Category Archives: Numismatic Guaranty Company

brush-1

Jim Bisognani: 2023 Coin Market Year in Review – Part 1

Jim Bisognani Year in ReviewNGC Weekly Market Report ……
Well, we’re only 10 days away from the night that the jolly old elf from the North will be circumnavigating the globe and spreading holiday cheer (I think that’s what he spreads). It also means that loved ones and friends only have a short time left to secure a wonderful numismatic gift for that special coindexter on their list (HINT!).

Gulp. Hey, there are only 17 little days left in 2023! That means it’s time for the 13th Annual NGC Jim Bisognani Year in Review!

Although I enjoy chatting with my fellow coindexters, collectors and dealers all year ‘round, I must admit that this annual review is the big enchilada. A lot of work goes into it. Everyone’s time is valuable, and I appreciate all of my contributors’ efforts. I realize that sometimes I can be a nudge, with my gentle prodding of my brethren for their learned responses. I appreciate their patience! Yet, it is worth it and has been great fun putting this review together for the past 13 years — wow, where has the time gone?

Now it is time to share the varying views from all those who make numismatics their treasured hobby or livelihood. So, without further hoopla, I proudly present the 13th Annual Bisognani NGC Coin Market Year in Review – Part 1.

What has been the biggest challenge for you and your business in 2023?

John Brush
David Lawrence Rare Coins President John Brush

John BrushPresident, David Lawrence Rare Coins (DLRC)

2023 was a very challenging year for us. It was a very successful one as far as business goes, but we went through a lot of changes and adjustments this year that we’re not used to doing. We replaced our CFO, we ramped up our staffing due to the amount of coins we’ve been adding to our auctions, and our office had an electrical fire in August that displaced us for a month. Thankfully, no people or coins were affected, but our office was flooded from the sprinklers and it forced us to rethink our office layout, get new walls and floorings, and all of that incredibly difficult stuff that distracts us from coins. All in all, it was an awful month, but our office space is so much nicer now and we’re excited to have a fresh new look and a better layout for our business.

Brian HodgePartner, Lee Minshull Rare Coins (LMRC)

With the cost of borrowing money so high, it has become more difficult to stock higher-priced items for long periods of time. This has obviously been a factor in making large purchases.

James Sibley – Collector

As a collector, my biggest challenge this year has been submitting winning bids at the Heritage, Stack’s and Great Collections auctions. The post-pandemic price increases for the US coins I collect (19th century type and early 20th century rarities, preferably in Gem grade or better) have far exceeded my expectations. The dilemma is always “reaching” to win the lot vs. overpaying so much that it will take many years to recoup what I paid.

From left to right: Ken Bressett, Jeff Garrett, and Mary Lynn Garrett.
From left to right: Ken Bressett, Jeff Garrett, and Mary Lynn Garrett.

Jeff GarrettFounder, Mid-American Rare Coin Galleries, Inc.

Without a doubt, finding fresh material for resale. I have been super lucky that a few cool things fell into my lap last year, most notably the Kentucky Gold Hoard. Finding a sufficient supply of new coins to meet the demand of my customer base is a continuing challenge. Rare coin prices were fairly stable this year and the incentive for sellers was less than in the recent past.

Jeff KiersteadOwner, MintProducts Auctions

With expenses up across the board, keeping enough product coming in can be a challenge. We are fortunate to see our business still growing.

Bob GreenOwner, Park Avenue Numismatics

This year, explaining premiums for precious metals has been a little more difficult because of the amount of clients making purchases for personal use or precious metals IRAs. In addition, premiums for $20 gold pieces have fluctuated a tremendous amount and we have had to educate our clients on these changes.

Kevin Lipton – Owner, Kevin Lipton Rare Coins

I would say record gold prices with premiums lowering at the same time has been a bit of a challenge.

* * *

For the new numismatist on a limited budget, what series would be at practical entry point?

Kevin Lipton

A Silver Eagle set!

Bob Green


Bob Green

I think Silver Eagles are probably one of the nicer collections that can be started with a limited budget due to low silver prices, and they began in 1986 and continue each year. There are even some special issues that can be added at higher price points, but that could be a decision left up to the collector.

Dan GoevertRare Coins 101

I’m assuming by a “limited” budget, you mean a very limited budget; perhaps something appropriate for a youngster. I can make a couple of recommendations right off the bat:

Jefferson Nickels: It is still possible to complete a set of Jefferson Nickels plucked from circulation. There are still nickels from the early decades of the Jeffersons flowing in and out of cash registers and change counting machines. Even war nickels are waiting to be found in coin rolls!

State Quarters: The “50 State Quarters Program” was launched in 1999 to honor each of the 50 states and ran through 2008. Over the years, this initiative has drawn many new collectors into the hobby. With patience and diligent searching, every State Quarter album slot can be filled with coins that remain in circulation. Great fun on a low budget!

John Brush

I lean toward putting together some kind of type set. Maybe just 20th century, or 19th and 20th century. I love the variety of design types, the history behind them, the art and the options! Then you can figure out which series is best to focus on from there!

Jeff Kierstead

Indians and Lincolns Cents and Buffalo Nickels are a great place to start.

Christine KarstedtExecutive Vice President, Stack’s Bowers Galleries

Without a doubt, Morgan Dollars. The coins themselves are beautifully designed, significant in size, historically meaningful and are readily available in all grade and price ranges. The Morgan Dollar was produced in decades that saw dynamic changes in our nation, was struck at mints from coast to coast and saw its share of political intrigue. It remains the country’s most popular classic coin. A collecting budget can easily be established so that new acquisitions can be made regularly, important for maintaining the spark of interest in a new collector. It’s always fun to be adding something to the collection.

Chris Karstedt shares a rare coin with a client. Image: CoinWeek.
Chris Karstedt shares a rare coin with a client. Image: CoinWeek.

The series also has major rarities that can be acquired in much lower grades to “fill the hole,” but still give the buyer a great sense of accomplishment and pride when working toward completion. Q. David Bowers has produced a tremendous amount of information in several books on the subject. In fact, the first book he created in collaboration with Whitman Publishing was A Guide Book of Morgan Silver Dollars, now in its seventh edition. Having great reference material to study and enjoy adds to the pleasure of collecting and keeps interest high in between purchases.

A personal footnote: As a parent and now a grandparent, in my household the tooth fairy always brings a Silver Dollar to leave under the pillow along with other change!

Lianna SpurrierCreative Director, Numismatic Marketing

There are plenty of easy answers — Wheat Pennies, Jefferson Nickels, etc. — but I’d like to suggest a Canadian type set. You’ll have to do some research to decide what you want to include, which will help you find some resources and get acquainted with researching numismatics. They’re easy to find on eBay if your budget is very low, but are familiar enough that you can find nicer examples on some of the larger coin-specific auction sites. In addition, a type set is always a good starting point to get a more varied taste of what’s out there. A US 20th-century type set would also be a good option, but I’m always an advocate for world coins.

James Sibley

For entry-level collectors, I suggest that they start with United States Mint products — Silver Eagles, Proof and/or Uncirculated sets. While the new collector probably won’t recoup their purchase price for a long time (if ever), the coins are beautiful and the cost is relatively low. If the modern issues are of no interest, there are a number of less-popular 19th-century series (think Two Cent pieces, Three Cent Nickels, and Shield Nickels) which, even in lower Proof grades, can be affordable.

Jeff Garrett

I love United States Silver Eagles. They have been produced since 1986 and completing a set is within the budget of most collectors. They are large and have one full ounce of silver. You can have fun collecting them with a side bullion play.

Brian Hodge

I started with Mercury Dimes. You can collect them for reasonably cheap, and there’s always the “grail” piece like the 1916-D that keeps you hunting and aiming higher when you finally earn your stripes.

* * *

Do you still attend all of the major coin shows on the calendar? Why or why not?

Christine Karstedt

Yes, I still enjoy attending all major coin shows. One of the most pleasurable aspects of my career is getting to personally know the amazing people who have been pillars in this hobby, whether they be dealers or collectors. And getting together at coin shows was and is a tremendous part of enjoying those ongoing relationships. I also like to meet in person those who are new to the hobby so I can provide encouragement or assistance as needed. All of us have busy lives in and out of work, but we make the time to attend these events because they are fun, and we get to share our enthusiasm with those who have the same interests. Nothing can replace the camaraderie of catching up and talking coins in such a dynamic numismatic environment.

Lianna Spurrier

I attend any shows where I have clients. I do media for the industry but don’t sell coins myself, so my show experience is quite different from that of a dealer; I spend shows running around to film different presentations or shoot videos on the show floor. In 2023, I attended NYINC, Central States, EAC, the ANA and winter Baltimore. The ANA is the only show I expect to attend every year.

Regardless of client work, it’s such a good networking opportunity, and even if I’m not doing any work at the show, I always end up talking to a lot of people. Any others are only worth the expense if I have a client covering part of travel costs. FUN is noticeably absent from that list. It was simply too close to NYINC this year, and even if I’m not attending NYINC, it’s too soon after the holidays for me unless I have a lot of clients. My dog is already stressed out from being shuttled around during Christmas — he might just melt into a puddle of anxiety if I tried to send him to the dog sitter right after!

John Brush

Yes, we attend all of the major shows. There are fewer major shows than there used to be, but we do so for several reasons:

  • The relationships we have with fellow dealers and collectors
  • To support the DLRC brand in various places throughout the country
  • To purchase coins and other inventory items
  • To further the educational mission of our hobby

James Sibley

As a collector, I only attend shows close to home (the Houston Money Show and the Texas Numismatic Association’s annual show). Frankly, the convenience of the major auctions has spoiled me — why spend a thousand dollars or more flying to a far-fetched show when I can buy coins from my desktop, especially if I have someone at the auction house I trust to look at the coin in-hand (thank you Mark Feld, Vicken Yegparian, and Ian Russell!)?

Jeff Kierstead

I attend about half the shows I did back in the 1980s and ’90s. There are a few reasons for this, but the main reason is that with the amount of business being done on the internet, it’s just not necessary.

Bob Green

For me, personally, I took a hiatus when my son Samuel was born in July and dedicated my time to being a father. My staff attends all major shows and I will start in 2024. I’ve missed the grind, but it has been so worth it for me personally.

Kevin Lipton

Kevin Lipton
Kevin Lipton

I do not. I am down to FUN, Central States, and the Summer ANA. Our business is mostly generated from the office. We do coin shows to “meet and greet” our best clients.

Jeff Garrett

I still attend every major show and a lot of the regional shows. As mentioned above, finding fresh material is a lot of work and attendance at these shows is vital. Being seen and considered when something new shows up is part of my business plan. Plus, I truly enjoy coins shows. I’m lucky in that my wife, Mary Lynn, enjoys going with me to most shows.

Brian Hodge

No. I can get most of what I need to do at a coin show done on my cell phone or computer. Most new dealer purchases I can find out about right before the show. Shows for me have now just become meet-and-greet opportunities or a chance to have dinner with customers and dealers.

