Second Edition of Q. David Bowers’s ‘Guide Book of Gold Eagle Coins’ Shares the Story of America’s $10 Gold Pieces

Feb 7, 2021 | Announcements

(Pelham, Alabama)—Whitman Publishing announces the release of the updated second edition of A Guide Book of Gold Eagle Coins, volume 24 in its popular Bowers Series of numismatic titles. The 448-page book will be available March 2, 2021. It continues in the tradition of the Guide Book of Morgan Silver Dollars and other best-selling “Official Red Book” guides. The full-color volume will be available online (including at Whitman.com) and in bookstores and hobby shops nationwide for $29.95.

As he did in the first edition, author and numismatic researcher Q. David Bowers combines the history of America’s $10 gold coins (minted 1795 to 1933) with coin-by-coin analysis, pricing in multiple grades, auction records, grading guides, and collecting tips to help enthusiasts build and enjoy their own set of gold eagles.

Bowers, nicknamed the “Dean of American Numismatics,” has been researching and writing about U.S. gold coins for more than 60 years. He has studied numismatic catalogs, periodicals, and books on gold coins. More importantly, he has personally examined hundreds of thousands of gold coins, many of them in the process of cataloging the most famous coin collections ever to cross an auction block.

Today these classic American gold coins have become highly popular and accessible for collectors, thanks in part to an influx of gold eagles returning from Europe since the 1950s, and the Internet making it easier than ever to find and purchase rare coins.

Bowers wrote A Guide Book of Gold Eagle Coins for collectors who want to create a valuable and attractive collection. The fully revised and updated second edition contains pricing for every gold eagle by year and mintmark, from the 1790s to 1933. Bowers includes updated details on rarity, advice on collectible grades, market analysis, and more than 50 years of auction records.

The second edition also includes new historical images of the U.S. Mint’s gold coin production, as well as close-up photographs of flaws, such as lintmarks and copper spots, that can detract from a coin’s grade and value.

Readers will find engaging and informative stories of some of the Philadelphia Mint’s earliest coinage, the famed Turban Head eagles of 1795 to 1804; the long-running series of Liberty Head eagles, minted for nearly 70 years from the 1830s to the early 1900s; and the innovative Indian Head eagles of 1907 to 1933. Bowers also explores famous shipwrecks and hoards of gold coins, the holdings of the National Numismatic Collection, the coins owned by King Farouk of Egypt, the coverage of gold eagles in price guides going back to the 1930s, and other fascinating side journeys.

Because Whitman Publishing is the Official Supplier of the American Numismatic Association, ANA members received 10% off when ordering the book directly from the publisher. ANA members can also borrow it for free from the Association’s Dwight N. Manley Numismatic Library.

The Royal Mint’s Tried and Tested Coins Now for Sale Following Historic Trial of the Pyx Ceremony

Feb 2, 2021 | Announcements

The Royal Mint has today released a selection of coins that have been subjected to the rigours of the 2020 Trial of the Pyx, and offer the chance to own a piece of history. Each year The Royal Mint sends a selection of coins to the coveted ceremony at Goldsmiths’ Hall, and those now available to buy include:

• The 200th Anniversary of the Birth of Queen Victoria 2019 UK £5 Gold Proof Coin
• The Queen’s Beasts The Falcon of The Plantagenets 2019 UK Five-Ounce Gold Proof Coin
• A Celebration of Sherlock Holmes 2019 UK 50p Gold Proof Coin

One of the highlights of the 2020 Trial of the Pyx was the presence of the two-kilo and five-kilo editions of the Una and the Lion 2019 UK Gold Proof Coin.

The Trial of the Pyx is one of the oldest judicial practices in the United Kingdom. At the Trial, samples of circulating and commemorative coins produced by The Royal Mint are selected at random and weighed for accuracy. Now held at Goldsmiths’ Hall, London, the Trial was first recorded publicly in 1282, and is presided over by the Queen’s Remembrancer or their deputy, who are amongst the highest legal representatives in the country, assisted by an independent jury of members of the Goldsmiths’ Company.

