Hopes for Return in February 2021
It is with a heavy heart that we, in coordination with the Long Beach Convention Center, are announcing the cancellation of the September Long Beach Coin, Currency, Stamp and Sports Card Expo. We are still adhering to the guidelines set forth by Governor Gavin Newsom’s March 12th Executive Order to cancel all large gatherings due to the spread of COVID-19. This show was initially scheduled for September 17-19, 2020. Once again, it’s important to reiterate that there will be no business being conducted at the Long Beach Expo during the allotted showtimes in September.
If you are interested in participating in the September Long Beach Expo U.S. Coins, Currency, or World Paper Money Signature Auctions hosted by Heritage Auctions, they will be accepting online and phone bidding only. Links to the corresponding auction information and listings can be found here: U.S. Coins Auction, U.S. Currency Auction, World Paper Money Auction.
With the increased spread of coronavirus cases throughout Southern California, we need to stand by our policy of putting the health and safety of our attendees, our exhibitors, and our staff first. After seeing the collectibles industry as a whole band together and support one another over the past couple of months, we at the Long Beach Expo are honored to be a part of this wonderful hobby. We know that we’ll all get through this together.
For the Long Beach Expo, well, our focus immediately turns to February 4-6, 2021 in Hall C. We can all agree that 2020 has been a difficult year; however, we think 2021 will present great highs for all of us. After all, it’s the Long Beach Expo way to offer the best auctions, exhibits and dealers in the business. We hope to see you then.
Stay tuned to all future Long Beach announcements: www.LongBeachExpo.com.
For all information regarding COVID-19: https://www.cdc.gov/coronavirus/2019-ncov
We wish you all continued good health and safety.
-Long Beach Expo
The 1890 $1,000 Grand Watermelon was the first banknote to cross the million-dollar threshold at auction
anta Ana, California, July 9, 2020) – The finest-known example of the ultra-rare 1890 $1,000 “Grand Watermelon” Treasury Note, which in 2005 became the first banknote to bring $1 million at auction, has been certified and graded by PCGS Banknote (www.PCGS.com/banknote). Issued in $100 as well as $1,000 denominations and originally redeemable in gold or silver coin, they were dubbed “Watermelon” notes because of the color and design of the large zeroes on the reverse of the note.
The $1,000 note, commonly referred to as a “Grand Watermelon,” is extremely rare and given the large face value of this 1890-vintage note – $1,000, roughly equivalent to $29,000 today – it was scarcely seen outside of interbank commerce. This rarity, cataloged by banknote experts Arthur L. and Ira S. Friedberg as Fr.379a, saw a tiny printing of only 16,000 and just two are known today and available in private hands. The piece PCGS Banknote recently graded is featured on the cover of 100 Greatest American Currency Notes by Q. David Bowers and David M. Sundman (Whitman Publishing, 2005).
“I am very excited to have this iconic and historic note certified and encapsulated by PCGS Banknote,” says Stack’s Bowers Galleries Director of Currency Peter A. Treglia. “I believe it continues to solidify its importance to the numismatic community.”
“Year after year, PCGS-graded coins top the list for highest auction prices realized,” says PCGS President Brett Charville. “When we relaunched our banknote grading service, we knew we would attract the best of the best. Not only does this piece represent one of the most important rarities in our hobby, but to have it come through our grading room just six months after resuming our banknote grading services domestically also highlights the trust and confidence the industry has in PCGS and underscores that our holders offer the maximum in value, security, and liquidity.”
About Professional Coin Grading Service
Professional Coin Grading Service (PCGS) is the premier third-party coin and banknote grading company that was launched in 1986. Over nearly 35 years, PCGS has examined and certified some 44 million U.S. and world coins, banknotes, medals, and tokens with a combined value of more than $38.8 billion. For more information about PCGS products and services, including how to submit your coins for authentication and grading, please visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.
Auction houses set records with over $167 million in winning bids during the first six months of 2020
(Temecula, CA) July 6, 2020 – The market for high-quality, rare United States coins remained active during the first six months of 2020 despite pandemic-related closures of many retail locations and cancelation of dozens of coin shows and numismatic conventions around the country, according to the Professional Numismatists Guild (www.PNGdealers.org). The PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money experts.
“Even with economic uncertainty and the lack of face-to-face transactions and in-person floor bidding, major auction firms reported selling more than $167 million of U.S. rare coins in online public auctions during the first half of the year. Dozens of record prices were established for coins selling for five, six and even seven figures,” said PNG President Richard Weaver.
One of the many examples of superb quality rare coins commanding record prices was the $101,251 winning bid for the finest known 1905 Barber design silver quarter-dollar graded PCGS MS68 CAC offered by GreatCollections Coin Auctions. It sold for four times its price guide value.
Over a half dozen coins brought $1 million or more. The two most valuable U.S. coins sold at auction so far in 2020 were a record $2,160,000 for a 1927-D Saint-Gaudens gold $20 (Double Eagle) graded PCGS Mint State 65+ CAC sold by Heritage Auctions, and $1,920,000 for an 1854-S gold $5 (Half Eagle) graded PCGS About Uncirculated 58 CAC sold by Stack’s Bowers Galleries.
In addition to the reported auction results, PNG conservatively estimates that least another $150 million of U.S. coins were sold by these auction firms in private transactions in the first half of the year.
“Sales of precious metal bullion coins, such as gold and silver American Eagles, also have been active and premiums over their intrinsic value have risen as supplies dwindled due to pandemic-related interruptions of coin production at the United States Mint,” said Weaver.
“As always, to avoid counterfeits we recommend that buyers of rare coins or bullion coins should only purchase from reputable, knowledgeable dealers, such as members of the Professional Numismatists Guild and its Accredited Precious Metals Dealer program (www.APMDdealers.org),” he emphasized.
