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COINage November 2017

Volume 53

Number 11

Cover Photos: 14/Ed Reiter: His Own Words (NLG); 26/Early California Eagles (Stack’s/Bowers, Heritage Auctions); 22/Canada: A Penniless Nation (Wikipedia)

In Memoriam: Ed Reiter

A Life Well Written

Remembering COINage senior editor Ed Reiter.

A Penniless Nation

Canada hasn’t made a cent in ﬁve years. by Joshua McMorrow-Hernandez

Numismatic Nostalgia

Unsaddling the $2 “horse blanket”. by Ray Levato

California Eagles

High ﬂiers from the early San Francisco Mint.

by Bob Julian

A Better Bill

How to preserve the paper dollar. by Al Doyle

Coin Capsule: 1789

Gold and silver battle for economic dominance.

by John Iddings

Show Dates Market Report Price Guide On rare occasions, inadvertent typographic errors occur in coin prices listed in advertisements. For that reason, advertisements appearing in COINage should be considered as requests to inquire rather than as unconditional offers of sale. All prices are subject to change without notice.

PRINTED IN U.S.A.

November 2017

8 10 34

DEPARTMENTS COINage Price Averages 55 COINage Kids 62 Take Note 64

Index to Advertisers Index to Coin Buyers

66 66

COINage (ISSN 0010-0455) is published monthly by Beckett Media LLC, 4635 McEwen Rd., Dallas, TX 75244. Periodicals postage paid at Dallas, TX 75260 and at other mailing offices. Printed in U.S.A. Copyright 2017 by Beckett Media, LLC. POSTMASTER: send address changes to COINage c/o Beckett Media, 4635 McEwen Rd., Dallas, TX 75244 or subscriptions@beckett.com. © 2017 by Beckett Media, LLC. All rights reserved. Reproduction of any material from this issue in whole or in part is strictly prohibited.

IN MEMORIAM

Ed Reiter, Former New York Times Numismatics Columnist, Dies at 79

d Reiter of Nanticoke, Pennsylvania, a one-man institution in coin writing for over half a century, died at the age of 79 in Wilkes-Barre, Pennsylvania on August 24. According to his wife, Patricia, the cause was multiple organ failure. At the time of his death, Reiter was still a powerful force in journalism for the coin hobby and trade, serving as senior editor of COINage magazine for his 32nd year and executive director of the prestigious non-profit Numismatic Literary Guild in his 27th year. He was also still serving as an active consultant to a number of numismatic firms, including the Certified Acceptance Corporation (CAC), Littleton Coin Co., and Universal Coin & Bullion. Over the course of over 50 years, Reiter opined on all matters numismatic, first as an editor in Iola, Wisconsin, of the hobby publication Numismatic News. He was later a newspaper columnist for The Asbury Park Press and then wrote his flagship numismatics column, which appeared in the weekly Arts and Leisure section of The New York Times, for nearly a decade (July 1979 to January 1989). After his retirement from the Times, he continued his coin writings in The Bergen Record in New Jersey, where he served as an editor for the paper. Between 1998 and 2002, he won four first-place awards (four out of five years) from the New Jersey Press Association for Best Headline Writing, reflecting his penchant for wordplay and puns. Reiter received many awards for his work 6

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other than headline writing. The Numismatic Literary Guild presented him with its lifetime achievement Clemy in 1986; he was awarded the Burnett Anderson Memorial award in 2014 jointly by three coin

hobby organizations (American Numismatic Association, American Numismatic Society, and Numismatic Literary Guild); and his writings garnered a cumulative 61 honors, many of which were for his monthly COINage column, “My Two Cents’ Worth”. In 2002, he authored The New York Times Guide to Coin Collecting, which was published by St. Martin’s Press. Reiter graduated from Aquinas Institute, Rochester, New York, in 1955 and received his B.A. from St. Bonaventure University in 1959. He leaves his wife, Patricia, and her moth-

er, Stella Domski; three daughters: Allison (Amodio), Caroline (Estabrooks), and Jennifer (Merrill); two sons: Christopher and Timothy; two grandchildren: Gavin Estabrooks and Cullen Estabrooks; three sons-in-law: Michael Amodio, Jason Estabrooks, and Lee Merrill; and a brother, Paul. He was predeceased by a sister, Patricia Bongiovanni. Scott Travers, author of The Coin Collector’s Survival Manual and a former vice president of the American Numismatic Association, worked with Reiter for 37 years and was one of his closest friends. Travers had one of the last telephone conversations with him. “Ed’s voice was uncharacteristically weak,” Travers commented. “He understood that his health was failing, but he told me from his hospital bed how a nurse was tugging at his right leg to wrap it in a bandage. “I used Ed’s own style of humor with him,” Travers said. “I told Ed that the nurse might be joking about all of this, and that a speedy recovery could be on the horizon.” Reiter curiously asked how Travers would know that. “Because she’s pulling your leg,” Travers replied. “Ed could hardly contain his laughter,” Travers reported. “And that was the last time we talked. “Ed Reiter’s sense of humor, unique writing style, and strong leadership will leave a void in our hobby and industry, but his spirit and plays on words will live on in perpetuity through his great writings and archived public pronouncements.” COINage

EDITORIAL ED REITER

Senior Editor LYNN VARON

Show Dates Email show date information at least four months in advance to editor@coinagemag.com.

Managing Editor Editorial Correspondence: 5235 Mission Oaks Blvd. #201 Camarillo, CA 93012 (972) 448-4626 editor@coinagemag.com

CONTRIBUTING EDITORS MIKE FULJENZ JOHN IDDINGS SCOTT A. TRAVERS DAVID T. ALEXANDER R.W. JULIAN TOM DELOREY RON MEYER JOSHUA MCMORROW-HERNANDEZ

ART DEPARTMENT LINDSEY JONES Art Director

RAVIJOT SINGH

Cover and Graphic Design

ROBYN AUSTIN

Contributing Designer

ADVERTISING BILL DUMAS

Advertising Director

PRISCILLA TORRES Advertising Sales

TOM CARROLL

Ad Traffic Coordinator (972) 448-9181

ERIC NORTON Price Analyst

Advertising Inquiries: Bill Dumas / COINage magazine Beckett Media LLC 4635 McEwen Rd., Dallas, TX 75244 Ph. (972) 448-9147 Fax (972) 991-8930 Priscilla Torres (972) 448-9131 ptorres@beckett.com

SANDEEP DUA President

JAMES L. MILLER Founder

SUBSCRIPTION QUESTIONS? (855) 777-2325 subscriptions@beckett.com

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November 2017 2-4—ST. CHARLES, MISSOURI: Silver Dollar and Rare Coin Expo; St. Charles Convention Center, 1 Convention Center Plaza Drive; Thu. 10 am-6 pm, Fri. 10 am-6 pm, Sat. 10 am-4 pm; free admission; contact Mary Woodside, (314) 692-2646 3-4—MANCHESTER, NEW HAMPSHIRE: New Hampshire Coin and Currency Expo; Radisson Hotel Manchester Downtown, 700 Elm St.; admission $3 per day, weekend pass $5, kids under 12 free; validated parking $5 per day; coins, currency, gold and silver, tokens, medals, stamps, supplies, exhibits, educational seminars, club meetings; contact EBW Promotions, LLC, (978) 658-0160 3-4—MCCLELLAN (SACRAMENTO), CALIFORNIA: Sacramento Coin Show; Lions Gate Hotel, 3410 Westover Street; Fri. 10 am-6 pm, Sat. 10 am-4 pm; admission $3 (good for both days); free parking; 45 dealers; contact Peter McIntosh, (916) 317-9055 3-5—EAST RIDGE, TENNESSEE: Tennessee State Numismatic Society (TSNS) Show; Camp Jordan Arena, 323 Camp Jordan Pkwy.; Fri. 10 am-6 pm, Sat. 10 am-6 pm, Sun. 10 am-3 pm; more than 200 dealers; contact (321) 427-6474 4-5—FREDERICK, MARYLAND: The Frederick MD Coin And Currency Show; The Elk Lodge # 684, 289 Willowdale Drive; Sat. 9 am-5 pm, Sun. 9 am-4 pm; free admission and parking; 50 coin and currency dealers buying and selling U.S. and world coins and currency; contact Carl E. Ostiguy, Jr., (443) 623-7025 4-5—MESA, ARIZONA: Phoenix Coin Club Fall Show; Holiday Inn Hotel & Suites (Mesa), 1600 S. Country Club Drive; Sat. 8 am-5 pm; Sun. 9 am-3 pm; adult admission $1, kids free; free parking; more than 50 tables of dealers, U.S. coins, world coins, paper money, medals, tokens, and other exonumia, chance to win a PCGS-graded gold coin with paid entry; contact Bob DeLean, (480) 437-4454 4-5—PHARR, TEXAS: Fall Coin & Collectibles Show; Nomad Shrine Hall, 1044 W. Nolana Loop; adults $3, students 17 and under free; free parking; buy, sell or trade coins and paper money, door prizes, four gold coin raffle, ANACS Coin Grading Co.; contact Raul H. Gonzalez, (956) 566-3112 5—ANAHEIM, CALIFORNIA: North County Monthly Coin Show; Embassy Suites Anaheim Hills, 3100 Frontera St.; Sun. 9 am-4 pm; admission $1; free parking; 30+ dealers, U.S. and world coins, currency, tokens, medals, bullion, publications and supplies, free gift for all juniors (16 and under), free coin prize drawings; contact (714) 271-8946 5—HALLANDALE BEACH, FLORIDA: Gold Coast (Hollywood) Coin & Collectible Show 1st Sunday; Mardi Gras Casino, 831 N. Federal Hwy.; Sun. 9:30 am-3:30 pm; free admission and parking; contact Harry, (954) 558-5108

5—LIVONIA, MICHIGAN: Northwest Detroit Coin Club Show; Livonia Senior Center, 15218 Farmington Road; Sun. 9:30 am-3:30 pm; free admission and parking; U.S. and foreign dealers, hourly door prizes; contact Bourse Chairperson, (512) 522-3743; Website: www.nwdcc.org/ 5—URBANA, ILLINOIS: Champaign-Urbana Coin and Currency Club Annual Show; Urbana, Illinois, Civic Center, 108 Water St.; Sun. 9 am-4 pm; free admission; buy, sell and trade; contact Lee Tucker, (217) 305-5033; Email: lee474wdl@comcast.net 9-11—BILOXI, MISSISSIPPI: Mississippi Numismatic Association Annual State Convention & Coin Show; Biloxi Civic Center, 578 Howard Ave.; Thu. 11 am-6 pm, Fri. 9 am-5 pm, Sat. 9 am-3 pm; contact Norman Carnovale, (228) 435-8880 10-11—SUNNYVALE, CALIFORNIA: South Bay/ Sunnyvale Coin Show; Domain Hotel, 1085 East El Camino Real; Fri. 10 am-6 pm, Sat. 10 am-5 pm; admission $3 (good for both days), youth 12 and under free; free parking; 30+ dealers, free registration drawing for valuable coins; contact Bill Green, (925) 351-7605 10-12—ALBUQUERQUE, NEW MEXICO: Albuquerque Coin Club - Coin Show; National Hispanic Cultural Center, 1701 4th Street SW; Fri. 2-6 pm; Sat. 8:30 am-5:30 pm, Sun.9 am-2 pm; adults $3, weekend pass $5, Sunday admission $1, kids under 18 free; 40+ dealers; contact Bill DeWeese, (505) 837-2578 11—CANTON, OHIO: Canton/Rt 30 Monthly Coin Show; Canal Coin & Currency, LLC; Perry Grange Hall, 6300 Richville Drive SW; Sat. 9 am-3 pm (no earlybirds); free admission and parking; 25 dealer tables, dealers from Cleveland, Akron, Medina, Wooster and Canton; contact Dennie Lebo, (330) 844-2138 11-12—FLINT, MICHIGAN: Flint Coin, Stamp & Sportscard Show; Dort Mall, 3600 S. Dort Hwy.; Sat. 10 am-6 pm, Sun. 12 pm-5 pm; contact Bob Guenther, (810) 280-6873 11-12—SALEM, VIRGINIA: Salem/Roanoke Valley Coin Show; American Legion, 710 Apperson Drive; Sat. 9:30 am-5:30 pm, Sun. 9:30 am-3:30 pm; free admission and parking; 40 table of coin dealers from five states, buying and selling U.S. and world coins, paper money, medals, tokens, gold and silver, professional security; contact Will Camp, (540) 476-3288 15—UXBRIDGE, MASSACHUSETTS: Blackstone Valley 3rd Wednesday Coin & Collectables Club Show; VFW Post 1385, 16 Cross St./ Rt. 16; Wed. 3-8 pm; contact Terrance OConnor, (508) 400-7454 18—GRANDVILLE, MICHIGAN: Grand Rapids Area Coin Show; American Legion Post 179, 2327 Wilson Avenue 49504; Sat. 9 am-3 pm; contact John Chirco, (616) 667-1981

continued on page 33

COINage

Market Report by Mike Fuljenz

GOLD IS THE BIGGEST STAR OF THE COMMODITY UNIVERSE

he biggest star of the commodity universe. That’s how I would describe gold’s glitter in 2017. Its gain as this is written, year to date, is 14 percent. Gold’s big star status is further enhanced by its 352 percent escalation in value in the period Jan. 1, 2000 through Aug. 31, 2017. During this same stretch of time, the Dow Jones Industrial Average climbed 90 percent, and the Standard & Poors 500 Index was up 68 percent. For 12 consecutive years, gold beat stocks, although stocks outperformed gold from 2012 to 2016. Gold is a star that continues to brightly shine in 2017. Year-todate, gold is up over 14 percent versus 11 percent for the Dow index and 10 percent for the broader S&P 500 stock index. Through Aug. 31, 2017, the U.S. dollar is down 7.5 percent compared to 16 global currencies in the Wall Street Journal Dollar Index. The Thomson Reuters/ CoreCommodity CRB Index (an index of 19 commodities that is heavily weighted in energy and agriculture) is down 8.1 percent. My market experience leads me to conclude that gold is likely to perform even better in the last quarter of 2017, since the months of September through February mark the peak of the demand cycle for gold jewelry, which accounts for almost half of global gold demand. Jewelry demand begins in September with Diwali, the five-day festival of lights celebrated by millions of Hindus, Sikhs and Jains across the world, followed by the Indian wedding season, when gold gift giving is traditional. Christmas, Chinese New Year, and Valentine’s Day are observances that add to the demand for jewelry. Frank Holmes, chief investment officer at U.S. Global Investors, says that this series of holidays is gold’s annual love trade. In early August 2017, I forecast that gold would have a good month based on a series of chilling news reports about North Korea.

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That prediction came true, as gold increased $60 per ounce over the next three weeks. Gold rose after the terrorist attack in Barcelona, Spain, on Aug. 17, 2017 and jumped to over $1,300 after North Korea fired a ballistic missile over Japan.

The final quarter of 2017 should see gold continuing to rise based on seasonal patterns dating back to 1975. Unresolved tensions in various global hot spots, most notably North Korea, will add to the upward pressure. Historically, gold tends to rise sharply during the first year of a newly elected U.S. president from an opposing party. In 1993, president Bill Clinton’s first year, gold climbed 19.3 percent. In president George W. Bush’s first year, gold rose only 2.2 percent, but the uncertainty after the terrorist attacks of Sept. 11, 2001 gave birth to a major gold bull market from 2001 to 2011. In 2009, Barack Obama’s first year, gold saw a 24.4 percent increase. Gold tends to climb in value during a U.S. president’s first year, in part because new presidents are confronted with obstacles before they gain the experience necessary to overcome them. We are seeing that happen with the threats coming from North Korea and the Trump Administration’s learning curve in dealing with the tensions. Gold Bull Markets Often Fuel Rare Coin Bull Markets

The price of gold has no direct correla-

tion to rare U.S. coins, but during this bull market surge we have seen rising demand for better-date of certain scarce Liberty head double eagles ($20 gold pieces) and Saint-Gaudens double eagles, another type of $20 gold piece. More importantly, a rising gold price tends to generate more investment interest in gold bullion bars and coins, which motivates new customers to enter the precious metals market and do business with established coin dealers. Many of these new bullion customers see the benefit, joy, and educational value of collecting rare U.S. gold and silver coins, creating demand, and therefore higher prices, for those coins. This happened in the 1970s when gold rose sharply, bringing more customers into the rare coin market. This also occurred in the mid- to late-1980s and mid-2000s, and it could happen again. A higher gold price has been the stimulus behind the beginning of past multi-year rare coin bull markets in which prices spiraled upward by 100 percent to 1,000 percent in only a few years due to an expanding base of new coin buyers. Recently, many dealers, including my own company, have seen a 40 percent increase in interest generated by new customers. Based on over four decades of experience in the rare coin market, I don’t expect these new bullion customers to become interested in rare coins immediately. But if they research the history of rare coins and follow the market, as I expect, they will learn about the potential profits, as well as the sheer joy, associated with owning rare coins. Mike Fuljenz, president of Universal Coin & Bullion in Beaumont, Texas, is a leading coin expert and market analyst whose insightful writing and consumer advocacy have earned major honors from the ANA, PNG, NLG and the Press Club of Southeast Texas. His Website is www.universal coin.com. COINage

QUALITY COINS FROM JACK H. BEYMER

All ﬁve six-piece type coin sets are housed in custom Capital Plastics holders, and the coins grade good or better. EARLY TYPE CENTS EARLY TYPE ODD DENOMINATION

Large Cent 1793-1857

Seated Half Dime 1837-1873

Flying Eagle Cent 1856-1858

Indian Head Cent 1864-1909

Lincoln Cent 1909-1958

Lincoln Cent 1959 to Date

SET FOR $67.50 EARLY TYPE NICKELS

Shield Nickel 1866-1883

Liberty Nickel 1883-1912

Buffalo Nickel 1913-1938

SET FOR $58.00

Half Cent 1793-1857

Jefferson Nickel 1938 to Date

EF-AU 225. 340. 1180. 435. 860. 1625.

BU 325 375. 2100. 450. 880. 1665

3¢ Nickel 1864-1889

Silver 3¢ Piece 1851-1873

Twenty Cent Piece 1875-1878

Seated Quarter 1838-1891

Barber Quarter 1892-1915

Liberty Quarter 1916-1930

Washington Qtr 1932 to Date

SET FOR $295.00 EARLY TYPE QUARTERS

U.S. GOLD $1.00 LIB $2.50 IND $3.00 $5.00 LIB $10.00 LIB $20.00 LIB

Two Cent Piece 1864-1857

Bust Quarter 1815-1838

SET FOR $220.00

U.S. COMMEMORATIVE COINS

1893 ISABELLA QUARTER MS63.. 560.00 MS62 490.00 PCGS MS62 ........... 492.50 MS60 420.00 PCGS MS61 .......... 457.50 AU55 395.00 AU58..... ................ 402.50 AU50 385.00 NGC AU53. ............ 395.00 MS60, whizzed, barely noticeable.................................... 367.50 EF45 365.00 NGC EF45. .............. 367.50 VF30 337.50 EF40..... .................. 350.00 1900 LAFAYETTE DOLLAR NGC AU58 775.00 PCGS MS64. 2800.00 PCGS MS63............ ................... 1960.00 PCGS UNC details, cleaned. ....... 560.00 PCGS EF45.................................. 478.50 1921 ALABAMA 2x2 NGC MS65... 1472.50 MS62 445.00 ICG MS65. ........... 1472.50 MS60 378.50 NGC MS64. ........... 597.50 EF45 262.50 AU50..... ................. 350.00 1921 ALABAMA PCGS MS65. ...... 1227.50 AU50 175.00 NGC MS63. ........... 512.50 NGC MS62............. ..................... 375.00 1936 ALBANY PCGS MS65.. ......... 338.50 MS63 280.00 PCGS MS64 .......... 296.50 1937 ANTIETAM PCGS MS66 ....... 842.50 MS65 770.00 PCGS MS65 .......... 772.50 1935 ARKANSAS PCGS MS65 ...... 150.00 1935D ARKANSAS PCGS MS66.... 520.00 1935S ARKANSAS PCGS MS66.... 562.50 PCGS MS65............ .................... 255.00 1936 ARKANSAS NGC MS66. ....... 632.50 NGC MS64............. ..................... 142.50 1936D ARK. PCGS MS66... ........... 562.50 AU50 112.50 OCGS MS65 .......... 247.50 PCGS, ANACS MS64..... .............. 145.00 1936S ARK. NGC MS66.... ............ 632.50 1937 ARK. PCGS MS66.... ............ 562.50 MS63 131.50 PCGS MS64 .......... 151.50 MS60 126.50 PCGS MS63 .......... 133.50 1937D ARK. PCGS MS66 CAC.... . 705.00 PCGS MS65............ .................... 300.00 1937S ARK. PCGS MS65 CAC.... .. 305.00 PCGS MS65............ .................... 300.00 1938 ARK.PCGS MS65..... ............ 422.50 NGC MS64............. ..................... 247.50 1938D ARK. PCGS MS66... ........... 842.50 PCGS MS65 CAC........ ................ 497.50 NGC MS65 492.50 PCGS MS65. 492.50 PCGS MS63 212.50 NGC MS64. 247.50 1938S ARK. PCGS MS65... ........... 750.00 NGC, PCGS MS64....... ................ 247.50 1939 ARK. PCGS MS65.... ............ 807.50 1939D ARK. PCGS MS66 CAC.... . 1472.50 PCGS MS65 CAC........ ................ 847.50 NGC MS65............. ..................... 842.50 1939S ARK. PCGS MS66... .......... 1402.50 NGC MS64 395.00 NGC MS65... 1065.00 1936S BAY BRIDGE PCGS MS66.. 400.00 PCGS, NGC MS65....... ................ 240.00 PCGS MS65, lightly toned............ 230.00 MS60 175.00 PCGS MS64 .......... 220.00 AU55 170.00 AU58..... ................ 171.50 EF40 161.50 AU50..... ................. 168.50 1934 BOONE PCGS MS66............. 338.50 1935/34 BOONE PCGS MS66 ....... 338.50 PCGS MS64 185.00 NGC MS66... 338.50 1935/34D BOONE 2003 coins issued, the lowest mintage commem. coin PCGS MS66....... 1150.00 PCGS MS65............ .................... 912.50 1935/34S BOONE NGC MS65 757.50 NGC MS66.. 1065.00 1935 BOONE PCGS MS66............. 282.50 PCGS MS64 185.00 PCGS MS65 198.50 PCGS MS63............ .................... 177.50 1935D BOONE PCGS MS66.. ........ 422.50 PCGS MS64 185.00 PCGS MS65 317.50 1935S BOONE PCGS MS66.. ........ 422.50 PCGS MS64 191.50 PCGS MS65 220.00 1936 BOONE NGC MS66............... 317.50 PCGS MS65............ .................... 261.50 ANACS MS64........... ................... 212.50 1936D BOONE NGC, PCGS MS66.. 317.50 1936S BOONE NGC MS66... ......... 317.50 1937 BOONE PCGS MS66............. 317.50

PCGS MS64 198.50 NGC MS66... 317.50 1937D BOONE PCGS MS66.. ........ 597.50 NGC MS65............. ..................... 457.50 NGC MS64 373.50 PCGS MS64... 373.50 1937S BOONE NGC MS66... ......... 815.00 PCGS MS66............ .................... 815.00 1938 BOONE PCGS MS66 CAC.... .. 917.50 PCGS MS64 457.50 PCGS MS66 912.50 1938D BOONE PCGS MS66.. ........ 842.50 PCGS MS65............ .................... 527.50 1936 BRIDGEPORT PCGS MS66... 352.50 PCGS MS64 170.00 PCGS MS65. 212.50 1925S CALIFORNIA JUBILEE MS62 237.50 PCGS MS65 .......... 527.50 MS60 231.50 NGC, PCGS MS64.. 422.50 AU58 228.50 PCGS MS63 .......... 247.50 AU55 226.50 PCGS AU58 ........... 230.00 EF45 203.50 AU50..... ................. 224.50 VF20 190.00 EF40..... .................. 190.00 AU50 many small rim dings ........ 185.00 1936 CINCINNATI PCGS MS65... ... 527.50 1936D CINCINNATI PCGS MS65.... 527.50 PCGS MS63 422.50 PCGS MS64 457.50 1936S CINCINNATI PCGS MS65.. 562.50 1936 CLEVELAND PCGS MS66.... 268.50 NGC MS66............. ..................... 268.50 MS64 147.50 NGC, PCGS MS65 177.50 AU50 112.50 PCGS, NGC MS64 150.00 1936 COLUMBIA PCGS MS66 CAC.355.00 1936D COLUMBIA PCGS MS66 CAC.355.00 1936S COLUMBIA NGC MS65 ...... 282.50 1892 COLUMBIAN EXPO NGC MS66 bluish-golden toning, semi proof-like... .............. 950.00 NGC MS66............. ..................... 758.50 AU55 PL rev 28.50 NGC MS65 .. 422.50 NGC MS65, toned...... ................. 400.00 PCGS MS63 86.50 PCGS MS64... 156.50 PCGS AU55 28.50 MS63. ............ 84.50 AU50 24.00 AU55 26.00 AU58 .... 27.50 VF30 22.50 EF40 23.00 EF45 ...... 23.50 1893 COLUMBIAN EXPO NGC MS66............. ..................... 737.50 NGC MS65, light bluishgolden toning........ ...................... 550.00 PCGS MS65, untoned... .............. 457.50 PCGS MS64, bluish golden.. ........ 171.50 MS60 32.50 MS64, toned.... ........ 140.00 AU55 26.00 AU58...... .................. 27.50 EF40 23.00 EF45 23.50 AU50 ....... 24.00 F12 21.50 VF20 22.00 VF30. ......... 22.50 1935 CONNECTICUT PCGS, NGC MS66....... ................ 597.50 NGC MS63 268.50 PCGS MS65... 457.50 1936 DELAWARE NGC MS65 325.00 PCGS MS66. 436.50 MS65 322.50 PCGS MS65 .......... 325.00 PCGS MS64............ .................... 296.50 1936 ELGIN PCGS MS65... ........... 268.50 MS64 245.00 PCGS MS64 .......... 247.50 PCGS MS63............ .................... 233.50 1936 GETTYSBURG PCGS MS65. 1000.00 PCGS MS64 702.50 NGC MS65. 1000.00 NGC MS65, toning..... ................. 950.00 1922 GRANT WITH STAR PCGS MS64............ ................... 3082.50 PCGS MS63............ ................... 1990.00

PCGS MS62 173.50 PCGS MS65 282.50 PCGS MS64 212.50 NGC MS65. 282.50 AU58 150.00 PCGS AU58 ........... 152.50 EF40 126.50 AU50..... ................. 147.50 1946 IOWA NGC MS67..... ............ 255.00 PCGS, NGC MS66....... ................ 177.50 MS65 147.50 NGC, PCGS MS65 150.00 MS60 105.00 PCGS MS62 .......... 112.50 1925 LEXINGTON CONCORD PCGS MS64 156.50 NGC MS65. 387.50 MS62 105.00 PCGS MS65 .......... 387.50 AU58 91.50 NGC MS63.. ............ 115.00 AU50 84.50 AU53 86.00 AU55 .... 88.50 VF20 70.00 VF30 73.50 EF40 ...... 77.50 1918 LINCOLN ILLINOIS AU50 155.00 PCGS MS66 .......... 807.50 PCGS MS63 198.50 PCGS MS64 255.00 EF40 147.50 EF45..... .................. 151.50 1936 LONG ISLAND PCGS MS66.. 422.50 MS63 112.50 PCGS MS65 .......... 226.50 MS62 108.50 PCGS MS64 .......... 121.50 MS60 105.00 NGC MS62. ........... 111.00 AU50 91.50 AU55 95.00 AU58 .... 98.00 PR65 .5 oz .999 silver replica.............. ............................ 20.00 1936 LYNCHBURG PCGS MS65..... 331.50 MS62 272.50 PCGS MS64 .......... 296.50 1920 MAINE PCGS MS65... .......... 436.50 MS60 167.50 PCGS, NGC MS64 220.00 EF40 118.50 AU50..... ................. 147.50 1934 MARYLAND PCGS MS66 ..... 352.50 MS64 202.50 PCGS MS65 .......... 247.50 PCGS MS64............ .................... 205.00 AU58 161.50 PCGS MS63 .......... 191.50 1921 MISSOURI 2X4 PCGS MS65. 1965.00 PCGS MS64............ ................... 1262.50 1921 MISSOURI PCGS MS65 ...... 2242.50 PCGS MS64............ ................... 1087.50 AU58 525.00 PCGS MS63 CAC. 952.50 NGC, ANACS, PCGS MS62.......... 772.50 1923S MONROE DOCTRINE AU58 79.50 PCGS MS65. .......... 1122.50 PCGS MS63 142.50 PCGS MS64 240.00 AU55 74.50 PCGS AU58. ............. 81.50 VF30 38.50 EF40 42.50 AU50 ..... 56.50 F12 30.00 VF20....... ..................... 35.00 VF20, big edge bump.. ................. 21.50 1938 NEW ROCHELLE PCGS MS66 CAC light toned...... 525.00 NGC MS65 465.00 PCGS MS66. 525.00 MS60 385.00 PCGS MS65+.... ..... 488.50 PCGS MS63 402.50 PCGS MS65 465.00 1936 NORFOLK PCGS MS66. ....... 450.00 NGC MS65 395.00 PCGS MS65... 395.00 1925 NORSE AMERICAN MEDALS Commemorating 100 years after the ship Restauration brought immigrants from Norway. 40,000 authorized by congress, the silver weight is about the same as a US silver half dollar THIN (about 3 times rarer than the thick) PCGS MS64. ...... 600.00 PCGS MS63............ .................... 475.00 THICK PCGS, NGC MS64. ........... 350.00 PCGS MS63............ .................... 275.00 1926 OREGON TRAIL PCGS MS65. 282.50 PCGS MS63 233.50 MS65 .......... 280.00 AU50 161.50 AU58..... ................ 176.00 EF40 140.00 SEGS EF45 ............. 148.50 1926S ORE PCGS MS64.... ........... 247.50 MS60 189.50 MS62..... ............... 210.00 AU55 170.00 AU58..... ................ 175.00 EF40 140.00 AU50..... ................. 161.50 1928 ORE PCGS MS66..... ............ 492.50 MS63 231.50 PCGS MS65 .......... 317.50 PCGS MS64............ .................... 282.50 1933D PCGS MS67...................... 1330.00 1934D ORE

MS65 (was PCGS MS65). ........... 350.00 1934D ORE MS64 tripled die obverse FS801........ .................... 306.50 1936 ORE NGC MS67...... ............. 675.00 PCGS MS65 296.50 PCGS MS66 352.50 PCGS MS63 233.50 PCGS MS64 247.50 ANACS MS63........... ................... 233.50 1936S ORE PCGS MS66.... ........... 392.50 1937D ORE NGC MS67..... ............ 597.50 NGC MS65 282.50 PCGS MS66. 325.00 PCGS MS64 255.00 MS64 .......... 252.50 1938 ORE NGC MS67...... ............ 1025.00 PCGS MS65 317.50 PCGS MS66 389.50 PCGS MS63 233.50 PCGS MS64 255.00 1938D ORE PCGS MS67.... ........... 702.50 PCGS MS65 317.50 PCGS MS66 387.50 1938S ORE PCGS MS65.... ........... 352.50 1939 ORE NGC MS66...... ............. 786.50 PCGS MS65............ .................... 700.00 PCGS MS64+ CAC....... ............... 664.50 PCGS MS64 CAC........ ................ 637.50 PCGS MS64............ .................... 632.50 1939D ORE PCGS MS65.... ........... 700.00 1939S ORE NGC MS67..... ........... 1262.50 PCGS MS64 632.50 NGC MS66. 772.50 PCGS MS65 CAC........ ................ 705.00 PCGS MS65............ .................... 700.00 1915S PANAMA PACIFIC EXPO PCGS MS64, nicely toned... ...... 1087.50 AU50 420.00 AU55..... ................ 465.00 PCGS EF45.................................. 315.00 1915 PANAMA PACIFIC EXPO medal 1.5 inches, brass Mercury with ship MS66BN ..... 150.00 1920 PILGRIM PCGS MS66.......... 597.50 NGC MS65............. ..................... 255.00 PCI AU58 102.50 PCGS MS63. .. 115.00 AU50 91.50 AU55 98.00 AU58 ... 100.00 VF20 65.00 EF40...... .................... 74.50 1921 PILGRIM PCGS MS66.......... 912.50 AU50 196.50 PCGS MS64 .......... 240.00 NGC MS63............. ..................... 226.50 MS60, edge bumps..... ................ 148.50 1936 RHODE ISLAND PCGS MS65. ........ 185.00 PCGS MS64............ .................... 142.50 AU58 115.00 PCGS MS63 .......... 128.50 1936D RHODE ISLAND NGC MS66. ................................ 255.00 PCGS MS65 185.00 PCGS MS66 255.00 MS62................. ......................... 122.50 1936S RHODE ISLAND PCGS MS65 .212.50 MS64................. ......................... 175.00 1937 ROANOKE PCGS MS66. ....... 303.50 PCGS MS64 247.50 PCGS MS65 282.50 PCGS MS64 CAC........ ................ 252.50 ANACS AU58 195.00 MS62.... ... 199.50 1936 ROBINSON ARKANSAS MS63 154.50 PCGS MS66 .......... 422.50 MS62 147.50 PCGS MS65 .......... 240.00 AU58 129.50 PCGS MS64 .......... 185.00 1935S SAN DIEGO PCGS MS66... 191.50 MS65 147.50 NGC, PCGS MS65 163.50 MS64 132.50 PCGS, NGC MS64 135.00 MS63 126.50 PCGS MS63 .......... 128.50 MS62................. ......................... 123.00 AU58 116.00 MS60..................... 119.50 AU50 112.50 AU55..... ................ 114.50 1936D SAN DIEGO PCGS MS65... 177.50 MS62 122.50 PCGS MS64 .......... 135.00 AU50 112.50 PCGS MS63 .......... 128.50 1926 SESQUICENTENNIAL MS62 122.50 PCGS MS64 .......... 255.00 MS60 105.00 PCGS MS63 .......... 142.50 VF30 50.00 EF45 70.00 AU50 ..... 91.50 1935 SPANISH TRAIL PCGS MS65 1460.00 PCGS MS64............ ................... 1400.00 PCGS MS63............ ................... 1332.50 PCGS AU55............ .................... 1272.50 NGC UNC details, scratches very small obv scratches, looks very nice...... ..................... 1192.50 1925 STONE MOUNTAIN MS64 161.50 PCGS MS66 CAC. 357.50

