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Common, Readily Available & Cheap Coins When You Were Younger That Are Eye-Poppingly Expensive Today

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Bedrock of the Community
United States
12057 Posts
 Posted 11/09/2023  3:56 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
The local coin / gold shop when I was a kid (say 35 years ago) had a box labeled "10x face"

Everything in the box (mostly circulated pre-1964 coins, culls, etc) was priced at 10 times its face value, but sometimes you could find some higher grade things in the mix if you looked carefully. Of course, since it was silver only, the smallest denomination was a dime. You weren't going to find key dates, of course, just common dates.

I acquired quite a few beat-up, well-worn or cull Liberty Seated dimes for $1 each, same for some better looking Barber dimes and even a few XF-AU Mercury dimes.

Quarters were $2.50, halves $5.00, silver dollars $10.00 each. You never saw any Bust coins in there, but for halves, Walkers and Franklins were well-represented, along with the Barber coins. There were plenty of beat-up Morgans and Peace dollars to look through, but I couldn't usually afford that on my $5 a week chores allowance, and besides, that money was saved for the arcade...

This is also how I acquired my first ever 3 cent nickel for $0.30 when it accidentally got tossed in the box.

None of those are eye-poppingly expensive, though.

I remember going to coin shows with my dad and seeing rolls of Uncirculated common date Morgans for what I thought was the crazy price of $350 per roll, or $400/roll for better dates. I think most of them were 1883-O, 1884-O, 1886, and 1887 rolls if I remember. I have an 1883-O I bought from one of those rolls.

I think if you go back to my dad's generation (born 1948) you could have made a killing buying things like Indian Head cents, large cents, high grade Liberty Seated and Barber coinage, pretty much anything really. Dad was working at a service station in New Mexico while in high school in the mid 60s and used to still get silver in change but it was already disappearing -- he had a Barber dime, a dateless SLQ, a few silver Washingtons and Roosevelts, and 2 1921 Morgan dollars that he won for something or other.

I inherited about 20 fairly worn Morgan dollars from my grandma when she passed away in 2003. Prior to her passing, she used to tell me that when her and my grandpa would go to Nevada casinos in the late 50s, Morgan and Peace dollars were still being used at face value. I wonder how many of those were CC's? If she had bought and saved, say, 50 rolls for face value, that would definitely have been a great investment. Of course, 50 rolls of silver dollars in the 1950s would have been a very significant sum of money!

I remember being able to buy nice problem free circulated copper coins for good prices, too -- in Arkansas, near Springdale, we stopped at a coin shop that had a box of common date coronet and braided large cents for $10 each, most of which were problem-free original F-VF coins. Indian Head cents of every date except 1877 and before were $1 each; there was also a box of AU-Unc late date Indians, but I forget the price (probably $3-$5 each.) I also bought a 1868 Shield nickel there for $3.75, decent original VG.

A bit later on in life, another coin shop I used to visit while in college had a full box of probably 200-300 late Roman bronzes and provincial coins, unidentified, but mostly recognizable , $10 for 10. I scored some great deals there on raw coins. A 1950-D nickel I bought there for $7.50 is now in a NGC MS66 5FS holder. A 1948-S Washington quarter (I forget what I paid for it, maybe $8 or $9) graded out NGC MS67, and a nice, lightly toned1943-D silver Jefferson War Nickel I bought raw is now in a PCGS MS66 holder.
Not huge "wins" but certainly worth a lot more than I paid for them.

Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Bedrock of the Community
United Kingdom
17964 Posts
 Posted 11/09/2023  6:16 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list
When l started collecting coins in England as a kid just before Decimalization, gold sovereigns were £5 each but you needed a special licence from the Bank of England to buy one (not handed out to minors)! Common Edward I and Edward III silver pennies and Elizabeth I sixpences in VG were 50p to £1. On the other hand some recent pre-decimal coins in EF and UNC were actually more expensive then than now - 1960 crowns cost about £4 but now my LCS sells them for £1!

