25 May 2019

Coin Show Tips

Coin Shows | user_55042

Hello everyone, if you are planning on going to a coin show at all in the future, I recommend you read this.Coin shows are very fun to go to and if you are looking to buy anything from numismatics to bullion coin shows have really good deals to buy that stuff. I am going to tell you some coin show tips.The first thing is that when you are looking through a dealers coins, never put your hands by your pockets or bags because they might think you are stealing their stuff. Also don't put your bags on your lap, put them behind or underneath your chair. If you are looking through coins make sure to remember what came from what box and put the ones you don't want in the right place. Another thing to keep away from the table is your books or checklists because people can slip coins into them. When handling coins always handle them like they are yours; carefully and by the edges.Now that you know your coin show etiquette I'm going to teach you some ways to get good coins for good prices. The first thing you need to do before the coin show is study. You need to study as much about numismatics as you can. Know the the price you want to pay for different coins and know the key dates. If you know all of that you will be able to buy good things, and if you want, make money on them. If you see a bin of junk silver, search through it for good coins that are worth the price. Also, ask dealers if they have a "sale" or "bargain" bin (most have them). If they have it, search through it and try to find something that is worth more than what you are going to pay for. Also at coin shows, you can always make the dealers an offer on their things sometimes they will agree or maybe bring the price down to what they want. Next, it's time for what you should bring. This is mainly for big coin shows but bring good walking shoes, you will be walking a lot. Bring lots of cash because if yo don't you will be wishing you did. Also if you have things that you want to buy specifically, make a list and bring it. Something that you will really need, is a magnifying glass/ loup.If you have a coin that yo want to sell or figure out the value of, bring it to a coin show. The people there are really nice and will help value your coin. Some people will even buy the coin (look for tables with "buying" signs.The next time you go to a coin show, remember these tips and have fun.

25 May 2019

Mnunchin Delays Tubman $20 Bill Release - Controversy Follows

| Well worn Copper

This week Treasury Secretary Mnunchin announced a delay in the release of placing Harriet Tubman's portrait on the $20 bill. Mnunchin claimed changing Andrew Jackson's portrait would come at a bad time, as the department is currently focusing on counterfeiting. Tubman's appearance was supposed to take place on bills dated 2020, but Mnunchin claims things would not be ready until 2026. The announce has stirred up much controversy, and now the portrait's on our currency has become a political issue. Some reports claim Trump, who is a fan of Andrew Jackson, does not want to see him replaced. Other reports claim the snub is insulting. Tubman's portrait was to have coincided with the 100th anniversary of the 19th Amendment in 2020, which would have had a commemorative tie-in. Mnunchin's claim that changing the portrait could detract from the Treasury's counterfeiting efforts is interesting. After all, in this digital age how many times are we told to continuously update our passwords? One would think that updating our currency would stymie counterfeiters. I also wonder if the BEP gift shop is fuming at the loss of potential income from collectors. Currency collecting is stagnant compared to coinage. Not much happens, and unveiling a new design excites collectors as gives the hobby a badly needed jolt. Remember the excitement the 1976 Jefferson $2 bill caused? A lesson can be learned from the Kennedy half dollar. Kennedy was assassinated November 22, 1963. Trial strikes were made, and the Kennedy half dollar was formally authorized December 30, 1963. First strike ceremonies were held February 11, 1964, and the coin was released to the public on March 5, 1964. (See Don Taxay's "U.S. Mint & Coinage" for more) How's that for efficiency! I believe we are capable of creating beautiful, commemorative, and colorful notes, just as many European nations are presently doing. Politics aside, we have enough presidents on our coinage and currency as is. We have a great and diverse heritage as a nation, and its well worth celebrating.

