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Coin Show

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Wow...what a great turnout for the July 2018 Greater Atlanta Coin Show.

Welcome and thank you to all who joined us - the visitors, the dealers, the security and the hotel's staff. Each of you played a part in making this a great show.

As is normal for the summer months, we had several visiting dealers fill in for dealers with schedule conflicts - welcome, we hope you had a good show.

During this summer of Florida weather, that is, almost daily showers or thunderstorms, the local weather forecasted scattered storms for our Sunday show.

Actually, their prediction did happen, but not until late evening, long after the show closed.
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As for the day, the weather stayed warm to hot and mostly sunny. In other words, a great day to be inside at a coin show.

In the hotel's hallways, this month, we saw young ladies in softball uniforms. No, we're not going to guess at the age of the ladies, but it did appear they were participating in a nearby tournament.

Additionally, we saw quite a number of four-legged companions in the hallways, though we did not see evidence of a dog show. Perhaps the dogs joined their people on vacation trips.

Several attendees commented on the road work on I-75 that impacted their trip to the coin show.

Unfortunately, with the heavy volume of traffic during the week, the weekend is the best time for the construction crews to perform work that closes some of the roads.

They are working on the new Peach Pass HOV lanes that should open later this year.

In the meantime for the next couple of shows, finding an alternative route may be helpful in avoiding weekend construction delays.

Now, let's take a quick look at a few items at this month's coin show.

In Memoriam

In Memoriam Joe Flanagan and Lewis Revels, Jr.
Though not coins, we want to remember and honor both of these gentlemen, who spent a lot of time with the art of coin collecting.

Long-time attendees of the Greater Atlanta Coin Show may remember the gentleman on the left, Mr. Joe Flanagan.

For several years he was a fixture at the show with his many displays of interesting cents and other coins.

He also enjoyed working with children visiting the show and piquing their interest in numismatics.
The gentleman on the right, Mr. Lewis Revels, Jr., was not a dealer at the show, but many in the area knew him from his business, Chattanooga Coin Company.

Well-known among the dealer community and the collector market, Mr. Revels had his coin business near Rossville, Georgia, just outside Chattanooga, for a long time.

Lots of people shared interesting stories about their interactions with Mr. Revels over the years.

Both gentlemen will be missed, of course by their families, but also by the collector community.

Rest in peace, gentlemen.

1994 American Silver Eagle

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1994 American Silver Eagle NGC PF 69 Ultra Cameo
This coin is the 1994 P American Silver Eagle graded by NGC (Numismatic Guaranty Corporation) as Proof 69 Ultra Cameo.

NGC describes the 1994 proof Eagle as:

"1994 was the ninth year of production for proof Silver Eagles. Sales were again slow, and were over 30,000 coins lower than 1993, or over a million coins less than the initial release in 1986. In fact, 1994 is the lowest regular issue coin of the proof silver eagle series.

"Quality was once again not good, albeit slightly better than the previous year's efforts. Spotting is still a problem commonly seen on coins of this year, and only about 3.3% of 1994 proof Silver Eagles graded have been awarded the grade PF70UC."

The US Mint produced 372,168 of the 1994 P proof eagles. Of those, NGC has graded 18,157 of the coins with 16,559 being graded as Proof 69.
But, they have certified only 20 of those as Proof 69 Ultra Cameo.

NGC describes their cameo and ultra cameo designations:

"NGC uses Cameo and Ultra Cameo designations after the numeric grade to describe the degree of frost present on the design elements. If little or no frost is present, no designation will be used. (Note: Ultra Cameo is generally synonymous with Deep Cameo, another common term in the hobby.)

"Frosting in lettering and devices is often achieved by sandblasting the die and then polishing only the fields to a brilliant finish (which are also referred to as mirrored fields). As the dies are used repeatedly to create coins, their ability to produce this effect can fade. "

In other words, a frosted lady walking on a mirrored background. Beautiful, just beautiful.

2003 Toned American Silver Eagle

2003 Toned American Silver Eagle Coin
The next coin is another American Silver Eagle, this one from 2003.

However, this coin has not been graded by any of the certification companies.

Instead, it is an interesting toned specimen.

The ANA Grading Standards defines toning as:

"Natural patination or discoloration of a coin's surface, caused by exposure to the atmosphere over a long period of time. Toning is often very attractive, and many collectors prefer coins with this feature. Artificial toning is patination applied by chemical, heat, or other processes, usually over a short period of time."

In 2003, the US Mint's West Point facility produced over nine million of the bullion and proof coins.

This one's odd patina makes it an interesting example and desirable for those who appreciate natural toning.

2009 American Silver Eagle

2009 American Silver Eagle PCGS MS70
Another eagle, PCGS (Professional Coin Grading Service) graded this example from the 2009 bullion coins as MS70.