During the ceremony jury members are presented with Pyx boxes (Pyx being the Latin word for chest). The coins are picked from a random selection provided by The Royal Mint and placed in copper bowls. The remainder are placed in wooden bowls and are then weighed for accuracy. The Trial is then adjourned until May to allow time for trial coins to be tested by the Goldsmiths’ Company Assay Office and the National Measurement Office, however due to the Covid-19 pandemic, this year’s verdict was delivered virtually, for the first time in the ceremony’s history.

Graeme Smith, Queen’s Assay Master at The Royal Mint comments: “Every year coins produced by The Royal Mint go to the Trial of the Pyx, a ceremony which tests and confirms the quality and accuracy of each coin and is something which The Royal Mint prides itself on. The Royal Mint is the only mint in the world to undergo the rigorous independent testing that the Trial demands. I am delighted that the tested coins can now be purchased by coin collectors, this is the ultimate coin investment, allowing customers to own a true piece of British coin history that has been a part of one of the oldest judicial trials in the world.”

Whilst the Trial is steeped in ancient traditions, and attended by officers with some of the oldest job titles in the land (The Master and Deputy Master of The Royal Mint, The Queen’s Assay Master, The Queen’s Remembrancer), the Trial of the Pyx is as relevant today as it has always been, and continues to play an extremely important role, supporting The Royal Mint’s international reputation for excellence in production.

Every Trial of the Pyx coin being offered to collectors is accompanied by a collection of materials illustrating the coin’s distinct place in history. The range of coins available may carry small marks or smudges from having been handled during the Trial of the Pyx. To view the full range of exclusive coins and sets from the Trial of the Pyx visit: https://www.royalmint.com/our-coins/events/trial-of-the-pyx/

Ahead of the 50th anniversary of Decimalisation, The Royal Mint reveals the rarest coins in circulation

Feb 2, 2021 | Announcements

The Royal Mint has today posted the mintage figures for the calendar year of 2019, providing the only official guide to the rarest coins in circulation.

In 2019 over 500 million coins were released into circulation, including three new 50 pence designs celebrating Arthur Conon Doyle’s iconic Sherlock Holmes, and Paddington the Bear at St Paul’s Cathedral and the Tower of London.

The figures have been revealed ahead of the 50th anniversary of Decimalisation, which takes place on 15th February 2021 and saw the introduction of many of the coins used today. The changeover inspired thousands of people to become coin collectors, and over the decades the 50 pence grew to become Britain’s most collectable coin.

The shape of the 50 pence made it the ideal canvas for special commemorative designs, and over 70 events, anniversaries and individuals have been celebrated on circulating 50 pence pieces. The famous 2009 Kew Gardens 50p remains the most coveted coin in circulation, with a mintage of just 210,000. Other rare designs include the 2011 Olympic 50p’s and the highly collectible Peter Rabbit 2018 coins.

The Royal Mint’s Director of UK Currency, Mark Loveridge, comments; “The 50p was introduced as part of decimalisation and has grown to become Britain’s favourite coin. The innovate shape of the coin makes it perfect for commemorative designs, and over the years we’ve commemorated many iconic occasions, events and individuals on a 50p.

“Coin collecting remains as popular as ever, and we were delighted to release a number of special designs into circulation in 2019. The Kew Gardens remains the most coveted coin, with a mintage of just 210,000 but it’s always exciting to find a special design in your change. As we approach the 50th anniversary of decimalisation, we are proud that this iconic work of art remains in the nation’s pocket.”

In addition to making coins for the UK, The Royal Mint is also the world’s largest export mint and produced around three billion coins and blanks for 30 countries in 2019-20.

The full mintage figures can be found on The Royal Mint’s website: https://www.royalmint.com/currency/uk-currency/mintages/

Continental Currency, the Dream of American Independence, and Connecting Cash to History

Feb 1, 2021 | Announcements

New Q. David Bowers Book Explores the Money of the Revolution

As a publisher and a numismatist, I’m always on the lookout for “coin books” that can leap from the hobbyist world of antiques and collectibles into the bigger river of mainstream American history. This goal is more elusive than you might expect. But the potential is always there, because the pleasures of coin collecting and the pleasures of studying history are so closely related.

