Volume 2, Issue 10, October 2006
Whole Number 19
This is an electronic publication of the Liberty Seated Collectors Club (LSCC). The LSCC is a non-profit organization dedicated to the attributions of the Liberty Seated Coin series. The LSCC provides the information contained in this email newsletter from various sources free of charge as a general service to the membership and others with this numismatic interest. You do not have to be a LSCC member to benefit from this newsletter; subscription to the E-Gobrecht is available to anyone. All disclaimers are in effect as the completeness and/or accuracy of the information contained herein cannot be completely verified. Contact information is included near the end of this newsletter.
Miscellaneous Notes from the Editor
Editor’s Announcements. Reminders:
There will be a regional meeting
of the LSCC at the
LSCC yearly dues ($15) should be submitted now to the club secretary/treasurer, Len Augsburger, per the dues notice you received in the postal mail. He requests payments by October 31st.
Acknowledgements. Many thanks to Gerry Fortin, Jim Gray, Len Augsburger, and the subscribers who corresponded with me.
Availability of past issues. Through the generosity of Gerry Fortin, the previous issues of the E-Gobrecht are readily accessible on his seated dime website at http://www.seateddimevarieties.com/LSCC.htm.
Please consider submitting something for print. It need not be elaborate; it can be something as simple as a short note on your favorite variety, neat find, nice cherry pick, happenings at a coin show, rare Liberty Seated coinage coming up for auction, etc. If you are interested in it, rest assured, others will be too! Sharing information is a goal of this newsletter.
Features in this issue
==> Question of Month.
==> Auction News by Jim Gray.
==> LSCC to meet at the Baltimore Coin Show, November 11th, by Len Augsburger.
==> Bill Cowburn wins ANA Convention Exhibit awards!
==> The Nathan & Louis Kaufman Proof Seated Coinage by Len Augsburger.
==> Extensive Seated Half Dollar Collection soon to be auctioned by Vicken Yegparian.
==> Recent subscriber correspondence.
==> Question of the month by Jim Gray. This forum hopes to increase collector interaction and correspondence. Your participation is welcomed and encouraged. Send your comments to the E-Gobrecht Editor at firstname.lastname@example.org.
Which is the easiest of the five original Seated series to complete in G-VG?
Julian Leidman: IMHO, half-dimes would be the easiest to complete, leaving out the 1870-S. Dimes would be next leaving out the NA 1873-CC, quarters without the NA 1873-CC and halves without the 1853-O NA are probably equal as are the dollars leaving out the 1870-S. The bottom line is that all of the collections have one monster coin to contend with.
Bill Bugert: From my observations over the years and from talking to many collectors, I am under the impression that, if you forget about stoppers, the half dimes would be easiest to complete (if your eyesight survives it – ha, ha!).
Jim Gray: None.
Question of this Month (October)
Which of the original 5 Seated series is the least difficult to complete in MS-60 or better? (Ed., send replies to the Editor at email@example.com. Thanks)
By Jim Gray
The Goldberg Pre-Long Beach Sale had some high quality but common Seated issues, but very little in the way of scarce or rare coins. Three original circulation issue Gobrecht Dollars were catalogued with patterns and presented in the portion of the catalogue that contained true patterns. Another circulation issue Gobrecht Dollar was catalogued with the dollars and described as a circulation issue. At least they got it 25% correct. The only Seated coin of note was a nicely toned 1851 original dollar in MS-62 that went for $51,750.
The Heritage Long Beach Sale had no half dimes of special interest. An
1846 dime in XF-45, but scratched, sold for $747 while an AU-55 1858-S dime
with scratches and absolutely ugly did not sell. The
Quarters featured an 1855-S in MS-62 for $5,175 and a homely whizzed 1866-S with XF-45 details only realized $805. The star of the sale was an original, problem free 1870-CC in AU-50. Eleven bidders participated and the winner gladly paid $40,250.
Halves contained a cleaned VF-20 1855-S for $747, a very choice VF-35 1873-CC arrows for $1,610 and an 1878-CC G-6 for $1,055.
A well struck, but not attractive 1856 dollar went for $2,990 in AU-55. An original dusky toned 1870-CC in MS-62 sold for $16,010. A F-12, but rough 1872-CC hammered for $2,990, which is better than the $2,300 bid for a cleaned, repaired XF-45 of the same date.
The Stacks Sale contained a choice AU-58 1871-CC dollar with bright centers and deep peripheral toning. The coin sold for $15,525 and was the only coin of note in that sale.
The ANR Requa Sale contained a nice AU-58 1840-O with drapery half dime that did not sell, nor did an XF-45 1844-O. A splendid 1853-O no arrows in AU-55 with nice gun metal toning and a good strike, including full date, rang the bell for $6,325.
