Red Book Celebrities in the Spotlight

Red Book Celebrities in the Spotlight

To recognize hobby icons and create a record of their contributions, the American Numismatic Association (ANA) conducts the Legacy Series – live interviews with notables in the coin community. The events, held in conjunction with ANA conventions, is intended to honor individuals who have profoundly influenced the hobby and to give listeners some insight into their lives, personalities and achievements.

The eleventh installment of this series will be presented on Thursday, Aug. 15, at 5 p.m. during the ANA World’s Fair of Money® at the Donald E. Stephens Convention Center (Room 44) in Rosemont, Ill. The guests of honor will be Kenneth E. Bressett, editor emeritus of A Guide Book of United States Coins (the “Red Book”), and Jeff Garrett, who was named senior editor of the essential hobby reference in May 2018.

Conducted by Numismatist Editor-in-Chief Barbara Gregory, the interview will focus on their early years (including numismatic background and interests), their challenges and crowning achievements in the publishing world, how the Red Book has affected their careers and perspectives, what inspires them, and what’s in store for them, both personally and professionally.

Admission to the Legacy Series interview is free and open to all ANA members and guests, but reservations are requested. To reserve a seat, call 1-800-514-2646. Members can register online.

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.

Useful Tips on Avoiding Fakes Topic of ANA Presentation

Michael Fuljenz(Rosemont, Illinois) July 3, 2019 – Former American Numismatic Association authenticator, grader and instructor, Dr. Michael Fuljenz, will give expert advice about counterfeits in the marketplace during his Money Talks seminar at the ANA 2019 Chicago World’s Fair of Money® (www.WorldsFairofMoney.com).

Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas, will present an illustrated talk entitled, “Fake(s) News: The proliferation of counterfeits & how to avoid becoming a victim,” at 1 pm on Friday, August 16. It will be in Room 6 of the Donald E. Stephens Convention Center in the Chicago suburb of Rosemont, Illinois, site of the ANA convention.

He will show examples of counterfeit coins and fake third-party certification holders that are entering the marketplace. Fuljenz will explain how to avoid becoming a victim and what to do if you discover you’ve unwittingly purchased a counterfeit.

He has personally assisted collectors and investors recover hundreds of thousands of dollars after they unsuspectingly purchased counterfeits from dealers who knowingly or unknowingly sold them.

“Counterfeit coins are costing unsuspecting buyers millions of dollars nationwide. Fakes are often manufactured in China and sometimes in the Middle East then brought into the U.S., and you must be very cautious,” he advised.

“For the past three decades I have lectured about counterfeit detection at law enforcement seminars. I have seen numerous counterfeit silver dollars and gold coins of all kinds, and I’ve seen mint marks added to many altered coins. Be aware that the counterfeit coin industry has grown exponentially in recent decades. Buyer and seller must beware,” Fuljenz emphasized.

In 2012, he worked with Texas Congressman Lamar Smith and former Congressman Jimmy Hayes to win approval of the Collectible Coin Protection Act to provide additional help to protect the public and combat counterfeits. In 2017, Fuljenz assisted the Texas Attorney General to create a consumer/investor protection advisory about buying and selling gold coins.

Known as America’s Gold Expert®, Fuljenz is a former authenticator, grader and Summer Seminar instructor for the American Numismatic Association Certification Service, and currently is a member of the Anti-Counterfeiting Task Force. He teaches about combatting counterfeiting and numismatic fraud to law enforcement agencies on behalf of the Numismatic Crime Information Center. Fuljenz has received prestigious anti-counterfeiting service awards from the Professional Numismatists Guild and the Industry Council for Tangible Assets (ICTA) and has sponsored the American Numismatic Association’s highest honor, the Farran Zerbe Award, for the past eight years.

In addition to his work as a top executive at Universal Coin & Bullion and his volunteer civic work in Beaumont, he has served with distinction as a consultant to the Federal Trade Commission, U.S. Postal Service, Attorney General of Texas, the United States Mint and Royal Canadian Mint, and is on the Boards of Directors of Crime Stoppers of Beaumont, ICTA and the Numismatic Literary Guild. He also is serving his third term on the State Bar of Texas Advertising Review Committee.

