The magazine for coin collectors and investors January 2019

0 1 COINAGE
U.S. $4.99 • Vol 55 No. 1
Issue code: 2019-01 • Jan. 2019
Display until 01/15/2019
Printed in the U.S.A.
0 71658 02039 9 coinagemag.com
 GOLD & SILVER PREDICTED TO SOAR - Commerzbank Predicts $1500 Gold and $20 Silver in 2019.

IRA Approved
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Gem Brilliant Uncirculated Condition
2019 $5 Gold American Eagle 2019 $1 Silver American Eagle
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is known as America’s Gold Expert.®
Graph based on performance of a $10,000 portfolio of
1991 $25 Gold American Eagles purchased in 2000.
This graph shows how a portfolio of multiple coins or fractions of a coin totaling $10,000 would have increased in
value over the time indicated that I have purchased them. I recommend at least a 5-10 year hold period on rare
coin purchases as these graphs show impressive gains and volatility can occur during a shorter time span. We all
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 January 2019 I Volume 55 I Number 1

8 16
GOLD AT $5,000 AN OUNCE 2019 AND THE NEW WORLD COIN ORDER
Imagining a Soaring Yellow Metal in 2019 Forecasts for Coins, Platinum, and Cryptocurrency
By Joshua McMorrow-Hernandez By James Passin

20 26 54
COIN INVESTING IS ABOUT THE DRAPED BUST CENT: A FORECAST FOR
MORE THAN GOLD 1796-1807 OUR HOBBY
Platinum Group Metals Increased Interest to Propel Looking for Solutions
Look Precious for 2019 Cents to New Heights in 2019 Beyond 2019
By Steve Voynick By R.W. Julian By Thomas J. Bilotta

On rare occasions, inadvertent typographic errors occur in coin prices listed in advertise-
DEPARTMENTS ments. For that reason, advertisements appearing in COINage should be considered as
requests to inquire rather than as unconditional offers of sale. All prices are subject to
It’s News to Me 4 change without notice.
PRINTED IN U.S.A.
Market Report 6
Price Guide 32
COINage Confidential 58 COINage (ISSN 0010-0455) is published monthly by Beckett Media LLC, 4635 McEwen Rd.,
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All rights reserved. Reproduction of any material from this issue in whole or in part is strictly prohibited.

Cover Photos: The Future of Gold: United States Mint; Secret Plans of the U.S. Mint: United States Mint; Lucky Pennies Worth Thousands: Goldberg;
Platinum is the New Gold: United States Mint
 FAST DEPENDABLE SERVICE

NORWOOD COIN QUALITY COINS

501 Columbia Turnpike • Rensselaer, NY 12144
CHOICE PROOF SETS
Government Issue Superior Quality
1954......................95.50
1955 FP...............125.50
1956......................61.50
1957......................29.50
1958......................32.50
1959......................29.50
1960......................28.50
1960 SD ................32.50
1961......................24.00
1962......................23.50
1963......................23.50
1964......................24.00
1968-S ....................7.50
1969-S ....................7.50
1970-S ..................11.50
1971-S ....................5.50
1972-S ....................5.50
1973-S ....................9.00
1974-S ..................11.00
1975-S ..................10.50
1976-S ....................9.50
1976-S 3pc ...........25.50
1977-S ....................8.50
1978-S ....................7.50
1979-S ....................8.50
1979-S T2 .............55.50
1980-S ....................6.50
1981-S ....................6.50
1982-S ....................6.00
1983-S ....................6.00
1984-S ....................6.00
1985-S ....................5.50
1986-S ....................7.50
CHOICE MINT SETS
Government Issue
1962........................42.50
1963........................35.50
1964........................32.50
1965 SMS ...............11.50
1966 SMS ...............11.50
1967 SMS ...............11.50
1968..........................8.50
1969..........................8.50
1970........................19.50
1971..........................5.50
1972..........................4.50
1973........................13.50
1974..........................7.50
1975..........................9.50
1976..........................9.50
1976 3pc .................18.50
1977..........................8.50
1978..........................8.50
1979..........................6.50
1980..........................7.00
1981........................11.50
1984..........................5.50
1985..........................5.50
1986..........................9.00
1987..........................5.50
1988..........................5.50
1989..........................4.50
1990..........................5.00
1987-S ....................5.50
1988-S ....................6.50
1989-S ....................5.50
1990-S ....................7.00
1991-S ...................5.50
1992-S ....................6.00
1993-S ....................6.50
1994-S ....................6.50
1995-S ..................11.50
1996-S ....................9.00
1997-S ....................9.50
1998-S ..................11.50
1999-S ....................9.50
2000-S ....................7.50
2001-S ..................11.50
2002-S ....................9.50
2003-S ....................8.50
2004-S ..................11.50
2005-S ....................7.50
2006-S ..................10.50
2007-S ..................16.50
2008-S ..................35.00
2009-S ..................24.50
2010-S ..................35.50
2011-S ..................35.50
2012-S ................119.00
2013-S ..................35.50
2014-s ..................39.50
2015-S ..................37.50
2016-S ..................50.00
2017-S ..................32.00
2018-S ..................31.50
1991..........................6.00
1992..........................5.50
1993..........................6.50
1994..........................5.50
1995..........................5.50
1996........................19.50
1997..........................5.50
1998..........................5.50
1999..........................9.50
2000..........................9.50
2001..........................9.50
2002..........................9.50
2003........................11.50
2004........................10.50
2005..........................9.50
2006........................10.50
2007........................20.50
2008........................35.00
2009........................25.50
2010........................24.50
2011........................24.50
2012........................69.50
2013........................30.50
2014........................30.50
2015........................30.00
2016........................34.00
2017........................25.95
2018........................25.95
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....................................................................19.95 5 DIFF MERCURY 10¢* CH BU ............................................................39.00
1909-VDB LINC 1¢ CH BU R/B ...........................................................19.95 5 DIFF PRE 1965 SILVER* ROOSEVELT 10¢ GEM PF...........................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 ..............................................................29.95
1913 T2 BUFFALO 5¢ CH BU ..............................................................34.95 10 DIFF CLAD PRF*WASH 25¢ PRE 1999 .............................................9.95
1938 JEFFERSON 5¢ CH BU ...............................................................12.95 5 Diff WALK LIB 50¢* CH AU ...............................................................99.00
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
3 DIFF FRANKLIN 50¢* GEM PROOF ...................................................45.00
1932 WASHINGTON 25¢ CH BU..........................................................29.00
1964 KENNEDY 50¢ GEM PROOF .......................................................19.00 10 DIFF KENNEDY 50¢* GEM CLAD PROOF........................................29.95
1971-S TO 1974-S SIL IKE $ALL 4 CH BU..........................................45.00 *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 1900-O ............... 44.00 Peace Dollars ..........
1878 7F .............. 89.00 1882-O ............... 49.00 1888-O ............... 72.00 1900-S .............. 295.00 1923 S ................ 46.00
1878 8F ............ 170.00 1882-S ................ 57.00 1888-S .............. 325.00 1901-O ............... 49.00 1924.................... 32.00
1878 7/8 ........... 170.00 1883.................... 49.00 1889.................... 40.00 1901-S .............. 519.00 1924 S .............. 239.00
1878-S ................ 69.00 1883-O ............... 40.00 1889-S .............. 255.00 1902.................... 85.00
1925.................... 34.00
1878-CC ........... 385.00 1883-CC ........... 205.00 1890.................... 44.00 1902-O ............... 49.00
1879.................... 59.00 1884.................... 49.00 1890-O ............... 85.00 1903.................... 62.00 1925 S ................ 95.00
1879-O ............... 99.00 1884-O ............... 40.00 1890-S ................ 70.00 1903-O ............. 390.00 1926.................... 55.00
1879-S ................ 55.00 1884-CC ........... 195.00 1891.................... 70.00 1904.................. 125.00 1926 D ................ 85.00
1880.................... 47.00 1885.................... 40.00 1891-S ................ 85.00 1904-O ............... 52.00 1926 S ................ 55.00
1880-O ............... 99.00 1885-O ............... 40.00 1896.................... 44.00 1921.................... 42.00 1927.................... 79.00
1880-S ................ 52.00 1885-S .............. 255.00 1897.................... 44.00 1921-D................ 45.00 1927 D .............. 175.00
1880-CC ........... 490.00 1885-CC ........... 695.00 1897-S ................ 82.00 1921-S ................ 45.00 1928.................. 399.00
1881.................... 55.00 1886.................... 43.00 1898.................... 44.00 Peace Dollars ..........
1928 S .............. 189.00
1881-O ............... 55.00 1886-S .............. 325.00 1898-O ............... 50.00 1922.................... 32.00
1881-S ................ 52.00 1887.................... 43.00 1898-S .............. 249.00 1922 D ................ 47.00 1934.................. 115.00
1881-CC ........... 495.00 1887-O ............... 75.00 1899.................. 245.00 1922 S ................ 48.00 1934 D .............. 125.00
1882.................... 47.00 1887-S .............. 129.00 1899-O ............... 49.00 1923.................... 32.00 1935.................... 80.00
1882-CC ........... 205.00 1888.................... 49.00 1900.................... 45.00 1923 D ................ 75.00 1935 S .............. 270.00
COMMON DATE ROLLS COMPLETE SETS
Full G & Better (BU Sets in Deluxe Album)
Indian Cents (50 pcs.) .................................................... 69.00 G/VG or Better CH BU
Liberty Nickels (40 pcs.) ................................................ 49.00
Lincoln Cents (1941-1958) R / B .....................................................................7.95 ....................................69.00
Buffalo Nickels (40 pcs.) Full Date ................................. 28.00
Barber Dimes (50 pcs.) ................................................ 139.00 Jefferson Nickels (1938-1961) ......................................................................49.00 (38-64) 340.00
Mercury Dimes (50 pcs.) ............................................... 89.00 Roosevelt Dimes (1946-1964) .......................................................................79.00 ..................................249.00
Walking Lib. Halves (20 pcs.)* ..................................... 169.00
Washington Quarters (1941-1964) ..............................................................469.00 ..................................719.00
Kennedy Halves (1964) (20 pcs.) BU ........................... 169.00
Morgan Dollars VF/XF ( NO 21) .................................... 489.00 Franklin Halves (1948-1963) .......................................................................255.00 ..................................760.00
Mixed Dates of Our Choice Peace Dollars (1921-35) F & Better .............................................................950.00 .........................................—
SEND OR CALL US 518-477-2193
Eisenr. Dollars (Incl. Prfs.) 32 Coins.....................................................................— ..................................199.00
FOR FREE MONTHLY
PRICE LIST S.B.A. Dollars (Incl. Prfs.) 18 Coins......................................................................— ..................................249.00

SILVER PROOF SETS
1992-S ....................20.50
1993-S ....................27.50
1994-S ....................25.50
1995-S ....................50.50
1996-S ....................28.50
1997-S ....................33.50
1998-S ....................24.50
1999-S ....................85.50
2000-S ....................33.50
2001-S ....................45.50
2002-S ....................37.50
2003-S ....................37.50
2004-S ....................37.50
2005-S ....................37.50
2006-S ....................37.50
2007-S ....................42.50
2008-S ....................42.50
2009-S ....................49.50
2010-S ....................49.50
2011-S ....................65.50
2012-S ..................215.50
2013-s ....................65.50
2014-s ....................59.50
2015-S ....................59.50
2016 -S ...................75.00
2017 -S ...................58.00
2018 -S ...................58.00
SEND OR CALL US AT 518-477-2193 FOR FREE MONTHNLY PRICE LIST
CH BU GEM PROOF
1986........................... 30.00 ......................42.95
1987........................... 22.00 ......................42.95
1988........................... 26.00 ......................42.95
1989........................... 26.00 ......................42.95
1990........................... 26.00 ......................42.95
1991........................... 26.00 ......................42.95
1992........................... 26.00 ......................42.95
1993........................... 26.00 ......................59.95
1994........................... 37.00 ....................129.00
1995........................... 29.00 ......................49.00
1996........................... 59.00 ......................49.00
SILVER EAGLES
CH BU GEM PROOF
1997........................... 30.00 ......................49.00
1998........................... 24.00 ......................45.00
1999........................... 24.00 ......................45.00
2000........................... 20.50 ......................45.00
2001........................... 20.50 ......................42.00
2002........................... 20.50 ......................42.00
2003........................... 20.50 ......................42.00
2004........................... 20.50 ......................42.00
2005........................... 20.50 ......................42.00
2006........................... 20.50 ......................42.00
2007........................... 20.50 ......................42.00
CH BU GEM PROOF
2008........................... 20.50 ......................42.00
2009........................... 20.50 ..........................n/a
2010........................... 20.50 ......................42.00
2011........................... 20.50 ......................42.00
2012........................... 20.50 ......................42.00
2013........................... 20.50 ......................42.00
2014........................... 20.50 ......................42.00
2015........................... 20.50 ......................42.00
2016........................... 20.50 ......................53.95
2017........................... 24.00 ......................55.00
2018........................... 20.50 ......................59.00

2
 Strictly Graded
STRICTLY GRADED
Better Date FRANKLIN HALVES* WALKING LIBERTY*
CIRCULATED
CH CH/Brilliant
TYPE COINS MORGAN & PEACE AU Uncirculated
1948................................... 15.00 ...................19.00
IN CHOICE GRADES DOLLARS 1948-D ............................... 17.00 ...................21.00
(DATES OF OUR CHOICE) Date VF XF AU 1949................................... 17.00 ...................32.00
CH VF CH XF 1879-CC 295.00 719.00 $ — 1949-D ............................... 35.00 ...................69.00
1/2¢ DRAPED (1800-08) 220.00 390.00 1883-S 35.00 49.00 109.00 1949-S ............................... 39.00 ...................89.00
1/2¢ CLASSIC (1809-36) 85.00 99.00 1884-S 45.00 75.00 199.00 1950................................... 17.00 ...................32.00
1/2¢ BRAID (1849-57) 85.00 99.00 1885-S 49.00 60.00 119.00 1950-D ............................... 19.00 ...................29.00
1¢ CLASSIC (1808-14) 895.00 $- 1886-S 85.00 115.00 149.00 1951................................... 17.00 ...................19.00
1951-D ............................... 22.00 ...................35.00 ior
Super
1¢ CORONET (1816-39) 63.00 125.00 1888-S 140.00 160.00 190.00
1951-S .................................... — ...................29.00 CH CH/Brilliant
1890-CC 105.00 139.00 219.00 y!
Qu t
1¢ BRAIDED (1839-57) 35.00 50.00 a li
1891-CC 105.00 139.00 209.00 1952................................... 17.00 ...................19.00 AU Uncirculated
1¢ FLYING EAGLE 45.00 125.00
1891-O 30.00 36.00 45.00 1952-D ............................... 17.00 ...................19.00
1¢ 1859 INDIAN 42.00 95.00 1941................................... 21.00 .....................29.00
1892 42.00 52.00 82.00 1952-S .................................... — ...................85.00
1¢ IND. C.N. (1860-64) 25.00 45.00 1941-D ............................... 21.00 .....................35.00
1892-CC 230.00 419.00 619.00 1953................................... 19.00 ...................25.00
1¢ IND BR (1864-09) 4.50 9.00 1941-S ............................... 29.00 .....................79.00
1892-O 35.00 49.00 65.00 1953-D ............................... 17.00 ...................19.00
2¢ PIECE (1864-73) 25.00 40.00
1892-S 120.00 310.00 1,500.00 1953-S .................................... — ...................39.00 1942................................... 19.00 .....................29.00
3¢ NICKEL (1865-81) 22.00 35.00
1893 290.00 270.00 390.00 1954................................... 19.00 ...................19.00 1942-D ............................... 23.00 .....................42.00
3¢ SILVER (1851-73) 59.00 65.00
1893-CC 625.00 1,495.00 — 1954-D ............................... 19.00 ...................19.00 1942-S ............................... 23.00 .....................45.00
1/2D BUST (1829-37) 99.00 150.00 1954-S ............................... 22.00 ...................28.00
1/2D STD STRS (1838-60) 27.00 57.00 1893-O 349.00 525.00 800.00 1943................................... 21.00 .....................29.00
1894-O 50.00 95.00 269.00 1955................................... 18.00 ...................24.00
1/2D STD ARRS (1853-55) 27.00 57.00 1956................................... 17.00 ...................21.00 1943-D ............................... 25.00 .....................49.00
1/2D STD LEG (1860-73) 28.00 44.00 1894-S 109.00 189.00 479.00
1895-O 275.00 450.00 1957................................... 17.00 ...................21.00 1943-S ............................... 24.00 .....................49.00
5¢ SHIELD RAYS (1866-67) 85.00 139.00 1957-D ............................... 17.00 ...................22.00 1944................................... 21.00 .....................37.00
1895-S 595.00 950.00 —
5¢ SHIELD NR (1867-83) 36.00 59.00 1958................................... 15.00 ...................19.00
1896-O 40.00 49.00 149.00 1944-D ............................... 24.00 .....................49.00
5¢ LIBERTY NC (1883) 10.00 12.00 1958-D ............................... 15.00 ...................19.00
1896-S 49.00 220.00 795.00 1944-S ............................... 35.00 .....................49.00
5¢ LIBERTY WC (1883-12) 12.00 29.00 1959................................... 15.00 ...................19.00
1897-O 40.00 49.00 95.00 1945................................... 23.00 .....................29.00
5¢ BUFFALO (1913 T1) 19.00 21.00 1959-D ............................... 15.00 ...................19.00
1901 55.00 99.00 290.00
10¢ SM SZ BUST (1829-37) 79.00 249.00 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 47.00 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) 32.00 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) 22.00 30.00 1961-D ............................... 14.00 ...................18.00
1928 239.00 269.00 299.00 1946-D ............................... 42.00 .....................55.00
10¢ BARBER (1892-1916) 8.00 24.00 1962................................... 14.00 ...................18.00
1934-S 75.00 139.00 319.00 1946-S ............................... 42.00 .....................55.00
20¢ PIECE (1875-78) 175.00 215.00 1962-D ............................... 14.00 ...................18.00
25¢ SM SZ BUST (1830-37) 149.00 370.00 1963................................... 13.00 ...................15.00 1947................................... 24.00 .....................49.00
25¢ STD N.M. (1838-66) 40.00 69.00 MORGAN DOLLAR 1963-D ............................... 13.00 ...................15.00 1947-D ............................... 32.00 .....................59.00
25¢ STD ARRS/RAYS (1853) 42.00 159.00
Choice Brilliant Uncirculated *Group of 6 Different
25¢ STD ARRS (1854-55) 42.00 75.00 1921 PDS (all 3)
Starter Groups
25¢ STD W.M. (1867-91)
25¢ BARBER (1892-12)
38.00
27.00
65.00
55.00
Silver Kennedy Halves MORGAN
25¢ S.L. T1 (1917) 79.00 115.00 5 Diff Pre 1900 CH Brilliant
25¢ S.L. T2 (1925-30) 14.00 30.00 Ch BU* Uncirculated DOLLARS
50¢ CAP BUST (1807-36) 89.00 149.00 $ “P” Mints 65, 66, 67, Ch BU
50¢ BUST R.E. (1836-39) 120.00 190.00 68-D, 69-D and
50¢ STD N.M. (1839-66) 79.00 119.00 $229.00 the key date 70-D $129.00
5 Diff. Pre 21 Per Group
50¢ STD A/R (1853)
50¢ STD ARRS (1854-55)
95.00
80.00
249.00
135.00 Ch BU*
$39.00 Per Group
50¢ STD W.M. (1866-91) 80.00 110.00
50¢ BARBER (1892-1915) 119.00 185.00
$ “O” Mints GEORGE STATUE OF
$1 STD N.M. (1840-66) 425.00 520.00 $229 .00 WASHINGTON
$1 STD W.M. (1867-73) 425.00 500.00 5 Diff. Pre 21 LIBERTY
$1 TRADE (1873-85) 185.00 275.00
Ch BU* SILVER COMMEMS
$ “S” Mints COMMEM PROOFS
COMMEMORATIVE HALF $249.00 Original Boxes
HALF DOLLARS
DOLLARS 3 Diff. “CC” 1982-S Mint Seated Proof . . . . . 9.95
1986-S Proof 50¢ . . . . . . . . . . . . 4.50
Ch BU* 1986-S 2 pc. Proof Set . . . . . . 26.00
Choice B.U. 1982-D Mint Seated BU. . . . . . . 9.95
$ Dollars
Group of 4 Different Roll of 20 Mixed Date
$599.00
20 Diff. Dates BUST PEACE
Ch BU* DOLLARS
$ Pre 21
HALVES
Very Fine and Better Very Sel. BU
$895.00 / Roll
Albany ............................................................. 215.00
*Dates of Our Choice
$319.00 $629.00
Arkansas ........................................................... 95.00 Dates of our choice Roll
Boone .............................................................. 139.00
S
NORWOOD COIN
Bay Bridge ....................................................... 139.00
Calif. Jubilee .................................................... 189.00 TRY U
Y !
TODA
Columbian Expo (1893)...................................... 29.00
Connecticut ..................................................... 220.00
Delaware ......................................................... 209.00 501 COLUMBIA TNPK • RENSSELAER, NY 12144
Grant ............................................................... 130.00
Huegenot ......................................................... 129.00 Phone Please add $7.95 Fax
Lexington........................................................... 85.00 for postage and insurance
Maine .............................................................. 135.00 518-477-2193 per order. 518-477-2194
Oregon Type .................................................... 155.00
Pilgrim Type (1920)............................................ 90.00 Coins must be shipped to credit card holders billing address.
Rhode Island...................................................... 99.00 Personal Checks & M.O. Gladly Accepted. Add $7.95 Postage & Insurance on total order. MON.-FRI.
San Diego Type (1935-S) ................................... 99.00 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.
Sesquicentennial ............................................... 90.00 SAT.
Coins removed from original holder are considered sold. All coins guaranteed genuine.
Stone Mountain ................................................. 65.00 10am to 3pm est
Texas Type ....................................................... 139.00 *Prices subject to change due to market conditions.
York ................................................................. 159.00 TRY US TODAY
3
IT’S NEWS TO ME by Donn Pearlman

Don’t Let
EDITORIAL
Market
MAGGIE JUDKINS
Editorial Director Cycles
SCOTT A. TRAVERS
Executive Editor Take You
Editorial Correspondence:
MAGGIE JUDKINS
(218) 390-6841
for a Ride
Close-up view
editor@coinagemag.com of a 1960-P Look at the past to anticipate
small date
Lincoln cent. the coin market’s future
CONTRIBUTING WRITERS
DONN PEARLMAN

E
ach new year usually is a time of
MIKE FULJENZ
optimistic anticipation. It’s viewed
DAVID L. GANZ
by many as a fresh start to personal
R.W. JULIAN
lives and for some hobbyists and dealers,
JOSHUA MCMORROW-HERNANDEZ
also a fresh start for the rare coin market.
TOM DELOREY
One of the world’s largest numismatic events
CRYPTOCURRENCY EDITOR is held each January, the Florida United
JAMES PASSIN Numismatists (FUN) convention, and market
ART DEPARTMENT watchers monitor the FUN show auctions
and convention floor activity as a sort of a
LINDSEY JONES - Art Director
crystal ball for the coming year.
ERIC KNAGG - Design
What will happen in the coin market
in 2019? An important lesson long-time
PRICE ANALYST
collectors and dealers learn is that the rare
SAM ZIMMER coin market, like the stock and real estate
markets, will move in up and down cycles.
ADVERTISING
Yes, undoubtedly, “trophy” coins of historical
TED BARKER
importance, great rarity and superb condi-
Senior Sales Executive
tion, will sell for record prices. But the overall
tbarker@beckett.com
(972) 448-9147 market has been slow the past year for some
coin series and grades. That is not necessarily
ALEX SORIANO
bad. It offers a great time for collectors to
Advertising Sales Executive
alex@beckett.com take advantage of lower prices to add items
(619) 392-5299 to their collections.
A few of the market boom and bust cycles
PRESIDENT that I’ve personally observed are especially
SANDEEP DUA memorable.
In the early 1960s, the coin market was
FOUNDER
obsessed with coins by the roll. Why
JAMES L. MILLER
purchase one uncirculated Franklin half
SUBSCRIPTION QUESTIONS?
dollar when you can buy 40 of the same
(855) 777-2325 date and mint at one time? Another factor
subscriptions@beckett.com in the boom was discovery of small date
and large date variety 1960 Lincoln cents.
The 1960 Philadelphia small date cent
increased in price. I was able to obtain an
uncirculated roll for face value, 50 cents,
because a coin-collecting friend bought it
at a Philadelphia bank while on vacation. In
early 1964, I sold the roll for $400, a rather
large sum of cash for a high school student at
the time. Today, uncirculated rolls of 1964-P
small date cents sell for about $100.
In the late 1970s, the coin market as well as
gold and silver prices roared along with dou-
ble-digit inflation. The weekly price jumps
for almost any Mint State rare coin came to a
dead stop about the same time the prices of
gold and silver crashed in the spring of 1980.
In the late 1980s, speculators created anoth-
er numismatic boom when several power-
house Wall Street firms entered the market
by offering limited partnerships in rare coins.
There were potential conflicts of interest.
One brokerage firm’s partnership prospectus
indicated the managing partners could be
buying and selling items from their own
holdings. Within a few years, that firm termi-
nated the partnership and refunded investors’
money, although some other coin-related
investment funds have performed well.
Don’t let the rare coin market cycles take
you for a ride. Enjoy your collection each
day, and think long-term. Hopefully, it will
be the reflection of your smiling face you see
the next time you look at the crystal ball.
Donn Pearlman is a recipient of the highest awards
presented by the American Numismatic Association,
Numismatic Literary Guild, and Professional
Numismatists Guild.

4 COINAGEMAG.COM
Double Down on Eleven
Now in its 11th Year, CAC Reaches over 1.1M Coins
CAC enters its eleventh year - continuing to build an incredible record that has revolutionized
the market. Founded in 2007 by leading members of the numismatic community, CAC’s mission
was to establish stringent standards for quality within a grade. Today, the CAC sticker is the
recognized mark of a quality coin. When it comes to conidence in the value of a coin, you can
double-down with CAC.

Over 1.1 Million Coins Evaluated (insured value $5.5 billion, average value $5,000.00)
Team of 4 Expert Graders (from 36- 47 years of professional experience)
CAC is the premier market maker for its stickered coins (over $550,000,000 in sales!)
CAC coins continue to bring a premium in the market

