Gold Performance in 2016 and Beyond

COINage
INage A Magazine for Coin Collectors | February 2017

www.coinagemag.com
Vol 53 No. 02 • Issue code: 2017-02
February 2017 • Display until 02/21/2017 • $4.99
02

0 71658 02039 9
PRINTED IN USA
Universal Cv2.indd 2 12/23/16 5:49 PM
 COINage February 2017 I Volume 53 I Number 2

Cover Photos: 18/Small Date, Large Impact (PCGS); 10/Gold in 2016 and Beyond (U.S. Mint); 30/Coin Capsule: 1801 (public domain);

Gold in 2016 and Beyond 10

Can the precious metal maintain its bullish status?
by Louis Golino

Sizes Matter 18
The 1960 small date cent had a large impact on the hobby.
by Tom DeLorey

South Korean Numismatics 22

Getting over the language barrier.
by Mark Lovmo

The Modern World 28

Living persons depicted on modern United States coins.
by David Schwager

Coin Capsule: 1801 30

The Electoral College faces its first crisis.
by John Iddings

DEPARTMENTS
My Two Cents’ Worth 6 COINage Price Averages 55 Index to Advertisers 66
Market Report 8 COINage Kids 62 Index to Coin Buyers 66
Price Guide 32 Numismatic Notes 64

On rare occasions, inadvertent typographic errors occur in
coin prices listed in advertisements. For that reason, ad-
vertisements appearing in COINage should be considered
as requests to inquire rather than as unconditional offers
of sale. All prices are subject to change without notice.
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All righs reserved. Reproduction of any material from this issue in whole or in part is strictly prohibited.

February 2017 3
G&F_Jan_4-5.indd 4 12/23/16 6:07 PM
G&F_Jan_4-5.indd 5 12/23/16 6:07 PM
 “My Two Cents’ Worth”
EDITORIAL
ED REITER by Ed Reiter
Senior Editor
LYNN VARON
Managing Editor
BIRTHDAY-FROSTED PROOFS

T
Editorial Queries: he United States Mint is marking a
COINage magazine Queries
major milestone in 2017: the 225th
5235 Mission Oaks Blvd. #201
Camarillo, CA 93012 anniversary of its founding in 1792.
(972) 448-4626 With little fanfare, a second big anniversary
editor@coinagemag.com also is taking place: the bicentennial of the
first proof coinage struck by the young U.S.
CONTRIBUTING EDITORS
Mint.
MIKE FULJENZ
Proof coinage had been around for nearly a
JOHN IDDINGS
century and a half when operations began at
SCOTT A. TRAVERS
the Philadelphia Mint in 1793. The U.S. Mint
DAVID T. ALEXANDER
had no time for it, though, for it was preoc-
R.W. JULIAN
cupied with making regular coins for the
TOM DELOREY
nation’s commerce. What’s more, it lacked
RON MEYER
the equipment to strike such special coins.
JOSHUA MCMORROW-HERNANDEZ
Contrary to a common misconception, the
ART DEPARTMENT term “proof ” doesn’t refer to the grade of
LINDSEY JONES a coin. Rather, it denotes the way the coin
Art Director was made. Proofs are specimen-quality coins
RAVIJOT SINGH struck multiple times on highly polished
Cover and Graphic Design planchets with special polished dies.
ROBYN AUSTIN The first known proofs were produced by
Contributing Designer the British Royal Mint in the 1650s. Few
were made, however—by Britain or any
ADVERTISING other nation—until the early 1800s.
BILL DUMAS Some U.S. coins struck prior to 1817 are
Advertising Director prooflike in appearance, but their superior
PRISCILLA TORRES quality came about more by accident than
Advertising Sales
design. In any event, there is no indication
TOM CARROLL that Mint officials were deliberately produc-
Ad Traffic Coordinator
ing proof coinage at the time.
ERIC NORTON It was no accident that U.S. proof coin-
Price Analyst
age first took place in 1817. But it was the
Advertising Inquiries: direct result of an accident. A calamitous
Bill Dumas / COINage magazine
Beckett Media LLC fire early the previous year had destroyed an
4635 McEwen Rd., Dallas, TX 75244 outbuilding where the Mint kept its rolling
Ph. (972) 448-9147 mills—equipment used to flatten pieces of
Fax (972) 991-8930 metal to the proper thickness for coining. As
Priscilla Torres a result production was sharply curtailed for
(972) 448-9131 the rest of 1816.
ptorres@beckett.com Mint officials spent 1816 not only replacing
the rolling mills but also upgrading other
SANDEEP DUA
President machinery. When full production resumed
in 1817, these improvements made it possible
JAMES L. MILLER
Founder to strike proof coinage—and the Mint did
exactly that, although on a very limited basis.
SUBSCRIPTION QUESTIONS? For the first half-decade, proofs were made
(866) 287-9383 in extremely limited numbers. The output
subscriptions@beckett.com increased thereafter, but generally totaled
only dozens per year. These coins were made
primarily as a service to numismatists living
near the Philadelphia Mint and were sold at
face value
Those coins were sold individually, rather
than in sets, but in 1834, the Mint assembled
the most famous—and most valuable—proof
sets in U.S. history: the special sets meant for
presentation to the King of Siam and other
Asian potentates in an effort to establish
trade with their countries. Those sets were
the genesis of the famous 1804 silver dollars.
There was heightened interest in proofs
starting in the late 1850s, when the introduc-
tion of small-size cents led to an influx of
new collectors. From then on, proof mint-
ages escalated to the hundreds—and occa-
sionally the thousands—into the early 20th
century. At that point, they were offered in
subsets each year—one with the gold coins,
one with the silver and one with the base-
metal coins.
The modern era of U.S. proofs dates from
1950. Starting that year, the coins could be
purchased from the Mint only in complete
sets. The issue price was a reasonable $2.10
per set from 1950 through 1964, but since
then prices have risen substantially—and,
in recent years, so has the number of coins.
A complete 2016 proof set contains 13
coins and was sold by the Mint at issue prices
of $31.95 for the regular (base-metal) set and
$52.95 for the silver set.
There’s a bit of irony in this: Back in the days
of $2.10 proof sets, many collectors—and
bargain-wise non-hobbyists—bought them
every year as a prudent form of investment,
for three of the coins contained silver—more
than half an ounce altogether—and the sets
always increased in value, sometimes sub-
stantially, with the passage of time.
Today, the base-metal proof set has little
intrinsic value, yet sells for more than 15
times as much as those warmly remembered
sets from the ’50s and early ’60s.
Then again, there once was a time when
proofs cost just face value.
A lot has changed in the last 200 years.

6 www.coinagemag.com COINage
G&F_Jan.indd 7 12/23/16 6:12 PM
Market Report
TRUMP’S ELECT ION G ALVANIZE S SALES
D
onald Trump’s surprise election as
45th U.S. president has triggered big
changes—some expected, others
not—in the market for precious-metal coins.
Contrary to many experts’ assumption, the
prices of gold and silver fell, rather than rose,
following the election. Most observers had
thought those prices would move higher—
perhaps sharply higher—because uncertainty
tied to Trump’s unpredictability would make
investors jittery.
The president-elect’s assurances that he
envisioned no drastic economic initiatives
helped allay skeptics’ fears, as did his conser-
vative Cabinet selections, which included a
number of prominent Wall Street executives.
Lower bullion prices have made gold and
silver coins more affordable, bringing some
buyers back to the marketplace. But the most
dramatic activity has taken place not in the
market’s more moderate end but in the sale of
high-priced “power coins”—what some deal-
ers refer to as “big-boy toys.”
There has been a resurgence in demand for
coins priced at over $100,000. Shortly after
the election, one major Texas dealer sold all
eight $50 gold pieces he had in stock. And a
leading California dealer told me he has seen
a surge of new interest in coins with six-figure
price tags.  ing numismatics for young and old alike.
When I was a young collector, I dreamed
of someday owning a $4 Stella, an 1870-CC
double eagle, an 1804 silver dollar or a $50
Panama-Pacific gold coin. It seems that others
with those same dreams, and with capital to
fulfill them, are acting on those desires now.
There’s a growing sense of optimism
among entrepreneurs and collectors I talk
to that business and income will generally
improve during Trump’s presidency. This
seems to be manifesting itself in a surge of
high-end numismatic sales that is atypical
for December.
The official Donald Trump presidential
inaugural medal was scheduled to be issued
through the president-elect’s Inaugural Com-
8 www.coinagemag.com
OF HIGH -PRICED
mittee. It was expected to be available before
the Jan. 20 inauguration.
Private mints compete for the contract to
produce the official inaugural medal. The
winner of the contract can strike and sell
medals in different sizes, metallic versions
and set combinations that are approved by
the Inaugural Committee or a subcommittee.
This official inaugural medal, which is made
by a private mint, should not be confused
with the traditional presidential medal made
and issued by the U.S. Mint. The sale of
official inaugural medals began in 1901 for
the second inauguration of President William
McKinley. There is a good collectors’ market
for presidential memorabilia that many coin
dealers and collectors dabble in.
The Greater Houston Coin Club held
its annual Money Show of the Southwest Dec.
1-3. The next show will be at a new time and
location—in mid-January 2018 in Conroe,
Texas.
The December show was a great place to
pick up bargains, as many Texas dealers
were trying to reduce their inventories in
order to minimize potential end-of-the-year
inventory tax.
This club does a wonderful job promot-
Fourteen members, including two impres-
sive Young Numismatists, attended the ANA
Summer Seminar. The club also hosts a two-
hour numismatic seminar on the Boy Scouts
coin collecting merit badge. Twenty adults
helped 60 Scouts complete the program and
get their merit badges.
The 2017 Lions Club International com-
memorative silver dollar was scheduled to
go on sale early this year. A $10 surcharge on
each coin will support Lions Club programs
for the visually impaired and the disabled
and help young people in areas affected by
disasters.
Commenting on the new coin, the U.S.
Mint’s principal deputy director, Rhett
by Mike Fuljenz
COINS
Jeppson, said: “The United States Mint
is proud to honor one of the most well-
known and highly regarded service orga-
nizations.”
This organization’s work was special to my
late father, Ray Fuljenz, who was president of
the High Noon Lions Club In Lake Charles,
Louisiana.
As of early December, silver was at $16.77
an ounce, up over 21 percent for the year, gold
was up about 11 percent and platinum was
up 4 percent. The Swiss bank UBS expects
silver to average $18.60 in 2017. The United
Kingdom’s HSBC bank sees a similar price of
$18.75. UBS also sees gold averaging $1,350
in 2017.
Silver tends to rise or fall faster than gold
due to its narrower trading range, so a rela-
tively small increase in silver demand can
generate high-percentage price gains. The
approximate total world investment holdings
in silver are just $51 billion, versus $3 trillion
in investment gold. That’s a 60-to-1 ratio—so
when a small portion of the money from
stocks, bonds and currencies turns to silver,
that can push silver prices up sharply.
Silver industrial fabrication has grown by
well over 50 percent in the last half decade,
from barely 400 million ounces in 2009 to
over 650 million ounces in 2015. But the most
dynamic component of the silver price equa-
tion remains investment demand.
Junk-silver—1964 or before silver dimes,
quarters and half dollars—is currently bring-
ing offers of 10 to 12 times face value from
dealers. Dealers are currently paying about
$19 for Very Good and better Morgan dollars
and $17 and up for similarly graded Peace
dollars.
Mike Fuljenz, president of Universal Coin & Bul-
lion in Beaumont, Texas, is a leading coin expert
and market analyst whose insightful writing and
consumer advocacy have earned major honors
from the ANA, PNG, NLG and the Press Club of
Southeast Texas. His Website is www.universal
coin.com.
COINage
Govmint.indd 79 11/18/16 9:11 PM
 GOLD
IN 2016
AND BEYOND
Can the Precious Metal Maintain Its Bullish Status?
by Louis Golino

2
016 was the year gold bulls had been waiting for—the one when the metal finally outper-
formed again after a four-year bear market.
Even with the sharp correction that took place during the first week of October, gold was
one of the best-performing asset classes of 2016, having risen 18 percent for the year at that point.
At its high for the year following the U.K. vote to leave the European Union at the end of June,
gold was up 28 percent for the year.

US MINT

A 2016 American Gold Eagle contains one ounce of gold and has a face value of $50. These coins are the most popular government-
minted gold coins sold within the U.S. coin market. Sales of these coins were very strong for most of 2016.

10 www.coinagemag.com COINage

The 2016 American Buffalo Gold $50 coins, which contain one ounce of .9999 fine gold, are popular
for their iconic design, which is based on the Buffalo nickel. They were created largely because
pure gold coins have become the world standard in gold bullion coins.
In August, the World Gold Council report-
ed that spot gold prices had their best first half
of the year since 1980 and that investment
demand for gold was up 15 percent compared
with 2015. But as one would expect, this level
of performance could not be sustained all
year, and eventually some profit-taking and
other factors came into play.
When gold prices dropped about 6 percent
in early October from $1,330 to $1,250, ini-
tial reports suggested the move was caused
by the dollar’s strength against other curren-
cies and the latest talk about a possible hike
in short-term interest rates by the Federal
Reserve.
But Jeffrey Nichols, managing director
of American Precious Metals Advisors,
explained that the key factor was technical
selling of gold on the futures market by
short-term speculators, which resulted in
margin calls and stop-loss orders. Nichols
remains bullish because “physical demand
from retail investors and, most importantly,
hedge funds and other large-scale institu-
tional investors has remained firm.”
Andrew Salzberg, who runs Modern Coin
Mart (www.moderncoinmart.com), a lead-
ing numismatic and bullion seller, said that
recent positive data about the U.S. economy,
a stronger dollar and more hawkish rhetoric
about rate hikes combined to temporarily
create a risk environment in which safe-
haven assets such as gold typically decline
US MINT/ MODERN COIN MART
and stocks do well.
To understand the dynamics of the gold
market and where spot gold might be head-
ed, it is essential to understand the underly-
ing economic context of low interest rates for
February 2017
an extended period coupled with trillions of
dollars of quantitative easing, or money sup-
ply increase, in the U.S., Europe, China and
Japan, which is pushing global debt levels
to new highs. The International Monetary
Fund recently said that global debt increased
to $152 trillion in 2015 from $112 trillion in
2007, a 36-percent increase.
For the last several years, financial and
commodity market-watchers have been
obsessed with whether and when the Fed-
eral Reserve would finally begin normalizing
short-term interest rates. After over seven
years of keeping rates close to zero, when the
first small rate hike finally came in Decem-
ber 2015, the world did not collapse, but
concerns about subsequent hikes did help to
A $50 Gold Maple Leaf contains one ounce of
.9999 fine gold and is minted by the Royal Ca-
nadian Mint. Demand for gold coins and other
types of physical gold products was very high
in 2016. According to the World Gold Council,
investment demand for gold during the first half
of 2016 was the second highest on record.
suppress financial and commodity markets,
including precious metals, for a brief period.
During the course of 2016, the case for
raising rates remained weak due to con-
cerns about global growth and increased
uncertainty about the political, economic
and geopolitical situation. But by the end
of the year, the case grew stronger as the
economy strengthened, which could mean
one or more small rate hikes beginning soon.
But the key point is that even with those
increase, rates will likely remain extremely
low for many years.
Interest Rates and Gold
Mainstream financial analysts frequently
suggest that rising interest rates would be
bad for gold. But that view overlooks that
what matters is the real, rather than nominal,
interest rate after taking into account infla-
tion, which, though still low, is now rising.
In addition, yields today on savings are
incredibly low, and they actually are cur-
rently negative in eight European countries
and Japan.
In a world of negative interest rates and low
yields, the old argument that gold does not
pay a dividend holds no water, as there is no
opportunity cost to owning gold when cash
does not produce income.
Long-term precious metals watchers
remain bullish about precious metals, espe-
cially gold, for the coming years. James
Nichols, for example, sees the possibility of
gold surpassing its all-time high of $1,924 a
year from now and going even higher in the
coming years.
Many major banks that issue gold price
projections are more cautious but still much
more bullish than in the recent past.
The key factors that support a bullish
long-term perspective are primarily a supply
crunch, demographic trends, rising demand
and central bank purchases, safe-haven
demand, financial, political, and geopolitical
uncertainty and the rising role of China in
the gold trade and world finance.
Supply Crunch, Demographics
A supply crunch in gold has been build-
ing for several years because the spot price
has been too low to support much mine
production and many companies have had to
Continued on page 14
11
 QUALITY COINS FROM JACK H. BEYMER
All five six-piece type coin sets are housed in custom Capital Plastics holders, and the coins grade good or better.
EARLY TYPE CENTS EARLY TYPE ODD DENOMINATION

Large Cent Flying Eagle Cent Indian Head Cent Lincoln Cent Lincoln Cent Half Cent Two Cent Piece 3¢ Nickel Silver 3¢ Piece Twenty Cent Piece
1793-1857 1856-1858 1864-1909 1909-1958 1959 to Date 1793-1857 1864-1857 1864-1889 1851-1873 1875-1878
SET FOR $67.50 SET FOR $295.00
EARLY TYPE NICKELS U.S. GOLD EARLY TYPE QUARTERS
EF-AU BU
$1.00 LIB 240. 315.
2.50 IND 315. 365.
3.00 1125. 2100.
5.00 LIB 395. 470.
Seated Half Dime Shield Nickel Liberty Nickel Buffalo Nickel Jefferson Nickel Bust Quarter Seated Quarter Barber Quarter Liberty Quarter Washington Qtr
1837-1873 1866-1883 1883-1912 1913-1938 1938 to Date 10.00 LIB 745. 820. 1815-1838 1838-1891 1892-1915 1916-1930 1932 to Date
SET FOR $58.00 20.00 LIB 1440. 1550. SET FOR $220.00
LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS
1909 VDB F15 27.50 ANACS VF35 (VF30) ...........46.50 1915D ICG MS67RB... ..................... 1850.00 MS62BN 84.50 MS63BN.. ..................112.50 AG3 G4 VG7 F12 VF20 EF40
MS64RD 100.00 PCGS MS65RD.......176.50 AU50, light obv porosity. ......................34.50 MS64BN 151.50 PCGS MS64RB. ....290.00 VF30 5.25 PCGS MS62BN....................87.50
MS65RB 87.50 MS65RD....................173.50 EF40, obv & rev marks... ......................22.50 MS63BN 102.50 PCGS MS64BN. ......153.50 1919S 3 rev radial die, one 1909 VDB 9.10 14.00 14.75 15.75 16.50 17.50
PCGS MS64RD. ..................................102.50 EF40, rev flan flaws... ............................22.50 MS60BN................ ................................78.50 obv die cracks EF40. .............................14.50 1909S VDB - - 791.50 805.00 920.00 -
NGC, PCGS MS65RB....... .....................90.00 Fr2 8.25 ICG G4..... ...............................16.75 AU50 50.00 AU55 58.50 AU58 ............64.50 1920 MS65RB 78.50 MS65RD.. ........286.50 1909 2.30 3.50 4.00 5.00 5.50 6.50
MS64RB 66.50 MS63RD......................70.00 1910S/S north RPM2 G4......................20.00 VF30 21.00 ICG AU50...........................52.50 MS63BN 22.50 MS64RB... ...................46.50 1909S 58.00 77.50 86.00 98.50 140.00 -
MS64BN 40.00 NGC MS64RB. ............68.50 1911 PCGS PR64RD..... .................. 1500.00 EF45, light obv marks.. .........................12.50 MS60BN 17.00 MS63RB.... ..................24.50 1910 .30 .45 .50 .60 2.00 5.25
NNC MS66RD (MS64RB).....................68.50 MS65RB 152.50 MS66BN..................162.50 Fr1 .50 Fr2 .75 F15..................................7.75 AU50 8.50 AU55 11.00 AU58...............12.75 1910S 11.00 14.75 21.00 22.50 34.50 62.50
MS62BN 27.00 MS63RB.. ....................36.50 MS65BN 81.50 ANACS MS65RB. .....155.00 1915S AU50 123.50 AU55... ..............149.50 VF30 2.50 EF45.... ...................................5.50
1911 .30 .45 .85 1.50 3.50 8.50
MS60BN 24.00 MS63BN... ...................30.00 ANACS, PCGS MS64RB... ....................97.50 F15 40.00 VF30 77.50 EF45. ..............110.00 1920D AU55 54.50 AU58.... .................61.50
AU58 21.50 MS60RB.... .......................28.50 MS64BN 48.50 ANACS MS64BN. .......51.50 VF30, rev mark........ ..............................31.50 VF30 16.50 EF45 31.50 AU50 .............43.50 1911D 3.50 5.50 7.25 10.00 26.50 -
Fr2 5.90 AU50 19.50 AU55...................20.50 MS63BN 31.00 MS63RB.. ....................42.50 Fr2 11.00 EF40, porous.. ......................24.50 AU58, reverse mark.. ............................31.50 1911S 27.50 36.50 50.00 58.50 67.50 88.50
1909 VDB doubled die obverse VF30 6.00 MS60BN........ ......................19.50 EF40, obv porous patch. .......................19.50 AU58, weakly struck... ..........................23.50 1912 1.25 1.95 2.20 2.50 6.75 -
FS1101 VF20.........................................85.00 MS60, light obv marks..........................10.00 1916 PCGS MS66RD............ .......... 1240.00 1920S NGC, PCGS MS65RB.. ......... 3220.00 1912D 4.85 7.50 10.00 - 35.00 -
1909S VDB NGC MS65RD.... .......... 6200.00 1911D AU50 78.50 NGC MS65RB. ....600.00 MS65RD 465.00 NGC MS66RD...... 1240.00 AU58 82.50 NGC MS64RB... ........... 1055.00 1912S 14.75 19.50 23.00 28.50 48.00 83.50
ICG MS66RB nearly full red ............ 5725.00 PCGS MS63BN 128.50 MS64RB. ......373.50 F15 1.90 EF45 12.25 AU50...................15.00 AU55 68.50 ANACS MS63RB.............261.50
1913 .55 .85 1.30 2.00 8.25 23.50
PCGS, ANACS MS64RB... ............... 2525.00 ANACS MS64BN...... ...........................198.50 1916D NGC MS65RB..........................570.00 AU50 46.50 PCGS AU58.......................85.00
PCGS MS63BN....... ......................... 1857.50 VG10 9.00 VF30.... ................................45.00 MS64BN 231.50 PCGS MS64RB. ......395.00 F15 3.25 VF30 16.50 EF45....................28.50 1913D 1.95 3.00 4.75 7.50 23.50 61.00
AU50 1416.50 PCGS AU53. ............ 1491.50 AU50, obv flan flaws... ..........................26.50 AU58RD 98.50 MS64RB... .................392.50 AU58, weak reverse.. ............................16.00 1913S 8.75 11.50 16.75 21.00 34.50 66.00
EF45 1280.00 PCGS AU50.. ............ 1420.00 Fr2 2.25 VF20, porous.. ..........................7.25 MS60BN 98.50 NGC MS63BN.. .........173.50 1921 MS64RD 178.50 MS65RB.. ......184.50 1914 .35 .50 1.25 2.25 8.50 -
NGC VF30 1057.50 NGC EF45. ....... 1282.50 1911S MS64RB 558.50 MS65RB.. ..800.00 AU58 72.50 MS63BN...... ...................171.50 MS65BN 118.50 MS64RB..................132.50 1914D 105/00 161.50 191.50 237.50 454.50 960.00
PCGS EF45......... .............................. 1282.50 MS63RB 315.00 ANACS MS63BN ...261.50 F15 5.50 EF45 32.50 AU50...................46.50 MS63BN 68.50 ANACS MS63RB. ........91.50 1914S 16.25 21.50 25.00 29.50 52.50 108.50
Was PCGS genuine, reverse ANACS AU55(AU50).... .......................123.50 AU58, weak wheat-ears... .....................22.50 MS60RB 64.50 MS63RB... ...................89.50
1915 1.10 1.70 3.75 8.00 26.00 76.50
spot, net EF45...... ............................ 1280.00 EF45 101.50 AU50.... ..........................121.50 1916S AU58 89.50 NGC MS65RB. . 1950.00 AU58 36.50 MS60BN.... .......................47.50
NGC F15 852.50 PCGS VF25..............990.00 AU50, small obv flan flaw. ....................88.50 MS64RB 690.00 PCGS MS65RB. ... 1950.00 VF30 9.00 EF45 18.00 AU50. ...............25.00 1915D 1.15 1.75 3.15 4.75 12.50 30.00
ANACS AU details, corroded VF30, obv mark 58.50 VF30. ................78.00 NGC MS64RB CAC....... ......................692.50 F15 2.40 AU55, light marks ...................9.00 1915S 14.75 19.50 24.50 31.50 52.50 102.50
cleaned, net EF40, decent MS60BN corroded 58.50 F15. .............62.00 PCGS MS63BN 173.50 MS65BN. ......638.50 1921S AU58 96.00 NGC MS65RB. . 2765.00 1916 .25 .35 .50 .70 3.75 10.50
looking (VF20).....................................922.50 VG10 55.00 EF40, porous.....................58.50 AU55 77.50 MS63BN.... .....................171.50 AU55 87.50 PCGS MS65RB. ........... 2765.00 1916D .80 1.25 2.10 3.35 9.00 -
NGC EF cleaned net VF20.. .................922.50 AU50 obv corrosion..... .........................50.00 VF30 24.50 EF45 44.50 AU50 .............59.50 AU50 74.50 PCGS MS64RB. ..............830.00 1916S 1.15 1.75 3.50 5.00 14.00 35.00
NGC, PCGS F12...................................807.50 EF40, porous, obv mark........................36.50 NGC VF30..............................................26.50 EF45 56.50 NGC MS64RB. .................830.00 1917 .20 .30 .35 .45 2.00 6.00
NCS EF details, obv damage Fr2... ......................................................21.00 NGC VF25 (VF30/F12).......................... 21.50 ANACS EF40 (VF30)..............................31.50
obv scrape, not bad 1912 F15 4.25 PCGS MS65RD.. ........700.00 AU50, small obv pits.. ...........................14.00 Fr1 .45 Fr2 .70 VF30.... .........................30.00 1917D 70 1.05 1.90 3.15 16.50 47.50
looking, net F12...................................807.50 1912D VG10 11.00 F15...... ..................21.00 VF20, obv corrosion................................1.75 1922 No D, die pair 2, 1917S .35 .50 .80 1.25 5.25 14.50
PCGS Genuine AU50 detail, Fr2............. ..............................................3.15 Fr2................ ..............................................75 strong rev PCGS EF45. .................... 2825.00 1918 .20 .30 .35 .45 2.00 5.25
corrosion, net F12.. .............................807.50 1912S AU55.......... ..............................142.50 AU50 details, heavily PCGS F15 912.50 PCGS VF35......... 1865.00 1918D .70 1.05 1.65 2.50 7.75 20.00
ANACS VF20, scratched, F15 36.50 VF30 66.00 AU50. .............120.00 corroded.............. .......................................75 NGC, PCGS VF30..... ........................ 1627.50 1918S .25 .35 .85 1.50 5.00 13.50
very light..............................................807.50 1912S/S North-East RPM1 1917 VF30 4.00 MS65RB.... ...............175.00 VF25 (was NGC VF25).. ................... 1173.50 1919 .20 .30 .35 .45 1.15 2.75
PCGS VF20 (F12)..... ...........................807.50 AU50 165.00 MS60BN.... ...................215.00 F15 1.10 MS64RB.................................79.50 F15 910.00 PCGS VF20. .................. 1152.50
ICG VG10 details, damaged, EF40 101.00 EF45.... ...........................112.50 1917D AU58 68.00 NGC MS65RB. ....718.50 NGC G6..... ..........................................612.50 1919D .45 .70 1.05 1.50 5.75 16.00
light marks....... ...................................787.50 F12 32.50 VF20 57.50 VF30. ................79.50 EF45 54.00 PCGS MS64RB CAC .......423.50 1922D AU58 93.50 NGC MS65RB. ....615.00 1919S .20 .30 .80 1.50 3.25 7.25
ANACS EF40 details, 1913 MS63RB 70.00 NGC PR65RD 1960.00 VF30 32.00 PCGS MS64RB................418.50 AU50 75.00 MS64BN... ......................215.00 1920 .15 .20 .35 .50 1.50 3.50
corroded....... .......................................787.50 MS64RB........... ...................................116.50 MS63BN 128.50 MS63RB..................175.00 F15 27.00 VF30 39.50 EF45. ................58.50 1920D .65 1.00 1.90 3.25 9.50 23.50
1909 MS64BN.......................................25.00 F15 4.25 VF30 15.75 AU50...................31.50 F15 8.50 AU50, weak rev. .....................32.00 VG10 23.50 EF40/F15.. .........................31.50 1920S .30 .45 .85 1.50 6.00 16.00
ANACS MS62BN.............. .....................20.00 1913D EF45 66.50 PCGS MS65RD 2250.00 AU50, dark, porous..... ............................3.15 Fr2 9.50 AU55, weak rev.......................47.50 1921 .35 .50 .65 .85 4.75 13.50
AU58 13.50 MS63BN...... .....................19.50 VF30 43.50 PCGS MS64BN................219.50 1917S AU58 58.50 PCGS MS65RB 2100.00 VF30 obv, AG3 rev.................................23.00
AU50 11.50 MS60BN..... ......................15.00 F15 11.50 MS60, porous.. ....................61.00 MS62BN 108.50 MS65RB............... 2097.50 F15, “DB” scratched on obv ................22.50 1921S 1.05 1.60 2.50 3.80 16.00 45.00
Fr1 1.10 Fr2 1.70 VF30. ..........................6.00 Fr1 .85 Fr2....... ........................................1.25 PCGS MS64RB......... ..........................495.00 VF20, edge crimped from 1922 NO D - - - - 1150. 2100.
1909S NGC MS65RD....................... 1580.00 1913S AU58 168.50 NGC MS65RB 1165.00 PCGS AU58 60.00 MS63BN... ............133.50 lucky charm...........................................14.75 1922D 14.75 22.50 23.00 24.00 31.50 47.50
MS63RB 420.00 PCGS MS64RB. ......590.00 VF30 50.00 EF45...................................88.50 AU55 48.50 MS60BN..... ......................84.50 D removed F12......................................14.75 1923 .20 .30 .40 .55 2.50 -
MS63BN 402.50 NGC MS65BN. ........535.00 AU50, a few obv flan flaws ..................34.50 VF30 10.00 EF45 22.50 AU50 ..............33.50 1922D EF45, 2 radial die 1923S 4.40 6.75 8.00 9.50 23.50 56.00
MS60BN 385.00 PCGS MS63RB. ......422.50 Fr2 5.75 NGC G6 17.50 F15..................26.50 VF20, rev nearly bisected cracks on reverse.. ................................75.00 1924 .15 .20 .30 .45 2.25 -
AU50 263.50 PCGS MS63BN.............405.00 EF45, light marks... ...............................21.00 by die cracks from K4-K8.. .....................9.75 EF40, porous........ .................................25.00
1924D 21.75 33.50 38.00 45.00 69.50 127.50
VF30 157.50 NGC MS62BN................395.00 1914 AU55 46.50 PCGS PR65RD. . 2885.00 1918 MS63BN 21.00 MS63RB.............28.00 1922D 1 radial die crack on
F15 115.00 PCGS MS62BN. ...............395.00 MS64RB 195.00 NGC MS65RB.. .......281.50 AU50 9.50 AU55..... ..............................11.00 rev early die state of the 1924S .80 1.25 2.00 3.00 14.50 41.50
VG10 93.50 ANACS AU50.. ................265.00 AU50 42.00 MS64BN.... .....................106.50 F15 1.00 VF30 3.85 EF45........................7.50 above coin G4 22.50 F12. .....................24.00 1925 .15 .20 .30 .40 1.25 3.25
MS63RB, sm obv scratches. ..............262.50 VF30 16.00 MS63BN..... .......................75.00 AU58, whizzed looks RB UNC ................5.75 1923 PCGS MS66RD....................... 1450.00 1925D .55 .85 1.90 3.50 8.25 19.50
NGC F15 117.50 PCGS EF45. .............212.50 AU50/VG8........ .......................................8.50 1918D PCGS MS65RB... ................. 1085.00 MS64RB 48.50 MS64RD......................74.50 1925S .45 .65 1.10 1.75 5.50 14.50
PCGS VF25..........................................150.00 1914D NGC MS64RB....................... 6890.00 MS64RB 545.00 NGC MS65RB.. ... 1085.00 MS64BN 28.00 MS63RD......................51.00 1926 .15 .20 .30 .40 1.00 2.50
PCGS VF30 (VF20)..............................142.50 MS64RB.... ....................................... 6885.00 VG10 2.25 F15 4.50 VF30.....................14.00 MS62RD 37.50 MS63RB......................25.00
1926D .90 1.40 2.35 3.75 8.50 19.25
F15, obv mark......... ..............................86.00 NGC VF30 710.00 PCGS EF40............962.50 1918S NGC MS65RB, only 2 AU58 13.50 MS60RB.... .......................19.50
1909S/S NE RPM#1 VF30.. ................400.00 VF30 707.50 PCGS VF30.. ..................710.00 graded higher.. ................................. 2500.00 MS60BN............... .................................15.50 1926S 6.50 10.00 11.25 13.00 22.50 43.50
1909S/horizontal S RPM#2 PCGS EF45 (VF30).... ..........................710.00 NGC MS64BN...... ...............................450.00 1923S ANACS MS62BN.. ...................261.50 1927 .15 .20 .30 .40 1.00 2.50
ANACS MS63BN.... .............................575.00 PCGS VF35 (VF25)..............................582.50 AU58 57.50 MS62BN.... .....................119.50 AU55 142.50 PCGS AU58.. ................165.00 1927D .75 1.15 1.70 2.25 4.50 9.25
EF40, early die state.. ..........................400.00 PCGS VG10 221.50 F15......................325.00 AU55 49.50 MS60BN.... .......................77.50 AU50 114.50 PCGS AU55... ...............145.00 1927S .90 1.40 1.75 2.50 7.25 18.50
Early die state VF20.............................250.00 VG10 219.50 ANACS VG10.. ..............221.50 MS60BN, very worn obv die.................52.50 F15 15.00 VF30 33.75 EF45. ................79.50 1928 .15 .20 .30 .40 1.00 2.50
VG8 170.00 F12 180.00 F15...............200.00 VF20, obv marks....... ..........................161.50 VF30 9.25 EF45 23.50 AU50. ..............37.50 Fr2 2.85 DGS EF45 (F12)......................11.50
1928D - .85 1.30 2.00 4.00 8.00
1910 ANACS PR64RB.... ....................675.00 1914S PCGS MS63RB........................723.50 MS60BN, multiple die chips 1924 MS63RB 46.50 MS65RB...........106.50
MS65RB 57.50 MS65RD....................294.50 AU58 260.00 NGC MS62RB.. .............611.50 on coat.................................................116.50 AU58RB 18.50 MS64RB.......................60.00 1928S .60 .90 1.75 3.00 5.50 11.25
ANACS MS63RB 35.00 MS65BN. ........36.50 AU50 172.50 MS62BN..... ..................442.50 1919 MS62BN 13.50 MS63BN.............18.50 MS60BN 20.00 MS63BN..... .................33.00 1929 .15 .20 .25 .30 1.15 3.25
ANACS MS64BN 31.50 MS63RB. ........32.50 VF30 80.00 EF45.................................134.50 AU55 6.50 AU58 7.00 MS60BN ............8.50 MS60RB............... .................................30.00 1929D - .45 .75 1.25 3.00 7.25
ANACS MS63BN 27.50 MS64BN. ........29.50 AU50, porous patches... .......................58.50 EF45 3.75 AU50.... ..................................5.50 MS64RB, black spot on date ................ 6.50 1929S .25 .40 1.05 2.00 4.00 8.00
MS60RB 25.00 MS63BN.... ..................26.00 F15 38.50 AU50 lt porosity ...................38.50 EF40, dark .50 VF30.. ..............................1.95 VF30.......... ............................................. 4.25 1930 .15 .20 .25 .30 .75 -
AU58 15.00 ANACS MS62BN...............24.50 EF45, rev mark........ ..............................29.50 1919D EF45 25.00 PCGS MS63RD....408.50 1924D NGC MS65RB....................... 2750.00 1930D .15 .20 .25 .35 1.00 2.50
AU55 13.50 MS62BN.... .......................22.50 VF30, obv scratch, rev PCGS, ANACS MS64RB.. ...................388.50 PCGS MS64RB......... ....................... 1455.00
VF30 3.65 EF45 7.50 AU50...................10.75 struck through.......................................28.50 F15 3.25 F15+ 3.75 VF30......................11.00 VF30 98.50 PCI MS62RB. ..................550.00 1930S .15 .20 .25 .35 .75 1.75
1910S AU58 97.50 NGC MS65RD. ....930.00 VF20, rev marks..... ...............................21.50 AU50, light porosity.. ..............................5.75 F15 55.00 NGC AU53..........................203.50 1931 - .60 .75 .90 2.00 4.75
MS60BN 112.50 NGC MS65RB. ........415.00 VF30, obv & rev porosity, 1919S NGC, PCGS MS65RB.... ....... 1633.50 EF40, obv porous patch.. ......................55.00 1931D - - - 7.50 10.00 16.00
PCGS, NGC MS64RB... .......................305.00 small rim clip.........................................21.50 AU58 39.50 NGC MS65BN... ..............495.50 1924D Rev die abraded by 1931S - - 85.00 90.00 97.50 105.00
PCGS, NGC MS64BN.... ......................183.50 1915 PCGS MS66RD....................... 3310.00 AU50 22.50 PCGS,NGC MS64RB .....495.00 mint feeder fingers 1932 - 1.75 2.25 3.00 4.75 8.50
AU55 91.50 MS63RB.... .....................161.50 VF30 51.50 NGC MS65RD.. ............ 1240.00 ANACS MS63RB 170.00 MS64RB ....492.50 G4 49.50 VG7 53.50 VF20.. ..................90.00 1932D - 1.60 1.95 2.50 3.25 5.00
NGC, ANACS MS63BN........................138.50 F15 15.25 PCGS MS64BN.. ................142.50 MS64RB obv, MS64BN rev.................395.00 1924S AU58 97.50 PCGS MS65RB 4780.00
AU50 82.50 ANACS MS60BN.............115.00 Fr2 .70 EF40/VG10 (F15).. ....................15.25 ANACS, NGC MS64BN........................247.50 MS64BN 865.00 NGC MS64RB.. .... 1737.50 1933 1.10 1.70 2.00 2.50 4.00 8.00
VF30 44.50 PCGS AU58.... .................100.00 VF20, obv mark........ ...............................1.70 MS64BN..... .........................................245.00 AU50 75.00 PCGS MS64RB.. .......... 1737.50 1933D - 3.85 4.70 6.00 9.25 16.75

