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New Commemorative Category in Navigation Pane

We have just added Commemorative Coins to our list of available inventory. We will try to maintain both classic and modern Commemorative offerings. Many of the modern items will come in their original government packaging which will include an official US Mint display box and COA.

Published: 5/27/2019


Cleaned Coins

In your searching, have you ever come across a coin that you believe is a great find? Maybe it's a part of a series or denomination that you've been tracking down for years? Maybe it's all you need to complete a collection? The coin is in good shape w/ no obvious signs of alterations or manipulations. You send it to a Third-Party Grading Service to be graded, and after a month or so of waiting, you receive the crushing news that the coin has been cleaned. Well, if this has ever happened to you – you’re not alone!

Some coins you can tell just from a simple glance that it has been cleaned. One of the most obvious tells are the parallel scratches or hairlines that can cover the entire side of a coin or just a smaller section. Other coins, you can look at over and over again, even using magnification, and still you are unable to detect any signs of cleaning.

There are many numismatists who believe virtually all coins that have any age to them, let’s say 50 years and older, have been cleaned at some point. There are estimates as high as 40% of coins submitted to Third-Party Grading Services are tagged as being cleaned.

What is the value of a cleaned coin? There is no simple answer, several factors need to be considered. Pre & post cleaning condition of the coin, rarity of coin, market demand of coin, method of cleaning and degree in which coin was cleaned, etc. Perhaps the best answer is that each cleaned coin needs to be evaluated on a case-by-case basis.

There are auction houses that auction-off cleaned coins, and some of these organizations provide historical auction archives. You may be able to determine a rough estimate as to the value of your cleaned coin using these historical records.

It’s important to never to clean a coin. It’s also important to keep in mind, that a cleaned coin’s marketplace is limited. If you believe that a coin has little eye-appeal in its current form, you can look into the restoration services that some Third-Party Grading Services offer.

Published: 7/31/2018


New Coin Rarities Section

Be sure to check out our new Coin Rarities section. In this area, we will provide examples of coin errors, non-regular issues and varieties. We plan on highlighting rarities that may not be on everyone's radar. New entries will be added on a regular basis.

Published: 11/17/2017


Coin Collection or Coin Hoard?

Recently, we finished the task of itemizing an estate coin collection. Jobs like this are always an interesting to take on as you never know which coins you may come across. Will you find same rare & valuable coin? How old will the some of the coins be? Which countries will the coins be from?

Unfortunately, there were no true rarities on this occasion, no "game-changing" coins in terms of value, no coins predating the 1830's, with the bulk of coins from the United States. However, the sheer volume of coins was formidable.

We received the coins in multiple waves. The 1st wave was mostly modern items. Eisenhower dollars, SBA dollars, non-silver JFK halves and Lincoln cents (wheaties & memorials) were all present by the hundreds. Additionally, most of the Mercury dimes and silver Roosevelt dimes were found is this first wave. Various Jefferson nickels from the 1930's thru 50's were also present.

Interestingly, this first wave of coins was thought to be the entire collection. We found this a bit strange as there was a clear effort to collect silver dimes, post-1964 Roosevelts were very few in number. Adding to our suspicions, that there was more to this collection, was the fact that pennies, nickels, and dimes from the 1930's thru the 1960's were plentiful, but there were absolutely no full silver JFKs, no Franklin halves, no Walker halves, no silver Washington quarters, and even no Peace dollars. We informed the estate of the likely possibility there is more to this collection waiting to be discovered.

A couple weeks later, another part of the collection was found. This wave contained most of the older coins – the Morgans, Indian Head pennies, Buffalo nickels, Liberty Head nickels, Standing Liberty quarters, Peace dollars, Walking Liberty halves and all the different Barber denominations (dimes, quarters, halves). Many of these finds were still stored in old blue Whitman collector albums.

Collection (coin count) Summary:

Pennies:
- Braided Hair (Large) Cent - 2
- Flying Eagle - 2
- Indian Head - 64
- Lincoln Cent (Wheat) - 62
- Lincoln Cent (Memorial) - 882

Two Cents:
- Two Cents - 3

Nickels:
- Shield - 5
- Liberty - 24
- Buffalo - 43
- Jefferson (non-silver) - 228
- Jefferson (silver) - 6

Dimes:
- Capped Bust - 2
- Liberty Seated - 3
- Barber - 11
- Mercury – 83
- Roosevelt (silver) - 76
- Roosevelt (non-silver) - 12

Quarters:
- Barber - 13
- Standing Liberty - 13
- Washington (silver) - 3

Halves:
- Capped Bust - 1
- Barber - 37
- Walking Liberty - 16
- JFK (silver) - 1
- JFK (silver-clad) - 10
- JFK (non-silver) - 354

Dollars:
- Morgan - 28
- Peace - 34
- Eisenhower - 339
- SBA - 339

Commemorative:
- Columbian - 3
- Stone Mountain - 1

Civil War Tokens:
- F-15/319a (Army & Navy) - 1

In total, over 2,700 coins make up this collection. Total silver weight of applicable coins checked in at just over 89 ounces.

You may be quick to notice, even after the second wave, there is still a disproportionately small number of silver Washington quarters and no Franklin halves, despite hundreds of their contemporaries being found. Again, we let the estate know that there still may be some additional coins out there. Stay tuned!


Published: 7/31/2017


PAN (Pennsylvania Association of Numismatists) Spring Coin Show

We recently attended the PAN Spring Coin Show. While we managed to make the Saturday afternoon session, we would have liked to have spent more time at the coin show, but we were running on a pretty tight schedule. Unfortunately, some dealers were already packing up. However, we were able to make some purchases to expand on the MCV inventory.

Just a few observations from the coin show:
  • Morgan dollars were everywhere. Numerous dealers had Morgans on display – some by the dozen, others, perhaps by the hundreds.

  • With the exception of these Morgans, the majority of coins available appeared to have been from the post-Barber coin series era. Lots of Buffalo nickels, Mercury dimes, Standing Liberty quarters, Washington quarters, Walking Liberty halves, Franklin halves, etc. Attempting to find coins that predated this era, especially in higher quantities, required a bit more searching.

  • While the floor seemed busy, most dealers were pretty accessible and there was no more than one or two buyers at each vendor.

Published: 5/30/2017

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