LibertyLiberty Coin Coin Service Service Computer Computer Quotes Quotes 2PM 2PM EDT EDT 10.3.201810.3.2018 Spot Spot Prices Prices Item Item Qty Qty Fine Fine Wt Wt Price Price Cost/Oz Cost/Oz Premium Premium *U.S.*U.S. 1 Oz 1 Oz Gold Gold Eagle Eagle 10 10 1.0000 1.0000 1,256.25 1,256.25 1256.25 1256.25 4.7% 4.7% Gold: Gold: $1,199.75 $1,199.75 *U.S.*U.S. 1/2 1/2 Oz Oz Gold Gold Eagle Eagle 10 10 0.5000 0.5000 645.50 645.50 1291.00 1291.00 7.6% 7.6% Silver: Silver: $14.64 $14.64 *U.S.*U.S. 1/4 1/4 Oz Oz Gold Gold Eagle Eagle 10 10 0.2500 0.2500 331.75 331.75 1327.00 1327.00 10.6% 10.6% Platinum: Platinum: $838.00 $838.00 *U.S.*U.S. 1/10 1/10 Oz Oz Gold Gold Eagle Eagle 10 10 0.1000 0.1000 136.30 136.30 1363.00 1363.00 13.6% 13.6% Palladium: Palladium: $1,081.00 $1,081.00 *U.S.*U.S. 1 Oz 1 Oz Gold Gold Buffalo Buffalo 10 10 1.0000 1.0000 1,253.75 1,253.75 1253.75 1253.75 4.5% 4.5% *U.S.*U.S. 1 Oz 1 Oz Medallion Medallion 10 10 1.0000 1.0000 1,222.50 1,222.50 1222.50 1222.50 1.9% 1.9% *U.S.*U.S. 1/2 1/2 Oz Oz Medallion Medallion 10 10 0.5000 0.5000 612.50 612.50 1225.00 1225.00 2.1% 2.1% Notes from Liberty By Allan Beegle *Australia*Australia 1 Oz 1 Oz Kangaroo Kangaroo 10 101.0000 1.0000 1,255.00 1,255.00 1255.00 1255.00 4.6%4.6% LCS Chief Numismatist

*Austria*Austria 100 100 Corona Corona 10 100.9802 0.9802 1,197.25 1,197.25 1221.43 1221.43 1.8%1.8% Sales volume has its ups and downs. *Austria*Austria 1 Oz 1 Oz Philharmonic Philharmonic 10 101.0000 1.0000 1,245.25 1,245.25 1245.25 1245.25 3.8%3.8%September sales were the lowest for any *Canada*Canada 1 Oz 1 Oz Maple Maple Leaf Leaf 10 101.0000 1.0000 1,241.75 1,241.75 1241.75 1241.75 3.5%3.5%month in several years. However, our sales for just the first two days of October *Canada*Canada 1x25 1x25 Maplegram Maplegram 10 100.8039 0.8039 1,088.00 1,088.00 1353.40 1353.40 12.8%12.8%equaled almost half of our sales volume in *China*China 30 30Gram Gram Panda Panda 10 100.9646 0.9646 1,240.50 1,240.50 1286.03 1286.03 7.2%7.2%the entire month of September. *China*China 1 Oz 1 Oz Panda Panda 10 101.0000 1.0000 1,282.50 1,282.50 1282.50 1282.50 6.9%6.9% The low sales volume last month result- ed from low demand for bullion-priced *Mexico*Mexico 50 50Peso Peso 10 101.2057 1.2057 1,479.75 1,479.75 1227.30 1227.30 2.3%2.3% products. As the price fell, customers *S.*S. Africa Africa Krugerrand Krugerrand 10 101.0000 1.0000 1,237.00 1,237.00 1237.00 1237.00 3.1%3.1%waited for markets to hit bottom. Then *1 *1Oz Oz Ingot Ingot 10 101.0000 1.0000 1,234.50 1,234.50 1234.50 1234.50 2.9%2.9%when prices started to recover, some buy- ers held off because they thought that they *Austria*Austria 1 Ducat 1 Ducat 10 100.1107 0.1107 144.20144.20 1302.62 1302.62 8.6%8.6% “ missed the boat” on getting in at a bar- *British*British Sovereign Sovereign 10 100.2354 0.2354 299.00299.00 1270.18 1270.18 5.9%5.9%gain level. *France*France 20 20Franc Franc 10 100.1867 0.1867 238.00238.00 1274.77 1274.77 6.3%6.3% While bullion- priced coin and ingot sales were slack, our numismatic sales contin- *Swiss*Swiss 20 20Franc Franc 10 100.1867 0.1867 238.25238.25 1276.11 1276.11 6.4%6.4% ued strong. Almost all items offered last month have now found new homes. There $20$20 Liberty Liberty BU BU 10 100.9675 0.9675 1,290.00 1,290.00 1333.33 1333.33 11.1%11.1%was one surprise, though. We expected $20$20 St StGaudens Gaudens BU BU 10 100.9675 0.9675 1,295.00 1,295.00 1338.50 1338.50 