OUR POLICY: GRADING: Strict Photograde, ANA grading. LAYAWAY 1/3 with your order, and the remaining 2/3 within two months. APPROVAL SERVICE: Three references from coin dealers who now offer you approval service must be furnished for us to
check. Money orders, bank drafts no delay; personal checks must clear our bank. POSTAGE & HANDLING: Orders under $100 add $4. RETURN PRIVILEGE: Coins may be returned within 30 days for any reason. California residents add 8.50% sales tax.
PLEASE GIVE US SECOND CHOICES. VISA, MASTERCARD, AMERICAN EXPRESS & DISCOVER CARD ARE ACCEPTED. PRICES SUBJECT TO CHANGE. STORE HOURS: 10 a.m. to 6 p.m. Mon.-Sat. PHONE 707-544-1621. FAX MESSAGES 707-575-5304.
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JACK H. BEYMER – OUR 49th YEAR ®

2490 W. 3rd Street, Dept. CA, Santa Rosa, CA 95401

707-544-1621 • FAX 707-575-5304
Our new website: www.beymerzcoins.com

Beymer 4c single Feb.indd 27 12/27/16 5:35 PM

 KATHY’S SPECIAL SELECTIONS
UNCIRCULATED MORGAN COOL 1934-P PEACE SILVER MS-60 “Your Choice” $2.50 INDIAN GOLD SPECIAL
DOLLAR ROLLS DOLLARS Creamy, choice eye-appeal little gold coins. No annoying copper spotting. Nicely struck
20-coin roll of mixed date/mintmark Flashy luster and nice strikes. with choice luster. Housed in custom 2x2 Capital Plastic holder.
pre’21 MORGAN SILVER DOL- Brilliant coins in every grade. 1 coin for $355.00 3 coins for $1050.00
LARS. All coins brilliant, grading MS- Beautiful!
60+ to MS-63. Tubed. pick from the following dates:
CHOICE BU MS-63
Specially priced $755.00 $98.00 1908 1910 1911 1912 1913 1915 1925-D
CHOICE BU+MS-64 1 coin for $365.00 3 coins for $1080.00
$168.00
pick from the following dates:
GEM BU MS-65
$378.00 1909 1926 1927 1928 1929

NEAT 90% UNCIRCULATED MERCURY DIME & WALKING LIBERTY HALF COOL 1935-P PEACE SILVER
MIXED DATE ROLLS DOLLARS
PROOF SET DUO
Flashy luster and nice strike. Brilliant coins
Mixed date rolls of Uncirculated (MS-60+ to MS-63) P-mint brilliant commoner
in every grade. Beautiful!
Receive one each 1999 and date coins in the 1940’s. Our choice of dates, please ALTHOUGH some solid date CHOICE BU MS-63 $68.00
2001 90% silver Proof sets. rolls available - just ask! CHOICE BU+MS-64 $128.00
In original case of issue GEM BU MS-65 $378.00
50-Coin UNCIRCULATED roll
and box. This could be an
MERCURY DIMES $250.00
all-time low on the price!
20-Coin UNCIRCULATED roll
PAIR for $135.00 WALKING LIBERTY HALVES $495.00

CHOICE BU+ MS-64 “Your Choice” CH/GEM BU MERCURY DIME SETS BEAUTIFUL BUST HALVES
WALKING LIBERTY HALF SPECIAL Early set 1934-1940 P D S housed in a custom Dansco album Upper-end quality of this most beautiful
Pleasing high-end lustrous CH BU+ MS-64 coins.
Nice strikes and great surface qualities. All coins brilliant.
from 1916. 20-coin set grading a minimum of MS-63 design coin of the early 1800’s. No better
3 coins for $175.00 with some FB. Brilliant.
varieties included - just pleasing, no-
5 coins for $275.00 $411.00 problem original coins. Specially priced.
Pick from the following dates: 1941-1945 P D S short set housed
1935-P 1936-P 1937-P 1941-D 1943-D 1943-S
1944-D 1945-D 1945-S 1946-D 1947-D in a custom Capital Plastic holder. EF Capped Bust Half
3 coins for $123.00 All coins brilliant, some with FB. $119.00
Pick from the following dates: $136.00
1939-P 1940-P 1941-P 1942-P 1943-P 1944-P Purchase both sets together in the AU Capped Bust Half
1945-P 1946-P 1947-P Dansco album and deduct $10.00!
Please list 2nd choices - it helps!
$279.00

PROOF-LIKE MORGAN SILVER DOLLARS WALKING LIBERTY UNC YEAR SET CARTWHEEL CORNER-pre’21
MORGAN SILVER DOLLARS
Cool selection of Proof-like pre’21 Morgan silver dollars. 14-coin UNCIRCULATED Walking Liberty half P-mint Neat assortment of dates and mintmarks. All prior
All coins brilliant with choice strikes. set. All coins grade MS-60+ to MS-63 with nice strikes to 1921. 20 coins per roll. Tubed. We pick the
Our choice of dates, please. and surface qualities for the date. Brilliant coins housed dates - you pick the grade ranges.
in a complete set Dansco album so you can add the rest
CHOICE BU MS-63 Proof-like $65.00 of the series! GRADE PRICE
AG, GOOD or
WALKING LIBERTY HALF STARTER SET:
OR 3 different dates for $180.00
Receive one each:
better with
1934 1935 1936 1937 1938 1939 1940 light problems $420.00
CHOICE BU+MS-64 Proof-like $85.00 VG-VF $520.00
1941 1942 1943 1944 1945 1946 1947
SPECIALLY PRICED $415.00 VG-EF $540.00
OR 3 different dates for $240.00
AU $640.00

ADD A GEM FLYING EAGLE CENT BONANZA CH/GEM BU

KATHY BUCKS Add a GEM BU MS-65
1908 Liberty nickel to your
All coins problem-free with pleasing surfaces and nice eye-appeal. While they
last! My choice of date, please.
FRANKLIN HALF SET
Mention CA KB0217 set! Gorgeous luster, strike
and eye-appeal. A kinda AG $12.50 OR 2 coins for $22.50
Lustrous brilliant 1948-1963
P D S set grading a minimum
and take $10 off your purchase boring coin to look at in GOOD $20.50 OR 2 coins for $37.50 of MS-63. Housed in a custom
Dansco album. Sure to please!
low grade but absolutely
of $100 or more from this page only! stunning this nice!
VG $32.50 OR 2 coins for $58.50 35-coin set

Good through 2/28/17 $525.00

FINE $41.50 OR 2 coins for $74.50
VF $48.50 OR 2 coins for $87.50
$670.00

See us at the upcoming C.A.M.P. COIN SHOW

March 24, 25, 26 2017 – Monroeville, PA
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CALL 10 AM to Approx 9 PM • Mon-Fri/Sat 10 AM
genuine. All returns must be by mail. All returns must be postmarked within fifteen (15) days of receipt.
Any attempted alterations or exemptions of above policy are null and void. Most items can be returned
for any reason including grading. No return on bullion-related items. Grading 42 years experience. No
warranty expressed or implied is made with respect to descriptions which can and do vary among grad- WANT LISTS AGGRESSIVELY FILLED – TRADES WELCOME
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All exchanges or returns are processed within 15 days. Coins removed from original holder, by you
or another party, are not returnable for any reason. 7) Complete terms of sale upon written request.

Sarosi Coinage Feb.indd 13 12/28/16 1:43 PM


Gold bars, like this one-ounce bar from the
Perth Mint in Western Australia, are popular
with precious metal investors because they
are sold at very low premiums over their melt
value.
Continued from page 11
close mines. In addition, the other sources of
supply—gold recovered from old jewelry that
is refined and the resale of bullion coins and
bars—also suggest both a continuing supply
crunch and a substantial shift in ownership as
investors in the West sell to buyers in the East.
Western investors and institutional specu-
lators (hedge funds, bullion banks, etc.) have
less long-term commitment to gold, and they
have been selling to buyers mainly in China
and India. And those buyers, as well as some
central banks and wealthy individuals who
own large amounts, are unlikely to sell unless
prices reach levels far above the 2011 high.
Demographic trends, including the rise of
the middle class in countries such as China,
India and Mexico, among others, also sup-
port long-term demand as individuals in
those countries seek to preserve their wealth.
Strong Demand
The World Gold Council noted that
demand in 2016 hit its second-highest level
ever, which is reflected in very strong sales of
physical bullion by world mints and dealers,
though sales levels became softer during the
summer.
And gold exchange trade fund reserves,
14 www.coinagemag.com
which total 2,000 tons, are at their high-
est level in three years. Perhaps even more
importantly, central banks around the
world have continued to increase their gold
reserves, and gold is being upgraded to a
Tier 1 banking asset from a Tier 3 asset.
Tier 1 assets are core measures of a bank’s
financial strength.
Salzberg of Modern Coin Mart said his
company experienced softer demand for
precious metal products for most of 2016
due to rising spot prices. Unlike a couple of
years ago when higher prices led to what he
called “emotional buying,” he said, investors
were becoming more sophisticated about
when to buy and sell and how to take advan-
tage of changing spot values.
When prices reached their peak for the
year after the Brexit vote, for example, his
company saw a big increase in offers to sell.
And after the correction in spot prices in
early October, there was a substantial pickup
in retail demand.
Rising Uncertainty
Financial and geopolitical uncertainty was
on the rise in 2016. Almost a decade after the
start of the great economic crisis that began
in 2007, most of the world is still struggling
p The value of the U.S.
dollar helps shape gold
prices, and gold tends
to—but does not always—
trade inversely to the
dollar.
t The Federal Reserve
Bank, whose headquar-
ters is in Washington,
D.C., sets short-term
interest rates, which are
one of the key factors that
shape gold prices. When
rates are low, investors
see little opportunity
cost to investing in gold
compared to assets that
normally pay a yield.
to boost growth and continues to rely on
unusual economic tools such as low interest
rates.
Then there are the numerous geopolitical
crises from the war in Syria to ISIS and other
terror threats, political risks from rising
nationalist and authoritarian trends around
the world and even GOP presidential candi-
date Donald Trump. Some analysts argued
that Trump’s political ascendancy was one
of several factors that rattled global financial
markets in 2016 because his protectionist
trade policies would be very detrimental to
world trade and could cause a global reces-
sion or worse.
A final factor contributing to increased
global uncertainty is the possibility of
another major financial crisis likely brought
on by major failures of the largest banks.
Because central banks already carry tril-
lions on their balance sheets, if a new crisis
MODERN COIN MART/WIKIMEDIA COMMONS
hit, it is not clear what could be done, since
governments have already used almost all
their available tools. And printing more
money would likely destroy the credibility
of currencies.
In the view of gold bulls such as James
Rickards, before long there will be a massive
collapse of the world financial system. And
COINage
 Privately minted Trump dollars made of gold, silver and copper were produced by Bernard Von NotHaus, best known as the monetary architect and
creator of Liberty dollars, and were seized by the FBI in 2009. Trump himself has long been a proponent of gold.
afterward, it is the countries that have the
most gold that will determine the rules of the
post-crisis financial system, a system in which
he believes gold will play an essential role.
Rickards is the author of vest-selling books
such as his newest, The New Case for Gold,
and an adviser to the defense and intelligence
agencies on threats to the financial system,
This points to another bullish factor: ris-
ing safe-haven demand, which is related
to rising uncertainty and even the leaked
Panama Papers, which revealed how many
of the world’s wealthiest and most connected
people try to hide their assets. Gold provides
a level of anonymity that private bankers
such as those in Switzerland and elsewhere
no longer do.
China’s Role
In addition, China now plays a major role
in the world economy and in the gold mar-
ket. It is now the world’s largest producer and
consumer of gold and has one of the largest
gold reserves in the world. The country pro-
duced 516 tons of gold in 2015, which was an
increase of 0.6 percent over the previous year
and more than any other country produced.
Demand for gold bars and jewelry in China
was up 3.7 percent for the year, totaling 986
tons, also the world’s highest. Figures on its
gold reserves are not released, but China
is unofficially believed to have the world’s
second-largest reserves after the U.S., totally
some 2,500 tons.
China also recently launched its own gold
exchange in Shanghai, and the Bank of China
TRUMPDOLLAR.US
joined the London Bullion Market Associa-
tion, a trade association of the world’s lead-
ing banks involved in the gold trade, which
February 2017
collectively set the price of gold each day.
In October the IMF added the Yuan to the
SDR, or Special Drawing Rights, which is an
international monetary asset created by the
IMF that supplements the official financial
reserves of member countries in the event
of a liquidity crisis such as the one in 2008.
Experts believe that as the focal point for
the gold market continues to shift from the
West to the East, China will also continue to
take steps to reduce the West’s dominance of
the global financial system. Its massive accu-
mulation of gold is designed to strengthen
its currency and possibly pave the way for a
gold-backed Yuan to replace the dollar as the
world’s reserve currency.
Outlook
Compared with the last couple of years,
sentiment about gold definitely became a
lot more positive in 2016. Unlike in the
past when it was mainly those precious
metal analysts who are almost always bull-
ish remained that way, in 2016 there was a
discernible shift in which more mainstream
financial analysts, who tend to be more bull-
ish about stocks than metals, became bullish
about gold, too.
For example, earlier in 2016 Goldman
Sachs analysts were less bullish than many
others—but by the fall, they had a more posi-
tive view and saw the October correction as
“a strategic buying opportunity,” especially
given the downside risks to global growth
and the limited ability of central banks to use
monetary policy to respond to such shocks.
Analysts say that as long as the economy
does not overheat in 2017, historically low
interest rates and the factors discussed in this
article should enable gold prices to remain
relatively stable—somewhere in the $1,200
to $1,400 range.
However, former Fed Chairman Alan
Greenspan said just before the presidential
election that he believed inflation would
become a serious issue by the start of 2018
due to the rapid growth of the money sup-
ply. That would, of course, be very bullish
for gold.
Over the longer-term horizon, the rising
debt of the U.S. and other countries, chal-
lenges to the dollar from China and the
huge Fed balance sheet as a result of years
of money printing seem likely to eventually
push gold much higher than current levels.
And that is why so many precious metals
experts are long-term bulls.
UPDATE
This article was written before the Nov.
8 presidential election. Experts had pre-
dicted gold would surge in the event of a
Trump victory, as discussed in the article,
but in fact gold prices did the opposite and
have been going down since that time.
The reasons for this development are op-
timism that the Trump administration will
pursue pro-growth economic policies and
a surge in the dollar’s value.
The factors and trends discussed in this
article still point towards a long-term bull-
ish outlook, but as far as the next four to
eight years, gold values will also be shaped
by the economic policies that the Trump
administration and Congress enact, and
how those policies end up impacting eco-
nomic growth and the federal deficit and
debt.
15
 NORWOOD COIN
501 Columbia Turnpike • Rensselaer, NY 12144
CHOICE PROOF SETS
Government Issue Superior Quality
1950............. 499.00
1951............. 489.00
1952............. 239.00
1953............. 179.00
1954............... 95.00
1955 FP ........ 125.00
1956............... 61.00
1957............... 24.00
1958............... 32.00
1959............... 28.00
1960............... 30.00
1960 SD ......... 32.00
1961............... 27.00
1962............... 25.00
1963............... 25.00
1964............... 29.00
1968-S.............. 8.00
1969-S.............. 7.00
1970-S............ 12.00
1971-S.............. 5.00
1972-S.............. 5.00
1973-S.............. 9.50
1974-S............ 12.00
1975-S............ 12.00
1976-S.............. 9.00
1976-S 3pc ..... 26.00
1977-S.............. 8.00
1978-S.............. 8.00
1979-S.............. 8.00
1979-S T2 ....... 55.00
1980-S.............. 6.00
1981-S.............. 6.00
1982-S.............. 5.50
1983-S.............. 5.50
CHOICE MINT SETS
Government Issue
1962..................42.00
1963..................35.00
1964..................32.00
1965 SMS ..........11.00
1966 SMS ..........11.00
1967 SMS ..........11.00
1968....................8.00
1969....................8.00
1970..................19.00
1971....................5.00
1972....................4.00
1973..................13.00
1974....................7.00
1975....................9.00
1976....................9.00
1976 3pc ...........18.00
1977....................8.00
1978....................8.00
1979....................7.00
1980....................7.00
1981..................11.00
1984....................5.00
1985....................5.00
1986....................8.50
1987....................5.00
1988....................5.00
1989....................4.00
SILVER PROOF SETS
1992-S...............18.00
1993-S...............27.00
1994-S...............25.00
1995-S...............52.00
1996-S...............28.00
1997-S...............33.00
1998-S...............24.00
1999-S...............85.00
2000-S...............33.00
2001-S...............42.00
2002-S...............32.00
2003-S...............33.00
2004-S...............32.00
PRESTIGE SETS
1983-S.............42.00
1984-S.............27.00
1986-S.............24.00
1987-S.............24.00
1988-S.............30.00
1989-S.............33.00
1990-S.............28.00
16
Norwood Nov 16.indd 16
1984-S.............. 5.50
1985-S.............. 5.00
1986-S.............. 7.00
1987-S.............. 5.00
1988-S.............. 6.00
1989-S.............. 5.00
1990-S.............. 6.50
1991-S ............ 5.00
1992-S.............. 5.50
1993-S.............. 6.00
1994-S.............. 6.00
1995-S............ 11.00
1996-S.............. 8.50
1997-S.............. 9.00
1998-S............ 11.00
1999-S............ 10.00
2000-S.............. 7.00
2001-S............ 12.00
2002-S.............. 9.00
2003-S.............. 8.00
2004-S............ 12.00
2005-S.............. 7.00
2006-S............ 10.00
2007-S............ 16.00
2008-S............ 41.00
2009-S............ 24.00
2010-S............ 35.00
2011-S............ 35.00
2012-S.......... 129.00
2013-S............ 33.00
2014-s ............ 35.00
2015-S............ 37.00
2016-S............ 35.00
1990....................4.50
1991....................5.50
1992....................5.00
1993....................6.00
1994....................5.00
1995....................5.00
1996..................19.00
1997....................5.00
1998....................5.00
1999....................9.00
2000....................9.00
2001....................9.00
2002....................9.00
2003..................11.00
2004..................10.00
2005....................9.00
2006..................10.00
2007..................20.00
2008..................39.00
2009..................25.00
2010..................24.00
2011..................24.00
2012..................69.00
2013..................30.00
2014..................30.00
2015..................33.00
2016..................29.50
2005-S...............32.00
2006-S...............32.00
2007-S...............38.00
2008-S...............38.00
2009-S...............45.00
2010-S...............47.00
2011-S...............65.00
2012-S.............210.00
2013-s ...............65.00
2014-s ...............65.00
2015-S...............59.00
2016 -s..............58.00
1991-S.............37.00
1992-S.............42.00
1993-S.............38.00
1994-S.............36.00
1995-S.............77.00
1996-S...........315.00
1997-S.............59.00
FAST DEPENDABLE SERVICE
QUALITY COINS
AT COMPETITIVE PRICES
SEND FOR OUR FREE CATALOGUE
Special Prices On 1st Year
TYPE COINS AND STARTER SETS
1909 LINC 1¢ CH BU R/B ....................................................16.95 7 DIFF PRE 1965 SILVER* ROOSEVELT 10¢ GEMPF7 DIFF PRE 1965
1909-VDB LINC 1¢ CH BU R/B .............................................19.95
SILVER* ...............................................................................19.00
1883 NC LIBERTY 5¢ CH BU ................................................25.95
4 DIFF PRE 1965 SILVER* WASHINGTON 25¢ PRF ................29.00
1913 T1 BUFFALO 5¢ CH BU................................................29.00
1913 T2 BUFFALO 5¢ CH BU................................................34.95 10 DIFFCLAD PRF*WASH 25¢ PRE 1999 ..............................14.00
1938 JEFFERSON 5¢ CH BU ................................................12.00 5 Diff WALK LIB 50¢* CH AU ................................................95.00
1916 MERCURY 10¢ CH BU FSB ..........................................49.00 10 DIFF FRANKLIN 50¢* CH BU ..........................................189.00
1917 T1 STAND LIB 25¢ CH BU FH ....................................249.00
20 DIFF BU* FRANKLIN 50¢ ...............................................429.00
1932 WASHINGTON 25¢ CH BU ...........................................29.00
3 DIFF FRANKLIN 50¢* GEM PROOF .....................................39.00
1964 KENNEDY 50¢ GEM PROOF ........................................21.00
1971-S TO 1974-S SIL IKE $ALL 4 CHBU ..............................42.50 10 DIFF KENNEDY 50¢* GEM CLAD PROOF ..........................24.95
5 DIFF MERCURY 10¢* CH BU ..............................................35.00 *DATES OF OUR CHOICE
MORGAN & PEACE SILVER DOLLARS
Very Select Brilliant Uncirculated
Hand Selected for Full Luster
Premium Quality! MS61+
Morgan Dollars Morgan Dollars Morgan Dollars Morgan Dollars Peace Dollars
1878 7F ............... 85.00 1882-S................. 57.00 1889.................... 49.00 1901-O ................ 52.00 1924.................... 39.00
1878 8F ............. 169.00
1878 7/8 ........... 180.00
1883.................... 52.00
1883-O ................ 52.00
1889-S............... 265.00
1890.................... 49.00
1901-S............... 519.00
1902.................... 69.00
1924 S............... 239.00
1925.................... 42.00
1878-S................. 69.00 1883-CC ............ 209.00 1890-O ................ 79.00 1902-O .............. 395.00 1925 S................. 99.00
1878-CC ............ 395.00 1884.................... 52.00 1890-S................. 65.00 1902-S............... 379.00 1926.................... 55.00
1879.................... 59.00 1884-O ................ 49.00 1891.................... 72.00 1903.................... 65.00
1926 D ................ 89.00
1879-O ................ 99.00 1884-CC ............ 209.00 1891-S................. 79.00 1903-O .............. 419.00
1926 S................. 59.00
1879-S................. 52.00 1885.................... 49.00 1896.................... 49.00 1904.................. 109.00
1904-O ................ 59.00 1927.................... 85.00
1880.................... 52.00 1885-O ................ 49.00 1897.................... 49.00
1921.................... 45.00 1927 D .............. 209.00
1880-O ................ 89.00 1885-S............... 279.00 1897-S................. 85.00
1921-D ................ 49.00 1927 S............... 209.00
1880-S................. 52.00 1885-CC ............ 750.00 1898.................... 49.00
1880-CC ............ 560.00 1886.................... 49.00 1898-O ................ 52.00 1921-S................. 49.00 1928.................. 499.00
1881.................... 52.00 1886-S............... 359.00 1898-S............... 259.00 Peace Dollars 1928 S............... 175.00
1881-O ................ 55.00 1887.................... 49.00 1899.................. 250.00 1934.................. 119.00
1922.................... 37.00
1934 D .............. 155.00
1881-S................. 49.00 1887-O ................ 75.00 1899-O ................ 52.00 1922 D ................ 52.00
1881-CC ............ 519.00 1887-S............... 139.00 1899-S............... 410.00 1922 S................. 49.00 1935.................... 85.00
1882.................... 52.00 1888.................... 55.00 1900.................... 49.00 1923.................... 37.00 1935 S............... 279.00
1882-CC ............ 229.00 1888-O ................ 59.00 1900-O ................ 55.00 1923 D ................ 75.00
1882-O ................ 55.00 1888-S............... 319.00 1900-S............... 299.00 1923 S................. 49.00
COMMON DATE COMPLETE SETS
ROLLS (BU Sets in Deluxe Album)
G/VG or Better CH BU
Full G & Better Lincoln Cents (1941-1958) R / B.............................................................. 7.95.................................. 69.95
Indian Cents (50 pcs.) ........................................ 75.00
Liberty Nickels (40 pcs.) ..................................... 49.00 Jefferson Nickels (1938-1961) ............................................................... 49.00................................ 339.00
Buffalo Nickels (40 pcs.) Full Date ....................... 25.00 Roosevelt Dimes (1946-1964).............................................................. 109.00................................ 219.00
Barber Dimes (50 pcs.) .................................... 159.00
Mercury Dimes (50 pcs.) .................................... 89.00
Walking Lib. Halves (20 pcs.)* ......................... 169.00
Washington Quarters (1941-1964)....................................................... 469.00................................ 659.00
Walking Liberty Halves (1941-1947) .................................................... 249.00................................ 789.00
Kennedy Halves (1964) (20 pcs.) BU ............... 169.00
Morgan Dollars VG & Better ............................... 659.00 Franklin Halves (1948-1963) ................................................................ 359.00................................ 729.00
Mixed Dates of Our Choice Peace Dollars (1921-35) F & Better ..................................................... 899.00....................................... —
SEND OR CALL US 518-477-2193
Eisenr. Dollars (Incl. Prfs.) 32 Coins ........................................................... —................................ 189.00
FOR FREE MONTHLY
PRICE LIST S.B.A. Dollars (Incl. Prfs.) 18 Coins ............................................................ —................................ 269.00
SEND OR CALL US AT 518-477-2193 FOR FREE MONTHNLY PRICE LIST
SILVER EAGLES
CH BU GEM PROOF CH BU GEM PROOF CH BU GEM PROOF
1986..................... 40.00 ................. 55.00
1987..................... 22.00 ................. 55.00
1996..................... 65.00 ................. 59.00
1997..................... 28.00 ................. 65.00
2006..................... 24.00 ................. 63.00
2007..................... 24.00 ................. 55.00
1988..................... 26.00 ................. 55.00 1998..................... 26.00 ................. 55.00 2008..................... 24.00 ................. 55.00
1989..................... 26.00 ................. 55.00 1999..................... 26.00 ................. 55.00 2009..................... 23.00 ......................n/a
2010..................... 23.00 ................. 55.00
1990..................... 26.00 ................. 55.00 2000..................... 26.00 ................. 55.00 2011..................... 23.00 ................. 55.00
1991..................... 26.00 ................. 55.00 2001..................... 24.00 ................. 60.00 2012..................... 23.00 ................. 55.00
1992..................... 26.00 ................. 55.00 2002..................... 24.00 ................. 57.00 2013..................... 23.00 ................. 55.00
1993..................... 26.00 ................. 85.00 2003..................... 24.00 ................. 57.00 2014..................... 23.00 ................. 55.00
1994..................... 36.00 ............... 169.00 2004..................... 24.00 ................. 57.00 2015..................... 23.00 ................. 53.95
1995..................... 32.00 ................. 65.00 2005..................... 24.00 ................. 59.00 2016..................... 23.00 ..................... N/A
9/16/16 7:28 PM
 Strictly Graded
STRICTLY GRADED
Better Date fraNKlIN HalvES* WalKING lIBErTY*
CIRCULATED
mOrGaN & PEaCE CH CH/Brilliant
TYPE COINS AU Uncirculated

IN CHOICE GRADES
DOllarS 1948............................ 15.00 .............. 23.00
1948-D ........................ 17.00 .............. 25.00
Date VF XF AU 1949............................ 17.00 .............. 32.00
(DATES OF OUR CHOICE) 1879-CC 295.00 719.00 $ — 1949-D ........................ 35.00 .............. 69.00
CH VF CH XF 1883-S 40.00 49.00 139.00 1949-S......................... 39.00 .............. 89.00
1/2¢ DRAPED (1800-08) 215.00 350.00 1884-S 45.00 55.00 225.00 1950............................ 17.00 .............. 32.00
1/2¢ CLASSIC (1809-36) 75.00 109.00 1885-S 49.00 60.00 119.00 1950-D ........................ 19.00 .............. 29.00
1/2¢ BRAID (1849-57) 85.00 110.00 1886-S 85.00 115.00 149.00 1951............................ 17.00 .............. 19.00
r
erio
1¢ CLASSIC (1808-14) 895.00 $- 1888-S 175.00 190.00 210.00 1951-D ........................ 22.00 .............. 35.00
1¢ CORONET (1816-39) 70.00 135.00 1890-CC 105.00 139.00 219.00 1951-S......................... 22.00 .............. 29.00 Sup ty! CH CH/Brilliant
l i
1¢ BRAIDED (1839-57)
1¢ FLYING EAGLE
39.00
49.00
55.00
125.00
1891-CC 105.00 139.00 209.00 1952............................ 17.00 .............. 19.00 Qua AU Uncirculated
1891-O 39.00 42.00 48.00 1952-D ........................ 17.00 .............. 19.00
1¢ 1859 INDIAN 42.00 99.00 1941............................ 21.00 ................ 29.00
1892 42.00 52.00 82.00 1952-S.............................. — .............. 85.00
1¢ IND. C.N. (1860-64) 25.00 49.00 1953............................ 19.00 .............. 25.00 1941-D ........................ 21.00 ................ 35.00
1892-CC 279.00 479.00 699.00
1¢ IND BR (1864-09) 3.50 8.00 1892-O 42.00 49.00 65.00 1953-D ........................ 17.00 .............. 19.00 1941-S......................... 29.00 ................ 79.00
2¢ PIECE (1864-73) 27.00 39.00 1892-S 135.00 310.00 1,500.00 1953-S.............................. — .............. 39.00 1942............................ 21.00 ................ 29.00
3¢ NICKEL (1865-81) 21.00 37.00 1893 220.00 270.00 390.00 1954............................ 19.00 .............. 19.00 1942-D ........................ 23.00 ................ 42.00
3¢ SILVER (1851-73) 65.00 69.00 1893-CC 625.00 1,495.00 — 1954-D ........................ 19.00 .............. 19.00 1942-S......................... 23.00 ................ 45.00
1/2D BUST (1829-37) 95.00 150.00 1893-O 349.00 525.00 800.00 1954-S......................... 22.00 .............. 28.00
1/2D STD STRS (1838-60) 30.00 55.00 1943............................ 21.00 ................ 29.00
1894-O 50.00 95.00 269.00 1955............................ 18.00 .............. 24.00
1/2D STD ARRS (1853-55) 30.00 59.00 1956............................ 17.00 .............. 21.00 1943-D ........................ 25.00 ................ 49.00
1894-S 109.00 189.00 479.00
1/2D STD LEG (1860-73) 30.00 49.00 1895-O 375.00 565.00 1,350.00 1957............................ 17.00 .............. 21.00 1943-S......................... 24.00 ................ 49.00
5¢ SHIELD RAYS (1866-67) 85.00 139.00 1895-S 895.00 1,295.00 — 1957-D ........................ 17.00 .............. 22.00 1944............................ 21.00 ................ 37.00
5¢ SHIELD NR (1867-83) 38.00 59.00 1896-O 40.00 49.00 149.00 1958............................ 15.00 .............. 19.00 1944-D ........................ 24.00 ................ 49.00
5¢ LIBERTY NC (1883) 9.00 12.00 1896-S 55.00 220.00 795.00 1958-D ........................ 15.00 .............. 19.00
1944-S......................... 35.00 ................ 49.00
5¢ LIBERTY WC (1883-12) 12.00 30.00 1897-O 40.00 49.00 95.00 1959............................ 15.00 .............. 19.00
5¢ BUFFALO (1913 T1) 17.00 19.00 1959-D ........................ 15.00 .............. 19.00 1945............................ 23.00 ................ 29.00
1901 55.00 99.00 290.00
10¢ SM SZ BUST (1829-37) 79.00 259.00 1960............................ 15.00 .............. 19.00 1945-D ........................ 24.00 ................ 35.00
1903-S 180.00 340.00 1,525.00
10¢ STD STARS (1838-60) 25.00 45.00 1960-D ........................ 15.00 .............. 19.00 1945-S......................... 35.00 ................ 49.00
1904-S 59.00 190.00 525.00
10¢ STD ARRS (1853-55) 35.00 49.00 1961............................ 15.00 .............. 18.00 1946............................ 24.00 ................ 34.00
1921 Peace 99.00 119.00 149.00
10¢ STD LEG (1860-91) 21.00 31.00 1961-D ........................ 14.00 .............. 18.00
1928 319.00 369.00 399.00 1946-D ........................ 42.00 ................ 55.00
10¢ BARBER (1892-1916) 8.00 25.00 1962............................ 14.00 .............. 18.00
1934-S 79.00 169.00 485.00 1946-S......................... 45.00 ................ 55.00
20¢ PIECE (1875-78) 189.00 249.00 1962-D ........................ 14.00 .............. 18.00
1963............................ 13.00 .............. 15.00 1947............................ 24.00 ................ 49.00
MORGAN DOLLAR
25¢ SM SZ BUST (1830-37) 149.00 369.00
25¢ STD N.M. (1838-66) 45.00 69.00 1963-D ........................ 13.00 .............. 15.00 1947-D ........................ 32.00 ................ 59.00
25¢ STD ARRS/RAYS (1853) 45.00 155.00
Choice Brilliant Uncirculated *Group of 6 Different
25¢ STD ARRS (1854-55) 40.00 74.00 1921 PDS (all 3)
Starter Groups
25¢ STD W.M. (1867-91)
25¢ BARBER (1892-12)
40.00
27.00
59.00
52.00
Silver Kennedy Halves mOrGaN
25¢ S.L. T1 (1917) 79.00 109.00 5 Diff Pre 1900 CH Brilliant
25¢ S.L. T2 (1925-30) 11.00 29.00 Ch BU* Uncirculated DOllarS
50¢ CAP BUST (1807-36) 85.00 145.00 65, 66, 67, Ch BU
$ “P” Mints
50¢ BUST R.E. (1836-39)
50¢ STD N.M. (1839-66)
119.00
80.00
190.00
120.00 $239.00
68-D, 69-D and
the key date 70-D $135.00
Per Group
50¢ STD A/R (1853)
50¢ STD ARRS (1854-55)
99.00
90.00
240.00
140.00
5 Diff. Pre 21 Ch BU* $39.00 Per Group
$ “O” Mints
50¢ STD W.M. (1866-91)
50¢ BARBER (1892-1915)
75.00
110.00
130.00
185.00 $239 .00 GEORGE STATUE OF
$1 STD N.M. (1840-66)
$1 STD W.M. (1867-73)
390.00
395.00
535.00
529.00 5 Diff. Pre 21 WASHINGTON LIBERTY
$1 TRADE (1873-85) 155.00 260.00 Ch BU* SILVER COMMEMS
$ “S” Mints COMMEM PROOFS
COmmEmOraTIvE $269.00 Original Boxes
3 Diff. “CC” Ch BU* HALF DOLLARS
Half DOllarS 1982-S Mint Seated Proof . . . . 9 .95
1986-S Proof 50¢ . . . . . . . . . . . . 4 .50
$ Dollars 1986-S 2 pc . Proof Set . . . . . . 30 .00
Choice B.U. 1982-D Mint Seated BU . . . . . . 9 .95
$629.00
20 Diff. Dates Group of 4 Different Roll of 20 Mixed Date
Ch BU* BUST PEaCE
$ Pre 21
HALVES DOllarS
$979.00 / Roll
Fine and Better Very Sel. BU
Albany ...................................................279.00
*Dates of Our Choice
$299.00 $795.00
Arkansas................................................109.00 Dates of our choice Roll

NORWOOD COIN
Boone....................................................119.00
S
TRY U
Bay Bridge .............................................169.00
Calif. Jubilee ..........................................219.00
!
TODAY
Columbian Expo (1893) ...........................29.00
Connecticut ............................................260.00
Delaware ...............................................260.00
Grant .....................................................135.00
501 COLUMBIA TNPK • RENSSELAER, NY 12144
Huegenot ...............................................135.00 Please add $7.50
Lexington ...............................................105.00 Phone for postage and insurance
Fax
Maine ....................................................160.00
Oregon Type ...........................................159.00 518-477-2193 per order. 518-477-2194
Pilgrim Type (1920) .................................99.00
Rhode Island ............................................99.00 Coins must be shipped to credit card holders billing address.
San Diego Type (1935-S) .........................99.00 ■ Personal Checks & M.O. Gladly Accepted.■ Add $7.50 Postage & Insurance on total order. MON.-FRI.
Sesquicentennial .....................................110.00 ■ VISA, MC, Discover and AmEx accepted.■ Full 10-day return privilege. P & H not refundable. 10am to 5:30pm est
■ NY residents Add 8% Sales Tax. ■ Coins subject to prior sale.
Stone Mountain ........................................65.00
■ Coins removed from original holder are considered sold. ■ All coins guaranteed genuine.
SAT.
Texas Type .............................................139.00 10am to 3pm est
York ......................................................200.00 *Prices subject to change due to market conditions.

