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Numismatic Chastity Query

 
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Author Previous TopicReplies: 5 / Views: 361Next Topic  
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 Posted 03/01/2021  09:34 am Show Profile   Bookmark this topic Add Kcm to your friends list Get a Link to this Message
Assume, please, the following: a coin was minted in 1959 (year randomly chosen; coin denomination left to the discretion of my responder). Assume it circulated until say..., 1963 when a collector now long lost, viewed it to grade close to 40, and so sealed it in a cardboard 2x2, believing, wrongly, that over time it would accrue adequate added value to cover his/her rescue effort.

Set aside, please, for purposes here, the fact that these 58 years later, a coin collector might like to have what's left of it after further circulation for an album. I query, what arguments would support putting such a coin back into circulation where it will surely degrade at best, disintegrate at worst? What counter-arguments to more circulation, if any, rise in a numismatist's thoughts?

Kevin
Given the option of choosing between a very interesting coin or a rather valuable one, I'd choose the former every time . My vexation lies in the fact that the two so often coincide.
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 Posted 03/01/2021  7:39 pm  Show Profile   Check BadThad's eBay Listings Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
There shouldn't be any counter arguments, this is a very common coin, especially in EF-40. Unless it has some sort of sentimental value it's worth exactly 1 cent.

I've tossed mint state examples of 1959's (they were pretty ugly) back into circulation. My main motive, besides cleaning my coin area, is to hope someone finds it in the their change and takes an interesting in coin collecting.

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 Posted 03/01/2021  7:50 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I've done the same, I had a large collection of wheat cents that were cleaned, I used them as change until they were gone. If anyone saved them they have a pretty cleaned Wheat cent.
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238 Posts
 Posted 03/02/2021  09:19 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply
I penned
Quote:
coin denomination left to the discretion of my responder


You both took me at my word, focusing squarely on the 1959 LWC.


Quote:
Unless it has some sort of sentimental value it's worth exactly 1 cent.



Quote:
I've done the same, I had a large collection of wheat cents that were cleaned...,


I muse that if this is done often enough in the next 60 years, a no longer common EF-40 LWC from 1959 will gain value.

I assume you both could and would as easily substitute a '59 Jefferson into your response. Meanwhile, back at the ranch, I cannot divine a 1959 silver which lacks added value, so I'll wander here in desperation.

I'll adopt the chosen denomination but mess with it a bit, if you'll allow. What I'm attempting to accomplish is to get a bearing on the mind of some devout numismatists. Bearing in mind that nothing of the sort has been minted since 2013 or is likely to ever be minted again (too costly!) would it alter your responses if it were a 1959 Canadian penny? Or would you act with the same lack of hesitation?

Kevin

Given the option of choosing between a very interesting coin or a rather valuable one, I'd choose the former every time . My vexation lies in the fact that the two so often coincide.
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 Posted 03/11/2021  8:00 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
My response is that of BadThad. Set it free.
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 Posted 03/12/2021  09:37 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply

Quote:
My response is that of BadThad. Set it free.


@Ballyhoo, I perceive a vast chasm between my question and @BadThad's response. A question begins as a quest. @BadThad's response is to a quest I'm not on. With no hesitation, I accept blame for the discrepancy.

I'm unable to pick the fruit of your kind response because I cannot confidently assign your response to either quest. I could very easily if I could know what noun you held in mind when you employed the pronoun "it." Are you making reference to a specific coin (as does @Badthad)?

Regardless, please accept my gratitude for your time spent on my behalf.

Kevin




Given the option of choosing between a very interesting coin or a rather valuable one, I'd choose the former every time . My vexation lies in the fact that the two so often coincide.
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