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Greater Atlanta Coin Show
2017, our 30th year of monthly coin shows

Coin Show - Monthly Notes from May 2017

 
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The May 2017 Greater Atlanta Coin Show packed the bourse with dealers and their showcases
filled with numismatic and collectible treasures for the many visitors to browse, buy, sell or trade.

This month our visitors came in spurts - the show would be busy with heavy traffic, that group would
leave and it would be a while before the next group filled the aisles.

That's okay, we appreciate all of our visitors regardless of when and how they arrive.

Of course, we also appreciate our dealers, our security and the hotel's staff for their assistance in
making the show a success.

For May, a few of our regular dealers had schedule conflicts and visiting dealers took their places on
the bourse. We extend a welcome to these dealers, our appreciation for their joining us and our
hope that they had a good coin show.

As for the hotel, it was not as busy as last month nor was the parking lot packed with 18-wheelers. A
couple of churches held their services downstairs while golfers enjoyed the 18 holes behind the
hotel.
The hotel hosted other events as well, but they did not have the
scale of attendance to fill the parking lot or the hallways like last
month.

The show occurred on a beautiful blue sky day after rain the night
before. The sun shone with breezes that kept the temperatures in
the high 60s, low 70s.

Was this blackberry winter? Or, perhaps it was one of the other
"winters" that occur in springtime.

Now, I'm from the north Georgia countryside and am only familiar
with blackberry winter, which, in general, is unseasonably cool
temperatures when the blackberry briars are blooming.

But, there are other "winters" in the south, such as Redbud,
Dogwood, Locust, Whippoorwill and Britches. The Redbud,
Dogwood and Locust winters would occur when those trees are
blooming.

Whippoorwill is for a cool spell that is not really cold. Britches, on
the other hand, is for temperatures in May that are cold enough to
wish for long johns or long britches.

All these years of spring "winters" and I called them all blackberry.

You learn something every day.
On the bourse, people discussed the metals' markets and how the French election might impact the prices of the
precious metals. Some dealers in metals closed their trading early on Friday in anticipation of strange results in the
prices after the election on Sunday.

After the fact, the metals did not dramatically react to the French election results, however they have dropped in the past
few weeks from their highs in mid April.

The French election did not stop visitors to the coin show from searching for their particular treasures.

Let's virtually look at some of their interests in May.

As is usual, people looked for silver, some for bullion and others for specific coins.
In particular, they looked for early BU Franklin half dollars with full bell lines. BU
stands for "Brilliant Uncirculated" and is a generic term for uncirculated coins
retaining their original mint luster. Once graded, BU coins will usually have a Mint
State (MS) number of 60 or higher.

As for the "full bell lines," PCGS (Professional Coin Grading Service) states:

"When the bottom set of lines across the Liberty Bell is complete and
uninterrupted, a regular-strike Mint State 60 or above Franklin Half Dollar
receives the designation Full Bell Lines (FBL). If these lines are obscured by
marks, strike, planchet defects, or other problems, the coin will not receive the
FBL designation.

"A few marks across the lines will not prevent a coin from receiving this
designation, as long as the continuity of the lines is not disturbed. Multiple marks,
scratches, scrapes, or other detractions that interfere with the continuity of the
lines will prevent a specimen from receiving the FBL designation.

"Slight incompleteness of the bell lines, immediately to the left or right of the crack
that traverses the bell, will not prevent a coin from receiving the FBL designation."

This Franklin Half Dollar coin is a nice specimen graded by NGC (Numismatic
Guaranty Corporation) as Proof 65, however it is not designated as FBL.
Franklin Half Dollar Coin obverse NGC PF 65
Next, people looked for early Lincoln cents.

In 1909, the US Mint produced the last of the Indian Head cents and the first of the Lincoln cents.

During the centennial year of his birth, the coin began with his portrait on the obverse and wheat ears on the reverse.

How about this NASA photograph of one of the first Lincoln cents of 1909?  They explain:
Franklin Half Dollar Coin reverse NGC PF 65

BU Franklin Half Dollar Coins

Early Lincoln Cent Coins


"Matching the other new silver designs of the time, the
quarter depicts Liberty seated on a rock, her left hand
holding a liberty cap on a pole and her right holding a
shield inscribed LIBERTY.

