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DWLange

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Posts posted by DWLange

  1. At the beginning dealers sent in only their best coins---the ones they'd been sitting on in anticipation of this new service and which were well worth the fees. Those alone represented a fairly large number of coins. When slabs proved to be widely successful the bar was lowered somewhat to include common date Morgans, commemoratives, etc---the meat and potatoes of the market. That's what caused the long delays in the early years. When the grading services finally caught up they found a new market was needed, and that's when collector accounts were created. Bulk grading at a sliding scale also brought in a lot of coins that weren't worth paying the tier fees.

  2. By 1987-88 slabbing had really caught on, and regular submissions (not Express or Walkthrough or whatever they were being called back then) could take several months to be returned. I submitted coins for grading only rarely, but that was my experience. Zadok is correct that one had to go through an authorized dealer. Direct submissions by collector members weren't possible until the mid-late 1990s.

  3. During the period of the first U. S. Mint (1792-1833) the coinage figures were reported in a manner that is confusing to researchers today. In addition the Mint had a practice of utilizing dies until they failed, regardless of the date they bore. Incoming Mint Director Robert M. Patterson prohibited the use of obsolete dies around 1835, though the Mint's figures are still subject to interpretation, as it operated on a fiscal year rather than the calendar one. As Roger noted, the dates these coins bore was irrelevant to the Mint's accounting, making it difficult to be certain of how many coins were produced for specific dates.

  4. NGC's Census Report ceased to be printed after 2011. I know, because preparing it for print used to be among my responsibilities, and it was a real bear of a job that took me half a day. NGC maintained an archive of older issues, but I don't know that it went back that far. The last time I saw the collection was several years ago, and everything has been moved around since then. I don't know whether any early issues survive, but some may turn up on eBay from time to time. It's not the sort of thing that anyone consciously preserved.

  5. 1964-D Peace Dollars were coined in May of 1965, but none were released. They went to the melting pot before year's end. I believe a few were preserved until 1970 or so within the Mint's Technology Office, but these ultimately joined their brethren. The complete story is in Roger's Red Book on that series.

    There's no evidence that any 1964-dated Morgans were coined, but some Matrix elements turned up within the Mint a few years ago that revealed how they would have looked.