated with his complete collections of Draped Bust Dimes and Quarter Eagles, which feature many common reverses.) The 1800 LM-4 “Reverse B” is found with a die crack developing through the shield while the next coin in the series, the 1801 LM-1, was struck with “Reverse C” in its perfect state. Considering the time and cost to produce new dies, one could reasonably suppose that “Reverse B” was used to strike the 1800 LM-4 until it failed, and “Reverse C” was brought into service to strike the first 1801 coins (LM-1). What makes the new 1800 LM-5 discovery important is that it is also paired with “Reverse C” in its perfect state. Here is

the “missing link” in the emission sequence. What the 1800 LM-5 demonstrates is a natural progression wherein “Reverse B” likely failed late in 1800 and was replaced with “Reverse C” to strike additional 1800-dated coins before going on to strike the first 1801 Half Dimes. To find the first specimen of this die marriage more than two centuries after it was created is perhaps testament to just how few 1800 “Reverse C” Half Dimes were made, let alone exist, making this unique coin even more fascinating to ponder.

And what better way to discover this monumental new variety than to cherry pick it? An eagle-eyed numismatist familiar with the diagnostics of “Reverse C” initially thought he had found the legendary 1802(!) until further investigation revealed the 1800 “Obverse 3.” Should this collector keep the coin and aspire to complete a set of federal half dimes by die marriage, he will be the only person able to do so!

Dylan Dominguez is a Variety Expert & Junior World Grader at PCGS. He joined the company at the age of 18 in 2016. His main collecting interests include 19th-century U.S. and world exonumia.

Edward Van Orden was born and raised in Bergen County, New Jersey, and received a Bachelor of Science degree in accounting at Fordham University. He has played in numerous bands, worked in royalties and finance at Universal Music Group and The Walt Disney Company, and enjoys looking up on a dark evening.

1800 Reverse Paired with 1803 Reverse C. Courtesy of PCGS TrueView.

FROM THE PCGS GRADING ROOM: PCGS GRADES FIRST NEW 1800 DRAPED BUST DIME VARIETY IN NEARLY THREE DECADES

AUCTION HIGHLIGHTS

By Jaime Hernandez

As we approach the end of the year, the coin market doesn’t seem to be slowing down, especially for rare and interesting coins. Many seem to be doing really well, with several coins appreciating in price at auctions this past year. One of the contributing factors for higher prices for many coins is lack of supply. There is strong demand for nice coins, and yet there is not enough supply to satisfy the demand. The auction results below help tell part of the larger story – choice rarities hammer supreme prices.

1783 Silver Libertas Americana PCGS MS63+

This is unquestionably an iconic medal in numismatics, with Benjamin Franklin having taken a personal interest in the production of these special medals. The Liberty design on the Libertas Americana was so well received that the motif also inspired the 1793 Half Cent design. It further influenced many U.S. patterns and medals. The Libertas Americana Medals were struck in copper and silver. The copper examples are considered scarce, while the silver examples are much rarer. Looking at the PCGS Population Report, one sees PCGS has graded a total of 69 examples in copper across all grades combined. For the silver examples, PCGS has certified just 16 in all grades – a reflection of just how rare the Silver Libertas Americanas really are. On June 14, 2022, a PCGS MS63+ graded example sold at a Stack’s Bowers Galleries auction, where it realized an impressive $198,000.

1863 Liberty Gold Double Eagle PCGS PR65+CAM

This is a really rare proof issue, as the U.S. Mint sold very few proof sets in 1863 and throughout that period. At the time, $20 was considered a large sum of money – nearly a month’s wages for some. So, most collectors could not afford this issue or simply did not want to spend this much on a proof set (collectors had to purchase the entire proof set

for the year in order to obtain the $20 1863 Proof Liberty Gold Double Eagle). Therefore, the mintage is miniscule, with only 30 examples reported by the U.S. Mint. Even fewer coins are believed to exist, with PCGS CoinFacts estimating only 11 or 12 examples known. Anytime a specimen comes into the market it magnetizes crowds, as it is a very special coin due to its significance and rarity. In May 2022, a PCGS PR65+CAM piece, the highest-graded example in existence, sold at a Heritage Auctions sale for an astonishing $1,020,000 – a new record price!

The Fr.1218f Lyon and Roberts signatures variation is a significant banknote because of its extreme rarity, with about 11 examples known. Only a few collectors can own an example at any given time, making it a highly desirable banknote. Compounding the degree of rarity for this note even further is that one of the known examples is held at the Federal Reserve of San Francisco. This issue has a colorful, attractive classic design, with the obverse displaying the “1000” on the left, and with first Secretary of the Treasury Alexander Hamilton’s portrait to the right. The reverse also has an attractive design featuring a large “M” on the left side, while a large bald eagle is elegantly featured in the central portion. The $1,000 1882 Gold Certificate seldom comes into the market, and on June 19, 2022, a PCGS Choice VF35 example was offered by GreatCollections Auction. Unsurprisingly, it attracted lots of attention and following 99 bids from collectors it finally realized an astounding $277,875.

Jaime Hernandez is an editor for the PCGS

Price Guide and has been a proud member of the PCGS team since 2005. By the time he reached his early 20s, Jaime was successfully buying and selling coins with some of the most prominent dealers and collectors in the country. Email: jhernandez@collectors.com

1882 $1,000 Gold Certificate Fr. 1218f PCGS Choice VF35

The China 1929 Globe Pattern Dollar

By Jay Turner

The Chinese 1929 pattern dollar of Sun Yat-sen featuring the globe reverse design is a desirable rarity out of the reach of most numismatists and collectors, and it might be one of the most legendary republic coins for China. While it is unknown how many exist, the total mintage is believed to be 15 coins.

