Saturday, March 24, 2018

Procedures For Identifying A New Discovery

Let's look at my procedure when encountering a potential new discovery
I find something different, odd, out of place...call it what you will, it's an anomaly.

Click images for large size.

In the photo is a 2017-P Ellis Island Quarter, lightly circulated, found in a mixed bank roll. This specimen has extra metal below Mr Ellis' chin, behind his head, under his nose, and in front of his eyebrow. Ellis Jr has a bit of extra metal between his lips, reminiscent of Class 8 DDR's around the Lincoln statue plus a possible bit above his thumb.

FIRST: Is it Damage?
The most common misdiagnosis for an anomaly is damage. Always assume damage, them prove otherwise.
This does not appear to be damage.

NEXT: Compare to a similar coin.
This provides a reference against which I can examine differences. Hopefully the reference I am using is a normal coin. This is a great reason to build a complete set.

Ask: Is it Machine doubling?
After damage, md is the next most confused issue.
This is not consistent with md.
Ask: Is it the result of die wear/die deterioration? No
Ask: Is it clash marks? No

I've eliminated the most common explanations.

From here I go on a binge, checking for known varieties on Wexler and Variety Vista. If none are found, the coin may be a new discovery. It may also be an incorrect diagnosis of doubling, but my experience says keep going.


I can set this aside, hunt for another just like it. This could take forever and may never happen.
I can set it aside and wait for someone else to find one. They would receive the credit for the discovery.
I can offer photos and see what other people have to say.
I can send it to be attributed. I risk a few bucks, but if I'm right I get credit for the discovery - a fine feather in one's cap.

This procedure employs deductive reasoning to eliminate known possibilities and compares the anomaly to a control.

There is science behind the madness, even if its still madness.

Wednesday, March 21, 2018

Forgotten History

Long forgotten but remembered on the 1936-S Rhode Island Commemmorative Half Dollar is the story of a Pilgrim with a mailbox offering a high-five to the claw-fisted-rabbit-grasshopper-man because that's the sort of thing that went on in Rhode Island back in the day.



You can't make this stuff up!

Saturday, March 10, 2018

Cleaning Coins

When dealing with new collectors and less experienced hobbyists, the subject of cleaning coins comes up with almost clockwork regularity.  I wrote an article a few months back about but it was short and did not explain things in depth.  The subject came up again recently so I went ahead and made it the topic of a Coin Class video.




First General Rule: Don't Clean Your Coins

THE FIRST THING THAT WASHES AWAY IS NUMISMATIC VALUE
Without getting into detail, this is a rule that is based on the experience of millions of collectors that have come before you.  We've tried it all.  The expected result is a coin that is reduced in value as a result. 

It may be that you will have to try it for yourself to learn the lesson.  If this be the case, then get right in there and get your hands dirty.  I suggest trying it on some circulated Memorial Cents to get a feel for cleaning coins, see how it's done, and what it entails.  Rather than risk a valuable or favorite coin the first time out of the gate, practice with a coin that already has no numismatic value.  If you ruin the coin, it won't matter.

Try everything.  Ask people what they use.  You'll get every answer from soaking in ketchup to using a blowtorch.  Lemon juice, coca-cola, toothpaste, pencil erasers, dawn, copper cleaner, metal polish, borax, laundry detergent, xylene, mineral spirits, WD-40, acetone, ammonia, bleach, denture cleaner, eye drops, Alka-Seltzer, alcohol, Windex, milk, MEK, gasoline, olive oil, and some stuff I aint never heard.
I recently called the museum down at the University of Gainesville:
"I heard on facebook that ketchup is the best way to clean antique coins and historical artifacts and I was wondering what brand you would recommend."
I can't believe they hung up on me.

Cleaning is not the same as Conservation

Conservation serves to preserve historical artifacts without damaging or altering the item.  Learning proper conservation techniques will require years of study.  You won't learn these techniques in a facebook post, a 5 minute video, or a short blog post.
Considerations include the surface of the object, reagents and solvents, debris identification, understanding the potential interactions of the reagents and solvents with that debris, oxidation and reduction chemistry, metallurgy, vapor and contaminant control, tools and how they react with the agents, and environmental equipment necessary for controlled exposure and treatment of the surfaces involved.

