High-Value ‘Cherrypicker’ Coins Take the Stage at the ANA National Money Show

Cherrypickers’ Guide volume editor Larry Briggs, author Bill Fivaz, associate editor Brandon Hall, and publisher Dennis Tucker at the ANA National Money Show, August 27, 2020.

Bill Fivaz, coauthor of the Cherrypickers’ Guide to Rare Die Varieties of United States Coins, and Dennis Tucker, publisher at Whitman Publishing, along with Whitman Associate Editor Brandon Hall, spoke to a standing-room-only audience at the American Numismatic Association’s National Money Show on Thursday, February 27, 2020, in Atlanta. They gave an overview of today’s cherrypicking hobby and the market for coins that can be cherrypicked for profit.

Forty-seven collectors attended the presentation, which was videotaped as part of the ANA’s “Money Talks” educational program.

“Cherrypicking” is the act of examining coins that appear normal at first glance to find ones that have unusual characteristics—overdates, doubled and tripled dies, misplaced mintmarks, and similar features—that reveal them to be scarce and valuable.

The Cherrypickers’ Guide uses close-up photographs and text descriptions to show collectors what to look for in die varieties. Professional numismatist Larry Briggs is serving as volume editor for the latest book, coordinating research and pricing along with Fivaz. Its publication is scheduled for August 2020, to debut at the ANA World’s Fair of Money, thirty years after the first edition’s release.

Entirely new sections in the upcoming volume include Type B Reverse Washington quarters; Bust half dollars; “Long Nock” Morgan silver dollars; 1879-S, Reverse of ’78, Morgan dollars; Peg Leg Eisenhower dollars; and U.S./Philippine coins of 1903 to 1945.

The volume will include more than 200 new die varieties, making it the largest Cherrypickers’ Guide volume ever. The tentative list of new additions includes:

  • 3 new Liberty Seated half dimes
  • 3 new Capped Bust dimes
  • 2 new Liberty Seated dimes
  • 10 new Barber dimes
  • 8 new Mercury dimes
  • 12 new Roosevelt dimes
  • 2 new twenty-cent pieces
  • 5 new Capped Bust quarters
  • 7 new Liberty Seated quarters
  • 2 new Barber quarters
  • 3 new Standing Liberty quarters
  • 26 new Washington quarters
  • 10 Bust half dollars
  • 8 Liberty Seated half dollars
  • 4 Barber half dollars
  • 7 Liberty Walking half dollars
  • 15 Franklin half dollars
  • 2 Kennedy half dollars
  • 5 Liberty Seated dollars
  • 1 trade dollar
  • 15 new Morgan dollars
  • 6 new Peace dollars
  • 2 new modern dollars
  • 6 new gold coins
  • 1 new classic commemorative
  • 20 new U.S./Philippines coins

Fivaz and Tucker showed examples of die varieties including a 1901-O Barber dime with a repunched mintmark, worth $150 more than a normal coin; a 2015 “Homestead National Monument of America” quarter, worth face value (25¢) as a normal pocket-change coin but $25 with an unusual reverse die variety; a 1919 Mercury dime with strong obverse doubling; an 1806 Draped Bust half dollar with a repunched date; a Proof 1968-S Kennedy half dollar with an Inverted S Over Knob Tail S mintmark; and more Roosevelt dimes, Liberty Walking half dollars, Franklin half dollars, and other new additions.

Fivaz noted that some die varieties, such as the 1919 Mercury dime doubled die, are on older coins but have been discovered only recently. “More varieties are out there, waiting to be found,” he said.

In the presentation and its question-and-answer session following, Fivaz and Tucker talked about Cherrypickers’ Guide coauthor J.T. Stanton, who passed away in 2018; how varieties get chosen for listing (and delisting); what makes a variety a good candidate for inclusion in the book; how to search for die varieties; and what coin series are gaining in popularity.

Bill Fivaz, a coin collector since 1950, has earned recognition as one of the country’s most respected authorities on numismatic errors and die varieties. He is a longtime contributor to the Guide Book of United States Coins (the “Red Book”). With the late J.T. Stanton he coauthored the first Cherrypickers’ Guide in 1990, launching the modern boom in interest in die varieties.

Larry Briggs is well known to the hobby community as a dealer, author, and educator. He served the American Numismatic Association as president of its Authentication Committee. A student of history and archaeology, Briggs served in the U.S. Air Force and worked for Ford Motor Company before launching his own business, Larry Briggs Rare Coins, in 1978. His specialties include error coins and die varieties, Liberty Seated coinage, and early American coppers.

Rare Georgia Gold Rush Coin Brings Record $480,000 in Atlanta & is “coming home”

(Atlanta, Georgia) – A small gold coin with a face value of $2.50 when it was struck in northern Georgia in 1830 sold for a record price of $480,000 to an anonymous Georgia collector in an auction in Atlanta Thursday night, February 27, 2020. It is one of the finest known of less than two dozen surviving examples privately struck by Milledgeville, Georgia cotton gin mill manufacturer Templeton Reid during the state’s historic 19th-century gold rush.