"Thirteen stars are around the upper border, and the
date is below.

"The reverse is somewhat similar to the preceding
design, except the denomination is now expressed as
QUAR DOL. instead of 25 C and the eagle is a bit
heavier looking with a shorter neck and body. There is
no motto on the reverse."

He continued with mentions of the different varieties.

This image courtesy of CCF Numismatics shows
Variety 2 produced in 1853.
"The penny in this image is part of a camera calibration target on
NASA's Mars rover Curiosity. The Mars Hand Lens Imager (MAHLI)
camera on the rover took this and other images of the MAHLI
calibration target during the 34th Martian day, or sol, of Curiosity's
work on Mars (Sept. 9, 2012).

"The image was acquired with MAHLI at a distance of 5 centimeters
(2 inches). MAHLI can acquire images of even higher resolution and
can be positioned as close as 2.5 centimeters (about 1 inch);
however, as this is the first checkout of the robotic arm, it was
decided not to attempt to place the MAHLI at its closest focus
distance during this test.

"The image shows that the calibration target has a coating of Martian
dust on it. This is unsurprising - the target was facing directly toward
the plume of dust stirred up by the sky crane's descent engines
during the final phase of the 6 August 2012 landing.

"The penny is a nod to geologists' tradition of placing a coin or other
object of known scale as a size reference in close-up photographs of
rocks, and it gives the public a familiar object for perceiving size
easily when it will be viewed by MAHLI on Mars.
Lincoln Cent 1909 VDB on Mars Rover Curiosity
"The specific coin, provided by MAHLI's principal investigator, Ken Edgett, is a 1909 'VDB' penny. That was the first year
Lincoln pennies were minted and the centennial of Abraham Lincoln's birth. The VDB refers to the initials of the coin's
designer, Victor D. Brenner, which are on the reverse side. Brenner based the coin's low-relief portrait of Lincoln on a
photograph taken Feb. 9, 1864, by Anthony Berger in the Washington, D.C. studio of Mathew Brady."

Liberty Seated Quarter Coins

Last on our list for this month are some early mint sets.

From United States Proof Sets and Mint Sets by Ron Guth and Bill Gale:

"United States Mint Sets are a fairly recent innovation, making their first official
appearance in1947. Prior to that time, collectors could obtain Uncirculated
examples of our nation's coinage by applying directly to the Mint, either in person
or by mail.

"However, by 1947, requests for Uncirculated coins had become so frequent that
the Treasury decided to standardize the process and issue official Uncirculated
coin sets in official packaging. Thus, the U.S. Mint Set was born.

"From 1947 to 1958, Mint Sets contained two of each coin issued, so that
collectors could display the front and back of each coin. This practice was
discontinued beginning in 1959, when only one of each coin was included in the
set.

"In that same year, the packaging was changed from heavy cardboard (into which
the individual coins were inserted) to a pliofilm package that protected each coin
in its own individual compartment."

Here are several examples.

The 1948 Mint Set has two of every coin from Philadelphia, Denver and San
Francisco. However, San Francisco did not produce the half dollar coin, so those
cells were blank.

The 1957 Mint Set only had two sets of two coins since the San Francisco mint
had closed its operations.

The 1959 Mint Set shows the introduction of the new packaging, which would help
prevent the damaging exposure to the coins as seen in the earlier examples.
As always, the May Greater Atlanta Coin Show offered visitors a wide variety of numismatics and other collectibles -
many more than the few mentioned above.

In June, the coin show's bourse will be filled with dealers and their showcases containing coins, bullion, currency,
exonumia, and other collectible items.

Join us on Sunday, June 4, 2017, to see the new, old, and interesting numismatics and collectibles on the coin show's
bourse.
Liberty Seated Quarter Coin 1853 Variety 2
People at the show also searched for Liberty Seated Quarter coins.

The US Mint produced the Liberty Seated Quarter coins from 1838 to 1891 with multiple varieties through
the years.

On the PCGS web site Q. David Bowers described the coins:

"Gobrecht’s Liberty Seated design made its appearance in the quarter dollar denomination in 1838.

Early Mint Sets

1948 US Mint Set
1957 US Mint Set
1959 US Mint Set