Why No Motto Philadelphia Half Eagles May be the Best Value in Today's Dated Gold Market

Why No Motto Philadelphia Half Eagles May be the Best Value in Today's Dated Gold Market

I have written these words before but I still feel that the No Motto Philadelphia half eagle date run, issued from 1840 through 1865, contains a number of under-appreciated issues. These issues clearly don’t include the 1862-1865 which are now in strong demand due to their Civil War issuance, but which do include nearly all the dates made between 1840 and 1861.

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How Rare are Non-Shipwreck Gem Type One Double Eagles?

How Rare are Non-Shipwreck Gem Type One Double Eagles?

In the recent Stacks Bowers 2016 ANA Sale, I was fortunate to purchase an amazing 1860 double eagle, graded MS65 by PCGS, which was part of the Bull Run Collection and earlier was sold as Lot 900 in the famous October 1982 Eliasberg Collection auction.

After I bought this coin, I told another dealer that the Eliasberg 1860 “was the finest non-shipwreck Type One double eagle I had ever owned.” This got me to thinking: just how rare are non-shipwreck MS65 and finer double eagles of this type?

 

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10 Rare Date Gold Coins with Surprisingly Low/High CAC Populations

10 Rare Date Gold Coins with Surprisingly Low/High CAC Populations

To me, CAC populations help to quantify quality. By this, I mean that if 8 examples of a specific date of Liberty Head half eagle have been approved by CAC, we can assume that there are at least 8 above-average examples of this date with some degree of originality and eye appeal. A figure of “8” at PCGS is not as quantifiable when it comes to quality.

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Six Liberty Head Gold Issues Which Have Been "Ruined" by the Grading Services

Six Liberty Head Gold Issues Which Have Been "Ruined" by the Grading Services

The powers that be at PCGS and NGC have never sat down and said “let’s deliberately ruin such and such issue by misattributing them or miscalculating them.” Unfortunately, this is exactly what they have done on a number of important U.S. gold coins. I have selected six. There are more, but these examples are egregious enough to merit discussion.

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Gary Carlson: In Memoriam

Gary was a world-class expert on early type and knew more about early silver dollars then just about anyone else in the coin business. Our numismatic paths didn’t cross all that often but when they did, I found Gary to be fair and honest. In my dealings with collectors, Gary’s name would come up from time to time and I never heard anything bad attached to him. When someone told me they were a “Gary Carlson customer” I knew that their coins were nice and that they were being treated fairly.

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