* * *

Jolly Ol’ Saint Nick’s gnome friends have granted you a round-trip passage back to the year of your birth. You have 24 hours and $100 to spend. What coins or other collectibles will you try to locate and bring back to the present?

John Brush

1980: Man, that’s a boring year. And $100 wouldn’t buy me much silver. I’d probably try to find some early Lincoln and Jefferson Nickel rolls that I could buy cheaply and submit for grading in 2023.

Bob Green

I would buy as many $20 gold pieces as I could!

Jeff Kierstead

With the simplified grading back then (1960), I would try and cherry-pick as many superb red copper coins (probably Indian Cents) that I could.

Dan Goevert

For me, the gnomes would have to navigate their time-travelling vessel back to 1959, when dinosaurs still roamed the Earth! Like many collectors, I would seek out a highly prized coin of today that was undervalued and affordable back then. Starting with the BEST group on the Key Date List of Recommendations, I found a wonderful coin that does the trick — the 1870-CC Coronet $10 Eagle. Per the Red Book, in 1959 I could have purchased an example of this Carson City rarity in About Uncirculated for just under $100, presuming I could find one for sale in the 24-hour excursion.

Currently, Coin World estimates the retail value of the 1870-CC $10 Eagle in About Uncirculated condition to be somewhere around $250,000. If the gnomes had let me keep this coin, my $100 investment would have grown in value at an annual compounded rate of 13%. Incredible!

James Sibley

As many high-condition Fugios as $100 would buy.

Kevin Lipton

1959. I am gonna find a contemporary artist like Andy Warhol whose painting would be worth a million bucks today!

Jeff Garrett

1958: I would visit the offices of B. Max Mehl in Texas and look for ultra Gem coins that he has no idea will be worth a fortune someday.

Brian Hodge

It wasn’t a very eventful year for coins, so perhaps a couple Proof sets and some Ronald Reagan memorabilia.

* * *

Enjoy the holiday, my friends! I’ll be back next time with part two of the 13th Annual Bisognani Year in Review.

Until next time, be safe, happy holidays and happy collecting!

* * *

The post Jim Bisognani: 2023 Coin Market Year in Review – Part 1 appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

jeff_garrett_ana

The 1922 Lincoln Cent and Its Varieties

By Jeff Garrett for Numismatic Guaranty Company (NGC) ……
Jeff Garrett, Courtesy Numismatic Guaranty Company (NGC)Before 1922, the United States Mint struck huge numbers of Lincoln Cents each year. Production peaked in 1919, when the Philadelphia, Denver, and San Francisco mints struck just under 589 million coins. However, the mintage plunged in 1922, when only the Denver Mint created 7.16 million coins.

The end of World War I sparked a painful nationwide recession that crushed demand for additional cents. In the August 1922 issue of The Numismatist, Mint Director F.E. Scobey stated:

There have been approximately $46 million worth of pennies coined since the Mint began in 1792. So, what’s the use of making more, when about the only nothings you can buy with a penny nowadays are lollypops?

Today, the cent buys far less, and the U.S. Mint still make billions of coins each year.

When Lincoln Cent production was stunted in 1922, the year created some of the most fascinating yet complicated issues of the series. Although much has been written about the different cents of 1922, the popularity and complexity of the issues deserves a brief examination. Collectors are sometimes confused about which pieces they need for their collection.

The following are some of the different variations of 1922 Lincoln Cents to consider.

1922-D Lincoln Cents

1922-D Lincoln Cent. Image: NGC.
1922-D Lincoln Cent. Image: NGC.

As would be expected due to its relatively low mintage, the 1922-D Lincoln Cent is scarce in all grades. Average circulated examples can be purchased for about $50 USD each. Higher-grade coins are somewhat available, especially if you’re satisfied with a coin that is brown or reddish brown in color. The finest graded have been two MS66 RD examples, neither of which have sold at public auction. Just 26 have been graded by NGC as MS65 RD, with the auction record being $2,790 for a coin sold in 2022. Most coins designated as 1922-D Lincoln Cents are well struck.

This brings into play the other interesting but complicated varieties of 1922 Lincoln Cents. Starting around 1928, letters in The Numismatist started to mention the observation of 1922 Lincoln Cents with missing or mushy ‘D’ mintmarks. Collectors could not agree on what they were seeing. During the 1950s, Whitman Publishing created demand for the 1922 Plain Cent when they added a hole in their albums for the coin. It was not until years later that researchers defined what different coins were created in 1922 at the Denver Mint. Modern research has defined the following varieties as collectible 1922 No D or Weak D Lincoln Cents.

1922 Weak D Lincoln Cents

1922 Lincoln Cent Weak D. Image: NGC.
1922 Lincoln Cent Weak D. Image: NGC.

The basic explanation for the No D or Weak D cents of 1922 is that die clashing created the need to abrasively polish the obverse die and this removed or obscured the ‘D’ mintmark. The coins designated as 1922 Weak D bring a relatively small premium. The NGC MS64 RB coin illustrated above sold for $660 in May 2023. As can be seen from the picture, the ‘D’ is barely visible.

1922 No D Weak Reverse

1922 Lincoln Cent No D with Weak Reverse. Image: NGC.
1922 Lincoln Cent No D with Weak Reverse. Image: NGC.

This die pairing was created from a very worn reverse die. The wheat ear lines are barely discernable. Although this variety has no trace of the ‘D’ mintmark, the weak reverse makes the coin less desirable for collectors. The MS63 RB example pictured above sold for $3,600 in June 2022. Fully red color examples are nearly nonexistent. NGC has only certified one example as such. Extremely Fine examples can be purchased for about $650. The 1922 No D Weak Reverse is the more affordable alternative for budget-minded collectors.

1922 No D Strong Reverse

1922 Lincoln Cent No D with Strong Reverse. Image: NGC.
1922 Lincoln Cent No D with Strong Reverse. Image: NGC.

This die pairing is by far the most desirable and the one collectors consider as the “true” 1922 Plain Cent. The ‘D’ mintmark is completely missing, and the reverse is well struck. The 1922 No D Strong Reverse sells for around $750 in Very Fine condition, but even in low grade, problem-free coins are not easy to locate. The 1922 No D Strong Reverse is increasingly rare in high grade and Mint State coins are seldom seen or available.

The MS64 RB example pictured above sold for $37,375 in June 2010. This variety is virtually unknown with full red color remaining — none have been certified by NGC. Amazingly, a Mint State 1922-D Lincoln Cent can be purchased for about $125. The same coin without the ‘D’ mintmark sells for nearly $10,000. Knowing exactly the different varieties available for the issue is imperative.

Words of Caution

Beware of cleverly crafted counterfeit examples of 1922 Lincoln Cents. Removing the ‘D’ mintmark is simple work for skilled counterfeiters. Buying certified examples, regardless of grade, is highly recommended.

Sadly, collectors should also be careful of well-made Chinese fakes of this issue. Be careful when buying this or any Lincoln Cent that has been certified as “Red Brown” or “Red”. Color on Lincoln Cents can sometimes fade over time and is NOT guaranteed long-term by any grading service.

* * *

 

Rare Coin Gallery

 

* * *

The post The 1922 Lincoln Cent and Its Varieties appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

jeff_garrett_ana

The Red Book Changes Hands: Jeff Garrett

2024 Red Book
The 2024 Red Book. Image: Whitman Publishing.

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) ……
Jeff Garrett, Courtesy Numismatic Guaranty Company (NGC)About two weeks ago, the numismatic world was stunned to hear the announcement of the sale of Whitman Publishing to CDN (Coin Dealer Newsletter, publisher of the Greysheet). Whitman has been serving the numismatic community since 1947, and its history closely mirrors the evolution of the hobby through the decades. A huge number of serious collectors started out by filling a Whitman album in their youth. My own numismatic journey started in 1969, with a Whitman Lincoln Cent folder for coins 1941 to date.

Since 2003, when the Anderson family purchased Whitman Publishing, they have greatly expanded the number of specialty numismatic books for United States and World coins. They have published hundreds of titles, of which many have been widely acclaimed and award-winning. Their prodigious output has meant a boon of information for modern collectors and has undoubtedly stimulated the rare coin market over the last two decades.

Several years ago, after being sold to its current owners, the long-running Coin Dealer Newsletter (the Greysheet) went through a radical restructure and update. They decided to eliminate the weekly sheets of years past and publish magazines: one for retail pricing and another with the standard wholesale prices they have published for decades. The new formats have been well received and the current form of the Greysheet is greatly improved, with vastly more pricing information. The Greysheet has transformed from a simple weekly flyer to a suite of numismatic publications. CDN has also invested considerably to develop an internet strategy.

The Guide Book of United States Coins (the Red Book) is the crown jewel of Whitman Publishing. It is by far the most widely distributed numismatic book and is available in bookstores around the country. Nearly everyone starts collecting coins starts with a Red Book in hand. Its basic information about numismatics is vital to anyone new to the hobby.

I have been the Senior Editor of the Red Book since 2019; however, my involvement with the Red Book dates back another decade before that, when I started helping Ken Bressett with the annual pricing. His mentorship has prepared me for the role as caretaker of one of the most important brands in the hobby.

Although surprised by the announcement, I am excited to see what the next chapter brings for Whitman Publishing. In an ever-changing world, even the most iconic brands need to adapt to remain relevant. It will be thrilling to see what new tools and ideas CDN can bring to the table for the Red Book and its dozens of other products and brands. Information is one of the most impactful elements in the hobby today and, together, Whitman and CDN have become the new powerhouse for numismatic information.

There is a long history of information impacting the hobby. Some of the oldest rare coin price guides for U.S. coins began in the mid to late 1800s. There was a boom of collector interest in U.S. coinage when the United States Mint stopped making Large Cents. A few of the greatest collections ever assembled were started at this time. Over the generations, rare coin price guides changed very little. Slowly, conditions became more of a factor in pricing, but with only one or two grades listed for most coins.

In late 1946, the first edition of A Guide Book of United States Coins was published. This became the bible of numismatic pricing for the next 75 years or so. I remember times in the 1970s when dealers would not price coins in inventory until the latest edition of the Red Book was distributed. Most of my early knowledge of rare coins came from memorizing as much as possible of the Red Book.

We now live in the information age, and coin collectors have been a huge beneficiary of this new trend. Because of the many price guides, auction records, and population information, the hobby is now more transparent than ever before. In my opinion, this has been one of the biggest drivers for increased collector demand in the last 20 years.

Regardless of their budget, collectors want accurate pricing information before making a purchase. This may sound simple, but I can assure you it is not. For one thing, rare coins are not commodities. Nearly every rare coin is different in appearance – even in the exact same grade. We have discussed this many times over the years. Eye appeal and general appearance can greatly impact the value of a coin. This is very hard to convey in price guides.

