18 Jun 2018

Why Do We Collect Coins,Tokens and Medals

Coins | Mike Burns

Hi everyone. I had decided to write this blog a long time ago. Why do we do what we do. Some inherit a collection some it grabs there interest and some have found the fun and the enjoyment it brings. It can be frustrating and sometimes get you so upset you want to give it up. But don't. Stick with it. After a while it will engulf you. You find yourself looking at coins in the street and in change. To think a hobby can make you do that there must be something special to it. There is. Is it the value the metals the age the history the collectors who owned it before you yes it's all these things and more. The satisfaction of putting a set together nothing like it. What a great feeling. Then you find a place were alot of people collect just like you. A club the ANA that's right the ANA. Can't think of a better place to be were you can share your knowledge of coins with others. You find out that many have the same coins you do and many don't. . We're there is good there is bad. It's part of life and we have to learn to accept it. Three line blogs. There expected from yn's. There learning and taking a big step. Then those who decide to follow everyone and do nothing else. Learn to live with it stay away. We're here to help others and learn about the greatest hobby in the world. Then we have those who join and do nothing try and follow them maybe they will follow you back and you have friend. Point mongers. I hate points everyone knows it. I don't have a hundred friends but sixty great ones. I don't follow thousands or hundreds of people but ninety great ones. Search out the active collectors leave a comment on there blog. I read the comments on other blogs and learn from them. Stick with those who try and help you who give suggestions to you. Do this and one day you will be the proud owner of a great collection. What is a great collection? It's doesn't mean it's worth millions or even thousands. It's what your happy with. You coins your sets. That's a great collection not what anyone else owns what you own. You can always add to it or sell it whatever you want to do. Treat your coins right they will give you enjoyment you never knew. So collect what you like. Yes this is a fun hobby but this is also a serious site. Treat it like a teacher and it will give you the answers twenty-four years I'm still learning. Never copied an article word for word from a book never abused the site. What happens if we lose it. Think about that. So enjoy write collect look for special coins fill books just have fun. And you will reap the rewards. With enjoyment. Take care and have fun. I have and still am having fun . Mike.

17 Jun 2018

The Fall of Numismatics

Coins | user_37612

The fall of Numismatics through young collectors is very prominent. Throughout the school year, my classmates were perplexed by how I was spending money, on money. Time after time I would explain to them it's not how I look at it,I'm buying history. Along with that history coins were actually intrinsically valuable back then. A few classmates I did, however, turn into numismatics. They're not very good at it yet, but that comes with experience. I think the reason this generation is not lobbying anymore is the rise of technology. Why would you want to spend time looking at some old crap when you look at a tiny screen instead? Although technology has made great advancements in the hobby. Along with the phone problem, coins aren't made of anything intrinsically useful anymore. Pennies are now just copper coated, and they wear very easily, and also spot very easily. Nickels are about the only unchanged comp. since WWII. I'm trying my hardest to get more young people to collect so the hobby is still around in a hundred years.

16 Jun 2018

Numismatics Numerous Appeals

Coins | Liberty walking half

Numismatics is a great hobby. One major reason for this is that there are many different ways the hobby piques the interest of the mind. What I mean is, essentially, that there are numerous ways the hobby can be found interesting. Among these are art, history, and geography.

16 Jun 2018

Destroyed History

Coins | user_37612

Recently I was walking through a clock shop which advertised the sale of silver. I was not expecting much, but there was still that little hope inside of me that someone would have stupid cheap examples of fine coins. As I thought, the store was not anything to write home about, but when I came across a dazzling example of an 1873 seated liberty dollar, I was ecstatic. Until I saw the hole drilled through the top in order for the designer to place a diamond in it. This destroyed the wonderful piece of history she had been able to acquire, and eradicated the value. In the condition it was in it probably would have graded AU-50, and would have been worth over a thousand dollars. Not only did she ruin this fine example, she was only selling it for a hundred dollars. I've been seeing this a lot more lately. Coins being drilled through, destroying their numismatic value, and then selling the example for less than it would've sold for just the coin. Buffalo nickels and Morgan dollars are the worst,I think, when it comes to this. These seem to be the most popular and most readily available holed coins. Probably because of their curious features and being some of the most American coins ever made. Although the Morgans and Buffalo nickels have been holed, I have seen three cent pieces, two cent pieces, and lots of large cents being destroyed, and being sold with prices accordingly. These countless examples of this type of destruction needs to stop. Just type in on Ebay for coin necklaces and see how many results pop up.. How many people do you think would punch a hole through a document written by the founding fathers? Although it is not quite on that level, coins are still wonderful pieces of history. Maybe the public should be informed more from our school system or government. With the internet the information for her was readily available, yet she did not even try to look. There are special holders for people like this, which hold the coin safely without destroying it, but also holds it in a neat necklace. Although sometimes expensive, it saves that little coin from being a cull. These companies need to market better so this stops happening. I definitely would have bought that dollar for a hundred dollars, had it not been for that hole. Maybe with the help of collectors, teachers, legislators, and history buffs, we can make people change the way they see coins. Not as pretty pieces of money, but as beautiful pieces of history, so maybe one day we can stop destroying history. This is a huge problem, I think.