The 1846 AU-58 dime that did not sell in the Heritage Dallas Sale in June did not sell again. The coin is attractive and tied for the finest graded by NGC so the consignor must have an exalted opinion as to its value. An original 1859-S in MS-62 was bid up to $17,250. An 1873-CC dime in VF-35, but not nearly as choice as the VF-30 in the Heritage Sale at $14,950, sold for $10,350. An 1885-S in VF-30 did not sell, which is a common occurrence for this overrated date.
The only quarter of interest was a lightly toned AU-55 1878-S at $2,875. A handsome XF-45 1870-CC half dollar realized a strong $23,000. As for dollars, a whizzed net-graded VF-20 1855 managed $2,300 while a net VG cleaned 1871-CC eked out $1,552.
==> LSCC to meet at the Baltimore Coin Show, November 11th by Len Augsburger. Plan now to attend the regional LSCC meeting at the November Baltimore coin show. Scheduled for Saturday morning, November 11th at 9 AM, this is a change from the previous show when it was held on Friday morning. The meeting location will be announced at the show.
==> Bill Cowburn wins
two ANA Convention exhibits awards! As recounted in the previous issue of
the E-Gobrecht, LSCC member, researcher, and
author Bill Cowburn won two awards at the 115th
Anniversary ANA Convention in
“I must say that I was VERY surprised when I received the 2nd place for best-in-show. I fully expected the 1st place winner to be the exhibit that won – it was outstanding! After that, I felt that there were 4 or 5 other strong exhibits that had a good chance at 2nd and 3rd place, so I was thrilled when they called my name at the banquet.
My exhibit told the story of my finding this newly discovered obverse type and the research that was done after finding the coin to figure out what it really was. This story generally appears in the last issue of The Gobrecht Journal.
But my exhibit also describes, explains, and shows with examples of Trade Dollars what exactly the Type 1 Obverse, Type 2 Obverse, Type 1 Reverse and Type 2 Reverse designs are for this series. I used proof Trade Dollars along with enlarged photos to show the reader what these more well-known types look like so they could compare that to the transitional piece that was in the exhibit. My goal was to have this exhibit tell the story of the Trade Dollar so that even a non-collector of this series could easily see what the specialists look for.” Courtesy of Bill, here are a few photos from the exhibit. Congratulations again, Bill, well done!
Here is a detailed photo of the Transition piece from Bill’s display at the FUN show (essentially the same display as the ANA Convention).
Bill Cowburn showing his award at the 2006 ANA Convention (photo courtesy of the October issue of The Numismatist).
I am happy to announce that “The Definitive Resource for the Liberty Seated Dime Variety Collector” web-book is accessible via two internet link names. Up to this point in time, members had to remember the pertinent but long link name www.seateddimevarieties.com. Thanks to Jason Feldman, the web-book has been crossed reference to the www.gerryfortin.com link name. I hope that the alternative url will provide for easier member and guest contacts with web-book and message board content.
Next on the list of updates is the seated coinage message board. After considerable member feedback and offline discussion, I improved the board by adding Question & Answer forums for individual seated coinage denominations. Several active message board members were kind enough to volunteer as hosts for the individual forums. Following are the additions:
Seated Half Dimes – Hosted by Mrhalfdime
Seated Quarters – Hosted by Coinosauras
Seated, Trade, and Gobrecht Dollars – Hosted by TradeDollarNut
The initial response to the Q&A forums has been simply outstanding. TradeDollarNut presented a thread entitled “Grading Nuances For Uncirculated Seated Dollars” that is both remarkable and useful for any individual contemplating a high end set of seated dollars. In the Seated Half Dime Q&A forum, readers are delighted with carefully researched responses from Mrhalfdime. Presently, the new seated, trade dollar forum is seeing the highest activity level. I am planning to add a Seated Half Dollar Q&A forum during October with our own Bill Bugert as the host.
E-Gobrecht readers are welcomed to the seated coinage message board at http://p104.ezboard.com/bseateddimes. Membership continues to grow with 46 individuals having registered. Registration is not a requirement to post on the forums, so guests can jump in and offer their questions or share their knowledge at any time.
Finally, I would like to share several important content additions to the seated dime web-book. Two previously unknown rotated reverse varieties have surfaced during the summer months. Jason Feldman purchased both discovery coins and forwarded them for inclusion in the web-book. At the recent Denver ANA, Jason located an 1854-O F-103 (cracked obverse paired with oblique O reverse) that had a reverse rotated right by 50 degrees. On eBay, an 1876 dime appeared with a reverse rotated left by 85 degrees. Jason was aggressive with his bidding and secured this AU coin. Prior to the appearance of the two new examples, the web-book listed 14 different rotated reverse varieties. Within a few months, that amount increased by 15%, stressing the point that incremental discoveries are awaiting variety specialists.
