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Welcome to Coin Corner! Inside features facts, market notes, news items about us and our people, questions and answers, and more. Coin Corner is filled with articles relating to the collecting and enjoyment of coins, paper money, tokens, medals, and the traditions of numismatics.
In The Spotlight
Monday, May 5, 2008
eShop Highlights
Listed below are some highlights from our current inventory. To order, simply add items to your shopping mycart and follow the check out instructions or contact Melissa Karstedt or Jack McNamara via email, or simply call your favorite Stack’s representative.

1917-D Type I Quarter MS-65 FH (PCGS)1917-D Type I Quarter MS-65 FH (PCGS)
1917-D Type I Quarter MS-65 FH (PCGS)
(View Details)


$2,400.00


1882-O/S Dollar MS-64 (PCGS)1882-O/S Dollar MS-64 (PCGS)
1882-O/S Dollar MS-64 (PCGS)
(View Details)


$2,700.00


1893 Isabella quarter MS-66 (PCGS)1893 Isabella quarter MS-66 (PCGS)
1893 Isabella quarter MS-66 (PCGS)
(View Details)


$5,750.00


DENMARK. Frederik V, 1746-1766. Royal Danish Academy of Fine Arts Award Medal,ndDENMARK. Frederik V, 1746-1766. Royal Danish Academy of Fine Arts Award Medal,nd
DENMARK. Frederik V, 1746-1766. Royal Danish Academy of Fine Arts Award Medal,nd
(View Details)


$4,500.00


ITALIAN STATES. PAPAL STATES. Bologna. Pius VI, 1774-99.ITALIAN STATES. PAPAL STATES. Bologna. Pius VI, 1774-99.
ITALIAN STATES. PAPAL STATES. Bologna. Pius VI, 1774-99.
(View Details)


$5,750.00


THOURIOI. Lucania. Ca.400-350 B.C.THOURIOI. Lucania. Ca.400-350 B.C.
THOURIOI. Lucania. Ca.400-350 B.C.
(View Details)


$4,500.00


HIMERA. Ca.483-472 B.C.HIMERA. Ca.483-472 B.C.
HIMERA. Ca.483-472 B.C.
(View Details)


$5,000.00


AIGINA. Ca.456-431 B.C.AIGINA. Ca.456-431 B.C.
AIGINA. Ca.456-431 B.C.
(View Details)


$2,750.00


Julia Domna, wife of Septimius Severus.
Julia Domna, wife of Septimius Severus.
(View Details)


$3,000.00


View Our Entire Inventory
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  • In The Spotlight Archives...[Additional Articles]
  • Harvey Stack Remembers
    Harvey G. Stack

    Years Do Fly By
    Thursday, May 8, 2008
    As June 2008 approaches I realize that I will be beginning my 61st year as a full-time professional numismatist, from day one at Stack's.

    Actually I have been engaged in numismatics for a longer period, but after I left college I became involved on a full-time basis. Prior to that, my college days before 1947, I worked on demand. The demand came from Morton Stack (my father) and Joseph B. Stack (my uncle). Each treated his sons in a similar manner. If we were away from elementary school, high school or college, we heard at home, "If there is no school, we need you at the office and store". Ben and Norman, Joseph's sons, and I responded to the call and became the early indentured help of Stack's. Needless to say, the constant handling of coins, sorting, grading, enveloping, buying and selling was the best experience a budding numismatist could have.

    The collectors and dealers I met all were teachers for me. I learned about varieties from the Dr. Willliam H. Sheldon, M.H. Bolender, F.C.C. Boyd, Harold Bareford, Martin Kortjohn, Wayte Raymond, J.F. Bell, the budding genius of John J. Ford, Jr., John J. Pittman, Hans M. F. Schulman, James Risk, and dozens and dozens more who were active in the 1940s and 1950s. Many visited our store, which often had a fraternal or clubhouse atmosphere of good times and conviviality. Other times we met at conventions nationwide.

    Unfortunately the type of coin facility that was developed by Stack's, with a store front location on an important street in a large city, with sit-down counters, with a library for collector reference, with highly educated and trained salespeople to provide information for the public to learn more about coins, has not been further nurtured by other dealers in the field. In recent times, the personal element and the desire to learn about coins and enjoy other "coin people" has been lost in the activity of the marketplace. There are some exceptions, however, in specialized fields-such as colonial coins, medals, and others in which a high degree of knowledge is needed. Otherwise, it is fading away. Many dealers today are merchants first and foremost, with numismatic appreciation being only of secondary importance.

