26 Mar 2020

New Money !

Collecting Tips | slybluenote

26 Mar. 2020 Good morning folks ! First I want to thank all the folks that have helped me navigate this site so far!I've only been a "ANA" member for 2 days and I'm already getting smarter :-) ! I really appreciated thearticle that Mr. Doug Winter wrote in reference to the Ten Rules of Coin Collecting. I did read ALL tenrules, but as any good writer would do, the paragraph that preceded the rules really hit home for me. Thereality check the paragraph alluded to spurred me to proceed to the rules. Sometimes, the truth hurts !The rules make sense and as Mr. Winter indicated, some will be harder for me than others. The realitycheck Mr. Winter opened with was for me, like looking in a mirror. When I first started collecting, I wasguilty of buying what I would later learn was "Junk Money" vice "New Money" ! My collection early onwas "summarily dismissed" by more than one dealer/collector. Rule number 3 is going to be especiallyhard for me since I don't have an abundance of "Patience" to start with, but I'm a work in progress! Seebelow for an example of one of my "impulsive" buys :-) ! I'm going to have to find out where Mr. Wintergained his knowledge and to peruse some of his work, when I get an opportunity!

15 Mar 2020

Infomercials, Deal or Scam?

Collecting Tips | user_77425

All the time I see infomercials on T.V. but are they actually a good deal? I have done the math on lots of them and seen a 1 1/2 to 2 times over priced coins. One infomercial was selling all the Silver Eagle dates for $60 a peice when you could get all of the coins for about $20- $25 a peice (except the 1996). Another was a Double Eagle for $1000 over Red Book price. One thing they did was show how many coins were in a grade higher for the Double Eagle, but if you looked closely it was only PCGS graded coins. Other things I have heard said is: the coins were thrown in bags and sent by train and the Double Eagle is still in MS-64 and it is a 1900 which is very popular. Long story short infomercials are not a good price and I would recommend going to your trusted local coin shop and getting a coin for much cheaper. Also if you are going to buy from an infomercial read the fine print, there is a lot of information in it, like if you can get a refund or not.

15 Mar 2020

Will it be Possible to Collect Every Type of Coin Again?

Collecting Tips | user_77959

The last person to collect every single possible known coin passed away in 1976.Louis E. Eliasberg, of Baltimore, Maryland, was the last person, and to date only, person that has collected every single known coin and mintmark.Will this ever happen again?I say no. Here's why.

18 Nov 2019

Numismatist spotted at the local B&N

Collecting Tips | Haney

I know I will be preaching to the choir here, as everyone should have seen the email that the Numismatist would be available at Barnes and Noble. To be honest I did not think my local store would have it as it is pretty small with a limited periodical section. To my surprise though there it was on the shelf adjacent other hobby magazines that also catch my interest on the front row. Did I forget to mention I am a train nut.Anyway the reason for the blog is that many in my own local club still have not joined the ANA so I have encourage the secretary to put a blurb in our newsletter in the hopes first it will at the least sell some magazines and secondly maybe increase membership. Of course I am also proud to say I have an article in this issue though no one other than myself cared in the store, but hey that is alright we are all not money nuts. So might I suggest you encourage those responsible for your local newsletter to get the word out and check your local B&N to see if it is on the shelf. Granted you may already have the magazine so do not make it a wasted trip grab a eggnog latte in the coffee shop and people watch a bit.

23 Oct 2019

My bank, NOT YOURS....i wish

Collecting Tips | 1943penny

I have a friend who also collects coins and I showed himbasically how to roll hunt(BAD IDEA)a few days later I go to the bank and ask for a box of pennies and they say they are out of themI wonder why as the last time I went there they had at least 5 of em so I go and ask my friend if he got any and he says;"yeah, I got all of there boxes"I go "In pennies?""nope, dimes,quarters, you know!"so no more boxes hmmmm....I have to wait for a while now while they replenish them and I also asked him how much it cost him and he says;about $1K ($1,000) they must of had a few quarter boxes!so now I have to find a different bank and try to tell him coin roll hunting is a waste of time(good luck with that)so lesson learned either dont tell someone about coin roll hunting or tell them your bank does not have any rolls!(-: 1943penny thanks!

07 Oct 2019

Numismatic book reviews.