MS63 91.50 PCGS MS65. ........... 225.00 MS60 77.50 ANACS MS64.......... 163.50 MS64, was PCGS MS64.............. 161.50 PCGS MS63............ ..................... 93.50 AU50 70.00 AU55 72.50 AU58 .... 73.50 VF30 50.00 EF40 53.50 EF45 ...... 63.50 VF30 in folder with 5 civil war related stamps ........... 57.50 VG7 35.00 F12 40.00 VF20.. ....... 47.50 AU50, C in right obv field ............ 30.00 1925 STONE MOUNTAIN doubed die obv ANACS MS64..... 187.50 EF40 69.50 MS64...... ................. 185.00 1934 TEXAS PCGS MS66... .......... 366.50 MS63 177.50 PCGS MS65 .......... 233.50 AU58 157.50 NGC MS64. ........... 191.50 AU50 154.50 PCGS MS63 .......... 177.50 EF45................. ........................... 150.00 1935 TEXAS NGC, PCGS MS66... 317.50 1935D TEXAS NGC, PCGS MS66.. 317.50 PCGS MS64 191.50 PCGS MS65 247.50 1935S TEXAS PCGS MS66.. ......... 317.50 MS60 161.50 PCGS MS64 .......... 191.50 1936 TEXAS PCGS MS66... .......... 317.50 1936D TEXAS PCGS MS66+. ........ 392.50 MS63 175.00 PCGS MS66 .......... 373.50 PCGS MS65............ .................... 247.50 1936S TEXAS PCGS MS66.. ......... 373.50 PCGS MS64 191.50 PCGS MS65 217.50 MS63................. ......................... 175.00 1937 TEXAS PCGS MS66... .......... 366.50 MS60 161.50 PCGS MS63 .......... 177.50 1937D TEXAS PCGS MS66.. ......... 366.50 PCGS MS64............ .................... 191.50 1937S TEXAS PCGS MS66.. ......... 352.50 1938 TEXAS PCGS MS65... .......... 527.50 1938D TEXAS PCGS MS66.. ......... 702.50 1925 FORT VANCOUVER MS60 408.50 PCGS MS64 .......... 535.00 AU55 375.00 PCGS MS63 .......... 457.50 EF40................. ........................... 338.50 1927 VERMONT PCGS MS65. ...... 548.50 PCGS MS64............ .................... 373.50 1946 B.T. WASHINGTON PCGS, NGC MS65....... ................. 72.50 MS64 31.00 PCGS MS64. ............ 32.50 AU58 23.25 MS60 24.00 MS63 28.00 AU50 21.50 AU55...... .................. 22.50 F12 14.50 EF40 19.50 EF45. 20.75 1946D B.T. WASHINGTON MS63 28.00 PCGS MS66. ........... 198.50 NGC MS64............. ...................... 32.50 1946S B.T. WASHINGTON NGC, PCGS MS66....... ................ 121.50 PCGS MS65............ ..................... 72.50 NGC, PCGS MS64....... ................. 32.50 MS60 24.00 MS62 26.00 MS63 .. 28.00 AU50 21.50 AU58...... .................. 23.25 1947 B.T. WASHINGTON MS65 84.50 NGC MS66.. ............ 352.50 PCGS, ANACS MS65..... ............... 86.50 NGC MS64............. ...................... 72.50 MS63 62.50 PCGS MS64. ............ 72.50 1947D B.T. WASHINGTON PCGS MS64 72.50 NGC MS66.. . 422.50 PCGS, NGC MS65....... ................. 93.50 1947S B.T. WASHINGTON NGC MS66PL not labeled PL. .... 505.00 NGC, PCGS, ANACS MS66.......... 420.00 PCGS, NGC MS65....... ................. 93.50 MS63 62.50 PCGS MS64. ............ 72.50 1948 B.T. WASHINGTON ANACS, NGC, PCGS MS66.......... 350.00 PCGS MS65............ ..................... 86.50 1948D B.T. WASHINGTON NGC, ANACS, PCGS MS66.......... 265.00 MS63 70.00 PCGS MS65. ............ 93.50 PCGS, NGC MS64....... ................. 80.00 1948S B.T. WASHINGTON NGC MS67 CAC, no CAC coins graded higher........ ..................... 1255.00 NGC MS66 blue, green, reddish toning, very nice. ........... 400.00 NGC, PCGS MS66....... ................ 270.00

1949 B.T. WASHINGTON PCGS, NGC MS66....... ................ 255.00 PCGS MS65............ .................... 191.50 NGC, PCGS MS64....... ................. 86.50 1949D B.T. WASHINGTON PCGS MS65 170.00 NGC MS66. 212.50 1949S B.T. WASHINGTON NGC MS66............. ..................... 226.50 1950 B.T. WASHINGTON NGC, PCGS MS66....... ................ 247.50 PCGS MS64 79.50 PCGS MS65. 115.00 1950D B.T. WASHINGTON NGC MS66 212.50 ANACS MS66 212.50 PCGS MS64 80.00 PCGS MS65. 121.50 1950S B.T. WASHINGTON NGC MS66 112.50 PCGS MS66. 115.00 MS64 56.50 PCGS MS65. ........... 107.50 MS63 35.00 PCGS MS64. ............ 58.50 MS62................. .......................... 31.50 AU55 26.00 AU58 26.50 MS60 ... 28.00 VF20 18.50 EF45 20.00 AU50 ..... 25.00 1951 B.T. WASHINGTON MS64 49.50 NGC, PCGS MS65. .. 72.50 MS60 28.00 MS63...... ................. 38.50 AU55 23.50 AU58...... .................. 24.50 1951D B.T. WASHINGTON PCGS MS64 86.50 PCGS MS66. 177.50 MS63................. .......................... 70.00 1951S B.T. WASHINGTON PCGS MS67, the nicest BTW I have seen, no coins graded higher........ ...................... 915.00 PCGS MS66............ .................... 212.50 1951 WASHINGTON-CARVER MS64 70.00 PCGS MS65. ........... 212.50 MS63 50.00 NGC, PCGS MS64. .. 72.50 MS62 38.50 NGC, PCGS MS63. .. 52.50 NGC MS62............. ...................... 41.50 VF20 16.00 VF30.......................... 17.50 1951D WASHINGTON-CARVER PCGS MS64 80.00 PCGS MS66. 422.50 PCGS MS65............ .................... 185.00 1951S WASHINGTON-CARVER PCGS MS65 100.00 NGC MS66. 212.50 PCGS MS64 65.00 NGC MS65.. . 100.00 1952 WASHINGTON-CARVER PCGS MS66............ .................... 233.50 MS63 31.00 PCGS MS65. ............ 72.50 MS60 28.00 PCGS MS64. ............ 37.50 AU58 24.50 NGC, PCGS MS63. 33.50 EF40 19.50 AU50 21.00 AU55 23.00 1952D WASHINGTON-CARVER NGC MS66............. ..................... 950.00 PCGS MS62 45.00 PCGS MS64. 82.50 1952S WASHINGTON-CARVER PCGS MS65 107.50 NGC MS66. 247.50 PCGS MS64............ ..................... 61.50 1953 WASHINGTON-CARVER PCGS MS66 CAC........ ................ 532.50 MS63 42.50 PCGS MS65. ........... 145.00 PCGS MS64............ ..................... 58.50 1953D WASHINGTON-CARVER ANACS, PCGS MS65..... .............. 128,50 NGC MS63 51.50 PCGS MS64.. .. 65.00 MS62 45.00 MS63...... ................. 48.50 1953S WASHINGTON CARVER MS65 70.00 PCGS MS66. ........... 352.50 MS64 42.50 PCGS MS65. ............ 72.50 MS63 35.00 NGC MS64.. ............. 45.00 MS62 32.50 PCGS MS64. ............ 45.00 VF30 23.75 AU58 24.50 MS60 .... 27.50 1954 WASHINGTON-CARVER PCGS MS66............ .................... 527.50 NGC, PCGS MS65....... ................. 72.50 MS63 35.00 PCGS MS64. ............ 45.00 1954D WASHINGTON-CARVER PCGS MS66, top of the pop no coins graded higher.... ........... 632.50 PCGS MS65............ .................... 100.00 MS63 42.50 PCGS MS64. ............ 51.50 1954S WASHINGTON-CARVER PCGS MS65 72.50 PCGS MS66 387.50 MS60 27.50 MS62 31.50 MS63 .. 35.00 VF30 18.50 EF40 19,50 AU58 ..... 26.00

1922 GRANT PCGS MS66............ 1122.50 MS64 282.50 PCGS MS65 ......... 646.50 PCGS MS63............ .................... 177.50 AU50 126.50 AU55..... ................ 130.00 1928 HAWAII ANACS, PCGS MS63 2945.00 PCGS MS61 2680.00 NGC MS62 2770.00 PCGS MS62............ ................... 2770.00 PCGS genuine, cleaning, UNC details. Looks MS63 with light hairlines...................... 2000.00 1935 HUDSON PCGS MS64......... 1052.50 PCGS MS63............ .................... 982.50 1924 HUGUENOT WALLOON PCGS MS66 702.50 NGC MS66. 702.50

OUR POLICY: GRADING: Strict Photograde, ANA grading. LAYAWAY 1/3 with your order, and the remaining 2/3 within two months. APPROVAL SERVICE: Three references from coin dealers who now offer you approval service must be furnished for us to check. Money orders, bank drafts no delay; personal checks must clear our bank. POSTAGE & HANDLING: Orders under $100 add $4. RETURN PRIVILEGE: Coins may be returned within 30 days for any reason. California residents add 8.50% sales tax. PLEASE GIVE US SECOND CHOICES. VISA, MASTERCARD, AMERICAN EXPRESS & DISCOVER CARD ARE ACCEPTED. PRICES SUBJECT TO CHANGE. STORE HOURS: 10 a.m. to 6 p.m. Mon.-Sat. PHONE 707-544-1621. FAX MESSAGES 707-575-5304.

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JACK H. BEYMER – OUR 50th YEAR 2490 W. 3rd Street, Dept. CA, Santa Rosa, CA 95401 707-544-1621 • FAX 707-575-5304 Our new website: www.beymerzcoins.com

A LIFE WELL WRITTEN

Remembering Senior Editor Ed Reiter

www.coinagemag.com

COINage

Ed Reiter (1938-2017) generously shared his writing gifts with COINage readers in his column ‘My Two Cents’ Worth’ by perfectly balancing wordplay with substance. He effortlessly elevated the status of beginning collectors from swindler’s mark to informed amateur. In doing so, no target was too big for Ed’s mighty pen, as his criticisms of the U.S. Mint aptly illustrate. We pay homage to this giant of numismatic journalism and help celebrate his illustrious career by republishing these columns. —Scott A. Travers

HERITAGE AUCTIONS

THE END OF AN ERA

“It’s the end of an era.” We’ve heard that expression increasingly since the dawn of the new millennium in 2001. (No, it didn’t start in 2000; that was the final year of the old millennium.) Dozens of major newspapers have gone out of business or greatly curtailed operations in the face of competition from internet news sites and television news networks. Cameras using traditional film have become obsolete in this age of digital photography—and whereas Foto-Mats once could be found in shopping malls large and small, you’d have a real problem finding anyone to develop a roll of that film today. For that matter, even shopping malls have become an endangered species as consumers take their business to Amazon and other online sellers. Recently, word came that the plug is about to be pulled on landline phones—the kind with a cord coming out of the wall. But before I could fully digest this latest assault on tradition, my attention was diverted by an e-mail on my computer (one of my reluctant nods to progress) announcing the end of an era with special significance for our hobby: After Sept. 30, the United States Mint will no longer accept mail orders for its vast array of premium-priced coins and sets. Mail orders received after Sept. 30 will be returned with instructions for placing them either online or by phone. This news wasn’t surprising, given the rapidly paced advancement of modern technology. But it certainly wasn’t based on concern for the coin-buying public. On the contrary, it will complicate the ordering process for collectors who don’t own computers and aren’t computerliterate to begin with. Even now, mail orders are impractical for special offerings such as last year’s gold “Mercury” dime, which sell out quickly—sometimes in a matter of minutes. Yet, this link with the past has created a comfort zone that many collectors will miss. They can place their orders by phone; most of us old-timers still have one of those—often a landline model. But simple as that sounds, even the smallest change can be disconcerting for creatures of habit, including longtime collectors. I keenly recall the excitement I felt after mailing my orders for proof sets costing $2.10 apiece back in the 1950s and early 1960s—but nowadays, when buying proof sets for my grandchildren, I use my computer to order them online. I suppose my grandparents (and some of you readers’ great-grandparents) had to make similar adjustments a century ago when they found their horses and buggies being crowded off the road by those

newfangled Model-T Fords. Big changes were afoot back then, as well, what with flying machines beginning to appear overhead, silent movies giving vaudeville a run for its money, and floor-model Victrolas playing scratchy recordings of John Philip Sousa marches, Enrico Caruso arias—or perhaps early jazz—in upscale American living rooms. Those innovations were dramatic. But they didn’t come nearly as fast or as furious as the fundamental upheavals we’re experiencing today. Driverless cars … drones that make deliveries … pocket-size phones that double as cameras—these were the stuff of science fiction not that many years ago. Coins could join the relentless march into oblivion, even though their roots go back over 25 centuries. Already, countless consumers are paying their bills with credit cards and other money substitutes—and Americans soon could find themselves with just two different coins, the quarter and the dime, available for use in daily commerce. I don’t see this as a death knell for our hobby. The coins already minted in the course of those many centuries will continue to fire collectors’ imagination and stir their acquisitive nature even if no new coins are being made. After all, Model T’s, vintage Victrolas, and old Brownie cameras remain popular 21st-century collectibles long after leaving the passing parade. All things considered, losing the option of buying by mail from Uncle Sam’s Mint is a pretty small milestone on the highway of human progress. Still, I’ll always miss those $2.10 proof sets. First published: August 2017

ECONOMICS $1.01

For college students majoring in business administration, Economics 101 is a basic course. Members of Congress are now proposing a variation on that theme: Economics $1.01. continued on page 18

November 2017

NORWOOD COIN

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Special Prices On 1st Year TYPE COINS AND STARTER SETS

CHOICE PROOF SETS Government Issue Superior Quality

1954............... 95.50 1955 FP ........ 125.50 1956............... 61.50 1957............... 29.50 1958............... 32.50 1959............... 29.50 1960............... 30.50 1960 SD ......... 32.50 1961............... 24.00 1962............... 23.50 1963............... 23.50 1964............... 24.00 1968-S.............. 8.50 1969-S.............. 7.50 1970-S............ 12.50 1971-S.............. 5.50 1972-S.............. 5.50 1973-S............ 10.00 1974-S............ 12.50 1975-S............ 12.50 1976-S.............. 9.50 1976-S 3pc ..... 25.50 1977-S.............. 8.50 1978-S.............. 8.50 1979-S.............. 8.50 1979-S T2 ....... 55.50 1980-S.............. 6.50 1981-S.............. 6.50 1982-S.............. 6.00 1983-S.............. 6.00 1984-S.............. 6.00 1985-S.............. 5.50

1986-S.............. 7.50 1987-S.............. 5.50 1988-S.............. 6.50 1989-S.............. 5.50 1990-S.............. 7.00 1991-S ............ 5.50 1992-S.............. 6.00 1993-S.............. 6.50 1994-S.............. 6.50 1995-S............ 11.50 1996-S.............. 9.00 1997-S.............. 9.50 1998-S............ 11.50 1999-S.............. 9.50 2000-S.............. 7.50 2001-S............ 11.50 2002-S.............. 9.50 2003-S.............. 8.50 2004-S............ 11.50 2005-S.............. 7.50 2006-S............ 10.50 2007-S............ 16.50 2008-S............ 41.50 2009-S............ 24.50 2010-S............ 35.50 2011-S............ 35.50 2012-S.......... 129.50 2013-S............ 33.50 2014-s ............ 39.50 2015-S............ 37.50 2016-S............ 35.00 2017-S............ 30.00

CHOICE MINT SETS Government Issue

1962..................42.50 1963..................35.50 1964..................32.50 1965 SMS ..........11.50 1966 SMS ..........11.50 1967 SMS ..........11.50 1968....................8.50 1969....................8.50 1970..................19.50 1971....................5.50 1972....................4.50 1973..................13.50 1974....................7.50 1975....................9.50 1976....................9.50 1976 3pc ...........18.50 1977....................8.50 1978....................8.50 1979....................7.50 1980....................7.50 1981..................11.50 1984....................5.50 1985....................5.50 1986....................9.00 1987....................5.50 1988....................5.50 1989....................4.50 1990....................5.00

1991....................6.00 1992....................5.50 1993....................6.50 1994....................5.50 1995....................5.50 1996..................19.50 1997....................5.50 1998....................5.50 1999....................9.50 2000....................9.50 2001....................9.50 2002....................9.50 2003..................11.50 2004..................10.50 2005....................9.50 2006..................10.50 2007..................20.50 2008..................39.50 2009..................25.50 2010..................24.50 2011..................24.50 2012..................69.50 2013..................30.50 2014..................30.50 2015..................30.00 2016..................30.00 2017..................25.00

SILVER PROOF SETS 1992-S...............20.50 1993-S...............27.50 1994-S...............25.50 1995-S...............50.50 1996-S...............28.50 1997-S...............33.50 1998-S...............24.50 1999-S...............85.50 2000-S...............33.50 2001-S...............45.50 2002-S...............37.50 2003-S...............37.50 2004-S...............37.50

2005-S...............37.50 2006-S...............37.50 2007-S...............42.50 2008-S...............42.50 2009-S...............49.50 2010-S...............49.50 2011-S...............65.50 2012-S.............215.50 2013-s ...............65.50 2014-s ...............59.50 2015-S...............59.50 2016 -S .............59.50 2017 -S .............54.50

PRESTIGE SETS 1983-S.............42.00 1984-S.............27.00 1986-S.............24.00 1987-S.............24.00 1988-S.............30.00 1989-S.............33.00 1990-S.............28.00

1991-S.............37.00 1992-S.............42.00 1993-S.............38.00 1994-S.............36.00 1995-S.............77.00 1996-S...........299.00 1997-S.............59.00

1909 LINC 1¢ CH BU R/B ....................................................19.95

5 DIFF MERCURY 10¢* CH BU ..............................................35.00

1909-VDB LINC 1¢ CH BU R/B .............................................19.95

5 DIFF PRE 1965 SILVER* ROOSEVELT 10¢ GEMPF7 DIFF PRE 1965

1883 NC LIBERTY 5¢ CH BU ................................................25.95 1913 T1 BUFFALO 5¢ CH BU................................................29.00 1913 T2 BUFFALO 5¢ CH BU................................................34.95 1938 JEFFERSON 5¢ CH BU ..................................................9.95 1916 MERCURY 10¢ CH BU FSB ..........................................49.00 1917 T1 STAND LIB 25¢ CH BU FH ....................................249.00

SILVER* ...............................................................................19.00 4 DIFF PRE 1965 SILVER* WASHINGTON 25¢ PRF ................29.00 10 DIFFCLAD PRF*WASH 25¢ PRE 1999 ................................9.95 5 Diff WALK LIB 50¢* CH AU ................................................95.00 10 DIFF FRANKLIN 50¢* CH BU ..........................................189.00

1932 WASHINGTON 25¢ CH BU ...........................................29.00

3 DIFF FRANKLIN 50¢* GEM PROOF .....................................45.00

1964 KENNEDY 50¢ GEM PROOF ........................................19.00

10 DIFF KENNEDY 50¢* GEM CLAD PROOF ..........................34.95

1971-S TO 1974-S SIL IKE $ALL 4 CHBU ..............................45.00

*DATES OF OUR CHOICE

MORGAN & PEACE SILVER DOLLARS Very Select Brilliant Uncirculated Hand Selected for Full Luster Premium Quality! MS61+ Morgan Dollars 1878 7F ............... 85.00 1878 8F ............. 169.00 1878 7/8 ........... 180.00 1878-S................. 69.00 1878-CC ............ 395.00 1879.................... 59.00 1879-O ................ 99.00 1879-S................. 52.00 1880.................... 52.00 1880-O ................ 89.00 1880-S................. 52.00 1880-CC ............ 560.00 1881.................... 52.00 1881-O ................ 55.00 1881-S................. 49.00 1881-CC ............ 519.00 1882.................... 52.00 1882-CC ............ 229.00 1882-O ................ 52.00

Morgan Dollars 1882-S................. 57.00 1883.................... 49.00 1883-O ................ 52.00 1883-CC ............ 209.00 1884.................... 49.00 1884-O ................ 45.00 1884-CC ............ 209.00 1885.................... 45.00 1885-O ................ 45.00 1885-S............... 279.00 1885-CC ............ 750.00 1886.................... 45.00 1886-S............... 359.00 1887.................... 45.00 1887-O ................ 75.00 1887-S............... 139.00 1888.................... 49.00 1888-O ................ 59.00 1888-S............... 319.00

Morgan Dollars 1901-O ................ 49.00 1901-S............... 519.00 1902.................... 69.00 1902-O ................ 45.00 1902-S............... 379.00 1903.................... 65.00 1903-O .............. 419.00 1904.................. 109.00 1904-O ................ 52.00 1921.................... 39.00 1921-D ................ 45.00 1921-S................. 49.00 Peace Dollars 1922.................... 37.00 1922 D ................ 52.00 1922 S................. 49.00 1923.................... 37.00 1923 D ................ 75.00 1923 S................. 49.00

Peace Dollars 1924.................... 39.00 1924 S............... 239.00 1925.................... 42.00 1925 S................. 99.00 1926.................... 55.00 1926 D ................ 89.00 1926 S................. 59.00 1927.................... 85.00 1927 D .............. 209.00 1927 S............... 209.00 1928.................. 499.00 1928 S............... 245.00 1934.................. 119.00 1934 D .............. 155.00 1935.................... 85.00 1935 S............... 279.00

COMPLETE SETS

COMMON DATE ROLLS Full G & Better

Morgan Dollars 1889.................... 42.00 1889-S............... 265.00 1890.................... 42.00 1890-O ................ 79.00 1890-S................. 65.00 1891.................... 69.00 1891-S................. 79.00 1896.................... 45.00 1897.................... 45.00 1897-S................. 85.00 1898.................... 45.00 1898-O ................ 52.00 1898-S............... 259.00 1899.................. 245.00 1899-O ................ 52.00 1899-S............... 410.00 1900.................... 42.00 1900-O ................ 45.00 1900-S............... 299.00

(BU Sets in Deluxe Album) G/VG or Better

Indian Cents (50 pcs.) ........................................ 75.00 Liberty Nickels (40 pcs.) ..................................... 49.00 Buffalo Nickels (40 pcs.) Full Date ....................... 25.00 Barber Dimes (50 pcs.) .................................... 139.00 Mercury Dimes (50 pcs.) .................................... 89.00 Walking Lib. Halves (20 pcs.)* ......................... 169.00 Kennedy Halves (1964) (20 pcs.) BU ............... 169.00 Morgan Dollars VF/XF ( NO 21) ......................... 599.00 Mixed Dates of Our Choice SEND OR CALL US 518-477-2193 FOR FREE MONTHLY PRICE LIST

CH BU

Lincoln Cents (1941-1958) R / B.............................................................. 7.95.......................................... Jefferson Nickels (1938-1961) ............................................................... 49.00................................ 399.00 Roosevelt Dimes (1946-1964)................................................................ 79.00................................ 249.00 Washington Quarters (1941-1964)....................................................... 469.00............................................ Walking Liberty Halves (1941-1947) .................................................... 179.00................................ 749.00 Franklin Halves (1948-1963) ................................................................ 289.00................................ 749.00 Peace Dollars (1921-35) F & Better ..................................................... 899.00....................................... — Eisenr. Dollars (Incl. Prfs.) 32 Coins ........................................................... —................................ 189.00 S.B.A. Dollars (Incl. Prfs.) 18 Coins ............................................................ —................................ 259.00

SEND OR CALL US AT 518-477-2193 FOR FREE MONTHNLY PRICE LIST

SILVER EAGLES CH BU GEM PROOF

1986..................... 40.00 ................. 55.00 1987..................... 24.00 ................. 55.00 1988..................... 28.00 ................. 55.00 1989..................... 28.00 ................. 55.00 1990..................... 28.00 ................. 55.00 1991..................... 28.00 ................. 55.00 1992..................... 28.00 ................. 55.00 1993..................... 28.00 ................. 85.00 1994..................... 38.00 ............... 169.00 1995..................... 34.00 ................. 65.00

CH BU GEM PROOF

1996..................... 67.00 ................. 59.00 1997..................... 30.00 ................. 65.00 1998..................... 28.00 ................. 55.00 1999..................... 28.00 ................. 55.00 2000..................... 28.00 ................. 55.00 2001..................... 24.00 ................. 60.00 2002..................... 24.00 ................. 57.00 2003..................... 24.00 ................. 57.00 2004..................... 24.00 ................. 57.00 2005..................... 24.00 ................. 59.00

CH BU GEM PROOF

2006..................... 24.00 ................. 63.00 2007..................... 24.00 ................. 55.00 2008..................... 24.00 ................. 55.00 2009..................... 23.00 ......................n/a 2010..................... 23.00 ................. 55.00 2011..................... 23.00 ................. 55.00 2012..................... 23.00 ................. 55.00 2013..................... 23.00 ................. 55.00 2014..................... 23.00 ................. 55.00 2015..................... 23.00 ................. 54.00 2016..................... 23.00 ................. 59.00 2017..................... 23.00 ................. 59.00

Strictly Graded Better Date

STRICTLY GRADED CIRCULATED

TYPE COINS IN CHOICE GRADES (DATES OF OUR CHOICE) 1/2¢ DRAPED (1800-08) 1/2¢ CLASSIC (1809-36) 1/2¢ BRAID (1849-57) 1¢ CLASSIC (1808-14) 1¢ CORONET (1816-39) 1¢ BRAIDED (1839-57) 1¢ FLYING EAGLE 1¢ 1859 INDIAN 1¢ IND. C.N. (1860-64) 1¢ IND BR (1864-09) 2¢ PIECE (1864-73) 3¢ NICKEL (1865-81) 3¢ SILVER (1851-73) 1/2D BUST (1829-37) 1/2D STD STRS (1838-60) 1/2D STD ARRS (1853-55) 1/2D STD LEG (1860-73) 5¢ SHIELD RAYS (1866-67) 5¢ SHIELD NR (1867-83) 5¢ LIBERTY NC (1883) 5¢ LIBERTY WC (1883-12) 5¢ BUFFALO (1913 T1) 10¢ SM SZ BUST (1829-37) 10¢ STD STARS (1838-60) 10¢ STD ARRS (1853-55) 10¢ STD LEG (1860-91) 10¢ BARBER (1892-1916) 20¢ PIECE (1875-78) 25¢ SM SZ BUST (1830-37) 25¢ STD N.M. (1838-66) 25¢ STD ARRS/RAYS (1853) 25¢ STD ARRS (1854-55) 25¢ STD W.M. (1867-91) 25¢ BARBER (1892-12) 25¢ S.L. T1 (1917) 25¢ S.L. T2 (1925-30) 50¢ CAP BUST (1807-36) 50¢ BUST R.E. (1836-39) 50¢ STD N.M. (1839-66) 50¢ STD A/R (1853) 50¢ STD ARRS (1854-55) 50¢ STD W.M. (1866-91) 50¢ BARBER (1892-1915) $1 STD N.M. (1840-66) $1 STD W.M. (1867-73) $1 TRADE (1873-85)

CH VF 190.00 85.00 85.00 895.00 63.00 35.00 45.00 42.00 25.00 4.50 25.00 22.00 59.00 99.00 27.00 27.00 28.00 85.00 36.00 10.00 12.00 19.00 79.00 25.00 32.00 22.00 8.00 175.00 149.00 40.00 42.00 42.00 38.00 27.00 79.00 14.00 89.00 120.00 79.00 95.00 80.00 80.00 119.00 400.00 410.00 175.00

CH XF 390.00 99.00 99.00 $125.00 50.00 125.00 95.00 45.00 9.00 40.00 35.00 65.00 150.00 57.00 57.00 44.00 139.00 59.00 12.00 29.00 21.00 249.00 47.00 49.00 30.00 24.00 219.00 370.00 69.00 159.00 75.00 65.00 55.00 115.00 30.00 149.00 190.00 119.00 249.00 135.00 110.00 185.00 520.00 500+987 260.00

mOrGaN & PEaCE DOllarS Date 1879-CC 1883-S 1884-S 1885-S 1886-S 1888-S 1890-CC 1891-CC 1891-O 1892 1892-CC 1892-O 1892-S 1893 1893-CC 1893-O 1894-O 1894-S 1895-O 1895-S 1896-O 1896-S 1897-O 1901 1903-S 1904-S 1921 Peace 1928 1934-S

VF 295.00 35.00 45.00 49.00 85.00 140.00 105.00 105.00 30.00 42.00 230.00 35.00 120.00 290.00 625.00 349.00 50.00 109.00 275.00 595.00 40.00 49.00 40.00 55.00 180.00 59.00 99.00 239.00 75.00

XF AU 719.00 $ — 49.00 109.00 75.00 199.00 60.00 119.00 115.00 149.00 160.00 190.00 139.00 219.00 139.00 209.00 36.00 45.00 52.00 82.00 419.00 619.00 49.00 65.00 310.00 1,500.00 270.00 390.00 1,495.00 — 525.00 800.00 95.00 269.00 189.00 479.00 450.00 950.00 — 49.00 149.00 220.00 795.00 49.00 95.00 99.00 290.00 340.00 1,525.00 190.00 525.00 119.00 149.00 269.00 299.00 139.00 319.00

mORGAN DOllAR Choice Brilliant Uncirculated

Starter Groups

5 Diff Pre 1900 Ch BU* $ “P” Mints $229.00 5 Diff. Pre 21 Ch BU* $ “O” Mints $229 .00 5 Diff. Pre 21 Ch BU*

COmmEmOraTIvE Half DOllarS

$ “S” Mints $249.00 3 Diff. “CC” Ch BU*

Choice B.U.

$ Dollars $599.00 20 Diff. Dates Ch BU* $ Pre 21 $895.00 / Roll

Albany ...................................................215.00 Arkansas..................................................95.00 Boone....................................................139.00 Bay Bridge .............................................149.00 Calif. Jubilee ..........................................189.00 Columbian Expo (1893) ...........................29.00 Connecticut ............................................219.00 Delaware ...............................................229.00 Grant .....................................................119.00 Huegenot ...............................................139.00 Lexington .................................................95.00 Maine ....................................................135.00 Oregon Type ...........................................149.00 Pilgrim Type (1920) .................................95.00 Rhode Island ............................................95.00 San Diego Type (1935-S) .........................99.00 Sesquicentennial .....................................115.00 Stone Mountain ........................................59.00 Texas Type .............................................145.00 York ......................................................165.00

*Dates of Our Choice

S TRY U ! TODAY

fraNKlIN HalvES* CH CH/Brilliant AU Uncirculated 1948............................ 15.00 .............. 23.00 1948-D ........................ 17.00 .............. 25.00 1949............................ 17.00 .............. 32.00 1949-D ........................ 35.00 .............. 69.00 1949-S......................... 39.00 .............. 89.00 1950............................ 17.00 .............. 32.00 1950-D ........................ 19.00 .............. 29.00 1951............................ 17.00 .............. 19.00 1951-D ........................ 22.00 .............. 45.00 1951-S.............................. — .............. 29.00 1952............................ 17.00 .............. 19.00 1952-D ........................ 17.00 .............. 19.00 1952-S.............................. — .............. 85.00 1953............................ 19.00 .............. 25.00 1953-D ........................ 17.00 .............. 19.00 1953-S.............................. — .............. 39.00 1954............................ 19.00 .............. 19.00 1954-D ........................ 19.00 .............. 19.00 1954-S......................... 22.00 .............. 28.00 1955............................ 18.00 .............. 24.00 1956............................ 17.00 .............. 21.00 1957............................ 17.00 .............. 21.00 1957-D ........................ 17.00 .............. 22.00 1958............................ 15.00 .............. 19.00 1958-D ........................ 15.00 .............. 19.00 1959............................ 15.00 .............. 19.00 1959-D ........................ 15.00 .............. 19.00 1960............................ 15.00 .............. 19.00 1960-D ........................ 15.00 .............. 19.00 1961............................ 15.00 .............. 18.00 1961-D ........................ 14.00 .............. 18.00 1962............................ 14.00 .............. 18.00 1962-D ........................ 14.00 .............. 18.00 1963............................ 13.00 .............. 15.00 1963-D ........................ 13.00 .............. 15.00

*Group of 6 Different

WalKING lIBErTY*

r erio Sup ty! li Qua

CH CH/Brilliant AU Uncirculated 1941............................ 21.00 ................ 30.00 1941-D ........................ 21.00 ................ 35.00 1941-S......................... 29.00 ................ 79.00 1942............................ 19.00 ................ 28.00 1942-D ........................ 23.00 ................ 42.00 1942-S......................... 23.00 ................ 45.00 1943............................ 19.00 ................ 28.00 1943-D ........................ 25.00 ................ 49.00 1943-S......................... 24.00 ................ 49.00 1944............................ 19.00 ................ 37.00 1944-D ........................ 24.00 ................ 49.00 1944-S......................... 35.00 ................ 49.00 1945............................ 21.00 ................ 30.00 1945-D ........................ 24.00 ................ 35.00 1945-S......................... 35.00 ................ 49.00 1946............................ 24.00 ................ 34.00 1946-D ........................ 42.00 ................ 55.00 1946-S......................... 42.00 ................ 55.00 1947............................ 24.00 ................ 49.00 1947-D ........................ 32.00 ................ 59.00

1921 PDS (all 3)

Silver Kennedy Halves mOrGaN CH Brilliant DOllarS Uncirculated 65, 66, 67, 68-D, 69-D and the key date 70-D

$39.00 Per Group GEORGE WASHINGTON SIlVER COmmEm HAlF DOllARS 1982-S Mint Seated Proof . . . . 9 .95 1982-D Mint Seated BU . . . . . . 9 .95

Group of 4 Different

Ch BU

$129.00 Per Group

STATuE OF lIbERTy COmmEmS pROOFS

Original Boxes 1986-S Proof 50¢ . . . . . . . . . . . . 4 .50 1986-S 2 pc . Proof Set . . . . . . 26 .00

Roll of 20 Mixed Date

buST HAlVES

PEaCE DOllarS

$319.00

$795.00

Fine and Better Dates of our choice

Very Sel. BU Roll

NORWOOD COIN 501 COLUMBIA TNPK • RENSSELAER, NY 12144

Phone 518-477-2193

Please add $7.50 for postage and insurance per order.

