United States Mint to Release 2019-dated American Eagle One Ounce Silver Uncirculated Coin on May 29

WASHINGTON — The United States Mint (Mint) will open sales for the 2019 American Eagle One Ounce Silver Uncirculated Coin (product code 19EG) on May 29 at noon EDT. The coin is priced at $46.95.

The American Eagle One Ounce Silver Uncirculated Coin is the collector version of the Mint’s American Eagle Silver Bullion Coin. It bears the “W” mint mark of the West Point Mint. The coin’s obverse (heads) design features Adolph A. Weinman’s full-length figure of Liberty in full stride, enveloped in folds of the flag, with her right hand extended and branches of laurel and oak in her left. The reverse (tails) design features a heraldic eagle with shield, an olive branch in the right talon, and arrows in the left.

Each encapsulated coin comes in a blue presentation box with a Certificate of Authenticity.

The Mint accepts orders at catalog.usmint.gov/ and 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT. Visit catalog.usmint.gov/customer-service/shipping.html for information about shipping options.

The American Eagle One Ounce Silver Uncirculated Coin is also available for purchase through the Mint’s Product Enrollment Program. View details about this convenient ordering option here.

Barber Coins and a New Generation of Collectors

by John Frost, president and journal editor of The Barber Coin Collectors’ Society

When I began collecting coins in fourth grade, I really got the bug, and soon took this new hobby of mine seriously. Like several of my friends I started with Lincoln cents, and I assembled most of the collection by sixth grade. Then a major event in my young numismatic life occurred when I visited my grandparents in Arkansas during a summer vacation. My grandfather gave me an old coin for my collection. It was a 1911-S Barber dime. It was only a Good+ coin, but it still retained enough meat on it to be interesting, and it was a coin that my grandfather had culled from circulation not too long before I was born. A second dime, a 1904-P given soon thereafter, was the clincher.

Those two coins got me started in Barbers, and I haven’t looked back since. By the time I began high school I had a complete year set of Barber dimes, along with most of the later mintmarked coins. Putting this set together took time and some real work, and it was a project I enjoyed. In those days only one or two dealers advertising in publications mentioned Barbers, and the coins didn’t show up at my local shop very often either. As my album filled up, I loved showing this set to other friends who collected coins. It was something different than everyone else’s collection!

Uncirculated grades are definitely in the minority for Barber silver coins. This 1911-S half dollar was owned by super-collector Louis Eliasberg. (Photos courtesy of Stack’s Bowers Galleries)

Barber coins were real workhorses in their time. Dimes, quarters, and half dollars were all used heavily in commerce, perhaps more so than any other coins that came before them. They had another big attraction for me: They hold up well to wear, and look quite decent even down to a grade of Very Good. This is great for Barber collectors. Many other coin designs don’t keep their attractiveness nearly as long. This means a collector with a limited budget can build a collection of lower-grade Barbers and still have an attractive set to appreciate. My dimes were a typical example of that.

As I grew older, I bought a bag of 90 percent silver coins that consisted of mostly worn-out Barber quarters, but included numerous VG coins, with even a couple of Fine and Very Fine coins mixed in. At the time there were no good comprehensive references on Barbers of any denomination. I relied solely on my Red Book, as a general guide. The more I examined my quarters, the more I got hooked on them. I began building a new collection! This presented a greater challenge than the dimes, as the Red Book clearly showed the quarter series has three clear key dates: the 1896-S, the 1913-S, and the king, 1901-S. Even outside the three key dates, there would be some tough coins, as well as rewards for a diligent collector. The 1914-S quarter, not even one of the keys, has the same low mintage as the famous 1916-D Mercury dime. However, it can be bought at a small fraction of the Mercury dime’s cost. What a bargain!

A huge day for me was when I acquired a 1901-S in VG. It was my first four-figure coin, and at $1,650, seemed like a good buy. That would turn out to be an understatement (today it’s closer to being a $10,000 coin). Over the years I upgraded each piece (sometimes more than once), and now my Extremely Fine to Mint State quarter set is a highlight in my collection.