11 Years of Providing Conidence in a Coin’s Value

C now
C A over ers
a s
h emb
m
“Because Conidence is Priceless” 1900
www.caccoin.com
MARKET REPORT
My Big-Bucks,
Penny-Pinching Idea
Discontinue the Cent
P
resident Trump wants each U.S. department to cut ive
percent in costs. Everyone has an idea for cutting small
amounts, but we have to think bigger to make a dent in a
public debt that is $21 trillion and growing by about $1 trillion
each year. When it comes to the U.S. Mint and Bureau of Engrav-
ing and Printing (BEP), I have made the most cost-efective
suggestion many times over the last ive years: Kill the penny!
In 2013, I wrote about how the U.S. Mint lost $58 million in
2012 by producing six billion pennies. Each Lincoln cent cost
Uncle Sam about two cents in materials, labor and distribution
in 2012. he cost varies each year with the price of copper and
zinc, but it always costs more than a penny to mint a penny. In
2016, the U.S Mint produced 9.1 billion cents at a cost of 1.5
cents each for a loss of $45 million. he Treasury has run deicits
on penny production every year since 2006, losing a cumulative
$600-plus million. By ceasing to produce pennies, they can free
up resources to pour into more proitable projects. he U.S. Mint
and the BEP are two of the most proitable agencies in the U.S.
government, contributing to reducing the U.S. deicit.
Cents represent three-quarters of all the coins made by the
Mint, so why let the money-loser run the shop? he public
dislikes cents. Shop owners generally dislike them, too. No
vending machines take them. It has also been suggested that
further savings could be gained by making the nickel out of steel
or eliminating it, too. Canada has shown us how to do this pain-
lessly. Faced with the same situation, the Canadian government
dumped its one-cent piece coins – a mainstay from that nation’s
founding in 1867 until 2012 – and it is doing just ine six years
later. Canadians adjusted without diiculty by rounding up or
down to the nearest ive-cent level. he last time I visited Canada
in 2015, everyone loved their penny-less society.
If you want to talk about real savings, you can save $13.8
billion over the next 30 years by replacing one-dollar bills with
one-dollar coins. I previously wrote about the late Senator John
McCain (R-AZ) co-sponsoring a bill to make this happen. Maybe
now is the time to pass such a bill in his memory. But I’ll save
that argument for ater we discontinue the penny.
Notes from the U.S. Mint Forum
On Wednesday, October 17, 2018, I attended an all-day U.S.
Mint Forum held at the Bureau of Engraving and Printing
(BEP) in Washington, D.C. About 50 prominent members of the
numismatic community gathered to listen to and provide input
to a group of U.S. Mint and BEP staf and leaders.
We discussed new items that might help get children involved
6 COINAGEMAG.COM
by Mike Fuljenz
in coin collecting at an early age. Kids tend to like interactive
products. So we discussed on-line links to videos or games with
U.S. Mint products
he Mint has seen a decline in customers coinciding with
a decrease in Mint advertising, but the Mint plans to once
again place more advertising to promote its coin products and
numismatics. It hopes to collaborate when the opportunity arises
with organizations such as NASA. his is very good news for the
coin market that the Mint will soon be promoting numismatic
products to the general public.
Mint representatives also brainstormed about the possibility of
combining diferent Mint or paper money products in specially-
designed packaging. Important upcoming anniversaries that ofer
possibilities for medals or limited (by law) types of coin products
include the Centennial of Armistice Day (November 11, 1918),
the 50th anniversary of President Eisenhower’s death (1969) and
the centennial of the Morgan and Peace Dollars (1921). 
he Mint has a lot of latitude with the manufacture of medals
and could work with Mints of other countries for packaging
Mint products with other themes, such as for the “year of the
child.” he Mint and NASA are working together to promote
the 50th anniversary of the Apollo 11 Landing commemorative
coins.  A glow-in-the-dark rocket ship package is one option. A
four nines (.9999) silver one-ounce bullion and proof coin also
drew interest from Mint Director David Ryder and others in
attendance when suggested. 
he state quarter program was very popular with kids, parents
and educators; so we hope the new state innovator series gets
a new generation collecting this full set of quarters. he Mint
is optimistic about the popularity of the new innovator theme
for quarters of all U.S. states and territories to be made over
a 14-year program. Each state will work on coming up with
its top “innovator,” which is not the same as an inventor. he
process of inding top state innovators was researched with
Smithsonian experts. 
Counterfeit coins continue to be a major concern. he U.S.
Mint Director discussed plans to research and ramp up the
ight against counterfeit products. here are new brochures and
information to help educate consumers and dealers on what to
check for when examining U.S. Mint bullion coins.
Mike Fuljenz, president of Universal Coin & Bullion 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.universalcoin.com.
 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
1793-1857 1856-1858 1864-1909 1909-1958 1959 to Date 1793-1857 1864-1857 1864-1889 1851-1873 Piece 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 270. 325
$2.50 IND 295. 380.
$3.00 1125. 1950.
$5.00 LIB 385. 415. Bust Quarter Seated Quarter Barber Quarter Liberty Quarter Washington Qtr
Seated Half Dime Shield Nickel Liberty Nickel Buffalo Nickel Jefferson Nickel
1837-1873 1866-1883 1883-1912 1913-1938 1938 to Date $10.00 LIB 770. 800. 1815-1838 1838-1891 1892-1915 1916-1930 1932 to Date
$20.00 LIB 1485. 1500. SET FOR $220.00
SET FOR $58.00
MORGAN SILVER DOLLARS 1900 36.50 43.00 49.50 62.50 VF20 83.50 EF40 .............................109.50 1882CC PCGS MS64PL ......................405.00
1900O 36.50 43.00 61.50 71.50 1879O/O/O VAM28 EF45 ....................360.00 MS62PL 322.50 PCGS MS64 ...........307.50
G-VG5 F12 VF20 EF40 AU50 MS60 MS63 1900O/CC - 143.50 161.50 182.50 - 390.00 877.50 1879S rev of 1878 NGC MS64 .......................................307.50
1878 8F - 84.50 91.50 - - 227.50 292.50 1900S 45.00 46.50 47.50 - - 325.00 435.00 VF30 65.00 EF45 ...............................72.00 ANACS, ICG, NGC MS63 ...................268.50
1878 7F Rv 78 48.50 - 52.50 56.00 65.00 103.50 143.50 1901 49.50 56.50 63.50 112.50 240.00 - - 1879S rev of 1879 F15 116.00 PCGS MS62 ..................262.50
1878 7F Rv 79 48.50 49.50 52.50 57.50 65.00 147.50 300.00 1901O - 45.00 49.50 54.50 61.50 PCGS MS64DMPL ............................496.50 VF30, some small rim bumps ...........114.50
1878 7/8 Strg - - - - - 235.00 295.00 1901S 43.00 48.00 49.50 - 207.50 - 1040.
1878 7/8 Weak - - - - 94.00 193.50 265.00 MS64 91.50 NGC MS66 ...................255.00 G4 106.00 VG10 ..............................113.50
1902 - 44.50 46.50 52.50 54.50 110.00 201.50 SEGS, PCGS, MS64 ............................93.50 F12, small edge marks ....................106.00
1878CC 128.50 135.00 141.50 162.50 256.50 475.00 520.00 1902O - - 43.50 46.00 49.50 60.00
1878S 45.00 49.50 51.50 56.00 59.50 77.50 95.00 MS62, lovely multi color.....................80.00 1882O AU58 55.00 PCGS MS63...........87.50
1902S 122.50 126.50 - 205.00 - - -
1879 36.50 52.00 77.00 104.00 1903 - 52.50 53.50 54.50 56.00 78.50 110.00- NGC, PCGS MS63...............................73.50 AU55..................................................53.50
1879CC 190.00 - 417.50 - 2835. 5200. - 1903O 423.50 436.50 441.50 - - - 520.00 PCGS MS64(MS63 .............................73.50 1882O/S AU58 160.00 MS60 .............197.50
1879CCcapped 190.00 215.00 - - - - - 1903S 84.50 120.00 - - 1725. - - AU58 57.00 PCGS MS62 ....................70.00 ANACS AU58 ....................................162.50
1879O 52.00 60.00 104.50 312.50 - 1904 40.00 45.00 46.50 51.50 - 162.50 305.00 EF45 39.00 MS60 PL obverse ............68.50 EF45 105.00 AU55...........................146.50
1879S Rev 78 52.50 58.50 62.50 - - - - 1904O 40.00 43.00 - 51.50 53.50 62.50 78.50 1880 NGC, PCGS MS65......................782.50 VF30 84.00 ANACS AU50 .................127.50
1879S Rev 79 - 43.00 71.50 75.00 1904S 50.00 56.50 86.00 227.50 - - 5590. MS62 80.00 PCGS, NGC MS63.........103.50 G4 55.00 VG10 65.00 F15 .................70.00
1880 46.50 51.00 65.00 101.50 1921 - 31.50 39.50 49.50 EF45 48.00 AU55 55.00 AU58............58.00 1882O/S depressed VAM4 AU53 ........167.50
1880CC Rv 78 - 222.50 277.50 390.00 - 682.50 815.00 1921D - 44.50 54.50 - 1880 8/7 spikes VAM6 VF30 106.50 AU50 ...........................151.50
1880CC Rv 79 152.50 215.00 264.50 300.00 - 572.50 625.00 1921S 35.00 44.50 54.50 - VF20 ................................................124.50 1882O/S VAM5 broken S AU50...........153.50
1880O 48.50 51.00 130.00 430.00 1880/79CC rev of 1878 1882O/O south VAM7 EF40 ..................54.50
1880S 36.50 43.00 49.50 60.00 VF30 295.00 PCGS MS64 ..............1200.00 1882S MS62 54.50 NGC MS66 ..........262.50
1881 43.50 51.00 58.50 91.50
1881CC 425.00 431.50 445.00 473.50 - 552.50 585.00 PEACE SILVER DOLLARS AG3 125.00 PCGS MS62 ..................733.50 PCGS, NCI MS65 ..............................145.00
1881O 46.50 50.00 58.50 84.50 1880CC rev of 1878 ANACS, NGC MS64 ............................71.50
G-VG5 F12 VF20 EF40 AU50 MS60 MS63 G4 178.50 F15.................................244.50 AU58 46.50 PCGS MS63+ .................66.00
1881S - 43.00 49.50 60.00 1921 117.50 123.50 130.00 142.50 156.50 325.00 -
1882 36.50 43.00 54.50 85.00 1880CC 8/7 rev 1878 VAM 7 AU55 45.00 NGC, PCGS MS63 ...........62.50
1922 28.50 30.00 32.50 37.50
1882CC 111.50 114.50 - - - - 266.50 1922D 30.00 32.50 60.00 97.50 PCGS EF40 ......................................346.50 EF45 38.50 PCGS MS62 ....................57.50
1882O 46.50 51.00 58.50 84.50 1922S 30.00 32.50 57.50 - 1880CC rev of 1879 1883 MS65 182.50 PCGS MS65 ........185.00
1882O/S 58.50 68.50 76.50 91.50 125.00 195.00 - 1923 28.50 30.00 32.50 37.50 NGC, PCGS MS63.............................627.50 MS64 95.00 PCGS, NGC MS64...........97.50
1882S - 43.00 49.50 60.00 1923D 39.50 45.00 82.50 188.50 AG3 93.50 F15 235.00 VF30 ............282.50 AU58 52.50 NGC MS63 ......................91.50
1883 36.50 - 61.50 88.50 1923S 30.00 35.00 54.50 97.50 F12, obv scratched “Fred PCGS MS62+.....................................81.50
1883CC 111.50 114.50 - - - 247.50 253.50 1924 - - - 30.00 32.50 39.50 Peters 1932” .....................................93.50 EF45 39.00 PCGS MS62 ....................77.50
1883O 36.50 43.00 49.50 60.00 1924S 27.50 30.00 32.50 45.00 77.50 272.50 520.00 1880CC 8/7 rev of 1879 VAM5 1883CC PCGS MS65PL ......................575.00
1883S - 42.00 45.00 - 190.00 1105. 2600. 1925 28.50 30.00 32.50 39.50 NGC MS62 775.00 NGC MS63 .........789.50 ANACS, NGC, PCGS MS65 ................431.50
1884 36.50 43.00 58.50 84.50 1925S - 30.00 32.50 36.50 49.50 101.50 280.00 1880O AU58 90.00 PCGS MS63.........432.50 MS62 250.00 MS61PL.....................300.00
1884CC 160.00 174.50 181.50 194.50 - 240.00 253.50 1926 - - 32.50 36.50 39.50 58.50 110.00 AU55 75.00 PCGS MS62 ..................282.50 PCGS MS64 .....................................275.00
1884O 36.50 43.00 49.50 60.00 1926D - 28.50 32.50 36.50 52.50 110.00 - EF45 ..................................................49.50 PCGS MS63+...................................269.50
1884S 42.50 44.50 47.50 61.50 221.50 - - 1926S - 28.50 31.00 34.00 42.50 65.00 - 1880O VAM1a hangnail variety PCGS MS63 .....................................256.50
1885 36.50 43.00 49.50 60.00 1927 40.00 42.50 44.50 47.50 54.50 93.50 207.50 MS60...............................................235.00 PCGS MS61 250.00 NGC MS62 .......252.50
1885CC 641.50 - 708.50 - - 780.00 845.00 1927D 40.00 41.50 44.50 48.50 97.50 - -
1885O 36.50 43.00 49.50 60.00 1880O VAM4 80/79 crossbar AG3 68.50 G4 ..................................106.00
1927S 40.00 41.50 44.50 - 85.00 234.50 540.00
1885S 40.00 45.00 52.50 - - 325.00 383,50 AU55................................................170.00 1883O PCGS MS63DMPL...................268.50
1928 230.00 - 275.00 300.00 305.00 475.00 715.00
1886 36.50 43.00 49.50 60.00 1928S 40.00 41.50 43.50 53.00 71.50 227.50 442.50 1880S MS62 58.50 NGC MS66PL ......268.50 NGC, PCGS MS65.............................145.00
1886O 40.00 43.00 48.50 51.00 - 1040. - 1934 41.50 45.00 48.00 54.50 65.00 142.50 215.00 NGC MS65 145.00 NGC MS66 .........223.50 MS63PL.............................................72.50
1886S 63.50 67.50 93.50 140.00 167.50 430.00 520.00 1934D 41.50 45.00 48.00 54.50 58.50 162.50 357.50 AU58 53.50 PCGS MS65 ..................145.00 ANACS, NGC, PCGS MS64 ..................71.50
1887 36.50 43.00 49.50 60.00 1934S 41.50 54.50 71.50 - - - - NGC, PCGS MS64...............................80.00 NGC, PCGS MS63 62.50 MS64...........69.00
1887O 38.50 42.50 50.00 78.50 156.50 1935 41.50 45.00 47.00 51.50 67.50 - 136.50 MS62, lovely bluish red PCGS MS61 54.50 PCGS MS62..........57.50
1887S 35.00 - 38.50 42.50 48.50 156.50 - 1935S 41.50 45.00 48.00 54.50 105.00 305.00 467.50 toning ................................................64.50 AU55 45.00 AU58 46.50 MS62 ..........55.00
1888 36.50 43.00 52.50 - NGC, PCGS MS63...............................62.50 1883O/O south, dramatic VAM4
1888O 37.50 42.00 45.00 48.50 52.50 71.50 - MS60PL.............................................59.50 MS60.................................................58.00
1888S - 140.00 154.50 168.50 182.50 390.00 487.50 MORGAN SILVER DOLLARS PCGS VF25 (VF20)............................143.50 AU55 44.50 PCGS MS62 ....................57.50 1883O/O north VAM10 MS63 ...............72.00
1889 - 43.00 49.50 60.00 VF30 ................................................149.00 1881 PCGS MS65 ..............................587.50 1883S AU58 647.50 ANACS MS62 ...1985.00
1889CC 650.00 975.00 1130 3220. 9100. - - 1878 8F PCGS MS63 .........................295.00 F15 137.50 ANACS VF20..................143.50
ICG, PCGS MS62 ..............................262.50 PCGS MS63 93.50 NGC MS64 .........165.00 AU55 465.00 PCGS MS61 ..............1595.00
1889O - 41.00 45.00 46.50 65.00 292.50 390.00 VF20, sm edge bump .......................128.50 EF45 46.50 AU55 53.50 AU58............54.50 EF45 120.00 NGC AU58 ...................725.00
1889S 60.00 70.00 73.50 84.50 112.50 260.00 390.00 AU55 160.00 MS62 .........................260.00 F12, 3 small edge marks .................128.50
ANACS AU55 ....................................162.50 1881CC PCGS, NGC MS62PL .............681.50 VF30 60.00 PCGS AU55 ...................485.00
1890 36.50 43.00 52.50 88.50 AG3 78.00 AG3.5 95.00 G4 ..............121.50
1890CC 108.50 110.00 121.50 - 260.00 650.00 1075. VAM 4 doubled date, VF30 460.00 PCGS, NGC MS64 ........632.50 AG3 ...................................................23.00
1878/1878CC VAM 13 EF40...............205.00 NGC, PCGS, ANACS MS63 ................587.50 1883 Hawaii $1.00 EF40 ...................700.00
1890O 38.50 40.00 53.50 91.50 130.00 denticle chip PCGS MS62.................342.50 1878CC VAM15 C/CC PCGS MS62......600.00
1890S - 39.50 47.50 78.50 123.50 PCGS MS63 VAM 18 slightly F15 437.50 MS62............................568.50 1884 MS62 71.50 MS64....................104.00
1878S NGC MS65 ..............................302.50 VG10 429.50 PCGS MS61 ................562.50 AU58 51.00 NGC, PCGS MS63 ...........86.50
1891 38.50 40.00 48.50 84.50 201.50 doubled date, stars, MS62 86.50 NGC MS64 ...................132.50
1891CC - 110.00 115.00 - 225.00 585.00 910.00 states of, beak, stars........................325.00 ANACS F12 433.50 PCGS EF40 ........476.50 AU55 47.50 PCGS MS62 ....................73.50
PCGS MS62 88.50 MS62PL .............108.00 ANACS VF30 (VF20)..........................447.50 1884 VAM3 dots EF45..........................58.50
1891O 38.50 42.50 - - 455.00 VAM 10 AU58PL ...............................186.50
1891S - - 50.00 - 195.00 MS62 PL obverse...............................99.50 ANACS F12 (VG10) ...........................431.50 G5 51.00 VF20 53.50 VF30 ................55.00
VAM22 doubled beak & PCGS, NGC MS63...............................97.50
1892 46.00 47.00 48.50 67.50 91.50 357.50 500.00 letters EF40 .....................................135.00 1881O PCGS MS64DMPL.................1155.00 VAM4 dots AU55 109.50 AU58 .........119.50
1892CC 208.50 236.50 - 535.00 792.50 - 2470. AU58 66.00 MS60PL obverse.............89.50 MS64 182.50 PCGS MS64 ...............185.00 EF45 88.50 AU50...............................92.50
1892O 37.50 42.50 46.50 52.50 - 325.00 500.00 1878 7F rev of 1878 G4 41.50 EF45 57.50 AU55 ...............63.50
AU58 109.50 MS62PL......................180.00 MS63, lovely blue & red F12 60.00 VF20 .................................81.50
1892S 45.00 62.50 143.50 285.00 - - - 1879 MS62 91.00 NGC MS65 ............626.50 toning ..............................................185.00 1884CC NGC MS64DPL .....................750.00
1893 - 215.00 227.50 - 475.00 1040. 1660. 1878 7F rev of 1879 AU58 64.50 PCGS MS62 ....................92.50
G4 46.00 EF45 60.00 AU58 ...............97.50 NGC MS62 73.50 PCGS MS63 ...........86.50 MS63PL 305.00 NGC MS63DPL .......520.00
1893CC 350.00 392.50 735.00 1540. 2940. - - EF45 ..................................................42.50 AU55 52.50 AU58 ..............................54.50 MS64 280.00 PCGS MS65 ...............496.50
1893O 195.00 - 325.00 - 891.50 - - 1878 7/8F strong 1879CC clear CC NGC MS60 ............5200.00
AU55 147.50 AU58 ..........................167.50 New VAM rev of VAM42 EF45 .............96.50 MS62 246.50 MS62PL.....................285.00
1893S 3185. 4810. - - - - - AU55..............................................3475.00
1878 7/8F weak PCGS MS64 .............480.00 1881S PCGS MS65PL ........................240.00 ICG, PCGS, ANACS MS64..................282.50
1894 - - - - 1160. - - AU50, was NGC AU53.....................2735.00
1894O 53.50 55.00 60.00 102.50 - - - PCGS MS62 231.50 PCGS MS63......267.50 SEGS< PCGS MS66 .........................223.50 PCGS, ANACS, NGC, ICG MS63 .........256.50
EF45 1672.50 NGC EF45 ...............1675.00 MS65 149.50 NGC, PCGS MS65.......151.50 AU58 221.50 NGC, PCGS MS62 .......248.50
1894S 67.50 - - - 501.50 1010. - AU55................................................133.50 VF30, obv edge dents.......................215.00
1895O 235.00 260.00 337.50 580.00 - - - VAM33 doubled legs ANACS, PCGS, NGC MS64 ..................71.50 EF45 197.50 PCGS MS61 ................245.00
AG3 115.00 AG3.5 145.00 G4 ..........180.00 NGC, PCGS MS63 62.50 MS64...........69.00 G4 ...................................................151.50
1895S 365.00 462.50 700.00 1190. 1820. - - AU58 157.50 MS63 .........................291.50 G5, HMO scratched on rev ...............115.00
1896 - 43.00 49.50 60.00 1878CC NGC MS64DPL ...................4200.00 NGC AU58 48.50 MS62PL ..................71.50 1884CC 1/1 8/8 4/4 C/CC
1879CC capped die NGC MS62........6565.00 MS62 light red & blue tone ................68.50 VAM2 PCGS MS64 ...........................362.50
1896O 37.50 43.50 46.50 52.50 130.00 1950. - PCGS MS64 587.50 PCGS MS65....1757.50
1896S 46.00 47.50 58.50 237.50 - 2860. - G4 166.50 F15, rim bumps ..............175.00 MS63 PL obv .....................................66.00 1/1884CC first C tripled
PCGS MS64PL GSA ........................1290.00 AG3 .................................................106.50
1897 36.50 43.00 58.50 71.50 NGC MS63, nice colors, PCGS, NGC MS62...............................57.50 VAM5 PCGS MS63 ...........................257.50
1897O - - 48.50 58.50 85.00 - - 1879O NGC MS64..............................606.50 AU58 46.50 NTC MS63 (MS60) ..........51.50 1884O ANACS, NGC MS66 .................262.50
blue, reddish gold ............................572.50 PCGS MS63 .....................................315.00
1897S 37.50 42.50 45.00 46.50 52.50 97.50 175.00 EF45 39.00 AU55...............................45.00 PCGS MS65 .....................................145.00
1898 36.50 43.50 54.50 65.00 MS62 497.50 PCGS MS63 ...............522.50 MS62, PL rev ...................................232.50
AU58 365.00 PCGS MS62 ................500.00 1882 PCGS, NGC MS64......................132.50 MS64 69.00 NGC, PCGS MS64...........71.50
1898O 32.50 - 35.00 - - 65.00 75.00 AU58 87.50 NGC, PCGS MS62 .........220.00 MS62 65.00 MS64...........................130.00 PCGS MS63+.....................................68.50
1898S 45.00 46.50 48.50 56.00 91.50 312.50 585.00 AU55 322.50 ANACS MS62 ..............500.00 AU55 73.50 PCGS AU55 .....................76.50
AU50PL 312.50 PCGS MS61 ............488.50 PCGS MS63 .......................................87.50 PCGS, NGC MS63...............................62.50
1899 140.00 190.00 196.50 202.50 225.00 286.50 337.50 1879O/O/O North & South VAM4 SEGS MS63 (MS63+).........................87.50 NTC MS64PL (MS63, not PL)..............62.50
1899O 34.50 36.50 43.00 65.00 71.50 SEGS MS60PL (AU58) ......................367.50 EF45 109.50 AU55...........................276.50
EF45 200.00 PCGS AU55 .................325.00 AU55 46.50 AU58 ..............................49.00 MS62 55.00 PCGS MS64 (MS63) .......62.50
1899S 45.00 46.50 - - - 490.00 715.00

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8 COINAGEMAG.COM
 1914 Indian
Head $10 gold.
Photos courtesy
Heritage Auctions / HA.com.

I M A G I N I N G A S OA R I N G
GETTY IMAGES

Y E L LOW M E TA L I N 2 019
BY JOS
J O S HUA
H UA MCMORROW-H
M C M O R ROW- H ERNANDEZ
ER N AN DEZ

COINAGE JANUARY 9
 “K
A-CHING! Gold is in feverish demand, and its
price is rising furiously ... It’s now $5,000 an
ounce!” hose were the words I heard CNBC’s
Jim Cramer exclaiming on his Mad Money
show, or at least that’s what I recall him saying in a vivid dream
I recently had. I remember looking down at my mobile phone
and seeing the London Metal Exchange reporting $5,081 per
ounce. Wall Street Journal … oops, gold ticked down slightly
to $5,079. he next moment, Monex showed $5,077. I asked
myself: “What’s happening? A rapidly-expanding bubble that
suddenly burst, or just late-aternoon trading jitters?” I don’t
recall much else from the dream, but I remember the date; it
was September 19, 2019. hat translates to 9/19/19.
My heart racing, I popped up from my slumber in a cold
sweat, nearly hyperventilating. I clutched the sheets … they
were real. But the dream? It was just that: a dream. I remem-
ber glancing at the clock on my nightstand. he red LED
numerals seared into my sleepy eyes, declaring the time to
be 3:33 am. It was still more than two hours before my alarm
would beckon the start of another day for me. But I was ahead
of the clock – my day had begun hours earlier than I antici-
pated. I couldn’t go back to bed now. Too many questions
were nagging my noggin.
Why was gold suddenly up to over $5,000 an ounce? What
global chaos or economic circumstances could have pushed
gold beyond $5,000 in 2019? Would I want to be living in a
world in which it was justiiable that gold suddenly surges more
than 300% over its 2018 average to shoot past $5,000 an ounce?
Did my dream-state me invest in any gold before the dreamy
boom? Did the coin market beneit as a result of this sudden
change in the bullion winds? And what was up with all of those
9s? Could this dream become a reality in 2019?
I igured out the logic behind all of those 9s pretty quickly.
he numismatic world has seen some pretty important events
happen in years that end in 9s. One of the most drastic boom-
bust bullion cycles began in earnest 40 years ago, in 1979. A
decade later, we had the catastrophic market crash that sent
prices of high-grade certiied coins – the kind that briely
attracted heavy Wall Street speculation – plunging into the
basement in 1989. In 1999, the 50 State Quarters launched as 1924 Saint-Gaudens double eagle gold.
one of the most successful numismatic initiatives in American Photos courtesy Heritage Auctions / HA.com.

history, creating (for a short time) more than 100 million new
coin collectors, according to igures from the United States
Mint. And in 2009, a global recession pushed investors toward
buying precious metals, creating unprecedented demand for
American silver Eagles and other bullion products, sending
gold and silver prices to new heights. So what happens in this
next “9” year: 2019?
Before answering that question, let’s step back for a moment
and see what $5,000 gold really looks like. What does it mean
for our hobby? For investors? For the world? And, most
importantly, is 2019 the year that gold really makes that long-
anticipated move toward 5,000?
Call me crazy if you will, but gold at $5,000 an ounce isn’t
really an outlandish proposition. Not in these times. Not in
this brave new world. Not in a world where tarif tifs with
China and trade wars with Canada play out like a daily drama.
Not in a world where the United States scrapes at its long-
standing relationships with many foreign nations and lirts
with isolationism. Not in a world where certain countries
proudly brandish their nuclear arsenals. Not in a world where
domestic terrorism hits houses of worship and schools. Not in

10 COINAGEMAG.COM

1926 Sesquicentennial quarter eagle gold.
Photos courtesy Heritage Auctions / HA.com.
a world in where international terrorism places familiar land-
marks great and small in the crosshairs. Everyday more and
more people fear what the next “BREAKING NEWS” banner
rolling across the TV screen portends, and they’re increasingly
nervous scrolling through their social media feeds awaiting the
next horriic tragedy.
What do people do when they’re afraid? Many stay closer
to home. Some take time of from work to spend with their
families. A few folks stock up on survival provisions and go of
the grid. Most of us eat their favorite comfort foods, watch old
reruns of I Love Lucy or Cheers, and reach out to old friends.
Investors reach out to old friends, too – one of these friends is
more widely known as “gold.” And when times are tough, good
ol’ gold shines a little brighter and proves far more reliable
than lakier acquaintances, such as at least one Johnny-come-
lately who goes by the name Bitcoin.
Good friends are rare, and so goes gold, at least in the relative
sense anyway. If all the gold ever known to humankind were
reclaimed by an ambitious trillionaire and stored in a vault,
that holding space wouldn’t need to be much bigger than a
typical suburban midrise oice building. Every last grain of
gold ever mined and reined could it within a 70-foot cube.
hink about that for a moment. hat’s every gold coin, every
gold watch, every gold necklace, every gold statue, every gold
bauble … in the scheme of things, a seven-story cube of gold in
a world as big as ours isn’t really a lot of gold at all.
here are more than 7.7 billion people around the globe in
2019, and how many of them lust for gold? Put a more direct
way, there just isn’t enough gold to go around. And when coun-
tries start feuding with one another, inlation begins mounting,
and people don’t know what’s bound to happen next, they
usually turn to the yellow metal that civilizations around the
globe have treasured since the 4th millennium B.C.
As a new United States Congress sees 435 lawmakers – many
merely neophytes to Capitol Hill – take their seats, a divided
Senate face numerous tough issues with international con-
sequences, and a controversy-embroiled President Donald
Trump begin stumping for reelection in 2020, Americans wait
and wonder, “what’s next?” Meanwhile, the world is anxiously
watching us. Investors are sitting on the sidelines – and many
are calling upon their old, golden friend for moral support.
But let’s get one thing straight. While many people think of
gold as an “investment,” we mustn’t forget what this precious
metal really is: an insurance policy against socioeconomic
chaos. And who among us isn’t thankful for the protection of
an insurance policy when tragedy suddenly hits home?
he year 2019 is here, and none of us know the kind of
headlines this new year will spawn. We can hope for the best
but must prepare for the worst, and many of those who are
preparing for the worst are stocking up on gold as you read
this. But does gold make a break for $5,000 this year?
Let’s say it does. And we could be one major, prolonged
international crisis away from this. We don’t need a nuclear
winter scenario here – that’s when people stop caring about
precious metals and simply want safe shelter and things they
can eat and drink. But in a trying socioeconomic crisis – wide-
spread double-digit inlation, collapse of the world markets, or
another oil embargo? In those cases, people are buying gold.
And prices could skyrocket in a matter of weeks – $2,500,
$3,000, $4,000, $5,000. hese price hikes wouldn’t last forever.
hey’re fueled by frenzy-driven speculation. As the economic
conditions improve and the gold fever cools, prices eventually
COINAGE JANUARY 11
 1999 Delaware state quarter.
Photos courtesy Heritage Auctions / HA.com.
come back down. But, with gold on ire, what happens next?
Several things happen next. Chief among these? Numismat-
ics sees a day in the sun like it hasn’t ever before. Millions of
Americans become coin collectors overnight, urged by surging
market prices and looking for something to distract themselves
from news of some depressing international nightmare. And,
they’re buying complete sets of 90% silver Washington quarters
and Franklin half dollars (because silver improves in this
scenario alongside gold, too). hey’re stacking American gold
Eagles in personal vaults and bank deposit boxes. And they’re
stalking websites like eBay and APMEX for pre-1933 $20 gold
double eagles and $10 eagles, because these are among the
collectible coins with the lowest premiums over spot and have
suddenly became scarce in the marketplace.
Many of these classic gold coins head for the melting pot,
their surviving counterparts becoming ever rarer in the
numismatic world. Aware of this, some coin collectors merge
their desire for gold with a newfound love for numismatics and
build handsome four-piece and 12-piece pre-1933 gold type sets
with the help of museum-quality Capital Plastics holders. Yet,
others venture beyond bullion altogether and ind themselves
wonderfully lost in a numismatic world of early type coins,
Liberty Seated pieces, Barber coinage, and classic commemora-
tives. Many of these particular new collectors are the ones who
will probably stick around in the hobby ater the $5,000-gold
bubble bursts. hey’re the ones who eventually won’t care
whether gold is $500 or $5,000 per ounce. hey’re now in it for
12 COINAGEMAG.COM
the sake of numismatics. I can see it already. Can you?
$5,000 gold also brings some unexpected pleasant surprises.
For example, remember those gold-plated copper Bufalo
rounds you regrettably bought for $19.95 ater watching that
2 a.m. infomercial a few years ago? hey’re now actually
worth something, as the micron-thick layer of gold coating
on those cheap copper rounds suddenly boasts a monetarily
small but signiicant yield of gold. he 24k gold lakes loat-
ing in that little souvenir vial you bought at the Yukon git
shop in Alaska? hat’s worth more than a few bucks, too.
And the dusty, gold-tipped tea cups you inherited from Aunt
Mildred years back? Yep – they’re also now valuable beyond
sentiment alone.
Got any gold illings? Well, you might want to keep those
– you don’t want to iguratively lose your head by physically
putting more holes in it. Ater all, in a world of $5,000 gold,
the last thing you want to do is lose your common sense. And
for all the wild talk of where gold could head in 2019, we need
plenty of common sense and a parade of numbers to help keep
our feet on the ground.
What does $5,000 gold really mean for the hobby? his is a
question that may be answered by drawing on data from past
bullion booms and seeing what conditions for the hobby were
like then. In the last ive decades, there have been two major
runs on the gold market, including the periods spanning
1979-1981 and 2009-2013. During those times, gold prices
reached both nominal and inlation-adjusted records, creating
 complex dynamics in the bullion arena that leaked into the
numismatic realm. Ater both spikes, new pricing “loors”
were achieved for gold. And that has set new market stan-
dards – and expectations – for what gold prices could do both
now and in the future.
In the years immediately preceding the 1979-1981 boom-bust
cycle, gold hovered around the $150-per-ounce mark. However,
it must be remembered that prior to 1974, Americans endured
a 40-year ban against hoarding gold bullion, a result of Execu-
tive Order 6102 signed by President Franklin Delano Roosevelt
in 1933 forbidding United States citizens from owning large
amounts of gold. President Gerald Ford lited that ban on
December 31, 1974 – just a few short years before gold began its
meteoric rise to $850 an ounce in January 1980.
So what happened to spur gold prices to reach for $1,000
nearly 40 years ago? hink about the tensions of the late
1970s and early ’80s: the Iran hostage crisis, rising fuel prices,
double-digit inlation, upward-spiraling interest rates, stag-
gering unemployment, the Cold War. hey weren’t very good
times for many Americans or the national morale, let alone the
economy. Looking back at the coin market of that period, we
see that bad news on the socioeconomic front lited the spirits
of deep-pocketed coin collectors and shited the focus to coins
and precious metals as an alternative investment.
According to the Greysheet, which has served as a pric-
ing standard for the coin industry since 1963, many areas
of the numismatic market in the late 1970s and early 1980s
were experiencing bullish conditions. “Type Coins Soar To
New Record Levels” exclaimed the headlines on the January
25, 1980, issue of Greysheet, published just as gold reached
a fever pitch. Of course, generic gold (and silver) coins saw
the predictable bullion-induced gains, but numismatic gold,
largely unafected by bullion price changes, also saw some
tremendous growth.
Bid prices for 1903 Louisiana Purchase and Jeferson &
McKinley gold dollar coins surged 250% from $400 each in
January 1979 to $1,400 apiece a year later, while the
1926 Sesquicentennial $2.50 improved from $230 to
$950 during that same time for a 313% gain, and
the 1915-S Panama-Paciic gold dollar increased
490% from $500 to $2,950. Meanwhile copper,
nickel, and silver type coins across the
board enjoyed major boosts from the
increased market speculation,
with MS-65 type coins from
Draped Bust half cents through
Trade dollars all posting
signiicant gains dur-
ing that time.
GETTY IMAGES
Among the bright
spots in our hobby
at that time were the four
sales of the Garrett Collection held from 1979 through 1981.
he Garrett Collection was irst assembled by T. Harrison
Garrett, son of Baltimore & Ohio Railroad President John
Work Garrett, in the 1860s and continued growing with the
next generation. he collection included coins ranging from
colonial pieces to 20th-century commemoratives and included
the sale of an Extremely Fine 1804 Draped Bust dollar that
took $400,000 and the inest-known 1787 Brasher Doubloon,
which made international headlines upon selling for the (then)
world-record price of $725,000 in 1979.
By the end of 1981, gold eased below $500 an ounce and the
market frenzy chilled. Greysheet relected settling bid prices
for numismatic type coins, high-grade silver dollars, and
other pieces not solely inluenced by bullion factors, with only
high-grade gold commemoratives and strictly graded MS-65
silver dollar showing any signs of buzz at that time. Gold,
meanwhile, found its new loor in the $300s beginning in 1982,
never again returning to its pre-1979 prices.
Following a short drit below $300 in the late 1990s, inves-
tors inluenced a new bull market for gold beginning in the
early 2000s, following troubles with tech market stocks, the
9/11 attacks, the decline of the dollar, and inlation fears.
Investors shited their focus to safe havens, gold chief among
these, as the Great Recession took hold in 2007, and by 2008,
gold was poised to eclipse its 1980 record. Gold appeared
headed for $2,000 during a run in the summer of 2011, briely
passing the $1,900 in late August before precipitously driting
downward again.
he Greysheet headline for the week of August 23, 2011, was
“$1,900 Gold & $72 Million Sold,” the latter a reference to the
tremendous results at the ANA World’s Fair of Money in Chi-
cago, which Greysheet reported were “most likely connected to
the precious metal strength.” Indeed, gold was hot, but as edi-
tors noted, “collector coins were very good sellers as well, and
the market for six-igure and higher rarities was very active.”
For example, an extremely rare 1975 no-S Roosevelt dime
graded Proof-68 by Professional Coin Grading Service
(PCGS) took $349,600 in a Stack’s
Bowers ofering, easily becoming
the most valuable U.S. copper-
nickel clad coin. Also taking in
big bucks at the Stack’s Bow-
ers ANA sale in August
2011 was a PCGS-graded
PR-66 Deep Cameo
1885 $20 Liberty
designated as a
better-quality
example by Certi-
ied Acceptance
Corporation (CAC)
that went for $230,000,
COINAGE JANUARY 13
 Daniel Boone Bicentennial commemorative half dollar.
Photos courtesy Heritage Auctions / HA.com.
a PCGS MS-64 1799 Capped Bust 13 Leaves $10 eagle that
commanded $207,000, and a Proof-68 Ultra Cameo 1879-O
Morgan dollar graded by Numismatic Guaranty Corporation
(NGC) hammering at $158,125.
Since peaking once again in August 2011, gold has bounced
between $1,150 and $1,300 over the last few years, with a brief
dip below that igure and a few short-lived teases above. Many
key indicators within the coin market have also been bouncing
around over the past half a decade. Yet, as evidenced by his-
toric market data presented here, numismatics receives a shot
in the arm when bullion prices surge upward. Much of this is
due to existing collectors becoming more enthusiastic about
positive market trends and non-collectors being lured into
buying coins for speculative purposes, with some eventually
embracing the hobby as a long-term pastime rather than just
short-term amusement.
herefore, it’s logical to conclude that the hobby would enjoy
immense growth from headlines declaring $5,000 gold in
2019. And it’s a dream scenario that could beneit not only the
more popular series boasting signiicant bullion content, such
as 20th-century 90% silver and gold issues, but it may also
help awaken sleepers that haven’t seen much activity in years,
including classic commemoratives, 19th-century odd denomi-
nations, vintage coppers, and many others.
What are the chances that gold could reach $5,000 in 2019?
It would probably take an unlikely parade of jolting events
occurring in quick, shocking succession for that scenario to
play out over the next 12 months. Inlation would have to
spiral out of control, the dollar would have to sufer in the
14 COINAGEMAG.COM
international markets, major world superpowers in Europe and
Asia would need to slide into economic decline, and oil prices
would need to surge pass record highs. hankfully a mass-
casualty catastrophe such as nuclear warfare isn’t necessary to
see $5,000 gold, but situations would nevertheless become very
uncomfortable for countless people. Is $5,000 gold really worth
such sudden socioeconomic misery?
Let’s step back in time once more for a moment and
consider something else: he price of gold in 1980 was $850,
which adjusted for inlation today is equivalent to more than
$2,500. Even the $1,900 gold of 2011 now equates to about
$2,100. In other words, with the nominal price of gold cur-
rently hovering around $1,200 per ounce (as of this writing),
gold would have to double that igure to even begin approach-
ing all-time highs when price comparisons are made with the
consideration of inlation.
Is $5,000 gold necessary to lure the masses into coin col-
lecting? It would certainly help, but even if gold crossed, say,
the $2,000 threshold – or, even better, the $2,500 mark – in
2019, we would see phenomenal growth among the ranks of
our hobby.
Still, $5,000 gold is a prediction that analysts have been mak-
ing for several years now. Of course, if gold keeps pace with
inlation, there will indeed come a day, though perhaps many
years from now, that the long-anticipated numerical threshold
is passed due to more benign, organic economic circumstances.
But if there’s anything we know about bullion markets, it’s
that surprises are never very far away. Perhaps some very big
surprises are in store for 2019. Stay tuned!
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 2019 and
the

