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Regrets Of A Coin Collector Who Came Late To The Hobby

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Bedrock of the Community
United States
94367 Posts
 Posted 04/11/2017  4:56 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Good story. We're probably pretty close in age. I love to tell today's youngsters that, in the late '50s, I could assemble the entire Walking Half set (albeit with many well worn) from circulation and searching rolls in about 4-5 months. Problem was, I couldn't afford to keep them because the face value was too high, so I would turn them in and start over for the in of it. I kept very few, and then only keys in Fine or better!
Pillar of the Community
United States
1346 Posts
 Posted 04/11/2017  4:59 pm  Show Profile   Bookmark this reply Add 999fine to your friends list
I was a 9-year old in the mid 50s and lived in Puerto Rico (air force) Barber coins were in general circulation and I retained a nice collection at face until the Hunt Brothers came along years later.

But that's water under the you-know what. I was now a father, paid some bills, and considered it a blessing to cash them in. No regrets.
Valued Member
United States
467 Posts
 Posted 04/11/2017  5:13 pm  Show Profile   Bookmark this reply Add crazyglue to your friends list



Maybe you are too late to that party.

But there are other parties going on right now.

As an example, the error and variety party seems to be really picking up steam. AM wide varieties, Cuds, die breaks...it seems this niche is exploding. It definitely isn't my cup of tea in collecting-- but you can find them in pocket change if you work at it.

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United States
189115 Posts
 Posted 04/11/2017  5:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Maybe you are too late to that party.

But there are other parties going on right now.
I agree.
Bedrock of the Community
United States
94367 Posts
 Posted 04/11/2017  6:32 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Wait a minute - are you saying Ike dollars could explode?
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 Posted 04/11/2017  6:44 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
Even when silver was suspended (1965) the value of silver in the coins was less than face value, so it was not immediately apparent that they should be hoarded. Who could then predict the value of silver per ounce would go up so much when for hundreds of years it stayed low?
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United States
4211 Posts
 Posted 04/11/2017  6:51 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list
I know...although a bit later. I worked my junior and senior year co-op at a bank in 1973 - 74 and we would still see 90% silver. Not "a lot" but it was there. We had a customer that owned 5 car washes and he would bring in bags of $500 in quarters that we would dump a bit at a time in the coin counter / wrapper. I could hear the different sound of the silver ones as they were spinning around. I did buy a little silver but at $1.35 an hour wage.... not much. I remember we had a customer come in with 3 rolls of $5.00 dimes that she wanted cash for. It was 3 rolls of Mercury dimes. I wanted so bad to cash those out but at my earnings that was 2 full days pay. So 3 of us tellers bought 1 roll each.
I am enjoying "this" party tho.
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United States
1660 Posts
 Posted 04/11/2017  7:20 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list
In 1965 I was 9, and our little town in Maine had one coin dealer, the fellow that ran the dry cleaners. Little brown envelopes on a bid board, plastic coin set holders, Whitman albums, and a rotating display for watches that he put 'fancy' coins in. We'd always bring him the old coins we found, and I remember him licking his thumb, cleaning off the coin, and looking at it through a loupe. '65 was the year they replaced 'real' coins with worthless clad crap. My regret? That I didn't keep those old coins for myself! I wonder what I gave away for a few cents over face?
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10197 Posts
 Posted 04/11/2017  7:51 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list
Yea, I'm one of ya'all, there, born in '51, so all coins were readily found in pocket change. My dad started collecting for Boy Scouts, was a scoutmaster so became interested at a very young age. Had all the Whitman folders through Morgans and Peace even. We were middle class folk but he sure put the dough into it. I remember folders with no holes, Mercs was one, Walkers another. I don't know what ever happened to that collection, got on the outs of family differences in the 70's and he passed in 82. Knowing my mother, she undersold it as was her manner. Somebody scored quite the deal for sure.
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United States
9395 Posts
 Posted 04/11/2017  8:20 pm  Show Profile   Bookmark this reply Add pepactonius to your friends list
I started collecting in the fall of 1958, but had a couple of silver dollars from a bit earlier. I collected the usual stuff from circulation: cents through half dollars (but halves were uncommon where I lived). I don't think any of the coins I got from circulation are worth much today, since all the earlier ones are worn slick, and the later ones are very common.

In 1965 or 1966, I started to hoard all silver coins that came my way -- mostly quarters. I ended up with about 750 quarters, 300 of them from 1964. These are the foundation of my current silver stack.

The only worthwhile things I picked up back in those days were the CC dollars directly from the GSA (especially the 1879).
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 Posted 04/11/2017  8:31 pm  Show Profile   Bookmark this reply Add 88isgreat to your friends list
I'm a few years younger than the majority of the posters in this thread, but I remember in the late 60's early 70 doing Whitman folders of Lincoln cents, nickels (not sure if buffalo or Jefferson), and dimes. The only thing left is a 1909 VDB cent. Probably spent the rest on "stupid " kid stuff.
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 Posted 04/11/2017  8:37 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
Yeah , most of us old timers saw more silver than we knew what to do with . First of all, we were kids . Money wasn't easy to come by . So hoarding WLH's and SLQ's was not anything we were able to do . Besides who even cared , we didn't know they were going to stop making all 90% silver in 1965 . Easy Come ,Easy Go !
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10197 Posts
 Posted 04/11/2017  8:58 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list
It was a Commie Plot!

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United States
411 Posts
 Posted 04/11/2017  10:05 pm  Show Profile   Bookmark this reply Add cuzzx to your friends list
You guys have my mind working as I too was born in 51, graduated high school in 71.
In my teen years my dad had a electric motor repair shop with a coke machine out front.
It was my job to refill it each morning and count the change.
Funny but I can remember Mercury dimes in the box and on the ground around the coke box. along with roosevelt .
Edited by cuzzx
04/11/2017 10:07 pm
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