    It seems to me that it is time, actually long overdue, that true numismatics gets more exposure at conventions, shows, seminars, and magazine and newspapers, and encourages more one-on-one expansion as was done in yesteryear.

    In June I am happy to report I will also reach four score (80) years . I sincerely believe that numismatics, collectors and coins, along with the pleasure I have in reviewing the development of the hobby has kept me active and young. I wish all my friends will continue to have good health and enjoyment.

    I look forward to meeting and greeting you whenever you visit us in our offices in New York.

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  • Harvey Stack Remembers Archives...[Additional Articles]
  • Ask Our Experts

    Do you have questions about the value of your coins, currency, medals or tokens? Send your questions to our numismatic staff.

      Thursday, May 8, 2008
    Question:
    Dear Frank:

    While working as a cashier I opened a roll of new quarters. It was a whole roll of new Georgia quarters (so this was in 1999). I found one that is silver on one side and copper on the other. I was just wondering if it was worth any money. It has been in a protective case since i found it.

    Sincerely,

    Rachel P., Salt Lake City, UT
    Answer:
    Dear Rachel P.:

    Hi, and thanks for writing.

    Today’s small change—dimes, quarters, and half dollars—is made of a composition we collectors call “sandwich” metal, a three-layer concoction with nickel outer layers and a copper inner layer. Occasionally a strip for coinage makes it through without all three layers, which is probably the case for your coin. I would continue to hold it and make sure it stays as new as possible. Value now is perhaps $20 or more, but its value should increase over the years. They are rare errors as the quality control at the Mint seldom allows such things into circulation in this day and age. Good find!

    Best Regards,

    Frank
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  • Ask Our Experts Archives...[Additional Articles]
  • This And That

    News, comments, musings, and items from here and that, about this and the other, or whatever.

    Thursday, May 8, 2008

    Presidential candidates show interest in numismatics • In the upcoming election things look well for coin collecting, as candidates are clamoring for more change. (Rita Laws in Coin World)

    *****

    Information center needed • A recent article in the Wall Street Journal discussed coins, showed an 1879 Morgan silver dollar valued at $3,000 (nothing said about mintmark, if any, or grade), and seemed to confuse collector-type coins with bullion coins. It is probably the rule, not the exception, when the popular press writes about numismatics, they turn out articles that are misinformed or incomplete. Needed: a media clearinghouse for numismatic information.

    *****

    Speaking of media… The Ship of Gold program on the Discovery Channel, a fine documentary detailing the discovery of the treasure of the S.S. Central America (and with some familiar numismatic characters shown, including Bob Evans, Dwight Manley, and Dave Bowers, among others), seems to be a perennial favorite. It is shown regularly and seems to be a workhorse in the channel’s stable of popular programs.

    *****

    Discussions of coin grading never go out of style, it seems. Recently, the Heritage sale of the Walter Husak 1794 cents, a very nice production, gave four expert opinions on the grade of each coin, often varying widely. In a discussion of this in Penny-Wise, editor Dr. Harry Salyards cited the example of a 1796 cent, Sheldon-81, with these evaluations: PCGS MS-63, Del Bland MS-60, William Noyes AU-50, and cataloguer Mark Borckardt AU-55. Large cent specialists are aware of wide differences and study the coin itself, rather than the grade applied, and bid or buy accordingly. But pity the person who does not seek information, and misses a good opportunity if he/she will only pay an AU-50 price, or pity the person who bids an MS-63 price, if other experts believe the coin is AU. The answer: Learn about grading on your own, and consider carefully all coins you contemplate purchasing. This is may not be necessary if you are buying modern Proof sets, commemoratives, and the like from the U.S. Mint, but if early American coppers, colonials, Capped Bust half dollars, and other classics are your forte, then learning about grading is a must. Along the way is a challenge, which most of us agree is one of the most delightful aspects of numismatics!

    *****

    We didn’t know that more Buick automobiles are sold in China than in the United States. (Business Week)

    *****

    A Guide Book about the Guide Bookis being planned by Whitman Publishing Company, we hear tell (and word of it has reached the eSylum website and elsewhere). It will tell the fascinating history of A Guide Book of United States Coins from the first issue in 1946 (cover date 1947) down to modern times. Lots of interesting anecdotes will be included, we understand. “Books about books” are a rather scarce category in numismatics, although Emmanuel J. Attinelli, John W. Adams, Charles Davis and a few others have contributed to this genre.

