New Purchases

7/8/13 In the Loupe & New Purchases June 17th 2013 This Week In The Loupe In The Loupe Starring Dave Wnuck Upcoming Shows Our Next Show Featured Coins Coming Attractions PCGS Grading Offer Preview our New Ad Want Lists New Purchases New Purchases Collecting Off the Grid - "Poor Man's Proof" Coinage Customers looking for a new challenge frequently ask me for ideas for new collections to form. What you choose to collect is a personal decision and should reflect your own tastes and pocketbook. However, I always try to come up with a few ideas that may light a spark in a collector seeking a new challenge. One such idea I gave to a customer recently is definitely off the 1857 1/2C PCGS MS64RB beaten path. I call it collecting Poor Man's Proof Coinage. This CAC C1 B1 R.2 means collecting proof-like coins, especially coins where the actual proof coinage is either extremely rare or even non-existent. The term ""poor man's proof" is a bit of a misnomer, as these coins are desirable , frequently quite rare, and sometimes (but not always) pricey. The most conventional way to do this is to collect proof-like (PL) and/or Deep Mirror Proof Like (DMPL) Morgan dollars. This has https://ui.constantcontact.com/visualeditor/visual_editor_preview.jsp?agent.uid=1113801266220&format=html&print=true 1/14 7/8/13 In the Loupe & New Purchases been a mainstream collecting area for several decades now. Much has been written about the characteristics of each date and mint that comes proof-like or DMPL in that series. It can be lots of fun, and very challenging. 1850 1C PCGS MS65RB N10 R.1 1885-CC $1 PCGS MS65PL 1856 1C SLANTED 5 PCGS MS64RB CAC N2 R.1 However, one need not be limited to the Morgan dollar series. Off the top of my head, here are some US coin series that we at HLRC occasionally encounter with proof-like surfaces: Copper coins that can come proof-like: classic head half cents; braided hair half cents and large cents; Indian cents. Nickel coins that can come proof-like: 3c nickels; Jefferson nickels. Silver coins that can come proof-like: 3c silver; mercury dimes; seated quarters, halves and dollars; Morgan dollars. 1857 1C FLYING EAGLE Gold coins that can come proof-like: $1 gold (type 3), $3 gold, $10 PCGS MS65 CAC FS401B libs and $20 libs. Obv of 1856 Other coins: certain colonials, some classic silver commemoratives, pioneer fractional gold, some early gold coins. The above list is far from comprehensive. Other denominations and series can occasionally be found that way as well. Before the advent of the grading services, there was more controversy surrounding what was termed "proof' coins vs. what were more properly called "proof-like" coins. In fact, Walter Breen notes a specific example of calling beautiful proof-like early coins "proof" in his excellent book, Encyclopedia of United States 1870 1C PCGS PR65RD CAC Colonial and Proof Coins, published in 1977. Calling proof-like coins proof coins was a fairly common https://ui.constantcontact.com/visualeditor/visual_editor_preview.jsp?agent.uid=1113801266220&format=html&print=true 2/14 7/8/13 In the Loupe & New Purchases occurrence until the late 1970's and early 1980's among both dealers and collectors. To quote from Breen's book, "A Midwest dealer has attempted to assemble a so-called 'proof set' of 1796. The effort yielded a beautiful group of coins, though most of them would not have qualified at the presentation piece level." 1877 1C PCGS XF45BN 1827 50C SQUARE BASE 2 PCGS MS64+ O-120A R.3 1895 1C PCGS PR64RB In the same vein, we have in inventory another variation on this theme. It is an 1827 Bust Half Dollar with a fairly proof-like obverse and a completely frosty reverse. This is the type of coin that was sometimes cataloged as a "one sided proof" in years past. This term is not in widespread use any more, though it pops up every once in a while in an auction catalog or in an article. Whatever collecting challenge you pursue, make sure it appeals to you, and is likely continue to do so into the future. Collecting poor 1870 2C PCGS PR64RB man's proofs is one such avenue to consider. In future newsletters we will suggest other collecting choices that you may not have thought of. When it comes right down to it, the choices of what you can collect in numismatics are limited only by one's imagination. From Harry's Secret Files... a 'Condition Rarity' Hiding in Plain Sight 1880 3CN PCGS XF40 CAC Everyone knows that the 1932 $10 Indian is common in uncirculated. No argument there. But did you