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this market was virtually ignored 30 years coincollectingus ago. What brought it to prominence? Quite simply, information was made available that resonated with the collecting public. At that coincollectingus 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 coincollectingus in categories 1. Beauty, 2.Quality, and 4. Price, in collectors'' minds they ranked extremely low in category 3. - coincollectingus 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 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
the nation. Subsequent population reports emanating from PCGS will reveal how very scarce the majority of proof issues are in cameo. With the release of the cameo proof book, and with PCGS'' and NGC''s leap into this market, cameo dealers and collectors will now have accurate, hard data with the release of these services'' grading reports to back up what we long-time cameo dealers and collectors have known for years - that exceptional cameo examples of many dates are extremely rare, and are truly among the best values coincollectingus and coincollectingus in U.S. numismatics today. Most collectors and dealers are very familiar with BU Franklins. The majority of uncirculated BU Franklin half dollars on the market are extremely baggy, and/or possess very heavy, unattractive brown or gray toning. These are ugly coins. The Franklin design is a work of art in its simplicity. The bust of Franklin on the obverse, and the famous Liberty coincollectingus bell on the reverse, are beautiful when their surfaces are clear and unblemished! In addition, many Franklins were issued by the mint in cardboard mint sets. The sulfur from these paper products often created some of the most beautifully toned coins in all of U.S. coinage! While rare, gem Franklin halves
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 coincollectingus 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 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 scratches, the result of having passed through a coin counter! By comparison, a single roll of late date Walking Liberty half dollars would likely coincollectingus have more gems among the 20 coins than the 1963-D Franklins did among the 2,000. Despite having populations a coincollectingus 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!
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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