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The Indiana State Numismatic Association always has an annual state show to promote the hobby. Little did I know one day I’d help remake it.
I created a new thread on the ANA Forum For YN's to talk. Click on the link below to get in on the conversation!
Numismatic Story I'll Never Forget Part 2:
We all know the failure of the 2018 reverse proof set right? Over hyped just to fall to mediocrity. Well I bought 5 sets and what transpired afterwards was a moment to remember for a long, long time. For awhile I debated whether to give you guys a boring graph showing you some research and numbers and give you the short story on my experience with the reverse proof sets. Instead, I decided to bring you through a bit of that 11 day action that was an unforgettable experience for me. Enjoy.
There were moments that I showed in last weeks article that were amazing, but what about giving some of them names? Names like the bid, the yep, the tweet (you read that right) and more are included in this ANA's YN Auction Hall Of Fame article. So enjoy.
So we know how The Red Book by the famous numismatic author R.S. Yeoman is a great numismatic reference guide, to an extent. If you want a basic range of the value of coins, then this is a really great tool. But if you want the most recent values then you really need some other things in which I will get to soon. I say that this a great book is for beginners. The first Red Book I ever had was a 2012 Red Book. I loved that book, I learned stuff like how there were half dimes and 3 cent pieces and that there used to be a mint in Dahlonega, Georgia. Fun times. But now I realize that the Red Book is not the best tool to use when evaluating the value of coins for some reasons that I have below:
So we know the Red-Book is the #1 book you need to give a new collector, but what about another book? Reading up is always a good option, even though some may say its out of date. Here today I present to you the second book a new collector must read in order to be successful in the hobby. This book is written by Neil Berman, a professional rare coin dealer and Ron Guth, the president of PCGS. The book starts out with an important decision most coin collectors have made at the beginning of their numismatic journey. World, U.S., or Ancient coins? Those are the three main subdivisions of coin collecting. I personally chose U.S. coins, but that doesn't mean down the road I can dabble in some world coins. It is generally a good idea though at the beginning of one's numismatic journey to slim down their options to stay more focused. The book later shows how to make heads and tails of price guides (No Pun Intended), finding a good coin dealer, looking at gold coins when the time is right and finally selling coins yourself when you are a more experienced numismatist. I would not recommend this book to more advanced coin collectors unless you are getting it as a gift for a newer coin collector. So when you're going to pick up that 2019 Red Book for that new collector in your life, remember to pick up this book too.
So I was wondering what the guidelines for an educational numismatic video would be to earn YN dollars. I was thinking that the ANA's YN program could institute a minimal length requirement of a video to 5 or 10 minutes, depending on their preferences. Also, I thought they could review the quality of the videos on a case by case basis so that no low-quality videos are being put out there just to earn YN dollars. As for the amount of YN dollars earned for the educational numismatic videos, I would draw a comparison to the video being like a "numismatic talk to the world" accessible on Money.org and YouTube. That would lead me to suggest a 50 YN dollar amount for each video for reasons below. I have seen some other YN's coin YouTube channels and the numbers were great. Some had hundreds of views and subscribers, but one in particular had over a thousand and on one video had over 14 thousand views! That would be a lot of exposure to the ANA and Money.org as well. Compare hundreds to even thousands of people watching these educational numismatic videos to the small number of active people on the Money.org blog. With that said the ANA should require a ANA promo at the beginning of each video so that you guys are getting that media exposure I'm talking about to hundreds and even thousands of people each video. With extra media exposure from these videos, the 50 YN dollar incentive should be enough to get YN's working hard to make educational, quality, numismatic-related videos for the numismatic community to enjoy.
The auction has been around for 3 years, coming up four this September. It's time to remember the best moments in the ANA's annual YN auction.
The 2017 ANA's YN Auction has finally come to a close and many records and predictions have been met. From a 3,000 YN dollar coin to a 1,400 Red Book signed by Kenneth Bressett, the auction held a few surprises for its bidders. So without further ado here is the first part of my exclusive auction recap:
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