Posts Tagged ‘s’

United States Rare Coin Price

How many of the coins found in the Vault of the World Trade Center could get the label of a United States Rare Coin ? What would their prices be ? Well we know that the WTC 2001 $50 Gold Coin MS69 is seen selling on E-bay for as much as $12,000 and since the numbers found of this coin is very small I would say this coin will be a rare coin. Also the coins graded by PCGS from the World Trade Center as MS70 must be considered a united states rare coin. The 1994 $50 Gold MS69 also comes to mind for rare US coins from the the World Trade Center. Will the history of these coins make them united states rare coins and make their prices go up well we have already seen that, will they go up more with time I think we can all agree the answer is yes. Right now you can find the 2001 WTC $50 Gold coin on E-bay Click here for E-bay Listings.

Coin Collector

Coin Collector wake up and discover these beautiful coins of history in our time, the WTC coins certified by PCGS as WTC Ground Zero Recovery. These coins are absolutely beautiful in their original American Flag pedigree insert by PCGS. These coins are our history and they are still available at prices where everybody can be a buyer at these price. If you wait many more years the only coins that will be available will be the silver eagles from the world trade center. Gold and Silver coins will be gone.

WTC 2001 Silver Eagle Uncirculated

The 2001 silver eagle BU PCGS certified coin was the most common coin found at the vault under the world trade center. It took months to retrieve the coins from the sub-basement where the vault with these coins where located. Some special WTC 2001 Coin to look for would be coins found to display heat marks making the coin black in spots. These coins are often referred as "end roll coins" because they where the last or first coin in a role and these coins would have absorbed most of the destructive power of the falling buildings and the fire that burned at the world trade center. If anybody as any creditable information on population on this or any other coin talk about in this blog please post a comment or write me an email. Silver eagles

The 9-11 Quarter A Tribute

In response to the terrorist attacks on September 11, patriotic collectors and a grading service joined forces to donate more than $40,000 to victims families.

By Mark Rush   Published in Numismatist

On Tuesday, September 11, 2001 at 9:30 AM on the Professional Coin Grading Service web site’s (www.pcgs.com) U.S. Coin message board, DcamMike1 posted: ^[i]

“Turn on any news!” Moments later pmh1nic posted “It’s looking like a terrorist attack. I heard a report that both planes had been hijacked but no word on from where.”

These first posts about the terrorist attacks were followed by others throughout the day. Swiftly posters’ feelings turned toward sympathy for the victims of the attack. Mitchell Spivack (Mitch), whose PCGS board nickname is “wondercoin,” posted a message with the heading, “Auction: 2001 NY State Quarter PCGS-MS67 Proceeds to Fire Fighters”

“It is a tragic day in the history of New York and our great country. … I have a really high end 2001(p) New York State Quarter grading PCGS-MS67. The coin goes to the high bidder at midnight tonight Eastern Time. The winning bid money will be mailed directly to the New York City Fire Fighters who are risking their lives to save the victims trapped in the debris. … Bidding starts at $1.00.” This post lead to an endeavor that resulted in 100 NY State quarters being graded, numbered, and encapsulated by PCGS with a special insert. More importantly, it also resulted in over $40,000 donated to the UFFA Widows and Childrens Fund. This article tells the story of these “9-11 quarters.”

Mitch’s auction ran for 7 1/2 hours. By midnight Steve Heller, whose nickname is “RegistryCoin,” made the winning bid of $125. Twenty minutes afterward, Steve posted

“Put the coin up again, Mitch. I donate it to the forum for another go.”

This time Mitch put up the coin in an auction that was scheduled to last until Friday.

On Wednesday, September 12, Mitch posted:

“PCGS has just agreed to reholder this coin as the ‘911’ coin … PCGS also suggested they number this coin #1 and that I consider a series of 50 coins dedicated to the New York City Fire Fighters. …In the meantime, the winner of this auction closing Friday will receive this coin specially numbered ‘1’ with reference to ‘911’”

Immediately Mitch received a donation of 14 MS66 NY state quarters from an anonymous coin dealer who wanted the coins to be used as #2 - #15. The 9-11 coin project was off and running. Leading the endeavor were Mitch, Steve, who kept track of the coins’ owners, and cosmicdebris (Bill Hemenway), who kept track of the donations.[i]

Coin #1 received 27 bids in the three days it was up for auction. By Friday evening, Steve once again prevailed in a two-person bid off. For the same coin that he had three days ago donated to be auctioned a second time, Steve’s winning bid this time was $2,001. But on Tuesday, another collector, identified as “The Lake Tahoe

Interestingly, none of these three people have ever met another in person. All the communication has been done via the Internet and telephone.