Fax 518-477-2194

Coins must be shipped to credit card holders billing address. ■ Personal Checks & M.O. Gladly Accepted.■ Add $7.50 Postage & Insurance on total order. ■ VISA, MC, Discover and AmEx accepted.■ Full 10-day return privilege. P & H not refundable. ■ NY residents Add 8% Sales Tax. ■ Coins subject to prior sale. ■ Coins removed from original holder are considered sold. ■ All coins guaranteed genuine.

*Prices subject to change due to market conditions.

MON.-FRI. 10am to 5:30pm est SAT. 10am to 3pm est

continued from page 15

Under S.759, a bill introduced in the United States Senate in March 2017, the federal government would be required to stop printing $1 bills and stop minting one-cent coins—reducing the total face value of circulating U.S. currency and coin denominations by $1.01. The bill would also mandate revision of the nickel’s composition. The legislation, sponsored by Senators John McCain of Arizona and Mike Enzi of Wyoming, is a multi-pronged effort to save billions of dollars by replacing dollar bills with dollar coins and eliminate multimillion-dollar losses on cent production. The government reaps millions of dollars in profits each year by issuing dollar bills. That profit comes from seigniorage—the amount by which the bills’ face value exceeds the combined costs of printing and distributing them. But the Treasury and the Mint have claimed for 40 years that replacing dollar bills with small $1 coins would save substantially more. That’s because the coins—though somewhat more costly to produce—would last far longer in circulation. On average, a dollar bill’s lifespan is roughly 22 months, while experts say dollar coins could circulate for up to 30 years. Discontinuing dollar bills and cents is hardly a new idea. The Treasury has been pushing to substitute “mini-dollar” coins for $1 bills since the late 1970s. And over the years, Congress has authorized three such coins for use in circulation. All three have been introduced amid great fanfare—the Susan B. Anthony dollar in 1979, the Sacagawea dollar in 2000, and the Presidential $1 Coin in 2007. In all three cases, though, Congress has timidly failed to require withdrawal of $1 bills—correctly anticipating that this would cause a furor among the American public. In each case, our lawmakers’ inaction triggered a built-in self-destruct mechanism. The public treated all three coins with disdain and all were quickly yanked from the regular coinage lineup. The new legislation pointedly calls for an end to paper dollars. What’s in it for the government? Billions of dollars, according to estimates cited by the Treasury and other supporters of the change. They calculate that Uncle Sam would save $4.4 billion over 30 years by replacing dollar bills with dollar coins. The new legislation—Senate Bill 759—also bucks public opinion in calling for retirement of the cent. Surveys have shown that most Americans favor retention of the cent, a denomination that dates back to 1793. But this sentimental attachment flies in the face of a brutal financial fact: For the last 11 years, each cent issued by the Mint has cost the government more than a cent—so the term “red cents” now refers not only to their copper color, but also to the ink on their balance sheet. The cause of the problem: increases in the cost of zinc and copper, the cent’s component metals. According to The Wall Street Journal, each newly minted 2016 cent cost the government 1.5 cents—up from 1.43 cents the previous year. Multiply that by the billions of cents produced by the Mint last year and pretty soon—in the words of the late Sen. Everett Dirksen—you’re talking about real money. Millions of Americans—myself included—would miss the Lincoln cent if it disappeared from pocket change. Try as they might, however, federal officials have been unable to come up with a suitable new composition, rejecting such potential alternatives as steel and aluminum. The nickel, too, has been a losing proposition in recent years. Despite a downward trend, it still cost the Mint 6.32 cents to make and distrib18

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ute each 2016 Jefferson nickel, down from 7.44 cents in 2015. The new legislation would direct the Mint to change the coin’s composition initially from 75 percent copper, 25 percent nickel to 80 percent copper, 20 percent nickel. It also would allow the Mint director to submit plans for further increasing the percentage of copper, the cheaper metal, and reducing the percentage of nickel. Big change could be in store for Americans’ small change and for their low-face folding money. Will it come to pass? We’ll have to see if Congress stays the course. First published June 2017

A TARNISHED OUTCOME

The long-running legal battle over 10 ultra-rare $20 gold pieces has ended with a whimper, not a bang. The U.S. Supreme Court delivered the coup de grâce on April 17, when it declined to hear the Langbord family’s case for recovery of the 10 Saint-Gaudens double eagles seized from it over a decade ago by the federal government. The Langbords’ fight dates back to 2004, when they submitted the “Saints” to the United States Mint for authentication. The Mint soon informed them that the coins were indeed genuine—but that it was confiscating them on grounds that their removal from the Philadelphia Mint back in the 1930s was illegal. Joan Langbord, matriarch of the family, is the daughter of the late Israel Switt, a Philadelphia jeweler whose inventory included coins, some of which he acquired directly from the Philadelphia Mint. Switt obtained newly minted coins by purchase or exchange from the mint’s cashier, and is known to have sold a small number of 1933 Saints to collectors. The Langbords found 10 of the coins among Switt’s effects in 2003, 13 years after his death, and sent them to the Mint on the advice of their lawyer. The Mint has long maintained that the entire mintage of 1933 double eagles—445,000, in all—ended up being melted because they were never released prior to President Franklin D. Roosevelt’s Gold Surrender Order of April 1933, which took the nation off the gold standard. COINage

But Mint records show that double eagles were minted in March 1933, a month before FDR’s proclamation—and this, in turn, suggests that the coins could have left the mint legally through transactions at the cashier’s window in which they were exchanged for earlier gold coins of equal face value. Examples of the ’33 Saint were bought and sold openly for a decade, with little or no apparent concern by Mint officials. That changed, however, in 1944, when the Mint’s deputy director, Dr. Leland Howard, learned that one of the coins was coming up for sale in a New York City auction. Howard, a career bureaucrat and lifelong curmudgeon, directed the Secret Service to confiscate the coin and doggedly hunted down all other examples in private hands. His fixation evolved into a virtual vendetta and the Mint—which previously had treated the 1933 Saints with benign neglect—came to regard them collectively as Public Enemy No. 1, largely because of Howard’s relentless crusade. The dour-faced Howard remained with the U.S. Treasury until 1968, when he finally retired. In later years, he headed the federal Office of Domestic Gold and Silver Operations, where he found new ways to torment dealers and collectors who dared to show interest in foreign gold coins—even those whose possession in this country was legal. Attorney Barry Berke was hired by the Langbords after he successfully resolved a dispute involving a 1933 Saint once owned by Egypt’s King Farouk. He produced evidence that the U.S. Department of State had granted an export license permitting the coin’s sale to Farouk during World War II. The Treasury then sanctioned the coin’s sale at a 2002 New York auction, where it brought a then-record $7.95 million—half of which went to Uncle Sam. The Langbords filed suit in 2006, demanding that the government either return the coins or initiate forfeiture proceedings. The case finally went to trial in U.S. District Court in 2011, and a federal jury upheld the coins’ seizure. Subsequently, though, the Langbords claimed that the government had missed a 90-day deadline for initiating forfeiture—and in 2015, a three-judge Circuit Court panel agreed and ordered the coins’ return. But victory, while sweet, was short. The Treasury was granted a hearing before the entire Third Circuit Court—and last summer, the full court voted 9-to-3 that the government “had merely repossessed its own property” and “asserted its ownership rights to the coins”. The Supreme Court was the Langbords’ last recourse—but now, that door has been slammed shut. The verdict by the full Circuit Court is the final word. Leland Howard is cackling in his grave.

SOTHEBYS

First published: July 2017

TAKE ME TO NEW LEADERS

The United States Mint recently hosted 50-plus hobby leaders and other interested parties at a Numismatic Forum held “to explore ways to stimulate and revitalize the hobby”. I did not attend. A personal conflict prevented me from going to the forum, which took place at the Federal Reserve Bank in Philadelphia. If I had been there, I would have turned the tables and posed a different question: What can be done to restore the stability and continuity the Mint has enjoyed throughout most of its existence by filling two key posts that have both been vacant for far too long? In the traditional sense, the Mint hasn’t had a director for five full years and hasn’t had a chief sculptor-engraver for a quarter-century. People have carried out the essential duties of both offices on an interim or acting basis—but without the prestige and security of presidential appointments and Senate confirmation, they have lacked the authority and the political capital historically inherent in these positions. The vacancies are particularly troubling in view of the geometric expansion of the Mint’s premium products in recent years. And filling them now would be especially appropriate, for 2017 marks the Mint’s 225th anniversary Two years ago, COINage Contributing Editor Tom DeLorey calculated that the cost of buying “one of everything with a coin in it” offered by the Mint in 2014 would have been slightly more than $25,000. That’s obscene! The gold, silver and platinum in many U.S. coins, both numismatic and bullion, account for the lion’s share of the huge increase. Congress has exacerbated the problem by authorizing dozens of new commemorative coins—most made of gold or silver and all bearing healthy surcharges to benefit various Congress members’ favorite “worthy causes”. Hardly anyone, of course, buys “one of everything with a coin in it” offered by the Mint. But most collectors purchase at least some coins each year from the Mint’s website. Some spend thousands of dollars. In many cases, that’s money that isn’t spent at local coin shops or at local, regional and national coin shows. How, exactly, does that “stimulate and revitalize the hobby”? But I digress. My main concern this month is the future of the Mint— for that, in turn, could benefit the hobby. The Mint hasn’t had a true “captain” since Edmund C. Moy, an appointee of President George W. Bush, resigned in January 2011. Moy stubbornly stayed on the job halfway through the first term of President Barack Obama, claiming he was entitled to serve his full five-year term. For whatever reason, Obama never fought seriously to fill the post with someone of his own choosing—even after Moy’s departure. There’s reason to believe the new president, Donald Trump, will appoint a new director and that Congress—which stonewalled many Obama appointments—will confirm that person, now that there will be a kindred spirit in the White House. Rhett Jeppson, who currently holds the unwieldy title of principal assistant director, appears to be a logical choice. The last chief sculptor-engraver, Elizabeth Jones, resigned in 1991 after years of frosty relations with Mint Director Donna Pope. Pope then pushed Assistant Engraver John Mercanti for the job, and President George H.W. Bush appointed him. But the Senate refused to confirm him after finding discrepancies in his application. Mercanti remained at the Mint for 20 more years and in 2009, by dint of his seniority and experience, he was given the title continued on page 61

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COINage

KATHY’S SPECIAL SELECTIONS UNCIRCULATED SILVER DOLLAR BONANZA

Hand-picked for you based on luster, strike and surface qualities. All coins are brilliant (BUT if you like some original toning - let us know and we will see if we can help). Not every date and mintmark look alike in grade. Some dates are typically softly struck; some exhibit blazing luster, some creamy surfaces. If you do not know the characteristics of each date & mintmark - just ask! Have fun! SPECIAL! Purchase $300.00 or more from this listing and deduct 5% off prices listed below SPECIAL! Purchase $1,000.00 or more from this listing and deduct 10% off prices listed below MORGAN SELECT BU DATE MS-60 1878-P 8TF $185.00 1878-P 7/8TF $185.00 1878-P 7TF $80.00 1878-S $57.50 1879-P $55.00 1879-O $90.00 1879-S $50.00 1880-P $45.00 1880-O $90.00 1880-S $46.00 1881-P $46.00 1881-O $45.00 1881-S $46.00 1882-P $44.00 1882-O $46.00 1882-S $48.00 1883-P $46.00 1883-O $43.00 1884-P $45.00 1884-O $42.00 1885-P $42.00 1885-O $42.00 1885-S $255.00 1886-P $42.00 1886-S $360.00 1887-P $42.00 1887-O $75.00 1887-S $121.00 1888-P $48.00 1888-O $60.00 1888-S $340.00 1889-P $40.00 1889-O $200.00 1889-S $246.00 1890-P $42.00 1890-O $70.00 1890-S $66.00 1891-P $60.00 1891-O $186.00 1891-S $85.00 1892-P $305.00 1892-O $285.00 1896-P $42.00 1897-P $42.00 1897-S $82.00 1898-P $42.00

CHOICE BU MS-63 $210.00 $210.00 $90.00 $60.00 $60.00 $180.00 $52.00 $56.00 $255.00 $48.00 $58.00 $54.00 $48.00 $51.00 $56.00 $50.00 $50.00 $47.00 $50.00 $47.00 $47.00 $47.00 $286.00 $47.00 $395.00 $47.00 $90.00 $190.00 $50.00 $65.00 $380.00 $44.00 $265.00 $285.00 $48.00 $90.00 $76.00 $126.00 $300.00 $115.00 $345.00 $345.00 $47.00 $47.00 $99.00 $47.00

CHOICE BU+ MS-64 $305.00 $305.00 $144.00 $74.00 $95.00 $375.00 $56.00 $90.00 $905.00 $56.00 $100.00 $108.00 $56.00 $74.00 $80.00 $56.00 $60.00 $56.00 $63.00 $56.00 $56.00 $56.00 $435.00 $56.00 $505.00 $56.00 $243.00 $380.00 $59.00 $76.00 $568.00 $53.00 $505.00 $396.00 $72.00 $190.00 $198.00 $375.00 $445.00 $238.00 $655.00 $525.00 $56.00 $56.00 $135.00 $56.00

MORGAN DATE 1898-O 1898-S 1899-P 1899-O 1899-S 1900-P 1900-O 1900-S 1901-O 1901-S 1902-P 1902-O 1902-S 1903-P 1903-O 1904-P 1904-O 1921-P 1921-D 1921-S PEACE DATE 1921 1922-P 1922-D 1922-S 1923-P 1923-D 1923-S 1924-P 1924-S 1925-P 1925-S 1926-P 1926-D 1926-S 1927-P 1927-D 1927-S 1927-S 1928-P 1928-S 1934-P 1934-D 1935-P 1935-S

SELECT BU MS-60 $47.00 $260.00 $250.00 $44.00 $400.00 $43.00 $46.00 $260.00 $46.00 $510.00 $83.00 $44.00 $395.00 $62.00 $440.00 $120.00 $49.00 $30.00 $39.00 $39.00 SELECT BU MS-60 $275.00 $26.00 $44.00 $44.00 $26.00 $63.00 $42.00 $28.50 $230.00 $28.50 $85.00 $45.00 $85.00 $54.00 $79.00 $170.00 $210.00 $210.00 $415.00 $230.00 $105.00 $130.00 $70.00 $270.00

KATHY BUCKS

Mention CA KB1217 and take $10 off your purchase of $100 or more from this page only! Good through 12/31/17 See us at the upcoming C.A.M.P. COIN SHOW March 23, 24, 25 2018 – Monroeville, PA TERMS OF SALE: 1) Payment terms: U.S. Post Office and American Express money orders shipped quickest. ALL OTHER CHECKS MUST CLEAR THREE WEEKS. 2) We accept MasterCard, VISA and Discover. We need the issuing bank, bank’s city and state, card number, expiration date. No credit cards on $20 gold pcs. 3) No PA sales tax on coins & bullion. 4) Postage and Handling Fees: $5.00 on orders less than $500.00; orders over $500 shipped Postage Paid. Bullion items are/or boxed items may be charged an additional fee. Actual postage fees non-refundable. 5) Guarantee: All items guaranteed genuine. All returns must be by mail. All returns must be postmarked within fifteen (15) days of receipt. Any attempted alterations or exemptions of above policy are null and void. Most items can be returned for any reason including grading. No return on bullion-related items. Grading 43 years experience. No warranty expressed or implied is made with respect to descriptions which can and do vary among grading experts. Please do compare our quality with coins you purchase elsewhere. Let us know if you can find comparable quality for less. 6) All returns must be in original holders, unopened and undamaged. All exchanges or returns are processed within 15 days. Coins removed from original holder, by you or another party, are not returnable for any reason. 7) Complete terms of sale upon written request.

CHOICE BU MS-63 $50.00 $330.00 $275.00 $47.00 $470.00 $47.00 $48.00 $300.00 $48.00 $615.00 $95.00 $47.00 $440.00 $66.00 $475.00 $170.00 $52.00 $32.00 $49.00 $50.00 CHOICE BU MS-63 $320.00 $30.00 $50.00 $55.00 $30.00 $106.00 $51.00 $32.50 $300.00 $33.00 $155.00 $62.00 $145.00 $60.00 $108.00 $280.00 $360.00 $360.00 $525.00 $305.00 $120.00 $216.00 $85.00 $315.00

CHOICE BU+ MS-64 $56.00 $468.00 $310.00 $56.00 $540.00 $56.00 $56.00 $435.00 $56.00 $885.00 $139.00 $56.00 $550.00 $83.00 $520.00 $365.00 $56.00 $36.00 $72.00 $89.00 CHOICE BU+ MS-64 $495.00 $34.00 $74.00 $126.00 $34.00 $235.00 $200.00 $35.00 $630.00 $38.00 $415.00 $80.00 $239.00 $165.00 $325.00 $685.00 $665.00 $665.00 $625.00 $585.00 $210.00 $315.00 $170.00 $420.00

HERDS and HERDS of BUFFALO 40-coin rolls of mixed dates and mintmarks grading GOOD & better with good dates. SUPER DEAL! 5 rolls for $95.05

1894-O DOLLAR BLOWOUT

PRESTIGE PROOF SET BLOWOUT All in original case of issue with box. Includes the silver commemorative dollar fpr that year.

Semi-key date - all original with no problems. While they last!

VG $26.94 VF $32.94 FINE $28.94 EF $58.94

SIX-PACK OF VG BARBER HALVES

WOW! GREAT value on this most collectable series. The time is perfect to start a new set at this special price. Choice original with no problems.

6 different VG Barber Halves for

1986 $26.00 1987 $24.00 1988 $28.00 1993 $33.00 1995 $74.00

ADD A GEM

Add a GEM BU MS-65 LIBERTY NICKEL, our choice of date, to your collection. Nicely struck with nice luster and great eye-appeal. No annoying toning, streaking or spotting. NICE!

$220.00

LIMIT 1 coin per customer

$85.00

LOVE TONING?

I will put together a light rainbow 100-year old dollar set for you. Receive one each American Silver Eagle and a CHOICE BU+ pre’21 Morgan silver dollar exactly 100 years old. In a custom frame. Both coins with light rainbow colors. Cool! My choice of dates.

$119.00

CAPTURE A BALD EAGLE Nice Uncirculated Flying Eagle cent special. My choice of date: 1857 or 1858 Nice eye-appeal with no spotting or streaking.

Select BU MS-60 Choice BU MS-63

$349.00 $529.00

Great for your type set or date set!

CHOICE EF & AU WALKING LIBERTY HALVES

Upgrade your set NOW at these special prices. All coins are problem-free with nice strikes and surfaces. Take 5% off $100.00 or more purchase from this special only. DATE 1934-P 1934-D 1934-S 1935-P 1935-D 1935-S 1936-P 1936-D 1936-S 1937-P 1937-D 1937-S 1938-P

EF $17.80 $42.05 $46.40 $15.80 $41.55 $42.85 $15.55 $23.85 $33.45 $15.55 $41.05 $26.45 $16.05

THREE LITTLE INDIANS

All coins lustrous full red with no spotting. Super attractive with great surfaces and great strikes. Our choice of dates, please. Receive 3 different dates - you pick the grade!

Choice BU+ MS-64RED $235.00 Gem BU MS-65RED $615.00

AU $27.55 $89.05 $82.50 $20.05 $68.75 $82.55 $19.05 $45.05 $68.75 $19.55 $88.05 $55.25 $30.05

DATE EF 1938-D $178.05 1939-P $15.05 1939-D $21.25 1939-S $26.45 1940-P $12.75 1940-S $24.05 1940-P $12.75 1941-D $14.55 1941-S $15.55 1942-P $12.75 1942-D $14.55 1942-S $14.55 1943-P $12.75

AU $219.05 $25.05 $23.15 $82.55 $20.05 $41.35 $15.55 $16.05 $25.55 $15.55 $18.75 $19.85 $15.55

DATE 1943-D 1943-S 1944-P 1944-D 1944-S 1945-P 1945-D 1945-S 1946-P 1946-D 1946-S 1947-P 1947-D

EF $14.55 $14.55 $12.75 $14.55 $14.55 $12.75 $14.55 $14.55 $12.75 $30.05 $16.55 $15.05 $19.05

BRIGHTEN UP YOUR TV SET! Receive a Choice BU+ MS-64RED TwoCent coin. Nicely struck with no spots and choice eye-appeal. Our Choice of date.

SPECIALLY PRICED $329.00

John Paul Sarosi, Inc.

106 MARKET STREET

AU $19.85 $23.45 $15.55 $19.85 $28.75 $15.55 $18.75 $23.75 $15.55 $47.55 $34.05 $19.05 $26.45

JOHNSTOWN PA 15901

KATHY SAROSI • JOHN PAUL SAROSI

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A Penniless Nation

The last Canadian penny rolled oﬀ the presses at the Winnipeg, Manitoba, branch of the Royal Canadian Mint on May 4, 2012.

Canada Hasn’t Made a Cent in Five Years

he moment came with barely the whisper of a maple leaf, but Canada is already marking five years since the issuance of its last circulating one-cent coins. The last penny— a coin that was once a staple in Canada’s commerce—rolled off the presses at the Winnipeg, Manitoba, branch of the Royal Canadian Mint (RCM) on May 4, 2012. Nine months later, on Feb. 4, 2013, the Mint stopped distributing one-cent coins to financial institutions. Canada’s one-cent coins have roots going back to 1858, when the then-United Province of Canada was still a British colony. They were struck by the Royal Mint in Great Britain until 1908, when production of Canada’s coinage was moved to Ottawa, Ontario. The penny was originally issued as a “large” cent measuring 25.4 millimeters in diameter, but it was reduced to 19.05 millimeters in 1920, and it remained that size until its final days. Canadian cents were made almost entirely from copper, as much as 98 percent, until 1996. Following a three-year period (1997-99) during which the cent was 98.4 22

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percent zinc with copper plating, it finished with 94 percent steel and 1.5 percent nickel with copper plating. While politicians and hobbyists continue debating the fate of the one-cent coin in the United States, Canada has not struck one in the past five years, and has hummed along economically, socially and numismatically. Never mind that Canada had already replaced its dollar bill in 1987 with the costcutting “Loonie” gold-colored one-dollar coins, bearing its iconic eponymous reverse design of a common loon. It’s a feat the U.S. government has attempted multiple times since 1979 with the release of various small-size dollar coins. Each dollar coin campaign has so far failed, due mainly to public rejection of dollar coins and a general reluctance to forego dollar bills. Could the United States also issue a circulating two-dollar coin, as the Canadians have done since 1996 with its “Toonie”? Given the average American’s resistance to changing our change, that’s probably little more than a pipe dream now. How does Canada do it? In 2017, five years since the last circulating Canadian one-cent coins were made, hobbyists have the oppor-

tunity to gain perspective on what the abolishment of the penny means for Canada, the effects its demise has had on the coincollecting hobby, and what would happen if the U.S. one-cent coin met a similar fate.

Canadian Broadcasting Corp. (CBC) News ran an “obituary” on Feb. 1, 2013 headlined “Canadian Penny, 1858-2013”. The satirical eulogy even references a cause of death: “The penny’s demise had been anticipated since March 29, 2012, when Federal Finance Minister James Flaherty announced in the budget that his government had decided to phase out the smallest denomination of Canada’s currency.” Eliminating the penny was practical from a fiscal standpoint, as each one-cent coin cost 1.6 cents to produce and distribute. The obituary, wittily declaring the Canadian penny was “predeceased by the Australian (1911-1964), New Zealand (1940-1989), and Irish (1928-2000) pennies”, added, “the penny will retain its value indefinitely”. Indeed, the Canadian cent retains its legal tender status, as do all of Canada’s discontinued coins. Yet, the one-cent coin’s presence in circulaCOINage

COINSANDCANADA.COM

by Joshua McMorrow-Hernandez

The ﬁrst Canadian cents, struck in 1858, bore a portrait of Queen Victoria. They measured 25.4 millimeters in diameter and are generally referred to as “large cents”.

Canada replaced its dollar bill in 1987 with the cost-cutting “Loonie”, a gold-colored onedollar coin.

A circulating two-dollar coin, the “Toonie”, was introduced in Canada in 1996.

tion is not nearly what it was just a few short years ago. “I haven’t seen any one-cent coins in circulation in years,” remarked New Brunswick, Canada, collector Kevin Day-Thorburn. “Although I’ve found a couple on the ground.”

is supposed to happen.” Indeed, the Royal Canadian Mint’s policy on the one-cent coin has been to recycle them as they march in by the armored truckload. Of an estimated 30-plus billion one-cent coins in circulation just after the penny was abolished, 4 billion had already been redeemed by the Mint for recycling less than two years after the last rolled off the presses in Winnipeg. “The general public seemed very accepting of the elimination of the one-cent coin,” said Day-Thorburn. “Retail shops were made aware that they no longer had to accept the coin from customers if they didn’t want to, but some (very few) stores continued to do so. At the time of the changeover we had our own shop and continued to accept them, but very few people cared about using them. Most of the public just stopped using them cold turkey, so to speak.” These days, it’s become common practice for merchants to round up or down to the nearest nickel, after tax is added. “I have

Day-Thorburn, an executive member of the Royal Canadian Numismatic Association and editor of its electronic publication, NumisNotes, said, “lots of people are definitely hoarding the coins”. Yet, for the pennies remaining in circulation, he has noticed an uneven pattern of redistribution by banks: “I have seen rolls of cents being turned in at the bank, where policy on the handling of these seems to be different from branch to branch.” Canada’s Currency Act permits individuals to spend up to 25 one-cent coins in any single transaction, with the option to roll up more and turn them in at a bank. “Some banks will give [pennies] back to collectors who ask for them, while others return them to be melted, which, I assume, is what November 2017

heard some stores that always round up, but I’ve not really noticed,” added Day-Thorburn. “It should also be noted, in my experience, most consumers are using electronic methods of payment now.” Perhaps that has something to do with merchants still charging to the exact cent on purchases involving credit and debit cards. “Canada has adjusted, economically and numismatically, easily to the elimination of the one-cent coin,” Day-Thorburn observed. “I know of no issues with it. I think there would have been more resistance had we been given a choice, but since it was just announced that the coin’s elimination was happening, it was accepted.” In September 2016, Day-Thorburn conducted a poll in NumisNotes to see how many readers missed the Canadian one-cent coin. “The results were nearly evenly split, with 52 percent replying ‘no’,” he said. “A couple comments I received were, ‘Let it go. Coins less than 25 cents [in denomination] have virtually no buying power now.’” Other comments, according to Day-Thorburn, include, “Do I miss the one-cent coin? As a collector, yes, as a consumer, no.” Day-Thorburn said, “I think, from what I’ve seen, there may be more collectors paying attention to the one-cent coin now, especially the small cent, but it’s not a huge difference.”

Jim McKenzie is a Canadian coin collector and a member of the Saskatoon Coin Club in Saskatchewan, Canada. His observations on Canada’s adaptation to a virtually penniless existence corroborates with Day-Thorburn’s perspective. “Every retail outlet I know of no longer gives out pennies in change, and any they get are sent straight to the bank, then off to the Mint to be melted down. By the middle of 2013, every retailer I know of had stopped spreading them into the public,” he said. “Economically, I don’t think [eliminating the penny] has had much of an impact,” McKenzie remarked. “For all electronic transactions we still calculate everything to the nearest cent. It’s only cash-in-hand transactions that have been affected. Personally, I don’t miss them in my pocket.” Yet, the hobbyist in him still misses the penny. “Numismatically, it’s a shame they are gone.” But he said there is at least one silver 23

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The U.S. one-cent coin has been produced for oﬃcial federal distribution since 1793. The Lincoln cent has been circulating since 1909.

In 1982, the U.S. government transitioned from 95 percent copper to copper-plated zinc one-cent coin planchets . The move temporarily lowered the expense of producing “pennies”.

uncirculated rolls for sure.” Patrons at Gatewest Coin Limited, an official distributor of Royal Canadian Mint coins and bullion products in Winnipeg, Manitoba, still enjoy buying Canadian cents. However, General Manager Jasmine Allen hasn’t noticed any significant increases in demand for pennies at her store. “I wouldn’t expect there to be a demand increase for a few decades, seeing as the collectors joining the market now are still very familiar with pennies, having handled them most of their lives,” she said. “Canadian cents are not yet a novelty item that you can teach your kids about and get any interest.” She remarked that prices on key and semi-key dates, such as the 1884 large cent and all small cents dated from 1922-27 inclusive, are similar to what they were a few years ago. “There is, however, at least some market for any pennies dated from the 1980s and earlier.”

Any discussion in American numismatic circles of Canada’s recent experience with

its one-cent coin naturally evolves into discourse on the situation involving the U.S. penny. Longtime Irvine, California, coin dealer Charmy Harker, who is widely known as “The Penny Lady”, said interest in collecting pennies would jump if the United States ever halted production of the one-cent coin. “If they decide to stop issuing the U.S. one-cent and people start turning in pennies to the banks, I believe we may see a boost in collector interest, both from existing penny collectors and those interested in starting a collection of pennies,” she remarked. “It’s possible the value of pre-1982 copper pennies would start to increase as more and more of them are removed from the market, both by turning them in to the banks or by collectors and hoarders.” Harker is unsure whether the federal ban currently in place against melting U.S. onecent coins would subsequently be lifted if production of the coin ceased. “At some point they will have to be melted. Whether or not the melting ban is lifted, I think people will COINage

HERITAGE AUCTIONS

lining. “Now, collectors who are obsessed with having one of everything have an absolutely defined list of Canadian one-cent coins. They can look at that subset of their collections and finally say, ‘There! Done!’” McKenzie said many of his fellow Canadian collectors still enjoy pennies. “When we have had them for sale at our club auctions, they’ve been a good seller. I would imagine coin club membership applications have risen a bit, and coin stores would see a slight increase in traffic because of people looking for them.” Meanwhile, countless pennies languish in coin jars across The Great White North. “Some cashed them in immediately because they were worried about the one-cent coin being demonetized, but after the word spread that they would always be legal tender, the smart ones have kept their jars intact, assuming their values would only increase from now on.” Those who search their penny jars today may become tomorrow’s collectors, just as thousands of other Canadian coin collectors gravitated toward the hobby after finding old, rare, or valuable pennies in pocket change. With the affordable penny now on the road to extinction as a circulating coin, McKenzie thinks the nickel (Canada’s lowest-denominated circulating coin) may become the next gateway coin for Canada’s next generation of collectors. “Now that I think about it, the five-cent coin today has about the same buying power as a one-cent coin did when I was a child back in the 1960s,” he said. “In the long run, I don’t think it has much of a detrimental impact on budget-conscious young collectors. I think it has actually added a level of excitement for new collectors, because when they do see [pennies] in a club meeting or coin store, they’re intrigued by them.” Canadian collector Gerald Sander said his nation’s transition away from using the cent has gone “very smoothly” and that the penny is “not missed”. He usually encounters pennies only in collections these days. “I think it will take a while for pennies to become hard to find. Look at how easy it is to get silver coins after all these years of melting them.” Single one-cent coins might not be popular according to Sander’s observations, but there is at least one area of penny collecting that he thinks is hot: “I think people are collecting

ZACK SPACE

hoard pre-1982 pennies more than ever.” Harker’s bigger concern isn’t whether or not the penny-melting ban would expire should production of the one-cent coin run its course. Rather, she is worried about what the loss of the coin might mean to numismatics. “The penny is the foundation to most young people getting into collecting coins, even to this day. If the penny is no longer minted, it’s very possible their value will increase, which will make it more expensive and thus more difficult for new young collectors to begin collecting.” The Penny Lady, a member of several leading coin organizations and president of Women in Numismatics, thinks a compromise could come in the form of striking one-cent coins from a cheaper metal. “I hope they find a new, more economical composition [for] the penny rather than end production altogether.”