The 1901-S is the king of Barber quarters. This Good-6 example sold in 2004 for $6,440. (Photos courtesy of Stack’s Bowers Galleries)

THE SPECIAL APPEAL OF BARBER SILVER COINS

The magic of the silver Barbers is that each of the three series has its own special and unique characteristics that make it great, and also make it different from the other two.

Building a set of dimes is a goal that is eminently attainable, with the key date 1895-0 and numerous semi-keys providing a real challenge, regardless of the grade range you’re collecting. And of course the dime series boasts one of the legendary rarities in U.S. numismatics—the 1894-S dime, a coin that even the sixth-grader version of me was aware of. Even though it wasn’t a regular issue, and is not needed for the “complete set,” its presence in the series adds to the fun of collecting.

An 1895-O Barber dime in Good-6 condition—worn, but still attractive. (Photos courtesy of Stack’s Bowers Galleries)

The quarters have the “Big Three” issues which are very scarce, even in low grades, and provide a daunting challenge in any grade above Very Good. To me, however, the beauty of the quarter series is the huge challenge faced by anyone building a set in higher circulated grades, where many >semi-keys, not just the three keys, are very difficult to obtain.

The halves are larger pieces of silver, and, while posing a higher cost of entry than the other two series, are quite possibly the easiest Barber set to complete in lower grades. Although the halves do not have rare dates of the magnitude of the Big Three quarters, the series is loaded with semi-key issues that require time and dedication to acquire, especially in higher grades.

WELCOMING A NEW GENERATION OF COLLECTORS

The Barber Coin Collectors’ Society welcomes new members.

The Barber Coin Collectors’ Society welcomes new members.

In the early 1990s I discovered the David Lawrence Complete Guide books on the Barbers. When I met Dave in person, he introduced me to the Barber Coin Collectors’ Society (BCCS). My passion for Barber coins only increased, and I gained more knowledge about the three series than I ever could have imagined.

Nearly 25 years later, no new comprehensive references on Barbers were on the shelves, other than a few books focused solely on varieties. Then Dave Bowers began a new book, A Guide Book of Barber Silver Coins.

This brought together the latest information on these great coins and made it available to a wide group of new collectors. It provided these collectors with a comprehensive reference on all three series, all in one place. Another enjoyable facet of the Guide Book of Barber Silver Coins is that it puts these important coins in historical context, with anecdotes from the era in which they were made, and the many decades thereafter that they were used in day-to-day commerce.

When Dave Bowers solicited my assistance and that of the BCCS for our thoughts on the date-by-date coin analysis, we were honored and thrilled to help. His goals are consistent with the mission of the Barber Coin Collectors’ Society: to introduce a new generation of collectors to Barbers, and to provide the needed information to fuel their passion for these important and wonderful coins.

I hope you enjoy these impressive coins, understand their historical significance, and appreciate the numismatic challenge as much as I have. Happy collecting!

A long-time numismatist, John Frost is the president and journal editor of the Barber Coin Collectors’ Society, the director of education for the Liberty Seated Collectors Club, and co-author of the reference book Double Dimes—The United States Twenty-Cent Piece. He is also an instructor at the American Numismatic Association’s Summer Seminar, an award-winning exhibitor, and copresident of his local coin club in Massachusetts.
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A Guide Book of Barber Silver Coins, 2nd edition By Q. David Bowers; foreword by John Frost
ISBN 0794846386 • 6×9 inches, softcover, 400 pages, full color • Retail $29.95 U.S.

URL: https://www.whitman.com/store/Inventorv/Detail/A-Guide-Book-of-Barber-Silver-Coins-2nd-Edition+0794846386

Beware of grossly overpriced gold coins, cautions PNG

PNG-APMD(Temecula, California) May 28, 2019 – If you’re purchasing modern precious metals coins strictly for their silver, gold or platinum content, beware of significantly overpaying simply because the coins may be housed in fancy holders or accompanied by autographs of celebrities or the coins’ designers, cautions the Professional Numismatists Guild (www.PNGdealers.org).

“The personal finance market is filled with slick advertisements touting gold bullion coins labeled with a superb grade or in holders with decorative, autographed inserts. These may be fine collectibles for some, but you could pay more than twice the value of the precious metal content of the coin. There certainly are better ways for investors to buy bullion coins much closer to their actual intrinsic value,” stated Barry Stuppler, president of the Professional Numismatists Guild (PNG).

The Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and bullion coin dealers. PNG oversees the Accredited Precious Metals Dealer program (https://apmddealers.org), whose members must adhere to a strict code of ethics in the buying and selling of numismatic bullion items and guarantee the authenticity of the merchandise they sell.

“We are seeing a lot of advertising and marketing of precious metal bullion coins in holders with ‘limited edition’ specialty labels. These designs may include autographs of former United States Mint officials, sports Hall of Fame members or other celebrities. However, virtually every specialty label coin we’ve seen was offered at a price 200 to as much as 1,000 percent higher than a comparable bullion coin in the same condition without the signature or specially designed labels. And when an investor sells the coins with special labels they might only get a 5 to 10 percent premium,” said Stuppler.

“Don’t make any purchase until you have shopped around and learned the competitive prices for bullion items sold by others who don’t have high marketing expenses. Make sure you are not getting ripped off,” he advised.

“Modern gold, silver and platinum bullion coins, such as the American Eagle or Canadian Maple Leaf series, usually trade at a small premium over the actual spot precious metal content. Many major gold bullion dealers typically will sell a single, one-ounce gold American Eagle gold coin at approximately four to five percent over the current spot/melt value. The premiums are larger for 1/10th, 1/4th and 1/2-ounce coins,” explained Stuppler.

“Buyers also should distinguish between bullion coins whose values generally fluctuate according to the current price of gold, silver or platinum, and ‘rare coins’ that can carry a significant collector premium based on historical supply and demand. Some vintage U.S. gold and silver coins may be readily available in circulated condition for a modest premium over their bullion content, but those same coins in superb condition may have significantly higher value — perhaps thousands of dollars above their melt value,” added Stuppler.

“If you don’t’ know precious metals coins, you’d better know your precious metals coins dealer,” he cautioned.

A directory of PNG Accredited Precious Metals Dealers (APMD) members can be found at www.apmddealers.org/apmd-dealers. For additional information, contact the Professional Numismatists Guild at 951-587-8300 or by email at info@PNGdealers.org.

ANA Board of Governors Election Live

Printed and e-Ballots Sent to Voting-Eligible Members

The American Numismatic Association has partnered with Election Services Co. to conduct the 2019 Board of Governors election. Printed ballots are now in the mail, and voting instructions have been sent to members who have selected the online voting option.

All ballots include biographical information provided by the election candidates. These materials, as well as a Candidate Q&A, are available in the June issue of The Numismatist and online at money.org/election.

To be eligible to vote in the election, members must be 13 years of age or older as of March 31, 2019, and have been a member of the Association at least one year as of that date. ANA Member Clubs also are entitled to one vote. (Individuals that are the point of contact for their club receive two ballots – one for the individual member and another for the club.)

The deadline for receipt of ballots is 11:59 p.m. (MDT) on Monday, July 1, 2019. Ballots received after the deadline will not be counted.

Questions about the ballots or voting process can be directed to ANAhelp@electionservicescorp.com or 866-720-HELP (4357).

The American Numismatic Association is a congressionally chartered, nonprofit educational organization dedicated to encouraging the study and collection of coins and related items. The ANA helps its 25,000 members and the public discover and explore the world of money through its vast array of educational and outreach programs as well as its museum, library, publications, and conventions. For more information, call 719-632-2646 or visit www.money.org.

David W. Lange on the Enduring Appeal of the Lincoln Cent

Like most numismatists of my generation, I discovered the hobby of collecting coins through the Lincoln cent series. My introduction occurred at a very tender age, around six or seven, and I have my older brother Doug to thank for that. In the early 1960s coin collecting was all the rage, and it seems that every boy (and a few girls) were eagerly trying to fill their Whitman folders with Lincoln cents from 1909 to 1940 (No. 9004) and from 1941 onward (No. 9030). These folders were perhaps the most familiar tools of the coin hobby at the time, and competition to be the first to complete either one was keen in every American neighborhood.