Most price guides list prices for the imaginary “average” coin for the grade. Therefore, actual coins can trade over a wide price range based on appearance. This can be easily observed by attending any major rare coin auction.

There is also much discussion about what constitutes wholesale and retail prices for rare coins. Many have a hard time defining the term “retail”. Because of the abundance of pricing information available to most retail collectors, the standard markups of times past are hard to sustain for many retail companies. I can safely state that there has been a huge blurring of the line between what is wholesale and what is retail in today’s marketplace.

Many consider price guides to be a problem for the hobby, and I have heard dealers complain about too much information being available to collectors. In my opinion, it is not much different than the pricing pressures nearly every retail company in the United States faces. Consumers can price-shop with a few clicks of their phone for everything from socks to automobiles. In the long run, this transparency will greatly increase volume for many players, but profit margins will continue to be squeezed. Rare coin consumers are the winner.

There are now more tools than ever for the average or advanced collector. With the purchase of Whitman Publishing (and therefore the Red Book) by CDN, there will be new and improved pricing information available to collectors at all levels. Because of the resources being devoted to numismatic information, now is the best time in the history of the hobby for collectors to buy coins at the lowest possible markup. Be sure to use the information you now have available to your fullest advantage.

Jeff Garrett bio

* * *

 

Rare Coin Gallery

 

* * *

The post The Red Book Changes Hands: Jeff Garrett appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

jeff_garrett_ana

A Golden Opportunity for U.S. Gold Coins: Jeff Garrett

Saint-Gaudens Double Eagle Gold Coins.

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) ……
Jeff Garrett, Courtesy Numismatic Guaranty Company (NGC)In the last few weeks, gold has finally started to move in a positive direction as it briefly topped $2,000 USD for the first time in months. Tensions over global conflicts have once again made gold look attractive as a safety play. Almost daily we have clients calling and asking about how to buy gold to protect their assets. It will only take one headline crisis for gold to move to the next level.

The most immediate effect of the recent gold rise has been an upsurge in coin shipments. I would also guess that companies with a strong web presence that are devoted to bullion have also seen an increase in business. Many dealers whom I have contacted have bought much more than they have been selling. That is one of the reasons that the premiums for bullion-related objects are near recent lows.

This oversupply is also playing out in the rare and nearly rare coin market. Generic date, common issues of United States gold coins are selling for very low premiums once again. Much of this surplus is fueled by an avalanche of pre-1933 gold coins flowing back to the U.S. from Europe. During the Great Depression (1929-39) and before, large quantities of American gold coins were shipped to Europe as a standard course of international trade. No one really knew how much U.S. gold remained lurking in the vaults of European banks and other financial institutions.

Starting in the 1950s, some coin dealers began to repatriate these coins at a slow but steady pace. In the ’60s and ’70s, some previously rare-dated $20 double eagles appeared in these European shipments. Mega-rarities like the 1924-D, the 1925-D, and the 1926-S were found in quantity. A great narrative of this time period can be found in the seminal books on United States gold coins by David W. Akers that were first published in the 1970s. Akers knew much of this information firsthand, as he had handled many of these mini-hoards.

Many of the largest dealers of the day participated in this release of gold coins back into the domestic market. For years, that market has been orderly, with premiums changing based on the supply-and-demand issues of the day. In 1999, the premium for U.S. gold coins surged as citizens around the world prepared for the Y2K crisis that never materialized. There have been other ups and downs over the years, but gold coins have been a steady favorite of investors and those serving that clientele.

Today, the rare coin market is being faced with an unprecedented quantity of gold coins. These coins have been quietly entering the market for some time, but in the last few years some retailers have been loudly touting this newfound supply of U.S. gold coinage. At least one cable TV show has invested in a high-quality presentation featuring the story of these gold coins, and how they found their way to Europe for the last 100 years or more. Other retail operations have been running newspaper ads and selling by direct mail.

By now you are probably thinking that this part of the market should be avoided due to oversupply. I urge you to consider otherwise. There has never been a better time to start a collection of United States gold coins. Premiums for most double eagles, other than scarce or rare issues, have been crushed in the last year or so.

There is also a lot of market uncertainty due to the fact that no one really knows what is in the recent flows coming from Europe. A few of the major players have an idea, but I doubt any one person or group knows the full extent of what exists in these foreign holdings. Markets hate uncertainty, and that is one of the reasons prices have fallen so much. In time, this will be resolved as the coins are absorbed and more information becomes clear to researchers and collectors.

The knee-jerk reaction of most collectors and dealers is to fear large quantities of coins when they enter the market. Several years ago, when I handled the 16,000 coins in the New York Bank Hoard of Treasury-released silver dollars, I was asked by several dealers if this would kill the market for Morgan dollars. These individuals far underestimate the size of the market for rare coins. Those coins were sold to one company that sold every coin for retail, and the market was unaffected.

Going back decades, the same fears were felt when the Redfield Hoard of silver dollars entered the market. That hoard contained over 400,000 silver dollars, many of which were rare dates. The coins were expertly marketed, and prices actually rose based on the number of new collectors that were attracted to the hobby by the fascinating story of LaVere Redfield and his silver dollars. It should also be remembered that the GSA Hoard of Carson City Morgan dollars contained over 2.5 million coins, and these have now been fully dispersed and are widely collected.

The same opportunity awaits those interested in American gold coins, particularly double eagles. Savvy collectors and investors should take advantage of this market uncertainty and amazingly low prices. Many collectors are probably unaware of how many date and mintmark combinations of double dagles can be purchased for very little over the melt value.

The following is a list of 125 double eagles that can be purchased for less than $2,500 in About Uncirculated or Mint State:

1851, 1852, 1853, 1855, 1855-S, 1856, 1856-S, 1857, 1857-S, 1858-S, 1859-S, 1860, 1860-S, 1861, 1861-S, 1864-S, 1865-S, 1866 With Motto, 1866-S With Motto, 1867, 1867-S, 1868-S, 1869, 1869-S, 1870, 1870-S, 1871, 1871-S, 1872, 1872-S, 1873 Close 3, 1873 Open 3, 1873-S Close 3, 1873-S Open 3, 1874, 1874-S, 1875, 1875-S, 1876, 1876-S, 1877, 1877-S, 1878, 1878-S, 1879, 1879-S, 1880, 1880-S, 1881-S, 1882-S, 1883-S, 1884-S, 1885-S, 1887-S, 1888, 1888-S, 1889, 1889-S, 1890, 1890-S, 1891-S, 1892-S, 1893, 1893-S, 1894, 1894-S, 1895, 1895-S, 1896, 1896-S, 1897, 1897-S, 1898, 1898-S, 1899, 1899-S, 1900, 1900-S, 1901, 1901-S, 1902, 1902-S, 1903, 1903-S, 1904, 1904-S, 1905, 1905-S, 1906, 1906-D, 1906-S, 1907, 1907 Arabic Numerals, 1907-D, 1907-S, 1908 No Motto, 1908 With Motto, 1908-D No Motto, 1908-D With Motto, 1909, 1909-S, 1910, 1910-D, 1910-S, 1911, 1911-D, 1911-S, 1912, 1913, 1913-D, 1914, 1914-D, 1914-S, 1915, 1915-S, 1916-S, 1920, 1922, 1923, 1923-D, 1924, 1925, 1926, 1927, 1928

For those who find the starting price a bit high for double eagles, you might consider $5 half eagle and $10 eagle gold coins. Most groups of European gold have never contained the smaller denominations (Gold Dollars and $2.50 quarter eagles). The above mentioned, however, are often seen in quantity. There are dozens of dates for beginner collectors to choose from, and starting a set of these has never been more affordable in relation to gold.

The most recent groups of gold have also contained some interesting coins starting in the 1840s. Nearly every United States Mint (with the exception of Dahlonega and Charlotte) that produced gold coins is represented as well, including Carson City and New Orleans. The majority of the coins I have seen have also been fresh and original. The collector-driven market for originality makes these particularly appealing.

Someday soon the dispersal of European gold will be over, and this golden opportunity will have passed. As value investor Warren Buffett has been quoted as saying, “Attempt to be fearful when others are greedy, and to be greedy only when others are fearful.” In my opinion, this wisdom holds just as true in numismatics as it does in the stock market.

Jeff Garrett bio

* * *

 

Rare Coin Gallery

 

* * *

The post A Golden Opportunity for U.S. Gold Coins: Jeff Garrett appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

The Morgan 50 Set is Now a Competitive Set on the NGC Registry

NGC Introduces the Morgan 50 Registry Set.
NGC Introduces the Morgan 50 Registry Set.

A Morgan Dollar Collection Every Collector Can Complete

Designed to fit the budget of every collector but still offer a longterm challenge and collecting goal, The Morgan 50 Registry Set by NGC is comprised of fifty uncirculated Morgan dollars struck from 1878 to 1921. In certified MS63 grades, each coin has a retail value of between $75 and $400 USD, with most averaging under $125. These coins are affordable enough that any collector of Modern U.S. Mint material will have the ability to complete the set.

The Morgan Dollar series is a large and complex series of coins to collect, with several rare issues, many interesting varieties, and Proof versions. As coin prices continue to rise, however, the ability for beginner and intermediate collectors to complete a matching set gets harder and harder.

Nevertheless, there are ways to approach the set where completion is possible. CoinWeek’s Charles Morgan teamed up with coin dealer Russ Augustin (AU Capital Management, RARCOA) to help develop this innovative new set collecting idea for the Morgan Dollar series. In selecting 50 coins, Russ and Charles focused on issues from all five Morgan dollar-producing mints, including Philadelphia, New Orleans, and the western San Francisco, Carson City, and Denver mints.

They discuss the coins of The Morgan 50 in the set in the videos below.

Part I: The Philly Strikes

 

Part II: New Orleans Strikes

 

To learn more, visit www.ngc.com.

To view Russ’ current inventory of Morgan dollars, gold coins, and more, visit www.aucm.com.

* * *

The post The Morgan 50 Set is Now a Competitive Set on the NGC Registry appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

The Morgan 50 Now a Competitive Set on the NGC Registry

NGC Introduces the Morgan 50 Registry Set.
NGC Introduces the Morgan 50 Registry Set.

The Morgan 50 – A Morgan Dollar Collection Every Collector Can Complete

Designed to fit the budget of every collector but still offer a longterm challenge and collecting goal, The Morgan 50 Registry Set by NGC is comprised of fifty uncirculated Morgan dollars struck from 1878 to 1921. In certified MS63 grades, each coin has a retail value of between $75 and $400 USD, with most averaging under $125. These coins are affordable enough that any collector of Modern U.S. Mint material will have the ability to complete the set.

The Morgan Dollar series is a large and complex series of coins to collect, with several rare issues, many interesting varieties, and Proof versions. As coin prices continue to rise, however, the ability for beginner and intermediate collectors to complete a matching set gets harder and harder.