11.6%11.6% that the Choice Uncirculated -64 EPQ 1863 $20$20 Liberty Liberty Extremely Extremely Fine Fine 10 100.9675 0.9675 1,275.00 1,275.00 1317.83 1317.83 9.8%9.8% $5.00 Legal Tender Note would not only $10$10 Liberty Liberty Extremely Extremely Fine Fine 10 100.4838 0.4838 665.00665.00 1374.53 1374.53 14.6%14.6% sell almost instantly because of its extraor- dinary rarity, but we would have several $10$10 Indian Indian Extremely Extremely Fine Fine 10 100.4838 0.4838 675.00675.00 1395.20 1395.20 16.3%16.3%would be buyers for it. To our astonish- $5 $5Liberty Liberty Extremely Extremely Fine Fine 10 100.2419 0.2419 340.00340.00 1405.54 1405.54 17.2%17.2% ment, it is still available. That just proves $5 $5Indian Indian Extremely Extremely Fine Fine 10 100.2419 0.2419 395.00395.00 1632.91 1632.91 36.1%36.1%that you just never can tell for sure what collectors would like to own. $2.50$2.50 Liberty Liberty Extreme Extreme Fine Fine 10 100.1209 0.1209 280.00280.00 2315.96 2315.96 93.0%93.0% While numismatic sales have stayed $2.50$2.50 Indian Indian Extreme Extreme Fine Fine 10 100.1209 0.1209 275.00275.00 2274.61 2274.61 89.6%89.6% strong, we also have been busy acquiring other bargains for you. For example, we *U.S.*U.S. 90% 90% Silver Silver Coin Coin 1,0001,000 715715 11,105.00 11,105.00 15.53 15.53 6.1%6.1% have now received back from PCGS a *U.S.*U.S. 40% 40% Silver Silver Coin Coin 1,0001,000 295295 4,540.00 4,540.00 15.39 15.39 5.1%5.1% 1793 Chain and a 1793 Wreath *U.S.*U.S. Peace Peace Dollars, Dollars, VG+ VG+ 1,0001,000 760760 16,500.00 16,500.00 21.71 21.71 48.3%48.3% Large Cent, two rarities offered in our *U.S.*U.S. Silver Silver Eagles Eagles 1,0001,000 1,0001,000 17,490.00 17,490.00 17.49 17.49 19.5%19.5%More OneOfAKind Bargain Rarities, Part 2. These were part of the spectacular *Canada*Canada Silver Silver Maple Maple Leaf Leaf 1,0001,000 1,0001,000 16,640.00 16,640.00 16.64 16.64 13.7%13.7% collection of early US coins that we fea- tured in August, but we had to wait for *100*100 Oz Oz Silver Silver Ingot Ingot 10 10 100100 1,554.00 1,554.00 15.54 15.54 6.1%6.1%them to be certified by PCGS. *10*10 Oz Oz Silver Silver Ingot Ingot 100100 10 10 157.40157.40 15.74 15.74 7.5%7.5% Next, we also have a nice selection of *1 *1Oz Oz Silver Silver Ingot Ingot 1,0001,000 1 1 15.7415.74 15.74 15.74 7.5%7.5% One OfAKind High Grade Or Very Low Mintage US Gold Coin Bargains. *1 *1Oz Oz Platinum Platinum Ingot Ingot 10 101.0000 1.0000 881.00881.00 881.00 881.00 5.1%5.1% The 1886- and 1889 -dated rarities were *U.S.*U.S. 1 Oz 1 Oz Platinum Platinum Eagle Eagle 10 101.0000 1.0000 926.00926.00 926.00 926.00 10.5%10.5%acquired two months ago, but we just did- n’t have room to offer them among all the *Canada*Canada Palladium Palladium ML ML 10 101.0000 1.0000 1,112.00 1,112.00 1112.00 1112.00 2.9%2.9% LCS Postage Charges Value of Contents Postage Charge LibertyLiberty Coin Coin Service Service CallCall Toll-Free: Toll-Free: (800)(800) 527-2375 527-2375 National National Under $100 $5 400400 Frandor Frandor Avenue Avenue (517)(517) 351-4720 351-4720 Local Local $100-249 $10 Lansing,Lansing, MI MI 48912 48912 (517)(517) 351-3466 351-3466 Fax Fax $250-499 $18 web:web: www.libertycoinservice.com www.libertycoinservice.com email: email: [email protected] [email protected] $500-999 $25 $1,000-4,999 $30 TradingTrading Desk Desk Hours Hours (Eastern): (Eastern): Mon-Fri Mon-Fri 9:30AM-6PM, 9:30AM-6PM, Sat Sat10AM-2PM 10AM-2PM $5,000 and higher None -over- LibertyLiberty Coin ServiceService Computer Computer Quotes Quotes 2PM 2PM EDT EDT 10.3.201810.3.2018 Spot Spot Prices Prices