17

Norwood Nov 16.indd 17 9/16/16 7:29 PM

 Sizes Matter

Apparently, the 1960-P Small Date cent is the lowest-mintage regular-issue U.S. coin since the 1938-D half dollar.

The 1960 Small Date Cent Had a Large Impact on the Hobby

A
by Tom DeLorey

bout the time that I started collecting coins, around 1960, the U.S. coin market
was mesmerized by the concept of collecting and/or hoarding original BU rolls
of coins. Being a child of limited means, content with filling Whitman folders, I
was not affected personally at the time, but it affected the coin collecting universe
greatly, and eventually my life.
I was too young to appreciate the peculiar chain of events that led to the striking of the epicenter
of this madness: the 1960-P Small Date cent, which is apparently the lowest-mintage regular-issue
U.S. coin since the 1938-D half dollar. Even today, most collectors have no idea why it had an
(unofficial) mintage of only 2,075,000 pieces, a mere pittance that the current Philadelphia Mint
can turn out in less than an hour. I think I just figured it out.
For many decades before 1960, it was traditional for established coin dealers to put away a roll
or two of each new issue for inventory purposes to meet the demand for future single coin sales.
Thanks to this practice, the hobby today has many surviving examples of most modern-date coins
in Choice BU condition—though, of course, the rolls did not survive as rolls since they were bro-
ken up for the single coin sales.
PCGS

18 www.coinagemag.com COINage
 Because the engraving of new dates in master dies was done by hand, the new cent master die ended up with a larger date.
(I have always assumed that certain col-
lectible varieties that involve badly degraded
dies such as the 1922 “No-D” cents and the
1937-D “3-Legged” nickels are rare in true
Uncirculated condition because the dealers
putting away the rolls would have looked at
a roll containing such “defective” coins and
dumped them back into circulation, finding
another roll of well-struck coins for inven-
tory to keep their customers happy.)
New issues such as the 1909 Lincoln cents,
the 1913 Buffalo nickels and the 1916 “Mer-
cury” dimes and Walking Liberty halves
would have been saved in larger quantities
because of the expected demand for the new
designs. The 1916 Standing Liberty quarters
were not saved in BU rolls because they were
struck in very small quantities very late in
the year, and ended up getting dumped into
the 1917 production and being distributed in
mixed-date rolls.
The 1917-PD&S quarters were instead the
ones put aside in rolls as examples of the
new-design coinage, and the 1917-P rolls
might have helped preserve a few of the
1916 coins mixed into them. The 1921 Peace
dollars were likewise struck very late in the
calendar year, with the result that few origi-
PCGS
February 2017
nal rolls made it into dealers’ inventories.
This practice held steady throughout the
huge mintages of World War II, but after-
ward a funny thing happened: The manufac-
turing sector returned to normal, eliminat-
ing the need for triple shifts in war-related
industries. Payrolls shrank along with the
economy, and the need for coins to fill pay
envelopes decreased accordingly.
The supply of coins struck during the war-
time years (and mostly still in circulation,
if not slumbering unneeded in bank vaults)
was often sufficient to meet the day-to-day
demand for some denominations, and the
Denver and San Francisco mints skipped
striking some denominations in some years.
The mintages of the denominations that
were struck were greatly reduced from their
wartime highs.
With the Federal Reserve System order-
ing fewer new coins from the mints, dealers
started having trouble getting their BU rolls
for inventory. People started paying attention
to monthly coinage production figures and
hoarding rolls that they thought were going to
be scarce. The legitimately scarcer rolls began
trading at multiples of their face values.
The market exploded when the 1950-
D nickel showed a total mintage of only
2,630,030 pieces, compared with production
at Denver in the 30 million to 40 million
range from 1943 to 1949. Dealers who had
developed sources in the banking distribu-
tion system managed to snap up perhaps half
of the total mintage in roll or bag form, and
over the next decade drove the price of the
rolls up to ten times their face value.
During this craze, other BU rolls of the
1950s got hoarded and hyped as “the next
big thing.” Any small decrease in mintage
was seized upon as an opportunity for spec-
ulation, making people think that 71 million
was a “low” mintage for the 1954 cent.
When the striking of 1955-S cents and
dimes was ended in mid-year with the clos-
ing of the San Francisco Mint (because the
Treasury Department felt that it had too
much coinage capacity!), both were hoarded
in huge numbers, along with 1955-P&D
dimes just because they were dated 1955.
(When I worked at Harlan Berk’s coin shop
in Chicago, I remember dumping BU rolls
of 1955-P&D dimes that had been saved
for over half a century into the junk silver
coin counter, because their bullion value was
The production of a second
master die let the Engraving
Department fix a nagging die
chipping problem that might
otherwise have been ignored
until the end of the year.
19
more than their numismatic value.)
As the economy grew in the second half of
the 1950s, the correspondingly increased coin
production, now divided among only two
mints rather than three, seemed to guarantee
that there would be no more low mintages.
Nevertheless, some promoters seized upon
minor downturns (such as happened at Phila-
delphia in 1958 due to a minor recession) as
an excuse to promote the resulting issues. The
hoarding of BU rolls continued to increase.
Then all heck broke loose in the spring
of 1960 when a collector notified the vener-
able Numismatic Scrapbook Magazine that he
had noticed in his 1960 proof sets two differ-
ent-sized dates on the cents. It was quickly
obvious that earlier in the year, the Mint
had changed the size of the date from small
to large without telling anybody. Both col-
lectors and dealers quickly ascertained that
the uncirculated 1960-P Small Date cent was
very hard to come by.
Speculation on the “BU 1960-P SD” rolls
skyrocketed, eventually reaching $400 for
a 50-cent roll! This was back when $400
would buy you a good used car. Speculation
in the 1960 SD proof sets also ran riot, as did
speculation in all other modern issues. But
why was the 1960 Small Date so rare?
Back then, the mints often worked on coin
denominations in batches, partly to meet
immediate demand from the Federal Reserve
banks and partly for efficiency’s sake, mak-
ing perhaps cents, dimes and quarters over
one several-week period, then just cents and
nickels for the next few weeks. The half dol-
lar was seldom struck, while the common
cent was struck in most months.
Despite this batch system, it was standard
practice for the Philadelphia Mint in the
late 1950s to strike approximately 2 million
pieces of each denomination in January or
February, perhaps so that it could have a
small inventory of each on hand for inclu-
sion in Uncirculated coin sets (aka “mint
sets) and/or for other purposes. Occasion-
ally, it might strike larger numbers of one or
more denomination in January as well, such
as happened with the 1959 cent which was
in large demand because of the new Lincoln
Memorial reverse.
Others have pointed out that based upon
the monthly production figures released
20 www.coinagemag.com
Frank Gasparro, assistant U.S. Mint engraver in 1960, related that, when the Mint had to make a
new master die for the cent, the hand-engraved numerals in the date happened to be larger than
the original ones.
by the Mint, and typically published in The
Numismatist about three months after the
fact, it seems highly likely that the 2,075,000
cents struck in January 1960 were the only
P-mint Small Date cents ever made. However,
to the best of my knowledge, nobody has ever
given a reason why, after those approximately
2 million pieces of each denomination were
struck in January, no U.S. coins at all were
struck in Philadelphia for the rest of January
or in February, which would have caused the
1960 SD cent to be more common.
(Small Date D-mint coins continued in
production, and are relatively common. The
Mint never released an official mintage fig-
ure for either variety, and most numismatic
sources conservatively state that the SD cent
mintages are included in the total Philadel-
phia production for the year of 586,405,000,
and at Denver 1,580,884,000.)
The Philadelphia Mint resumed strik-
ing cents in March and April, apparently
with the new date style. From May to the end
of the year, it struck other denominations
as well as cents, but never more than two
additional denominations in any calendar
month. The Mint never announced when the
date size had been changed, or why, but there
are two conflicting theories as to why.
Concurrently with the increased produc-
tion of the 1950s, the Mint had switched
to a harder die steel around 1956. Though
it helped prevent the designs from growing
mushy during use as had been a problem
since World War II, the more brittle die steel
was prone to having small “die chips” pop off
the faces of the dies. This was especially true
around the lettering of the word LIBERTY
on the cent, and sometimes in the date.
When the date on the cent changed over
from 1959 to 1960, the earliest dies had a rela-
tively small date, with correspondingly small
openings in the 9, 6 and 0. The pillars on the
dies that shaped those small openings on the
coins were prone to chipping away, leaving
small blobs of metal inside one or more of
the digits. The logical solution was to enlarge
the last three digits to make the pillars inside
them sturdier, which the Mint did.
However, our senior editor, Ed Reiter, has
published a different explanation for the
date size change. Reiter was a good friend of
the late Frank Gasparro, assistant U.S. Mint
engraver in 1960 and later chief engraver. He
says Gasparro once told him that early in the
production of the 1960 cent dies and hubs,
one critical piece of tool steel had cracked,
requiring the Mint to make a new master die.
Because the engraving of new dates in master
dies was done by hand, that new master die
happened, by chance, to end up with a larger
date than the original one.
I suspect that the truth might lie in a
combination of the two stories, with the
cracking of the critical tool steel requiring
the production of a second master die, which
in turn provided the Engraving Department
COINage

The Philadelphia Mint resumed striking cent coins in March and April 1960, apparently using the
new date style.
with an opportunity to fix a nagging die
chipping problem that might otherwise have
been ignored until the end of the year, and
the creation of the 1961 tool steel.
Plenty of the 1960-D SD cents were struck
in January and February, and perhaps early
March. However, as mentioned previously,
the Philadelphia Mint had ceased produc-
tion of cents while the new dies were being
prepared, resulting in the low mintage. Thus,
it was the combination of a shutdown in
production and the date change that altered
the course of numismatic history.
So what caused the shutdown of U.S. coin
production at the Philadelphia Mint in Janu-
ary of 1960, thus making the 1960-P SD cent
so scarce? Simple: foreign coin production.
Since the late 19th century, the U.S. Mint had
been making coins for foreign countries on a
contract basis, and in January 1960 it started
filling some orders. (My thanks to numis-
matic researcher Roger Burdette for helping
me find this connection.)
In January, February and March, the Phila-
delphia Mint struck just under 140 million
coins for the Dominican Republic, South
Korea and the Philippines, of which just
over 102 million pieces were in bronze that
might otherwise have been made into Lin-
coln cents. From April through July, it made
WIKIMEDIA COMMONS
another 98.7 million coins for Cuba, Liberia,
South Korea and the Philippines, but none of
them in bronze.
(There is another significant example of a
February 2017
design change and timing creating scarcities
in U.S. coins. Most 1908 double eagles were
struck before the decision was made to add
“In God We Trust” to the Saint-Gaudens
gold coin designs, and most 1908 $10s were
struck afterward. Look at the respective
mintage figures to see what effect this had.)
In this milieu, the weekly newspaper Coin
World opened for business in April of 1960,
just as news of the Small Date cent was break-
ing. By the end of the year, it had more than
53,000 paid subscribers. Its worthy rival,
Numismatic News, had begun publication in
1952. Both carried multiple ads for BU rolls
and modern proof sets and, in the 1960s, orig-
inal mint-sewn bags of very common modern
coins. Because they did not understand how
it happened, some people thought that the
1960-P SD lightning might strike again.
The hoarding became such a drag on the
country’s coinage supply that Mint Director
Eva Adams, blustered threats about making
coin collecting illegal. It was pointed out to
her that the problem was not the little col-
lector (i.e., me) taking one 1963-D nickel out
of circulation to put in my Whitman folder,
but the speculators putting away millions of
1963-D nickels and other coins in rolls and
bags. This was not illegal, no matter how
much it inconvenienced the U.S. Mint.
Hoarding became an even bigger problem
in 1964 when the Kennedy half dollar came
out and was immediately hoarded in huge
quantities, concurrent with a shortage of
silver and a rise in its price that set off a new
round of hoarding specifically for the silver
denominations.
In July of that year Congress authorized the
Mint to discourage some of the hoarding by
freezing the 1964 dates on all five denomina-
tions, which it did deep into 1965, and even
into 1966 on some denominations.
When the production of 1965-dated coins
finally began, some in new compositions, the
Denver Mint discontinued the use of the “D”
mint mark through the end of 1967, lumping
the production from both mints into huge
mintage figures. Thanks in part to these
measures, the roll and bag bubble burst, and
for all intents and purposes never recovered.
So how did the BU roll market in general,
and the BU 1960-P Small Date roll in par-
ticular, change my life?
By the amazing timing of its discovery, the
1960-P SD cent helped make the fledgling
Coin World a smashing success—so much so
that for decades, it could afford to maintain a
multi-person department called “Collectors
Clearinghouse.” This department answered
reader mail and, among other duties, pub-
lished a feature page usually devoted to error
coins and die varieties.
When I as a collector found a Lincoln cent
from the 1950s with a die chip in the center
of the “D” mint mark, a collector friend of
one of my older brothers steered me to the
Collectors Clearinghouse page. I subscribed
to the paper, began a long correspondence
with the editors of the Clearinghouse page
and eventually went to work there.
That led directly to a job at the Ameri-
can Numismatic Association in Colorado
Springs, and from there a career working for
coin dealers in the Chicago area, where I met
my first wife. I am now comfortably retired
back in Colorado Springs, thanks in part to
the 1960 Small Date cent!
(Someday, I will write an article on the BU
rolls currently sold by the U.S. Mint, if the
Mint will ever answer the several e-mails
I have sent on the topic over the last four
years. Must be an official state secret.)
For a good article on BU roll terminology,
check out my friend Wayne Herndon’s web-
site, http://wayneherndon.com/whrc/pages.
php?pageid=33.
21
 South Korean Numismatics

GETTING OVER THE

LANGUAGE BARRIER
by Mark Lovmo from the United States. These coins were man-

F
ufactured at the U.S. mint in Philadelphia
or world coin enthusiasts from 1959 to 1962 in denominations of
who pursue modern-era 10, 50 and 100 hwan.
issues, there are two A currency reform in June 1962
common frustra- changed the name of the cur-
tions that discourage them rency to the won (1962-pres-
from collecting the coins of ent), but it also allowed for
certain countries. the continued circulation of
One is difficulty in gain- the 10-hwan and 50-hwan
ing knowledge of these coins, which were revalued
countries’ modern series of downward to one won and
coins beyond the informa- five won, respectively. Only
tion available in a world- the 100-hwan coins were
coin compendium such as demonetized, removed from
the Standard Catalog of World circulation and melted.
Coins.. The other frustration is The Korean government
the inability to gain a complete soon began making increasingly
understanding of the markets in sizable investments in the South
which these coins are bought and sold. Korean Mint, in part to facilitate the
These problems invariably involve world growth of the local economy by revamping
coins that might not be popular in one’s own the domestic currency system. These efforts
numismatic community, and they espe- resulted in the construction of a mint
The 10-hwan coins dated 4292 (1959) have usually command-
cially apply to coins that do not have an ed increasingly higher sale prices in recent years, especially near the southeastern coastal city of
easily accessible base of literature. in Mint State grades of 64 or higher. In high grade, this coin is Busan in 1966, which began the first
probably the most sought-after of South Korea’s circulation
This last point might be due to the fact coins for collectors. domestic production of circulation
that when relevant numismatic infor- coins in South Korea.
mation does indeed exist, it might be limited coins of South Korea. Three new copper-based coins were minted
to the coins’ country of origin and might be in denominations of one won, five won and 10
written in an unfamiliar foreign language. South Korean Coin Production won, and these began replacing paper curren-
In such cases, language barriers and access After gaining independence from the cies of the same values.
rights can restrict our ability to view catalogs, Empire of Japan in 1945 and the establishment A huge expansion in the mintages of these
price guides and online numismatic retail and of its government in 1948, South Korea issued new won-denominated coins after 1968—
forum sites that might contain valuable infor- its very first coins during the last years of helped along by a switch to less expensive
mation about these coins. the nation’s second currency, the hwan (1953- coining metals—started to alleviate the grow-
This article is an attempt to address 1962). ing domestic need for smaller-denomination
just one country’s modern series of coins Without a mint of its own, South Korea currency.
for which all of these issues pertain: the imported all three of the nation’s hwan coins The government continued its overhaul of

22 www.coinagemag.com COINage
the currency system by replacing other lower-
denomination bank notes with coins, result-
ing in the introduction of new cupronickel
pieces: the 100-won coin in 1970, the 50-won
coin in 1972 and finally, the 500-won coin
in 1982.
In 1975, the Korean government constructed
a new minting facility in the city of Gyeongsan
and deactivated the mint near Busan that
same year. The new facility allowed the South
Korean Mint to expand operations to include
the striking of commemorative coins and
medals (which also began in 1975), as well as
take on larger contracts to manufacture coins
and currencies for foreign nations.
The metal used to make planchets for the first 100-won coins in 1970 came from 315 metric tons of metal reclaimed from the 100-hwan coins that were
melted down after 1962. The two main key dates for the 100-won coin (KM#9) are 1970 and 1974.
Collector Markets
The business-strike coins that collectors
consider to be key-date pieces are the copper-
based coins: The 10-hwan coin (KM#1) with
the “4292” Korean Era date; the 10-won coins
(KM#6) dated 1966 through 1970 and 1975;
the five-won coins (KM#5) dated 1966 and
1967; and the one-won coins (KM#4) dated
1966.
A few of the early cupronickel pieces also are
considered key-date coins: The 100-won coins
(KM#9) dated 1970, 1971, 1972 and 1974; the
50-won coins (KM#20) dated 1972 and 1973;
and the 500-won coins (KM#27) dated 1987
and 1998.
Although some pursue these coins in lower
February 2017
grades, serious South Korea enthusiasts prefer
examples of these key-date coins in mint-state
grades with good eye appeal. Collectors are
particularly keen on key-date copper pieces
that are free of excessive toning that usu-
ally appears in the form of brown spots. Such
“spot-free” coins almost always command a
premium. There are relatively few coins pre-
dating 1970 that third-party grading compa-
nies have graded Mint State 65 or higher.
Collectors who are able to explore the larger
market for these coins soon begin to notice
that many of the highest-graded key-date
South Korean coins are to be found outside of
Korea, with the majority in the United States.
However, the emergence of online retail and
auction sites has changed this situation to a
certain extent in the last 15 years, with collec-
tors and dealers in Korea acquiring some of
the best examples of these coins from sellers
in other countries.
Further examination of Korean sources also
quickly reveals that prices for these coins in
the South Korean collector market are nota-
bly higher than elsewhere. This is reflected
in yearly coin-catalog listings by the two
most prominent Korean-language publishers
of numismatic literature, Daegwangsa and
Ohsung K&C.
While these catalogs might cite rather hope-
ful prices, realized prices at online Korean
coin retailers and in brick-and-mortar shops
reveal unquestionably higher prices compared
to similar, uncirculated key-date South Kore-
an coins sold in North America.
Often, there is a two-fold difference in price.
For years, Korea-based dealers have been
turning decent profits by acquiring such coins
from outside of Korea and selling them locally.
I have become aware of only a few instances
in the last seven years in which single, MS-
grade South Korean circulation coins were
sold for realized prices over $450 through
online venues in North America. Most cur-
rently sell for prices ranging between $30 and
$350.
As is the case with some other series of
world coins, these values are quite elevated
compared to prices just a few years ago. Until
recently, the low prices listed in world coin
catalogs for key-date South Korean coins
might have led people to believe that the listed
prices were the result of a sizable supply of
high-grade examples when, in all likelihood,
it was just the result of low demand outside
of Korea.
While it is difficult to gauge the aver-
age condition of the existing examples, the
evidence available suggests that such high-
grade coins with good eye appeal are scarce,
if not rare. Although the market everywhere
for these coins has leveled in the last five
23

The 10-won coins (KM#6) of the 1960s are popular with collectors of South Korean coins.
years, there still exists a radical mismatch
in the prices paid for uncirculated key-date
South Korean coins sold in Korea and those
sold outside of Korea.
The Collector Community
By some measures, the numismatic com-
munity in South Korea is exceedingly small,
yet its members are quite enthusiastic about
Korean coins and notes from every historical
era, including the contemporary coins of the
Republic of Korea discussed in this article.
There also is great interest in world coins
and bank notes. Among the most popular
items are contemporary Euro-zone issues,
Chinese silver, 20th-century U.S. coins and
Meiji, Taisho and Showa-era issues from
Japan. These coins and currencies are the most
numerous non-Korean items at Korean coin
shops and in retail listings online.
A national currency show known as the
“Korea Money Fair” has been held yearly since
2010. This well-attended event is clear evi-
dence of growing numismatic interest inside
the country.
The uptick in numismatic interest is one
reason why the major third-party grading
companies are performing their own “pivot to
Asia,” with submission centers in Seoul, as well
as in other cities in East Asia.
Third-party grading has become a fixture of
the numismatic scene in South Korea at a level
24 www.coinagemag.com
not often seen outside of North America, with
certification holding sway over key-date coins.
NGC has clearly cornered the market in South
Korea, as the vast majority of certified Korean
coins found in South Korean retail and auc-
tion venues are graded by NGC.
Currency retailers in South Korea often
operate brick-and-mortar businesses that also
have an online presence. The most prominent
auction business in the country is Poong-
san Hwadong (hwadong.com), which hosts
important numismatic auctions at the annual
Korea Money Fair and is also the international
submission center for NGC in Korea.
Among the prominent retail businesses spe-
cializing in numismatics are Sujipbank (sujip
bank.com), Power Coin (powercoin.co.kr),
Sujipmol (sujipmol.com), Ohsung K&C
(soojip.com), Mirine Mall (mirinemall.co.kr)
and Nara Auction (narauction.com).
For non-Koreans, purchasing from these
businesses is difficult, as their online stores are
navigable only by those with knowledge of the
Korean language and they take payment only
in the form of funds drawn from local bank
accounts and credit cards issued in Korea.
South Korea lacks a prominent, nation-
wide numismatic organization. Instead of a
national organization, many in the collecting
community are members of smaller currency
clubs that are local or Web-based. Most of
these currency clubs often operate as online
forum sites at the Korean Web portals Daum,
Naver or Nate.
The largest online club, True Colors of Col-
lecting (http://cafe.naver.com/antimaker),
boasts a membership of more than 39,000,
and the next-largest club, Coins and Notes”
(http://cafe.daum.net/dongjeonjeepea), has
more than 17,000 members. Another club
that specializes in world currency collecting is
World Money (numerousmoney.com).
Memberships in these forums are often
open to non-Koreans, although Korea-specific
identification information might be required.
With access and knowledge of the language,
these sites offer a wealth of information about
Korean numismatics.
As for North Korea, few people outside
that secluded country know much about the
numismatic scene there. However, low-mint-
age silver proof crowns and half-ounce gold
and silver pieces are gaining popularity among
world coin collectors outside of Korea.
The North Korean precious-metal coin
mint, Korea Pugang Coins Corporation, has
manufactured these coins since the late 1980s.
In recent years, one frontier commodity inves-
tor, Jim Rogers, has been buying as many of
these coins as he can in an effort to corner the
market on them. He is betting that this invest-
ment will reap a profit in the event of a future
collapse of the North Korean state.
Coins to Look For
(1) “Bronze”-variety 10-won coins (KM#6)
dated 1970
These are possibly the most difficult South
Korean coins to find in grades above MS-62.
Be aware that halfway through the minting of
the 1970 issues of the five-won and 10-won
coins, the South Korean Mint changed the
coining metal from the 88-percent copper,
12-percent zinc composition it had been using
World coin cherry-pickers should keep their
eyes open for attractive uncirculated 10-won
coins dated 1970. They could be rewarded with
a rare bronze variety that might have been er-
roneously attributed as a “brass” variety.
COINage

HERITAGE AUCTIONS
The coins issued to commemorate the 1988 Seoul Summer Olympics are among the most familiar
South Korean coins in numismatic markets worldwide.
since 1966 to an alloy of 65 percent copper, 35
percent zinc.
Collectors and third-party grading compa-
nies denote the former as the “bronze” variety,
and the latter version as the “brass” variety,
although both are actually brass. Coins of the
bronze variety often have a darker, golden
color compared to those of the brass variety.
Variety authentication is recommended.
The bronze-variety 1970 10-won coins in
the grade of Mint State-64 have been fetch-
ing 800,000 KRW ($700 in U.S. dollars) in
South Korea, while similar coins have a dif-
ficult time breaking the $450 mark outside of
South Korea.
(2) 10-won coins (KM#6) dated 1969
This date is almost as difficult to find in
brilliant uncirculated condition as the bronze
1970 piece. Coins free of brown toning are
quite rare. In 2015, a very nice NGC-graded
example in MS-64 sold in a Heritage auction
for $282, while an NGC-graded example in
MS-63 was sold by an online South Korean
retailer for approximately $400.
February 2017
(3) 10-hwan coins (KM#1) dated 4292 (1959)
In high grades, this coin is probably the
most sought-after of all South Korea’s circula-
tion coins. A South Korean retailer is sell-
ing an NGC-graded example in MS-64 Red
for 590,000 KRW ($500), and another—also
graded by NGC—in MS-65 Red for 920,000
KRW ($790). By comparison, I purchased a
PCGS-graded example in MS-64 Red for less
than$180 on eBay in 2014.
Keep an eye out for 10-hwan coins coun-
termarked with the Korean hangul letters for
kyeon yang, meaning “specimen.” The Stan-
dard Catalog of World Coins describes these
coins as “bank samples,” and these have sold
at much higher prices than those without this
countermark in the same condition. In 2015,
a PCGS-graded 10-hwan specimen (KM#S1)
in MS-62 Red-Brown sold for $400 on eBay.
(4) XXIV Summer Olympics commemora-
tives dated 1987 and 1988
The coins issued to commemorate the 1988
Seoul Summer Olympics are among the most
familiar and omnipresent of all South Korean
coins in numismatic markets worldwide. Per-
haps the scale of these commemorative issues
might be some indication as to why this is so.
In 1987 and 1988, the Bank of Korea issued
four separate sets of seven coins each, along
with a single four-coin set, for a total of 32
coins composed of either gold, silver, nickel or
copper-nickel.
Most of the coins were made in both mint
and proof versions, with mintages of both
often in the hundreds of thousands. After the
glow of the Olympics had worn off the follow-
ing year, the Bank of Korea found that it had a
sizable portion of the total number these coins
left unsold (over 2.5 million). Many retailers
in the country began to ask that the bank buy
back their own unsold stock.
Like many Olympic coins, the silver proofs
appear for sale nowadays as some of the least
expensive world coins of their type for their
size and weight.
Other Rarities
Along with the other key-date business-
strike coins mentioned at the beginning of
this article, there are a few other South Korean
numismatic rarities worth looking for. Any
of the early (1975-1981) Bank of Korea com-
memorative coins minted in frosted proof are
highly popular and number only 2,000 pieces
each.
A frosted proof six-coin presentation set
made in 1982 (KM# PS6) has sold for between
$1,400 and $3,000. The 1987 Bank of Korea
mint set, which includes a low-mintage 500-
won coin, sells for upwards of $400 in Korea.
The six-coin mint sets for the years 1995,
1996, 1997 and 1999 feature five-won and
one-won coins that number only 10,000 to
15,000 pieces. These mint sets sell for between
$150 and $400 in Korea.
The 500-won coin dated 1998 is the lowest-
mintage South Korean coin ever issued as a
The 2015 Korean Daegwangsa catalog lists the
1972 50-won coin at 300,000 KRW ($260) in bril-
liant uncirculated condition.
25
Bank of Korea mint sets for the years 1995 through 2000 are commanding increasingly higher prices in the collector market in South Korea. Coins
with mintages in the thousands are found only in these sets. The 1998 mint set that contains the rare 1998-dated 500 Won coin sold for 1,650,000 KRW
($1,400.00) in 2015.

business strike, at 8,000 pieces. They appear “cornucopia” mint mark, and these number world coin enthusiasts to overcome the bar-
exclusively in 1998 Bank of Korea six-coin only 402 pieces in total. These Paris Mint riers involved and explore foreign numismatic
mint sets, with some having been broken out pieces are the lowest-mintage and highest- sources.
of their sets by collectors, usually for certified priced South Korean coins. Even better, they could use their findings
grading. Collectors also have shown keen interest in to add to the English-language numismatic
Collectors in South Korea are snapping up an odd variety of the tiny 50-won silver coin literature on world coins, which is sorely lack-
these sets for 1,650,000 KRW ($1,400) as soon (KM#7) from this series that is inexplicably ing, considering the scale of the subject.
as they are listed by the popular online retailer, dated “1971” while the rest of this commemo- Future articles would be very helpful to
Sujipbank. Other popular, rare sets are the rative series is dated “1970.” One of these coins explain the markets for world coins in their
“foreign” mint sets, as the Koreans call them: sold at a 2015 eBay auction and topped out countries of origin, as well as to shed more
These are Bank of Korea mint sets that can at $250. light on the designs, manufacture and his-
be distinguished by the complete absence of It is hoped that this brief explanation of torical backgrounds of these modern series of
Korean hangul lettering, having only English South Korean coins will encourage other world coins.
writing on their cases and slip covers.
These sets are often mistaken for regular
Bank of Korea mint sets in online auctions.
Made each year from 2001 to the present,
these sets sell for a premium over regular
mint sets. The “foreign” mint sets made from
2001 to 2004 are especially prized in Korea
since they feature reverse-proof coins, and
only 3,000 to 5,000 of these sets were made.
Collectors are also quite interested in South
Korea’s first commemorative coins, issued by
Italcambio as six gold proof coins and six
silver proof coins. Around 4,000 of each sil-
ver coin were made, while the four larger
Bank of Korea mint sets have appeared in two versions since 2001. Yearly, around 50,000 sets were
gold coins of this series number only in the made with Korean and English writing on them. Only 3,000 special “foreign” sets were assembled
hundreds. each year for sale outside of Korea, and can be distinguished by the absence of Korean writing on
them. In Korea, the mint set on the left sells for 15,000 KRW ($13.00), while the “foreign” mint set on
Some of the gold coins feature the Paris Mint the right sells for 175,000 KRW ($150.00).

