The following is a guest post from Alex Lemaire.

There are many ways to collect coins. One of the most popular is coin hunting with a metal detector. In this short article, I will give you few tips to collect more coins using this device.

Tools needed

In addition to the detector, you need a digging tool, a pouch, and a screwdriver. The latter will help you in coin popping.

Some machines are capable of estimating the depth of the buried metal object. These indicators are calibrated with coin-sized objects. Therefore, if you think the coin isn’t very deep. Pop it up with a screwdriver to preserve the grass.

Old coins are precious. You don’t want to damage them with your digging tool. To avoid this problem you have to determine their exact location. This is why you need a pinpointer. It is also important to dig slowly.

Places to hunt

There are many locations where you can find coins. I can’t list all of them here. So I’ll give some tips for coin hunting in three common places.

*Parks are the most obvious places where you can hunt for coins. In most cases, you don’t need permission to use your metal detector. However, I recommend you check your local laws.

Scanning an entire park isn’t practical. Therefore you need to start with spots where you are most likely to find lost coins. Trees shades and park benches are good places to start with. People lose coins when they sit. Sandboxes, slides, and swings…are good spots too. You can find some cheap coins lost by kids.

Make sure you carry a trash bag with you to remove any sharp metal object you find. This way, you hunt coins and you help to make parks safer for kids. Use small digging tools (trowel not a shovel) and fill the hole you dug.

*Another common spot to hunt is sports fields. Always dig the surroundings not the actual playing field.

As always, start with the bleachers and trees where spectators set their lawn chairs to watch the match. Sidelines, along the fences and behind the home plate (in the case of baseball fields) are very good locations too. People will lose coins when they are jumping and cheering players.

Don’t forget to hunt for coins near concession stands and the parking lots. Coins spill out of pockets when people buy something or reach out for their keys.

*You may not find many coins in open fields. But, they will certainly be older and more valuable. To find good locations, you need to do some research before going for a hunt. This means that you need to check old plat maps, county atlas, old aerial photos… They are easily accessible in local libraries and local museums or online.

You need to look for is old structures (houses, Barnes, churches…) that no longer exist. You will find very precious coins around them.

To conclude, coin hunting is an easy and enjoyable hobby. You need nothing more than basic tools. And to make your hunts more successful, target areas with a lot of human activity.

About Alex Lemaire: Alex is passionate about unearthing history and collecting coins and relics. He thinks that metal detectors are time machines that help us know more about our ancestors’ lifestyle. You can follow him on his blog at Metaldetectorplanet.com.

The following was written by Brian.

Mintage or Survival Rates? What's More Important?

One of the first questions collectors ask me about a coin they are considering is "what is the mintage?". Of course, if I do not have the answer off the top of my head, I'll look it up. However, the research doesn't and shouldn't end there. One of the oft overlooked aspects of coin availability is survival rate. 

Survival rate is an estimate of the number of coins believed to exist for any particular issue. One good example of a coin with misleading availability is the 1932 Saint Gauden's Double Eagle. The coin had a mintage of 1,101,750. It shouldn't be too difficult to get your hands on one of those, yes? Well, no, as that particular issue was ordered melted by the US Government. In fact, most 1932 double eagles were melted following the abandonment of the gold standard in the 1933 by President Franklin Delano Roosevelt. As some of those coins eventually came out of the woodworks, what came to be was a coin with a high mintage, yet an incredibly low survival rate. Estimates are somewhere around 175 mint state graded coins and literally zero known in circulated grades. 

Another good example is the 1876-CC 20 Cent piece. Coin mintage was 10,000, which is by all standards low, but the survivability of around 16 known is shockingly low. In a letter dated March 19, 1877, the Director of the Mint (Henry R. Linderman) ordered the Superintendent of the Carson City Mint (James Crawford) to melt down all Twenty Cents still on hand at the time. Presumably, many, if not most of the 1876-CC Twenty Cents were included in the melt. An estimated 16-20 1876-CC Twenty Cents are known today. 

So word to the wise; be sure to check survival rate before considering a coin too expensive when it shows a high mintage. There could be more to the story. 