Coins, Rolls and Sets Coins, Rolls and Sets Gold:Gold: $1,199.75 $1,199.75 U.S.U.S. 1010 pc Gold MedallionMedallion Set, Set, 1980-1984, 1980-1984, BU BU $9,410$9,410 Silver: Silver: $14.64 $14.64 U.S.U.S. MorganMorgan Dollar, 1921,1921, Brilliant Brilliant Uncirculated Uncirculated Roll/20 Roll/20 $550$550 Platinum: Platinum: $838.00 $838.00 U.S.U.S. MorganMorgan Dollar, Pre-1921,Pre-1921, Brilliant Brilliant Uncirculated Uncirculated Roll/20 Roll/20 $800$800 Palladium: Palladium: $1,081.00 $1,081.00 U.S.U.S. PeacePeace Dollar, BrilliantBrilliant Uncirclated Uncirclated Roll/20 Roll/20 $475$475

NumismaticNumismatic Coins (PCGS/NGC/ICG(PCGS/NGC/ICG Graded) Graded) MS-63MS-63 MS-64 MS-64 MS-65 MS-65had a mintage in excess of 50 million. U.S.U.S. $20.00$20.00 St GaudensGaudens 1,3551,355 1,3951,395 1,6701,670 This PCGS-certified Superb Gem Mint U.S. $20.00 Liberty 1,380 1,520 2,710 State-66 1935 Quarter has a mintage of only U.S. $20.00 Liberty 1,380 1,520 2,710 32,484,000. It is certainly the highest quality U.S.U.S. $10.00$10.00 Liberty 750750 1,0301,030 2,2552,255 specimen of this date we have had in our U.S.U.S. $5.00$5.00 Liberty 445445 625625 1,6101,610 inventory in years or decades. PCGS Retail U.S.U.S. 44 pc Indian GoldGold TypeType Set Set 3,4203,420 4,8054,805 12,59012,590 values this coin at $130. Coin Values lists it U.S. 4 pc Liberty Gold 2,970 3,620 7,180 in MS-65 and MS-67 condition at $75 and U.S. 4 pc Liberty Gold Type Set 2,970 3,620 7,180 $425, respectively. This lightly-toned flashy U.S.U.S. 88 pc Gold TypeType SetSet 6,3306,330 8,2758,275 19,32019,320 coin can be yours for $119. U.S.U.S. MorganMorgan Dollar (Pre-1921)(Pre-1921) 5757 68 68 120120 Roman Emperor Commodus Sil- U.S.U.S. PeacePeace Dollar 3838 47 47 100100 ver Denarius: If you have watched the movie The Gladiator, the Roman Emperor PricesPrices quoted are forfor quantitiesquantities indicated, indicated, and and are are actual actual selling selling prices prices at today'sat today's Commodus (177-192 AD) is a major charac- ter. Now you can own an NGC-certified closes.closes. Smaller lotslots areare available available at at slightly slightly higher higher prices. prices. No No Michigan Michigan Sales Sales Tax on rare coins or precious metals bullion. Numismatic purchases have Choice Very Fine Silver Denarius issued Tax on rare coins or precious metals bullion. Numismatic purchases have during his reign. aa 1414 dayday return period.period. Orders Orders for for bullion-priced bullion-priced items items (marked (marked with with *) are *) are not not Not only does this piece still have lots of returnablereturnable and, afterafter confirmation,confirmation, cannot cannot be be cancelled. cancelled. details of Commodus on the obverse and the standing Roman goddess Laetitia (fertility and abundance) holding a palm tree and a branch, it is well-centered and problem-free. other great treasures we offered earlier. just 305 circulated and a lone Mint State-62 There is a lot of beauty and history here, yet Our offerings of lovely Large Size US Paper specimen of this variety. it would cost you less than $10 per century! Money have been exceptionally popular with This PCGS-certified Fine-12 specimen is We wish we could find a dozen like this. collectors. This