26 www.coinagemag.com COINage
 QUALITY COINS FROM JACK H. BEYMER
All five six-piece type coin sets are housed in custom Capital Plastics holders, and the coins grade good or better.
EARLY TYPE CENTS EARLY TYPE ODD DENOMINATION

Large Cent Flying Eagle Cent Indian Head Cent Lincoln Cent Lincoln Cent Half Cent Two Cent Piece 3¢ Nickel Silver 3¢ Piece Twenty Cent Piece
1793-1857 1856-1858 1864-1909 1909-1958 1959 to Date 1793-1857 1864-1857 1864-1889 1851-1873 1875-1878
SET FOR $67.50 SET FOR $295.00
EARLY TYPE NICKELS U.S. GOLD EARLY TYPE QUARTERS
EF-AU BU
$1.00 LIB 240. 315.
2.50 IND 315. 365.
3.00 1125. 2100.
5.00 LIB 395. 470.
Seated Half Dime Shield Nickel Liberty Nickel Buffalo Nickel Jefferson Nickel Bust Quarter Seated Quarter Barber Quarter Liberty Quarter Washington Qtr
1837-1873 1866-1883 1883-1912 1913-1938 1938 to Date 10.00 LIB 745. 820. 1815-1838 1838-1891 1892-1915 1916-1930 1932 to Date
SET FOR $58.00 20.00 LIB 1440. 1550. SET FOR $220.00
LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS LINCOLN CENTS
1909 VDB F15 27.50 ANACS VF35 (VF30) ...........46.50 1915D ICG MS67RB... ..................... 1850.00 MS62BN 84.50 MS63BN.. ..................112.50 AG3 G4 VG7 F12 VF20 EF40
MS64RD 100.00 PCGS MS65RD.......176.50 AU50, light obv porosity. ......................34.50 MS64BN 151.50 PCGS MS64RB. ....290.00 VF30 5.25 PCGS MS62BN....................87.50
MS65RB 87.50 MS65RD....................173.50 EF40, obv & rev marks... ......................22.50 MS63BN 102.50 PCGS MS64BN. ......153.50 1919S 3 rev radial die, one 1909 VDB 9.10 14.00 14.75 15.75 16.50 17.50
PCGS MS64RD. ..................................102.50 EF40, rev flan flaws... ............................22.50 MS60BN................ ................................78.50 obv die cracks EF40. .............................14.50 1909S VDB - - 791.50 805.00 920.00 -
NGC, PCGS MS65RB....... .....................90.00 Fr2 8.25 ICG G4..... ...............................16.75 AU50 50.00 AU55 58.50 AU58 ............64.50 1920 MS65RB 78.50 MS65RD.. ........286.50 1909 2.30 3.50 4.00 5.00 5.50 6.50
MS64RB 66.50 MS63RD......................70.00 1910S/S north RPM2 G4......................20.00 VF30 21.00 ICG AU50...........................52.50 MS63BN 22.50 MS64RB... ...................46.50 1909S 58.00 77.50 86.00 98.50 140.00 -
MS64BN 40.00 NGC MS64RB. ............68.50 1911 PCGS PR64RD..... .................. 1500.00 EF45, light obv marks.. .........................12.50 MS60BN 17.00 MS63RB.... ..................24.50 1910 .30 .45 .50 .60 2.00 5.25
NNC MS66RD (MS64RB).....................68.50 MS65RB 152.50 MS66BN..................162.50 Fr1 .50 Fr2 .75 F15..................................7.75 AU50 8.50 AU55 11.00 AU58...............12.75 1910S 11.00 14.75 21.00 22.50 34.50 62.50
MS62BN 27.00 MS63RB.. ....................36.50 MS65BN 81.50 ANACS MS65RB. .....155.00 1915S AU50 123.50 AU55... ..............149.50 VF30 2.50 EF45.... ...................................5.50
1911 .30 .45 .85 1.50 3.50 8.50
MS60BN 24.00 MS63BN... ...................30.00 ANACS, PCGS MS64RB... ....................97.50 F15 40.00 VF30 77.50 EF45. ..............110.00 1920D AU55 54.50 AU58.... .................61.50
AU58 21.50 MS60RB.... .......................28.50 MS64BN 48.50 ANACS MS64BN. .......51.50 VF30, rev mark........ ..............................31.50 VF30 16.50 EF45 31.50 AU50 .............43.50 1911D 3.50 5.50 7.25 10.00 26.50 -
Fr2 5.90 AU50 19.50 AU55...................20.50 MS63BN 31.00 MS63RB.. ....................42.50 Fr2 11.00 EF40, porous.. ......................24.50 AU58, reverse mark.. ............................31.50 1911S 27.50 36.50 50.00 58.50 67.50 88.50
1909 VDB doubled die obverse VF30 6.00 MS60BN........ ......................19.50 EF40, obv porous patch. .......................19.50 AU58, weakly struck... ..........................23.50 1912 1.25 1.95 2.20 2.50 6.75 -
FS1101 VF20.........................................85.00 MS60, light obv marks..........................10.00 1916 PCGS MS66RD............ .......... 1240.00 1920S NGC, PCGS MS65RB.. ......... 3220.00 1912D 4.85 7.50 10.00 - 35.00 -
1909S VDB NGC MS65RD.... .......... 6200.00 1911D AU50 78.50 NGC MS65RB. ....600.00 MS65RD 465.00 NGC MS66RD...... 1240.00 AU58 82.50 NGC MS64RB... ........... 1055.00 1912S 14.75 19.50 23.00 28.50 48.00 83.50
ICG MS66RB nearly full red ............ 5725.00 PCGS MS63BN 128.50 MS64RB. ......373.50 F15 1.90 EF45 12.25 AU50...................15.00 AU55 68.50 ANACS MS63RB.............261.50
1913 .55 .85 1.30 2.00 8.25 23.50
PCGS, ANACS MS64RB... ............... 2525.00 ANACS MS64BN...... ...........................198.50 1916D NGC MS65RB..........................570.00 AU50 46.50 PCGS AU58.......................85.00
PCGS MS63BN....... ......................... 1857.50 VG10 9.00 VF30.... ................................45.00 MS64BN 231.50 PCGS MS64RB. ......395.00 F15 3.25 VF30 16.50 EF45....................28.50 1913D 1.95 3.00 4.75 7.50 23.50 61.00
AU50 1416.50 PCGS AU53. ............ 1491.50 AU50, obv flan flaws... ..........................26.50 AU58RD 98.50 MS64RB... .................392.50 AU58, weak reverse.. ............................16.00 1913S 8.75 11.50 16.75 21.00 34.50 66.00
EF45 1280.00 PCGS AU50.. ............ 1420.00 Fr2 2.25 VF20, porous.. ..........................7.25 MS60BN 98.50 NGC MS63BN.. .........173.50 1921 MS64RD 178.50 MS65RB.. ......184.50 1914 .35 .50 1.25 2.25 8.50 -
NGC VF30 1057.50 NGC EF45. ....... 1282.50 1911S MS64RB 558.50 MS65RB.. ..800.00 AU58 72.50 MS63BN...... ...................171.50 MS65BN 118.50 MS64RB..................132.50 1914D 105/00 161.50 191.50 237.50 454.50 960.00
PCGS EF45......... .............................. 1282.50 MS63RB 315.00 ANACS MS63BN ...261.50 F15 5.50 EF45 32.50 AU50...................46.50 MS63BN 68.50 ANACS MS63RB. ........91.50 1914S 16.25 21.50 25.00 29.50 52.50 108.50
Was PCGS genuine, reverse ANACS AU55(AU50).... .......................123.50 AU58, weak wheat-ears... .....................22.50 MS60RB 64.50 MS63RB... ...................89.50
1915 1.10 1.70 3.75 8.00 26.00 76.50
spot, net EF45...... ............................ 1280.00 EF45 101.50 AU50.... ..........................121.50 1916S AU58 89.50 NGC MS65RB. . 1950.00 AU58 36.50 MS60BN.... .......................47.50
NGC F15 852.50 PCGS VF25..............990.00 AU50, small obv flan flaw. ....................88.50 MS64RB 690.00 PCGS MS65RB. ... 1950.00 VF30 9.00 EF45 18.00 AU50. ...............25.00 1915D 1.15 1.75 3.15 4.75 12.50 30.00
ANACS AU details, corroded VF30, obv mark 58.50 VF30. ................78.00 NGC MS64RB CAC....... ......................692.50 F15 2.40 AU55, light marks ...................9.00 1915S 14.75 19.50 24.50 31.50 52.50 102.50
cleaned, net EF40, decent MS60BN corroded 58.50 F15. .............62.00 PCGS MS63BN 173.50 MS65BN. ......638.50 1921S AU58 96.00 NGC MS65RB. . 2765.00 1916 .25 .35 .50 .70 3.75 10.50
looking (VF20).....................................922.50 VG10 55.00 EF40, porous.....................58.50 AU55 77.50 MS63BN.... .....................171.50 AU55 87.50 PCGS MS65RB. ........... 2765.00 1916D .80 1.25 2.10 3.35 9.00 -
NGC EF cleaned net VF20.. .................922.50 AU50 obv corrosion..... .........................50.00 VF30 24.50 EF45 44.50 AU50 .............59.50 AU50 74.50 PCGS MS64RB. ..............830.00 1916S 1.15 1.75 3.50 5.00 14.00 35.00
NGC, PCGS F12...................................807.50 EF40, porous, obv mark........................36.50 NGC VF30..............................................26.50 EF45 56.50 NGC MS64RB. .................830.00 1917 .20 .30 .35 .45 2.00 6.00
NCS EF details, obv damage Fr2... ......................................................21.00 NGC VF25 (VF30/F12).......................... 21.50 ANACS EF40 (VF30)..............................31.50
obv scrape, not bad 1912 F15 4.25 PCGS MS65RD.. ........700.00 AU50, small obv pits.. ...........................14.00 Fr1 .45 Fr2 .70 VF30.... .........................30.00 1917D 70 1.05 1.90 3.15 16.50 47.50
looking, net F12...................................807.50 1912D VG10 11.00 F15...... ..................21.00 VF20, obv corrosion................................1.75 1922 No D, die pair 2, 1917S .35 .50 .80 1.25 5.25 14.50
PCGS Genuine AU50 detail, Fr2............. ..............................................3.15 Fr2................ ..............................................75 strong rev PCGS EF45. .................... 2825.00 1918 .20 .30 .35 .45 2.00 5.25
corrosion, net F12.. .............................807.50 1912S AU55.......... ..............................142.50 AU50 details, heavily PCGS F15 912.50 PCGS VF35......... 1865.00 1918D .70 1.05 1.65 2.50 7.75 20.00
ANACS VF20, scratched, F15 36.50 VF30 66.00 AU50. .............120.00 corroded.............. .......................................75 NGC, PCGS VF30..... ........................ 1627.50 1918S .25 .35 .85 1.50 5.00 13.50
very light..............................................807.50 1912S/S North-East RPM1 1917 VF30 4.00 MS65RB.... ...............175.00 VF25 (was NGC VF25).. ................... 1173.50 1919 .20 .30 .35 .45 1.15 2.75
PCGS VF20 (F12)..... ...........................807.50 AU50 165.00 MS60BN.... ...................215.00 F15 1.10 MS64RB.................................79.50 F15 910.00 PCGS VF20. .................. 1152.50
ICG VG10 details, damaged, EF40 101.00 EF45.... ...........................112.50 1917D AU58 68.00 NGC MS65RB. ....718.50 NGC G6..... ..........................................612.50 1919D .45 .70 1.05 1.50 5.75 16.00
light marks....... ...................................787.50 F12 32.50 VF20 57.50 VF30. ................79.50 EF45 54.00 PCGS MS64RB CAC .......423.50 1922D AU58 93.50 NGC MS65RB. ....615.00 1919S .20 .30 .80 1.50 3.25 7.25
ANACS EF40 details, 1913 MS63RB 70.00 NGC PR65RD 1960.00 VF30 32.00 PCGS MS64RB................418.50 AU50 75.00 MS64BN... ......................215.00 1920 .15 .20 .35 .50 1.50 3.50
corroded....... .......................................787.50 MS64RB........... ...................................116.50 MS63BN 128.50 MS63RB..................175.00 F15 27.00 VF30 39.50 EF45. ................58.50 1920D .65 1.00 1.90 3.25 9.50 23.50
1909 MS64BN.......................................25.00 F15 4.25 VF30 15.75 AU50...................31.50 F15 8.50 AU50, weak rev. .....................32.00 VG10 23.50 EF40/F15.. .........................31.50 1920S .30 .45 .85 1.50 6.00 16.00
ANACS MS62BN.............. .....................20.00 1913D EF45 66.50 PCGS MS65RD 2250.00 AU50, dark, porous..... ............................3.15 Fr2 9.50 AU55, weak rev.......................47.50 1921 .35 .50 .65 .85 4.75 13.50
AU58 13.50 MS63BN...... .....................19.50 VF30 43.50 PCGS MS64BN................219.50 1917S AU58 58.50 PCGS MS65RB 2100.00 VF30 obv, AG3 rev.................................23.00
AU50 11.50 MS60BN..... ......................15.00 F15 11.50 MS60, porous.. ....................61.00 MS62BN 108.50 MS65RB............... 2097.50 F15, “DB” scratched on obv ................22.50 1921S 1.05 1.60 2.50 3.80 16.00 45.00
Fr1 1.10 Fr2 1.70 VF30. ..........................6.00 Fr1 .85 Fr2....... ........................................1.25 PCGS MS64RB......... ..........................495.00 VF20, edge crimped from 1922 NO D - - - - 1150. 2100.
1909S NGC MS65RD....................... 1580.00 1913S AU58 168.50 NGC MS65RB 1165.00 PCGS AU58 60.00 MS63BN... ............133.50 lucky charm...........................................14.75 1922D 14.75 22.50 23.00 24.00 31.50 47.50
MS63RB 420.00 PCGS MS64RB. ......590.00 VF30 50.00 EF45...................................88.50 AU55 48.50 MS60BN..... ......................84.50 D removed F12......................................14.75 1923 .20 .30 .40 .55 2.50 -
MS63BN 402.50 NGC MS65BN. ........535.00 AU50, a few obv flan flaws ..................34.50 VF30 10.00 EF45 22.50 AU50 ..............33.50 1922D EF45, 2 radial die 1923S 4.40 6.75 8.00 9.50 23.50 56.00
MS60BN 385.00 PCGS MS63RB. ......422.50 Fr2 5.75 NGC G6 17.50 F15..................26.50 VF20, rev nearly bisected cracks on reverse.. ................................75.00 1924 .15 .20 .30 .45 2.25 -
AU50 263.50 PCGS MS63BN.............405.00 EF45, light marks... ...............................21.00 by die cracks from K4-K8.. .....................9.75 EF40, porous........ .................................25.00
1924D 21.75 33.50 38.00 45.00 69.50 127.50
VF30 157.50 NGC MS62BN................395.00 1914 AU55 46.50 PCGS PR65RD. . 2885.00 1918 MS63BN 21.00 MS63RB.............28.00 1922D 1 radial die crack on
F15 115.00 PCGS MS62BN. ...............395.00 MS64RB 195.00 NGC MS65RB.. .......281.50 AU50 9.50 AU55..... ..............................11.00 rev early die state of the 1924S .80 1.25 2.00 3.00 14.50 41.50
VG10 93.50 ANACS AU50.. ................265.00 AU50 42.00 MS64BN.... .....................106.50 F15 1.00 VF30 3.85 EF45........................7.50 above coin G4 22.50 F12. .....................24.00 1925 .15 .20 .30 .40 1.25 3.25
MS63RB, sm obv scratches. ..............262.50 VF30 16.00 MS63BN..... .......................75.00 AU58, whizzed looks RB UNC ................5.75 1923 PCGS MS66RD....................... 1450.00 1925D .55 .85 1.90 3.50 8.25 19.50
NGC F15 117.50 PCGS EF45. .............212.50 AU50/VG8........ .......................................8.50 1918D PCGS MS65RB... ................. 1085.00 MS64RB 48.50 MS64RD......................74.50 1925S .45 .65 1.10 1.75 5.50 14.50
PCGS VF25..........................................150.00 1914D NGC MS64RB....................... 6890.00 MS64RB 545.00 NGC MS65RB.. ... 1085.00 MS64BN 28.00 MS63RD......................51.00 1926 .15 .20 .30 .40 1.00 2.50
PCGS VF30 (VF20)..............................142.50 MS64RB.... ....................................... 6885.00 VG10 2.25 F15 4.50 VF30.....................14.00 MS62RD 37.50 MS63RB......................25.00
1926D .90 1.40 2.35 3.75 8.50 19.25
F15, obv mark......... ..............................86.00 NGC VF30 710.00 PCGS EF40............962.50 1918S NGC MS65RB, only 2 AU58 13.50 MS60RB.... .......................19.50
1909S/S NE RPM#1 VF30.. ................400.00 VF30 707.50 PCGS VF30.. ..................710.00 graded higher.. ................................. 2500.00 MS60BN............... .................................15.50 1926S 6.50 10.00 11.25 13.00 22.50 43.50
1909S/horizontal S RPM#2 PCGS EF45 (VF30).... ..........................710.00 NGC MS64BN...... ...............................450.00 1923S ANACS MS62BN.. ...................261.50 1927 .15 .20 .30 .40 1.00 2.50
ANACS MS63BN.... .............................575.00 PCGS VF35 (VF25)..............................582.50 AU58 57.50 MS62BN.... .....................119.50 AU55 142.50 PCGS AU58.. ................165.00 1927D .75 1.15 1.70 2.25 4.50 9.25
EF40, early die state.. ..........................400.00 PCGS VG10 221.50 F15......................325.00 AU55 49.50 MS60BN.... .......................77.50 AU50 114.50 PCGS AU55... ...............145.00 1927S .90 1.40 1.75 2.50 7.25 18.50
Early die state VF20.............................250.00 VG10 219.50 ANACS VG10.. ..............221.50 MS60BN, very worn obv die.................52.50 F15 15.00 VF30 33.75 EF45. ................79.50 1928 .15 .20 .30 .40 1.00 2.50
VG8 170.00 F12 180.00 F15...............200.00 VF20, obv marks....... ..........................161.50 VF30 9.25 EF45 23.50 AU50. ..............37.50 Fr2 2.85 DGS EF45 (F12)......................11.50
1928D - .85 1.30 2.00 4.00 8.00
1910 ANACS PR64RB.... ....................675.00 1914S PCGS MS63RB........................723.50 MS60BN, multiple die chips 1924 MS63RB 46.50 MS65RB...........106.50
MS65RB 57.50 MS65RD....................294.50 AU58 260.00 NGC MS62RB.. .............611.50 on coat.................................................116.50 AU58RB 18.50 MS64RB.......................60.00 1928S .60 .90 1.75 3.00 5.50 11.25
ANACS MS63RB 35.00 MS65BN. ........36.50 AU50 172.50 MS62BN..... ..................442.50 1919 MS62BN 13.50 MS63BN.............18.50 MS60BN 20.00 MS63BN..... .................33.00 1929 .15 .20 .25 .30 1.15 3.25
ANACS MS64BN 31.50 MS63RB. ........32.50 VF30 80.00 EF45.................................134.50 AU55 6.50 AU58 7.00 MS60BN ............8.50 MS60RB............... .................................30.00 1929D - .45 .75 1.25 3.00 7.25
ANACS MS63BN 27.50 MS64BN. ........29.50 AU50, porous patches... .......................58.50 EF45 3.75 AU50.... ..................................5.50 MS64RB, black spot on date ................ 6.50 1929S .25 .40 1.05 2.00 4.00 8.00
MS60RB 25.00 MS63BN.... ..................26.00 F15 38.50 AU50 lt porosity ...................38.50 EF40, dark .50 VF30.. ..............................1.95 VF30.......... ............................................. 4.25 1930 .15 .20 .25 .30 .75 -
AU58 15.00 ANACS MS62BN...............24.50 EF45, rev mark........ ..............................29.50 1919D EF45 25.00 PCGS MS63RD....408.50 1924D NGC MS65RB....................... 2750.00 1930D .15 .20 .25 .35 1.00 2.50
AU55 13.50 MS62BN.... .......................22.50 VF30, obv scratch, rev PCGS, ANACS MS64RB.. ...................388.50 PCGS MS64RB......... ....................... 1455.00
VF30 3.65 EF45 7.50 AU50...................10.75 struck through.......................................28.50 F15 3.25 F15+ 3.75 VF30......................11.00 VF30 98.50 PCI MS62RB. ..................550.00 1930S .15 .20 .25 .35 .75 1.75
1910S AU58 97.50 NGC MS65RD. ....930.00 VF20, rev marks..... ...............................21.50 AU50, light porosity.. ..............................5.75 F15 55.00 NGC AU53..........................203.50 1931 - .60 .75 .90 2.00 4.75
MS60BN 112.50 NGC MS65RB. ........415.00 VF30, obv & rev porosity, 1919S NGC, PCGS MS65RB.... ....... 1633.50 EF40, obv porous patch.. ......................55.00 1931D - - - 7.50 10.00 16.00
PCGS, NGC MS64RB... .......................305.00 small rim clip.........................................21.50 AU58 39.50 NGC MS65BN... ..............495.50 1924D Rev die abraded by 1931S - - 85.00 90.00 97.50 105.00
PCGS, NGC MS64BN.... ......................183.50 1915 PCGS MS66RD....................... 3310.00 AU50 22.50 PCGS,NGC MS64RB .....495.00 mint feeder fingers 1932 - 1.75 2.25 3.00 4.75 8.50
AU55 91.50 MS63RB.... .....................161.50 VF30 51.50 NGC MS65RD.. ............ 1240.00 ANACS MS63RB 170.00 MS64RB ....492.50 G4 49.50 VG7 53.50 VF20.. ..................90.00 1932D - 1.60 1.95 2.50 3.25 5.00
NGC, ANACS MS63BN........................138.50 F15 15.25 PCGS MS64BN.. ................142.50 MS64RB obv, MS64BN rev.................395.00 1924S AU58 97.50 PCGS MS65RB 4780.00
AU50 82.50 ANACS MS60BN.............115.00 Fr2 .70 EF40/VG10 (F15).. ....................15.25 ANACS, NGC MS64BN........................247.50 MS64BN 865.00 NGC MS64RB.. .... 1737.50 1933 1.10 1.70 2.00 2.50 4.00 8.00
VF30 44.50 PCGS AU58.... .................100.00 VF20, obv mark........ ...............................1.70 MS64BN..... .........................................245.00 AU50 75.00 PCGS MS64RB.. .......... 1737.50 1933D - 3.85 4.70 6.00 9.25 16.75

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Beymer 4c single Feb.indd 27 12/27/16 5:35 PM

 The Modern World by David Schwager

Living Persons Depicted on Modern

United States Coins
HERITAGE AUCTIONS

DAVID SCHWAGER

US MINT

The designer of this coin used a 1991 Fleer baseball card for reference, leading some people to believe Not only was Eunice Kennedy Shriver still alive
the coin represented pitcher Nolan Ryan. when her portrait appeared on this 1995 Special
Olympics commemorative, but she attended the

W
coin’s launch ceremony.

hy don’t real people of the present day appear on United States notes and
coins? Many other nations show their monarchs and chief executives, espe-
cially on paper money. The answer comes from the early years of federal
paper currency. Some of the first notes, issued during the Civil War, bore the
portraits of then-president Abraham Lincoln and his Secretary of the Trea-
sury, Salmon P. Chase. Spencer Clark, head of the National Currency Bureau, the government
agency responsible for printing notes, decided that if his bosses put their faces on $1 and $5
bills, they would not mind if he put his own image on a humble five-cent note. He was wrong,
and Congress enacted a law stating that United States coins and currency could not bear the
images of living people.
Most new coins, however, have authoriz- four times with classic commemorative half designer, John Deecken, modeled his rep-
ing legislation, and sometimes this legis- dollars: 1921 Alabama, 1926 Sesquicenten- resentation of a baseball pitcher on a 1991
lation supersedes the old law and puts a nial, 1936 Arkansas-Robinson, and 1936 Fleer baseball card for famous player Nolan
person of the present day on a commemora- Lynchburg. In each case, the legal specifica- Ryan of the Texas Rangers. This led some
tive coin. In other cases, the particulars of tions put a specific, current political leader people to believe that the coin depicted
the authorization, the depiction on the coin, onto a coin. Ryan. According to the artist, however, he
or the identity of the people depicted are In modern coins, the gray area is the more used the photo to ensure the action pose
vague enough that living people make their common scenario. This first happened in and folds in the uniform were accurate,
way onto the finished products. 1992 with the commemorative silver dol- but did not copy the image exactly or use
Before the modern period, this happened lar made for the Barcelona Olympics. The Ryan’s face. Comparing the coin and card,

28 www.coinagemag.com COINage
HERITAGE AUCTIONS
After U.S. Treasury official Spencer Clark put his face on this 1864 five-cent note, Congress passed a
law preventing living persons from appearing on coins and currency.
this appears to be true, and the face clearly
belongs to a different man. The first modern
case of a living person on a United States
coin was more of a misunderstanding by the
public than a break with tradition.
In the second case, however, the situation
was clear. The 1995 Special Olympics silver
dollar bears a portrait of Eunice Kennedy
Shriver, sister of President John F. Kennedy
and one of the founders of the games. (The
Special Olympics is a series of athletic events
for the developmentally disabled.) Not only
did Shriver appear on the coin, she was
a guest at the dollar’s launch ceremony.
Although the portrait was unflattering, this
was the one unequivocal case in which a
modern United States coin depicted a spe-
cific living person.
The next case returned to the gray area.
In 2002, as part of the 50 State Quarters
program, the Ohio quarter bore the legend,
“Birthplace of Aviation Pioneers.” A map
of Ohio served as the background for the
Wright brothers’ plane and an astronaut.
The question is, which astronaut? Although
a spacesuit obscures every part of the figure’s
face and body, it appears to be based on
photos of Neil Armstrong on the moon.
US MINT
The walking feet on this 2007 commemorative
coin belong to specific people of the present day.
February 2017
As the first person to walk on the moon
and an Ohio native, Armstrong is presum-
ably one of the aviation pioneers referred
to in the legend. Neil Armstrong lived until
2012, meaning he was ineligible to appear
on United States coins in 2002. Although
the coin does not have his name or face, it
was meant in part as a tribute to Armstrong
and most people recognize that the coin
reproduces his well-known photo. As the
only circulating coin in this discussion, the
mintage of the Ohio quarter dwarfs the
other examples and was seen by nearly every
American.
The fourth coin, this time a non-circulat-
ing commemorative, similarly depicts real
people of the present in an indirect way. In
2007, the Little Rock Central High School
Desegregation silver dollar honored the 50th
anniversary of that event, in which soldiers
escorted nine black students into the previ-
ously all-white school. The coin depicts only
the walking feet of the Little Rock Nine, as
they are known, without showing their faces
or listing their names. Because the coin
refers to specific people at a specific place
and time, however, it is clear to whom these
feet belong. With all of the Little Rock Nine
still alive in 2007, this coin depicts more liv-
ing people than all of the other coins in this
discussion combined.
In the last example, the Mint intended to
honor a living person who, unfortunately,
did not survive to see the finished product.
The Presidential dollar series that began in
2007 was complemented by a First Spouse
series of $10 half-ounce gold coins honor-
US MINT
Although not specifically named, the astronaut on
this 2002 Ohio quarter could be Neil Armstrong,
who lived until 2012.
ing the presidents’ wives.
Because the authorizing legislation speci-
fied that only presidents who had been dead
for at least two years would be honored with
a dollar coin, that series should have ended
in 2016 with Gerald Ford. Jimmy Carter
remained alive, and the original intention
was not to skip over him in order to issue a
coin for the deceased Ronald Reagan.
Then, when the Mint decided to go ahead
with the Reagan dollar in 2016, it was unclear
whether the gold coin could be issued for
former First Lady Nancy Reagan, who was
still living at the time. The coin was made
and, as with several First Spouse designs,
she is depicted on both sides. Unlike Eunice
Shriver, however, Nancy was unable to attend
her own launch ceremony, as she died Mar. 6,
2016, only a few months before the coin went
on sale July 1 of the same year.
Although tradition and law usually keep
living people off coins and currency, enough
exceptions and “almosts” exist that more
are likely to appear in the future. The Postal
Service, for example, can now depict pres-
ent-day individuals on official stamps. As a
thought experiment, consider what eminent
person of today deserves a place on a new
United States coin.
David Schwager is a
knowledgeable collec-
tor of U.S. modern coins.
He gives presentations
at Los Angeles-area nu-
mismatic clubs and is
a regular contributor to
COINage and other pub-
licationsp.
29
1801 COIN CAPSULE by John Iddings

The Electoral College Faces Its First Crisis

O
ne of the greatest
U.S. presidents
took office after
one of the most serious con-
stitutional crises in Ameri-
can history.
America’s greatest jurist
took charge of the Supreme
Court and defined how the

STACK’S/BOWERS
PUBLIC DOMAIN

U.S. Constitution was to be

interpreted.
President Thomas Jefferson
And a man who was to
Oddly enough, the most famous U.S. coin
become one of America’s carrying the date 1801 wouldn’t be minted
most enduring legends set until decades later.
off barefoot into the wilder- The U.S. presidential election of 1800
sparked a constitutional crisis that wouldn’t
ness.
be solved until Feb. 17, 1801.
The year was 1801, and Democratic Republicans Thomas Jefferson
and Aaron Burr had won a clear victory over
the names to remember Federalists John Adams and Charles Pinck-
are Jefferson, Marshall and ney. But there was a tie vote in the Electoral
College between Burr and Jefferson.
“Appleseed.” You see, the electors hadn’t specified
The United States Mint whether their votes were for president or
vice president. So despite being the party’s
was doing pretty well in its vice presidential candidate, Burr had as many
votes for the office of president as Jefferson.
ninth year of operation. It The U.S. Constitution provides that in a case
was making a substantial where no candidate in a presidential election
wins a majority of the electoral votes, the elec-
amount of coinage and even tion must go to the House of Representatives,
produced the now-familiar where each state has one vote.
But Congress was dominated by Federalists,
Jefferson peace medal. who didn’t much like either of the Democratic
1801 Jefferson Indian Peace Medal
Republican candidates. Voting began on Feb.
11 and by Feb. 16, neither Jefferson nor Burr
could win the required nine states.
The crisis was resolved when a group of
Federalists, led by James A. Bayard of Dela-
ware, agreed that an orderly transfer of power
could be achieved only if the winning party
was given its choice of president.
On Feb. 17, on the 36th ballot, Jefferson
won the support of 10 states and was elected
president.
As a result of this ugly incident, the 12th
Amendment was added to the Constitution.
It specifies that electors are to “name in their
ballots the person voted for as president, and
in distinct ballots the person voted for as vice
president.”
The proof silver dollar of 1801 is joined
by the proof dollars of 1802 and 1803 as clas-
sic American rarities. All three are extremely
rare and valuable, even though they weren’t
made during the time period represented by
the dates on the coins.

30 www.coinagemag.com COINage

STACK’S/BOWERS
1801 Dollar
The book 100 Greatest U.S. Coins ranks
these three coins collectively as No. 80 on
its list. It also puts forth two possible time
periods when these coins might have been
produced.
One theory suggests they were made
around 1834, at about the same time the
Class I 1804 proof silver dollars were made,
because all three were made from the same
reverse die as the original 1804 dollars. This
explains why the 1801-03 proof dollars often
are referred to as “cousins” of the original
1804 silver dollars made for the famous King
of Siam proof set and a similar set presented
to the Imam of Muscat.
A second theory notes that the 1801-03
proofs share weights of about 420 grains each,
similar to the Trade dollars made from 1873
to 1885, indicating they might have been
made during that period.
John Dannreuther, a co-founder of the
Professional Coin Grading Service (PCGS)
and longtime board member of the Profes-
sional Numismatists Guild, has written that
the proof 1801-03 silver dollars shouldn’t be
called “restrikes.” The proper term, he says, is
“novodels,” which describes coins struck from
dies copied from the original dies.
Dannreuther thinks the most likely scenario
is that the 1801-03 proof dollars were made
from copied dies sometime between 1873
and 1876. The evidence includes the higher
quality of strike exhibited on the 1801-03
coins and the fact that all known examples
are in excellent condition and grade Proof-63
or higher.
No denomination appears on the obverse or
reverse surfaces of the coins, but the edge let-
February 2017
tering reads HUNDRED CENTS ONE DOL-
LAR OR UNIT. It is thought the edge lettering
was added after the coins were struck.
The exact mintages of these coins aren’t
known, although it is apparent that there are
only a few of each in existence.
The 1801-03 proof dollars rarely appear on
the market. If one of them were to be offered
in today’s auction climate, it probably would
attract a bid of more than $1.5 million.
Thomas Jefferson took office as third
president of the United States on Mar. 4, 1801,
and was the first president to be inaugurated
in Washington, D.C.
Jefferson promised to work toward “peace,
commerce and honest friendship with all
nations—entangling alliance with none.”
Former President John Adams considered
Jefferson to be a dangerous radical at the time
and refused to attend the ceremony.
In his inaugural address, however, Jefferson
attempted to dispel the notion held by many
1801 Draped Bust Large Cent
conservatives that democracy would lead to
mob rule.
“The will of the majority in all cases is to
prevail,” Jefferson said. However, “the minor-
ity possess their equal rights which equal
law must protect, and to violate would be
oppression.”
In a further olive branch offered to the
opposition, Jefferson proclaimed: “We are all
Republicans, we are all Federalists.”
Historians consider it one of the best inau-
gural speeches ever.
Jefferson was already planning ahead in
1801 for what would become the Lewis and
Clark Expedition.
One of the first things he did was to enlist
the help of the U.S. Mint.
Jefferson decided to send peace medals
along with the explorers as a tangible offer-
ing of goodwill to American Indian leaders
encountered along the way.
The War Department commissioned
engraver John Reich to design the medal in
1801. The obverse features a portrait of Jef-
ferson and the reverse depicts clasped hands
with the legend PEACE & FRIENDSHIP.
Jefferson didn’t invent the practice of giving
peace medals to Indian chiefs. In fact, the
practice had gone on for decades and was
used by the British, French and Spanish as
they tried to gain footholds in America.
But the Jefferson peace medal was the first
to bear the likeness of the U.S. president,
and it was the first to be struck like a coin, as
opposed to being engraved.
When Meriwether Lewis and William Clark
later visited the Indian chiefs of Missouri,
GOLDBERG
Continued on page 56
31
 2017
MARCH 2016
1856-1858 Flying Eagle Cents 1859-1909 Indian Head Cents
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65 G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
GuideFEBRUARY
1856 30 40 50 65 150 200 425 4250 1901 2 2.75 3.50 4 12 20 35 175
1857 30 40 45 50 175 225 500 4000 1902 2 2.75 3.50 4 12 20 35 175
1858/7 30 175 350 425 850 1500 3250 12000 1903 2 2.75 3.50 4 12 20 35 175
1858 (sm letters) 30 40 55 75 175 275 475 5000 1904 2 2.75 3.50 4 12 20 35 175
1858 (lg letters) 30 40 55 80 175 250 425 4500 1905 2 2.75 3.50 4 12 20 35 175

1859-1909 Indian Head Cents 1906 2 2.75 3.50 4 12 20 35 175

Guide

G04 VG10 F15 VF20 XF40 AU50 MS60 MS65 1907 2 2.75 3.50 4 12 20 35 175
1859 15 20 25 45 100 175 275 3750 1908 2 2.75 3.50 4 12 20 35 175
1860 10 15 20 35 75 100 200 1500 1908-S 65 90 100 125 150 200 250 775
1860 (point bust) 20 35 50 60 100 150 300 5000 1909 10 12 15 18 20 30 40 150
Price

1861 25 35 50 60 100 150 200 1750 1909-S 450 525 575 600 700 850 1000 2250
Price

1862 8 10 15 25 50 75 125 1275 1909-1958 Lincoln Wheat Cents

1863 8 10 15 25 50 75 125 1200 VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS66
1864 (cop, nickel) 20 30 40 60 90 100 200 1750 1909 V.D.P. 10 12 15 18 20 30 65 100

1864 (bz, rd bust, no L) 10 18 30 40 60 80 100 350 1909-S V.D.P. 825 950 1250 1250 1750 2000 3000 5250
COINage

1864 (bz, pt bust) 50 100 125 150 250 325 425 1750 1909 4 5 6 10 15 25 65 100
COINage

1865 8 15 20 25 45 55 100 450 1909-S 125 150 225 250 325 375 575 1000

1866 40 60 90 100 175 225 300 1000 1909-S (S/horz. S) 135 200 250 325 400 500 1000 -
1910 0.60 1 4 8 18 30 125 200
1867 50 80 100 125 175 225 275 1000
1910-S 20 30 45 65 100 175 275 -
1868 35 60 90 125 175 225 275 875
1911 1.25 2.50 8 10 20 50 150 275
1869 75 150 225 325 450 500 675 1500
1911-D 7 10 50 75 100 200 450 -
1869/9 200 500 700 800 900 1000 1200 2500
1911-S 50 55 75 100 200 325 775 1250
The

1870 75 150 225 300 425 475 575 1250

1912 2.25 2.50 12 25 40 60 125 300
1871 75 150 275 300 400 525 625 2000
The

1912-D 12 25 65 100 175 225 625 -

1872 100 225 325 400 550 675 775 2750
1912-S 30 40 80 100 200 300 875 1500
1873 (clsd 3) 25 50 75 100 200 250 400 1500
1913 1.25 3 18 25 40 60 175 625
1873 (clsd 3, DL) 300 800 1400 1600 2500 4000 8000 -
1913-D 4 10 50 70 100 225 525 900
1873 (open 3) 25 50 65 75 175 200 300 1000
1913-S 18 30 50 75 150 300 700 1250
1874 15 30 60 65 100 150 225 600 1914 1.75 5 20 35 55 75 250 -
1875 15 40 60 70 125 150 250 600 1914-D 250 400 900 1500 2250 3500 7250 12000
1876 30 50 100 125 200 250 325 700 1914-S 35 40 90 150 350 500 1250 -
1877 625 900 1250 1750 2500 2750 3750 8500 1915 4 15 50 60 90 125 350 575
1878 25 50 100 125 225 250 350 800 1915-D 4 8 25 45 80 125 275 575
1879 7 12 20 35 75 80 100 325 1915-S 25 30 65 100 200 575 1250 2500
1880 4 7 10 12 30 50 80 300 1916 0.75 2.50 8 12 18 45 100 125
1881 3 6 8 10 25 30 55 300 1916-D 2.50 5 15 30 70 150 550 1500
1882 3 6 8 10 25 30 55 275 1916-S 4 10 25 45 100 225 1000 2250

1883 3 6 8 10 25 30 55 250 1917 0.60 2 5 10 15 35 150 -

1884 4 7 10 12 30 45 80 350 1917 (dd obverse) 275 350 1250 2000 3000 4000 - -

1885 6 10 20 25 65 75 100 525 1917-D 2.5 5 25 40 80 150 375 1750

1886 3 15 40 50 150 175 200 1250 1917-S 1.25 3 10 25 85 200 1000 -

1918 0.50 1 4 8 15 35 150 325
1886 (1887 obv) 7 20 35 50 150 150 200 850
1918-D 1.75 5 12 30 75 150 625 -
1887 3 5 7 8 18 30 55 325
1918-S 1.75 4 12 30 100 250 1250 3500
1888/7 2000 4000 6500 8500 - - - -
1919 0.50 1 3 5 12 30 65 150
1888 2.50 5 7 8 25 30 70 650
1919-D 1.75 4 10 30 70 125 425 700
1889 2 3.50 5 6 15 25 50 300
1919-S 1.25 3 6 20 60 150 550 -
1890 2 3.50 5 6 12 25 50 350
1920 0.60 1.50 2.50 5 15 25 60 -
1891 2 3.50 5 6 12 25 50 275
1920-D 2.50 6 18 35 75 150 500 1250
1892 2 3.50 5 6 20 25 50 250
1920-S 1.25 3 10 35 100 225 1000 -
1893 2 3.50 5 6 18 25 50 225
1921 1.25 3 10 20 45 75 150 350
1894 5 10 15 20 40 55 75 425
1921-S 2.50 6 40 65 125 225 850 -
1894 (ddd) 25 60 125 175 300 400 900 7250 1922-D 20 25 40 65 100 200 425 -
1895 2 2.75 3.50 4 12 20 40 200 1922 (missing D) 800 1000 2250 4250 12000 28000 88000 -
1896 2 2.75 3.50 4 15 20 40 200 1923 0.75 1.50 5 8 15 30 125 200
1897 2 2.75 3.50 4 15 20 40 225 1923-S 7 12 45 85 225 475 1500 -
1898 2 2.75 3.50 4 15 20 40 175 1924 0.50 1 5 10 25 45 90 175
1899 2 2.75 3.50 4 15 20 40 175 1924-D 45 60 100 150 300 525 1250 3000
1900 2 2.75 3.50 4 12 20 35 175 1924-S 2.50 6 25 70 125 350 1500 -

