Volume 2, Issue 5, May 2006
Whole Number 14
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.
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Acknowledgements and Miscellaneous Notes from the Editor
Many thanks to Jim Gray, Len Augsburger, and the subscribers who corresponded with me.
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.
We are now up to 141 E-Gobrecht subscribers! Thanks to everyone for your interest and support.
Please consider submitting something for print. A simple email will suffice: everyone knows something for which others are interested. To quote Bill Luebke in the John Reich newsletter: “An interesting find, an unreported die state, your impressions of coin shows and auctions, a good cherry pick, an interesting anecdote, bizarre coins, news from other media, your collecting goals, neat coins from your collection, opinions regarding rarity and Condition Census, collector profiles, interesting (in both the good sense and the bad) eBay listings, questions, comments, and snide remarks. Most anything will do.”
Features in this issue
==> Question of Month: Answers to April’s question and May’s question.
==> Auction News by Jim Gray.
==> Central States Convention LSCC meeting notes by Len Augsburger.
==> Plug for the
==> 1840-P half dollar
with a check mark die crack by
==> Recent subscriber correspondence.
==> Question of the month. Many thanks to Jim Gray and this wonderful idea: a question is posed each month to E-Gobrecht subscribers and replies are solicited. This forum hopes to increase collector interaction and correspondence. Your participation is welcomed and encouraged.
Last month’s question
If you needed a very fine 1870-CC half dollar for your collection, would you pay a full VF-25 price for a piece graded VF-25 by PCGS with the E of Liberty worn off and the R weak?
Harry Salyards. Regarding the PCGS "25" with the E worn off--NO WAY! Any more than I sprung for the "EF-40" of that very date, in the same-flavor slab, making the auction rounds several years ago, with multiple abrasive cleaning lines through the reverse fields. The coin is, and always will be, WHAT IT IS. The only thing that the 20 year history of coin slabbing shows is, that the same commercial entities who made their names initially with ultra-conservative grading, are just as happy to plunge to the depths of "commercial" sleaze-grading today, if that's where the money is. However, God help anyone who bought into such stuff, once the fog dissipates and it becomes apparent that "the Emperor HAS NO new clothes"!
As a long time Liberty Seated half dollar enthusiast, I am stuck with the old
grading belief that a coin grading Fine will have a full, but weak,
Question of this Month
Would you pay a premium for a coin that you needed for your collection if it was pedigreed to Eliasberg, Norweb, or other famous collections? Send your comments to the E-Gobrecht Editor at firstname.lastname@example.org.
By Jim Gray
Auction activity slowed from late March through the middle of April with only
two major sales. The
The 1851 original dollar was obviously circulated and a little scruffy, but still realized $46K in an MS-60 holder. The 1852 was a lovely AU-53 that went for $32.2K.
There were two deeply toned, well-struck 1854 dollars that appeared to have
spent a long time together. I remembered an article in the Journal about a
horde of 1854 dollars that were brought into a coin shop along with many common
circulated Morgan dollars. I did a little searching and found "The Five
Sisters Born 1854" by David Cohen that appeared in issue 29 of the Journal in
March 1984. The five coins were pictured and all were darkly toned with a
good strike on the head and date. Lot 33 of the Superior sale was coin #4
in the article, which was matched by a toning streak beginning below the cap
down through the right obverse field and across
The collection had a number of proofs in the set with the 1856 and 1857 dates being represented by proofs. A gorgeous AU-58 1859-S dollar hammered for $8K. The 1870-CC dollar was a spectacular MS-63 that sold for $36.8K while a deeply toned 1872-CC in AU-58 went for $17.2K.
Outside of the dollars there was very little newsworthy Seated material in the rest of the sale, but an AU detail, net XF, 1870-CC half listed as cleaned and scratched did not sell.
The beautiful AU-58 1849-O quarter from the Frog Run sale did not sell nor did an AU-55 1854-O huge O quarter, whose only problem seemed to be an obvious dipping. A conservatively graded 1870-CC quarter in AG-3 brought $6.3K.
In the half dollars,
In the nostalgia department, three coins from my collection appeared for sale,
all unattributed. In the
The AU-58 1842-O dime in the Heritage sale also ex Pittman went for $1.38K, exactly what it brought in my sale, while the 1860-O dime in XF-45 hammered for $4K, a nice advance over the prior $3.3K.