know that 1932 is actually one of the rarer $10 Indians in the upper mint state grades? Most people are unaware of that fact. The 1932's and the 1926 $10's were largely stored in bags and were jostled around quite a bit over the years. This resulted in coins https://ui.constantcontact.com/visualeditor/visual_editor_preview.jsp?agent.uid=1113801266220&format=html&print=true 3/14 7/8/13 In the Loupe & New Purchases that still had fresh luster but with scuffs and especially cuts on the delicate, exposed surfaces of this beautiful design. This means that superb gems are almost non-existent. For proof, check the population reports - you will likely be surprised, if not shocked. Harry, has known of this fact for quite some time. He has been on a serious hunt for one of these elusive creatures for quite some years. 1880 5C PCGS XF40 1794 H10C PCGS VF35 CAC LM2 R.5 1932 $10 PCGS MS66+ We are proud to show you the results of that search. Just one coin... but what a coin! Fresh, booming, luster - and free of those distracting cuts that are ubiquitous on most specimens. 1830 H10C PCGS MS63 LM3 R.2 Dave Wnuck [email protected] Contact Dave direct at his office in CT (203) 872-3078 1798/7 10C 16 STARS REVERSE PCGS XF40 JR1 R.3 Upcoming Shows https://ui.constantcontact.com/visualeditor/visual_editor_preview.jsp?agent.uid=1113801266220&format=html&print=true 4/14 7/8/13 In the Loupe & New Purchases Whitman Baltimore Expo Baltimore, MD June 20th‐23rd Tables 354 & 355 Summer FUN 1836 10C PCGS AU50 JR3 Orlando,FL R.3 July 11th‐13th Table 502 Featured Coins 1870S 10C PCGS VF35 1793 1C LIBERTY CAP PCGS F12 1898S 25C PCGS MS63 SHELDON-13 HIGH R.3 Incredibly scarce and often sought after. The toughest of the three major deisgns from the first year of Large Cent issues. VF20 coins sell in the low 50's and are seldom offered. This is the first fine we have handled in 6 years and we are considered one, if not the most prolific buyers of this issue. Attractive and relatively problem free. An XF45 brought 176K. No decent circulated examples on the market. $50,000 1920 25C PCGS MS64FH https://ui.constantcontact.com/visualeditor/visual_editor_preview.jsp?agent.uid=1113801266220&format=html&print=true 5/14 7/8/13 In the Loupe & New Purchases 1806 50C POINTED 6, NO ST PCGS XF45 CAC O109 R.1 1859-S 25C PCGS AU50 Extremely rare in grades above VF! Low pops across the board. Pop 3 in 50 with only 3 higher. Nice choice coin! CAC Approved! $24,500 1807 50C DRAPED BUST PCGS AU53 O103 R.3 1820/19 50C SQUARE BASE 2 PCGS AU53 CAC O101 R.2 1896-S 25C NGC MS65 ELIASBERG Ex. Louis Eliasbeg collection, and noted as such on the slab. A key date, top grade coin in a very popular series that came from the number one collection of US coins ever formed. Can it get any better than this? With Mr. Eliasberg's vast resources you would expect a coin of impeccable quality, and this coin is exactly that. A needle sharp, 100% full strike, deep cartwheel luster that leaves the fields looking slightly prooflike, with medium gold toning with just a hint of blue. The cheek is clean and clear of all impediments. Sure to be a highlight in a very important collection 1823 50C BROKEN 3 PCGS of either key date rarities or Barber quarters. AU53 O101 R.3 $42,500 https://ui.constantcontact.com/visualeditor/visual_editor_preview.jsp?agent.uid=1113801266220&format=html&print=true 6/14 7/8/13 In the Loupe & New Purchases 1826 50C PCGS AU58 O109 R.1 1913-S 25C PCGS MS66 CAC This is the third rarest date in the Barber Quarter series! Surprisingly, it does have a lower mintage of only 40,000 compared to the 1896-S mintage of 188,039 and the 1901-S mintage of 72,664.This handsome man is fully struck with 1902O 50C PCGS MS64 CAC booming luster and gem surface quality. If you look closely, you can see a die crack that starts at the denticle under the 13 portion of the date where is extends up towards the neck and ends at the last star.Pop 9 with only 5 higher. CAC Approved! $46,000 1908 50C PCGS MS66 1836 $1 ORIGINAL - COIN PCGS PR50 1933S 50C PCGS MS65+ Intensely original & pristine choice example of this popular type. $23,500 https://ui.constantcontact.com/visualeditor/visual_editor_preview.jsp?agent.uid=1113801266220&format=html&print=true 7/14 7/8/13 In the Loupe & New Purchases 1858 $1 PCGS PR58 CAC 1880 $1 PCGS MS66+ CAC Pop 3 with none finer! This is huge for a Morgan Dollar! We are comparing this coin to it's earlier date, the 79-P which has a pop of 4 with 1 finer.

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