16 Jun 2018

New auction record for a Liberty Nickel.

Coins-United States | LNCS

During the Heritage Long Beach auction, a 1910 PCGS PR68 Deep Cameo (CAC) realized $84,000. For my records, going back to 2001, this is the highest realized price. The previous high is the $74,750 realized on the Dale Friend 1885 in PCGS MS67 sold in 2006. This is excludes the sale of the 1913 as that is not a regular issued coin. There are some private transactions that also exceed this, but this is for auctions that I have records of. This is a beautiful coin. Will be interesting to see which set this ends up in.

15 Jun 2018

Choosing A Holder

Coins | user_37612

Containers are one of the first things to be purchased by a new collector. As new varieties and brands are appearing on the market, which ones to choose. The most cost efficient way for a beginner to protect their collections is with a 2x2 cardboard coin flip. Costing as low as three cents a piece it is an affordable way to protect your investments. Hard, inert plastic containers give the most protection, but are costly. These containers should be used only if the coin you're protecting is in a high grade, or a rare coin in which a scratch mark could mean a loss of a significant amount of money. Self sealable 2x2 coin flips are probably my least favorite container. Once you put a coin in there, you're never going to be able to hold in your hand again unless you are good with purchasing another one. Along with these problems is the moderate cost for this kind of container. The lowest cost I've seen for these self-sealable containers is forty cents. The most important thing to remember is how the holder fits in your budget, and what kind of coins you are using them for.

15 Jun 2018

The Buffalo Nickel - Great American Symbol

Coins | Mrdavie

I think I read the Buffalo Nickel was issued for the minimum period of time (25 years) and then replaced by the Jefferson Nickel (80 years and still going). The Buffalo Nickel is such a strong image of Americana despite devastation brought on the American Indians and one of their major sources for survival - the Buffalo. The images on the coin are magnificent. I wish the U S Mint would bring them back to the 5 cent piece - to be shared by many who could not invest in the gold Buffalo coins currently available.

15 Jun 2018

Warwickshire Birmingham Kempson D&H 20

Tokens | Mike Burns

Hi everyone . Well we buy what we like. Great saying in this hobby. Well I was browsing an auction and saw the token below I was listening and it said bid on me. So I did. I was the only bidder so I won what I like. It's a token of a lion sleeping in a cave. Around it in Latin and mine is not that good after all these years I believe it says."No One Attacks Me With Impunity'. It was made by Peter Kempson one of the great die sinkers and designers of conder tokens. He was given a wonderful gift. Now it's red brown but I had to lighten it to see the lions head in his mange. When your holding it there's no problem it's clear as a bell. Look at the detail of the cave it's wonderful to look at. The reverse has a chypher of JK. Now I looked up his family tree only to find a couple of P.Kempsons born in the same area at the same time with a father name John and some with a brother named John. I spoke with my friend in England who informed me that this particular token is causing a frenzy. It's a penny and has edge writing and writing in the wreath around the chypher. The edge says I Promise to pay on demand the bearer one penny. It's uncirculated. Now they found out this penny was in the private collection of P. Kempson and the initials could be his father or brother. This could be what's causing the frenzy in England. It's not a rarity it's marked as common. However with the news the value has shot up considerably. You never know what your buying. How many this have I said that? Coins and tokens value change overtime sometimes in a day when new information is found. The words in the wreath and flowers and ribbons say promissory Token Penny. Now a token this old red and brown MS 64 to me is rare enough. But I like it. That can be a problem because I like a lot of coins and tokens,don't forget medals. I didn't think I had enough of information for you to read and men to write. But do your homework it all comes together. Hope you enjoyed this. I will keep you updated on what's going on with this in England take care and buy because you like a coin or token you never know what can happen. Have a great day . Mike. Don't forget click on the pictures! P.S. there is not a mark of any kind on this token that's why conder collectors don't care. The grading companies know this. It's in a slab only for protection. Mike.


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