==> Central States
Convention Liberty Seated Collectors Club meeting notes by Len Augsburger. Approximately ten collectors attended the
LSCC meeting held in conjunction with the Central States show in
A call was made for personal stories related to Kam Ahwash, the founder of the LSCC, for future publication in the Gobrecht Journal. (Please submit these to John McCloskey directly at John.McCloskey@notes.udayton.edu. Thanks, Editor)
The collective volume number five, covering 1995-2000 edition of the Gobrecht Journal, remains in progress. A computer hard drive failure in November 2005 required much formatting work to be repeated. John hopes to have a completed draft ready to display at the 2006 ANA, the entire work is over seven hundred pages. Collective volume six is expected to require much less time to prepare as all the material is already in digital format; much of the collective volume five photographs needed to be scanned in order to prepare the book.
John asked members to submit ideas for the
100th issue of the Gobrecht Journal, which
is scheduled for November 2007. This will be a topic at the LSCC meeting
the ANA this summer in
A survey on the top
Bill Cowburn mentioned some of the exhibits related to seated coinage on display at the show. A complete high-grade set of half dimes in a custom holder was a nice opportunity to see an entire set of seated coinage all at once, evocative of Mark Sheldon’s half dime set which was displayed at the LSCC meeting at the 2004 Pittsburgh ANA. Another exhibit was a grading set of seated dollars, from AG through Uncirculated. Finally, an exhibit on trade dollars was shown, demonstrating the differences between type 1 and type 2 coins, and presenting the fascinating “type 1.5” obverse discovery piece, an 1876 proof which was apparently a transitional coin between the two previously known types. Cowburn also gave a talk on trade dollar history and varieties on Friday afternoon.
==> Plug for the
==> 1840-P half dollar
with a check mark die crack across
1840-P half dollar check mark die crack.
==> Subscriber correspondence. Here is some information the Editor recently received. I changed the name of this category from Email traffic to subscriber correspondence because I’ve been receiving phone, email, and letter information.
James Bailey. Bill, your E-Gobrecht is a great idea! I feel your idea to show pictures of these unlisted coins are even a greater idea to those who are interested in varieties. I am writing to give a few of my favorite unlisted varieties. I believe those who have not seen them would definitely find them interesting (to own if possible). I know that I sure did. There are seven more in addition to your two (i.e., 1856 saw tooth cud obverse and the 1867 haywire die scratches – Ed.). They are:
1. 1840 Checkmark Obverse at Cap
2. 1840-O Long denticles (Large O)
3. 1848 Crumbling stars on Obverse
4. 1858-S 3 MPD’s in rock (Large S)
5. 1873 No Arrows, 3 in denticles far right (Closed 3)
6. 1875 Recut 1 and 5 (Easy to see)
7. 1875-S 1 in rock (Very small S)
(Editor’s comments: I plan to show photos of all these in upcoming issues of the E-Gobrecht. The first one is shown above. – Thanks for the suggestions, James.)
Ron Sohns. Hi Bill, For
us novices, could the E-Gobrecht email
newsletter please discuss "What are the differences between tail hub 1 and tail
hub 2 reverses on Liberty Seated coins?" Thank you. (Editor’s
comment: This information can be found in various references: the
Gobrecht Journal and the Complete Guides of the
Sullivan. Hi Bill, Don't know whether E-Gobrecht will print comments about the Gobrecht Journal and vice versa. In
reading Issue 95, I am struck by the almost complete lack of commercial
advertisements -- Heritage is bragging about the Jules Reiver sale, Brian Greer is promoting his "large price
list," and one sole advertiser (a member) is actually selling a tangible
product. Is there something the club can do to encourage members and
dealers to advertise specific Seated coins? Even the Numismatist
now has a few coin ads. Advertisements are not bad; they add context to
the Journal's scholarship content. Fifty years from now, readers will look
at the ads first and then study Weimar White's letters to the editor on the
subject of toning or John McCloskey musings on CC dimes in the old days.
The Adolph Menjou sale of 1950 is of particular
Charles Sullivan. Hi Bill, I noticed in the latest Numismatist that Dallas Gold & Silver Exchange is advertising a PCGS (or NGC) MS65 1875-S for a very reasonable $2,995. I checked the website but the coin is not posted. You might wish to inquire to see if the coin is available, and if so, could they send you a scan? Maybe the 21st micro mintmark lurks therein. By the way, from what I can tell, the 1875-S is the most easily found SLH in MS65. Do you have a different candidate for this honor?
