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of BU Franklins I acquired, 100 rolls of 1963-D''s, a total of 2,000 coins, resulted in financial disaster for me and my partner. Oh, the bag quantity was original all right. All the rolls were in their original bank-wrappings, and had obviously never been unwrapped. The coins in these rolls were beautiful, bright blazers. We submitted the 125+ nicest coins to PCGS and NGC for grading, figuring if we got 40 or 50 MS 65''s we''d make a profit. The result? 5 MS 65''s!! The rest graded either MS 64 or MS 63. Why? The majority had a couple too many bag marks (a common problem with BU Franklins), or had coincollectingpennies a bit too much pitting on the high-points of the devices (another common problem with BU Franklins), or were too softly struck to grade MS 65 (another common problem with BU Franklins, or finally, had some very light hairline coincollectingpennies scratches, the result of having passed through a coin counter! By comparison, a single roll of late date Walking Liberty half dollars would likely have more gems among the 20 coins than the 1963-D Franklins did among the 2,000. Despite having populations a fraction of the Walking Liberty halves in gem condition, gem Franklins are currently priced well below the levels Walkers are currently selling at. Additionally, if one wishes to compare the populations of untoned, brilliant MS 65 Walkers to untoned, brilliant MS 65 Franklins, the population differences are even more striking in favor of the Franklins!
this market was virtually ignored 30 years ago. What brought it to prominence? Quite simply, information was made available that resonated with the collecting public. At that time, high grade Morgan dollars were not even considered worth collecting by many numismatists, because they were thought to be so plentiful. In other words, though they ranked high in categories 1. Beauty, 2.Quality, and 4. Price, in collectors'' minds they ranked extremely low in category 3. - Rarity. Therefore, their desirability as a collectible was thought to be limited. However, several landmark books were published on Morgan dollars in the 1970''s and early 1980''s which educated the collecting public on many aspects of the Morgan dollar series they were not aware of. Probably the most significant of these books, Wayne Miller''s "The Morgan and Peace Dollar Textbook", was the coincollectingpennies first book that provided an in-depth date-by-date analysis of this series along with photographs. Significantly, Miller was one of the first authors to estimate a date''s rarity not only in uncirculated condition, but also in gem MS 65 uncirculated condition, and gem MS 65 prooflike condition. This new information was a tremendous boon to the
devoted to it. Here is one final, very important similarly between the Morgan dollar series and the Cameo Proof series: In grading prooflike Morgan dollars, the two largest grading services in the nation, PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation), coincollectingpennies offer two grades of prooflike for that series - "DMPL" (Deep Mirror Prooflike) - for the very earliest strikes off the business die, and a simple "PL" (Prooflike) - for the slightly later strikes. PCGS and NGC now offer a similar delineation for all proof coinage from the 1950 to 1970 era. As of early February, 1992, PCGS offers two cameo designations for early strike cameo proofs - "DCAM" (Deep coincollectingpennies Cameo - roughly equivalent to what we refer to as "ultra-heavy") - for those cameo proofs which were the very earliest strikes off the proof die, with the heaviest contrast, and a simple "CAM" (Cameo) designation for those coins which were slightly later strikes, but which still possess significant cameo contrast. NGC instituted their own two-tier system similar to PCGS'' in the spring of 1995. With PCGS and NGC now involved, novices will coincollectingpennies for the first time have their coins recognized by the most widely used grading service in
Click here - Numismatics! Your reputable online source for distinguished rare and collectors coins and proof sets is just one click away! Click HERE to browse our extensive catalog of rare coins, complete sets, proofs, uncirculated sets and get reliable market information also!
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