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22 May 2019

The Forgotten Eagle

Coins | Mokiechan

There has been a tremendous amount of excitement associated with the West Point Mint in recent months due to the release of the FIRST EVER W Mint Lincoln Cents and the release, into the general economy, of 10 Million W ATB Quarters. But there is a largely forgotten W mint product that has been slowly dwindling in popularity since 2006.Back in 2006, the 20th anniversary year for the silver eagle, the mint started producing, what they describe on their website as the American Silver Eagle One Ounce Uncirculated Coin. This rather generic title implies the coin is no different than the silver eagles you can by in bulk at your local coin dealer. Why would someone pay a premium for something they can get, in bulk, for spot plus a small %? What makes these Silver Eagles so special is their Burnished finish. Burnished coins have a soft matte finish that harkens back to the Matte Proofs of yesteryear but without the double striking. To produce a burnished finish, the silver blanks are cleaned then polished in a drum, similar to a rock tumbler. By doing this, the planchets are smoothed and all surface scratches, blemishes, etc. are removed. This process also gives each planchet the trademark soft matte finish, which remains true after the coins is struck. The 2019 Burnished Eagles are about to be released. I think this special issue deserves attention for both its beautiful appearance as well as its increasing rarity. Consider buying one for your collection before the coin community catches on. FYI - In 2006 the mint sold 468,000 of these Uncirculated Eagles and mintage peaked the following year but has been in decline since:2007- 621,333

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21 May 2019

South Korea's "Olympic Bid" Commemorative Coins

Coins | Mark Lovmo

An article I published in the Journal of East Asian Numismatics on a series of Olympic Commemoratives issued by South Korea in the 1980's:

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19 May 2019

Mercury dimes

Coins | user_3589

Relatively new collector here. Right now trying to assemble the Mercury set. I think it is one of the most beautiful coins in US coinage history. Love the concept behind the design.

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18 May 2019

"New Panama Coin"

Coins | user_86060

The last Wednesday May 22 was the launch of the commemorative coin of the bicentennial of the birth of Don Justo Arosemena. Which is considered "the most relevant Panamanian of the nineteenth century." He dedicated his life to fight for the political autonomy of Panama, which is considered "the most illustrious of Panamanians and father of Panamanian nationality.To celebrate his birth, two coins 2017 and 2018 were both minted of 999 Silver with a diameter of 38.1mm and weight of an ounce both in Proof Quality. In addition, two million 1/4 balboa (quarter dollar, similar) were coined in cuproniquel that began to circulate in Panama, is as current circulation. These coins were made at Royal Canadian Mint.The event was attended by a large delegation of the Numismatic Association of Panama, personalities of the Government of Panama, the bicentennial commission, representatives of the National Bank of Panama as well as the public in general. This series was a run of only 500 pieces in a luxury case. and as long as the existence is exhausted, it will cost $ 75.00 each one

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15 May 2019

A Curious Strategy

Coins | Mokiechan

I have been following a lot on EBAY for several days and waiting to see if their would be any bidders or if it would simply timeout. I sometimes use this method to monitor a lot I might want, but am not willing to pay the price, for one reason or another. Well, this lot of three irradiated dimes caught my eye, and I almost pulled the trigger at the original price but hesitated because the only Dime I was really interested in, was the Dime in the Worlds Fair holder, the other two were nice, but I already had examples. The price was pretty good though, about $11 each when you added in postage. The thing that made me hesitate was a thought that maybe if the lot expired without a bid, it would be relisted at a lower price, that happens sometimes, and I often buy when that happens. This lot closed without a bid, and the owner did relist but at a HIGHER price, from 29.99 to 31.99 plus postage of 3.89. Higher Price, what is this dude thinking? It was not a BIN sale, so it puzzles me. Maybe he raised the price because:1. the old marketing concept of perceived value, if a thing is cheaply priced, the perception is the product is inferior, a higher price raises the perceived value in the eyes of the consumer. The seller thinks the higher price will attract a better heeled buyer.2. Someone told him his original price was too low and that each of those dimes should sell for at least 15.00 each, he decided to raise the price because he thinks they're correct after doing his own research on irradiated dime sold prices. But again, it was not a BIN sale, so if there were interest, he should have at least received the minimum bid.3. He put no real thought into the price increase, he just saw that EBAY offered to relist and raised the price for heck of it. What do you think? I am still following this lot, but I am far less likely to buy it now, if he had even left the lot the same price, I would have given him a 50/50 chance of getting my bid.