Nevertheless, there are ways to approach the set where completion is possible. CoinWeek’s Charles Morgan teamed up with coin dealer Russ Augustin (AU Capital Management, RARCOA) to help develop this innovative new set collecting idea for the Morgan Dollar series. In selecting 50 coins, Russ and Charles focused on issues from all five Morgan dollar-producing mints, including Philadelphia, New Orleans, and the western San Francisco, Carson City, and Denver mints.

They discuss the coins of The Morgan 50 in the set in the videos below.

Part I: The Philly Strikes

 

Part II: New Orleans Strikes

 

To learn more, visit www.ngc.com.

To view Russ’ current inventory of Morgan dollars, gold coins, and more, visit www.aucm.com.

* * *

The post The Morgan 50 Now a Competitive Set on the NGC Registry appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Perfectly Circulated Coins: Jeff Garrett

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Much attention in numismatics is focused on quality. One of the most common pieces of wisdom dispensed by experienced numismatists is to buy the best you can afford. The purpose of this article is to highlight the fact that the pursuit of quality is not limited […]

The post Perfectly Circulated Coins: Jeff Garrett appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Why Rare Coin Security Is So Important

Whether a dealer or collector, here are some tips and suggestions for protecting your rare coins   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… The rare coin business produces billions of dollars in revenue each year. In fact, a few companies can boast of billion-dollar-plus revenues individually. With this much money floating around, […]

The post Jeff Garrett: Why Rare Coin Security Is So Important appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

NGCX Certifies Trading Coin

Numismatic Guaranty Company (NGC) has announced that NGCX is certifying precious metal legal tender trading coins created by Celebrity Mint. NGCX, of course, certifies coins according to a 10-point grading scale designed to be more analogous to the grading systems used to grade other collectibles. The low-mintage trading coins, which feature sports celebrities and pop […]

The post NGCX Certifies Trading Coin appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Great Stories Make Coins Great

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) ……   Shortly after finding out that I am a rare coin dealer, new acquaintances will often begin to ask about coin collecting. One of the first questions many people ask is: What are the most expensive coins? Most are astounded when told that a gold coin […]

The post Jeff Garrett: Great Stories Make Coins Great appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Rising Interest Rates and the Rare Coin Market

The effects of higher costs for borrowing money are rippling through the numismatic marketplace   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… During the day, my office television is usually set on CNBC for the latest financial headlines. For nearly a year now, the news channel has been hyper-focused on the Federal Reserve […]

The post Jeff Garrett: Rising Interest Rates and the Rare Coin Market appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Tips on How to Collect Capped Bust Half Dollars

The early silver series can be rewarding, regardless of whether you collect by variety   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… When I wrote an article recently about collecting coins by die variety, Capped Bust Half Dollars were one of the series mentioned. The series, which was produced from 1807 to 1836, […]

The post Jeff Garrett: Tips on How to Collect Capped Bust Half Dollars appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Becoming a Professional Numismatist

If you want to work with coins for a living, here are some ideas on where to start   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… One of the most amazing developments in numismatics recently has been the explosion of sharp young people entering the business. There are at least 50 to 100 […]

The post Jeff Garrett: Becoming a Professional Numismatist appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jim Bisognani: Starting a Numismatic Journey

Whether collecting US or world coins, everyone starts somewhere. Jim reflects on his own journey and interviews a friend on how he started his.   By Jim Bisognani – NGC Weekly Market Report …… It is the last day of August. For some of you, that may not mean much. But for me, having been […]

The post Jim Bisognani: Starting a Numismatic Journey appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Buying the 1913 Liberty Nickel

One does not quickly forget placing a multi-million-dollar winning bid on one of the rarest US coins   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… This month’s 2023 ANA convention marks the 20th anniversary of the rediscovery of the missing Walton 1913 Liberty nickel. I was asked to be part of the team […]

The post Jeff Garrett: Buying the 1913 Liberty Nickel appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Stack’s Bowers Offers Royal Succession Coins Certified by NGC

Numismatic Guaranty Company (NGC) is honored to have certified a magnificent group of coins that mark the historic transition of British coinage from Queen Elizabeth II to King Charles III. Stack’s Bowers Galleries in has partnered with The Royal Mint in London to offer the last 500 coins struck with the queen’s portrait and the […]

The post Stack’s Bowers Offers Royal Succession Coins Certified by NGC appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Tips for Cherrypicking by Coin Variety

Jeff Garrett shares suggestions on how to tackle collecting die varieties   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… One of the most highly anticipated numismatic books of the year is the just-released Cherrypickers’ Guide to Rare Die Varieties of United States Coins, Sixth Edition, Volume II. The book was released on Monday, […]

The post Jeff Garrett: Tips for Cherrypicking by Coin Variety appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

NGC to Host Free Coin Grading Contest at World’s Fair of Money

Numismatic Guaranty Company (NGC) announces that it will hold a free coin grading contest at the 2023 ANA World’s Fair of Money in Pittsburgh, Pennsylvania, taking place August 8-11. The NGC Coin Grading Contest will be open to anyone age 13 and older. Each participant will be given 10 minutes to grade 15 coins at […]

The post NGC to Host Free Coin Grading Contest at World’s Fair of Money appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

NGC Introduces High-Security Hologram With Unique QR Codes

Numismatic Guaranty Company (NGC) is introducing a new high-security hologram as part of its comprehensive efforts to combat counterfeiting and create a safer marketplace for NGC-certified coins, tokens, and medals. Among the innovative hologram enhancements are a QR code and a numerical security code that are unique to the specific encapsulated collectible, making it extremely […]

The post NGC Introduces High-Security Hologram With Unique QR Codes appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

NGC Counterfeit Detection: 2002 American Silver Eagle

A counterfeiter hoped that this computer-generated fake would fly under the radar   By Numismatic Guaranty Company (NGC) …… The American Silver Eagle is the flagship silver bullion coin of the United States. Its obverse features Adolph A. Weinman’s renowned Walking Liberty design used on the half dollar from 1917 to 1947. From its inception […]

The post NGC Counterfeit Detection: 2002 American Silver Eagle appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: ANA World’s Fair of Money – America’s Greatest Coin Show

By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… In the next few weeks, everyone in my company will be making plans for the upcoming World’s Fair of Money that will take place in Pittsburgh, Pennsylvania from August 8-12, 2023. The show is put on by the American Numismatic Association (ANA), with the organization holding […]

The post Jeff Garrett: ANA World’s Fair of Money – America’s Greatest Coin Show appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Collecting Twenty Cent Pieces (1875-1878)

Considering a new series to collect? Here is a brief guide to collecting US Twenty Cent pieces, an intriguing “oddball” denomination   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… One common theme of the many subjects we have discussed over the last several years has been deciding what to collect. This seemingly simple […]

The post Jeff Garrett: Collecting Twenty Cent Pieces (1875-1878) appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

NGC Counterfeit Detection: 1873 Half Dollar

Don’t be fooled by this coin, which bears a lot of obvious red flags   By Numismatic Guaranty Company (NGC) …… A few weight changes occurred during the Seated Liberty half dollar series (1839-91). At the outset in 1839, the half dollars were struck on planchets that weighed 13.36g. This weight was decreased to 12.44g […]

The post NGC Counterfeit Detection: 1873 Half Dollar appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Mark Salzberg Announces Retirement From NGC, CCG

NGC Chairman Mark Salzberg has announced that he will retire at the end of June 2023. His retirement is the culmination of a nearly four-decade career with the Certified Collectibles Group (CCG), during which Salzberg made numerous highly impactful contributions to the world of collectibles. Salzberg joined the Certified Collectibles Group in 1988, when it […]

The post Mark Salzberg Announces Retirement From NGC, CCG appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

NGC Counterfeit Detection: 2023 American Silver Eagle

There are numerous design flaws noted on this fake that reveal it is a poor imitation of one of the United States’ most beautiful coins.   By Numismatic Guaranty Company (NGC) …… The obverse of the modern American Silver Eagle bullion coin features the magnificent Adolph A. Weinman design from the Walking Liberty Half Dollar […]

The post NGC Counterfeit Detection: 2023 American Silver Eagle appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: The Case for “Key Date” Coins

When deciding which rare coins to collect, don’t automatically write off “Key Date” issues of coins, but you’ll need a plan   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… Choosing which coin series to collect is one of the first challenges facing those new to the hobby. There are dozens to choose from, […]

The post Jeff Garrett: The Case for “Key Date” Coins appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1903 Barber Dime

Just because a Barber dime is not a great rarity doesn’t mean it won’t be a target for counterfeiters   The Barber Dime series (1892-1916) holds one of the greatest rarities in United States numismatics: the 1894-S. Fewer than a dozen of these Proof coins are currently known to the collecting world, and on the […]

The post Counterfeit Coin Detection – 1903 Barber Dime appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Becoming a Professional Coin Dealer

By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… Recruiting and training young people in the rare coin business has been a focus within numismatics in recent history. Hobby leaders recognize the need to replenish the aging ranks. Many of the most important coin dealers in the country started in the 1970s and are now […]

The post Jeff Garrett: Becoming a Professional Coin Dealer appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: When Modern Coin Mintage Figures Matter

The 2023 Morgan and Peace Dollars will be closely watched because they are popular and being produced in limited numbers   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… The United States Mint strikes more than 10 billion circulating coins each year. By any measure, that’s a lot of coins, and most of them […]

The post Jeff Garrett: When Modern Coin Mintage Figures Matter appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1861 Seated Liberty Quarter

A counterfeiter was hoping that this transplanted mintmark would fly under the radar   By Numismatic Guaranty Company (NGC) ….. In 1855, the relatively new San Francisco Mint began striking quarters. At first, annual mintages were typically only a fraction of what was produced at the Philadelphia Mint. For instance, the 1861-S has a mintage […]

The post Counterfeit Coin Detection – 1861 Seated Liberty Quarter appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

1st-Ever NGC-Certified Shipwreck Gold Bar in Treasure Auction 33

The first-ever shipwreck treasure gold bar encapsulated by NGC will cross the auction block in Daniel Frank Sedwick, LLC’s upcoming Treasure Auction 33. The unique Colombian gold “finger” bar was lost for over 330 years in the sinking of the Spanish treasure galleon Maravillas on January 5, 1656, off Grand Bahama Island. The bar will […]

The post 1st-Ever NGC-Certified Shipwreck Gold Bar in Treasure Auction 33 appeared first on CoinWeek: Numismatic & Coin Collecting News.

