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Pillar of the Community
United States
2254 Posts |
quote:
Show me a 150-year-old coin that's missing all its' reeds
That's exactly what I was thinking. I have older coins that are almost unrecognizable, but there' still reeding on the edge. If the depth of the lettering is equal to the height of the reeds, I would say that it will take much longer for the lettering to wear off than the face of the coin. As collectors we may touch the edge more, but I think in normal circulation the faces get touched 100 times as much as the edge. Just think about paying for something with a quarter in a store. You don't hand it to someone by the edge, they don't grab it by the edge when they drop it into the register, and they don't pick it back out of the register by the edges. It also doesn't rub the edges when they "slide" it back out of the drawer with their index finger!! |
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Pillar Of The Community
3147 Posts |
I am with SuperDave and gxseries on this one. First, and foremost on my mind, is MOST collectors only touch a coin, even if it is on the edge, ONE TIME before placing it in a protective holder. Minimal damage, if any, will occur from that. A coin that does have edge lettering, regardless of its country or origin, with heavy damage or a smooth edge, will be avoided by most collectors so wherein lies the problem? I always try to purchase the best possible coin with the highest grade I can afford, unless it is a key date. Many keys involve just FINDING one, purchasing it, regardless of condition as I can always hope for an update later in my life if the opportunity should come to me. The last of my worries on this bland, lack of artistic beauty, Presidential dollar series would be the edge as years from now they will be worth exactly what they are worth right now! NOTHING in value to the world collectors but a MINT TO THE MINT! The only positives I see is the mere fact it is a new series to collect, which is in its self fun, and an opportunity for NEW collectors to climb on board the numismatics hobby. I think we all need to quit worrying about these new coins as any kind of investment and look at them as another opportunity to collect and MOST importantly ENJOY what you are doing as they don't offer the stress involved with SERIOUS collections but do offer some CHEAP fun! I met a new collector just yesterday at my local coin shop. He was entering his THIRD week of his collecting career. We talked and a few customers offered advice to this young man (probably mid-20s) and every bit of the advice was different? Imagine that? I told him to stick with it and to collect what ever his heart desires. Its his collection and if he finds happiness in what he is collecting it can get NO better than that! |
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Valued Member
Ireland
498 Posts |
RECALL,RECALL,RECALL the new dollar with no inscription,or order the bank and other financial institution to surrender the one dollar with no edge lettering to the public also surrender and melted but to the collector I dont know,
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Valued Member
United States
70 Posts |
I would think the face would wear before the edge. The edges will probably get pretty nicked up and it might be difficult to read the date and mint mark. I agree with littleboy and Susanlynn9 that the mint mark should have been somewhere other than the edge. Once they're in a album you can't tell what it is. I have some rolls of P and D and I had to write the mint mark on the outside of the roll so I don't get them mixed up.
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Valued Member
Ireland
498 Posts |
Can do it on obverse and on the edge but the mint mark is on the obverse for now their is things to see especially for variety and others like if the mintmark will worn fast or not, if the grade obverse also may determined the state of mint mark.
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Pillar of the Community
United States
2273 Posts |
There's no simple answer because it depends on the design of the coin and the the individual strike and usage of the coin. Some designs wear very quickly like the dates on buffalos and Standing Liberty quarters. Wear starts at the high points and wears down. Since coins normally fall obliquely to the counter surfaces or other coins they will tend to accumulate their wear on the rims more than the central design and the coin becomes increasingly convex through use. Edges are usually protected in some small degree since so much wear is from sliding on their faces. They are subjected to more abrasive wear from higher speed collisions but have far fewer collisions. As a rule the edges will wear far more slowly than rims or interior design. It's truly remarkable that anyone should be concerned about such things. At least with the motto on the edge it can't as easily be rendered into more offensive statements like "In God We Rust" by clips and other mint errors. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2269 Posts |
Lets face it, the edge won't wear off. They will need to be heavily circulated for the edge to wear. I have yet to see one in circulation.
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Pillar of the Community
United States
1582 Posts |
I checked mine for the mint mark, and put them in a marked flips where they'll stay until I have enough in the series to warrant buying an album for them.
As for knowing what they are in the album, I would assume Dansco will mark the slots just the same as all their other albums, so, when the coin is in place, there should be no difficulty in determining what mint it came from.
I'm sure many others are the same as me in that once I place a coin in an album, it stays there, so wear on the edge or face is not an issue.
Ralph
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Pillar of the Community
United States
7123 Posts |
I think the question is more directed toward the masses,, In my opinion the edge lettering will not be a problem on a great percentage of the coins, sure some will be damaged and the MM or Motto may lose some of its legibility,, but for the vast majority of the coins this will not be the problem.
If a test was really wanted Vegas would be the place to test the edges of the coin, I live in an area with a small tribal casino ,, many of the coins in circualtion here have spent some time in the machines, the reeding is worn smooth while the larger surfaces are marked and at times heavily marked and dinged the details are often well above the EF and even into the AU range overall.
I think that in general everyday use the edge lettering will remain intact and readable for many years to come ,,Just as many edge lettered coins which have come before them.
As a personal preference I would have liked the date and Mint mark to be on the obverse of the coin and maybe something a bit more meaningful to the design on the edge of the coin.
Metalman
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Valued Member
Ireland
498 Posts |
For me this thread is somewhat a pulse on the new dollar after it was minted for the mint can change their design for the hobby their in US is very robust that they have somewhat a clout to change the design a make or break of a new coin release.
I dont know maybe this thread can be a discussion and a poll in both form to also find the pulse of collector base in US.
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Pillar of the Community
United States
834 Posts |
I do not think there is any reason to worry or torment yourself over whether or not the obverse, reverse or edge of this coin will be damaged by wear.That is because in my opinion this coin will never make it in circulation this coin will be hoarded and you will be lucky if you even find one in circulation in a year or two. Now that said if this coins every shows a sign of wear I believe it will be in the high points of the obverse at least that is the way it seems to me.
Bruce.
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Rest in Peace
United States
3730 Posts |
My problem with the edge lettering is being able to see it. I have had some eye problems in recent years, and it's tough for me to make out what's on the edge.
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Valued Member
Ireland
498 Posts |
I dont know about the edge lettering but it will create a new error or variety its up to the collector in US ,Now I'm use in having seeing the lettering on the obverse or reverse if it goes to the edge it will be another challenge,I guess to the follower of presedential dollar and others that will follow in the future.
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Valued Member
United States
342 Posts |
It depends on how the coin is used. Ever seen a Kennedy half dollar thats seen duty in Los Vegas? The reeded edges are totally flattened. |
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Bedrock of the Community
United States
20753 Posts |
I really don't think there is any doubt that the flat part of a coin wears extensively compared to the edges. I've seen thousands and thousands of coins with extensive wear on the flat parts but very little on the edges. Many half dollars were used extensively in Las Vegas and the surface looks like someone ground them in a sand blaster machine but the edges still were OK. Coins on the flat service wear in pants pockets, slidding along the top of a bar, the ground, etc. As to the writting on the edge of the new dollar coin it will be there for a million years since no one will be using them any more than they use the others that have been made since those silly Susan B. Anthony things.
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Posted 03/04/2007 08:54 am
