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BStrauss3's Last 20 Posts

1999 D Gold Connecticut Quarter Experimental Planchet Error
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted Yesterday   7:35 pm
Yeah, they don't put more than a tiny amount of gold on them, just enough to look ok when they sell them.

If you don't realize how thin that can be, you might have seen the ASEs plated with "160mcg" of ground zero recovered silver. That means that the silver from ONE ASE plates approximately 194,396 coins.
Forum: US Modern Variety and Error Coins
 
Commems Collection: 1920 Maine Statehood Centennial - Late For The Show!
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 06/04/2023  5:55 pm
Remember, the whole concept of the commemorative half-dollar was new...

After the Columbian Exposition Quarter and Half,

1892-93 - Columbian Exposition Half Dollar
1893 - Queen Isabella Quarter Dollar


except for this,

1915 - Panama-Pacific Exposition Half Dollar


all of the early commems were various gold weights.

It was not until 1918 that we settled into the half-dollar pattern...

1918 - Illinois Centennial Half Dollar
1920 - Maine Centennial Half Dollar
1920-21 - Pilgrim Tercentenary Half Dollar


Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors
 
Counterfeit Gold Coins In NGC Slabs
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 06/03/2023  7:20 pm
Excuse me?


Quote:
Fake slabs have been around for awhile, but recently the fakes slabs have been growing in the market place. PCGS has been the main target by the Chinese counterfeiters because because most of their holder coins do not have photos on the cert lookup. The new collector can protect themselves from counterfeits by buying from a reputable dealer, and buying coins that have photos to compare on the cert lookup. Unfortunately, the counterfeit coins and counterfeit plastic are getting better, and the counterfeit slabs enable the counterfeiter to sell their coins for more money. PCGS and NGC have contributed to their slabs being counterfeited by not posting high quality photos of coins on the cert lookup.


Fake slabs have been around since the Generation 1 rattler. That was the reason they went to the two-piece banded slabs...





Forum: US Classic and Colonial Coins

Arlington Texas - Tna Show 2023 - We Are Go
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 06/02/2023  10:22 pm
P: Was that you I sent to T&S?

The show was busy, probably over 100 people in line when it opened. It quieted down around 11 am and didn't really pick up in the afternoon, more steady traffic.

I didn't get to touch base with any of my dealer friends to see how it was going, but I did overhear one dealer saying he was sold out of gold and had sold most of his silver. I saw his case during setup and we're talking at least 20oz of gold.

Another dealer said he was shutting down and is selling his premium-quality Morgan set because he can't buy replacement material.

There were old dealers who have always set up at the show and several new dealers. One I talked to yesterday finally opened their shop in El Paso last week. And drove the ten hours to set up at the show this week. They'll drive the ten hours back Sunday night. Any bets if they're open on Monday?

There are a lot of younger faces starting to show up behind tables, not just as vest pocket dealers. Some of the VPDs are not small potato efforts, they're turn over is measured in kilobucks.

Several of the wholesale dealers have packs of younger scouts roaming the floor with laptops open and serious knowledge about inventory and price. "Sorry, I can't do 385 - we already have two". Any dealer with honest material at wholesale prices is liable to be left looking like the Cedar Waxwings came to visit.


There is a large silent auction of part of the Library of Numismatics International. The NI library http://numis.org/resources/library/) was a little-known and less-used resource that was basically taking up expensive storage space. The books are being sold mostly by the box of somewhat related books. Sad to see it go, but a few hundred of the most important pieces are off to the ANA Library.

I did see one fun piece, Pete Smith's "Building, Maintaining, and Disposing of a Numismatic Library". I wonder if they used the book to place the disposal.



I've found a couple of fun coin pieces, including the ANA 1/2 toz silver membership medallion from a couple of years back. It was a spiff for joining or renewing and as a LM I didn't qualify. And I'll admit I didn't want to buy one at $125... I thought that was a bit pricey for a 'contribution' even worse than the US Mint markups.



I got some nice change at the Quick Trip - a 1946 Jefferson nickel and a 1955D Wheatie. Plus a blasted 1965 quarter.
Forum: Main Coin Forum
 
Arlington Texas - Tna Show 2023 - We Are Go
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 06/01/2023  8:28 pm
Venue and Dealer setup is COMPLETE. Google says I walked 4.4 miles today and the venue is 48,600 square feet (262x180 feet).

All we need is YOU.

Doors open at 9 am tomorrow, Friday, 2 June 2023.

$3 admission, free for TNA members.

The show runs through Sunday (which is free admission day).
Forum: Main Coin Forum
 
Nickelsearcher 10,000 Post Contest - Round 5
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 06/01/2023  8:22 pm
3150
Forum: Contest, Quiz, and Giveaway
 
What Does The New CAC Grading Service Mean For Other TPG Values
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 06/01/2023  8:19 pm
Remember all that stuff about not grading moderns... Bunk... Not even open and they've jumped the shark!!!! This hit my email this morning:





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Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC.
 
What Does The New CAC Grading Service Mean For Other TPG Values
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/31/2023  8:25 pm
Earle42 & others


Quote:
CAC, just like the other companies are just that...companies/businesses existing to make a living/profit. As such, they will go where the money leads (which is what businesses do).


