Coins We Love - October 26
This week finds us wrapping up the last major show of the year in Baltimore, Maryland. This year’s Winter episode of the popular Whitman show has started off fantastically well. In fact, we haven’t had a single complaint about the show’s hosting this week, it’s been smooth and seamless. Maybe it has something to do with the fact that we feel like it’s a second home for us, but it’s been an overall pleasing experience. Now the action at the coin show has not been as smooth, but it never is! That’s mostly a good thing for us though. As Jason so eloquently put it, sometimes we seem to be on the brink of utter chaos at a show or in our pre-show trading room. However, we teeter on the ledge, but always pull back just enough to prevent the avalanche. This week has involved a lot of cliff hanging, but it has been a ton of fun and incredibly productive. Going into the show, we viewed it as a huge buying opportunity, as the cash flow in the wholesale market for many dealers has been quite tight since the ANA. While most dealers won’t have a lot going on before the FUN show in January, we are in need of as many new coins as we can find. We’ll be bringing out new coins for sale in the coming weeks all of the way through December thanks to the show, and we think that you’ll like many of the upcoming highlights.
Another item that I want to mention is that DLRC would like to welcome our newest associate to the fold. In my previous employment at what was then Spectrum Numismatics, likely the largest wholesale coin dealer in the country at the time, I was privileged to work with some true legends in the coin business. One of these fellows was a man that most of you would not know. However, Paul Nugget, of Long Island, New York has agreed to join DLRC in an advisory/associate role. While he won’t be working out of our office, he’ll be lending even more input to DLRC in our rare gold listings. When it comes to dated gold, Paul has handled nearly every gold issue in the Red Book. He has worked on the wholesale side of the coin business for nearly 50 years from importing gold coins from overseas to handling major U.S. rarities. Over the past two years he attempted retirement due to some health issues, but as I’ve been told before, coin dealers never retire. We’re excited to have Paul join us as he is a great numismatist, friend, and mentor. While his impact will be on the silent side, which is not a word that most people associate with Paul, he will be giving us much input on some of our offerings and will be helping us in acquiring even more coins of the gold variety.
That’s all that we have for this week and we hope that you enjoyed our commentary on the show and the DLRC Happenings! And while we love sharing these things, we hope that you love the coins below even more! Thanks for reading and we hope to hear from you this week!
John Brush and Your Friends at DLRC
Why we love it: A registry-quality gem Lincoln Cent from this popular year of issue. In this high grade with booming red color, this common coin becomes scarce and desirable. Our example displays immaculate, lustrous surfaces that are simply blazing red and incredibly appealing to the eye. There is only one other Red example of this Lincoln Cent issue graded finer by PCGS.
Value: The PCGS Price Guide has this coin valued at $7,000 with the CPG Value coming in more realistically at $6,250. This blazing red, ultra-gem example of this popular date Lincoln Cent is available for purchase via the Make Offer function for just $5,750!
Why we love it: The 1889 Carson City Morgan is one of the most highly sought-after key dates in the Morgan Dollar series. This famous key date is a must-have for any serious collector or investor of Morgan Dollars, Carson City coinage and any enthusiast of U.S. coins. The present example is an especially desirable rarity as this issue is difficult to locate in Mint State grades. It displays mostly bright white surfaces with strong luster and ideal eye appeal for the assigned grade.
Value: The PCGS Price Guide has this coin valued at $52,500 with the CPG Value coming in just shy of that number at $51,400. This bright white, lustrous example of this popular key date CC-Mint Issue Morgan is available in this week’s auction reserved well below the $50,000 mark at just $44,000!
Why we love it: A popular first year of issue and an even more desirable type coin for the Saint Gaudens series. This gem example possesses incredibly high-quality eye appeal and features beautifully pristine, fully lustrous surfaces with perfect, original rich golden coloring. This piece comes from a moderately low mintage of just 361,667 coins struck, in which only 18 are graded finer by PCGS.
Value: The PCGS Price Guide has this coin valued at $6,500 with the CPG Value coming in more generously at $7,190. This stunning, lustrous gem example of this First Year of Issue Saint Gaudens is available for purchase via Make Offer for just $6,000!
Why we love it: Enough has been said about the sinking of the SS Central America ship in the past year that there’s no need to elaborate. However, these collectible items are a way to own a piece of the shipwreck and the California Gold Rush at only a fraction of the price of a coin. Perfect for stocking stuffers or as a knick knack for your bookcase, these items are the ideal gift for the collector.
Value: Offered in most locales north of $300, we bought a small group of these at a bulk discount and can offer them for just $275 via the DLRC website, and I know of at least one numismatist who would love to have one of these at home!
Why we love it: The 1894 Morgan is one of the most desirable and popular key dates in the Morgan dollar series. This CAC approved near-gem example displays pristine surfaces covered in luster with lovely rim toning. A fair argument can be made for calling this coin under-graded as it is deserving of gem status. This Key Morgan Dollar issue comes from a low mintage of just 110,000 coins originally struck.