32 www.coinagemag.com

Price_Feb17.indd 32 12/27/16 6:50 PM

 FEBRUARY
MARCH 20162017
1909-1958 Lincoln Wheat Cents 1909-1958 Lincoln Wheat Cents
VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS66 VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS66
1925 0.40 0.60 3 6 10 20 75 - 1947 0.06 0.10 0.25 0.30 0.40 1 5 12
1925-D 2.50 6 12 30 65 125 475 - 1947-D 0.06 0.10 0.25 0.30 0.40 0.75 7 15
1925-S 1.75 3 12 30 125 250 875 3750 1947-S 0.06 0.10 0.25 0.30 0.40 0.75 8 12
1926 0.40 0.60 2 4 10 20 40 85 1948 0.06 0.10 0.25 0.30 0.40 1 7 12
1926-D 2.50 6 15 30 75 150 675 - 1948-D 0.06 0.10 0.25 0.30 0.40 0.75 7 12

The
1926-S 10 15 30 60 275 525 3000 - 1948-S 0.06 0.10 0.25 0.30 0.75 1.75 7 12
1927 0.35 0.60 2 4 10 20 55 125 1949 0.06 0.10 0.25 0.30 0.40 1 5 12

The
1927-D 2.25 3 8 25 60 100 325 650 1949-D 0.06 0.10 0.25 0.30 0.40 1.25 5 18
1927-S 2.50 6 15 35 75 200 850 - 1949-S 0.06 0.10 0.25 0.30 1.25 3 7 18

COINage
1928 0.35 0.60 2 3 8 15 65 125 1950 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1928-D 1.75 4 5 15 35 70 275 - 1950-D 0.06 0.10 0.25 0.30 0.40 1.50 6 12

COINage
1928-S 1.75 4 10 25 70 150 350 - 1950-S 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1929 0.35 0.60 2 3 8 15 45 90 1951 0.06 0.10 0.25 0.30 0.50 1.50 6 10
1929-D 1.25 3 5 12 25 40 125 250 1951-D 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1929-S 1.75 3 6 12 20 35 80 150 1951-S 0.06 0.10 0.25 0.30 0.50 1.50 6 10
1930 0.35 0.60 1.25 2 6 10 25 40 1952 0.06 0.10 0.25 0.30 0.50 1.50 6 10

1930-D 0.50 1 2.50 4 15 30 50 100 1952-D 0.06 0.10 0.25 0.30 0.40 1.50 7 15

1930-S 0.55 1 2 5 10 15 35 70 1952-S 0.06 0.10 0.25 0.30 1.25 3 7 12

Price
1931 0.75 2 4 8 20 35 70 100 1953 0.06 0.10 0.25 0.30 0.40 1.50 6 12

1931-D 7 8 15 35 60 100 200 350 1953-D 0.06 0.10 0.25 0.30 0.40 1.50 6 10

Price
1931-S 100 100 125 125 175 200 300 525 1953-S 0.06 0.10 0.25 0.30 0.40 1.50 6 12
1954 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1932 2.50 4 5 12 18 30 45 75
1954-D 0.06 0.10 0.25 0.30 0.40 1.25 4 10
1932-D 2.25 3 5 12 18 30 50 125
1954-S 0.06 0.10 0.25 0.30 0.40 1 4 10
1933 2.25 3 6 12 20 30 45 80

Guide
1955 0.06 0.10 0.25 0.30 0.40 0.75 4 8
1933-D 4 6 12 18 25 35 50 100
1955 (dd date) 1250 1500 1750 2000 2500 3000 8500 -

Guide
1934 0.35 0.50 1 2.75 6 10 18 30
1955-D 0.06 0.10 0.25 0.30 0.40 0.75 3 8
1934-D 0.75 1.25 4 8 15 20 30 60
1955-S 0.06 0.10 0.25 0.30 0.40 1 4 7
1935 - 0.25 0.50 1 1.75 7 18 30
1956 0.06 0.10 0.25 0.30 0.40 0.75 6 12
1935-D 0.35 0.60 1 2.50 5 10 18 25
1956-D 0.06 0.10 0.25 0.30 0.40 0.75 5 12
1935-S 0.50 1 2 4.50 12 18 40 75
1957 0.06 0.10 0.25 0.30 0.40 0.75 3 10
1936 0.25 0.40 1 1.50 2.25 4 10 18
1957-D 0.06 0.10 0.25 0.30 0.40 0.75 3 18
1936 (dd obverse) 20 40 80 100 200 300 800 -
1958 0.06 0.10 0.25 0.30 0.40 0.75 3 10
1936-D 0.35 0.60 1 1.50 5 8 15 20
1958-D 0.06 0.10 0.25 0.30 0.40 0.75 3 10
1936-S 0.35 0.60 1 2 5 8 15 30
1937 0.35 0.60 1 1.50 2 3 7 15
1937-D 0.35 0.60 1 1.50 3 4 15 18
1937-S 0.35 0.60 1 1.50 3 8 12 25
1938 0.35 0.60 1 1.50 3 5 9 18
1938-D 0.35 0.60 1 1.50 3 5 12 18
1938-S 0.45 0.80 1 2 3 5 15 20
1939 0.35 0.60 1 1.50 2 3 8 20
1939-D 0.35 0.60 1 1.50 3 4 12 20
1939-S 0.35 0.60 1 1.50 3 4 10 25
1866-1883 Shield Nickels
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1940 0.35 0.60 0.75 1 2 3 4.5 18
1940-D 0.35 0.60 1 1.50 2 3 10 15 1866 30 50 80 150 225 325 2000 -
1940-S 0.35 0.60 1 1.50 2 3 10 18 1867 (with rays) 40 55 100 200 250 400 3500 35000
1941 0.35 0.60 1 1.50 2 3 8 12 1867 (w/o rays) 20 30 40 65 100 150 800 -
1941-D 0.35 0.60 1 1.50 2 3 6 12 1868 20 30 40 70 100 150 800 -
1941-S 0.35 0.60 1 1.75 2 3 10 18
1869 20 30 40 70 100 150 800 10000
1942 0.35 0.60 0.75 1 1.25 3 7 12
1870 25 45 60 90 100 175 2000 10000
1942-D 0.35 0.60 0.75 1 1.25 3 10 18
1871 80 125 200 300 325 450 2500 -
1942-S 0.40 0.75 1 1.50 5 8 12 15
1943 Steel 0.15 0.30 0.5 0.60 1 3.50 25 50 1872 20 35 60 90 100 175 1750 22500

1943-D steel 0.45 0.60 0.75 1 1.50 8 25 50 1873 (closed 3) 40 60 100 150 225 300 2750 -
1943-D steel (DD) 45 60 100 150 200 300 - - 1873 (open 3) 20 35 50 75 100 150 2250 -
1943-S steel 0.20 0.50 0.75 1 3.50 12 30 65 1874 20 35 75 100 100 200 1750 -
1944 0.06 0.10 0.15 0.25 0.50 3.5 10 12 1875 30 50 85 125 150 250 1500 -
1944-D 0.10 0.20 0.25 0.30 0.50 1.75 10 15
1876 25 50 85 125 150 200 1500 -
1944-D (D/S) - - - - - 475 800 1500
1879 300 550 750 975 1000 1500 3500 14000
1944-S 0.06 0.10 0.25 0.30 0.40 1.75 8 12
1880 1000 1750 3000 6250 7000 12000 75000 -
1945 0.06 0.10 0.25 0.30 0.40 1.75 8 12
1945-D 0.06 0.10 0.25 0.30 0.50 1.50 8 15 1881 250 350 500 700 850 1000 2750 7750

1945-S 0.06 0.10 0.25 0.30 0.40 2.25 10 15 1882 15 25 40 65 95 150 700 5000
1946 0.06 0.10 0.25 0.30 0.40 1.50 7 15 1883 15 25 40 65 95 150 675 4500
1946-D 0.06 0.10 0.25 0.30 0.40 0.75 7 15 1883 (3/2) 200 350 800 1250 1500 2000 10250 22500
1946-S 0.06 0.10 0.25 0.30 0.40 1 7 12
Continued on next page
33

Price_Feb17.indd 33 12/27/16 6:50 PM

 2017
MARCH 2016
1883-1912 Liberty Head Nickels
VG10 VF20 XF40 AU50 MS60 MS65 MS66 MS67
GuideFEBRUARY
1911 3 12 30 60 85 525 1250 -
1912 3 12 30 60 85 525 1500 -
1912-D 12 40 75 175 300 2000 5500 18000
1912-S 200 500 975 1250 1500 3000 5500 20000

1913-1938 Indian Head Buffalo Nickels

1866-1883 Shield Nickels Proofs VG10 VF20 XF40 AU50 AU55 MS60 MS65 MS67
PR60 PR61 PR62 PR63 PR64 PR65 PR66 PR67 1913 (5¢ in recess) 12 15 20 25 30 35 350 5000
Guide

1866 1250 1500 1750 2000 2250 3000 5000 18000 1913-D (5¢ in recess) 18 30 40 55 65 75 300 2750
1867 (w/rays) 18000 20000 25000 35000 42750 62500 75000 - 1913-S (5¢ in recess) 425 500 600 700 750 900 4500 25000
1867 (w/o rays) 225 275 325 500 1250 2250 4500 - 1914 20 25 35 40 45 55 525 7250
1868 250 275 300 375 600 1250 2250 4250 1914/3 300 500 700 1250 2000 3000 - -
Price

1869 225 275 300 375 550 950 1500 3750 1914-D 160 200 250 300 400 500 1500 -
1870 225 275 300 375 525 1000 2500 - 1914-S 40 60 80 125 150 200 2000 -
Price

1871 225 275 300 400 550 1000 1500 6250 1915-D 35 50 100 150 200 250 1800 -
1872 225 250 300 375 500 700 1250 5000 1915-S 80 200 375 525 575 675 3500 40000
1873 (clsd 3) 225 250 300 350 500 700 1250 6500 1916 6 8 12 20 35 50 325 -
1873 (open 3) 225 250 300 350 525 825 1250 5000 1916 (dd obv) 7000 12750 25000 32000 38000 85000 - -
COINage

1874 225 250 300 350 525 825 1250 5000 1916-D 30 30 90 100 125 175 2000 -
1875 225 275 325 400 625 1250 2750 -
COINage

1916-S 20 40 75 125 150 200 2000 22000

1876 225 250 300 350 525 825 1250 6500 1917 8 10 15 25 50 80 500 -
1877 3000 3250 3250 3750 4250 5250 6250 12000 1917-D 40 60 100 200 300 400 2500 -
1878 1500 1750 1750 1750 2000 2000 2000 3000 1917-S 40 100 125 250 400 500 5000 -
1879 325 350 375 450 600 800 1250 2750 1918 7 12 25 40 60 100 1200 -
1880 300 325 425 475 550 700 950 2000 1918-D 45 125 225 325 400 500 4250 45000
1881 250 275 325 375 475 675 925 1750 1918/7-D 2000 5000 9000 12000 22000 35000 265000 -
1882 200 250 300 350 450 675 925 1750 1918-S 30 80 150 250 400 500 - -
The

1883 200 250 300 350 450 675 925 1750 1919 4.50 8 15 25 50 75 500 -
The

1883-1912 Liberty Head Nickels 1919-D 30 100 250 350 450 650 6500 -

VG10 VF20 XF40 AU50 MS60 MS65 MS66 MS67 1919-S 30 100 250 375 450 625 15000 -
1920 2.75 6 15 25 35 65 800 10000
1883 (w/ Cents) 35 55 80 125 175 675 1500 15000
1920-D 25 100 275 400 450 600 6250 -
1884 35 60 100 125 200 1750 3500 14000 1920-S 20 100 225 300 450 600 - -
1885 750 1000 1500 1750 2500 12000 20000 95000 1921 8 20 40 80 100 125 800 -
1921-S 100 300 700 1250 1500 1800 7500 -
1886 425 550 700 850 1250 7250 28000 -
1923 3.50 8 15 35 45 60 625 7750
1887 25 40 75 100 150 1000 3500 - 1923-S 12 100 275 325 425 625 10250 -
1888 50 100 175 225 300 1250 7250 - 1924 3 10 25 40 50 75 750 16000
1924-D 20 100 225 325 400 525 5000 -
1889 25 50 80 125 150 850 3500 9500
1924-S 50 400 1250 1750 2000 2500 12000 70000
1890 20 40 75 100 175 1250 3750 -
1925 3.50 8 20 25 35 45 400 10000
1891 15 40 75 100 150 1250 2500 - 1925-D 30 100 150 250 300 400 5000 -
1892 15 40 75 100 150 1000 3500 - 1925-S 12 80 150 250 300 400 - -
1926 2.75 5 12 20 25 35 225 3250
1893 15 40 75 100 150 1000 3500 12500
1926-D 20 100 200 250 300 400 4500 -
1894 40 150 225 300 375 1500 2500 9500 1926-S 60 400 875 2500 3500 5000 100000 -
1895 15 40 75 125 150 2250 5500 - 1927 2.25 5 12 20 25 35 275 6000
1927-D 6 20 60 120 130 150 7000 -
1896 25 60 100 150 200 2000 9750 -
1927-S 4.50 35 100 200 325 625 20000 -
1897 6 25 50 65 100 875 3250 15000
1928 2.75 5 15 20 25 35 325 7750
1898 6 25 50 70 125 800 2250 - 1928-D 2.50 12 45 50 55 60 725 18000

1899 4 20 30 60 90 575 1500 12500 1928-S 2.50 12 30 100 175 225 3750 25000
1929 2.25 5 12 20 25 35 325 28000
1900 4 20 30 60 85 550 1500 15500
1929-D 2.25 5 35 45 50 65 1250 30000
1901 3 12 30 60 85 525 1500 18000 1929-S 6 12 35 45 55 65 325 -
1902 3 12 30 60 85 525 1250 12000 1930 2.25 5 10 20 25 30 225 -
1930-S 2.25 5 12 30 45 60 425 -
1903 3 12 30 60 85 525 1250 12000
1931-S 18 20 35 50 60 65 325 32000
1904 3 12 30 60 85 525 1000 7500 1934 2.50 5 12 18 25 45 300 4250
1905 3 12 30 60 85 525 1000 - 1934-D 2.50 10 20 25 50 60 225 4250
1935 2.50 5 8 10 12 20 125 1750
1906 3 12 30 60 85 650 3750 -
1935 (dd reverse) 90 200 800 1500 2500 5000 - -
1907 3 12 30 60 85 775 2000 -
1935-D 2.50 10 20 40 50 65 400 6000
1908 3 12 30 60 85 1000 3500 9500 1935-S 2.50 5 8 18 20 45 200 3750
1909 3 12 30 75 100 950 2500 - 1936 2.50 5 8 10 15 18 75 800
1936-D 2.50 5 6 12 18 25 125 -
1910 3 12 30 60 85 675 3750 15000
1936-D (3 1/2 legs) 1600 4000 6500 - - - - -

34 www.coinagemag.com

Price_Feb17.indd 34 12/27/16 6:51 PM

 FEBRUARY 2017
1913-1938 Indian Head Buffalo Nickels
VG10 VF20 XF40 AU50 AU55 MS60 MS65 MS67
1936-S 2.50 5 8 12 18 35 100 1500
1937 2.50 5 8 10 12 18 60 450
1937-D
1937-D (3 legs)
2.50
700
5
900
8
1000
12
1250
18
1500
25
2250
60
38000
725
130000 GOLD & SILVER
1937-S
1938-D
2
4
3
5
8
6
12
8
18
12
30
20
65
55
1000
175
Investor’s Guide
1938-D (D/D) 6 10 12 18 20 30 90 800

The COINage Price Guide

1938-D (D/S) 6 10 20 30 35 55 150 875
This special
Gold & Silver issue is
a broad collection of
articles and analysis of
1892-1916 Barber Dimes today’s market.
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1892 8 12 20 25 30 60 120 600
1892-O 12 30 50 60 80 100 150 1250
1892-S 80 175 200 225 275 300 400 4000
1893 8 15 25 30 50 75 175 1000
1893/2 125 175 225 250 300 400 800 5500
1893-O 30 100 140 150 200 250 300 2500
1893-S 15 30 45 50 50 150 300 3000
1894 30 100 135 150 200 250 300 1200
1894-O 80 200 250 300 450 550 1600 -
1895 80 300 400 450 500 600 700 2250
1895-O 425 800 1300 1500 2800 4000 5500 23000
1895-S 40 125 175 200 250 300 500 6500
1896 12 50 70 80 100 125 175 1400
1896-O 80 250 350 400 500 600 1000 9000
1896-S 80 250 325 350 400 500 800 4000
1897 4 7 12 15 30 60 150 600
1897-O 60 250 350 400 500 600 1000 4500
1897-S 20 80 125 150 200 250 500 3500
1898 4 6 12 15 30 60 150 600
able
1898-O 12 80 125 150 250 300 500 3250
Now Avail
Format
in Digital
1898-S 8 30 45 50 80 150 400 3500
1899 4 7 12 15 25 60 125 600
1899-O 10 50 100 125 175 250 400 4250
Only $2!
1899-S 8 20 35 40 50 100 300 2750
1900 4 7 10 12 25 60 125 650
1900-O 20 90 150 175 250 400 600 5000
1900-S 4 8 15 20 30 75 150 1650 order online
1901 4 7 10 12 30 60 125 700
1901-O 4 12 20 30 75 200 500 4250
WWW.COINAGEMAG.COM
1901-S 75 300 400 500 600 700 1000 4800
Or send $7.87* (includes p&h)
1902 4 7 8 10 25 60 125 600
1902-O 4 12 25 40 75 150 400 4500 check or money order payable to
1902-S 8 45 80 125 150 200 400 3500
1903 4 7 8 10 30 60 125 1000 COINage along with your name
1903-O 4 12 20 25 60 100 250 4500
1903-S 80 300 400 500 700 800 1250 2800
and mailing address to:
1904 4 7 8 10 30 60 125 1300
GOLD & SILVER: Investor’s Guide • c/o
1904-S 40 150 225 250 350 500 750 4500
1905 4 7 8 10 30 60 125 700 Beckett Media, LLC • 4635 McEwen Rd,
1905-O (large O) 4 30 50 60 100 150 300 1500
Dallas, TX 75244
1905-O (small O) 40 60 125 175 250 400 1800 12000
1905-S 4 8 15 20 50 100 200 1000 *TX residents add 8.25% tax; Canadian/Foreign orders,
1906 4 4.50 6 8 25 60 100 650 please add $5.00.
1906-D 4 7 10 15 40 80 150 1500
1906-O 4 35 60 80 100 125 200 1200
1906-S 4 12 20 25 50 100 250 1250
1907 4 4.50 6 8 25 60 100 625
1907-D 4 8 10 12 50 100 300 2250

Continued on next page

35

Price_Feb17.indd 35 12/27/16 6:51 PM

 2017
MARCH 2016
1892-1916 Barber Dimes
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
GuideFEBRUARY
1907-O 4 20 40 50 70 100 200 1250
1907-S 4 12 20 30 70 150 400 2200
1908 4 4.50 6 8 25 60 100 650
1908-D 4 4.50 6 10 30 60 125 900
1908-O 4 35 60 75 100 150 300 1500
1908-S 4 8 15 25 50 150 300 1800
1916-1945 Mercury Dimes
1909 4 4.50 6 8 25 60 100 600 G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
Guide

1909-D 8 45 80 125 150 250 500 2500 1916 3 4 8 12 25 30 45 100

1909-O 4 10 20 25 50 100 200 1600 1916-D 1000 2250 4500 6000 9000 - - -
1909-S 8 75 125 150 200 300 500 2500 1916-S 3 8 15 25 30 50 60 200
1910 4 4.50 6 10 25 60 100 600 1917 3 4 6 8 15 50 60 150
Price

1910-D 4 8 12 25 50 100 200 1500 1917-D 3 10 30 60 80 250 300 1000

1910-S 4 35 60 75 125 225 400 2300 1917-S 3 4 8 15 30 150 175 425
Price

1911 4 4.50 6 8 25 60 100 850 1918 3 4 12 40 50 80 100 425

1911-D 4 4.50 6 8 30 60 100 850 1918-D 3 5 12 30 50 200 250 700
1911-S 4 8 12 20 40 100 200 1000 1918-S 3 4 12 25 40 200 250 750
1912 4 4.50 6 8 25 60 100 650 1919 3 4 6 12 25 150 175 350
COINage

1912-D 4 4.50 6 8 25 60 100 725 1919-D 3 12 30 50 80 350 425 1400

1912-S 4 5.50 10 15 40 100 150 850 1919-S 3 10 20 40 80 400 450 1250
COINage

1913 4 4.50 6 8 25 60 100 650 1920 3 4 6 8 15 60 70 250

1913-S 30 80 150 225 250 300 450 1400 1920-D 3 4 10 25 50 300 325 600
1914 4 4.50 6 8 25 60 100 650 1920-S 3 5 10 20 40 250 300 1400
1914-D 4 4.50 6 8 25 60 100 650 1921 60 100 250 550 900 1200 1700 3500
1914-S 4 8 12 20 40 80 150 1200 1921-D 80 150 400 600 1000 1500 2100 3200
1915 4 4.50 6 8 25 60 100 650 1923 3 4 6 8 15 30 40 100
1915-S 8 30 45 50 75 150 250 1500 1923-S 3 6 20 80 100 175 350 1200
The

1916 4 4.50 6 8 25 60 100 650 1924 3 4 6 15 30 40 75 180

1916-S 4 4.50 6 8 25 60 100 650 1924-D 3 8 25 60 100 175 425 900
The

1924-S 3 4 12 60 100 200 450 1100

1925 3 4 6 10 15 30 80 200
1925-D 3 12 50 150 200 350 750 1800
1925-S 3 6 20 80 100 200 500 1500
1926 3 4 6 8 12 25 60 225
1926-D 3 4 12 30 50 125 275 600
1926-S 12 20 75 300 400 1000 1800 3000
1927 3 4 6 8 12 30 50 150
1892-1915 Barber Dimes Proofs 1927-D 3 6 25 80 100 175 400 1400
PR61 PR62 PR63 PR64 PR65 PR66 PR67 PR68 1927-S 3 4 12 30 50 300 500 1600
1892 400 450 650 975 1500 2250 4500 - 1928 3 4 6 8 15 30 40 125

1893 450 650 975 1500 2250 4500 10500 - 1928-D 3 10 25 75 100 175 325 900
1928-S (large S) 4 6 12 40 80 250 400 800
1894 400 450 625 950 1500 2250 4250 10750
1928-S (small S) 3 4 6 20 40 160 300 500
1894-S 365000 500000 1200000 1850000 2350000 2900000 - -
1929 3 4 6 8 10 20 30 60
1895 400 475 675 975 1750 2000 4500 12000 1929-D 3 4 8 12 20 30 35 80
1896 400 450 650 950 1750 2000 4500 - 1929-S 3 4 6 8 20 30 45 125
1897 400 450 650 950 1500 2000 4250 12000 1930 3 4 6 8 15 30 45 125
1898 400 450 625 950 1500 2000 4250 12000 1930-S 3 4 6 20 50 80 125 200

1899 400 450 625 950 1500 2000 4500 12000 1931 3 4 6 15 25 40 70 130
1931-D 8 12 20 50 60 90 110 275
1900 400 450 625 950 1500 2000 4250 10750
1931-S 3 4 12 25 50 100 125 275
1901 400 450 625 950 1500 2000 4500 -
1934 2 2.50 4 6 10 30 40 60
1902 400 450 625 950 1500 2000 5000 15000 1934-D 2 2.50 4 15 30 40 50 80
1903 400 450 625 950 1500 2000 4750 14000 1935 2 2.50 4 5 8 10 20 35
1904 400 450 625 950 1500 2000 4500 10750 1935-D 2 2.50 4 15 25 40 50 80
1905 400 450 625 950 1500 2000 4250 10500 1935-S 2 2.50 4 6 15 25 30 40

1906 400 450 625 950 1500 2250 4250 12000 1936 2 2.50 4 5 6 10 15 30
1936-D 2 2.50 4 8 15 30 35 50
1907 400 450 625 950 1500 2250 4500 12000
1936-S 2 2.50 4 6 15 25 30 40
1908 400 450 625 950 1500 2000 4500 12000
1937 2 2.50 4 5 6 8 15 25
1909 400 450 625 975 1500 2000 4500 12000 1937-D 2 2.50 4 5 12 25 30 45
1910 400 450 625 950 1500 2000 4500 12500 1937-S 2 2.50 4 5 12 25 30 40
1911 400 450 625 950 1500 2000 4500 12500 1938 2 2.50 4 5 8 12 15 30
1912 400 450 625 950 1500 2000 5000 12000 1938-D 2 2.50 4 5 12 15 20 30

1913 400 450 625 950 1500 2000 4750 10750 1938-S 2 2.50 4 5 12 20 25 35
1939 2 2.50 4 5 6 10 15 30
1914 400 450 625 975 1500 2000 5250 14000
1939-D 2 2.50 4 5 6 8 12 20
1915 400 450 625 975 1750 2500 5500 -

36 www.coinagemag.com

Price_Feb17.indd 36 12/27/16 6:51 PM

 FEBRUARY 2017
1916-1945 Mercury Dimes
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
1939-S 2 2.50 4 5 15 25 30 45
1940 2 2.50 4 5 6 8 10 25
1940-D 2 2.50 4 5 6 8 12 30
1940-S 2 2.50 4 5 6 8 12 30
1941 2 2.50 4 5 6 8 12 25
1941-D 2 2.50 4 4.50 5 6 12 25
1941-S (large S) 4 6 15 25 30 110 - -

The COINage Price Guide

1941-S (small S) 2 2.50 4 4.50 5 6 12 25
1942/1 500 575 650 800 1250 3000 4500 -
1942 2 2.50 4 4.50 5 6 12 25
1942/1-D 500 575 650 800 1250 3000 5000 9000
1942-D 2 2.50 4 4.50 5 8 12 25
1942-S 2 2.50 4 4.50 5 8 15 25
1943 2 2.50 4 4.50 5 8 12 25
1943-D 2 2.50 4 4.50 5 8 12 25
1943-S 2 2.50 4 4.50 5 8 12 25
1944 2 2.50 4 4.50 5 8 12 25
1944-D 2 2.50 4 4.50 5 8 12 20
1944-S 2 2.50 4 4.50 5 8 12 25
1945 2 2.50 4 4.50 5 8 12 20
1945-D 2 2.50 4 4.50 5 8 12 20
1945-S (large S) 2 2.50 4 4.50 5 8 12 20
1945-S (small S) 3 4 8 12 20 30 40 100

1936-1942 Mercury Dimes Proofs

PR60 PR61 PR63 PR64 PR65 PR67 PR68 PR69
1936 350 575 900 1000 1500 5000 28000 -
1937 - 275 450 475 575 1000 5000 -
1938 - 200 250 675 325 750 10000 18500
1939 125 150 200 250 275 450 2500 -
1940 125 150 175 225 250 475 4500 15750
1941 125 150 175 200 225 475 4500 -
1942 125 150 175 200 225 475 3250 20000

1838-1891 Seated Liberty Quarters

G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1838 30 45 75 100 375 650 1250 36500
1839 30 45 75 100 375 650 1250 38000
1840-O (w/o drape) 40 60 100 125 425 700 1250 48500
1840 (w/drape) 30 40 75 100 225 350 800 14500
1840-O (w/drape) 35 80 150 200 350 525 1100 17500
1841 55 75 150 175 275 400 950 11000
1841-O 30 40 75 85 200 325 750 10000
1842-O (lg date) 80 100 275 300 400 750 1750 14500
1843 500 1500 2250 2750 4500 9000 25000 -
1843-O 30 35 40 45 75 200 400 6750
1844 30 50 100 150 400 825 2250 -
1844-O 30 35 40 45 100 225 450 8250
1845 30 45 75 100 200 375 1250 8000
1846 30 35 40 45 100 200 500 6250
1847 30 35 45 50 200 275 525 10000
1847-O 30 35 40 45 80 200 500 6750
1848 35 80 150 200 500 1750 3750 -

Continued on next page

37

Price_Feb17.indd 37 12/27/16 6:52 PM

 2017
MARCH 2016
1838-1891 Seated Liberty Quarters 1838-1891 Seated Liberty Quarters
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65 G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
GuideFEBRUARY
1849 40 75 150 175 275 475 1000 - 1875 25 30 35 40 60 150 250 1750
1849-O 30 35 50 75 150 300 700 13500 1875-CC 100 225 350 450 825 1250 4000 30000
1850 550 1000 1750 2250 4000 5750 10000 - 1875-S 40 60 75 80 175 250 600 3250
1850-O 30 50 100 125 200 350 850 10500 1876 25 30 35 40 60 150 250 1750
1851 30 75 125 150 250 600 1500 15000 1876-CC 50 75 100 120 150 300 550 5500
1851-O 35 100 150 200 275 400 1000 8000 1876-S 25 30 35 40 60 150 250 2250
1852 200 450 750 950 1750 3000 5750 - 1877 25 30 35 40 60 150 250 1750
Guide

1852-O 40 70 100 175 275 400 750 6250 1877-CC 50 70 90 100 150 250 450 2500
1853 (recut date) 200 400 1000 1250 2750 4250 12500 - 1877-S 25 30 35 40 60 150 250 1750
1853 350 750 1100 1250 1750 2500 3750 11000 1877-S (S/horz S) 25 60 100 150 250 350 700 4250
1853/4 30 35 40 50 150 325 900 17000 1878 25 30 35 40 60 150 275 2750
Price

1853-O 40 80 150 200 400 1000 2000 45000 1878-CC 60 90 120 140 150 250 550 3500
1854 30 50 75 85 300 1250 3000 25000 1878-S 150 300 400 450 800 1000 2000 -
Price

1854-O 25 30 35 40 75 250 475 9000 1879 175 245 300 325 375 450 575 1750
1854-O (lg O) 30 35 50 60 125 275 900 10000 1880 150 250 300 325 375 450 575 2000
1855 800 2000 3500 4250 7500 11500 - - 1881 200 250 300 330 400 450 550 2250

1855-O 30 35 40 45 75 250 475 8900 1882 225 270 300 330 400 450 600 2250
COINage

1855-S 40 75 200 250 475 1250 3000 - 1883 225 270 300 330 400 450 600 2500

1856 45 80 175 225 550 1250 2500 29500 1884 225 350 500 550 550 600 725 2250
COINage

1856-O 30 35 40 45 80 175 275 4000 1885 150 225 275 300 400 475 600 2750

1856-S 25 30 50 60 100 300 925 9000 1886 325 500 600 650 675 750 925 3250
1887 225 350 425 450 500 550 700 2500
1856-S/S 60 250 300 350 1500 2250 5000 -
1888 200 300 375 425 475 525 650 2000
1857 150 350 1000 1250 2500 3500 - -
1888-S 25 30 35 40 60 150 400 4000
1857-O 30 35 40 45 75 200 300 4000
1889 200 300 325 350 425 475 600 1750
1857-S 30 35 40 45 125 400 1000 -
1890 60 75 125 125 200 300 450 1750
1858 100 200 325 400 700 1250 3000 -
The

1891 25 30 35 40 60 150 250 1750

1858-O 25 30 40 45 75 150 300 4000
1891-O 175 450 650 750 1000 1250 4750 26500
The

1858-S 30 35 50 60 150 400 1500 24000

1891-S 30 35 40 45 75 150 300 2250
1859 75 200 600 800 2750 3750 13500 -
1859-O 30 35 40 45 80 200 575 7250
1859-S 150 300 600 900 3250 9750 40000 -
1860 30 35 45 50 85 200 450 4500
1860-O 30 45 60 70 125 375 950 13000
1860-S 450 1500 3000 4000 15000 25000 45000 -
1861 30 30 40 45 80 200 300 3500
1861-S 100 200 450 750 4000 9000 25000 -
1862 30 35 45 50 100 175 350 4350
1862-S 75 200 350 475 875 1500 3500 - 1858-1891 Seated Liberty Quarters Proofs
PR61 PR62 PR63 PR64 PR65 PR66 PR67 PR68
1863 45 60 100 150 250 375 650 4750
1858 1250 1500 1750 3000 8000 25000 58000 -
1864 80 125 200 225 350 450 775 5000
1859 775 1000 1500 2500 5000 9500 25000 -
1864-S 450 850 1750 2250 3500 4750 12500 -
1860 725 975 1500 2500 5000 9250 28000 55000
1865 75 125 200 225 350 450 850 6750
1861 700 975 1500 2500 5000 9500 28000 -
1865-S 100 200 300 400 800 1250 2750 12000
1862 700 950 1500 2500 5000 9500 28000 -
1866 450 700 1000 1100 1500 1700 2250 6750
1863 700 925 1500 2500 5000 9500 28000 -
1866-S 300 600 1200 1400 1750 2500 3750 17500
1864 725 950 1500 2500 5000 9500 22000 48000
1867 275 450 675 850 1300 1500 1900 -
1865 700 950 1500 250 5250 9750 25000 40000
1867-S 250 650 1000 1250 3000 7000 14000 -
1866 500 700 1000 1500 2750 4250 7750 -
1868 150 250 325 375 500 550 900 7250
1867 525 700 1000 1500 2500 4000 7000 -
1868-S 100 250 375 450 775 1500 3250 15000
1868 500 700 1000 1500 3250 15500 - -
1869 300 500 625 700 925 1000 1750 7500
1869 525 700 1000 1500 3000 4750 8250 -
1869-S 100 250 400 475 850 1500 2750 15500
1870 500 675 1000 1500 3000 4500 7250 -
1870 55 100 175 200 300 400 850 6500
1871 475 675 1000 1500 2750 3750 7500 -
1870-CC 8500 16500 20000 25000 40000 55000 75000 -
1872 475 675 1000 1500 2750 3750 7500 25000
1871 30 50 80 125 225 350 725 7500
1873 (clsd 3) 475 675 1000 1500 2750 3750 7000 25000
1871-CC 3250 8750 12000 15500 26500 40000 66500 -
1873 (w/arrows) 825 1000 1750 3500 8000 12000 35000 50000
1871-S 400 675 1000 1100 1500 2750 4450 11500
1874 850 1000 1750 3500 8000 12000 28000 55000
1872 30 65 80 90 175 300 600 7350
1875 450 650 950 1250 2250 3750 7000 15000
1872-CC 1250 2500 4500 6000 13000 20000 44500 -
1876 475 625 950 1250 2250 3750 6750 -
1872-S 850 1750 2750 3250 5000 6750 8750 52500
1877 475 650 950 1250 2250 3500 6500 -
1873 (clsd 3) 250 500 675 800 1750 2750 7500 -
1878 475 625 950 1250 2250 3500 6750 -
1873 (open 3) 35 50 125 135 175 250 450 5750 1879 475 625 950 1250 2250 3500 7750 -
1873 (w/arrows) 25 30 40 60 200 425 725 4000 1880 475 625 950 1250 2250 3250 6000 18000
1873-CC (w/arrows) 3000 8000 13000 16500 26500 47500 93500 - 1881 475 625 950 1250 2250 3250 6000 18000
1873-S 30 60 125 175 325 525 1500 20000 1882 475 650 950 1250 2250 3250 6000 18000
1874 30 35 40 60 200 400 725 3500 1883 475 625 950 1250 2250 3250 6000 18000
1874-S 30 45 75 100 300 500 900 3500

38 www.coinagemag.com

Price_Feb17.indd 38 12/27/16 6:52 PM

 FEBRUARY 2017
1858-1891 Seated Liberty Quarters Proofs
PR61 PR62 PR63 PR64 PR65 PR66 PR67 PR68
1884 475 625 950 1250 2250 3250 6000 18000
Wholesale

MORGAN DOLLARS
1885 475 625 950 1250 2250 3250 5750 15000
RARE DATE
1886 475 625 950 1250 2250 3250 6000 18000 SCARCE DATE
1887 475 625 950 1250 2250 3250 5750 18000
ChAU BU
1888 475 625 950 1250 2250 3250 6000 18000 1892-O 85. 199.
1889 475 625 950 1250 2250 3250 5750 18000 1892-CC 595. 975.