What’s Hotter than Las Vegas in Summer? Finest Known Coins Catch Fire at Legend’s 33rd Regency Auction

(June 28, 2019—Lincroft, NJ)— Record prices fell at Legend Rare Coin Auctions’ June 2019 Regency Auction as multiple advanced Registry Set collectors fought it out to add finest known issues to their top ranking sets on the PCGS Registry. Besides the Finest Known coins, the action was as hot as the summer sun in the Las Vegas desert (it was a balmy 101 outside). Again, the explosive bidding activity proved that collectors of all areas were out in force to buy quality coins. As usual, PCGS/CAC coins garnered the most attention and most active bidding, realizing solid to extremely strong prices. The Regency Auction, which is the official auction of the PCGS Members Show, proves that even smaller sales get the same draw and attention of the larger conventions. While attendance was not strong at the show, pre internet and live during the sale internet bidding was the most active of ANY auction we have ever had. The top selling lots were a pair of Top Pop Mercury Dimes, which three very advanced collectors drove to shocking world record prices: lot 211, a 1931-S in PCGS MS67+ FB CAC realizing $270,250 and lot 220, a monster toned 1938-S PCGS MS68+ FB CAC sold for $364,250. All prices realized include the 17.5% Buyer’s Premium.

“Opening the sale was the Hunter Collection,” said Julie Abrams, president of Legend Rare Coin Auctions. “For the first hour and a half of the sale, it was standing room only with a huge crowd in the auction room. Collectors fought it out over and over, driving prices higher to take home the greatest prizes. The current market is as quality conscientious as ever, and Premium Quality coins (especially toners) are bringing premium bids!”

“Bidders on the phone, in the room, and online fought ferociously to bring home the prizes for their collections,” said Laura Sperber, founder of LRCA. “Julie, Jessica, and I were on the phone with bidders who really desired the absolute best coins. Clearly, Legend Rare Coin Auctions has built a clientele that are the strongest buyers, especially for the finest PCGS/CAC coins in the world and monster toned examples. We consistently sell top pop toners for world record prices that no other auction firm can touch! However, not everything had to be a pop 1 wildly toned piece to attract loads of bidder and realize strong prices. Even PCGS NO CAC coins preformed especially well ($20 1904 PCGS MS67 realized $73,437). A small group of exceptional Proof Barber dimes and quarters performed exceptionally well. Another area that performed strong: Morgan Dollars. Legend is a rising star among auction companies when it comes to selling the best quality Morgans.”

“Auction after auction, our boutique auction program gets the biggest buyers’ attention, and they return, every auction, knowing that we sell the very best coins on the market,” Julie Abrams stated. “That is why the consignors keep coming back. We offer much more then just auctioning your coins. If you have not yet consigned to our record breaking sales, now is the time to do so. We are now accepting consignments for our September Regency Auction, so contact one of our consignment specialists today. Take a look at these highlights (to name just a few) and let us do the same for you!”