If you’re an active collector of old coins, paper money, tokens, and medals, you appreciate the connections between these objects and the broad tapestry of our national story. They’re fundamental pieces of material culture—a scholarly term for the physical objects, resources, and architecture that surround us and define us (things that help us survive, that aid our labor, that create an identity, that solidify social relationships, etc.). Coins and paper money have been used in North America day in and day out for generations, going back to the colonial era. They’re as intimately connected to American life as are newspapers, family portraits, silverware, and letters mailed back home. History you can hold in your hand, as it has been said.

The study of coins and paper currency is part of the art and science of numismatics. The wider discipline covers the study of all aspects of money, as well as other payment media and systems (such as barter) that humans have used to settle debts and exchange goods. Numismatics involves other social sciences: economics, quantitative and qualitative economic history, political science, and the like. Its scope also includes mining, metallurgy, mechanics, and other hard sciences and technology that go into the physical creation of coins and printing on paper. It includes design, sculpture, engraving, and fine arts similarly involved in making coins and bank notes. For a numismatist, a coin is much more than just a coin! It’s an artifact of its times. It has a lot to tell about the people who created it, and those who used it.

In our fast-paced world, historians as a general class rarely get the credit they deserve for helping us understand the past (and thereby the present). This has been changing in recent years, and it’s gratifying to watch as serious history grows into a popular consumable. A case study: Lin-Manuel Miranda’s 2015 smash-hit musical Hamilton, itself based on historian Ron Chernow’s award-winning 2004 book Alexander Hamilton, about the Founding Father who created the nation’s financial system and was our first Treasury secretary.

The entertaining packaging of history is perhaps good and bad for numismatics. On the one hand, anything that popularizes history—assuming it’s well researched and balanced—is good for elevating knowledge overall, and has the potential to spark interest in history’s many highways and byways, including all manner of material culture. On the other hand, with so much entertainingly produced history available, in so many easily accessible formats (television, movies, online videos, even Broadway musicals), a quieter avenue like coin-collecting might get lost on the map. Numismatics, misunderstood, could run the risk of being sidelined as a narrow specialty—one where you “learn more and more about less and less, until you know everything about nothing”—rather than being appreciated as a permeating science that touches every aspect of American life.

As the subtitle of author Todd Andrlik’s 2012 book Reporting the Revolutionary War says, “Before it was history, it was news.” This applies to money as much as anything, and it’s important to remember that before coins and paper currency became historical collectibles, they were new, freshly minted or printed, often experimental, and, during the American fight for independence, a vibrant act of revolution themselves. Capturing that energy and sense of uncharted newness, while bringing order to its complexity, is a challenge. Among American historians, none is so qualified to write about the money of the American Revolutionary War as Q. David Bowers. His work in the field, which started in the 1950s, is innovative, prolific, and ongoing.

With more than fifty books to his credit, Bowers ranks among the greats of our nation’s historians—those who have lifted high the lamp of knowledge. Certainly in the field of economic history he is a unique, and uniquely productive, author.

Bowers and the Bridging of the Mainstream History / Numismatics Gap

Dave Bowers has anecdotally told the story of a well-known Civil War historian he chatted with after a lecture. He asked the expert what he knew about Civil War money. The reply was, essentially, “I know that Confederate currency was nearly worthless before the end of the conflict.” No deep knowledge of the wartime birth of new banking systems, no intimacy with the way the nation’s biggest military mobilization was financed. On the level of day-to-day life during the war, he could share nothing of, for example, the vital role played by little bronze tokens minted in the tens of millions by hundreds of private businessmen. Were those tokens “money”? Were they crucially important to Americans during the early 1860s? Yes and yes! “Civil War tokens” fueled the engine of daily commerce after all legal-tender federal coins—not just gold and silver, but even lowly copper cents—were hoarded by a fearful and war-weary public. Knowledge of this sort goes beyond valuing coins and currency as “collectibles.” It gets to the heart of their true worth, as artifacts of the American experience.