According to a recent Wall Street Journal article, the cost of making a one-cent coin increased in 2016 to 1.5 cents, up from 1.43 cents in 2015, but down from 1.66 cents in 2014. While production costs for the onecent coin fluctuate from year to year, the denomination has become increasingly more expensive to produce since the 1970s, despite a major compositional makeover in 1982. When copper prices spiked in the early 1970s, United States Treasury officials experimented with making one-cent coins from cheaper materials, such as aluminum. By 1982, the Treasury finalized plans for a cost-saving copper-plated zinc composition, which is still used today for circulating Lincoln cents and most numismatic one-cent coins, though at an expense now exceeding the face value of each penny. Analysts say the Mint could save tens of millions of dollars each year if the penny was scrapped. Former U.S. representative Jim Kolbe, a Republican from Arizona, introduced legislation in 1990, 2001 and 2006 to eliminate the one-cent coin. In 2008, former U.S. representative Zach Space, a Democrat from Ohio, proposed replacing the compositions of both the one-cent and five-cent coin (the latter costing 6.32 cents each to produce in 2017) with cheaper metals, including steel. When interviewed for a February 2016 COINage article on the future of the one-cent November 2017

Former Ohio U.S. Rep. Zack Space sponsored a bill in 2008 to produce one-cent and ﬁvecent coins with less-expensive metals. The bill, which passed the House but failed in the Senate, received opposition from then-United States Mint Director Edmund Moy.

coin and nickel, Space said his 2008 bill, H.R.5512, faced numerous obstacles. “There were a number of competing interests. For example, manufacturing facilities that rely on the U.S. Mint business, such as those producing [plachets] for pennies and nickels, could be threatened by the legislation,” he said. “I received some pushback from numismatists who were concerned about the potential loss of rare pennies as part of the process.” Meanwhile, a slim majority of public still supports keeping the penny. A January 2014 YouGov/Huffington Post survey showed that 51 percent of Americans wish to keep the penny, while only 34 percent want to eliminate it. It doesn’t take a seasoned numismatist or government expert to realize the differences in experiences with this issue on either side of the United States-Canada border are like comparing night and day. Yet, Democratic Michigan state Sen. Steven Bieda, a longtime coin collector who has served in politics since 2003, is precisely the type of individual who can provide deeper insight into this complex narrative. “I suspect the difference in the population of the two countries, as well as the various groups lobbying for the retention of the United States one-cent coin has made the political climate more difficult for U.S. policymakers to act,” Bieda said. The senator,

who in 1992 provided the reverse design for the United States Olympic commemorative half dollar and serves as legal counsel for the Central States Numismatic Society, witnessed bureaucratic backlash against penny reforms in the past. In the early 1980s, the Copper & Brass Fabricators Council sued the Treasury when officials decided to eliminate most of the copper from the one-cent coin. These days, it’s zinc lobbyists who rally against bills axing the cent. According to Bieda, “In addition to the copper-zinc lobby, consumer groups, as well as those who lobby for the economically disadvantaged, have collectively argued against the elimination of the cent with concerns expressed about inflation.” He believes that eliminating the one-cent coin would give a negative economic impression. “For United States politicians, eliminating the one-cent coin carries with it an admission of the slipping strength and value of the U.S. dollar, something neither the Democrats nor the Republicans want to be saddled with,” Bieda acknowledged. “For a congressman running for reelection, having a commercial that alleged prices ‘got rounded up’ because he eliminated the one-cent coin is also likely a factor.” Bieda, a prolific numismatic journalist, wrote an article about the elimination of Canadian one-cent coins in the November 2012 issue of the American Numismatic Association’s monthly publication The Numismatist. “The decision to cease manufacture of Canada’s lowest denomination was not made overnight,” Bieda wrote. “On Dec. 14, 2010, Parliament’s standing Senate Committee on National Finance released a report calling for the Royal Canadian Mint to cease production of the one-cent coin and remove it from circulation.” On March 29, 2012, the federal government released a budget statement reporting the cost of producing each one-cent coin was 1.6 cents and subsequently announced the elimination of the penny. The last one-cent coin was made just a few weeks later and, just like that, the penny was done. “Canada provides a good model on how we can abolish the one-cent coin and not hurt consumers,” Bieda stated. “I love onecent coins, but economically it doesn’t make sense to make cents anymore.” 25

Numismatic Nostalgia Ray Levato is a retired television newscaster who started collecting Lincoln cents at age 7 in 1955. He has a lifelong fascination with the hobby’s rich history.

Unsaddling the “Horse Blanket”

The average wage for an unskilled laborer was about 10 cents per hour. A skilled craftsman could earn about twice that. Article 1, Section 8 of the U.S. Constitution vests in Congress the power “to coin money”. The Constitution also gave Congress the power “to provide for the Punishment of counterfeiting the Securities and current Coin of the United States”. With 1862 being a key year in the history of U.S. paper currency, let’s go back one year

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First $2 bill issued in 1862 as a Legal Tender Note.

Series 1886 $2 Silver Certiﬁcate

for some historical perspective. In 1861, Congress authorized the U.S. Treasury to issue non-interest-bearing Demand Notes to help finance the Civil War. The Bureau of Engraving and Printing says, “all U.S. currency issued since 1861 remains valid and redeemable at full face value”. By 1877, the BEP had begun printing all U.S. currency. The next year, 1878, the first

silver certificates were issued and backed by silver held by the U.S. Treasury. Fast forward to 1928 when a major change was made in the appearance of U.S. currency. In an effort to cut manufacturing costs, all Federal Reserve notes were made about 30 percent smaller to fit 12 notes onto a printing sheet instead of eight. The larger-size notes measured 7.375 inch-

COINage

PUBLIC DOMAIN

t was 155 years ago that the U.S. government officially issued its first paper money. Although the colonies issued paper notes—Massachusetts was first in 1690— and notes were later issued by banks, coins still ruled the day. Back then, you didn’t need to carry around a lot of money in your pocket. It cost two cents to mail a letter. Sugar was eight cents per pound.

es by 3.125 inches, versus the standard-size bills we carry around today, which are 6.14 inches by 2.61 inches. This brings up an opportunity to talk about “horse blankets”. I have a cousin, Ross, who collects them. He doesn’t have a saddle or cowboy boots, and doesn’t own a horse. But he collects these oversize notes, also known as “saddle blankets”. “I never knew about horse blankets until I saw them at a coin show,” says Ross. “They really piqued my interest. They are so big [the artists] could get really intricate artwork on the bill. I love the beauty and the history, and like coins, I wonder how many hands have they been through?” In his collection, Ross has a 1914 $5 bill with the portrait of Abraham Lincoln: “My favorite president,” he says. On his wish list is a large-size $2 bill from 1918 with an imposing picture of a World War I battleship on the reverse. It goes for about $600 in VF—$2,000 in Uncirculated condition. Ross states, “I like to buy horse blankets with good artwork and history.” These higher-grade “big money” bills can’t show any wear—no wrinkles or bent corners. Speaking of $2 bills, some people think they are as phony as the proverbial $3 bill. But even though you don’t normally see them in circulation, $2 bills are still legal tender. The $2 bill was a long-running series, but was discontinued in 1966. The iconic “two” was reintroduced as a Federal Reserve Note in the bicentennial year of 1976—also the 233rd anniversary of the birth of Thomas Jefferson, author of the Declaration of Independence and the third U.S. president. Jefferson’s portrait is on the front. The back features an engraving of John Trumbull’s famous painting of the signing of the Declaration of Independence. Previous issues featured Monticello, Jefferson’s Virginia home. One of my favorite aunts liked to send a bunch of brand-new $2 bills for kids’ birthdays. We joked that we almost had enough to paper our daughter’s room by the time she was a teenager. So if you want to send someone a really unusual gift, head down to your local bank and ask them for some $2 bills. And hopefully, you won’t get a quizzical look from the teller!

November 2017

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California Eagles

High Fliers from the Early San Francisco Mint

The 1854-S gold eagle has a relatively small premium, compared to most surrounding issues.

by R.W. Julian

HERITAGE AUCTIONS

or those who are interested in American history, the mere mention of the California Gold Rush brings forth a vision of high adventure and great wealth. Many historians date the true beginning of the American West, with its many traditions and legends, from this time. Little did James Marshall realize the great changes that would come in the United States and around the world from his discovery of gold on the American River in early 1848. When word reached the Atlantic Seaboard, it seemed as if the whole country decided to move to California at once. By late in the year, tens of thousands of men were on their way to El Dorado along the

overland route or by sea via Panama. (One unexpected byproduct of the Gold Rush was the minting of an enormous number of gold coins in the years after 1848. This outpouring of gold upset the delicate world economic balance, and silver became undervalued in relation to gold. Speculators bought up all the U.S. silver they could find and shipped it to Europe for melting.) With all of these newcomers arriving in California, there arose demands for a better life in the form of luxury goods. Wives and families had begun to arrive, and they certainly did not want to live in tumbledown shacks. All of this required money, because customs duties on goods arriving from abroad had to be paid for in gold coin; the government would not accept gold bul-

lion or dust for payment of anything. Settlers petitioned the military governor, Col. R.B. Mason, for the right to strike their own gold coins. Many of the miners were from the gold-producing areas of the South and were well aware of the private coinage executed by the Bechtlers in North Carolina and by Templeton Reid in Georgia. The arguments, however, were to no avail, and Mason denied their request in June 1848. Private firms, despite opposition from Mason, then stepped into the breach and began producing their own gold coins. Norris, Gregg & Norris broke the ice with a half eagle ($5 gold piece) at Benicia City, to be followed by many other enterprising companies. The private firms were, of course, motivated by profit, but their coinage did serve a

The 1854-S eagle is by far the best buy for a gold coin struck at San Francisco in 1854. 28

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COINage

1854 San Francisco double eagles are worth a considerable premium.

The 1854-S quarter eagle is one of the great rarities in the series of San Francisco gold coins.

STACK’S/BOWERS

1855-S quarter dollars, one of two coins with arrows at the date, bring good prices.

followed by many other enterprising companies. The private firms were, of course, motivated by profit, but their coinage did serve a distinct public need in the marketplace. In the fall of 1850, California achieved statehood. Col. John C. Fremont (well known to history as the “Pathfinder”) was elected a United States senator and left for November 2017

Washington soon afterward. He stopped off in Philadelphia to see the director of the mint, Dr. Robert M. Patterson, to find out the latter’s views about establishing a U.S. Branch Mint in California. The senator was not encouraged by Patterson, who felt that fewer mints were needed, not more. Although Congress was not sympathetic

toward a branch mint (perhaps due to Patterson’s influence), it did decree in early 1851 the creation of the United States Assay Office, which would have the power to issue ingots of gold. These ingots had legal tender and proved a real boon to California business interests. Many of the private coiners now went out of business. Despite the improved business climate created by the assay office, the spring of 1852 was to see serious business setbacks because there simply was not enough silver and minor coinage for the marketplace. There was none to ship from the East Coast because most of it had been sent to Europe and melted. Congress at last realized that half measures would no longer work and voted to establish a branch mint at San Francisco. Once this was done, however, everybody stopped worrying about the subject for some time and it was not until April 1853 that the Treasury even got around to awarding a contract to erect the Mint building. Most of the day-to-day decisions on the new California mint were made by the officers of the Philadelphia Mint—in particular, Director James Ross Snowden, who had bee in office only a short time when the responsibility was thrust upon him. He made the decision to draw the skilled workforce from Philadelphia Mint volunteers so that it would not be necessary to train California residents to fill key positions. Ordinary workmen would need to be recruited locally, of course. Several key officers, as well as the construction overseer, left Philadelphia for the West Coast, via the Isthmus of Panama, in November 1853. The one-month trip brought the new superintendent, Lewis A. Birdsall, melter and refiner John Hewston, and coiner John Eckfeldt to San Francisco. Mint Treasurer J.A. Snyder and the assayer, Col. Agoston Harazsthy, arrived shortly afterwards. (Eckfeldt was the grandson of Adam Eckfeldt, second Chief Coiner of the Philadelphia Mint, while Harazsthy was a political refugee from the Hungarian Revolution of 1848.) The site chosen for the new Mint was on the north side of Commercial Street, between Kearney and Montgomery. The location was much too small because the purchasing agent for the Treasury had the usual false economy in mind when purchasing the ground. The architect even included the typical Western false front at the top of the building to make 29

it look far more imposing. The inside of the building was as cramped as the space upon which it sat. The workers were constantly bumping into to one another—not the best of working conditions and an invitation to injuries. Most of the key workmen left for San Francisco in mid-December, but had to reimburse the government the fare of $280. When they arrived, it was discovered that the Treasurer had no funds with which to pay them, and credit was the order of the day until funds finally did arrive from Washington. (In early 1853, the shortage of silver had finally been solved with a new law lowering the weights of minor silver coins.) Preparations were well advanced when the necessary dies were received on March 16, 1854, having been forwarded along with some of the heavier machinery. All of this went around Cape Horn, at the extreme southern tip of South America, and took over three months to arrive. (The Panama shortcut could not be used because of the heavy crates.) The first shipment of dies was for gold coins only, as the Treasury felt that San

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Francisco should not coin silver until workmen were better acquainted with their jobs. In the meantime, silver coins were shipped from Philadelphia and New Orleans for use in California. By the middle of March 1854, the building was sufficiently advanced to bring in the machinery and office equipment. Toward the end of the month, the superintendent was able to announce, through the newspapers, that the Mint would open for business

HERITAGE AUCTIONS

The San Francisco Mint, as it appeared in 1855.

on Monday, April 3. There were nearly 70 officers and workmen on hand to serve the public. A number of women were hired as adjustors, filing down gold coin planchets by hand if overweight, since they did this job better than men. The first deposit of gold, worth $868, was brought in by Adams & Co. on the opening day. The second depositor was A.S. Wright, whose gold bullion was worth $17,656. Once the word of opening had filtered back to the outlying mining camps, deposits became heavy; on one day alone, May 3, over $200,000 worth of bullion was brought to the Mint. There was some difficulty at first in obtaining the proper acids to refine the bullion, but this problem was soon overcome and coinage commenced in mid-April. On April 19, the first delivery of coined gold at San Francisco was made, consisting of quarter eagles, half eagles, eagles, and double eagles. Dollars were coined later in that same month. There was little demand for denominations of under $10, and most of the coins struck in 1854 were eagles and double eagles. The 1854-S quarter and half eagles are great rarities and bring high prices whenever they’re offered for sale. The quarter eagle, with only 246 struck, is worth several hundred thousand dollars even in About Uncirculated condition, while the half eagle, with 268 minted, might well sell for far more than that, being a coin of extreme rarity. San Francisco double eagles of 1854— although a respectable number of 141,000 were struck—are worth a considerable premium in relation to other double eagles of the period. In EF-40, for example, the 1854 is worth about $12,000, well above most of the

With only 20,000 pieces struck, the 1864-S quarter dollar is a very scarce coin.

COINage

Norris, Gregg & Norris struck its own half eagle ($5 gold piece) at Benicia City.

STACK’S/BOWERS

other surrounding dates. The 1854-S eagle, on the other hand, has a relatively small premium compared to most surrounding issues. It is by far the best buy for a gold coin struck at San Francisco in 1854. Dies for silver coinage were forwarded for 1855, but only quarter dollars and half dollars were struck. Half dimes were not made until 1863, while dimes were coined in small numbers from 1856. Half dimes were so little thought of in some cases that well-to-do women actually used them as buttons on fine clothes. Though coined in respectable quantities, the quarter and half dollars of 1855 do bring good prices because they are the only San Francisco issues with arrows at the date. Type collectors need these pieces, which drives up the price. Later years bring nominal prices, in line with Philadelphia issues of the same period. The low silver coinages of the period were due to two factors. First, quite a bit of silver coin had been shipped from the East coast after 1853 to alleviate the coin shortage. However, the most important feature of

California life was the high prices endemic to the region. (Alaskan prices and wages today are very similar to the situation in California in the 1850s and ’60s.) Because of the high prices, there was little need for coins of under 25 cents in value, although minor Mexican coins were used part of the time. The relatively high coinage of eagles at San Francisco in 1854 (123,826) was the greatest such coinage until the late 1870s. There was little demand for gold coins except for the double eagle, which was almost always struck in large quantities. In fact, throughout the 1860s and ’70s, the California mint is usually found to have the highest mintage totals for this denomination. As a result of this activity, the collector wishing to obtain an “S” mint double eagle can easily do so at a fair cost; in VF–20, many of these pieces are available for a reasonable premium over bullion value. Cramped quarters and poorly designed flues led to a sensational trial of a mint officer in 1857. Assayer Agoston Harazsthy was charged with the embezzlement of

Moffat & Co. struck small ingots for commercial purposes.

November 2017

$150,000 worth of gold from his part of the Mint. Harazsthy, who was freed by the jury, claimed that the flues were defective, and it did turn out that this was true, with a great deal of gold being recovered from that part of the building. However, tens of thousands of dollars of fine gold dust had strayed all over the city and many of the roofs were covered over a period of years with this valuable dust. As the Civil War approached, San Francisco continued serenely on its appointed way, as little of the highly charged oratory of the pre-war period really affected the West Coast. With the outbreak of war, however, this mint became very important as a source of bullion and coins for the Union cause. Gold and silver were sent to Europe to pay for military equipment, and San Francisco coinage was a key factor in this effort. The outbreak of war in April 1861 did not affect the San Francisco Mint itself very much. When the government attempted to pay workers in greenbacks, however, there was a minor rebellion among them, but this was soon cleared up and wages were paid that were commensurate with the prevailing prices. In the rest of the country, gold and silver coins were quickly hoarded when war erupted, but not on the West Coast. There, such coins stayed in circulation during the entire war and afterward, while the rest of the country did not catch up until 1878 when gold and silver finally served their appointed roles in the marketplace. Although silver and gold coinages continued to function normally at San Francisco during the Civil War, some of the denominations were struck in very small quantities indeed. One such piece is the 1864 quarter dollar, of which only 20,000 were made. If this was a widely collected series instead of a backwater, the $4,000 estimate seen for XF-40 would be several times that in the numismatic marketplace. The San Francisco Mint building was becoming increasingly crowded by the late 1860s, and at length plans were made to replace it with a fine structure. This effort was completed in 1874 and that edifice still stands, although it hasn’t been a mint building since 1937, when a more modern structure was erected. The 1874 building is famous as one of the few to withstand the 1906 earthquake.

A Better Bill How to Preserve the Paper Dollar by Al Doyle

he debate over the $1 bill versus a coin of the same face value remains unsettled. Both camps are locked into mindsets that fail to reach outside the box. Advocates of the $1 coin repeatedly point out how the United States is among the few nations that have refused to discontinue low-value paper money in favor of metal. That observation is true, but the dismal track record of the small $1 coin since 1979 does nothing to inspire public confidence. Even those with no knowledge of coinage quickly saw how the Susan B. Anthony $1’s striking resemblance to the quarter was a problem, and the “Susie” was universally derided as a flop days after it debuted in July 1979. The brass-colored Sacagawea and Presidential $1s may look different than the quarter, but they come up short in other ways. Manganese in a coin alloy causes discoloration over time and circulation. The “war nickels” of 1942-1945 are notorious for this. Take a brass-colored coin and add manganese, and the long-term prospects aren’t promising: The current “round buck” looks more like an arcade token than coin of the realm shortly after entering circulation. In a

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desperate stretch, the “Sac” was dubbed the “golden dollar” in government marketing campaigns. If a private enterprise made such hints at a precious substance in a base-metal piece, they would quickly and correctly be charged with consumer fraud and false advertising. The $1 coin lobby calls for forcing its item on the public by discontinuing the $1 note. Americans clearly prefer the “single” to unappealing coins. Is there a solution? How about a more durable and smaller $1 bill? One of the strongest arguments against paper dollars is their short duration in circulation. A typical 21st-century dollar is worn out in just a few years. Coin proponents say the higher initial cost of production is more than made up over time, as metallic money circulates for decades. Why not keep the same colors, but in polymer? Don’t stop there with the changes. Retain the current 2.61-inch height of the $1 for usage in cash and vending machines, but shorten it to 5 inches from 6.14 inches. This would allow $1s to be placed on top of $2 bills in cash registers and still be distinguishable, and would promote greater usage of the “deuce” with Thomas Jefferson’s portrait. The $2 is rarely encountered in circulation, despite being printed and issued on an intermittent basis since 1976.

If the size and composition of the $1 is going to be different, it’s also an opportunity for an overdue change to the back of the note. A shorter canvas means a single element would be a good fit. The striking Minuteman statue in Lexington, Massachusetts, comes to mind. It appeared on the 1925 commemorative half dollar, which marked the 150th anniversary of the historic battle for American independence. For a totally different look and theme, a revolving series of American wildlife portraits could be placed on the flip side of the $1. The series could include large game animals such as deer, elk, and pronghorn antelope, fresh- and saltwater fish species, birds, and smaller mammals such as raccoons and foxes. This would make the revamped $1 a low-budget collectible, much like the statehood quarters. The marketing minds at the Bureau of Engraving and Printing would surely come up with some creative sets for the collector market if given the opportunity. The $1 coin advocates have a fair amount of logic on their side when pointing out the shortcomings of the current $1 Federal Reserve note, but the drab coins of recent vintage are hardly satisfactory replacements. Why not produce a $1 bill that is better suited to modern needs? COINage

Show Dates 18-19—MARIETTA, OHIO: Parkersburg Coin Club Semi Annual Coin Show; Comfort Inn, 700 Pike Street; Sat. 10 am-5 pm, Sun. 9 am-4pm; free admission; 40 tables, contact Bill Latchic, (740) 431-2269 18-19—RALEIGH, NORTH CAROLINA: Carolina Coin & Stamp Show; NC State Fairgrounds Gov. James E. Holshouser Building, 1025 Blue Ridge Blvd.; Sat. 10 am-5 pm, Sun. 10 am-3 pm; free admission; coins, postcards and stamps (U.S., foreign, ancient, gold and silver); contact Dot Hendricks, (919) 828-9450 18-19—TAMPA, FLORIDA: Tampa Stamp & Coin Expo; Tampa Stadium Hotel, 4750 N. Dale Mabry Hwy.; Sat. 10 am-5 pm, Sun. 10 am-3 pm; postcards, stamps, coins, paper money; contact Sheldon Rogg, (727) 364-6897 24-25—GLENPOOL, OKLAHOMA: 5th Annual Black Friday Coin Show; Glenpool Conference Center, 12205 S Yukon Avenue; Fri. 12-6 pm, Sat. 9 am-4 pm; contact Robert Ranford, (918) 521-1679 25-26—ROCKY MOUNT, NORTH CAROLINA: Rare Coins of Raleigh Coins & Currency Show; Elks Lodge, 2750 N. Church Street; Sat. 10 am-6 pm, Sun. 10 am-4 pm; free admission; rare coins, precious metals, paper money, tokens, coin collecting books, and supplies, finding items on your want list, arranging flexible layaways, taking your tradeins, providing appraisals for your collection, buying

Novembmeber 2017

continued from page 8

all or part of your collection, advice on all collecting matters; contact, Shanna Millis, (919) 790-8544

December 2017 1-3—AUSTIN, TEXAS: Austin Coin and Currency Show; Best Western Plus Austin City Hotel, 2200 South IH 35l; Fri. 2 pm-6 pm, Sat. 10 am-6 pm, Sun. 10 am-3 pm; adults $3, kids 16 and under free; contact Jim Fitzgerald, (817) 688-6994 2—FORT COLLINS, COLORADO: Lincoln Center, 417 West Magnolia; Sat. 9 am-4 pm; free admission; contact Jim Oscarson, (970) 223-1795 2—GLENDALE, ARIZONA: Glendale Coin Show; St. James Catholic Church, 19640 N. 35th Avenue; Sat. 8:30 am-2:30 pm; free admission; 40 tables, drawing for a Proof Silver American Eagle; contact Richard Pagni, (847) 922-1424; Email: richp45@ hotmail.com 2—WESLEY CHAPEL, FLORIDA: 1st Saturday Coin Club Show; Eagle Lodge #3752, 4249 New River Rd.; free admission; contact Dennis Jones, (813) 355-6813 2-3—FAYETTEVILLE, NORTH CAROLINA: Holiday Inn, 1944 Cedar Creek Rd.; Sat. 9 am-5 pm, Sun. 9 am-4 pm; contact Mickey Smith, (910) 497-5445

2-3—FLINT, MICHIGAN: Flint Coin, Stamp & Sportscard Show; Dort Mall, 3600 S. Dort Hwy.; Sat. 10 am-6 pm, Sun. 12- 5 pm; contact Bob Guenther, (810) 280-6873 3—ANAHEIM, CALIFORNIA: North County Monthly Coin Show; Embassy Suites Anaheim Hills, 3100 Frontera St.; Sun. 9 am-4 pm; admission $1; free parking; 30+ dealers, U.S. and world coins, currency, tokens, medals, bullion, publications and supplies, free gift for all juniors (16 and under), free coin prize drawings; contact (714) 271-8946 3—DECATUR, INDIANA: Adams County Coin Club; Decatur Monthly Coin Show / Flea Market; Decatur Riverside Center, 231 E Monroe St.; Sun. 8 am-3 pm; indoor event (heat and air); contact Bonnie Gregg, (260) 724-2341 3—DEDHAM, MASSACHUSETTS: First Sunday Coin and Stamp Show; Holiday Inn-Boston Dedham, 55 Ariadne Road; 9 am-4 pm; contact Edward Donegan, (508) 631-1423 3—FAIRFIELD, CONNECTICUT: 9 am-2 pm; admission $2; free parking; hourly raffles, 50 dealers, U.S. coins and sets, comics, cards, memorabilia, vintage cards, wax box autographs and supplies; contact Fred and Karen Riso, (203) 265-1813

The The COINage COINage Price Price Guide GuideNOVEMBER MARCH 2016 2017

1859-1909 Indian Head Cents

1856-1858 Flying Eagle Cents G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

7500 10000

11000

11500

12500

17500

60000

175

225

500

4000

175

275

475

5000

175

250

425

4500

1856

6500

1857

1858 (sm letters) 30 1858 (lg letters)

G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1895

2.75

3.50

200

1896

2.75

3.50

200

1897

2.75

3.50

225

1898

2.75

3.50

175

1899

2.75

3.50

175

1900

2.75

3.50

175

1901

2.75

3.50

175

1902

2.75

3.50

175

1903

2.75

3.50

175

1904

2.75

3.50

175

1905

2.75

3.50

175

1906

2.75

3.50

175

1907

2.75

3.50

175

1908

2.75

3.50

175

100

125

150

200

250

775

1908-S 1909 1909-S

150

450

525

575

600

700

850

1000

2250

VG10

VF20

XF40

AU50

MS60

MS63

MS65

MS66

100

600

700

1150

1250

1750

3000

5000

1859-1909 Indian Head Cents G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1859

100

175

275

3750

1860

100

200

1500

1860 (point bust) 20

100

150

300

5000

1861

100

150

200

1750

1862

125

1275

1863

125

1200

1864 (cop, nickel) 20

100

200

1750

1864 (bz, rd bust, no L) 10

100

350

1864 (bz, pt bust) 50

100

125

150

250

325

425

1750

100

450

1865

1866

100

175

225

300

1000

1867

100

125

175

225

275

1000

1868

125

175

225

275

875

1869

150

225

325

450

500

675

1500

200

500

700

800

900

1000

1200

2500

1870

150

225

300

425

475

575

1250

1871

150

275

300

400

525

625

2000

1872

100

225

325

400

550

675

775

2750 1500

1869/9

1873 (clsd 3)

100

200

250

400

1873 (clsd 3, DL) 300

800

1400

1600

2500

4000

8000

1873 (open 3)

175

200

300

1000

1874

100

150

225

600

1875

125

150

250

600

1876

100

125

200

250

325

700

1877

625

900

1250

1750

2500

2750

3750

8500

1878

100

125

225

250

350

800

1879

100

325

1880

300

1881

300

1882

275

1883

250

1884

350

1885

100

525

1886

150

175

200

1250

1886 (1887 obv)

150

200

850

1887

325

1888/7

2000

4000

6500

8500

1888

2.50

650

1889

3.50

300

1890

3.50

350

1891

3.50

275

1892

3.50

250

1893

3.50

225

1894

425

125

175

300

400

900

7250

1894 (ddd)

34 www.coinagemag.com

1909-1958 Lincoln Wheat Cents 1909 V.D.B. 1909-S V.D.B. 1909

100

125

150

225

250

325

375

575

1000

1909-S (S/horz. S) 135

200

250

325

400

500

1000

125

200

1909-S 1910 1910-S

0.50 20

100

175

275

1.25

2.50

150

275

1911-D

100

200

450

1911-S

100

200

325

775

1250 300

1911

1912

2.25

2.50

125

1912-D

100

175

225

625

1912-S

100

200

300

875

1500

1913 1913-D 1913-S

1.25

175

625

100

225

525

900 1250

150

300

700

1914

1.75

250

1914-D

250

400

900

1500

2250

3500

7250

12000

1914-S

150

350

500

1250

125

350

575

1915 1915-D

125

275

575

1915-S

100

200

575

1250

2500

1916

0.75

2.50

100

125

1916-D

2.50

150

550

1500

1916-S

100

225

1000

2250

1917

0.50

150

1917 (dd obv)

275

350

1250

2000

3000

4000

1917-D

2.50

150

375

1750

1917-S

1.25

200

1000

1918

0.50

150

325

1918-D

1.75

150

625

1918-S

1.75

100

250

1250

3500

1919

0.50

150

1919-D

1.75

125

425

700

1919-S

1.25

150

550

1920

0.50

1.50

2.50

1920-D

2.50

150

500

1250

1920-S

1.25

100

225

1000

1921

1.25

150

350

1909-1958 Lincoln Wheat Cents VF20

XF40

AU50

MS60

MS63

MS65

MS66

475

800

1500

1944-S

0.06

0.10

0.25

0.30

0.40

1.75

1945

0.06

0.10

0.25

0.30

0.40

1.75

1945-D

0.06

0.10

0.25

0.30

0.50

1.50

1945-S

0.06

0.10

0.25

0.30

0.40

2.25

1946

0.06

0.10

0.25

0.30

0.40

1.50

1946-D

0.06

0.10

0.25

0.30

0.40

0.75

1946-S

0.06

0.10

0.25

0.30

0.40

1947

0.06

0.10

0.25

0.30

0.40

1947-D

0.06

0.10

0.25

0.30

0.40

0.75

1947-S

0.06

0.10

0.25

0.30

0.40

0.75

1948

0.06

0.10

0.25

0.30

0.40

XF40

AU50

MS60

MS63

MS65

MS66

1921-S

2.50

125

225

850

1944-D (D/S)

1922-D

100

200

425

1922 (missing D) 800

1000

2250

4250

12000

28000

88000

1923

0.75

1.50

125

200

225

475

1500

0.50

175

1924-D

100

150

300

525

1250

3000

1924-S

2.50

125

350

1500

1925

0.40

0.60

1925-D

2.50

125

475

1925-S

1.75

125

250

875

3750

1926

0.40

0.60

1948-D

0.06

0.10

0.25

0.30

0.40

0.75

1926-D

2.50

150

675

1948-S

0.06

0.10

0.25

0.30

0.75

1.75

1926-S

275

525

3000

1949

0.06

0.10

0.25

0.30

0.40

1927

0.35

0.60

125

1949-D

0.06

0.10

0.25

0.30

0.40

1.25

1927-D

2.25

100

325

650

1949-S

0.06

0.10

0.25

0.30

1.25

1927-S

2.50

200

850

1950

0.06

0.10

0.25

0.30

0.40

1.50

1950-D

0.06

0.10

0.25

0.30

0.40

1.50

1950-S

0.06

0.10

0.25

0.30

0.40

1.50

1951

0.06

0.10

0.25

0.30

0.50

1.50

1951-D

0.06

0.10

0.25

0.30

0.40

1.50

1951-S

0.06

0.10

0.25

0.30

0.50

1.50

1952

0.06

0.10

0.25

0.30

0.50

1.50

1952-D

0.06

0.10

0.25

0.30

0.40

1.50

1952-S

0.06

0.10

0.25

0.30

1.25

1953

0.06

0.10

0.25

0.30

0.40

1.50

1953-D

0.06

0.10

0.25

0.30

0.40

1.50

10 12

1923-S 1924

1928

0.35

0.60

125

1928-D

1.75

275

1928-S

1.75

150

350

1929

0.35

0.60

1929-D

1.25

125

250

1929-S

1.75

150

1930

0.35

0.60

1.25

1930-D

0.50

2.50

100

1930-S

0.55

1931

0.75

100

1953-S

0.06

0.10

0.25

0.30

0.40

1.50

1931-D

100

200

350

1954

0.06

0.10

0.25

0.30

0.40

1.50

1931-S

100

125

135

175

200

300

525

1954-D

0.06

0.10

0.25

0.30

0.40

1.25

1932

2.50

1954-S

0.06

0.10

0.25

0.30

0.40

1932-D

2.25

125

1955

0.06

0.10

0.25

0.30

0.40

0.75

1933

2.25

1955 (dd date) 1250

1500

1750

2000

2500

3000

8500

100

1955-D

0.06

0.10

0.25

0.30

0.40

0.75

1934

0.35

0.50

2.75

1955-S

0.06

0.10

0.25

0.30

0.40

1934-D

0.75

1.25

1956

0.06

0.10

0.25

0.30

0.40

0.75

1935

0.15

0.25

0.50

1.75

1956-D

0.06

0.10

0.25

0.30

0.40

0.75

1935-D

0.35

0.60

2.50

1957

0.06

0.10

0.25

0.30

0.40

0.75

1935-S

0.50

4.50

1957-D

0.06

0.10

0.25

0.30

0.40

0.75

1936

0.25

0.40

1.50

2.25

1933-D

1936 (dd obv)