New
World
Coin Order
Forecasts for
coins, platinum,
and cryptocurrency
By James Passin
GETTY IMAGES

16 COINAGEMAG.COM
S
ome years back, Amazon deleted George Orwell’s leg-
endary dystopian novel, 1984, from Kindle devices – an
ironic action that revealed the unfettered raw power of
the technology giants such as Amazon to censor and
even delete our own literary history at will. I remember this
well because I have a degree in philosophy, and 1984 was one of
my favorite books to read and reread on Kindle. A literary work
that I felt was permanent and mine to peruse at any moment
simply vanished.
There is nothing like pulling a physical book from your real
library and reading it – without the oversight of our self-created
global security apparatus created through digital distribution
monopolies and social media companies.
I have always loved collecting gold and silver coins, and own-
ing precious metals, for the same reason. Collect-
ing coins and storing them within your
care, custody, and control allow the
possibility of building wealth that
is not beholden to a centralized
financial architecture. Simply
put, my coin collection is not
stored on a Kindle or any
other digital device, and it
can’t be taken away from me
without my knowledge by the
swipe of any overzealous entity.
Cryptocurrency, securely stored
on a hardware wallet, plays a similar
role for me as gold and silver coins; Bit-
coin is a liquid, infinitely transportable mon-
etary asset built on pure mathematics and the
presumption of human greed, not relying on the
goodwill of any sovereign actor or trusted third
party. Admittedly, my gold and silver coin collec-
tion are physical assets, but my Bitcoin is more easily
transportable, as well as more practical for use in commerce
and for payment purposes.
The unprecedented power grab by the tech giants, which
have impressed their dominance onto almost all aspects of
human communication and knowledge transmission, through
the global dissemination of “free” applications such as social
media, search engines, and email, is threatening human sov-
ereignty through novel tools and strategies of surveillance and
oppression that not even Orwell envisioned in 1984.
With its decentralized governance structure, and its imme-
diate applicability to the dominant digital economy that has
emerged over the last 20 years, cryptocurrency is now forming
the underpinning of a decentralized world order that will allow
revolutionary applications such as uncensorable data storage on
peer-to-peer networks, directly attacking the tech distribution
monopolies. As with gold and silver coins and other hard assets,
cryptocurrency can play a fundamental role in protecting indi-
vidual sovereignty and privacy.
I will touch on my outlook for precious metals, rare coins,
and cryptocurrency. I do not have a clear view on gold. I cannot
envision gold seeing any significant price increases when the
Fed is hiking interest rates and other major central banks are
still pursuing quantitative easing. However, the gold price seems
washed out, and there does not seem to be much risk from going
long at current levels.
Certain participants in the fi xed income market are murmur-
ing that the Fed’s shrinking of its balance sheet is causing a
shortage of dollars in the credit market, since banks now have to
meet the stringent capital requirements of Basell III and Dodd-
Frank. While it is possible that the price of gold could fall during
a period of U.S. dollar scarcity, the end result could be another
credit crisis emanating in a new round of quantitative easing,
unleashing a new bull market in gold. In the near-term,
looking out 12 months, I prefer crypto to gold. I will
touch on the crypto market here.
I am holding in my hand a recently minted one-
ounce Maple Leaf platinum coin. Platinum, a noble
metal that is heavier than gold and highly resistant
to corrosion, is used in numerous important
applications including catalytic convert-
ers, cathodes, dentistry equipment,
and jewelry. Aside from industrial
and jewelry uses, platinum has
played a monetary role, in the
form of minted and circulated
platinum coins, for more than
200 years. Platinum has been
used as a symbol of wealth and
power since ancient Egypt.
In 2013, President Obama dis-
closed that his team was considering
issuing a platinum coin with a trillion-dollar
face value to allow the United States Treasury to
create money out of thin air and allow the White House to
keep spending money without any approval of the budget from
Congress. The plan was to mint one platinum coin with a “tril-
lion-dollar” face value and then deposit it as an asset with the
Federal Reserve Bank. Thankfully, this absurd, hyperinflation-
ary scheme, which would rely on a tortured interpretation of a
provision of an obscure act from 1998, was not executed; but it
would have been amusing to see if the Secretary of the Treasury
would have sent the coin to PCGS or NGC!
Aside from one-ounce Maple Leaf platinum coins, which
have modest premiums to melt value, I like 10-ounce platinum
bullion bars with platinum at its current price level ($835 per
GETTY IMAGES
ounce) as this is being written; they are denser then gold or
silver bars, making it relatively easy to store a large value in a
COINAGE JANUARY 17
 small area (for example, in a safety deposit box or other secure
location). It is also easy to transport large values of wealth in
the form of platinum bars. To me, it doesn’t make a lot of sense
for American Eagle platinum coins to be trading at such a
signiicant premium to the spot price of platinum. Yes, the U.S.
Mint charges its distributors a 4% premium. And, yes, I know
that these coins have some collector demand and are in short
supply. Nonetheless, I am avoiding American Eagle one-ounce
platinum coins and, if I owned any, I would sell them and buy
Maple Leaf platinum coins with the proceeds. here are other
platinum coins, too, but I like the one-ounce Maples because
they are widely recognized as a mainstream coin. Just be careful
that your coins are worthy of “good delivery.” Inspect them for
signs of circulation and damage.
Most metals experts are bearish on platinum based on the
widely forecast surplus of platinum supply (from mines and
recycling) over demand, an imbalance generally forecasted to
last until 2027. In the face of this surplus, there is no reason to
get long platinum, as there is no obvious bullish driver of the
price. At the same time, electric cars, a globally “hyped” story,
have created so much speculative excitement about “battery
metals,” that they have destroyed sentiment towards combus-
tion engines and, therefore, one of the main drivers of platinum
demand: catalytic converters. he negative sentiment towards
platinum has expressed itself in the platinum futures mar-
kets, where reported short positions in platinum futures have
recently increased to a record high level.
On the production side, the main producer of platinum is
South Africa. Having been involved in South African mining, I
have an admittedly jaundiced view of the ability of South Afri-
can platinum producers to sustain current production levels. For
2019, it is estimated that 36% of South African platinum produc-
tion will be uneconomic. he South African rand (“ZAR”) has
been rebounding ater Ramaphosa replaced Zuma as President
of the Republic of South Africa; a higher currency tends
to squeeze the operating margins of commodity
exporters, possibly further punishing the
balance sheets of platinum producers.
In 2021, China is implement-
ing China NS VI HDD, a
national policy for emission
standards. his new policy
will result in a quantum
increase in platinum
demand. Aside from
China, global auto-
motive demand
is continuing
to grow; the
total number
of cars sold worldwide
has grown at an average annual rate
18 COINAGEMAG.COM
of 3.9% over the last three years. As developing countries impose
tighter emission controls, the demand for platinum group met-
als (“PGM”) will continue to increase.
Aside from a brief dip of the platinum/gold ratio below 1 in
2011-2012, platinum was always more valuable per ounce than
gold over the last several decades. he peak in the platinum/
gold ratio was 2.27. he platinum/gold ratio has collapsed to a
multi-decade low of 0.69. Assuming some continued correlation
between platinum and gold, platinum may be viewed as high-
beta bet on the gold price. Platinum Rolex watches are still more
expensive than platinum gold watches!
I believe that platinum
will outperform palla- “Aside from a brief
dium and gold in 2019 dip of the platinum/
as shorts cover and the gold ratio below
stronger-than-anticipat-
ed fundamentals of the
1 in 2011-2012,
platinum market become platinum was always
apparent. If my “secret more valuable per
palladium – platinum ounce than gold over
rotation” hypothesis
plays out, then the plati-
the last several
num/palladium ratio decades.”
may return to its historic peak. Over the long-term, platinum
may turn into an “energy metal”/technology play if hydrogen
fuel cells become a mainstream story.
I continue to advocate that rare coin collectors and hard
money investors should consider at least some tiny exposure
to cryptocurrency in a hard asset portfolio. I have discussed
cryptocurrency in previous COINage articles, and I do not want
to reiterate the contents of previous “crypto vs. gold” arguments
in this column. However, it would be a mistake for any rational
hard money investor to ignore the energy and vast resources
that is pouring into the “crypto” ecosystem.
2019 will be the Year of the Security Token. Regulated security
tokens, registered with relevant regulators, will soon emerge as
a major low-cost source of capital for business and businesses
around the world. Stakeholders in inancial waterfalls will
suddenly ind that Security Token Oferings (“STO”) provide
a quick path to liquidity, while investors will ind that secu-
rity tokens ofer regulated inancial exposure to previously
inaccessible cash-low streams. he rise of the security token
“bubble” will necessarily create exponential increase in under-
lying demand for major cryptocurrencies.
Famed “daredevil investor” James Passin, Chartered Market
Technician, is Executive Chairman of Blockchain Holdings, Ltd.
(symbol BCX on the Canadian Securities Exchange), a pub-
lic company listed in Canada. he company provides unique
insights into the growing ecosystem of crypto-assets through
GETTY IMAGES
bcxdata.com. BCX developed proprietary indices to measure
broad categories of cryptocurrencies. By improving transparency,
BCX hopes to also improve liquidity in cryptocurrency markets.
 KATHY’S SPECIAL SELECTIONS
TYPE COIN EXTRAVAGANZA
All of our type coins are sharp, problem-free coins. No scratches, no large edgebumps, Liberty Seated 1840-53, 56-60 stars 24. 45. 125. 205.
no ugly discoloration; original in every grade. COMMON DATES OF OUR CHOICE Liberty Seated 1853-1855 arrows 30. 45. 130. 245.
are selected for you. DATES LISTED AFTER TYPE INDICATE WHEN COINS WERE Liberty Seated 1860-73, 75-91 legend 19. 27. 65. 110.
MINTED. Have fun upgrading your type set OR starting a new one! Liberty Seated 1874-1874 arrows 55. 143. 265. 350.
Type VF EF AU SELECT BU MS-60 Barber 1892-1916 7. 22. 50. 80.
HALF CENTS SPECIAL! TRIO OF BARBER COINS
Draped Bust 1800-1808 $200. $358. $605. $945. One each Barber Dime, Barber Quarter and Barber Half.
Classic Head 1809-1836 77. 104. 145. 190. Nice, problem-free coins. Uncirculated and AU coins are brilliant; EF coins are not dark.
Braided Hair 1840-1857 80. 95. 195. 175. EF $2 00 AU $405.00 Select BU MS-60 $625.00
LARGE CENTS Select BU+ MS-62 $675.00 Choice BU MS-63 $801.00
Draped Bust 1796-1807 $440. $990. $1540. $2880. TWENTY-CENT PIECES
Classic Head 1808-1814 715. 1650. 2860. CALL Twenty-Cent 1875-1878 $166. $240. $330. $525.
Coronet Head 1816-1839 60. 130. 200. 240. QUARTER DOLLARS
Braided Hair 1840-1857 32. 48. 115. 145. Capped Bust 1815-1828 1g size $495. $1280. $1830. $2700.
SPECIAL! PAIR OF BRAIDED COPPER TYPE Capped Bust 1831-1838 red size 145. 352. 695. 1440.
One each Half Cent and Large Braided Hair type. Pleasing, original chocolate brown; nice Liberty Seated 1838-1840 no drap 175. 400. 825. 1215.
even color. Liberty Seated 1838-52, 56065 no motto 42. 70. 165. 255.
AU $234.00 Select BU MS-60 Brown $288.00 Liberty Seated 1853 arrows&rays 42. 140. 300. 720.
Choice BU MS-63 Brown $373.00 Choice BU+ MS-64 Brown $551.00 Liberty Seated 1854-1855 arrows 40. 88. 230. 450.
SMALL CENTS Liberty Seated 1866-73, 75-91 motto 40. 60. 140. 205.
Flying Eagle 1857-1858 $44. $110. $180. $370. Liberty Seated 1873-1874 arrows 65. 176. 380. 630.
Indian Head C/N 1859 40. 94. 165. 245. Barber 1892-1916 24. 46. 110. 175.
Indian Head C/N 1860-1864 22. 44. 66. 95. HALF DOLLARS
Indian Head 1864-1909 3. 7. 17. 25. Capped Bust 1807-1836 $85. $143. $315. $825.
TWO-CENTS PIECES Capped Bust 1836-1838 reeded edge 110. 175. 385. 900.
Two-Cent 1864-1873 $23. $39. $66. $80. Liberty Seated 1838-53, 56-66 no motto 78. 115. 215. 345.
Liberty Seated 1853 arrows & rays 128. 225. 530. 1080.
THREE-CENT PIECES Liberty Seated 1854-1855 arrows 78. 145. 285. 445.
Silver Var 1 1851-1853 $50. $62. $143. $170. Liberty Seated 1866-73, 75-91 motto 80. 115. 195. 310.
Silver Var 2 1854-1858 62. 110. 176. 225. Liberty Seated 1873-1874 arrows 95. 225. 400. 680.
Silver Var 3 1859-1873 66. 88. 165. 185. Barber 1892-1915 100. 165. 265. 440.
Nickel, 1865-1889 19. 33. 50. 75.
SPECIAL! “In God We Trust” SPECIAL
NICKEL FIVE-CENT PIECES One each Liberty Seated Quarter and Half with the motto “In God We Trust” type. Pleasing,
Shield w/rays 1866-1867 $85. $133. $185. $265. problem-free examples.
Shield no rays 1867-1883 31. 53. 88. 110. EF $168.00 AU $302.00 Select BU MS-60 $465.00
Liberty Head 1883 No Cents 8. 10. 12. 21. Select BU+MS-62 $535.00 Choice BU MS-63 $770.00
Liberty Head 1883-1912 9. 26. 44. 55.
SPECIAL! HEATHEN PAIR
HALF DIMES One each Liberty Seated Quarter and Half without the motto “In God We Trust” type.
Capped Bust 1829-1837 $110. $149. $220. $315. Pleasing, problem-free examples.
Liberty Seated 1837-1838 no stars 135. 225. 440. 525. EF $171.00 AU $346.00 Select BU MS-60 $585.00
Liberty Seated 1837-1840 no drap 45. 95. 185. 200. Select BU+ MS-62 $652.00 Choice BU MS-63 $953.00
Liberty Seated 1838-53, 56-59 stars 25. 55. 110. 130.
Liberty Seated 1853-1855 arrows 25. 55. 120. 160. SILVER DOLLARS
Liberty Seated legend 25. 42. 66. 120. Liberty Seated 1840-1866 No motto $453. $545. $735. $1530.
Liberty Seated 1866-1873 Motto 453. 533. 695. 1440.
TYPE Trade 1873-1885 185. 258. 325. 720.
DIMES VF EF AU SELECT BU MS-60
Capped Bust 1809-1828 Var 1 $230. $475. $550. $990. SPECIAL!
Capped Bust 1828-1873 Var 2 90. 230. 395. 675. Take 5% off your purchase of $300.00 or more and 10% off your purchase of $1000.00 or
Liberty Seated 1837-1838 no stars 245. 440. 660. 800. more from this TYPE COIN EXTRAVAGANZA! Have FUN!
Liberty Seated 1838-1840 no drap 56. 155. 285. 350. SPECIALS not included

COOL DATE 1934-D PEACE DOLLAR SPECIAL KICK START 10-PACK SMS
From an original deal put away long time ago.
As typical – great luster! All coins brilliant with
Choice BU+MS-64
GEM BU MS-65
$220.34
$610.34 YOUR SET! SETS
nice strikes and nice surface qualities. I was I have been accumulating these little gems over the
expecting your typical “P” mint deal when I All in original government issue packaging.
past year – didn’t realize how many I actually had!
irst opened the tubes – waaay cooler to be the 10-pack 1965 SMS sets $85.65
So… SAVE NOW as I have waaay too many.
little tougher “D” mint. Wouldn’t it have been 10-pack 1966 SMS sets $80.66
1950 PROOF Franklin Half
great to be “S”’s? 10-pack 1967 SMS sets $90.67
GEM PROOF-65 $418.50
OR 10-pack each (30 sets total) $244.30
While they last at these special prices: GEM+PROOF-66 $472.50
Select BU MS-60 $110.34 All coins brilliant – some with a little semi-cameo!
Choice BU MS-63 $160.34
BEAUTIFUL BUST HALVES
UNCIRCULATED 1964-P KENNEDY One of our most beautiful coin designs, yet very inexpensive to own. We select dates for your in the
grade range of VG to VF. Nice, uncleaned, problem-free coins.
HALF ROLLS 3 different coins for $210.00
Brilliant roll of 20 coins, tubed. Great value with current silver price. Stock up NOW!
1 roll $160.00 5 rolls for $750.00
UNCIRCULATED 1921 MORGAN SILVER DOLLAR ROLLS
3 rolls for $465.00 20-coin roll of 1921 P-mint MORGAN SILVER DOLLARS. All coins brilliant, grading
MS-60+ to MS-63.
Tubed. SPECIAL! $485.00
6-PACK COOL FRANKLIN HALVES BARBER PAIR
Uncirculated (MS-60 to MS-63) 1950-P, 1951-P and 1952-P Franklin halves. Neat little deal; all coins Neat DUO! Received 1 each Barber Quarter and Barber Half. My choice of year – your choice of
brilliant. I will mix them up for you. grade! All choice original with no problems!
6-pack Uncirculated Franklins $88.00 PAIR in FINE $46.25
PAIR in VF $98.50

KATHY BUCKS PAIR 40% 1971 IKES

Mention CAKB1218 and take $10 off your purchase of $100 or Receive 1 each: 1971-S 40% BU IKE in cello & envelope
more from this page only! 1971-S 40% PR IKE in plastic (no box)
Good through 12/31/18 CHEAPO DEAL! $16.71

John Paul Sarosi, Inc.

See us at the upcoming C.A.M.P. COIN SHOW
March 22, 23, 24 2019 – Monroeville, PA
TERMS OF SALE: 1) Payment terms: U.S. Post Office and American Express money orders shipped
quickest. ALL OTHER CHECKS MUST CLEAR THREE WEEKS. 2) We accept MasterCard, VISA and
Discover. We need the issuing bank, bank’s city and state, card number, expiration date. No credit cards
106 MARKET STREET JOHNSTOWN PA 15901
on $20 gold pcs. 3) No PA sales tax on coins & bullion. 4) Postage and Handling Fees: $5.00 on KATHY SAROSI • JOHN PAUL SAROSI
orders less than $500.00; orders over $500 shipped Postage Paid. Bullion items are/or boxed items may
be charged an additional fee. Actual postage fees non-refundable. 5) Guarantee: All items guaranteed www.sarosicoins.com
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
CALL 10 AM to Approx 9 PM • Mon-Fri/Sat 10 AM
for any reason including grading. No return on bullion-related items. Grading 43 years experience. No WANT LISTS AGGRESSIVELY FILLED – TRADES WELCOME
warranty expressed or implied is made with respect to descriptions which can and do vary among grad-
ing experts. Please do compare our quality with coins you purchase elsewhere. Let us know if you can
find comparable quality for less. 6) All returns must be in original holders, unopened and undamaged.
TOLL FREE ORDER LINE: 1 (800) 334-1163
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.
1-(814) 535-5766 FAX: 1 (814) 535-2978
 EXCLUSIVE COINAGE ANALYSIS

Coin Investing is About

More than Gold
PLATINUM GROUP METALS LOOK PRECIOUS FOR 2019
BY STEVE VOYNICK

One-troy-ounce 2018
American Eagle 1-troy-ounce
palladium American Eagle
bullion coin. platinum bullion coin.
Photo courtesy United States Mint. Photo courtesy United States Mint.

20 COINAGEMAG.COM
GETTY IMAGES

Reverse (at left) and

obverse of the 2018
American Eagle platinum
1-ounce proof coin.
Photos courtesy United States Mint.

COINAGE JANUARY 21
 The grinding mills at Montana’s Stillwater Mine; grinding ore to
a ine powder is one of the irst steps in recovering PGMs.
Photo courtesy Stillwater Mining Company.
G
ET WITH THE PROGRAM. hese days, even the U.S. Mint
is manufacturing, promoting, and selling coins made
from precious metals other than the conventional gold
and silver, the most widely touted as investments.
In 1997, for example, the Mint began producing platinum
bullion coins in various denominations and weights. And in
2017, the one troy-ounce palladium American Eagle made
its appearance, joining the growing array of platinum and
palladium investment coins and bars that are now available.
he new palladium coin is a member of the American Eagle
family, even though its obverse features a high-relief likeness of
“Winged Liberty” from the Mercury dime obverse designed by
Adolph A. Weinman. he irst issue of 15,000 pieces sold out
instantly.
A couple of years ago, the well-known “daredevil investor”
James Passin researched rhodium and identiied it as a candi-
date for rapid growth. Coin experts John Albanese and Scott
Travers took notice of Passin’s analysis, recommended it them-
selves, and watched rhodium soar from under $800 per troy
ounce to close to $2,400 by September 2018. his 300% increase
in just two years dramatically illustrates both the inherent price
volatility and the investment opportunities ofered by rhodium
and its sister metals.
Rhodium, along with platinum, palladium, iridium, ruthe-
nium, and osmium, make up the platinum-group metals
(PGMs). hese six largely inert, chemically similar metals
have silvery-white colors, excellent electrical conductivity, and
extraordinary catalytic properties. Because they resist chemical
oxidation and retain their luster indeinitely, they are classiied
with gold as “noble” metals. Given their rarity, high value, and
use in jewelry and investment products, the PGMs also qualify
as precious metals.
And for the precious metal investor, James Passin and others
are now recommending platinum coins and bars, though
22 COINAGEMAG.COM
A 78-gram (2.5-troy-ounce) cube of rhodium,
one of the six PGMs.
Photo courtesy Wikimedia Commons.
admittedly not with the same enthusiasm as with the earlier
rhodium call. Platinum, the most common and familiar PGM,
ranks 71st in crustal abundance (gold is 72nd). It is consider-
ably harder and denser than gold, and its much higher melting
temperature makes it more diicult to work. Although not
quite as inert as gold, platinum nevertheless resists oxidation
to retain its silvery-white color and bright metallic luster. Also
unlike gold, platinum and the PGMs rarely occur in economic
concentrations suitable for mining.
Gold has been valued since antiquity, but platinum’s story is
much diferent. In the early 1500s, Spanish colonial gold min-
ers found the irst important source of platinum in the river
placers of what is now Colombia. At the time, the metal had
neither use nor value. Furthermore, it was diicult to separate
from gold, and its high melting temperature made it virtually
unworkable. he Spanish named the metal platina, a deroga-
tory term meaning “little silver,” alluding to both its silvery
color and lack of value.
When the Spanish did manage to separate platina from gold,
they discarded it as waste. During the early 1600s, workers at
the Santa Fé de Bogotá royal mint in the present-day Colombi-
an capital city of Bogotá dumped hundreds of pounds – per-
haps even several tons – of platina into the Río Bogotá, where it
remained for several centuries.
he Spanish continued to discard platina until 1670, when
metallurgists found its irst practical use – as an alloying agent
to improve the hardness and durability of bronze cannons.
Weighing a ton or more, these cannons contained as much as
1% (oten more than 20 pounds) of platina.
hen, in the early 1700s, metallurgists learned that adding
arsenic to platina reduced the metal’s high melting point and
enhanced its workability. hey also realized that gold, even
when heavily alloyed with platina, changed very little in weight
or color, a discovery that led Spanish colonial mint workers to
 The Stillwater Mining Company in Montana accounts for
virtually the entire United States PGM production.
Photo courtesy Stillwater Mining Company.
begin adulterating gold coins with platina and pocketing the
displaced gold.
To stop this practice, the Spanish Crown banned private pos-
session of platina under penalty of death. When counterfeiting
continued, the Crown took another approach, this time ofering
a bounty for all platina turned in – the irst formal valuation
of the metal. Ironically, the Crown itself would later resort to
counterfeiting by ordering its own gold coinage debased with
platina, then using those issues to settle foreign debts.
In the early 1800s, English chemists showed that platina was
not a single element as previously thought, but a natural alloy
of several elements. Ater isolating and identifying palladium,
rhodium, iridium, and osmium, they named the parent metal
“platinum” ater platina. Platina’s last elemental component –
ruthenium – was discovered and isolated several decades later.
In 1824, Russian gold prospectors in the Ural Mountains
discovered the rich Nizhne-Tagilsk platinum placers. he
Russian government quickly monopolized platinum mining
and reining, and began fabricating and marketing platinum
jewelry – which consumers promptly rejected as a cheap
“silver imitation.”
To make use of its growing platinum stockpile, the Russian
government then issued legal-tender, platinum ruble coins.
In 1828, a 3-ruble coin containing 10 grams of pure platinum
made its debut and was soon followed by a 6-ruble, 20-gram
coin. Two years later, a hety 12-ruble coin containing 40 grams
(nearly 1.3 troy ounces) of platinum entered circulation.
By 1843, when Russian mints were turning out 100,000 troy
ounces of platinum coins each year, the government realized
that the number of circulating platinum rubles far exceeded
that of its oicial mint issues. European counterfeiters had been
buying nearly worthless Colombian platina and using it to
mint bogus platinum rubles. Russia’s platinum coinage halted
in 1845 when the metal was no longer considered an invest-
Investment bars of .9995 pure platinum are
popular investment items.
Photo courtesy Johnson Matthey.
ment or a collectible. Platinum coins would not be struck again
until the 1970s.
During the 1850s, European scientists began utilizing plati-
num’s high melting point and chemical inertness in laboratory
instruments and crucibles. Growing fabrication demand soon
drove platinum’s price to $1.50 per troy ounce – higher than
the price of silver.
In the 1890s, researchers discovered that platinum’s catalytic
properties could increase the rate of many industrial chemi-
cal reactions. Platinum soon became a vital catalyst in many
chemical processes, most notably in acid manufacturing and
petroleum “cracking.”
At the same time, platinum was also becoming popular as
a jewelry metal when Louis Cartier of Paris, Louis Tifany of
New York, and Peter Carl Fabergé of Moscow, the world’s fore-
most jewelry designers, began creating jewelry that combined
platinum’s brilliant, white gleam with the glitter of diamonds
and sapphires. Louis Tifany later used platinum extensively in
his popular Art Nouveau jewelry creations.
By 1905, combined jewelry and industrial demand had driven
platinum’s price above that of gold (then $20.67 per troy ounce).
Breaking the “gold-price barrier” earned platinum worldwide
acceptance as a bona ide precious metal.
In 1924, South African geologist Hans Merensky made the
greatest PGM discovery ever – layered igneous deposits of
PGM-bearing minerals rich enough to justify the cost of deep
underground mining. hese deposits, the Merensky, Platreef,
and UG2 reefs, all part of South Africa’s mineral-rich Bushveld
Complex, are still the world’s largest source of PGMs.
As growing South African mine production was lowering
the price of platinum, its demand as a jewelry metal increased.
By the 1930s, the new Art Deco jewelry style that emphasized
platinum became so popular that the value of platinum-jewelry
sales began to approach that of gold.
COINAGE JANUARY 23

The Russian 3-ruble
platinum coin of 1834.
Photo courtesy Wikimedia Commons.
But during World War II, when platinum’s high electrical
conductivity, durability, and corrosion resistance became
critical in many wartime applications, the United States War
Production Board declared the metal a strategic material and
banned its use in jewelry.
The PGMs entered the modern era with the passing of the
federal Clean Air Act in 1970. This act mandated reductions in
automotive-exhaust emissions and required that the millions
of new automobiles manufactured each year be equipped with
catalytic converters to break down carbon monoxide, noxious
hydrocarbons, nitrous oxides, and other exhaust emissions.
Each converter now contains roughly one-quarter to one-half
troy ounce of platinum, palladium, or rhodium (some contain
all three metals) on a ceramic honeycomb called “autocatalyst.”
Growing demand for autocatalyst started a general upward
price trend for platinum, palladium, and rhodium that has
since fluctuated but never really stopped. Autocatalyst demand
for these three metals remains the primary driving force
behind their prices today.
As PGM prices rose sharply in the 1970s, South African
mines stepped up PGM production, while Russia opened its
palladium-rich Norilsk Nickel mines and reopened its old
placer mines in the Urals.
Meanwhile, metallurgists and treasure hunters began track-
ing down many old platina-bronze Spanish cannons displayed
in town plazas and ports throughout Latin America, chipping
off assay samples to identify “platinum guns,” then acquiring
them to sell for their PGM value. And in Colombia, miners
returned to the old colonial platina mines and even began
sluicing gravels in the Río Bogotá, where Spanish mint workers
had dumped their then-worthless platina 300 years earlier.
Platinum coins also made their first appearances since 1845.
In 1977, the Soviet Union began issuing one-half-troy-ounce
platinum commemorative coins dedicated to the 1980 Moscow
Olympics. Platinum coinage continued with various com-
memorative issues until 1991 and the fall of the Soviet Union.
The Russian Federation then minted 16 platinum-coin issues
commemorating historical events and Russian art until 1995.
24 COINAGEMAG.COM
The obverse
of Tuvalu’s
2018
1-troy-ounce
rhodium coin.
In 1983, the Isle of Man issued the one-troy-ounce platinum
Noble, the first PGM investment coin. In 1988, Canada, Aus-
tralia, and China came out with the platinum Maple Leaf, the
platinum Koala, and the platinum Panda, respectively, all in a
variety of weights.
The Australian platinum Koala was particularly interesting
in that it was available in weights from on-tenth of a troy ounce
to one kilogram (32.15 troy ounces), the latter at the time the
world’s heaviest bullion coin.
In 1997, the United States joined the platinum-coinage parade
with the American platinum Eagle in weights of one-tenth,
one-quarter, one-half, and one troy ounce.
As platinum demand grew, PGM mining expanded in South
Africa and also became a significant industry in Russia,
Canada, and the United States. Because of their mutual chemi-
cal affinities, the PGMs always occur together in nature and are
mined together. “Platinum mines” are really “PGM mines,” in
which either platinum or palladium are the metals of primary
economic importance, while the other four PGMs are present
in smaller quantities.
Today, 14 million troy ounces of PGMs, mostly palladium and
platinum in a 60-40 ratio, are mined worldwide each year. Just
four nations account for most of this production. South Africa’s
20 PGM mines, rich in platinum and rhodium, yield 8 million
troy ounces each year, or nearly 60 percent of world output.
Russia, where PGM ores are rich in palladium, ranks second
with 3.2 million troy ounces, most from the Norilsk Nickel
mines, along with smaller amounts from two large placer
mines. Canada is third with 1.1 million troy ounces coming
from the Lac des Iles palladium-platinum-gold mine and as a
by-product of nickel mining.
The United States ranks fourth with 520,000 troy ounces,
almost all from Montana’s Stillwater underground palladium-
platinum mine. The Stillwater deposit, the world’s richest
– but not largest – PGM source, consists of a six-foot-thick,
four-mile-long layer grading 0.7 troy ounces of PGMs per ton
in a 3.6:1 palladium-platinum ratio. Stillwater, which opened
in 1986 and has workings as deep as 2,900 feet, now recovers
388,000 troy ounces of palladium and 116,000 troy ounces of
platinum from 1 million tons of mined ore each year.
Stillwater’s cumulative PGM production now tops 12 million
troy ounces, and large ore reserves remain for future mining.
But because Stillwater accounts for only 3.5% of global output,
the United States, the largest PGM consumer, relies heavily on
imported PGMs.
Ater mining, PGM ores are crushed, ground to a ine pow-
der, and put through a lotation-separation process that yields
a PGM-sulide concentrate. his concentrate is then smelted
into a metallic mix of PGMs, which is separated and reined at
PGM reineries.
Global PGM demand now tops 18 million troy ounces per
year. Autocatalyst accounts for 60% of
demand; jewelry manufacturing for 27%;
and metallurgical, chemical, medical,
and electronic uses for 13%. Specialized
PGM uses include chemotherapy drugs for The United States
cancer treatment, biomedical devices such
as stents and pacemakers, specialty alloys, ranks fourth with
and fuel-cell catalysts. 520,000 troy ounces,
he gap between PGM supply and
demand is somewhat balanced by 4 mil-
almost all from
lion troy ounces of recycled PGMs recov- Montana’s Stillwater
ered from scrap autocatalyst, electronics,
and jewelry.
underground
Each year, 3 million troy ounces of PGMs, palladium-
mostly platinum, are made into jewelry.
But platinum’s jewelry appeal appears to be
platinum mine.
somewhat limited. Unlike gold, platinum
lacks its own distinctive color. Gold also
enjoys a millennia-old tradition as the
world’s preferred ine-jewelry metal, while platinum’s jewelry
history goes back only about 120 years. It is not surprising,
therefore, that 84 million troy ounces of gold are now fabri-
cated into jewelry each year compared with only 3 million troy
ounces of platinum.
As investment metals, 99.95% pure platinum and palladium
coins and bars in a variety of weights are readily available. Both
platinum and palladium have a liquidity approaching that of
gold and a steadily increasing demand. hey are also much
rarer: Only a single troy ounce of platinum is mined today for
every 18 troy ounces of gold. Yet gold clearly remains the pre-
ferred investment metal. Institutions, governments, and private
investors now hold 3 billion troy ounces of gold, compared with
just 3 million troy ounces of platinum.
Historically, PGM prices have been more erratic than those of
gold, an instability that presents interesting investment oppor-
tunities. Currently, the price of platinum is substantially lower
than that of gold. As of this writing (November 2018), platinum
is worth $860 per troy ounce. Palladium is worth $1,100 per
troy ounce; ruthenium, $270; osmium, $400; iridium, $1,485;
and rhodium, $2,425. In just the past four years, platinum
prices have hit $2,000 per troy ounce, while palladium has bot-
tomed out at $175 and ruthenium has ranged from $40 to $270.
Because platinum and palladium have somewhat interchange-
able autocatalytic uses, they oten exhibit a “seesaw” relation-
ship between price and demand. When platinum prices are
higher, autocatalyst manufacturers oten switch to palladium,
thus boosting its demand and price, while lowering those of
platinum. Every few years, the opposite occurs when palladium
prices rise.
As previously noted, rhodium prices are even more volatile.
Rhodium, one of the rarest of the PGMs, is particularly
efective in catalyzing the breakdown of nitrous oxides in
automotive emissions. When rhodium
took of on a sharp rise to a remarkable
$10,000 per troy ounce in 2007, it became
the most precious of the precious metals
– only to lose 90% of its value during the
2008 inancial crisis.
Rhodium has many uses in autocatalyst,
industrial catalysts, iber optics, crucibles,
electrical contacts, jewelry plate, and exotic
alloys. Perhaps most importantly for the
future, rhodium shows great promise in
catalyzing the chemical reactions neces-
sary for solar-energy storage – an area that
has long baled researchers.
Rhodium is now also joining platinum
and palladium in metal-investment
markets. he Paciic island nation of
Tuvalu recently issued the irst rhodium
coin containing 1 troy ounce of 99.9% pure
rhodium. Also available are 1-troy-ounce and 5-troy-ounce
rhodium bars.
An interesting way to put historical PGM and gold produc-
tion into perspective is through physical volume. According
to the United States Geological Survey, total PGM produc-
tion since large-scale mining began in the 1920s is about 440
million troy ounces – a mere fraction of the 7 billion troy
ounces of gold that have been mined throughout history. he
cumulative gold production would occupy a cube 69.2 feet on
a side; all the PGMs ever mined would occupy a cube only 14.2
feet on a side.
Increasing use in industry and growing popularity as invest-
ment metals indicate that overall PGM demand will grow,
while supply may be restricted by inherent rarity and limited
number of mine sources – the likely reasons why Passin and
others are now focusing on platinum as a particularly attrac-
tive investment opportunity. he PGMs have come a long way
since platina, and the best part of their story is yet to come.
COINAGE JANUARY 25
 The

