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Author Topic: Numismatics (coin collecting)  (Read 9045 times)

FDD

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Re: Numismatics (coin collecting)
« Reply #15 on: April 23, 2016, 07:53:56 pm »

The new penny

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If we want our grandchildren to be able to give thanks for being Americans, we'll need to.....start steering a course away from government control of our lives-and start moving back toward greater personal responsibility.   Ed Feulner

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Splash22

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Re: Numismatics (coin collecting)
« Reply #16 on: April 23, 2016, 08:06:04 pm »

DL, In my effort to collect each coin .1, .5, .10, .25 for each son in the year's they were born, I have started grabbing old silver and swapping for recently minted. I found a 1941 quarter a few days ago, that's the oldest so far.

I look for old "buckwheat" pennies too.
I am saddened by the fact that now when you drop a coin, it sounds like a button!
~S
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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #17 on: April 23, 2016, 08:16:54 pm »

DL, In my effort to collect each coin .1, .5, .10, .25 for each son in the year's they were born, I have started grabbing old silver and swapping for recently minted. I found a 1941 quarter a few days ago, that's the oldest so far.
Sweet! The last silver coin I found in general circulation was about a month ago. It was a 1937 Mercury Dime. I was very surprised to find it, since it is such an outdated design. It was a pretty dark coin. That coupled with the small size of the coin may have contributed to it finding it's way to me. (I have EXCELLENT vision) :mellow:

Quote
I look for old "buckwheat" pennies too.

I have 3 complete "wheatie" collections. One for me, and one for each of my minions to inherit. The 1909s VDB is the main key date. They don't come cheap. :icon_pale:
Quote
I am saddened by the fact that now when you drop a coin, it sounds like a button!
~S
Oh yeah....Nothing like the satisfying "ring" of a silver coin. Try dumping out a $100 face value bag sometime. Oh yeah.....that's the stuff!! :laugh:
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Splash22

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Re: Numismatics (coin collecting)
« Reply #18 on: April 23, 2016, 08:57:37 pm »

I am a bit iffy on the polishing thing for coins...I've read both you should and shouldn't polish old coins...safest, least obtrusive way?what sez youz?
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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #19 on: April 24, 2016, 05:36:18 am »

I am a bit iffy on the polishing thing for coins...I've read both you should and shouldn't polish old coins...safest, least obtrusive way?what sez youz?
What sez meez?

NO!!!! NEVER POLISH A COIN!!! BLASPHEMY!!!

Ok..... Sorry.....Had to get that out.

Polishing a coin ruins it. No self respecting coin collector even LOOKS at polished coins. Polishing a coin can turn a $1000 coin into a coin that you may as well use at the local 7/11. Grading companies won't even grade them. They will put them in a slab and label them "genuine". Which means "Yes, this is a real coin, not a fake, but has been cleaned."

Think of any other antique. Furniture for example. Its always worth more if it has it's original finish and patina. You get a sense of what it has been through. Its history. It's the same for coins. Holding a coin minted in....let's say 1842. You get that sense of wonder......Like, WOW! Imagine how many people have held this coin. It's seen war, booms, busts, and it's still around. Amazing!
« Last Edit: April 24, 2016, 05:38:08 am by DiabloLoco »
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Splash22

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Re: Numismatics (coin collecting)
« Reply #20 on: April 24, 2016, 05:55:18 am »

Gotcha.
And the ones that have the date obliterated? How do you get to see it?
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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #21 on: April 24, 2016, 06:15:08 am »

Gotcha.
And the ones that have the date obliterated? How do you get to see it?
That is an exception to the rule. Depends on the coin. Sometimes (albeit rarely), a year can be determined with other factors such as variations in the design. If you absolutely HAVE to clean a coin, do so with a very mild soap and water, using a Q-tip. Use very light pressure and clean by spinning the Q-tip. 

If the date is obliterated due to wear, there is no getting it back. It's gone.

The exception to THAT rule would be nickels. Usually Buffalo nickels. Buffalo nickels were a very poor design. The date was the highest point on the coin and therefore, the first part of the design to be lost to wear. The date can be brought back with a simple vinegar solution. It may take a few days of soaking, but the date will be legible.

BTW, the vinegar fix also completely ruins the value of the coin.
« Last Edit: April 24, 2016, 06:20:49 am by DiabloLoco »
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Splash22

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Re: Numismatics (coin collecting)
« Reply #22 on: April 24, 2016, 06:25:51 am »

Gotcha.
And the ones that have the date obliterated? How do you get to see it?
That is an exception to the rule. Depends on the coin. Sometimes (albeit rarely), a year can be determined with other factors such as variations in the design. If you absolutely HAVE to clean a coin, do so with a very mild soap and water, using a Q-tip. Use very light pressure and clean by spinning the Q-tip.

