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What Got You Into Coin Collecting?

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New Member
United States
20 Posts
 Posted 03/19/2016  7:36 pm  Show Profile   Bookmark this reply Add orchard53 to your friends list
My Father in law decided he wasn't going to take his coins with him to the assisted living home. Six months later, I have the bug.
Valued Member
United States
216 Posts
 Posted 03/19/2016  8:15 pm  Show Profile   Bookmark this reply Add CENTertainment to your friends list
My dad had a VERY modest collection...a dozen wheat cents in a Whitman and a small cylinder of other randoms. It was enough to spark my interest and continue it. I love finding collectibles in circulation and grow the collection that way. I don't find joy in buying coins, otherwise I'd be a Yankees fan.
Valued Member
United States
125 Posts
 Posted 03/19/2016  10:15 pm  Show Profile   Bookmark this reply Add Cleatis87 to your friends list
My earliest memories are that my dad used to subscribe to US Mint for the proof sets. I remember climbing in his closet to open the boxes and look at the pretty coins when he wasn't home from work yet. He also took me to the bank to look at his childhood collection every once and a great while. I remember him getting me a 1938-D MS 66 PCGS buffalo for Christmas when I was still in elementary school. I then proceeded to stray the course (beanie babies , ball cards, etc...). Wasn't until years later, after college, marriage and baby that I was recently gifted my father's collection. That sparked some interest back into the hobby, but it wasn't until I traveled out of town to my wife's friends wedding. I was bored to tears while waiting for the rehearsal to start, so I proceeded to walk around the small town and moseyed into a local antique shop. Then I saw it...


What-Got-You-Into-Coin-Collecting?

What-Got-You-Into-Coin-Collecting?
I had to buy it immediately of course, haven't looked back since.
Valued Member
United States
71 Posts
 Posted 03/22/2016  3:20 pm  Show Profile   Bookmark this reply Add jmferris to your friends list
Can't really think of a better post to come out of lurking and start participating in. First off, thank you to everyone on here. As I get back into this hobby, a lot of the discussion here has helped me in answering a lot of the questions that I have had as to what has changed in the twenty years since I have seriously collected.

As for myself, my first exposure to the hobby goes back around the point that I was six or seven years old. We had a giant glass Cutty Sark bottle in the living room that held pocket change. From the memory of someone that age, the bottle was gigantic and in retrospective, I assume it was about three feet tall and about a foot in diameter. It was extremely heavy, and my best guess is that it must have been some sort of novelty item. Anyhow, it all started when my grandfather went to put the day's pocket change into the bottle and noticed a Mercury dime. It got him to wondering what else might be in the bottle that he simply never noticed.

It became my job to sort them out, and anything that was "interesting" was mine to keep. He showed me the basics, breaking them into series, and then once that was done, into decades, then into years. It took me the better part of quite a few days after school and part of the weekend to do it, but I did. What I remember is that we sat on the floor, and he pulled out brand new Whitman folders for Wheaties, Jeffersons, Roosevelts, and Washingtons. I believe that was also the largest coin that would fit in the mouth of the bottle, as Kennedys and Ikes were too big - although we did find the ever-pesky Susan B. Anthonys, if memory serves. We spent the next few nights picking the best examples to fill the folders, and the "misfits" that we did not have folders for went into an envelope. Nothing fantastic, but special to me, there was some worn Buffalo nickels, Mercury dimes, and I think a couple of Walking Liberty quarters. Most of that was filler, I am sure. The albums and that envelope are in storage now, thirty-five years later. While a part of my collection, in a sense, they are more there for pure nostalgia.

About five years onwards from that point, we were at a flea market. There was someone there selling 2x2's out of an album with all sorts of varied coins. Most of it was silver and commemorative. I had my Red Book with me, as I had learned to do, and we saw that everything he was selling was graded on the high side and he wanted full price. We passed on it, and as we walked away, I remember him telling us that he would make us a deal on whatever was left at the end of the day. End of the day rolls around, and before we are even up to the table, he tells my grandfather that a hundred dollars takes the album. Guy said that he is tired of carrying it around and his price is roughly half of the face value of the coins. Needless to say, it followed us home that night.