  • Lot 10. 10C 1798 Large 8. PCGS MS62 CAC From the Hunter Collection. Realized $30,550
  • Lot 73. 1C 1955 Doubled Die. PCGS MS64 RD CAC. Realized $14,688
  • Lot 92. 3CS 1855 PCGS PR64 CAC. Realized $13,513
  • Lot 131. 5C 1911 PCGS PR67+ CAC. Realized $6,169
  • Lot 167. 5C 1939 REV 38 PCGS PR68 CAC. Realized $6,168.75
  • Lot 197. 10C 1916-D Mercury. PCGS MS64 FB CAC. Realized $38,775
  • Lot 204. 10C 1923 PCGS MS68 FB CAC. Realized $35,250
  • Lot 231. 10C 1943-D PCGS MS68 FB CAC. Realized $5,053
  • Lot 242. 25C 1877 PCGS MS68 CAC. Realized $27,025 (wildly toned)
  • Lot 268. 25C 1949-D PCGS MS68 CAC. Realized $43,475 (wildly toned)
  • Lot 269. 25C 1952-D PCGS MS67+ CAC. Realized $21,150
  • Lot 279. 50C 1876-CC PCGS MS66+ CAC. Realized $31,725
  • Lot 290. 50C 1920-D PCGS MS65+ CAC. Realized $29,375
  • Lot 306. 50C 1942-D PCGS MS68. Realized $34,075
  • Lot 308. 50C 1943 PCGS MS68 CAC. Realized $28,200 (wildly toned)
  • Lot 343. $1 1881-S PCGS MS66 CAC. Realized $11,163 (wildly toned)
  • Lot 383. $1 1902-O PCGS MS67 CAC. Realized $19,387.50
  • Lot 475. $20 1882-CC PCGS MS62 CAC. Realized $31,725
  • Lot 482. $20 1904 PCGS MS67. Realized $73,438
  • Lot 503. 50C 1935 Spanish Trail. PCGS MS68. Realized $17,038
  • Lot 513. $1 1879 J-1629. PCGS PR67 CAC. Realized $36,425
  • Lot 514. $3 1875 J-1436. PCGS PR65 RB CAC. Realized $73,438

Legend Rare Coin Auctions is a boutique numismatic auction company specializing in the finest and rarest U.S. coins. Founded in 2012 by Laura Sperber, the owner and president of Legend Numismatics, the premier rare coin retail firm. LRCA was, from the outset designed to be a different kind of rare coin auction firm. LRCA’s staff of numismatic auction industry veterans includes Julie Abrams, president; Greg Cohen, senior numismatist; and Jessica Berkman, consignment coordinator. The firm’s Regency Auctions serve as the official auction for the PCGS Members’ Shows, held six times per year. Since its founding, LRCA has sold many important collections, resulting in world-record prices, including the Coronet Collection of Morgan Dollars (#1 all time PCGS set); the David Hall—Bob Simpson Collection of Liberty Head Eagles; the Sunnywood-Simpson Collection of Morgan Dollars; the Phil Flannagan Collection of Territorial Gold, Toned Dollars, and 1795 coins; duplicates from the Gerald Forsythe Collections of Buffalo Nickels and Mercury Dimes; the Bob Simpson Collection of Standard Silver Patterns; the Northern Lights Collection of Monster Toned Morgan Dollars; the Crow River Collections of Indian Head $10s and Peace Dollars; the P.F.M Collection (former #6 PCGS Set of Morgan Dollars with varieties); the Oak Crest Collection of Carson City $5 gold; the Konstantine Collection of Capped Bust Half Dollars, the #1 PCGS Set of Red Book varieties, 1807-1836. The firm’s impressive record also includes the 2nd highest APR in 2016 with the sale of Bob Simpson’s duplicate 1879 $20 “Quintuple Stella” which realized $1,880,000. To consign to an upcoming auction or request information, visit www.legendauctions.com.

United States Mint and Royal Canadian Mint Launch Limited Edition Coin Set Celebrating the Pride of Two Nations

WASHINGTON — United States Mint (Mint) Director David Ryder welcomed Royal Canadian Mint CEO Marie Lemay to the Mint’s Philadelphia coining facility today to launch the 2019 Pride of Two Nations Limited Edition Two-Coin Set™. The Set commemorates the nationhood of both countries with coins that capture their rich history, pride, and their close relationship as neighbors and friends. This unique product is a joint coin set between the two Mints.

“Not only do the United States and Canada share a border, but we also share history and many cultural values that have resulted in an enduring relationship,” Ryder said. “This coin set is a fitting tribute to our abiding friendship, strong alliance, and commitment to cooperation.”

The limited edition set became available for purchase today at noon EDT through the Mint’s online catalog at catalog.usmint.gov. Priced at $139.95, it contains a United States Mint American Eagle One Ounce Silver Coin with an enhanced reverse proof finish and a Royal Canadian Mint One Ounce Silver Maple Leaf Coin with a modified proof finish. The set comes with the first bilingual Certificate of Authenticity produced by the United States Mint.