Soo....a good dosing of Gorham's silver polish, is out then...?
Kidding!
Seems the pennies get the most oxidation from their copper.
When I found my 1941 quarter, I did think of the things you mentioned...who had it, what was going on in the world, what did they buy, how many pockets it sat in...how much Tommy Dorsey did it hear? WWII was on.......
How cool would it be to regress a coin to glean all that info! Now there's a good sci-movie script YOU could write!
Holding the coin, you'd get to experience all the places it's been!
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Bill St. Clair

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Re: Numismatics (coin collecting)
« Reply #23 on: April 24, 2016, 10:20:14 am »

I carry a one ounce US Silver Eagle around in my change holder, as a reminder of what real money looks like. It occasionally gets tarnished, and I give it a quick wipe with some silver polish. But I'm using it as bullion, not for numismatic value.
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"The state can only survive as long as a majority is programmed to believe that theft isn't wrong if it's called taxation or asset forfeiture or eminent domain, that assault and kidnapping isn't wrong if it's called arrest, that mass murder isn't wrong if it's called war." -- Bill St. Clair

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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #24 on: April 24, 2016, 10:37:48 am »


When I found my 1941 quarter, I did think of the things you mentioned...who had it, what was going on in the world, what did they buy, how many pockets it sat in...how much Tommy Dorsey did it hear? WWII was on.......
How cool would it be to regress a coin to glean all that info! Now there's a good sci-movie script YOU could write!
Holding the coin, you'd get to experience all the places it's been!
Hmmmm......That is an interesting premise! If I had the time, I would definitely write that.
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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #25 on: April 24, 2016, 10:53:46 am »

I carry a one ounce US Silver Eagle around in my change holder, as a reminder of what real money looks like. It occasionally gets tarnished, and I give it a quick wipe with some silver polish. But I'm using it as bullion, not for numismatic value.
Very few ASE's (American Silver Eagles) have numismatic value. The key date is the West Point minted (W mintmark) for 2005. A mere 30k were produced, and were only available as a part of a 5 coin set. The other coins in that set included all four denominations of Gold Eagles. The Silver Eagle in that set is actually worth more than the 1oz Gold Eagle! :thrshocker: There is a market for slabbed MS70 or PF70 Silver Eagles, but all that aside, ASE's are generally considered bullion and not numismatic. They fetch a higher premium percentage than junk silver, but not by much. Morgan Dollars actually have higher premiums than ASE's.

My favorite ASE's are the "burnished" or "reverse proof" coins. I just think they look cool. :mellow:

Reverse proof is on the left. Right side is Enhanced Uncirculated.
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Splash22

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Re: Numismatics (coin collecting)
« Reply #26 on: April 24, 2016, 10:03:22 pm »


When I found my 1941 quarter, I did think of the things you mentioned...who had it, what was going on in the world, what did they buy, how many pockets it sat in...how much Tommy Dorsey did it hear? WWII was on.......
How cool would it be to regress a coin to glean all that info! Now there's a good sci-movie script YOU could write!
Holding the coin, you'd get to experience all the places it's been!
Hmmmm......That is an interesting premise! If I had the time, I would definitely write that.

Only thing even close in plot line, would be "Somewhere in Time".....when Christopher Reeves, accidently sees the 1979 penny, while he's actually in 1912. Yeah, a "chick flick, but the music makes me swoon!
https://www.youtube.com/watch?v=BzfuXJ9NwlM
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FDD

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Re: Numismatics (coin collecting)
« Reply #27 on: April 26, 2016, 07:29:09 am »

2016 gold mercury dime sold out at the mint.

selling now for $388.00 for 1/10 oz gold mercury dime.
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Nobody needs an AR-15
Nobody needs a whiny little bitch ether, yet here you are

If we want our grandchildren to be able to give thanks for being Americans, we'll need to.....start steering a course away from government control of our lives-and start moving back toward greater personal responsibility.   Ed Feulner

I think, therefore I am not a progressive liberal socialist marxist democrat

That's WY

Jake

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Re: Numismatics (coin collecting)
« Reply #28 on: April 26, 2016, 09:23:39 am »

I wonder if Fort Knox Has anything it in. . . . . Yeah, I am trolling
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DiabloLoco

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Re: Numismatics (coin collecting)
« Reply #29 on: April 26, 2016, 10:06:38 am »

I wonder if Fort Knox Has anything it in. . . . . Yeah, I am trolling
There is a thread around here somewhere where that very topic is discussed.
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