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ONRCOINS
New Orleans coins that are in Mint State are considered one of the rarest in early double eagle coins. Stack’s Bowers’ November 2017 Baltimore Rarities Night Auction will present the finest 1858-O Liberty Head Double Eagle coin, certified by either service. With razor-sharp, striking detail on both sides, this coin is graded MS-63 by NGC, with detail that is universally full from the rim to the center. Appreciable reflectivity is apparent in the fields, and the coin is semi-prooflike with a bright golden yellow surface. Other features of this landmark coin include a satiny texture, and small, wispy handling marks that preclude a higher grade.
Details of the upcoming October 2017 Collector’s Choice Online Auction have been released by Stack’s Bowers Galleries. The auction will feature World and Ancient Coins in addition to World Currency. The live bidding for the Ancient and World Coins commences on Wednesday, October 4, at 8am PST. The bidding for the World Currency will follow seven hours later, at 3pm PST. While bids may be submitted prior to the auction, the Collectors Choice sales will close live with an auction agent.
In terms of popularity, gold coins minted prior to 1933 are favored by collectors and investors across the globe. Of particular interest is the United States gold dollar, which was struck at five different mints in three distinctive types in the years 1849 through 1889. There are different methodologies of collecting, as this particular denomination is preferred by many collectors throughout the generations.
World War II had a significant effect on the minting of coins. Because copper was a much-needed metal for the war effort, for the manufacture of shell casings, it was decided that the copper would be eliminated from the United States penny’s composition. The alternative was a one-year only type composed of zinc-plated steel.
The 2017 ANA World’s Fair of Money was a success, with the Stack’s Bowers Galleries Official Auction amassing a grand total, including all sessions, of $19.2 million. Of that amount, over $12.4 million was from United States coins.
For over 150 years, coin collecting has been a popular hobby in the United States, with a dedicated group of enthusiasts numbering in the millions. The very nature of coin collecting places a great emphasis on the value of the coin, a lot of which has to do with its current condition.
The Official Auction of the 2017 ANA World’s Fair of Money will feature a remarkable find, am 1894-O Barber dime from the Fossil Creek Collection. The coin is certified MS-66 by PCGS and approved by CAC, and will be featured in Lot 2065 in the Rarities Night of the auction.
17 experimental cents and tokens that were struck in glass during World War II were certified by Numismatic Guaranty Corporation® (NGC®). These pieces were struck in glass in order to test their composition for possible coinage, and can be viewed at NGCcoin.com/GlassCents.
U.S. Mint’s America the Beautiful Quarters® Program Celebrates Ozark National Scenic Riverways with New Quarter Release.
On June 8, 2017 the United States Mint and National Park Service celebrated yet another quarter release in the America the Beautiful Quarters® Program. The most recent park featured is Ozark National Scenic Riverways in Missouri with the reverse side depicting the Alley Mill, a steel roller mill dating back to 1894. The mill was used convert wheat into flour and much of the mill remains intact giving visitors to the park an opportunity to tour the mill.
In celebration of the establishment of the United States Mint in 1792, the Mint released the anticipated and modernized version of Lady Liberty with the American Liberty 225th Anniversary Silver Medal on June 14, 2017.
With the 1848 discovery of gold at Sutter’s Mill in Coloma, California, it would take decades for the U.S. economy to recoup from the effects of the California Gold Rush. At a time in history when the gold to silver ratio was already impacting the United States Mint’s operation, the discovery of gold would once again upset this fragile balance. With the circulation of gold flooding the markets, the price of silver went up so high silver coins were worth more as bullion than actual face value. This further caused an influx in individuals hoarding their silver and gold, exporting it to other countries, or melting it down for their own profit. With the inflated price of silver, the United States Mint struggled to make a profit because the actual face value of a silver coin was outweighed by the cost of its production. Therefore, by 1851 the Mint reduced silver coin production significantly across all denominations.
The year 1876 was filled with much celebration as the U.S. marked its 100th anniversary of the signing of the Declaration of Independence. While many special items, such as medals and souvenirs, were produced to commemorate the anniversary, U.S. coins were one of the most popularly collected relics from the year. In fact, coins minted in 1876 are one of the most sought after pieces today.