OLESALE
1893 359. 479.
1890 475 625 950 1250 2250 3250 5750 18000
WH ChAU BU
1893-O 750. 1295.

The COINage Price Guide

1891 475 625 950 1250 2250 3250 5750 18000 1893-CC 1995. 2995.
1894 1595. 2595.
1878-CC 259. 349.
1878-S 45. 65. 1894-O 189. 339.
1880-O 42. 65. 1894-S 299. 575.
1882CC 119. 219. 1895-O 695. 1795.
1883CC 119. 219. 1896-O 89. 299.
1883-S 79. 249. 1896-S 359. 795.
1884-S 99. 649.
1885-S 89. 259. 1897-O 79. 249.
1886-S 135. 259. 1898-S 85. 195.
1886-O 75. 239. 1899 239. 299.
1887-S 69. 119. 1901 199. 579.
1888-S 189. 275.
1889-S 89. 199. 1901-S 179. 395.
1889-CC 2,500. 5,300. 1902 44. 59.
1890-CC 199. 339. 1902-S 219. 395.
1891-O 75. 149. 1903 52. 75.
1892-1916 Barber Quarters 1891-CC 199. 319. 1903-S 675. 2,395.
1891-S 42. 59.
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65 1892 89. 159. 1904 52. 75.
1892-S 495. 2,595. 1904-S 489. 895.
1892 12 15 45 75 125 200 475 1225
WHOLESALE MORGAN SILVER DOLLARS
1892-O 15 35 65 100 175 325 475 1500 B.U. Ch.B.U.
1892-S 40 75 150 200 325 450 925 4675 (3) Diff. Dates. $119 $149
(5) Diff. Dates 195 249
1893 10 15 40 75 125 225 475 1550 (10) Diff. dates 389 495
1893-O 12 20 60 125 175 275 475 2000 Common & Better Dates Of Our Choice
TERMS OF SALE: All coins guaranteed genuine.
1893-S 20 55 125 200 350 450 1050 6800 Add $9 to all orders under $500 for P. & I. Thirty day return period
1894 12 20 50 100 150 250 475 1225 Coins removed from original holders are considered sold.
Grading by Photograde, & A.N.A. grading guide.
1894-O 12 35 85 150 225 350 675 1975 Combined with 48 years of Numismatic Expertise.
1894-S 12 20 75 125 200 325 750 2625 Established 1968
1895
1895-O
12
12
20
35
40
80
80
150
125
225
225
425
475
950
1800
2500
ANTIQUES & COINS
P.O. Box 1226-CA, Palm Harbor, FL 34682
1895-S 20 60 150 200 275 425 1050 3600
Credit Card Orders Phone Toll Free
1896 12 18 45 85 150 250 475 1225
1896-O 65 150 375 650 950 1200 1825 6825
1-800-Money-21
Inquiries 727-785-7104
1896-S 850 2250 4000 5500 7500 10500 17500 50000
1897 12 15 35 75 125 225 475 1425
E-mail Orders 24-7
antiquesandcoins@aol.com
1897-O 45 125 400 450 625 850 1850 3350
1897-S 125 250 475 650 950 1425 2000 6600
1898 12 15 35 75 125 200 475 1225
1898-O 15 60 150 300 450 650 1675 9100
1898-S 12 30 75 100 225 425 1550 6800
1899 12 15 35 75 125 200 475 1225
1899-O 15 30 75 150 300 425 775 2850
1899-S 25 65 100 150 275 425 1550 3900
1900 12 18 40 75 150 275 475 1275
1900-O 15 50 125 175 350 575 875 3725
1900-S 12 20 50 80 150 400 1100 5025
WE’RE YOUR SOURCE FOR THE
1901 30 45 75 90 125 200 475 1525
1901-O 75 175 400 650 875 1000 2000 5400 BEST PRICED
1901-S 5500 15000 28000 32250 40250 43500 50500 75000 2017 SILVER EAGLES
1902 7 15 30 75 125 200 475 1225
1902-O 10 25 85 150 225 475 1300 4150 Fresh from the U.S. Mint
1902-S 15 35 90 175 250 525 975 3525 and available in Singles, Rolls,
1903 8 15 35 75 125 200 475 2150 500 Piece Mint Cases,
1903-O 10 25 60 150 250 425 1150 4850 & NGC Certified!
1903-S 15 35 90 150 275 450 850 2400
1904 8 15 30 75 125 200 475 1225
1904-O 30 50 150 225 450 825 1300 2625
1905 30 45 65 95 125 200 475 1425
1905-O 45 100 250 275 375 475 1300 7100
Call us at 1-866-665-6468 or visit our website
1905-S 35 65 105 125 200 350 1025 3650 www.MintProducts.com for availability
1906 8 15 35 75 125 200 475 1150 and pricing information.
1906-D 8 15 40 75 150 225 475 1650
1906-O 10 25 60 100 200 325 550 1225 PO Box 10592 Bedford, NH 03110
1907 7 12 35 75 125 200 475 1225 1-866-665-6468
1907-D 8 15 50 100 175 250 765 2625
1907-O 10 18 40 75 125 200 475 2025
1907-S 12 25 70 125 275 475 1000 5275

Continued on next page

39

Price_Feb17.indd 39 12/27/16 6:53 PM

 FEBRUARY 2017
1892-1916 Barber Quarters 1916-1930 Standing Liberty Quarters
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65 G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
1908 8 15 30 75 125 200 450 1225 1917 (w/eagle stars) 30 45 70 100 150 200 325 700
1908-D 7 12 35 75 125 250 475 1225 1917-D (w/eagle stars) 35 50 125 175 225 275 450 1500
1908-O 8 15 40 75 125 200 475 1225 1917-S (w/eagle stars) 35 45 125 175 200 375 450 1300
1908-S 25 75 150 300 500 750 1300 4425 1918 20 25 30 40 80 125 250 800
1909 8 15 30 75 125 200 475 1125 1918-D 30 45 80 150 200 300 450 1700
1909-D 8 15 40 80 150 200 475 1225 1918-S 20 25 30 60 100 275 300 1250
1909-O 50 250 525 700 1000 1500 2325 8500 1919 35 45 75 85 125 175 300 650
The COINage Price Guide

1909-S 7 12 50 100 200 300 675 2200 1919-D 75 100 425 650 800 1000 1700 3400
1910 7 20 35 75 125 200 450 1225 1919-S 75 100 275 500 575 725 1500 4000
1910-D 8 25 70 125 250 350 925 1800 1920 15 25 40 50 90 150 300 600
1911 7 15 35 75 125 200 475 1225 1920-D 50 70 125 175 225 350 800 2000
1911-D 30 100 325 500 700 950 1200 5950 1920-S 15 30 35 60 150 250 700 2300
1911-S 12 30 100 175 275 400 725 1550 1921 175 300 675 850 1150 1725 2200 3500
1912 7 15 35 750 125 220 475 1225 1923 15 20 40 50 100 150 275 600
1912-S 18 40 85 125 225 400 1000 1700 1923-S 250 400 1000 1600 2100 2750 3000 4600
1913 25 50 200 375 525 925 1125 4550 1924 15 25 35 50 100 200 275 650
1913-D 12 20 55 100 200 275 475 1225 1924-D 50 70 125 200 250 300 375 650
1913-S 1800 4000 8500 11250 14000 15250 21000 31750 1924-S 25 35 60 125 225 300 1150 2000
1914 8 15 30 75 125 200 475 1225 1925 7 8 20 45 80 150 300 600
1914-D 8 15 30 75 125 200 475 1125 1926 8 8 12 40 80 150 275 600
1914-S 125 350 650 950 1100 1425 1500 3400 1926-D 7 10 50 100 125 175 250 500
1915 8 15 35 75 125 200 475 1225 1926-S 7 10 20 100 225 350 900 2000
1915-D 8 15 35 75 125 200 475 1225 1927 7 9 12 40 80 125 250 500
1915-S 30 55 100 100 200 300 500 1225 1927-D 12 20 80 150 200 275 350 600
1916 8 15 30 75 125 200 475 1225 1927-S 30 80 325 975 2750 4500 7000 11250
1916-D 8 15 30 75 125 200 475 1225
1928 7 10 12 30 80 150 250 500
1928-D 7 10 12 30 80 150 250 525
1928-S 7 10 12 30 80 150 250 500
1929 7 10 12 30 80 150 250 500
1929-D 7 10 12 30 80 150 250 500
1929-S 7 10 12 30 80 150 250 500
1930 7 10 12 30 80 150 250 500
1930-S 7 8 12 35 80 150 250 500

1839-1891 Seated Liberty Half Dollars

1892-1915 Barber Quarters Proofs G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
PR61 PR63 PR64 PR65 PR66 PR67 PR68 PR69
1839 40 65 175 250 350 1250 18500 -
1892 475 875 1250 2000 3000 5000 14000 40000
1840 (sm letters) 40 60 125 250 350 825 8750 -
1893 475 875 1250 2000 3000 5000 15000 35000
1840 (med letters) 175 250 600 1250 1500 4000 25000 -
1894 475 875 1250 2000 3000 5750 15000 40000
1840-O 40 55 150 325 450 900 - -
1895 465 925 1250 2000 3000 5500 15000 -
1841 50 75 200 350 450 1500 18000 -
1896 475 925 1250 2000 3250 5500 14000 32000
1841-O 40 65 150 325 450 1250 28000 -
1897 475 875 1250 2000 3000 5250 14000 -
1842 (med date) 30 55 100 150 300 800 8000 -
1898 475 900 1250 2000 3000 5250 12000 32000
1842-O (sm date) 800 1250 2500 4750 7500 18000 - -
1899 475 875 1250 2000 3000 5000 12000 -
1842-O (med date) 30 50 75 225 375 1250 25000 40000
1900 475 875 1250 2000 3000 5250 15000 -
1843 30 50 65 175 250 650 15000 45000
1901 475 875 1250 2000 3000 5500 12000 -
1843-O 30 50 75 225 350 825 22000 -
1902 475 875 1250 2000 3000 5500 14000 -
1844 30 50 75 175 275 650 5000 -
1903 475 875 1250 2000 3000 5000 12000 -
1844-O 30 60 100 250 300 950 - -
1904 475 875 1250 2000 3000 5000 12000 40000
1844-O (DD) 500 1000 1750 3500 8000 - - -
1905 475 875 1250 2000 3000 5000 15000 -
1845 40 75 175 300 475 1000 - -
1906 475 875 1250 2000 3000 5000 14000 -
1845-O 40 55 125 275 375 825 9750 -
1907 475 875 1250 2000 3000 5000 14000 -
1845-O (w/o drapery) 50 90 200 600 800 - - -
1908 475 875 1250 2000 3000 5000 14000 30000
1846 (med date) 30 55 85 200 300 700 12500 -
1909 475 875 1250 2000 3000 5250 14000 -
1846 (lg date) 40 60 150 400 500 800 - -
1910 475 875 1250 2000 3000 5000 14000 -
1846-O (med date) 30 50 80 200 300 1250 - -
1911 475 875 1250 2000 3000 5000 14000 -
1846-O (lg date) 250 450 900 2000 2750 8500 - -
1912 475 875 1250 2000 3000 5250 15000 60000
1846 (over horz. 6) 150 275 500 800 1500 6000 - -
1913 475 875 1250 2250 3000 5750 14000 30000
1847 30 50 75 175 250 700 8500 30000
1914 475 900 1250 2500 3000 5500 14000 -
1915 475 900 1250 2500 5000 10000 20000 - 1847-O 30 50 80 250 350 850 18000 -
1847/6 2500 4000 8000 12000 - - - -
1916-1930 Standing Liberty Quarters
1848 50 80 200 350 525 1000 9000 -
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
1848-O 35 60 100 300 375 975 15000 -
1916 3000 6500 9500 10000 11750 14000 20250 27250
1849 40 60 100 225 475 925 - -
1917 (no eagle stars) 30 60 100 125 200 250 300 800
1849-O 40 60 100 275 475 1000 22500 -
1917-D (no eagle stars)30 80 125 200 250 325 400 1200
1850 225 375 700 850 1000 2000 25000 -
1917-S (no eagle stars)30 80 150 250 300 375 450 1400
1850-O 30 55 100 200 300 800 14000 -

40 www.coinagemag.com

Price_Feb17.indd 40 12/27/16 6:54 PM

 FEBRUARY 2017
1839-1891 Seated Liberty Half Dollars
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1851 350 500 1000 1500 1750 3250 14000 -
1851-O 40 75 200 300 400 1000 15000 -
1852 400 575 1000 1500 1500 2500 9500 32000
1852-O 75 200 675 1000 1750 3750 30000 -
1853 40 55 125 300 575 1500 25000 95000
1853-O 50 75 175 400 825 3000 50000 -
1854 40 60 80 175 325 675 8750 55000

The COINage Price Guide

1854-O 40 60 100 200 350 725 9250 55000
1855 40 55 85 200 350 700 12000 -
1855/4 80 150 300 500 600 2000 - -
1855-O 40 55 90 175 350 700 8750 50000
1855-S 500 700 2250 4500 7250 25000 65000 150000
1856 30 55 75 150 250 575 6500 -
1856-O 30 55 85 175 275 575 7750 -
1856-S 65 150 525 1000 2000 5250 - -
1857 30 55 75 150 225 525 5500 -
1857-O 40 60 100 250 325 1250 18000 -
1857-S 75 150 500 1250 2000 5500 50000 -
1858 25 50 80 150 225 550 5750 -
1858-O 35 60 90 175 225 550 9500 -
1858-S 45 75 175 375 500 1500 20000 -
1859 40 55 80 175 275 550 5500 30000
1859-O 30 55 85 150 250 550 7500 45000
1859-S 40 75 150 300 400 1250 16000 75000
1860 35 55 85 175 300 675 7250 60000
1860-O 30 50 100 200 275 575 5750 -
1860-S 40 70 125 250 375 1500 - -
1861 25 50 75 175 250 550 5250 30000
1861-O 35 55 100 200 325 600 6250 -
1861-S 40 65 125 275 400 1250 14000 -
1862 50 70 150 250 425 700 7000 40000
1862-S 40 65 100 275 350 750 12500 -
1863 45 70 100 275 350 800 7000 30000
1863-S 40 60 100 225 300 725 18000 -
1864 45 75 300 400 575 1000 10000 45000
1864-S 45 100 225 400 625 1250 16000 85000
1865 50 80 200 375 525 1000 9000 35000
1865-S 45 75 200 400 650 1500 95000 -
1866-S (w/o motto) 525 850 1500 2500 4000 8500 88000 200000
1866 (with motto) 30 55 100 250 300 675 7000 35000
1866-S (with motto) 35 55 100 250 375 775 12500 -
1867 40 75 175 300 350 900 10000 32500
1867-S 35 55 100 250 325 1250 14000 -
1868 50 100 200 325 525 975 6750 -
1868-S 35 55 100 225 300 650 10500 -
1869 30 50 75 175 275 575 8000 -
1869-S 35 55 100 250 400 1250 6500 25000
1870 30 55 100 200 250 650 6750 22000
1870-CC 1750 3500 7000 15000 30000 95000 - -
1870-S 35 60 150 375 475 1000 20000 -
1871 30 50 75 150 225 625 5750 -
1871-CC 475 775 1500 3500 5750 20000 - -
1871-S 30 50 75 150 300 700 8000 -
1872 30 50 75 175 275 600 6500 -
1872-CC 225 350 1250 2500 4750 25000 - -
1872-S 35 65 175 375 450 1500 25000 38000
1873 (clsd 3) 40 65 125 225 325 775 7500 -
1873 (open 3) 3250 4500 6750 9500 12500 28000 - -
1873-CC 400 625 1750 3000 5000 12000 78000 125000
1873 (w/ arrows) 40 65 125 275 450 975 18000 -
1873-CC (w/ arrows) 350 450 1250 2500 3750 8500 55000 -
1873-S (w/ arrows) 75 150 275 575 950 2750 52500 -
1874 40 70 125 275 450 975 18000 70000
1874-CC 1250 2000 3250 5500 7750 17250 95000 -
1874-S 50 75 250 475 775 2000 25000 -
1875 30 50 70 125 200 450 4750 18000
Continued on next page
41

Price_Feb17.indd 41 12/27/16 6:54 PM

 FEBRUARY 2017
1839-1891 Seated Liberty Half Dollars 1839-1891 Seated Liberty Half Dollars Proofs
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67 PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1875-CC 65 125 250 400 600 1750 10000 - 1875 575 675 1500 2000 4000 5750 14000 28000
1875-S 30 50 70 150 225 425 4500 25000 1876 575 700 1500 2000 4000 7500 15000 -
1876 30 50 70 125 200 450 4500 16500 1877 575 700 1500 2250 4250 9000 - -
1876-CC 70 125 225 325 525 1250 7000 32000 1878 575 675 1500 2000 3750 5500 14000 35000
1876-S 30 50 70 150 225 475 4500 - 1879 600 700 1500 2000 3750 5500 12500 38000
1877 30 50 70 125 200 425 4500 15000 1880 575 675 1500 2250 3750 5500 25000 -
1877-CC 50 95 150 275 525 1000 6250 32000 1881 575 675 1500 2000 3750 5500 12000 -
The COINage Price Guide

1877-S 20 35 70 150 225 500 4500 15000 1882 575 700 1500 2250 3750 5500 12000 18000
1878 35 55 90 150 250 525 5000 - 1883 575 675 1500 2000 3750 5500 12000 30000
1878-CC 1000 1750 3000 4000 6500 12000 72500 - 1884 575 675 1500 2000 3750 5500 12500 42500
1878-S 35000 45000 65000 87500 92500 115000 300000 - 1885 575 700 1500 2000 3750 5500 15000 32500
1879 400 475 550 725 750 950 4500 18000 1886 575 675 1500 2000 4000 5500 14000 28000
1880 350 425 550 725 750 1000 4500 16500 1887 575 675 1500 2000 4000 5500 14500 -
1881 400 475 550 650 700 900 4500 18000 1888 575 675 1500 2000 3750 5500 12750 28000
1882 450 525 700 900 925 1000 4750 16500 1889 575 700 1500 2000 3750 5500 14500 -
1883 375 525 675 800 850 1000 4500 22500 1890 575 675 1500 2000 4000 5500 12250 28000
1884 475 600 650 775 825 1000 4500 20000 1891 575 675 1500 2000 375 5750 12250 -
1885 500 625 675 800 825 975 5250 20000
1886 525 625 700 825 875 1000 4500 20000
1887 575 675 750 975 1000 1250 5000 18000
1888 400 475 600 750 775 925 4250 15500
1889 375 450 575 725 750 1000 4250 -
1890 375 475 550 700 800 1000 4500 22500
1891 50 100 150 200 300 600 4500 40000

1839-1891 Seated Liberty Half Dollars Proofs

PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68 1892-1915 Barber Half Dollars
1858 - 1000 2250 4750 8750 22000 40000 - G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1859 725 825 1750 4000 7250 16000 30000 - 1892 30 50 125 225 375 525 3250 18500

1860 700 800 1750 3500 7000 12500 35000 - 1892-O 300 450 625 725 775 1250 5500 28000

1861 675 800 2000 3500 7000 12500 35000 - 1892 (micro o) 5500 10000 14000 18000 20000 28000 100000 -

1862 675 800 2000 3500 7000 12750 25000 - 1892-S 225 400 600 750 825 1250 5250 25000

1863 675 775 1750 3500 7000 15000 25000 50000 1893 25 50 150 275 375 575 4500 22000

1864 675 750 2000 3500 7000 14000 - - 1893-O 35 100 250 400 475 700 8500 -

1865 675 750 2000 3500 7000 18000 35000 - 1893-S 175 300 775 1000 1500 2250 22500 -

1866 (w/motto) 650 725 1500 2250 4500 7500 14000 28000 1894 35 75 225 300 375 575 3750 38000

1867 650 725 1500 2250 4500 8500 14500 - 1894-O 25 50 225 375 475 725 6500 40000
1894-S 25 50 150 300 425 725 9250 35000
1868 650 725 1500 2250 4750 7000 14250 50000
1895 25 50 175 275 400 650 4000 25000
1869 675 750 1500 2250 4250 5750 14000 28500
1895-O 30 75 225 350 500 800 7500 48000
1870 650 725 1500 2000 4750 6250 22000 -
1895-S 35 100 275 375 450 725 7750 48000
1871 650 725 1500 2250 4500 6250 12500 30000
1896 25 50 175 325 425 700 5000 30000
1872 675 750 1500 2250 4500 7000 - -
1896-O 50 125 500 1250 1500 4000 25000 75000
1873 (clsd 3) 650 725 1500 2250 4500 8000 15000 -
1896-S 125 225 475 1000 1250 2250 10000 58000
1873 (w/arrows) 1000 1250 2750 4250 12000 32500 52500 -
1897 25 50 125 250 400 575 3500 30000
1874 1000 1250 2500 4500 12000 28000 40000 -

There are now

3 ways
to keep up with
BREAKING NEWS
in numismatics WWW.ESTATEWHOLESALER.COM

between issues
of COINage
w w w. coi n ag e m ag. com
FREE PRICE LIST
of Spanish Empire and Colonies
including Cobs, Gold and Silver Coins
(www.facebook.com/pages/COINage-magazine/ of Mexico and the Philippines
208751347999?sk=wall) M & R Coins
P.O. Box 6, Dept C:A
Palos Heights, IL 60463-0006
(708) 361-9523
(twitter.com/#!/coinagemag)

42 www.coinagemag.com

Price_Feb17.indd 42 12/27/16 6:55 PM

 FEBRUARY 2017
1892-1915 Barber Half Dollars 1892-1915 Barber Half Dollars
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67 G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1897-O 150 275 875 1250 1500 2500 9500 45000 1911-D 18 30 125 225 375 575 3250 18000
1897-S 150 250 650 1000 1250 2500 8250 38000 1911-S 20 40 125 250 425 725 5500 22500
1898 20 35 125 250 400 625 3750 58000 1912 15 30 100 200 375 525 3500 -
1898-O 40 125 500 750 900 1250 9000 50000 1912-D 15 30 100 225 375 550 3250 -
1898-S 30 75 175 450 475 1250 12000 - 1912-S 18 30 125 300 400 725 4500 18000
1899 18 30 125 225 375 575 3750 32000 1913 75 125 500 850 1000 1500 5500 -
1899-O 25 50 175 325 450 750 8000 32000 1913-D 20 40 125 300 400 625 4500 -

The COINage Price Guide

1899-S 25 50 150 300 425 800 6250 18000 1913-S 35 60 150 350 475 900 4500 40000
1900 18 25 100 225 375 525 3750 28000 1914 150 325 625 950 1250 2250 9750 -
1900-O 25 50 175 375 525 975 15000 - 1914-S 20 40 125 275 400 775 4500 -
1900-S 20 35 125 225 375 700 8750 32500 1915 100 175 400 675 900 1500 7000 -
1901 15 30 100 225 375 600 4250 28000 1915-D 18 30 100 200 375 525 3250 15000
1901-O 25 50 250 525 725 1500 15000 - 1915-S 20 30 125 225 400 575 3250 18000
1901-S 40 125 450 1000 1500 2750 18000 42000
1902 15 30 100 225 375 600 4000 25000
1902-O 20 50 150 375 450 875 9500 30000
1902-S 20 50 200 425 525 975 8750 28000
1903 18 30 100 225 375 625 9000 -
1903-O 20 40 175 350 425 775 8000 42000
1903-S 20 40 150 300 450 900 5750 25000
1904 15 30 100 225 375 600 5000 -
1904-O 25 50 325 550 675 1500 14000 - 1892-1915 Barber Half Dollars Proofs
1904-S 50 200 1250 3250 5250 12000 50000 160000 PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1905 25 50 200 300 425 675 6000 20000 1892 600 675 1250 2000 3750 5250 8750 16000
1905-O 30 75 250 425 500 900 4750 25000 1893 600 675 1250 2000 3750 5250 8750 22500
1905-S 20 50 175 350 400 725 8500 25000
1894 600 675 1250 2000 3750 5250 9000 23000
1906 18 30 100 225 375 550 3250 18000
1895 600 675 1250 2000 3750 5250 9000 20000
1906-D 18 30 100 225 375 575 3500 28000
1896 600 675 1250 2000 3750 5250 9500 20000
1906-O 20 40 125 225 400 650 6250 30000
1906-S 18 40 150 275 425 650 5250 20000 1897 600 675 1250 2000 3750 5250 9500 18500
1907 15 25 100 225 375 525 3250 - 1898 600 675 1250 2000 3750 5250 8750 18000
1907-D 18 30 100 225 375 575 3250 20000 1899 600 675 1250 2000 3750 5250 9000 20000
1907-O 18 30 100 250 375 600 3250 25000 1900 600 675 1250 2000 3750 5250 9000 18000
1907-S 30 50 225 650 925 1750 12250 32000
1901 600 675 1250 2000 3750 5000 8750 18000
1908 15 25 100 200 375 525 3500 18000
1902 600 675 1250 2000 3750 5000 8750 20000
1908-D 18 30 100 225 375 550 3250 15000
1903 600 675 1250 2000 3500 5000 8750 16000
1908-O 18 30 100 225 400 575 3250 18000
1908-S 30 50 175 425 525 1000 6000 18500 1904 600 675 1250 2000 3500 5000 8750 20000

1909 15 30 100 200 375 525 3250 - 1905 600 675 1250 2000 3500 5000 8750 20000
1909-O 20 50 200 450 700 1250 5250 25000 1906 600 675 1250 2000 3500 5000 8750 20000
1909-S 18 30 125 300 450 750 4250 15000 1907 600 675 1250 2000 3500 5000 8750 20000
1910 25 50 225 375 500 775 3750 - 1908 600 675 1250 2000 3500 5000 8750 16000
1910-S 20 40 125 250 425 825 6500 20000
1909 600 675 1250 2000 3500 5000 8750 16000
1911 15 25 100 200 375 525 3250 18000

Gary Parietti A.N.A. LM5705

P.O. Box 42, Bedford Hills, N.Y. 10507-0042
Ph: (914)242-6090 Fax: (914)242-6091
www.simmonsscientificproducts.com
LINUMIS.COM
U.S. & Foreign Coins
Stamps • Paper Money
Bought • Sold • Traded
Investment Portfolios
Estate Appraisals Free Price List of German States,
Jewelry & Diamonds
Scrap Silver & Gold • Rare Firearms Empire and 3rd Reich
Autographs & Antiques Paper Money and Notgeld
Real Estate Trades
M & R Coins
*FREE* Full Inventory, Paper Money P.O. Box 6, Dept CA
or Rare Coin Price List Palos Heights, IL 60463
Available on Request (708) 361-9523
Please Write, Call or Email.
email: garyparietti@aol.com
Continued on next page
43

Price_Feb17.indd 43 12/27/16 6:55 PM

 FEBRUARY 2017
1892-1915 Barber Half Dollars Proofs 1916-1947 Walking Liberty Half Dollars
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68 VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS67
1910 600 675 1250 2000 3500 5000 9250 20500 1934-D - 20 30 80 175 225 1500 -
1911 600 675 1250 2000 3750 5000 9500 18000 1934-S - 20 30 80 300 800 3600 -
1912 600 675 1250 2000 3750 5250 9500 20000 1935 - 20 25 30 50 75 325 -
1913 600 675 1250 2000 3750 5250 8750 16000 1935-D - 20 30 60 150 300 2250 -
1914 600 700 1250 2000 4250 6250 10000 22000 1935-S - 20 30 100 250 400 2750 -
1915 500 600 1250 2250 4500 6500 10000 22000 1936 - - 20 25 60 75 250 -
The COINage Price Guide

1936-D - 20 25 40 80 110 575 -

1936-S - 20 25 50 150 225 1250 -
1937 - - 20 25 50 75 250 -
1937-D - 20 30 80 150 275 800 -
1937-S - 20 25 60 125 200 700 -
1938 - 20 25 40 80 150 450 -
1938-D 55 100 150 200 500 600 1500 -
1916-1947 Walking Liberty Half Dollars 1939 - - 20 25 40 75 175 -
VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS67
1939-D - - 20 25 40 75 175 -
1916 75 150 250 300 400 625 2250 10000
1939-S - 20 25 50 150 200 350 -
1916-D 75 150 250 300 425 650 2750 25000
1916-S 175 500 700 875 1500 2500 7000 45000 1940 - 15 18 20 40 50 175 -
1917 18 25 60 90 150 225 1250 18750 1940-S - 15 18 20 40 75 350 -
1917-D (obv mark) 50 175 275 400 700 1500 8250 - 1941 - 15 18 20 40 50 150 -
1917-D (rev mark) 40 150 325 575 1250 2750 18500 55000 1941-D - 15 18 20 40 70 150 -
1917-S (obv mark) 100 400 800 1500 2750 5000 22000 -
1941-S - - 15 25 80 150 900 -
1917-S (rev mark) 20 40 85 200 575 2000 14500 45000
1942 - 15 18 20 35 50 150 -
1918 20 60 175 275 575 1250 4000 -
1918-D 25 125 300 550 1500 3250 25000 - 1942-D - 15 18 20 35 75 250 -

1918-S 18 45 100 225 600 2000 18000 - 1942-S - 15 18 20 35 75 450 -

1919 50 300 600 925 1750 3750 8500 35000 1943 - 15 18 20 35 50 150 -
1919-D 50 400 1000 2000 6250 15000 150000 - 1943-D - 15 18 20 40 70 225 -
1919-S 40 300 1000 1600 3000 9000 - -
1943-S - 15 18 20 35 70 300 -
1920 20 40 100 150 400 725 4800 -
1944 - 15 18 20 35 50 150 -
1920-D 30 300 500 1000 1800 3600 - -
1920-S 25 100 300 500 1200 3000 - - 1944-D - 15 18 20 35 50 150 -

1921 250 1000 1750 3000 5000 - - - 1944-S - 15 18 20 35 70 450 -

1921-D 450 1000 2500 3000 6000 - - - 1945 - 15 18 20 35 50 140 -
1921-S 125 1000 5000 7500 - - - - 1945-D - 15 18 20 35 50 140 -
1923-S 25 100 500 800 1750 3500 - -
1945-S - 15 18 20 35 50 140 -
1927-S 20 50 200 400 1250 2000 8500 -
1946 - 15 18 20 35 50 140 -
1928-S 20 80 200 400 1250 2500 9750 -
1929-D 20 40 100 200 400 700 3250 - 1946-D - - 15 25 35 70 140 -

1929-S 20 30 100 200 500 1000 3250 - 1946-S - 15 18 20 35 70 140 -

1933-S 20 25 80 250 600 1100 3750 - 1947 - 15 18 20 35 75 175 -
1934 - 20 25 30 60 100 525 - 1947-D - 15 18 20 35 50 150 -

ONLY
$4.00
Limit One
Send $4.00 and get
one old U.S. BarBer
QUarter minted before www.TomCederlind.com
1917. FULL DATE AG or Better.
Dates and grades our choice.
We will ALSO send better U.S. coins for you to
examine for 15 days. Return any you do not wish to
purchase.
Send name, address and $4.00 to: Free Price List oF PhiLiPPine
PaLisades iNterNatiONaL CO. coins & PaPer Money
P.O. Box 326, Succasunna, NJ 07876 Under spain and the U.s.