The desire was to produce a new dollar coin featuring Sun Yat-sen to replace the (1927) issues featuring his likeness. In 1929, the task for the mint requested possible design adaptations for this new circulating dollar coin. The bulletin called for four different design possibilities, three of which featured Sun Yat-sen. The vast majority of concept patterns struck featured a bust of Sun Yat-sen in profile and a reverse of a junk ship.

Many of these concept pattern designs were produced by international mints hoping to land a contract from China to produce its coinage. However, one of the concepts requested was a map of China and the national flags. According to Chinese coin expert Eduard Kann, who lists this coin in his catalog as Kann-610, this concept pattern was struck in the Tientsin Mint. However, it is unknown and unpublished if the design and dies were produced from China or another country.

The concept features a forward-facing bust of Sun Yatsen on the obverse paired with a reverse that reveals a half

globe featuring Asia, Europe, and part of Africa, with crossed flags of the Republic of China above this globe. The globe design concept was only struck as a pattern and in a very small number. It is believed that the failure of the design was due to the obverse, which failed to meet the likeness of Sun Yat-sen to many. The adopted design of the Junk Dollar featuring Sun Yat-sen would be produced for circulation in 1932.

Recently one of these incredible pattern dollars was submitted to PCGS through the Hong Kong Express service. This example, which had been in an alternative service’s holder, had come from the W&B Capital Collection, and was featured as number 12 of Top Chinese Coins – Silver Coinage, by Michael Hans Chou, Ron Guth, and Bruce Smith. It was graded SP62 by PCGS.

Jay began collecting coins at the age of 13, when he inherited his uncle’s coin collection. Turner is proficient in U.S. and world coins, token and medal variety attribution, grading, and counterfeit detection. In 2017, Turner joined PCGS as a grader specializing in world coins. He is stationed at the PCGS U.S. headquarters and grades on-site for the Shanghai, Hong Kong, and Paris offices.

Chinese 1929 Pattern Dollar of Sun Yat-sen, PCGS SP62. Courtesy of PCGS.

SHOP APMEX’S BROAD SELECTION OF NUMISMATICS

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1869 $1 Legal Tender Rainbow Note Error

By Philip Thomas

or severed off altogether while still retaining at least one of its important numeric identifiers. (Side note: Under federal law, a United States banknote is still redeemable at full value as long as more than half of the note is clearly present.)

room for confusion or misunderstanding. The hard-andfast rule is one number per banknote and one banknote per number. Classification and organization are literally as simple as one, two, three.

Unless, of course, a banknote happens to have two different serial numbers, as is the case with this extremely uncommon 1869 $1 Legal Tender “Rainbow” error note, recently authenticated and graded by PCGS as Very Fine (VF) 20. All the rules get thrown out the window when this note enters the room.

Look closely. At the lower left, you will see Z9203467 overprinted in red ink and at upper right, Z9203471. A profound two-digit differential – the last two digits –representing a four-number discrepancy in the sequence! Just in case anyone is wondering, the large red stars at the end do not indicate that this is a “Star Note.” Before 1910, stars were simply used as a place-holding “bookend” to the numbers on certain issues and did not signify a replacement.

Let’s begin the analytical dive into this curious piece by asking the question, why do most U.S. banknote issues have more than one serial number printed on them in the first place? The answer is fairly simple. Since paper is a rather delicate medium, susceptible to damage while in circulation, printing the serial number twice at opposite corners of the banknote allows for some portion of the note to become stained, scuffed,

The next question is, how could this have happened? In general terms, either operator (i.e. human) or mechanical error is to blame. More specifically, the two independently acting numbering blocks responsible for overprinting the serials are inadvertently set to different numbers prior to the commencement of the production run (operator error) or one of those blocks jams or clogs, failing to advance, while its counterpart continues to function as intended (mechanical error).

This type of error on a large format (pre-1928) issue is particularly rare. Only an amount slightly better than a dozen are known from all types and varieties of large notes and more than half of those notes involve serial numbers that differ by just a single digit. Remember, this is a two-digit disparity. Further augmenting the “coolness factor” here is the fact that this error occurred on one of the most lauded and visually stunning designs of U.S. banknotes out there. Nicknamed the “Rainbow” series, the 1869 Legal Tender issues display a multitude of colors, including blue-tinted paper at center left, green-tinted underprints, red serial numbers, and a giant, pinkish-red Treasury seal.

I suppose this could be called "The Mismatched Rainbow!"

Because banknote lots were hung on Southern California coin shop bid boards eye-level with a first-grader, a young Philip gravitated toward collecting notes versus their circular metal numismatic cousins in the mid-1980s. He has maintained his passion for banknotes ever since and joined PCGS in his current role as banknote specialist and research manager since the launch of PCGS Banknote in early 2020.

Note the mismatched serial numbers on this stunning and rare error. Courtesy of PCGS.

The Unique 1670-A French Colonies Copper Double De L’Amerique Francois,

PCGS VF35

By Kevin Vinton

One of the most exciting highlights of the vast Sydney F. Martin Collection is the legendary 1670-A Copper Double Denier of French America. What might be an unassuming, circulated coin to the uninitiated is nothing short of the Holy Grail for collectors of French colonial coinage. This is the only surviving example of the issue. It not only represents a distinct denomination and design type, but it is also among the first coins made for use in the French colonies or New France and the only 1670-dated issue to explicitly state that in its legends. However, its importance extends far outside French colonials, as it is the earliest-dated coin in any category to bear the name “America.” This combination of ultimate rarity and profound numismatic and historical significance places the Double in rarefied territory among the most celebrated and valuable colonial coins.