month we offer four speci- only the second or third example we ever $149. mens of Very High Quality Small Size US remember having in inventory. Well-Struck Very Choice Uncir- Paper Money. Not only are these notes in PCGS Retail catalogs this coin at $1,200, beautiful condition, they are far scarcer than culated-64 1879-O Morgan Silver The Red Book values it at $1,000, while Because of the manner in which the most people would think. As a bonus on that Coin Values lists it at $1,100. You can own Dollar: page, we also offer a modest group of India employees at the New Orleans Mint prepared it for $895. the dies for production of Morgan Silver Princely States Gold Fanams. These are Stunning Superb Gem Proof-67 about the most affordable numismatic gold Dollars, in a process called “basining,” great- coins you could own. 1942 Walking Liberty Half Dollar: er pressure was applied to the coin blanks Once again, I have to apologize as almost Proof Walking Liberty Half Dollars were toward the edge of the planchet. As a conse- everything offered this month is a one-of-a- only struck for seven years, from 1936 quence, lesser pressure was brought to bear kind rarity. When they sell, we don’t know through 1942. The 1942 issue is the on the center, the position of hair just above when (or even if) we might ever find more “common” date, but has a meager mintage Liberty’s ear on the obverse and the eagle’s specimens. Therefore, I urge you to quickly of only 21,120 pieces. This NGC-certified breast on the reverse. Superb Gem Proof-67 specimen is the high- review these offers and call our Trading This PCGS-certified high quality 1879-O est quality Proof Walker of any date we Desk tollfree at 8005272375 to check Morgan has a strong center strike for a New availability and place your order. have had in at least 25 years! Orleans Mint Silver Dollar. It may also be Here are some additional recent treasures The coin’s light golden toning, with some the highest grade specimen of this date we we can offer to you: brown toning at the top and bottom of the have handled in years. obverse, attests to its original surfaces. This Rare 1936-D “3-1/2” Leg Buffalo The coin is almost all flashy white except is about the most beautiful Walker that most for some light golden-brown toning at the Most collectors of US coins are well Nickel: people could ever hope to see. upper left of the reverse. aware of the 1937-D 3-Leg , an PCGS Retail lists this coin for $750. Coin PCGS Retail lists this for $575, while Coin error created by excessive die polishing by Values only goes up to Proof-66 quality, Values is at $550. An NGC-certified MS-64 US Mint State staff which erased the front which it catalogs for $625. You can own piece with bright orange-red obverse toning foreleg on the bison. PCGS and NGC have this one for $699. sold for more than $1,000 four months ago. certified more than 15,500 of the ‘37-D 3- Superb Gem Mint State-66 Early This can be yours for $475. Leggers. In recent years, Less well known, and much scarcer, is the : 1936-D 3-1/2 Leg Buffalo Nickel, again cre- the US Mint has struck as many as six bil- ated by excessive die polishing at the Mint lion quarters annually. That was not true that eliminated much of the detail of the bi- when the Washington Quarter debuted in son’s foreleg. PCGS and NGC have certified 1932. No Washington Quarter before 1941

One-Of-A-Kind High Grade Or Very Low Mintage US Gold Coin Bargains!