Collection,” contacted Mitch and offered to buy the #1 coin for $2,250. Because this raised more money for the donation, Steve agreed. So the coin that initially sold for $125 wound up in The Lake Tahoe Collection for $2,250.

Seeing how well the auction for coin #1 was proceeding, Rick Montgomery, the then-President of PCGS, suggested to Mitch that the number of 9-11 quarters be increased from 50 to 100. Within a week, PCGS donated 50 MS65 quarters needed for coins #51 to #100 and helped locate some MS66 quarters.[i] Mitch found others searching through a bag he purchased. A few were purchased.

After coin #1 was sold, next up were coins #9 and #11, which were auctioned as a lot. RegistryCoin opened the bidding at $1,250. Within a few hours the bid was up to $1,400. The bidding crept higher until Bcsican won the coins on Sunday with a bid of $1,700.

Some PCGS board members posted concerns that they would be unable to buy any of these special coins because of the prices the coins commanded. By noon on Saturday, Mitch, conferring with Mr. Montgomery, decided to price coins #78 though #92 at $175 per coin, to be sold to whomever wanted to buy one.[ii] Within 20 minutes, Flying56eagle purchased coin #91. And within 4 hours all 15 coins had been purchased, many for more than the posted $175 price. The immediate sell out established a pattern: Low numbered and special numbered coins were auctioned while higher numbered coins were offered for a fixed price.[iii]

The first encapsulated 9-11 quarters were given to Mitch on Tuesday, September 18. Mitch sent a scan of the coin to cosmicdebris who posted the scan of coin #1 in its special 9-11 PCGS holder. Buyers of the 9-11 coins knew that PCGS would encapsulate the coins using a special PCGS insert. Remarkably, by the time the scan was available and posted, well over half of the 9-11 coins had been sold even though the donors had no idea what the insert would look like. The insert features a U.S. flag background with four lines of text: The first line has on it PCGS and the grade, for example “PCGS MS 66.” The second line identifies the coin as “NY Firefighters 9-11” and the third line states “PCGS Limited Edition”. The fourth line has the coin number, for example “#10/100”.[iv] The concept of the U.S. flag was developed by Miles Standish, the then-Vice-President of PCGS, who suggested using this insert for the 9-11 coins.

Not all the 9-11 coins were purchased by the members who received them. Flying56eagle (Ron Gue) and merz2 (Donald Merz) arranged for donations so that some of the coins could be given to other board members. They received enough donations so that three 9-11 quarters were donated: one to a PCGS board member who was unemployed at the time and two to young numismatists who were active participants on the PCGS board.[v] Also two of the quarters were given to board members who lost a family member in the terror attacks. Gerry, who lost a son, received coin #44 and Clevegreg, who lost a brother, received coin #59.

The PCGS board has hundreds of participants, covering a wide spectrum of beliefs. So, some of the posts and threads about the 9-11 quarters were negative. However, the negative posts were few and were vastly outweighed by the positive posts. Most board members adopted Mitch’s philosophy, eloquently expressed in a post he made on September 25:

The grades on the 100 coins vary. Coin #1 is graded MS67, coins #2 through #50 are MS66, and coins #51 through #100 are MS65.

Based on auction results, at the time the price of a PCGS encapsulated MS67 NY State quarter ranged between $130 to $150.

Coins #74 through #65 were $200; coins #64 through #60 were $250; coins #58 though #51 were $325; coins #49 through #45 were $350; coins #44 through #40 were $375; coins #39 through #35 were $400; coins #34 through #30 were $425; coins #29 through #26 were $450; and, coins #25 through #20 were $475.

A few months after the 9-11 coins were created, PCGS issued a limited series of New York state quarters graded and encapsulated in a holder with the American flag background. These were given to collectors who joined the PCGS Collector’s Club and have nothing to do with the 9-11 coin project. These coins, too, had four lines of text. The major difference is in the second line of text, which identifies the coins as “PCGS Collector’s Club” rather than “NY Firefighters 9-11” as on the 9-11 coins.

