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 Replies: 35 / Views: 6,425 |
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Pillar of the Community
United States
814 Posts |
Quote:Then the great depression hit and all the coins were hoarded and buried until someone on ebay found them and is auctioning all those legit CC Morgan rolls..........  Edited by hcmusicguy
11/21/2014 10:41 am
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Moderator
 United States
189603 Posts |
Quote:
OBR? Original Bank Roll |
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Pillar of the Community
United States
593 Posts |
I really like the older coin designs of that Era. They had much greater appearance than images of todays coinage. With some exceptions like ATB and ASE and state and territory reverse designs. I was lucky that my Grandma saved a few IHC and a 1913 Unc Type 1 Buffalo nickel. But in those years money was tight and being able to collect was only open to the well off folks. |
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Valued Member
United States
89 Posts |
A quarter in the 60's could buy you a lot, I doubt anyone in the 1910's would suddenly start putting away change in bulk, that would be a huge wast. Don't forget that mentality was largely different back then in comparison to today as well.
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Valued Member
United States
327 Posts |
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Change was for spending then and those coins represent a lot of value compared to today's jar inhabitants.
This is a very good point. As a percentage of the population there were very few collectors. I would estimate that perhaps 1% of the population could even afford to collect and less than that probably did. |
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Pillar of the Community
United States
2214 Posts |
Yes to those points. Coin collecting was not the same back then as it is today. Numismatics is called the "Hobby of Kings" and there's a good reason for it--originally only kings and other well-heeled people could afford it.
And it's dangerous to look at early 20th-century life with early 21st-century eyes. It's hard to appreciate the mindset of a normal citizen back then. For example, diseases like TB and polio affected the populace with great abandon and were an accepted part of life and death. We don't even think about them anymore. With life being less precarious now, regular people can indulge in and enjoy frivolous hobbies like coins.
I wonder when the first coin collectors' store opened up. Anybody know? That could serve as a benchmark as to when coins became a widespread hobby, as well as a potentially profitable business.
Edited by jpsned
11/23/2014 10:52 am
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Bedrock of the Community
 United States
10045 Posts |
Quote:
And it's dangerous to look at early 20th-century life with early 21st-century eyes. No, not really--because we're not re-writing history--we're just having fun.  |
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Pillar of the Community
Canada
1118 Posts |
About the buying power of change and when the lay man got into set building the penny board took off in the 30's.
I believe Whitman also made nickel and half dollar boards but no one used those, too much buying power.
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Valued Member
United States
300 Posts |
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Pillar of the Community
United States
3540 Posts |
Great link Gothic - thanks for sharing the info.
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Pillar of the Community
Canada
1118 Posts |
Book marked Gothic! I love old boards and albulms, thank you.
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Valued Member
United States
291 Posts |
With the exception of the Standing Liberty quarter which technically may be looking the same direction as the Barber quarter, it is interesting how the faces on all the updated coins are facing a different direction from their predecessor. |
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Bedrock of the Community
United States
20753 Posts |
Interesting topic. And when you think about it there have been coin collectors for a long, long time. However, I don't think this coin collecting stuff was really popular until recently. Not to long ago there were few books on coins available. Not many companies made anything to hold coins except a few that made Folders such as Whitman. Not to long ago no one knew how some things hurt coins such as PVC. Not to long ago people just handled coins as if they were coins. Ever watch Dennis the Menace show. That Mr. Wilson handled coins as if they were just coins. Kept in open trays too. Back in the 1916 era not many people collected coins so the change was only noticed by some and many disliked the change. Even in the 1930's not a lot of interest in coins. Yes there was some but just not a big thing. Stamps were more popular in the past so if you did go back there in time you would find coins were cheap. Stamps were the biggies of the times. A good example was when I was a kid I saw 10 1916D Mercury dimes in a hobby shop window for $1.50 each. |
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Bedrock of the Community
United States
10047 Posts |
I also have to wonder if the hobby did not get a boost when silver was removed from circulation. I know when I was growing up that it was a thrill to find silver in circulation (still is - just happened a lot more often back then).
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
2368 Posts |
The early 20th century would be an awesome time to collect coins, but I feel like if I lived in that time I'd collect some of the older types, like Seated coinage, bust coinage, and large cents for example. I'm going to challenge popular opinion here: Barber coinage (including V nickels) and Indian Head cents are underrated, and collectors hype the coins that replaced them too much IMHO. The coinage redesigns of 1909, 1913, and 1916 were great and really innovative, but the Barbers and the rest were classics that don't get the praise they deserve. |
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Posted 11/21/2014 11:30 am