    *****

    Is Will Shortz a numismatist? • The distinguished editor of the New York Times crossword puzzles often drops in numismatic clues. Wonder if he collects them? We do know that Donna Loring, wife of long-time numismatist Denis Loring, is a “cruciverbalist,” or crossword puzzle constructor. In one of her puzzles, CHAINAMERI was an answer. (If you are not a large cent specialist, this refers to the 1793 Chain AMERI. variety, the first coin in the series.)

    *****

    Looking ahead • It’s not too early to plan to come to Orlando next January to attend Stack’s grand auction (consignments now being accepted) and to stay to attend, beginning January 10th, the annual Florida United Numismatists Convention. Speaking of Orlando, we read the other day that the admissions are up in the Disney theme parks, nice news to read (for a change) on the financial page.

    *****

    Error spelling on a modern U.S. coin • Did you know that the reverse of the 2005 Jefferson nickel has the inscription spelled in error as: OCEAN IN VIEW? It does, and offhand that would seem okay. However, the inscription is quoted from the journals of Lewis and Clark, and in the original it was spelled as OCIAN. Or, it was misspelled OCIAN. The Mint realized this and decided to change history, as it was felt that spelling it as OCIAN would bring criticism from all but knowledgeable historians.

    *****

    Sources • Your editor (QDB) reads Science and Nature magazines each week, or at least skims them (this applying to some of the abstruse essays). Probably more than any other two periodicals, these interesting publications serve as basic sources for a lot of information widely published elsewhere. In another category, the British-based magazine, The Economist continues to be one of our must-read weeklies. It is bulging with advertising and seems to be very healthy, while Newsweek and Time both seem to be anemic in advertising content. Perhaps it is because so much space is devoted to lives of presidential candidates and “news’ that most of us have already picked up in newspapers or TV. In contrast, The Economist does short takes on such people and prefers to spend its time on insightful commentaries on matters worldwide.

    *****

    Wow! This is a good word to describe the Husky Collection, so named by the consignor, filled with dazzling “type” coins, now being worked on by Stack’s staff experts. Stay tuned!

    *****

    A Wooton patent desk is perhaps one of the most “Victorian” of all pieces of furniture. A contraption par excellence, it opens up two side cabinets, which swing to the left and right to reveal the writing surface. Dozens of compartment and pigeonholes are everywhere. The Smithsonian Institution had an exhibit on them, as did the Oakland Museum and the Indiana State Museum and published a booklet. A 1983 book, Wooton Patent Desk, tells all. Queen Victoria used one as did President Rutherford B. Hayes. In numismatics, Eric P. Newman and his wife Evelyn each have one, Dave Bowers does too, and in a recent visit to see a private collection in the South, lo and behold!--There was a Wooton desk right next to a Regina music box.

    *****
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  • This And That Archives...[Additional Articles]
  • From Our Scrapbook
    Monday, May 5, 2008
    Notes on the 1916 Standing Liberty Quarter
    Here at Stack’s the 1916 Standing Liberty quarter has been a favorite for many years. How many we have offered at auction since our founding in 1935, and how many at private sale, we have no way of knowing. Many hundreds for sure—and possibly over a thousand. Many of these have been old friends—bought from us, then sold or consigned when a numismatist’s interests change.

    An interesting discussion of this elusive coin is found in Dave Bowers’ popular More Adventures with Rare Coins book and is adapted here.



    Minted to the extent of only 52,000 pieces, the 1916 quarter dollar represents the first year of the new design by Hermon A. MacNeil, one of several sculptors who designed coins during the decade. The design with Miss Liberty having one breast exposed was modified in 1917, when she was encased in a jacket of armor.
    Illustrious New Designs of 1916

    The year 1916 brought with it a sweeping reform in American silver coinage. The Liberty Head designs of Charles E. Barber, used since 1892, were replaced by motifs designed by sculptors in the private sector. Hermon A. MacNeil was tapped to design the Standing Liberty quarter, while Adolph A. Weinman created the “Mercury” dime and the Liberty Walking half dollar. For the first time in American coinage, the dime, quarter, and half dollar were issued in designs that were not related to each other in common design forms. In contrast, earlier issues of these denominations shared motifs of Barber’s Liberty Head, the preceding Liberty Seated, and earlier Capped Bust and Draped Bust motifs, and other designs.