In the Guide Book of Continental Currency and Coins (publication date: March 2021), Dave Bowers has written a volume that bridges the gap between numismatics and mainstream history. He provides a fresh understanding of the American Revolution using numismatics as his lens. For many readers this will be radical and new. History buffs who know the battles, the generals, and the politics will now also understand the financial and economic forces of the Revolution. This is not a dusty math lesson or a lecture on the “dismal science” of economics. Rather, it’s a fascinating exploration of national-level financial experimentation, as well as the day-to-day monetary life of Americans, both Tory and revolutionary.

How was Continental Currency produced; how were the notes distributed? Who signed them? Before all that, how were they even authorized—when the Continental Congress had no traditional foundation for a paper-money issue, no gold or silver to back up the paper and ink? How could Congress raise money to fight a war that was partially enflamed by tax collection? How strong was the promise to redeem the paper after the war? Such a promise would require an unruly volunteer army to conquer the greatest military force on earth!

The human stories that emerge are sometimes funny, sometimes terrifying, and always enlightening. Did a New Yorker really wallpaper his rooms with Continental Currency during the war? How did General Washington threaten those who refused to accept the money as payment for goods? What happened to Quakers who, for religious reasons, refused to handle the paper money? What were Spanish silver dollars, and how did they figure into the emerging economy? How did the eccentric Massachusetts businessman “Lord” Timothy Dexter make a fortune speculating in war debt and Continental Currency?

Some facts are surprising, and rarely covered in histories of the Revolution—for example, it was illegal during the war to say anything negative about the new paper money, and many Americans were jailed for public criticism, a concept that would be unthinkable to later generations. Bowers shares and comments on newspaper accounts from both sides of the conflict, some neutrally reporting the monetary news of the day, some degrading the “dirty trash” currency. He tells of citizens “burnt in the brawn of the left thumb” for the crime of passing counterfeit money—and even being executed for the “pernicious tendency.”

On the artistic and technical side, Bowers lays out the designs and rich symbolism used on Continental Currency notes. He tells how they were printed, and the ingenious techniques employed to frustrate counterfeiters. And he tells of Benjamin Franklin and others who influenced the look and feel of the new money.

For collectors, he describes how to grade Continental Currency—a factor crucial to valuation. He gives rarity ratings, typical prices in multiple grades, and advice on market conditions.

He explores the enigmatic Continental dollar coins (or are they medals?), laying out a couple hundred years of research and speculation, including startling recent theories based on new research and insights.

A Modern-Day Benson Lossing

Within the discipline of numismatic history, Q. David Bowers has no peers. He’s extremely productive, he’s popularized the field and connected it to other social sciences, and he’s influential and inspirational to other researchers. The Guide Book of Continental Currency and Coins adds to his standing among American historians, and continues to elevate the status of numismatics as a serious branch of American history, as important as the popular works of Benson J. Lossing or Barbara Tuchman or David McCullough—a companion to presidential and other political history, social-movement history, military history, and every other highway and byway that history buffs happily explore.

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Minshull Trading Brings 15M in Rare Coins to MA-Shops

Jan 30, 2021 | Announcements

(Sarasota, Florida) January 25, 2021 – MA-Shops (www.ma-shops.com), the world’s most trusted numismatic marketplace featuring coins and dealers from around the world, announced that MA-Shops Minshull Trading (www.ma-shops.com/minshull) has joined its online marketplace. With more than a $15 million dollar rare coin inventory, Minshull Trading is perhaps the largest dealer of U.S. Rare Coins and carries multi-million dollar inventories of U.S., Modern, World and Ancient coins.

“We enthusiastically welcome Minshull Trading to MA-Shops. As an established and respected leader in the numismatic industry for three decades, their impressive repertoire includes the entire scope of numismatic history,” said Joachim Schwiening, Founder and CEO, MA-Shops.

