LOOSE CHANGE: NOVEMBER 20, 2022

One of the most controversial categories of U.S. coins is Mint Errors. Many dealers and collectors, as well as coin auction houses, buy, sell, and trade many rare, exotic, and unique major mint errors. Obviously, some of these defy logic and were intentionally created and taken out of the Mint.

In the early 2000s, a group of several hundred U.S. error coins was found in a safe-deposit box. Dealer Fred Weinberg purchased this group, which included coins struck for Proof Sets and also coins struck for circulation. This group was auctioned by the California State Controller's Office of Unclaimed Property. The United States Secret Service inspected and released this collection to the State of California determining that it was legal to own. The State of California then auctioned the collection and the rest is history.

Another example of U.S. error coins escaping the United States Mint occurred in the 1970s. A hoard of Proof error coins were smuggled out of the San Francisco Mint inside the oil pans of forklifts that were being serviced outside of the Mint. This topic was discussed in the June 6, 2022 issue of Coin World, which covered Fred Weinberg's account of this story.

To read the complete article, see:
Exotic and Intentional U.S. Error Coins in the Marketplace (https://coinweek.com/coins/error-coins/exotic-and-intentional-u-s-error-coins-in-the-marketplace/)

Numismatic publications are full of headlines about seemingly low-value coins bringing amazing sums in ultra-condition. I have personally observed lines of people at rare coin conventions submitting handfuls of coins that are not worth the cost of the submission. How are collectors to understand that their Franklin Half Dollar is not worth $100,000 if they have the coin certified?

For many, submitting rare coins for grading can be daunting, especially for the uninitiated. Understanding the process can save time, money and frustration, and fortunately, there are dozens of options to choose from when submitting coins. This guide will help you understand the different options available to you and, hopefully, help you better understand the submission process.

Some collectors submit coins for certification for the peace of mind of having an entire series authenticated and graded, and for the attractive display that comes with encapsulation. But for many others, submitting coins for certification is basically a mathematical equation. You need to determine if the coin will be more valuable if submitted for grading and authentication, and if the grading fees justify the cost. For example, it may not be profitable to grade common-date Morgan Silver Dollars in grades below MS 63. For the average collector, the added cost of the grading outweighs what the coins could be sold for uncertified on the current market.

To read the complete article, see:
Jeff Garrett: The Art of Submitting Rare Coins for Grading (https://www.ngccoin.com/news/article/10914/)

 

United States Mint Director Ventris C. Gibson on November 10th accepted the 2022 Coin of the Year Award for Most Historically Significant Coin for the 2020 Women's Suffrage Centennial silver dollar from Peter H. Miller, president of Active Interest Media Home Group (pictured), which publishes Numismatic News, World Coin News, and Coins magazine.

The obverse (heads) of the Women's Suffrage Centennial silver dollar features overlapping profiles of three distinct women. Each woman is wearing a different type of hat to symbolize the many decades the suffrage movement spanned. The figure in the foreground is wearing a cloche hat with an art deco pattern and a button with the year of the 19th Amendment's ratification. The inscriptions LIBERTY, $1, and E PLURIBUS UNUM encircle the design.

The coin's reverse (tails) features the inscription 2020 being dropped into a ballot box styled with art deco elements to indicate the artistic style of the era. VOTES FOR WOMEN is inscribed inside a circle on the front of the box. The inscriptions UNITED STATES OF AMERICA and IN GOD WE TRUST are featured on the ballot box. Artistic Infusion Program artist Christina Hess designed both the obverse (heads) and reverse (tails) of the coin, which were then both sculpted by United States Mint Medallic Artist Phebe Hemphill.

To read the complete article, see:
U.S. Mint Director Ventris C. Gibson accepts Coin of the Year award for Most Historically Significant Coin for 2020 Women's Suffrage Centennial silver dollar (https://news.coinupdate.com/u-s-mint-director-ventris-c-gibson-accepts-coin-of-the-year-award-for-most-historically-significant-coin-for-2020-womens-suffrage-centennial-silver-dollar/)

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