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20 Jul 2019

To Melt Silver Coins Or Not?

Coins | Pat

Hi eveyone. I recently watched a T.V. show I'm sure most of you have seen it. On this show they were selling one pound bags five pound bags and ten pound bags of coins to melt. American coins which we collect so you can melt them. What I don't understand is they give the Numismatic value of these coins. So a one pound bag is worth that they charge 400.00 for us valued at five thousand dollars. Does this make sense to you? They had every silver coin up there including Morgan's walking liberties. Every single silver coin that they can sell.I'm not sure on the law concerning melting but according to them it's fine. How else can they sell them.? By the way the Morgan coin they give the most of are the 1921. This is the coin there going to make again in 2021. This has been going on for decades. I can't see it. What about the person that says what a great idea doesn't know what there doing and get hurt or start a fire. These are not ment to bring to a professional. Not a pound. Buy the bars save the silver. This is done everyday and even though these coins are circulated why? Save them. Save our history. It is our history. You can fill holes in your sets. I mean not just dimes. Every silver coin. Then you have to go get this pound ,five pound ,ten pound certified. would you buy these self made bars? They have to be certified do you know what's in it? There are videos on how to do this. To see all those coins that some of us grew up with being melted made me sick. So are we collectors or smelters? Would you melt American coinage. Most of it is still with face value. You can still spend the quarters dimes halves and dollars. Why would you melt these. There legal tender. So why? Why are we doing this? Greed. That's all I can think of. They had Barber coins and I thought about people collecting these and they can't find them because there being melted. I have to say it again everyday across this country every silver coin up to and including 1964 coins Franklin's and Kennedy's melted. I have seen some very nice Morgans and coins we collect being out into these bags. To me this is upsetting. I knew it went on but at this rate your talking some coins just wiped out. Thousands and thousands everyday. That's allot of our history being made into bars. You want bars but then from the mints. They have been through all the legal certification. Then your not a collector your a stacker. You have no interest in coins. Just ten pound bars and I have seen one hundred pound bricks of silver. These come from mines. Is this the fate of the coins made today. Some are very beautiful. But the way things are going the new silver will bring a higher melt value. What are we doing? Collecting coins because there nice they have value of just to melt them into bricks. What do you think. I'm a collector not a smelter. Why do you think about your coins that you collect being melted every day. Let me know please. And if you know the law put it down. It all seems like a waste to me. Take care enjoy and collect coins. That's why we're here. Thanks Pat.

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19 Jul 2019

Central American Numismatic Congress 2019

Coin Shows | user_19285

On September 27 and 28, San Pedro Sula, Honduras will be the capital of the Central american numismatic, because will be the host of the IV Central American Numismatic Congress.

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19 Jul 2019

A Sneak Peak

| Big Nub Numismatics

Just a few days ago, us YNs found an informational PDF on the YN auction on this very website. Held every year, the YN annual auction features donated coins from generous collectors to be bid on by YNs who have earned YN dollars all year, the only form of payment accepted for this auction. This PDF featured a picture of this year's gold coin lot, a Swiss 1927-B 20 Franc coin. This sneak-peak at this beautiful coin made me go deeper into Swiss gold coinage. I am very familiar with silver Swiss coinage as I have been around them for some time now, but with the massive prices of gold coins I had never gotten around to them. Known locally as Vreneli, Swiss gold coinage appeared in 1897. These coins were minted in three different denominations. In 10 Francs, this smaller gold piece has an actual gold weight of .0934 oz, half that of the 20 franc coin which can be expected. This series was only minted in 1911-1916 and again in 1922. Coins of the first section of minting all stayed below a million in mintage with 1911 being the key to the series. 1922 had the largest mintage and thus is the most abundant smashing a mintage number of 1,020,000 about two thirds of the total mintage number for the first seven coins. The 20 franc coin was the first to be minted in 1897 with a decent mintage of 400,000 coins. This coin has an AGW of .1867 making it a hefty gold piece. Minted in 1897-1916 and then minted in a jumble of years like 1922, 1925, 1926, 1927, 1930, 1935, 1947, and finally in 1949. The 1926 20 franc piece is the ultimate key to the series with a mini mintage of 50,000. A decently graded one can expect to go for $500 dollars. The largest mintage is again the final year of minting of 1949 with 10 million being created in Bern. The elusive 100 Franc coin is quite a mythical coin if there ever was one. This coin has almost an ounce of gold in it making it a bullion lover's dream, however with a mintage of 5,000 coins, good luck finding one near spot price. A VF coin is plentiful over five grand, and you will want to more than double that for uncirculated coins. The 100 franc coin has a special reverse to the other coins in this post. featuring the Swiss shield in the heavens above the year, denomination, and a tree branch. The obverse was designed by Fritz Ulysse Landry, a design which appears on the obverse of all vreneli coins. Just looking at beautiful coins can get you inspired. Perhaps you may be itching to get ahold of your first gold coin, well world coins offer many options for an inexpensive world gold coin collection.European Gold Coins Guide Book by Hans SchlumbergerVreneliNGC coin explorer

