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All Posts Tagged With: "Population Reports"

PCGS Currency Releases Population Report for Serial Number Blocks

The newest resource for paper money collectors is now available online. PCGS Currency has expanded the PCGS Currency Population Report, a report by grade of more than 250,000 notes authenticated and certified by PCGS Currency, to include population by serial number block. Updated daily and available by subscription to members of the PCGS Currency Collectors Club and all PCGS Currency Authorized Dealers, the new “Pop by Block” feature gives collectors and Small Size U.S. currency specialists the opportunity to view PCGS Currency grade populations by serial number block.

“Small Size U.S. currency collectors and specialists now have the availability to research population data and view the relative scarcity of individual blocks by grade,” says PCGS Currency Vice President Laura A. Kessler. “Our new “Pop by Block” population report expands the many resources available to our members. With it’s ease of navigation and 24 hour availability at your fingertips, collectors can quickly find and research pertinent information for over 150,000 small size notes by block. Our initial small size series release includes Legal Tenders, Silver Certificates, Federal Reserve Bank Notes, Federal Reserve Notes, WWII Emergency Notes, and Gold Certificates.”

While the initial release of population data for serial number blocks includes just Small Size notes, the data for Large Size notes by serial number block will soon be released as well. Population data for Canadian notes by serial number block will follow, as well.

“A great deal of work has gone into this project,” stated Jason W. Bradford, President of PCGS Currency. “Our experts have gone over the data line by line to ensure the accuracy of this report. The PCGS Currency Population Report expansion to include serial number blocks will provide collectors of all U.S. notes to gather more information and accurately gauge the relative scarcity of specific blocks by grade.”

PCGS Currency Collectors Club memberships are available online by clicking on our Collectors Club page, or you can join by calling (309) 222-8200. All PCGS Currency Collector Club members can submit notes directly to PCGS Currency, access the online Population Report, and receive a free sample note and a copy of the PCGS currency Grading Standards guide.

Coin Profile: The Mystery of the Proof 1875 Gold Dollar

By Doug Winter – RareGoldCoins.com

As I have mentioned before, certified population figures can be helpful but they can also be confusing. Take, for instance, the 1875 gold dollar in Proof. This is a coin with a reported original mintage of 20. But it has a combined PCGS/NGC population of 24 (twelve at each service). Something is obviously not right here. But, for once, the fault does not lie with the population reports.

Despite being created with the best of intentions, the PCGS and NGC population figures are full of inaccurate information which can be misleading to collectors. This isn’t necessarily the fault of the grading services. It is the fault of dealers (and collectors) who resubmit coins and do not send in their extra inserts. I’ve rambled on (and on) about this in the past and do not plan to offer my two cents this time on how I think that dealers who do this are doing themselves and the coin market a major disservice.

In the case of the Proof 1875 gold dollar the disconnect between the number struck and the number graded has to do with information from the Mint which is not necessarily accurate.

We know for a fact that 20 Proof gold dollars were struck on February 13 as parts of complete gold proof sets. For a number of reasons (some of which will be discussed below), the demand for Proof 1875 gold dollars was higher than expected and it is likely that another 20 or perhaps even a few more were made later in the year and sold to collectors. These appear to have been struck from the exact same dies and cannot be distinguished.

Looking at auction records for Proof 1875 gold dollars over the last few decades, it looks like the actual number known to exist might be as high as 20-25 pieces. Given the fact that survival rates for small denomination Proof gold coins of this era is typically around 50%, this is in line with an original mintage figure of around 40-50 coins. (more…)