A limited supply of the two-coin set was available for purchase following the brief ceremony, with Mr. Ryder and Ms. Lemay signing Certificates of Authenticity upon request.

The obverse (heads) of the American Eagle One Ounce Silver Coin 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 the laurel and oak in he left. The coin’s reverse (tails) features a heraldic eagle with shield, an olive branch in the right talon and arrows in the left.

The obverse of the One Ounce Silver Maple Leaf Coin features the effigy of Her Majesty Queen Elizabeth II by Susanna Blunt on a radial lines background with a pattern of stars and maple leaves on the perimeter. The reverse features a maple leaf by Walter Ott on a radial lines background with a pattern of stars and maple leaves on the perimeter.

In addition to ordering through the Mint’s online catalog, orders for the 2019 Pride of Two Nations Limited Edition Two-Coin Set are being accepted 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. Information about shipping options is available at catalog.usmint.gov/customer-service/shipping.html.

Mintage of this historic set has been set at 110,000 units. Orders will be limited to five units per household for the first 48 hours of sales, after which the Mint will remove the limit.

PCGS major announcement about Prooflike designations

You’ll Like This PCGS Announcement About Prooflike

Now, all qualifying mint state U.S. and world coins, tokens and medals can be PCGS-certified as PL

(Santa Ana, California) July 2, 2019 – Any and all qualifying mint state United States and world coins, as well as tokens and medals submitted to Professional Coin Grading Service (www.PCGS.com), are now eligible to receive the desirable designation, Prooflike (PL). The formal announcement about the expansion of PL eligibility is yet another positive opportunity for collectors and dealers to showcase their PCGS-certified coins.

According to PCGS standards, a coin’s surface is Prooflike when there is a clear reflection in the fields on both sides as viewed from two to four inches away. A cloudy effect or striations may impede the reflectivity.

The PL designation was available first for qualifying Morgan silver dollars when PCGS opened for business in February 1986. Since then, additional U.S. coin denominations and types have been added, such as California fractional gold and world coins, in the past year.

“As of July 1, all mint state coins, tokens and medals, U.S. and world, that meet the PCGS Prooflike standards now are eligible for PL designation,” said Brett Charville PCGS President.

“During the Ask Me Anything we conducted on our U.S. Coin Forum, it became clear that there was confusion regarding what coins are eligible for Prooflike designation and a desire for expanding this designation to all mint state coins. We decided to take a hard look at Prooflike designations, and this announcement is the continuation of addressing the requests of our community in The Year of the Customer,” stated Charville.

“While Prooflike surfaces on vintage coins other than Morgan Dollars are infrequently encountered, we felt it was appropriate to formally recognize them. Two perfect cases in point are the PCGS MS68PL 1899-S Liberty Head $5 and PCGS MS65+PL 1871-CC Dime. They are dazzling examples that ideally display the attributes we are looking for,” said Mike Sherman, PCGS Director of Numismatics.

The first notable coin to receive the PL designation is the 1899-S Liberty Head $5 gold coin. Struck in San Francisco, the coin exemplifies the incredible quality of the mint during that time with nearly flawless fields. The grade of PCGS MS68PL makes it one of the finest known.

This 1899-S Half Eagle is graded PCGS MS68PL. (Photo credit: Professional Coin Grading Service www.PCGS.com).

The second notable coin, the 1871-CC 10C recently graded MS65+PL, is by far the finest known of this scarce date with an estimated survival of around 100 pieces. “The surfaces are fully PL, where all other mint state examples display a more satiny luster. Calling this amazing, rare coin PL and having it be a highlighted example for the new PCGS PL program was an easy choice,” said PCGS Director of Numismatic Education and Outreach, Steve Feltner.

This 1872-CC Liberty Seated dime, graded PCGS MS65+PL, is the finest known of this scarce date and mint mark. (Photo credit: Professional Coin Grading Service www.PCGS.com).

A convenient guide to submitting coins to PCGS for authentication and grading is available online at www.pcgs.com/submissionguide.

For information about PCGS products and services, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

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