Cleaning a coin removes 2 things, debris and value.  It will not restore the coin to its original appearance.  It will not bring out its original luster.  More often than not it will alter the surface of the coin in a manner that will forever destroy numismatic appeal.  An experienced collector can tell at a glance if a coin has been cleaned.  The way the coin reflects light is changed because the surfaces have been changed.  While a cleaned coin may be bright, it will not offer the same cartwheel effect as when originally minted.

The cleaning methods listed above generally fall into 3 categories:

Abrasives
Pumice, fibers, grit, sand, and fine hard materials are added to cleaning products to scour a surface much like sandpaper scours paint from the hood of your car.  These abrasives damage coins by scraping and gouging fine marks into the surface, diminishing details, and removing metal.

Acids
Ketchup, lemon juice, vinegar, and Coke contain acids.  Phosphoric acid, citric acid, acetic acid, and more complex organic acids will interact with metals.  Copper is especially affected as it is prone to reaction.  These acids can etch the surface, promote oxidation, and leave permanent discoloration.  In more extreme cases of acid exposure the surface can be pitted and corroded.

Solvents
These are compounds which readily draw other materials into solution.  Materials are dissolved.  Not just the material on the coin, but the metals of the coin itself.

Surfactants
Soaps and detergents act as surfactants, changing the properties of the solution in which they are mixed.  These are great at getting the grass stains out of cotton, but we're not really talking about grass stains or cotton.  The issue here is removing the surfactants from the coin which usually requires an abundance of water (a solvent), bringing exposure to whatever compounds are already in the water: chlorine, flourine, salt, acetohalenes, calcium, iron, and whatever else can be found in wells and municipal water systems.  Incomplete rinsing can leave behind a film which, over time, can further damage the surface of a coin.  You get one thing off but you add another.

For all the effort and expense involved in cleaning a coin, it's a sad result to learn that the value of a coin is reduced.  Experienced collectors have little interest in coins that have been cleaned.  Cleaned coins are dull, damaged, stained, spotted, pitted, corroded, scratched. streaked, lackluster, discolored, and altered.  It is true that a cleaned coin can develop a new tone after many years but this tone is unlike naturally toned coins and again, an experienced collector can identify a retoned coin at a glance.
The reduction in value can be complete, reducing a coin to its metal value or face value.  For some better dates the reduction in value may not be complete but can still be considerable, with specimens fetching less than half of the market value of an uncleaned coin.  It's a crying shame to learn the coin you thought was worth $500 was reduced to $50 because you cleaned it with toothpaste 20 years before when you were just getting started in the hobby.

Grading companies such as PCGS and NGC won't extend their certification guarantee to cleaned coins.  Sometimes they will return them ungraded and unslabbed.  Sometimes your coin will get a Details rating which is akin to writing "Junk" on it with a crayon, and they still keep your 50 bucks.

If grime is a concern there are ways to deal with the grime without ruining your coins.  Latex gloves can be purchased locally for a few bucks.  These will protect your hands.  You can put down a towel on your work surface to keep it clean.  When you are done examining your coins, throw away the gloves and towel, wash your hands.  Let that grime go down the drain rather than the value of your collection.



Lincoln Cent Statistics

I've been a bit under the weather this week and have not been active on the social networks or buying/selling much.  Mostly I've been napping, taking it easy, and looking at Lincoln Cent production figures.  I still can't find 2014-S Proof Cent production figures.  I'm not sure if there is some issue with reporting or if it's a gubmint secret but it's not yet available on the US Mint website.

No matter.  I've got just about everything else listed in the Coin Inventory Checklist and there's more than enough data to sift through than I know what to do with.  Here's a snapshot of some interesting statistics:



Total Lincoln Cents Produced:  502,004,675,361
Caveat: Figures not yet available for San Francisco proof issues 2014-date, 2017 Enhanced Uncirculated Lincoln Cents, or a complete total for 2018 as production is in progress.