by Allan Beegle, LCS Chief Numismatist and Tom Coulson, LCS Gen- men for the grade when he acquired this piece. Sure to eral Manager please the fussiest buyer. During the summer we acquired some extremely low This coin catalogs in PCGS Retail at $2,500. Coin mintage US Gold Coins in much nicer than average Values lists it for $3,500. But we offer it at a great mon- quality. We simply did not have space to offer them two ey-saving price. It’s price today is just a tiny fraction of months ago. the $25,700 you would have had to pay for it at the last In the meantime, as part of another long-time collec- major US coin market peak in mid-1989! tion we purchased two Common-Date Gem Mint State- 1886 $1.00 Indian Type 3, Very Choice Mint State- 65 US Gold Coins in the nicest quality we have handled 64, PCGS—$775. This flashy and gorgeous beauty has in some time. By putting these two groups of coins to- a minuscule mintage of just 5,000 coins (that is not a gether, they form the perfect offering of one-of-a-kind misprint!). By the time this piece was struck, Gold Dol- treasures. lars had been pretty much displaced in commerce by the Each of these coins listed here have been certified by Morgan Silver Dollar, so relatively few were struck. We the Professional Coin Grading Service (PCGS) or Nu- may have had in inventory one more piece of equal mismatic Guaranty Corporation (NGC) as well as pass- quality of this date in the past decade. ing our strict quality standards. Once again, most of PCGS and NGC combined have certified a paltry 272 these pieces are among the finest quality we have han- examples in this and all higher grades together. In MS- dled in our 47 years in business! 64+ grades it is more than 11 times rarer than the 1889 With only seven coins to offer, we have omitted the date (which has a mintage of 28,950. order blank. Please call to confirm availability and lock In MS-64 condition, the 1886 lists in PCGS Retail at in your purchase. $825 versus $800 for the 1889 date. Coin Values cata- Review the list, then quickly call our Trading Desk logs the 1886 date in MS-63 grade at $800 (versus $750 toll-free at 800-527-2375. For fastest shipment, you for the 1889) and for $1,450 in MS-65 condition can use your Visa, Mastercard, or Discover charge cards (compared to $1,200 for the 1889 date). to have your purchase shipped to the credit card billing address. 1886 $2.50 Liberty, Mint State-62, PCGS—$1,795. As with all of our numismatic items, your satisfaction This piece has the tiniest mintage of any coin offered is guaranteed. You have 14 days upon your receipt to here—a measly 4,000 return these coins for a full, prompt, no-questions re- coins! It is tied for the fund. second lowest mintage of all $2.50 Liberties mint- 1853 $1.00 Liberty Type 1, Gem Mint State-65, ed in the final 22 years of PCGS—$1,895. Yes, this is the common issue of the the series. It is so scarce short-lived (1849-1854) series of the first Gold Dollars that PCGS and NGC issued by the US Mint. Mintage was a huge 4,076,051. have certified just 78 ex- However, virtually all entered circulation. Over the past amples in Mint State-62 32 years, PCGS and NGC together have certified a mere and all higher grades 393 specimens of this date in Gem Mint State-65 quality combined over the past and only another 151 in all higher grades combined! 