26 COINAGEMAG.COM
 T
The 1804 cent is HERE ARE THOSE TODAY WHO BUY GOLD AND SILVER
one of the most BULLION AS AN INVESTMENT EVEN THOUGH THE OUTLOOK
sought after dates IS SOMETIMES VOLATILE. Rare collector coins, on the
by collectors.
Photo courtesy Goldberg.
other hand, are another matter. The demand for
early American coins, especially the lowly cent, has driven
up prices far exceeding inflation. As but one example out of
many, in 1990, the 1804 Draped Bust cent in Extremely Fine
condition was worth about $4,500, while in January 2019, the
estimated cost to the collector is $17,000.
Those who specialize in the early copper coinage of the
United States are also well aware of the enjoyment that comes
from studying and collecting the famous Draped Bust cents,
fi rst struck in the fall of 1796. For more than 150 years, col-
lectors have specialized in these coins and the interesting die
varieties that go with them.
The Draped Bust cents were among the fi rst coins laid aside
in the 1850s when coin collecting became a national hobby.
It was this series of coins, perhaps more than any other, that
encouraged interest in the early coinage of the United States.
The story begins at the Philadelphia Mint in the summer
of 1795.
In early July 1795, Henry William DeSaussure became
director of the Mint, replacing the fi rst director, David Rit-
tenhouse. The new director energetically set about his duties
and one of the events that occurred during his few months in
office was the introduction, at the beginning of October 1795,
of the famous Draped Bust silver dollar.
What part DeSaussure played in the change of design is
not known but was probably minimal, as such decisions
were matters of government policy because of the criticism
directed at the Mint in Congress and elsewhere. According
to a later writer, famed artist Gilbert Stuart made sketches
for a new bust of Liberty. Once the drawings were approved,
they were sent off to John Eckstein, a Philadelphia artist who
prepared plaster models to guide Mint Engraver Robert Scot
in engraving the dies.
Scot soon executed the new dollar hubs and dies, but it was
some time before all of the silver and copper denominations
got the new obverse. Cutting the hubs, from which the work-
ing dies are made, is a tedious and careful business requiring
considerable time.
Elias Boudinot replaced DeSaussure as director in late
October 1795 and was also an energetic individual. One of

INCREASED INTEREST FROM

his major problems, and one that had not been solved by his
two predecessors, was a steady supply of copper for coinage.

COLLECTORS PROMISES TO The Mint had run out of usable copper in May 1796, and
there was none in sight.
PROPEL THESE LUCKY PENNIES Over the winter of 1795-1796, Boudinot had corresponded

TO NEW HEIGHTS IN 2019 with the Governor & Company of Copper Miners in Eng-
land, who had informed him that their product was of the
highest quality and that he could depend on it. The director
BY R.W. JULIAN ordered several tons each of sheet copper and ready-made

COINAGE JANUARY 27
 planchets, but it took sheet copper just used,
some months to arrive. but Boudinot ordered
Planchets were cut that this copper (called
directly from the sheet shruf) be sold to local
copper, which was made metal workers. The Mint
to a certain thickness. rolling mills, which
In the meantime, flattened the ingots of
Boudinot also wrote Mat- metal, were in such poor
thew Boulton, the famed shape that the director
English private coiner and decided to keep them
copper manufacturer of for use on the precious
Birmingham. Unfortu- metals (silver and gold)
nately, Boulton was quite only.
busy with other contracts Boudinot once more
and put Boudinot off until appealed to Matthew
a later time. Boulton but also asked a
The Governor & Com- close relative in England
pany copper was received (Samuel Bayard) to
in October 1796, but press Boulton for ready-
Boudinot was less than made planchets. Bayard
thrilled when he saw it. was an American official
The sheet copper had to whose job was to settle
be scoured before it could outstanding fi nancial
be used, and the ready- problems between
made planchets were not the United States and
much better; many of Mint Director Elias Boudinot. Great Britain. He also
the latter also had to be reluctantly ordered four
cleaned by hand, thus losing any price advantage that might more tons of planchets from Governor & Company.
have been gained by using them. The Mint was closed for the Yellow Fever epidemic in the
Boudinot, because there was a strong demand from the early fall of 1797; several employees of the Mint, including
public for cents and the Mint had been out of them for Treasurer Nicholas Way, succumbed to the deadly disease.
months, had little choice except to use the flawed Governor While the doors were locked, copper from both Boulton and
& Company copper. The approximately 350,000 ready-made Governor & Company arrived at the Philadelphia docks.
planchets were sent to the coining rooms and were struck One pleasant custom of the time has not survived to the
into Draped Bust cents during November and December present. It was traditional to issue a liberal ration of rum to
1796. Th is was the fi rst coinage of the new design. the laborers handling the heavy casks of planchets unloaded
Minor varieties exist for the 1796 cent, mainly of interest from the ships. Each cask weighed about 420 pounds, and
to specialists in the field. The so-called “LIHERTY” obverse the men certainly worked up a sweat in hauling them to the
is actually the result of a die that was ground down to Mint. The government paid 9 cents to have each cask brought
remove defects. Ordinary Draped Bust cents of 1796 have a from the docks and carried inside the Mint.
book value of $1,000 in Fine-12, while even in Good-4 they The Boulton planchets proved ideal but the Governor &
are around $400. In the upper grades the 1796 cents of this Company work was just as bad as before; the latter company
design are worth several thousand dollars. would sell no more copper to the Philadelphia Mint. Boulton,
There was some hesitation about using the Governor & on the other hand, would produce planchets for cents and
Company sheet copper (from which the Mint cut planchets), half cents until 1838, thereby providing more than 40 years
but in February 1797, this too was sent to the coining of service to American coinage.
rooms. Demand was still reasonably heavy, and the 400,000 The planchets, regardless of source, were quickly sent to the
planchets obtained were all struck by about March 15. It is coining rooms when the Mint reopened for business in early
not certain if 1796 dies were used for this coinage. November 1797. It is nearly certain that dies of 1797 were in
With the last delivery of cents in March 1797, the Mint use by this time and may, of course, have been employed as
was once more out of copper, but only in a technical sense. early as the preceding February and March.
There was a large quantity of clippings on hand from the There are several minor varieties for the 1797 cents. One

28 COINAGEMAG.COM
The Draped Bust head
of Liberty was first
used on the silver
dollars of 1795.
Photo courtesy Goldberg.

The first Draped Bust

cents were struck in
November 1796.
Photo courtesy Goldberg.

Not all coins were

struck perfectly, as
is shown here by
a 1798 cent.
Photo courtesy Goldberg.

COINAGE JANUARY 29
 The famous 1801 cent with three errors: “IINITED”
instead of “UNITED,” a missing stem, and a fraction
reading “000” instead of “100.”
Photo courtesy Goldberg.
that has attracted collector interest for more than a century is
the “stemless” reverse. The stems at the bottom of the wreath
were always punched in by hand and, for certain reverse dies,
the engraver simply forgot them.
Coinage of cents was halted in mid-December 1797, with
demand temporarily satisfied, but resumed about a month
later. The last of the copper on hand, all from Governor &
Company, was used in July 1798; by a stroke of luck, another
shipment from Boulton was received just as the earlier cop-
per was exhausted. The 10 tons of Boulton planchets (930,000
pieces) were a godsend, and the copper was sent immediately
to the coining rooms.
Yellow Fever visited its wrath on Philadelphia again during
the summer and fall of 1798, and the Mint was once more
forced to close its doors, this time on August 17; it reopened
in early November. At first, there was little demand for copper
coinage but demand soon picked up as business revived; the
presses churned out copper coins heavily in December.
The cents of 1798, which are far more common than the
mintage reports indicate, are among the easiest of the 18th
century coppers to obtain. The overdate of 1798 over 1797
(1798/7 in numismatic terminology) is scarcer than the aver-
30 COINAGEMAG.COM
age 1798 Draped Bust cent, but not by much. It is worth noting
that the 1798/7 overdate is the first in the Draped Bust series.
Cents of 1798 are more common than expected because the
obverse dies for this year were used throughout most of 1799,
a common practice in the early Mint to save money. In some
cases it is known that obverse dies were used as long as three
years after their nominal date. A 1797 half cent obverse was
still being used in the spring of 1800, for example.
The Mint again ran out of copper during the late winter of
1798-1799, and the sea lanes were now fi lled with letters from
Boudinot to Boulton imploring him to send as many planchets
as possible and soon. Boudinot’s entreaties were answered in
July 1799 with the delivery of about 930,000 blanks. These
were all struck by late August, when the Mint again closed for
the Yellow Fever scourge.
Cents of 1799 do exist, and are quite rare, but it is far from
certain just when they were struck. The estimate sometimes
seen, 42,540 pieces, is known to be wrong and much too low,
but the true number minted was probably under 100,000. Col-
lectors have been searching for cents of this date for more than
150 years and the value, about $30,000 in VF-20, well reflects
the strong demand from copper specialists. There are actually

The 1799 cent
is a famous
rarity of United
States coinage.
Photo courtesy Goldberg.
two major varieties: a regular date and an overdate, 1799/8, the
latter being the scarcer of the two.
The Mint reopened on November 6, 1799, after the epidemic
had waned and immediately began coining a fresh shipment
of planchets from Boulton, some 1.9 million pieces. Th is was
the largest delivery to date and, for once, the Mint did not
have to worry about running out of copper in the immediate
future. In fact, it was not until June 1800 that the last of these
planchets was coined and distributed to the public.
By sheer coincidence, another delivery (950,000 pieces) was
received from Boulton just as the last coins on hand were
being paid out. It was perfect timing so far as Boudinot was
concerned, and these were sent directly to the coining depart-
ment. All were coined by the end of September 1800.
The cents of 1800 have the most interesting varieties of any
of the Draped Bust design up to that year. There are several
overdates, including 1800/1799 and 1800/179– (dies were
normally made up without the last digit). The regular 1800 is
worth about $1,000 in Very Fine-20, for example. Although
overdates normally bring good money from specialists, in the
case of 1800, the premium is not all that high as the overdates
are relatively common.
Although the Mint was out of planchets at the end of Septem-
ber 1800, this time the institution was not so lucky in receiving
a Boulton shipment in the nick of time. In fact, it was not until
March 1801 that Boulton was able to notify Boudinot that a
shipment was then being loaded for the long sea voyage to
Philadelphia. It arrived in July, and the 1.9 million blanks were
quickly unloaded and sent to the coining room.
Boulton also shipped 2.3 million planchets a few weeks later,
and these were received in Philadelphia in October 1801. This
meant that 4.2 million planchets had thus been received in 1801
and the long famine was now over; from 1801 until 1811, there
would be no shortage of planchets for the cent.
The regular 1801 cent is relatively common in dealers’ stocks,
but there is one variety of the 1801, however, that has been
avidly collected since the 1850s: the famous coin with three
errors. The fraction is 1/000 instead of the correct 1/100,
no stems, and “IINITED” instead of “UNITED.” In the last
case, the letter “U” was first punched upside-down and then
corrected, thus giving the appearance of “II” rather than “U.”
Because the three-errors coin is not especially scarce, the value
is little more than a regular piece: In Very Fine-20, it is worth
less than $3,000, for example.
For 1802 and later coins, with one exception, the 1804, the val-
ues are roughly the same: Extremely Fine-40 about $1,000 and
Fine-12 about $400. Actual prices, of course, vary from these
estimates, depending upon the eye appeal and overall quality.
There are only a few outstanding varieties in the later
years of the Draped Bust cent. The 1807/6 overdate, because
there are two dies, is readily obtained. The larger of the two
overdates is the more common and worth little more than a
regular issue. The small overdate, however, is one of the rarer
pieces in the series.
The 1804 cent has long been recognized as a major rarity,
akin to the 1799. The dies began to break up at an early date
and, because there was only the one pair, the date is very dif-
ficult to find in quality condition. In XF-40 the book value is
$13,000, for example.
The 1806, with a mintage figure of 348,000, ought to be a rare
coin, but in reality is only slightly scarcer than average for the
period. The cent press broke down during the spring of that
year and, because the Mint had accumulated a large number of
coined cents for which there was no current demand, little haste
was made in repairing the press. It was not, in fact, returned to
service until January 1807. Because the dies of 1806 were still in
good condition, they were used for some weeks into 1807.
It is believed that the cent dies of 1807 were likewise used
for a time in the early part of 1808. In 1808, the new Classic
Head design by John Reich was placed into service, and the
Draped Bust cent would no longer be struck. It was the end of
an interesting series of coins, well appreciated by present-day
collectors and likely to remain so for generations to come.
COINAGE JANUARY 31
 INTERESTING STUFF
RUSSIA, Ivan the Terrible silver wire
kopeck (1533-1594) VG-F.................................................. $7.00
ITALY silver 5 Lira Victor Emmanuele II,
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PRUSSIA silver 5 Mark, 1913-14, Kaiser in military
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GERMANY UNC. WWI Silver 1/2 & 1 Mark,
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 January 2019
1859-1909 IndIan Head Cents
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1895 2 2.75 3.50 4 12 20 40 200
1896 2 2.75 3.50 4 15 20 40 200
1897 2 2.75 3.50 4 15 20 40 225
1898 2 2.75 3.50 4 15 20 40 175
1856-1858 FLyIng eagLe Cents 1899 2 2.75 3.50 4 15 20 40 175
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65 1900 2 2.75 3.50 4 12 20 35 175
The COINage PrICe guIde

1856 6500 7500 10000 11000 11500 12500 17500 60000 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 (small letters) 30 40 55 75 175 275 475 5000 1903 2 2.75 3.50 4 12 20 35 175
1858 (large letters) 30 40 55 80 175 250 425 4500 1904 2 2.75 3.50 4 12 20 35 175
1905 2 2.75 3.50 4 12 20 35 175
1906 2 2.75 3.50 4 12 20 35 175
1907 2 2.75 3.50 4 12 20 35 175
1908 2 2.75 3.50 4 12 20 35 175
1908-S 65 90 100 125 150 200 250 775
1909 10 12 15 18 20 30 40 150
1909-S 450 525 575 600 700 850 1000 2250

1859-1909 IndIan Head Cents

G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1859 15 20 25 45 100 175 275 3750
1860 10 15 20 35 75 100 200 1500
1860 (point bust) 20 35 50 60 100 150 300 5000
1861 25 35 50 60 100 150 200 1750
1862 8 10 15 25 50 75 125 1275
1863 8 10 15 25 50 75 125 1200 1909-1958 LInCoLn WHeat Cents
1864 (copper, nickel) 20 30 40 60 90 100 200 1750 VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS66
1864 (bronze, round bust) 10 18 30 40 60 80 100 350 1909 V.D.B. 10 12 15 18 20 30 65 100
1864 (bronze, point bust) 50 100 125 150 250 325 425 1750 1909-S V.D.B. 600 700 90 1150 1250 1750 3000 5000
1865 8 15 20 25 45 55 100 450 1909 4 5 6 10 15 25 65 100
1866 40 60 90 100 175 225 300 1000 1909-S 125 150 225 250 325 375 575 1000
1867 50 80 100 125 175 225 275 1000 1909-S (S over horizontal S) 135 200 250 325 400 500 1000 -
1868 35 60 90 125 175 225 275 875 1910 0.50 1 5 8 18 30 125 200
1869 75 150 225 325 450 500 675 1500 1910-S 20 30 50 65 100 175 275 -
1869/9 200 500 700 800 900 1000 1200 2500 1911 1.25 2.50 8 10 20 50 150 275
1870 75 150 225 300 425 475 575 1250 1911-D 7 10 50 75 100 200 450 -
1871 75 150 275 300 400 525 625 2000 1911-S 50 55 75 100 200 325 775 1250
1872 100 225 325 400 550 675 775 2750 1912 2.25 2.50 12 25 40 60 125 300
1873 (closed 3) 25 50 75 100 200 250 400 1500 1912-D 12 25 65 100 175 225 625 -
1873 (closed 3, double liberty) 300 800 1400 1600 2500 4000 8000 - 1912-S 30 40 80 100 200 300 875 1500
1873 (open 3) 25 50 65 75 175 200 300 1000 1913 1.25 3 18 25 40 60 175 625
1874 15 30 60 65 100 150 225 600 1913-D 4 10 50 70 100 225 525 900
1875 15 40 60 70 125 150 250 600 1913-S 18 30 50 75 150 300 700 1250
1876 30 50 100 125 200 250 325 700 1914 1.75 5 20 35 55 75 250 -
1877 625 900 1250 1750 2500 2750 3750 8500 1914-D 250 400 900 1500 2250 3500 7250 12000
1878 25 50 100 125 225 250 350 800 1914-S 35 40 90 150 350 500 1250 -
1879 7 12 20 35 75 80 100 325 1915 4 15 50 60 90 125 350 575
1880 4 7 10 12 30 50 80 300 1915-D 4 8 25 45 80 125 275 575
1881 3 6 8 10 25 30 55 300 1915-S 25 30 65 100 200 575 1250 2500
1882 3 6 8 10 25 30 55 275 1916 0.75 2.50 8 12 18 45 100 125
1883 3 6 8 10 25 30 55 250 1916-D 2.50 5 15 30 70 150 550 1500
1884 4 7 10 12 30 45 80 350 1916-S 4 10 25 45 100 225 1000 2250
1885 6 10 20 25 65 75 100 525 1917 0.50 2 5 10 15 35 150 -
1886 3 15 40 50 150 175 200 1250 1917 (double die obverse) 275 350 1250 2000 3000 4000 - -
1886 (obverse of 1887) 7 20 35 50 150 150 200 850 1917-D 2.50 5 25 40 80 150 375 1750
1887 3 5 7 8 18 30 55 325 1917-S 1.25 3 10 25 85 200 1000 -
1888/7 2000 4000 6500 8500 - - - - 1918 0.50 1 4 10 15 35 150 325
1888 2.50 5 7 8 25 30 70 650 1918-D 1.75 5 12 30 75 150 625 -
1889 2 3.50 5 6 15 25 50 300 1918-S 1.75 4 12 30 100 250 1250 3500
1890 2 3.50 5 6 12 25 50 350 1919 0.50 1 3 5 12 30 65 150
1891 2 3.50 5 6 12 25 50 275 1919-D 1.75 4 10 30 70 125 425 700
1892 2 3.50 5 6 20 25 50 250 1919-S 1.25 3 6 20 60 150 550 -
1893 2 3.50 5 6 18 25 50 225 1920 0.50 1.50 2.50 5 15 25 60 -
1894 5 10 15 20 40 55 75 425 1920-D 2.50 6 18 35 75 150 500 1250
1894 (double die date) 25 60 125 175 300 400 900 7250 1920-S 1.25 3 10 35 100 225 1000 -

32 coinagemag.com
 January 2019
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
1921 1.25 3 10 20 45 75 150 350 1944 0.06 0.10 0.15 0.25 0.50 3.50 10 12
1921-S 2.50 6 40 65 125 225 850 - 1944-D 0.10 0.20 0.25 0.30 0.50 1.75 10 15
1922-D 20 25 40 65 100 200 425 - 1944-D (D over S) - - - - - 475 800 1500
1922 (missing D) 800 1000 2250 4250 12000 28000 88000 - 1944-S 0.06 0.10 0.25 0.30 0.40 1.75 8 12
1923 0.75 1.50 5 8 15 30 125 200 1945 0.06 0.10 0.25 0.30 0.40 1.75 8 12
1923-S 7 12 45 85 225 475 1500 - 1945-D 0.06 0.10 0.25 0.30 0.50 1.50 8 15

The COINage PrICe guIde

1924 0.50 1 5 10 25 45 90 175 1945-S 0.06 0.10 0.25 0.30 0.40 2.25 10 15
1924-D 45 60 100 150 300 525 1250 3000 1946 0.06 0.10 0.25 0.30 0.40 1.50 7 15
1924-S 2.50 6 25 70 125 350 1500 - 1946-D 0.06 0.10 0.25 0.30 0.40 0.75 7 15
1925 0.40 0.60 3 6 10 20 75 - 1946-S 0.06 0.10 0.25 0.30 0.40 1 7 12
1925-D 2.50 6 12 30 65 125 475 - 1947 0.06 0.10 0.25 0.30 0.40 1 5 12
1925-S 1.75 3 12 30 125 250 875 3750 1947-D 0.06 0.10 0.25 0.30 0.40 0.75 7 15
1926 0.40 0.60 2 4 10 20 40 85 1947-S 0.06 0.10 0.25 0.30 0.40 0.75 8 12
1926-D 2.50 6 15 30 75 150 675 - 1948 0.06 0.10 0.25 0.30 0.40 1 7 12
1926-S 10 15 30 60 275 525 3000 - 1948-D 0.06 0.10 0.25 0.30 0.40 0.75 7 12
1927 0.35 0.60 2 4 10 20 55 125 1948-S 0.06 0.10 0.25 0.30 0.75 1.75 7 12
1927-D 2.25 3 8 25 60 100 325 650 1949 0.06 0.10 0.25 0.30 0.40 1 5 12
1927-S 2.50 6 15 35 75 200 850 - 1949-D 0.06 0.10 0.25 0.30 0.40 1.25 5 18
1928 0.35 0.60 2 3 8 15 65 125 1949-S 0.06 0.10 0.25 0.30 1.25 3 7 18
1928-D 1.75 4 5 15 35 70 275 - 1950 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1928-S 1.75 4 10 25 70 150 350 - 1950-D 0.06 0.10 0.25 0.30 0.40 1.50 6 12
1929 0.35 0.60 2 3 8 15 45 90 1950-S 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1929-D 1.25 3 5 12 25 40 125 250 1951 0.06 0.10 0.25 0.30 0.50 1.50 6 10
1929-S 1.75 3 6 12 20 35 80 150 1951-D 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1930 0.35 0.60 1.25 2 6 10 25 40 1951-S 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 0.06 0.10 0.25 0.30 0.50 1.50 6 10
1930-S 0.55 1 2 5 10 15 35 70 1952-D 0.06 0.10 0.25 0.30 0.40 1.50 7 15
1931 0.75 2 4 8 20 35 70 100 1952-S 0.06 0.10 0.25 0.30 1.25 3 7 12
1931-D 7 8 15 35 60 100 200 350 1953 0.06 0.10 0.25 0.30 0.40 1.50 6 12
1931-S 75 100 125 135 175 200 300 525 1953-D 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1932 2.50 4 5 12 18 30 45 75 1953-S 0.06 0.10 0.25 0.30 0.40 1.50 6 12
1932-D 2.25 3 5 12 18 30 50 125 1954 0.06 0.10 0.25 0.30 0.40 1.50 6 10
1933 2.25 3 6 12 20 30 45 80 1954-D 0.06 0.10 0.25 0.30 0.40 1.25 4 10
1933-D 4 6 12 18 25 35 50 100 1954-S 0.06 0.10 0.25 0.30 0.40 1 4 10
1934 0.35 0.50 1 2.75 6 10 18 30 1955 0.06 0.10 0.25 0.30 0.40 0.75 4 8
1934-D 0.75 1.25 4 8 15 20 30 60 1955 (double die date) 1250 1500 1750 2000 2500 3000 8500 -
1935 0.15 0.25 0.50 1 1.75 7 18 30 1955-D 0.06 0.10 0.25 0.30 0.40 0.75 3 8
1935-D 0.35 0.60 1 2.50 5 10 18 25 1955-S 0.06 0.10 0.25 0.30 0.40 1 4 7
1935-S 0.50 1 2 4.50 12 18 40 75 1956 0.06 0.10 0.25 0.30 0.40 0.75 6 12
1936 0.25 0.40 1 1.50 2.25 4 10 18
1956-D 0.06 0.10 0.25 0.30 0.40 0.75 5 12
1936 (double die obverse) 20 40 80 100 200 300 800 -
1957 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
1957-D 0.06 0.10 0.25 0.30 0.40 0.75 3 18
1936-S 0.35 0.60 1 2 5 8 15 30
1958 0.06 0.10 0.25 0.30 0.40 0.75 3 10
1937 0.35 0.60 1 1.50 2 3 7 15
1958-D 0.06 0.10 0.25 0.30 0.40 0.75 3 10
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
1940 0.35 0.60 0.75 1 2 3 4.5 18
1866-1883 sHIeLd nICkeLs
1940-D 0.35 0.60 1 1.50 2 3 10 15 G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1940-S 0.35 0.60 1 1.50 2 3 10 18 1866 30 50 80 150 225 325 2000 -
1941 0.35 0.60 1 1.50 2 3 8 12 1867 (with rays) 40 55 100 200 250 400 3500 35000
1941-D 0.35 0.60 1 1.50 2 3 6 12 1867 (without rays) 20 30 40 65 100 150 800 -
1941-S 0.35 0.60 1 1.75 2 3 10 18 1868 20 30 40 70 100 150 800 -
1942 0.35 0.60 0.75 1 1.25 3 7 12 1869 20 30 40 70 100 150 800 10000
1942-D 0.35 0.60 0.75 1 1.25 3 10 18 1870 25 45 60 90 100 175 2000 10000
1942-S 0.40 0.75 1 1.50 5 8 12 15 1871 80 125 200 300 325 450 2500 -
1943 steel 0.15 0.30 0.50 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 (doubled D) 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 75 100 125 200 1750 -

33
 January 2019
1866-1883 sHIeLd nICkeLs 1883-1912 LIberty Head nICkeLs
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67 VG10 VF20 XF40 AU50 MS60 MS65 MS66 MS67
1875 30 50 85 125 150 250 1500 - 1900 4 20 30 60 85 550 1500 15500
1876 25 50 85 125 150 200 1500 - 1901 3 12 30 60 85 525 1500 18000
1879 300 550 750 975 1000 1500 3500 14000 1902 3 12 30 60 85 525 1250 12000
1880 1000 1750 3000 6250 7000 12000 75000 - 1903 3 12 30 60 85 525 1250 12000
1881 250 350 500 700 850 1000 2750 7750 1904 3 12 30 60 85 525 1000 7500
1882 15 25 40 65 95 150 700 5000 1905 3 12 30 60 85 525 1000 -
The COINage PrICe guIde

1883 15 25 40 65 95 150 675 4500 1906 3 12 30 60 85 650 3750 -

1883 (3 over 2) 200 350 800 1250 1500 2000 10250 22500 1907 3 12 30 60 85 775 2000 -
1908 3 12 30 60 85 1000 3500 9500
1909 3 12 30 75 100 950 2500 -
1910 3 12 30 60 85 675 3750 15000
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

1866-1883 sHIeLd nICkeLs ProoFs

PR60 PR61 PR62 PR63 PR64 PR65 PR66 PR67
1866 1250 1500 1750 2000 2250 3000 5000 18000
1867 (with rays) 18000 20000 25000 35000 42750 62500 75000 -
1867 (without rays) 225 275 325 500 1250 2250 4500 -
1868 250 275 300 375 600 1250 2250 4250
1869 225 275 300 375 550 950 1500 3750
1870 225 275 300 375 525 1000 2500 -
1913-1938 IndIan Head buFFaLo nICkeLs
1871 225 275 300 400 550 1000 1500 6250 VG10 VF20 XF40 AU50 AU55 MS60 MS65 MS67

1872 225 250 300 375 500 700 1250 5000 1913 (five cents in recess) 10 15 20 25 30 35 350 5000

1873 (closed 3) 225 250 300 350 500 700 1250 6500 1913-D (five cents in recess) 20 30 40 55 65 75 300 2750

1873 (open 3) 225 250 300 350 525 825 1250 5000 1913-S (five cents in recess) 425 500 600 700 750 900 4500 25000

1874 225 250 300 350 525 825 1250 5000 1914 20 25 35 40 45 55 525 7250

1875 225 275 325 400 625 1250 2750 - 1914/3 300 500 700 1250 2000 3000 - -

1876 225 250 300 350 525 825 1250 6500 1914-D 150 200 250 300 400 500 1500 -

1877 3000 3250 3500 3750 4250 5250 6250 12000 1914-S 40 60 80 125 150 200 2000 -

1878 1500 1600 1700 1800 1900 2000 2250 3000 1915-D 35 50 100 150 200 250 1800 -

1879 325 350 375 450 600 800 1250 2750 1915-S 80 200 375 525 575 675 3500 40000

1880 300 325 425 475 550 700 950 2000 1916 6 8 12 20 35 50 325 -

1881 250 275 325 375 475 675 925 1750 1916 (double die obverse) 7000 12500 25000 30000 40000 85000 - -

1882 200 250 300 350 450 675 925 1750 1916-D 30 30 90 100 125 175 2000 -
1916-S 20 40 75 125 150 200 2000 22000
1883 200 250 300 350 450 675 925 1750
1917 8 10 15 25 50 80 500 -
1917-D 40 60 100 200 300 400 2500 -
1917-S 40 100 125 250 400 500 5000 -
1918 7 12 25 40 60 100 1200 -
1918-D 45 125 225 325 400 500 4250 45000
1918/7-D 2000 5000 9000 12000 22000 35000 265000 -
1918-S 30 80 150 250 400 500 - -
1919 5 8 15 25 50 75 500 -
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 -
1883 (with cents) 35 55 80 125 175 675 1500 15000 1920 2.50 6 15 25 35 65 800 10000
1884 35 60 100 125 200 1750 3500 14000 1920-D 25 100 275 400 450 600 6250 -
1885 750 1000 1500 1750 2500 12000 20000 95000 1920-S 20 100 225 300 450 600 - -
1886 425 550 700 850 1250 7250 28000 - 1921 8 20 40 80 100 125 800 -
1887 25 40 75 100 150 1000 3500 - 1921-S 100 300 700 1250 1500 1800 7500 -
1888 50 100 175 225 300 1250 7250 - 1923 2.50 8 15 35 45 60 625 7750
1889 25 50 80 125 150 850 3500 9500 1923-S 15 100 275 325 425 625 10250 -
1890 20 40 75 100 175 1250 3750 - 1924 2.50 10 25 40 50 75 750 16000
1891 15 40 75 100 150 1250 2500 - 1924-D 20 100 225 325 400 525 5000 -
1892 15 40 75 100 150 1000 3500 - 1924-S 50 400 1250 1750 2000 2500 12000 70000
1893 15 40 75 100 150 1000 3500 12500 1925 2.50 8 20 25 35 45 400 10000
1894 40 150 225 300 375 1500 2500 9500 1925-D 30 100 150 250 300 400 5000 -
1895 15 40 75 125 150 2250 5500 - 1925-S 12 80 150 250 300 400 - -
1896 25 60 100 150 200 2000 9750 - 1926 2.50 5 12 20 25 35 225 3250
1897 6 25 50 65 100 875 3250 15000 1926-D 20 100 200 250 300 400 4500 -
1898 6 25 50 70 125 800 2250 - 1926-S 60 400 875 2500 3500 5000 100000 -
1899 4 20 30 60 90 575 1500 12500 1927 2.50 5 12 20 25 35 275 6000