100

200

300

800

1936-D

0.35

0.60

1.50

1936-S

0.35

0.60

1937

0.35

0.60

1.50

1937-D

0.35

0.60

1.50

1937-S

0.35

0.60

1.50

1938

0.35

0.60

1.50

1938-D

0.35

0.60

1.50

1938-S

0.45

0.80

1939

0.35

0.60

1.50

1939-D

0.35

0.60

1.50

1939-S

0.35

0.60

1.50

1940

0.35

0.60

0.75

4.5

1940-D

0.35

0.60

1.50

1940-S

0.35

0.60

1.50

1941

0.35

0.60

1.50

1941-D

0.35

0.60

1.50

1941-S

0.35

0.60

1.75

1942

0.35

0.60

0.75

1.25

1942-D

0.35

0.60

0.75

1.25

1942-S

0.40

0.75

1.50

1943 steel

0.15

0.30

0.50

0.60

3.50

1943-D steel

0.45

0.60

0.75

1.50

100

150

200

300

1943-S steel

0.20

0.50

0.75

3.50

1944

0.06

0.10

0.15

0.25

0.50

3.50

1944-D

0.10

0.20

0.25

0.30

0.50

1.75

1943-D steel (DD)

1958

0.06

0.10

0.25

0.30

0.40

0.75

1958-D

0.06

0.10

0.25

0.30

0.40

0.75

G04 1866 30 1867 (with rays) 40 1867 (w/o rays) 20 1868 20 1869 20 1870 25 1871 80 1872 20 1873 (closed 3) 40 1873 (open 3) 20 1874 20 1875 30 1876 25 1879 300 1880 1000 1881 250 1882 15 1883 15

VG10 50 55 30 30 30 45 125 35 60 35 35 50 50 550 1750 350 25 25

VF20 80 100 40 40 40 60 200 60 100 50 75 85 85 750 3000 500 40 40

XF40 150 200 65 70 70 90 300 90 150 75 100 125 125 975 6250 700 65 65

AU50 225 250 100 100 100 100 325 100 225 100 125 150 150 1000 7000 850 95 95

MS60 325 400 150 150 150 175 450 175 300 150 200 250 200 1500 12000 1000 150 150

MS65 2000 3500 800 800 800 2000 2500 1750 2750 2250 1750 1500 1500 3500 75000 2750 700 675

MS67 35000 10000 10000 22500 14000 7750 5000 4500

350

800

1250

1500

2000

10250

22500

1883 (3/2)

200

1866-1883 Shield Nickels

Continued on next page

The The COINage COINage Price Price Guide Guide

VG10

VF20

MARCH NOVEMBER 2016 2017

1909-1958 Lincoln Wheat Cents VG10

The The COINage COINage Price Price Guide GuideNOVEMBER MARCH 2016 2017

1866-1883 Shield Nickels Proofs

1913-1938 Indian Head Buffalo Nickels

35000

42750

62500

75000

1867 (w/o rays) 225

275

325

500

1250

2250

4500

1868

250

275

300

375

600

1250

2250

4250

1869

225

275

300

375

550

950

1500

3750

1870

225

275

300

375

525

1000

2500

1871

225

275

300

400

550

1000

1500

6250

1872

225

250

300

375

500

700

1250

5000

1873 (clsd 3)

225

250

300

350

500

700

1250

6500

1873 (open 3)

225

250

300

350

525

825

1250

5000

1874

225

250

300

350

525

825

1250

5000

1875

225

275

325

400

625

1250

2750

1876

225

250

300

350

525

825

1250

6500

1877

3000

3250

3500

3750

4250

5250

6250

12000

1878

1500

1600

1700

1800

1900

2000

2250

3000

1879

325

350

375

450

600

800

1250

2750

1880

300

325

425

475

550

700

950

2000

1881

250

275

325

375

475

675

925

1750

1882

200

250

300

350

450

675

925

1750

1883

200

250

300

350

450

675

925

1750

VG10 1883 (w/ cents) 35 1884 35 1885 750 1886 425 1887 25 1888 50 1889 25 1890 20 1891 15 1892 15 1893 15 1894 40 1895 15 1896 25 1897 6 1898 6 1899 4 1900 4 1901 3 1902 3 1903 3 1904 3 1905 3 1906 3 1907 3 1908 3 1909 3 1910 3 1911 3 1912 3 1912-D 12

VF20 55 60 1000 550 40 100 50 40 40 40 40 150 40 60 25 25 20 20 12 12 12 12 12 12 12 12 12 12 12 12 40

XF40 80 100 1500 700 75 175 80 75 75 75 75 225 75 100 50 50 30 30 30 30 30 30 30 30 30 30 30 30 30 30 75

AU50 125 125 1750 850 100 225 125 100 100 100 100 300 125 150 65 70 60 60 60 60 60 60 60 60 60 60 75 60 60 60 175

MS60 175 200 2500 1250 150 300 150 175 150 150 150 375 150 200 100 125 90 85 85 85 85 85 85 85 85 85 100 85 85 85 300

MS65 675 1750 12000 7250 1000 1250 850 1250 1250 1000 1000 1500 2250 2000 875 800 575 550 525 525 525 525 525 650 775 1000 950 675 525 525 2000

MS66 1500 3500 20000 28000 3500 7250 3500 3750 2500 3500 3500 2500 5500 9750 3250 2250 1500 1500 1500 1250 1250 1000 1000 3750 2000 3500 2500 3750 1250 1500 5500

MS67 15000 14000 95000 9500 12500 9500 15000 12500 15500 18000 12000 12000 7500 9500 15000 18000

VG10 VF20 1913 (5¢ in recess) 10 15 1913-D (5¢ in recess) 20 30 1913-S (5¢ in recess) 425 500 1914 20 25 1914/3 300 500 1914-D 150 200 1914-S 40 60 1915-D 35 50 1915-S 80 200 1916 6 8 1916 (dd obv) 7000 12500 1916-D 30 30 1916-S 20 40 1917 8 10 1917-D 40 60 1917-S 40 100 1918 7 12 1918-D 45 125 1918/7-D 2000 5000 1918-S 30 80 1919 5 8 1919-D 30 100 1919-S 30 100 1920 2.50 6 1920-D 25 100 1920-S 20 100 1921 8 20 1921-S 100 300 1923 2.50 8 1923-S 15 100 1924 2.50 10 1924-D 20 100 1924-S 50 400 1925 2.50 8 1925-D 30 100 1925-S 12 80 1926 2.50 5 1926-D 20 100 1926-S 60 400 1927 2.50 5 1927-D 5 20 1927-S 5 35 1928 2.50 5 1928-D 2.50 12 1928-S 2.50 12 1929 2.50 5 1929-D 2.50 5 1929-S 5 12 1930 2.50 5 1930-S 2.50 5 1931-S 18 20 1934 2.50 5 1934-D 2.50 10 1935 2.50 5 1935 (dd reverse) 90 200 1935-D 2.50 10 1935-S 2.50 5 1936 2.50 5 1936-D 2.50 5 1936-D (3 1/2 legs) 1600 4000 1936-S 2.50 5 1937 2.50 5 1937-D 2.50 5 1937-D (3 legs) 700 900 1937-S 2 3 1938-D 4 5 1938-D (D/D) 6 10

500

975

1250

1500

3000

5500

20000

1938-D (D/S)

1866

PR60

PR61

PR62

PR63

PR64

PR65

PR66

PR67

1250

1500

1750

2000

2250

3000

5000

18000

20000 25000

1867 (w/rays) 18000

1883-1912 Liberty Head Nickels

1912-S

200

36 www.coinagemag.com

XF40 20 40 600 35 700 250 80 100 375 12 25000 90 75 15 100 125 25 225 9000 150 15 250 250 15 275 225 40 700 15 275 25 225 1250 20 150 150 12 200 875 12 60 100 15 45 30 12 35 35 10 12 35 12 20 8 800 20 8 8 6 6500 8 8 8 1000 8 6 12

AU50 25 55 700 40 1250 300 125 150 525 20 30000 100 125 25 200 250 40 325 12000 250 25 350 375 25 400 300 80 1250 35 325 40 325 1750 25 250 250 20 250 2500 20 120 200 20 50 100 20 45 45 20 30 50 18 25 10 1500 40 18 10 12 12 10 12 1250 12 8 18

AU55 30 65 750 45 2000 400 150 200 575 35 40000 125 150 50 300 400 60 400 22000 400 50 450 450 35 450 450 100 1500 45 425 50 400 2000 35 300 300 25 300 3500 25 130 325 25 55 175 25 50 55 25 45 60 25 50 12 2500 50 20 15 18 18 12 18 1500 18 12 20

MS60 35 75 900 55 3000 500 200 250 675 50 85000 175 200 80 400 500 100 500 35000 500 75 650 625 65 600 600 125 1800 60 625 75 525 2500 45 400 400 35 400 5000 35 150 625 35 60 225 35 65 65 30 60 65 45 60 20 5000 65 45 18 25 35 18 25 2250 30 20 30

MS65 350 300 4500 525 1500 2000 1800 3500 325 2000 2000 500 2500 5000 1200 4250 265000 500 6500 15000 800 6250 800 7500 625 10250 750 5000 12000 400 5000 225 4500 100000 275 7000 20000 325 725 3750 325 1250 325 225 425 325 300 225 125 400 200 75 125 100 60 60 38000 65 55 90

MS67 5000 2750 25000 7250 40000 22000 45000 10000 7750 16000 70000 10000 3250 6000 7750 18000 25000 28000 30000 32000 4250 4250 1750 6000 3750 800 1500 450 725 130000 1000 175 800

150

875

NOVEMBER 2017

1892-1916 Barber Dimes VG10

F15

VF20

XF40

AU50

MS60

120

600

1892-O

100

150

1250

1892-S

175

200

225

275

300

400

4000

175

1000

1893/2

125

175

225

250

300

400

800

5500

1893-O

100

140

150

200

250

300

2500

1893-S

100

150

300

3000

1894

100

125

150

200

250

300

1200

1892

1893

MS65

1894-O

200

250

300

450

550

1600

1895

300

400

450

500

600

700

2250

1895-O

425

800

1300

1500

2800

4000

5500

23000

1895-S

125

175

200

250

300

500

6500

1896

100

125

175

1400

1896-O

250

350

400

500

600

1000

9000

1896-S

250

325

350

400

500

800

4000

150

600

1897-O

250

350

400

500

600

1000

4500

1897-S

125

150

200

250

500

3500

150

600

1898-O

125

150

250

300

500

3250

1898-S

150

400

3500

1899

125

600

1899-O

100

125

175

250

400

4250

1899-S

100

300

2750

1900

125

650

1900-O

150

175

250

400

600

5000

1900-S

150

1650

1901

125

700

1901-O

200

500

4250

1901-S

4800

1897

1898

300

400

500

600

700

1000

1902

125

600

1902-O

150

400

4500

1902-S

125

150

200

400

3500

1903

125

1000

1903-O

100

250

4500

1903-S

300

400

500

700

800

1250

2800

125

1300

150

225

250

350

500

750

4500

1905

125

700

1905-O (large O)

100

150

300

1500

1905-O (small O) 40

1904 1904-S

125

175

250

400

1800

12000

1905-S

100

200

1000

1906

100

650

1906-D

150

1500

1906-O

100

125

200

1200

1906-S

100

250

1250

1907

100

625

1907-D

100

300

2250

1907-O

100

200

1250

1907-S

150

400

2200

1908

100

650

1908-D

125

900

1908-O

100

150

300

1500

1908-S

150

300

1800

1909

100

600

1909-D

125

150

250

500

2500

1909-O

100

200

1600

1909-S

125

150

200

300

500

2500

1910

100

600

The COINage Price Guide

G04

Continued on next page

The The COINage COINage Price Price Guide GuideNOVEMBER MARCH 2016 2017

1892-1916 Barber Dimes G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1910-D

100

200

1500

1910-S

125

225

400

2300

1911

100

850

1911-D

100

850

1911-S

100

200

1000

1912

100

650

1912-D

100

725

1912-S

100

150

850

1913

100

650

150

200

250

300

450

1400

1914

100

650

1914-D

100

650

1914-S

150

1200

1915

100

650

1915-S

150

250

1500

1916

100

650

1916-S

100

650

1913-S

1892-1915 Barber Dimes Proofs PR61

PR62

PR63

PR64

PR65

PR66

PR67

PR68

1892

400

450

650

975

1500

2250

4500

1893

450

650

975

1500

2250

4500 10500

1894

400

450

625

950

1500

2250

500000 1200000

1850000

1894-S

365000

4250

2350000 2900000

10750

1895

400

475

675

975

1750

2000

4500

12000

1896

400

450

650

950

1750

2000

4500

1897

400

450

650

950

1500

2000

4250

12000

1898

400

450

625

950

1500

2000

4250

12000

1899

400

450

625

950

1500

2000

4500

12000

1900

400

450

625

950

1500

2000

4250

10750

1901

400

450

625

950

1500

2000

4500

1902

400

450

625

950

1500

2000

5000

15000

1903

400

450

625

950

1500

2000

4750

14000

1904

400

450

625

950

1500

2000

4500

10750

1905

400

450

625

950

1500

2000

4250

10500

1906

400

450

625

950

1500

2250

4250

12000

1907

400

450

625

950

1500

2250

4500

12000

1908

400

450

625

950

1500

2000

4500

12000

1909

400

450

625

975

1500

2000

4500

12000

1910

400

450

625

950

1500

2000

4500

12500

1911

400

450

625

950

1500

2000

4500

12500

1912

400

450

625

950

1500

2000

5000

12000

1913

400

450

625

950

1500

2000

4750

10750

1914

400

450

625

975

1500

2000

5250

14000

1915

400

450

625

975

1750

2500

5500

1916-1945 Mercury Dimes G04

VG10

VF20

XF40

AU50

MS60

MS63

MS65

100

1916-D

1000

2250

4500

6000

9000

1916-S

200

1917

150

1916

38 www.coinagemag.com

G04 3 10 1917-S 3 1918 3 1918-D 3 1918-S 3 1919 3 1919-D 3 1919-S 3 1920 3 1920-D 3 1920-S 3 1921 60 1921-D 80 1923 3 1923-S 3 1924 3 1924-D 3 1924-S 3 1925 3 1925-D 3 1925-S 3 1926 3 1926-D 3 1926-S 12 1927 3 1927-D 3 1927-S 3 1928 3 1928-D 3 1928-S (large S) 4 1928-S (small S) 3 1929 3 1929-D 3 1929-S 3 1930 3 1930-S 3 1931 3 1931-D 8 1931-S 3 1934 2 1934-D 2 1935 2 1935-D 2 1935-S 2 1936 2 1936-D 2 1936-S 2 1937 2 1937-D 2 1937-S 2 1938 2 1938-D 2 1938-S 2 1939 2 1939-D 2 1939-S 2 1940 2 1940-D 2 1940-S 2 1941 2 1941-D 2 1941-S (large S) 4 1941-S (small S) 2 1942/1 500 1942 2 1942/1-D 500 1942-D 2 1942-S 2 1943 2 1943-D 2 1943-S 2 1944 2 1944-D 2 1944-S 2 1945 2 1945-D 2 1945-S (large S) 2 1945-S (small S)

1916-1945 Mercury Dimes

VG10 30 4 4 5 4 4 12 10 4 4 5 100 150 4 6 4 8 4 4 12 6 4 4 20 4 6 4 4 10 6 4 4 4 4 4 4 4 12 4 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 6 2.50 600 2.50 600 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50

VF20 60 8 12 12 12 6 30 20 6 10 10 250 400 6 20 6 25 12 6 50 20 6 12 75 6 25 12 6 25 12 6 6 8 6 6 6 6 20 12 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 15 4 650 4 650 4 4 4 4 4 4 4 4 4 4 4

XF40 80 15 40 30 25 12 50 40 8 25 20 550 600 8 80 15 60 60 10 150 80 8 30 300 8 80 30 8 75 40 20 8 12 8 8 20 15 50 25 6 15 5 15 6 5 8 6 5 5 5 5 5 5 5 5 5 5 5 5 5 4.50 25 4.50 800 4.50 800 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50

AU50 250 30 50 50 40 25 80 80 15 50 40 900 1000 15 100 30 100 100 15 200 100 12 50 400 12 100 50 15 100 80 40 10 20 20 15 50 25 60 50 10 30 8 25 15 6 15 15 6 12 12 8 12 12 6 6 15 6 6 6 6 5 30 5 1250 5 1250 5 5 5 5 5 5 5 5 5 5 5

MS60 300 150 80 200 200 150 350 400 60 300 250 1200 1500 30 175 40 175 200 30 350 200 25 125 1000 30 175 300 30 175 250 150 20 30 30 30 80 40 90 100 30 40 10 40 25 10 30 25 8 25 25 12 15 20 10 8 25 8 8 8 8 6 110 6 3000 6 3000 8 8 8 8 8 8 8 8 8 8 8

MS63MS65 1917-D 1000 175 425 100 425 250 700 250 750 175 350 425 1400 450 1250 70 250 325 600 300 1400 1700 3500 2100 3200 40 100 350 1200 75 180 425 900 450 1100 80 200 750 1800 500 1500 60 225 275 600 1800 3000 50 150 400 1400 500 1600 40 125 325 900 400 800 300 500 30 60 35 80 45 125 45 125 125 200 70 130 110 275 125 275 40 60 50 80 20 35 50 80 30 40 15 30 35 50 30 40 15 25 30 45 30 40 15 30 20 30 25 35 15 30 12 20 30 45 10 25 12 30 12 30 12 25 12 25 12 25 4500 12 25 5000 9000 12 25 15 25 12 25 12 25 12 25 12 25 12 20 12 25 12 20 12 20 12 20 40

100

NOVEMBER 2017

1936-1942 Mercury Dimes Proofs PR61

PR63

PR64

PR65

PR67

PR68

PR69

1936

400

575

850

1000

1500

5000

28000

1937

250

275

400

450

550

1000

5000

1938

175

200

250

275

325

750

10000

18500

1939

150

175

200

250

275

450

2500

1940

125

150

175

225

250

475

4500

15750

1941

125

150

175

200

225

475

4500

1942

125

150

175

200

225

475

3250

20000

The COINage Price Guide

PR60

1838-1891 Seated Liberty Quarters G04

VG10

F15

VF20

XF40

AU50

MS60

MS65

1838

100

375

650

1250

36500

1839

100

375

650

1250

38000

1840-O (w/o drape) 40

100

125

425

700

1250

48500

1840 (w/drape)

100

225

350

800

14500

1840-O (w/drape)

150

200

350

525

1100

17500

1841

150

175

275

400

950

11000

1841-O

200

325

750

10000

1842-O (lg date)

100

275

300

400

750

1750

14500

500

1500

2250

2750

4500

9000

25000

1843-O

200

400

6750

1844

100

150

400

825

2250

1844-O

100

225

450

8250

1845

100

200

375

1250

8000

1846

100

200

500

6250

1847

200

275

525

10000

1847-O

200

500

6750

1848

150

200

500

1750

3750

1849

150

175

275

475

1000

1849-O

150

300

700

13500

1843

1850

550

1000

1750

2250

4000

5750

10000

1850-O

100

125

200

350

850

10500

1851

125

150

250

600

1500

15000

1851-O

100

150

200

275

400

1000

8000

200

450

750

1000

1750

3000

5750

100

175

275

400

750

6250

1852 1852-O 1853 (recut date)

200

400

1000

1250

2750

4250

12500

1853

350

750

1100

1250

1750

2500

3750

11000

1853/4

150

325

900

17000

1853-O

150

200

400

1000

2000

45000

1854

300

1250

3000

25000

1854-O

250

475

9000 10000

1854-O (lg O)

125

275

900

800

2000

3500

4250

7500

11500

1855-O

250

475

9000

1855-S

200

250

475

1250

3000

1856

175

225

550

1250

2500

30000

1856-O

175

275

4000

1856-S

100

300

925

9000

1856-S/S

250

300

350

1500

2250

5000

150

350

1000

1250

2500

3500

1857-O

200

300

4000

1857-S

125

400

1000

1855

1857

GOLD & SILVER Investor’s Guide

This special Gold & Silver issue is a broad collection of articles and analysis of today’s market.

able Now Avail Format in Digital Only $2!

order online

WWW.COINAGEMAG.COM Or send $7.87* (includes p&h) check or money order payable to COINage along with your name and mailing address to: GOLD & SILVER: Investor’s Guide • c/o Beckett Media, LLC • 4635 McEwen Rd, Dallas, TX 75244 *TX residents add 8.25% tax; Canadian/Foreign orders, please add $5.00. Continued on next page

The The COINage COINage Price Price Guide GuideNOVEMBER MARCH 2016 2017

1838-1891 Seated Liberty Quarters 1858 1858-O

G04

VG10

F15

VF20

XF40

AU50

MS60

100

200

325

400

700

1250

3000

MS65 -

150

300

4000 25000

1858-S

150

400

1500

1859

200

600

800

2750

3750

13500

1859-O

200

575

7250

1859-S

150

300

600

900

3250

9750

40000

200

450

4500

1860 1860-O

125

375

950

13000

1860-S

450

1500

3000

4000

15000

25000

45000

1861 1861-S

1858-1891 Seated Liberty Quarters Proofs PR61

PR62

PR63

PR64

PR65

PR66

PR67

PR68

1858

1250

1500

1750

3000

8000

25000

58000

775

1000

1500

2500

5000

9500

25000

200

300

3500

1859

100

200

450

750

4000

9000

25000

1860

725

975

1500

2500

5000

9250

28000

55000

1862

100

175

350

4350

1861

700

975

1500

2500

5000

9500

28000

1862-S

200

350

475

875

1500

3500

1862

700

950

1500

2500

5000

9500

28000

1863

100

150

250

375

650

4750

1863

700

925

1500

2500

5000

9500

28000

1864

125

200

225

350

450

775

5000

1864

725

950

1500

2500

5000

9500

22000

48000

450

850

1750

2250

3500

4750

12500

1865

700

950

1500

2500

5000

10000

25000

40000

125

200

225

350

450

850

6750

1866

500

700

1000

1500

2750

4250

7750

1865-S

100

200

300

400

800

1250

2750

12000

1867

525

700

1000

1500

2500

4000

7000

1866

450

700

1000

1100

1500

1700

2250

6750

1868

500

700

1000

1500

3250

15500

1866-S

300

600

1200

1400

1750

2500

3750

17500

1867

275

450

675

850

1300

1500

1900

1869

525

700

1000

1500

3000

4750

8250

1867-S

250

650

1000

1250

3000

7000

14000

1870

500

675

1000

1500

3000

4500

7250

1868

150

250

325

375

500

550

900

7250

1871

475

675

1000

1500

2750

3750

7500

1868-S

100

250

375

450

775

1500

3250

15000

1872

475

675

1000

1500

2750

3750

7500

25000

1869

300

500

625

700

925

1000

1750

7500

1873 (clsd 3)

1869-S

100

250

400

475

850

1500

2750

15500

100

175

200

300

400

850

6500

16500 20000

1864-S 1865

1870 1870-CC 1871

8500 30

1871-CC

3250

1871-S

400

1872

25000

40000

55000

75000

125

225

350

725

7500

8750 12000

15500

26500

40000

66500

1100

1500

2750

4450

11500

50 675

1000

475

675

1000

1500

2750

3750

7000

25000

1873 (w/arrows) 825

1000

1750

3500

8000

12000

35000

50000

1874

850

1000

1750

3500

8000

12000

28000

55000

1875

450

650

1000

1250

2250

3750

7000

15000

1876

475

625

1000

1250

2250

3750

6750

1877

475

650

1000

1250

2250

3500

6500

1878

475

625

1000

1250

2250

3500

6750

1879

475

625

1000

1250

2250

3500

7500

175

300

600

7350

1872-CC

1250

2500

4500

6000

13000

20000

44500

1880

475

625

1000

1250

2250

3250

6000

18000

1872-S

850

1750

2750

3250

5000

6750

8750

52500

1881

475

625

1000

1250

2250

3250

6000

18000

1873 (clsd 3)

250

500

675

800

1750

2750

7500

1882

475

650

1000

1250

2250

3250

6000

18000

1873 (open 3)

125

135

175

250

450

5750

1883

475

625

1000

1250

2250

3250

6000

18000

1873 (w/arrows)

200

425

725

4000

1884

475

625

1000

1250

2250

3250

6000

18000

1873-CC (w/arrows) 3000

8000

13000

16500

26500

47500

93500

1885

475

625

1000

1250

2250

3250

5750

15000

1873-S

125

175

325

525

1500

20000

1886

475

625

1000

1250

2250

3250

6000

18000

1874

200

400

725

3500

1887

475

625

1000

1250

2250

3250

5750

18000

1874-S

100

300

500

900

3500

1888

475

625

1000

1250

2250

3250

6000

18000

1875

150

250

1750

1889

475

625

1000

1250

2250

3250

5750

18000

1875-CC

100

225

350

450

825

1250

4000

30000

1875-S

175

250

600

3250

1890

475

625

1000

1250

2250

3250

5750

18000

1876

150

250

1750

1891

475

625

1000

1250

2250

3250

5750

18000

1876-CC

100

120

150

300

550

5500

1876-S

150

250

2250

1877

150

250

1750

1877-CC

100

150

250

450

2500

1877-S

150

250

1750

1877-S (S/horz S)

100

150

250

350

700

4250

1878

150

275

2750 3500 G04

VG10

MS65

1878-CC

120

140

150

250

550

1878-S

150

300

400

450

800

1000

2000

1879

175

250

300

325

375

450

575

1750

VF20

XF40

AU50

MS60

MS63

1880

150

250

300

325

375

450

575

2000

1892

125

200

475

1250

1881

200

250

300

325

400

450

550

2250

1892-O

100

175

325

475

1500

1882

225

270

300

325

400

450

600

2250

1892-S

150

200

325

450

925

4500

1883

225

270

300

325

400

450

600

2500

1893

125

225

475

1500

1884

225

350

500

525

550

600

725

2250

1893-O

125

175

275

475

2000

1885

150

225

275

300

400

475

600

2750

1893-S

125

200

350

450

1000

7000

1886

325

500

600

650

675

750

925

3250

1887

225

350

425

450

500

550

700

2500

1894

100

150

250

475

1250

1888

200

300

375

425

475

525

650

2000

1894-O

150

225

350

675

2000

150

400

4000

1894-S

125

200

325

750

2500

1889

200

300

325

350

425

475

600

1750

1895

125

225

475

1800

1890

125

150

200

300

450

1750

1895-O

150

225

425

950

2500

1891

150

250

1750

1895-S

150

200

275

425

1000

3500

1891-O

175

450

650

750

1000

1250

4750

26500

1896

100

150

250

500

1250

1891-S

150

300

2250

1896-O

150

375

650

950

1200

1850

7000

1888-S

40 www.coinagemag.com

1892-1916 Barber Quarters

XF40 5500 75 450 650 75 300 100 75 150 150 75 175 80 90 650 32250 75 150 175 75 150 150 75 225 95 275 125 75 75 100 75 100 75 125 75 75 75 300 75 80 700 100 75 125 75 500 175 50 125 375 100 11250 75 75 950 75 75 100 75

AU50 7500 125 625 950 125 450 225 125 300 275 150 350 150 125 875 40250 125 225 250 125 250 275 125 450 125 375 200 125 150 200 125 175 125 275 125 125 125 500 125 150 1000 200 125 250 125 700 275 125 225 525 200 14000 125 125 1100 125 125 200 125

MS60 10500 225 850 1425 200 650 425 200 425 425 275 575 400 200 1000 43500 200 475 525 200 425 450 200 825 200 475 350 200 225 325 200 250 200 475 200 250 200 750 200 200 1500 300 200 350 200 950 400 220 400 925 275 15000 200 200 1425 200 200 300 200

MS63 17500 475 1850 2000 475 1675 1550 475 775 1550 475 875 1100 475 2000 50500 475 1300 975 475 1150 850 475 1300 475 1300 1000 475 475 550 475 750 475 1000 450 475 475 1300 475 475 2325 675 450 925 475 1200 725 475 1000 1125 475 20000 475 475 1500 475 475 500 475

MS65 50000 1500 3500 6500 1500 9000 7000 1250 3000 4000 1250 3750 5000 1500 5500 75000 1225 4150 3525 2150 4850 2400 1225 2625 1425 7100 3650 1150 1650 1225 1225 2625 2025 5275 1225 1225 1225 4425 1125 1225 8500 2200 1225 1800 1225 6000 1500 1250 1750 4500 1250 31500 1250 1100 3500 1250 1250 1250 1250

125

200

475

1250

RARE DATE SCARCE DATE

Wholesale

MORGAN DOLLARS

OLESALE WH ChAU BU

1878-CC 1878-S 1880-S 1880-O 1881-O 1882CC 1883CC 1883-S 1884CC 1884-S 1885-S 1886-S 1886-O 1887-S 1889-S 1889-CC 1890-CC 1890-O 1890-S 1891

259. 45. 39. 39. 39. 119. 119. 79. $119 99. 89. 135. 75. 69. 89. 2,395. 199. 49. 45. 39.

349. 65. 59. 59. 55. 219. 219. 249. $229 649. 259. 259. 239. 119. 199. 4,900. 339. 69. 69. 69.

1891-O 1891-CC 1891-S 1892 1892-S 1892-O 1892-CC 1893 1893-O 1894 1894-O 1894-S 1895-O 1896-O 1896-S 1897-O 1898-S 1899 1901 1901-S 1902 1903 1904 1904-S

ChAU

75. 199. 42. 89. 495. 85. 595. 359. 750. 1595. 189. 299. 695. 89. 359. 79. 85. 239. 199. 179. 44. 52. 52. 399.

BU 149. 319. 59. 159. 2,595. 199. 975. 479. 1295. 2595. 339. 575. 1795. 299. 795. 249. 195. 299. 579. 395. 59. 75. 75. 795.

The COINage Price Guide

1916-D

1892-1916 Barber Quarters

VG10 VF20 2250 4000 15 35 125 400 250 475 15 35 60 150 30 75 15 35 30 75 65 100 18 40 50 125 20 50 45 75 175 400 15000 28000 15 30 25 85 35 90 15 35 25 60 35 90 15 30 50 150 45 65 100 250 65 105 15 35 15 40 25 60 12 35 15 50 18 40 25 70 15 30 12 35 15 40 75 150 15 30 15 40 250 525 12 50 20 35 25 70 15 35 100 325 30 100 15 35 40 85 50 200 20 55 4000 8500 15 30 15 30 350 650 15 35 15 35 55 100 15 30

NOVEMBER 2017

1896-S 1897 1897-O 1897-S 1898 1898-O 1898-S 1899 1899-O 1899-S 1900 1900-O 1900-S 1901 1901-O 1901-S 1902 1902-O 1902-S 1903 1903-O 1903-S 1904 1904-O 1905 1905-O 1905-S 1906 1906-D 1906-O 1907 1907-D 1907-O 1907-S 1908 1908-D 1908-O 1908-S 1909 1909-D 1909-O 1909-S 1910 1910-D 1911 1911-D 1911-S 1912 1912-S 1913 1913-D 1913-S 1914 1914-D 1914-S 1915 1915-D 1915-S 1916

G04 850 12 45 125 12 15 12 12 15 25 12 15 12 30 75 5500 7 10 15 8 10 15 8 30 30 45 35 8 8 10 7 8 10 12 8 7 8 25 8 8 50 7 7 8 7 30 12 7 18 25 12 1800 8 8 125 8 8 30 8

WHOLESALE U.S. GOLD COINS SELECT B.U. $1 Liberty- $295 $ 2 1/2 Liberty- $379 $ 5 Liberty- $439

$5 Indian- $499 $10 Indian- $895 $20 Liberty- $1399

TERMS OF SALE: All coins guaranteed genuine. Add $9 to all orders under $500 for P. & I. Thirty day return period Coins removed from original holders are considered sold. Grading by Photograde, & A.N.A. grading guide. Combined with 48 years of Numismatic Expertise.