1830 Templeton Reid $2.50

rare Georgia gold rush-era Templeton Reid $2.50 denomination gold coin made in 1830 was sold at auction in Atlanta for a record price of $480,000 by Kagin’s, Inc. of Tiburon, California on February 27, 2020. The buyer is a Georgia-based collector who wants to remain anonymous, according to the auction house. (Photo courtesy of Professional Coin Grading Service www.PCGS.com.)

“The Georgia and North Carolina gold rush period started in 1828, about two decades before the California Gold Rush, and this important gold piece was made in 1830 to help alleviate a coin shortage at the time in Georgia,” explained Donald Kagin, Ph.D., president of Kagin’s, Inc. (www.Kagins.com) of Tiburon, California, the auction house that sold the coin.

The previous record price for an example of this type of coin was $329,000 in 2013. The name of the winning bidder who paid $480,000 for this one was not disclosed.

“Reid was a multi-talented entrepreneur, a cotton gin manufacturer, gunsmith, metallurgist and assayer who struck coins in denominations of $2.50, $5 and $10. These historic items were the first privately issued gold coins in the United States,” explained Kagin, author of the reference book, Private Gold Coins and Patterns of the United States.

Only a little larger than a modern five-cent denomination coin, the Templeton Reid $2.50 gold piece was independently authenticated by experts at Professional Coin Grading Service (www.PCGS.com) and certified Mint State 61 (on a 1 to 70 grading scale).

“It had been part of private coin collections the Midwest and on the West Coast for more than 50 years, but now this piece is coming back home to Georgia,” said Kagin.

“Despite his inventiveness, Templeton Reid’s gold coins eventually and unfortunately were shunned by the public when a critic falsely claimed they did not contain enough gold. He halted production just a few months after he began striking them,” explained Kagin. “But today, they are national numismatic treasures.”

The auction was conducted in conjunction with the American Numismatic Association 2020 National Money Show (www.NationalMoneyShow.com), February 27- 29, in Atlanta.

Anti-Counterfeiting Seminar Produces Fast, Positive Results

(Long Beach, California) February 26, 2020 – A seminar for law enforcement officials conducted by the Anti-Counterfeiting Educational Foundation (ACEF) during the recent February 2020 Long Beach Coin, Currency, Stamp & Sports Collectibles Expo already has produced positive results in the fight against fakes in the numismatic marketplace.

The seminar’s objective was to bring together representatives of federal and local agencies that come into contact with counterfeits or investigate counterfeits, and educate them about the expert resources available from ACEF’s Anti-Counterfeiting Task Force to assist during their investigation and prosecution of cases.

“A total of 40 law enforcement officers and agents attended the Counterfeit and Precious Metals Investigation class held on February 20 in Long Beach, California. There were representatives of the Secret Service, Customs and Border Protection, the U.S. Justice Department and Homeland Security as well as the Los Angeles Police and Sheriff’s Departments and other Southern California law enforcement agencies and the United States Mint,” explained Doug Davis, ACEF Director of Anti-Counterfeiting.

In addition to Davis, expert speakers during the four-hour seminar included former American Numismatic Association President Robert Campbell and former Numismatic Guaranty Corporation authenticator Brian Silliman as well as Chris Hersey of the U.S. Treasury Department’s Office of Inspector General and Joe Boche with the Minnesota Fraud Bureau.

“The feedback from attendees was very positive,” stated Davis, a former Texas police chief. “The class immediately opened up new lines of communication between ACTF, the Secret Service and Homeland Security. Attendees have already reached out and joined ACTF’s online Law Enforcement Portal and I have been asked to speak and teach at different field offices of Customs and Border Protection and Homeland Security Investigations.”

As part of ACTF’s aggressive approach in attacking the problems of counterfeit coinage, in just the first weeks of the year the organization has assisted Customs and Border Protection on two cases involving the seizure of over 3,000 counterfeit coins and ingots at two different U.S. ports of entry.

The ACEF is a 501(c)(3) corporation and its important anti-counterfeiting work is supported entirely through tax-deductible donations to the organization.

For additional information, contact the Anti-Counterfeiting Educational Foundation by phone at 817-723-7231, by email info@ACEFonline.org or visit the web site at www.ACEFonline.org.

United States Mint Director David J. Ryder to participate in the American Numismatic Association’s 2020 National Money Show

WASHINGTON – The United States Mint (Mint) will be at booth #729 at the American Numismatic Association’s (ANA) National Money Show on February 27, 2020, at the Cobb Galleria Centre in Atlanta, GA.