The 1670-A Copper Double Denier is part of the Gloriam Regni coinage of 1670 along with the silver 1670-A 5 Sols and 15 Sols. The coinage was authorized by an edict of King Louis XIV on February 19, 1670, that called for a total of 100,000 livres to be struck, divided into 30,000 livres of silver 15 sols, 50,000 livres of silver 5 sols, and 20,000 livres of copper double deniers. The coins were to be struck at the Paris Mint and then sent to circulate exclusively in the French overseas colonies in the New World, which at the time included Canada and French possessions elsewhere on the continent. However, the coinage quickly ran into trouble, primarily due to difficulties in obtaining adequate planchet stock, and it is likely only a tiny fraction of the proposed mintage was struck. Further, many of the small amount struck were most likely melted down. Today, the silver 5 sols are very rare, the silver 15 sols extremely rare, and the copper double denier is unique.

Sydney Martin was one of the top collectors of early American coinage. Courtesy of Stack’s Bowers Galleries.

Sydney F. Martin wrote several books on early American copper coins, including French Coinage Specifically for Colonial America . Courtesy of Stack’s Bowers Galleries.

1670-A French Colonies Copper Double De L’Amerique Francois, PCGS VF35. Courtesy of PCGS TrueView.

COIN OF THE ISSUE: THE UNIQUE 1670-A FRENCH COLONIES COPPER DOUBLE DE L’AMERIQUE FRANCOIS, PCGS VF35

Graded VF35 by PCGS, the unique surviving example of the 1670-A Double Denier is an attractive and problem-free medium brown coin that is moderately worn and appears to have spent a decent amount of time in circulation. Unlike a novel pattern or presentation piece in high grade that survives because it was carefully set aside and preserved from the time of issue, the double was struck for circulation and seeing that it did indeed circulate, it is something of a numismatic miracle that an example of this coin survives at all. One might draw a comparison to unique coins in the U.S. federal series, such as the 1870-S Half Dime or 1870-S $3 gold piece, which are equally extraordinary, unique survivors of their issues. The double, however, has the added significance of being not just a date or mintmark within its series, but an entire standalone denomination and type.

This incredible coin has been offered at auction just once before, when it was sold as part of the Norweb Collection by Bowers and Merena in 1996. Otherwise, it has only changed hands privately and has been owned by an illustrious cast of numismatists including Virgil Brand, Burdette G. Johnson, Wayte Raymond, John J. Ford, Jr., Emery May Holden Norweb, and Anthony Terranova. Its earliest recorded owner was Philip Ferrari de La Renotière (1850-1917) or “Count Ferrari,” the famous French stamp collector who also amassed an impressive collection of coins. Syd Martin was able to acquire the coin privately in 2008 and it became the crown jewel of his world-class collection of French colonial coins.

Expectedly for a unique coin, this piece is illustrated in all of the standard references that list it, including A Guide Book of United States Coins (“The Red Book”), Walter Breen’s Complete Encyclopedia of U.S. and Colonial Coins, and Whitman Encyclopedia of Colonial and Early American Coins. It is also featured prominently on the cover of Martin’s own definitive reference on the French colonial series published in 2015.

Generations of French colonial and early American coin collectors have coveted the copper double denier of 1670, but few have had the chance to even see the coin, much less the opportunity to own it. Stack’s Bowers Galleries is thrilled to offer this legendary coin at auction in the upcoming Sydney F. Martin Collection, Part II sale to be held October 27-28, 2022, at the Whitman Coin & Collectibles Expo in Baltimore, Maryland.

Kevin Vinton is head numismatist at Stack’s Bowers Galleries’ new Boston location opening September 2022. He is a specialist in Colonial and early American coins. For more information on the Sydney F. Martin Collection, Stack’s Bowers Galleries’ services, or the new Boston location, he can be reached at kvinton@stacksbowers.com.

Map by cartographer Herman Moll, Library of Congress Geography and Map Division. Courtesy of Stack’s Bowers Galleries.

The Sydney F. Martin Collection – Part II

Syd was a voracious collector, amassing a cabinet that touched every niche of colonial and related numismatics. The second installment of the landmark Sydney F. Martin Collection will feature some of the areas that Syd was most passionate about. He wrote books about French Colonials, Rosa Americana coinage, and Washingtonia. He avidly pursued Connecticut coppers, building the most complete set ever assembled; this sale will showcase his front line collection of 1785 and 1786 issues.

French Colonial coinage will be represented by the 1641, 1658, and 1670 “Gloriam Regni” issues, as well as selections from his vast collections of 9 Deniers, Mousquetaires, John Law issues, and gold and silver coins from the wreck of Le Chameau, among other series. Rosa Americana coinage will feature many fine patterns, off-metal strikings, and other special pieces, along with a comprehensive collection by die marriage as delineated in Syd’s own book on the series. And his Washingtonia is world class, starting with the circa 1778 “Voltaire medal” and continuing through the 20th century, with this sale focused chiefly on 18th and 19th century medals and tokens.

Featured in the Official Auction of the Whitman 2022 Winter Expo

For more information contact:

Kevin Vinton - KVinton@stacksbowers.com or Vicken Yegparian - VYegparian@stacksbowers.com

1786 Connecticut Copper. Hercules Head. Miller 5.3-B.2. Rarity-7+. AU-53 (PCGS). One of Four Known. Ex Garrett.

1724/3 Rosa Americana Pattern Penny. Martin 4.1-G.1. Rarity-7+. MS-64 (PCGS). Ex Brand-Ford.

1670-A French Colonies Copper Double De L’Amerique Francois. VF-30 (PCGS). The Earliest Dated Coin Bearing the Name “America.” The Only Known Specimen.

Joseph Sansom’s Three-Piece History of the Revolution Series in Silver. Struck at the U.S. Mint, circa 1805-1808 Celebrating, Washington, Franklin, The Peace of 1783 and the First Peaceful Transfer of Power, in 1797. Descended in the Sansom family. (Photo Reduced)

French Colonies • Rosa Americana Coinage • Connecticut Coppers, 1785-1786 • Washingtonia

(ca. 1792) Washington Born Virginia Copper. Legend Reverse. Musante GW-33, Baker-60. MS-63 (PCGS). Ex Norweb.