PCGS describes their grading for MS70:

"This is for "Mint State" (the grade) and "70" (the numerical designation of that grade). A perfect coin! Even with 5X magnification there are no marks, hairlines or luster breaks in evidence. The luster is vibrant, the strike is razor-sharp, and the eye appeal is the ultimate. Note: Minor die polish and light die breaks are not considered to be defects on circulation strike coins."

On the PCGS web site, Jaime Hernandez commented:

"The Mint sold over 30 million Uncirculated Silver Eagles this year, a new record. The final mintage figures for the 2009 Uncirculated Silver Eagles were reported in the middle of March of 2010.

2000 Library of Congress

2000 Library of Congress Commemorative Silver Dollar Coin
The next coin is a 2000 Library of Congress in a certified holder, however neither PCGS nor NGC graded this coin.

For reasons that will become apparent, we will not provide the name of the company that graded this coin.

Look closely. It is a very nice example of the Library of Congress Commemorative Silver Dollar coin.

Now, look at the grade of PR69.

Per the ANA Grading Guide, proof is "a coin struck for collectors, using specially polished or otherwise prepared dies and a carefully selected planchet. Some Proofs are struck twice to bring up the details of the design."

Modern proof coins have a highly mirrored surface: the field in a regular proof and the design in a reverse proof.

Without any highly polished surface, this coin is an uncirculated strike not a proof coin.

It is a nice specimen. Perhaps they intended to grade it MS69 but mistakenly put PR69.
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Martin Luther King, Jr. Medal

Martin Luther King, Jr. Medal
The next item is a medal rather than a coin.

Honoring Martin Luther King, Jr., this medal provides a remembrance of his legacy.

The front or obverse shows a portrait of Rev. King with his name above and the years of his birth and his death below.

The back or reverse shows a cross in front of a sunburst, perhaps portraying a light showing the way.
Along the edge of the reverse are the quotes "I have seen the promised land" and "we shall overcome."

The medal honors Rev. King's memory and his achievements with both the obverse and reverse designs.

1909 S Lincoln Cent

1909 S Lincoln Cent
The next coin is a nice example of the 1909 S Lincoln Cent.

Of course 1909 is the first year of the Lincoln one-cent coins.

Furthermore, the US Mint produced over one hundred million of the new design, but their San Francisco location struck only just over two million of that total.

With the new design, a controversy occurred regarding placing the designer's initials, V.D.B., for Victor David Brenner, on the reverse of the coin.

As a result, some of the coins had his initials, and some did not.
One of the key coins is, of course, the 1909 S VDB.

This 1909 S coin does not have the designer's initials, however with its low mintage and being the first year of production, the coin is still a key in the Lincoln one-cent series.

Even on the low end of the grading scale, the 1909 S Lincoln Cent achieves a three digit value.

At the higher grades and depending on whether its color is red, red-brown or brown, the values can be much higher as in the low five-digit range.

This specimen, somewhere between good and fine, is an affordable key coin to a Lincoln Cent collection.
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1931 S Lincoln Cent

1931 S Lincoln Cent
This, the last coin for this month, is a 1931 S Lincoln Cent, another key in the Lincoln Wheat Cents.

In 1931, the US Mint produced just under 25 million of the one-cent coins across their Philadelphia, Denver and San Francisco locations.

The San Francisco facility struck 3.5% or 866,000 of the coins, which is one of the lowest mintages during the Lincoln Wheat cent production years.

With its low mintages, even the lesser grades command an upper double digit value.
And, like the 1909 S, depending on the color, the higher grades can achieve a low five-digit value.

This coin between good and fine would make another nice addition to a Lincoln Wheat Cent set.
These few items are just a small sampling of what can be found among the dealers' showcases on the bourse.

Our dealers represent a broad range of collectible interests, and their displays change from month-to-month.

For numismatics, people can find coins from the ancient to the modern, currency from the old collectible-only to the collectible and still legal tender, bullion from silver to gold to platinum to palladium.

Dealers also offer scrip, stock certificates, letters and other paper collectibles.

Other items on the bourse include semi-precious and precious gemstones, jewelry, vintage watches, and anything else that catches the dealers' interests.

Next month's showcases will again be filled with intriguing displays.

Mark your calendars for the next Greater Atlanta Coin Show on Sunday, August 12, 2018, in the Joe Mack Wilson ballroom on the main conference area.

Coin Show - Monthly Notes from July 2018

"The previous record for Uncirculated Silver Eagles was from 2008, when the Mint sold just over 20 million 2008 Uncirculated Silver Eagles.

"To understand the magnitude of the sales figures, compare these figures to previous years like the 1996 Uncirculated Silver Eagles. In 1996, the Mint sold approximately 3.5 million coins in total for that year."

For 2009, PCGS has graded over 200,000 of the silver eagles. Of those, they certified over 41,000 as MS70 coins.

Remember, also, the US Mint did not produce any proof silver eagles in 2009 making the MS70 grade the nicest of the American silver eagles that year.

Though not shiny like a proof, this coin is another beautiful example of "Liberty walking into the dawn of a new day."