Name ���������������������������������������������� M & r Coins

P.O. Box 6
Address �������������������������������������������� Palos Heights, IL 60463-0006
(708) 361-9523
City������������������������������������������������

State�������������������������Zip �������������������

44 www.coinagemag.com

Price_Feb17.indd 44 12/27/16 6:56 PM

 FEBRUARY 2017
1916-1947 Walking Liberty Half Dollars Proofs
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1936 1000 1750 2500 2750 3500 5000 15000 90000
1937 425 450 650 775 950 1250 2000 18000
1938 400 425 525 650 825 1000 1500 12000
1939 350 375 475 600 750 825 1250 6750
1940 - 325 450 550 625 725 1000 4500
1941 250 300 425 475 625 700 1000 6500 1836-1873 Seated Liberty Dollars
1942 250 300 425 500 625 700 1000 5250 G04 VG10 F15 VF20 XF40 AU50 MS60 MS63

The COINage Price Guide

1795-1804 Draped Bust Dollars 1840 300 375 425 450 725 1250 4250 8750

G04 VG10 VF20 XF40 AU50 AU55 MS63 MS65 1841 275 325 375 425 675 975 2500 5000

1795 1500 2500 5000 10250 15000 22500 250000 450000 1842 175 300 350 400 575 925 2250 5000

1796 (sm dt, sm let) 1500 3000 5250 10250 14500 22500 550000 1200000 1843 175 300 350 400 575 925 2500 5000

1796 (lg dt, sm let) 1500 3000 5250 10250 14500 22500 550000 1200000 1844 175 300 350 400 775 1500 4750 9500

1796 (sm dt, lg let) 1500 3000 5250 10250 14500 22500 550000 1200000 1845 275 350 400 425 775 1750 8750 17500

1797(9x7, sm) 1750 3250 7750 15750 30750 50000 - - 1846 250 325 375 425 625 1000 2500 5000

1797(9x7, lg) 1750 2500 5750 10250 14500 30000 - - 1846-O 250 325 400 425 775 1500 7000 14500

1797(10x6) 1500 3000 4750 9500 14000 25000 275000 - 1847 250 325 375 425 575 975 2750 5000
1848 325 425 550 675 1000 1750 4500 9000
1798 (13 strs, sm egl) 1500 2500 7250 14500 25000 40000 105000 125000
1849 250 325 375 425 675 1000 2500 5000
1798 (15 strs, sm egl) 1500 3000 7750 15000 22500 40000 105000 125000
1850 425 625 850 1000 1750 2750 6750 13500
1798(heraldic, k9) 875 1250 2750 4500 8250 12000 - -
1850-O 300 400 550 725 1500 3250 13000 25000
1798(heraldic, k9, a10) 875 1250 2750 4500 8250 12000 - -
1851 4750 8500 12500 14750 20000 27250 40000 80000
1798(heraldic, p9,a) 875 1250 2750 4500 8250 12000 - -
1852 4250 7000 10250 12750 17000 26750 40000 75000
1798(heraldic, p9,b) 875 1250 2750 4500 8250 12000 - -
1853 300 400 525 625 1000 1500 3250 6250
1799/8 (13 stars) 875 1250 2750 4500 8250 12000 - -
1854 975 2000 2500 2750 3750 5250 8750 17500
1799/8 (15 stars) 875 1250 2750 4500 8250 12000 - -
1855 975 1500 2000 2250 3750 4750 7250 14500
1799 (odd dt, 13 str) 875 1250 2750 4500 8250 12000 - -
1856 375 475 600 725 1500 3250 4750 9500
1799 (odd dt, 15 str) 875 1250 2750 4500 8250 12000 - -
1857 350 475 600 725 1500 2750 4250 8750
1799 (normal dt) 875 1250 2750 4500 8250 12000 100000 475000
1859 275 375 475 500 725 1500 2750 7250
1800 875 1250 2500 4500 8250 12000 - -
1859-O 250 300 375 425 575 925 2250 5000
1800 (wide dt) 875 1250 2500 4500 8250 12000 - -
1859-S 325 475 675 825 1750 3250 12250 27250
1800 AMERICAI 875 1250 2500 4500 8250 12000 - -
1860 225 350 450 500 625 925 2250 5000
1800 AMERICAI (wide dt) 875 1250 2500 4500 8250 12000 - -
1860-O 275 300 375 425 575 875 2000 3750
1800 (12 arrows) 875 1250 2500 4500 8250 12000 - -
1861 650 925 1000 1250 1500 3750 4750 7250
1800 (dotted date) 1000 1750 2800 4800 - - - - 1862 550 850 1000 1250 1500 4250 5250 7250
1801 875 1250 2500 4750 8250 15000 - - 1863 725 850 1000 1250 1500 2000 3250 6750
1802 (closed) 875 1250 2500 4750 7750 15000 - - 1864 375 450 550 675 975 1750 3250 8250
1802 (wide) 925 1500 2750 4750 9500 15000 - - 1865 350 425 550 625 1500 2250 3750 9500
1802/1 (narrow date) 975 1500 2500 4750 8750 15000 - - 1866 225 350 450 525 825 1250 2250 5250
1802/1 (wide date) 975 1500 2750 5500 10750 15000 - - 1867 225 325 450 500 825 1250 2500 5750
1803 (lg 3) 975 1500 2750 4750 8750 12000 - - 1868 225 350 450 525 825 1250 2250 5250
1803 (sm 3) 975 1500 2750 4750 8750 12000 - -

There are now Ancient Greek & Roman

3 ways Specialists in British
40 years providing quality & value
to keep up with www.davcoin.com
BREAKING NEWS Online auctions/Print catalogs (just ask!)
info@davcoin.com・(320) 685-3835
in numismatics PO Box 323・Cold Spring MN 56320

between issues
of COINage
w w w. coi n ag e m ag. com
FREE
PRICE LIST
(www.facebook.com/pages/COINage-magazine/ OF ENGLISH
208751347999?sk=wall) COINS
M&R COINS
P.O. Box 6
Palos Heights, IL 60463-0006
(708) 361-9523
(twitter.com/#!/coinagemag)

Continued on next page

45

Price_Feb17.indd 45 12/27/16 6:56 PM

 FEBRUARY 2017
1836-1873 Seated Liberty Dollars 1836-1873 Seated Liberty Dollars Proofs
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63 PR60 PR61 PR62 PR63 PR64 PR65 PR66 PR67
1869 225 350 450 525 825 1250 2250 5250
1859 2750 3000 3500 5000 7500 20000 37250 65000
1870 225 300 375 425 575 1000 2000 4500
1860 2500 2750 3500 4750 7000 15500 32250 65000
1870-CC 675 1000 1750 2250 4000 7750 25000 40000
1861 2500 2750 3500 5250 7000 16500 35000 78000
1871 250 300 375 425 575 1000 2000 4500
1871-CC 2500 3750 5500 7000 15000 25000 75000 175000 1862 2500 2750 3250 4750 7250 16750 32500 65000
1872 250 300 350 400 575 1000 2250 4750 1863 2250 2500 3500 5000 7000 18000 32000 62500
1872-CC 1500 3500 4500 4750 8250 14500 27250 95000 1864 2500 3000 3750 5250 7500 18000 32750 57500
The COINage Price Guide

1872-S 375 550 775 925 2000 3250 12000 35000

1865 2250 3000 3500 5000 7250 17250 27500 55000
1873 325 375 400 425 575 1000 2250 4750
1866 2250 2500 3000 4000 6750 15000 25750 48000
1873-CC 4750 8250 15000 18000 27250 40000 112000 175000
1867 2250 2500 3000 4000 6500 15000 28000 48000
1868 2250 2500 3250 4000 7000 15000 27500 45000
1869 2250 2750 3000 4000 6750 15500 28500 48000
1870 2000 2500 3000 4250 6500 15500 30000 50000
1871 2000 2500 3250 4250 6750 15000 26750 48250
1872 2250 2500 3250 4250 7000 14500 28000 50000
1873 2250 2500 3250 4250 7000 15000 30000 -

1836-1873 Seated Liberty Dollars Proofs 1873-1878 Trade Dollars

PR60 PR61 PR62 PR63 PR64 PR65 PR66 PR67 VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS67
1840 12000 13750 22000 30000 47500 75000 - - 1873 150 225 325 375 1000 3500 14000 68000
1841 - - - 70000 95000 175500 - - 1873-CC 375 800 1500 2750 8250 25750 180000 -
1842 18500 22500 30000 55000 65000 90000 - -
1873-S 150 200 300 450 1250 4000 22250 -
1843 - 25000 32500 47500 65000 - - -
1874 150 200 300 400 1000 2750 18000 -
1844 - - - - 90000 150000 200000 -
1845 14000 17500 30000 37500 47500 75000 135000 200000 1874-CC 300 525 775 900 3250 7250 42000 -

1846 12500 15000 20000 30000 47500 150000 175000 - 1874-S 150 200 300 375 1000 2750 20000 -
1847 13750 18000 20000 25000 35000 65000 - - 1875 375 475 850 1000 2500 6250 25000 70000
1848 13750 18000 22500 32000 42500 70000 115000 150000
1875-CC 325 500 650 875 2500 5250 40000 -
1849 18500 22500 25000 40000 50000 90000 125000 175000
1875-S 150 200 300 350 1000 2500 12250 72500
1850 13500 14500 20000 30000 35000 67500 80000 -
1875-S/CC 375 600 1000 1750 4250 20000 75000 -
1851 restrike 22500 25000 28000 35000 48000 70000 140000 -
1852 30000 32000 38000 42500 50000 80000 - - 1876 150 200 300 350 1000 2500 12000 75000

1852 restrike 28000 30000 35000 40000 55000 90000 - - 1876-CC 400 625 800 1500 7500 25000 82500 -
1853 25000 32500 40000 52500 70000 130000 - - 1876-S 150 200 300 350 1000 2500 15000 -
1854 12500 14000 16500 20000 25000 55000 65000 -
1877 150 200 300 375 1000 2500 22250 -
1855 10000 12000 13000 18000 25000 50000 62500 -
1877-CC 400 675 1000 1250 3250 12000 85000 -
1856 6250 7750 9000 12750 22000 40000 - -
1877-S 150 200 275 375 1000 2500 14000 68000
1857 5000 6750 7750 12250 17500 35000 52500 -
1858 10250 10500 12500 16000 25000 42500 52500 - 1878 -CC 700 2000 4250 5750 18000 36250 150000 -

1878-S 150 200 275 375 1000 2500 15000 68000

ONLY There are now

3 ways
$4.00 to keep up with
Limit One
breaking news
Send $4.00 and get
one old U.S. Standing
in numismatics
Liberty Quarter minted between issues
before 1931. AG or Better.
We will ALSO send better U.S. coins for
of COINage
you to examine for 15 days. Return any w w w.co i n a ge m a g.co m
you do not wish to purchase.
PaLisades
P.O. Box 326, Succasunna, NJ 07876 (www.facebook.com/pages/COINage-magazine/
Name ��������������������������������������������� 208751347999?sk=wall)
Address �������������������������������������������

City�����������������������������������������������

State�������������������������Zip ������������������
(twitter.com/#!/coinagemag)

46 www.coinagemag.com

Price_Feb17.indd 46 12/27/16 6:57 PM

 FEBRUARY 2017
1873-1878 Trade Dollars Proofs 1878-1921 Morgan Dollars
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68 VG10 VF20 XF40 AU50 AU55 MS60 MS63 MS65
1873 2000 2250 3750 5750 15000 35000 - - 1880-CC (8/7) 600 675 775 825 875 925 1000 2800
1874 1750 2250 3500 4750 12500 25000 38000 - 1881 35 - 40 - 45 55 85 800
1875 1750 2250 3500 4750 12750 22500 38000 - 1881-O - - 40 - 45 55 80 1550
1876 1750 2250 3500 4750 12000 20000 - - 1881-S 35 - 40 - 45 55 75 200
1877 1750 2250 3500 5250 12000 18500 32000 - 1881-CC 385 415 435 450 475 535 685 950
1878 2000 2250 3500 5000 12000 20000 30000 - 1882 35 - 40 - 45 55 80 625

The COINage Price Guide

1879 2000 2250 3500 4750 10000 14000 28000 45000 1882-O 40 - 40 - 45 55 80 1725
1880 2000 2250 3500 4750 10000 14000 28000 48000 1882-O/S 675 750 850 900 950 1000 1750 -
1881 2000 2250 3500 4750 10000 14000 28000 48000 1882-S 35 - 40 - 45 55 80 200
1882 2000 2250 3500 4750 10000 14000 32000 48000 1882-CC 105 110 125 155 175 220 310 525
1883 2000 2250 3500 4750 10000 14000 30000 48000 1883 35 - - 40 45 50 75 275
1883-O 35 - - 40 45 50 70 225
1883-S 35 40 55 100 130 715 2875 56000
1883-CC 105 108 125 130 155 220 265 625
1884 35 - - 40 45 50 85 375
1884-O - - - 40 45 50 80 200
1884-S 35 40 50 300 300 9100 38000 265000
1884-CC 150 160 165 190 200 220 265 525
1878-1921 Morgan Dollars 1885 35 - - 40 45 50 80 200
VG10 VF20 XF40 AU50 AU55 MS60 MS63 MS65 1885-O - - 40 - 45 50 70 200
1878 (8 feathers) 45 50 55 80 100 150 300 1800 1885-S 35 50 65 105 115 265 365 2000

1878 (7 feathers) 45 50 55 60 70 80 125 125 1885-CC 625 660 665 670 675 835 935 1250
1886 30 - 35 40 45 50 70 175
1878 (7/8 feathers) 45 50 55 80 100 125 300 3000
1886-O 40 45 50 80 500 1000 3475 185000
1878-S 40 45 50 55 - 60 80 400
1886-S 60 90 125 155 250 365 585 3500
1878-CC 105 115 135 175 225 400 475 1750
1887 35 - - 40 45 50 70 175
1879 40 45 50 55 - 60 80 800 1887-O 35 - 40 45 60 70 250 2500
1879-O 40 - 45 50 70 100 225 4000 1887-S 35 - 40 45 80 145 450 2500
1879-S 40 - 45 50 55 60 100 400 1888 35 - - 40 45 50 70 250

1879-S (rev of 1878) 40 - 45 80 125 200 600 6000 1888-O - - - 40 45 55 75 650

1888-S 130 205 210 350 450 575 975 3500
1879-CC 160 300 800 2250 3000 4000 8000 -
1889 35 - 40 45 50 55 70 400
1879-CC/CC 160 300 600 2000 2500 4000 7500 -
1889-O 35 - 40 45 125 200 600 8000
1880 35 40 - - 45 55 75 800
1889-S 55 70 85 120 225 285 500 2200
1880-O 35 - 40 - 45 90 450 31750 1889-CC 715 1400 3400 7450 13000 26500 48250 350000
1880-S 35 - 40 - 45 55 70 200 1890 35 - - 40 45 55 75 2750

1880-CC (80/79) 650 725 825 875 925 975 1500 4000 1890-O 35 - 40 55 60 80 115 2925
1890-S 35 - 40 45 55 70 100 1400

Approval
Special
Only $14.00 Buying & Selling
World Coins, Tokens, Medals, Paper Money

1-Liberty Nickel 1-Buffalo Nickel introductory Offers

1. 100 different coins, ancient to modern . . . . . $25.00
1-Barber Dime 1-Indian Cent 2. 25 different banknotes . . . . . . . . . . . . . . . . . . . $10.00
1-Mercury Dime 1-1909 Cent 3. BUY or BID sales list . . . . . . . . . . . . . . . . . . . . . FREE
We Also Send You Other U.S. Coins On BOB REIS “ANYTHINg ANYWHERE”
Approval To Pay For or Return in 15 Days. P.O. Box 26303, Raleigh, NC 27611
Send Check or Money Order For $14.00 To:
(919) 787-0881
CHESTNUT COINS e-mail: reisbiz@earthlink.net
PO Box 91, Bluford, IL 62814 www.anythinganywhere.com

Continued on next page

47

Price_Feb17.indd 47 12/27/16 6:58 PM

 FEBRUARY 2017
1878-1921 Morgan Dollars 1878-1921 Morgan Dollars
VG10 VF20 XF40 AU50 AU55 MS60 MS63 MS65 VG10 VF20 XF40 AU50 AU55 MS60 MS63 MS65
1890-CC 100 110 145 215 350 485 900 5800 1902-O - - 40 45 45 50 70 200
1891 35 - 40 45 60 70 210 9400 1902-S 105 155 210 300 350 415 675 3225
1891-O 35 - 40 45 100 195 375 9650 1903 - 50 55 60 65 70 100 350
1891-S 35 - 40 45 65 70 155 1975 1903-O 335 385 400 415 425 475 500 665

1891-CC 100 110 145 210 300 425 775 5625 1903-S 100 215 400 1850 3000 4250 6775 12250

1892 45 50 55 95 150 325 550 5950 1904 35 40 - 45 50 100 275 2925

The COINage Price Guide

1892-O 35 - 40 75 150 325 450 8500 1904-O - - 40 45 50 55 70 200

1892-S 40 145 335 1850 13000 46500 69000 215000 1904-S 45 85 215 600 1000 1725 5025 12000

1892-CC 200 310 515 775 1100 1500 2200 9750 1921 30 35 40 - 45 50 65 200

1893 240 250 300 435 550 800 1300 9600 1921-D 30 35 40 - 45 50 80 425

1893-O 210 360 550 950 1500 3600 7250 200000 1921-S 30 35 40 - 45 50 1000 1750

1893-S 3225 6175 9000 24000 50000 110000 215000 775000

1893-CC 275 715 1500 2725 3500 4975 7150 73000
1894 1375 1675 1800 1975 2500 4125 5950 44500
1894-O 50 55 100 285 500 1150 4225 71000
1894-S 60 105 155 500 750 950 1275 7350
1895-O 360 475 565 1250 7500 16000 58000 160000
1895-S 550 950 1400 1975 3000 4425 6825 28750
1896 - 40 - 45 50 55 75 275 1878-1921 Morgan Dollars Proofs
PR60 PR61 PR62 PR63
1896-O - 40 50 165 800 1800 9000 175000
1878 (8 feathers) 2500 2750 3000 3250
1896-S 45 60 235 875 1000 1975 4050 19750
1878 (7 feathers) 2500 2750 3000 3250
1897 35 - 40 45 50 55 70 375
1879 2000 2250 2500 2750
1897-O 35 40 50 105 600 950 4800 72500
1880 2000 2250 2500 2750
1897-S 35 - 40 45 50 80 150 675
1881 2000 2250 2500 2750
1898 35 - 40 - 45 55 75 275
1882 2000 2250 2500 2750
1898-O 35 - 40 - 45 50 70 200
1883 2000 2250 2500 2750
1898-S 45 50 55 110 200 270 515 2700
1884 2000 2250 2500 2750
1899 175 200 200 250 250 250 325 1250
1885 2000 2250 2500 2750
1899-O 35 40 - - 45 50 80 200
1886 2000 2250 2500 2750
1899-S 45 50 60 155 250 450 535 2425
1887 3000 3250 3500 3750
1900 35 - 40 - 45 55 75 200
1888 2000 2250 2500 2750
1900-O 35 - 40 - 45 55 75 200
1889 2000 2250 2500 2750
1900-O/CC 45 60 100 185 200 310 835 1825
1890 2000 2250 2500 2750
1900-S 45 50 55 85 250 350 425 1900
1891 2000 2250 2500 2750
1901 45 55 110 375 1000 2625 18000 525000
1892 2000 2250 2500 2750
1901-O - - - 40 45 50 80 200
1893 2000 2250 2500 2750
1901-S - 40 50 210 350 550 885 3400
1894 2500 2750 3000 3250
1902 - 40 - 45 55 65 135 535

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48 www.coinagemag.com

Price_Feb17.indd 48 12/27/16 6:58 PM

 FEBRUARY 2017
1878-1921 Morgan Dollars Proofs 1854-1889 Indian Head Gold Dollars
PR60 PR61 PR62 PR63 G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
1895 35000 40000 45000 50000 1856-D 2000 2750 3250 3500 5500 7750 25000 80000
1896 2000 2250 2500 2750 1857 175 200 225 250 275 300 550 975
1897 2000 2250 2500 2750 1857-C 500 800 1000 1250 1500 2750 12000 30000
1898 2000 2250 2500 2750 1857-D 500 800 1000 1500 2250 3500 10000 25000
1899 2000 2250 2500 2750 1857-S 300 375 425 450 725 1250 5750 18000
1900 2000 2250 2500 2750 1858 175 200 225 250 275 300 550 975

The COINage Price Guide

1901 2250 2500 2750 3000 1858-D 500 800 1000 1500 2250 3500 8500 18000
1902 2000 2250 2500 2750 1858-S 225 300 350 375 650 1250 5750 15000
1903 2000 2250 2500 2750 1859 175 200 225 250 275 300 550 1000
1904 2000 2250 2500 2750 1859-C 500 800 1000 1250 2000 3250 12000 30000
1859-D 500 800 1250 1500 2250 3250 8000 18000
1859-S 150 225 275 300 550 1250 5250 15000
1860 175 200 225 250 275 300 550 1250
1860-D 900 2000 2500 2750 4000 7250 18000 45000
1860-S 200 275 325 350 475 750 2250 5500
1861 175 200 225 250 275 300 550 975
1861-D 8000 12000 18000 20000 30000 40000 60000 100000
1921-1935 Peace Dollars 1862 175 200 225 250 275 300 550 975
VG10 VF20 XF40 AU50 MS60 MS63 MS64 MS65 1863 500 800 1000 1250 2000 3250 5500 9250
1921 120 130 150 175 325 485 1050 2500 1864 325 400 450 475 825 1250 1750 3750
1922 - 30 - 35 45 55 80 175 1865 250 400 500 550 875 1000 2000 3750
1922-D - - 35 40 50 75 125 650 1866 175 250 300 400 475 725 1250 2000
1922-S - 35 - 40 50 80 275 2500 1867 200 275 400 450 500 675 1250 2000
1923 - 30 - 35 40 50 75 125 1868 125 200 250 275 425 500 975 2000
1923-D - - 35 40 80 150 375 1250 1869 200 275 325 350 450 675 1000 2250
1923-S - - 35 40 50 100 425 5000 1870 175 250 300 325 450 650 975 2000
1924 - 30 - 35 40 50 75 125 1870-S 275 350 400 475 800 1250 2750 6500
1924-S - - 40 70 250 525 1500 8000 1871 175 250 300 325 450 550 875 1750
1925 - 30 - 35 40 50 75 125 1872 175 250 300 325 450 550 975 2250
1925-S - - 40 50 100 250 1100 - 1873 (clsd 3) 275 350 400 425 725 1000 1500 4250
1926 - 30 35 40 50 80 150 500 1873 (open 3) 175 200 225 250 275 300 500 825
1926-D - - 30 40 80 200 375 900 1874 175 200 225 250 275 300 500 825
1926-S - - 30 40 60 125 300 1000 1875 800 2000 2500 2750 4250 5250 8000 12000
1927 - - 40 50 80 200 525 1750 1876 175 250 300 325 375 475 725 1250
1927-D - - 40 80 200 400 1000 4750 1877 175 250 300 325 375 475 725 1250
1927-S - - 40 80 200 525 1200 9000 1878 175 250 300 325 375 475 725 1250
1928 240 300 375 400 550 800 1200 4000 1879 150 200 225 250 400 425 700 1250
1928-S - 40 50 80 200 500 1150 - 1880 150 200 225 250 400 425 850 1500
1934 - 40 50 60 120 225 400 750 1881 150 200 225 250 400 425 600 900
1934-D - 40 45 60 150 375 575 1750 1882 150 200 225 250 400 425 600 950
1934-S 45 60 175 500 2000 3500 5000 8000 1883 150 200 225 250 400 425 525 900
1935 - 40 50 60 80 125 250 725 1884 150 200 225 250 400 425 550 900
1935-S - 40 60 100 300 450 675 1500 1885 150 200 225 250 400 425 525 900
1921-1922 Peace Dollars Proofs 1887 150 200 225 250 400 425 525 800
PR60 PR61 PR62 PR63 PR64 PR65 1888 150 200 225 250 400 425 525 700
1921 (satin) 45000 50000 55000 60000 65000 70000 1889 150 200 225 250 400 425 525 675
1921 (matte) 45000 50000 55000 60000 65000 70000
1796-1808 Capped Bust Quarter Eagles Gold
1922 (matte) 95000 100000 105000 110000 115000 120000 G04 VG10 F15 VF20 XF40 AU50 AU55 MS60
1854-1889 Indian Head Gold Dollars 1796 (no stars) 20000 35000 50000 60000 85000 110000 150000 225000
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63 1796 (w/stars) 15000 25000 40000 45000 65000 90000 125000 180000
1854 200 275 325 350 500 600 2000 7500 1797 9000 15000 20000 25000 40000 70000 100000 145000
1855 200 275 325 350 500 600 2000 7500 1798 3500 6500 8750 9750 15000 30000 45000 65000

1855-C 700 1000 1500 1750 3750 8250 25000 110000 1804 (13 stars) 15000 50000 100000 140000 180000 275000 - -

1855-D 2500 4000 5000 5500 12000 20000 50000 90000 1804 (14 stars) 3000 4500 7500 8500 12500 15000 20000 30000
1805 3000 4500 7500 8500 12500 15000 20000 30000
1855-O 400 475 525 550 950 1500 8000 25000
1806/4 3000 4500 7500 8500 12500 15000 20000 30000
1856-S 400 700 900 925 1500 2250 7500 30000
1806/5 7000 10000 13500 15000 18000 40000 60000 90000
1856 (up 5) 175 225 250 275 300 375 725 2250
1807 3000 4500 7500 8500 12500 15000 20000 30000
1856 (slant 5) 175 200 225 250 275 300 550 975
1808 3000 4500 7500 8500 12500 15000 20000 30000
Continued on next page
49

Price_Feb17.indd 49 12/27/16 6:58 PM

 FEBRUARY 2017
1821-1834 Capped Head Quarter Eagles Gold 1813-1834 Capped Head Half Eagles Gold
G04 VG10 F15 VF20 XF40 AU50 AU55 MS60 G04 VG10 VF20 XF40 AU50 AU55 MS60 MS63

1821 2000 5000 7500 8500 12750 15000 20000 30000 1818 STATESOF (1 word)1000 4000 6000 7250 10000 15000 20000 45000

1824/1 2000 5000 7500 8500 12750 15000 20000 30000 1818 (5D/50) 1000 4000 6000 7250 10500 15000 25000 50000

1826/5 5000 8000 10500 11500 15000 25000 45000 65000 1819 9000 15000 30000 45000 60000 75000 90000 -

1827 2000 5000 7500 8500 12750 15000 20000 30000 1819 (5D/50) 18000 25000 32500 45000 60000 75000 90000 140000

1829 1000 4000 6500 7250 8750 12000 15000 20000 1820 (curve, sm letters) 1000 4000 6750 10500 12750 15000 18000 40000

1830 1000 4000 6500 7250 8750 12000 15000 20000 1820 (curve, lg letters) 1000 4000 6500 8000 10000 15000 20000 40000
The COINage Price Guide

1831 1000 4000 6500 7250 8750 12000 15000 20000 1820 (sq base, lg letters) 1000 4000 6500 7750 9000 12000 18000 30000

1832 1000 4000 6500 7250 8750 12000 15000 20000 1821 8000 12000 30000 50000 60000 100000 145000 215000

1834 3000 6000 12000 14000 18000 30000 50000 70000 1823 4000 7000 9250 14500 15000 20000 25000 50000

1795-1812 Capped Bust Half Eagles Gold 1824 8000 12000 20000 30000 40000 50000 70000 125000
1825/1 8000 12000 20000 30000 40000 50000 70000 125000
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
1826 5000 8000 14000 18000 25000 30000 40000 70000
1795 (sm eagle) 9000 15000 20000 22250 30000 40000 65000 170000
1827 10000 16000 20000 30000 35000 45000 60000 90000
1795 (heraldic) 8000 12000 18000 20000 30000 50000 85000 165000
1828/7 15000 30000 60000 100000 125000 175000 250000 430000
1796/5 9000 15000 20000 25000 40000 60000 100000 215000
1829 (lg date) 9000 15000 30000 70000 90000 125000 180000 335000
1797 (sm eagle, 15 stars) 15000 22250 32500 40000 60000 90000 240000 - 1829 (sm date) 15000 30000 70000 140000 165000 200000 275000 460000
1797 (sm eagle, 16 stars) 10000 18000 30000 40000 50000 75000 215000 - 1830 (sm 5D) 9000 15000 25000 35000 40000 50000 60000 90000
1797/5 (heraldic) 8000 12000 20000 25000 45000 70000 185000 - 1830 (lg 5D) 9000 15000 25000 35000 40000 50000 60000 90000

1798 (sm 8) 1000 4000 6000 7000 12000 18000 35000 75000 1831 (sm 5D) 9000 15000 25000 35000 40000 50000 60000 90000
1831 (lg 5D) 9000 15000 25000 35000 40000 50000 60000 90000
1798 (lg 8, 13 stars) 2000 3750 5000 5500 8500 15000 50000 -
1832 160000 220000 275000 375000 525000 - - -
1798 (lg 8, 14 stars) 2000 3750 5000 6500 12000 25000 110000 -
1833 (lg date) 9000 15000 25000 35000 40000 50000 60000 90000
1799 2000 3500 4500 5250 7250 12000 25000 60000
1833 (sm date) 9000 15000 25000 35000 40000 60000 90000 145000
1800 2000 3500 4500 5250 6500 8000 15000 30000
1834 (plain 4) 9000 15000 25000 35000 40000 50000 60000 90000
1802/1 2000 3500 4500 5250 6500 8000 15000 30000 1834 (crosslet 4) 10000 18000 27500 37500 45000 65000 90000 120000
1803/2 2000 3500 4500 5250 6500 8000 15000 30000 1795-1804 Capped Bust Eagles Gold
1804 (sm 8) 2000 3500 4500 5250 6500 8000 18000 30000 G04 VG10 VF20 XF40 AU50 AU55 MS60 MS63

1804 (lg 8) 2000 3500 4500 5250 6500 8000 18000 30000 1795 (13 leaves) 12000 22500 30000 45000 50000 70000 100000 275000

1805 2000 3500 4500 5250 6500 8000 15000 30000 1795 (9 leaves) 20000 35000 50000 75000 125000 175000 215000 450000

1806 (pt 6) 2000 3500 4500 5250 6500 8000 15000 30000 1796 15000 25000 40000 50000 60000 80000 125000 500000

1806 (rd 6) 2000 3500 4500 5250 6500 8000 15000 30000 1797 (sm eagle) 18000 30000 50000 60000 100000 125000 225000 600000

1807 2000 3500 4500 5250 6500 8000 15000 30000 1797 (heraldic) 7000 10000 15000 18000 35000 45000 60000 125000

1807 (left bust) 1750 2500 3500 4250 5250 8250 12750 25000 1798 (stars: 9 lt, 4 rt) 10000 18000 30000 40000 75000 100000 118000 275000

1808 1750 2500 3500 4250 5250 8250 12750 25000 1798 (stars: 7 lt, 6 rt) 20000 35000 50000 80000 125000 175000 250000 525000

1799 (sm stars) 4000 7000 12000 15000 18000 22500 30000 60000
1808/7 1750 2500 4000 5000 6000 8500 15000 30000
1799 (lg stars) 4000 7000 12000 15000 18000 22500 30000 60000
1809/8 1750 2500 3500 4250 5250 8250 12750 25000
1800 4000 7000 12000 15000 20000 25000 30000 80000
1810 (sm date, sm 5) 9000 15000 30000 40000 50000 80000 170000 -
1801 4000 7000 12000 15000 18000 22500 30000 60000
1810 (sm date, lg 5) 1750 2500 3500 4250 5250 8250 15000 25000
1803 (sm stars) 4000 7000 12000 15000 18000 22500 30000 60000
1810 (lg date, sm 5) 15000 25000 35000 40000 70000 85000 165000 -
1803 (lg stars) 4000 7000 12000 15000 18000 22500 30000 60000
1810 (lg date, lg 5) 1750 2500 3500 4250 5250 8250 12750 25000
1804 9000 15000 25000 35000 50000 60000 80000 140000
1811 (sm 5) 1750 2500 3500 4250 5250 8250 12750 25000

1811 (lg 5) 1750 2500 3500 4250 5250 8250 12750 25000

1812 1750 2500 3500 4250 5250 8250 12750 25000

1907-1933 Indian Head Eagles Gold

G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
1907 (wired, w/periods) 8000 12000 15000 18000 20000 25000 32500 50000
1907 (rolled, w/periods) 20000 35000 45000 50000 55000 60000 100000 125000
1813-1834 Capped Head Half Eagles Gold 1907 (no periods) 800 875 925 950 975 1000 1250 3750
G04 VG10 VF20 XF40 AU50 AU55 MS60 MS63
1908 (no motto) 800 875 925 950 975 1000 1250 5000
1813 1000 4000 5500 6750 9000 10000 12000 20000
1908-D (no motto) 800 875 925 950 975 1000 1500 8000
1814/3 1000 4000 6000 7250 9500 15000 20000 50000
1908 (w/motto) 775 800 825 850 875 900 1000 1500
1815 20000 75000 120000 165000 185000 275000 370000 540000
1908-D (w/motto) 775 800 900 925 950 1000 1250 7500
1818 1000 4000 6000 7250 10000 15000 20000 50000

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 FEBRUARY 2017
1907-1933 Indian Head Eagles Gold 1907-1933 Saint Gaudens Double Eagles Gold
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63 VF20 XF40 AU50 MS60 MS63 MS65 MS67 MS68
1908-S (w/motto) 750 850 900 1000 1250 1500 4000 12750 1908-D (w/motto) - 1650 1700 1750 2250 6000 110000 -
1909 750 825 875 900 950 1000 1250 4000 1908-S 3000 3750 5500 12000 26250 55000 185000 -
1909-D 775 850 900 950 1000 1250 1500 6500 1909 - 1650 1700 1750 3000 45000 - -
1909-S 750 825 875 900 950 1000 2000 7500 1909/8 1700 1875 1900 2500 5250 47250 - -
1910 750 825 875 900 950 975 1000 1500 1909-D - 1650 1825 3250 7500 46000 300000 -
1910-D 750 825 875 900 950 975 1000 1500 1909-S - 1650 1700 1750 2250 6500 66000 -

The COINage Price Guide

1910-S 800 825 875 900 950 1000 1500 10000 1910 - 1650 1700 1750 2000 9500 - -
1911 750 825 875 900 950 975 1000 1500 1910-D - 1650 1700 1750 2000 4000 82000 -
1911-D 900 950 1000 1250 2000 2500 10000 40000 1910-S - 1650 1700 1750 2000 9500 67500 175000
1911-S 800 850 900 950 1000 1250 3000 12750 1911 - 1650 1700 1750 2500 22500 185000 -
1912 750 825 875 900 950 975 1000 1500 1911-D - 1650 1700 1750 2000 2750 58000 -
1912-S 750 825 875 900 1000 1250 2000 10000 1911-S - 1650 1700 1750 2000 5750 100000 -
1913 750 825 875 900 950 975 1000 1500 1912 - 1650 1700 1750 2500 28000 - -
1913-S 800 850 900 1000 1250 1500 7500 35000 1913 - 1650 1700 1750 2750 55000 - -
1914 750 825 875 900 950 975 1000 2500 1913-D - - 1650 1750 2000 6500 - -
1914-D 750 825 875 900 950 975 1000 2500 1913-S 1650 1750 2000 2250 5000 40000 - -
1914-S 800 900 950 1000 1100 1250 2000 8500 1914 - 1650 1700 1750 3500 25000 - -
1915 750 825 875 900 950 975 1000 2000 1914-D - 1650 1700 1750 2000 3500 42500 -
1915-S 850 900 950 1000 1250 1500 5000 20000 1914-S - 1650 1700 1750 2000 2750 58000 -
1916-S 800 825 850 9000 1000 1250 2000 8000 1915 - 1650 1700 1750 2500 30000 - -
1920-S 6000 9000 12000 15000 20000 30000 85000 125000 1915-S - 1650 1700 1750 1875 3250 37500 -
1926 750 825 875 900 950 975 1000 1500 1916-S - 1650 1700 1750 2000 3750 35000 -
1930-S 6000 9000 10000 12500 15000 25000 40000 50000 1920 - 1650 1700 1750 2250 85000 - -
1932 750 825 875 900 950 975 1000 1500 1920-S 15000 22500 31000 52000 110000 300000 - -
1933 25000 40000 50000 60000 100000 150000 200000 325000 1921 30000 45000 58000 115000 200000 690000 - -
1922 - 1650 1700 1750 2000 4750 - -
1922-S 1750 2000 2000 2500 5250 50000 - -
1923 - 1650 1700 1750 1800 4750 - -
1923-D - 1650 1700 1750 1875 2500 16000 -
1924 - 1650 1700 1750 1850 2500 15000 95000
1924-D 1750 2500 2750 5250 8750 92500 - -
1924-S 2250 2500 2500 4750 12500 215000 815000 -

1908-1915 Indian Head Eagles Gold Proofs 1925 - 1650 1700 1750 1850 2500 35000 -
PR60 PR61 PR62 PR63 1925-D 2500 3000 3750 5500 14000 110000 - -
1908 8000 10000 15000 25000 1925-S 2750 3500 5000 10500 18000 175000 375000 650000
1909 8000 10000 15000 25000 1926 - 1650 1700 1750 1850 2500 30000 -
1910 10000 12000 17500 27500 1926-D 8000 12000 14000 18000 25000 220000 - -
1911 8000 10000 15000 25000 1926-S 2250 2250 2500 3000 6000 30000 - -
1912 8000 10000 15000 25000 1927 - 1650 1700 1750 1850 2500 20000 -
1913 8000 10000 15000 25000 1927-D - - 480000 650000 1550000 2000000 3250000 -
1914 8000 10000 15000 27500 1927-S 7000 12000 15000 27500 48000 185000 360000 -
1915 10000 12000 17500 25000 1928 - 1650 1700 1750 1850 2500 15000 -
1929 7500 12000 16000 22500 40000 92000 - -
1930-S 20000 32500 52500 75000 125000 220000 - -
1931 12000 17000 22500 37500 78000 115000 375000 -
1931-D 15000 18000 24000 38000 82000 138000 - -
1932 14000 17500 22000 30000 75000 110000 - -

1907-1933 Saint Gaudens Double Eagles Gold

VF20 XF40 AU50 MS60 MS63 MS65 MS67 MS68
1907 (high relief) 9250 11250 12500 17500 25000 62500 18000 38500
1907 (roman #’s, wire) 9500 10000 12000 15000 20000 - - -
1907 (roman #’s, flat) 9500 10000 12000 15000 20000 - - -
1907 (arabic #’s) - - - - 2000 - - - 1907-1915 Saint Gaudens Double Eagles Gold Proofs
1908 (w/o motto) - 1650 1700 1750 1750 2500 15000 30000 PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1908-D (w/o motto) - 1650 1700 1750 2000 10500 - - 1907 15000 16000 32000 48000 95500 118000 200000 285000
1908 (w/motto) - 1650 1700 1750 2500 17000 100000 - 1908 15000 18500 35000 58000 110000 135000 235000 285000
Continued on next page
51

Price_Feb17.indd 51 12/27/16 6:59 PM

 FEBRUARY 2017
1907-1915 Saint Gaudens Double Eagles Gold Proofs 1988-2016 Gold Eagles $10 Quarter Ounce Proofs
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68 PR67 PR68 PR69 PR70

1909 15000 18500 35000 56000 105000 128000 225000 280000 1990-P 300 325 475 700

1910 15000 16000 32000 48000 100000 118000 190000 260000 1991-P 300 325 450 600

1911 15000 16000 32000 48000 98000 148000 265000 - 1992-P 300 325 475 700

1912 15500 18500 35000 50000 100000 150000 265000 - 1993-P 300 325 500 825

1913 15500 18500 35000 53000 110000 160000 265000 - 1994-W 300 325 475 650
The COINage Price Guide