Established 1968

ANTIQUES & COINS P.O. Box 1226-CA, Palm Harbor, FL 34682 Credit Card Orders Phone Toll Free

1-800-Money-21

Inquiries 727-785-7104

E-mail Orders 24-7 antiquesandcoins@aol.com

1892-1915 Barber Quarters Proofs PR61

PR63

PR64

PR65

PR66

PR67

PR68

PR69

1892

475

875

1250

2000

3000

5000

14000

40000

1893

475

875

1250

2000

3000

5000

15000

35000

Continued on next page

NOVEMBER 2017

The COINage Price Guide

1892-1915 Barber Quarters Proofs PR61

PR63

PR64

PR65

PR66

PR67

PR68

PR69

1894

475

875

1250

2000

3000

5750

15000

40000

1895

465

925

1250

2000

3000

5500

15000

1896

475

925

1250

2000

3250

5500

14000

32000

1897

475

875

1250

2000

3000

5250

14000

1898

475

900

1250

2000

3000

5250

12000

32000

1899

475

875

1250

2000

3000

5000

12000

1900

475

875

1250

2000

3000

5250

15000

1901

475

875

1250

2000

3000

5500

12000

1902

475

875

1250

2000

3000

5500

14000

1903

475

875

1250

2000

3000

5000

12000

1904

475

875

1250

2000

3000

5000

12000

40000

1905

475

875

1250

2000

3000

5000

15000

1906

475

875

1250

2000

3000

5000

14000

1907

475

875

1250

2000

3000

5000

14000

1908

475

875

1250

2000

3000

5000

14000

30000

1909

475

875

1250

2000

3000

5250

14000

1910

475

875

1250

2000

3000

5000

14000

1911

475

875

1250

2000

3000

5000

14000

1912

475

875

1250

2000

3000

5250

15000

60000

1913

475

875

1250

2250

3000

5750

14000

30000

1914

475

900

1250

2500

3000

5500

14000

1915

475

900

1250

2500

5000

10000

20000

1839-1891 Seated Liberty Half Dollars G04

VG10

VF20

XF40

AU50

MS60

MS65

MS67

175

300

450

1250

18500

1840 (sm letters) 45

150

300

375

900

10000

1840 (med letters)200

350

650

1400

1750

4500

25000

150

325

450

900

1839

1840-O 1841

200

350

450

1500

18000

1841-O

150

325

450

1250

28000

1842 (med date)

100

150

300

800

8000

1842-O (sm date) 800

1250

2500

4750

7500

18000

1842-O (med date) 30

225

375

1250

25000

40000

1843

175

250

650

15000

45000

1843-O

225

350

825

22000

1844

175

275

650

5000

1844-O

100

250

300

950

1844-O (DD)

500

1000

1750

3500

8000

1845

175

300

475

1000

1845-O

125

275

375

825

9750

1845-O (w/o drape) 50

200

600

800

1846 (med date)

200

300

700

12500

1846 (lg date)

150

400

500

800

1846-O (med date) 30

200

300

1250

250

450

900

2000

2750

8500

1846 (over horz. 6) 150

275

500

800

1500

6000

175

250

700

8500

30000

1846-O (lg date) 1847

1916-1930 Standing Liberty Quarters

1847-O

250

350

850

18000

G04

VG10

VF20

XF40

AU50

MS60

MS63

MS65

1847/6

2500

4000

8000

12000

3000

6500

9500

10000

11750

14000

20250

27250

1848

200

350

525

1000

9000

1917 (no eagle stars) 30

100

125

200

250

300

800

1848-O

100

300

375

975

15000

1917-D (no eagle stars) 30

125

200

250

325

400

1200

1849

100

225

475

925

1917-S (no eagle stars) 30

150

250

300

375

450

1400

1849-O

100

275

475

1000

22500

1917 (w/eagle stars)

100

150

200

325

700

225

375

700

850

1000

2000

25000

1917-D (w/eagle stars) 35

125

175

225

275

450

1500

1850-O

100

200

300

800

14000

1917-S (w/eagle stars) 35

125

175

200

375

450

1300

1851

350

500

1000

1500

1750

3250

14000

1918

125

250

800

1851-O

200

300

400

1000

15000

1918-D

150

200

300

450

1700

1852

500

750

1000

1250

1500

2500

9500

32000

1852-O

200

675

1000

1750

3750

30000

1853

125

300

575

1500

25000

95000

1916

1850

1918-S

100

275

300

1250

1919

125

175

300

650

1919-D

100

425

650

800

1000

1700

3400

1853-O

175

400

825

3000

50000

1919-S

100

275

500

575

725

1500

4000

1854

175

325

675

8750

55000

1920

150

300

600

1854-O

100

200

350

725

9250

55000

1920-D

125

175

225

350

800

2000

1855

200

350

700

12000

1920-S

150

250

700

2300

1855/4

150

300

500

600

2000

175

300

675

850

1150

1725

2200

3500

1855-O

175

350

700

8750

50000

1855-S

1921

500

700

2250

4500

7250

25000

65000

150000

1856

150

250

575

6500

650

1856-O

175

275

575

7750

375

650

1856-S

150

525

1000

2000

5250

300

1150

2000

1857

150

225

525

5500

150

300

600

1857-O

100

250

325

1250

18000

150

275

600

1857-S

150

500

1250

2000

5500

50000

100

125

175

250

500

1858

150

225

550

5750

100

225

350

900

2000

1858-O

175

225

550

9500

125

250

500

1858-S

175

375

500

1500

20000

1927-D

150

200

275

350

600

1859

175

275

550

5500

30000

1927-S

1923

100

150

275

600

250

400

1000

1600

2100

2750

3000

4600

1924

100

200

275

1924-D

125

200

250

300

1924-S

125

225

1925

1926

1926-D

1926-S

1927

1923-S

325

975

2750

4500

7000

11250

1859-O

150

250

550

7500

45000

1928

150

250

500

1859-S

150

300

400

1250

16000

75000

1928-D

150

250

525

1860

175

300

675

7250

60000

1928-S

150

250

500

1860-O

100

200

275

575

5750

1929

150

250

500

1860-S

125

250

375

1500

1929-D

150

250

500

1861

175

250

550

5250

30000 -

1929-S

150

250

500

1861-O

100

200

325

600

6250

1930

150

250

500

1861-S

125

275

400

1250

14000

1930-S

150

250

500

1862

150

250

425

700

7000

40000

42 www.coinagemag.com

100

150

AU50 350 350 300 575 625 525 650 4000 300 375 350 325 525 300 275 400 250 30000 475 225 5750 300 275 4750 450 325 12500 5000 450 3750 950 450 7750 775 200 600 225 200 525 225 200 525 225 250 6500 92500 750 750 700 925 850 825 825 875 1000 775 750 800

MS60 750 800 725 1000 1250 1000 1500 8500 675 775 900 1250 975 650 575 1250 650 95000 1000 625 20000 700 600 25000 1500 775 28000 12000 975 8500 2750 975 17250 2000 450 1750 425 450 1250 475 425 1000 500 525 12000 115000 950 1000 900 1000 1000 1000 975 1000 1250 925 1000 1000

MS65 12500 7000 18000 10000 16000 9000 95000 88000 7000 12500 10000 14000 6750 10500 8000 6500 6750 20000 5750 8000 6500 25000 7500 78000 18000 55000 52500 18000 95000 25000 4750 10000 4500 4500 7000 4500 4500 6250 4500 5000 72500 300000 4500 4500 4500 4750 4500 4500 5250 4500 5000 4250 4250 4500

MS67 30000 45000 85000 35000 200000 35000 32500 25000 22000 38000 125000 70000 18000 25000 16500 32000 15000 32000 15000 18000 16500 18000 16500 22500 20000 20000 20000 18000 15500 22500

200

300

600

4500

40000

The COINage Price Guide

1891

XF40 275 275 225 400 400 375 400 2500 250 250 300 250 325 225 175 250 200 15000 375 150 3500 150 175 2500 375 225 9500 3000 275 2500 575 275 5500 475 125 400 150 125 325 150 125 275 150 150 4000 87500 725 725 650 900 800 775 800 825 975 750 725 700

NOVEMBER 2017

1839-1891 Seated Liberty Half Dollars

G04 VG10 VF20 1862-S 40 65 100 1863 45 70 100 1863-S 40 60 100 1864 45 75 300 1864-S 45 100 225 1865 50 80 200 1865-S 45 75 200 1866-S (w/o motto) 525 850 1500 1866 (with motto) 30 55 100 1866-S (with motto) 35 55 100 1867 40 75 175 1867-S 35 55 100 1868 50 100 200 1868-S 35 55 100 1869 30 50 75 1869-S 35 55 100 1870 30 55 100 1870-CC 1750 3500 7000 1870-S 35 60 150 1871 30 50 75 1871-CC 475 775 1500 1871-S 30 50 75 1872 30 50 75 1872-CC 225 350 1250 1872-S 35 65 175 1873 (clsd 3) 40 65 125 1873 (open 3) 3250 4500 6750 1873-CC 400 625 1750 1873 (w/ arrows) 40 65 125 1873-CC (w/ arrows) 350 450 1250 1873-S (w/ arrows) 75 150 275 1874 40 75 125 1874-CC 1250 2000 3250 1874-S 50 75 250 1875 30 50 75 1875-CC 65 125 250 1875-S 30 50 75 1876 30 50 75 1876-CC 70 125 225 1876-S 30 50 75 1877 30 50 75 1877-CC 50 95 150 1877-S 20 35 75 1878 35 55 90 1878-CC 1000 1750 3000 1878-S 35000 45000 65000 1879 400 475 550 1880 350 425 550 1881 400 475 550 1882 450 525 700 1883 375 525 675 1884 475 600 650 1885 500 625 675 1886 525 625 700 1887 575 675 750 1888 400 475 600 1889 375 450 575 1890 375 475 550

1858-1891 Seated Liberty Half Dollars Proofs PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1858

1000

1250

2250

4750

8750

22000

40000

1859

725

825

1750

4000

7250

16000

30000

1860

700

800

1750

3500

7000

12500

35000

1861

675

800

2000

3500

7000

12500

35000

1862

675

800

2000

3500

7000

12750

25000

1863

675

775

1750

3500

7000

15000

25000

50000

Continued on next page

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

1864

675

750

2000

3500

7000

14000

1865

675

750

2000

3500

7000

18000

35000

1866 (w/motto) 650

725

1500

2250

4500

7500

14000

28000

1867

650

725

1500

2250

4500

8500

14500

1868

650

725

1500

2250

4750

7000

14250

50000

1869

675

750

1500

2250

4250

5750

14000

28500

1870

650

725

1500

2000

4750

6250

22000

1871

650

725

1500

2250

4500

6250

12500

30000

1872

675

750

1500

2250

4500

7000

1873 (clsd 3)

650

725

1500

2250

4500

8000

15000

The COINage Price Guide

NOVEMBER 2017

1858-1891 Seated Liberty Half Dollars Proofs

1873 (w/arrows) 1000

1250

2750

4250

12000

32500

52500

1874

1000

1250

2500

4500

12000

28000

40000

1875

575

675

1500

2000

4000

5750

14000

28000

1876

575

700

1500

2000

4000

7500

15000

1877

575

700

1500

2250

4250

9000

1878

575

675

1500

2000

3750

5500

14000

35000

1879

600

700

1500

2000

3750

5500

12500

38000

1880

575

675

1500

2250

3750

5500

25000

1881

575

675

1500

2000

3750

5500

12000

1882

575

700

1500

2250

3750

5500

12000

18000

1883

575

675

1500

2000

3750

5500

12000

30000

1884

575

675

1500

2000

3750

5500

12500

42500

1885

575

700

1500

2000

3750

5500

15000

32500

1886

575

675

1500

2000

4000

5500

14000

28000

1887

575

675

1500

2000

4000

5500

14500

1888

575

675

1500

2000

3750

5500

12750

28000

1889

575

700

1500

2000

3750

5500

14500

1890

575

675

1500

2000

4000

5500

12250

28000

1891

575

675

1500

2000

3750

5500

12250

G04

VG10

VF20

XF40

AU50

MS60

MS65

MS67

125

225

375

525

3250

18500

450

625

725

775

1250

5500

28000

10000 14000

18000

20000

28000

100000

1892-1915 Barber Half Dollars 1892 1892-O

300

1892 (micro o) 5500 1892-S

225

400

600

750

825

1250

5250

25000

1893

150

275

375

575

4500

22000

1893-O

100

250

400

475

700

8500

1893-S 1894 1894-O 1894-S 1895 1895-O 1895-S 1896 1896-O 1896-S 1897 1897-O 1897-S 1898 1898-O 1898-S 1899 1899-O 1899-S 1900 1900-O 1900-S 1901 1901-O 1901-S 1902 1902-O 1902-S 1903 1903-O 1903-S 1904 1904-O 1904-S 1905 1905-O 1905-S 1906 1906-D 1906-O 1906-S 1907 1907-D 1907-O 1907-S 1908 1908-D 1908-O 1908-S 1909 1909-O 1909-S

G04 175 35 25 25 25 30 35 25 50 125 25 150 150 20 40 30 18 25 25 18 25 20 15 25 40 15 20 20 18 20 20 15 25 50 25 30 20 18 18 20 18 15 18 18 30 15 18 18 30 15 20 18

1892-1915 Barber Half Dollars

VG10 300 75 50 50 50 75 100 50 125 225 50 275 250 35 125 75 30 50 50 25 50 35 30 50 125 30 50 50 30 40 40 30 50 200 50 75 50 30 30 40 40 25 30 30 50 25 30 30 50 30 50 30

VF20 775 225 225 150 175 225 275 175 500 475 125 875 650 125 500 175 125 175 150 100 175 125 100 250 450 100 150 200 100 175 150 100 325 1250 200 250 175 100 100 125 150 100 100 100 225 100 100 100 175 100 200 125

XF40 1000 300 375 300 275 350 375 325 1250 1000 250 1250 1000 250 750 450 225 325 300 225 375 225 225 525 1000 225 375 425 225 350 300 225 550 3250 300 425 350 225 225 225 275 225 225 250 650 200 225 225 425 200 450 300

AU50 1500 375 475 425 400 500 450 425 1500 1250 400 1500 1250 400 900 475 375 450 425 375 525 375 375 725 1500 375 450 525 375 425 450 375 675 5250 425 500 400 375 375 400 425 375 375 375 925 375 375 400 525 375 700 450

MS60 2250 575 725 725 650 800 725 700 4000 2250 575 2500 2500 625 1250 1250 575 750 800 525 975 700 600 1500 2750 600 875 975 625 775 900 600 1500 12000 675 900 725 550 575 650 650 525 575 600 1750 525 550 575 1000 525 1250 750

MS65 22500 3750 6500 9250 4000 7500 7750 5000 25000 10000 3500 9500 8250 3750 9000 12000 3750 8000 6250 3750 15000 8750 4250 15000 18000 4000 9500 8750 9000 8000 5750 5000 14000 50000 6000 4750 8500 3250 3500 6250 5250 3250 3250 3250 12250 3500 3250 3250 6000 3250 5250 4250

Gary Parietti A.N.A. LM5705 P.O. Box 42, Bedford Hills, N.Y. 10507-0042 Ph: (914)242-6090 Fax: (914)242-6091

LINUMIS.COM

U.S. & Foreign Coins Stamps • Paper Money Bought • Sold • Traded Investment Portfolios Estate Appraisals Jewelry & Diamonds Scrap Silver & Gold • Rare Firearms Autographs & Antiques Real Estate Trades *FREE* Full Inventory, Paper Money or Rare Coin Price List Available on Request Please Write, Call or Email. email: garyparietti@aol.com

44 www.coinagemag.com

WWW.ESTATEWHOLESALER.COM

FREE PRICE LIST

of Spanish Empire and Colonies including Cobs, Gold and Silver Coins of Mexico and the Philippines M & R Coins

P.O. Box 6, Dept C:A Palos Heights, IL 60463-0006 (708) 361-9523

MS67 38000 40000 35000 25000 48000 48000 30000 75000 58000 30000 45000 38000 58000 50000 32000 32000 18000 28000 32500 28000 42000 25000 30000 28000 42000 25000 160000 20000 25000 25000 18000 28000 30000 20000 20000 25000 32000 18000 15000 18000 18500 25000 15000

VF20 225 125 100 125 125 100 100 125 500 125 150 625 125 400 100

XF40 375 250 200 225 250 200 225 300 850 300 350 950 275 675 200

AU50 500 425 375 375 425 375 375 400 1000 400 475 1250 400 900 375

MS60 775 825 525 575 725 525 550 725 1500 625 900 2250 775 1500 525

MS65 3750 6500 3250 3250 5500 3500 3250 4500 5500 4500 4500 9750 4500 7000 3250

MS67 20000 18000 18000 22500 18000 40000 15000

1915-S

125

225

400

575

3250

18000

1892-1915 Barber Half Dollars Proofs

1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914

PR60 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600

PR61 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 675 700

PR63 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250 1250

PR64 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000

PR65 3750 3750 3750 3750 3750 3750 3750 3750 3750 3750 3750 3500 3500 3500 3500 3500 3500 3500 3500 3750 3750 3750 4250

PR66 5250 5250 5250 5250 5250 5250 5250 5250 5250 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 5250 5250 6250

PR67 8750 8750 9000 9000 9500 9500 8750 9000 9000 8750 8750 8750 8750 8750 8750 8750 8750 8750 9250 9500 9500 8750 10000

PR68 16000 22500 23000 20000 20000 18500 18000 20000 18000 18000 20000 16000 20000 20000 20000 20000 16000 16000 20500 18000 20000 16000 22000

1915

500

600

1250

2250

4500

6500

10000

22000

1916-1947 Walking Liberty Half Dollars VG10

VF20

XF40

AU50

MS60

MS63

MS65

MS67

150

250

300

400

625

2250

20000

1916-D

150

250

300

400

750

2500

17500

1916-S

175

500

700

875

1500

2500

7000

45000

150

225

1250

18750

1917-D (obv mark) 50

175

275

400

700

1500

8250

1917-D (rev mark) 25

125

200

350

1000

2500

15000

55000

1917-S (obv mark) 75

1916

1917

400

600

1000

2500

5000

22500

150000

1917-S (rev mark)

200

575

2000

14500

45000

1918

175

275

575

1250

4000

1918-D

125

300

550

1500

3250

25000

1918-S

100

225

600

2000

18000

1919

300

600

925

1750

3750

8500

35000

1919-D

400

1000

2000

6250

15000

150000

1919-S

300

1000

1500

3000

9000

1920

100

150

400

700

4500

1920-D

225

400

750

2750

5250

15000

1920-S

125

225

500

1000

3000

17750

1921

175

750

1500

2750

4000

7000

17750

1921-D

200

1000

2500

4000

5500

10500

40000

1921-S

125

1000

2750

7000

10000

17250

100000

1923-S

100

500

800

1750

3500

1927-S

200

400

1250

2000

8500

1928-S

200

400

1250

2500

9750

1929-D

100

200

400

700

3250

1929-S

100

200

500

1000

3250

1933-S

250

600

1100

3750

1934

100

525

1934-D

175

225

1500

1934-S

300

800

3600

1935

325

1935-D

150

300

2250

1935-S

100

250

400

2750

1936

250

1936-D

110

575

1936-S

150

225

1250

1937

250

1937-D

150

275

800

www.simmonsscientificproducts.com

Free Price List of German States, Empire and 3rd Reich Paper Money and Notgeld M & R Coins P.O. Box 6, Dept CA Palos Heights, IL 60463 (708) 361-9523

Continued on next page

The COINage Price Guide

1910 1910-S 1911 1911-D 1911-S 1912 1912-D 1912-S 1913 1913-D 1913-S 1914 1914-S 1915 1915-D

VG10 50 40 25 30 40 30 30 30 125 40 60 325 40 175 30

NOVEMBER 2017

1892-1915 Barber Half Dollars

G04 25 20 15 18 20 15 15 18 75 20 35 150 20 100 18

NOVEMBER 2017

The COINage Price Guide

1916-1947 Walking Liberty Half Dollars

1937-S 1938 1938-D 1939 1939-D 1939-S 1940 1940-S 1941 1941-D 1941-S 1942 1942-D 1942-S 1943 1943-D 1943-S 1944 1944-D 1944-S 1945 1945-D 1945-S 1946 1946-D 1946-S 1947

VG10 15 15 75 15 15 15 -

VF20 20 20 125 20 20 20 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15

XF40 25 25 150 25 25 25 18 18 18 18 15 18 18 18 18 18 18 18 18 18 18 18 18 18 15 18 18

AU50 60 40 200 30 30 50 20 20 20 20 25 20 20 20 20 20 20 20 20 20 20 20 20 20 25 20 20

MS60 125 80 500 40 40 150 40 40 40 40 80 35 35 35 35 40 35 35 35 35 35 35 35 35 35 35 35

MS63 200 150 600 75 75 200 50 75 50 70 150 50 75 75 50 70 70 50 50 70 50 50 50 50 70 70 75

MS65 700 450 1500 175 175 350 175 350 150 150 900 150 250 450 150 225 300 150 150 450 140 140 140 140 140 140 175

MS67 -

1947-D

150

1795-1803 Draped Bust Dollars G04

VG10

VF20

XF40

AU50

AU55

MS63

MS65

1500

2500

5000

10250

15000

22500

250000

450000

1796 (sm dt, sm let) 1500

3000

5250

10250

14500

22500

550000

1200000

1796 (lg dt, sm let) 1500

3000

5250

10250

14500

22500

550000

1200000

1796 (sm dt, lg let) 1500

3000

5250

10250

14500

22500

550000

1200000

1795

1797(9x7, sm) 1750

3250

7750

15750

30750

50000

1797(9x7, lg)

1750

2500

5750

10250

14500

30000

1797(10x6)

1500

3000

4750

9500

14000

25000

275000

1798 (13 strs, sm egl) 1500

2500

7250

14500

25000

40000

105000

125000

1798 (15 strs, sm egl) 1500

3000

7750

15000

22500

40000

105000

125000

1798(heraldic, k9)

875

1250

2750

4500

8250

12000

1798(heraldic, k9, a10)875

1250

2750

4500

8250

12000

1798(heraldic, p9,a) 875

1250

2750

4500

8250

12000

1798(heraldic, p9,b) 875

1250

2750

4500

8250

12000

1799/8 (13 stars)

875

1250

2750

4500

8250

12000

1799/8 (15 stars)

875

1250

2750

4500

8250

12000

1799 (odd dt, 13 str) 875

1250

2750

4500

8250

12000

1799 (odd dt, 15 str) 875

1250

2750

4500

8250

12000

1799 (normal dt)

875

1250

2750

4500

8250

12000

100000

475000

1800

875

1250

2500

4500

8250

12000

1800 (wide dt)

875

1250

2500

4500

8250

12000

1800 AMERICAI 875

1250

2500

4500

8250

12000

1800 AMERICAI

1936-1942 Walking Liberty Half Dollars Proofs

875

1250

2500

4500

8250

12000

PR60

PR61

PR63

PR64

PR65

PR66

PR67

PR68

(wide dt)

1800 (12 arrows) 875

1250

2500

4500

8250

12000

1936

1000

1750

2500

2750

3500

5000

15000

90000

1800 (dotted date) 1000

1750

2800

4750

1937

425

450

650

775

950

1250

2000

18000

1801

875

1250

2500

4750

8250

15000

1938

400

425

525

650

825

1000

1500

12000

1802 (closed)

875

1250

2500

4750

7750

15000

1802 (wide)

925

1500

2750

4750

9500

15000

1802/1 (narrow date) 975

1500

2500

4750

8750

15000

1802/1 (wide date)

975

1500

2750

5500

10750

15000

1939

350

375

475

600

750

825

1250

6750

1940

300

325

450

550

625

725

1000

4500

1941

250

300

425

475

625

700

1000

6500

1803 (lg 3)

975

1500

2750

4750

8750

12000

1942

250

300

425

500

625

700

1000

5250

1803 (sm 3)

975

1500

2750

4750

8750

12000

ONLY

$4.00 Limit One

Send $4.00 and get one old U.S. BarBer QUarter minted before 1917. FULL DATE AG or Better. Dates and grades our choice.

www.TomCederlind.com

We will ALSO send better U.S. coins for you to examine for 15 days. Return any you do not wish to purchase. Send name, address and $4.00 to:

PaLisades iNterNatiONaL CO. P.O. Box 326, Succasunna, NJ 07876 Name �� Address �� City�� State��Zip ��

46 www.coinagemag.com

Free Price List oF PhiLiPPine coins & PaPer Money Under spain and the U.s. M & r Coins P.O. Box 6 Palos Heights, IL 60463-0006 (708) 361-9523

1840-1873 Seated Liberty Dollars VF20 450 425 400 400 400 425 425 425 425 675 425 1000 725 15000 12500 625 2750 2250 725 725 500 425 825 500 425 1250 1250 1250 675 625 525 500 525 525 425 2250 425 7000 400 4750 925 425 18000

XF40 725 675 575 575 775 775 625 775 575 1000 675 1750 1500 20000 17000 1000 3750 3750 1500 1500 725 575 1750 625 575 1500 1500 1500 1000 1500 825 825 825 825 575 4000 575 15000 575 8250 2000 575 27250

AU50 1250 975 925 925 1500 1750 1000 1500 975 1750 1000 2750 3250 27250 26750 1500 5250 4750 3250 2750 1500 925 3250 925 875 3750 4250 2000 1750 2250 1250 1250 1250 1250 1000 7750 1000 25000 1000 14500 3250 1000 40000

MS60 4250 2500 2250 2500 4750 8750 2500 7000 2750 4500 2500 6750 13000 40000 40000 3250 8750 7250 4750 4250 2750 2250 12250 2250 2000 4750 5250 3250 3250 3750 2250 2500 2250 2250 2000 25000 2000 75000 2250 27250 12000 2250 112000

MS63 8750 5000 5000 5000 9500 17500 5000 14500 5000 9000 5000 13500 25000 80000 75000 6250 17500 14500 9500 8750 7250 5000 27250 5000 3750 7250 7250 6750 8250 9500 5250 5750 5250 5250 4500 40000 4500 175000 4750 95000 35000 4750 175000

1840-1873 Seated Liberty Dollars Proofs PR60

PR62

PR63

PR64

PR65

PR66

13750 22000

30000

47500

75000

70000

95000

175500

18500

22500 30000

55000

65000

90000

25000 32500

47500

65000

90000

150000

200000

14000

17500 30000

37500

47500

75000

135000

200000

12500

15000 20000

30000

47500

150000

175000

1847

13750

18000 20000

25000

35000

65000

1848

13750

18000 22500

32000

42500

70000

115000

150000

1849

18500

22500 25000

40000

50000

90000

125000

175000

1850

13500

14500 20000

30000

35000

67500

80000

1851 restrike 22500

25000 28000

35000

48000

70000

140000

1852

30000

32000 38000

42500

50000

80000

1852 restrike 28000

30000 35000

40000

55000

90000

1853

25000

32500 40000

52500

70000

130000

1854

12500

14000 16500

20000

25000

55000

65000

1855

10000

12000 13000

18000

25000

50000

62500

1856

6250

7750

9000

12750

22000

40000

1857

5000

6750

7750

12250

17500

35000

52500

1858

10250

10500 12500

16000

25000

42500

52500

1859

2750

3000

3500

5000

7500

20000

37250

65000

1860

2500

2750

3500

4750

7000

15500

32250

65000

1861

2500

2750

3500

5250

7000

16500

35000

78000

1862

2500

2750

3250

4750

7250

16750

32500

65000

1863

2250

2500

3500

5000

7000

18000

32000

62500

1864

2500

3000

3750

5250

7500

18000

32750

57500

1865

2250

3000

3500

5000

7250

17250

27500

55000

1866

2250

2500

3000

4000

6750

15000

25750

48000

1867

2250

2500

3000

4000

6500

15000

28000

48000

1868

2250

2500

3250

4000

7000

15000

27500

45000

1869

2250

2750

3000

4000

6750

15500

28500

48000

1870

2000

2500

3000

4250

6500

15500

30000

50000

1871

2000

2500

3250

4250

6750

15000

26750

48250

1872

2250

2500

3250

4250

7000

14500

28000

50000

1873

2250

2500

3250

4250

7000

15000

30000

1840

12000

1841

1842 1843 1844

1845 1846

PR61 -

PR67

Ancient Greek & Roman Specialists in British 40 years providing quality & value

www.davcoin.com

Approval Special Only $14.00 1-Liberty Nickel 1-Barber Dime 1-Mercury Dime

Online auctions/Print catalogs (just ask!) info@davcoin.com・(320) 685-3835 PO Box 323・Cold Spring MN 56320

1-Buffalo Nickel 1-Indian Cent 1-1909 Cent

We Also Send You Other U.S. Coins On Approval To Pay For or Return in 15 Days. Send Check or Money Order For $14.00 To: CHESTNUT COINS PO Box 91, Bluford, IL 62814

FREE PRICE LIST OF ENGLISH COINS M&R COINS

P.O. Box 6 Palos Heights, IL 60463-0006 (708) 361-9523

Continued on next page

The COINage Price Guide

VG10 F15 375 425 325 375 300 350 300 350 300 350 350 400 325 375 325 400 325 375 425 550 325 375 625 850 400 550 8500 12500 7000 10000 400 525 2000 2500 1500 2000 475 600 475 600 375 475 300 375 475 675 350 450 300 375 925 1000 850 1000 850 1000 450 550 425 550 350 450 325 450 350 450 350 450 300 375 1000 1750 300 375 3750 5500 300 350 3500 4500 550 775 375 400 8250 15000

NOVEMBER 2017

1840 1841 1842 1843 1844 1845 1846 1846-O 1847 1848 1849 1850 1850-O 1851 1852 1853 1854 1855 1856 1857 1859 1859-O 1859-S 1860 1860-O 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1870-CC 1871 1871-CC 1872 1872-CC 1872-S 1873 1873-CC

G04 300 275 175 175 175 275 250 250 250 325 250 425 300 4750 4250 300 975 975 375 350 275 250 325 225 275 650 550 725 375 350 225 225 225 225 225 675 250 2500 250 1500 375 325 4750

NOVEMBER 2017

The COINage Price Guide

1873-1878 Trade Dollars

VG10 150 375 150 150 300 150 375 325 150 375 150 400 150 150 400 150 700

VF20 225 800 200 200 525 200 475 500 200 600 200 625 200 200 675 200 2000

XF40 325 1500 300 300 775 300 850 650 300 1000 300 800 300 300 1000 275 4250

AU50 375 2750 450 400 900 375 1000 875 350 1750 350 1500 350 375 1250 375 5750

MS60 1000 8250 1250 1000 3250 1000 2500 2500 1000 4250 1000 7500 1000 1000 3250 1000 18000

MS63 3500 25750 4000 2750 7250 2750 6250 5250 2500 20000 2500 25000 2500 2500 12000 2500 36250

MS65 14000 180000 22250 18000 42000 20000 25000 40000 12250 75000 12000 82500 15000 22250 85000 14000 150000

MS67 68000 70000 72500 75000 68000 -

150

200

275

375

1000

2500

15000

68000

PR60

PR61

PR63

PR64

PR65

1873

2000

2250

3750

5750

15000

PR66

PR67

PR68

35000

1874

1750

2250

3500

4750

12500

25000

38000

1875

1750

2250

3500

4750

12750

22500

38000

1876

1750

2250

3500

4750

12000

20000

1877

1750

2250

3500

5250

12000

18500

32000

1878

2000

2250

3500

5000

12000

20000

30000

1879

2000

2250

3500

4750

10000

14000

28000

45000

1880

2000

2250

3500

4750

10000

14000

28000

48000

1881

2000

2250

3500

4750

10000

14000

28000

48000

1882

2000

2250

3500

4750

10000

14000

32000

48000

1883

2000

2250

3500

4750

10000

14000

30000

48000

1873 1873-CC 1873-S 1874 1874-CC 1874-S 1875 1875-CC 1875-S 1875-S/CC 1876 1876-CC 1876-S 1877 1877-CC 1877-S 1878 -CC 1878-S

1873-1883 Trade Dollars Proofs

VG10 1878 (8 feathers) 45 1878 (7 feathers) 45 1878 (7/8 feathers) 45 1878-S 25 1878-CC 100 1879 25 1879-O 25 1879-S 25 1879-S (rev of 1878) 25 1879-CC 160 1879-CC/CC 160 1880 25 1880-O 25 1880-S 25 1880-CC (80/79) 650 1880-CC (8/7) 600 1881 35 1881-O 1881-S 35 1881-CC 385 1882 35 1882-O 35 1882-O/S 675 1882-S 35 1882-CC 105 1883 35 1883-O 35 1883-S 35 1883-CC 105 1884 35 1884-O 1884-S 35 1884-CC 150 1885 35 1885-O 1885-S 35 1885-CC 625 1886 30 1886-O 40 1886-S 60 1887 35 1887-O 35 1887-S 35

1878-1921 Morgan Dollars

VF20 50 50 50 30 125 30 30 30 30 300 300 30 30 30 725 675 415 750 110 40 108 40 160 50 660 45 90 -

XF40 55 55 55 40 150 40 40 40 40 800 600 35 35 35 825 775 40 40 40 435 40 40 850 40 125 55 125 50 165 40 65 665 35 50 125 40 40

AU50 75 60 80 45 175 45 50 50 80 2250 2000 40 40 40 875 825 450 900 155 40 40 100 130 40 40 300 190 40 105 670 40 80 155 40 45 45

AU55 100 70 100 50 225 50 70 55 125 3000 2500 45 45 45 925 875 45 45 45 475 45 45 950 45 175 45 45 130 155 45 45 300 200 45 45 115 675 45 500 250 45 60 80

MS60 150 80 125 60 300 60 100 60 200 4000 4000 55 75 55 975 925 55 55 55 535 55 55 1000 55 220 50 50 715 220 50 50 9100 220 50 50 265 835 50 1000 365 50 70 145

MS63 300 125 300 80 500 80 225 100 600 8000 7500 75 450 70 1500 1000 85 80 75 685 80 80 1750 80 310 75 70 2875 265 85 80 38000 265 80 70 365 935 70 3475 585 70 250 450

ONLY

$4.00 Limit One Send $4.00 and get one old U.S. Standing Liberty Quarter minted before 1931. AG or Better. We will ALSO send better U.S. coins for you to examine for 15 days. Return any you do not wish to purchase. PaLisades P.O. Box 326, Succasunna, NJ 07876 Name �� Address �� City�� State��Zip ��

48 www.coinagemag.com

Buying & Selling World Coins, Tokens, Medals, Paper Money

introductory Offers 1. 100 different coins, ancient to modern . . . . . $25.00 2. 25 different banknotes . . . . . . . . . . . . . . . . . . . $10.00 3. BUY or BID sales list . . . . . . . . . . . . . . . . . . . . . FREE BOB REIS “AnYThIng AnYWhERE” P.O. Box 26303, Raleigh, nC 27611 (919) 787-0881 e-mail: reisbiz@earthlink.net

www.anythinganywhere.com

MS65 1800 125 3000 400 1750 800 4000 400 6000 800 31750 200 4000 2800 800 1550 200 950 625 1725 200 525 275 225 56000 625 375 200 265000 525 200 200 2000 1250 175 185000 3500 175 2500 2500

XF40 210 40 40 85 3400 40 40 145 40 40 40 145 55 40 335 515 300 550 9000 1500 1800 100 155 565 1400 50 235 40 50 40 40 40 55 225 60 40 40 100 55 110 50 40 210 55

AU50 40 40 350 45 45 120 7450 40 55 45 215 45 45 45 210 95 75 1850 775 435 950 24000 2725 1975 285 500 1250 1975 45 165 875 45 105 45 110 250 155 185 85 375 40 210 45 300 60