GRADING STANDARDS

A Guide to PCGS Grades & Designations

There are 30 grades used by PCGS to grade coins, 1 being the lowest grade and 70 being the highest grade.

For a description of all the grades and designations used in the RCMR, refer to the PCGS Grading Standards listed in

this issue. Space does not permit us to show a comprehensive photographic grading guide here, but those interested in a detailed look at virtually all U.S. coins in all grades are referred to PCGS’s Photograde section, found at www.PCGS.com/photograde.

PCGS COIN GRADING STANDARDS

Regular Strikes

For regular strikes, the primary attribute for circulated grades, i.e. Poor (PO01) to About Uncirculated (AU58), is the amount of wear or the amount of the original design detail that is still evident. Other attributes contributing to the grade for circulated regular strikes are surface preservation and eye appeal, either of which can be positive, negative, or neutral and which affect the grade accordingly. For regular strikes in Uncirculated condition (MS60 to MS70), there are four primary attributes that determine grade: marks, strike, luster, and eye appeal.

A PCGS MS70 is a modern coin in "as struck by Mint" condition. Minor mintmade imperfections may be present. No damage or imperfections caused after minting. Not known in vintage coins.

A PCGS MS69 will show only one or two miniscule imperfections. Must be fully struck and have full original luster and eye appeal.

A PCGS MS68 will have some extremely minor imperfections. Must be sharply struck, have full original luster, and good eye appeal.

A PCGS MS67 will have some minor imperfections (marks, abrasions, etc). Must be well struck and have good luster and eye appeal.

A PCGS MS66 will have a few marks and/or abrasions. The strike, luster, and eye appeal must be good.

A PCGS MS65 will have some marks and/or abrasions, but they will be minor. The strike must be above average, and

A PCGS MS64 will have some marks and/or abrasions, and they may be significant. The strike and eye appeal should be average or above and must not be negative. Luster may be somewhat subdued.

A PCGS MS63 will have marks and abrasions that are moderate in number and/or size. Strike may not be full and eye appeal can be slightly negative. Luster may be somewhat dull.

A PCGS MS62 will have no wear on high points. There may be considerable marks and abrasions and some may be severe. Strike may not be full and eye appeal may be negative. Luster may be dull.

A PCGS MS61 will have no wear on the high points. There may be multiple heavy marks and abrasions. Strike may not be full, luster may be dull, and/or eye appeal may be negative.

Strike

The completeness/incompleteness of a coin’s intended detail when originally struck.

Luster

The strength and pattern of light reflected off a coin.

Surface Preservation

The condition of the surface of a coin, notably marks and/or scratches.

Eye Appeal

The element that “grabs” the viewer. The overall look of a coin. Often manifested as “toning.”

will have no wear on the high points. There may be many heavy marks and abrasions. Strike may not be full, luster may be very dull, and/or eye appeal may be quite negative.

A PCGS AU58 will show full detail with minor friction on only the highest points.

A PCGS AU55 will show full detail with friction on less than 1/2 of the surface, mainly on the high points.

A PCGS AU53 will show full detail with friction on 1/2 or more of the surface. There may be a very slight flatness on high points.

A PCGS AU50 will show full detail with friction over most of the surface and slight flatness on high points.

XF45 Detail is complete with most high points slightly flat.

XF40 Detail is complete with some high points flat.

VF35 Detail is 80 to 85% complete.

VF30 Detail is 70 to 80% complete.

VF25 Detail is 60 to 70% complete.

VF20 Detail is 50 to 60% complete.

F15 Detail is full in recessed areas. All lettering is sharp.

F12 Detail is evident in deeply recessed areas. Lettering is mostly sharp.

VG10 Design is worn with some detail evident.

VG08 Design is worn with only slight detail evident.

G06 Detail is flat, but rims are complete. Peripheral lettering is full.

G04 Detail is flat. Rims slightly worn. Peripheral lettering nearly full.

AG03 Rims are worn but most lettering is readable though worn.

FR02 Mostly worn, but some design details are visible.

PO01 Barely identifiable as to date and type.

Proofs

For proof strikings, the primary attributes of grade are hairlines and/ or marks (or lack of), reflectivity (for brilliant proofs), and eye appeal. Note that nearly all proofs are fully struck, thus strike is usually not a factor. Strike only comes into play when a

proof shows a partial strike, resulting in a downward adjustment of grade. Note that for toned brilliant proofs, the reflectivity is as perceived under toning.

A PCGS PR70 shows no imperfections under five-power magnification. Brilliant proofs must be 100% fully reflective.

A PCGS PR69 will show only one or two miniscule imperfections. Brilliant proofs must be 100% fully reflective. A PCGS PR68 will have some extremely minor imperfections. Eye appeal must be outstanding. Brilliant proofs will be fully reflective.

A PCGS PR67 will have some minor imperfections (hairlines or perhaps an extremely minor mark or two). Eye appeal must be very good. Brilliant proofs must be fully reflective or virtually so.

A PCGS PR66 will have a few hairlines and/or very minor marks. Eye appeal must be very good. Brilliant proofs must be fully reflective or nearly so. A PCGS PR65 will have minor hairlines and or minor marks. Eye appeal must be positive. Brilliant proofs must show good reflectivity. A PCGS PR64 will have noticeable

hairlines and/or small marks. Eye appeal must not be negative. Brilliant proofs may have subdued reflectivity. A PCGS PR63 will have obvious hairlines and/or marks. Eye appeal may be somewhat negative. Brilliant proofs may be dull.

A PCGS PR62 will have numerous hairlines and/or marks. Eye appeal may be quite negative. Brilliant proofs may be dull.