Auction firms responding to a PNG request for information were Bonhams (www.bonhams.com): Ira & Larry Goldberg Auctioneers (www.GoldbergCoins.com): GreatCollections Coin Auctions (www.GreatCollections.com); Heritage Auctions (www.HA.com): Kagin’s (www.Kagins.com): David Lawrence Rare Coins (www.DavidLawrence.com): Scotsman Coin & Jewelry (www.scoins.com): and Stack’s Bowers Galleries (www.StacksBowers.com).
Additional information also was obtained through online auction archives at Christie’s (www.Christies.com); Legend Rare Coin Auctions (www.LegendAuctions.com); Sotheby’s (www.Sothebys.com); and Spink (www.Spink.com).
Professional Numismatists Guild members must adhere to a strict code of ethics in the buying and selling of numismatic merchandise. For additional information, visit www.PNGdealers.org or contact the PNG by phone at 951-587-8300 or email at email@example.com.
WASHINGTON – The United States Mint (Mint) today officially announced the designs for the 2020 American Innovation™ $1 Coin Program. The new designs will appear on the reverses (tails) of $1 coins honoring innovations and/or innovators from Connecticut, Massachusetts, Maryland, and South Carolina.
Mint Chief Engraver Joseph Menna created and sculpted the Maryland American Innovation $1 Coin design. Mint Artistic Infusion Program artists created the designs for the remaining 2020 American Innovation $1 Coins, which Mint Medallic Artists sculpted. Here’s what the public can expect to see:
American Innovation – Connecticut
Designer: Richard Masters
Sculptor-Engraver: Renata Gordon
The Connecticut $1 Coin recognizes the Gerber Variable Scale. The design depicts the scale being used to increase a geometric shape by 200 percent, a shape that resembles the state of Connecticut. Inscriptions are “UNITED STATES OF AMERICA,” “GERBER VARIABLE SCALE,” and “CONNECTICUT.”
American Innovation – Massachusetts
Designer: Emily Damstra
Sculptor-Engraver: Eric David Custer
The Massachusetts $1 Coin recognizes the invention of the telephone. The design depicts the dial of an early rotary telephone. Inscriptions are “MASSACHUSETTS,” “TELE-PHONE,” and “UNITED STATES OF AMERICA.”
American Innovation – Maryland
Designer: Joseph Menna
Sculptor-Engraver: Joseph Menna
The Maryland $1 Coin pays homage to the Hubble Space Telescope. The design depicts the telescope orbiting the earth surrounded by a field of stars. Inscriptions are “UNITED STATES OF AMERICA,” “THE HUBBLE SPACE TELESCOPE,” and “MARYLAND.”
American Innovation – South Carolina
Designer: Justin Kunz
Sculptor-Engraver: Phebe Hemphill
The South Carolina $1 Coin recognizes educator and civil rights activist Septima Poinsette Clark. The design depicts Ms. Clark marching with three young African American students who carry books and an American flag, representing that education and literacy among oppressed people are necessary for empowerment and enjoyment of civil rights. Inscriptions are “UNITED STATES OF AMERICA,” “SEPTIMA CLARK,” and “SOUTH CAROLINA.”
On-sale dates for products containing the 2020 American Innovation $1 Coins will be published on the Mint’s Product Schedule here. When available, the Mint will accept orders at catalog.usmint.gov/. Information about shipping options is available at catalog.usmint.gov/customer-service/shipping.html.
The American Innovation $1 Coin Program is a multi-year series featuring distinctive reverse designs that pay homage to America’s ingenuity and celebrate the pioneering efforts of individuals or groups from all 50 states, the District of Columbia, and the U.S. territories.
First major variety discovery of that
Early Half Dollar date in nearly a century
(June 30, 2020; Santa Ana, California) – Professional Coin Grading Service (www.PCGS.com) has confirmed a new die marriage for the 1795 Flowing Hair Half Dollar. The coin was struck with a previously unknown obverse die and is now recognized as the new Overton 133 variety.
It is the first new major die variety to be discovered on a 1795 Flowing Hair Half Dollar in more than 90 years, according to PCGS.
“The new die marriage was discovered by an advanced Early and Capped Bust Half Dollar collector who wishes to remain anonymous at this time,” explains Colorado coin dealer W. David Perkins. He submitted the discovery coin to PCGS and will be offering the 1795 O-133 Flowing Hair Half Dollar for sale.
“This newly identified die marriage is significant as there has been only one other 1795 Flowing Hair Half Dollar die marriage discovered since the Haseltine Type Table Sale in 1881! And that new marriage, 1795 O-132, was discovered prior to the 1929 Beistle half dollar book being published,” explains Perkins.
The coin has been graded PCGS F15 Overton 133 and has the “Discovery Coin” designation on the label.
“The discovery of this variety, struck from a new and previously unknown die mated to a known and previously used reverse die, was previously sold as an unattributed piece, which highlights why having the experts at PCGS attribute your coins can be so important,” says PCGS President Brett Charville.
“We at PCGS love stories like this, and we are also proud to have had the opportunity to grade and certify this piece as a discovery coin. With the 1795 O-133 Flowing Hair Half Dollar properly attributed and graded in our holder, it will ensure maximum security, value, and liquidity for the next collector who owns this outstanding rarity,” states Charville.
About Professional Coin Grading Service
Professional Coin Grading Service (PCGS) is the premier third-party coin and banknote grading company that was launched in 1986. Over nearly 35 years, PCGS has examined and certified some 43.9 million U.S. and world coins, medals, and tokens with a combined value of more than $38.8 billion. For more information about PCGS products and services, including how to submit your coins for authentication and grading, please visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.