AU55 45 45 450 50 125 225 13000 45 60 55 350 60 100 65 300 150 150 13000 1100 550 1500 50000 3500 2500 500 750 7500 3000 50 800 1000 50 600 50 45 45 200 275 45 250 45 45 200 250 1000 45 350 55 45 350 65

MS60 50 55 575 55 200 285 26500 55 80 70 485 70 195 70 425 325 325 46500 1500 800 3600 110000 4975 4125 1150 950 16000 4425 55 1800 1975 55 950 80 55 50 270 300 50 450 55 55 310 350 2625 50 550 65 50 415 70

1878-1921 Morgan Dollars MS63 70 75 975 70 600 500 48250 75 115 100 900 210 375 155 775 550 450 69000 2200 1300 7250 215000 7150 5950 4225 1275 58000 6825 75 9000 4050 70 4800 150 75 70 515 325 80 535 75 75 835 425 18000 80 885 135 70 675 100

MS65 250 650 3500 400 8000 2200 350000 2750 2925 1400 5800 9400 9650 1975 5625 5950 8500 215000 9750 9600 200000 775000 73000 44500 71000 7350 160000 28750 275 175000 19750 375 72500 675 275 200 2700 1250 200 2425 200 200 1825 1900 525000 200 3400 535 200 3225 350

1903-O 1903-S 1904 1904-O 1904-S 1921 1921-D

VG10 335 100 35 45 30 30

VF20 385 215 40 85 35 35

XF40 400 400 40 215 40 40

AU50 415 1850 45 45 600 -

AU55 425 3000 50 50 1000 45 45

MS60 475 4250 100 55 1725 50 50

MS63 500 6775 275 70 5025 65 80

MS65 665 12250 2925 200 12000 200 425

1921-S

1000

1750

1878-1904 Morgan Dollars Proofs PR60

PR61

PR62

PR63

1878 (8 feathers)

2500

2750

3000

3250

1878 (7 feathers)

2500

2750

3000

3250

1879

2000

2250

2500

2750

1880

2000

2250

2500

2750

1881

2000

2250

2500

2750

1882

2000

2250

2500

2750

1883

2000

2250

2500

2750

1884

2000

2250

2500

2750

1885

2000

2250

2500

2750

1886

2000

2250

2500

2750

1887

3000

3250

3500

3750

1888

2000

2250

2500

2750

1889

2000

2250

2500

2750

1890

2000

2250

2500

2750

1891

2000

2250

2500

2750

1892

2000

2250

2500

2750

1893

2000

2250

2500

2750

1894

2500

2750

3000

3250

1895

35000

40000

45000

50000

1896

2000

2250

2500

2750

1897

2000

2250

2500

2750

1898

2000

2250

2500

2750

1899

2000

2250

2500

2750

1900

2000

2250

2500

2750

1901

2250

2500

2750

3000

1902

2000

2250

2500

2750

1903

2000

2250

2500

2750

1904

2000

2250

2500

2750

Continued on next page

The COINage Price Guide

1888 1888-O 1888-S 1889 1889-O 1889-S 1889-CC 1890 1890-O 1890-S 1890-CC 1891 1891-O 1891-S 1891-CC 1892 1892-O 1892-S 1892-CC 1893 1893-O 1893-S 1893-CC 1894 1894-O 1894-S 1895-O 1895-S 1896 1896-O 1896-S 1897 1897-O 1897-S 1898 1898-O 1898-S 1899 1899-O 1899-S 1900 1900-O 1900-O/CC 1900-S 1901 1901-O 1901-S 1902 1902-O 1902-S 1903

VF20 205 70 1400 110 110 50 145 310 250 360 6175 715 1675 55 105 475 950 40 40 60 40 50 200 40 50 60 50 55 40 40 155 50

NOVEMBER 2017

1878-1921 Morgan Dollars VG10 35 130 35 35 55 715 35 35 35 100 35 35 35 100 45 35 40 200 240 210 3225 275 1375 50 60 360 550 45 35 35 35 35 35 45 175 35 45 35 35 45 45 45 105 -

NOVEMBER 2017

1854-1889 Indian Head Gold Dollars 1857-S

1921-1935 Peace Dollars VF20

XF40

AU50

MS60

MS63

MS64

MS65

120

130

150

175

325

485

1050

2500

1922

175

1922-D

125

650

1922-S

275

2500

1923

125

1923-D

150

375

1250

1923-S

100

425

5000

1924

125

1924-S

250

525

1500

8000

1925

125

1925-S

100

250

1100

1926

150

500

1926-D

200

375

900

1926-S

125

300

1000

1927

200

525

1750

1927-D

200

400

1000

4750

1927-S

200

525

1200

9000

240

300

375

400

550

800

1200

4000

1928-S

200

500

1150

1934

120

225

400

750

The COINage Price Guide

VG10 1921

1928

1934-D

150

375

575

1750

1934-S

175

500

2000

3500

5000

8000

1935

125

250

725

1935-S

100

300

450

675

1500

1921-1922 Peace Dollars Proofs PR60

PR61

PR62

PR63

PR64

PR65

1921 (satin)

45000

50000

55000

60000

65000

70000

1921 (matte)

45000

50000

55000

60000

65000

70000

1922 (matte)

95000

100000

105000

110000

115000

120000

G04

VG10

F15

VF20

XF40

AU50

MS60

MS63

300

375

425

450

725

1250

5750

18000

1858

175

200

225

250

275

300

550

975

1858-D

500

800

1000

1500

2250

3500

8500

18000

1858-S

225

300

350

375

650

1250

5750

15000

1859

175

200

225

250

275

300

550

1000

1859-C

500

800

1000

1250

2000

3250

12000

30000

1859-D

500

800

1250

1500

2250

3250

8000

18000

1859-S

150

225

275

300

550

1250

5250

15000

1860

175

200

225

250

275

300

550

1250

1860-D

900

2000

2500

2750

4000

7250

18000

45000

1860-S

200

275

325

350

475

750

2250

5500

1861

175

200

225

250

275

300

550

975

12000 18000

20000

30000

40000

60000

100000

1861-D

8000

1862

175

200

225

250

275

300

550

975

1863

500

800

1000

1250

2000

3250

5500

9250

1864

325

400

450

475

825

1250

1750

3750

1865

250

400

500

550

875

1000

2000

3750

1866

175

250

300

400

475

725

1250

2000

1867

200

275

400

450

500

675

1250

2000

1868

125

200

250

275

425

500

975

2000

1869

200

275

325

350

450

675

1000

2250

1870

175

250

300

325

450

650

975

2000

1870-S

275

350

400

475

800

1250

2750

6500

1871

175

250

300

325

450

550

875

1750

1872

175

250

300

325

450

550

975

2250

1873 (clsd 3)

275

350

400

425

725

1000

1500

4250

1873 (open 3)

175

200

225

250

275

300

500

825

1874

175

200

225

250

275

300

500

825

1875

800

2000

2500

2750

4250

5250

8000

12000

1876

175

250

300

325

375

475

725

1250

1877

175

250

300

325

375

475

725

1250

1878

175

250

300

325

375

475

725

1250

1879

150

200

225

250

400

425

700

1250

1880

150

200

225

250

400

425

850

1500

1881

150

200

225

250

400

425

600

900

1882

150

200

225

250

400

425

600

950

1883

150

200

225

250

400

425

525

900

1884

150

200

225

250

400

425

550

900

1885

150

200

225

250

400

425

525

900

1887

150

200

225

250

400

425

525

800

1888

150

200

225

250

400

425

525

700

1889

150

200

225

250

400

425

525

675

1796-1808 Capped Bust Quarter Eagles Gold G04

1854-1889 Indian Head Gold Dollars G04

VG10

F15

VF20

XF40

AU50

MS60

MS63

1854

200

275

325

350

500

600

2000

7500

1855

200

275

325

350

500

600

2000

7500

1855-C

700

1000

1500

1750

3750

8250

25000

110000

1855-D

2500

4000

5000

5500

12000

20000

50000

1855-O

400

475

525

550

950

1500

1856-S

400

700

900

925

1500

1856 (up 5)

175

225

250

275

300

1856 (slant 5)

VF20

XF40

AU50

AU55

MS60

60000

85000

110000

150000

225000

1796 (w/stars) 15000

25000 40000

45000

65000

90000

125000

180000

1797

9000

15000 20000

1798

3500

25000

40000

70000

100000

145000

9750

15000

30000

45000

65000

90000

1804 (13 stars)15000 50000 100000

140000

180000

275000

8000

25000

1804 (14 stars) 3000

4500

7500

8500

12500

15000

20000

30000

2250

7500

30000

375

725

2250

1805

3000

4500

7500

8500

12500

15000

20000

30000

1806/4

3000

4500

7500

8500

12500

15000

20000

30000

1806/5

7000

10000 13500

15000

18000

40000

60000

90000

1807

3000

4500

7500

8500

12500

15000

20000

30000

1808

3000

4500

7500

8500

12500

15000

20000

30000

175

200

225

250

275

300

550

1000

2750

3250

3500

5500

7750

25000

80000

1857

175

200

225

250

275

300

550

1000

1857-C

500

800

1000

1250

1500

2750

12000

30000

1857-D

500

800

1000

1500

2250

3500

10000

25000

50 www.coinagemag.com

VG10

8750

2000

1856-D

F15

1796 (no stars)20000 35000 50000

6500

1814/3

1821-1834 Capped Head Quarter Eagles Gold F15

VF20

XF40

AU50

AU55

MS60

1821

2000

5000

7500

8500

12750

15000

20000

30000

1824/1

2000

5000

7500

8500

12750

15000

20000

30000

1826/5

5000

8000 10500

11500

15000

25000

45000

65000

1827

2000

5000

7500

8500

12750

15000

20000

30000

1829

1000

4000

6500

7250

8750

12000

15000

20000

1830

1000

4000

6500

7250

8750

12000

15000

20000

1831

1000

4000

6500

7250

8750

12000

15000

20000

1832

1000

4000

6500

7250

8750

12000

15000

20000

1834

3000

6000 12000

14000

18000

30000

50000

70000

1795-1812 Capped Bust Half Eagles Gold G04 9000 8000 9000

1795 (sm eagle) 1795 (heraldic) 1796/5 1797 (sm eagle, 15 stars) 15000 1797 (sm eagle, 16 stars) 10000 1797/5 (heraldic) 8000 1798 (sm 8) 1000 1798 (lg 8, 13 stars) 2000 1798 (lg 8, 14 stars) 2000 1799 2000 1800 2000 1802/1 2000 1803/2 2000 1804 (sm 8) 2000 1804 (lg 8) 2000 1805 2000 1806 (pt 6) 2000 1806 (rd 6) 2000 1807 2000 1807 (left bust) 1750 1808 1750 1808/7 1750 1809/8 1750 1810 (sm date, sm 5) 9000 1810 (sm date, lg 5) 1750 1810 (lg date, sm 5) 15000 1810 (lg date, lg 5) 1750 1811 (sm 5) 1750 1811 (lg 5) 1750 1812

VG10 15000 12000 15000

F15 20000 18000 20000

VF20 22250 20000 25000

XF40 30000 30000 40000

AU50 MS60 MS63 40000 65000 170000 50000 85000 165000 60000 100000 215000

32500

40000

60000

90000

240000

18000 12000 4000

30000 40000 20000 25000 6000 7000

50000 45000 12000

75000 215000 70000 185000 18000 35000

75000

3750

5000

5500

8500

3750 3500 3500 3500 3500 3500 3500 3500 3500 3500 3500 2500 2500 2500 2500 15000 2500 25000 2500 2500 2500

5000 4500 4500 4500 4500 4500 4500 4500 4500 4500 4500 3500 3500 4000 3500 30000 3500 35000 3500 3500 3500

6500 5250 5250 5250 5250 5250 5250 5250 5250 5250 5250 4250 4250 5000 4250 40000 4250 40000 4250 4250 4250

12000 7250 6500 6500 6500 6500 6500 6500 6500 6500 6500 5250 5250 6000 5250 50000 5250 70000 5250 5250 5250

2500

3500

4250

5250

1750

15000

50000

25000 110000 12000 25000 8000 15000 8000 15000 8000 15000 8000 18000 8000 18000 8000 15000 8000 15000 8000 15000 8000 15000 8250 12750 8250 12750 8500 15000 8250 12750 80000 170000 8250 15000 85000 165000 8250 12750 8250 12750 8250 12750

60000 30000 30000 30000 30000 30000 30000 30000 30000 30000 25000 25000 30000 25000 25000 25000 25000 25000

8250

12750

XF40

AU50

AU55

MS60

MS63

6000

7250

9500

15000

20000

50000

1815

20000 1000

4000

6000

7250

10000

15000

20000

1818 STATESOF (1 word) 1000

4000

6000

7250

10000

15000

20000

45000

1818 (5D/50)

4000

6000

7250

10500

15000

25000

50000 -

1819 (5D/50)

1000

75000 120000 165000 185000 275000 370000 540000 50000

9000

15000

30000

45000

60000

75000

90000

18000

25000

32500

45000

60000

75000

90000 140000

1820 (curve, sm letters) 1000

4000

6750

10500

12750

15000

18000

40000

1820 (curve, lg letters) 1000

4000

6500

8000

10000

15000

20000

40000

9000

12000

18000

30000

1820 (sq base, lg letters) 1000 1821

8000

4000

6500

7750

12000

30000

50000

60000 100000 145000 215000

1823

4000

7000

9250

14500

15000

20000

25000

1824

8000

12000

20000

30000

40000

50000

70000 125000

1825/1

8000

12000

20000

30000

40000

50000

70000 125000

1826

5000

8000

14000

18000

25000

30000

40000

70000

1827

10000

16000

20000

30000

35000

45000

60000

90000

50000

1828/7

15000

30000

60000 100000 125000 175000 250000 430000

1829 (lg date)

9000

15000

30000

1829 (sm date)

15000

30000

70000 140000 165000 200000 275000 460000

70000

90000 125000 180000 335000

1830 (sm 5D)

9000

15000

25000

35000

40000

50000

60000

90000

1830 (lg 5D)

9000

15000

25000

35000

40000

50000

60000

90000

1831 (sm 5D)

9000

15000

25000

35000

40000

50000

60000

90000

1831 (lg 5D)

9000

15000

25000

35000

40000

50000

60000

90000

1832 1833 (lg date)

160000 220000 275000 375000 525000 9000

15000

25000

35000

40000

50000

60000

90000

1833 (sm date)

9000

15000

25000

35000

40000

60000

90000 145000

1834 (plain 4)

9000

15000

25000

35000

40000

50000

60000

10000

18000

27500

37500

45000

65000

90000 120000

1834 (crosslet 4) 22250

VF20

4000

90000

1795-1804 Capped Bust Eagles Gold 1795 (13 leaves)

G04

VG10

VF20

XF40

AU50

AU55

12000

22500

30000

45000

50000

70000

MS60

MS63

100000 275000

1795 (9 leaves)

20000

35000

50000

75000

125000

175000

215000 450000

1796

15000 25000

40000

50000

60000

80000

125000 500000

1797 (sm eagle)

18000

30000

50000

60000

100000

125000

225000 600000

1797 (heraldic)

7000

10000

15000

18000

35000

45000

60000 125000

1798 (stars: 9 lt, 4 rt) 10000

18000

30000

40000

75000

100000

118000 275000

1798 (stars: 7 lt, 6 rt) 20000

250000 525000

35000

50000

80000

125000

175000

1799 (sm stars)

4000

7000

12000

15000

18000

22500

30000

1799 (lg stars)

4000

7000

12000

15000

18000

22500

30000

60000

1800

4000

7000

12000

15000

20000

25000

30000

80000

1801

4000

7000

12000

15000

18000

22500

30000

60000

1803 (sm stars)

4000

7000

12000

15000

18000

22500

30000

60000

1803 (lg stars)

4000

7000

12000

15000

18000

22500

30000

60000

1804

9000 15000

25000

35000

50000

60000

80000 140000

60000

25000

1907-1933 Indian Head Eagles Gold G04

1813-1834 Capped Head Half Eagles Gold 1813

G04

VG10

VF20

XF40

AU50

AU55

MS60

MS63

1000

4000

5500

6750

9000

10000

12000

20000

VG10

F15

VF20

XF40

AU50

MS60

MS63

32500

50000

1907 (wired, w/periods) 8000

12000

15000

18000

20000

25000

1907 (rolled, w/periods) 20000

35000

45000

50000

55000

60000 100000 125000

Continued on next page

The COINage Price Guide

VG10

1818

1819

G04

G04 1000

NOVEMBER 2017

1813-1834 Capped Head Half Eagles Gold

1907-1932 Saint Gaudens Double Eagles Gold

VG10

F15

VF20

XF40

AU50

MS60

MS63

1907 (no periods) 800

875

925

950

975

1000

1250

3750

1908-D (w/motto)

1908 (no motto)

800

875

925

950

975

1000

1250

5000

1908-S

1908-D (no motto) 800

875

925

950

975

1000

1500

8000

1909

1908 (w/motto)

775

800

825

850

875

900

1000

1500

1909/8

1908-D (w/motto) 775

800

900

925

950

1000

1250

7500

1909-D

1908-S (w/motto) 750

850

900

1000

1250

1500

4000

12750

1909

750

825

875

900

950

1000

1250

1909-D

775

850

900

950

1000

1250

1909-S

750

825

875

900

950

1910

750

825

875

900

1910-D

750

825

875

900

1910-S

800

825

875

1911

750

825

1911-D

900

1911-S

VF20

XF40

AU50

MS60

MS63

MS65

MS67

1650

1700

1750

2250

6000

110000

3000

3750

5500

12000

26250

55000

185000

1650

1700

1750

3000

45000

1700

1875

1900

2500

5250

47250

1650

1825

3250

7500

46000

300000

1909-S

1650

1700

1750

2250

6500

66000

4000

1910

1650

1700

1750

2000

9500

1500

6500

1000

2000

7500

1910-D

1650

1700

1750

2000

4000

82000

950

975

1000

1500

1910-S

1650

1700

1750

2000

9500

67500

175000

950

975

1000

1500

1911

1650

1700

1750

2500

22500

185000

900

950

1000

1500

10000

1911-D

1650

1700

1750

2000

2750

58000

875

900

950

975

1000

1500

1911-S

1650

1700

1750

2000

5750

100000

950

1000

1250

2000

2500

10000

40000

1912

1650

1700

1750

2500

28000

800

850

900

950

1000

1250

3000

12750

1913

1650

1700

1750

2750

55000

1912

750

825

875

900

950

975

1000

1500

1913-D

1650

1750

2000

6500

1912-S

750

825

875

900

1000

1250

2000

10000

1913-S

1650

1750

2000

2250

5000

40000

1913

750

825

875

900

950

975

1000

1500

1914

1650

1700

1750

3500

25000

1913-S

800

850

900

1000

1250

1500

7500

35000

1914-D

1650

1700

1750

2000

3500

42500

1914

750

825

875

900

950

975

1000

2500

1914-S

1650

1700

1750

2000

2750

58000

1914-D

750

825

875

900

950

975

1000

2500

1915

1650

1700

1750

2500

30000

1914-S

800

900

950

1000

1100

1250

2000

8500

1915-S

1650

1700

1750

1875

3250

37500

1915

750

825

875

900

950

975

1000

2000

1916-S

1650

1700

1750

2000

3750

35000

1915-S

850

900

950

1000

1250

1500

5000

20000

1920

1650

1700

1750

2250

85000

825

850

900

1000

1250

2000

8000

9000 12000

15000

20000

30000

85000

125000

875

900

950

975

1000

1500

9000 10000

The COINage Price Guide

NOVEMBER 2017

1907-1933 Indian Head Eagles Gold G04

1916-S

800

1920-S

6000

1926

750

1930-S

6000

1932

750

1933

25000

825

12500

15000

25000

40000

50000

875

900

950

975

1000

1500

40000 50000

60000

100000

150000

200000

325000

825

1920-S

15000

22500 31000

52000

110000

300000

1921

30000

45000 58000

115000

200000

690000

1922

1650

1700

1750

2000

4750

1750

2000

2250

2500

5250

50000

1923

1650

1700

1750

1800

4750

1923-D

1650

1700

1750

1875

2500

16000

1924

1650

1700

1750

1850

2500

15000

95000

1924-D

1750

2500

2750

5250

8750

92500

1924-S

2250

2500

2750

4750

12500

215000

815000

1650

1700

1750

1850

2500

35000

1925-D

2500

3000

3750

5500

14000

110000

1925-S

2750

3500

5000

10500

18000

175000

375000

650000

1650

1700

1750

1850

2500

30000

12000 14000

18000

25000

220000

1922-S

1925

1926

1908-1915 Indian Head Eagles Gold Proofs PR60

PR61

PR62

PR63

1908

8000

10000

12000

15000

1909

8000

10000

12000

15000

1910

10000

12000

15000

18000

1911

8000

10000

12000

15000

1912

8000

10000

12000

15000

1913

8000

10000

12000

15000

1914

8000

10000

12000

15000

1915

10000

12000

15000

18000

1907 (high relief)

1926-D

8000

1926-S

2250

2500

3000

6000

30000

1927

1650

1700

1750

1850

2500

20000

1927-D

- 480000

650000 1550000 2000000 3250000

1927-S

7000

12000 15000 1650

27500

48000

185000

360000

1700

1750

1850

2500

15000

1928

1929

7500

12000 16000

22500

40000

92000

1930-S

20000

32500 52500

75000

125000

220000

1931

12000

17000 22500

37500

78000

115000

375000

1931-D

15000

18000 24000

38000

82000

138000

1932

14000

17500 22000

30000

75000

110000

1908-1915 Saint Gaudens Double Eagles Gold Proofs

1907-1932 Saint Gaudens Double Eagles Gold VF20

MS68

XF40

AU50

MS60

MS63

MS65

MS67

9250 11250

18000 38500

PR63

PR64

PR65

PR66

PR67

PR68

15000

PR60

16000 32000

48000

95500

118000

200000

285000

1908

15000

18500 35000

58000

110000

135000

235000

285000

1909

15000

18500 35000

56000

105000

128000

225000

280000

1910

15000

16000 32000

48000

100000

118000

190000

260000

MS68

PR61

12500

17500

25000

62500

1907 (roman #’s, wire) 9500

10000

12000

15000

20000

1907 (roman #’s, flat)

9500

10000

12000

15000

20000

1907 (arabic #’s)

2000

1911

15000

16000 32000

48000

98000

148000

265000

1908 (w/o motto)

1650

1700

1750

2000

2500

15000

30000

1912

15500

18500 35000

50000

100000

150000

265000

1908-D (w/o motto)

1650

1700

1750

2000

10500

1913

15500

18500 35000

53000

110000

160000

265000

1908 (w/motto)

1650

1700

1750

2500

17000

100000

1914

15500

20000 36500

57000

100000

160000

275000

52 www.coinagemag.com

PR67 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135

PR68 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150 150

PR69 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185 185

PR70 325 325 275 275 275 250 250 250 250 250 300 250 250 400 250 300 225 225 225 250 300 250 250 250 250 250

175

200

1988-2016 Gold Eagles $10 Quarter Ounce Proofs 1988-P 1989-P 1990-P 1991-P 1992-P 1993-P 1994-W 1995-W 1996-W 1997-W 1998-W 1999-W 2000-W 2001-W 2002-W 2003-W 2004-W 2005-W 2006-W 2007-W 2008-W 2010-W 2011-W 2012 2013 2014 2015 2016

PR67 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300

PR68 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325

PR69 475 475 475 450 475 500 475 475 475 475 450 500 500 500 450 425 475 475 450 450 475 475 450 450 450 450 400

PR70 650 675 700 600 700 825 650 650 725 725 650 750 725 775 750 600 625 625 550 550 675 575 600 575 600 575 500

375

400

1987-2016 Gold Eagles $25 Half Ounce Proofs 1987-P 1988-P 1989-P 1990-P 1991-P 1992-P 1993-P 1994-W 1995-W

PR66 575 575 575 575 575 575 575 575

PR67 625 625 625 625 625 625 625 625

PR68 700 700 1000 1000 700 700 750 700

PR69 950 975 1250 1250 950 975 1000 950

PR70 1500 1500 4750 5500 1500 1500 1500 1500

575

625

700

950

1250

1986-2016 Gold Eagles $25 Half Ounce Proofs 1996-W 1997-W 1998-W 1999-W 2000-W 2001-W 2002-W 2003-W 2004-W 2005-W 2006-W 2007-W 2008-W 2010-W 2011-W 2012-W 2013-W 2014-W 2015-W

PR66 575 575 575 575 575 575 575 575 575 575 575 575 575 575 575 575 575 575 575

PR67 625 625 625 625 625 625 625 625 625 625 625 625 625 625 625 625 625 625 600

PR68 700 700 700 700 700 700 700 700 700 700 700 700 700 700 700 700 700 700 650

PR69 875 900 875 875 900 875 875 875 875 875 875 875 875 875 875 875 875 950 750

PR70 1000 1500 1250 2250 1000 1000 1000 1000 1000 1000 1000 1000 1250 1000 1000 1000 1000 1000 900

2016-W

725

750

1986-2016 Gold Eagles $50 One Ounce Proofs PR68

PR69

PR70

1986-W

1500

1650

2250

1987-W

1500

1650

2400

1988-W

1500

1650

2400

1989-W

1500

1650

2450

1990-W

1500

1650

2500

1991-W

1500

1750

3500

1992-W

1500

1650

3000

1993-W

1500

1800

4100

1994-W

1500

1750

2500

1995-W

1500

1650

2500

1996-W

1500

1750

3000

1997-W

1500

1700

2500

1998-W

1500

1700

4000

1999-W

1500

1800

3500

2000-W

1500

1750

2500

2001-W

1500

1750

3600

2002-W

1500

1750

2500

2003-W

1500

1750

2400

2004-W

1500

1750

2400

2005-W

1500

1650

2000

2006-W

1700

1750

2000

Continued on next page

The COINage Price Guide

2016-W

1988-2016 Gold Eagles $5 Proofs

NOVEMBER 2017

1988-P 1989-P 1990-P 1991-P 1992-P 1993-P 1994-W 1995-W 1996-W 1997-W 1998-W 1999-W 2000-W 2001-W 2002-W 2003-W 2004-W 2005-W 2006-W 2007-W 2008-W 2010-W 2011-W 2012-W 2014-W 2015-W

PR66 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125 125

PR68 2500 1500 1600 1500 1500 1500 1500 1500 1500 -

2006-W (rev) 2007-W 2008-W 2010-W 2011-W 2012-W 2013-W 2014-W 2015-W 2016-W

The COINage Price Guide

NOVEMBER 2017

1986-2016 Gold Eagles $50 One Ounce Proofs

MS66 1986 25 1987 25 1988 25 1989 25 1990 25 1991 25 1992 25 1993 1994 35 1995 30 1996 35 1997 30 1998 30 1999 2000 2001 2002 2003 2004 2005 2006 2006-W (burn) 30 2007 2007-W (burn) 30 2008 2008-W (07 rev) 375 2008-W (burn) 2009 25 2010 25 2011 25 2012 30 2013 30 2014 2015 -

1986-S 1987-S 1988-S 1989-S 1990-S 1991-S 1992-S 1993-P 1994-P 1995-P 1995-W 1996-P

PR65 30 30 30 30 30 30 30 60 70 65 30

PR69 2750 1650 1750 1650 1650 1650 1650 1650 1650 1250

1986-2015 Silver Eagles MS67 30 30 30 30 30 30 30 30 40 35 40 35 35 30 30 30 30 30 30 30 30 35 30 35 30 400 35 30 30 30 35 35 -

MS68 35 35 35 35 35 35 35 35 45 40 65 35 35 35 35 35 35 35 35 35 35 40 35 40 35 425 40 35 35 35 40 40 40 40

MS69 90 65 75 75 80 60 80 60 100 100 150 85 70 60 55 55 50 50 50 50 50 65 45 50 50 500 50 45 45 45 50 45 50 50

1986-2015 Silver Eagles Proofs PR67 35 35 35 35 35 35 35 70 75 70 4000 35

54 www.coinagemag.com

PR68 40 40 40 40 40 40 40 75 80 75 4250 40

PR69 75 75 75 75 75 80 75 90 175 100 5500 75

PR70 4000 2000 2250 2100 2300 2000 2000 2000 1750 1500

MS70 1300 1600 2500 1500 5750 6000 1900 5500 6000 1250 12250 1250 1900 26000 8000 1400 325 275 275 300 125 250 125 85 90 1250 100 85 80 80 75 75 75 75

PR70 450 1000 650 400 300 550 450 2500 2250 425 35000 425

1997-P 1998-P 1999-P 2000-P 2001-W 2002-W 2003-W 2004-W 2005-W 2006-W 2007-W 2008-W 2010-W 2011-W 2012 2013 2014 2015

PR65 50 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30

1986-2015 Silver Eagles Proofs PR67 60 35 35 35 35 35 35 35 35 35 35 35 35 35 40 35 35 35

PR68 65 40 40 40 40 40 40 40 40 40 40 40 40 40 45 40 40 40

PR69 100 70 80 75 70 70 70 75 70 65 65 75 70 75 70 70 70 70

PR70 500 250 425 425 175 150 100 100 100 100 100 100 100 100 100 100 100 100

1997-2008 Platinum Eagles $10 MS68

MS69

MS70

1997

150

200

1250

1998

150

200

2500

1999

150

200

1500

2000

150

200

750

2001

150

200

400

2002

150

400

2003

150

200

575

2004

150

200

400

2005

150

200

275

2006

150

200

275

2006-W (burn)

150

350

550

2007

150

200

275

2007-W (burn)

150

225

375

2008

150

225

375

2008-W (burn)

250

325

450

1997-2008 Platinum Eagles $10 Proofs PR68

PR69

PR70

1997-W

175

225

500

1998-W

175

225

550

1999-W

175

225

350

2000-W

175

225

325

2001-W

175

225

400

2002-W

175

225

325

2003-W

175

225

375

2004-W

350

400

625

2005-W

175

225

550

2006-W

175

225

300

2007-W

200

225

325

2008-W

250

300

525

1997-2008 Platinum Eagles $25 Proofs 1997-W 1998-W 1999-W 2000-W 2001-W 2002-W 2003-W 2004-W 2005-W 2006-W 2007-W 2008-W

PR67 575 -

PR68 375 375 375 375 375 375 375 600 375 375 375 500

PR69 450 500 500 475 500 450 475 750 500 500 475 600

MS70 2500 2000 5500 1000 2250 650 600 525 550 550 950 525 625 525 1000

1997-2008 Platinum Eagles $50 Proofs PR68

PR69

1997-W

700

900

PR70 1250

1998-W

700

900

1000

1999-W

700

900

1000

2000-W

825

900

1000

2001-W

750

950

1250

2002-W

800

900

1000

2003-W

800

875

1000

2004-W

1000

1250

1500

2005-W

1000

1250

2006-W

700

800

1000

2007-W

700

800

1000

2008-W

1000

1250

2000

1997-2015 Platinum Eagles $100 PR70 575 600 525 525 575 525 575 1000 675 550 525 1000

1997

MS68

MS69

MS70

1500

2000

10500

1998

1500

1750

1999

1500

2000

1250

1500

2001

1250

1750

2002

1250

1750

7500

2003

1250

1750

5500

2004

1250

1750

2750

2005

1250

1750

2750

2006

1250

1500

2250

1500

2500

2006-W (burn) 2007 2007-W (burn)

1250

1500

2250

1500

2500

2008

1250

1500

2250

2008-W (burn)

1250

1500

2500

2014-W

1250

1500

2500

2015-W

1250

1500

1997-2015 Platinum Eagles $100 Proofs 1997-2008 Platinum Eagles $50

PR68

PR69

1997-W

1500

PR70 4000

1998-W

1500

1750

2500

MS67

MS68

MS69

MS70

1997

750

800

1000

4500

1998

700

725

950

12000

2001-W

1500

1750

3500

1999

700

750

1000

2002-W

1500

1750

2500

2000

700

925

2003-W

1500

1750

3500

2001

700

725

875

2004-W

2000

2250

3500

2002

700

850

1500

2003

700

800

2004

725

800

2005

725

800

1000

2009-W

2000

2250

2500

2006

700

775

1000

2010-W

1500

1750

2000

2006-W (burn)

775

850

1250

2007

725

775

2007-W (burn)

825

975

2008

700

2008-W (burn)

1250

1999-W

1500

1750

2750

2000-W

1500

1750

2500

2005-W

2000

2500

3250

1250

2006-W

1500

1750

2500

2007-W

1500

1750

2250

1250

2008-W

2000

2750

2011-W

1500

1750

2000

1000

2012-W

1500

1750

2250

2013-W

1500

1750

2500

1250

2014-W

1500

2250

775

1000

2015-W

1750

2000

1500

2000

The COINage Price Guide

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2006-W (burn) 2007 2007-W (burn) 2008 2008-W (burn)

MS69 550 425 500 425 425 425 425 425 425 425 625 425 450 425 575

NOVEMBER 2017

1997-2008 Platinum Eagles $25

MS68 375 375 375 375 375 375 375 375 375 375 475 375 375 375 475

1879

COIN CAPSULE by John Iddings

Silver and Gold Battle for Economic Dominance

The unusual $4 gold piece was a rather feeble attempt to solve a monetary crisis. 56

www.coinagemag.com

There are two varieties of 1879 Stellas: the Coiled Hair variety and the Flowing Hair design (pictured). While more than 400 examples of the 1879 Flowing Hair variety were made, both varieties are considered rare and valuable coins.

