(Pelham, Alabama) — Whitman Publishing announces the release of the second edition of Pleasure and Profit: 100 Lessons for Building and Selling a Collection of Rare Coins, by Robert W. Shippee. The 328-page book will debut at the Whitman Coin & Collectibles Baltimore Expo, February 28, 2019. After that it can be ordered from booksellers and hobby shops nationwide, and online (including at Whitman.com), for $19.95 retail.
In Pleasure and Profit, longtime collector Robert Shippee reveals how he carefully assembled a meaningful collection of rare coins. His Waccabuc Collection of half cents through $20 gold double eagles sold at public auction for a profitable $1.5 million. Pleasure and Profit gathers the lessons he learned from buying and selling each of the nearly 150 coins.
Shippee provides real-world advice to guide other collectors on acquisition strategies, storage choices, and disposition options, in addition to commentary on auction firms, third-party grading services, famous dealers, numismatic personalities, market forces, and—with unflinching honesty—his laid-bare financial results.
The first edition earned the “Best Specialized Book on Numismatic Investments” award from the Numismatic Literary Guild.
In the second edition Shippee updates the market reports on nearly all of the coins in his case-study collection. He expands his discussion of rare-coin indexes, and his comparison of coins vs. the stock market. And he makes a new analysis of his coins by denomination, tracking where they would be, value-wise, a decade-plus after their sale.
“With greater knowledge comes greater confidence as a collector,” Shippee says. “My hope is you can learn from my successes—and just as much from my mistakes.”
Q. David Bowers, past president of the Professional Numismatists Guild, calls Pleasure and Profit “one of the most useful books in American numismatics.”
Pleasure and Profit: 100 Lessons for Building and Selling a Collection of Rare Coins, 2nd edition
By Robert W. Shippee; foreword by Q. David Bowers
ISBN 0794847137
Softcover, 6 x 9 inches, 328 pages, full color
Retail $19.95 U.S.
https://www.whitman.com/store/Inventory/Detail/Pleasure-and-Profit-2nd-Edition-+0794847137
Feb 23, 2019 | News
David Lawrence Rare Coins (DLRC) is pleased to announce that Brian Yutzy has joined the Virginia Beach office as a Senior Numismatist and Buyer. Yutzy will be serving his existing clients as well as helping DLRC serve a wider base of customers throughout the country.
Mr. Yutzy comes to DLRC after spending over 30 years in the coin business, most recently for Heritage Auctions. According to Brian, “Coming to DLRC was a dream. We first spoke about working together over a decade ago and while life took us in different directions, when the opportunity presented itself to join the team at DLRC, it was an easy choice.”
John Brush, the President of David Lawrence Rare Coins, states, “Brian has always been a gifted numismatist with a diverse background in everything from buying generic gold, to classic U.S. coins, to variety expertise.” Brush added, “While we weren’t looking to add anyone to our staff, the growth of the company in the past 12 months necessitated the addition of someone that could help us add more coins to our overall offerings to collectors. So, when the opportunity to add Brian to the staff appeared, it just made sense.”
Yutzy’s interest in coins truly started as a fluke in 1989. While working two jobs, building roof trusses by day and selling insurance by night, he walked into Paul & Judy’s U.S. Coins just to buy some silver and walked out with a new job. The owner, Paul Schrock, saw great potential in Yutzy and had him travelling on the coin show circuit almost immediately! Coins had always been a passion and were second nature to Brian, something he enjoyed so much that it didn’t feel like work. After staying with Paul for a year and a half, Yutzy moved to Monroe, LA, and while working with his business partner Wayne Hummel, met his wife Julie of 18 years on a blind date. From there he moved to Houston, TX and worked with Kenny Duncan at U.S. Coins, where Yutzy says he handled some of the most fantastic coins in those ten years that he had ever seen. Following his time at U.S. Coins, Yutzy became a contract buyer for Heritage Auctions out of Dallas, TX for the past 10 years.
