Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics 300,000 items to help build your collection! Shop for APMEX Bullion on eBay!Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Coin Collecting In The 1960-S

To participate in the forum you must log in or register.
Author Previous TopicReplies: 41 / Views: 4,650Next Topic
Page: of 3
Valued Member
Firecom911's Avatar
United States
161 Posts
 Posted 08/02/2007  9:14 pm Show Profile   Bookmark this topic Add Firecom911 to your friends list Get a Link to this Message Number of Subscribers

I started actively collecting US coins in the Spring of 1960 when I was 13 years old. The "boom" in coin collecting had not happened yet.
My home town was small. about 15,000 folks but we had a large Air Force Base nearby. We had no coin club and I knew ONE other kid that collected. I think I can safely say that the circulating coins in my area could be called "unsearched".

Like most newbies, I knew little about coins and started with a Whitman Lincoln Cent folder. There were two folders for Lincoln cents...the first was 1909 - 1940 and the second was "Starting 1941"
which had the holes dated to, I think, 1963.

My father managed a fairly large 5 & 10 store...eight cash registers across the front of the store and one at the rear door. There was about $200 in coins in the office cash and the registers were picked up at 4 PM and again at 9 PM, so, if I wanted, I could search three times a day, for a total of usually around $500 in rolls and loose coins. The strictly enforced rule was that I must replace any coins I removed from rolls and loose change. I kept a small jar of coins in the office for this purpose.

There was also two kiddie rides out front of the store (10 cent rides) and a penny weight scale all of which were emptied of coins every month. I could search those if I would agree to roll the coins.
The penny weight scale sat out in the weather, and the pennies (three or four hundred every month) were always wet. But I thought it was worth it!

Some of you "younger-than-I" collectors may be wondering what was out there circulating in early 1960.
Well, folks, compared to today...it was magnificent!

I'll try to give you an idea:

CENTS

In early 1960 a circulated roll of cents would be about 90% or more wheat cents and 5% to 10% memorial cents.
1943 steel cents were commonly found. I would have been surprised if a roll didn't have at least one "steelie". ALL dates and mints were out there. I collected a COMPLETE set of Lincolns out of circulation in about a year and a half.

NICKELS

The mix, as I remember, was about 60/40 Jeffersons and Buffaloes.
Wartime silver nickels were easily found and in a lot better condition than the ones that show up today. A roll of nickels usually had one or two warnicks.
Buffaloes before 1916 were almost always dateless. Type I buffaloes were fairly frequently encountered but...were usually dateless.
Buffaloes from 1917 to 1926 usually had one or two date digits showing. 1928 and later usually had full dates and were Fine or better.

DIMES

All silver and about 35% Mercury dimes. A lot of Mercs in the forties
still had a little mint luster. Mercs dated in the teens were usually AG to G, twenties dates were G to F, thirties usually F or better. ALL dates and mints were out there. I found all but the 16-D.
Found several 21, 21-D, and 26-S. For some reason, I frequently found 1945 micro S dimes. Also found a lot of the "small S" pennies and dimes...what was the year? 1941? Can't remember.

QUARTERS

All silver and a roll would usually contain at least 3 or 4 Standing Liberty quarters. Those with the date recessed usually still had full dates. Most others were dateless. Dateless Type I quarters were fairly frequent.

HALVES

Lots of Walkers still in circulation. Almost all walkers had readable dates. Once or twice a week I found a Walker with obverse mint mark. Found several 38-D and all other dates and mints except 1919 and 1921. Frequently encountered 40s walkers with mint luster.

SILVER DOLLARS

People actually spent silver dollars. The store took in about 5 or 6 a week. I didn't collect 'em and didn't look at 'em.

More later.

Steve


Edited by Firecom911
08/02/2007 9:59 pm
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 08/02/2007  10:06 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Wow, great story! I always wondered what kinds of coins were circulating during different time. Know I know what kinds were circulating in the 60's. Do you still have these?
Pillar of the Community
arthrene's Avatar
United States
1713 Posts
 Posted 08/02/2007  10:22 pm  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
That's awesome! It's great to have an "in" somewhere where you are free to search. For the last couple years I have been working at the local water park doing the accounting. I would always volunteer to roll the coin and would pull out the older, foreign or otherwise interesting coin I encountered. At the time I wasn't as addicted to coin collecting as I am now. I wonder how many things my untrained eyes overlooked!
Pillar of the Community
Irishraider's Avatar
United States
1454 Posts
 Posted 08/02/2007  10:58 pm  Show Profile   Bookmark this reply Add Irishraider to your friends list Get a Link to this Reply
A whole set of Lincolns out of change including an '09-S VDB. Now those were the days. That is an awesome story no matter who ya are!
Valued Member
Firecom911's Avatar
United States
161 Posts
 Posted 08/02/2007  11:19 pm  Show Profile   Bookmark this reply Add Firecom911 to your friends list Get a Link to this Reply
Amazon,

I kept my collection until I was a senior in high school.
College was looming and I needed a vehicle. I took a summer job and Mom and Dad matched what I saved for a car. Part of which was the sale of my collection.
In addition to my coin ablums I had BUNCHES of "keeper" coins that I pulled from circulation. Man, doncha know I wish I still had it!