34 coinagemag.com
 January 2019
1913-1938 IndIan Head buFFaLo nICkeLs 1892-1916 barber dImes
VG10 VF20 XF40 AU50 AU55 MS60 MS65 MS67 G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1927-D 5 20 60 120 130 150 7000 - 1901 4 7 10 12 30 60 125 700
1927-S 5 35 100 200 325 625 20000 - 1901-O 4 12 20 30 75 200 500 4250
1928 2.50 5 15 20 25 35 325 7750 1901-S 75 300 400 500 600 700 1000 4800
1928-D 2.50 12 45 50 55 60 725 18000 1902 4 7 8 10 25 60 125 600
1928-S 2.50 12 30 100 175 225 3750 25000 1902-O 4 12 25 40 75 150 400 4500
1929 2.50 5 12 20 25 35 325 28000 1902-S 8 45 80 125 150 200 400 3500
The COINage PrICe guIde

1929-D 2.50 5 35 45 50 65 1250 30000 1903 4 7 8 10 30 60 125 1000

1929-S 5 12 35 45 55 65 325 - 1903-O 4 12 20 25 60 100 250 4500
1930 2.50 5 10 20 25 30 225 - 1903-S 80 300 400 500 700 800 1250 2800
1930-S 2.50 5 12 30 45 60 425 - 1904 4 7 8 10 30 60 125 1300
1931-S 18 20 35 50 60 65 325 32000 1904-S 40 150 225 250 350 500 750 4500
1934 2.50 5 12 18 25 45 300 4250 1905 4 7 8 10 30 60 125 700
1934-D 2.50 10 20 25 50 60 225 4250 1905-O (large O) 4 30 50 60 100 150 300 1500
1935 2.50 5 8 10 12 20 125 1750 1905-O (small o) 40 60 125 175 250 400 1800 12000
1935 (double die reverse) 90 200 800 1500 2500 5000 - - 1905-S 4 8 15 20 50 100 200 1000
1935-D 2.50 10 20 40 50 65 400 6000 1906 4 5 6 8 25 60 100 650
1935-S 2.50 5 8 18 20 45 200 3750 1906-D 4 7 10 15 40 80 150 1500
1936 2.50 5 8 10 15 18 75 800 1906-O 4 35 60 80 100 125 200 1200
1936-D 2.50 5 6 12 18 25 125 - 1906-S 4 12 20 25 50 100 250 1250
1936-D (3 1/2 legs) 1600 4000 6500 - - - - - 1907 4 5 6 8 25 60 100 625
1936-S 2.50 5 8 12 18 35 100 1500 1907-D 4 8 10 12 50 100 300 2250
1937 2.50 5 8 10 12 18 60 450 1907-O 4 20 40 50 70 100 200 1250
1937-D 2.50 5 8 12 18 25 60 725 1907-S 4 12 20 30 70 150 400 2200
1937-D (3 legs) 700 900 1000 1250 1500 2250 38000 130000 1908 4 5 6 8 25 60 100 650
1937-S 2 3 8 12 18 30 65 1000 1908-D 4 5 6 10 30 60 125 900
1938-D 4 5 6 8 12 20 55 175 1908-O 4 35 60 75 100 150 300 1500
1938-D (D over D) 6 10 12 18 20 30 90 800 1908-S 4 8 15 25 50 150 300 1800
1938-D (D over S) 6 10 20 30 35 55 150 875 1909 4 5 6 8 25 60 100 600
1909-D 8 45 80 125 150 250 500 2500
1909-O 4 10 20 25 50 100 200 1600
1909-S 8 75 125 150 200 300 500 2500
1910 4 5 6 10 25 60 100 600
1910-D 4 8 12 25 50 100 200 1500
1910-S 4 35 60 75 125 225 400 2300
1911 4 5 6 8 25 60 100 850
1911-D 4 5 6 8 30 60 100 850
1892-1916 barber dImes
1911-S 4 8 12 20 40 100 200 1000
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1912 4 5 6 8 25 60 100 650
1892 8 12 20 25 30 60 120 600
1912-D 4 5 6 8 25 60 100 725
1892-O 12 30 50 60 80 100 150 1250
1912-S 4 5 10 15 40 100 150 850
1892-S 80 175 200 225 275 300 400 4000
1913 4 5 6 8 25 60 100 650
1893 8 15 25 30 50 75 175 1000
1913-S 30 80 150 200 250 300 450 1400
1893/2 125 175 225 250 300 400 800 5500
1914 4 5 6 8 25 60 100 650
1893-O 30 100 140 150 200 250 300 2500
1914-D 4 5 6 8 25 60 100 650
1893-S 15 30 50 75 100 150 300 3000
1914-S 4 8 12 20 40 80 150 1200
1894 30 100 125 150 200 250 300 1200
1915 4 5 6 8 25 60 100 650
1894-O 80 200 250 300 450 550 1600 -
1915-S 8 30 45 50 75 150 250 1500
1895 80 300 400 450 500 600 700 2250
1916 4 5 6 8 25 60 100 650
1895-O 425 800 1300 1500 2800 4000 5500 23000
1916-S 4 5 6 8 25 60 100 650
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
1898-O 12 80 125 150 250 300 500 3250 1892-1915 barber dImes ProoFs
1898-S 8 30 45 50 80 150 400 3500 PR61 PR62 PR63 PR64 PR65 PR66 PR67 PR68
1899 4 7 12 15 25 60 125 600 1892 400 450 650 975 1500 2250 4500 -
1899-O 10 50 100 125 175 250 400 4250 1893 450 650 975 1500 2250 4500 10500 -
1899-S 8 20 35 40 50 100 300 2750 1894 400 450 625 950 1500 2250 4250 10750
1900 4 7 10 12 25 60 125 650 1894-S 365000 500000 1200000 1850000 2350000 2900000 - -
1900-O 20 90 150 175 250 400 600 5000 1895 400 475 675 975 1750 2000 4500 12000
1900-S 4 8 15 20 30 75 150 1650 1896 400 450 650 950 1750 2000 4500 -

36 coinagemag.com
 January 2019
1892-1915 barber dImes ProoFs 1916-1945 merCury dImes
PR61 PR62 PR63 PR64 PR65 PR66 PR67 PR68 G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
1897 400 450 650 950 1500 2000 4250 12000 1928-S (large S) 4 6 12 40 80 250 400 800
1898 400 450 625 950 1500 2000 4250 12000 1928-S (small S) 3 4 6 20 40 150 300 500

1899 400 450 625 950 1500 2000 4500 12000 1929 3 4 6 8 10 20 30 60

1900 400 450 625 950 1500 2000 4250 10750 1929-D 3 4 8 12 20 30 35 80

1901 400 450 625 950 1500 2000 4500 - 1929-S 3 4 6 8 20 30 45 125

1902 400 450 625 950 1500 2000 5000 15000 1930 3 4 6 8 15 30 45 125
The COINage PrICe guIde

1903 400 450 625 950 1500 2000 4750 14000 1930-S 3 4 6 20 50 80 125 200

1904 400 450 625 950 1500 2000 4500 10750 1931 3 4 6 15 25 40 70 130

1905 400 450 625 950 1500 2000 4250 10500 1931-D 8 12 20 50 60 90 110 275

1906 400 450 625 950 1500 2250 4250 12000 1931-S 3 4 12 25 50 100 125 275

1907 400 450 625 950 1500 2250 4500 12000 1934 2 2.50 4 6 10 30 40 60

1908 400 450 625 950 1500 2000 4500 12000 1934-D 2 2.50 4 15 30 40 50 80

1909 400 450 625 975 1500 2000 4500 12000 1935 2 2.50 4 5 8 10 20 35
1935-D 2 2.50 4 15 25 40 50 80
1910 400 450 625 950 1500 2000 4500 12500
1935-S 2 2.50 4 6 15 25 30 40
1911 400 450 625 950 1500 2000 4500 12500
1936 2 2.50 4 5 6 10 15 30
1912 400 450 625 950 1500 2000 5000 12000
1936-D 2 2.50 4 8 15 30 35 50
1913 400 450 625 950 1500 2000 4750 10750
1936-S 2 2.50 4 6 15 25 30 40
1914 400 450 625 975 1500 2000 5250 14000
1937 2 2.50 4 5 6 8 15 25
1915 400 450 625 975 1750 2500 5500 -
1937-D 2 2.50 4 5 12 25 30 45
1937-S 2 2.50 4 5 12 25 30 40
1938 2 2.50 4 5 8 12 15 30
1938-D 2 2.50 4 5 12 15 20 30
1938-S 2 2.50 4 5 12 20 25 35
1939 2 2.50 4 5 6 10 15 30
1939-D 2 2.50 4 5 6 8 12 20
1939-S 2 2.50 4 5 15 25 30 45
1916-1945 merCury dImes
1940 2 2.50 4 5 6 8 10 25
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
1940-D 2 2.50 4 5 6 8 12 30
1916 3 4 8 12 25 30 45 100 1940-S 2 2.50 4 5 6 8 12 30
1916-D 1000 2250 4500 6000 9000 - - - 1941 2 2.50 4 5 6 8 12 25
1916-S 3 8 15 25 30 50 60 200 1941-D 2 2.50 4 4.50 5 6 12 25
1917 3 4 6 8 15 50 60 150 1941-S (large S) 4 6 15 25 30 110 - -
1917-D 3 10 30 60 80 250 300 1000 1941-S (small S) 2 2.50 4 4.50 5 6 12 25
1917-S 3 4 8 15 30 150 175 425 1942/1 500 600 650 800 1250 3000 4500 -
1918 3 4 12 40 50 80 100 425 1942 2 2.50 4 4.50 5 6 12 25
1918-D 3 5 12 30 50 200 250 700 1942/1-D 500 600 650 800 1250 3000 5000 9000
1918-S 3 4 12 25 40 200 250 750 1942-D 2 2.50 4 4.50 5 8 12 25
1919 3 4 6 12 25 150 175 350 1942-S 2 2.50 4 4.50 5 8 15 25
1919-D 3 12 30 50 80 350 425 1400 1943 2 2.50 4 4.50 5 8 12 25
1919-S 3 10 20 40 80 400 450 1250 1943-D 2 2.50 4 4.50 5 8 12 25
1920 3 4 6 8 15 60 70 250 1943-S 2 2.50 4 4.50 5 8 12 25
1920-D 3 4 10 25 50 300 325 600 1944 2 2.50 4 4.50 5 8 12 25
1920-S 3 5 10 20 40 250 300 1400 1944-D 2 2.50 4 4.50 5 8 12 20
1921 60 100 250 550 900 1200 1700 3500 1944-S 2 2.50 4 4.50 5 8 12 25
1921-D 80 150 400 600 1000 1500 2100 3200 1945 2 2.50 4 4.50 5 8 12 20
1923 3 4 6 8 15 30 40 100 1945-D 2 2.50 4 4.50 5 8 12 20

1923-S 3 6 20 80 100 175 350 1200 1945-S (large S) 2 2.50 4 4.50 5 8 12 20

1924 3 4 6 15 30 40 75 180 1945-S (small S) 3 4 8 12 20 30 40 100

1924-D 3 8 25 60 100 175 425 900

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 1936-1942 merCury dImes ProoFs
1927 3 4 6 8 12 30 50 150 PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1927-D 3 6 25 80 100 175 400 1400 1936 - 500 600 750 1000 1500 2000 25000
1927-S 3 4 12 30 50 300 500 1600 1937 - 200 300 350 400 500 750 1750
1928 3 4 6 8 15 30 40 125 1938 100 150 200 225 250 300 400 2000
1928-D 3 10 25 75 100 175 325 900 1939 - - 150 175 200 250 400 1250

38 coinagemag.com
 January 2019
1936-1942 merCury dImes ProoFs 1838-1891 seated LIberty Quarters
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68 G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1940 - - - - 150 200 400 2500 1860-O 30 45 60 70 125 375 950 13000

1941 - 100 125 150 175 200 250 3000 1860-S 450 1500 3000 4000 15000 25000 45000 -

1942 - - 100 125 150 200 250 1250 1861 25 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 -

The COINage PrICe guIde

1863 45 60 100 150 250 375 650 4750
1864 80 125 200 225 350 450 775 5000
1864-S 450 850 1750 2250 3500 4750 12500 -
1865 75 125 200 225 350 450 850 6750
1865-S 100 200 300 400 800 1250 2750 12000
1838-1891 seated LIberty Quarters
1866 450 700 1000 1100 1500 1700 2250 6750
G04 VG10 F15 VF20 XF40 AU50 MS60 MS65
1866-S 300 600 1200 1400 1750 2500 3750 17500
1838 30 45 75 100 375 650 1250 36500
1867 275 450 675 850 1300 1500 1900 -
1839 30 45 75 100 375 650 1250 38000
1867-S 250 650 1000 1250 3000 7000 14000 -
1840-O (without drapery) 40 60 100 125 425 700 1250 48500
1868 150 250 325 375 500 550 900 7250
1840 (with drapery) 30 40 75 100 225 350 800 14500
1868-S 100 250 375 450 775 1500 3250 15000
1840-O (with drapery) 35 80 150 200 350 525 1100 17500 1869 300 500 625 700 925 1000 1750 7500
1841 55 75 150 175 275 400 950 11000 1869-S 100 250 400 475 850 1500 2750 15500
1841-O 30 40 75 85 200 325 750 10000 1870 55 100 175 200 300 400 850 6500
1842-O (large date) 80 100 275 300 400 750 1750 14500 1870-CC 8500 16500 20000 25000 40000 55000 75000 -
1843 500 1500 2250 2750 4500 9000 25000 - 1871 30 50 80 125 225 350 725 7500
1843-O 30 35 40 45 75 200 400 6750 1871-CC 3250 8750 12000 15500 26500 40000 66500 -
1844 30 50 100 150 400 825 2250 - 1871-S 400 675 1000 1100 1500 2750 4450 11500
1844-O 30 35 40 45 100 225 450 8250 1872 30 65 80 90 175 300 600 7350
1845 30 45 75 100 200 375 1250 8000 1872-CC 1250 2500 4500 6000 13000 20000 44500 -
1846 30 35 40 45 100 200 500 6250 1872-S 850 1750 2750 3250 5000 6750 8750 52500
1847 30 35 45 50 200 275 525 10000 1873 (closed 3) 250 500 675 800 1750 2750 7500 -
1847-O 30 35 40 45 80 200 500 6750 1873 (open 3) 35 50 125 135 175 250 450 5750

1848 35 80 150 200 500 1750 3750 - 1873 (with arrows) 25 30 40 60 200 425 725 4000

1849 40 75 150 175 275 475 1000 - 1873-CC (with arrows) 3000 8000 13000 16500 26500 47500 93500 -

1849-O 30 35 50 75 150 300 700 13500 1873-S 30 60 125 175 325 525 1500 20000

1850 550 1000 1750 2250 4000 5750 10000 - 1874 30 35 40 60 200 400 725 3500

1850-O 30 50 100 125 200 350 850 10500 1874-S 30 45 75 100 300 500 900 3500

1851 30 75 125 150 250 600 1500 15000 1875 25 30 35 40 60 150 250 1750

1851-O 35 100 150 200 275 400 1000 8000 1875-CC 100 225 350 450 825 1250 4000 30000
1875-S 40 60 75 80 175 250 600 3250
1852 200 450 750 1000 1750 3000 5750 -
1876 25 30 35 40 60 150 250 1750
1852-O 40 70 100 175 275 400 750 6250
1876-CC 50 75 100 120 150 300 550 5500
1853 (recut date) 200 400 1000 1250 2750 4250 12500 -
1876-S 25 30 35 40 60 150 250 2250
1853 350 750 1100 1250 1750 2500 3750 11000
1877 25 30 35 40 60 150 250 1750
1853/4 30 35 40 50 150 325 900 17000
1877-CC 50 70 90 100 150 250 450 2500
1853-O 40 80 150 200 400 1000 2000 45000
1877-S 25 30 35 40 60 150 250 1750
1854 30 50 75 85 300 1250 3000 25000
1877-S (S over horizontal S) 25 60 100 150 250 350 700 4250
1854-O 25 30 35 40 75 250 475 9000
1878 25 30 35 40 60 150 275 2750
1854-O (large O) 30 35 50 60 125 275 900 10000
1878-CC 60 90 120 140 150 250 550 3500
1855 800 2000 3500 4250 7500 11500 - -
1878-S 150 300 400 450 800 1000 2000 -
1855-O 30 35 40 45 75 250 475 9000
1879 175 250 300 325 375 450 575 1750
1855-S 40 75 200 250 475 1250 3000 -
1880 150 250 300 325 375 450 575 2000
1856 45 80 175 225 550 1250 2500 30000
1881 200 250 300 325 400 450 550 2250
1856-O 30 35 40 45 80 175 275 4000
1882 225 270 300 325 400 450 600 2250
1856-S 25 30 50 60 100 300 925 9000
1883 225 270 300 325 400 450 600 2500
1856-S/S 60 250 300 350 1500 2250 5000 -
1884 225 350 500 525 550 600 725 2250
1857 150 350 1000 1250 2500 3500 - - 1885 150 225 275 300 400 475 600 2750
1857-O 30 35 40 45 75 200 300 4000 1886 325 500 600 650 675 750 925 3250
1857-S 30 35 40 45 125 400 1000 - 1887 225 350 425 450 500 550 700 2500
1858 100 200 325 400 700 1250 3000 - 1888 200 300 375 425 475 525 650 2000
1858-O 25 30 40 45 75 150 300 4000 1888-S 25 30 35 40 60 150 400 4000
1858-S 30 35 50 60 150 400 1500 25000 1889 200 300 325 350 425 475 600 1750
1859 75 200 600 800 2750 3750 13500 - 1890 60 75 125 150 200 300 450 1750
1859-O 30 35 40 45 80 200 575 7250 1891 25 30 35 40 60 150 250 1750
1859-S 150 300 600 900 3250 9750 40000 - 1891-O 175 450 650 750 1000 1250 4750 26500
1860 30 35 45 50 85 200 450 4500 1891-S 30 35 40 45 75 150 300 2250

39
 January 2019
1892-1916 barber Quarters
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65

1895-S 20 60 150 200 275 425 1000 3500

1896 12 20 50 100 150 250 500 1250
1896-O 65 150 375 650 950 1200 1850 7000
1896-S 850 2250 4000 5500 7500 10500 17500 50000
1858-1891 seated LIberty Quarters ProoFs 1897 12 15 35 75 125 225 475 1500
PR61 PR62 PR63 PR64 PR65 PR66 PR67 PR68
The COINage PrICe guIde

1897-O 45 125 400 450 625 850 1850 3500

1858 1250 1500 1750 3000 8000 25000 58000 - 1897-S 125 250 475 650 950 1425 2000 6500
1859 775 1000 1500 2500 5000 9500 25000 - 1898 12 15 35 75 125 200 475 1500
1860 725 975 1500 2500 5000 9250 28000 55000 1898-O 15 60 150 300 450 650 1675 9000
1861 700 975 1500 2500 5000 9500 28000 -
1898-S 12 30 75 100 225 425 1550 7000
1862 700 950 1500 2500 5000 9500 28000 -
1899 12 15 35 75 125 200 475 1250
1863 700 925 1500 2500 5000 9500 28000 -
1899-O 15 30 75 150 300 425 775 3000
1864 725 950 1500 2500 5000 9500 22000 48000
1899-S 25 65 100 150 275 425 1550 4000
1865 700 950 1500 2500 5000 10000 25000 40000
1900 12 18 40 75 150 275 475 1250
1866 500 700 1000 1500 2750 4250 7750 -
1900-O 15 50 125 175 350 575 875 3750
1867 525 700 1000 1500 2500 4000 7000 -
1900-S 12 20 50 80 150 400 1100 5000
1868 500 700 1000 1500 3250 15500 - -
1901 30 45 75 90 125 200 475 1500
1869 525 700 1000 1500 3000 4750 8250 -
1901-O 75 175 400 650 875 1000 2000 5500
1870 500 675 1000 1500 3000 4500 7250 -
1901-S 5500 15000 28000 32250 40250 43500 50500 75000
1871 475 675 1000 1500 2750 3750 7500 -
1902 7 15 30 75 125 200 475 1225
1872 475 675 1000 1500 2750 3750 7500 25000
1902-O 10 25 85 150 225 475 1300 4150
1873 (closed 3) 475 675 1000 1500 2750 3750 7000 25000
1873 (with arrows) 825 1000 1750 3500 8000 12000 35000 50000 1902-S 15 35 90 175 250 525 975 3525

1874 850 1000 1750 3500 8000 12000 28000 55000 1903 8 15 35 75 125 200 475 2150

1875 450 650 1000 1250 2250 3750 7000 15000 1903-O 10 25 60 150 250 425 1150 4850

1876 475 625 1000 1250 2250 3750 6750 - 1903-S 15 35 90 150 275 450 850 2400

1877 475 650 1000 1250 2250 3500 6500 - 1904 8 15 30 75 125 200 475 1225

1878 475 625 1000 1250 2250 3500 6750 - 1904-O 30 50 150 225 450 825 1300 2625

1879 475 625 1000 1250 2250 3500 7500 - 1905 30 45 65 95 125 200 475 1425
1880 475 625 1000 1250 2250 3250 6000 18000 1905-O 45 100 250 275 375 475 1300 7100
1881 475 625 1000 1250 2250 3250 6000 18000 1905-S 35 65 105 125 200 350 1000 3650
1882 475 650 1000 1250 2250 3250 6000 18000 1906 8 15 35 75 125 200 475 1150
1883 475 625 1000 1250 2250 3250 6000 18000 1906-D 8 15 40 75 150 225 475 1650
1884 475 625 1000 1250 2250 3250 6000 18000 1906-O 10 25 60 100 200 325 550 1225
1885 475 625 1000 1250 2250 3250 5750 15000 1907 7 12 35 75 125 200 475 1225
1886 475 625 1000 1250 2250 3250 6000 18000 1907-D 8 15 50 100 175 250 750 2625
1887 475 625 1000 1250 2250 3250 5750 18000
1907-O 10 18 40 75 125 200 475 2025
1888 475 625 1000 1250 2250 3250 6000 18000
1907-S 12 25 70 125 275 475 1000 5275
1889 475 625 1000 1250 2250 3250 5750 18000
1908 8 15 30 75 125 200 450 1225
1890 475 625 1000 1250 2250 3250 5750 18000
1908-D 7 12 35 75 125 250 475 1225
1891 475 625 1000 1250 2250 3250 5750 18000
1908-O 8 15 40 75 125 200 475 1225
1908-S 25 75 150 300 500 750 1300 4425
1909 8 15 30 75 125 200 475 1125
1909-D 8 15 40 80 150 200 475 1225
1909-O 50 250 525 700 1000 1500 2325 8500
1909-S 7 12 50 100 200 300 675 2200
1910 7 20 35 75 125 200 450 1225
1910-D 8 25 70 125 250 350 925 1800
1892-1916 barber Quarters
1911 7 15 35 75 125 200 475 1225
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
1911-D 30 100 325 500 700 950 1200 6000
1892 12 15 45 75 125 200 475 1250
1911-S 12 30 100 175 275 400 725 1500
1892-O 15 35 65 100 175 325 475 1500
1912 7 15 35 50 125 220 475 1250
1892-S 40 75 150 200 325 450 925 4500
1912-S 18 40 85 125 225 400 1000 1750
1893 10 15 40 75 125 225 475 1500
1913 25 50 200 375 525 925 1125 4500
1893-O 12 20 60 125 175 275 475 2000
1913-D 12 20 55 100 200 275 475 1250
1893-S 20 50 125 200 350 450 1000 7000
1894 12 20 50 100 150 250 475 1250 1913-S 1800 4000 8500 11250 14000 15000 20000 31500

1894-O 12 35 75 150 225 350 675 2000 1914 8 15 30 75 125 200 475 1250

1894-S 12 20 75 125 200 325 750 2500 1914-D 8 15 30 75 125 200 475 1100

1895 12 20 40 80 125 225 475 1800 1914-S 125 350 650 950 1100 1425 1500 3500

1895-O 12 35 80 150 225 425 950 2500 1915 8 15 35 75 125 200 475 1250

40 coinagemag.com
 January 2019
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

1915-D 8 15 35 75 125 200 475 1250 1919-S 75 100 275 500 575 725 1500 4000

1915-S 30 55 100 100 200 300 500 1250 1920 15 25 40 50 90 150 300 600

1916 8 15 30 75 125 200 475 1250 1920-D 50 70 125 175 225 350 800 2000
1920-S 15 30 35 60 150 250 700 2300
1916-D 8 15 30 75 125 200 475 1250
1921 175 300 675 850 1150 1725 2200 3500
1923 15 20 40 50 100 150 275 600

The COINage PrICe guIde

1923-S 250 400 1000 1600 2100 2750 3000 4600
1924 15 25 35 50 100 200 275 650
1924-D 50 70 125 200 250 300 375 650
1924-S 25 35 60 125 225 300 1150 2000
1925 7 8 20 45 80 150 300 600
1926 8 8 12 40 80 150 275 600
1892-1915 barber Quarters ProoFs
1926-D 7 10 50 100 125 175 250 500
PR61 PR63 PR64 PR65 PR66 PR67 PR68 PR69
1926-S 7 10 20 100 225 350 900 2000
1892 475 875 1250 2000 3000 5000 14000 40000
1927 7 9 12 40 80 125 250 500
1893 475 875 1250 2000 3000 5000 15000 35000
1927-D 12 20 80 150 200 275 350 600
1894 475 875 1250 2000 3000 5750 15000 40000
1927-S 30 80 325 975 2750 4500 7000 11250
1895 465 925 1250 2000 3000 5500 15000 -
1928 7 10 12 30 80 150 250 500
1896 475 925 1250 2000 3250 5500 14000 32000
1928-D 7 10 12 30 80 150 250 525
1897 475 875 1250 2000 3000 5250 14000 - 1928-S 7 10 12 30 80 150 250 500
1898 475 900 1250 2000 3000 5250 12000 32000 1929 7 10 12 30 80 150 250 500
1899 475 875 1250 2000 3000 5000 12000 - 1929-D 7 10 12 30 80 150 250 500
1900 475 875 1250 2000 3000 5250 15000 - 1929-S 7 10 12 30 80 150 250 500
1901 475 875 1250 2000 3000 5500 12000 - 1930 7 10 12 30 80 150 250 500
1902 475 875 1250 2000 3000 5500 14000 - 1930-S 7 8 12 35 80 150 250 500
1903 475 875 1250 2000 3000 5000 12000 -

1904 475 875 1250 2000 3000 5000 12000 40000

1905 475 875 1250 2000 3000 5000 15000 -

1906 475 875 1250 2000 3000 5000 14000 -

1907 475 875 1250 2000 3000 5000 14000 -

1908 475 875 1250 2000 3000 5000 14000 30000

1909 475 875 1250 2000 3000 5250 14000 -

1839-1891 seated LIberty HaLF doLLars
1910 475 875 1250 2000 3000 5000 14000 -

1911 475 875 1250 2000 3000 5000 14000 - G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1839 40 65 175 300 450 1250 18500 -
1912 475 875 1250 2000 3000 5250 15000 60000
1840 (small letters) 45 75 150 300 375 900 10000 -
1913 475 875 1250 2250 3000 5750 14000 30000
1840 (medium letters) 200 350 650 1400 1750 4500 25000 -
1914 475 900 1250 2500 3000 5500 14000 -
1840-O 50 60 150 325 450 900 - -
1915 475 900 1250 2500 5000 10000 20000 -
1841 50 75 200 350 450 1500 18000 -
1841-O 40 65 150 325 450 1250 28000 -
1842 (medium date) 30 55 100 150 300 800 8000 -
1842-O (small date) 800 1250 2500 4750 7500 18000 - -
1842-O (medium date) 30 50 75 225 375 1250 25000 40000
1843 30 50 65 175 250 650 15000 45000
1843-O 30 50 75 225 350 825 22000 -
1844 30 50 75 175 275 650 5000 -
1916-1930 standIng LIberty Quarters
1844-O 30 60 100 250 300 950 - -
G04 VG10 VF20 XF40 AU50 MS60 MS63 MS65
1844-O (double date) 500 1000 1750 3500 8000 - - -
1916 3000 6500 9500 10000 11750 14000 20250 27250
1845 40 75 175 300 475 1000 - -
1917 (no stars below eagle) 30 60 100 125 200 250 300 800
1845-O 40 55 125 275 375 825 9750 -
1917-D (no stars below eagle) 30 80 125 200 250 325 400 1200
1845-O (missing drapery) 50 90 200 600 800 - - -
1917-S (no stars below eagle) 30 80 150 250 300 375 450 1400 1846 (medium date) 30 55 85 200 300 700 12500 -
1917 (stars below eagle) 30 45 70 100 150 200 325 700 1846 (large date) 40 60 150 400 500 800 - -
1917-D (stars below eagle) 35 50 125 175 225 275 450 1500 1846-O (medium date) 30 50 80 200 300 1250 - -
1917-S (stars below eagle) 35 45 125 175 200 375 450 1300 1846-O (large date) 250 450 900 2000 2750 8500 - -
1918 20 25 30 40 80 125 250 800 1846 (over horizontal 6) 150 275 500 800 1500 6000 - -
1918-D 30 45 80 150 200 300 450 1700 1847 30 50 75 175 250 700 8500 30000
1918-S 20 25 30 60 100 275 300 1250 1847-O 30 50 80 250 350 850 18000 -

1919 35 45 75 85 125 175 300 650 1847/6 2500 4000 8000 12000 - - - -

1919-D 75 100 425 650 800 1000 1700 3400 1848 50 80 200 350 525 1000 9000 -

41
 January 2019
1839-1891 seated LIberty HaLF doLLars 1839-1891 seated LIberty HaLF doLLars
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67 G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1848-O 35 60 100 300 375 975 15000 - 1873 (closed 3) 40 65 125 225 325 775 7500 -
1849 40 60 100 225 475 925 - - 1873 (open 3) 3250 4500 6750 9500 12500 28000 - -
1849-O 40 60 100 275 475 1000 22500 - 1873-CC 400 625 1750 3000 5000 12000 78000 125000
1850 225 375 700 850 1000 2000 25000 - 1873 (with arrows) 40 65 125 275 450 975 18000 -
1850-O 30 55 100 200 300 800 14000 - 1873-CC (with arrows) 350 450 1250 2500 3750 8500 55000 -
1851 350 500 1000 1500 1750 3250 14000 -
The COINage PrICe guIde

1873-S (with arrows) 75 150 275 575 950 2750 52500 -

1851-O 40 75 200 300 400 1000 15000 -
1874 40 75 125 275 450 975 18000 70000
1852 500 750 1000 1250 1500 2500 9500 32000
1874-CC 1250 2000 3250 5500 7750 17250 95000 -
1852-O 75 200 675 1000 1750 3750 30000 -
1874-S 50 75 250 475 775 2000 25000 -
1853 40 55 125 300 575 1500 25000 95000
1875 30 50 75 125 200 450 4750 18000
1853-O 50 75 175 400 825 3000 50000 -
1875-CC 65 125 250 400 600 1750 10000 -
1854 40 60 80 175 325 675 8750 55000
1875-S 30 50 75 150 225 425 4500 25000
1854-O 40 60 100 200 350 725 9250 55000
1876 30 50 75 125 200 450 4500 16500
1855 40 55 85 200 350 700 12000 -
1876-CC 70 125 225 325 525 1250 7000 32000
1855/4 80 150 300 500 600 2000 - -
1876-S 30 50 75 150 225 475 4500 -
1855-O 40 55 90 175 350 700 8750 50000
1877 30 50 75 125 200 425 4500 15000
1855-S 500 700 2250 4500 7250 25000 65000 150000
1877-CC 50 95 150 275 525 1000 6250 32000
1856 30 55 75 150 250 575 6500 -
1877-S 20 35 75 150 225 500 4500 15000
1856-O 30 55 85 175 275 575 7750 -
1878 35 55 90 150 250 525 5000 -
1856-S 65 150 525 1000 2000 5250 - -
1878-CC 1000 1750 3000 4000 6500 12000 72500 -
1857 30 55 75 150 225 525 5500 -
1878-S 35000 45000 65000 87500 92500 115000 300000 -
1857-O 40 60 100 250 325 1250 18000 -
1857-S 75 150 500 1250 2000 5500 50000 - 1879 400 475 550 725 750 950 4500 18000