In the 1870s, there was a confusing political debate that would rage for three decades. One side advocated a national gold standard, while the other wanted a monetary system based on both gold and silver. So much silver had come out of the American West that the price of silver was falling relative to the price of gold. To make matters worse, the German empire adopted the gold standard and dumped 8,000 tons of silver onto the market. The Stella was supposedly an attempt to resolve the rivalry between gold and silver. The coin weighs 108 grains and is composed of 86 percent gold, 4 percent silver, and 10 percent copper. This mixture was called “metric gold”. The coin features a likeness of Liberty on the obverse and a five-pointed star on the reverse (“stella” is the Latin word for star). Mint Chief Engraver Charles E. Barber designed a Flowing Hair Liberty version, while assistant engraver George T. Morgan came up with a Coiled Hair Liberty design.

Although trial strikes were made in copper and aluminum, the metric gold Stellas are the best known. The pattern coins were struck and distributed to a handful of congressmen, but the enabling legislation was eventually killed. Of course, the congressmen kept the originals, and other congressmen demanded restrikes of the coins. It was rumored in subsequent years that Stellas were worn on necklaces by madams in the brothels frequented by politicians in Washington, D.C. Only a handful of the 1879 Flowing Hair Stellas were made, but about 500 restrikes were made the following year. The Coiled Hair Stellas are extremely rare, and only about 15 specimens survive. The 1879 Flowing Hair Stella is worth about $110,000 in Proof-60 and $215,000 in Proof-65. The 1879 Coiled Hair is worth about $400,000 in Proof-63 and $725,000 in Proof-65. COINage

HERITAGE AUCTIONS

frica’s greatest empire collapsed in a bloodbath, and neither side was spared. Meanwhile, whiz kid Tom Edison and other inventors were hard at work ushering in an age of electric power. Western mines were churning out silver by the ton, and getting rid of the stuff was becoming a problem. The result was a coin that was shunned by people of its day, but coveted by today’s collectors—the mighty Morgan dollar. The famous “Stella,” or $4 gold piece, was struck by the United States Mint for the first time. The year was 1879, and progress was being powered by electricity and capitalism.

scored a victory in the heart of Zululand. In late June, the British began a full-scale invasion of Zululand and on July 4, they captured the Zulu capital of Ulundi. The city was burned and King Cetshwayo fled. Cetshwayo was eventually captured and sent into exile at Cape Town. The British divided his country among 13 pro-British African chiefs. The war’s toll is estimated at 8,000 Zulus killed and more than 16,000 injured, versus some 2,000 deaths among the British and their allies.

The 1879 Indian cent is the first of the laterMore than 16.2 million 1879 Indian Head cents were made, and the coin can be bought in uncirculated grades for less than $150.

The 1879 Shield nickel is a major key of that series, with a tiny mintage of just 25,900. One story has it that these were produced only so parents could use them as Christmas stocking stuffers. The Mint made 3,200 proofs of the 1879 nickel—a large number for the time. Both the business-strike and proof versions are relatively expensive for today’s collectors, with those struck for circulation starting at around $500, even in the humble grade of Good-4. The proof 1879 nickels also trade at about $350 and up, and they come in several varieties, including a doubled date, a tripled date, and the 1879/8 overdate, which is extremely rare.

HERITAGE AUCTIONS

The Anglo-Zulu War of 1879 was one of the most dramatic in British and African history, and it inspired two modern feature films, “Zulu” and “Zulu Dawn”. The war was provoked by the ever-expanding British Empire, which by the 1870s was spreading throughout southern Africa. In December 1878, the British High Commissioner in South Africa, Sir Henry Bartle Frere, picked a quarrel with the Zulu king, Cetshwayo kaMpande, a distant relative of Shaka. The war began in January 1879, when three columns of British troops under the command of Lieutenant General Lord Chelmsford invaded Zululand. The British figured that conquest would be a piece of cake. It quickly became one of the worst military disasters of the Victorian era. On Jan. 22, troops under Chelmsford’s personal command were crushed by the Zulus at Isandlwana Mountain. The highly disciplined African warriors simply swarmed over their November 2017

enemy, and more than 1,300 British troops and their African allies were killed. The British, however, would have their day. On Jan. 23, a Zulu force of 4,000 surrounded a British border post at Rorke’s Drift, held by just 139 men, 35 of whom were incapacitated by injury or illness. After nearly 12 straight hours of ferocious fighting, the Zulus were driven off. The Zulus suffered 500 casualties, while the British endured 17 deaths and 19 injuries. Eleven of the defenders of Rorke’s Drift were awarded Britain’s highest military honor, the Victoria Cross. It was the largest number ever awarded to a single regiment for one battle. The war dragged on—but for modern military historians, Isandlwana and Rorke’s Drift are the battles that are remembered most. Having begun the Anglo-Zulu War, the British were determined to finish it. On March 29, the British won a bloody battle at Khambula—and less than a week later, they

date Indians, which tend to have higher mintages and lower prices. The mintage of the 1879 cent was more than 16 million, along with 3,200 proofs. A rare proof variety displays a doubled date, which is easiest to see on the numbers “8” and “9”. The regular 1879 Indian cent is easy to find, with prices of about $17 in Fine-12, $65 in Extremely Fine-40, and $220 in MS-63 RB (Red-Brown). Less affordable is the copper-nickel threecent piece of 1879, which starts at about $110 in Fine-12 and is worth $425 in MS-63. Those prices seem more reasonable, however, when one considers that the mintage was just 38,000. The three-cent piece’s primary purpose was to help retire the unpopular three-cent notes authorized by Congress in 1863. The notes were commonly known as “shinplasters” and were most useful in buying the first-class postage of the day. Fractional notes were unpopular, and many privately minted copper tokens even carried the legend “SUBSTITUTE FOR SHIN PLASTERS”.

Only 756,000 Morgan dollars were made at the Carson City Mint in 1879, making it among the scarcer of the “CC” Morgan silver dollars.

price shoots up to $7,200 or more. There is an 1879-CC “Large-Over-Small-CC” variety.

gasta, a port city then located in Bolivia. Peru refused to guarantee neutrality, the United States tried and failed to mediate the situation, and Chilean forces proceeded to occupy the entire Bolivian coast. When hostilities ended, Bolivia was landlocked—one of two South American countries (along with Paraguay) to hold that dubious distinction. Chile had been producing a regular coinage dominated by the silver peso, which was slightly smaller than the U.S. silver dollar. The mintage of Chilean pesos in 1879 was about 780,000. Bolivia also produced a crown-size coin similar to Chile’s peso, but it was called the boliviano. The legend on the reverse of most of the era’s bolivianos included the letters “GMS” (grams), but the 1879 boliviano was a one-year type coin with the letters “GS”.

Metropolitan Life Insurance Co. of New

Just 3,000 U.S. gold dollars were made in

York began offering small policies for wage earners in 1879. It was an idea that originated in Britain, where “industrial” or “workingmen’s” insurance programs were highly successful. Agents collected small weekly premiums in cash from workingclass clients. The company set out to hire British agents to train an American sales force. Before long, it attracted 554 English agents, who emigrated to the United States with their families. Within three years, Metropolitan Life had grown from three district offices to 50.

1879, along with 30 proofs. These coins were all made from a single set of dies and are scarce. Yet, the business strikes aren’t that expensive, with Extremely Fine-40 examples selling for about $300. Proof-63 specimens are worth about $5,800. The 1879 quarter eagle ($2½ gold piece) is considered common for the series, with 88,960 business strikes minted. XF specimens sell for a reasonable $300. Just 30 proofs were made, and only about 20 of those survive today. An 1879 quarter eagle in Proof-63 commands over $9,500. The 1879-S quarter eagle is the last coin of the denomination to be manufactured at the San Francisco Mint, and the mintage totaled

HERITAGE AUCTIONS

A mere 3,000 circulation-strike Indian Princess Head $3 gold coins were minted in 1879, along with just 30 proofs. The obverse portrait shows Miss Liberty wearing a feathered headdress.

Leadville, Colorado, became the world’s largest silver camp in 1879, with more than 30 producing mines and 10 large smelters. Leadville and other silver centers were pouring huge amounts of the white metal into the economy, and much of it was being converted to Morgan silver dollars, which weren’t particularly popular at the time. Politicians from the West pushed through a bill authorizing the new silver dollars in 1878. The bill, known as the Bland-Allison Act, required the United States Treasury to buy between $2 million and $4 million of silver from Western mines each month and coin it into silver dollars. The Morgan dollars of 1878 exhibit a wide selection of varieties, but the variations settled down in 1879. Still, the 14,806,000 Philadelphia dollars of 1879 include at least 11 minor varieties, most involving repunched dates. Some examples in MS-63 are worth about $125. The New Orleans Mint issued 2,887,000 dollars in 1879, including a very rare 1879-O “Triple O”. There are also “Tall-O” and “Medium-O” varieties. Though relatively common in lower grades, regular-issue 1879-O Morgan dollars are scarce in mint condition, bringing upwards of $275 in MS-63. The 1879-S silver dollar, of which 9,110,000 were minted, is extremely reasonable at just $60 in MS-63. If you find the scarce “Reverse of 1878” variety, it’s worth about $720 in the same grade. The 1879-CC had a relatively small mintage of 756,000 coins, and this is the most expensive silver dollar issue of the year. Extremely Fine-40 examples sell for about $950, and in MS-63 the 58

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The War of the Pacific began on Feb. 14, 1879, when Chilean troops occupied Antofa-

1879-dated Coronet Head $20 gold double eagles are marginally scarce coins. Only 207,600 were made at the Philadelphia Mint, 10,708 in Carson City, and a mere 2,325 in San Francisco, and even fewer survive due to melting and other forms of attrition.

COINage

CHARLES EDWIN FRIPP/PUBLIC DOMAIN

ver and gold coinage bearing the new ruler’s name. The coins are based on the denomination of the rupee and fractions thereof.

On Jan. 22, British troops were crushed by Zulu warriors in a battle at Isandlwana Mountain.

43,500. The coin is worth about $400 in XF grade, although strictly graded MS-65 examples are extremely rare. The 1879 “Indian Princess” design of the $3 gold piece doesn’t look much like a Native American woman, but rather a woman with European features wearing an feathered Indian headdress. The 1879 $3 piece had a mintage of just 3,000, along with 30 proofs. The business strike sells for about $1,100 in XF and $5,000 in MS-63. A Proof-63 example is worth some $16,000.

The politics of land ownership were becoming clear in 1879—at least to two influential thinkers in Europe and America. Irish nationalist Michael Davitt, 33, founded the Irish Land League to campaign for independence from Britain. Davitt had served time on treason charges at Dartmoor Prison. He had also met with U.S. economist Henry George, 40, during a visit to America. In 1879, George published his book Progress and Poverty, which noted that while America was becoming richer as a nation, most Americans were becoming poorer. Land values represented monopoly power to George, and his book argued that a “single tax” should be imposed on landowners that would provide all the revenue needed by government and would free industry from taxes. Meanwhile, an era of finance capitalism was beginning in the United States. In a prime example, San Francisco financial interests merged four California oil companies to create November 2017

the Pacific Coast Oil Co. Its entire production soon went to John D. Rockefeller’s Standard Oil Co. The capitalistic trend would lead to extreme riches for a few, but it also provoked wild speculation and occasional financial panics that affected all Americans.

Ismail Pasha, the Turkish viceroy of Egypt, was deposed by Ottoman Sultan Abdülhamid II on June 26 under pressure from European powers after 16 years of corruption. He was succeeded by his son Tewfik, 27, who would rule until his death in 1892. Ottoman Turkish rule of Egypt was casual and the coinage was very similar to Turkish coins, except for the presence of the Arabic word “Misr”, or “Egypt”, on the reverse. The denominations were the qirsh and para, and coins were produced in bronze, copper-nickel and silver. The Afghan Emir, Shīr 'Alī Khān, died on Feb. 21 and was succeeded by his son Mohammed Yaqub, 29. Yakub quickly signed a treaty allowing the British to occupy the Khyber Pass in return for an annual fee of 60,000 pounds. In September, Afghan nationalists rose against the British, murdering the British envoy, Sir Louis Cavagnari, and his escort. British troops captured Kabul on Oct. 12, forcing Yaqub to abdicate. His cousin, Abdur Rahman, rose to power and reigned until 1901, playing off the British against the Russians. The following year, Afghanistan began producing a substantial amount of hammered sil-

Germany had pursued a policy of free trade until July 13, 1879, when a protective tariff was imposed. German industry had been depressed since a financial crisis in 1873, and imports had hurt German farmers. The tariff was designed to spur development of German industry, transportation and foreign trade. In October, Germany’s “Iron Chancellor”, Otto von Bismarck, arranged an alliance with Austria to assure mutual support in the event of an attack by Russia on either country. The treaty remained in effect until the end of World War I in 1918. Germany had been a collection of hundreds of states until the unification of 1871, when the king of Prussia became Emperor William I of Germany. With unification, the old thaler system of coinage was dropped in favor of the mark system, with 100 pfennig equaling one mark. Austria was a monarchy under the rule of the Habsburgs, and its coinage was stable and consistent. The Austrian florin was a large silver coin produced annually and was prized throughout the world as a trustworthy store of value. In 1879, Austria minted nearly 37.5 million florins. This was an impressive figure, considering that the United States, which was awash in silver from the Western states, minted about 27.5 million silver dollars the same year. Congress gave women the right to practice law before the Supreme Court of the United States in 1879. Black citizens were subjected to repressive local laws being imposed in the South, so many of them moved to Kansas, the seat of the original antislavery movement before the Civil War. Mary Baker Eddy founded the Church of Christ, Scientist in 1879. Elizabeth Agassiz began holding classes for women at Cambridge, Massachusetts, and the initiative would lead to the founding of Radcliffe College. Coronet half eagles ($5 gold pieces) were made at Philadelphia, Carson City, and San Francisco. The 1879-CC is by far the most valu59

tric Co.’s stock soared. Enthused, Edison proclaimed that electricity would make lighting so cheap that only the rich would be able to afford candles. As it turned out, candle wax, whale oil, coal oil, coal gas, and kerosene continued to light the world until the mass production of dynamos, fuses and sockets began in the 1880s. Cleveland installed street lighting systems in 1879 that employed arc lamps invented by Charles Francis Brush, 30, who had come up with a way to stabilize the electric arc between carbon electrodes. Meanwhile, U.S. electrical wizard Elmer Ambrose Sperry, 19, was developing an improved dynamo and a new type of arc lamp.

PUBLIC DOMAIN

Belva Ann Lockwood petitioned Congress in 1879 and became the first woman attorney allowed to practice before the United States Supreme Court.

A multiple-telephone switchboard was

able, realizing $3,300 in Extremely Fine-40. The other two sell for about $375 each in XF. The Coronet eagle ($10 gold piece) from Carson City is extremely rare, and an XF example starts at $25,000. The 1879-O eagle is also scarce, worth about $15,000 in the same grade. By comparison, the 1879-S and 1879 eagles are common and far less expensive, at about $715 apiece in XF. A similar pattern exists for the Coronet double eagles ($20 gold pieces) of 1879. Among them, the 1879-O is the tough find, worth fivefigure prices even in higher circulated grades. The 1879-CC costs upwards of $5,000 in XF condition, while the 1879 and 1879-S are worth about $1,600 apiece in that grade.

invented by U.S. engineer Leroy Firman in 1879. It would help increase the number of U.S. phone customers from 50,000 in 1880 to 250,000 in a decade. In Berlin, the first electric locomotive was introduced in 1879. The SS Orient, the largest new ship of 1879, went into service for the Orient Lines, making the mail run between England and Australia. The 445-foot iron steamship boasted four rigged masts to supplement her three-cylinder, 5,400-horsepower engine. Scotland’s Firth of Tay Bridge collapsed under the weight of a train during a winter storm on Dec. 28. All people aboard the train were killed in the tragedy, though researchers only recently revised the number of deaths to 59, down from the long-stated figure of 75 deaths.

Sir Joseph Swan demonstrated a carbon

The Philadelphia Mint knocked out

filament light bulb to 700 people at Newcastle upon Tyne, England, on Feb. 3, 1879. Meanwhile, Thomas Edison was experimenting with filaments of platinum, carbonized paper, bamboo thread, and other substances. On Oct. 21, Edison demonstrated an incandescent bulb that used a loop of cotton thread impregnated with lampblack and baked for hours in a carbonizing oven. The vacuum light bulb Edison used was similar to one pioneered by German chemist Hermann Sprengel in 1865. The bulb burned for over 45 hours, and Edison was sure it would burn for at least 100 hours. His bulb was announced to the general public on Dec. 21, and Edison Elec-

14,000 1879 dimes, along with 1,100 proofs. The business-strike dime is worth about $425 in Extremely Fine-40, while Proof-63 issues sell for about $575. There are also scarce “Repunched-1” and “Repunched-9” varieties of this coin. The Philadelphia Mint made 13,600 Liberty Seated quarters and an estimated 1,100 proofs. The regular-issue quarter goes for about $525 in XF grade, although there is a very rare “Type I Reverse” variety distinguished by tight lettering in the “TATE” of the word “STATES”. Proof-63 specimens retail for around $800 each. The 1879 Seated Liberty half dollars were made only at Philadelphia, and the mintage was

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a mere 4,800 and 1,100 proofs. The business strike sells for about $800 in Extremely Fine-40, while a Proof-63 example lists for $1,100.

Frank Winfield Woolworth opened his first successful discount store in Lancaster, Pennsylvania, on June 21, 1879. The tenacious Woolworth—whose 1878 attempt to launch “Woolworth’s Great Five Cent Store” in Utica, New York, failed—went on to incorporate hundreds of stores worldwide. In 1913, he opened the 57-story Woolworth Building in New York City, then the tallest building in the world. U.S. farmers prospered as crops failed throughout the rest of the world in 1879. Ireland experienced a potato famine, while India suffered from the aftermath of a famine that lasted from 1876 through 1878 due to drought and over-exportation of grain. Britain had its worst crop in a century, as did other European countries, and the demand for U.S. wheat exploded. Wheatena cereal was introduced in New York in 1879 to compete with oatmeal as a breakfast food. Milk bottles first appeared on New York doorsteps, thanks to an innovation by the Echo Farms Dairy, of Brooklyn. Other dairies simply hauled around barrels of milk and sold it by the pitcher. Saccharin was discovered by accident in 1879 by chemists experimenting with coal tar derivatives. It is 300 times sweeter than sugar. Buffalo hunters killed the last of the Southern bison herd in Texas in 1879. Four years later, a herd of 10,000 bison were discovered in the Dakota Territory; hunters would exterminate it within a few months.

A fun coin with which to remember the year 1879 would be the famous $4 gold piece, the coin that supposedly adorned the bosoms of high-class madams. Unfortunately, most of us don’t have the funds to buy a six-figure coin like the Stella. For those of us on limited budgets, perhaps the great silver surplus of 1879 should be commemorated with the purchase of an 1879 Morgan dollar. The Philadelphia issue costs less than $100 in MS-63. If you have a few dollars left over, rent a copy of “Zulu” and watch Michael Caine fend off the African warriors at Rorke’s Drift. COINage

continued from page 20

States, a predecessor of the Federal Reserve. Jackson is in the history books, but there’s no reason to keep him in our wallets.” Jackson is indeed “in the history books”—where many historians rank him among the 10 greatest U.S. presidents. He was a war hero, a strong leader, a fiscal conservative and a man of the people who democratized the presidency. He also was a staunch defender of the Union despite his deep Southern roots. I’ve made these points in previous columns and addressed the criticisms of Jackson, some of which stem from misapplication of 21st-century values to a Southern U.S. president from the early 1800s. Yes, he owned slaves, but so did George Washington, Thomas Jefferson, and other early leaders who lived and owned land in the South. And “hating” paper money was a virtue, not a vice, during Jackson’s day, since most of it was issued privately, not by the federal government, and much of it was worthless. It’s also worth noting that in 1835, Jackson paid off the national debt for the first and only time in U.S. history. I have long suspected that the advocacy group seeking to dislodge Jackson, Women on 20s, has targeted the $20—regularly disgorged by ATM machines—because it enjoys such wide usage. Its attempt to discredit Jackson to further that goal is deplorable, however—and so is its endorsement by the Times. Recently, the Times gave two principles of the group an op-ed soapbox from which to make their case yet again. Women on 20s is now pushing a new argument: that Alexander Hamilton, the first U.S. Treasury secretary, doesn’t deserve to be exiled from the $10. He wouldn’t be. Under the Treasury’s plan, there would be two different $10 bills—one with Hamilton’s portrait, one with that of a woman. They wouldn’t both appear on the same bill—despite an erroneous statement by the Times that they would be shown “alongside” each other. Was that poor research, inaccurate writing, or both? I don’t dispute Hamilton’s worthiness to be honored on Americans’ folding money. And I don’t believe this tribute would be minimized if companion notes were issued with the image of a woman. It’s time for Women on 20s—and The New York Times—to embrace this idea and drop their vendetta against Andrew Jackson.

US MINT

Rhett Jeppson

of “chief engraver” by Director Moy. He’s regularly described today as the Mint’s 12th chief engraver. By no means, however, does he meet the traditional test passed by Jones and her 10 predecessors. In 1996, Congress actually abolished the position and title of Chief Engraver of the U.S. Mint. But that unwise decision can and should be reversed. The Mint’s concern about the hobby’s future is encouraging. But the hobby should likewise be concerned about the future of the Mint. Filling those two big vacancies would be a good step in the right direction. First published January 2017

VIEWS UNFITTING TO PRINT

November 2017

First published June 2016

BOBVILA.COM

I’ve always had great respect for The New York Times. When I launched my career as a journalist, I looked upon the Times as the pinnacle of my profession. In 1979, I was elated when I got—and accepted—an offer to write the weekly “Numismatics” column in the Sunday edition of the Times. I wrote that column for nearly a decade. Later, I got to write a book called The New York Times Guide to Coin Collecting. I mention all this to explain why I have been profoundly disappointed by the ill-informed views expressed by the Times on the U.S. Department of the Treasury’s plan to place a woman’s portrait on the $10 bill starting in 2020. Following the Treasury’s announcement last June, the Times rushed to judgment, rubber-stamping the position of an advocacy group that the portrait should be placed on the $20 bill, not the $10—essentially because the man whose image appears there now, Andrew Jackson, is (in its view) unworthy of such recognition. In an opinion piece, the Times Editorial Board rendered this harsh verdict on the nation’s seventh president: “Jackson was a slave owner whose decisions annihilated American Indian tribes of the Southeast. He also hated paper currency and vetoed the reauthorization of the Second Bank of the United

by Marcy Gibbel

Make Some Money with Pocket Change

ight now, there are hundreds of coins in circulation that are worth many times more than their face values. Some are worth $5 or $10, but there are others that are worth $100, $500, or much more. They won’t be easy to find. It will take a sharp eye, a decent magnifier, and plenty of patience, but you will find them. All you have to do is look. Here are a few tips on what types of coins you should be looking for. Look for error coins, coins that were not made correctly by the United States Mint. These include, but are not limited to, broad strikes, off-center strikes, clashed dies, split planchets, off-metal

strikes, and blank planchets. Watch for coins with die varieties, or any variation in the normal design of a given coin. A die variety is usually caused by errors in the maintenance or preparation of the coin dies. Typical die varieties include doubled dies and repunched mint marks and dates. Look for old coins, but be aware of which specific old coins are rare. Keep an eye out for silver (and gold) coins. But, what, exactly, should you search for and set aside? A variety of a 2005-D Jefferson nickel? Mexican pesos or Mexican gold pesos? The following five coins are definitely moneymakers.

1969 Lincoln cent with a doubled die

1999 wide AM reverse Lincoln cent

2005-D speared bison reverse, new

obverse

This variety is actually known for three dates—1998 (pictured), 1999 and 2000— with 1999 being the rarest. The reverse of this business strike coin was accidentally struck with a reverse proof die. How do you know what you have? The AM in AMERICA on the reverse is clearly separated in the wide variety. The letters AM are very close or touching in the normal variety for these three dates. In middle grades, this coin is valued at $5 to $25. It’s worth anywhere from $75 to $600 in MS-63 or better, depending on color.

design Jeﬀerson nickel

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This variety most likely results from a cracked die that has created a long, straight line from the edge of the reverse, all the way through the bison, and ending between the bison’s front and hind legs. Starting at an angle aligned along the E in STATES, the “spear” continues in a straight line all the way through the bison. The 2005-D speared bison variety is valued from about $75 in AU-50 to $1,400 in MS-66. PCGS

Early examples of this coin were confiscated by the Secret Service, until the U.S. Mint acknowledged they were real. Counterfeits are plentiful and easy to spot because they usually have the wrong mint mark. Look for clear doubling of the entire obverse, except for the mint mark. If it has a doubled mint mark, it is a double strike, not a doubled die—and not worth much. This is an especially rare coin valued at around $35,000 in EF-40.

COINage

1972 Lincoln cent with a doubled die obverse

This variety shows strong doubling on all obverse elements. Several resources suggest using a “die marker” to help verify your finds. A die marker is a crack or gouge that identifies a particular die. Look for a tiny gouge above the D in UNITED as a die marker. This coin is worth about $500 or so in EF-40.

www.vcoins.com/us/kointainer

1970-S small date Lincoln cent with a doubled die obverse

Only one side of this coin should show doubling. If both sides do, it is probably double struck and not worth much. The easiest way to distinguish the rarer small date variety from the common type is by the weakness of LIBERTY. (A 1970-S small date, regular strike Lincoln cent is pictured.) The doubled die obverse should show doubling in LIB and IN GOD WE TRUST. This coin is valued at around $3,000 in EF-40.

PCGS

Once you’ve located a rare find or two, how do you turn those nickels and cents into a few extra bucks? The short answer is to sell your coins to a reputable coin collector or dealer. There are several ways to find a reputable brick-and-mortar coin dealer near you. If you choose to sell your coins online, make sure you check the buyer’s ratings. November 2017

Take Note FROM DENVER NLG Writers Awarded

U.S. COIN MAGAZINES BEST COIN ARTICLE OR SERIES OF ARTICLES: “Sizes Matter”, COINage, Tom DeLorey BEST TOKEN AND MEDAL ARTICLE: “Starting a Medal Collection”, by Steve Roach, Coin World magazine BEST PAPER MONEY ARTICLE: “Women Find a Place on Three U.S. Bank Notes”, Joshua McMorrow-Hernandez, COINage BEST COLUMN: “My Two Cents’ Worth”, Ed Reiter, COINage BEST ISSUE: COINage, September 2016, Ed Reiter, Senior Editor; Lynn Varon, Managing Editor NUMISMATIC NEWSPAPERS BEST SPOT NEWS STORY: “Doubled-Die 2015 Cent Identified”, by

UPCOMING AUCTIONS Lariviere Collection to be Sold [LONDON] The collection of the former chief engraver of the Monnaie de Paris will be sold at two auctions. The collection of Hubert Lariviere will be sold at auctions co-organized by Spink and Taisei Coins Corp. The auctions are scheduled to be held Nov. 26, 2017, and April 29, 2018, during the Tokyo International Coin Convention. There are 178 items that date from 1969 to 1997. Most of them are patterns (marked ESSAI or PROVA, alternate words for patterns). More than half of the coins are from France, and much of the rest are from nations formerly under French rule. Go to NGCcoin.com/gallery/ Lariviere to view a gallery of the collection.

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France 1983 ESSAI Montgolfier Balloon 10 Francs, NGC MS-67

France 1988 ESSAI Spirit Of Bastille 10 Francs, NGC MS 69

Madagascar 1970 ESSAI Brass 20 Francs, NGC MS 68

NLGONLINE.ORG

[DENVER] The Numismatic Literary Guild held its annual Bash at the Sheraton Downtown Denver. Skits and satirical songs were followed by the presentation of awards to winners in the NLG’s yearly Writer’s Competition. Following is an abbreviated list of winners. Go to www.nlgon line.org for the complete list.

Ken Potter, Numismatic News BEST COIN ARTICLE: “A Numismatic Trip to the Museum”, by Steve Roach, Coin World BEST TOKEN AND MEDAL ARTICLE: “Mint Begins Steam Coinage in 1836”, by R.W. Julian, Numismatic News BEST PAPER MONEY ARTICLE: “Notes Forever Tied to Wild Bunch: Pinkertons Used Serial Numbers to Track Rail Heist Loot”, by Robert R. Van Ryzin, Bank Note Reporter BEST COLUMN: “Market Analysis”, by Steve Roach, Coin World BEST ISSUE: Bank Note Reporter, April 2017, Robert R. Van Ryzin, Editor

ANA CONVENTION Dedicated Leaders Recognized [DENVER] Michael Fuljenz, president of Universal Coin & Bullion of Beaumont, Texas, received an important national award for his decades of anti-counterfeiting efforts. The Industry Council for Tangible Assets (www. ICTAonline.org) presented the rare coin and precious metals expert with Michael Fuljenz presented David Hall with the Al Kreuzer Memorial the NLG’s “Ribbit” at the ANA’s Denver Award medal for “out- World’s Fair of Money. standing contributions in the efforts to combat counterfeit coins and currency.” Fuljenz also presented “The Ribbit”, the NLG’s award for outstanding service to the hobby, to David Hall, co-founder of Professional Coin Grading Service. With ANA President Jeff Garrett, he co-presented the ANA’s Farran Zerbe Memorial Award to Brian Fanton, of Iowa. The Zerbe is the ANA’s top honor.

COINage

NOTICE TO COIN BUYERS

In looking at advertisements in COINage Magazine, the reader should be aware that there is no precise or exacting science for grading coins. Opinions of two viewers of the identical coin can, and do, differ, even when they are those of experts, because perceptions as to the state of preservation are not always identical. For grades that are circulated, there tend to be several well-defined and uniform criteria that are utilized, but the grades themselves may be different, because they represent an impression or indication as to the amount of wear on a coin. Uncirculated coins have no visible signs of wear, though they may have blemishes, bag marks, rim nicks, tarnish, or may even be weakly struck (which often resembles wear). In uncirculated condition, there are many different grading opinions, some of which are described adjectively, others with numbers. Not all numbers have the identical meaning. This depends on the grading standard utilized. The value of the item to the buyer should be determined by the price, not the grade. Your examination of and satisfaction with the coin should be the criterion, not the grade represented by the seller, or a determination made by another. Your best protection is your own knowledge and the trust that has developed between you and the dealer over a series of mutually satisfactory transactions. All advertisers in COINage Magazine agree to a seven-day unconditional money-back guarantee for all items with the exception of bullion and bullion-like coinage, whose dominant price element consists of the value of its precious metal. If you are displeased with the purchase from an advertiser in COINage Magazine and do not receive proper satisfaction, please contact our advertising service department immediately. Standards for grading by advertisers must specify which guideline or system is utilized. The notification may be within the context of the advertisement (if it varies from item to item), or by means of the following symbols: A American Numismatic Assoc. Grading Guide; N NCI; NGC Numismatic Guaranty Corp. of America; P Photograde; PCGS Professional Coin Grading Service; PCI; ANACS; ACG Some of these names are registered trademarks, or are used under license. All uses in COINage Magazine shall be strictly in accordance with such authorized use. Any other grading standard or system utilized must be specified. A combination of any of the above standards may also be used if specified. If there is no symbol, or other explanation, the reader must assume that the advertiser’s grading standards are based upon his own personal experience. Uncirculated coins in mint state (MS) may be described with numbers or adjectives. Unless the advertisement indicates otherwise, the following standards are used: MS-67: “Superb Brilliant Uncirculated” or “Superb Gem Uncirculated”; MS-65: “Gem Brilliant Uncirculated” or “Gem Uncirculated”; MS-63: “Choice Brilliant Uncirculated” or “Choice Uncirculated”; MS-60: “Brilliant Uncirculated” or “Uncirculated.” COINage Magazine reserves the right, to which the advertisers consent, to monitor all merchandise offered in its pages and to make occasional test orders under assumed names to verify that coins are as advertised. Advertisers must agree to adhere to the minimum standards set above and understand and consent that violations may lead to suspension of advertising privileges. Inadvertent typographical errors occur. Advertisements appearing in COINage Magazine should be considered “requests to inquire” rather than unconditional offers of sale. All prices are subject to change at any time without notice.

INDEX TO ADVERTISERS Airtite Hol ders ................................................63

Govmint ...........................................................9

Antiques & Coins ...........................................41

Hobby Coin Exchange ....................................43

Anything Any where ........................................48

Kierstead Rare coins ......................................41

Berry Bee Jewelry ..........................................39

LittletonCoi n..................................................33

Jack H. Beymer ..............................................11

Long Island Numismatics ..............................44

CAC Coi n ........................................................65

Mike Kra gel ....................................................49

Thomas B. Cederlind ......................................46

M & R Coins & Stamps ...............44, 45, 46, 47

ChestnutCoi ns...............................................47

McQueeney Coins ..........................................37

Coast to Coast Coins ..................................... C4

Norwood Coin Co. .................................... 16-17

Davisson’s ......................................................47

Palisades ..................................................46, 48

Eagle Coin Holders .........................................27

Pioneer Gem Corp..........................................49

Eastern Numi smatics .....................................59

John Paul Sarosi ............................................21

E & T Kointainer .............................................63

Simmons Scientific ........................................45

Empire Rare Coins .........................................45

Stephen Album Coins.....................................45

Estate Whol esalers .........................................44

N.F. String & Son Inc. ....................................43

G & F Coin Galleries ................................. 4-5, 7

Universal Coin & Bullion, Ltd. ................. C2, C3

Gobrecht Numismatics ............................ 12-13

Valley View Coins ...........................................19

GOLD & SILVER Investor’s Guide This special Gold & Silver issue is a broad collection of articles and analysis of today’s market. • • • • •

A 2020 Vision for Gold and Silver U.S. Pattern Silver Dollars Southern Gold Early United States Gold Coinage and much more.

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GOLD & SILVER: Investor’s Guide

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