Weekly World Numismatic News for April 14, 2019

Fifty cents = $5,000: The two Quarter Quest-winning PCGS First Discovery 2019-W Lowell quarter dollars side-by-side. (Photo credit: Professional Coin Grading Service www.PCGS.com.)
During the week, I had two occasions to go to the bank and purchase rolls of quarters. Even though I asked for new rolls, most of the quarters I received were either from 2018 or non-W mint quarters from 2019. In the shop, I checked every quarter received for payment and when I received quarters in change.
The competitive side of me wanted to be the first, or amongst the first to find one of these quarters. Even after running errands earlier today, I did not find any coin struck in 2019.
PCGS is still rewarding those who find the W mint quarters with special labels and cash prizes. Even though the top prize was claimed, I want to find one in change!
And now the news…
When you rifle around in your purse for some change soon, you might be lucky enough to pull out a new 50 cent coin, launched today by the Royal Australian Mint to celebrate the International Year of Indigenous Languages.
→ Read more at theconversation.com
Country continues tradition of honoring icons of art and science over politicians on its currency.
→ Read more at soranews24.com
Australia has issued a new coin celebrating some of the country’s indigenous languages, many of which are at risk of extinction.
→ Read more at cnn.com
Why is gold valuable? For thousands of years, gold has functioned as a store of wealth that sees its value climb in times of economic or societal unrest. Gold jewelry has been a sought-after luxury good since before the dawn of the first civilizations.
→ Read more at gainesvillecoins.com
SARANAC LAKE — Stephen Krupka’s metal detector beeped and wailed as he passed it over the soft ground Tuesday afternoon. “Looks like we’ve got a nickel signal here,” he said. Kneeling down, he took out a serrated hand trowel and cut a plug of grass from Denny Park on the corner of Pine Street and Bloomingdale Avenue.
→ Read more at adirondackdailyenterprise.com
A treasure hunter has struck it rich after digging up a 500-year-old gold coin that could be worth more than £4,000 ($5,200), but refuses to part with his rare find. Gareth Millward unearthed the coin in a field near Ashbourne, Derbyshire, and says it is the highlight of his four-year hobby.
→ Read more at dailymail.co.uk
(Kitco News) – Wall Street is split on the near-term direction of gold prices, while Main Street remains bullish, according to the weekly Kitco News gold survey.
→ Read more at kitco.com
Will Sac Dollars Have Edge Letters
The US Mint announced the availability of Sacagawea Dollars this week. Under the provisions of the Presidential $1 Coin Act (GPO: [text]/[pdf]), the Mint has to produce one Sacagawea Dollar for every three Presidential Dollars struck. Since the Mint is scheduled to produce 300 million George Washington Dollars, they are required to strike 100 million Sacagawea Dollars to be in compliance with the law. According to the Mint, the 2007 Sacagawea Dollars will benefit from the improved processes developed for the Presidential Dollar Program including shinier surfaces and a treatment to prevent the unusual toning of the past.
Although the Glenna Goodacre design is one of the Mint’s best in recent memories, the coin has not gained popularity with the public. As long as the Bureau of Engraving and Printing continues to print one-dollar Federal Reserve Notes, one-dollar coinage will not be popular. The only significant circulation of these coins was in the year 2000, its first year of issue. That year, the Mint struck 1.2 billion coins which are reportedly still being warehoused by the Mint and the various Federal Reserve banks.
The proliferation of edge lettering errors has prompted a lot of discussion in the numismatic industry. Professional Coin Grading Service (PCGS) has joined the fray and announced rewards for finding specific types of errors caused by the edge lettering. Recently, PCGS awarded $2,500 to a Colorado collector who found a Presidential Dollar blank planchet with edge lettering.
Since the Sacagawea Dollar is struck on the same planchets, presses, and post finishing process as the Presidential Dollar without the edge lettering, there is speculation that some may appear with edge lettering. While some insist this type of error is highly unlikely because the edge lettering is a separate process, PCGS is offering a $10,000 reward for being able to certify a genuine Sacagawea Dollar with edge lettering of a Presidential Dollar.
If you find a Sacagawea Dollar with edge lettering, contact me through this blog. I would love to be first to report the find and post pictures.
My Charlotte ANA Report
I arrived at the Charlotte Convention Center at 9:45am and waited for the “official” opening. After registering, I milled about the crowd and noticed members of the ANA Board of Governors congregating at the entrance area. Executive Director Chris Cipoletti climbed on the podium to open the show. After words from ANA President Bill Horton and the Chairman of the Charlotte National Money Show, the ribbon was cut to allow the show to open.
After walking passed the club booths I entered the exhibit area. Since this was my first ANA convention, I wanted to see the exhibits to understand what I could do in the future. Some exhibits were very impressive. One on Israeli tokens won a blue ribbon was very good. Another showed State of Georgia error notes that was presented very well won second place in its class. It a few adjustments from a blue ribbon. Then there were some in the history category that did not include any numismatic items that confused me. Overall, most of the exhibits were very interesting and has inspired me to create one in the future.
As I was leaving the exhibit area, I found Don Pearlmann standing with the George Walton 1913 Liberty Head Nickel. Pearlmann, who is just as entertaining in person as he is in print, held court near the famous nickel talking about his role in its introduction to the world after it was authenticated in 2003.