24 May 2019

National Coin Week Design Contest, Grand Prize Winner

National Coin Week | Andy Dickes

Congratulations to Young Numismatist Jeremy Sheng, who won the grand prize in the 2019 National Coin Week design contest. Here is his winning submission:

24 May 2019

The Devil's Face Canadian Dollar Bill

| Big Nub Numismatics

Canada has some interesting numismatic history. They have discontinued both their one-cent pieces and dollar bills. According to a Canadian cashier I talked to while being checked out in a store, there is almost never a cent or dollar bill in circulation. She told me this as I tried to pay with a Canadian one-cent piece which she insisted I not spend. The Devil's face Canadian dollar bill is quite a curious one. Brought to my attention by a close friend who found a similar note in his attic, this note is very rare in uncirculated condition. This particular note was issued in the 1954 series of Canadian dollar bills. As almost all of Canada's currency features Queen Elizabeth, it is no surprise to see her on the obverse of the note, but if you look closely at her portrait on the right, lower side of her hair, a devil face seems to appear straight out of her hair. The bills rolled out as they did every other time, and no controversy surrounded the bills, at first that is. Citizens lodged many complaints about the note in 1956 and boy were they outraged. Many thought that it was someone purposefully trying to send a message to the people of Canada slowly pulling them toward devil worshiping. This is no surprise as World War Two had just finished up, and people were hot to spot anything that resembled the devil or Hitler in any way. The producers of the new bills were notified and designer George Gundersen went to work to cancel out the face of the devil. When it was finished, no evidence of a devil's face could be found. These secondary produced notes are called "modified portrait" notes. Over 180 million devil's face notes were printed in total. With this printing run these notes are not quite rare in poor condition, however, they are still desirable. Some devil's face notes come with an even greater surprise. The equivalent of a US star by the serial number, asterisk notes come as replacements for destroyed or undesirable notes for circulation. To find a devil's face note with an asterisk would be a find of a lifetime. One can make many connections to the V.D.B. "scandal" on the 1909-S one cent pieces of the United States. A seemingly trivial find made for an outraged followed by a modified design, each resulting with desirable numismatic additions to your collection. Unfortunately my friend's note did not have the devil's face on Queen Elizabeth's hair, but it was still fun to find out and research this interesting note.http://www.cdncoin.com/Articles.asp?ID=279https://www.agencetopo.qc.ca/devilface/eng.htmlhttp://manifestauctions.com/one-things-like/http://canadacurrency.com/bank-of-canada/bank-of-canada-currency-from-1954/value-of-1954-devils-face-1-bill-from-the-bank-of-canada-2/

22 May 2019

The Forgotten Eagle

Coins | Mokiechan

There has been a tremendous amount of excitement associated with the West Point Mint in recent months due to the release of the FIRST EVER W Mint Lincoln Cents and the release, into the general economy, of 10 Million W ATB Quarters. But there is a largely forgotten W mint product that has been slowly dwindling in popularity since 2006.Back in 2006, the 20th anniversary year for the silver eagle, the mint started producing, what they describe on their website as the American Silver Eagle One Ounce Uncirculated Coin. This rather generic title implies the coin is no different than the silver eagles you can by in bulk at your local coin dealer. Why would someone pay a premium for something they can get, in bulk, for spot plus a small %? What makes these Silver Eagles so special is their Burnished finish. Burnished coins have a soft matte finish that harkens back to the Matte Proofs of yesteryear but without the double striking. To produce a burnished finish, the silver blanks are cleaned then polished in a drum, similar to a rock tumbler. By doing this, the planchets are smoothed and all surface scratches, blemishes, etc. are removed. This process also gives each planchet the trademark soft matte finish, which remains true after the coins is struck. The 2019 Burnished Eagles are about to be released. I think this special issue deserves attention for both its beautiful appearance as well as its increasing rarity. Consider buying one for your collection before the coin community catches on. FYI - In 2006 the mint sold 468,000 of these Uncirculated Eagles and mintage peaked the following year but has been in decline since:2007- 621,333

21 May 2019

South Korea's "Olympic Bid" Commemorative Coins

Coins | Mark Lovmo

An article I published in the Journal of East Asian Numismatics on a series of Olympic Commemoratives issued by South Korea in the 1980's:

21 May 2019

Are Proof Sets Worth it?

| Big Nub Numismatics

Whether it be a satin or mirror finish, proof coins are some of the most attractive coins ever produced in the US and abroad. Their mintages are a small percentage of the business strikes, and they usually stay in collector's hands resulting in unworn, pristine frosted coins. Modern proofs are specifically produced in a cameo fashion, making a large contrast between the field and the devices. These modern proofs are so beautiful, but with the prices increasingly rising in recent years, and the difficulty of selling these and making profit, even your money back, we have to ask the question, is it worth it to be buy proof sets?


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