A PCGS PR61 will have lots of hairlines and/or marks. Eye appeal is negative. Brilliant proofs may not be reflective.

A PCGS PR60 will have no wear on the high points, but will be very hairlined and/or marked. Eye appeal is negative.

Brilliant proofs may not be reflective. Proofs below PR60 For proof strikings grading below PR60, the grading is based on the amount of wear and the standards are the same as for regular strikes.

In addition to grade, certain coins have characteristics that collectors recognize as important and PCGS designates these characteristics using the standards that follow.

PCGS COIN DESIGNATIONS

Brown (BN) PCGS designates Brown for copper coins that have less than 5% of their original mint-red color.

Red Brown (RB) PCGS designates Red and Brown for copper coins that grade MS60 or better and show between 5% and 95% of their original mint-red color.

Red (RD) PCGS designates Red for copper coins that grade MS60 or better and show 95% or more of their original mint-red color.

Color for Copper Coins (MS60 or better)

PCGS COIN DESIGNATIONS

Full Steps for Jefferson Nickels

Full Bands for Roosevelt Dimes

Full Steps (FS) PCGS designates Full Steps for Jefferson Nickels that grade MS60 or better and show a full five or six steps in the portrait of Monticello (Thomas Jefferson’s home) on the reverse. To qualify for this designation, a coin must also have nomajor disturbances, including cuts and marks, to the separation of the steps.

Full Bands for Mercury Dimes

Full Bands (FB) PCGS designates Full Bands for Roosevelt Dimes that grade MS60 or better and show full separation of the upper and lower horizontal bands of the torch on the reverse. To qualify for this designation, a coin must also show no significant cuts or marks across the horizontal bands.

Full Head for Standing Liberty Quarters

Full Bell Lines (FBL) PCGS designates

Full Bell Lines for Franklin Half Dollars that grade MS60 or better and show full separation of the lines on the bottom of the Liberty Bell on the reverse. To qualify for this designation, a coin must also show no major disturbances, including cuts and marks, of the separation of the bell lines.

Full Bands (FB) PCGS designates

Full Bands for Mercury Dimes that grade MS60 or better and show full separation of the central crossbands on the crossbands on the reverse. To qualify for this designation, a coin must also have no major disturbances, including cuts and marks, of the separation of the crossbands.

Full Head (FH) PCGS designates Full Head for Standing Liberty Quarters that grade AU50 or better and show full detail of Miss Liberty’s hair (on Type Ones) or helmet (on Type Twos); Type Ones (1916-1917) must show a distinct separation between the hair cords and the cap. Type Twos (1917-1930) must show three complete and distinct leaves to the helmet, a complete outline to the bottom of the helmet, and a distinct ear hole. Note that on the ultra-rare 1918/7-S, PCGS will designate Full Head on coins that grade XF40 or better and that meet the Full Head criteria.

Prooflike (PL) PCGS designates

Prooflike for coins that grade MS60 or better and show clear reflectivity, i.e. mirrored surfaces at a distance of two to four inches. If the cartwheel effect or striations cause an area to lose clarity, the designation will not apply.

Full Bell Lines for Franklin Half Dollars

Prooflike Surfaces

Prooflike Surfaces

Deep Mirror Prooflike (DMPL) PCGS designates Deep Mirror Prooflike for Morgan Dollars that grade MS60 or better and show deep reflectivity, i.e. deeply mirrored surfaces. The differences between PL and DMPL is one of degree.

No Grade Coins

PCGS does not grade coins that are counterfeit, have been artificially toned, have had their surfaces altered, have been environmentally damaged, have been abrasively cleaned, have extremely large scratches, or have been repaired. Some allowances are made for ultra-rarities, Colonials, and Territorial gold coins, in which there are some instances when “net grading” is used by PCGS as a service to the numismatic community.

Would you like further information about the PCGS Grading Standards, Designations, and No Grade Standards? View high-resolution images and in-depth videos for each at www.PCGS.com/grades. For PCGS Banknote grading standards visit www.PCGS .com/banknote/grades.

Cameo Proofs

Cameo (CAM) PCGS designates Cameo for brilliant proofs that show light to moderate frosting of the devices. Both sides of a coin must have frosted devices to earn the Cameo designation.

Deep Cameo (DCAM) PCGS designates Deep Cameo for brilliant proofs that display deep, even frosting on the devices of both sides of the coin.

PLATINUM SESSION & SIGNATURE® AUCTIONS

FUN 2023 – Orlando | January 4-9

Select HigHligHtS from tHe Harry BaSS collection Offered in Our Official FUN 2023 Auctions

1854 Gold Dollar Type One, Proof PR65 DCAM PCGS

Ex: Auction ‘85

1830 Quarter Eagle

BD-1, MS66+ PCGS

Ex: Auction ‘85

1796 No Stars Quarter Eagle

BD-1, AU55 PCGS

Ex: Goliad Corp (12/13/1971)

1798 Quarter Eagle

Four Berries

BD-1, MS64 PL PCGS

Ex: Jake Bell

1848 CAL. Quarter Eagle MS64 PCGS

Ex: Abe Kosoff (8/19/1972)

1854 Three Dollar Proof PR65 Cameo PCGS

Ex: Abe Kosoff (3/3/1971)

1875 Three Dollar Proof PR64 DCAM PCGS

Ex: Abe Kosoff (7/23/1973)

1795 Five Dollar Small Eagle

BD-2, MS62 PCGS

Ex: Kagin’s (10/1/1977)

1807 Five Dollar Capped Bust Left BD-7, MS65 PCGS

Ex: Mike Brownlee (3/15/1972)