Entering the bourse floor, I noted that the traffic was brisk but smaller than expected. In fact, compared to what I have seen in Baltimore, the ANA show is less than half the size. I started by meandering through the “high rent” district where the auctioneers and high-end dealers were located. I saw a quite a few very nice gold coins, all beyond the limitations of my budget. But I looked anyway. In that area, I did find a dealer with some nice raw Morgan Dollars and picked up an 1879-CC Morgan Dollar in Extra Fine condition for a good price.
Touring the floor, I spoke with a number of dealers. Most are very friendly and are willing to talk about their coins, the show, the weather, or almost anything. I had a nice conversation with Joan Miller of Miller’s Mint out of Patchogue (pronounced PATCH-oag), NY; a short greeting with Julian Liedman of Silver Spring, MD; and the DC-area members of the United States Mint and Bureau of Engraving and Printing. I also met Dave Harper (editor of Numismatic News) and was able to thank Dave Lang (NGC Director of Research) personally for autographing a book I won from the Numisma-Quest weekly trivia question on the Collectors’ Society chat boards.
It was also an honor to meet Ken Bressett, the editor of the Red Book. Bressett was at the Whitman Publishing booth autographing copies of the new Red Book. Usually, I purchase the Red Book cheaper from a dealer. But I could not pass up the opportunity to have one autographed by Ken Bressett. Bressett is a small, slight gentleman who is very gracious and pleasant. This copy of the Red Book is now one of my treasured possessions.
I continued to walk the bourse floor looking for top quality 1976 coins for my registry sets. All things considered, I was very surprised to find a lot of dealers did not have many 1976 coins. Of the modern coins, State Quarters, Westward Journey nickels, and Kennedy Half Dollars seem to dominate the cases. But I sat in front of a number of tables with my loupe looking at some nice coins. My efforts lead me to find some really nice 1976 Kennedy Halves and Washington Quarters that I will be sending to NGC for grading.
Every show I have been to in the last few years, there is one coin type that seems to be there in abundance. For this show, there were a lot of Morgan Dollars. Nearly every dealer had rows and piles and Morgan Dollars of every year and every grade. If you were looking for Morgan Dollars for a collection, you could not have been happier in Charlotte.
While looking in the budget area, I found a dealer with Mint rolls of uncirculated 2007 American Silver Eagles. That dealer opened the roll and allowed me to pick out two beautiful coins that I purchased for $2 over the spot price! One goes in an album and the other will go to NGC for grading.
At 3:30pm, I returned to the BEP booth for the next drawing of the limited edition show print. BEP was selling 100 intaglio prints made at the show that was autographed by the printer on site. In order to win, you had to write you name on a piece of paper and put it in a bowl. When they drew the names, you had to be there to claim the print. After watching the demonstration and listening to the discussions, I put my name into the bowl and waited for the 4pm drawing. After 16 were claimed and many were disqualified for not being present, my name was picked from the bowl. This gave me the ability to purchase print number 37. I purchased the print and one of the regular prints and walked to the USPS booth. There, I purchased a 39-cent stamp, placed it on the regular print, and had it stamped with the special postmark the USPS made for the show.
Finally, at 6pm I went to the ANA Board of Governors candidate forum where I met Cliff Mishler. But that is another story for another time.
I returned to the show on Saturday afternoon with my father. While there, I purchased a 1922 Peace Dollar in a GSA package, something I have never seen before. My father looked at a lot of gold coins but did not buy anything. I even saw a Stella $4 goloid coin that Superior Galleries are selling for $500 thousand!
Over all, I had a wonderful time. I hope to have some time to take pictures of some of my better items soon. In the mean time, real work awaits.
I Made It Back From Charlotte
Considering the air traffic and the failures of US Airways, it was fortuitous that I made it out of Charlotte. Although this is a numismatic blog, I will say that US Airways has a lot of work to do in order to regain the confidence of this traveler.
In short, I had a good time at the ANA National Money Show. I attended all day on Friday and for a few hours on Saturday. Although it was smaller than I expected, I was impressed with the show, the exhibits, the attendance, and the people I met including Ken Bressett (editor of the Red Book), Dave Lang (NGC), and Cliff Mishler (Krause Publishing). To all of them, I appreciate their time and the discussions we had. They are excellent ambassadors to the hobby.
I have not recovered from the trip, but I have a lot to tell including the special edition I purchased from the US Bureau of Engraving and Printing, a GSA packaging that I did not know existed, my first no-problem CC Morgan Dollar, autographs, and the coins for my 1976 registry set. I also want to comment on the ANA Board of Governor candidate forum that was held Friday evening.
Stay tuned!
A No Dollar Coin
There have been reports of various minting errors for the new Washington Dollar coins, but a Denver couple found a number of blank planchets with edge lettering. Somehow, the coins missed the striking process but were processed passed inspectors to have the lettering pressed into the edge. Coins are from the Denver Mint Facility. There were no reports as to how many of this error may be in circulation.
ANACS Population Report and Dollar Sale
ANACS, the oldest certification service, has now published their population report. The report is accessible via the web and requires a free user account. Their population report not only includes the standard varieties, but also a listing of all of the errors of a particular type. For example, a search of 1976-P Type 2 Eisenhower Dollars shows that ANACS has graded Broadstruck, Clip, Double Clip, Double Struck, Die Adjustment Strike, Indent, Off-Center, Partial Collar, Split Planchet, Struck Thru, and Struck Thru Grease errors. I like that!
ANACS is also offering grading of Washington Dollars for $8 through March 31, 2007. There is a 10 coin minimum for their 10 day grading service. I may buy a roll from the bank and see what I can send to ANACS for grading because this is a good deal!