Continue Reading on CoinWeek

1st-Ever NGC-Certified Shipwreck Gold Bar in Treasure Auction 33

The first-ever shipwreck treasure gold bar encapsulated by NGC will cross the auction block in Daniel Frank Sedwick, LLC’s upcoming Treasure Auction 33. The unique Colombian gold “finger” bar was lost for over 330 years in the sinking of the Spanish treasure galleon Maravillas on January 5, 1656, off Grand Bahama Island. The bar will […]

The post 1st-Ever NGC-Certified Shipwreck Gold Bar in Treasure Auction 33 appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

1st-Ever NGC-Certified Shipwreck Gold Bar in Treasure Auction 33

The first-ever shipwreck treasure gold bar encapsulated by NGC will cross the auction block in Daniel Frank Sedwick, LLC’s upcoming Treasure Auction 33. The unique Colombian gold “finger” bar was lost for over 330 years in the sinking of the Spanish treasure galleon Maravillas on January 5, 1656, off Grand Bahama Island. The bar will […]

The post 1st-Ever NGC-Certified Shipwreck Gold Bar in Treasure Auction 33 appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1915 Indian Head Eagle

Despite actually being made of gold, this coin gave graders déjà vu   Counterfeit 1915 Indian Head Eagle by Numismatic Guaranty Company (NGC) ….. The United States struck Indian Head eagles (gold $10 coins) from 1907 until 1933, when it stopped minting gold coins and criminalized the private accumulation of the precious metal. Only a […]

The post Counterfeit Coin Detection – 1915 Indian Head Eagle appeared first on CoinWeek: Numismatic & Coin Collecting News.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1915 Indian Head Eagle

Despite actually being made of gold, this coin gave graders déjà vu   Counterfeit 1915 Indian Head Eagle by Numismatic Guaranty Company (NGC) ….. The United States struck Indian Head eagles (gold $10 coins) from 1907 until 1933, when it stopped minting gold coins and criminalized the private accumulation of the precious metal. Only a […]

The post Counterfeit Coin Detection – 1915 Indian Head Eagle appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1915 Indian Head Eagle

Despite actually being made of gold, this coin gave graders déjà vu   Counterfeit 1915 Indian Head Eagle by Numismatic Guaranty Company (NGC) ….. The United States struck Indian Head eagles (gold $10 coins) from 1907 until 1933, when it stopped minting gold coins and criminalized the private accumulation of the precious metal. Only a […]

The post Counterfeit Coin Detection – 1915 Indian Head Eagle appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1927 Vermont Half Dollar

By Numismatic Guaranty Company (NGC) ….. The 1927 Vermont Sesquicentennial half dollar commemorates the Battle of Bennington, a key victory against the British in the Revolutionary War. The obverse of the coin celebrates the “Founder of Vermont” Ira Allen, a leader of the Green Mountain Boys militia. The reverse shows a cougar (also known as […]

The post Counterfeit Coin Detection – 1927 Vermont Half Dollar appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Coin Theft Suspects Caught With Help From NGC and NCIC

Two people were charged in connection with the thefts of rare coins and bullion coins mailed to customers from Beaumont, Texas. One of the suspects was an employee of the United States Postal Service (USPS) who is now awaiting federal sentencing along with forfeiture of funds. The other suspect was her adult son who died […]

The post Coin Theft Suspects Caught With Help From NGC and NCIC appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1878-S and -CC Trade Dollars

By Numismatic Guaranty Company (NGC) ….. The United States Mint had high hopes when it introduced the Trade dollar in 1873. Silver miners believed that the Chinese market held incredible potential, but it never lived up to expectations. Millions of Trade dollars also found their way into circulation in the U.S. at a time when […]

The post Counterfeit Coin Detection – 1878-S and -CC Trade Dollars appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: The Importance of Coin Shows

By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… Based on many conversations and observations in the last several months, the premise of the title for this article would be debatable at best. A few coin shows have stumbled recently, and social media is rife with grumbling from dealers who are shunning such events. The […]

The post Jeff Garrett: The Importance of Coin Shows appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1802/0 Half Cent

Telltale clues indicate this fake originated from a later coin   By Numismatic Guaranty Company (NGC) ….. The early years of the United States Mint saw some rather uncouth practices in striking coins that would not be tolerated today, such as the creation of “overdates”, in which a die from a previous year was repunched […]

The post Counterfeit Coin Detection – 1802/0 Half Cent appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: Collecting Silver Dollar Varieties

By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… Collecting United States coins by die variety has its origins in early copper coinage. Some of the first specialty books for U.S. coins were for Colonial coinage and Large Cents. Generations of collectors have been searching for rare varieties of these early copper coins. Over time, […]

The post Jeff Garrett: Collecting Silver Dollar Varieties appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – Altered 1922 Grant Commemorative Half Dollar

By Numismatic Guaranty Company (NGC) ….. The classic commemorative series, while full of some of the best-designed United States coins of the 20th century, essentially was used to make money for various causes. Such was the case with the 1922 Grant commemorative half dollars. In 1921, the Ulysses S. Grant Centenary Association wanted to coordinate […]

The post Counterfeit Coin Detection – Altered 1922 Grant Commemorative Half Dollar appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: The Box of Twenty Approach to Coin Collecting

By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… One of the greatest innovations in the history of the hobby was the introduction of coin boards in the 1930s. Coin collecting was a fad during the Great Depression for those seeking a distraction from the world’s maladies. The process of filling holes in a coin […]

The post Jeff Garrett: The Box of Twenty Approach to Coin Collecting appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Jeff Garrett: The Box of Twenty Approach to Coin Collecting

By Jeff Garrett for NGC (Numismatic Guaranty Corporation) ……   One of the greatest innovations in the history of the hobby was the introduction of coin boards in the 1930s. Coin collecting was a fad during the Great Depression for those seeking a distraction from the world’s maladies. The process of filling holes in a […]

The post Jeff Garrett: The Box of Twenty Approach to Coin Collecting appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1954-D Quarter Mint Error

The coin is real, but the second strike error is not   By Numismatic Guaranty Company (NGC) …..   In 1954, the Denver Mint struck over 42 million Washington quarters. Given this high mintage, the coins in lower grades are usually not worth much more than the intrinsic value of the silver they contain. A […]

The post Counterfeit Coin Detection – 1954-D Quarter Mint Error appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

NGC on Global Growth, Technology, and New Grading Scale: An Interview with Mark Salzberg

On October 17, CoinWeek published a lengthy interview with CAC founder John Albanese in which we discussed the formulation of PCGS, NGC, and CAC; how perspectives on grading have evolved over time; and what John’s goals are for the new CAC grading service. As CoinWeek is an independent news organization, we reached out to PCGS […]

The post NGC on Global Growth, Technology, and New Grading Scale: An Interview with Mark Salzberg appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: The Art of Submitting Rare Coins for Grading

Here’s an in-depth guide on how to submit your coins to NGC in the most efficient and cost-effective way possible   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… Numismatic publications are full of headlines about seemingly low-value coins bringing amazing sums in ultra-condition. I have personally observed lines of people at rare coin […]

The post Jeff Garrett: The Art of Submitting Rare Coins for Grading appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: The Art of Submitting Rare Coins for Grading

Here’s an in-depth guide on how to submit your coins to NGC in the most efficient and cost-effective way possible   By Jeff Garrett for NGC (Numismatic Guaranty Corporation) ……   Numismatic publications are full of headlines about seemingly low-value coins bringing amazing sums in ultra-condition. I have personally observed lines of people at rare […]

The post Jeff Garrett: The Art of Submitting Rare Coins for Grading appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Counterfeit Detection: 1809 Large Cent

This fake has problems with both its weight and its composition   By Numismatic Guaranty Company (NGC) …… The United States Mint issued the Classic Head Cent series from 1808 to 1814. Generally, these coins can sell for hundreds if not thousands of dollars. Lower-quality copper was used to create the blanks, so many were […]

The post NGC Counterfeit Detection: 1809 Large Cent appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: The Importance of Professional Collecting Advice

By Jeff Garrett for NGC (Numismatic Guaranty Corporation) …… Several years ago, while attending the Whitman Baltimore Convention, I had the pleasure of spending some time talking to numismatic legend Harvey Stack. When Harvey passed away early this year, we all lost an important link to numismatic history. Thankfully, Harvey had produced a long series […]

The post Jeff Garrett: The Importance of Professional Collecting Advice appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Counterfeit Detection: 1908 Quarter Eagle

The problems with this low-quality fake start with a glaring error   By Numismatic Guaranty Company (NGC) …… The Indian Head Quarter Eagle series that began in 1908 was born from President Theodore Roosevelt’s displeasure with the designs on US coinage at the turn of the century. The ensuing rebirth of America’s coinage was carried […]

The post NGC Counterfeit Detection: 1908 Quarter Eagle appeared first on CoinWeek.

Continue Reading on CoinWeek

Gobrecht Silver Dollars – The Most Misunderstood Coin

1836 C. GOBRECHT name below base, stars in obverse field, plain edge. Die alignment: eagles flies level, coin turn and eagle flies level medal turn. Judd-58 Gobrecht Silver Dollars by Jeff Garrett for NGC (Numismatic Guaranty Corporation) ……   The Gobrecht Silver Dollar is a complicated yet fascinating series. At first glance, many would think […]

The post Gobrecht Silver Dollars – The Most Misunderstood Coin appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Counterfeit Detection: 1884-CC Morgan Dollar

By Numismatic Guaranty Company (NGC) …… The 1884-CC was once considered one of the greatest rarities of the Morgan Dollar series. However, the GSA sales half a century ago included nearly one million coins, over 80% of the original mintage. Nevertheless, examples in Mint State can still sell today for hundreds or even thousands of […]

The post NGC Counterfeit Detection: 1884-CC Morgan Dollar appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Introduces King Charles III Special Label

As a new era commences for the English monarchy, The Royal Mint is releasing memorial coins featuring the late Queen and, for the first time, the new King. Numismatic Guaranty Company (NGC) is celebrating the release with a special label to complement coins featuring King Charles III. The Royal Mint is a storied and innovative […]

The post NGC Introduces King Charles III Special Label appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Counterfeit Coin Detection: Walking Liberty Half Dollars

A fistful of what appeared to be vintage silver coins turned out to be fakes   A couple of years ago, NGC received a submission of 14 seemingly Gem Uncirculated Walking Liberty half dollars. While they have odd luster and surfaces, the coins are quite flashy. From a distance, they may even appear quite attractive. […]

The post NGC Counterfeit Coin Detection: Walking Liberty Half Dollars appeared first on CoinWeek.

Continue Reading on CoinWeek

English Gold Coins From Ellerby Hoard Realize $800,000+ in Spink Sale

A group of 264 vintage English gold coins almost entirely certified by Numismatic Guaranty Company (NGC) realized £754,000 (about $837,000) in a Spink & Son auction. The sale of the Ellerby Area Hoard, found during the remodeling of a historic English home, was held on October 7, 2022. The top lot in the sale was […]

The post English Gold Coins From Ellerby Hoard Realize $800,000+ in Spink Sale appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Counterfeit Coin Detection: 2000-P American Silver Eagle

This spurious issue includes fuzzy details and missing elements   The American Silver Eagle is one of the most popular coin series in the world. In fact, more than half a billion have been struck in a number of different finishes since it was introduced in 1986. The majority of Silver Eagles are bullion issues […]

The post NGC Counterfeit Coin Detection: 2000-P American Silver Eagle appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Collecting American Gold Eagles

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… The recently completed Stack’s Bowers sales featuring the first and last American Silver and Gold Eagles saw record prices for pedigreed modern coins sold at auction, stunning most observers. Touted as the Dusk to Dawn Anniversary issues, the coins were the last 500 Type 1 and […]

The post Jeff Garrett: Collecting American Gold Eagles appeared first on CoinWeek.

