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BC^3's Blog

05 Jan 2023

Wonderful Things Found on Vacation (Part I)

Young Numismatists Exchange | BC^3

It is always a good idea to ask you relatives if they have any old coins while you are visiting over the holidays! A while ago I traveled to Wisconsin to visit family (for my great grandma's centennial). My parents and I were staying at my grand uncle's house, and I thought why don't I ask and see if they have any old coins laying around. Luckily it turns out they did. My great uncle had a picture frame full of coins that his mother had made and passed down to him. While he was pulling it down from the attic he told me not to get my hopes up since he didn't think the coins were valuable. My eyes popped when he presented it. I immediately recognized a 1912 Saint-Gaudens twenty dollar gold piece which has a price range of over two thousand dollars. I also immediately noticed another two gold coins and two silver half dollars. I told my uncle that the picture frame was worth over three thousand dollars, and offered to help identify and inventory all the coins. Really, that was just the tip of the iceberg. There were many other interesting coins that I'll list below, like the 1863 Civil War Token, but going over the coins reminded him there was a tin box of coins from his mother's desk as well. I'll start with the coins in the frame and if I have time I'll add the coins that were in the box as well. Other than the Saint-Gaudens there was: a 1897 Liberty ten dollar coin (worth around one thousand three hundred dollars), a 1912 two and a half dollar Indian (worth around five hundred dollars), a 1920 fifty cent Pilgrim commemorative (worth about sixty dollars), a 1897 Haitian fifty Centimes (worth around forty dollars), a 1863 'If anybody attempts...' Civil War token (worth around forty as well), a 1864 two cent Shield cent large logo (worth about twenty dollars), a 1893 fifty cent Columbian Expo commemorative (worth around sixteen dollars), two Indian Heads from 1891 and 1903 respectively (worth around eight and two dollars).I found the Dixie 1863 Civil War most interesting, since there is also a variety with a misspelling. The text reads "The Flag of our Union" on one side and "If anybody attempts to take this down, Shoot him on the Spot". The variety recommends to "Shoot him on the Spoot". It was a great discussion with the whole family about the variety and everyone found it funny. So my uncle agreed we needed to open the picture frame to check for this variety and find the date on the twenty dollar coin. Unfortunately his coin is the standard version. I couldn't get very good photos of the individual coins, so the picture is from an internet auction.More about the contents of the tin can in part two.

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19 Dec 2022

How Many Cents are in Lincoln’s Portrait?

Young Numismatists Exchange | BC^3

When I was visiting the ANA Money Museum (in Colorado Springs) I found a Lincoln portrait poster which created a picture of Lincoln out of cents, similar to pixel drawings where each cent would be placed in a certain area based on its color to make a larger image. Now this on its own would be coo,l but not really article material, so I decided that instead of using modern coins (Zincolns) I would use only Wheat cents (1909-1958) since that was the first time he appeared on one cent coins after all. For the eyes I used steel cents (only made in 1943) and background requires new red coins, and as I'm sure you know it is incredibly difficult to find Wheat cents in high grades in circulation. So I wouldn't have been able to find the number of red cents needed if not for my parental finding an error finder on a coin forum and purchasing the necessary uncirculated rolls (from the 1950s) and allowing me to use some of the cents from his bag of thousands of toned Wheat cents pulled from change. The construction itself wasn't incredibly difficult; rather it was very time consuming, since I could only place a few rows before needing to let the glue dry (I know many of you are cringing at that but don't worry we double checked and none of them were rare or valuable for more than copper value). The goal is to display it at our local liberty or bank as part of the Ancient Coins Project through the YN program. As part of that I will create a placard with information from my own research and from the literature that accompanied the template kit.If you wish to make your own I will list the materials here: 846 cents (of varying degrees of wear), the Abraham Lincoln Poster Kit or another template of your choosing, PVA glue, a sturdy frame (that can hold around 5 pounds), time, patience and a friend who will put up with you. This project definitely taught me about the varying oxidation of different metals, how luster is formed and can be preserved, more of Lincoln's history and why he was put on the one cent coin in the first place. I would say that this is a very enjoyable project but definitely not for everyone, seeing as it is fairly expensive to do, takes quite a bit of time before you even see progress, and requires rather steady hands combined with terrible posture. But I think that describes most of collecting anyway, so if it interests you go ahead. Thanks once again to the ANA money museum for supplying us with this really interesting and cool project!

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17 Sep 2022

2022 YN Online Auction Success – Part One

Young Numismatists Exchange | BC^3

This is a 'quick' rundown of my experience at this year's YN ANA auction. Let me just thank Sam for setting it up and all the other YN's; y'all were awesome!

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26 Sep 2021

Deciding to grade a 2021 Reverse Proof Silver Eagle set

Coins-United States | BC^3

I was trying to decide if I should grade my 2021 Reverse Proof Silver Eagle set which is coming in the mail soon. Since I'm also learning statistics I decided to do some research. I looked up all the NGC and PCGS graded Reverse Proof Silver Eagles to see how often they get a PR70 instead of PR69 or below. I added up all the submissions and divided the number of PR 70 grades (see spreadsheet link below).I also assumed that an ungraded coin was worth about the same as a PR69, so the only grade that could be worth more than just selling the coins is a PR70. I then multiplied the percentage of PR70 with the additional value or a PR70 above a PR69 to get what is called the expected value of a submission. Basically this says that a 90% chance to win $1 is worth $0.90 while a 1% chance to win $100 is worth more ($1).The results are that PCGS has a 54.35% chance of grading PR70 and NGC has a 59.13% chance. Looking at sold recently (pre-sales of PR70 sets) vs the sales of raw sets on Ebay, PCGS PR70 adds about $350 while NGC adds about $300.This means that the expected value for PCGS is $190.36 and NGC is $177.40. Both are above the submission prices. So unless you get a set with obviously defects (you don't need to submit sealed packages), then you should submit your coins.Link to data used in this blog to determine expected value below.\/ \/ \/Data used to do find expected value of grading the 2021 ASE Reverse Proof.

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07 Dec 2020

Waiting for the US Mint Silver Eagle V75 Privy

Coins-United States | BC^3

On November 5th, 2020 early in the morning I, like many others, was on the US Mint web site waiting for the release of two special, limited edition, gold and silver America eagle proof coins. Because they have a mintage of only 1,945 for the gold coin and 75,000 for the silver coin, they sold out in minutes. They are extra special because they honor the 75th anniversary of the ending of World War II with a V75 privy mark.

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