Now that Brian has become part of the DLRC team he added, “This is my last stop. John Brush has been a close friend of mine for a very long time and this opportunity was truly a dream come true.”
Feb 22, 2019 | Bureau of Engraving and Printing, News
The Monthly Production Report for January 2019 Has Been Posted.
Please click here to access the report.
Feb 21, 2019 | Bureau of Engraving and Printing, News
What better way to reflect on the rich history and origins of the United States than with the America’s Founding Father’s 2019 Currency Set. Each set features a Series 2017 $1 note from the Federal Reserve Bank of New York and a Series 2013 $2 note from the Federal Reserve Bank of San Francisco. The notes bear matching serial numbers beginning with “2019.” This set is attractively packaged in a tri-fold folder, and a clear, acid-free polymer sleeve protects each note.
New Shopping Process:
The BEP and U.S. Mint have merged their online sales operations and customers can now purchase currency and coin products in one place, while enjoying the benefits and conveniences of the U.S. Mint website. BEP customers are encouraged to set up a Mint website account in order to easily check order statuses and track packages.
BEP products may be ordered toll free, at 1(800) USA-MINT (872-6468) and through the United States Mint’s online store, https://catalog.usmint.gov/.
Feb 21, 2019 | News
Well-known paper money authentication expert Jason W. Bradford and his team of experts launched Legacy Currency Grading (www.LegacyGrading.com), a new paper money grading and authentication service, on February 20, 2019.
Bradford, the founding and former President of PCGS Currency, stated: “Legacy Currency Grading will strive to improve the consistency and accuracy in grading for which my team has always been known. We will focus our primary efforts on excellent customer service and turnaround times, and we will be expanding our team. We’ve added both operational staff and additional grading experts to increase our capacity and help dramatically reduce turnaround times.”
Jason W. Bradford
“The guarantee for all Legacy graded notes will be as strong as ever, with all notes guaranteed for grade and authenticity by our lifetime grading warranty,” explained Bradford.
“In addition, to ensure the continuity and stabilization of the market, Legacy Currency Grading will continue to honor the same grading guarantee for all notes that K3B, Inc. certified from February 4, 2009 until January 30, 2019, under the license for the PCGS Currency brand name from Collectors Universe, Inc. The Legacy Currency Grading population report will also include all notes graded under that same license,” he added.
In order to make the transition as smooth as possible for all collectors and dealers, Legacy Currency Grading will be offering a discounted “crossover” service for all notes graded under the previous brand name.
“For a limited time, we will be offering a special rate for our clients to reholder their notes into Legacy Currency Grading holders,” said Bradford. “Details will be announced in the near future regarding the procedures for submitting notes, including the ‘crossover’ service.”
Legacy Currency Grading is also launching a new holder design featuring a fully sealed holder with the grading insert inside the tamper-proof Mylar plastic.
“This holder design is the result of several years of market research. The Legacy Currency Grading holder will be made of the same acid-free Mylar material used by generations of collectors and dealers. We are extremely excited about this new holder because I believe that this is the safest material for the long term storage of any banknote, and we won’t compromise by using anything but the highest archival quality materials for our holders,” stated Bradford.
Existing grading submissions that were previously submitted to K3B, Inc. now will be graded by Legacy Currency Grading.
“We will be contacting all clients in the immediate future regarding the details of their submissions and the estimated time frame for completion. However, if any client prefers that their notes be returned ungraded and their fees refunded, we will, of course, honor that request,” said Bradford. “In addition, all current memberships from the old service will be honored and extended in the new Legacy Membership program.”
Bradford is a pioneer in the paper money grading profession, personally examining, authenticating and grading more than a million banknotes since 2005. He will continue to lead the new company as President and CEO.
“It is extremely important for me to focus my energies primarily on grading and training our other graders. The day-to-day operations of the company and customer service will be overseen by our management team, which will free me and the other graders to focus on doing what we do best—grading banknotes. We are optimistic and excited about the future of the currency collecting hobby and the marketplace. Legacy Currency Grading will provide the best and most efficient customer service, and the most accurate and consistent grading process possible,” Bradford pledged.
