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Next Monthly Coin Show
Coin Show - Monthly Notes for January 2022
Mark your calendar and join us at the next show on Sunday, February 13, 2022 in the Joe Mack Wilson ballroom.
The day before Valentine's Day, this will be a great time to join the group at the coin show and view the many displays.
There will be coins, currency, bullion, exonumia, scripophily, semi-precious stones, jewelry and other interesting items in the dealers' showcases.
Doors open at 9am for guests to visit the bourse for buying, selling, trading or just looking at the different collectible and historical items in the dealers' displays.
In the event circumstances impact the show, check with this web site, the recorded show message (770-772-4359) or join our mailing list to receive information about the shows.
Make a reminder note and visit the next Greater Atlanta Coin Show on Sunday, February 13, 2022 in the Joe Mack Wilson ballroom to join the fun and view the items on the bourse.
The January 2022 Greater Atlanta Coin Show welcomed guests to a bourse filled with numismatic treasures on a day of mixed weather including rain, sunshine and blowing rain.
The bourse, though, was a pleasant place to spend a few hours among the many coins, bullion, currency and other collectible items in the dealers' showcases.
Due to an availability conflict at the hotel, our January coin show happened to fall on the last day of the FUN (Florida United Numismatists) show in Orlando.
Some of our regular dealers participated in FUN giving us the opportunity to have some new dealers set up in their space on the bourse.
We welcome and thank the new dealers and our regular dealers for joining the coin show and bringing their many treasures of coins, currency, bullion and other collectibles to fill displays for guests to browse, buy, sell and trade.
Of course, we appreciate the many visitors who spend a few hours with the people and the treasures at the show.
Last, but not least, we always appreciate our security and the hotel's staff for helping produce the show each month.
In January, people brought items to be appraised - some brought just one while others brought larger collections.
One gentleman brought an 1852 gold dollar. First, he wanted to know if the coin was real, then he wanted to know its current value.
Unfortunately, his suspicion about the coin's authenticity was correct. The coin was fake. Hopefully, he will be able to return it to where it was purchased for a full refund.
Some people came to the show looking for currency while others looked for gold and platinum items to purchase.
Still others looked for particular old and rare coins to add to or upgrade their existing collections.
The coin show offers many different opportunities for collectors, investors or just the curious.
Now, let's take a look at just a few coin displays.
1891 S Silver Quarter Coin
Our first coin is an 1891 Liberty Seated Silver Quarter minted in San Francisco.
The US Mint produced the Liberty Seated Quarter beginning in 1838 and ending in 1891.
The San Francisco location did not strike the Liberty Seated Silver Quarter every year.
They began their production in 1855 and skipped a few years throughout the life of the coin's manufacture.
In 1891, the coin's last year, Philadelphia, New Orleans and San Francisco were the only mint locations to strike the Liberty Seated Silver Quarter coin.
Philadelphia struck over 3.9 million, New Orleans struck 68,000 and San Francisco struck over 2.2 million of the coins.
Christian Gobrecht designed both the obverse and reverse of the Liberty Seated coin.
This particular coin grades as MS 63 per NGC (Numismatic Guaranty Corporation.
Per NGC's comments, "Well worn examples are common, while Mint State and lightly worn pieces are more elusive. A fair number of MS survivors have been certified, including a few gems. Like most S-Mint coins of the 1890s, this issue is sometimes found prooflike."
NGC has graded 33 of these coins as MS 63 and graded 73 in higher grades with the highest being MS 66.
The current values for this 130+ year old coin range from dollars in the teens at the lowest grades to five-digit dollars at the high end grades.
At MS 63, this coin nicely displays the beauty and rarity of the Liberty Seated Silver Quarter.
1893 S Silver Dollar Coin
However, let's look at one expert's comments from the PCGS web site:
"The 1893-S is the true "King" of the Morgan dollar series. The PCGS CoinFacts Board of experts estimated survival number for all grades is 9948. Dave Bowers has estimated that 6000 to 12,000 survive and I think those numbers are probably accurate. There are probably as many as 10,000 1893-S dollars in all grades.
"In Mint State condition, the 1893-S is absolutely the rarest Morgan dollar. And in Gem MS65 or better it's a super rare coin. CoinFacts survival estimate is 123 Mint State survivors and 18 MS65 or better survivors. I believe that MS65ob number is way too high. I think there may very well be 100 or so MS60ob survivors, but no way is there 18 Gems. I believe the true number of MS65 or better examples is probably 6 to 7 coins.
"The finest known example is the fabulous Jack Lee MS67, recently sold for over a million dollars. There are 5 or 6 others that have or would grade MS65 at PCGS. Over the years I have handled several Gems, but if there were truly more than 10 MS65ob coins then they would appear much more often than they do.
Our next coin is an 1893 Morgan Silver Dollar Coin struck in San Francisco.
Many people enjoy the Morgan Silver Dollar. Some collect the coins in grades while others collect it as a silver investment.
This particular coin graded by PCGS (Professional Coin Grading Services) as F12 seems to be a low grade.
"Note that this is one Morgan that is virtually unknown in prooflike condition.
"Note that there are many counterfeits, usually made by adding an 'S' to a 1893 Philadelphia. So authentication is highly recommended."
The original mintage for the Morgan Dollar at the San Francisco mint was just 100,000 coins.
Per these comments only ten percent have survived through the years with only a few of those in Mint State (MS) condition.
That makes this F12 graded coin a nice specimen of a rare year and mint.
1912 Five Cent Coin
Our last coin for this month is a 1912 Liberty Head Five Cent Coin graded as PR 67+ with a green CAC sticker.
The US Mint produced the Liberty Head Five Cent Coin beginning in 1883 and ending in 1913.
However, quantity production ended in 1912 with only five known to exist from 1913.
The Philadelphia mint location struck all of the proof coins and the majority of the circulation coins with Denver and San Francisco striking a portion of the 1912 coins.
Philadelphia struck 2,145 proof Liberty Head Five Cent Coins in 1912. Of those, PCGS estimates roughly 1700 across all grades have survived.
To date, PCGS had graded eleven of the proof coins as PR 67+ with only two graded higher at PR 68.
The addition of the CAC sticker means this coin has been verified as meeting the standard for strict quality within its grade.
At such a high grade, this coin certainly displays the beauty of the design and the US Mint's proof process of 110 years ago.