1914 15500 20000 36500 57000 100000 160000 275000 - 1995-W 300 325 475 650

1996-W 300 325 475 725

1997-W 300 325 475 725

1998-W 300 325 450 650

1999-W 300 325 500 750

2000-W 300 325 500 725

2001-W 300 325 500 775

1988-2016 Gold Eagles $5 Proofs 2002-W 300 325 450 750

PR66 PR67 PR68 PR69 PR70 2003-W 300 325 425 600
1988-P 125 135 150 185 325 2004-W 300 325 475 625
1989-P 125 135 150 185 325
2005-W 300 325 475 625
1990-P 125 135 150 185 275
1991-P 125 135 150 185 275 2006-W 300 325 450 550

1992-P 125 135 150 185 275 2007-W 300 325 450 550
1993-P 125 135 150 185 250 2008-W 300 325 475 675
1994-W 125 135 150 185 250
2010-W 300 325 475 575
1995-W 125 135 150 185 250
1996-W 125 135 150 185 250 2011-W 300 325 450 600

1997-W 125 135 150 185 250 2012 300 325 450 575
1998-W 125 135 150 185 300 2013 300 325 450 600
1999-W 125 135 150 185 250
2014 300 325 450 575
2000-W 125 135 150 185 250
2001-W 125 135 150 185 400 2015 300 325 400 500

2002-W 125 135 150 185 250 2016 - - 375 400

2003-W 125 135 150 185 300
2004-W 125 135 150 185 225
2005-W 125 135 150 185 225
2006-W 125 135 150 185 225
2007-W 125 135 150 185 250
2008-W 125 135 150 185 300
2010-W 125 135 150 185 250
2011-W 125 135 150 185 250
2012-W 125 135 150 185 250 1986-2016 Gold Eagles $25 Half Ounce Proofs
2014-W 125 135 150 185 250
PR66 PR67 PR68 PR69 PR70
2015-W 125 135 150 185 250
1987-P 575 625 700 950 1500
2016-W - - - 175 200

1988-P 575 625 700 975 1500

1989-P 575 625 1000 1250 4750

1990-P 575 625 1000 1250 5500

1991-P 575 625 700 950 1500

1992-P 575 625 700 975 1500

1988-2016 Gold Eagles $10 Quarter Ounce Proofs 1993-P 575 625 750 1000 15000
PR67 PR68 PR69 PR70
1994-W 575 625 700 950 1500
1988-P 300 325 475 650

1989-P 300 325 475 675 1995-W 575 625 700 950 1250

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 FEBRUARY 2017
1986-2016 Gold Eagles $25 Half Ounce Proofs 1986-2016 Gold Eagles $50 One Ounce Proofs
PR66 PR67 PR68 PR69 PR70 PR68 PR69 PR70

1996-W 575 625 700 875 1000 2004-W 1500 1750 2400

1997-W 575 625 700 900 1500 2005-W 1500 1650 2000

1998-W 575 625 700 875 1250 2006-W 1700 1750 2000

1999-W 575 625 700 875 2250 2006-W (rev) 2500 2750 4000

2000-W 575 625 700 900 1000 2007-W 1500 1650 2000

The COINage Price Guide

2001-W 575 625 700 875 1000 2008-W 1600 1750 2250

2002-W 575 625 700 875 1000 2010-W 1500 1650 2100

2003-W 575 625 700 875 1000 2011-W 1500 1650 2300

2004-W 575 625 700 875 1000 2012-W 1500 1650 2000

2005-W 575 625 700 875 1000 2013-W 1500 1650 2000

2006-W 575 625 700 875 1000 2014-W 1500 1650 2000

2007-W 575 625 700 875 1000 2015-W 1500 1650 1750

2008-W 575 625 700 875 1250 2016-W - 1250 1500

2010-W 575 625 700 875 1000

2011-W 575 625 700 875 1000

2012-W 575 625 700 875 1000

2013-W 575 625 700 875 1000

2014-W 575 625 700 950 1000

2015-W 575 600 650 750 900

1986-2015 Silver Eagles
2016-W - - - 725 750
MS66 MS67 MS68 MS69 MS70
1986 25 30 35 90 1300
1987 25 30 35 65 1600
1988 25 30 35 75 2500
1989 25 30 35 75 1500
1990 25 30 35 80 5750
1991 25 30 35 60 6000
1992 25 30 35 80 1900
1993 - 30 35 60 5500
1986-2016 Gold Eagles $50 One Ounce Proofs 1994 35 40 45 100 6000
PR68 PR69 PR70 1995 30 35 40 100 1250

1986-W 1500 1650 2250 1996 35 40 65 150 12250

1997 30 35 35 85 1250
1987-W 1500 1650 2400
1998 30 35 35 70 1900
1988-W 1500 1650 2400 1999 - 30 35 60 26000

1989-W 1500 1650 2450 2000 - 30 35 55 8000

2001 - 30 35 55 1400
1990-W 1500 1650 2500
2002 - 30 35 50 325
1991-W 1500 1750 3500 2003 - 30 35 50 275
1992-W 1500 1650 3000 2004 - 30 35 50 275
2005 - 30 35 50 300
1993-W 1500 1800 4100
2006 - 30 35 50 125
1994-W 1500 1750 2500
2006-W (burn) 30 35 40 65 250
1995-W 1500 1650 2500 2007 - 30 35 45 125
2007-W (burn) 30 35 40 50 85
1996-W 1500 1750 3000
2008 - 30 35 50 90
1997-W 1500 1700 2500
2008-W (07 rev) 375 400 425 500 1250
1998-W 1500 1700 4000 2008-W (burn) - 35 40 50 100

1999-W 1500 1800 3500 2009 25 30 35 45 85

2010 25 30 35 45 80
2000-W 1500 1750 2500
2011 25 30 35 45 80
2001-W 1500 1750 3600 2012 30 35 40 50 75

2002-W 1500 1750 2500 2013 30 35 40 45 75

2014 - - 40 50 75
2003-W 1500 1750 2400
2015 - - 40 50 75
Continued on next page
53

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 FEBRUARY 2017

1986-2015 Silver Eagles Proofs 1997-2008 Platinum Eagles $10 Proofs

PR65 PR67 PR68 PR69 PR70 PR68 PR69 PR70
The COINage Price Guide

1986-S 30 35 40 75 450 1997-W 175 225 500

1987-S 30 35 40 75 1000 1998-W 175 225 550
1988-S 30 35 40 75 650 1999-W 175 225 350
1989-S 30 35 40 75 400 2000-W 175 225 325
1990-S 30 35 40 75 300 2001-W 175 225 400
1991-S 30 35 40 80 550 2002-W 175 225 325
1992-S 30 35 40 75 450 2003-W 175 225 375
1993-P 60 70 75 90 2500 2004-W 350 400 625
1994-P 70 75 80 175 2250 2005-W 175 225 550
1995-P 65 70 75 100 425 2006-W 175 225 300
1995-W - 4000 4250 5500 35000 2007-W 200 225 325
1996-P 30 35 40 75 425 2008-W 250 300 525
1997-P 50 60 65 100 500
1998-P 30 35 40 70 250
1999-P 30 35 40 80 425
2000-P 30 35 40 75 425
2001-W 30 35 40 70 175
2002-W 30 35 40 70 150
2003-W 30 35 40 70 100
2004-W 30 35 40 75 100
2005-W 30 35 40 70 100 1997-2008 Platinum Eagles $25
2006-W - 35 40 65 100 MS68 MS69 MS70
2007-W 30 35 40 65 100 1997 375 550 2500
2008-W 30 35 40 75 100 1998 375 425 2000
2010-W 30 35 40 70 100 1999 375 500 5500
2011-W 30 35 40 75 100 2000 375 425 1000
2012 30 40 45 70 100 2001 375 425 2250
2013 30 35 40 70 100 2002 375 425 650
2014 30 35 40 70 100 2003 375 425 600
2015 30 35 40 70 100 2004 375 425 525
2005 375 425 550
2006 375 425 550
2006-W (burn) 475 625 950
2007 375 425 525
2007-W (burn) 375 450 625
2008 375 425 525
2008-W (burn) 475 575 1000

1997-2008 Platinum Eagles $10

MS68 MS69 MS70
1997 150 200 1250
1998 150 200 2500
1999 150 200 1500
2000 150 200 750
2001 150 200 400
2002 - 150 400
1997-2008 Platinum Eagles $25 Proofs
PR67 PR68 PR69 PR70
2003 150 200 575
1997-W - 375 450 575
2004 150 200 400
1998-W - 375 500 600
2005 150 200 275
1999-W - 375 500 525
2006 150 200 275 2000-W - 375 475 525
2006-W (burn) 150 350 550 2001-W - 375 500 575
2007 150 200 275 2002-W - 375 450 525
2007-W (burn) 150 225 375 2003-W - 375 475 575
2008 150 225 375 2004-W 575 600 750 1000
2008-W (burn) 250 325 450 2005-W - 375 500 675

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 FEBRUARY 2017
1997-2008 Platinum Eagles $25 Proofs 1997-2015 Platinum Eagles $100
PR67 PR68 PR69 PR70
MS68 MS69 MS70
2006-W - 375 500 550
2007-W - 375 475 525 1999 1500 2000 -
2008-W - 500 600 1000
2000 1250 1500 -
1997-2008 Platinum Eagles $50
MS67 MS68 MS69 MS70 2001 1250 1750 -
1997 750 800 1000 4500 2002 1250 1750 7500
1998 700 725 950 12000

The COINage Price Guide

1999 700 750 1000 - 2003 1250 1750 5500

2000 - 700 925 - 2004 1250 1750 2750

2001 700 725 875 -
2005 1250 1750 2750
2002 - 700 850 1500
2003 - 700 800 1250 2006 1250 1500 2250
2004 - 725 800 1250
2006-W (burn) - 1500 2500
2005 - 725 800 1000
2006 - 700 775 1000 2007 1250 1500 2250
2006-W (burn) - 775 850 1250
2007-W (burn) - 1500 2500
2007 - 725 775 1000
2007-W (burn) - 825 975 1250 2008 1250 1500 2250
2008 - 700 775 1000
2008-W (burn) 1250 1500 2500
2008-W (burn) - 1250 1500 2000
2014-W 1250 1500 2500

2015-W - 1250 1500

1997-2008 Platinum Eagles $50 Proofs

PR68 PR69 PR70

1997-W 700 900 1250

1997-2015 Platinum Eagles $100 Proofs
1998-W 700 900 1000
PR68 PR69 PR70
1999-W 700 900 1000
1997-W - 1500 4000
2000-W 825 900 1000
1998-W 1500 1750 2500
2001-W 750 950 1250
1999-W 1500 1750 2750
2002-W 800 900 1000
2000-W 1500 1750 2500
2003-W 800 875 1000
2001-W 1500 1750 3500
2004-W 1000 1250 1500
2002-W 1500 1750 2500
2005-W - 1000 1250
2003-W 1500 1750 3500
2006-W 700 800 1000
2004-W 2000 2250 3500
2007-W 700 800 1000
2005-W 2000 2500 3250
2008-W 1000 1250 2000
2006-W 1500 1750 2500

2007-W 1500 1750 2250

2008-W - 2000 2750

2009-W 2000 2250 2500

2010-W 1500 1750 2000

2011-W 1500 1750 2000

2012-W 1500 1750 2250

1997-2015 Platinum Eagles $100
2013-W 1500 1750 2500
MS68 MS69 MS70
2014-W - 1500 2250
1997 1500 2000 10500
2015-W - 1750 2000
1998 1500 1750 -

Continued on next page

55

Price_Feb17.indd 55 12/27/16 7:02 PM

 Continued from page 31
PUBLIC DOMAIN
First Vice President and second President of
the United States John Adams
they urged them to send back “all the flags
and medals which you may have received
from your old fathers the French and Span-
iards. It is not proper since you have become
the children of the great chief of the seventeen
great nations of America.”
On March 1, 2004, the U.S. Mint revived
Reich’s design and launched sales of the 2004
Jefferson Peace Medal nickel, the first of the
Westward Journey Nickel series.
The 2004 coins were offered in two-roll sets
(one from Philadelphia and one from the
Denver Mint) and in bags of 500 and 1,000
coins. Two-roll sets were priced at $8.95, bags
of 500 coins were $45.95 and bags of 1,000
coins were sold for $79.95.
It was a very bad year for the Roman
Catholic faith.
The United Kingdom of Great Britain and
Ireland was created on Jan. 1, 1801, when the
British Parliament passed the Act of Union.
The act placed Ireland under the control of
a single Parliament in Britain, an action that
most Irish Catholics dreaded.
British Prime Minister William Pitt the
Younger demanded that provisions be insti-
tuted to protect Roman Catholics from dis-
crimination. When King George III refused,
Pitt resigned.
Meanwhile, the Holy Roman Empire in
HERITAGE
Europe was all but obliterated by Napoleon
Bonaparte.
56 www.coinagemag.com
With the Treaty of Luneville signed in Feb-
ruary, Austria and Germany ceded the left
bank of the Rhine River to France and recog-
nized the Batavian, Helvetian, Cisalpine and
Ligurian republics, all controlled by Napoleon
and his relatives.
That left only Britain to fight against France,
and a treaty in 1802 ended those hostilities.
The Mint produced slightly more than
2.5 million coins in 1801, and 1.3 million of
them were cents.
The 1801 Draped Bust large cent was cre-
ated by Mint Engraver Robert Scot and based
on a design sketched by painter Gilbert Stuart.
According to numismatic researcher Walter
Breen, Stuart hated the way the coins turned
out and his family would conceal his part in
the design for decades after his death.
The busty Miss Liberty pictured on the 1801
large cent looks just fine to modern collectors,
and this date is affordable and offers some
interesting die varieties.
There is one obverse die with a “pointed first
1” in the date. There is another “pointed first 1
with three errors” variety: On the reverse, the
“U” in UNITED is messed up, the wreath has
only one stem and the fractional denomina-
tion is listed as 1/000 instead of 1/100.
There also are “blunt 1” varieties and a
“blunt 1 with three errors,” which is consid-
ered rare.
The 1801 large cents are priced at about
$100 in Good and $400 in Fine, with the
scarcer varieties commanding higher prices.
In the grade of AU-55, the prices of these
cents start at about $7,500.
1801 Dime
Secretary of State John Marshall, 46,
was named chief justice of the United States
in 1801.
Over the next 34 years, Marshall’s court
would establish fundamental principles for
interpreting the U.S. Constitution.
Marshall was born in Germantown, Vir-
ginia, on Sept. 24, 1755, and was the eldest
of 15 children. His family moved to Fauquier
County, Virginia, and lived as pioneers. Mar-
shall’s parents provided his early education.
Marshall served in the Continental Army
during the American Revolution, rising to
the rank of captain. His only formal education
came in 1779, when he spent a year studying
law at the College of William and Mary.
He was admitted to the bar in 1780 and
began practice on the frontier before mov-
ing to Richmond, Virginia, where he quickly
became one of the state’s leading lawyers.
As a member of the Virginia Assembly from
1782 to 1791, Marshall worked for ratification
of the U.S. Constitution and became a rising
star in the Federalist Party.
George Washington nominated him to be
U.S. attorney general in 1795, but Marshall
declined. He also declined appointment as a
minister to France.
But President John Adams managed to per-
suade Marshall to serve as a diplomat to
France in 1797, and his reputation for having
a first-class intellect grew.
Marshall was elected to the U.S. House of
Representatives in 1799 and quickly became
the spokesman for the Federalist Party. In
1800, he became secretary of state in the
Cabinet of President Adams, who then
COINage
 PUBLIC DOMAIN

Chief Justice John Marshall

named him the fourth chief justice of the

United States.
Before his appointment to the bench, the
Supreme Court was regarded as weak and
ineffectual. Through Marshall’s wise decisions
and strong personality, the court was elevated
to a position of great power.
www.vcoins.com/us/kointainer
The first and most important of Marshall’s
great cases was Marbury v. Madison in 1803.
The case established once and for all the right
of judicial review, upholding the Supreme
Court’s power to review legislation and to
overrule acts of Congress and of state legisla-
tures that it considered unconstitutional.
One of the most famous cases to come
before the court during Marshall’s tenure was
McCulloch v. Maryland in 1819. It established
the principle that the Constitution granted
certain implied powers to Congress—in this
case, the power to create a U.S. bank.
The decision also established the principle
that the U.S. Constitution could be broad-
ly interpreted, thereby making it a flexible
instrument that could support the federal
government as the future unfolded.
Marshall died in Philadelphia on July 6,
1835. According to tradition, the Liberty
Bell cracked while being tolled in mourning
for him.
On Apr. 25, 2005, the U.S. Mint launched
sales of the 2005 Chief Justice John Marshall
commemorative silver dollar, marking the
250th anniversary of Marshall’s birth.

February 2017 57

Untitled-1 57 12/28/16 2:09 PM


STACKS/BOWERS
1801 Half Dime
President Jefferson had long op-
posed paying tribute to protect American
shipping from the pirates who operated
from the Barbary states on the coast of
northern Africa.
In 1801, the pasha of Tripoli, in what is
now Libya, demanded tribute money beyond
the amount fixed by treaty. When Jefferson
refused the demand, war ensued.
Jefferson sent warships to blockade Tripoli,
and Stephen Decatur, a young naval offi-
cer, distinguished himself in several daring
actions.
The war with Tripoli did not end until
1805, when Capt. William Eaton led a force
of Marines and other soldiers across 600
miles of desert to capture the town of Dar-
nah in Tripoli. The pasha agreed to make
peace and forgo the payment of tribute from
the United States.
This is why the “Marine Corps Hymn” refers
to “the shores of Tripoli.”
The 230th anniversary of the U.S. Marine
Corps was celebrated by the U.S. Mint with
the issuance of a commemorative silver dollar
in 2005.
Never underestimate the loyalty and pride
of Marines, their families and their admirers.
More than 200,000 of the coins were sold in
the first two days.
It became obvious that the 2005 Marine
Corps coin would sell out its legislative limit
of 500,000 coins. So Treasury Secretary John
W. Snow exercised his statutory discretion to
increase the total mintage by another 100,000
coins—the first time a Treasury secretary has
HERITAGE
used this power.
Secretary Snow was right. All 600,000 coins
58 www.coinagemag.com
sold within two months.
The legend on the coin’s reverse tells it all:
SEMPER FIDELIS (Always Faithful).
Russia’s Paul I was murdered in his bed-
room at St. Michael Palace in St. Petersburg
on March 11, 1801, in a conspiracy put to-
gether by court nobles.
Paul’s rule had grown increasingly despotic
and unbalanced in the four years since he
had succeeded upon the death of his mother,
Catherine the Great. The general consensus
was that he was insane.
Paul was succeeded by his 23-year-old son,
who reigned until 1825 as Alexander I. Under
Alexander, the Russians defeated Napoleon’s
invading army in 1812 and extended Russian
rule into Finland and parts of Poland.
The mintages of U.S. half dimes and
dimes had slacked off a bit, with none being
produced in 1799.
1801 Eagle ($10 gold)
To meet demand, the Mint made about
34,000 each of the half dimes and dimes in
1801. Both display the Draped Bust design on
the obverse and Robert Scot’s new Heraldic
Eagle design on the reverse.
The 1801 half dimes usually are found in
low grades, and most of them were poorly
struck to begin with. Weak areas often appear
in Liberty’s drapery and hair and on the
eagle’s wing.
The 1801 half dime starts at about $1,200 in
Good, $2,000 in Fine and $4,000 in VF-20.
Uncirculated example do exist, and a solid
MS-60 probably would sell for about $20,000
today.
The 1801 dime also is typically found in
low grades, and some of the coins exhibit
pits on the reverse that were caused by
rusty dies.
The 1801 dime sells for about $1,000 in
Good, $1,800 in Fine and $20,000 in AU-55.
There are about a half-dozen uncirculated
1801 dimes in existence and if they were to
appear on the market today, prices probably
would start in the $35,000 range.
The Battle of Copenhagen on Apr. 2,
1801, resulted in the defeat of a Danish fleet
by a British armada of 18 ships commanded
by Sir Hyde Parker, 62.
When the going got tough during the battle,
Parker gave the signal to withdraw.
His second-in-command, Horatio Nelson,
pretended not to see the signal and led the
British ships to victory.
Parker was recalled and Nelson was given
command of the fleet.
COINage
 PUBLIC DOMAIN

Vice President Aaron Burr

In 1805, Nelson’s victory over a combined

French and Spanish fleet in the Battle of Tra-
falgar would cement his reputation as Britain’s
greatest naval hero.
Nelson was wounded by a French sharp-
shooter at Trafalgar and died in the battle’s
final moments.

Quarter dollars have been popular There are now

with collectors in recent years, thanks to the 3 ways
50 State Quarters program of 1999 to 2008 to keep up with
and the current influx of America the Beau-
tiful quarters.
BREAKING NEWS
But back in 1801, the quarter wasn’t very in numismatics between issues
popular at all. The Mint made none in 1801
and, in fact, the only U.S. quarters in exis-
of COINage
tence at the time were the 6,146 coins struck
in 1796.
w w w.coi nagem a g.co m
The half dollar was another story. Even
though we rarely see this coin in circulation
today, it was very popular in the early 19th (www.facebook.com/pages/COINage-magazine/
century.
The Mint turned out 30,289 halves dated 208751347999?sk=wall)
1801, and the designs were the same as on the
year’s dimes and half dimes.
The 1801 half dollar typically is found in (twitter.com/#!/coinagemag)
low grades and is extremely rare in mint
condition.
This coin sells today for about $800 in Good,
$5,000 in Very Fine and $12,000 in AU-55.
If an uncirculated example could be found,
it probably would fetch at least $33,000, pos-
sibly much more.

February 2017 59

Untitled-1 59 12/28/16 2:12 PM


STACKS/BOWERS
1801 Half Dollar
Frankfurt moneylender Meyer Amschel
Rothschild, 58, became an agent of the British
Crown in subsidizing European opposition
to Napoleon Bonaparte in 1801. His five sons
would establish important banking houses
in London, Vienna, Naples and Paris and his
family would become the world’s preeminent
financial powerhouse for much of the 19th
century.
Also in 1801, Richard Trevithick attached a
steam engine he’d built to a road carriage, and
it became the first steam vehicle to carry pas-
sengers. Development of the first locomotives
would follow a few years later.
France’s National Convention made the
metric system compulsory in France, and
most Europeans followed suit. Bucking the
trend were Britain and the United States.
The musical superstar of the day was Nocolo
Paganini, 17, a violinist whose virtuosity had
all of Europe agog.
Back in America, multitalented Alexander
Hamilton founded a Federalist newspaper,
The New York Evening Post, on Nov. 16, 1801.
The Mint already had made about 1.3
million silver dollars since 1794, and in 1801
it produced another 54,454 dollars.
Like the other silver coins of the year, the
1801 dollar displays the Draped Bust/Heral-
dic Eagle designs. There are a few minor
die varieties, although none commands large
premium prices.
Today’s collectors can obtain the 1801 silver
dollar for about $800 in Almost Good, $2,000
in Fine, $5,000 in EF-40 and $10,000 or more
in AU-55. The coin is virtually unknown in
mint condition.
60 www.coinagemag.com
John Chapman arrived in the Ohio Val-
ley in 1801 with apple seeds he had collected
from Philadelphia cider presses.
By planting the seeds and spreading the
word to settlers, he made the Ohio Valley a
rich source of apples and earned the nick-
name “Johnny Appleseed.”
Much of what is known about Johnny
Appleseed is mixed with legend. He was
apparently a very religious man who traveled
barefoot, wearing shabby clothing and a tin
pot as a hat.
He became a symbol for the westward
expansion of America and was celebrated in
a popular 1923 poem by Vachel Lindsay, “In
Praise of Johnny Appleseed”:
Johnny Appleseed swept on
Every shackle gone
Loving every sloshy brake
Loving every skunk and snake
Loving every leathery weed
Johnny Appleseed, Johnny Appleseed
1801 Thomas Jefferson Inaugural Medal
Lindsay, by the way, was an innovator of
“jazz poetry” and was one of the most cel-
ebrated American poets of the 1920s. But his
reputation, family life and mental state began
deteriorating and in 1931, he committed sui-
cide by drinking a bottle of Lysol.
The world was a lot smaller back in 1801,
especially the Western world.
London was the largest European city,
with a population of 864,000, followed by
Constantinople with 598,000 and Paris with
548,000.
Kyoto, Japan, had 530,000 people while
Madras had 300,000, Berlin had 183,000,
Manchester had 75,000 and an estimated
60,500 people resided in New York.
Stockholm was little more than a town in
1801, with 6,000 people, and a count of Pitts-
burgh’s population revealed it was home to
just 1,565 people.
The world’s largest city in 1801 was Canton,
China, with 1.5 million residents.
Census-taking dates back to ancient times.
Censuses were taken in ancient Babylon,
Egypt, Greece and Rome. England revived
the practice in the 1600s, and by 1801 many
countries had followed suit.
Worldwide, the populations of countries in
1801 were estimated as follows:
China: 295 million; India: 131 million;
Russia: 33 million; France: 27 million; the
Ottoman Empire: 21 million; Japan: 15 mil-
lion; the German states: 14 million; Spain and
Britain: 10 million each; Ireland 5 million;
Egypt: 2.5 million.
The United States’ population was esti-
COINage
 PUBLIC DOMAIN

Jonathan “Johnny Appleseed” Chapman

mated at 5.3 million, and about 1 million

lived on the rugged frontier west of the
Alleghenies.

The Mint made 44,344 eagles ($10 gold

pieces) in 1801, and this was the only gold de-
nomination struck during the year.
These coins carry Scot’s Heraldic Eagle
design on the reverse, but the obverse displays
the Capped Bust Liberty design developed by
Scot in 1795. Today, the 1801 eagle sells for
about $15,000 in Very Fine, $17,000 in EF-45
and more than $30,000 in MS-60.
Breen lists a rare variety described as having
a “close date, eighth star far from cap, reverse
of 1799-1800.”

The prices of the U.S. coins of 1801 are

admittedly pretty high for anyone wanting a
memento of that year.
Luckily, the year 1801 is entirely relevant in
today’s modern U.S. coinage.
You can honor the year by adding a 2005
Marine Corps silver dollar to your collection,
or perhaps a 2005 Chief Justice John Marshall
commemorative would fit the bill.
And if you’re as poor as old John Chapman
… well, just locate a 2004 Jefferson Peace
Medal nickel and plant an apple seed.
The nickel might not be worth much in the
future, but the tree might pay dividends.

February 2017 61

Untitled-1 61 12/28/16 2:13 PM


Give it a Grade
I
n an article by Joshua McMorrow-Hernandez, he states simply,
“Coin grading is the process you go through to judge a coin’s state
of preservation based on the amount of wear it has.”
That might be an oversimplification, but it gets the point across:
Wear—how much rubbing a coin has undergone—is the number one
mark of a coin’s grade. Knowing how to grade your own coins is one
of the most important skills a coin collector can learn, but it is a skill
that takes practice and time.
When you are able to start grading coins, you can:
• more easily determine your coins’ value;
• know what to pay for coins at a coin dealer or online site; and
• better determine the quality of a coin for yourself.
The main reason for grading a coin is to get an idea of the coin’s
market value based on its original mint strike, how well the metal
itself has been preserved, and how worn the coin has become since
it was minted.
The wear is based on a numerical grading scale, the Sheldon Scale,
ranging from 1 to 70.
• Grades 1 through 49 are circulated coins, like the ones you receive
1 2
4 5
ANSWERS: 1. Circulated; 2. Uncirculated; 3. Uncirculated; 4. Circulated; 5. Circulated; 6. Uncirculated
62 www.coinagemag.com
by Marcy Gibbel
in cash transactions that end up as pocket change.
• Grades 60 through 70 are uncirculated coins, like the ones you’ll
find (or purchase) in a roll, set or bag from the U.S. Mint.
In the middle of those two categories lie 50-59, “about uncircu-
lated.” The coins show traces of light wear on many of the high points,
and at least half of the original mint luster is still present.
Each of those three categories contains its own “mini scale.” For
example, the circulated coins category ranges from P-1 to EF-49, with
varying points on the mini scale in between—Good, Fine, Extremely
Fine, etc.
Test Your Skills
Coin grading is a much broader topic than we can cover here. It is
also not an exact science. Keeping with the basics, give each of the
pictured coins a “word” grade, either circulated or uncirculated. Then
use the photos to help determine whether some of the coins in your
collection are circulated or uncirculated.
You probably already have a good idea about the grade of most
of your coins, but this type of practice can only make you a more
knowledgeable collector.
3
6
COINage
Valley View.indd 63 12/15/16 9:05 PM
 Numismatic Notebook
NEW COMMEMORATIVE
Lions Club International to Be Honored
[PHILADELPHIA, PENNSYLVANIA] The United States Mint will strike
and issue up to 400,000 silver dollar coins with designs representative of
the Lions Clubs International centennial.
The coin’s obverse features a portrait of founder Melvin Jones paired
with the Lions Clubs International logo. It is inscribed with “LIBERTY,”
“IN GOD WE TRUST,” “MELVIN JONES,” “FOUNDER,” and “2017.” The
obverse was designed by United States Mint Artistic Infusion Program
(AIP) Designer Joel Iskowitz and sculpted by United States Mint Sculptor-
Engraver Joseph Menna.

UNITED STATES MINT

The reverse depicts a family of lions superimposed over a globe. Inscrip-
tions are “UNITED STATES OF AMERICA,” “$1,” “E PLURIBUS UNUM,”
and “CELEBRATING 100 YEARS OF SERVICE.” The reverse was designed by AIP Designer Patricia Lucas-Morris and sculpted by United
States Mint Sculptor-Engraver Don Everhart.
The price of each Lions Clubs International Centennial Silver Dollar will include a $10 surcharge that is authorized to be paid to the Lions
Clubs International Foundation to further its programs for the blind and visually impaired in the United States and abroad; invest in adaptive
technologies for the disabled; and invest in youth and those affected by a major disaster.
The United States Mint is scheduled to announce the coin’s release date and additional pricing information.
On June 7, 2017, Lions Clubs International will celebrate 100 years of community service to men, women, and children worldwide. Its 1.4
million members in more than 47,000 clubs provide humanitarian services in more than 200 countries.

COIN EXPO
Something for Everyone in Long Beach
[LONG BEACH, CALIFORNIA] The first of three Long Beach Expo shows is scheduled to run
from Feb. 16 through Feb. 18. The show’s hours are Thursday
10 a.m.-7 p.m., Friday 10 a.m.-7 p.m. and Saturday 10 a.m.-5
p.m. (limited dealers).
In addition to all of the coins and collectibles available for
sale, the Long Beach Expo often features special attractions,
like the Ship of Gold exhibit. There are also several other
activities and attractions for collectors of all levels and ages,
including:
• hundreds of dealers on an active bourse floor
• a multi-million dollar Signature Auction held by Heritage
Auction Galleries
• onsite coin grading by PCGS
• the Young Numismatists Treasure Hunt
• Kids Corner, hosted by the Long Beach Stamp Club
• seminars, educational forums and club meetings
The Expo is a great place for dealers to do business with each other, and for collectors to
establish lasting business relationships with dealers.

ON DISPLAY
Princeton Opens Permanent Coin Collection
[PRINCETON, NEW JERSEY] Members of the Princeton University Art Museum Student
Advisory Board (SAB) recently opened a permanent collection of ancient and medieval coins
at the museum.
The collection emphasizes the importance of numismatics and reflects the university’s
extensive collection of coins, said Dr. Alan Stahl, the university curator of numismatics.
The SAB consists of students dedicated to promoting student involvement at the
museum. Three undergraduates, Daniel Elkind, Constantin Weickart and Hannah Bau-
mann led the effort to create a more extensive gallery of coins at the library.
With more than 110,000 coins in its collections, the university has the largest coin collec-
tion of any university in the country. The assemblage includes coins, tokens, paper money,
medals and decorations.
“[The coin collection] is there primarily for educational use,” Stahl said. He added that
permanent nature of the exhibit makes it open to outside scholars for their research.

64 www.coinagemag.com COINage
Beckett Subs.indd 65 12/28/16 1:41 PM
 NOTICE TO COIN BUYERS
In looking at advertisements in COINage Magazine, the INDEX TO ADVERTISERS
reader should be aware that there is no precise or exacting
science for grading coins. Opinions of two viewers of Air-Tite Hol ders ..............................................59 Govmint ...........................................................9
the identical coin can, and do, differ, even when they are
those of experts, because perceptions as to the state of
preservation are not always identical. Antiques & Coins ...........................................39 Hobby Coin Exchange ....................................41
For grades that are circulated, there tend to be several
well-defined and uniform criteria that are utilized, but
the grades themselves may be different, because they Anything Any where ........................................47
represent an impression or indication as to the amount of
Kierstead Rare coins ......................................39
wear on a coin.
Uncirculated coins have no visible signs of wear, though Jack H. Beymer ........................................12, 27
they may have blemishes, bag marks, rim nicks, tarnish, Long Island Numismatics ..............................43
or may even be weakly struck (which often resembles
wear). In uncirculated condition, there are many different
Thomas B. Cederlind ......................................44
grading opinions, some of which are described adjectively,
M & R Coins & Stamps ................42, 43, 44, 45
others with numbers. Not all numbers have the identical
meaning. This depends on the grading standard utilized.
The value of the item to the buyer should be determined ChestnutCoi ns...............................................47
by the price, not the grade. Your examination of and McQueeney Coins ..........................................37
satisfaction with the coin should be the criterion, not the
grade represented by the seller, or a determination made Coast to Coast Coins ..................................... C4
by another. Norwood Coin Co. .................................... 16-17
Your best protection is your own knowledge and the trust
that has developed between you and the dealer over a Davisson’s ......................................................45
series of mutually satisfactory transactions.
All advertisers in COINage Magazine agree to a seven-day Palisades ..................................................44, 46
unconditional money-back guarantee for all items with Eagle ..............................................................57
the exception of bullion and bullion-like coinage, whose
dominant price element consists of the value of its pre- Pioneer Gem Corp..........................................48
cious metal.
Eastern Numi smatics .....................................61
If you are displeased with the purchase from an
advertiser in COINage Magazine and do not receive proper
satisfaction, please contact our advertising service depart- Simmons Scientific ........................................43
ment immediately. E & T Kointainer .............................................57
Standards for grading by advertisers must specify which
guideline or system is utilized. The notification may be Sarosi.............................................................13
within the context of the advertisement (if it varies from Empire Rare Coins .........................................48
item to item), or by means of the following symbols:
A American Numismatic Assoc. Grading Guide; N NCI;
N.F. String & Son Inc. ....................................41
NGC Numismatic Guaranty Corp. of America; P Photo- Estate Whol esalers .........................................42
grade;
PCGS Professional Coin Grading Service; PCI; ANACS;
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Some of these names are registered trademarks, or are
used under license. All uses in COINage Magazine shall be
strictly in accordance with such authorized use.
Gobrecht Numismatics ............................ 12-13 Valley View Coins ...........................................63
Any other grading standard or system utilized must be
specified. A combination of any of the above standards
may also be used if specified. If there is no symbol,
or other explanation, the reader must assume that the

GOLD & SILVER

advertiser’s grading standards are based upon his own
personal experience.
Uncirculated coins in mint state (MS) may be described
with numbers or adjectives. Unless the advertisement
indicates otherwise, the following standards are used:
MS-67: “Superb Brilliant Uncirculated” or “Superb Gem
Investor’s Guide
Uncirculated”;
MS-65: “Gem Brilliant Uncirculated” or “Gem Uncircu- This special Gold & Silver issue is a
lated”; broad collection of articles and analysis
MS-63: “Choice Brilliant Uncirculated” or “Choice
Uncirculated”; of today’s market.
MS-60: “Brilliant Uncirculated” or “Uncirculated.” • A 2020 Vision for Gold and Silver
COINage Magazine reserves the right, to which the ad-
• U.S. Pattern Silver Dollars
vertisers consent, to monitor all merchandise offered in its
pages and to make occasional test orders under assumed • Southern Gold
names to verify that coins are as advertised. Advertisers • Early United States Gold Coinage
must agree to adhere to the minimum standards set above
• and much more.
and understand and consent that violations may lead to
suspension of advertising privileges. Send $7.87* (includes p&h) check or money order payable to COINage
Inadvertent typographical errors occur. Advertisements
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sale. All prices are subject to change at any time without
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c/o Beckett Media, LLC, 4635 McEwen Rd, Dallas, TX 75244
*TX residents add 8.25% tax; Canadian/Foreign orders, please add $5.00.

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