Continue Reading on CoinWeek

Gadoury Monaco Auction Features European Gold Rarities Certified by NGC

By Numismatic Guaranty Company (NGC) ……   The October 2022 sale features several NGC-graded coins likely to realize six figures. An upcoming Éditions V. Gadoury auction features two rare gold coins that are certified by Numismatic Guaranty Company (NGC): one from the Italian king with the longest reign and the other from a purported French king who […]

The post Gadoury Monaco Auction Features European Gold Rarities Certified by NGC appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Counterfeit Coin Detection: 1867 Indian Head Cent

The numbers just don’t add up on this fake coin   By Numismatic Guaranty Company (NGC) …… The Indian Head Cent series of 1859-1909 remains one of the most popular with collectors of US coins. It covers a period from just before the Civil War to just before World War I. There are no stoppers […]

The post NGC Counterfeit Coin Detection: 1867 Indian Head Cent appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Counterfeit Coin Detection: Altered 1893 Morgan Dollar

A mintmark was added to this silver coin to make it look like a valuable Carson City example   By Numismatic Guaranty Company (NGC) …… As Morgan Dollar collectors know, 1893 was a very interesting year for the beloved silver series. The United States Mint struck Morgans at four facilities that year: Carson City (‘CC’ […]

The post NGC Counterfeit Coin Detection: Altered 1893 Morgan Dollar appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: What To Do When There Are No Price Guides

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Establishing the value of a rare coin is one of the basic requirements for being a professional coin dealer. Most use the usual price guides, such as the Greysheet or the Red Book, auction records, grading service price guides, population reports, and many other pricing tools. […]

The post Jeff Garrett: What To Do When There Are No Price Guides appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1922 No D Lincoln Cent

Counterfeit 1922 No D Lincoln cent   By Max Spiegel –  Numismatic Guaranty Corporation ……   The 1922 No D Lincoln cent has long been popular with counterfeiters but rarely do they go to the trouble of making dies. As a well-known rarity, the 1922 No D Lincoln cent has been the target of counterfeiters […]

The post Counterfeit Coin Detection – 1922 No D Lincoln Cent appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection: 1880-CC Morgan Dollar

This fake is mostly copper, but even if you didn’t know that, there are other red flags   By Numismatic Guaranty Company (NGC) …… The 1880-CC Morgan Dollar had a mintage of slightly under half a million. The NGC Price Guide indicates that even heavily circulated examples are worth at least $100 USD, with expected […]

The post Counterfeit Coin Detection: 1880-CC Morgan Dollar appeared first on CoinWeek.

Continue Reading on CoinWeek

Eight NGC Team Members Named Among Most Influential in Numismatics

Numismatic Guaranty Company (NGC) announces that eight of its experts are included in the latest list of Coin World’s Most Influential People in Numismatics. Established in 1987, NGC is celebrating a number of milestones this year, including its 35th anniversary and 55 million coins certified. Mark Salzberg – NGC Chairman Mark Salzberg, NGC Chairman, is […]

The post Eight NGC Team Members Named Among Most Influential in Numismatics appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Tips for Collecting Twenty Cent Pieces

An important question for most collectors when tackling this series from the 1870s is: Which coins are beyond my reach?   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Among the most short-lived series of United States coins are the Twenty Cent pieces struck from 1875 to 1878. Although the coins were made for […]

The post Jeff Garrett: Tips for Collecting Twenty Cent Pieces appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Do Bullion Prices Still Matter?

While prices of gold and silver have cooled, the collectible coin market is still on a hot streak   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… This afternoon, I saw another slip in the prices for gold and silver. At the time of writing, the spot price of gold stands at $1,710, and […]

The post Jeff Garrett: Do Bullion Prices Still Matter? appeared first on CoinWeek.

Continue Reading on CoinWeek

Group of NGC-Certified Massachusetts Coins Realizes Over $2.9 Million

A group of 128 rare Massachusetts Colonial coins, nearly all certified by Numismatic Guaranty Company (NGC), has realized over $2.9 million in a Heritage Auctions sale. Averaging an astounding $23,000 apiece, the coins from the collection of numismatic researcher Christopher J. Salmon were offered on August 22, 2022. The top lot was a 1652 Willow Tree […]

The post Group of NGC-Certified Massachusetts Coins Realizes Over $2.9 Million appeared first on CoinWeek.

Continue Reading on CoinWeek

Stack’s Bowers Offers Dusk and Dawn Eagles Certified by NGC

Numismatic Guaranty Company (NGC) is proud to have certified 1,000 American Gold Eagles and American Silver Eagles from a historic transition in the coins’ designs. Known as the 2021 American Eagle at Dusk and at Dawn 35th Anniversary coins, they are being offered by the US Mint through Stack’s Bowers Galleries on September 1, 2022. Bidding is […]

The post Stack’s Bowers Offers Dusk and Dawn Eagles Certified by NGC appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Billionaires and the Stratosphere of Numismatics

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Each year about this time (leading up to the ANA World’s Fair of Money), Heritage Auctions and Stack’s Bowers Galleries send their catalogs for their summer auctions. This year’s editions feature over 20 separate catalogs covering ancient and world coins, colonial coinage, early copper coins, regular […]

The post Jeff Garrett: Billionaires and the Stratosphere of Numismatics appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection – The Top 10 Most Common Counterfeit US Coins

The World’s Most Commonly Counterfeited US Coins: The 1909-S VDB Lincoln Cent   Counterfeit Coin Detection by Max Spiegel –  Numismatic Guaranty Company (NGC) ……   A list of the counterfeit US coins most often seen by NGC. NGC has graded more than 33 million coins since it was founded in 1987. Although most of […]

The post Counterfeit Coin Detection – The Top 10 Most Common Counterfeit US Coins appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: 1836 Reeded Edge Half Dollars

Advanced technology led to the production of these scarce coins   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… One of the more interesting kinds of coin made by the United States Mint over the last 200-plus years are those that can be called “transitional issues.” These coins straddle both an old design and […]

The post Jeff Garrett: 1836 Reeded Edge Half Dollars appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Tips for Collecting Indian Half Eagles, Part II

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Link to Part I   In Part I, I began a date-by-date analysis of the very popular Indian Head Half Eagle series. This week, we conclude the series by examining those coins struck from 1911 to 1929. There are some real “killers” in this series, but […]

The post Jeff Garrett: Tips for Collecting Indian Half Eagles, Part II appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Tips for Collecting Indian Half Eagles, Part I

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Recently, I discussed the very popular Indian Quarter Eagle series. The Indian Quarter Eagle set consists of just 15 coins and can be completed with moderate effort and modest funds. This week, I will start with a date-by-date analysis of the Indian Half Eagle series. The […]

The post Jeff Garrett: Tips for Collecting Indian Half Eagles, Part I appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Collecting Barber Coinage

A basic set of Barber coins can be easy to assemble, but there are ways to make it more of a challenge   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… During a recent visit to the vaults of the Smithsonian National Numismatic Collection (NNC), I ran across some amazing numismatic paraphernalia. One of […]

The post Jeff Garrett: Collecting Barber Coinage appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: Coin Auction Innovation

By Jim Bisognani – NGC Weekly Market Report …… I can hardly fathom that it’s June already. This year is almost half over, and it seems like we were just ringing in the New Year. I guess I’m showing my age. I swear, everything seems to be accelerating at a faster rate. It’s not only […]

The post Jim Bisognani: Coin Auction Innovation appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Now Grading London City View Coins

Numismatic Guaranty Company (NGC) is now receiving submissions of The Royal Mint’s City View Coinage, which debuts with the City of London. Sovereign Rarities and Numismatica Genevensis SA collaborated with The Royal Mint to issue this exciting new series, celebrating the breathtaking views and cultural significance of famous urban landmarks. The coins are being produced in low […]

The post NGC Now Grading London City View Coins appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Weighing the Opportunities in Coin Collecting

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Whenever someone sits down with a financial consultant to make determinations for investing, one of the first questions that might be asked is: “What is your tolerance for risk?” This question is crucial for several reasons and can be applied to your numismatic purchases. The fact […]

The post Jeff Garrett: Weighing the Opportunities in Coin Collecting appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC-Certified Coins From SINCONA British Collection Realize $5.8 Million

With a highly prized Una and the Lion leading the way, more than 400 rare coins from a phenomenal collection of British coins certified by Numismatic Guaranty Company (NGC) realized CHF 5.8 million (about $5.8 million USD). Presented by renowned Swiss auction house SINCONA, the sale included gold rarities spanning nearly 600 years of history. SINCONA […]

The post NGC-Certified Coins From SINCONA British Collection Realize $5.8 Million appeared first on CoinWeek.

Continue Reading on CoinWeek

Collecting Classic Silver Commemorative Coinage (1892–1954)

A look at this often-underrated yet highly interesting series   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) ……   For anyone looking for value when trying to decide what to collect, United States commemorative coinage is a great place to start. The series has been one of the biggest laggards over the last decades […]

The post Collecting Classic Silver Commemorative Coinage (1892–1954) appeared first on CoinWeek.