Proof issues for the 4 years previous to 2014 average 1.45 Million, so a reasonable estimate of the total Lincoln Cents produced would be around 502,013,375,361. 

If production for 2018 is around the ballpark of 2017, by the years end a total of 509 Billion Lincoln Cents will have been produced.

That's a lotta pennies!


Total Number of Wheat Cents: 25,223,293,665

That includes P, D, No D, S, Proof, Matte Proof, Satin Proof, Brilliant Proof, Steel...all of em.  As a percentage of the total, the Wheats account for just over 5% of all the Lincoln Cents ever made, and that figure gets smaller as more Lincolns are produced.  85% of these Wheats were produced after 1933.

Total Number of Memorial Cents: 416,575,026,963
Truth be told, I'll settle for half that in cash.  This is shy of 83% of the total Lincoln Cents produced.  With such a high production figure, it is interesting to note the last box upon which I conducted a census contained 36% Shield Cents.  


Total Number of Modern Lincoln Cents: 60,206,354,733

This includes 2,372,659,372 Bicentennials in all 4 reverse designs, including business strikes, proof, and satin issues.  It does not include the estimated 7 million 2014-Date Proof issues (for now).

Total Number of Proof Lincoln Cents: 
168,622,025

This is the total of the Matte Proofs, Satin and Brilliant 1936, and all subsequent issues through 2013, BUT does not include the estimated 7 million 2014-Date issues because I've not yet nailed those figures down.  A complete collection of Proof Lincolns, including Large and Small Dates and Type 1&2 mintmarks for 1979 and 1981 would contain 85 coins.  Die varieties such as the 1990 No S (less than 200 known specimens), 1971-S DDO, and others would increase the count and impressiveness of a Proof Collection.  The surviving population of some of the early Matte Proofs limits the potential number of complete collections to a few hundred.

1st Year of issue: 1909
1st Year of Memorial Reverse: 1959

1st Year of Shield Reverse: 2010
Number of years with no production at Philadelphia: 1, 1922
Number of years with a P mintmark: 1,  2017
Number of years with a D mintmark: 103
Number of years with an S mintmark: 94
No S-Mint Lincolns from 1932-1934, 1955-1967, after 1974 San Francisco made only Proof Issues. 
No D-Mint Lincolns in 1909, 1910, 1921, 1923, 1965-1967.
1965-1967 Lincolns bear no mint marks even though they were produced at all three mints.
First year of production over 1 Billion: 1941, over 1.1 billion produced at all mints.
First year of production over 1 Billion at a single mint: 1944,
 1,435,400,000 at Philadelphia

Most production in a single year: 1982, 16,729,361,847 at all 3 mints.
Least production in a single year: 1922, 7,160,000, all Denver

Total weight of copper used to produce Wheat Cents, 1909-1958, including proof issues:
161,076,859 pounds, = 80,538 tons

I really should make a point to get out of the house more.






Tuesday, March 6, 2018

Make Your Own Coin Holder


When I was a young'un I didn't have an income to buy coins and supplies.  I raked some leaves in the fall, shovelled snow in the winter, picked berries in the summer, but the idea of a paying job was years away.  Being a motivated collector I wanted to organize and store the coins in my collection.  This called for holders, but I didn't have money to buy them.  So...I made my own.

They were not commercial grade, but they did the job.







You'll need:

  • A sheet of paper
  • A pen or pencil
  • A pair of scissors
  • Scotch tape
  • Ruler

The measurements are simple enough, measure a rectangle 4 inches wide, 5 inches tall.
At the top, mark 1 inch squares.
At the bottom, mark rectangles 1 inch wide, 2 inches tall.
Draw the lines, cut it out, fold and tape.

The Measurements

Fold the bottom flap up.
Fold the side flaps over.
Fold the top flap down.

You can make life easy on yourself, draw the above template on a piece of cardboard, cardstock or other stiff material, cut it out.  Now all you have to do is trace the outline as many times as you like.
You can get 4 coin holders from a single sheet of paper. 
Cardboard Template

It need not be perfect, Good Enough will get the job done.
I offer a video demonstration of making the holder and the template:


Next, you'll want a box to hold the holders.  You can make a coin storage box just as easily.