Information regarding submitting banknotes for grading and authentication to Legacy Currency Grading will available soon at www.LegacyGrading.com, or by calling the Legacy office at 309-222-8200, or by email at info@LegacyGrading.com.
Feb 19, 2019 | Auctions, News
(Lincroft, NJ) Legend Numismatics is proud to announce the completion of the S.L.R. Collection of Proof Liberty Nickels. Not only is this set the #1 All-Time PCGS Registry Set, but with the addition of the finest known 1913 that the collector recently purchased for $4,560,000, it is now the only set that can be called truly the finest Proof Liberty Nickel and complete. History has been made!
Since the creation of the Set Registry at PCGS, the client, who wishes to remain private, has dreamed about assembling this set. The first step became possible at the 2018 ANA, when the Eliasberg-Legend-Smith 1913 nickel, graded PCGS PR66 CAC came up for sale. The final piece came together recently after Legend Numismatics was able to negotiate the purchase of the former #1 PCGS Registry Set and obtained it for the collector, making this the greatest set of Proof Liberty nickels ever assembled.
“Never in my lifetime did I think I think I could be involved in the building of such an amazing set,” declared Laura Sperber, president and owner of Legend Numismatics. “I was thrilled to see the extreme excitement that my collector client had when we were able to complete this deal. It is so refreshing to see such enthusiasm. We have been working with this collector for many, many years on different projects, but we have never seen him as happy and as proud as he was when we told him the deal was done!”
“I have been involved in collecting coins for decades and have built many different collections over the years,” said the proud owner. “Being able to own the finest set of Proof Liberty nickels really is a dream come true! I have been working with Laura Sperber for many years, and I am so proud of this important accomplishment we have done together. Without her help and support, I am not sure we would have been able to make this happen.”
Planning is in the works to have this important collection put on display sometime later this year.
See the PCGS Set Registry, 1883-1913 for the coins in the set and images, note that we are working on updating all images and coins.
Feb 17, 2019 | News
The following two offenses have been reported stolen/missing.
#1
The following two coins were sent priority mail from Carson City Nevada to Fort Worth Texas. They have been reported missing/stolen.
#2
A registered package being sent from Honolulu to Redondo Beach CA, arrived with some of the contents missing. The package appeared to have been tampered with and the following two coins have been reported stolen.
1904 $20 St. NGC MS62 4491466011
1927 $20 Saint NGC MS64 4491466013
Anyone with information contact:
Doug Davis
817-723-7231
Doug@numismaticcrimes.org
Feb 17, 2019 | News
(Brea, California) February 15, 2019 – Historic silver and gold coins discovered in the purser’s lock box in 2014 from the fabled “Ship of Gold,” the S.S. Central America that sank in 1857, are coming to market for collectors, according to the California Gold Marketing Group LLC (CGMG) of Brea, California.
“Two bags found in the purser’s box contained a combined total of $1,588.95 face value of U.S. coins from silver dimes to Half Eagle $5 gold coins, and ranged in dates from 1796 to 1857,” revealed CGMG Managing Partner Dwight Manley. “Most of the coins are dimes that were to be used in daily commerce while the ship sailed between Panama and New York City before sinking in a hurricane off the North Carolina coast in September 1857.”
One of the dimes is an 1838-O that was overstruck at the New Orleans Mint with dies intended for an 1842-O quarter. Manley said the “35-cent” error coin is not for sale, but will be publicly exhibited. It apparently circulated for 15 years before becoming sunken treasure with the other coins now recovered from the S.S. Central America.
This 1850-dated Liberty Seated dime was recovered from a purser’s bag on the sunken S.S. Central America in 2014 and may have been intended a day’s pay for a crew member during the ship’s ill-fated 1857 voyage from Panama to New York. (Photo courtesy of Professional Coin Grading Service www.PCGS.com.)