32 years! In MS-62 and This piece is one of the highest quality Pre-Civil War all higher grades, it is US Gold Coins we have had in stock for at least the past more than 220 times rarer decade! than the 1907 $2.50 Lib- The collector found an exceptionally pleasing speci- erty. Beyond the rarity, this coin is a lovely example that grade example. grades “only” MS-62. The collector who purchased We could find only one other AU-58 specimen, also these rare 1886 and 1889 Gold rarities definitely had a certified by PCGS, that sold in a major auction over keen eye for quality. more than the past two years. It sold eight months ago We may have only handled one or two specimens of for $4,320. Obviously, this lovely coin is a much better this date in all grades combined in our 47 years in busi- value. ness, with this likely the nicest of them. PCGS Retail lists this piece at $2,350. Coin Values This treasure catalogs for $1,900 in PCGS Retail and catalogs it for $2,500. for $2,250 in Coin Values. It has been more than four 1901-S $10.00 Liberty, Gem Mint State-65, NGC— years since an example of this quality has appeared in a $2,195. This is the common date of the $10.00 Liberty major auction. When this is sold, who knows if we will series, with a hefty mintage of 2,812,750. PCGS and ever find another this nice. NGC have certified 3,066 MS-65+ specimens, which 1889 $5.00 Liberty, Mint State-60, NGC—$1,250. also makes it the most common coin in this offering. Another treasure with a super low mintage of only But, this coin sells for 7,520. This is the second lowest mintage of all $5.00 surprisingly close to that of Liberties over the final three the MS-65 1924 $20.00 St decades of production. Gaudens, which has a If you include all Mint PCGS and NGC MS-65+ State grades, this coin is certified population of even scarcer than the 1886 more than 100,000. Com- $2.50 Liberty above. PCGS pared to the 1924 Saint, the and NGC have a combined Gem MS-65 1901-S $10.00 Mint State-60+ population Liberty is far less common. of just 119 pieces for this In mid-1989, you would date, while it has certified have paid $19,000 to own 54 of the 1886 $2.50 Liber- this coin, which is fresher ty in MS-60 and MS-61 and more attractive than grades to go with the 78 that most MS-65 $10.00 Liber- grade MS-62 or higher. It is ties we see. Today it is a more than 225 rarer than the great bargain. 1900 $5.00 Liberty in all PCGS Retail catalogs these coins at $2,500. Coin Val- Mint State grades. ues lists this coin at $1,750 in lower MS-64 grade, but We cannot recall the last time we have had this date in does not list a catalog value for MS-65. inventory in any grade, much less a Mint State example. 1889 $20.00 Liberty, Mint State-61, NGC, $2,095. If you let this one slip through your fingers, will you Compared to the other 1886 and 1889 –dated Gold ever have another opportunity? Coins in this offer, the mintage of 44,070 may seem It has been more than five years since a matching large. Plus, there are seven other dates of $20.00 Liber- quality piece has appeared in a major auction. PCGS ties struck from 1889 through 1907 with lower mintages. Retail lists this coin for $1,300, while Coin Values is at Still, mintages don’t tell you the whole story of relative $1,400. rarity. PCGS and NGC have certified a mere 304 MS- 1889 $10.00 Liberty, Very Choice About Uncircu- 61 specimens and just 416 in grades MS-62 through MS lated-58, PCGS, $2,295. Once again another exceed- -63+ (and none higher!). That makes this date more ingly low mintage coin than 570 times rarer than with only 4,440 pieces MS-61+ 1904 $20.00 Lib- struck. Of all the coins erties! offered here, it has the Once again, this may be lowest combined, PCGS the finest specimen of this and NGC Mint State date we have ever handled. population of just 118 PCGS Retail lists this specimens to go along coin at $2,400. Coin Val- with the 59 pieces certi- ues catalogs this date at fied AU-58. It is more $2,350 in MS-60 grade and than 210 times scarcer $4,500 for MS-62. Just try than the 1901-S $10.00 to find another specimen Liberty in AU-58 or this beautiful at this price!

higher grades. You might have to look for years to find a higher More One-Of-A-Kind Bargain Rarities, Part 2!

