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31 May 2020

Horrid Coinage Fails Part 1- The Susan B. Anthony Dollar

Coins | coinfodder

Some coins can earn the endearment of others. Buffalo Nickels, Liberty Walkers, just to name a few. But some hit the gong dead flat, in style and in practicality. Now, please, David Ryder, don't try to sue me just because a made a horrid review of a coin. This is just my opinion. Before I continue, please suggest more horrid coinage fails, for practicality or design, in the comments down below.In 1977, the U.S. is already planning a overhaul of the 6 years young Eisenhower Dollar. Their reasoning was to lighten the dollar (the Eisenhower's were 38.2 mm), and to eventually replace the dollar bill once the coins "took off".Frank Gasparro, chief engraver at the US Mint (RIP, coin design is not the same) was tapped to create the design for the new dollar. What came out was a pretty coin, seemingly bringing back the liberty cap, which had been absent since the Weinman Coins bowed out of mintage since 1945 and 1946.But like all good design, it was meant to become one thing- a pattern, with a full blown out Judd number. So, the Mint told Gasparro to make another coin. What came out was the Susan B. Anthony dollar.Once the design was approved, the massive ad campaign began. The US Government poured millions into the advertising campaign, some of which are shown below in the pictures. And on July 2nd, 1979, the SBA dollars were finally released, supplanted the Eisenhower Dollar, and took a total nosedive.Although the government aggressively pedaled the coin, several factors pedaled the coin to extinction. One, the public already had the $1 Bill. Why would the public bother to use a coin that they already had a lighter alternate for? And they already had a dollar coin that was good enough- the Eisenhower Dollar.Two, the dollar looked like a quarter to the casual consumer. The two coins were very much similar in diameter and in color, leading many people to mislead the two coins.So, this coin flopped and was canned, only to be brought back in 1999 to prepare the country for the Sacajawea Dollar.Overall, the coin was a combo of bad judgement and overconfidence. That is why this lands on the hall of horrid coinage fails. Comment more suggestions in the comment section below, or write your memories with the dollar. Thanks, and we'll be back.

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29 May 2020

Liquidating your Collection- Part 2 of the Estate Series of Blog Posts

Coins | coinfodder

CLICK READ MORE TO READ IN RIGHT FORMAT

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28 May 2020

When the Bell Tolls...

Coins | coinfodder

So you've collected a giant collection of coins like I mentioned in the last blog post I did on May 17th. Well, it may bring you joy now, but eventually, your time will come (I'm talking literally, so please don't talk religion in the comments section, please). So what are you going to do with your collection? Give it to your kids, sell it to a company, or donate it? The possibilities are endless.1. DonationThis is what Harry Bass did after he died in 1997- The ANA received his collection from the Bass Family, built a exhibit for it, and now it is the showcase of the ANA Money Museum in Colorado Springs. Only thing was, his family got no money out of this. So if you want money...2. SellThis is where things get more complicated. With donation, you specify in your will where your collection is going to go, and thats that. No other hassle. But when it comes to selling, many dealers and companies alike purchase coins, all offering you a different price. To get the best price, don't be the guy who is swayed by a coin company and is cheated out. Also, don't look TOO desperate to sell. This means companies will take advantage of your desperation, meaning they will offer a lower price. Consult "Cash Your Coins" by Beth Deisher, for information.3. Your kidsYes, I said it. The kids we spend a fortune one, and yet we love them. But which one to give it too, my o my! Lets say we have three kids. Kid 1 loves coins and collects with you, 2 has a partial interest in coins, and 3 has none, yet is in rough shape financially. In this case, sell part, give 3 liquid funds, and divide the coins and remainder of the funds among the others.It can be complicated. No one strategy is perfect cookie cutter for all. Choose the plan that best fits your family.

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17 May 2020

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

Collecting Tips | coinfodder

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.

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17 May 2020

V75 Privy Mark Coins- Worth Waiting Through a Mint Website Crash?

Coins-United States | coinfodder

So the US Mint as just announced a Gold and a Silver Eagle with a privy mark in the shape of the pool at the WWII Memorial in D.C. YouTube and other coin discussion forums have blown up about this coin, especially the gold, WITH A MINTAGE OF JUST 1945 (homage to end of WWII).However, there are still many unknowns about the coins, especially after last years 2019-S Reverse Proof Fiasco. "Will the site crash again?" "Will the mint give preference to dealers instead of collectors?" "Will there be a crazy aftermarket for these two coins?"Gold, I say yes. With the Gold Bullion programs lowest mintage, the coin is likely be gone faster than the 2018-W Palladium Eagle, which sold out at the mint in about 5 minutes. The aftermarket (yes, I'm looking at you, Ebay) will be clamoring for any coin they can get their hands on. NGC and PCGS will go crazy also, providing crazy certification options, COA certification, and more.Silver, on the other hand, no. There will be another quick sellout, but the mint doubled the mintage compared to last years 2019-S. The aftermarket is probably going to be less crazy as there are more coins to meet demand.According to the U.S. Mint's product schedule, the coin is set to come out about the same time last years fiasco started- November.Good Luck.

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09 May 2020

Mega Red 6th Edition Coming Soon!

ANA Library | coinfodder

Hey guys.The 6th edition of the deluxe version of Mega Red is coming to use in just several days. May 19th, 2020 is expected to be the release day of the 6th edition of the deluxe edition of the Red Book.So, what's new in this edition for readers, hobbyists, and dealers? The book contains the usual 12 grade price guide and the comprehensive auction record. This year, is the year for half dollar specialists. This year, Mega Red is covering the half dollar in depth, from the Flowing Hair to the Kennedy.Also, a majority of the appendixes that are being put out are based on half dollars, which can make for some interesting reading.Other new releases include Roger Burdette's "A Guide Book to Peace Dollars", the 4th Peace Dollar installment in the Bowers Series. The 2021 Blue Books are also on sale too.Mega Red 6th- MSRP $49.99A Guide Book to Peace Dollars- MSRP $19.992021 Blue Books- $12.95-$14.95

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