Sunday was a rainy day in Georgia, but it was a great day to visit a coin show.
The many visitors to the show found a bourse filled with coin dealers and their displays of numismatic items.
Here's a big THANK YOU to all of the visitors - the frequent ones we see almost every month and all of the new people that came. Everyone is welcome, and we appreciate you joining us at the coin show.
Here's another big THANK YOU to all of the dealers too. For some of them, the Greater Atlanta Coin Show was their third coin show in as many weekends -from the ANA at the first of the month to the Tennessee State Numismatic Society's show the second weekend to this show on the third Sunday.
On a sad note, one of our long-time dealers passed away just after the February coin show. He wasn't a current dealer, however he had participated in the show for several of the show's prior years. Norm P. Brauner left this world on February 10, his 60th birthday. Our condolences go out to his family and friends.
One of the new visitors to the show shared his experience at the ANA where he enjoyed a scavenger hunt. The challenge piqued his interest in coins and coin collecting. As a result, he visited the monthly show - welcome and we're glad you came.
Have you seen the US Mint's announcements about the new 2014 National Baseball Hall of Fame coin? The coin's release date is the 27th for both proof and uncirculated versions of the $5 gold, $1 silver and $0.50 clad coins.
More interesting, perhaps, is the coin's design. It will be the first curved coin produced by the US Mint. Previously, they made a curved medal, the 1973 Roberto Walker Clemente Congressional Gold Medal, to honor the late Pittsburgh Pirates star right fielder.
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Coin Show - Monthly Notes from March 2014
Without knowing the numismatic relevance of coins, people selling them can easily be misinformed by dishonest people or even by buyers that don't understand the coin's importance. Without proper knowledge, key-date coins can easily be bought just for their metal content and either sold for their true worth (in the case of the less scrupulous) or melted for their metal (in the case of ignorance).
Both situations would be numismatic cruelty for an old, rare and beautiful key-date coin.
Make plans to visit the next Greater Atlanta Coin Show on Sunday, April 6, 2014 with its coin dealers and their showcases filled with coins, currency, jewelry and other collectibles.
All three of the new coins - gold, silver and clad - bear the same designs with minor modifications for the denomination. The common obverse shows a concave baseball glove ready to catch a ball. The common reverse contains a convex image of a baseball.
People at Sunday's coin show speculated on the popularity of the new coin. Would the unique curved design stimulate people's interest? Or, would the subject bring more attention? Or, would interest quickly wane?
Of course, collector interest increases value. Add scarcity, and the value goes up even more.
Per Public Law 112-152 signed in August 2012, the maximum mintages are 50,000 for the $5 gold, 400,000 for the $1 silver and 750,000 for the $0.50 clad coins. But, will the US Mint produce the maximum? It really depends on the number of orders they receive.
And, just think, in addition to the different processing for the actual coins, their curved design requires new packaging from the US Mint, different from what they've used in recent years for relatively flat commemorative coins.
Plus, some people like to submit these coins to grading services. They, too, will need to develop new slabs to protect and show off the curvature of the coins in their different sizes.
Keep an eye out. The new baseball coins go on sale at noon on March 27th. The sales statistics should be interesting to observe.
Now, let's take a look at some of the items at the Sunday coin show.
One dealer provided multiple displays of uncut currency from the 16 x $50 sheet to the 16 x $20, 16 x $1 and 32 x $1 sheets.
As an aside, our show is called a "coin show" when in reality it's a numismatic show. And, numismatics, the study of money, includes currency.
Another dealer offered a wide range of mostly BU (brilliant uncirculated) and Proof nickels that have not been minted for many years.
His display included shield nickels, Liberty Head (or V nickels) and Buffalo (or Indian Head) nickels. The US Mint struck the earliest shield nickel in 1866 and the last Buffalo in 1938.
The next showcase provided a range of high-grade, mostly BU, Lincoln cents from 1909 to 1955.
In another case, a dealer showed off a large selection of Barber coins. In his display, the dealer included lesser grade circulated coins in addition to high grade slabbed coinage.
Charles E. Barber, who succeeded his father as Chief Engraver of the US Mint, designed the Liberty Head nickel (also called the "V" nickel) along with the Liberty Head dime, quarter and half dollar. The various Barber coins contained mint years from 1883 to 1916.
The next display included an EF-45 example of the 1916 Standing Liberty quarter. This year is the key-date year for this coin.
In their grading guide, the ANA describes EF (Extremely Fine) for the Standing Liberty quarter as "very light wear on only the highest points."
For this particular coin, the dealer provided a notable backstory. Thirty years ago, the dealer owned this specific coin and sold it to a customer. That customer kept the coin all these years.
However, the years also added age to the gentleman, and none of his offspring shared his interest in the coin. He decided to sell the coin back to the dealer.
He wanted to realize the coin's increased value rather than leave it as an inheritance to someone who did not understand the numismatic importance of the coin. He also wanted to make sure the key-date coin was protected.