June 1967: Young numismatist David W. Lange, his father (standing), and the neighbors who helped build his Lincoln cent collection.

Most young hobbyists soon tired of the pursuit and moved on to other interests, and my brother was no exception. I was gifted his partially filled Whitman folders and his one-volume library, which consisted of the 1964 Whitman Blue Book. Since that day, I have never known a time when I was not either fully consumed with numismatics or, as during high school, at least keeping it in my peripheral vision.

As a child, I eagerly pestered everyone I could find to examine their pocket change and their “penny jars” that each household seemed to keep. I managed to add several missing coins to the collection, but it became evident that the best years of cent hunting were already past. Soon I hit a wall, and only the newly released issues were being acquired. Additional folders were acquired for Buffalo and Jefferson nickels, Mercury and Roosevelt dimes, and even Washington quarters, though that series really cut into my candy and model-kit funds. Still yearning to add more Lincolns to my stalled collection, I made my very first numismatic purchase: a 1914 cent in Good condition for 75 cents—the same value it carries today in the Red Book! This exchange occurred at the coin-and-stamp counter in the local F.W. Woolworth store, and the very fact that old coins could be bought at general retail stores itself brings on a wave of nostalgia for a time long past.

When it seemed that this costly course would be my only hope of adding to my Lincoln collection, a miracle occurred. Our next-door neighbor Bob, who seemed to have every hobby under the sun, came over to our house bringing along daughter Robin and his home-built coin cabinet stuffed with plastic tubes full of coins. His job included emptying the parking meters along San Francisco’s waterfront, and he very carefully bought anything old or interesting that people had stuffed into these machines. In his hobby box he had tubes of such exotic fare as Shield nickels, Liberty Seated dimes, and three-cent pieces. But, most importantly, he had a tube for every date in the Lincoln cent series from 1909 through 1940. That evening he very thoughtfully filled most of the remaining openings in my Whitman folder, leaving only about half a dozen slots for the key dates. This magical occasion was captured on film by my brother, who had just received a camera for his birthday, and I cherish both that image and my memory of the experience. Included in this photo is my father standing behind me with a warm smile, the same one he has today in his early 90s.

It would be another 45 years before I finally finished that circulated collection of Lincoln cents with the purchase of the key 1909-S V.D.B. In the meantime, I’d already completed a second set in Mint State and About Uncirculated grades. Though beautiful, these coins meant less to me than the worn pieces which carried with them so many associations. I sold the high-grade set at auction, yet I still have my circulated collection, since upgraded from Whitman folders to Whitman albums.

Some years ago I wrote several titles in a series of “Complete Guide” books, and one of these focused on Lincoln cents. Though published in 1996, it has been reprinted several times, in each instance with a different cover design. Later, it was my privilege to be a contributor to Q. David Bowers’s first edition of the Guide Book of Lincoln Cents, which has succeeded my own as the current reference to the series. And this year, it was my even greater privilege to write the foreword for my long-time correspondent, good friend, and fellow Rittenhouse Society member, Dave Bowers, in the third edition of his Lincoln cent book.

No one captures the appeal of collecting coins like QDB, while simultaneously telling us everything we need to know about the subject at hand. To read A Guide Book of Lincoln Cents is to learn this series in depth and to fully appreciate the changing face of the Lincoln cent over more than a century. Included, too, are great anecdotes about the year in which each issue was coined. The only way to truly appreciate an old coin is to understand the role it played at the time, and by placing each entry in its historical context, Dave Bowers has brought it to life. Comparing his book’s great photos of Mint State coins with the same issues worn nearly slick, as so often found, gives a sense of how many generations used these coins in everyday life.

Chapters on history, the various mints, grading and buying Lincoln cents, and even ways of collecting the series make Dave’s book a treasure in its own right. So much of the information is applicable to any coin type that this reference is a must-have for any numismatic library.

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David W. Lange is Director of Research for Numismatic Guaranty Corporation in Sarasota, Florida, and the author of nine books on United States coinage and related subjects. For many years he has been an instructor at the American Numismatic Association’s Summer Seminar on the subject of collecting United States type coins. Lange was the 2017 recipient of the ANA’s Numismatist of the Year Award.

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