Don’s (Merz2) low-key assessment of his and Flying56eagle’s efforts typifies the generosity of spirit that existed throughout this endeavor: “What he and I did was done by many Americans, in their own way, all across our great nation.”

THIS IS NOT ABOUT GETTING A COIN IN SOMEONE'S COLLECTION.-THIS IS ABOUT RAISING AS MUCH MONEY FOR THE WIDOWS AND CHILDREN OF SLAIN FIREFIGHTERS AS WE CAN.

The auctions and sales continued until October 18, when Steve posted a simple message:

Closed. Thank you very much for your positive participation.

On October 22, Mitch posted a message from the UFFA Widows and Childrens Fund:

Subj: Thank-you on behalf of the Fire Fighters

Date: 10/22/2001 11:18:12 AM Pacific Daylight Time

On behalf of the Executive Board and members of the New York State Professional Fire Fighter's Association, Inc. I thank everyone who purchased a coin whose proceeds will go to the Uniformed Fire Fighters Association Widows and Children's Fund.

Sincerely,
Charles J. Morello

President

Collectively the members of the PCGS board contributed $42, 897.07 to the UFFA Widows and Childrens Fund. Steve Heller’s summary of his part in this venture is to the point: “I haven’t ever done anything else so ‘appropriate.’ All the forum members made it possible and all should have an everlasting pride.” Mitchell Spivack says, “Everyone helped out with this great deed and everyone who contributed will remember this forever. But what we gave was a small gesture compared to what the firefighters sacrificed.”

[1] Posters on the board use nicknames, such as DcamMike1. To keep with the spirit of the board, for the most part I identify participants using their nicknames.

[1] Interestingly, none of these three people have ever met another in person. All the communication has been done via the Internet and telephone.

[1] . The grades on the 100 coins vary. Coin #1 is graded MS67, coins #2 through #50 are MS66, and coins #51 through #100 are MS65.

[1] Based on auction results, at the time the price of a PCGS encapsulated MS67 NY State quarter ranged between $130 to $150.

[1] Coins #74 through #65 were $200; coins #64 through #60 were $250; coins #58 though #51 were $325; coins #49 through #45 were $350; coins #44 through #40 were $375; coins #39 through #35 were $400; coins #34 through #30 were $425; coins #29 through #26 were $450; and, coins #25 through #20 were $475.

[1] A few months after the 9-11 coins were created, PCGS issued a limited series of New York state quarters graded and encapsulated in a holder with the American flag background. These were given to collectors who joined the PCGS Collector’s Club and have nothing to do with the 9-11 coin project. These coins, too, had four lines of text. The major difference is in the second line of text, which identifies the coins as “PCGS Collector’s Club” rather than “NY Firefighters 9-11” as on the 9-11 coins.

[1] Don’s (Merz2) low-key assessment of his and Flying56eagle’s efforts typifies the generosity of spirit that existed throughout this endeavor: “What he and I did was done by many Americans, in their own way, all across our great nation.”

WTC 1 of 269 5 Coin Set

So the 1 of 269 was original a set of 5 coins the WTC $1 silver eagle, $5,$10,$25,$50 gold all coins in this set is from 2001.

This one set was up for auction in 2007 and all coins where sold individually.

1 oz gold bar 1 of 426

1 oz gold bar

1 oz gold bar 1 of 426 found

Now this is interesting we now know that the individual that had 426 items at his box at the world trade center at least 3 of the pieces where 1 oz Suisse gold bars. The is a picture of $1 silver dollar also part of the series 1 of 426. The gold bar found under the world trade center is now world famous for having survived the cash of the world trade center buildings. Finding this gold bar under all that cement and concrete is still amazing to me.

Gold bar with serial # 174741

Each gold bar has a serial number from Credit Suisse and this is how these gold bars from the world trade center can be tracked. As no records has been made public by PCGS.

Serial number on this one is 174741 what a gold bar I would love to have one of these again

2001 $50 1 of 269

The final coin in the 1 of 269 series set for the 2001 gold coins found at the world trade center this coin was at auction in May 2007 and sold for $2,070.00

2001 $25 1 of 269 WTC

2001 $25 Gold Eagle found at the vault of the world trade center and graded by PCGS or Collectors Universe. This coin was part of a series that is 1 of 269. Sold at auction for $1,955.00 back in May 2007

2001 $10 1 of 269

Here is the $10 Gold eagle from the series 1 of 269. As all the coins are on this page this series are possible, this coin sold at auction in $1,495.00 in May 2007

2000 $10 Gold Eagle

Here is the $10 Gold Eagle from year 2000, this coin looks to have the reddish surface that is so common for the WTC coins. People tell me its from the intense heat the coins suffered before they where removed from the vault.