1858 25 50 80 150 225 550 5750 - 1880 350 425 550 725 750 1000 4500 16500

1858-O 35 60 90 175 225 550 9500 - 1881 400 475 550 650 700 900 4500 18000

1858-S 45 75 175 375 500 1500 20000 - 1882 450 525 700 900 925 1000 4750 16500

1859 40 55 80 175 275 550 5500 30000 1883 375 525 675 800 850 1000 4500 22500

1859-O 30 55 85 150 250 550 7500 45000 1884 475 600 650 775 825 1000 4500 20000

1859-S 40 75 150 300 400 1250 16000 75000 1885 500 625 675 800 825 975 5250 20000
1860 35 55 85 175 300 675 7250 60000 1886 525 625 700 825 875 1000 4500 20000
1860-O 30 50 100 200 275 575 5750 - 1887 575 675 750 975 1000 1250 5000 18000
1860-S 40 70 125 250 375 1500 - - 1888 400 475 600 750 775 925 4250 15500
1861 25 50 75 175 250 550 5250 30000 1889 375 450 575 725 750 1000 4250 -
1861-O 35 55 100 200 325 600 6250 - 1890 375 475 550 700 800 1000 4500 22500
1861-S 40 65 125 275 400 1250 14000 - 1891 50 100 150 200 300 600 4500 40000
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 - 1858-1891 seated LIberty HaLF doLLars ProoFs
1866-S (without motto) 525 850 1500 2500 4000 8500 88000 200000
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1866 (with motto) 30 55 100 250 300 675 7000 35000
1858 1000 1250 2250 4750 8750 22000 40000 -
1866-S (with motto) 35 55 100 250 375 775 12500 -
1859 725 825 1750 4000 7250 16000 30000 -
1867 40 75 175 300 350 900 10000 32500
1860 700 800 1750 3500 7000 12500 35000 -
1867-S 35 55 100 250 325 1250 14000 -
1861 675 800 2000 3500 7000 12500 35000 -
1868 50 100 200 325 525 975 6750 -
1862 675 800 2000 3500 7000 12750 25000 -
1868-S 35 55 100 225 300 650 10500 -
1863 675 775 1750 3500 7000 15000 25000 50000
1869 30 50 75 175 275 575 8000 -
1864 675 750 2000 3500 7000 14000 - -
1869-S 35 55 100 250 400 1250 6500 25000
1865 675 750 2000 3500 7000 18000 35000 -
1870 30 55 100 200 250 650 6750 22000
1870-CC 1750 3500 7000 15000 30000 95000 - - 1866 (with motto) 650 725 1500 2250 4500 7500 14000 28000

1870-S 35 60 150 375 475 1000 20000 - 1867 650 725 1500 2250 4500 8500 14500 -

1871 30 50 75 150 225 625 5750 - 1868 650 725 1500 2250 4750 7000 14250 50000

1871-CC 475 775 1500 3500 5750 20000 - - 1869 675 750 1500 2250 4250 5750 14000 28500

1871-S 30 50 75 150 300 700 8000 - 1870 650 725 1500 2000 4750 6250 22000 -

1872 30 50 75 175 275 600 6500 - 1871 650 725 1500 2250 4500 6250 12500 30000

1872-CC 225 350 1250 2500 4750 25000 - - 1872 675 750 1500 2250 4500 7000 - -
1872-S 35 65 175 375 450 1500 25000 38000 1873 (closed 3) 650 725 1500 2250 4500 8000 15000 -

42 coinagemag.com
 January 2019
1858-1891 seated LIberty HaLF doLLars ProoFs 1892-1915 barber HaLF doLLars
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68 G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67

1873 (with arrows) 1000 1250 2750 4250 12000 32500 52500 - 1901-S 40 125 450 1000 1500 2750 18000 42000

1874 1000 1250 2500 4500 12000 28000 40000 - 1902 15 30 100 225 375 600 4000 25000

1875 575 675 1500 2000 4000 5750 14000 28000 1902-O 20 50 150 375 450 875 9500 30000

1876 575 700 1500 2000 4000 7500 15000 - 1902-S 20 50 200 425 525 975 8750 28000

1877 575 700 1500 2250 4250 9000 - - 1903 18 30 100 225 375 625 9000 -

The COINage PrICe guIde

1878 575 675 1500 2000 3750 5500 14000 35000 1903-O 20 40 175 350 425 775 8000 42000

1879 600 700 1500 2000 3750 5500 12500 38000 1903-S 20 40 150 300 450 900 5750 25000

1880 575 675 1500 2250 3750 5500 25000 - 1904 15 30 100 225 375 600 5000 -

1881 575 675 1500 2000 3750 5500 12000 - 1904-O 25 50 325 550 675 1500 14000 -

1882 575 700 1500 2250 3750 5500 12000 18000 1904-S 50 200 1250 3250 5250 12000 50000 160000

1883 575 675 1500 2000 3750 5500 12000 30000 1905 25 50 200 300 425 675 6000 20000

1884 575 675 1500 2000 3750 5500 12500 42500 1905-O 30 75 250 425 500 900 4750 25000
1905-S 20 50 175 350 400 725 8500 25000
1885 575 700 1500 2000 3750 5500 15000 32500
1906 18 30 100 225 375 550 3250 18000
1886 575 675 1500 2000 4000 5500 14000 28000
1906-D 18 30 100 225 375 575 3500 28000
1887 575 675 1500 2000 4000 5500 14500 -
1906-O 20 40 125 225 400 650 6250 30000
1888 575 675 1500 2000 3750 5500 12750 28000
1906-S 18 40 150 275 425 650 5250 20000
1889 575 700 1500 2000 3750 5500 14500 -
1907 15 25 100 225 375 525 3250 -
1890 575 675 1500 2000 4000 5500 12250 28000
1907-D 18 30 100 225 375 575 3250 20000
1891 575 675 1500 2000 3750 5500 12250 -
1907-O 18 30 100 250 375 600 3250 25000
1907-S 30 50 225 650 925 1750 12250 32000
1908 15 25 100 200 375 525 3500 18000
1908-D 18 30 100 225 375 550 3250 15000
1908-O 18 30 100 225 400 575 3250 18000
1908-S 30 50 175 425 525 1000 6000 18500
1909 15 30 100 200 375 525 3250 -

1892-1915 barber HaLF doLLars 1909-O 20 50 200 450 700 1250 5250 25000
1909-S 18 30 125 300 450 750 4250 15000
G04 VG10 VF20 XF40 AU50 MS60 MS65 MS67
1910 25 50 225 375 500 775 3750 -
1892 30 50 125 225 375 525 3250 18500
1910-S 20 40 125 250 425 825 6500 20000
1892-O 300 450 625 725 775 1250 5500 28000
1911 15 25 100 200 375 525 3250 18000
1892 (micro o) 5500 10000 14000 18000 20000 28000 100000 -
1911-D 18 30 125 225 375 575 3250 18000
1892-S 225 400 600 750 825 1250 5250 25000
1911-S 20 40 125 250 425 725 5500 22500
1893 25 50 150 275 375 575 4500 22000
1912 15 30 100 200 375 525 3500 -
1893-O 35 100 250 400 475 700 8500 -
1912-D 15 30 100 225 375 550 3250 -
1893-S 175 300 775 1000 1500 2250 22500 -
1912-S 18 30 125 300 400 725 4500 18000
1894 35 75 225 300 375 575 3750 38000
1913 75 125 500 850 1000 1500 5500 -
1894-O 25 50 225 375 475 725 6500 40000
1913-D 20 40 125 300 400 625 4500 -
1894-S 25 50 150 300 425 725 9250 35000
1913-S 35 60 150 350 475 900 4500 40000
1895 25 50 175 275 400 650 4000 25000
1914 150 325 625 950 1250 2250 9750 -
1895-O 30 75 225 350 500 800 7500 48000
1914-S 20 40 125 275 400 775 4500 -
1895-S 35 100 275 375 450 725 7750 48000
1915 100 175 400 675 900 1500 7000 -
1896 25 50 175 325 425 700 5000 30000
1915-D 18 30 100 200 375 525 3250 15000
1896-O 50 125 500 1250 1500 4000 25000 75000
1915-S 20 30 125 225 400 575 3250 18000
1896-S 125 225 475 1000 1250 2250 10000 58000

1897 25 50 125 250 400 575 3500 30000

1897-O 150 275 875 1250 1500 2500 9500 45000

1897-S 150 250 650 1000 1250 2500 8250 38000

1898 20 35 125 250 400 625 3750 58000

1898-O 40 125 500 750 900 1250 9000 50000

1898-S 30 75 175 450 475 1250 12000 -

1899 18 30 125 225 375 575 3750 32000 1892-1915 barber HaLF doLLars ProoFs
1899-O 25 50 175 325 450 750 8000 32000 PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1899-S 25 50 150 300 425 800 6250 18000 1892 600 675 1250 2000 3750 5250 8750 16000
1900 18 25 100 225 375 525 3750 28000 1893 600 675 1250 2000 3750 5250 8750 22500
1900-O 25 50 175 375 525 975 15000 - 1894 600 675 1250 2000 3750 5250 9000 23000
1900-S 20 35 125 225 375 700 8750 32500 1895 600 675 1250 2000 3750 5250 9000 20000
1901 15 30 100 225 375 600 4250 28000 1896 600 675 1250 2000 3750 5250 9500 20000
1901-O 25 50 250 525 725 1500 15000 - 1897 600 675 1250 2000 3750 5250 9500 18500

43
 January 2019
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

1898 600 675 1250 2000 3750 5250 8750 18000 1936 15 20 25 30 60 75 250 -

1899 600 675 1250 2000 3750 5250 9000 20000 1936-D 15 20 25 40 80 110 575 -

1900 600 675 1250 2000 3750 5250 9000 18000 1936-S 15 20 25 50 150 225 1250 -

1901 600 675 1250 2000 3750 5000 8750 18000 1937 15 20 25 30 50 75 250 -

1902 600 675 1250 2000 3750 5000 8750 20000 1937-D 15 20 30 80 150 275 800 -
1937-S 15 20 25 60 125 200 700 -
The COINage PrICe guIde

1903 600 675 1250 2000 3500 5000 8750 16000

1938 15 20 25 40 80 150 450 -
1904 600 675 1250 2000 3500 5000 8750 20000
1938-D 75 125 150 200 500 600 1500 -
1905 600 675 1250 2000 3500 5000 8750 20000
1939 15 20 25 30 40 75 175 -
1906 600 675 1250 2000 3500 5000 8750 20000
1939-D 15 20 25 30 40 75 175 -
1907 600 675 1250 2000 3500 5000 8750 20000
1939-S 15 20 25 50 150 200 350 -
1908 600 675 1250 2000 3500 5000 8750 16000
1940 - 15 18 20 40 50 175 -
1909 600 675 1250 2000 3500 5000 8750 16000
1940-S - 15 18 20 40 75 350 -
1910 600 675 1250 2000 3500 5000 9250 20500
1941 - 15 18 20 40 50 150 -
1911 600 675 1250 2000 3750 5000 9500 18000
1941-D - 15 18 20 40 70 150 -
1912 600 675 1250 2000 3750 5250 9500 20000
1941-S - - 15 25 80 150 900 -
1913 600 675 1250 2000 3750 5250 8750 16000
1942 - 15 18 20 35 50 150 -
1914 600 700 1250 2000 4250 6250 10000 22000 1942-D - 15 18 20 35 75 250 -
1915 500 600 1250 2250 4500 6500 10000 22000 1942-S - 15 18 20 35 75 450 -
1943 - 15 18 20 35 50 150 -
1943-D - 15 18 20 40 70 225 -
1943-S - 15 18 20 35 70 300 -
1944 - 15 18 20 35 50 150 -
1944-D - 15 18 20 35 50 150 -
1944-S - 15 18 20 35 70 450 -
1945 - 15 18 20 35 50 140 -
1916-1947 WaLkIng LIberty HaLF doLLars 1945-D - 15 18 20 35 50 140 -

VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS67 1945-S - 15 18 20 35 50 140 -

1916 75 150 250 300 400 625 2250 20000 1946 - 15 18 20 35 50 140 -

1916-D 75 150 250 300 400 750 2500 17500 1946-D - - 15 25 35 70 140 -
1946-S - 15 18 20 35 70 140 -
1916-S 175 500 700 875 1500 2500 7000 45000
1947 - 15 18 20 35 75 175 -
1917 20 25 60 90 150 225 1250 18750
1947-D - 15 18 20 35 50 150 -
1917-D (obverse mint mark) 50 175 275 400 700 1500 8250 -
1917-D (reverse mint mark) 25 125 200 350 1000 2500 15000 55000
1917-S (obverse mint mark) 75 400 600 1000 2500 5000 22500 150000
1917-S (reverse mint mark) 20 40 85 200 575 2000 14500 45000
1918 20 60 175 275 575 1250 4000 -
1918-D 25 125 300 550 1500 3250 25000 -
1918-S 20 45 100 225 600 2000 18000 -
1919 50 300 600 925 1750 3750 8500 35000
1936-1942 WaLkIng LIberty HaLF doLLars ProoFs
1919-D 50 400 1000 2000 6250 15000 150000 -
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1919-S 40 300 1000 1500 3000 9000 - -
1936 1000 1750 2500 2750 3500 5000 15000 90000
1920 20 30 100 150 400 700 4500 -
1937 425 450 650 775 950 1250 2000 18000
1920-D 35 225 400 750 2750 5250 15000 -
1938 400 425 525 650 825 1000 1500 12000
1920-S 25 125 225 500 1000 3000 17750 -
1939 350 375 475 600 750 825 1250 6750
1921 175 750 1500 2750 4000 7000 17750 -
1940 300 325 450 550 625 725 1000 4500
1921-D 200 1000 2500 4000 5500 10500 40000 -
1941 250 300 425 475 625 700 1000 6500
1921-S 125 1000 2750 7000 10000 17250 100000 - 1942 250 300 425 500 625 700 1000 5250
1923-S 25 100 500 800 1750 3500 - -
1927-S 20 50 200 400 1250 2000 8500 -
1928-S 20 80 200 400 1250 2500 9750 -
1929-D 15 40 100 200 400 700 3250 -
1929-S 15 30 100 200 500 1000 3250 -
1933-S 15 25 80 250 600 1100 3750 -
1934 15 20 25 30 60 100 525 -
1934-D 15 20 30 80 175 225 1500 - 1795-1803 draPed bust doLLars
1934-S 15 20 30 80 300 800 3600 - G04 VG10 VF20 XF40 AU50 AU55 MS63 MS65
1935 15 20 25 30 50 75 325 - 1795 2000 4000 6000 10000 15000 25000 150000 400000
1935-D 15 20 30 60 150 300 2250 - 1796 (small date, small letters) 2500 3000 6000 12000 15000 25000 - -
1935-S 15 20 30 100 250 400 2750 - 1796 (large date, small letters) 2500 3000 6000 12000 15000 25000 - -

44 coinagemag.com
 January 2019
1795-1803 draPed bust doLLars 1840-1873 seated LIberty doLLars
G04 VG10 VF20 XF40 AU50 AU55 MS63 MS65 G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
1796 (small date, large letters) 2500 3000 6000 12000 15000 25000 - - 1859-S 325 475 675 825 1750 3250 12250 27250
1797 (9x7, small letters) 1750 3000 10000 20000 35000 55000 - - 1860 225 350 450 500 625 925 2250 5000
1797 (9x7, large letters) 1750 2500 6000 12500 17500 30000 - - 1860-O 275 300 375 425 575 875 2000 3750
1797 (10x6) 1750 2500 6000 12500 17500 25000 275000 - 1861 650 925 1000 1250 1500 3750 4750 7250
1798 (13 stars, small eagle) 1750 2500 6000 15000 35000 50000 - - 1862 550 850 1000 1250 1500 4250 5250 7250

The COINage PrICe guIde

1798 (15 stars, small eagle) 2000 3000 7500 15000 35000 50000 - - 1863 725 850 1000 1250 1500 2000 3250 6750
1798 (lg eagle, knobbed 9) 1000 1250 3000 5000 8500 12500 - - 1864 375 450 550 675 1000 1750 3250 8250
1798 (lg eagle, knob 9, 10 arr) 1000 1250 3000 5000 8500 12500 - - 1865 350 425 550 625 1500 2250 3750 9500
1798 (lg eagle, point 9, arr) 1000 1250 3000 5000 8500 12500 - - 1866 225 350 450 525 825 1250 2250 5250
1798 (lg eagle, point 9, berries) 1000 1250 3000 5000 8500 12500 - - 1867 225 325 450 500 825 1250 2500 5750
1799/8 (13 stars on back) 1000 1250 3000 4500 7500 12500 - - 1868 225 350 450 525 825 1250 2250 5250
1799/8 (15 stars on back) 1000 1250 3000 4500 7500 12500 - - 1869 225 350 450 525 825 1250 2250 5250
1799 (odd date, 13 stars on back)1000 1250 3000 5000 7500 10000 - -
1870 225 300 375 425 575 1000 2000 4500
1799 (odd date, 15 stars on back)1000 1250 3000 5000 7500 10000 - -
1870-CC 675 1000 1750 2250 4000 7750 25000 40000
1799 (normal date) 1000 1250 3000 5000 7500 10000 - -
1871 250 300 375 425 575 1000 2000 4500
1800 875 1250 2500 4500 8250 12000 - -
1871-CC 2500 3750 5500 7000 15000 25000 75000 175000
1800 (wide date) 875 1250 2500 4500 8250 12000 - -
1872 250 300 350 400 575 1000 2250 4750
1800 AMERICAI (back) 875 1250 2500 4500 8250 12000 - -
1872-CC 1500 3500 4500 4750 8250 14500 27250 95000
1800 AMERICAI (back, wide date) 875 1250 2500 4500 8250 12000 - -
1872-S 375 550 775 925 2000 3250 12000 35000
1800 (12 arrows) 875 1250 2500 4500 8250 12000 - -
1873 325 375 400 425 575 1000 2250 4750
1800 (dotted date) 1000 1750 2800 4750 - - - -
1873-CC 4750 8250 15000 18000 27250 40000 112000 175000
1801 875 1250 2500 4750 8250 15000 - -
1802 (closed) 875 1250 2500 4750 7750 15000 - -
1802 (wide) 925 1500 2750 4750 9500 15000 - -
1802/1 (narrow date) 975 1500 2500 4750 8750 15000 - -
1802/1 (wide date) 975 1500 2750 5500 10750 15000 - -
1803 (large 3) 975 1500 2750 4750 8750 12000 - -
1803 (small 3) 975 1500 2750 4750 8750 12000 - -

1840-1873 seated LIberty doLLars ProoFs

PR60 PR61 PR62 PR63 PR64 PR65 PR66 PR67

1840 12000 13750 22000 30000 47500 75000 - -

1841 - - - 70000 95000 175500 - -

1842 18500 22500 30000 55000 65000 90000 - -

1843 - 25000 32500 47500 65000 - - -

1840-1873 seated LIberty doLLars 1844 - - - - 90000 150000 200000 -

1845 14000 17500 30000 37500 47500 75000 135000 200000

G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
1846 12500 15000 20000 30000 47500 150000 175000 -
1840 300 375 425 450 725 1250 4250 8750
1847 13750 18000 20000 25000 35000 65000 - -
1841 275 325 375 425 675 975 2500 5000
1848 13750 18000 22500 32000 42500 70000 115000 150000
1842 175 300 350 400 575 925 2250 5000
1849 18500 22500 25000 40000 50000 90000 125000 175000
1843 175 300 350 400 575 925 2500 5000
1850 13500 14500 20000 30000 35000 67500 80000 -
1844 175 300 350 400 775 1500 4750 9500
1851 restrike 22500 25000 28000 35000 48000 70000 140000 -
1845 275 350 400 425 775 1750 8750 17500
1852 30000 32000 38000 42500 50000 80000 - -
1846 250 325 375 425 625 1000 2500 5000
1852 restrike 28000 30000 35000 40000 55000 90000 - -
1846-O 250 325 400 425 775 1500 7000 14500
1847 250 325 375 425 575 975 2750 5000 1853 25000 32500 40000 52500 70000 130000 - -

1848 325 425 550 675 1000 1750 4500 9000 1854 12500 14000 16500 20000 25000 55000 65000 -

1849 250 325 375 425 675 1000 2500 5000 1855 10000 12000 13000 18000 25000 50000 62500 -

1850 425 625 850 1000 1750 2750 6750 13500 1856 6250 7750 9000 12750 22000 40000 - -

1850-O 300 400 550 725 1500 3250 13000 25000 1857 5000 6750 7750 12250 17500 35000 52500 -

1851 4750 8500 12500 15000 20000 27250 40000 80000 1858 10250 10500 12500 16000 25000 42500 52500 -

1852 4250 7000 10000 12500 17000 26750 40000 75000 1859 2750 3000 3500 5000 7500 20000 37250 65000

1853 300 400 525 625 1000 1500 3250 6250 1860 2500 2750 3500 4750 7000 15500 32250 65000

1854 975 2000 2500 2750 3750 5250 8750 17500 1861 2500 2750 3500 5250 7000 16500 35000 78000

1855 975 1500 2000 2250 3750 4750 7250 14500 1862 2500 2750 3250 4750 7250 16750 32500 65000

1856 375 475 600 725 1500 3250 4750 9500 1863 2250 2500 3500 5000 7000 18000 32000 62500

1857 350 475 600 725 1500 2750 4250 8750 1864 2500 3000 3750 5250 7500 18000 32750 57500

1859 275 375 475 500 725 1500 2750 7250 1865 2250 3000 3500 5000 7250 17250 27500 55000

1859-O 250 300 375 425 575 925 2250 5000 1866 2250 2500 3000 4000 6750 15000 25750 48000

45
 January 2019
1840-1873 seated LIberty doLLars ProoFs
PR60 PR61 PR62 PR63 PR64 PR65 PR66 PR67

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

1878-1921 morgan doLLars
1870 2000 2500 3000 4250 6500 15500 30000 50000
VG10 VF20 XF40 AU50 AU55 MS60 MS63 MS65
1871 2000 2500 3250 4250 6750 15000 26750 48250
The COINage PrICe guIde

1878 (8 feathers) 45 50 55 75 100 150 300 1800

1872 2250 2500 3250 4250 7000 14500 28000 50000
1878 (7 feathers) 45 50 55 60 70 80 125 125
1873 2250 2500 3250 4250 7000 15000 30000 - 1878 (7/8 feathers) 45 50 55 80 100 125 300 3000
1878-S 25 30 40 45 50 60 80 400
1878-CC 100 125 150 175 225 300 500 1750
1879 25 30 40 45 50 60 80 800
1879-O 25 30 40 50 70 100 225 4000
1879-S 25 30 40 50 55 60 100 400
1879-S (reverse of 1878) 25 30 40 80 125 200 600 6000
1879-CC 160 300 800 2250 3000 4000 8000 -
1879-CC/CC 160 300 600 2000 2500 4000 7500 -
1873-1878 trade doLLars 1880 25 30 35 40 45 55 75 800

VG10 VF20 XF40 AU50 MS60 MS63 MS65 MS67 1880-O 25 30 35 40 45 75 450 31750
1880-S 25 30 35 40 45 55 70 200
1873 150 225 325 400 1000 3000 10000 -
1880-CC (80/79, flat breast) 650 725 825 875 925 975 1500 4000
1873-CC 375 800 1000 1500 5000 25000 - -
1880-CC (8/7) 600 675 775 825 875 925 1000 2800
1873-S 150 200 250 400 1000 4000 22250 - 1881 35 - 40 - 45 55 85 800
1874 150 200 300 400 1000 2750 18000 - 1881-O - - 40 - 45 55 80 1550

1874-CC 300 525 775 900 3250 7250 42000 - 1881-S 35 - 40 - 45 55 75 200
1881-CC 385 415 435 450 475 535 685 950
1874-S 150 200 300 375 1000 2750 20000 -
1882 35 - 40 - 45 55 80 625
1875 375 475 850 1000 2500 6250 25000 70000
1882-O 35 - 40 - 45 55 80 1725
1875-CC 325 500 650 875 2500 5250 40000 - 1882-O/S 675 750 850 900 950 1000 1750 -

1875-S 150 200 300 350 1000 2500 12250 72500 1882-S 35 - 40 - 45 55 80 200
1882-CC 105 110 125 155 175 220 310 525
1875-S/CC 375 600 1000 1750 4250 20000 75000 -
1883 35 - - 40 45 50 75 275
1876 150 200 300 350 1000 2500 12000 75000
1883-O 35 - - 40 45 50 70 225
1876-CC 400 625 800 1500 7500 25000 82500 - 1883-S 35 40 55 100 130 715 2875 56000
1876-S 150 200 300 350 1000 2500 15000 - 1883-CC 105 108 125 130 155 220 265 625
1884 35 - - 40 45 50 85 375
1877 150 200 300 375 1000 2500 22250 -
1884-O - - - 40 45 50 80 200
1877-CC 400 675 1000 1250 3250 12000 85000 -
1884-S 35 40 50 300 300 9100 38000 265000
1877-S 150 200 275 375 1000 2500 14000 68000 1884-CC 150 160 165 190 200 220 265 525
1878 -CC 700 2000 4250 5750 18000 36250 150000 - 1885 35 - - 40 45 50 80 200

1878-S 150 200 275 375 1000 2500 15000 68000 1885-O - - 40 - 45 50 70 200
1885-S 35 50 65 105 115 265 365 2000
1885-CC 625 660 665 670 675 835 935 1250
1886 30 - 35 40 45 50 70 175
1886-O 40 45 50 80 500 1000 3475 185000
1886-S 60 90 125 155 250 365 585 3500
1887 35 - - 40 45 50 70 175
1887-O 35 - 40 45 60 70 250 2500
1887-S 35 - 40 45 80 145 450 2500
1873-1883 trade doLLars ProoFs 1888 35 - - 40 45 50 70 250
1888-O - - - 40 45 55 75 650
PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
1888-S 130 205 210 350 450 575 975 3500
1873 2000 2250 3750 5750 15000 35000 - - 1889 35 - 40 45 50 55 70 400
1874 1750 2250 3500 4750 12500 25000 38000 - 1889-O 35 - 40 45 125 200 600 8000

1875 1750 2250 3500 4750 12750 22500 38000 - 1889-S 55 70 85 120 225 285 500 2200
1889-CC 715 1400 3400 7450 13000 26500 48250 350000
1876 1750 2250 3500 4750 12000 20000 - -
1890 35 - - 40 45 55 75 2750
1877 1750 2250 3500 5250 12000 18500 32000 -
1890-O 35 - 40 55 60 80 115 2925
1878 2000 2250 3500 5000 12000 20000 30000 - 1890-S 35 - 40 45 55 70 100 1400
1879 2000 2250 3500 4750 10000 14000 28000 45000 1890-CC 100 110 145 215 350 485 900 5800
1891 35 - 40 45 60 70 210 9400
1880 2000 2250 3500 4750 10000 14000 28000 48000
1891-O 35 - 40 45 100 195 375 9650
1881 2000 2250 3500 4750 10000 14000 28000 48000
1891-S 35 - 40 45 65 70 155 1975
1882 2000 2250 3500 4750 10000 14000 32000 48000 1891-CC 100 110 145 210 300 425 775 5625
1883 2000 2250 3500 4750 10000 14000 30000 48000 1892 45 50 55 95 150 325 550 5950

46 coinagemag.com
 January 2019
1878-1921 morgan doLLars 1878-1904 morgan doLLars ProoFs
VG10 VF20 XF40 AU50 AU55 MS60 MS63 MS65 PR60 PR61 PR62 PR63
1892-O 35 - 40 75 150 325 450 8500 1889 2000 2250 2500 2750
1892-S 40 145 335 1850 13000 46500 69000 215000 1890 2000 2250 2500 2750
1892-CC 200 310 515 775 1100 1500 2200 9750 1891 2000 2250 2500 2750
1893 240 250 300 435 550 800 1300 9600 1892 2000 2250 2500 2750
1893-O 210 360 550 950 1500 3600 7250 200000
1893 2000 2250 2500 2750
1893-S 3225 6175 9000 24000 50000 110000 215000 775000
1894 2500 2750 3000 3250

The COINage PrICe guIde

1893-CC 275 715 1500 2725 3500 4975 7150 73000
1895 35000 40000 45000 50000
1894 1375 1675 1800 1975 2500 4125 5950 44500
1896 2000 2250 2500 2750
1894-O 50 55 100 285 500 1150 4225 71000
1897 2000 2250 2500 2750
1894-S 60 105 155 500 750 950 1275 7350
1898 2000 2250 2500 2750
1895-O 360 475 565 1250 7500 16000 58000 160000
1899 2000 2250 2500 2750
1895-S 550 950 1400 1975 3000 4425 6825 28750
1900 2000 2250 2500 2750
1896 - 40 - 45 50 55 75 275
1901 2250 2500 2750 3000
1896-O - 40 50 165 800 1800 9000 175000
1896-S 45 60 235 875 1000 1975 4050 19750 1902 2000 2250 2500 2750

1897 35 - 40 45 50 55 70 375 1903 2000 2250 2500 2750

1897-O 35 40 50 105 600 950 4800 72500 1904 2000 2250 2500 2750

1897-S 35 - 40 45 50 80 150 675

1898 35 - 40 - 45 55 75 275
1898-O 35 - 40 - 45 50 70 200
1898-S 45 50 55 110 200 270 515 2700
1899 175 200 225 250 275 300 325 1250
1899-O 35 40 - - 45 50 80 200
1899-S 45 50 60 155 250 450 535 2425
1900 35 - 40 - 45 55 75 200 1921-1935 PeaCe doLLars
1900-O 35 - 40 - 45 55 75 200
VG10 VF20 XF40 AU50 MS60 MS63 MS64 MS65
1900-O/CC 45 60 100 185 200 310 835 1825
1921 75 100 125 150 200 450 1000 2000
1900-S 45 50 55 85 250 350 425 1900
1922 - - - 30 60 110 125 150
1901 45 55 110 375 1000 2625 18000 525000
1922-D - - - 30 40 75 125 500
1901-O - - - 40 45 50 80 200
1922-S - 30 30 40 60 100 200 2000
1901-S - 40 50 210 350 550 885 3400
1902 - 40 - 45 55 65 135 535 1923 - - 30 75 - 100 125 150

1902-O - - 40 - 45 50 70 200 1923-D - - - 40 125 200 350 1000

1902-S 105 155 210 300 350 415 675 3225 1923-S - - - 40 60 75 400 2500

1903 - 50 55 60 65 70 100 350 1924 - - - - - 50 60 125

1903-O 335 385 400 415 425 475 500 665 1924-S - - 30 40 250 500 1000 6000
1903-S 100 215 400 1850 3000 4250 6775 12250 1925 - - - 40 - 50 75 125
1904 35 40 - 45 50 100 275 2925 1925-S - 30 40 50 150 300 500 13000
1904-O - - 40 45 50 55 70 200 1926 - 30 - 40 50 100 125 500
1904-S 45 85 215 600 1000 1725 5025 12000 1926-D - - - 40 125 250 400 1000
1921 30 35 40 - 45 50 65 200 1926-S - - 30 50 60 150 250 1000
1921-D 30 35 40 - 45 50 80 425 1927 - - - 50 100 200 500 2250
1921-S 30 35 40 - 45 50 1000 1750
1927-D - - 50 100 250 500 1500 4000
1927-S - - 100 125 250 500 1250 8500
1928 225 - - 250 400 600 1000 4500
1928-S - 40 50 60 200 400 1000 15000
1934 - - - 60 75 200 400 750
1934-D - 40 - 50 125 400 500 1250
1934-S 40 100 150 300 1250 6000 7000 10000
1935 - - 40 50 75 125 250 750
1878-1904 morgan doLLars ProoFs 1935-S - 40 50 100 250 400 600 1250
PR60 PR61 PR62 PR63
1878 (8 feathers) 2500 2750 3000 3250
1878 (7 feathers) 2500 2750 3000 3250
1879 2000 2250 2500 2750
1880 2000 2250 2500 2750
1881 2000 2250 2500 2750
1882 2000 2250 2500 2750
1883 2000 2250 2500 2750
1921-1922 PeaCe doLLars ProoFs
1884 2000 2250 2500 2750
1885 2000 2250 2500 2750 PR60 PR61 PR62 PR63 PR64 PR65

1886 2000 2250 2500 2750 1921 (satin) 45000 50000 55000 60000 65000 70000

1887 3000 3250 3500 3750 1921 (matte) 45000 50000 55000 60000 65000 70000
1888 2000 2250 2500 2750 1922 (matte) 95000 100000 105000 110000 115000 120000

47
 January 2019

1796-1808 CaPPed bust Quarter eagLes goLd

1854-1889 IndIan Head goLd doLLars
G04 VG10 F15 VF20 XF40 AU50 AU55 MS60
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
The COINage PrICe guIde

1796 (no stars on obverse) 20000 35000 50000 60000 85000 110000 150000 225000
1854 200 275 325 350 500 600 2000 7500
1796 (with stars on obverse) 15000 25000 40000 45000 65000 90000 125000 180000
1855 200 275 325 350 500 600 2000 7500
1797 9000 15000 20000 25000 40000 70000 100000 145000
1855-C 700 1000 1500 1750 3750 8250 25000 110000
1798 3500 6500 8750 9750 15000 30000 45000 65000
1855-D 2500 4000 5000 5500 12000 20000 50000 90000 1804 (13 stars on reverse) 15000 50000 100000 140000 180000 275000 - -
1855-O 400 475 525 550 950 1500 8000 25000 1804 (14 stars on reverse) 3000 4500 7500 8500 12500 15000 20000 30000
1856-S 400 700 900 925 1500 2250 7500 30000 1805 3000 4500 7500 8500 12500 15000 20000 30000
1856 (upright 5) 175 225 250 275 300 375 725 2250 1806/4 3000 4500 7500 8500 12500 15000 20000 30000
1856 (slanted 5) 175 200 225 250 275 300 550 1000 1806/5 7000 10000 13500 15000 18000 40000 60000 90000
1856-D 2000 2750 3250 3500 5500 7750 25000 80000 1807 3000 4500 7500 8500 12500 15000 20000 30000

