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 Replies: 5 / Views: 1,207 |
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Valued Member
United States
284 Posts |
Assume, please, the following: a coin was minted in 1959 (year randomly chosen; coin denomination left to the discretion of my responder). Assume it circulated until say..., 1963 when a collector now long lost, viewed it to grade close to 40, and so sealed it in a cardboard 2x2, believing, wrongly, that over time it would accrue adequate added value to cover his/her rescue effort.
Set aside, please, for purposes here, the fact that these 58 years later, a coin collector might like to have what's left of it after further circulation for an album. I query, what arguments would support putting such a coin back into circulation where it will surely degrade at best, disintegrate at worst? What counter-arguments to more circulation, if any, rise in a numismatist's thoughts?
Kevin
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Bedrock of the Community
United States
19973 Posts |
There shouldn't be any counter arguments, this is a very common coin, especially in EF-40. Unless it has some sort of sentimental value it's worth exactly 1 cent. I've tossed mint state examples of 1959's (they were pretty ugly) back into circulation. My main motive, besides cleaning my coin area, is to hope someone finds it in the their change and takes an interesting in coin collecting.  |
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Pillar of the Community
United States
7293 Posts |
I've done the same, I had a large collection of wheat cents that were cleaned, I used them as change until they were gone. If anyone saved them they have a pretty cleaned Wheat cent. |
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Valued Member
 United States
284 Posts |
I penned Quote:
coin denomination left to the discretion of my responder You both took me at my word, focusing squarely on the 1959 LWC. Quote:
Unless it has some sort of sentimental value it's worth exactly 1 cent.
Quote:
I've done the same, I had a large collection of wheat cents that were cleaned..., I muse that if this is done often enough in the next 60 years, a no longer common EF-40 LWC from 1959 will gain value. I assume you both could and would as easily substitute a '59 Jefferson into your response. Meanwhile, back at the ranch, I cannot divine a 1959 silver which lacks added value, so I'll wander here in desperation. I'll adopt the chosen denomination but mess with it a bit, if you'll allow. What I'm attempting to accomplish is to get a bearing on the mind of some devout numismatists. Bearing in mind that nothing of the sort has been minted since 2013 or is likely to ever be minted again (too costly!) would it alter your responses if it were a 1959 Canadian penny? Or would you act with the same lack of hesitation? Kevin |
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Pillar of the Community
United States
1613 Posts |
My response is that of BadThad. Set it free.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Valued Member
United States
284 Posts |
Quote:
My response is that of BadThad. Set it free. @Ballyhoo, I perceive a vast chasm between my question and @BadThad's response. A question begins as a quest. @BadThad's response is to a quest I'm not on. With no hesitation, I accept blame for the discrepancy. I'm unable to pick the fruit of your kind response because I cannot confidently assign your response to either quest. I could very easily if I could know what noun you held in mind when you employed the pronoun "it." Are you making reference to a specific coin (as does @Badthad)? Regardless, please accept my gratitude for your time spent on my behalf. Kevin |
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Replies: 5 / Views: 1,207 |
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Posted 03/01/2021 7:50 pm