2000 WTC RECOVERY AUSTRALIAN GOLD NUGGET 1 10 OZ GOLD PCGS GROUND ZERO RECOVERY    US $319.99

2001 $10 1 4 oz Gold Eagle 1of 531 9 11 WTC Ground Zero Recovery PCGS Gem Unc    US $462.00

WTC 2001 PCGS MS69 $1 $5 $10 $25 RECOVERY GOLD EAGLES    US $8,995.99

WTC 2001 PCGS Gem Unc $10 Dollar Gold Eagle 1 of 531 Ground Zero Recovery    US $1,075.95

2001 PCGS $10 Gold Eagle1 of 531 WTC 911 World Trade Center Ground Zero    US $1,100.00

1998 $5 Gold American Eagle WTC Ground Zero Recovery PCGS MS69 1 10th oz    US $475.00

WTC 2001 PCGS MS69 $10 AMERICAN RECOVERY GOLD EAGLE    US $2,695.50

2001 $25 $10 $5 GOLD EAGLES PCGS WTC 9 11 01 GROUND ZERO RECOVERY COIN SET    US $3,948.00

WTC 1999 PCGS MS69 $50 $25 $10 $10 W $5 Recovery Gold    US $115,000.00

2000 PCGS 1 10 oz Gold Gem Uncirculated Krugerrand WTC Recovery 911 World Trade    US $349.00

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PCGS WTC Coins Time Line

• 11 September 2001, one of the worst days in American history next to the attack of Pearl Harbor December 7, 1941.

• 11 September 2001, the New York State Quarter 9-11 Firefighters coins are made with the special flag inserts. The New York State Quarter 9-11 Firefighters coin project was started at the PCGS Collectors Universe Forum by PCGS authorized dealer Mitchell Spivac and members of the Collectors Universe Forum forum. 100 numbered coins were finally completed with the help of PCGS. The US Flag insert used with the coin was designed by Senior Vice President of PCGS Miles Standish. 100% of the proceeds are donated to the Uniformed Firefighters Association (UFA) Widows and Children’s Fund. The auction of the 100 coins (numbered 1 thought 100) raised well over $42,000 thousand dollars. 9-11 quarter full story

• 1 November 2001 the workers at Ground Zero in New York reach the Iron Mountain Vault.

• 1 November - 1 December 2001 Coins are sent to Collectors Universe for certification. Collectors Universe does not grade coins so the coins are only certified and sonically sealed as "Gem Uncirculated" The initial sale of these coins is advertised by only a few authorized dealers which state that a portion of the proceeds from the sale of these coins would be donated to the relief fund set up for the victims of September 11, 2001.

• 1 December 2001, PCGS gets into the picture and starts grading coins from ground zero. The coins being holdered by PCGS receive the respective grade and then are sonically sealed with a bar coded certification number. On some of the coins, the bar code is hidden behind the PCGS hologram.

• January 2002-June 2002, PCGS continues grading the different coin recovered as ordered by the “Originators” Coins encapsulated were gold, platinum, silver, copper etc. etc. Some coins were paired up in special sets with limited edition markings such as the 1 of 1000, 1 of 1140 etc. etc. Coins from approximately 10 different countries were recovered and authenticated, some with very low populations as stated on the certified holder.

• January 2001- 2004, collectors start to include World Trade Center Recovered coin into their registry sets although they are not recognized as WTC pieces when the certification number is looked up in the PCGS data base.

• January 2002 – Present, the controversy surrounding the WTC recovered coins has the numismatic community split up. Some collectors love the coins and consider them invaluable pieces of “American history” while others hate them with a passion and refer to them as "death coins".  In the meantime, the WTC coins continue to increase in value as other similar non WTC PCGS certified coins of the same year trade for considerable less.

One last we would like to mention is that these coins are not for everyone! We respect everyone else’s opinions, point of views and we hope that you do the same for everyone else too? If you are of the opinion that these coins should not be sold for a profit because of where they came from, that is your opinion and we respect it. However, to us, they are priceless and we will proudly display them for all to see no matter who buys or sells them.

“We Will Never Forget”