Value: The PCGS Price Guide has this coin valued at $11,000 in MS64+ and at $37,500 in full gem MS65. This CAC approved MS64+ example possesses the pristine surfaces and lovely overall eye appeal of a true gem. It is available in this week’s auction reserved extremely reasonably at the low price of just $11,750!
Why we love it: The 1944-S is one of our favorite dates from the short set of the Walkers. This gem example features nearly perfect blemish-free surfaces with pretty, rich toning. The rose-gold and magenta colors cover the obverse completely, which is complemented nicely by a lustrous, mostly white reverse.
Value: TThe PCGS Price Guide has this coin valued accurately at $450. It is available for purchase at the extremely comparable price of exactly $450 via Make Offer. That is directly on point with the PCGS Price Guide value for this lovely, deeply toned later date Walker even with CAC approval!
Why we love it: This stunning piece is not only a scarce issue but is also one of the most beautiful Liberty Head Quarter Eagles we have handled. This ultra-gem displays pristine surfaces that feature silky rose-gold tints with gorgeous underlying satiny luster making for perfect eye appeal. Coming from an extremely low business strike mintage of just 10,960 coins struck, this example is tied with just one other for the finest known.
Value: This coin is tied with just one other example for its date and mintmark combination for the finest known at MS67+. The next highest grade in existence drops all the way down to MS65+. Those facts combined with the extraordinary CAC approved beauty and lack of blemishes makes this piece incomparable to any other example or price guide. This unique registry-quality ultra-gem is available in this week’s auction reserved fairly and justifiably at just $48,850!
Why we love it: An incredibly popular Morgan Dollar issue that comes from the famous Carson City Mint. This CAC approved gem example is out of the well-known GSA Hoard and is graded in its original holder. The coin itself is excessively lustrous and mostly blast white as there is also a small attractive crescent of toning on the obverse.
Value: The PCGS Price Guide Value for an 83-CC Morgan in MS65 is $500. This gorgeous gem example is not just high-end for the grade and CAC-approved; it is also a famous piece from what was likely the most famous hoard of U.S. coins that were issued by the Government Services Agency in the 1970s. These incredible attributes hold a strong, justified premium yet it can be yours for that same low price of just $500 via Make Offer!
Why we love it: An early D-Mint issue Mercury Dime that is much scarcer and more desirable with Full Bands especially in gem condition. This gem example features pristine surfaces that are covered in beautiful, dark toning. The color is deep and rich on the obverse and a bit lighter and spottier on the reverse, yet both feature the same lovely rose tints. There are only 14 other examples of this issue graded finer by PCGS with Full Bands, in which they are all MS66FB or 66+FB.
Value: he most recent sale of the same date and grade combination with CAC approval brought $5,040 in auction at this past ANA World’s Fair of Money. The PCGS Price Guide Value for a piece without the premium of a CAC Sticker is $4,250 yet you can have our example offered here for just $4,000 even via Make Offer!
Why we love it: A popular and desirable issue that commemorates the 200th anniversary of the famous frontiersman's birth. P, D and S-Mints were issued in '35, '36 and '38 but in ‘37 only D and S-Mints were issued, none at Philadelphia. This gem example displays both strong luster and lovely pastel toning making for beautiful eye appeal. This Boone Commemorative issue comes from an extremely low mintage of just 2,003 coins originally struck.
Value: The PCGS Price Guide has this coin valued at $825 with the CPG Value just a bit higher at $910. This beautifully toned gem example of this popular, low mintage Commemorative is available for purchase via the Make Offer function for just $775!
Why we love it: This popular and scarce California Fractional Gold issue features frosty devices and high-quality fields with pretty, original color. This Territorial piece’s unique look, lack of noticeable marks and solid detailing in the devices give a nice, expected eye appeal for the issue. Used as currency by the many people who traveled the road to the California Gold Rush, these coins are popular amongst collectors and historians alike!
Value: The PCGS Price Guide has this coin valued at $400. It is available for purchase at the reasonable price of just $365 via Make Offer. That is $35 below the PCGS Price Guide value for this scarce and desirable California Fractional Gold Issue!
Why we love it: A intriguing yet affordable piece of numismatic treasure from the famous and historic SS Central America Shipwreck. An early 50 Centavos from Chile certified by PCGS with the gold foil label. This is a reasonably priced but still unique and interesting way to add a shipwreck recovery coin to the collection of any numismatist or historian.
Value: One of the absolute most reasonable methods of acquiring a shipwreck recovery piece from the famous SS Central America. Through our Make Offer function, you can add a truly historic numismatic treasure to your collection for the shockingly low price of just $450!
Until next time, thanks for stopping by and sharing some time with us to browse our Coins We Love.
Check out all of the available "Coins We Love" from past newsletters