While there were not a lot of stellar coins in there, by today's standards, it was a step up from what I had. There were Morgans and Large Cents, there were Barbers of all denominations. It was, for lack of a better term, magnificent. Today, I still own a few of those coins, like the CC Morgans that were in the lot, along with some of the nicer uncirculated specimens. The lion's share of that collection is long gone, though, helping pay some college expenses back in the 90s. I made my (grandfather's) money back 30-fold from a family friend who is also a collector. He still has every single one of those coins, which makes me happy.

Over the next twenty years, I occasionally pick something up, but the actual idea of collecting is gone, for the most part. For no reason at all, about six months ago, a local antique mall had a vendor that was blowing out inventory. Apparently, the owner passed away and his wife did not want to deal with it. At the time, she had everything half off of the last stickered price. Picked up a bunch of randomness in 2x2s, for pennies on the Blue Book dollar. She actually helped me pick out coins that her husband was particularly fond of, including the ones that he did not have on display. Again, nothing of significant value here, but the thrill of it all came flooding back. There were uncirculated Mercury dimes (at least two of which are going to a TPG soon, because they appear to have full bands), nicer grade large cents, late silver in higher grades, etc.

Over the last few months, I have started lurking here. Part of me was certain that this would just be another phase, and I would lose interest. So far, that has not happened. I think that part of it is that when I had previously collected, my funds were so limited that I could never get anything appreciable in my collection. Times have changed with age, to a degree. Now, I find myself bargain hunting through slabs in my preferred series, and I am rather enjoying the thrill of the hunt. I definitely am not savvy enough, yet, to pick up raw coins of any potential value. My rule there is to not spend any more than I would be afraid of losing on it.

I guess that is it for now. Hopefully, I will become a bit more active around here, as I continue to get back into things.
Edited by jmferris
03/22/2016 3:21 pm
Moderator
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United States
187702 Posts
 Posted 03/22/2016  5:24 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
to the Community, jmferris!

That has to be the most informative introduction post I have ever read.
Bedrock of the Community
United States
11951 Posts
 Posted 03/22/2016  10:20 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
jmferris

What a great first post, I really enjoyed reading about your coin history.


I hope you share some of your collection (picture are good) and any
new additions.

I think a lot of collectors have similar stories, started collecting when
younger, taking a break when life gets busy ... Then getting back into
the hobby.

I have been getting serious for the past five years, and hope I can keep
up the pace.

Again welcome ... I hope we get to hear more from you.
Valued Member
United States
71 Posts
 Posted 03/23/2016  3:31 pm  Show Profile   Bookmark this reply Add jmferris to your friends list
Thank you both, for the warm welcome. I have found that my "what brought you to the hobby" story is quite similar to a lot of people that I have met. Great thing about this hobby is that it is one that lends itself well to sharing time with friends and family. Anything that does that is very welcome, in my opinion.

I will definitely be sharing my collection - old and new, alike. Hoping to get my camera setup up and running this weekend, so that it will be easy to share. Absolutely want to get it up and running soon, so that I can start cataloging what little I have (at the moment) to include in my homeowner's insurance policy. Did get some goodies in the mail today that will be great test subjects for pictures: 1847, 1850, 1853, 1854, and 1855 Liberty Head Cents that all (by my rusty eye) are ranging between VF and EF, or possibly a bit better. Considering that I could not pass them up for the deal I was able to swing for them, despite being raw, and I am looking forward to getting them up on here for a popular opinion. That was a deviation for me, as I definitely lean more towards slabs.