Arthrene,

I know whatcha mean about "overlooking"! During Christmas season at the dime store there were so many rolls of coins that I had to rush to get through them.
Many many Buffalo reverses didnt get flipped for a date check 'cause they were VF or better and probably dated in the late thirties. At times like that I didnt even look at Jeffersons. Same for reverse-up Walkers, Mercs, etc. When time was not an issue, I flipped most every coin.
Valued Member
TimJing's Avatar
United States
346 Posts
 Posted 08/02/2007  11:29 pm  Show Profile   Bookmark this reply Add TimJing to your friends list Get a Link to this Reply
Great story. I really wish I grew up in the 60s, just for the fantastic time coin collecting would've been. Today looking through coin rolls is just... common date Roosevelt... common date Roosevelt... so boring, unless you get EXTRAORDINARILY lucky and find something interesting that hasn't already been found yet.

My dad grew up in the 60s and I'm sure he still has a ton of coins that I probably haven't even seen before! I do know that he never found a 1909-S VDB before, along with a few other of the scarcer dates.
Valued Member
Firecom911's Avatar
United States
161 Posts
 Posted 08/02/2007  11:34 pm  Show Profile   Bookmark this reply Add Firecom911 to your friends list Get a Link to this Reply

Good Evening, Irish!

I know you want to hear about finding the 09-SVDB. I have to work early tomorrow, but tomorrow night or this week-end I will (in this thread)tell you about it and some of the great finds I made back then.

Steve
Pillar of the Community
cladking's Avatar
United States
2270 Posts
 Posted 08/02/2007  11:49 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
I started collecting in 1957 and there really wasn't much of anything left. Oh sure, you could find the steelies, and the mercs. You could even find beat-up 15-S cents and an indian on rare occasion, but all the coins had been filtered through collectors' hands many many times. Even by 1945 the Numismatist reported that virtually all of the '09-S VDB cents had been removed from change. Many of my friends collected and the best anyone came up with was a G 1932-D quarter worth around $40. I found a '50-D nickel that I sold for $25 in 1964.

I also put together much of a buffalo collection but there were no mint marks before 1926 except the 23-S an '20-D. Most of the buffs were worn out. Remember that by 1964 more than half the buffs lacked a date and they certainly didn't get that much wear in seven years. If I had all the best finds from those days they would have little value today. The back rooms of coin shops are filled with these exact coins. They just don't bring much.

In contrast the coins in circulation today are hardly looked at by collectors. One hears of great rariries being found on a continuing basis. Even the numerous coins which don't command a premium today have great potential to have a premium in 50 years. Today you can't get a premium for something like an XF 1969 quarter but it's a safe bet that it's scarce today and won't be any more common in 50 years.

In fact, this really has been true since the first coins emerged from between two dies in the 7th century BC: people culled the best coins from pocket change leaving mostly the mundane behind. This quit though all over the world after WW II when precious metals were removed from circulation in country after country. People quit saving new coins. They didn't save them in mint condition and then they didn't save them after they became worn. They didn't even bother to save them as they were being carted off to the furnaces. Today there are large numbers of modern rarities that recently or still circulate. Our cents and nickels are in transition but the clads will probably be around a little longer and will still probably be ignored.
Time don't fly, it bounds and leaps.
Pillar of the Community
cladking's Avatar
United States
2270 Posts
 Posted 08/02/2007  11:56 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Coins in circulation are older now too.

The dimes and quarters are only 42 years old but that makes the quarter much older than the quarters in 1960. The oldest ones with a date were 1925 (only 35 years old). Cents only went back 51 years but today it's not unusual to get them 88 years old and 98 isn't overly unusual. Same with nickels. The oldest in 1960 was a 1914 or 46 years old. Today nickels from 1939 are quite often seen. This is 22 years older than the "old" days.

It's never obvious when it's happening but these are the good old days.
Time don't fly, it bounds and leaps.
Pillar of the Community
cladking's Avatar
United States
2270 Posts
 Posted 08/03/2007  12:01 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
I certainly appreciate your insights and your passion but I think you're remembering more what you wanted it to be like than what it was.

It was a lot of fun searching change and there was always a chance for the errant '16-D dime. The day they announced the date freeze was a sad day and then it went way down hill fronm there when they announced that clads would replace silver.

My only point really is that this isn't 1964 anymore. Things have changed.
Time don't fly, it bounds and leaps.
Pillar of the Community
zacharycash's Avatar
United States
668 Posts
 Posted 08/03/2007  12:07 am  Show Profile   Bookmark this reply Add zacharycash to your friends list Get a Link to this Reply
i wish I was old
Valued Member
TSmith3510's Avatar
United States
455 Posts
 Posted 08/03/2007  12:11 am  Show Profile   Bookmark this reply Add TSmith3510 to your friends list Get a Link to this Reply
Good story 911. I started in the late 60s. Sounds like you had better pickings then I did. I remember finding Lincolns from the teens, twenties, and thirties. Thought they were so old. I think I still have every coin I ever pulled from circulation. Thanks for the memories.
Pillar of the Community
cladking's Avatar
United States
2270 Posts
 Posted 08/03/2007  01:01 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
"i wish I was old"


Wanna trade? ;)
Time don't fly, it bounds and leaps.
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 08/03/2007  03:46 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
There really is little I could add.

I started collecting in 1956, and of course had no idea of what treasures I daily had in my pockets!
Pillar of the Community
zacharycash's Avatar
United States
668 Posts
 Posted 08/03/2007  04:40 am  Show Profile   Bookmark this reply Add zacharycash to your friends list Get a Link to this Reply
nope I'm good. thanks for the offer though =)

The missed oppurtunities will make your head explode.
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 08/03/2007  04:45 am  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Firecom, what car did you end up getting with the money?
  Previous TopicReplies: 41 / Views: 4,650Next Topic
Page: of 3

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.47 seconds to rattle this change. Forums