Continue Reading on CoinWeek

Three NGC Vintage Chinese Coins Each Realize Over $1 Million in Taisei Auction

Three highly valuable vintage Chinese coins certified by Numismatic Guaranty Company (NGC) each sold for over $1 million USD in a sale presented by Taisei Coins and The Royal Mint. Seven more NGC-certified Chinese coins realized prices over $250,000 in the sale, which was held April 29, 2022, in Japan. The top lot, which set a […]

The post Three NGC Vintage Chinese Coins Each Realize Over $1 Million in Taisei Auction appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: ANA Summer Seminar – A Chance to Learn From Experts

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… After a nearly three-year hiatus, the ANA Summer Seminar returns to Colorado Springs this year. Strict COVID-19 restrictions at Colorado College forced the cancellation of the iconic numismatic education event for 2020 and 2021. Summer Seminar is one of the best programs the American Numismatic Association […]

The post Jeff Garrett: ANA Summer Seminar – A Chance to Learn From Experts appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1795 Flowing Hair Half Dime

Counterfeit 1795 Half Dime Reverse   By Max Spiegel –  Numismatic Guaranty Corporation ……   Counterfeit half dimes are not particularly common, but NGC graders recently identified a fake 1795 half dime submission. The minuscule half dime was struck from 1794 to 1873, although many also include the pattern 1792 half disme—the first coin struck […]

The post Counterfeit Coin Detection – 1795 Flowing Hair Half Dime appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: At Coin Auctions, It Pays to Have an Expert by Your Side

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… As nearly everyone who buys rare coins these days knows, a large percentage of the buying and selling happens at auctions. This market has exploded in recent years. Twenty-five years ago, the total dollar amount of rare coins sold at auction in the United States was […]

The post Jeff Garrett: At Coin Auctions, It Pays to Have an Expert by Your Side appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Honors Mike Castle With New Congressional Series Label

Numismatic Guaranty Company (NGC) is proud to announce an exciting new Authentic Hand-Signed label that recognizes the contributions to numismatics made by the Honorable Mike Castle, who served nine terms as a member of the US House of Representatives. Castle was the State of Delaware’s at-large representative in the House from 1993 to 2011, after […]

The post NGC Honors Mike Castle With New Congressional Series Label appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: Celebrating National Coin Week with Classic US Coins

The theme of this year’s event is “Dynamic Designs, Artistic Masterpieces.”   By Jim Bisognani – NGC Weekly Market Report ……   This morning, as I emerged from slumber and made my way to my workspace, I was greeted with another blustery and rainy day here in New Hampshire. But by midday, Mr. Sun has […]

The post Jim Bisognani: Celebrating National Coin Week with Classic US Coins appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: Celebrating National Coin Week with Classic US Coins

The theme of this year’s event is “Dynamic Designs, Artistic Masterpieces.”   By Jim Bisognani – NGC Weekly Market Report …… This morning, as I emerged from slumber and made my way to my workspace, I was greeted with another blustery and rainy day here in New Hampshire. But by midday, Mr. Sun has made […]

The post Jim Bisognani: Celebrating National Coin Week with Classic US Coins appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Tips for Collecting Indian Head Quarter Eagles

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Collecting a complete set of any series of United States gold coins is a formidable task. Very few accept the challenge, as most series contain several “stoppers” that make completion almost impossible. Consider Saint-Gaudens Double Eagles as an example. The series starts with the 1907 High […]

The post Jeff Garrett: Tips for Collecting Indian Head Quarter Eagles appeared first on CoinWeek.

Continue Reading on CoinWeek

High-Grade Gold Eagle Certified by NGC Realizes Over $800,000

A high-grade Indian Head Eagle gold coin certified by Numismatic Guaranty Company (NGC) realized $840,000 USD in the Stack’s Bowers Spring 2022 Auction on April 5, 2022. Graded NGC MS 68, the 1907 Wire Rim Indian Head Eagle is among the finest examples known and is surpassed only by a single coin in the NGC Census. Off […]

The post High-Grade Gold Eagle Certified by NGC Realizes Over $800,000 appeared first on CoinWeek.

Continue Reading on CoinWeek

Very Rare NGC-Certified Henry VII Gold Sovereign in Taisei Auction

An extremely rare Type 2 Henry VII Sovereign hand-struck in gold more than 500 years ago and now certified by Numismatic Guaranty Company (NGC) is being offered in an auction presented by Taisei Coins and The Royal Mint. Bidding opens at ¥100,000,000 (about $820,000 USD) for this historic coin in the auction being held in Tokyo on […]

The post Very Rare NGC-Certified Henry VII Gold Sovereign in Taisei Auction appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Tips on How to Collect Capped Bust Half Dollars

The early silver series can be rewarding, regardless of whether you collect by variety   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… When I wrote an article recently about collecting coins by die variety, Capped Bust Half Dollars were one of the series mentioned. The series, which was produced from 1807 to 1836, […]

The post Jeff Garrett: Tips on How to Collect Capped Bust Half Dollars appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: Navigating the Hot Coin Market

By Jim Bisognani – NGC Weekly Market Report …… As I wheeled the trash barrel out last week, I was greeted with far-from-springlike conditions. A biting arctic wind more typical of late January was howling, leaving temps in the 20s. The positives: It was sunny and, for now (I may regret saying it later), all […]

The post Jim Bisognani: Navigating the Hot Coin Market appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1857 Half Cent

Problems abound on the obverse and reverse of this crude fake   By Max Spiegel – Numismatic Guaranty Company (NGC) ……   The Half Cent denomination that had existed since the US started minting its own currency in the late 1700s was legislated out of existence in 1857. Though this year is scarce among the […]

The post Counterfeit Coin Detection – 1857 Half Cent appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Gold Prices are Rising — That’s Good News for Collectors

Previous price spikes sparked new interest in hobby – let’s hope that happens again   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… I began my career in numismatics in the mid-1970s. At the time, precious metal prices played a relatively small role in the market for rare coins. Gold sold for around $150 […]

The post Jeff Garrett: Gold Prices are Rising — That’s Good News for Collectors appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: Conversations With Two Numismatists in Ukraine

The hobby perseveres in a war zone, and a quick look at the pre-1933 US gold coin market   By Jim Bisognani – NGC Weekly Market Report …… As the war in Ukraine rages, I felt duty bound to take a look at some of that besieged country’s numismatics. As this European nation is a […]

The post Jim Bisognani: Conversations With Two Numismatists in Ukraine appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: When Great Collections Are at Auction, It’s Time to Buy

The 1984 sale of the Amon G. Carter Jr. Family Collection was loaded with opportunities   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… In the past couple of years, there have been numerous amazingly great collections sold at auction. According to the Professional Numismatists Guild (PNG), over $550 million in rare coins crossed […]

The post Jeff Garrett: When Great Collections Are at Auction, It’s Time to Buy appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Announces Exclusive Partnership, Special Label for 2022 Purple Heart Commemorative Coin

One of the oldest and most highly regarded US military honors — the Purple Heart — is being recognized with the release of the 2022 Purple Heart Hall of Honor Commemorative Coin program from the United States Mint. Numismatic Guaranty Company (NGC) is excited to announce an exclusive partnership with the National Purple Heart Honor […]

The post NGC Announces Exclusive Partnership, Special Label for 2022 Purple Heart Commemorative Coin appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1908-S Counterfeit Indian Head Cent

1908-S Counterfeit Indian Head Cent   By Max Spiegel – Numismatic Guaranty Company (NGC) ……   The grading room was recently presented with a 1908-S Indian Head cent for certification. The 1908-S cent had the third-lowest mintage in the Indian Head cent series, with 1,115,000 pieces struck. The first of only two San Francisco Mint Indian […]

The post Counterfeit Coin Detection – 1908-S Counterfeit Indian Head Cent appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Whether It’s Coins or Video Games, Try ‘Playing the Spread’

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… About two weeks ago, Heritage Auctions sold an unopened example of a John Madden Football Electronic Arts video game for $480,000 – a stunning price for a video game that was produced by the millions. I’m pretty sure my son had a copy at one time. […]

The post Jeff Garrett: Whether It’s Coins or Video Games, Try ‘Playing the Spread’ appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Presents Last Great Mystery of SS Central America Shipwreck

On September 3, 1857, SS Central America began a voyage from Panama to New York City carrying very important cargo: thousands of freshly minted gold coins from California, desperately needed by New York banks that were facing an economic crisis. Six days later, the ship found itself in the grips of a Category 2 hurricane […]

The post NGC Presents Last Great Mystery of SS Central America Shipwreck appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC to Reveal Lost Treasure From SS Central America

On February 14, 2022, NGC (Numismatic Guaranty Company) will reveal 123 coins recovered from the SS Central America shipwreck, now certified and preserved for posterity. Known today as the “Ship of Gold”, Central America sank during a hurricane in 1857 while carrying an enormous treasure of gold bars and coins from the height of the […]

The post NGC to Reveal Lost Treasure From SS Central America appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: The Rare Coin Market Is Hot – Here’s How You Can Make It Work for You

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… For the past few weeks, I have been diligently working on the pricing for next year’s Guide Book of United States Coins (the Red Book). The task was enormous this year, as nearly every price in the book needed to be increased, some substantially. For example, […]

The post Jeff Garrett: The Rare Coin Market Is Hot – Here’s How You Can Make It Work for You appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: The Rare Coin Market Is Hot – Here’s How You Can Make It Work for You

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) ……   For the past few weeks, I have been diligently working on the pricing for next year’s Guide Book of United States Coins (the Red Book). The task was enormous this year, as nearly every price in the book needed to be increased, some substantially. For […]

The post Jeff Garrett: The Rare Coin Market Is Hot – Here’s How You Can Make It Work for You appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection – 1883 Seated Liberty Half Dollar

Counterfeit Coin – 1883 Seated Half Dollar   By Max Spiegel – Numismatic Guaranty Company (NGC) ……   A counterfeit coin 1883 half dollar features a large number of raised lumps in the fields and throughout the design elements. The United States Mint shifted its attention from half dollars to the Morgan Dollar after its […]

The post Counterfeit Coin Detection – 1883 Seated Liberty Half Dollar appeared first on CoinWeek.

Continue Reading on CoinWeek

Thomas Uram Signature Labels Available Exclusively From Bullion Shark

By Bullion Shark LLC …… Thomas J. Uram, a longtime leader within the numismatic community, has signed an exclusive deal with Numismatic Guaranty Company (NGC) to personally hand-sign labels for coins they grade, which will only be available from Bullion Shark. A coin collector since the early 1970s when he began collecting Lincoln pennies, Tom’s […]

The post Thomas Uram Signature Labels Available Exclusively From Bullion Shark appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Great Stories Make Coins Great

by Jeff Garrett… Shortly after finding out that I am a rare coin dealer, new acquaintances will often begin to ask about coin collecting. One of the first questions many people ask is: What are the most expensive coins? Most are astounded when told that a gold coin made during colonial times by Ephraim Brasher […]

The post Jeff Garrett: Great Stories Make Coins Great appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: My 11th Annual NGC Year in Review – Part 3

Numismatic Market Review by Jim Bisognani – NGC Weekly Market Report …… The new year is here, and as we approach mid-January, the numismatic market as a whole is still a hot and robust commodity. The 67th Annual FUN Show is in the books and, according to Jeff Garrett, “As usual, the FUN show provided […]

The post Jim Bisognani: My 11th Annual NGC Year in Review – Part 3 appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Guide to Determining Coin Prices

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… In recent years, the world of rare coin price guides has changed dramatically. When I began my career as a rare coin dealer in the 1970s, the Guide Book of United States Coins (the “Red Book”) was the primary source of rare coin prices. The annual […]

The post Jeff Garrett: Guide to Determining Coin Prices appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: My 11th Annual NGC Year in Review – Part 2

Numismatic Market Review by Jim Bisognani – NGC Weekly Market Report …… For Part 1, Click Here As I sat down at my computer to prepare for what portends to be an enlightening second installment of my 11th Annual NGC Year in Review, we are less than two days away from 2022! Gosh, I was […]

The post Jim Bisognani: My 11th Annual NGC Year in Review – Part 2 appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: The Future of Live Coin Auctions

By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… The last two years have been challenging in so many ways for everyone worldwide. The COVID-19 pandemic has changed the way we all conduct our lives. Substantial parts of the workforce are still working from home and companies in all economic segments are re-inventing how they […]

The post Jeff Garrett: The Future of Live Coin Auctions appeared first on CoinWeek.