PLATINUM SESSION

Select HigHligHtS from tHe Harry BaSS collection

Offered in Our Official FUN 2023 Auctions

1821 Five Dollar Curved Base 2 Proof

Acquired by David Calhoun, 2000

1907 Wire Rim Ten Dollar MS66 PCGS

1860 Twenty Dollar Proof PR65+ Cameo PCGS Ex: Alto Collection

1804 Ten Dollar Plain 4, PR63 PCGS Ex: Parmelee-Eliasberg

BD-1, PR65 Cameo PCGS Ex: 1914 ANS-Farouk-Norweb

1832 Five Dollar 12 Stars BD-2, AU53 PCGS Ex: Atwater-Eliasberg

1795 Ten Dollar Small Eagle, 13 Leaves

BD-1, MS64 PCGS Ex: Bartle Collection

1801 Ten Dollar BD-2, MS65+ PCGS Ex: Beck Collection

1879 Schoolgirl Dollar in Silver Judd-1608 Proof PR67 Cameo PCGS Ex: DiBello Collection

1880 Coiled Hair Stella in Aluminum Proof PR65 PCGS Ex: Garrett Collection

2021 American Eagle At Dusk and At Dawn 35th Anniversary Bullion Coins

By Joshua McMorrow-Hernandez

Stack’s Bowers Galleries is embarking on an exciting venture with the United States Mint and Professional Coin Grading Service to offer the 2021 American Eagle At Dusk and At Dawn 35th Anniversary coins. These limited-edition coins were produced during a special April 2021 ceremony by former Mint Director David Ryder, who personally operated the presses that struck the last of the American Gold Eagle and American Silver Eagles bearing their original designs and the first of those coins featuring their new motifs.

which was chosen by the United States Mint as the exclusive seller of these coins in a landmark first-of-its-kind deal between the mint and a private auction house.

“This is a historic arrangement between the United States Mint and Stack’s Bowers Galleries, with our firm being the very first private auction house that the U.S. Mint has chosen to sell its new products,” said Stack’s Bowers Galleries Executive Vice President Christine Karstedt. “However, this isn’t our first venture with the United States Mint,” she added. “We, along with Sotheby’s, were selected by the U.S. Mint to facilitate the sale of the legendary 1933 Saint-Gaudens Double Eagle, which the U.S. government had then-recently converted into a legally obtainable coin and consigned in July 2002. Now, 20 years later, we are working with the U.S. Mint again to offer these extraordinary American Eagles in our Summer 2022 Global Showcase Auction.”

PCGS was handpicked by Stack’s Bowers Galleries to certify a limited number of these coins and encapsulate them with specially designed labels. “We are excited to embark on

A gloved mint official displays newly struck American Eagle silver bullion coins. Courtesy of the United States Mint.

PCGS is grading a limited number of the 2021 American Eagle At Dusk and At Dawn 35th Anniversary Bullion Coins, which will be sold by Stack’s Bowers Galleries in their Summer 2022 Global Showcase Auction. Courtesy of PCGS.

this extraordinary project with Stack’s Bowers Galleries,” remarked PCGS President Stephanie Sabin. “The American Eagles are some of the most popular bullion coins in the world, and they have been a market force since their debut in 1986. The transition to new designs in 2021 was a watershed moment in United States numismatics, so for Stack’s Bowers Galleries to be chosen by the U.S. Mint to offer the very small number that were struck by Mint Director David Ryder himself is significant. We at PCGS are very proud to encapsulate these historic and, I might add, beautiful American Eagles and ensure the protection of their legacy and value.”

his famous Walking Liberty motif first seen on the United States half dollar in 1916. This design was paired on the oneounce silver coin with John Mercanti’s modern heraldic eagle reverse, which remained on the coin until the middle months of 2021. It was replaced by a visage of a landing eagle designed by Emily S. Damstra and engraved by Michael Gaudioso, coupled with the longtime obverse design by Weinman. The American Gold Eagle consists of four different gold coins struck in increments of a tenth-ounce ($5 face value), quarterounce ($10), half-ounce ($25), and one ounce ($50) and was first released in 1986 bearing an obverse design made famous on the Saint-Gaudens Double Eagle. While that Augustus Saint-Gaudens design remains, the American Gold Eagle’s original Miley Busiek-Frost reverse depicting a family of eagles has been replaced by a stately eagle head, the brainchild of Jennie Norris and sculpted by Renata Gordon.

For more information about the sale of the 2021 American Eagle At Dusk and At Dawn 35th Anniversary coins, please visit https://stacksbowers.com/.

Former United States Mint Director David Ryder holds a new American Eagle coin struck at a special April 2021 United States Mint ceremony. The coins were struck by Ryder and are being sold by Stack’s Bowers Galleries. Courtesy of the United States Mint.

The American Silver Eagle was originally released in 1986 with an obverse design by Adolph A. Weinman featuring

Joshua McMorrow-Hernandez has won multiple awards from the NLG and ANA for his work as a numismatic journalist and editor. He has been a coin collector since 1992 and enjoys all areas of United States coinage and U.S. minting history.

2021 AMERICAN EAGLE AT DUSK AND AT DAWN 35TH ANNIVERSARY BULLION COINS

United States Mint officials hold new American Eagle coinage. Courtesy of the United States Mint.

2021 American Eagle At Dusk and At Dawn 35th Anniversar y Coins

Stack’s B owers Galleries is excited to announce our auction of the 2021 American Eagle At Dusk and At Dawn 35th Anniversar y coins, presented on behalf of for United States numismatics, borne of a collaboration between America’s oldest numismatic auctioneer and stitution—the United States Mint. Live bidding will take rently available on our website www.StacksB owers.com.