As Always….Happy Hunting
Gerry Fortin's Seated Dime set, PCGS/NGC #1 registry set.
Len Augsburger's Seated Quarter set, currently #1 on the PCGS Registry.
Dick Osburn's Seated Half set, currently #1 on the NGC Registry.
This exceptional exhibit will be located at Table 1755 in Hall C. "
==> The Nathan & Louis Kaufman Proof Seated
Coinage by Len Augsburger. Some recent
discussion in the E-Sylum (electronic
newsletter of the Numismatic Bibliomania Society, original item at http://www.coinbooks.org/esylum_v09n35a16.html)
prompted me to look into the collection of Nathan and Louis Kaufman, brothers
Eventually catalogued and sold by
RARCOA in August 1978, this collection offers a window into collecting habits
in the early 1900s. The seated coins are represented by virtually
complete proof runs of all denominations from 1858 to 1889, with some
duplicates. There a few scattered business strike pieces and not a single
branch mint seated coin among the whole bunch. Runs of
The Kaufman seated coins have an interesting "signature". These coins were displayed and mounted for many years with tacks. On at least one occasion, the obverses of many of the coins were cleaned, in order to "improve" the display. As a result, many of the seated coins are catalogued as having brilliant reverses, rim marks, hairlined and toned obverses. I have never seen a seated coin attributed to the Kaufman collection, but this description may be sufficient to identify certain pieces in the future, or at least make a good guess.
The silver portion of the collection went relatively unnoticed at the time, being far eclipsed by the gold offerings in the catalog, substantial proof runs including such delicacies as 1875 and 1876 proof examples, plus significant territorial issues. Harry Bass was a gold buyer at the sale, and being fastidious in his note taking, certain lots in the Bass catalogs (Bowers & Merena, 1999-2000) note the Kaufman pedigree.
==> Extensive Seated Half Dollar Collection soon to be auctioned. Vicken Yegparian of Stack's Rare Coins thought that E-Gobrecht subscribers would like to know about the October 17, 2006 auction of the George "Buddy" Byers Collection of U.S. Half Dollars. Buddy started collecting under the tutelage of Ben Stack over 50 years ago and focused on the Half Dollar denomination. Over the decades, he has put together an impressive specialized collection. Many of his Half Dollars were purchased privately from Stack's as well as through our and other firms' auctions. The majority of acquisitions were made in the 1950s through the 1990s, so there are many coins in the collection that are not well known among the current generation of collectors.
There is really something for all budgets in the collection, from group lots of circulated Liberty Seated Halves to heart-stoppers like the 1839 No Drapery Proof, the 1853-O No Arrows (Ex Garrett-Queller), the Gem BU 1866-S No Motto (Ex Garrett), the Prooflike BU 1878-S, as well as a slew of Branch Mint Proofs and high quality pre-1858 Proofs.
As always, all subscribers to the E-Gobrecht or members of LSCC who do not receive Stack's catalogues but are interested in the Byers catalogue should email me (VickenY@stacks.com) for a copy. The Byers Collection, as well as the other collections that are a part of our 71st Anniversary Sale, will also be available for viewing and bidding at www.stacks.com.
==> Subscriber correspondence.
From Mike Morrow: Bill, thank you again for this edition. Congratulations on the recognition by the ANA, it is worthy and well deserved. This is an excellent publication and I enjoy every issue.
From Link McGarity: Hello Bill, I enjoy reading the E-Gobrecht. Also, I am just getting into trying to photograph some of my coin collection. I have a digital 6.0mp camera with 5x optical lens, macro function, etc. I can't seem to arrive at a lighting type, lens distance fm coin, setup that yields good quality when making photos of silver coins. Any tips would be appreciated. See you are also a Ham. So many pursuits, so little time....
From Ron Feuer: Hi Bill, thanks for adding my name to the list that receives The Gobrecht Journal, e-mail supplement. Please send me Chris Pilliod's current e-mail address. It may have changed since I last saw him at a fairly recent Baltimore show, and I no longer have it. Thank you. (Ed., I do not have his email address and wonder if a subscriber out there does.)
From Dave Perkins: Congratulations on the nice award and thanks for all the time you put into this wonderful newsletter each week.
From Dennis Fortier: Bill, Congratulations on the ANA award for "Best On-Line Newsletter". I heartily agree with the award. Every month I look forward to the E-Gobrecht’s arrival and have made a hard copy file of all issues. The information in these issues is in many ways as irreplaceable as it is timely. The E-Gobrecht is an excellent addition to The Gobrecht Journal. Congratulations and continued success, Bill.