    Making its debut in 1916, the Standing Liberty series was produced continually from that point through 1930, with the exception of 1922. No quarter dollars were made in 1931, and when mintage was resumed in 1932, the Washington motif, first intended as a commemorative, became the standard. Thus, the Standing Liberty quarter faded from the American scene.

    Today, most varieties of Standing Liberty quarters are highly collectible, the two notable rarities—and these are not “impossible”—being the 1916, the topic of the present article, and the 1918/7-S overdate. I have always enjoyed the series, and when in the course of business a nice collection of these quarters comes our way, I pause to reflect upon each coin and appreciate the design all over again. As noted, the firm of Stack’s, dating back decades, has had even more.

    The story of Hermon A. MacNeil’s creation of this design is capably told by J.H. Cline in his appropriately titled book, Standing Liberty Quarters. Young Dora Doscher was the model for the coin. On the screen as Miss Doris Doree, the multi-talented Miss Doscher was also seen on the Broadway stage, and posed in the studios of several artists and sculptors. She was a friend of sculptor MacNeil. J.H. Cline commented, “Many interesting chapters could be written about Miss Dora Doscher in association with the MacNeil family.” Married, she was later known as Doris Doscher Baum.

    A long time later in 1972 another contender stepped forward, Mrs. Irene MacDowell, who claimed that it was she who did the modeling. However, by this time the artist, Hermon MacNeil, had long since died, and few numismatists put any stock in the MacDowell claim.

    A Design Switcheroo

    The Standing Liberty quarter series commences with the 1916, with a low mintage of 52,000 pieces. One would normally expect that many would have been saved as a novelty as the first year of issue, and pieces would be rather plentiful. Exactly what happened is not clear, but probably as the 1916 quarter was produced very late in the year, and as the 1917-dated examples of the same type were made in large numbers, most of the public demand was probably absorbed by the more numerous 1917 pieces. The 1916 was elusive from the outset.

    In 1917 the mintage of the Standing Liberty quarter was expanded to include production at all three active mints—Philadelphia, Denver, and San Francisco. Part way through the year the design was changed.

    On the first version of the design as used in 1916 and early 1917, Miss Liberty was shown with an exposed right breast. The revised motif included, among other things, Miss Liberty encased in a suit of mail—certainly a classic case of overcompensation. The reverse was modified as well, and now the eagle was depicted with three stars below it.

    For a long time it was stated that the change in Miss Liberty’s dress was in response to public outrage against nudity. This makes a nice story, and it is one that was widely believed—including by the present writer—until some investigation was conducted. Checking into the matter, neither I nor anyone else has been able to come across any contemporary (1917) commentary, complaint, or anything else suggesting that the public objected to the nude aspect of Miss Liberty.

    Instead, the design seems to have been changed by MacNeil for other reasons, possibly to indicate preparedness for the World War (which had been raging in Europe since 1914). One might say that the first design showed America personified as an Amazon, guarding the portal of Liberty, and that the second design showed her in an armed, defensive posture.

    The modified design made its appearance part way through 1917. Almost immediately, problems arose with the sharpness of striking. While nearly all 1917 quarters of the early or Type I design have sharp details on the head of Miss Liberty, the Type II or modified issues do not. From then through the end of the series there were continuing difficulties with having the pieces strike up fully.

    In 1925 a slight modification was made to the date position, but still the problem of striking sharpness continued. Today, numismatists assess the sharpness of the head of Miss Liberty, calling particularly sharp pieces “Full Head” or some high fraction such as “90% Full Head.” Or, at least this is what should happen, but often does not. Certified “Full Head” quarters of the 1920s usually have part of the head flat and range from perhaps 70% full to 90% full. In addition, the two lower left rivets on the shield are often weak or missing, and the raised emblem at the center of the shield is often poorly defined. Numismatics need a re-evaluation. Is there such a thing as a 1926-D quarter with Full Details (sharp everything?). Maybe so, but possibly no. On the other hand, certified “Full Head” 1926-D can be bought easily.

    Numismatics and the 1916 Quarter

    Only 52,000 1916 Standing Liberty quarters were struck, this figure being far and away the lowest production quantity for any regular coin in that design series.

    The low mintage was not widely publicized in 1916-1917, and the public was not alerted to the scarcity