Are you a numismatic of a particular sort in search of distinguished american proof sets? Click HERE for access to a catalog of high quality proof sets for every year dating back to 1952! We have these and thousand of coins to browse and choose from. Click here
of BU Franklins I acquired, 100 rolls of 1963-D''s, a total of 2,000 coins, resulted in financial disaster for me and my partner. Oh, the bag quantity was original all right. All the rolls were in their original bank-wrappings, and had obviously never been unwrapped. The coins in these rolls were beautiful, bright blazers. We submitted the 125+ nicest coins to PCGS and NGC for grading, figuring if we got 40 or 50 MS 65''s we''d make a profit. The result? 5 MS 65''s!! The 1983s rest graded either MS 64 or MS 63. Why? The majority had a couple too many bag marks (a common problem with BU Franklins), premier proof set or had a bit too much pitting on the high-points of the devices (another common problem with bu franklins), or were too softly struck to grade ms 65 (another common problem with bu franklins, or finally, had some very light hairline scratches, the result of having passed through a coin counter! by comparison, a single roll of late date walking liberty half dollars would likely have more gems among the 20 coins than the 1963-d franklins did among the 2,000. despite having populations a fraction of the walking liberty halves in gem condition, gem franklins are currently priced well below the levels walkers are currently selling at. additionally, if one wishes to compare the populations of untoned, brilliant ms 65 walkers to untoned, brilliant ms 65 franklins, the population differences are even more striking in favor of the franklins!
this market was virtually ignored 30 years ago. what brought it to prominence? quite simply, information was made available that resonated with the collecting public. at that time, high grade morgan dollars were not even considered worth collecting by many numismatists, because they were thought to be so plentiful. in other words, though they ranked high in categories 1. beauty, 2.quality, and 4. price, set and 1983s in collectors'' minds they ranked extremely low in category 3. - rarity. therefore, their desirability as a collectible was thought to be limited. however, several landmark books were published on morgan dollars in the 1970''s and early 1980''s which educated the collecting public on many aspects of the morgan dollar series they were not aware of. probably the most significant of these proof books, wayne miller''s "the morgan and peace dollar textbook", was the first book that provided an in-depth date-by-date analysis of this series along with photographs. significantly, miller was one of the first authors to estimate a date''s rarity not only in uncirculated condition, but also in gem ms 65 uncirculated condition, and gem ms 65 prooflike condition. this new information was a tremendous boon to the
toned in iridescent shades of purple, plum, burgundy, green, orange, gold.....virtually every color of the rainbow, can sometimes be found on a single coin! the design of the franklin half, with the broad expanse of franklin''s bust on the obverse, and the liberty bell on the reverse, is an easy set target for bagmarks or abrasion. a pristine franklin half, with a smooth, unblemished cheek of franklin on the obverse, and equally pristine liberty bell on the reverse, is a truly beautiful coin. on the other hand, the simplicity of these surfaces also serves to magnify, or hilight, the smallest bagmark! the cheek of franklin & the liberty bell make easy targets. the quality of the typical uncirculated franklin roll is quite low, with all 20 coins usually grading between ms 60 and ms 63. by comparison, if one had the good fortune to acquire an original roll of uncirculated 1983s walking liberty half dollars (the series immediately proof preceding the franklins, minted set from 1916-1947) the general quality of the coins would likely be quite high, with most coins grading ms 64 - ms 65. what about any hordes of gem bu franklins that have yet to surface? original unsearched bags of bu franklins? the last bag
Are you a numismatic of a particular sort in search of distinguished american proof sets? Click HERE for access to a catalog of high quality proof sets for every year dating back to 1952! We have these and thousand of coins to browse and choose from.
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