Minshull Trading Partner Brian Hodge, also President of Numismatics and a PNG member said, “We are pleased to be a part of MA-Shops marketplace, and resonate with their support and commitment to collectors and the industry. Their platform gives us the opportunity to showcase our products to an expanded and loyal base of customers worldwide.”

With more than $3 billion in coin sales and over 140 years of combined numismatic experience, including 40 years by the Principal Owner, Minshull Trading customers have come to rely on them as a trusted source. The company is a member of PNG, ICTA, FUN, CSNS, a life member of the ANA, and a regular Red Book contributor.

Among the rare coins offered by MA-Shops Minshull Trading are:

1894-O $10 MS62 NGC UNC-62. BRANCH MINT PROOF, CAMEO. Unique as Certified. The only other Branch Mint Proof known for the series is the 1844-O, which last sold for over $2,000,000.

1861-O 50C MS62+ NGC UNC-62. BRANCH MINT PROOF. Unique as Certified. Once owned by the Billionaire Dupont Family. Formerly displayed in the Louisiana State Museum before Hurricane Katrina.

1820 $5 PR64 NGC CH/GEM UNC-64. The 1820 Specimen Strike Half Eagle essentially precedes the Proof era, was clearly specially handled and struck by mint employees and given the coveted ‘Specimen’ designation by NGC as evidence of that special handling.

About MA-Shops

MA-Shops, the world’s most trusted numismatic marketplace, features coins and dealers from around the world on one, easy to use platform. Collectors can buy with confidence knowing all ancient, U.S., modern and world coins, medals, banknotes, militaria and antiquities offered on the website are guaranteed. Founded in 2005 by Joachim Schwiening, the company has offices in Germany and Florida. MA-Shops memberships and affiliations include: ANA, FUN, PAN, PMG, NCS, NGC and PCGS.

For more information contact Kathy Bender, U.S. Business Development Manager, at bender@ma-shops.com.

PCGS Announces Long Beach Expo Replacement Crossover Special

Jan 23, 2021 | Announcements

Professional Coin Grading Service Offers Special Discounts on Crossover Grading in Honor of Canceled Long Beach Expo Coin & Banknote Show

(Santa Ana, California) – January 22, 2021 – Professional Coin Grading Service (www.PCGS.com) is offering a special discount on crossover grading to honor the Long Beach Coin Expo, which was canceled over concerns about the COVID-19 pandemic. Due to the anticipated high demand, PCGS is offering a discounted Crossover service fee of just $10 for submissions postmarked now until February 3, 2021.

This limited-time discount is valid for an unlimited number of submissions and applies to “Show Rarity,” “Show,” “Show Economy,” and “Show Gold” service levels for coins that do not cross. To qualify for the $10 Crossover grading fee, coins must be submitted using a PCGS Show submission form, and standard grading and Guaranteed Premium fees apply.

“As the pandemic continues canceling coin major shows like the Long Beach Expo, PCGS is extending various special offers to coin collectors and coin dealers to show its continued support of the collectible coin hobby,” says PCGS President Brett Charville.

“Additionally, we are offering substitute PCGS Members Only Shows that provide collectors and dealers convention-like settings that comply with all local, state, and federal CDC safety protocols.”

PCGS had planned to attend the popular coin, banknote, sports cards, and collectibles show in Long Beach, California, originally slated to be held at the Long Beach Convention Center February 4-6, 2021. The opportunity for collectors and dealers to directly submit their coins to PCGS at the show is one of the many highlights of the Long Beach Expo.

Those who wish to submit their coins directly to PCGS must be a PCGS Authorized Dealer or PCGS Collectors Club member; to join, please visit http://www.PCGS.com/join. For more information about the discounted $10 Crossover special, check out http://www.PCGS.com/ccspecial. The PCGS Show submission form can be downloaded at http://www.PCGS.com/forms.

About Professional Coin Grading Service

Professional Coin Grading Service (PCGS) is a third-party coin and banknote grading company that was launched in 1986. Over 35 years, PCGS has examined and certified more than 45 million U.S. and world coins, medals, and tokens with a combined value of over $41.7 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.