Few people cared about variety or error coins in the UK 50 years ago - someone could have gone through dealers' trays and made a killing on Victorian penny varieties that are now very valuable. Even spectacular errors like full blockages were treated just as curiosities and sold for just a few pounds.
Edited by NumisRob
11/09/2023 6:23 pm
Pillar of the Community
United States
7277 Posts
 Posted 11/09/2023  8:12 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
When ever we have one of these we wax nostalgic but we always fail to take into consideration the inflation adjusted value of money and also the time value of money.

When we moved to the US in 1977 circulated Mercury dimes were a dollar and minimum wage was ~$3 an hour, I could work an hour and get 3 Mercury dimes, today with minimum wage being $15 an hour I can get 7 Mercury dimes. Just saying what was cheap 40-50 years ago may actually be cheaper today.
Edited by hfjacinto
11/09/2023 8:13 pm
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 Posted 11/09/2023  9:00 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list
I was thinking the same thing. If you'd put that same amount of money into the S&P 500 index (assuming a mutual fund with share reinvestment), the gain would probably be enormously higher.
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 Posted 11/10/2023  08:44 am  Show Profile   Bookmark this reply Add thq to your friends list
CC gold over the last 25 years. It was never cheap, but it was not outlandishly expensive.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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United States
11898 Posts
 Posted 11/10/2023  1:33 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
Were you younger in 1909? I suppose as far back as you can remember.
Great responses all, and shout out tp those who provided pictures and lengthy details.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
11/10/2023 1:54 pm
Pillar of the Community
United States
7277 Posts
 Posted 11/10/2023  2:01 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
In 2019 the Enhanced Reverse Proof was $65. Today they are worth $1000
Common,-Readily-Available-&-Cheap-Coins-When-You-Were-Younger-That-Are-Eye-Poppingly-Expensive-Today
Common,-Readily-Available-&-Cheap-Coins-When-You-Were-Younger-That-Are-Eye-Poppingly-Expensive-Today
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 Posted 11/10/2023  2:24 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list
A bullion coin made four years ago has appreciated 20x? How did that happen?
Bedrock of the Community
United States
12057 Posts
 Posted 11/10/2023  2:51 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
What caused the huge jump in value on the ASE?
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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United States
4233 Posts
 Posted 11/10/2023  2:59 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list
Lowest mintage ASE apparently. https://www.pcgs.com/coinfacts/coin...ev-pr/807000
I don't keep track of the bullion stuff.
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 Posted 11/10/2023  4:20 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list
So basically just an intentionally underpriced ASE where supply was so restricted that demand massively exceeded it. If the Mint had run a Dutch auction, those coins would never have sold for $70 in the first place. It's like selling World Series tickets via lottery, the tickets are instantly resellable for multiples of the original payment.

Essentially just a giant publicity stunt.
Bedrock of the Community
United States
11898 Posts
 Posted 11/10/2023  5:04 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
I guess this doesn't meet the readily available criterion.

This was minted in 2020 but the mint limited the production to 1,945 coins to commemorate the end of WW2 with a special privy mark in the obverse right field. Sold it for $2,500.

https://catalog.usmint.gov/end-of-w...in-20XE.html

As soon as it was issued people rushed to buy it. Sold out in minutes. When people got it in hand it shot up to $25K. Now it sells between $15K and $50K.

https://www.ebay.com/itm/303794976765
https://www.ebay.com/itm/404211798886


IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
11/10/2023 5:21 pm
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United States
189053 Posts
 Posted 11/11/2023  10:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
When we moved to the US in 1977 circulated Mercury dimes were a dollar and minimum wage was ~$3 an hour, I could work an hour and get 3 Mercury dimes, today with minimum wage being $15 an hour I can get 7 Mercury dimes. Just saying what was cheap 40-50 years ago may actually be cheaper today.
Not in all states. Federal Minimum Wage is $7.25/hour.
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United States
7277 Posts
 Posted 11/11/2023  10:42 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list

Quote:
Not in all states. Federal Minimum Wage is $7.25/hour.


You need to move to a state that pays more :)
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 Posted 11/11/2023  11:30 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
You need to move to a state that pays more :)
I get paid plenty.

My intent was to indicate that not all people are equal in your statement.
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