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12 May 2019

PAN Convention Report

Coins | Mokiechan

In the Navy we have an acronym BLUF, Bottom Line Up Front. Well my BLUF at the Spring PAN Show was an Excellent Time was had by all. As you may have read in previous blogs, I had the responsibility of managing the Kid Zone and they literally left me alone pretty much all day. It got a little hectic at times but it was the kind of hectic that makes you smile from ear to ear and is its own great reward. One very little girl, maybe around 5 Y/O, in particular made me smile. We had the Kid Zone auctions lots at my table for viewing and she was absolutely mesmerized by a Big Honkin Replica of a 16D Mercury Dime, now this thing was the size of a silver dollar and was silver plated, but she told her Dad, that was it, that was the coin she wanted to win at the auction. It was lot 18 at the auction and when our auctioneer started the bidding, it was more spirited then I thought it would be, I was pulling for her and just wishing she would win that prize, and she DID. It made my heart jump with joy. There were lots of familiar young faces at the table and some newbies, I enjoyed every minute of it. Incidentally, I was also videotaped by the Harrisburg Coin Club describing how the Kid Zone operated, when that video is published, I will post a link to their page so you can see moi in action (should be a cringeworthy but amusing).As for the Con itself, it was bustling and I think the fact that we handed out so many show postcards at the National Money Show helped boost attendance by at least a third. I am sure the dealers were thrilled, I was able to breakaway, literally for 15 minutes, to pick up a nice assortment of items at what I thought were excellent prices. You can see some examples below, I also picked up assorted wooden nickels, buttons, lanyards, periodicals, and other assorted things to add to my growing box of doodads. My favorite purchase was the Jefferson Dollar you see pictured below, that puppy only cost me $24.00 and I think it was an outstanding deal. I already had a 2018 innovations Dollar in PR69 but the PR70 in ANACS slab also called me with a price of $30.00. It was a good day and I actually came home with money in my pocket.Finally, I turned in three coins at the ANACS table. They were the Apollo 11 Half Dollar, the reverse proof Apollo 11 Kennedy Half, and my 1861-O Half Dollar with the CSA Speared Olive marker on the reverse, once it's validated by ANACS, my new slab will reflect the CSA production of the 61-O. I am going to be the most impatient person in Pennsylvania, waiting for those three submissions to return. The next PAN show is in October, I cannot wait!!!!!!!!!!!!!!!!!

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11 May 2019

To Improve Your Set Or Not To? That Is The Question

Coins | Pat

Hi everyone. I came across an interesting problem a while back. I had just finished my favorite set. Most of you know it's The Coventry Set by P. Kempson just one of the many of the great die sinkers in the 18th century. There are many but Kempson has the touch of detail. A little about the set. It was made in 1797. It was of famous buildings some going back before the 14 th century and still stand today It took five years to complete this set one and only one bought here in the States. There Conder tokens made in England. Now if there's one thing that still works on me it's my eye for detail and grading. All the 19 tokens in the set to from MS 63 to 65. Some.red brown one P.L. That's a real quick breakdown in the set. Now to the question. Let's say you have a set you really like and you worked hard on it. You finish it. Months later you see a token of coin from your set in better condition than one of your coins.what do you do leave the set alone. I went and bought it. Why? It improves the set immediately. You can sell the other coin to offset your price on the new one. I sent it in and yes it was better. My 223 year old set now goes from MS 63 to 66. I'm just telling you what I did not what you should do. My eyes told me this was a better coin in every way detail workmanship better grade and absolutely beautiful. So that's a tough question. What if it comes back worse. Well as soon as I saw it it said buy me now I will make you happy and it did. Now I wrote a blog on this way back I'm not writing another however it was built in 1506 and still stands today so I think this is an interesting question I'm sure it has come up before with lots of collectors. Thanks for reading this. Be careful if you decide to improve your set because of its beauty and increase the overall vakue. Thanks I'm interested in your comments. Remember it can be any set of any coins or tokens even medals. . Thanks for reading. Mike

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