The "J" designation of the medal in the article this week
(April Issue of the E-Gobrecht. Ed.)
by Len Augsburger is not
Here' the complete bibliographical data on Julian's book:
Julian (R.W.) Medals of the
Len Augsburger. Bill- D'oh! Yes, I have the Julian book and consult it frequently. Please tell Dick it was just a typo! Regards, Len.
Len Augsburger. Bill-The LSCC meeting at CSNS is on Friday the 29th - if you can hold up a day or two I should be able to get you a meeting report on 4/30. Regards, Len.
Ronald S. Swerdloff. Dear Bill, I was not sure if I was on the list automatically but if not I would like to be. Is there an index to all issues of the Gobrecht Journal. For example: If I want to look for all articles on an 1853-O half dime, can I find it on-line? Does a comprehensive index exist hard copy? It would be terrific if the indexes could be compiled. I am struggling with the attribution of my half dimes and find looking through all volumes each coin is tedious. Thanks, Ron
Mike Vail. (Concerning the April Issue of the E-Gobrecht – Ed.) Very nicely done! Easy to read and informative with pictures! Thanks,
Vicken Yegparian. Like with our March 2006 Auction, I thought readers of the E-Gobrecht would be interested to know about Stack's upcoming auction of Part III Northern Bay Collection. As with the coins in our previous offerings from the Northern Bay Collection, Part III also features coins that have been off the market for 30 to 50 years.
The Northern Bay Collection, Part III will fall under the hammer on May 25, 2006 and includes the Collection's Quarters, Half Dollars, and Dollars as well as a continuation of the offering of Small Cents and Nickels that we had in Stack's March 2006 Auction.
Business strike offerings are fewer among the Liberty Seated issues than in our March 2006 Auction, which featured extensive runs of Half Dimes and Dimes from the Northern Bay Collection. However, there are some really great business strikes this month as well, such as a Mint State 1855-S Quarter, a BU 1839 No Drapery Half Dollar, a Gem BU 1852 Half Dollar, and a BU 1870-CC Dollar.
The Northern Bay Collection, Part III as well as three other Stack's May 2006 auction catalogues will soon be available at www.stacks.com. For those subscribers who don't get Stack's catalogues, they can drop me an email with their interests, and I'll make sure that they receive the appropriate print catalogues. I can be reached at email@example.com.
Brian Koller. An 1876 half dollar, MS63 NGC, is appearing in the upcoming Heritage June Long Beach Signature, and has an interesting circular mark on Liberty's thigh. This is on the exact center of the coin, and was caused when the working die was made. It is probably related to the 1847-1849 Seated Quarter "compass point" reverses, and the ring varieties found on some 1848 to 1853 O-mint Liberty Eagles. This coin can be viewed at http://coins.heritageauctions.com/common/view_item.php?Sale_No=408&Lot_No=&LotIdNo=1858&zoom=1
(Editor’s comment. This coin is an example of the Center Dot head die 1876 half dollar. There are two 1876 die marriages with a center dot including a normal date with Type 2 reverse and a recut 76 with a Type 1 reverse. Additional information can be found in an article by Dick Osburn in The Gobrecht Journal, Volume 29, Issue 86.)
Dick Osburn. I have just completed the Central States
Dennis Fortier. Hi Bill, We had our club coin show this past weekend. It was like being in a candy store, what a blast. It's a small show just 20 or so dealers. I didn't see much in halves and very little in varieties. I picked up an 1840 (WB-101) solid EF-40. I think it may have been cleaned at some time in the past. There is dirt in and around the date and letters. The toning is nice and even and the coin has a nice look. I got it for $70. There was an 1852-O that was way over priced for the grade so I stayed away (I'm learning). I also picked up an 1830 Capped bust half dime EF-45. I would like to complete a set of something and with just 9 coins for a date set I can do it with out much trouble. One dealer said I was the first person he's seen with your book looking for varieties. That is good in a way as I have less competition but also dealers will have less to offer. I also bought an 1857-S VG from a person who knows you and is a LSCC member, Bill Mackrides.
That's it for now take care.
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- LSCC Annual meeting – 2006 ANA Convention, August 2006, TBD
Information on the
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President: John McCloskey.
Vice-President: Larry Briggs.
Secretary/Treasurer: Mark Sheldon.
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John W. McCloskey
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