The well-preserved silver coins discovered in the purser’s sealed iron box are being carefully examined, cataloged and certified by Professional Coin Grading Service (www.PCGS.com).
“One of the recovered canvas bags at the bottom of the box was about the size of a volleyball and it contained thousands upon thousands of dimes. It quickly became obvious that this was the ‘cash box’ of the ship, a truly marvelous historical find,” said Bob Evans, the chief scientist on the 1980’s mission that first located and recovered a portion of the fabulous sunken treasure and who served in that same role and as a numismatist with the 2014 recovery.
“The purser’s bags, one with dimes and another with primarily silver quarter dollars and half dollars, were inside a box we found in a corner of the safe that was on its side when we found it. The box was flimsy, and it collapsed when we attempted to move it with our remote-controlled, spatula-like tool over 7,000 feet deep under water. There were other contents of the safe including some paper artifacts and a pistol,” Evans revealed.
The purser’s bag contained 8,873 U.S. dimes, 503 quarters, 345 half dollars, and a smaller bag inside the large one contained 55 gold dollars, 56 Quarter Eagles and 41 Half Eagles. Additional gold and silver coins, perhaps brought onboard by S.S. Central America passengers, were found elsewhere in the safe for a combined total of 9,877 coins.
“The dimes in the purser’s bag survived 157 years in the Atlantic Ocean without the corrosion seen on most silver coins found on shipwrecks. This is undoubtedly due to the oxygen-starved (anaerobic) conditions within the safe, creating a deep-sea time capsule,” explained Evans. “The safe was not water tight, but it essentially sealed off the interior environment and its chemistry from the outside seabed environment. The result was that even the canvas bag holding these coins did not degrade significantly,” explained Evans.
Universal Coin & Bullion of Beaumont, Texas (www.UniversalCoin.com) now is selling many of these recovered silver coins. For additional information, call 800-822-4653.
The SS Central America was a 280-foot long, three-masted side-wheel steamship carrying tons of California gold that had been shipped from San Francisco to Panama when she sank on September 12, 1857 hurricane during the final leg of a voyage from Aspinwall (now Colón), Panama to New York City. The loss of the ship’s gold cargo was a major factor in the economically devastating financial panic of 1857 in the United States.
“These coins found in the purser’s safe made up the working money of the ship. The sailors of the labor class were paid one to three dimes a day. Remember that in 1857 the S.S. Central America was on its 44th voyage to Panama and back since its launching in November 1853. This was a well-established business, and here we get to look at the life-blood of that business, its working capital. It is fascinating to see everything that was in circulation in 1857, including some bent, pierced and heavily worn coins,” said Evans.
“Some of these could have been used as ‘magic charms.’ If it weighed something close to a tenth of an ounce, it passed in circulation as a dime,” he explained.
In a court-approved transaction in November 2017, the California Gold Marketing Group acquired all the treasure recovered in 2014 from Ira Owen Kane, Receiver for Recovery Limited Partnership and Columbus Exploration, LLC. In 1999, CGMG acquired all of the available S.S. Central America treasure that was recovered in the 1980s.
“One-by-one examination and certification of the coins recovered in 2014 began in January 2018. Virtually all of the 3,129 federal, private mint and world gold coins that were retrieved in 2014 now have been sold. The silver coins from the purser’s safe are the final items curated and are now coming to market,” said Manley.
A complete list of all the items recovered in 2014 will be published in an upcoming book, America’s Greatest Treasure Ship: The S.S. Central America, by esteemed numismatic author Q. David Bowers and Manley.
Feb 17, 2019 | News, Shows & Conventions, video
The Professional Currency Dealer Association is part of the National Coin & Currency Convention held annually in Chicago in Rosemont, IL at their new location at the Hilton Rosemont. The nation’s top banknote dealers are attendance as well as many from around the world.
The upcoming will take place on March 14-16, 2019.
