DISASTER RELIEF

Spectacular PCGS-Certified Morgans Command Record Prices in Sotheby’s Auction

(June 11, 2018) — The recent Sotheby’s Historic Coins and Medals Auction in New York set new price records with Morgan silver dollars certified by Professional Coin Grading Service (www.PCGS.com) for authenticity and grade.

“The six most valuable coins sold in the auction were graded by PCGS, and a total of 86 of the 100 coins in the complete Morgan dollar set offered by Sotheby’s were certified by Professional Coin Grading Service. PCGS helps maximize the value of your coins while providing the greatest liquidity,” said PCGS President Don Willis.

Three record-setting coins from the collection of Ralph and Lois Stone are of special note for their condition rarity and desirability.

An 1884-S Morgan graded PCGS MS67, estimated at $300,000 to $500,000, sold for $735,000.

The “King of Morgan Dollars,” an 1893-S graded PCGS MS65, also sold for $735,000 and also against a pre-auction estimate of $300,000 to $500,000. The previous auction record for an 1893-S of that grade was $646,250 set in 2014.

An 1892-S dollar, graded PCGS MS67, was estimated at $250,000 to $350,000 and sold for $495,000, breaking the previous $446,500 record set in 2015 for that date and grade.

“The ’92-S is rather common in circulated grades, but a true rarity in higher mint state. The outstanding Sotheby’s auction proved there is continuing demand for truly scarce, high-grade classic United States coins,” explained Willis.

All prices include the buyer’s premium. A full list of prices realized for all of the PCGS-certified coins in the May 21, 2018 Sotheby’s can be found at: https://www.pcgs.com/auctionPrices/auctionsaledetails/sothebys/historic-coins-medals/firmid/10016/saleid/5213246751279596814

Since its founding in 1986, PCGS experts have certified over 38 million coins with a total market value of over $33 billion. For information about PCGS products and services, including how to submit your coins for authentication and grading, visit www.PCGS.com or call PCGS Customer Service at (800) 447-884

World’s Fair of Money Commemorative Medal Redesign Represents Brotherly Love

A revised commemorative medal design for the Philadelphia World’s Fair of Money was unveiled today by the American Numismatic Association. Designed by Jamie Franki and sculpted by noted medallic artist Heidi Wastweet, the reverse of the commemorative medal required a redesign after ownership questions surfaced around the famous Philadelphia LOVE graphic, which was originally depicted on the medal.

The reverse of the medal has been redesigned in the form of a Philadelphia love token, and features engraved elements from American paper currency that form a heart shape. The Eye of Providence, a quintessential engraved element from the dollar, forms the “o” in Love, and creates a tie to William Penn’s forward-thinking gaze depicted on the obverse. The love token, which has been engraved upon the surface of a reeded coin, also features the meaning of Penn’s “City of Brotherly Love” as it translates from the Greek.

On the obverse remains William Penn; English real estate entrepreneur, philosopher, early Quaker and founder of the British North American colony the Province of Pennsylvania.

“Love has likely been a subject for every known mode of human artistic expression,” said Franki. “One example of particular interest to numismatists is the tradition of the love token.”

Professor Jamie Franki currently teaches Illustration at the University of North Carolina at Charlotte, and he serves as a contributing designer for the United States Mint’s Artistic Infusion Program. Franki is a member of the American Medallic Sculpture Association, the ANA and the Charlotte Coin Club. In 2011, Franki received the ANA’s Presidential Award for his artistic practice and service to the numismatic community.

“Heidi Wastweet has sculpted thousands of masters for coins and medals and I knew her experience and insight would elevate this important commemorative into a true work of art,” said Franki.

Wastweet serves the United States Mint as an elected medallic expert on the Citizen’s Coinage Advisory Committee. She also serves as the president of the American Medallic Sculpture Association.

The reverse of the commemorative medal originally featured the famous Philadelphia LOVE sculpture graphic created by artist Robert Indiana in 1964. When Indiana first created his art, he failed to properly file a copyright for LOVE, which has thrown ownership of the design into question. Indiana died on May 19. In light of newly surfacing questions about the estate proprietorship of Indiana’s LOVE designs and sculptures, Franki and the ANA opted to change the design out of respect to the late artist and his estate.

Medals are available as a convention medal badge (1.5” bronze medal with a ribbon drape) $20; bronze medal (2.75”) $65; or as a two-medal (1.5” bronze medal and 1.5” .999 FS medal, numbered) set for $100. Shipping is $6.95 per order.

Medals can be ordered by calling 800-514-2646. Attendees of the show can also purchase the medal at booth #99 in the Shop the ANA area.

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 nearly 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.

United States Mint Bags and Rolls of Voyageurs National Park Quarters Available Starting on June 11

WASHINGTON – Bags and rolls of United States Mint (Mint) America the Beautiful Quarters® Program coins honoring Voyageurs National Park in Minnesota will be available for purchase starting on June 11 at noon Eastern Daylight Time (EDT).

The quarter’s reverse (tails) depicts a common loon with a rock cliff in the background. The inscriptions are “VOYAGEURS,” “MINNESOTA,” “2018,” and “E PLURIBUS UNUM.” The obverse (heads) features the 1932 portrait of George Washington by John Flanagan, restored to bring out subtle details and the beauty of the original model. Inscriptions are “UNITED STATES OF AMERICA,” “LIBERTY,” “IN GOD WE TRUST,” and “QUARTER DOLLAR.”