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19 Jul 2019

50 Years Ago, July 20th, 1969

| Just Mokie

It's hard to believe it has been 50 years since Neil Armstrong and Edwin "Buzz" Aldrin first landed on the Moon. In the summer of 1969, I was an 11-year-old living in Mt Lebanon, PA and feeling the excitement of the impending Moon landing. Back then, the Space Program was a really big deal and dominated all 4 TV channels, Mad Magazine, and of course our two daily newspapers. There was no internet, there was no social media, or YouTube, or all the other things we expect in our daily lives today. But the entire world was waiting with bated breath for the moment when the Lunar Module made its landing.

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19 Jul 2019

2021 SILVER PEACE or MORGAN DOLLAR?

Coins-United States | Longstrider

Today a fellow member informed me of a new congressional bill just introduced. It is the 116th Congress H.R. #3757. This bill would basically mandate the striking of a commemorative issue Peace dollar or Morgan dollar with a date of 2021. Congress will decide which. I have attached the first page of it. There is also an article at Coin World that talks about it. Here is a link to that:https://www.coinworld.com/news/us-coins ... -city-mint I have mixed feelings about this and was wondering what other people thought. Thanks.

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18 Jul 2019

Intro to Colonials

| Big Nub Numismatics

Sooner or later, every Numismatists comes to early American Copper Coins, or so it is said, and I believe this to be true. The vast, interesting history surrounding the birth of the largest free nation of the world encompasses everything we see in the history books from the first American settlements, to the revolutionary war and beyond. Numismatics, if nothing else, tells of this beautiful history all on its own. Knowing nothing about America, one could find coins circulating in this region to be first from around the world from great European powers at the time, to state-minted coins, to a new name appearing on the coins, The United States of America or Ameri. in some cases. These brown, mostly worn coins show us our own history without many non-numismatists knowing. In 1607 the first American colony was established in Jamestown, Virginia. This was followed by the Massachusetts Bay Colony a generation later. Both of these colonies had many problems circulating coins in commerce. People had the wealth to pay, but it was in the form of cattle, and other items. Bartering was the norm until the first coins showed up in Massachusetts with the only thing distinguishing it from a 400 year old piece of metal is the letters "NE" for New England on the obverse, and a few Roman numerals on the reverse distinguishing the denomination of the new pieces struck in 1652. These first coins minted on American soil were created until 1687 featuring a plethora of different tree species. In the late '50s, 60s, and early 70s ( 1600's of course) state-sponsored minting of coins was expanded to include copper coins of New Jersey and Maryland. These coins were made with the crudest of equipment, and the coins show such boring designs with a lack of strike, definition, and detail, but they circulated and were made to circulate, not to please artistic critics, although in this age I would still call these coins beautiful. The New Jersey coins interestingly enough were not made in the American colonies, but were rather shipments over seas to satisfy the demand for a circulating coinage in New Jersey. These coins are very worn, as can be expected. These coins have a bust of King Charles II with his crown, and what I would say to be priest if not another bust of the king in full outfit. Many of these coins are quite historic and finding surviving examples can be a fun and exciting adventure!John Hull and the 1652 Massachusetts Silver CoinsIn Yankee Doodle’s PocketAbel Buell and the History of the Connecticut and Fugio Coinages

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18 Jul 2019

Mint Of The United States At San Francisco Silver Ingots With Paperwork

Coins-United States | Silver Ingots

Of the hundreds of United States Government silver ingots in my collection and all of the others that I have seen over the years, finding paperwork to document the delivery of scrap silver to the Mint, the invoice for assay and process and the bar delivery receipt for the same transaction is amazing. Then to put a number of ingots together that are listed on the bar delivery receipt is beyond amazing.I obtained the paperwork completely separate from any of the ingot acquisitions so this is a real prize in my collection. See more about these and other United States Government silver ingots at SILVERINGOTS.COMKen Conaway

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18 Jul 2019

NCW coin design submission: Finding A Cure

National Coin Week | Andy Dickes

Here's a nice coin design submission from Young Numismatist Luke Daniel, who envisions finally discovering a cure for cancer.

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17 Jul 2019

The Very First Coin I Purchased and a New Toy!

Coins-United States | coinsbygary

Recently I bought a new macro lens for my camera. The lens is a Laowa V-DX 60MM F2.8 Macro 2:1. Now I know I already have a macro lens but if I am ever going to take my coin photography on the road, I will need a much more versatile lens.

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