To find out more:
Kevin Foley, Bourse Chairman, 414-807-0116
Kevinsfoley.kf@gmail.com
www.pcdaonline.com
VIDEO HIGHLIGHTS
COOL CURRENCY! Joel R. Anderson Collection: VIDEO: 3:43.
Peter Treglia, Currency Director, Stack’s Bowers, David Lisot, Interviewer, CoinTelevision.com.
Peter Treglia talks about and shows examples of some of the amazing rarities of the Joel R. Anderson Currency Collection including the 1863 $100 Interest Bearing, the 1863 Fr. 50 Legal Tender, 1880 $10 Silver Certificate triple signature, and the 1918 $500 Legal Tender.
https://youtu.be/8oDt3H17FdY
COOL CURRENCY! PCDA Convention 2018. VIDEO: 16:53.
David Lisot, Interviewer, CoinTelevision.com with Michael Moczalla: $100 Legal Tender 1863 “Spread Eagle”, PMG VF35, $50 Legal Tender, 1869 “Rainbow”, PMG VF30, $5 Third Charter National, 1902 “Fairbanks Alaska Red Seal”, PCGS MS63PPQ, Iraq 100 Dinar 1936, PCGS VF30, Iraq 100 Dinar 1942 PCGS VF30, Iraq 10 Dinar 1942, PCGS AU58PPQ, Don Kagin: Encased Postage 2 cent 1862, “Black Jack” circulated, $50 Federal Reserve “St. Louis”, PMG EF45, 1786 Colonial 2 Shilling 6 Pence, PCGS MS69PPQ, Joel Shafer: El Salvador 5 Peso 1916 “American Version”, VG/F, El Salvador 5 Peso 1916, El Salvador 5 Peso 1913 “Parraga Print” Fine+, Jamaica 5 Pound 1960 UNC62, Jamaica 10 Shilling 1960, “special serial number”, Choice UNC64, Mongolia 3 Dollar 1924 “Psychedelic” EF, Mongolia 5 Dollar 1924 “Psychedelic” EF/AU, Philippines 10 Peso 1903 Silver Certificate, Choice AU58.
https://youtu.be/vnMTU5xq9sk
Currency Collectors Excited about New PCDA Convention Location. VIDEO: 2:29
David Lisot, Interviewer, CoinTelevision.com, Don Kagin, Peter Treglia, Joel Shafer.
Learn about why people like the new location for the Professional Currency Dealer Association National Coin & Currency Convention in Rosemont, Illinois.
https://youtu.be/XZYHBPAa4mE
Joel R. Anderson Collection of Paper Money to be Auctioned by Stack’s Bowers. VIDEO: 3:05.
Peter Treglia, Currency Director, Stack’s Bowers, David Lisot, Interviewer, CoinTelevision.com.
It has been called the greatest collection of currency assembled. Find out the story of who assembled the collection and see some of the great rarities included.
https://youtu.be/1yycFCslXSU
Paper Money Collectors Offered New Benefits at PCDA Convention. VIDEO: 3:11.
Kevin Foley, Professional Currency Dealer Association, Bourse Chairman, David Lisot, Interviewer, CoinTelevision.com.
The PCDA National Coin & Currency Convention has a new location at the Rosemont Hilton just outside Chicago. This convention is one the world’s premier events for collectors of United States and world paper money and banknotes.
https://youtu.be/oR2K5eSYCo4
PCDA Membership Important for Currency Collectors. VIDEO: 4:13.
David Lisot, Interviewer, CoinTelevisio.com, with Kevin Foley, Don Kagin, Michael Moczella, Peter Treglia, & Joel Shafer, Members, Professional Currency Dealer Association. Dealing with members of the Professional Currency Dealers Association is protection for collectors who want to be sure they are dealing with someone who is knowledgeable and bound a code of ethics to be fair in their business practices.
https://youtu.be/bWUdwG9kTQs
NCIC (Numismatic Crime Information Center) is investigating individuals ordering large amounts of gold coins with fraudulent checks. The names are different but the address is the same except for the Suite number.