1857 175 200 225 250 275 300 550 1000 1808 3000 4500 7500 8500 12500 15000 20000 30000

1857-C 500 800 1000 1250 1500 2750 12000 30000

1857-D 500 800 1000 1500 2250 3500 10000 25000
1857-S 300 375 425 450 725 1250 5750 18000
1858 175 200 225 250 275 300 550 975
1858-D 500 800 1000 1500 2250 3500 8500 18000
1858-S 225 300 350 375 650 1250 5750 15000
1859 175 200 225 250 275 300 550 1000
1859-C 500 800 1000 1250 2000 3250 12000 30000
1821-1834 CaPPed Head Quarter eagLes goLd
1859-D 500 800 1250 1500 2250 3250 8000 18000 G04 VG10 F15 VF20 XF40 AU50 AU55 MS60
1821 2000 5000 7500 8500 12750 15000 20000 30000
1859-S 150 225 275 300 550 1250 5250 15000
1824/1 2000 5000 7500 8500 12750 15000 20000 30000
1860 175 200 225 250 275 300 550 1250
1826/5 5000 8000 10500 11500 15000 25000 45000 65000
1860-D 900 2000 2500 2750 4000 7250 18000 45000
1827 2000 5000 7500 8500 12750 15000 20000 30000
1860-S 200 275 325 350 475 750 2250 5500
1829 1000 4000 6500 7250 8750 12000 15000 20000
1861 175 200 225 250 275 300 550 975
1830 1000 4000 6500 7250 8750 12000 15000 20000
1861-D 8000 12000 18000 20000 30000 40000 60000 100000
1831 1000 4000 6500 7250 8750 12000 15000 20000
1862 175 200 225 250 275 300 550 975
1832 1000 4000 6500 7250 8750 12000 15000 20000
1863 500 800 1000 1250 2000 3250 5500 9250 1834 3000 6000 12000 14000 18000 30000 50000 70000
1864 325 400 450 475 825 1250 1750 3750
1865 250 400 500 550 875 1000 2000 3750
1866 175 250 300 400 475 725 1250 2000
1867 200 275 400 450 500 675 1250 2000
1868 125 200 250 275 425 500 975 2000
1869 200 275 325 350 450 675 1000 2250
1870 175 250 300 325 450 650 975 2000
1870-S 275 350 400 475 800 1250 2750 6500 1795-1812 CaPPed bust HaLF eagLes goLd
1871 175 250 300 325 450 550 875 1750 G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
1872 175 250 300 325 450 550 975 2250 1795 (small eagle) 9000 15000 20000 22250 30000 40000 65000 170000
1873 (closed 3) 275 350 400 425 725 1000 1500 4250 1795 (heraldic eagle) 8000 12000 18000 20000 30000 50000 85000 165000
1873 (open 3) 175 200 225 250 275 300 500 825 1796/5 9000 15000 20000 25000 40000 60000 100000 215000

1874 175 200 225 250 275 300 500 825 1797 (small eagle, 15 stars) 15000 22250 32500 40000 60000 90000 240000 -

1875 800 2000 2500 2750 4250 5250 8000 12000 1797 (small eagle, 16 stars) 10000 18000 30000 40000 50000 75000 215000 -

1876 175 250 300 325 375 475 725 1250 1797/5 (heraldic eagle) 8000 12000 20000 25000 45000 70000 185000 -
1798 (small 8) 1000 4000 6000 7000 12000 18000 35000 75000
1877 175 250 300 325 375 475 725 1250
1798 (lg 8, 13 stars on back) 2000 3750 5000 5500 8500 15000 50000 -
1878 175 250 300 325 375 475 725 1250
1798 (lg 8, 14 stars on back) 2000 3750 5000 6500 12000 25000 110000 -
1879 150 200 225 250 400 425 700 1250
1799 2000 3500 4500 5250 7250 12000 25000 60000
1880 150 200 225 250 400 425 850 1500
1800 2000 3500 4500 5250 6500 8000 15000 30000
1881 150 200 225 250 400 425 600 900
1802/1 2000 3500 4500 5250 6500 8000 15000 30000
1882 150 200 225 250 400 425 600 950
1803/2 2000 3500 4500 5250 6500 8000 15000 30000
1883 150 200 225 250 400 425 525 900
1804 (small 8) 2000 3500 4500 5250 6500 8000 18000 30000
1884 150 200 225 250 400 425 550 900 1804 (large 8) 2000 3500 4500 5250 6500 8000 18000 30000
1885 150 200 225 250 400 425 525 900 1805 2000 3500 4500 5250 6500 8000 15000 30000
1887 150 200 225 250 400 425 525 800 1806 (pointed 6) 2000 3500 4500 5250 6500 8000 15000 30000
1888 150 200 225 250 400 425 525 700 1806 (rounded 6) 2000 3500 4500 5250 6500 8000 15000 30000
1889 150 200 225 250 400 425 525 675 1807 2000 3500 4500 5250 6500 8000 15000 30000

48 coinagemag.com
 January 2019
1795-1812 CaPPed bust HaLF eagLes goLd 1795-1804 CaPPed bust eagLes goLd
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63 G04 VG10 VF20 XF40 AU50 AU55 MS60 MS63
1807 (bust to left) 1750 2500 3500 4250 5250 8250 12750 25000 1801 - 7500 12500 17500 20000 22500 32500 65000
1808 1750 2500 3500 4250 5250 8250 12750 25000 1803 (small stars reverse) - 7500 12500 17500 20000 22500 30000 75000
1808/7 1750 2500 4000 5000 6000 8500 15000 30000 1803 (large stars reverse) - 7500 12500 17500 20000 25000 32500 75000
1809/8 1750 2500 3500 4250 5250 8250 12750 25000 1804 - - 30000 45000 50000 75000 100000 250000
1810 (small date, small 5) 9000 15000 30000 40000 50000 80000 170000 -
1810 (small date, large 5) 1750 2500 3500 4250 5250 8250 15000 25000

The COINage PrICe guIde

1810 (large date, small 5) 15000 25000 35000 40000 70000 85000 165000 -
1810 (large date, large 5) 1750 2500 3500 4250 5250 8250 12750 25000
1811 (small 5) 1750 2500 3500 4250 5250 8250 12750 25000
1811 (large 5) 1750 2500 3500 4250 5250 8250 12750 25000
1812 1750 2500 3500 4250 5250 8250 12750 25000

1907-1933 IndIan Head eagLes goLd

1813-1834 CaPPed Head HaLF eagLes goLd
G04 VG10 F15 VF20 XF40 AU50 MS60 MS63
G04 VG10 VF20 XF40 AU50 AU55 MS60 MS63
1907 (wire edge, w/ periods) 8000 12000 15000 18000 20000 25000 32500 50000
1813 1000 4000 5500 6750 9000 10000 12000 20000
1907 (rolled edge, w/ periods) 20000 35000 45000 50000 55000 60000 100000 125000
1814/3 1000 4000 6000 7250 9500 15000 20000 50000
1907 (no periods) 800 875 925 950 975 1000 1250 3750
1815 20000 75000 120000 165000 185000 275000 370000 540000
1908 (no motto) 800 875 925 950 975 1000 1250 5000
1818 1000 4000 6000 7250 10000 15000 20000 50000
1908-D (no motto) 800 875 925 950 975 1000 1500 8000
1818 STATESOF (one word) 1000 4000 6000 7250 10000 15000 20000 45000
1908 (with motto) 775 800 825 850 875 900 1000 1500
1818 (5D over 50) 1000 4000 6000 7250 10500 15000 25000 50000 1908-D (with motto) 775 800 900 925 950 1000 1250 7500
1819 9000 15000 30000 45000 60000 75000 90000 - 1908-S (with motto) 750 850 900 1000 1250 1500 4000 12750
1819 (5D over 50) 18000 25000 32500 45000 60000 75000 90000 140000 1909 750 825 875 900 950 1000 1250 4000
1820 (curved base, sm letters) 1000 4000 6750 10500 12750 15000 18000 40000 1909-D 775 850 900 950 1000 1250 1500 6500
1820 (curved base, lg letters) 1000 4000 6500 8000 10000 15000 20000 40000 1909-S 750 825 875 900 950 1000 2000 7500
1820 (square base, lg letters) 1000 4000 6500 7750 9000 12000 18000 30000 1910 750 825 875 900 950 975 1000 1500
1821 8000 12000 30000 50000 60000 100000 145000 215000 1910-D 750 825 875 900 950 975 1000 1500
1823 4000 7000 9250 14500 15000 20000 25000 50000 1910-S 800 825 875 900 950 1000 1500 10000
1824 8000 12000 20000 30000 40000 50000 70000 125000 1911 750 825 875 900 950 975 1000 1500
1825/1 8000 12000 20000 30000 40000 50000 70000 125000 1911-D 900 950 1000 1250 2000 2500 10000 40000
1826 5000 8000 14000 18000 25000 30000 40000 70000 1911-S 800 850 900 950 1000 1250 3000 12750
1827 10000 16000 20000 30000 35000 45000 60000 90000 1912 750 825 875 900 950 975 1000 1500
1828/7 15000 30000 60000 100000 125000 175000 250000 430000 1912-S 750 825 875 900 1000 1250 2000 10000
1829 (large date) 9000 15000 30000 70000 90000 125000 180000 335000 1913 750 825 875 900 950 975 1000 1500
1829 (small date) 15000 30000 70000 140000 165000 200000 275000 460000 1913-S 800 850 900 1000 1250 1500 7500 35000
1830 (small 5D) 9000 15000 25000 35000 40000 50000 60000 90000 1914 750 825 875 900 950 975 1000 2500
1830 (large 5D) 9000 15000 25000 35000 40000 50000 60000 90000 1914-D 750 825 875 900 950 975 1000 2500
1831 (small 5D) 9000 15000 25000 35000 40000 50000 60000 90000 1914-S 800 900 950 1000 1100 1250 2000 8500
1831 (large 5D) 9000 15000 25000 35000 40000 50000 60000 90000 1915 750 825 875 900 950 975 1000 2000
1832 160000 220000 275000 375000 525000 - - - 1915-S 850 900 950 1000 1250 1500 5000 20000
1833 (large date) 9000 15000 25000 35000 40000 50000 60000 90000 1916-S 800 825 850 900 1000 1250 2000 8000
1833 (small date) 9000 15000 25000 35000 40000 60000 90000 145000 1920-S 6000 9000 12000 15000 20000 30000 85000 125000
1834 (plain 4) 9000 15000 25000 35000 40000 50000 60000 90000 1926 750 825 875 900 950 975 1000 1500
1834 (crosslet 4) 10000 18000 27500 37500 45000 65000 90000 120000 1930-S 6000 9000 10000 12500 15000 25000 40000 50000
1932 750 825 875 900 950 975 1000 1500
1933 25000 40000 50000 60000 100000 150000 200000 325000

1795-1804 CaPPed bust eagLes goLd

G04 VG10 VF20 XF40 AU50 AU55 MS60 MS63
1795 (13 leaves below eagle) 20000 25000 35000 50000 60000 80000 100000 325000 1908-1915 IndIan Head eagLes goLd ProoFs
1795 (9 leaves below eagle) - - - 75000 150000 175000 300000 - PR60 PR61 PR62 PR63
1796 - - 40000 55000 60000 80000 125000 500000 1908 8000 10000 12000 15000
1797 (small eagle) - - 50000 75000 125000 150000 250000 600000 1909 8000 10000 12000 15000
1797 (heraldic eagle) - - 15000 25000 32500 40000 60000 200000 1910 10000 12000 15000 18000
1798 (9 stars left, 4 stars right) - 15000 25000 42500 50000 85000 150000 425000 1911 8000 10000 12000 15000
1798 (7 stars left, 6 stars right) - - 45000 100000 175000 225000 400000 - 1912 8000 10000 12000 15000
1799 (small stars obverse) - 7500 12500 17500 20000 22500 30000 75000 1913 8000 10000 12000 15000
1799 (large stars obverse) - 7500 12500 17500 20000 22500 30000 75000 1914 8000 10000 12000 15000
1800 - 7500 12500 15000 20000 25000 32500 85000 1915 10000 12000 15000 18000

49
 January 2019

1907-1932 saInt gaudens doubLe eagLes goLd 1908-1915 saInt gaudens doubLe eagLes goLd ProoFs
VF20 XF40 AU50 MS60 MS63 MS65 MS67 MS68 PR60 PR61 PR63 PR64 PR65 PR66 PR67 PR68
The COINage PrICe guIde

1907 (high relief) 9250 11250 12500 17500 25000 62500 18000 38500 1908 15000 16000 32000 48000 95500 118000 200000 285000
1909 15000 18500 35000 58000 110000 135000 235000 285000
1907 (roman #'s, wire rim) 9500 10000 12000 15000 20000 - - -
1910 15000 18500 35000 56000 105000 128000 225000 280000
1907 (roman #'s, flat rim) 9500 10000 12000 15000 20000 - - -
1911 15000 16000 32000 48000 100000 118000 190000 260000
1907 (arabic #'s) - - - - 2000 - - -
1912 15000 16000 32000 48000 98000 148000 265000 -
1908 (no motto) - 1650 1700 1750 2000 2500 15000 30000
1913 15500 18500 35000 50000 100000 150000 265000 -
1908-D (no motto) - 1650 1700 1750 2000 10500 - -
1914 15500 18500 35000 53000 110000 160000 265000 -
1908 (with motto) - 1650 1700 1750 2500 17000 100000 -
1915 15500 20000 36500 57000 100000 160000 275000 -
1908-D (with motto) - 1650 1700 1750 2250 6000 110000 -
1908-S 3000 3750 5500 12000 26250 55000 185000 -
1909 - 1650 1700 1750 3000 45000 - -
1909/8 1700 1875 1900 2500 5250 47250 - -
1909-D - 1650 1825 3250 7500 46000 300000 -
1909-S - 1650 1700 1750 2250 6500 66000 -
1910 - 1650 1700 1750 2000 9500 - -
1910-D - 1650 1700 1750 2000 4000 82000 - 1988-2016 goLd eagLes $5 ProoFs
1910-S - 1650 1700 1750 2000 9500 67500 175000 PR66 PR67 PR68 PR69 PR70
1911 - 1650 1700 1750 2500 22500 185000 - 1988-P 125 135 150 185 325
1911-D - 1650 1700 1750 2000 2750 58000 - 1989-P 125 135 150 185 325
1911-S - 1650 1700 1750 2000 5750 100000 - 1990-P 125 135 150 185 275
1912 - 1650 1700 1750 2500 28000 - - 1991-P 125 135 150 185 275

1913 - 1650 1700 1750 2750 55000 - - 1992-P 125 135 150 185 275

1913-D - - 1650 1750 2000 6500 - - 1993-P 125 135 150 185 250
1994-W 125 135 150 185 250
1913-S 1650 1750 2000 2250 5000 40000 - -
1995-W 125 135 150 185 250
1914 - 1650 1700 1750 3500 25000 - -
1996-W 125 135 150 185 250
1914-D - 1650 1700 1750 2000 3500 42500 -
1997-W 125 135 150 185 250
1914-S - 1650 1700 1750 2000 2750 58000 -
1998-W 125 135 150 185 300
1915 - 1650 1700 1750 2500 30000 - -
1999-W 125 135 150 185 250
1915-S - 1650 1700 1750 1875 3250 37500 -
2000-W 125 135 150 185 250
1916-S - 1650 1700 1750 2000 3750 35000 -
2001-W 125 135 150 185 400
1920 - 1650 1700 1750 2250 85000 - - 2002-W 125 135 150 185 250
1920-S 15000 22500 31000 52000 110000 300000 - - 2003-W 125 135 150 185 300
1921 30000 45000 58000 115000 200000 690000 - - 2004-W 125 135 150 185 225
1922 - 1650 1700 1750 2000 4750 - - 2005-W 125 135 150 185 225
1922-S 1750 2000 2250 2500 5250 50000 - - 2006-W 125 135 150 185 225

1923 - 1650 1700 1750 1800 4750 - - 2007-W 125 135 150 185 250

1923-D - 1650 1700 1750 1875 2500 16000 - 2008-W 125 135 150 185 300
2010-W 125 135 150 185 250
1924 - 1650 1700 1750 1850 2500 15000 95000
2011-W 125 135 150 185 250
1924-D 1750 2500 2750 5250 8750 92500 - -
2012-W 125 135 150 185 250
1924-S 2250 2500 2750 4750 12500 215000 815000 -
2014-W 125 135 150 185 250
1925 - 1650 1700 1750 1850 2500 35000 -
2015-W 125 135 150 185 250
1925-D 2500 3000 3750 5500 14000 110000 - -
2016-W - - - 175 200
1925-S 2750 3500 5000 10500 18000 175000 375000 650000
1926 - 1650 1700 1750 1850 2500 30000 -
1926-D 8000 12000 14000 18000 25000 220000 - -
1926-S - 2250 2500 3000 6000 30000 - -
1927 - 1650 1700 1750 1850 2500 20000 -
1927-D - - 480000 650000 1550000 2000000 3250000 -
1927-S 7000 12000 15000 27500 48000 185000 360000 -
1928 - 1650 1700 1750 1850 2500 15000 - 1988-2016 goLd eagLes $10 Quarter ounCe ProoFs
1929 7500 12000 16000 22500 40000 92000 - -
PR67 PR68 PR69 PR70
1930-S 20000 32500 52500 75000 125000 220000 - - 1988-P 300 325 475 650
1931 12000 17000 22500 37500 78000 115000 375000 - 1989-P 300 325 475 675
1931-D 15000 18000 24000 38000 82000 138000 - - 1990-P 300 325 475 700
1932 14000 17500 22000 30000 75000 110000 - - 1991-P 300 325 450 600

50 coinagemag.com
 January 2019
1988-2016 goLd eagLes $10 Quarter ounCe ProoFs
PR67 PR68 PR69 PR70
1992-P 300 325 475 700
1993-P 300 325 500 825
1994-W 300 325 475 650
1995-W 300 325 475 650
1996-W 300 325 475 725 1986-2016 goLd eagLes $50 one ounCe ProoFs
1997-W 300 325 475 725
PR68 PR69 PR70

The COINage PrICe guIde

1998-W 300 325 450 650
1986-W 1500 1650 2250
1999-W 300 325 500 750
1987-W 1500 1650 2400
2000-W 300 325 500 725
1988-W 1500 1650 2400
2001-W 300 325 500 775
1989-W 1500 1650 2450
2002-W 300 325 450 750
1990-W 1500 1650 2500
2003-W 300 325 425 600
1991-W 1500 1750 3500
2004-W 300 325 475 625
1992-W 1500 1650 3000
2005-W 300 325 475 625
1993-W 1500 1800 4100
2006-W 300 325 450 550
1994-W 1500 1750 2500
2007-W 300 325 450 550
1995-W 1500 1650 2500
2008-W 300 325 475 675
1996-W 1500 1750 3000
2010-W 300 325 475 575
1997-W 1500 1700 2500
2011-W 300 325 450 600
1998-W 1500 1700 4000
2012 300 325 450 575
1999-W 1500 1800 3500
2013 300 325 450 600
2000-W 1500 1750 2500
2014 300 325 450 575
2001-W 1500 1750 3600
2015 300 325 400 500
2002-W 1500 1750 2500
2016 - - 375 400
2003-W 1500 1750 2400
2004-W 1500 1750 2400
2005-W 1500 1650 2000
2006-W 1700 1750 2000
2006-W (rev) 2500 2750 4000
2007-W 1500 1650 2000
2008-W 1600 1750 2250
2010-W 1500 1650 2100
1987-2016 goLd eagLes $25 HaLF ounCe ProoFs 2011-W 1500 1650 2300

PR66 PR67 PR68 PR69 PR70 2012-W 1500 1650 2000

1987-P 575 625 700 950 1500 2013-W 1500 1650 2000

1988-P 575 625 700 975 1500 2014-W 1500 1650 2000

1989-P 575 625 1000 1250 4750 2015-W 1500 1650 1750

1990-P 575 625 1000 1250 5500 2016-W - 1250 1500

1991-P 575 625 700 950 1500

1992-P 575 625 700 975 1500
1993-P 575 625 750 1000 1500
1994-W 575 625 700 950 1500
1995-W 575 625 700 950 1250

1986-2016 goLd eagLes $25 HaLF ounCe ProoFs

PR66 PR67 PR68 PR69 PR70 1986-2015 sILver eagLes
1996-W 575 625 700 875 1000
MS66 MS67 MS68 MS69 MS70
1997-W 575 625 700 900 1500
1986 25 30 35 90 1300
1998-W 575 625 700 875 1250
1987 25 30 35 65 1600
1999-W 575 625 700 875 2250
1988 25 30 35 75 2500
2000-W 575 625 700 900 1000
1989 25 30 35 75 1500
2001-W 575 625 700 875 1000
1990 25 30 35 80 5750
2002-W 575 625 700 875 1000
1991 25 30 35 60 6000
2003-W 575 625 700 875 1000
1992 25 30 35 80 1900
2004-W 575 625 700 875 1000
1993 - 30 35 60 5500
2005-W 575 625 700 875 1000
2006-W 575 625 700 875 1000 1994 35 40 45 100 6000

2007-W 575 625 700 875 1000 1995 30 35 40 100 1250

2008-W 575 625 700 875 1250 1996 35 40 65 150 12250

2010-W 575 625 700 875 1000 1997 30 35 35 85 1250

2011-W 575 625 700 875 1000 1998 30 35 35 70 1900

2012-W 575 625 700 875 1000 1999 - 30 35 60 26000

2013-W 575 625 700 875 1000 2000 - 30 35 55 8000
2014-W 575 625 700 950 1000 2001 - 30 35 55 1400
2015-W 575 600 650 750 900 2002 - 30 35 50 325
2016-W - - - 725 750 2003 - 30 35 50 275

51
 January 2019
1986-2015 sILver eagLes
MS66 MS67 MS68 MS69 MS70

2004 - 30 35 50 275

2005 - 30 35 50 300

2006 - 30 35 50 125

2006-W (burnished) 30 35 40 65 250 1997-2008 PLatInum eagLes $10

2007 - 30 35 45 125 MS68 MS69 MS70
The COINage PrICe guIde

2007-W (burnished) 30 35 40 50 85 1997 150 200 1250

2008 - 30 35 50 90 1998 150 200 2500

1999 150 200 1500
2008-W (reverse of 2007) 375 400 425 500 1250
2000 150 200 750
2008-W (burnished) - 35 40 50 100
2001 150 200 400
2009 25 30 35 45 85
2002 - 150 400
2010 25 30 35 45 80 2003 150 200 575
2011 25 30 35 45 80 2004 150 200 400

2012 30 35 40 50 75 2005 150 200 275

2006 150 200 275
2013 30 35 40 45 75
2006-W (burnished) 150 350 550
2014 - - 40 50 75
2007 150 200 275
2015 - - 40 50 75
2007-W (burnished) 150 225 375
2008 150 225 375
2008-W (burnished) 250 325 450

1986-2015 sILver eagLes ProoFs

PR65 PR67 PR68 PR69 PR70
1997-2008 PLatInum eagLes $10 ProoFs
1986-S 30 35 40 75 450
PR68 PR69 PR70
1987-S 30 35 40 75 1000
1997-W 175 225 500
1988-S 30 35 40 75 650
1998-W 175 225 550
1989-S 30 35 40 75 400 1999-W 175 225 350
1990-S 30 35 40 75 300 2000-W 175 225 325

1991-S 30 35 40 80 550 2001-W 175 225 400

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
1997-2008 PLatInum eagLes $25
MS68 MS69 MS70
2004-W 30 35 40 75 100
1997 375 550 2500
2005-W 30 35 40 70 100
1998 375 425 2000
2006-W - 35 40 65 100
1999 375 500 5500
2007-W 30 35 40 65 100 2000 375 425 1000
2008-W 30 35 40 75 100 2001 375 425 2250

2010-W 30 35 40 70 100 2002 375 425 650

2003 375 425 600
2011-W 30 35 40 75 100
2004 375 425 525
2012 30 40 45 70 100
2005 375 425 550
2013 30 35 40 70 100
2006 375 425 550
2014 30 35 40 70 100 2006-W (burnished) 475 625 950
2015 30 35 40 70 100 2007 375 425 525

52 coinagemag.com
 January 2019
1997-2008 PLatInum eagLes $25 1997-2008 PLatInum eagLes $50 ProoFs
MS68 MS69 MS70 PR68 PR69 PR70
2007-W (burnished) 375 450 625 2003-W 800 875 1000
2008 375 425 525 2004-W 1000 1250 1500
2008-W (burnished) 475 575 1000 2005-W - 1000 1250
2006-W 700 800 1000
2007-W 700 800 1000
2008-W 1000 1250 2000

The COINage PrICe guIde

1997-2008 PLatInum eagLes $25 ProoFs
PR67 PR68 PR69 PR70
1997-W - 375 450 575
1998-W - 375 500 600
1997-2015 PLatInum eagLes $100
1999-W - 375 500 525
2000-W - 375 475 525 MS68 MS69 MS70

2001-W - 375 500 575 1997 1500 2000 10500

2002-W - 375 450 525 1998 1500 1750 -

2003-W - 375 475 575 1999 1500 2000 -
2004-W 575 600 750 1000 2000 1250 1500 -
2005-W - 375 500 675 2001 1250 1750 -
2006-W - 375 500 550 2002 1250 1750 7500
2007-W - 375 475 525
2003 1250 1750 5500
2008-W - 500 600 1000
2004 1250 1750 2750
2005 1250 1750 2750
2006 1250 1500 2250
2006-W (burnished) - 1500 2500
2007 1250 1500 2250
2007-W (burnished) - 1500 2500
2008 1250 1500 2250
2008-W (burnished) 1250 1500 2500
1997-2008 PLatInum eagLes $50
2014-W 1250 1500 2500
MS67 MS68 MS69 MS70
2015-W - 1250 1500
1997 750 800 1000 4500
1998 700 725 950 12000
1999 700 750 1000 -
2000 - 700 925 -
2001 700 725 875 -
2002 - 700 850 1500
2003 - 700 800 1250
2004 - 725 800 1250
2005 - 725 800 1000 1997-2015 PLatInum eagLes $100 ProoFs
2006 - 700 775 1000
PR68 PR69 PR70
2006-W (burnished) - 775 850 1250
1997-W - 1500 4000
2007 - 725 775 1000
1998-W 1500 1750 2500
2007-W (burnished) - 825 975 1250
1999-W 1500 1750 2750
2008 - 700 775 1000
2000-W 1500 1750 2500
2008-W (burnished) - 1250 1500 2000
2001-W 1500 1750 3500
2002-W 1500 1750 2500
2003-W 1500 1750 3500
2004-W 2000 2250 3500
2005-W 2000 2500 3250
2006-W 1500 1750 2500
2007-W 1500 1750 2250

