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Old Timers Please Share Your Coin Collecting Stories And Beginnings

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Pillar of the Community
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 Posted 01/01/2017  02:52 am  Show Profile   Bookmark this reply Add llewellin to your friends list
Dustin, your dad was a national champion powerlifter? That's awesome!
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 Posted 01/01/2017  07:08 am  Show Profile   Bookmark this reply Add smoke1439 to your friends list
Great story Rackster!
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 Posted 01/01/2017  07:24 am  Show Profile   Bookmark this reply Add DrDarryl to your friends list
There is one story I can contribute.

In the early late 70's and early 80's I was a budding collector in Morgan silver dollars while I was in the United States Air Force in Montana.

From my perspective, I was tearing apart the silver dollar collector scene by cherry picking dealers and making a tidy profit.

My cherry picking beginnings started with a conversation with a Montana coin dealer. He advised to purchase a book and study it from cover to cover (of which I did) before purchasing any Morgan silver dollars. The book was Comprehensive Catalog and Encyclopedia of Morgan & Peace dollars, 1st Edition.

I went to back his shop (about a month later) and to test my newly gained knowledge. He got cherry picked by me.

At this dealer and other dealers I was purchasing O/CC, 7/8 tf, and other VAM varieties. I also knew what to look for and also cherry picked high grades Morgans.

At one point, I put my Morgan dollar collection up as collateral to secure a loan to purchase more silver dollars to buy & sell.

I became enamored with proof-like Morgans and drove to Deer Lodge, Montana to visit the coin shop of Dean Tavenner (if you are a silver dollar connoisseur you should recognize his name).

While browsing in his shop, he asked me what I was interested in. I said proof-like silver dollars. I got my lesson of a lifetime from him.

He pulled out a few proof Morgan dollars and told me to examine them. He then pulled out several proof-like Morgan dollars and also examined them.

He then proceeded to give me a lesson on proof-like Morgan dollars: ordinary proof-like and deep mirror proof-like.

He then gave me a tray of proof-like Morgans to select from and buy. I spend a good period of time selecting the choicest and deepest specimens. In all, I purchased ten DMPL with the deepest fields and frostiest devices.

You have to remember that back during this time (late 70s and early 80s) there was no grading and encapsulation services (ANACS was in its infancy for grading certificates only and not used by these dealers). Coins were sold and purchased raw.

I am true believer of buy the book before buying the coin.

Now there is a paradox to this saying. What happens if there is no book for the coin?

Then write the book! http://www.potus-sgm.com/



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 Posted 01/01/2017  08:40 am  Show Profile   Bookmark this reply Add Rackster to your friends list
Thanks smoke - a good point to introduce a thread like this. I like reading the personal histories.

Dr. D - that is great advice. Understanding the paradigm especially in a time prior to grading services illustrates the power of knowledge. I'll add that establishing ones individual inputs, goals and objectives will help them to establish plans and strategies to be successful on whatever level. Reading is essential and CCF members being readers and writers have great potential. One key that I'd like to point out that I think added to your success was that you put yourself in great position; you were reading and learning from masters. Folks here should recognize this; learning from a hack can cause great damage and loss in short order. You did it right so thanks for sharing!
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 Posted 01/01/2017  11:39 am  Show Profile   Bookmark this reply Add Dustin6 to your friends list

Quote:
Dustin6, Your only 14? Holy Moly Batman! Young man you are light years ahead of your time.


Thanks Means a lot!!


Quote:
Dustin, your dad was a national champion powerlifter? That's awesome!


Yes, he was although I try not to talk about it too much, just when it is storytime
Valued Member
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343 Posts
 Posted 01/01/2017  11:44 am  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list
I think you're a smart kid too, just don't think you need to post every thought. I can see how post count equals pride in todays society though.
Rest in Peace
United States
18456 Posts
 Posted 01/01/2017  1:40 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
Ok It's my turn . It all started about June 1963 when my uncle gave me a 1905-O Barber half dollar . wow I never seen a Half like that ,I was intrigued by it . so about a week later I decided to buy my first Red Book and try to find any information on this coin . What caught my eye was the mintage ,it was 505,000 . Compared to a lot of other coins in the 1950's and early 60's this was Barber Half was like having the Holy Grail .
That my friend is how it all started . Roll hunting at any bank was outrages compared to today . I only went for Lincolns and Jefferson's , Dimes ,Quarters and halves didn't faze me at that time because they were still minting silver coins in 63 and 64, so who new to save them ? I remember going into almost any bank and asking the teller if they had any old silver Dollars and most times they had a few in their draws . Again who new to save them , they were more or less a novelty piece .
So anyway to make a long story short ,I quickly branched out with Lincoln's and Jefferson's by the rolls & rolls & rolls ! Then I got cocky and started collecting every denomination from Half Cents to Half Dollars . Getting back to coin stories from the past , I was buying $50 bags of wheat cents for like $70 ,all the silver proof sets I could handle for $2.10 each , and many other numismatic goodies really cheap .
BTW I did have some down time between 1984 and 1992 .
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 Posted 01/01/2017  4:08 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list
My addiction start in the mid-60's when I started a paper route. when we went to collect folks would pay with a lot of change. I noticed that some of the coins looked very strange. indian heads, buffalo's, silver dollars, liberty quarters and half's etc...they were all still in circulation then. I put them all in a jar. a couple years later a coin shop opened within walking distance and I was in awe as to coins they had. I noticed there were blue folders that you could put your coins in. cant remember how much there were but they were cheap. I bought one of each and started popping in my coins. the problem was there were a lot of open spaces and it didn't look right. that then started the quest to fill them all in. I saved for a year and bought my first key date coin a 1909-S VDB XF40. paid $125 for it and it sits in my collection today some 50 years later.
Pillar of the Community
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 Posted 01/01/2017  4:26 pm  Show Profile   Bookmark this reply Add Dustin6 to your friends list

