Monday, October 20, 2014

Rick's Pedigree Coins – 1937 Omaha Bank Hoard Buffalo Nickel - Coin of the Week

The Omaha Bank Hoard provides the Pedigree collector with a variety of ways to build sets from that hoard.  The way that best interested me to collect Omaha Bank Hoard coins was to focus on the more difficult to find coin varieties.  I have five favorite selections and they are examples of:

Buffalo Nickel
Mercury Dime
Walking Liberty Half Dollar
Morgan Silver Dollar
Peace Silver Dollar

My example from this hoard, and the coin of the week, is the 1937 Buffalo Nickel shown here.  It has been authenticated and graded by NGC as MS65.  Additionally, it has been CAC certified.


Monday, October 13, 2014

Rick’s Pedigree Coins – Vermont Yankee Hoard 1996 - Littleton Coin Company

Vermont Yankee Hoard 1996

Another lost hoard from 1996 is the Vermont Yankee Hoard.  Thanks to Littleton Coin Company, a reprint of their story on the hoard follows:

“Frugal Yankees A.K. and Imogene Miller lived a spartan life in Vermont. She wore raincoats made from plastic bags. He pedaled a 1903 bicycle with patched tires. Yet, after they died, an estimated $3,000,000 fortune was found hidden in the buildings and beneath the floor of the schoolhouse on their property. Littleton purchased first-year Uncirculated 1878-S Morgans, scarce $500 and $1,000 Federal Reserve Notes, and the rare Miss Drury tokens – calling the stash the Vermont Yankee Hoard.”
With the absence of modern day coin grading companies, many of the treasures from this hoard have escaped historical pedigree preservation.  

Sunday, October 12, 2014

Rick's Pedigree Coins – 1879-O Fitzgerald Collection Morgan Silver Dollar - Coin of the Week

My coin of the week is the 1879-O Morgan silver dollar from the Fitzgerald Collection.  While I am the proud owner and high bidder in a recent auction for this coin, I had to pay dearly thanks to some very informed collectors that used the population report in my book “Fitzgerald Silver Dollar Collection – The Purple Gang Set” to identify this jewel and gave me some very healthy competition to acquire it. 

The 1879-O Morgan silver dollar from the Fitzgerald Collection is an extremely difficult coin for the Fitzgerald collector to find.  There were no “hard” graded 1879-O Morgans in this collection.  That means the only possibilities for an 1879-O in the Fitzgerald Collection would have to be either “soft” graded or simply authenticated.  Shown below is a “soft” graded 1879-O Fitzgerald classified as “Brilliant Uncirculated”.  The obverse and reverse of this coin have a solid strike with MS63 qualities.  Minimal bag or clatter marks appear on the obverse and none on the reverse.  This is the first and only 1879-O Fitzgerald that I have seen in any grading classification; “hard” graded, “soft” graded or simply authenticated from the Fitzgerald Hoard.  Good luck at finding this date/mintmark for your collection.

Thursday, October 9, 2014

Rick’s Pedigree Coins – New York Subway Hoard 1996 - Littleton Coin Company

New York Subway Hoard 1996

Another long, lost hoard is the New York Subway Hoard that was brought to market in 1996 – long before the popularity of NGC, ICG, ANACS and PCGS identifying coin hoards on labels.  The history of the hoard is shown below and comes from a Littleton Coin Company press release:

“For years, a certain New York subway token seller sifted through change seeking scarce coins. Many coins were marketed through George Shaw, a rare coin dealer. After Shaw's death, Littleton Coin buyers acquired the many coins, including Type I 1916 Standing Liberty quarters, 1916-D Mercury dimes, 1914-D Lincoln cents, and other key‑date coins.”

Unfortunately, the Pedigree collector lost the heritage of many interesting hoards because the coin collecting hobby had not yet advanced (or recognized) the preservation of the history that is now offered by NGC, ICG, ANACS and PCGS.

Sunday, October 5, 2014

Rick's Pedigree Coins – 1881-CC Fitzgerald Collection Morgan Silver Dollar - Coin of the Week

My Pedigree “Coin of the Week” this week is the 1881-CC Fitzgerald Collection Morgan Silver Dollar.  The 1881-CC has a population of only 29 coins in the Fitzgerald Collection and is a difficult find for the Fitzgerald collector.
Shown below is one of the 29 coins graded by NGC. 

Friday, October 3, 2014

Rick's Pedigree Coins – Population Reports for Pedigree Coins

Population reports (or sometimes referred to as “census reports”) for pedigree coins give the pedigree collector an advantage in buying and selling coins within their favorite pedigree.  The Pedigree that is generally the most active in “pricing the market” based upon populations is the GSA’s Carson City release.  The population report is well distributed and buyers and sellers understand and utilize the population report for evaluating pricing premiums.

Three other pedigree collections that have population reports, but are yet to capitalize on the population statistics are the Binion Collection, the Fitzgerald Collection and the Nevada Silver Collection.  Now there are some astute and educated buyers/sellers that are aware of the relative scarcity of date/mintmarks in the hoards but for the most part the common pedigree collector has not caught on yet. 

Two recent examples from the Binion hoard are the 1879 and 1884-O Morgan silver dollars.  The 1879 Binion has a population of 2 “hard” graded coins from the hoard.  I purchased one graded as MS62 for $67.  The 1884-O Binion has a population of 4,234 “hard graded” coins from the hoard.  One graded as MS63 just sold on Ebay a few days ago for $69.  So, you could choose a Binion coin with a population of 2 for $67 or a Binion coin with a population of over 4,000 for $69?
Education and population reports are great tools for the Pedigree collector in assessing acquisitions.  The latest Fitzgerald Collection population report is included in my book Fitzgerald Silver Dollar Collection – “The Purple Gang Set”.

Wednesday, October 1, 2014

Rick's Pedigree Coins – Rocky Mountain Hoard

The Rocky Mountain Hoard is/was a hoard of Morgan silver dollars owned by a private collector in Colorado.  Coins I have seen from this Hoard have been graded and authenticated by ANACS.  I have never seen any in NGC or PCGS slabs.

The Rocky Mountain Hoard is very similar to the Lincoln Highway hoard although not as plentiful.  From time to time, silver dollars from this hoard appear on Ebay.  So if you would like to add one to your pedigree collection, keep an eye on Ebay listings. 
Shown below is an 1882-S Rocky Mountain Hoard Morgan silver dollar graded by ANACS as MS67 that is currently listed on Ebay.  For easy reference, it is item:  121447659227
Photo couresy of Ebay seller: 2013jasper0911