Have fun and Good Luck.

Friday, March 2, 2018

Roosevelt Dimes Ranked By Mintage

As we saw with Lincoln Cents and Jefferson Nickels, the early proof issues and recent Satins top the list.  The modern Silver Proof issues are high on the list.  Being the series began post WWII the fluctuations in mintage are subdued compared to earlier series.  The 1955, with a mintage of just over 12 million, is the least common business strike.  Key dates for business strikes don't exist, although the 1996-W is a favorable date at #49, but was not intended for circulation.

Rank Mintage
Date Description

50
1964
Special Mint Set
1 51386
1950 Proof
2 57500
1951 Proof
3 81980
1952 Proof
4 128800
1953 Proof
5 233300
1954 Proof
6 378200
1955 Proof
7 395443
2012 S Silver Proof
8 574175
2011 S Silver Proof
9 583897
2010 P Satin
10 583897
2010 D Satin
11 585401
2010 S Silver Proof
12 669384
1956 Proof
13 679985
1995 S Silver Proof
14 697365
2009 S Silver Proof
15 741678
1997 S Silver Proof
16 745464
2008 P Satin
17 745464
2008 D Satin
18 761353
1993 S Silver Proof
19 763887
2008 S Silver Proof
20 775021
1996 S Silver Proof
21 784614
2009 P Satin
22 784614
2009 D Satin
23 785329
1994 S Silver Proof
24 804565
1999 S Silver Proof
25 821031
2013 S Proof
26 841972
2012 S Proof
27 847361
2006 P Satin
28 847361
2006 D Satin
29 875050
2007 S Silver Proof
30 875652
1958 Proof
31 878792
1998 S Silver Proof
32 889697
2001 S Silver Proof
33 892229
2002 S Silver Proof
34 895628
2007 P Satin
35 895628
2007 D Satin
36 965421
2000 S Silver Proof
37 1054008
2006 S Silver Proof
38 1069679
2005 S Silver Proof
39 1098835
2011 S Proof
40 1103815
2010 S Proof
41 1125755
2003 S Silver Proof
42 1149291
1959 Proof
43 1160000
2005 P Satin
44 1160000
2005 D Satin
45 1175934
2004 S Silver Proof
46 1247952
1957 Proof
47 1317579
1992 S Silver Proof
48 1405674
2008 S Proof
49 1457000
1996 W
50 1482502
2009 S Proof
51 1691602
1960 Proof
52 1702116
2007 S Proof
53 1750244
1996 S Proof
54 1789488
2004 S Proof
55 1860000
1967 Special Mint Set
56 2000428
2006 S Proof
57 2055000
1997 S Proof
58 2086507
1998 S Proof
59 2117496
1995 S Proof
60 2172684
2003 S Proof
61 2260000
1966 Special Mint Set
62 2275000
2005 S Proof
63 2294043
2001 S Proof
64 2319766
2002 S Proof
65 2360000
1965 Special Mint Set
66 2484594
1994 S Proof
67 2543401
1999 S Proof
68 2612568
1974 S Proof
69 2632810
1970 S Proof
70 2633439
1993 S Proof
71 2760339
1973 S Proof
72 2845450
1975 S Proof
73 2858981
1992 S Proof
74 2867787
1991 S Proof
75 2934631
1969 S Proof
76 3010497
1986 S Proof
77 3028244
1961 Proof
78 3041506
1968 S Proof
79 3065110
1984 S Proof
80 3075645
1963 Proof
81 3082572
2000 S Proof
82 3127781
1978 S Proof
83 3218019
1962 Proof
84 3220194
1989 S Proof
85 3220733
1971 S Proof
86 3251152
1977 S Proof
87 3260996
1972 S Proof
88 3262948
1988 S Proof
89 3279126
1983 S Proof
90 3299559
1990 S Proof
91 3362821
1985 S Proof
92 3554806
1980 S Proof
93 3677175
1979 S T1 Proof
93 Included Above
1979 S T2 Proof
95 3857479
1982 S Proof
96 3950762
1964 Proof
97 4063083