The Mint is offering the following product options:

PRODUCT CODE PRODUCT OPTION MINT MARK PRICE
18ABG 100-Coin Bag P $34.95
18ABH 100-Coin Bag D $34.95
18ABJ 100-Coin Bag S $34.95
18ARG Two-Roll Set P, D $32.95
18ARH 40-Coin Roll S $18.95
18ARJ Three-Roll Set P, D, S $46.95

The Mint produces the coins in the rolls and bags at its facilities at Philadelphia, Denver, and San Francisco. The three-roll set contains coins from all three facilities. Unlike the “P” and “D” mint mark quarters, those with the “S” mint mark will not be released into circulation.

The special numismatic wrapping for the coin rolls displays the name “Voyageurs National Park;” the abbreviation “MN” for Minnesota; “$10,” the face value of its contents; and “P,” “D,” or “S” for the mint of origin. The canvas bags have a tag with “Voyageurs National Park;” “MN;” and “P,” “D,” or “S.”

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

United States Mint to Hold Launch Ceremony for Voyageurs National Park Quarter on June 14

WHAT: The United States Mint and the National Park Service will hold a launch ceremony for the America the Beautiful Quarters® Program coin honoring Voyageurs National Park in Minnesota.

Event highlights include music performances by International Falls native Gavia Yount and local artist Darcy Sullivan. Additional ceremony participants include Boy Scouts of America Troop #150, Cub Scout Troop #145, Girl Scouts of America Troops #1150, 1151, 1153 and 1156 and Veterans of Foreign Wars Color Guard #2948. A coin exchange of $10 rolls of Voyageurs National Park quarters will follow the ceremony.

WHO:

  • David J. Ryder, Director, United States Mint
  • Bob DeGross, Superintendent, Voyageurs National Park
  • Cathy Chavers, Tribal Chairwoman, Bois Forte Band of Chippewa
  • Ida Rukavina, Regional Outreach Director for U.S. Senator Amy Klobuchar
  • Tom Whiteside, Representative for U.S. Congressman Rick Nolan
  • Leland Grim, Retired Professor of Ornithology, Master of Ceremonies

WHEN:

Thursday, June 14, 2018, at 11 a.m. CDT

WHERE:

Irv Anderson Amphitheater
360 Hwy 11 East
International Falls, MN 56649

COIN FORUM
The United States Mint will host a coin forum the evening before the launch ceremony—Wednesday, June 13, 2018, 5–6 p.m. CDT—at Kabetogama Lake Town Hall, 9707 Gamma Road, Kabetogama, MN. The coin forum is an opportunity for the public to learn about upcoming United States Mint coin programs and initiatives, and express their views about future coinage.

The Voyageurs National Park quarter is the 43rd release in the United States Mint America the Beautiful Quarters Program, a 12-year initiative that honors 56 national parks and other national sites authorized by Public Law 110-456. Each year, the public will see five new national sites depicted on the reverses (tails sides) of the America the Beautiful Quarters. The United States Mint is issuing these quarters in the order in which the national sites were officially established.

Eric P. Newman Numismatic Education Society Donates $50,000 to Support ANA’s Summer Seminar Program

The Eric P. Newman Numismatic Education Society has donated $50,000 to support the American Numismatic Association’s Summer Seminar. The donation includes a “matching” funds campaign to supplement the proceeds of the Young Numismatist Benefit Auctions.

The money also provides for the establishment of all-expense-paid scholarships for Young Numismatists (YNs) to attend the event. The “Eric P. Newman Young Numismatist Scholarship Program,” will help students who otherwise might not be able to attend the Summer Seminar, which celebrates its 50th anniversary this year.

The late Eric P. Newman, who became a member of the ANA in 1935, is widely remembered and respected for his work as an author, researcher and speaker. In 1958, he and his wife, Evelyn, established the Eric P. Newman Numismatic Education Society (EPNNES), which is dedicated to helping fellow numismatists realize their own potential.

As an ANA Summer Seminar instructor, Newman was an advocate for the program, which seeks to equip numismatists with the knowledge and skills necessary to become successful in the numismatic community.

Held annually on the campus of Colorado College in Colorado Springs (adjacent to the ANA), the Summer Seminar is a once-a-year opportunity for numismatic learning and camaraderie that offers students a varied selection of weeklong courses designed for discovery or continued study. For many students, the Summer Seminar is a life-changing event. It has catapulted the careers of several of the nation’s most respected collectors, authors and dealers.

“The ANA is so grateful to the Eric P. Newman Numismatic Education Society for its gracious donation,” said Kim Kiick, ANA executive director. “This donation helps encourage numismatic study and enables young collectors to grow and advance in their numismatic journeys. We welcome that support.”

The Young Numismatist Benefit Auctions are coordinated entirely by young collectors – everything from acquiring auction items and cataloging collected items, to organizing and conducting the auction.

Last year, the auctions raised $27,519. The donation from the Eric P. Newman Numismatic Education Society will double the amount raised this year by matching auction revenue dollar for dollar, up to $50,000. Anyone is allowed to bid on items. Proceeds support Young Numismatists scholarships and other seminar events.

Auction items are still being accepted for the two-week event, which kicks off on June 16. For information about donating an auction item, call Amber Bradish at (719) 482-9865 or email abradish@money.org.

Andy Newman, who is the son of Eric Newman and president of the Eric P. Newman Numismatic Education Society, noted that his father was a huge supporter of young collectors. “Dad cared deeply about building knowledge and involvement in young numismatists. He loved giving numismatic badges to Boy Scouts and instructing at the ANA Summer Seminar,” he said. “He would be greatly honored by the association of his name with this fine program.”

“The support from EPNNES for the Summer Seminar honors Eric Newman as a distinguished and lifelong leader in the field of numismatics,” said ANA President Gary Adkins. “It also allows the ANA to continue to offer high-quality resources and programs to its members, as well as enhance and grow these offerings. We’re very thankful for this support.”

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 instructional and outreach programs, as well as its museum, library, publications and conventions. For more information, call 719-632-2646 or visit www.money.org.

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