The following was written by Brian.

I often overhear the question 'how is a PL/DMPL coin created'. I have heard everything from die polish to early die state and everything in between as reasons, but the truth is that it is the complete die preparation (not just simple polishing) that creates these eye appealing and in-demand coins. 

The creation of DMPL and PL Morgan Dollars mostly occurs in the production process of the individual dies that are used to strike the coins. Dies were made individually from a so-called master hub with all of the major design elements which are then transferred to the individual dies. These dies are then basined, which is where the prooflike factor comes in. During this process the dies were placed against a zinc receptacle that contained water and fine grind particles that were slowly revolving, continually polishing the die. Depending on the amount of time the die was polished a prooflike or even deep-mirror prooflike die could be produced. Q. David Bowers proposes in his Guide Book of Morgan Silver Dollars that the dies that struck DMPL coins were inadvertently polished for too long, but this is merely a theory that has not been confirmed. It is possible that some dies were polished longer than others on purpose, perhaps to show off the quality and workmanship of the employees at the various mints.

 As you can see in the images below from PCGS (www.pcgs.com/news/a-look-at-pcgs-designations), the mirrors can be highly reflective and when the devices are frosty enough, it gives the appearance of cameo contrast and in my opinion warrants a premium.  

The following was written by Chris.

We deal a fair amount in Swiss Shooting Medals. I love the unique and often ornate designs of them. In fact, I have several in my personal collection. While finally getting around to going through a small lot of them that we bought several years ago, I came across this medal. 

I could not find a listing of it in the Richter catalog. Granted, it's not actually a shooting medal. Thanks to my quite rusty skills in the German language that I acquired back in college (well, that and Google translate), I determined that the medal commemorates the inauguration in 1939 of the Swiss Shooting Museum. The legend on the medal is in both German and French. 

Some further research brought me to this website. This museum is located in Bern, and as you can see it is indeed the one depicted on the medal. I plan on contacting the museum to see if they have seen many of these inauguration medals. If not, I think it would make for an interesting donation for their display.

For further information on Swiss Shooting Medals, head on over to Shootingmedals.com. If you'd like to view our current selection of Shooting Medals, you'll find them in the medals section of our inventory.

Update 7/3/2019:

I reached out to the museum to see if they were familiar with the medal. They of course were and had an example on display and another in their archives. I asked if they would be interested in having a third for their collection and they were delighted. The director of the museum, Regula Berger, sent us a very nice note along with several post cards from their museum.

The following appeared in a recent E-Sylum article:

Jeff Burke submitted this article on his quest to choose and locate a great Saint-Gaudens $20 gold piece for his collection. Thanks. -Editor

“My Quest to Select One Saint-Gaudens Double Eagle Type Coin” 
by Jeff Burke

Introduction
Learning more about Saint-Gaudens double eagles has sparked the bibliophile in me! My ongoing fascination with Saint-Gaudens double eagles (SGDE) started with reading books about the 1933 double eagle. I had the privilege of seeing the 1933 Farouk double eagle specimen at the New-York Historical Society in August 2013 (see my “Star of the Show: A 1933 Double Eagle,” in The Nebraska Numismatic Association Journal, vol. 57, issue 4 (October/November/December 2013), pp. 16-19, for more details).

Curious to learn more about these fabled coins, I read Selling America’s Rarest Coin: The 1933 Double Eagle, David Alexander, 2002; Illegal Tender: Gold, Greed and the Mystery of the Lost 1933 Double Eagle, David Tripp, 2004; Double Eagle: The Epic Story of the World’s Most Valuable Coin, Alison Frankel, 2006; and Striking Change: The Great Artistic Collaboration of Theodore Roosevelt and Augustus Saint-Gaudens, Michael F. Moran, 2007. I also devoured A Handbook of 20th-Century United States Gold Coins: 1907-1933, David W. Akers, 2008; A Guidebook of Double Eagle Gold Coins, Q. David Bowers, 2004; Renaissance of American Coinage: 1905-1908, Roger Burdette, 2006; and Collecting and Investing Strategies for United States Gold Coins, Jeff Ambio, 2008.