1981 S T1 Proof
97 Included Above
1981 S T2 Proof
99 4149730
1976 S Proof
100 4227728
1987 S Proof
101 12828381
1955
102 13510000
1949 S
103 13959000
1955 D
104 18510000
1955 S
105 20440000
1950 S
106 22860000
1954 S
107 26034000
1949 D
108 27900000
1946 S
109 30940000
1949
110 31630000
1951 S
111 32785652
1958
112 34840000
1947 S
113 35520000
1948 S
114 39180000
1953 S
115 44419500
1952 S
116 46803000
1950 D
117 46835000
1947 D
118 49500000
2009 D
119 50181500
1950
120 52841000
1948 D
121 53618920
1953
122 56529000
1951 D
123 61043500
1946 D
124 72081602
1960
125 74950000
1948
126 75668019
1962
127 86929291
1959
128 96500000
2009 P
129 96758244
1961
130 99122073
1952
131 102937602
1951
132 106397000
1954 D
133 108015100
1956 D
134 109309384
1956
135 113354330
1957 D
136 114243503
1954
137 121520000
1947
138 122100000
1952 D
139 126725645
1963
140 136433000
1953 D
141 136564600
1958 D
142 145790000
1969
143 161407952
1957
144 162690000
1971
145 164919790
1959 D
146 200190400
1960 D
147 209146550
1961 D
148 225250000
1946
149 282847540
1978 D
150 313705300
1975 D
151 315440000
1979
152 315670000
1973
153 330290000
1972 D
154 334948380
1962 D
155 345570000
1970
156 376607228
1977 D
157 377914240
1971 D
158 390921184
1979 D
159 391000000
2008 P
160 421476530
1963 D
161 424470000
1968
162 431540000
1972
163 455032426
1973 D
164 470248000
1974
165 473326970
1986 D
166 480748280
1968 D
167 519475000
1982 P
168 542713584
1982 D
169 557000000
2010 P
170 562000000
2010 D
171 563323870
1969 D
172 568760000
1976
173 571083000
1974 D
174 585673900
1975
175 587979970
1985 D
176 593500000
1992 P
177 601241114
1991 D
178 616273932
1992 D
179 624500000
2008 D
180 647025000
1983 P
181 653203402
1987 D
182 663980000
1978
183 676650000
1981 P
184 682649693
1986 P
185 695222774
1976 D
186 704803976
1984 D
187 705200962
1985 P
188 712284143
1981 D
189 719354321
1980 D
190 730129224
1983 D
191 735170000
1980 P
192 748000000
2011 P
193 750110166
1993 D
194 754000000
2011 D
195 754942100
1970 D
196 762709481
1987 P
197 766180000
1993 P
198 796930000
1977
199 808000000
2012 P
200 839995824
1990 D
201 856669000
1984 P
202 868000000
2012 D
203 896535597
1989 D
204 927220000
1991 P
205 933310762
1964
206 962385489
1988 D
207 979810000
1997 D
208 986500000
2003 D
209 991640000
1997 P
210 1025500000
2013 D
211 1030550000
1988 P
212 1042000000
2007 D
213 1047500000
2007 P
214 1085500000
2003 P
215 1086500000
2013 P
216 1125500000
1995 P
217 1159500000
2004 D
218 1163000000
1998 P
219 1172300000
1998 D
220 1187500000
2002 P
221 1189000000
1994 P
222 1274890000
1995 D
223 1298400000
1989 P
224 1303268110
1994 D
225 1304340000
1990 P
226 1328000000
2004 P
227 1357517180
1964 D
228 1369590000
2001 P
229 1379500000
2002 D
230 1381000000
2006 P
231 1382734540
1966
232 1397750000
1999 D
233 1400300000
1996 D
234 1412000000
2005 P
235 1412800000
2001 D
236 1421163000
1996 P
237 1423500000
2005 D
238 1447000000
2006 D
239 1652140570
1965
240 1818700000
2000 D
241 1842500000
2000 P
242 2164000000
1999 P
243 2244007320
1967