Continue Reading on CoinWeek

McCloskey Coin Collection Featured in Heritage Auctions FUN Show Sale

Numismatic Guaranty Company (NGC) is proud to have certified more than 1,000 coins from the prestigious collection of John W. McCloskey, a renowned numismatic researcher. Heritage Auctions is offering these coins in two sales in early 2022, including the FUN US Coins Signature Auction, where 136 NGC-certified highlights of the collection will be offered on January […]

The post McCloskey Coin Collection Featured in Heritage Auctions FUN Show Sale appeared first on CoinWeek.

Continue Reading on CoinWeek

USA Coin Album: Coin Ghosts of Christmas Past

By David W. Lange – Research Director, Numismatic Guaranty Company (NGC) ……   Because the holiday season is rapidly approaching, I’ll finally break precedent and do something I’ve never done before — write a holiday-themed column. It’s not that I dislike Christmas or any other holiday, but I’ve long resisted the temptation to write anything […]

The post USA Coin Album: Coin Ghosts of Christmas Past appeared first on CoinWeek.

Continue Reading on CoinWeek

Chinese Pattern Realizes NGC-Certified World Record $2.16 Million

A vintage Chinese coin certified by Numismatic Guaranty Company (NGC) just sold for $2.16 million, setting a world record for an NGC-certified Chinese coin. The ultra-rarity was featured in Heritage Auctions’ Hong Kong World Coins Signature Auction, held December 11-13, 2021, where a second NGC-certified Chinese coin also realized over $1 million USD. The China (1928) […]

The post Chinese Pattern Realizes NGC-Certified World Record $2.16 Million appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Ancients – Coinage of Larissa

Coins of the Greek city of Larissa are among the most beautiful of the ancient world   By Numismatic Guaranty Company (NGC) …… Located in central Greece, the site of Larissa has been inhabited for thousands of years. Through much of this time, it has been one of the most important cities in the region […]

The post NGC Ancients – Coinage of Larissa appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: My 11th Annual NGC Year in Review – Part 1

Numismatic Market Review by Jim Bisognani – NGC Weekly Market Report …… As I type this morning, I am reminded by the calendar that, in about a fortnight, 2021 will pass the baton to 2022. It has been an awe-inspiring and eye-opening year in the world of numismatics. Sales of coins realizing a million dollars […]

The post Jim Bisognani: My 11th Annual NGC Year in Review – Part 1 appeared first on CoinWeek.

Continue Reading on CoinWeek

Counterfeit Coin Detection – The 1928 Peace Dollar

Counterfeit 1928 Peace Dollar   By Max Spiegel – Numismatic Guaranty Company (NGC) ……   Since so many counterfeit 1928 Peace Dollars are, in fact, altered 1923 coins, it is particularly useful to know the counterfeit coin detection diagnostics that are seen on legitimate examples. The 1928 Peace Dollar had the lowest mintage of any […]

The post Counterfeit Coin Detection – The 1928 Peace Dollar appeared first on CoinWeek.

Continue Reading on CoinWeek

“Big Beard” Chinese Pattern Coin Realizes $780,000 in Stack’s Bowers Sale

An extremely rare Chinese pattern certified by Numismatic Guaranty Company (NGC) has realized $780,000 at a Stack’s Bowers auction. It was the top coin from China’s Republic Era in the December 2021 Hong Kong Collectors Choice Online Auction – Vintage and Modern Chinese Coins, which concluded on December 2, 2021. The coin, a China 1912 Silver […]

The post “Big Beard” Chinese Pattern Coin Realizes $780,000 in Stack’s Bowers Sale appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC-Certified Una and the Lion Helps English Rarities Realize $8.9 Million

With an “Una and the Lion” leading the way, a stunning collection of hundreds of rare English coins certified by Numismatic Guaranty Company (NGC) realized CHF 8.3 million (about $8.9 million USD) in a sale by renowned Swiss auction house SINCONA. Impressively, the 424 lots averaged about CHF 19,600 (about $21,000) each in the SINCONA Auction […]

The post NGC-Certified Una and the Lion Helps English Rarities Realize $8.9 Million appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC-Certified Russian Coin Realizes Over $500,000 in SINCONA Sale

A Russian coin led a group of 10 rarities certified by Numismatic Guaranty Company (NGC) that each realized prices over $100,000 in a pair of sales held by renowned Swiss auction house SINCONA. Auction 71 and Auction 73 were held November 21-23, 2021. A Russia 1808CNB OT Russia 1/4 Rouble graded NGC MS 61 (Auction 71, lot 162) realized […]

The post NGC-Certified Russian Coin Realizes Over $500,000 in SINCONA Sale appeared first on CoinWeek.

Continue Reading on CoinWeek

Recently Discovered Finest Known “NE” Massachusetts Shilling Certified by NGC

The finest known “NE” Massachusetts Shilling, which was recently certified by Numismatic Guaranty Company (NGC), is part of a Morton and Eden sale this month. Incredibly, the shilling and other early American rarities — including two 1776 Continental Dollars — were recently discovered in a sweet tin in the United Kingdom. Bidding is already underway […]

The post Recently Discovered Finest Known “NE” Massachusetts Shilling Certified by NGC appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: The Color of Money

A guide to Red, Brown, and Red Brown copper coinage   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… While this article shares a title with the classic Paul Newman and Tom Cruise movie about pool hustlers, it refers to the incredible valuation increases that collectors attribute to the colors assigned to copper coinage. […]

The post Jeff Garrett: The Color of Money appeared first on CoinWeek.

Continue Reading on CoinWeek

Una and the Lion Leads NGC-Certified SINCONA British Collection

A phenomenal collection of more than 500 rare English coins certified by Numismatic Guaranty Company (NGC) is being offered this month by SINCONA. The auction includes gold rarities spanning 600 years of history, including an example of the beloved “Una and the Lion“, a coin issued to celebrate the young Queen Victoria. Bidding is already […]

The post Una and the Lion Leads NGC-Certified SINCONA British Collection appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: Coins That Make Great Gifts

Morgan and Peace Dollars or Pilgrim Half Dollars are the perfect presents for which numismatists will be thankful   By Jim Bisognani – NGC Weekly Market Report …… After setting back one hour all visible digital and analog clocks in our house, it dawned on me: 2021 is running on its last legs. This year […]

The post Jim Bisognani: Coins That Make Great Gifts appeared first on CoinWeek.

Continue Reading on CoinWeek

NGC Signs Exclusive Signature Label Deal With Mint Director David J. Ryder

David J. Ryder, who served two times as the 34th and 39th Director of the United States Mint, has agreed to exclusively hand sign certification labels for Numismatic Guaranty Company (NGC). Named one of Coin World’s Most Influential People (1960-2020), Ryder brought many exciting modern coins to the marketplace, greatly enhancing the tradition of US […]

The post NGC Signs Exclusive Signature Label Deal With Mint Director David J. Ryder appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: Guarantees in the Rare Coin Market

The 35-year success of authentication and grading has given numismatics peace of mind   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Rare coin certification is nearing 35 years of success. One of the foundations of this success is the authentication and grading guarantee. No longer do collectors and investors have to take the […]

The post Jeff Garrett: Guarantees in the Rare Coin Market appeared first on CoinWeek.

Continue Reading on CoinWeek

Edward VIII Gold 5 Sovereign Realizes $2.45 Million – New Record for British Coin at Auction

  An extremely rare Edward VIII Pattern Gold 5 Sovereign certified by Numismatic Guaranty Company (NGC) has realized €2.11 million (about $2.45 million), again setting a record for any British coin sold at auction. It was the top lot in an impressive sale presented by MDC Monaco that saw 22 other NGC-certified numismatic rarities realize […]

The post Edward VIII Gold 5 Sovereign Realizes $2.45 Million – New Record for British Coin at Auction appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: 1858-1915 Proof Type Coins

Don’t overlook rare coins from the early Proof Sets   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… We have all read the headlines about the astounding sales performance of mega coins in the last few months. Every major auction seems to have more than a few six- and seven-figure coins that sell for […]

The post Jeff Garrett: 1858-1915 Proof Type Coins appeared first on CoinWeek.

Continue Reading on CoinWeek

Jim Bisognani: Coin Markets Going Up and Staying Up

It is mid-October already, and so far, the weather is mildly chilly and steadily becoming colder. In New England, the colorful leaves are tumbling down and the season has been so very enjoyable. As with all seasons, this delightful weather pattern will soon become cold. For numismatics, the “summer” season shows no appearance of cooling […]

The post Jim Bisognani: Coin Markets Going Up and Staying Up appeared first on CoinWeek.

Continue Reading on CoinWeek

Jeff Garrett: A Guide to Coin Strike Character Rarities

Certain US coins with specific designations can fetch a premium price among collectors   By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… When I started collecting rare coins about 45 years ago, there was only modest interest in later-date 20th-century coins. Anyone who has collected Jefferson nickels, Mercury dimes, Roosevelt dimes, and Franklin half […]

The post Jeff Garrett: A Guide to Coin Strike Character Rarities appeared first on CoinWeek.

Continue Reading on CoinWeek

Edward VIII Pattern Leads Group of NGC-Certified Rare Coins in MDC Monaco Sale

A King Edward VIII gold pattern that was certified by Numismatic Guaranty Company (NGC) and set a record earlier this year for most expensive British coin sold at auction is the centerpiece of an extraordinary group of coins presented by MDC Monaco. Bidding is already underway for these great rarities, being offered in Monaco on October […]

The post Edward VIII Pattern Leads Group of NGC-Certified Rare Coins in MDC Monaco Sale appeared first on CoinWeek.

Continue Reading on CoinWeek

Queen Elizabeth I Rarity Realizes Record-Breaking $650,000 in Spink Sale

A Queen Elizabeth I rarity that was certified by Numismatic Guaranty Company (NGC) stunned the coin collecting world when it sold for £480,000 (about $650,000 USD) at a Spink sale on September 28, 2021. Six other NGC-certified English gold coins realized prices over £100,000 in the Horace Hird Collection of Tudor, Stuart, and Commonwealth Gold Coins […]

The post Queen Elizabeth I Rarity Realizes Record-Breaking $650,000 in Spink Sale appeared first on CoinWeek.

Continue Reading on CoinWeek

Numismatic Guaranty Corporation Is Now Numismatic Guaranty Company

The updated name will start to appear on NGC’s website, marketing, holders, and labels in the coming months The name of Numismatic Guaranty Corporation® (NGC®) has been updated to Numismatic Guaranty Company™. Over the coming months, NGC will roll out the new name across NGC’s websites, holders, labels and everywhere else the full name of […]

The post Numismatic Guaranty Corporation Is Now Numismatic Guaranty Company appeared first on CoinWeek.

Continue Reading on CoinWeek