Possessing a large disk of Saint-Gaudens gold has always been visually appealing to me. I previously had a 1922-S PCGS MS 63 double eagle and a 1910-D NGC MS 64 double eagle in my collection. I traded these double eagles for other coins and hadn’t owned a Saint-Gaudens $20 since 2015. To my surprise, I really missed owning one! Perhaps owning a gold coin makes me feel special. I also love the design.

Conducting Research
After contemplating the possibilities, I decided to pursue a better date SGDE in a higher grade. My focus narrowed to an examination of 1923-D double eagles: “A choice or gem specimen is usually a treat to behold, the very definition of eye appeal!” (David Bowers, in reference to the 1923-D double eagle, A Guidebook of Double Eagle Gold Coins, p. 266). I discovered that 1923- D double eagles are plentiful, but have a much smaller population compared to common date SGDE. Here is another reason why I chose this particular coin: “...As most examples (1923-D) are boldly struck and show radiant luster, this date (and mintmark) is often chosen to represent the type if just a single coin is desired.” (Jeff Garrett, Description & Analysis for the 1923-D Saint-Gaudens double eagle, NGC Coin Explorer).

The next step was to order and read Saint-Gaudens Double Eagles: As Illustrated by the Phillip H. Morse and Steven Duckor Collections, by Roger Burdette, ed. by James L. Halperin and Mark Van Winkle, published by Heritage Auctions in 2018. Despite not having a table of contents or index for quick reference, it was a joy to read! My favorite portions were “Background” about United States International Gold Shipment and the engaging Chapter Six - “Lost and Found - Survival of U.S. Gold Coins.” It took Burdette five years to research this masterpiece and another year to write it. (See Wayne Homren’s review of this volume in The E-Sylum, vol. 21, Number 28, July 15, 2018, for more information). This tome is well worth the money!

I learned “...it is estimated that out of 70,290,930 Saint-Gaudens double eagles manufactured between 1907 and 1933, only 2,966,565 coins, or four percent, survive in all states of preservation.” (Burdette, Saint-Gaudens Double Eagles, p. 612). The 1923-D is the last mint marked coin in the Saint-Gaudens $20 series readily available to collectors before surviving populations dwindle and prices escalate. (Burdette, p. 397). The 1923-D saw extensive shipment overseas. “Most pieces seemed to have been preserved in foreign holdings, most likely in Argentina or Brazil (accepted as legal tender), where it was common practice to leave U.S. gold untouched in its original bags.” (Burdette, p. 397).

Making the Purchase I worked through my old 2007 list of 31 favorite coin dealer websites and other numismatic websites to examine 45 to 50 specimens of 1923-D double eagles. After perusing numerous dealer websites on the Certified Coin Exchange, e-bay and other sites, I kept returning to a 1923-D NGC MS 65* Star Designation double eagle that I saw on the Northeast Numismatics online inventory. Unfamiliar with the NGC Star notation, I conducted some research. According to the NGC Census as of March 21, a total of 1,389 SGDE are listed with the Star Designation, which is 0.14% of SGDE graded by NGC.

Tom Caldwell founded Northeast Numismatics in Concord, Massachusetts, in 1964. “Tom is a firm believer that an educated collector is necessary to a strong and sustainable coin market, and has taken great efforts to teach youngsters (and elders) the essentials of coin collecting.” (Northeastcoin.com). Providing numismatic education can help collectors learn more about their collecting interests and encourage others to explore the wonders of our hobby.

I am thrilled to own this beautiful coin! Did it spend decades in Brazil or Argentina? I wanted to keep this 1923-D double eagle next to me forever so I could admire it at my leisure. Reluctantly, I put it in a bank safe deposit box for safekeeping.

Note: Chris Clements of Northeast Numismatics kindly provided obverse and reverse images of my double eagle to accompany this article. Thanks also to Paul Sandler for fielding my questions about Saint-Gaudens double eagle NGC Star Designation coins.

Talk about buying (and reading) the book before the coin! Congratulations on your well-thought-out purchase. Great coin! -Editor