Tom Coulson LCS General Manager They are a real treat whenever we can offer one. Two month ago we offered some spectacular early US Coins PCGS Retail catalogs a problem-free Fine-12 specimen for from a long-time collection, which sold well. We can now offer $20,000, while Coin Values lists it at $17,500 and The Red Book is two more exceptional and historic rarities from this same collec- at $19,500. tion that have come back from the Professional Coin Grading 1793 Wreath Large Cent Vine Service (PCGS). We also recently acquired a well-circulated but and Bars Edge, Very Good-10, problem-free specimen of the second-lowest mintage Barber PCGS—$3,995. The mintage for Quarter that is considered the scarcest date of the series. all varieties of 1793 Wreath Large None of these coins will win beauty contests in absolute terms. Cent is also modest, just 63,353 However, considering that most of the surviving specimens of pieces. At this time in US Mint these issues either have notable damage or are in lower grade history, each coin was struck one than the coins offered here, these are actually pieces that would at a time in a screw press, result- be appreciated and treasured by savvy collectors. ing in low mintages of every de- As each coin is one-of-a-kind, we have omitted the order blank. nomination. Call our Trading Desk at 800-527-2375 to check on availability This design also ultimately and to lock in your purchase. Remember to check our Computer proved to be unpopular. After less Quotes Page for the postage costs. than four months of production, Your satisfaction is guaranteed. You have 14 days upon your the 1793 Wreath Large Cent was receipt of these coins to return them for a full, no-questions re- replaced by the 1793 Liberty Cap fund. Large Cent. 1793 Chain Large Cent AMERICA No Periods, Genuine Although this piece has slightly with Environmental Damage and Fine Details, PCGS— less detail than the Chain Large $7,995. The 1793 Chain Large Cent was the very first one cent Cent, is has a much more pleasing coin struck by the US Mint. As such, it is highly prized by col- planchet. lectors as the most affordable of all initial design 1792-1793 PCGS and NGC have certified a coinage. A minuscule 36,103 coins were struck. The interlock- total of 807 specimens of this vari- ing chain links on the reverse, similar to the design of the 1787 ety of 1793 Wreath Cent, of Fugio Coppers, symbolized the Strength in Unity of the new which 207 are in lower grades nation. However, some people objected to the visual representa- than this piece. tion as suggesting that Americans were enslaved. Production of PCGS Retail shows this coin at the design ceased on March 12, 1793 after only twelve days of $4,750, Coin Values lists a Very mintage! It was replaced with a reverse depicting a wreath. Good-8 at $4,000 and a Fine-12 at Over the past 32 years, PCGS and $6,250. The Red Book catalogs a NGC together have certified a mere Very Good-8 specimen at $4,400 592 “problem-free” specimens of this and a Fine-12 example at $6,500. variety of 1793 Chain Cent in all 1901-S Barber Quarter, About grades combined! Almost half of Good-3, PCGS—$2,495. When them are graded from Fair-2 through you consider that the US Mint Very Good-10. has struck more than 6 billion This specimen was certified as Gen- quarters in some years, you can uine with Environmental Damage understand how small the 72,664 with Fine Details. The problem is mintage of the 1901-S Barber almost certainly from the reverse Quarter is. discoloration that occurred long, long Also, when you understand that ago. As is typical for copper coins the PCGS/NGC population in struck by the US Mint in the 1700s, grades Fair-2 through Good-6 is the planchet is crudely made, espe- only 1,003 coins and just 261 cially when compared with modern specimens are certified in any production standards. higher grades, you can see why Unfortunately, the photographs many collectors of this series here, shown at less than 75% of actu- would be thrilled to own a prob- al size, don’t do justice to the amount lem-free About Good-3 example. of detail that the two specimens of PCGS Retail is $2,650 for this 1793 Large Cents possess. You may coin that is attractive for the want to go to grade, with coins of this grade www.libertycoinservice.com to exam- cataloging in Coin Values at ine an enlarged picture that accompa- $2,750. Another specimen is now nies this issue of Liberty’s Outlook that being offered by another dealer at is archived there. $2,640. Liberty has only handled a few 1793 Chain Large Cents in its history.