1997-2008 PLatInum eagLes $50 ProoFs 2008-W - 2000 2750

2009-W 2000 2250 2500
PR68 PR69 PR70
2010-W 1500 1750 2000
1997-W 700 900 1250
1998-W 700 900 1000 2011-W 1500 1750 2000

1999-W 700 900 1000 2012-W 1500 1750 2250

2000-W 825 900 1000 2013-W 1500 1750 2500

2001-W 750 950 1250 2014-W - 1500 2250

2002-W 800 900 1000 2015-W - 1750 2000

53
 A Forecast for Our
Hobby
LOOKING FOR SOLUTIONS BEYOND 2019 | By Thomas J. Bilotta
T
he trend may be your friend, but it hasn’t been a good
friend to the numismatic field in terms of collector
retention and hobby expansion. Collectors in the late
1990s, reeling from U.S. Mint continuity programs,
could never have envisioned the 2019 graying of the industry
and contraction of coin buyers on the Mint’s mailing list.
For many years, the average age of coin collectors has been
increasing. According to current estimates, it is now approxi-
mately 60 years. As a result, the level of participation in the
hobby has not grown. There are some efforts and programs
54 COINAGEMAG.COM
intended to encourage participation by younger collectors, but
as of yet there is no strategy that appears likely to reverse this
trend. Some have observed that the aging of the Baby Boom
generation will increase participation in coin collecting and
that the high average age is therefore not a problem. This is
short-sighted thinking, as this will only delay and slow the
decline. In order for coin collecting to have a bright future, it is
GETTYIMAGES
necessary to understand why the hobby does not attract many
younger participants and seek to offset these factors. Without a
change in strategy, either through education or other industry
initiatives, it is likely that the number of participants will
remain approximately at today’s level until the point at which
the infusion of Baby Boomers ends, at which time the hobby
will likely decline. At some point, the decline will accelerate
and become irreversible.
In order for coin collecting to enjoy a brighter future,
we must find a way to encourage participation of new and
younger collectors. As a starting point, we need to understand
why coin collecting was attractive to young people during the
1900s and identify approaches to recreating the desire to col-
lect coins. It is also important to remember that the seeds of
coin collecting in the 20th century were planted among young
collectors. Often, young people developed a lifelong interest in
coin collecting during their childhood. As they became adults
and family and career took precedence, they would temporar-
ily become inactive, but eventually their interest would compel
a return to coin collecting.
During the 1900s, there were several factors that drove
interest in coin collecting. Coins are one of the few products
of a government and tightly intertwined with its history.
Therefore, coin collecting is a likely pursuit for those with the
collecting bug. This remains true in the 21st century, but there
were other important factors as well that no longer are present.
During the 1900s, coin designs changed more frequently and
consisted of more interesting and symbolic art. These were
largely replaced by images of U.S. Presidents that very seldom
changed. As a result of the more frequent coin design changes,
it was very possible to collect a significant array of coins from
circulation at face value. It was also possible to purchase rolls
of coins at local banks at face value. The existence of more
contemporaries also collecting provided the opportunity to
trade coins with friends who shared your interest. These fac-
tors combined to create a “thrill of the hunt” that encouraged
participation and also resulted in personal gratification.
A second factor present in the 1900s was that many coins
were minted in silver, resulting in some intrinsic value. This
also encouraged melting to retrieve the metal during periods
where the spot price was high and the metal content exceeded
the face value of the coin. This reduced the supply, resulting
in a shortage of some particular dates and mints, making
assembly of a complete set more difficult, challenging and,
also, potentially more valuable.
Another factor was availability of inexpensive albums for
each coin type, which effectively defined a clear collecting
goal. These albums typically contained a hole for each date
and mint issue of a coin type, typically 50-100 coins. Because
the coins were not packaged in certified slabs albums, the
albums were very compact and nicely suited for a bookshelf. A
collector could quickly view his or her progress on a particular
collection and note the openings that existed and needed to be
fi lled. Completing a coin album was a major source of gratifi-
cation to the young coin collector and remains so to this day.
I have provided an illustration of a typical coin album for
Walking Liberty half dollars. This album contains a set of
Walking Liberty half dollars that was assembled from circula-
tion and trading during the middle of the 20th century by a
long-term collector who began collecting in childhood.
These factors all encouraged active participation in coin
collecting and also rewarded participation with the pride of
accomplishment and often growth in value. Unfortunately,
as we entered the 21st century, most of these factors have
disappeared.
As we enter the 21st century, coin designs are dominated by
United States Presidents, which are generally less interesting
artistically than earlier designs. Collecting coins in circula-
tion has almost become impossible, with the exception of
error and variety collecting. Though error and variety collect-
ing are very challenging, they are not likely to generate much
The Mint’s state quarter series lent itself to creative storage and
display options, such as this United States map album.
interest among the young, as errors are often difficult to find
and also require detailed knowledge. No circulation coinage
is minted using precious metals, eliminating the possibility of
melting and reduction of available supply. The joy of fi lling a
coin album has been diminished by the domination of certi-
fied coins that imprison a coin in a plastic holder unsuitable
for fi lling the hole in an album.
The recent experiences with the state quarter and presiden-
tial dollar programs provide quite a bit of help in understand-
ing the problem that is faced by the hobby and also offer the
opportunity to identify a way forward.
The Statehood Quarter Program, which began in 1999,
made it possible for young collectors to again find coins in
circulation and, as a result, many new collectors began to
enter coin collecting and the overall market began to grow.
Every child knows there are 50 states, and the coin designs
for each state contained some symbol specific to the state’s
culture or history. Because these coins widely circulated,
complete sets could be obtained in pocket change, and the
opportunity to trade with other young collectors existed. The
state theme was also very effective as it not only provided the
opportunity to fi ll a coin album with a complete collection of
COINAGE JANUARY 55
 the 50 states, but also ofered the opportunity for more attrac-
tive holders.
I have included here an illustration of a state quarter map
sold by the United States Mint containing one opening for
each state. his collection contains both original coins as well
as coins colorized by third parties that were widely manufac-
tured while this series was being issued.
he state quarter program created signiicant interest in coin
collecting, temporarily expanding its numbers and beneiting
many areas of coin collecting. At one point, the U.S. Mint
announced that more than 140 million Americans were col-
lecting the state quarters.
his program clearly
demonstrated that
coin collecting interest
among the young could
be rekindled with issues
restoring the “thrill of
the hunt” with interest-
ing designs and subjects.
As the program ended,
the Mint attempted
to sustain it with the
Presidential Dollar Pro-
gram, which began in
2007 and ended in 2016.
Collecting presidents is
The coin album, such as this one housing Walking Liberty half dollars,
a compelling objective.
is a tool that can clearly deine a collecting pursuit.
However, since the dollar
coin is not widely used in circulation, this program failed to
capture the imagination of young collectors, and towards the
end of the program, the mint even stopped circulation issues,
as the inventory of dollar coins far exceeded the requirements
of commerce.
Young people remain interested in collecting. Trading cards
are widely collected. hese are oten distributed as a part of
other products consumed by the young or purchased inexpen-
sively. As a result, there is widespread interest and the ability
to share collecting with friends. he “thrill of the hunt” once
enjoyed by young coin collectors is preserved among those
collecting cards. Trading cards also oten contain interesting
graphics and topics.
In order for coin collecting to thrive, it will be necessary
to replace these lost factors with new ones. I am working on
a new book, tentatively entitled Collecting Coins in the 21st
Century, which will address this topic in great detail and
identify strategies to restore the enjoyment of coin collecting
to a new generation. Exclusive to COINage readers is my road
map, never published before, to the reinvigoration of coin
collecting.
Most important is the “thrill of the hunt,” as active participa- ize a substantial sense of gratiication in order to encourage
tion is essential to the growth of the hobby. Fortunately, there
56 COINAGEMAG.COM
are some new trends that ofer the opportunity to help grow
interest in coin collecting, foremost among them being the
internet. he internet allows collectors all over the world to
pursue their hobby without geographical limitation. Online
auctions and dealer inventories provide modern vehicles that
can be used to ind coins coupled with an enjoyable process
that will reward active participation. his also allows collectors
to deine more complex collecting objectives that they would
encounter in pocket change from their own country.
By expanding interest beyond the borders of the United
States, coupled with the access provided by the inventory, it is
possible to deine and
obtain coins at relatively
little expense. Objectives
can be deined based on
a wide variety of pos-
sible interests including
geographic, historical,
and thematic collections.
Euro coinage is a par-
ticular area of collecting
with many designs of
circulating coins issued
by many countries avail-
able at face value.
here is also an
answer to revival of the
gratiication of illing a
coin album. Clearly if you
have a coin worth thousands of dollars, you will want the
protection and grade guarantees that come with a slab. But for
coins worth less than a few hundred dollars, you may ind that
the enjoyment you receive by placing your uncertiied coins in
albums is worth more than the protection of guarantee of the
grade from certiication.
Coupling coin collecting with other historical collectibles
such as military memorabilia, paper money, and political
memorabilia and documents afords an opportunity to use
coin collecting as a part of a more comprehensive collection of
historical signiicance. For example, many are interested in the
Civil War and could combine a wide array of collectibles from
this period, both numismatic and other.
Minting techniques, designs, and coinage metals all have a
story to tell with respect to the time when the coins appeared.
Coin collecting is a means of capturing this history in a mean-
ingful way. hough some coins can be a good investment, the
success of coin collecting is dependent on the ability to inspire
collectors to deine collecting goals. here must be suicient
motivation to cause collectors to expend meaningful efort on
attaining these goals. Once achieved, the collector must real-
further pursuits in coin collecting.
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COINAGE
CONFIDENTIAL
I
n January of 2017 Beth Deisher was
asked by coin industry leaders to leave
retirement to lead an effort to combat
counterfeit coins entering the United
States. She is currently serving as direc-
tor of anti-counterfeiting and coordinates
the work of the all-volunteer 36-member
Anti-Counterfeiting Task Force, supported
entirely by donations and the 501-C-3 Anti-
Counterfeiting Educational Foundation.
The task force and the non-profit founda-
tion share the mission of educating law
enforcement authorities and policy makers
about the rising threat of counterfeiting,
mobilizing law enforcement to attack coun-
terfeiters where they are most vulnerable,
and provide expertise and other resources
in the investigation and prosecution of
counterfeiters and those involved at all
In October 1987, Deisher and Diane Wolf, right, a mem-
ber of the U.S. Commission of Fine Arts, presented
U.S. Treasurer Katherine Ortega with petitions from
collectors seeking new designs for circulating coins.
58 COINAGEMAG.COM
Beth Deisher
levels of their distribution networks. Their
mission also includes creating awareness of
counterfeits and educating the public about
the harmful effects of counterfeits in the
marketplace.
Deisher is one of coin collecting’s most
trusted authorities. She was editor of Coin
World for 27 years (1985-2012). She was also
the founding editor of three other numis-
matic magazines published by Amos Hobby
Publishing and is the author or senior editor
of 10 books in the numismatic field.
During her first year of retirement from
Coin World she wrote Cash In Your Coins
– Selling the Rare Coins You’ve Inherited.
Published by Whitman Books and now in its
second edition, Cash In Your Coins won top
awards from the Numismatic Literary Guild
and other national writing competitions.
Chris Hansen of Dateline NBC interviewed Deisher
for a segment on commemorative coin prolifera-
tion and abuses in August 1995.
In 2013 Deisher was inducted into the
Numismatic Hall of Fame. She is a Fellow
of the American Numismatic Society and a
member of its Board of Trustees. She holds
memberships in many state, regional, and
national numismatic organizations, includ-
ing the American Numismatic Association.
In 2010 she received the ANA’s highest
honor, the Farran Zerbe Memorial Award
for distinguished service in numismatics.
She was awarded the Numismatic Literary
Guild’s Clemy Award in 1995 and received
the Burnett Anderson Memorial Award
for journalistic excellence in 2006. In 2017
she received the Professional Numismatists
Guild’s Lifetime Achievement Award.
During her tenure as Coin World’s editor
she often served as a hobby spokesperson
for the general media, with interviews
in publications such as the Wall Street
Journal, New York Times, Washington Post,
USA Today, Los Angles Times, and Forbes
magazine. She was interviewed by NBC’s
Today Show, Dateline NBC, CBS News, ABC
News Tonight, FOX News, Ohio Educational
TV, National Public Radio, BBC Radio in
London, and dozens of local radio stations
in various parts of the United States.
Deisher has provided testimony as an
expert witness at five Congressional hearings.
In the late 1980s she testified before both
the Senate Banking Committee and House
Banking Coinage Subcommittee advocating
a change in designs for the nation’s circulat-
ing coinage. On July 12, 1995, she was the
lead witness to testify at a House subcom-
mittee hearing where she cited abuses in
the U.S. commemorative coin program and
was the irst to call for a circulating com-
memorative program. Legislation resulting
from that hearing led to reforms in the U.S.
commemorative coin program and also to
the 10-year 50 State Quarters® program.
In 2010 she testiied on needed changes in
the marketing of silver, gold, and platinum
bullion coins produced by the United
States Mint.
In 2001 Ohio Gov. Bob Tat appointed
Deisher to the 11-member Ohio State
Quarter Committee, which coordinated an
out-reach program that resulted in the pub-
lic submitting some 7,200 design ideas for
Ohio’s quarter. She also served on a special
committee appointed by the governor to
recommend the design that was selected for
use on Ohio’s 2003 Bicentennial medal.
Deisher has also provided leadership in
professional organizations such as Ohio
Professional Writers, which she served as
president from 2006 to 2008. hree times
during her 47-year membership in the
National Federation of Press Women she
has been recognized on the national level
as a Communicator of Achievement in
Ohio, the most recent being in 2009. She is a
47-year member of the Society of Profes-
sional Journalists and was one of the irst
two women invited to join the Tidewater
Virginia Chapter in 1971, when Sigma Delta
Chi opened its ranks to female journalists.
[Q&A]
Is the future of the rare coin marketplace
threatened by the proliferation of Chinese
counterfeit coins?
he increasing number of counterfeit coins
in the marketplace is a real threat to the mar-
ketplace and to the hobby in general. When
people unknowingly buy counterfeit coins
and/or precious metals bars, later attempt to
sell them, and are told that their coins or bars
are fake and worthless, they feel the sting of
being defrauded. heir conidence is shaken,
and they form a negative impression of the
coin marketplace. Many never buy coins or
precious metals bars again.
What is your favorite area of numismatics?
Actually, I have two favorites: Numismatic
literature and medals (historic and modern).
he hobby and science of numismatics has
a graying population, and very few young
people are entering the ield. What needs to
be done to expand and grow the hobby?
Most coin collectors become interested
in coins through forming collections from
circulating coins they carry in their pockets
and use every day. hen they expand into
earlier coinage. We need higher denomina-
tions to make our coinage system more
functional, which would lead to more people
using coins every day. For example, while
collectors love Lincoln cents, in practical-
ity what can you buy today for 1 cent? Our
lowest denomination coin is a throwaway for
the general public. hroughout U.S. history,
when a denomination’s practical use became
obsolete, it was dropped (half-cent and two-
cent coins). If the United States would use
rounding, with the 5-cent coin being the low-
est circulating denomination and add at least
a $2 coin to the mix, coins would become
relevant to the average person. In order to
stimulate use of the $1 coin, production of
the paper dollar must cease. Redesigning
the 5-cent and 10-cent coins, with already-
mandated new designs for the quarter, plus
circulating $1 and $2 coins would go a long
way in restoring use of coins and stimulating
interest in collecting, especially young people.
Cartoon characters and video games will not
cause children (or anyone else) to become
coin collectors.
What is the role of the American Numis-
matic Association, and what could it do to
help expand the hobby? Do ANA politics
help or hurt the hobby?
he American Numismatic Association
plays a special role in that it is a federally
chartered non-proit organization charged
with encouraging people to learn about
and collect money and related items. ANA
provides many excellent resources, such as
its money museum, monthly magazine (he
Numismatist), its annual Summer Seminar, a
resource-packed website, and two major coin
shows each year that provide outreach to
the general public and serve the numismatic

Support the Anti-Counterfeiting Task Force

Deisher, left, was the lead witness at the July 12, 1995,
congressional hearing that led to legislation to curb
abuses in the commemorative coin market and to the
creation of the 50 State Quarters® Program. Also tes-
tifying were, from left after Deisher, Alan Stahl, Harvey
Stack, David Ganz, and Philip Diehl.
The Anti-Counterfeiting Task Force is funded entirely by dona-
tions. To support the task force’s work, your tax-deductible dona-
tion may be made to the 501-C-3 non-profit Anti-Counterfeiting
Educational Foundation, P.O. Box 903, Sylvania, OH 43560 or
online at acefonline.org The task force and the foundation share
the mission of educating law enforcement authorities and policy
makers about the rising threat of counterfeiting, mobilizing law
enforcement to attack counterfeiters where they are most vulner-
able, and provide expertise and other resources in the investiga-
tion and prosecution of counterfeiters and those involved at all
levels of their distribution networks. Their mission also includes
creating awareness of counterfeits and educating the public about
the harmful effects of counterfeits in the marketplace.
COINAGE JANUARY 59
community. he ANA needs to expand its
educational programs and ofer them region-
ally in order to reach more people with
hands-on education. Politics is a factor in
most organizations. he danger is in allowing
politics to overshadow the good work the
organization is doing.
What is the future of coin shows and
conventions? What makes the FUN show so
perennially successful, while other shows are
on the verge of obsolescence?
he rise of the internet does not neces-
sarily spell the doom of coin shows. People
spend time and money on their leisure-time
interests. For example, fans follow their
favorite sports teams on all levels – local,
college, and professional. he costs of
attending games and associated sports events
continues to rise. You have to have engaged
and devoted people who give their interests
or hobby, and to some extent investments, a
priority in their lives. hey also have to have
enough money to support their interests. he
highly successful Florida United Numisma-
tists show ofers opportunities to buy and
sell collectibles in a friendly and inviting
environment plus education and exposure to
new collecting opportunities. he FUN show
is also located in a desirable climate and has
a large supportive base of collectors within
driving distance. Also, it helps to be near
an international airport to make travel easy
from distant states and countries.
How would a cashless world afect coin and
banknote collecting?
I’m not convinced the world will be entirely
cashless for decades to come. Collecting
money in various forms is rooted in a desire
to understand history and nostalgia for the
past. If the world were entirely cashless, there
would still be those interested in how people
used to live, work, and engage economically.
For example, coins of the ancient Greeks and
Romans are not used in commerce today, but
they are avidly collected, studied, researched,
and written about.
What motivated you to become a key igure
in exploring issues relating to counterfeit
coins in the U.S.?
I became aware of problems related to mod-
ern counterfeits of U.S. coins through reader
60 COINAGEMAG.COM
Beth Deisher learned to love the legislative process in 1973
when she was assigned to cover bills afecting education
in the Virginia legislature.
complaints to Coin World in 2007. We decided
to launch an investigation and became aware
that the guide at the New York Times’s web
site, Aboutcoins.com, had also begun to
investigate. We made contact and decided to
pool our resources and share information,
which culminated in a three-part series
published in Coin World in December of
2008. he series revealed that there were at
least 100 counterfeiting operations in China
producing fakes of U.S. coins of various
levels of deceptiveness. hey were all using
the internet – primarily eBay at the time –
to penetrate the U.S. coin market.
Does our hobby and industry understand
the implications of buying and selling coun-
terfeit coins?
While most dealers and collectors know that
counterfeiting of U.S. coins and paper money
is against the law, it is unclear whether they
fully comprehend the relevancy and impact of
U.S. laws relating to counterfeiting.
Is it your understanding that it is not legal
in the U.S. to buy or sell a counterfeit coin?
U.S. Code, Title 18, Part I, Chapter 25,
Sections 485 through 492 clearly state that
it is illegal to knowingly possess, buy, or sell
counterfeits of U.S. coins and paper money.
Further, it states that all counterfeits are to be
turned over to the U.S. Secret Service. here
are no provisions in the law for anyone or
any entity to hold counterfeit coins or paper
money in collections for any purpose.
Is it your understanding that it is not legal
in the U.S. for a grading service to return
a coin to the submitter that it reasonably
believes to be counterfeit?
No. Grading services are not law enforce-
ment agencies. A grading service renders a
professional opinion and returns the item to
the owner with a written statement advising
it believes the submitted item is not genuine.
It is similar to a coin dealer being ofered a
coin or bank note, which upon inspection
the dealer concludes is counterfeit. he dealer
should advise the owner of his opinion and
should not purchase the coin. Neither coin
dealers nor grading services have any author-
ity to “coniscate” any counterfeit coin, bar,
or bank note. hey should, however, advise
the owner to turn the counterfeit over to U.S.
Secret Service. If the Secret Service is not
readily available, the counterfeit should be
turned over to local police, who will forward
to the Secret Service.
What is the position of the U.S. Secret
Service on the issue of counterfeit coins sales?
I do not speak on behalf of nor do I
represent the U.S. Secret Service. he
Anti-Counterfeiting Task Force has worked
closely with the Secret Service and other
federal law enforcement agencies during
the past two years. While in the past the
Secret Service has focused almost exclusively
on counterfeits of U.S. paper money, it is
now aware of and pursuing cases of coin
counterfeiting. he Secret Service enforces

The Professional Numismatists Guild honored Deisher with its Lifetime
Achievement Award. Presenting the award in August 2017 were PNG Ex-
ecutive Director Robert Brueggeman, left, and President Barry Suppler.
the federal criminal laws contained in U.S.
Code, Title 18, Part I, Chapter 25, Sections
485 through 492 that state it is illegal to
knowingly possess, buy, or sell counterfeits of
U.S. coins and paper money.
How prevalent are Chinese counterfeits
of U.S. coins?
It is diicult to state or even speculate a
speciic number. However, we do have some
evidence to suggest counterfeiting is perva-
sive and growing. For example, one case with
which the Anti-Counterfeiting Task Force
assisted in the past year revealed that if the
coins and precious metals bars coniscated
during the investigation had been genuine,
the current market value would be more
than $48 million. hat’s just one guy. How
many more people in the United States are
engaged in selling counterfeits at that level?
he task force has assisted with more than
two dozen cases, with most ranging at $1
million to $5 million level of fraud. hose are
the counterfeits that made it into the United
States. he task force also assists the U.S.
Customs and Border Protection Service, and
during the last two years CBP has intercept-
ed and prevented literally tons of counterfeit
coins from entering the United States.
Which Chinese counterfeits of U.S. coins
pose the most dangers to buyers?
he Anti-Counterfeiting Task Force has
seen counterfeits of every U.S. coin series.
he task force conducted a survey of U.S.
coin dealers in June of 2018. Among collect-
ible classic U.S. coins, Morgan silver dollars
at 71.7 percent led the list of most frequently
encountered counterfeits, followed by Trade
dollars, 66.6 percent; Seated Liberty dollars,
48.6 percent; Lincoln cents, 35.9 percent;
Peace dollars, 33.1 percent; and Early Ameri-
can copper large cents and half cents, 29.7
percent. Among pre-1933 gold U.S. coins, 42.
1 percent of the dealer respondents reported
counterfeits of the $2.50 gold coin are the
most frequently encountered, followed by
fakes of $5 gold, 36.2 percent; $20 gold, 33.4
percent; $1 gold, 33.1 percent; and $10 gold,
27.6 percent. Some 43.3 percent of U.S. coin
dealer respondents to the survey reported
customers seeking to sell them counter-
feit silver American Eagle bullion coins.
Similarly, 41.2 percent reported customers
trying to sell them fake gold American Eagle
bullion coins. he most frequently encoun-
tered fake foreign gold bullion coins include
the South African gold Kruggerand at 30.4
percent, the Canadian gold Maple Leaf at
24.2 percent, and Mexican gold 50 pesos at
20.1 percent.
Does the United States Mint help or hurt
the rare coin marketplace?
he U.S. States Mint is the manufacturer
and only source of newly minted United
States coins. herefore, it is an essential
part of the coin marketplace. he most
frequently encountered problems are when
the Mint limits or loods the market with
its products, particularly those with special
inishes or unique qualities produced for
the collector market. Also, the U.S. Mint has
been unduly slow to use modern technol-
ogy to protect U.S. coins from counterfeit-
ing, particularly its bullion coins.
What would be the impact on existing
grading services and the market if the U.S.
Mint were to ofer an option to buy the
coins it sells certiied with grades assigned
by skilled Mint graders?
he U.S. Mint has no reason to be in the
grading business. Virtually all of the coins it
produces should be in the high Mint State
or Proof ranges and they are, by deinition,
genuine. Grading is a business serving the
secondary coin market. he U.S. Mint is a
manufacturer and sells some of its numis-
matic products directly to the public. It does
not make two-way markets in coins once
they enter the secondary market. Unless and
until it is a secondary market-maker, the
U.S. Mint has no reason to be the owner of
a grading service. I am not aware of anyone
at the U.S. Mint possessing the knowledge
or skill to grade coins. And I doubt congres-
sional committees with oversight responsi-
bility for the U.S. Mint would be inclined to
look favorably upon a government agency
competing with the secondary market in
such a manner.
What is the future of print media?
Specialized or “vertical” print publications
have a greater potential for longevity than
daily publications. Daily print publications
simply cannot compete efectively with
the 24-hour news cycle. Larger daily print
publications have survived by ofering robust
websites to complement their print editions.
Specialized print publications, such as those
serving the numismatic community, have a
greater shelf life and have an older subscriber
demographic who still prefer holding and
reading their publications, even though they
also have access to a digital version and
websites specializing in numismatic coverage.
Many also collect the print versions. Print
publications have potential as long as they
are providing their readers with relevant and
interesting information. Publications lose
value when they lose sight of their customers
– readers who are collectors.
COINAGE JANUARY 61
TAKE NOTE

NEW RESOURCE
Peer-reviewed Journal Launched
The inaugural edition of the International
Journal of Classical Numismatic Studies is now
available. KOINON is a journal that seeks to
encourage contributions to the study of classical
numismatics from a wide variety of perspectives.
The editors will consider well researched papers
concerning “iconography, die studies, provenance
research, forgery analysis, translations of excerpts
from antiquarian works, specialized bibliographies,
corpora of rare varieties and types, ethical ques-
tions on laws and collecting, book reviews, etc.” A silver denarius issued between AD 222 and
235 with a draped bust Julia Mamaea, who
All papers will go through a process of peer
was a Syrian noble and the mother of Roman
review organized by the general editor. However, Emperor Alexander Severus
any author writing in a language other than English
must have the paper read by an approved inde-
pendent reader, unless a member of the KOINON
editorial advisory board is competent in both the
language and subject matter. The editorial advisory
board includes members from across the globe,
with a broad range of expertise in virtually all the
major categories of classical numismatics from
archaic Greek coinage to late Medieval coinage.
For more information, visit
www.archaeopress.com and www.academia.
edu/37587354/KOINON_I_Inaugural_
Edition_Open_Access_Sampler Ancient Roman coin.

SAFE AND [STARKVILLE, MISSISSIPPI] A collection of “antique” money dating back to before
the Civil War was re-discovered in a closed office safe at Mississippi State University.

SECURE
Kathleen Thomas, head of Mississippi State’s Department of Finance and Econom-
ics, found the collection that offered unique insight into Mississippi’s economy of the
19th and 20th centuries.
Mississippi Money In the 1970s, the money was gathered by College of Business faculty, to create a
Available for Research display on economic history. Thomas and the College of Business donated the re-
discovered money to MSU Libraries. The money will be stored at Mitchell Memorial
Library and made available to the public for research purposes.
“MSU Libraries is most fortunate to receive this excellent collection of coins and
bills from this particular area of history,” Dean of Libraries Frances Coleman said.
“Each item appears to be representative of some specific event of that particular time.
Students, researchers and historians will greatly benefit from this gift provided by the
College of Business and Dr. Verrall.”

62 COINAGEMAG.COM
STAFF ADDITIONS
“Familiar” Experts Join CNG
[LANCASTER, PENNSYLVANIA] Clas-
sical Numismatic Group, LLC of Lancaster,
Pennsylvania and London, England, wel-
come Paul Hill and Caroline Holmes to the
irm. Paul and Caroline will be based out
of CNG’s London oice and will work with
customers and consignors to secure, catalog
and process coins.
Eric McFadden, senior director in London,
said, “Caroline and Paul will already be
familiar faces to many of our clients who
have had dealings with Spink, Baldwin’s, or
Sovereign Rarities over the years. Paul and
Caroline are both not only top level profes-
sionals but also a pleasure to work with, and
we are delighted that they will be joining us
in the London oice.”
Mike Gasvoda, managing director of
CNG, LLC, added, “he addition of Paul and
Caroline brings us ever closer to the vision
we have for the transition to allow Eric and
Victor (England) to work almost exclusively
with customers and consignors.”
Paul Hill has 20 years’ experience as a
professional numismatist and specializes
in classical coins from the ancient Greek,
By late 1978, Verrall and
former dean Gaines M.
Rogers had established
the “Currency and Coin
Museum” in McCool Hall.
“It became obvious to me
that Mississippi had a rich
history in money,” Verrall
said. “In 1850, Mississippi’s
economy was roaring,
but it was limited by the amount of gold, silver and copper coins
that were available. Banks and railroads began to issue their own
money. I igured somebody ought to assemble a representation of
early paper money in Mississippi. I wanted to gather that history,
Roman and Byzantine periods and their
related ields. He has managed the ancient
coin departments at both Spink & Son and
A.H. Baldwin & Sons, buying and selling
coins, and producing catalog descriptions for Caroline Holmes Paul Hill
ixed price lists and auction catalogs.
He also was responsible for securing and
cataloging the legendary Prospero Collec-
tion, which established the world record
price of $3,802,500 for an ancient coin.
Caroline Holmes has been in the business
for 15 years and specializes in numismatic
books and literature. She started her career
in the coin department of Spink & Son,
and while there made the transition to the
numismatic book department. She then went
on to join A. H. Baldwin & Sons to launch
a book department. During her time there,
she contributed to their regularly issued ixed
price lists and developed a comprehensive
stock of both second hand and antiquarian
numismatic titles.
Caroline was responsible for the sale of
the Prospero Library relating to ancient
Greek coins. She also cataloged the Ratto Copy of the auction catalog of
Family Library for auction. The Prospero Collection
if we could.”
he Mississippi-based
currency includes examples
from before, during and ater
the Civil War, as well as the
Great Depression. he col-
lection was amassed through
donations and acquisitions
by the College of Business.
Once the collection was
established, it was put on display in McCool Hall for several years
before eventually being stored in the safe.
It will once again be visible and available to the public at the
Mitchell Memorial Library.
COINAGE JANUARY 63

Below are some of our newer purchases, offered for sale. Log on to www.coastcoin.com to see
full descriptions and photos of these coins plus our complete inventory of U.S. coins & currency!
Half Cent ––––––––––––––––––––––––
1806. PCGS. MS-63. BN. CAC. Large 6,
Stems. Pristine surfaces.. . . . . $3695.00
Indian Head Cents ––––––––––––––––
1870. PCGS. MS-65. RD. . . . . . $4750.00
1887. PCGS. MS-66. RD. . . . . . $5950.00
Lincoln Cents –––––––––––––––––––––
1909-S VDB. PCGS. MS-66. RB. $5195.00
1913. PCGS. PR-66. RD. . . . . . $3295.00
1914-D. PCGS. MS-65. RB. CAC. A beau-
tiful example of this rare date w/clean
shimmering surfaces. Nice! . . $9250.00
Nickel Three-Cent Piece ––––––––––––
1877. PCGS. PR-65. CAM. CAC. $4295.00
Buffalo Nickels –––––––––––––––––––
1914/3. PCGS. MS-64. . . . . . . . $9250.00
1916. PCGS. PR-67. CAC. . . . $10495.00
1924-D. PCGS. MS-65. . . . . . . $3950.00
1926-S. PCGS. MS-63. The key. $9995.00
1927-D. PCGS. MS-65. . . . . . . $3895.00
Bust Half Dime –––––––––––––––––––––
1796. PCGS. F-15. LIKERTY variety.
In an early PCGS holder. . . . . $4250.00
Bust Dime –––––––––––––––––––––––
1798/7. PCGS. VF-35. 16 Stars Rev. In an
old ‘green label’ holder.. . . . . $3995.00
Seated Liberty Dime ––––––––––––––
1867. PCGS. MS-66. . . . . . . . . $4695.00
Barber Dime ––––––––––––––––––––––
1899-O. NGC. MS-67. STAR.. . $9750.00
Mercury Dimes –––––––––––––––––––
1916-D. NGC. VF-20.. . . . . . . . $3595.00
1916-D. PCGS. MS-61. . . . . . $11999.00
1919-D. PCGS. MS-66. Satiny. . $3495.00
1942/1-D. PCGS. MS-65. FB. CAC. Scream-
ing white luster seems to jump off this
outstanding coin!. . . . . . . . . $32250.00
Twenty Cent Piece –––––––––––––––––
1876. NGC. MS-66+. Nice! . . $13750.00
COMPANY POLICY
• Add $5.00 postage & handling to all orders under $500.
Free shipping on orders of $500 or more.
• All items unconditionally guaranteed genuine.
• Full 14 day return privilege from day you receive your items except
for bullion orders which may not be returned for a refund.
• Any single coin removed from its holder will be considered sold.
• Maryland Residents add 6% sales tax on orders under $1000.
• All prices subject to change.
Order Toll Free 1-800-638-8869 • www.coastcoin.com
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Always Buying & Selling!
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
As you can see from our ads; we offer a diverse selection of quality rare U.S.
coins & currency. It’s a struggle to come up with a continual supply of material
and, to that end, we are always strong buyers. If you have numismatic material
to sell, please give us a call. We are fast, confidential, and willing to travel to
buy deals.
Call us Toll Free at
1-800-638-8869
Seated Liberty Quarters ––––––––––––
1863. NGC. MS-65. Flashy. . . . $4495.00
1868. PCGS. MS-64.. . . . . . . . . $4995.00
Barber Quarter –––––––––––––––––––
1908-S. PCGS. MS-65. . . . . . . . $3450.00
Standing Liberty Quarter –––––––––––
1923-S. NGC. MS-66+. FH. Blast white
frosty luster flows across sharply struck
surfaces. Truly scarce. . . . . . $21250.00
Bust Half Dollar –––––––––––––––––––
1795. PCGS. VF-35. O-108a. 2 Leaves.
Well detailed. . . . . . . . . . . . . $4995.00
Barber Half Dollars ––––––––––––––––
1896-S. PCGS. MS-63. . . . . . . . $3595.00
1903. NGC. PF-67.. . . . . . . . . . $4995.00
1913-D. PCGS. MS-65. CAC. . . $3750.00
Walking Liberty Half Dollars –––––––
1920. PCGS. MS-65. . . . . . . . . $3495.00
1923-S. PCGS. MS-64+. CAC. . $8995.00
Bust Dollar –––––––––––––––––––––––
1802/1. PCGS. XF-40. Wide Date.
A very clear over-date variety. $4275.00
Seated Liberty Dollars –––––––––––––
1845. PCGS. MS-62+. . . . . . . $19500.00
1847. PCGS. MS-63. Vibrant luster.
In an early PCGS holder. . . . . $4225.00
1852. PCGS. PR-63. Restrike. Very nice
example with deep mirrored fields.
Both sides are very flashy . . $36995.00
1855. PCGS. XF-45. Lustrous. . $5995.00
Morgan Dollars –––––––––––––––––––
1879. PCGS. MS-66+. . . . . . . . $3495.00
1879-CC. PCGS. MS-63. . . . . . $7495.00
Visa, MasterCard, Discover,
American Express, checks
and money orders accepted
1879-O. PCGS. MS-65. CAC.. . $4950.00
1885-CC. PCGS. MS-66+. PL. . $4565.00
1886-O. PCGS. MS-64+. CAC. Blast
white luster. High-end mint state pieces
are extremely elusive. . . . . . $27500.00
1887-O. PCGS. MS-65+. CAC. $4995.00
1889-CC. PCGS. AU-58. CAC. $21495.00
1889-CC. PCGS. XF-45. CAC. . $4495.00
1890-CC. PCGS. MS-65+. CAC. $9750.00
1893. PCGS. MS-65+. CAC.. . $12500.00
1893-O. PCGS. MS-62. Flashy. $4689.00
1894. NGC. MS-61. CAC. . . . . $3995.00
1897-O. PCGS. MS-63. . . . . . . $4650.00
1901. PCGS. MS-62. Brilliant. . $4995.00
Peace Dollars –––––––––––––––––––––
1934-D. PCGS. MS-66. . . . . . . $3750.00
Early Silver Commemorative –––––––
1927 Vermont. PCGS. MS-67. . $3595.00
Early Gold Commemorative –––––––––
1903 La. Purchase - McKinley $1. PCGS.
MS-67+. CAC. Blazing luster. $7795.00
United States Gold Coins ––––––––––
1860-S $1. PCGS. MS-62. . . . . $3895.00
1861 $1. NGC. PR-65. CAM.. $18950.00
1843-D $2.5. NGC. AU-58.. . . $4625.00
1877 $2.5. PCGS. AU-58. CAC. $2995.00
1911-D $2.5. PCGS. MS-63. Strong D.
Very sharply struck w/the mint-mark
being particularly bold. . . . . $11995.00
1863 $3. PCGS. MS-62. CAC. $11750.00
1867 $3. PCGS. MS-62. . . . . . . $9495.00
1872 $3. NGC. MS-61. . . . . . . $5595.00
1872 $3. PCGS. AU-55. CAC. . $3495.00
1878 $3. PCGS. MS-65. . . . . . . $8999.00
1800 $5. PCGS. AU-55. . . . . . $12500.00
COAST to COAST COINS and Currency
A Division of Rare Coin Services, Inc.
9365 Gerwig Lane, Dept CA • Columbia, MD 21046
Toll Free 1-800-638-8869 • Local 410-309-1622 • Fax 410-309-1626
Office Hours Monday thru Friday 9 am - 5 pm EST
1852-D $5. NGC. AU-58. . . . . $5875.00
1854-D $5. PCGS. AU-55. CAC. Large D.
Bold detail & lustrous. . . . . . . $4995.00
1861 $5. PCGS. MS-62. CAC. . $2995.00
1870-CC $5. PCGS. F-15. . . . $18950.00
1874-CC $5. PCGS. AU-58. CAC.
Flashy mint luster. . . . . . . . . $33500.00
1909-S $5. NGC. MS-61. CAC. $3395.00
1913-S $5. PCGS. MS-63. . . . $12500.00
1915-S $5. NGC. MS-61. . . . . . $3575.00
1848 $10. PCGS. MS-61 . . . . $10495.00
1903-O $10. NGC. MS-63. CAC. $2995.00
1908-S $10. NGC. MS-61.. . . . $4825.00
1910-S $10. PCGS. MS-64. . . $10495.00
1851 $20. PCGS. AU-58+.. . . . $4995.00
1882-CC $20. PCGS. AU-58.. . $9750.00
1907 $20. NGC. MS-62. St. Gaudens.
High Relief. Roman Numerals. Wire
Rim. Very nice surfaces. . . . $17500.00
1910-S $20. PCGS. MS-65. . . . $4995.00
U.S. Patterns –––––––––––––––––––––––
1870. Dollar. PCGS. PR-64. RB. J-998.
CAC. R-7. William Barber’s Seated
Liberty design obv. Struck in copper
with a reeded edge.. . . . . . . . $9750.00
1870. Quarter. PCGS. PR-66. CAM. J-900.
CAC. Struck in silver with a reeded
edge. Bust of Liberty with LIBERTY on
headband. Very high-end. . . . $4225.00
1874. Twenty Dollar. PCGS. PR-62. BN.
J-1381. R-8. Regular die trail for the
1874 $20 Liberty. Struck in copper
with a reeded edge. .. . . . . . $18750.00
Private Mint Gold ––––––––––––––––––
(1834-37). NGC. MS-60. C. Bechtler
$5 Georgia Gold. K-17. 140 Grains.
20 Carats. Rutherford. Plain Edge. R-5.
Semi proof-like surfaces. . . . $19950.00
Hawaiian Coin ––––––––––––––––––––––
1883. Half Dollar. PCGS. MS-64. $2695.00