World Colonial

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About World Colonial

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    I was posting here when you were in diapers.

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  1. World Colonial

    1800 Early Dollar - grading code?

    It is the die variety reference number. One for Bolander I believe and the other for Bowers and his co-author.
  2. It's in the Red Book. If it wasn't, interest in it would be a lot less since it probably wouldn't be considered a colonial "coin". As for the subject piece of this thread, if it really is what is it claimed even without the GW story, it should be ranked as one of the top coins in the entire US series, far higher than so many US mint issues with seven figure price tags.
  3. World Colonial

    U.S. Coins is on Life Support

    Like it or hate it, the preference among many buyers (notice I didn't say just collectors) for CAC is part of the financialization of the "hobby". It is one thing to ignore it or claim it doesn't matter when buying moderately priced coins. It's another entirely for those who already made a substantial outlay and then this preference reduces the marketability of what they already owned. As for the decreased activity here, the most likely explanation is the stagnant price level and collectors losing money on their collections. I'm quite confident that if metal prices explode and take US coin prices with it, there will be plenty of prior contributors returning and new ones joining.
  4. World Colonial

    Cap & Ray 8 reales

    Yes, I own one of these also, an 1847 NGC MS-61 Go-PM which I bought back in 2005. It's also listed in the NGC census as an AU-58. This denomination is more expensive but I don't believe the relative price difference reflects the relative scarcity because most collectors prefer larger coins and the 8R is much easier to buy. Financially though, the 8R seems to now reflect a similar price structure to US coins though the spreads may be somewhat narrower. After reading these posts, I took a look at the World Numismatics inventory. They are now down to 339 as I write this post. So the coins sell fast. Problem is, even though this is one of if not the most common Latin 19th century type coins, the series is really long and virtually impossible to complete, especially in any better or decent grade. It's also expensive which discourages more than a very few collectors from even trying. I believe the 1894 Mo I own has a recorded mintage in the vicinity of 10MM, so it's really common. However, the survival rate especially in better grades must be really low because I haven't seen that many high quality coins. For the 4R, I see it more often than I did earlier, Stacks sold the largest collection I have ever seen of the minors back in 2011 and for the 4R, it's more than I have seen combined elsewhere in the approximately 15 years I have paid attention to it.
  5. World Colonial

    Cap & Ray 8 reales

    I own one, an 1894 MO AM PCGS MS-64, one of the first coins I bought when I resumed collecting in 1998. I paid $45 for it from a Collector's World Coin Universe auction. Now, it's probably a $200 to $300 coin. The series is on my short list if I were to collect something else, but it's become a lot more expensive than it used to be. I consider the 4R better values.
  6. Very interesting, thanks for posting. I didn't know this coin existed.
  7. World Colonial

    Is anyone carrying a pocket piece?

    I don't bother carrying any change around anymore and haven't for years since it doesn't buy anything. I have never carried any coins from my collection either.
  8. World Colonial

    U.S. Coins is on Life Support

    The activity has decreased drastically here since I joined in 2006. I attribute it primarily to the weaker market. I have also heard the change in the software is a root cause but don't know if it is true. I don't post on PCGS but do read comments occasionally. The site is still active but posting activity appears to be much lower than it used to be.
  9. World Colonial

    DDO 1982 D small date

    I was not speculating. I have looked at the two versions of the 1861 double eagle. In your images, I can see the difference between the "O" in "OF", was aware of the difference in the lettering and still don't consider it noticeable unless someone is specifically looking for it. This difference is completely trivial for such a supposedly prominent coin. My recollection is that the coin was discovered in 1879 and if this is incorrect, years after 1861. So apparently, whoever owned it prior to it's public disclosure didn't think anything of it either. But to correct my prior post, the Coin Week article states that the 1861 mintage was three million. It doesn't specify it for this coin. As for the '72 DDO obverse cent pictured, it's a lot easier to notice than others I have seen to my recollection.
  10. World Colonial