From Kent McIntyre: Hi Bill: I would like to subscribe to E-Gobrecht. As an old guy and a long-time collector of other U.S. denominations, I am now collecting Seated Liberty coins except for the dollars. What I really need is a copy of "The Complete Guide to Liberty Seated Half Dollars". Have you considered either reprinting it or revising it? I use the Overton book for Bust Halves constantly. It is very important that I get a source for R (rarity) listings and die varieties for the Liberty Seated Halves and other denominations. I bought the set of four books from McCloskey and look forward to volume five soon. Any help you or other members can give will be much appreciated. Thanks.
From Ron Swerdloff: Bill, Another terrific issue of E- Gobrecht. Thanks.
From Michael Luck: “…concerning CC trade dollars, which CC date is the most common and available and comes nice with good strike eye appeal and luster. I would like one for type.” (Ed., I forwarded this question to Trade Dollar expert Bill Cowburn for an answer and he replied:) Hi Bill.
The most common Carson City issue of Trade Dollar is the 1875-CC. Fortunately, this date also usually comes well struck. There are two main varieties of this date available – the Type I/I and Type I/II. The Type I/I is by far the most common for this issue. Of course, Type I/I simply refers to a coin that has a Type 1 Obverse (LIBERTY ribbon ends point sharply to the left and Liberty has 3 fingers under the olive branch) and a Type 1 Reverse (there is a berry beneath the eagle’s claw). A Type I/II coin has a Type 2 Reverse, which does not have a berry under the eagle’s claw.
However, I would also suggest looking for an 1877-CC for his type set. The 1877-CC is much scarcer than the 1875-CC, usually comes well struck, and normally can be bought for not much more than the 1875-CC.
I hope this helps… Bill
From Bill Oldenburg: Good Afternoon Bill, I have a question for you related to the 1861-O Liberty Seated Half Dollar.
I have a very nice certified AU piece coming in the mail to me on approval from a coin dealer. I have been able to look at an image and speak to the dealer and I am under the impression the piece is a middle die state.
I tried to use Dick Osburn's web site and Heritage auction prices realized as references to the different die states. Dicks' site describes them, but has no images. Heritage has the images, but does not describe the die states.
My question is this: Do you have any images of the early/middle/late die states of the Confederate crack? If not, do you know where I can go to find images of these? I would like to attribute the piece as well as any other pieces I may run into in the future. Any help would be much appreciated! Thank you in advance for your time and effort.
From Alan Zischke:…Bill! Did you see the upcoming Stack's Seated Half Sale (Ed., Buddy Byers Collection)? It looks top notch!
In the upcoming LSCC Survey, there are many halves that I haven't attributed. Should they be called WB 101 or will there be a category like "I'm not sure" or just left out, I have about 250 halves and over half are not attributed yet. Can a deeply richly toned Seated Half be naturally toned on both sides or is that almost always artificial toning? Hope you had a good summer!
From Dave Schaefer: …Bill, I have accessed and enjoyed the back issues of the E-Gobrecht through GF's site with no trouble…
The E-Gobrecht has featured interesting, informative content from the start and I hope to add to the content in some shape or form soon. My areas of interest are Seated Halves and Seated Dollars.
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- LSCC yearly dues due – October 31st, 2006.
- Next issue of The Gobrecht Journal – November 2006.
- LSCC Regional meeting – Baltimore, MD coin show, Saturday, November 11th, 9 AM (See notice in this issue).
- Quarter census mailed out – Early 2007.
- 100th Issue of The Gobrecht Journal – November 2007
Information, input, comments, or suggestions for improvements to this E-Gobrecht are actively solicited from anyone and may be sent to firstname.lastname@example.org or by writing or calling:
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Information on the Liberty Seated Collectors Club
The LSCC Pledge. To encourage, promote, and dispense numismatic knowledge of the Liberty Seated coins; to cultivate fraternal relations among its members and all those interested in the science of numismatics.
President: John McCloskey.
Vice-President: Larry Briggs.
Secretary/Treasurer: Len Augsburger.
LSCC Membership Information. Dues are $15 per year and include three issues of The Gobrecht Journal, an award winning numismatic publication. To join the Liberty Seated Collectors Club, for The Gobrecht Journal mailing address changes, or for other membership questions, correspond with the LSCC Secretary Len Augsburger at:
Phone: (847) 816-1649.
Articles, comments, or advertisements for publication in The Gobrecht Journal may be addressed to the LSCC President:
John W. McCloskey
President, LSCC, and Editor, The Gobrecht Journal
Email address: John.McCloskey@notes.udayton.edu