Anyhow, I hope to read more stories about how others got started and begin to engage everyone here a bit more. Absolute treasure trove of knowledge here, and I find myself spending a lot more time on here reading than I plan on doing when I open up the browser.
Pillar of the Community
United States
1187 Posts
 Posted 03/23/2016  4:11 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list
Jmferris - beware that having pictures won't be enough to cover coins under your insurance. I thought the same thing until I called. I was told I was covered up to like $100 (or something super low) on any coin or paper money. They told me I had to get formal appraisals on my collection and send it to them to be covered (for a fee of course). Another caveat is any single coin over a certain value ($500? 1000?) has to be individually appraised. Seems like a way for the insurance companies to screw people over to me..
Valued Member
United States
71 Posts
 Posted 03/23/2016  4:48 pm  Show Profile   Bookmark this reply Add jmferris to your friends list
@sa330206 - Thank you. Good to know. I'll have to give our homeowner's insurance company a call and see what our premiums cover. Quick Googling has shown me that some policies will cover to a degree, so I'll get an idea of what they provide and see if I need to get an independent policy. Until my collection gets to the point that it merits that, I guess some of it is going to be living in the safe deposit box.

You are right, you would expect it to cover it. My wife has several signed Chihuly pieces that they had no problem covering.
New Member
United States
13 Posts
 Posted 03/27/2016  7:51 pm  Show Profile   Bookmark this reply Add Pro Songwriter to your friends list
My former wife worked as the office manager for a coin shop in San Antonio, TX. When I stopped in to just look around, I was awed by the sheer beauty of the early coin designs. The Barber coins, Capped Bust coins and Seated Liberty coins have always been my favorites. Morgan dollars are pretty nice, too.

Best to everyone with your collecting goals.

Alan
Pillar of the Community
United States
2543 Posts
 Posted 03/27/2016  8:27 pm  Show Profile   Bookmark this reply Add denco7 to your friends list
I started by going through my Dad's change on his dresser every night, pulling out the interesting coins, the Indian Head cents, the Buffalo nickels, Standing Liberty quarters, walking liberty halfs and the occasional Barber coinage. If I was realy lucky, I could snag a Morgan or Peace dollar he got in change.

It really expanded when my Dad started hoarding silver coins after they announced "no more silver coinage"
Valued Member
Slovenia
459 Posts
 Posted 03/28/2016  08:09 am  Show Profile   Bookmark this reply Add Dagaz to your friends list
There were about 15 silver 18th and 19th century coins in my family for generations. I really liked to look at them when I was a kid. Years later (about 3 years ago) I looked them up on internet and stored them properly and that's how my fascination with coins started. (Those coins were of various german states and austrian empire)
Valued Member
Canada
314 Posts
 Posted 03/28/2016  09:39 am  Show Profile   Bookmark this reply Add rickynic to your friends list
OCD is why I collect....LOL
Valued Member
United States
186 Posts
 Posted 03/28/2016  12:43 pm  Show Profile   Bookmark this reply Add yelimsexa to your friends list
When I was 13, my mother purchased the 1998 edition of Scott A. Traver's Insider's Guide to U.S. Coin Values. It seemed like quite an interesting thing to read knowing that older coins not just have value but also consists of these various "grades" and mentioned "never clean a coin" showing how clean coins are taboo and any restoration should be left to pros. Soon, I started to actively check my pocket change. Some of the earliest coins that I've found that were worth a bit more than "lunch money" as I might expect where a few wheat pennies from the 40's and 50's, and I can recall 1941, 1942-D, 1945, 1946, and a couple from the 50's as my first wheat pennies, along with some pre-1960 Jefferson nickels. I've posted this before, but a couple months later in school I received a silver 1962-D quarter in change and that's where it started from there. It was slow at first before jobs by saving allowance money. But eventually I started to CWR after I got my driver's license and then sold some of the duplicates (mostly 40% silver halves back when they were only worth around 1.5X face) at some coin shows, allowing me to build better coins. Then my parents got the Internet, allowing me to expand my horizons of collecting. I've never joined an official coin club nor association, but I still find it an enjoyable hobby on this day with a tinge of investing.
Valued Member
United States
156 Posts
 Posted 03/29/2016  2:59 pm  Show Profile   Bookmark this reply Add Afab67 to your friends list
I used to go to swap meets with my family and I found a couple of coin dealers there. I was always fascinated by "old stuff" as a kid, and coins were a natural draw for me. Heck, they were even dated!
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