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Next Monthly Coin Show
Coin Show - Monthly Notes for June 2024
Mark your calendar and join us at the next show on Sunday, July 7, 2024, in the Joe Mack Wilson ballroom.
The July Greater Atlanta Coin Show will be full of dealers and their showcases overflowing with coins, currency, bullion, exonumia, scripophily, semi-precious stones, jewelry and other interesting items for guests to enjoy.
The show welcomes visitors to buy, sell, trade or just enjoy viewing the variety of numismatic and other collectibles in the dealers' displays.
People can also bring coins and currency to the show for a free verbal appraisal based on the current market values.
The show is open from 9am - 4pm, however arrive early for the most opportunities.
Should circumstances impact the show, check with this web site, the recorded show message (770-772-4359), or join our mailing list to receive up-to-date information about the next show.
Make a reminder note and visit the next Greater Atlanta Coin Show on Sunday, July 7, 2024 in the Joe Mack Wilson ballroom to join the fun and view the items on the bourse.
1863 Civil War Token IOU One Cent
1863 Civil War Token No Compromise With Traitors
1882-O Morgan Dollar Coin
1953 Washington Quarter Coin
The June 2024 Greater Atlanta Coin Show welcomed people to enjoy a bourse filled with dealers and their showcases packed with coins, currency, bullion and collectibles.
Mother Nature provided the show with a nice day in the low 80s that varied between rain and sunshine.
As always, it was a great day to visit a coin show.
Of course, we must tell you that we always appreciate our visitors, our dealers, our security team and the hotel's staff. All of you help make the show a busy and interesting place to be each month. Thank you.
A few of our dealers participated in the inaugural West Georgia Coin Show in Carrollton on Friday and Saturday then joined us at the Greater Atlanta Coin Show on Sunday. We hope they were successful and enjoyed themselves at both shows.
Sharing the hotel with us in June, we observed several people involved in softball, and downstairs an Amway event was underway.
This month, we had several visitors bring inherited collections for appraisal. Some decided to immediately sell their items, while others chose to keep their treasures.
A number of people visited the show to learn about the options to buy silver and gold items for investment purposes.
One gentleman brought several 90% silver pieces to sell so he could start buying a type set for his collection.
With the increase in the silver market several people brought sterling silver flatware to sell.
Some of our dealers were buying and selling foreign gold coins.
Other dealers showcased extensive collections of classic commemoratives and Morgan dollar coins.
On another note, dealers also offer jewelry items in gold and silver with diamonds, opals and other stones.
Now, let's take a look at just a few items seen at the show.
This month we have two Civil War tokens to display. The first one shows Liberty on the obverse with IOU 1 Cent on the reverse.
After the Civil War began, people started hoarding their silver and gold coins. Soon, though, even the smallest denominations became scarce.
As a result, private mints produced and distributed these Civil War tokens to be used as money in transactions during the war years of 1861 and 1864.
Mainly, these tokens were more prevalent in the Northeast and Midwest and became widespread due to the unavailability of US Mint issued cents during the war.
Our next example is another Patriotic type of the Civil War tokens with the message "No Compromise With Traitors" shown on the reverse.
The Civil War Token Society (CWTS) has a web site that provides information about the many varieties of token and provides lists of reference material for additional study.
They also describe the rarity scale and the various compositions the private mints used in their production processes.
The rarity scale begins with R1 having a population of over 5000 pieces. The other end of the scale at R10 has just one token in its population.
One of the CWTS comments also applies to US coinage and even to any collectible market. "Rarity defines supply, but collectors establish the demand."
Next on our list is an 1882-O Morgan Dollar Coin.
The Morgan dollar remains one of the most popular for collecting either as a numismatic item or as a silver bullion item.
The US Mint produced the Morgan Dollar coins consistently from 1878-1904, then again in 1921.
The US Mint locations striking the Morgan Dollar coins included Philadelphia, New Orleans, San Francisco, Denver, and Carson City.
The mintmarks on the Morgan Dollar coin can be found on the reverse just beneath the ribbon bow of the wreath for all the mint locations except Philadelphia, which is blank.
Though this coin has not been certified, it has an almost proof-like sheen.
On the PCGS (Professional Coin Grading Service) web site, they comment:
Our last coin for this month is a 1953 Washington Quarter Coin graded as Proof 66 by NGC (Numismatic Guaranty Company).
They describe the coin:
"From 1950 onward proof coins were sold by the Mint only in complete, five-piece sets.
"The number of sets sold in 1953 rose more than 50% over the 1952 figure, with the coin market having fully recovered from the slow period of 1948-50.
"This issue is plentiful through PF 68, though very few of these coins show enough contrast between fields and devices to be certified as Cameo.
"The number of Cameo coins is, however, higher than for earlier years. A combination of higher quality control at the mint and an increase in the number of dies employed was responsible for this greater availability.
"Ultra Cameo examples remain quite rare, though less so than for the three preceding years. A prominent doubled-die obverse variety may be found for the 1953 proof quarter.
"It is bold enough that a few of the letters in the motto even show signs of tripling, and this variety carries a strong premium."
Though not one of the tripling varieties, this coin is an extraordinary example of the 1953 Proof Washington Quarter Coins.
On April 22, 1864, the US Congress passed a law making Civil War tokens illegal to produce and distribute as one or two-cent coins, tokens or devices for use as currency.
Shortly thereafter on June 8, 1864, an additional law was passed that made all private coinage illegal.
Civil War tokens are divided into three types-store cards, patriotic tokens, and Sutler tokens.
All three types were utilized as currency, and are differentiated by their designs.
The collectible value of the tokens is determined chiefly by their rarity.
This Civil War token provides an historical image of that era and is considered one of the Patriotic specimens.
So true. The token or coin can be rare, but if the demand (number of buyers) is low, the price will adjust accordingly.
They also have images that display the different dies used in their production.
Oddly, many of the tokens had Liberty with the Phyrgian cap on the obverse, but there are many different artists' depiction on the tokens from different private mints.
The different die strikes of Liberty provide insights into the abilities of the private mints.
Some privately minted tokens were as fine as US coinage of that era, whereas other private producers had a more primitive result in their tokens.
This particular specimen shows one of the more refined designs of the 1863 Civil War tokens.
"The 1882-O Silver Dollar is a common date but, because it comes from the New Orleans Mint, it is difficult to locate in Gem condition.
"The typical Mint State grade for an 1882-O Morgan Dollar is MS-63, reflective of the typical poor strike associated with this mint.
"Almost 700 MS-65 examples have been certified by PCGS (as of July 2012), but high collector demand means they can be elusive and expensive.
"MS-66 examples are super-scarce and anything better is ultra-rare. The finest example certified by PCGS is a single, monstrous MS-68 formerly in Jack Lee's set."
This coin showcases a beautiful example of the Morgan Dollar coin from the New Orleans Mint in 1882.