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24 Feb 2021

NGC vs PCGS vs ANACS

Coins | coinfodder

It’s time for (drumroll please), the battle of the Acronyms!!!

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22 Jun 2020

Horrid Coinage Fails Part 4- The Twenty Cent Piece

Coins | coinfodder

Back to the coinage fails before we continue along with our WWII series.The Twenty Cent Piece was conceived by the newly elected senator from Nevada, John P. Jones. He was a Republican with ties to the silver miners that dotted Nevada. He believed the Twenty center would help to alleviate the current change shortage in the west. Oh, and yes, he wanted to give the silver miners in Nevada someone and some coin to sell to, since the dollar (not trade) had not been made since 1873. He would be creating a win-win- A profit for the miners and more change for the West. It was anticipated to be a success.

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05 Jun 2020

Something Cool...

Coins | coinfodder

Here is some cool fodder to look at.Go to govtrack.org and type in "Coins" into the search bar.There, you can find House and Senate resolutions to create commemorative coins for a certain topic. FOR FREE.Right now I am looking a senate resolution by Tim Scott and Cory Booker to create a coin that will celebrate the 75th anniversary of the intergration of MLB if passed. You can also look at the likelyhood that the coin will pass Congress.

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04 Jun 2020

Finally...

Coins | coinfodder

Today is the day.Finally, several months after the predicted day of the release of the 2020 National Basketball Hall of Fame Coins, today the coins finally come out at noon today.Obviously, you can buy them straight from the US Mint, but certification offers are wide and complex.PCGS is offering a special label for any coins that reach their headquarters in Santa Ana, California. Also, you can recieve an special orange colored box with every ceritification.NGC, on the other hand, is offering an entire suite of coins label and certification options. You can opt for the traditional brown and early release labels, or special labels, including a brand new core.Overall, you have many options to choose from. Good luck.O', and you can also start sending in your basketball coins to certify now.

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01 Jun 2020

Horrid Coinage Fails Part 2- Anything Made By Charles Barber

Coins | coinfodder

NOTE: INDIAN HEAD PENNY IN PHOTO DESIGNED BY JAMES B LONGACRENow, today, these coins are considered greats (I think they are cool) and are collected widely. But 100 years ago, these coins were massive fails. America wanted a cool design. There was a lot of bad press at this coin. Again, please type other bad coins in your opinion and I'll cover them on a later post.In 1892, the Liberty Seated design had been a mainstay since, lets say, a kid from 1892 would know a grandparent who was still a kid when these came out. They were standing the test of time, showing the freedom that America had won in the classic liberty cap hanging on the post.Charles Barber and Benjamin Harrison, the president at the time, commissioned a small group to create new motifs for the dime, quarter, and the half. Barber rejected them all and began to create his own. Now, keep in mind, that the design for the Liberty Nickel he created that debuted in 1883 had garnered bad press. But, he trudged on with it, creating a worse design (In 1892's mindset) than the group they commissioned. But the coin went out into the public anyways.Instantly, the coin garnered horrible press. The ANS begged and petitioned to can the coins and Barber as chief engraver. America hated the coins as a whole, but used them anyway, unlike the SBA dollar I mentioned in the last issue.In 1915 and 1916, US Mint director Charles Woodley announced changes to the Barber suite, having replaced the nickel in 1913 with the buffalo nickel. Barber made a last ditch attempt to create new designs, but was struck down early. He died in 1917, as Adolph Weinman and Hermon Macneil's motifs took over and became some of the most loved coins of all time.So, that is why this coin was a fail. See you next time, comment suggestions down below, and in the meantime, enjoy horrid coinage fails part 2.PS- How to you change from my default name to a cool name like Mike B?

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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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24 Mar 2020

Should I Collect or Sell Bullion during the period of COVID-19?

Coins | coinfodder

With the lowering cost of bullion lately because of COVID-19, many people are flocking to the US Mint and dealer to collect tons of bullion. As of 3/24/2020, the price of silver is$13.69, and the price of gold is$1,567.55. These are some lows for silver, and it is pretty low for gold. So, should I buy bullion during this time?PRO- Low CostJust like the stock market, the rule with precious metals is to buy low and sell at a profit. Now would be a great time to invest in some ASE's or Gold Eagles. Also, collectors for circulation coins like Morgan or Peace dollars could benefit from the low price of silver right now.CON- UncertaintyWhen COVID-19 deaths seemed to level off in late February, the prices seem to stabilize and rise a little. But after the huge spike of fatalities from COVID, the prices plunged even further. Now would not be a good time to sell Franklin Mint Medals, as they are only worth the cost of the silver contained inside of them. Sellers may want to be cautious selling, as another death spike (743 dead in Italy today) could set silver and gold prices down even further.WHATS THE CALL?If you are not worried about the fluctuations in the market, by all means, buy some bullion. But if you are a seller, DON"T DO IT. If you've already made a serious move to sell to someone, you're going to lose quite a bit of money.

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