    DDO 1982 D small date

    As I have no interest in this coinage, I have never attempted to inspect the '72 DDO even when I attended a coin show. However, on one occasion I made a similar comment here and someone replied to the effect that there are several different versions of it. By this I understood similar to the "weak" and "strong" versions of the 1922 "No D" cent and the 1911-D quarter eagle. If this is correct, then it would be a lot more noticeable depending upon the specific coin. My comment is also subject to definitions of "noticeable". What many others would consider to be, I do not. As examples, the numerous early large cent die varieties with different size dates and fractions listed in the Red Book are easy enough to see without magnification (or used to be when I was younger and my eye sight was better). On the other hand, there is a current article in Coin Week discussing the display of one of the two known 1861 Pacquet Reverse double eagles. The article points out that 300,000 were minted yet only two survive. How did this happen? The most logical explanation is that the difference is so minor that nobody even noticed it because they couldn't tell the difference between it and the "regular" issue. And so it is with minor errors and die varieties which are also so numerous that hardly any collectors even know it exists.
  11. World Colonial

    DDO 1982 D small date

    I couldn't find an example of a 1982-D doubled die elsewhere to compare to your images but don't see any doubling in either image. I have heard of numerous DDO Lincoln cents but other than the 1955, don't see why anyone would care because it isn't really noticeable. Even the 1972 which is probably second best known from the Red Book doesn't have prominent doubling in any image I have seen.
  12. World Colonial

    Bummed Collector

    There is a difference between buying ungraded coins in person versus without inspection which is what the OP did in this instance. With the overwhelming majority of US coins, there isn't going to be any difficulty in finding an example which most collectors in the past would have found acceptable, though this applies less now since there is a common tendency to exaggerate the significance of minor differences. For this reason alone, I'd only buy a US coin ungraded sight unseen above a nominal price if I trusted the seller.
  13. World Colonial

    Bummed Collector

    On the coins I collect, most have been cleaned and I can almost always spot it. However, since the TPG give some latitude, my opinion of "market acceptability" differs from theirs. I have never bought a whizzed coin. For the coins you bought, I would have bought one in the grade and/or appearance I wanted. Almost certainly more expensive but with less financial risk. Even with the frequently extreme selectivity US collectors practice today, all three should be sufficiently available where a satisfactory example can be found with some patience.
  14. World Colonial

    1932 Washington Quarters - Quality Question

    The actual quality difference between an "accurately" graded MS-66 versus MS-67 is immaterial. Since I don't consider the differences material, I don't see that there is anything out of the ordinary in the population reports. 1932 was the bottom of the depression for the stock market and economically, in 1933. 1933-1937 or thereabouts was an economic expansion. (DJIA rallied from 41 on July 8, 1932 to 190 on March 5, 1937.) So I think you are right that the difference in value between a quarter and a cent is a factor, as a few years of harsh economic times with a lower level of collecting versus a few years later could easily account for the variance. To my knowledge, widespread album collecting didn't occur until the late 1930's. I believe somewhere around 1938. I've heard of some rolls for 1930's quarters (don't know which offhand) but not it was that many, only enough to make these coins common in high grades as indicated in the TPG reports. The mintages for the 32-D and 32-S were both really low, even for the time considering population. Adjusted for mintage, it doesn't seem to me that the population counts in MS-66 are really that low. Not having calculated ratios, I'd attribute the survival rates to random chance.
  15. Of the two coins pictured, I like the 1935-S a lot more than the 1932. I don't care for the toning on the latter coin. Financially, I would far prefer to be the seller than the buyer at these prices. The PCGS population for a 35-S in MS-67 is 60 and for NGC it is 37. Heritage sold a 67+ CAC for $1680 earlier this year. So presumably the premium must be for the toning, not the grade or the sticker. The 1932 has a population of seven at PCGS and four at NGC in this grade. Heritage last sold a PCGS 67 CAC for $28,200 in 2016. This example is also toned though it's a personal preference which one is better. Probably also gradeflation and some duplicates in both numbers, as the 1932 PCGS count went from four at the time of the last Heritage sale to seven now. Lastly, longer term I expect this series to continue to lose value, as it has since the end of the SQ program.