Releas ed to commemorate the 35th Anniversar y of the American E agle s eries, the ne w American E agle G old 1 Ounce C oin features an E agle Por trait re vers e design by Ar tistic Infusion Program (AIP) ar tist Jennie Norris and s culpted by Mint Medallic Ar tist Renata G ordon. For the obvers e, United States Mint ar tists revisited the s culptural mo dels us ed in the creation of the designs that are e ven more faithful to Saint-Gaudens’ anti-counterfeiting features

signed by Artistic Infusion Program artist Emily Damstra and sculpted by Mint Medallic Artist Michael Gaudioso. As with the American Eagle Gold Coin series, the Mint revisited its historical assets to create a refreshed obverse design that is even more faithful to Adolph A. Weinman’s includes special anti-counterfeiting features.

To celebrate the transition in the American Eagle Program, a ceremony was held at the West Point Mint in

the new designs. Former Director of the Mint David J. Ryder personally operated the presses to produce each

marked the transition from the Dusk of a golden age to the Dawn of a new era of artistic excellence.

nance unlike any others, present an exciting opportunity

Showcased by Stack’s B owers Galleries at Auction – September 1, 2022

for collectors. Bidders in the September 1st auction will have the exclusive opportunity to acquire one, or several, of these historic coins which have other wise been unavailable to collectors. Each lot presented in this important sale will represent a trophy for future generations of collectors.

taining special four-coin sets that include one each of the classic gold and silver eagle one-ounce coins and one each of the new gold and silver one-ounce coins. In these coin sets maintain the same paired striking order as the

four-coin sets and are ideal for collectors focusing solely on either the American Gold Eagle or American Silver presented in individual lots in the auction, including the will be included with each coin or coin set purchased.

Galleries is also waiving the Buyer’s Premium on the 35th Anniversar y Coins, meaning that the highest bid

paid by the winning bidder, excluding any applicable sales tax and shipping fees.

For more information or to bid in this important event, visit our website StacksB owers.com.

Market Matters

By Vic Bozarth

pony up! Now is one of the few times in numismatic history when multiple condition-census and finest-known coins not only bring record prices, but break presale auction estimates often by multiples!

What are you going to do? Another example of a rare coin: the last time said coin came on the market was 2004 and it brought $150,000. Recently the presale estimate was $350,000. I bid $550,000 and it brought $775,000! Do I have to leave my paddle in the air until the bidding is over and worry about what I paid later? The answer is “yes,” depending on the coin!

While the overall rare market isn’t as white hot with the recent dips in gold and silver bullion levels, finest-known and condition-census coins will continue to bring record prices as long as there are more buyers than sellers. In other more heavily traded items price levels have stabilized and in some cases regressed due to sliding bullion levels and lower demand.

Because of other market conditions, many coin dealers look at any softness in this market as an opportunity to buy.

Inflation is real. While many dealers didn’t want to stock a lot of merchandise during soft markets, especially with inflation, dealers view inventory now (that they can buy at current

World and national events can and will affect our markets! Indeed, inflationary pressures are already choking the average American’s discretionary spending. While the finest-known and condition-census coins will continue strong for the foreseeable future, more common and often highly marketed numismatic items will react sharply to these

I commented in an article sometime in the past year about a collector’s numismatic budget. While we have had more discretionary income in the last couple of years because of positive economic factors, that trend has already reversed. Indeed, folks are again dipping into savings just to make ends meet. When gas and food aren’t affordable, there is little money left for the collection.

The advice I give is to refocus on your priorities. I’ve always had several sets going at one time. Especially if you have duplicates or you have changed your focus consider selling or trading these coins. Use the funds for the coins you seek. Instead of trying to complete that Morgan Dollar set with all the dates and mintmarks, focus first on a coin from each year. Once you have completed that project, go back and fill in the other dates.

Ultimately, the market does matter, but we have the choice whether to swim with it or against it!

Vic Bozarth is a familiar face on the bourse floor to many who have attended coin shows over the last five decades. He’s a self-described “coin wheenie” who has attended more than 1,000 shows and vast experience both buying and selling many of the finest PCGS coins. His numismatic knowledge as a dealer and collector provides a unique perspective on our industry.

If market conditions are making money a little tight, perhaps it’s time to adjust your collecting strategy. Maybe a one-a-year date set of Morgan Dollars is the way to affordably start a set of these silver coins before branching out into a full-on set by date and mintmark. Courtesy of PCGS.

Market Movers & Shakers

By Jaime Hernandez

The modern coin market still remains healthy in 2022. The price of precious metals has really contributed to some strong prices for most bullion-related issues. A significant factor involves the premiums being paid for several modern coins containing mostly silver, gold, platinum, or palladium content. For example, even common uncirculated American Silver Eagles carry an approximate $10 premium above their spot price of silver.

In this issue, we offer a yearly pricing analysis to determine which coins have performed the best in the past year. In this chart, we will show only some of the Top 10 Gainers for the year. The top performer on this list is a 1963-D Washington Quarter Doubled Die Obverse, classified as FS-101 in PCGS MS65 condition. The price 12 months ago, from the time of this writing, was $165. Today, the same coin lists at $600 on the PCGS Price Guide. That's a 263% increase! Not a bad

performance over just one year. The price increase can be due to this variety having a low graded population. At PCGS, we have graded a total of 14 examples in all grades combined. This would explain why it is one of the best modern coin performers for the year, as the supply for this coin seems to be very limited.

If we look at the list, all 10 coins impressively increased by 100% or more. The Top 10 List has a mixture of uncirculated (Mint State) coins and some proof coins. Interestingly, eight of the coins are varieties, five of the coins are Washington Quarters, four other coins are Kennedy Half Dollars, and one coin is a Jefferson Nickel. If you’d like to see the entire list of the best performing coins on the PCGS Price Guide, please visit https://www.pcgs.com/prices/ and click on “Price Changes.”

American Silver Eagles are hot, with even generic common dates trading for significant premiums above spot prices. Courtesy of PCGS TrueView.

