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Discussion in 'Hobby/Travel Forum' started by Squidward, Jan 24, 2012.
I have a small collection, but was mostly in to old US Paper Money (Silver Certs, Nationals, and fractionals). Still have a few but have sold most of my meager collection off in the past few years for obvious reasons. My grandmother used to work at restaurants all her life (tips) and also always bought coins at flea markets over the years. She had a huge collection when she passed away about 10-years ago, I've offered to go through it sometime and catalog everything, but my aunts have it stashed away in a deposit box.
What types do you collect? Welcome to BB by the way :thumbs:
Thanks! I started into currency a few years ago, but that was a totally new area of money I was too lazy to research into.
As far as coins, I've been collecting for 12 years. I had been scatterbrained for much of that time and been a type collector, but I've recently whittled it down to nickels. Trying to make a complete set of nickels from shields to the current. I'll probably never complete it but the hunt and slow building will be fun.
Yes there's a lot of research to it, some get into collecting blocks, and different series, and it all depends on how many were printed, etc. as to their rarity/value. I just always kept it simple and collected what I thought was neat.
Cool, the oldest nickel I have is a lower grade "rackateer nickel" always liked the story behind them.
I'd better quit talking to you about this stuff, or I'll be heading back to Ebay :laugh: It can be obsessive, but it sounds like you have the right gameplan.
LOL eBay pretty much stocks my collection 100%. Nickels are also somewhat cheap depending on the grade except some of the mint-marked Buffaloes from the teens and 20s. Those can go for moon money in higher grades so will some mint-marked liberties and a few of the Shields. I'm either going to have to do some serious saving for those or accept buying in lower grades such as XF.
Being able to grade accurately always seemed to be the key. I think that's why I was more attracted to the currency for some reason, since to me the grading came a bit easier. I never understood the deal with toning on the coins.
Back when I was active, I was burned a few times buying currency on Ebay, where the seller would brighten the scan or even wash the notes. Its always best to have something in hand, but I've never found a local shop that had much of an inventory and would occassionally buy some when traveling, but prices were typical 25% higher or more than Ebay. I did have some good luck occassionally buying lots, when the seller wasn't familar/researched what they had or provided poor quality pictures/scans. I'd keep the nicer notes and could sell the lower grade notes back on Ebay and usually recover my original purchase price. I enjoyed doing this, but shipping and paypal fees are such a hassle. And I got burned once when a buyer claimed they didn't get their item, and I had to refund their payment. (Paypal didn't care that they had a "history" of getting packages lost).
As for coins though, like you say if they are slabbed the prices can get outrageous. If I buy anymore, probably just buy in lower grades so I can have a wider variety. The upside won't be as high, but you can still easily sell them if necessary.
True, one nice thing about coins and currency is, if you sell, there is always someone else wanting what you have and you can usually get your money back.
Toned coins on ebay are deceiving. Many sellers really juice up the photos. Especially disappointing is getting toned copper in hand. The photo on ebay looks amazing with all kinds of colors that you only find in the box of 64 crayons, but when you get it in hand, the things are more dingy brown and you have to turn the coin in angles in the right light to pull out the colors. I do like that nickels have really nice color even in hand.
I really loved the educationalnotes of 1896 and wanted to buy one, but they're also moon money in any grade higher than a worn out rag. I had one note (forgot which one) that had a long inscription on the reverse that said that anyone convicted of counterfeiting the note would be subject to like 15 years hard labor. :tonofbricks:
Has anyone ever seen an actual three-legged Buffalo nickel(not the ones that people sanded the fourth leg off, to try to rip someone off), or a copper penny from 1943-45? All the pennies from 1943-45 were called steel cents, because they were made with nickel and not copper, due to WWII. I know that a copper penny from that time is rare, and I think the # of them to be actually known is around 10, maybe even less than that.
My father and I shared a love of coin collecting an he told me that he got a couple of 3-legged Buffalo nickels in a handful of shiny new nickels when he was a kid. He was collecting for his paper route and sorting out the change (he liked to keep the shiny coins and turn in the dingy coins to the newspaper people) when he noticed that two of his shiny new nickels looked strange. He compared them an noticed some slight differences, the biggest of which was that the buffalo was missing one of its front legs.
He put those two nickels aside for several months but eventually decided that he had things he needed to buy (he was about 12 at the time) and spent them.
He mentally kicked himself the rest of his life once he realized his shortsighted mistake. :BangHead:
Regarding nickels, one of my prize coins is a 1950-D Jefferson nickel in about MS-65 quality with full steps and a beautiful rainbow luster. When I bought the nickel from a coin shop back in the late 1970s, I complained about the luster, viewing it as an imperfection. I wanted coins to be very bright and shiny looking. I managed to get the dealer to take about $5 off the price to make the sale --> $10.
I haven't had it professionally graded, but it looks better than the MS-66 coin shown online.
Have a great interest in Roman coins, particularly those coined (heheh) by generals to pay the troops.
Late Roman Empire/Byzantine period coins are amazing as well.
There is a really cool dolphin coin I must research up on, having seen one but forgotten the details of....
Hey. I have seen 3 legged Buffalos. They'll cost you several hundred for low end grades and several thousand for high end grades. It's worth the extra money to buy one of these certified by a reputable company as these are commonly faked. The steel cents were actually only made in 1943 and a copper 1943 recently sold for moon money at auction.
I've really thought about branching out into this area, mostly coins of the Bible such as the tribute denarius. Also a denarius with Nero's image and drachmas. I already have a couple beat up widow's mites (forgot the true name of them). There is a pretty cool book called "Coins of the Bible" that can be had for pretty cheap on ebay.
This is the coin that Jesus was using as an example when he said to "render unto Caesar." Granted, this is Augustus on the coin but, if my information is correct, Augustus' image remained on the denarius through Tiberius' reign.