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Replies: 14 / Views: 2,329 |
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Valued Member
United States
66 Posts |
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?    Edited by Ambro 12/13/2011 3:16 pm
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Pillar of the Community
Canada
4944 Posts |
I always love reading older coin books or catalogues!
Thanks for Sharing!
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Pillar of the Community
United States
5857 Posts |
The 1804 silver dollar was only worth $36,000 back in 1963? Quick -- where's my time machine!
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Pillar of the Community
Canada
1610 Posts |
Quote: Quick -- where's my time machine! Sorry barryg, I used it to go get that 1913 Nickel for $50000
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Pillar of the Community
United States
5857 Posts |
I'd rather have the dollar. Nickels just don't impress me... 
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Moderator
 United States
188990 Posts |
Thank you for sharing! 
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Pillar of the Community
 United States
2362 Posts |
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
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Pillar of the Community
United States
9792 Posts |
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
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Bedrock of the Community
United States
20753 Posts |
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.
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Pillar of the Community
United States
1934 Posts |
cipster....you're not alone.
Id have loved the magazine to indicate condition of the coins listed.
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Valued Member
United States
55 Posts |
1963...Ahh. if I knew then what I know now!
Edited by Radarcoin 12/19/2011 3:30 pm
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Rest in Peace
United States
9104 Posts |
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.
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Moderator
 United States
188990 Posts |
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.
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Rest in Peace
United States
9104 Posts |
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.
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Moderator
 United States
188990 Posts |
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).
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Replies: 14 / Views: 2,329 |
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