Collecting Tips | JudeA

I noticed when I went on the ANA member blog that 3 people had done reviews of the same 4 books. The books were,A Kids Guide to Collecting Coins by Arlyn G. Sieber,Coin Collecting for Kids by Steve Otfinoski,A Guide Book of United States Coins 2019 by RS Yeoman, andThe Coin Collector’s Survival Manual The 7th Edition by Scott A. Travers. I think this might have been one YN that wanted to get lots of YN dollars, so he made multiple accounts to different addresses. It might have also been some of a YN's friends. This isn't why the ANA does the YN dollars program. They do it so YN's can learn, while having an opportunity to get cool coins. Sam, if you see this blog, please look in to these blogs, and if they are by the same person please do not reward YN dollars to these people. Thank you all YN's who actually do the YN dollars program correctly.

27 Sep 2019

How I became a collector.

Collecting Tips | JudeA

This story is on how I became a collector. My Grandma and Grandpa were taking me and my siblings to an antiques show. I was excited because I was hoping that we would get to see some Pokemon there! That's right, we were huge Pokemon collectors back then. I still remember when I discovered that the Charizard I got from my Dad's binder was worth about $50! We got there, I didn't see any Pokemon, but I found a much greater treasure. I was looking at a table with pocket knives when I saw that the table had about 5 or 6 different coins in the case. I looked at them, and finally chose to buy a 1912 D wheat cent, and a 1939 D mercury dime with brilliant luster! As I was walking back to the car a gentleman gave me a piece of advice that all collectors should follow, "Don't touch the coin, only hold it by it's edges. I never did take the coins out of the 2x2 they were contained in, and to this day, both of them are still in my collection. When we got back to their house, I remembered that they had a huge coin jar upstairs, I went up, dumped out the coin jar, and started looking through all the coins, seeing if I could find some old coins. I found 4 wheat cents that day, which became the start of my wheat cent collection. Later, as all my siblings were searching through the coin jar, one exclaimed, "I found a penny from 1904!" We went over and, sure enough, there was a Indian Head penny, dated 1904. We searched up how much it was worth, and google told us it was worth, $10,000 to $15,000. To make a long story short, we freaked out. Grandpa did some more research and discovered that that value was only for a proof (We didn't know what a proof was back then) and that the coin would only be worth about $5. Still, a penny worth $5 is a big profit, and we got the coin craze. I found probably 3 more wheat cents, before falling into a coin collecting slump. One Sunday, we were driving down the road, when we saw a sign that said, "Phil's Coins!" We NEEDED to go there. We begged and begged our parents until they told us that we could go to Phil's Coins. We drove there, and my mind was blown. There was more coins than I ever thought possible! I marveled over the brilliant uncirculated Morgan's, and over the 1909 S VDB. I ended up buying a 1909 VDB, and a bulk sack of wheat cents. At that time I had checked out the Red Book 2017 edition from our local library, and was getting the general idea of what coin prices were. We went again, and at that time I was working on a set of semi-key date Lincoln cents. I saw a flyer for a coin show, and we convinced our parents, once again, to take us there. We got there, and we were ecstatic. There was coins everywhere! I had about $50 to spend and ended up spending all of it. I spent part of it on a 1924 D semi-key date Lincoln Cent, I also bought 2 Lincoln Bicentennial coins, which became the start of my Lincoln Bicentennial collection, of which I am proud to say has 10 of every of the 4 reverse designs picked from circulation. We then fell into another, longer, collecting slump. Then, this summer our family decided to go to Colorado for a summer vacation. I asked if we could go to the ANA Money Museum and they said that we could. We got there and spent a good 2 hours looking at the exhibits. For any of you who haven't been there, I highly recommend going, it is packed with Numismatic anything! I got home and sent in the YN dollar request for going there. I also started doing blogs on this website to get YN dollars for the YN auction. The last week before the auction I think I earned something like YN110? I did the YN auction and had a blast, it still amazes me how many YN's are active in this kind of stuff. I have did a talk at my school about Numismatics, and two of my classmates are going to do the coins for A's program! One of my friends is actively searching his coins for oldies, and has a collection going! I also keep getting ideas from bloggers on this website! All of you are amazing, and I hope you continue to share your ideas and thoughts! Happy hunting!


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