One thing that’s interesting is that mainly silver, gold, and some of the other precious metal stocks on the stock market are performing poorly this year, despite precious metals tracking so well in the past year. Another market that hasn’t been doing so well is cryptocurrency. For example, on November 10, 2021, a single unit of Bitcoin was trading for approximately $68,800; approximately seven months later, or on June 18, 2021, a unit of Bitcoin was trading for approximately $19,000 – a 72% decrease. This is mentioned to remind coin collectors that owning physical coins is not only fun, but also – so far –has shown to be safer than other electronic-related coin and precious metal markets in the year 2022. So, it’s exciting times for the coin market in general, including for modern coins.

There is still a strong demand for many modern coins, and with so many different coin series produced, collectors have a plethora of options on what to collect.

Jaime Hernandez is an editor for the PCGS Price Guide and has been a proud member of the PCGS team since 2005. By the time he reached his early 20s, Jaime was successfully buying and selling coins with some of the most prominent dealers and collectors in the country. Email: jhernandez@collectors.com

“I love what I do and I take the covenant I make with my clients seriously. As opposed to just doing transactions, I am interested in forming an ongoing collecting relationship with my new clients. Please feel invited to contact me.”

— Chris Victor McCawley

Chris McCawley with Lucas Baldridge and Travis Hollon

Numismatic Networking Made Easy.

If you need new customers or product, then Certified Coin Exchange is the dealer-to -dealer platform for you In today’s world, the value of being a part of THE premier network has never been greater. Certified Coin Exchange is home to over 650 national coin dealers whom participate daily in the buys and sells. It’s important to remember that our dealers not only represent themselves, but their clients as well. Business has been drastically increasing across our platform as in-person retail opportunities are dwindling by the minute Our dealers want to buy and sell your product. The opportunity for new business connections and deals are right in front of you, so why not take it?

If you are ready to see what the premier network for dealer-to-dealer coin business has to o er, sign up with me today to tr y CCE for a one-month free trial period. O er expires 10/31/22.

Regards, Tar yn Warrecker

Sales Director

(949) 435-2102

TWarrecker@collectors.com

www.certifiedcoinexchange.com

“More, Please…” Collectors Vying For Top-Pop Coins

By Vic Bozarth & Mark Ferguson

While there is no question that the economy is cooling, the rare coin market is strong. Scarce and rare-date coins, if they come on the market, continue to bring record prices.

For example, from Stack’s Bowers Galleries, the Hendricks Set earned over $13.6 million in total prices, more than doubling the overall pre-sale estimate, and boasting an average lot value of nearly $30,000. More than 350 lots, over 70% of the collection, set new auction records for the grade or overall issue, and 17 lots achieved six-figure prices.

The JBR Set from the Fairmont Collection is also from the same source as the Hendricks Set and touts nearly complete runs of each denomination beginning in 1834 including $5, $10, and $20 denominations.

Great coins continue to bring great prices, but what about the rest of the market? Recently, there has been some softness in some of the more common coin price levels. As an example, later-date Washington Quarter prices have been softer partially because of the oversupply. While collectors want the “top pop” grades, even MS65- and MS66-graded coins “aren’t nice enough.” As with many 20th-century coinage series, prices continue to be strong for key dates and “top pop” coins.

have hovered around $8 to $10 over spot price because of stronger demand with lower bullion prices. When supply is strong, the premiums are smaller. When supply is low, the premiums are substantial.

What does this mean? Scarce and rare-date coin prices will continue to remain strong because of heavy demand and no available quantity of product. Dealers continue to report that merchandise just isn’t available in any quantity – especially scarce-date material. A well-known dealer commented recently, “If I want to have inventory, I’ll have to chase it.”

In other news, we have a new mint director with the confirmation of Ventris C. Gibson. Ms. Gibson, the U.S. Mint’s 40th director, is a navy veteran and the first African American to serve in the role. She is the seventh female to serve in the position as well. Meanwhile, Ms. Lynn Malerba, Lifetime Chief of the Mohegan Tribe, was appointed as the first Native American to serve as Treasury secretary.

Vic Bozarth is a familiar face on the bourse floor to many who have attended coin shows over the last five decades. He’s a self-described “coin weenie” who has attended more than 1,000 shows and vast experience both buying and selling many of the finest PCGS coins. His numismatic knowledge as a dealer and collector provides a unique perspective on our industry.

Is this 1940 Walking Liberty Half Dollar graded MS66 nice enough for you? A lot of buyers are saying they want to go higher still… Courtesy of PCGS TrueView.

Type gold coin prices, with the lower bullion price levels, have slowed some. Yet there are no real large deals of highergrade generic gold (MS64 and above) available on the market

Mark Ferguson began buying and selling coins in 1969. He graded coins for PCGS between 1986 and 1990 and currently serves as the company's senior price guide consultant. He’s a numismatic researcher, writer, appraiser, and advisor, and he authored The Dollar of 1804: The U.S. Mint’s Hidden Secret.

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$1 Original Series National Bank Note PCGS Banknote 64 PPQ FR. 382a $11,000

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1900 $1 Lafayette PCGS MS65 $5,800

TO THE EDITOR

“New Collectors Need Not Fear Artificial Toning on Morgan Dollars”

I wanted to thank Kyle Knapp for the excellent article on rainbow-toned Morgan Dollars in the last issue! I just wanted to add that although there are some artificially toned Morgan Dollars floating around in the market, they are not really a serious problem as the grading services identify the coins as “artificially toned” virtually 100% of the time. So, it is important to only buy beautifully toned coins that have been graded. Also, once you have seen many beautiful naturally toned coins, then the artificial ones look fake and will be easy

to identify. Buying your coins from reputable dealers and auctions is another good way to reduce the chance that you will get an artificially toned coin.

Sincerely,

David M. Beach Lake Monroe, Florida

Morgan & Peace Dollars

Low pop PCGS CAC type Coins

3 Cent Silvers

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