Quote:
I think you're a smart kid too, just don't think you need to post every thought. I can see how post count equals pride in todays society though.


Thanks!! But I really don't care about my post count. I just try to contribute to this great community as much as I can.
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 Posted 01/01/2017  5:11 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
Nice book Dr Darryl!
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 Posted 01/01/2017  7:24 pm  Show Profile   Bookmark this reply Add jpsned to your friends list
I'm not quite to old-timery yet, but my dad--who was born in 1927--collected Lincolns and assembled an almost complete LHC collection from 1909 to 1958, using only coins he found in pocket change. The only ones missing are 09-SVDB and 31-S.
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United States
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 Posted 01/01/2017  7:43 pm  Show Profile   Bookmark this reply Add Pennywise142 to your friends list

I like to tell people that I've been collecting coins all my life. Technically it's true. When I was born my father received a gift of my birth year set from an avid collector family friend. His interest in coins grew from that and mine from his. I still have the set.

Old-Timers-Please-Share-Your-Coin-Collecting-Stories-And-Beginnings

Dad was a prominent businessman and I was allowed at a very early age to help sort the coins from the days receipts. Dad would, of course, be examining them for collectible goodies. Later, Dad would periodically get $50 bank bags of cents from the bank. I was assigned to check them all for errors. We were excited when there was a blank planchette in the mix.

Dad became very good friends with the local bank manager. When the Borough employees came in with the change from the parking meters the manager would call dad and I was sent over with money to "buy" the bags, and lug them back to the shop. Now guess who had the job to go through them?!!

In 1962 as a promotion for the Borough's 150th anniversary, the businessmen decided that instead of the usual wooden nickels that they would give away free money instead. Please don't cringe too badly when I tell you I also had the job of gluing untold amounts of cents onto promotional cards.

Old-Timers-Please-Share-Your-Coin-Collecting-Stories-And-Beginnings

Later came the usual round of coin clubs and auctions. A highlight of the week! Dad had amassed a rather sizable collection and even Mom had gotten into the act and was concentrating on her favorites, Ancient Coins.

I had drifted away from the hobby by the early 80's and was busy with career and family but I never stopped checking my change. Staring intently into my hand at a checkout has often prompted a puzzled cashier to ask, "Did I give you the wrong change sir?"

My collection went into storage while I sold much of my parent's collection to help them out in their old age. Even though they have since passed I have lots of happy memories. I am pleased that their collections have made their way into the hands of collectors that appreciate such things.

Now that I'm in the "winner's circle" of retirees I am enjoying rediscovering my own collection and places like this forum.

(Sorry for the edited images. Internet privacy concerns, of course.).
Rest in Peace
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17900 Posts
 Posted 01/01/2017  9:11 pm  Show Profile   Bookmark this reply Add moxking to your friends list
I've thoroughly enjoyed this topic. Thanks for introducing it.

It's amazing how similar many of our paths have been.
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397 Posts
 Posted 01/02/2017  07:17 am  Show Profile   Bookmark this reply Add smoke1439 to your friends list
DrDarryl, Another great story and thanks for your contribution to the world of numismatics.

T-BOP, I have read many of your post and appreciate your contribution, teachings and experience.

panzaldi, Your another awesome contributor to this site. I have followed many of your post and appreciate your insight and years of experience.

Pennywise142, you were gluing cents on promo cards in 62 and I was being born.



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4809 Posts
 Posted 01/02/2017  07:24 am  Show Profile   Bookmark this reply Add Rackster to your friends list
Indeed. I had to chuckle on pennywise's comment about getting the right change. Who among us hasn't heard that comment? I suppose folks that use debit cards in place of cash won't hear that but the collectors here who work their change typically are cash customers. Many great or fun finds are rediscovered this way.

Keep the stories coming folks. Although they can be similar the distinctions noted keep them interesting if not unique.
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