Happy New Year and welcome to 2015!
Thank you to all of the people - visitors and dealers, both - who came to the first Greater Atlanta Coin Show of the new year.
The show's bourse enjoyed several visiting dealers this month and lots of visitors came to browse the various displays.
An especial thank you goes out to all of the people that braved the early morning thunderstorms accompanied by downpours. Some people drove in the storm; others drove through the aftermath and saw many accidents.
Later in the day, metro Atlanta's fickle weather produced weak sunshine for the visitors to enjoy on their journey out and about.
Being early January, several people on the bourse talked about going to the F.U.N. show in Orlando later in the week. Several of the dealers attend the annual, almost-week-long event.
Once again, the sports memorabilia show set up in the space adjacent to the coin show. This month, they had a Braves pitcher signing autographs for part of the day.
As for the coin show's visitors, lots of people looked for foreign coins, foreign paper and old silver dollars, mostly of the Morgan variety.
Let's look at a small sampling of the coins on the bourse this month, and we'll start with Morgan dollars.
The first was an 1886 New Orleans Morgan silver dollar certified by NGC as a MS-64 coin.
Per the ANA Grading Standards, they define MS-64 as:
Has at least average luster and strike for the type. Several small contact marks in groups, as well as one or two moderately heavy marks may be present. One or two small patches of hairlines may show. Noticeable light scuff marks or defects might be seen within the design or in the field. Overall quality is attractive, with a pleasing eye appeal. If copper, the coin may be slightly dull. Color should be designated.
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Coin Show - Monthly Notes from January 2015
Have you noticed that on the Trade Dollar's reverse design, the eagle holds the arrows in its right talons and the olive branch in its left?
That is, of course, opposite the way the eagle holds the objects in the United States seal (just look at the back of a Kennedy half dollar).
The last example coin for this show is the 1884 half dollar graded by PCGS as a MS-63+ with a CAC (Certified Acceptance Corporation) sticker.
The Philadelphia mint produced just over 5000 of the 1884 Liberty Seated half dollars.
This year of the silver half dollar had the motto on a ribbon above the eagle but did not have the arrows on either side of the date.
Contact marks: May have light scattered marks, a few may be in prime focal areas. Hairlines: may have a few scattered or a small patch in secondary areas. Luster: Average, fully original. Eye Appeal: Pleasing.
The 1886-O Morgan silver dollar had a mintage just over 10.7 million coins with values ranging from the low $30s to the mid $100,000s depending on the coin's grade, from VG to MS-65 and its overall appeal to the collector.
The next dollar coin, another Morgan, was an 1894 graded by NGC as MS-64.
For this coin, the mintage was just over 110,000. The Red Book cautions against fakes or altered mint marks.
This coin's value ranges from the mid $700s to the low to mid $30,000s for VG to MS-65 specimens.
Another Morgan, this time graded by PCGS as a MS-64, was an 1894 New Orleans minted coin.
The New Orleans mint struck just over 1.7 million of the Morgans in 1894. Today, its value ranges from the upper $30s to the upper $50,000s in grades from VG to MS-65.
The next dollar seen on the bourse was a Peace dollar from the 1934 San Francisco mint.
The mintage for the 1934-S Peace dollar was just over one million coins.
Currently, this Peace dollar has a value from the upper $30s for VG to the low $8000s for the MS-65 versions. Higher grades can command values well into the five-digit range.
The next dollar on the bourse was an earlier dollar, called a Trade Dollar. NGC graded this coin as a Proof 63 Cameo.
Per the ANA Grading Standards, a PF-63 coin has the following characteristics:
Mirrored (or other Proof style) fields may be slightly impaired. Numerous small contact marks, and a few scattered heavy marks, may be seen. Hairlines are light but extensive and are visible without magnification. Several detracting scuff marks or defects may be present through out the design or in the fields. The general quality is about average, but overall the coin is rather attractive. Copper pieces may be darkened or dull. Color should be designated. Most copper Proofs at the PF-63 level have problems. Careful study is advised.
Contact Marks: May have distracting marks in prime focal areas. Hairlines: Will have extensive but light hairlines. Fields: May be original or slightly impaired. Eye Appeal: Rather attractive for silver and gold issues, not necessarily for copper and nickel coins.
Those were just a few examples of the many numismatic items that can be found on the bourse each month.
Next month, the second monthly coin show of 2015 will be filled with dealers and their numismatics from a wide variety of coins, currency and bullion including domestic and foreign, ancient to modern, historic and legal tender.
Mark your calendars for the next Greater Atlanta Coin Show on Sunday, February 8, 2015 in the Joe Mack Wilson ballroom.