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








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 1963.

To participate in the forum you must log in or register.
Author Previous TopicReplies: 14 / Views: 2,329Next Topic  
Valued Member
Ambro's Avatar
United States
66 Posts
 Posted 12/13/2011  3:12 pm Show Profile   Bookmark this topic Add Ambro to your friends list Get a Link to this Message Number of Subscribers
I recently picked up a very interesting magazine from 1963 called ,"Coin collecting For Fun and Profit by the editors of Coin World", 1963.
Some interesting Facts;
* Department store Gimballs has a full page ad buying and selling coins.
* Roll collecting was the rage.
* Cleaning coins was frowned upon even then.
Some intersting Quotes;
* " Today there are more than 5,000 full time coin dealers across the country who buy and sell coins and supplies each year."
* " Then suddenly Zoom! Within a few months in 1963 it became apparent to thousands of people outside the hobby that coin investment could be Big bussiness. And overnight it WAS big Bussiness".
* "Collecting is at a peak of price and all old records are being broken".
* (Reguarding the release from the mint of hoarded Morgan dollars)"For example the 1903 O Morgan in Unc. condition dropped from $1500 to $25." (ouch!)
* " Proof sets should come out of the cellophane mint-sealed package because all cellophane contains nitrate a tarnishing agent".
Attached images are of the highest priced coins at the time.
There is also an extensive price quide, so if you would like the 1963 price on anything, just ask.
Enjoy!
PS. Note the 1933 Twenty dollar gold piece for $4,400--I thought they were illegal to own?
Coin-Collecting-In-1963.
Coin-Collecting-In-1963.


Coin-Collecting-In-1963.
Edited by Ambro
12/13/2011 3:16 pm
Pillar of the Community
Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 12/13/2011  4:17 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
I always love reading older coin books or catalogues!

Thanks for Sharing!
Pillar of the Community
barryg's Avatar
United States
5857 Posts
 Posted 12/13/2011  5:04 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
The 1804 silver dollar was only worth $36,000 back in 1963? Quick -- where's my time machine!
Pillar of the Community
Apollo's Avatar
Canada
1610 Posts
 Posted 12/13/2011  5:15 pm  Show Profile   Bookmark this reply Add Apollo to your friends list Get a Link to this Reply

Quote:
Quick -- where's my time machine!


Sorry barryg, I used it to go get that 1913 Nickel for $50000
Pillar of the Community
barryg's Avatar
United States
5857 Posts
 Posted 12/13/2011  5:44 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
I'd rather have the dollar. Nickels just don't impress me...
Moderator
Learn More...
jbuck's Avatar
United States
188990 Posts
Pillar of the Community
Learn More...
cipster's Avatar
United States
2362 Posts
 Posted 12/13/2011  6:11 pm  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
WOW - the 1787 Brasher Gold Doubloon was worth $7600 in 1963 and just sold for $7.4 million a few days ago. And I wasted my money buying IBM stock...
Member ANA and EAC

"You got to lose to know how to win".
Dream On by Aerosmith
Pillar of the Community
westcoin's Avatar
United States
9792 Posts
 Posted 12/13/2011  8:06 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I've held both Brasher Doubloons in my hand, before they were graded, awesome, and to think, only about the cost of a house then, back when I was only a twinkle in my mothers eye!

Always said I was born 25 years too late to really get into the collecting hobby, I would've collected Patterns 1st then weird stuff like I do now 2¢, 3¢, 20¢, and old bust coinage was still afordable in decent grades like XF-AU.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Bedrock of the Community
United States
20753 Posts
 Posted 12/14/2011  10:09 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Those old type books, magazines, etc. are always interesting. Used to be a place where you could get copies of old newspapers and magazines in my city. To bad gone now. I've got all the Red Books from the 1st to present and it is fun to sometimes look up a coin from a 1947 price guide.
Thanks for posting that one.
Pillar of the Community
j_h_s's Avatar
United States
1934 Posts
 Posted 12/19/2011  08:48 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
cipster....you're not alone.

Id have loved the magazine to indicate condition of the coins listed.

Valued Member
United States
55 Posts
 Posted 12/19/2011  3:30 pm  Show Profile   Bookmark this reply Add Radarcoin to your friends list Get a Link to this Reply
1963...Ahh. if I knew then what I know now!
Edited by Radarcoin
12/19/2011 3:30 pm
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/19/2011  5:39 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
* Department store Gimballs has a full page ad buying and selling coins.


Gimbels wasn't the only department store with a leased coin or stamp department. Lazarus (Columbus, Ahia) and Macy's had them. Even Woolworths had a Berg case full of coins for sale.
Moderator
Learn More...
jbuck's Avatar
United States
188990 Posts
 Posted 12/19/2011  6:02 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Back around 1983~1984, the local Sears (at the mall) had a coin and stamp department. It was "managed" by a local dealer, but they also sold the coin and stamp items featured in the Sears catalog.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/19/2011  6:40 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I bought seven near-new Berg cases from a guy who pulled his Sears sublets.

They required him to honor Sears policies, including 30-day return. This in effect made him a guaranteed profit bullion seller. Silver goes up, customer keeps it, down, and he returns it.
Moderator
Learn More...
jbuck's Avatar
United States
188990 Posts
 Posted 12/19/2011  6:48 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
This in effect made him a guaranteed profit bullion seller. Silver goes up, customer keeps it, down, and he returns it.
Ouch.

I do not remember much about the Sears dealer. I was only 14 at the time, so my interests in bullion (or most silver coinage, for that matter) was nonexistent. I do not remember buying too many coins from them, mostly supplies (my record keeping was also nonexistent).
  Previous TopicReplies: 14 / Views: 2,329Next Topic  

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 0.45 seconds to rattle this change. Forums