There is a difference between a price that makes a profit and the market clearing price that maximizes profits.

As long as your investors are fine with lesser returns, you are free to make less money.

That brings us back to an interesting point - who are those "over 125" who are investing in CACG? Who owns the biggest share and thus can put together a power block to drive the bus? There have certainly been cases where founders with one set of ideals have been eased or thrown out...

I'm specifically thinking of Krause Publications, where the 100% Employee owned company was sold without a vote by the employee-owners, it was done by the hired managers who believed they have a fiduciary duty to maximize the value of the company for the owners.

https://www.chicagotribune.com/news...1-story.html

Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC.
 
What Is The Best Date To Get For My Slabbed Type Set?
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/31/2023  8:15 pm
Generally you look for the least expensive that meets your other criteria (grade, mintmark, etc.).

With the proviso that some series have very few key dates and non-key dates don't always get slabbed. If you go out to NGC or PCGS sites they have population reports that will show you what might be available.

For example:



If you want an MS65 or MS66, there are a lot of 1964 dimes.
Forum: US Modern Coins
 
What Does The New CAC Grading Service Mean For Other TPG Values
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/31/2023  2:14 pm
6. CACG is deliberately planning to limit its services to what can be performed by a single pod of three graders viewing EVERY coin, with JA as the arbitrator if the three can't agree. They've stated no interest in common coins, in modern coins. My personal believe is the costs will be eye-watering.

If it costs $30-50 to grade a coin, that limits the appear to coins that are maybe worth $100-200 at a minimum. If you need to add another $35 for a CAC bean, that pushes the value proposition higher.

In order to limit submissions, they're going to have to charge say $100? At which point coins worth less than maybe $1,000 aren't economical.
Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC.
 
I've Never Counted This Many Errors On A Bill How Did This Get Make Circulation
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/29/2023  7:54 pm
Quick lesson - be careful of tone - we don't have the verbal cues you get f2f.

I'm sure you meant it's lame that somebody tampered with the note. But your words could also be taken as dismissing the educated opinion of several experts.

There is nothing that will get you ignored here faster than showing up, asking for an opinion, and being sure you are smarter than people with 20, 30, or 50 years of experience and arguing with them!

Forum: US Paper Money and Banknotes
 
1956 D Wheat Penny With Chip On Date, DDO, Mint Mark Is Too Close To Date
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/29/2023  08:47 am
Maybe in the center of the 9, but there's also damage making it hard to tell.
I don't think you can tell, but it looks like MD (Mechanical Doubling)
No - until 1990 they were hand-punched on the working dies and location is variable
Forum: US Modern Variety and Error Coins
 
Is Machine Doubling Common On The 1888-P Seated Liberty Dime Obverse?
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/28/2023  9:50 pm
There is an artistic artifact called Longacre "Doubling" where he deliberately put a step in the lettering.
Forum: US Classic and Colonial Variety and Error Coins

1960 D Lincoln Cent Damage/Error?
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/28/2023  09:24 am
Needlenose pliers. Robbie the Robot. Some piece of machinery like an elevator door. Something that gripped the coin hard.
Forum: US Modern Variety and Error Coins
 
Jug Full Of Change, What To Look For?
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/28/2023  09:23 am
BTW, the odds for the 2000P Proof Reverse ("Cherios" dollar) are no better than 1:153400. There were 767 million minted and 5,000 or less are the proof reverse.
Forum: Main Coin Forum
 
Jug Full Of Change, What To Look For?
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/28/2023  09:18 am
Also, stop reading The Sun, and watching those videos. They are at best vastly overstating the chances and the value of what you will find. At worst, they're just clickbait.

For example, Jefferson nickels. The only "key" date is the 1950D. Yes, in MS65 it's a $20-30 coin. But the one you pull out of circulation in Fine condition is something you would buy, paying a dealer full retail, for maybe $6. A dealer -might- pay $4.

http://www.numismedia.com/rarecoinp...proof=&plus=


Forum: Main Coin Forum
 
Need To Make Sliders For Dansco Album.
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/27/2023  08:58 am
Acetate is actually plastic not paper.

Hit up the crafts store and (if you don't already have them), buy a cutting mat, mat knife, metal straightedge, and look in the scrapbook department (or maybe with the Cricut machines) for archival material.

Forum: Supplies, Books, Reference, Software, etc
 
Red Book Valuations For Newbie
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/27/2023  08:51 am
Generally, they are out of date and FULL retail in a NICE coin shop. One where the lights work, the chairs aren't held together with duct tape, and the proprietor's clean shirt doesn't have mustard stains.

At best, they date from ~ 15-18 months before the cover date.

Forum: US Modern Coins
 
Silver Coins Melted At The Mint, 1968-1970.
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/25/2023  8:53 pm
That melt is 24% of all Roosevelt dime produced 1946-1964 or 17% of all Mercury+Roosevelt (1916-1964).
Forum: US Modern Coins
 
Silver Coins Melted At The Mint, 1968-1970.
BStrauss3
Pillar of the Community
United States
3842 Posts
Old Post Posted 05/25/2023  8:35 pm
1971 does not give #s, just that


Quote:
Silver
The program of separating, melting, and .selling silver coins withdrawn from circulation was completed early in the fiscal year.
Forum: US Modern Coins
 


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