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What I Learned By Appraising My Grandmother's Collection

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 Posted 09/30/2013  6:04 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Excellent article. Your description of your aunts and uncles sorting through coins at the behest of your grandparents reminds me of when I did that with my dad. When my son was younger, we did that as well. Now he just watches me asking how much we can spend (tweenagers!).

Yes, that first coin is magical. Thank you for sharing such a personal story.
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 Posted 09/30/2013  7:48 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list
Great read, Charles. What I'd like to know if you would consider this a hoard because a collection usually is formed by careful consideration of purchases one coin at a time with an eye towards completion of a set or quality, after some research, whereas your grandmother collected based on appealed to her, either the coin's appearance or packaging state. She started buying modern coins at a time when classic gold was legal to own again (& cheap) and many, many rare classic coins were fractions of what they cost today. It's interesting how she knew of the RedBook, but did not use the contents to her advantage. It's a good wake up call to every collector to catalog what they have for their heirs.
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 Posted 09/30/2013  8:06 pm  Show Profile   Bookmark this reply Add cc99999 to your friends list
My grandmother had one gold coin, the 1984 ten proof that was part of the gold and silver olympic set. They didn't make enough money to buy gold with any consistency, so I think she just avoided it. she did appear to buy some circulated Barber quarters and halves from mail order companies, but the majority of her collection was built with the type of material a collector new to the hobby would create. she followed what the mint offered and what was possible.

she had many commemoratives of the modern period, but amazingly didn't have any of the scarcer ones- I find that amazing and curious.

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 Posted 09/30/2013  8:54 pm  Show Profile   Check RK55's eBay Listings Bookmark this reply Add RK55 to your friends list
Very nice article. thanks for sharing.
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 Posted 09/30/2013  8:59 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list
CC99999,
Your grandmother Ruth left you a gem coin: that of the love of collecting. There is much wisdom
and more than a tad of sadness in your article. Thank you for sharing.

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 Posted 09/30/2013  10:37 pm  Show Profile   Bookmark this reply Add Fatman to your friends list
I love this thread because like so many of your stories it has brought back many memories for me also. My grandfather who died before I was born made my uncle promise to give all of his future grandchildren a Morgan silver dollar. This is why they are the bulk of my collection today.

Thanks everyone for the memories of that.
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 Posted 10/01/2013  01:48 am  Show Profile   Bookmark this reply Add sirdizzy to your friends list
I found that article very interesting. I think she fell into the trap the mint has and bought modern coins that just don't have much appeal or value to collectors but that are sold at a premium. They look nice though and come in nice packaging but they are over priced and plummet quickly. Even the commemorative dollars are tied to the price of silver at any given day as they are struck so well nowdays most modern commemorative dollars are going to be in a high grade straight from the mint. I admit to buying my little boy a proof set for the year he was born and I will buy the new baby one from this year but I am also building them 20th century type sets (sure the sets will likely be only worth several hundred dollars but are a fun to look at and have some collectibility).

I think we all collect what we like I love different designs so I gravitate towards type sets or commemorative halves and dollars with all the designs available. I have done a franklin set in the past and tried my hand at other sets but almost always seem to gravitate towards variety and type sets. I have a Statehood Quarter P&D set I mean I love the different designs but that thing is probably just barely worth more than face value but I like the set even if its not worth much. Same with the Presidential dollar set I have been putting together and the Sacagawea set because I fell in love with the Native American reverses.

I started collecting silver rounds because I liked silver and then moved to Franklins before finding my love the type set.
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 Posted 10/01/2013  06:42 am  Show Profile   Bookmark this reply Add jardins to your friends list
Great read, thanks for putting it up!!
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 Posted 10/01/2013  3:40 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
She was a looker, that's for sure. I think you have to factor in the fact this was pre Internet also.

My grandmother collected Morgan's and the one she left me is priceless. She never failed to pull all of her coins out of her dresser no matter how many times I asked.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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 Posted 10/01/2013  4:46 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list
52Raymo,
This is the kind of post I love to read. A relative who was generous with TIME in encouraging
a young collector. Sadly, too few old timers did this.
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 Posted 10/01/2013  5:45 pm  Show Profile   Bookmark this reply Add upstate to your friends list
I enjoyed the article, sounds like a very nice Grandmother and a nice family along with it. You very lucky to have all the blessings which go with being a part of a quality family.
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 Posted 10/01/2013  8:27 pm  Show Profile   Bookmark this reply Add M0nks to your friends list
charles I always enjoy reading your articles keep it up!!
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 Posted 10/01/2013  8:40 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
Very lovely read Charles ... your grandmother left you the gift of collecting.

Thanks for sharing the story.

David
Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 10/02/2013  10:53 am  Show Profile   Bookmark this reply Add mfhorn to your friends list

Quote:
A relative who was generous with TIME in encouraging
a young collector.


Yes, but sadly, most young people have no interest in this type of collecting.

Great article Charles, especially where she lived. PM sent.
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 Posted 10/05/2013  12:16 am  Show Profile   Bookmark this reply Add Kurrykid to your friends list
Great article. Thanks for sharing your story with us!
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