Mint Director David J. Ryder will participate in the official ribbon-cutting ceremony on Thursday, February 27, at 9:15 a.m. (ET), followed by a product signing event at booth #729 from 1:00 p.m. to 3:00 p.m.

The Mint will be releasing the 2020 United States Mint Proof Set® (product code 20RG) on February 27 at noon.

Attendees will also have the opportunity to:

  • Speak with United States Mint employees
  • View holograms of various characters and products at the booth
  • Meet “Mighty Minter” Layla the Peahen
  • Obtain free educational resources for educators
  • Gather information on the Mint’s H.I.P. Pocket Change website, engage in educational activities, learn about Mint programs and operations, and gain an understanding of the link between coins and American history and culture
  • Provide their email addresses to receive product updates and alerts and opt-in as a Mint customer
  • Participate in the “Treasure Trivia” game, where children visit specific locations on the bourse floor to answer trivia questions designed to instill an appreciation for numismatics
  • Exchange money for the most recently released America the Beautiful Quarters® coin
  • Get help downloading the MyUSMint mobile application.

A wide variety of Mint products will be available for purchase over the counter, including the 2020 American Eagle Silver Proof Coin; 2020 Happy Birthday Coin Set, Birth Set, and Congratulations Sets; and 2019 American Innovation™ $1 Reverse Proof Coins. The Mint will also be selling Bureau of Engraving and Printing products, including $1 Five–Note Uncut Currency Sheet; $1 50–Note Uncut Currency Sheet; and $2 32–Note Uncut Currency Sheet.

All products are available for purchase through the Mint’s online catalog at catalog.usmint.gov/ or by calling 1-800-USA-MINT (872-6468). Hearing and speech impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468). Additional information about coins and collecting can be found on the Mint’s website, USMint.gov. For more information about the BEP or currency production, please visit BEP.gov.

United States Mint Hosts Ceremonial Strike of 2020 Basketball Hall of Fame Commemorative Coin Program Coin

Naismith Memorial Basketball Hall of Fame Commemorative coinPHILADELPHIA – United States Mint (Mint) Director David J. Ryder hosted members and supporters of the Naismith Memorial Basketball Hall of Fame today at a ceremonial striking of the 2020 Basketball Hall of Fame Silver Dollar Coin.

During his remarks, Director Ryder stated that “every day, across the Nation, the United States Mint connects Americans through coins, and it is our great privilege to connect America to the Naismith Memorial Basketball Hall of Fame.” Ryder went on to announce that “the most unique feature of these coins is that they will be the first-ever colorized coins produced by the United States Mint! Coins with proof and uncirculated finishes will go on sale April 4th, and the colorized versions of the silver and clad coins will go on sale at a later date.”

Other event participants included Naismith Basketball Hall of Fame President John Doleva; basketball legends Julius Erving and Sheryl Swoopes; and Massachusetts Congressman Richard Neal, sponsor of the legislation authorizing the Basketball Hall of Fame Commemorative Coin Program.

The silver dollar is one of three coins in the 2020 Basketball Hall of Fame Commemorative Coin Program. The Mint will also produce a five dollar gold coin and a half-dollar clad coin as authorized by Public Law 115-343 in recognition of the 60th anniversary of the Naismith Memorial Basketball Hall of Fame.

All three coins will be dome-shaped and will feature common obverse (heads) and reverse (tails) designs. The common obverse design features three players reaching for the ball in unison, reflecting how the sport of basketball has brought together diverse people around the world through a simple, universal, and unifying athletic experience. Their arms are slightly elongated to emphasize the full exertion of physical and mental energy required to excel in this sport. The rim and net are subtle background design elements complementing the three players. Inscriptions are “LIBERTY,” “IN GOD WE TRUST,” and “2020.”

The common reverse design depicts a basketball about to pass through the net, with the inscriptions of “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM.” Additional inscriptions include “FIVE DOLLARS” on the gold coin, “ONE DOLLAR” on the silver dollar, and “HALF DOLLAR” on the clad coin.

Mint Artistic Infusion Program (AIP) artist Justin Kunz created the obverse design, which was selected from a public competition as required by the authorizing legislation. The common reverse design is by AIP artist Donna Weaver.

The Mint will produce and issue up to 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half–dollar clad coins. Surcharges collected from coin sales—$35 for each gold coin, $10 for each silver coin, and $5 for each half–dollar coin—are authorized to be paid to the Naismith Memorial Basketball Hall of Fame to fund an endowment that will enable increased operations and educational programming.

About the Naismith Memorial Basketball Hall of Fame

The Naismith Memorial Basketball Hall of Fame is an independent non-profit 501(c)(3) organization dedicated to promoting, preserving, and celebrating the game of basketball at every level – men and women, amateur and professional players, coaches and contributors, both domestically and internationally. Located in Springfield, Massachusetts, the birthplace of basketball, it is home to more than 400 inductees and more than 40,000 square feet of basketball history.

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