Our Coin of the Week is a Spanish milled dollar (also known as a piece of eight, or eight royal coins, or other names), valued at 8 reales (“royals”).
The Spanish silver dollar was used around the world, including colonial America, and was the coin upon which the US dollar was based. It remained legal tender until the Coin Act of 1857.
The Pillar Dollar variety, featuring pillars on the obverse, was made from 1732 – 1772. For this particular coin, the “Mo” on the obverse is a mint mark indicating Mexico City, while the “FM” on the reverse are assayer’s initials.
This example from 1771 is graded XF45 by NGC.
Our Coin of the Week is this Silver Tetradrachm from the Greek Isle of Thasos struck over 2100 years ago, sometime between the 2nd and 1st century B.C.
The obverse features the face of Dionysus, while the reverse features a naked Heracles holding a club and lion’s skin.
This specimen has been graded Choice Extra Fine by NGC Ancients with a 5/5 strike and 3/5 surface.
Our Coins of the Week fall on more of the “scarce” side.
Our first coin is a 1798 Draped Bust Silver Dollar. 1798 is the year that the reverse design changed from the Small Eagle variety to the Large Eagle (or Heraldic Eagle) variety. This particular coin is of the Large Eagle variety and graded VF Details by NGC. While this year is one of the more common dates for a Draped Bust Dollar, the 1798 mintage is still just 287,536.
Our second coin is a 1893-S Morgan Dollar. At a mintage of about 100,000, the 1893-S is one of the key dates for any Morgan Dollar collector. This coin was graded Fine Details by NGC.
Coin of the Week – Palladium Eagle
On September 25th, 2017 the US Mint released the first ever US Palladium coin. It is called a Palladium Eagle, and has the Mercury dime head design, and an Adolph Weinman eagle design on the reverse. The coin has a denomination of $25. It has a strong high relief design to it.
Originally it could only be bought from distributors contracted with the US Mint, and sold for about $1100. At the time of this writing, they are now trading anywhere from $1500 up to several thousand dollars depending on the label and holder type. The Mint only produced 15,000 pieces. Next year the US Mint will produce a proof version of the coin that they intend to sell direct to the collector.
Overall this coin is a winner on eye appeal. It’s hard to say what the collector value will be long term. But if you buy what you like, and it fits in your budget, you’ll want to own one of these!
For this week’s Coin of the Week segment we’ll take a look at a couple of modern coins (or are they from a long, long time ago?).
Yes, that means Star Wars.
The 2017 coin features Darth Vader on the reverse, while the 2018 coin features a Stormtrooper (the recent release of the Stormtrooper coin coincides quite well with the upcoming Episode VIII: The Last Jedi, which is perhaps another reason we’re excited about these coins). Apart from the date, the obverses are the same — “ELIZABETH II NIUE TWO DOLLARS” circling an image of the Queen (Elizabeth II, not Amidala).
Why Niue? Well, these coins are considered legal tender in the country of Niue (a South Pacific Ocean island Northeast of New Zealand). However, it is highly unlikely they would ever be used for purchases, just as an American Silver Eagle Dollar would almost never be found circulating in the wild. At one troy ounce of .999 silver, the precious medal value is much higher than the legal tender value.
These two coins are the start of a
“Niue” new series by the New Zealand Mint. Besides Star Wars, they mint series of silver and gold coins featuring Disney characters, Doctor Who, endangered species, local wildlife, creatures of Greek mythology, and other topics.
NZM is just one of several mints that produce collectible coins featuring historical, wildlife, pop culture, or other subjects, which is perfect for when someone’s coin interest matching up with one of their other interests. Take a look here at some examples of 2017 dated silver coins and 2018 dated silver coins.
Feel free to contact us if you have any questions about these or other coins.
Our Coins of the Week showcase a couple commemorative coins, from one of the earlier U.S. commemorative coins to a more modern example.
Our first coin of the week is a 1900 Lafayette Silver Dollar. This coin owns a couple of “firsts”, as it was the first U.S. commemorative of a one-dollar denomination and also the first authorized U.S. coin to have a portrait of a U.S. president. Interestingly, the date on the coin is not actually when the coins were minted–they were minted in 1899–but rather the intended date of the erection of the General Lafayette monument in Paris. The statue on the reverse is very similar to that monument, which was a gift from the American people to France to honor General Lafayette. This specimen is graded MS62 by PCGS.
Our other coin of the week is a 2011-W U.S. Army $5 Gold Coin. The obverse features soldiers from different eras, with the Revolutionary War, Civil War, World War I, World War II, and the modern era represented. The reverse features the U.S. Army emblem. This particular coin is graded PF70 Ultra Cameo by PCGS.
In order to make up for lost time, we’re going to “cheat” a little bit and showcase two(!) coins for the Coin of the Week.
Before we look at our first coin, let’s give some background information. Indian Head Cents come in 3 types:
- Type 1 (1859) was only minted in the year 1959, with the reverse featuring the words “ONE CENT” encircled by a wreath tied at the bottom by a ribbon.
- Type 2 (1860-1864) keeps the same obverse, but the reverse has some noticeable differences: the wreath and lettering are fuller, a small shield occupies the top center, and the ribbon now also holds three arrows.
- Type 3 (1864-1909) keeps the same design as Type 2, but the composition switches from Copper-Nickel to Bronze. Both the thickness and weight of the coin are reduced.
This particular Indian Head Cent is minted in the year 1863, meaning it is Type 2. It has been graded MS62 by PCGS.
Liberty Nickels have two types:
- Type 1 (no “CENTS” , 1883) Liberty Nickels had a large “V” on the reverse, but did not contain the word “CENTS” anywhere. This prompted some individuals to hand carve reeding to the edges and gold-plate the coins in an attempt to pass them off as $5 Gold Half Eagles (these nickels are known as “Racketeer” Nickels).
- Type 2 (with “CENTS”, 1883-1913) Liberty Nickels were minted with the word “CENTS” to counter such individuals. “E PLURBUS UNUM” was moved to above the “V” to make room for “CENTS”.
This particular Liberty Nickel was minted in 1907, and is clearly not a $5 Gold Half Eagle. It has been graded MS64 by PCGS.
The coin of the week is a 1936 Gettysburg commemorative half. This coin features a Union and Confederate soldier on the obverse with the words “BLUE AND GRAY REUNION”. The reverse features two shields separated by double bladed fasces . The shields represent the Union and the Confederacy.
This coin is graded MS66 by NGC. It has blazing luster and hints of yellow to light steel blue toning. At time of posting this coin was offered at $1,000.
The US Mint recently released a new ”High Relief” $100 gold coin. This coin is one ounce of .999 gold and is produced at the West Point mint. It celebrates the 225th anniversary of the United States Mint. This coin is the first US coin to depict an African American woman on it. The reverse has a brilliant Eagle in flight. It is struck in proof condition.
The mint has limited production to 100,000 pieces. The mint is currently selling this coin for $1690. Our price is $1600. Only one available.
Our coin of the week is an 1872 Seated Dollar from the Philadelphia mint. It is NGC certified VF 35. This is the second to last year of the Seated Dollar. Asking price $400.