Very High Quality Small Size US Paper Money! by Patrick A. Heller, LCS Communications Officer the Japanese, then the US government Our US Paper Money offerings over the past year have been could withdraw the legal tender status amazingly popular.. of these notes. Fortunately, that worst- At the huge American Numismatic Association World’s Fair case scenario never came to pass. of Money show in Philadelphia in August, I was able to uncover We actually brought back two speci- a few specimens of popular, lower printage, early Small Size US mens of this popular World War Two Paper Money, the size of US paper money issued from 1928 on- “commemorative,” but one was already ward. snapped up by a showroom customer. When you consider that the Bureau of Engraving & Printing A total of 35,052,000 of these notes now produces more than 6 billion notes annually, you can under- were printed, an amount dwarfed by stand just how rare each of these pieces are. current printage quantities. PMG has Each note offered here has been certified by the Paper Money certified 1,219 specimens in Choice Guaranty (PMG), an affiliate of the coin certification service Uncirculated-64 Exceptional Paper Quality, with another 2,214 Numismatic Guaranty Corporation (NGC), as well as meeting in higher grades. A lot of beauty and history at an affordable our own strict quality standards. price. Each note may be the finest specimen we have ever handled of US $1.00 Silver Certificate, Series of 1935-A North Africa, the issue in our 47 years in business or at least the nicest we have FR# 2306, Gem Uncirculated-66 Exceptional Paper Quality, handled thus far this century! PMG—$325 (2 specimens available). When US military forces With only four notes available, we have eliminated the order landed in North Africa in 1942, they blank. Please call to check on availability and lock in your pur- carried special US currency. The Sil- chase. After reviewing the list, call our Trading Desk today, ver Certificates differed from the regu- toll-free, at 800-527-2375. Consult the chart on the Computer lar issues that circulated in the main- Quotes page for postage charges. For fastest shipment, you can land US as they bore a yellow seal ra- use your Visa, Mastercard, or Discover charge cards to have your ther than one in blue ink. Again, the purchase shipped to the credit card billing address. (Note: Mich- concept was that if the German forces igan customers must add 6% Michigan sales tax). captured the American currency, then As with all of our numismatic items, your satisfaction is guar- the US government would repudiate anteed. You have 14 days upon your receipt to return these notes these issues. for a full, prompt, no-questions refund. A total of 26,916,000 of these notes

US $1.00 Legal Tender Note, Series of 1928, Fr# 1500, Gem were printed. We are fortunate to have Uncirculated-66 Exceptional Paper two pieces available, both bright and fresh. PMG has certified Quality, PMG—$750. Printage is a only 272 specimens in this grade, plus a mere 53 in all higher modest 1,872,012 notes. It features a grades combined. Specimens of this quality have auctioned for bold and vibrant red Treasury seal more than $400 this year. and serial numbers. If you didn’t know better, you would think this note was fresh off the printing press instead of 90 years old. PMG has certified 282 specimens in Gem-66 EPQ condition and a paltry 46 in all higher grades. For the rarity and the quality, the price is hard to India Princely States Gold Fanams resist. High Quality, Affordable And Historic

US $1.00 Silver Certificate, Series of 1935-A Hawaii, FR Gold Coins #2300, Choice Uncirculated-64 Exceptional Paper Quality, In the late 1700s, many of the rajahs across India threw PMG—$175. When the US government entered World War Two, there was off Muslim rule, often with the support of the British gov- some concern after the attack on Pearl Harbor in the Hawaiian ernment or the British East India Company. Thereafter, Islands that Japan might invade and conquer that territory. many ruled their domains (though often allied with the Brit- To protect against the possibility that this might happen, where ish) right up to India’s independence from the British Em- the Japanese could then use US currency held by the populace pire in 1947. and in banks there to pay for the cost of the invasion, the US The Gold Fanam was the smallest gold coin issued by the issued a special series of paper money for circulation in the Ha- various India Princely States. Weights varied from 0.33 to waiian Islands. 0.40 grams, depending on who issued them. A dealer friend On the front the typical blue Treasury seal and serial numbers sold us a modest group of Fanams, which average weighing were instead printed in brown ink. The word “HAWAII” was 0.38 grams (over $8 of gold content at today’s prices. The printed vertically toward the left and right sides. On the reverse, style is that of Fanams issued from about 1790 to 1850. a large black ink “HAWAII” was outlined. These are beautiful Extremely Fine examples. While this The concept was that if the Hawaiian Islands were overrun by group lasts, you can own one or more pieces at just $37.