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Coins Vs Mere "Change"

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PWinDavis's Avatar
United States
86 Posts
 Posted 08/10/2012  6:53 pm  Show Profile   Bookmark this reply Add PWinDavis to your friends list Get a Link to this Reply
I've started collecting classic U.S. coins, late 19th century to mid 20th century. I do have the State Quarters, a few Ikes, and I just bought 3 Franklins that are my birth year, but I'm sort of new around here and open to whatever comes along.

I suppose I'm bias toward silver, new coins don't have the content, the ring to them that the older coins do.
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Libertad's Avatar
Canada
3692 Posts
 Posted 08/10/2012  8:17 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I thought that this was the whole point of collecting...
In any case, these modern coins are gateway coins for new collectors, which in this hobby/industry is divine intervention.
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Dave H's Avatar
United States
1436 Posts
 Posted 08/10/2012  8:56 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
As Jayman 931 said "If nobody collected coins of their era we would never have the BU/MS older coins that are collectible now..."

I love to look back on the HISTORY that every coin has been through in it's lifetime. We need to remember that we are only stewards of the coins we have been lucky enough to obtain while we're here.
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ninamason's Avatar
United States
1227 Posts
 Posted 08/10/2012  11:55 pm  Show Profile   Bookmark this reply Add ninamason to your friends list Get a Link to this Reply
My answer is a double . . .

I collect money that was once spendable by people in my country. I have no interest in commems, ancients, tokens, etc. In that sense, it is, in fact, "pocket change"--even moreso because most of my collection comes out of my drawer at work. To me the fascination is in the fact that this was once not just spendable, but common, money--when my grandfather was in WWII, Mercury dimes would still have far outstripped Rosies, for example. Now people look at them like they're foreign objects. Whew!


On the other hand, once I pull a coin or bill, it ceases to have value as spending money to me. I can't imagine cashing in my rolls of wheats, for example, or taking my foreigns down to the bank to convert. This isn't just because I'm holding onto them for my nieces--coins that reside in my shoebox simply aren't money anymore.
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 08/11/2012  01:53 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
I also have a multiple answer of sorts.

I tend to collect some kinds of coins that are "outside" the realms of pocket change to begin with, such as counterfeits (contemporary and modern), ASEs (bullion and proof) and silver 5 Bolivares (basically old Venezuelan silver dollars). These are things that aren't really "spendable" as it were, and are in a very separate category.

However, the majority of my current interest is firmly rooted in finding things "in the wild" via pocket change, CRH, and circulating counterfeits, so the line here is much more blurry. Some of these pieces are worth "taking out of circulation" (i.e. as ninamason said, they "cease to have value as spending money") where others are simply fun to hold and fun to spend (for example: halves, $2 bills and dollar coins, which I both "collect" and do business with daily).
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cladking's Avatar
United States
2271 Posts
 Posted 08/11/2012  5:11 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Since I was very little I've been intrigued by the concept of "circulation", especially as it applies to metal coins rather than paper money. The idea that a coin can pass randomly from point to point and then be carried long distances and is valued by people is very appealing to me. It's the randomness mostly. People don't pick out specific coins for specific applications like using only states coins in machines or shiny coins for beggars, they just pull out a coin. The more a coin type circulated, the more a coin just like it traded hands and wore out the more appealing it is to own a pristine example. Even tokens that get a lot of play are interesting to me since they were carried around and actually used as money; as value.

Some coins almost disintegrate in circulation because of a very high velocity and low quality metal such as the E German minor aluminum coins of the '50's and '60's. Nice examples are really elusive. I don't mind owning actual circulated specimens where high grades are too expensive but I have a big preference for Uncs and Gems. I even like proofs especially when they are like the circulating coins. Ultimately all coins have a connection to pocket change or they wouldn't be interesting to me. But then, I collect medals as well and they don't truly circulate except generationally.
Time don't fly, it bounds and leaps.
Bedrock of the Community
United States
20753 Posts
 Posted 08/11/2012  7:07 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
My view on collecting coins...

I want one of everything...even if there is only 1!

Me too so put that one down, I want it first.
I collect coins, all sorts, all dates, all types as long as they are coins. And some that aren't too.
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trout1105's Avatar
Australia
7096 Posts
 Posted 08/11/2012  7:23 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
I collect everything
Circulated NCLT mint sets etc etc.
If I haven't got a particular coin I will hunt it down
I used to only collect Aussie pre decimal coins but once I thought I had completed those sets I went onto The Aussie decimals.
I then started on US coins and Canadian coins.
I will never have a complete set of anything because there is always a better coin out there to add to the collection
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matthewvincent's Avatar
United States
3486 Posts
 Posted 08/11/2012  7:38 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
trout105, I call my sets "complete", but they are never finished.
The next "upgrade" is always to be found out there, somewhere ...
New Member
United Kingdom
16 Posts
 Posted 08/11/2012  9:39 pm  Show Profile   Bookmark this reply Add gaelic_femme to your friends list Get a Link to this Reply
Except for a very few exceptions I value my coins on their metal value only. I have reached the point in my life where I do this as an investment only, I find that collecting coins for their numismatic value has too much risk.

That being said, I am a great student of history and I love really old coins. I love holding them in my hand and imagining who else might have held them. What have they seen, where have they been? So I do buy coins for their age and have no care of what their value is. I am trying like mad to create a nice Celtic coin collection and early British Isles coin collection. I don't collect these for investment value just the coolness of having them.

I came across a 1840 half crown earlier this month and just love it. It just thrills me thinking of where its been or maybe some important historical figure used it or some child received it as a Christmas present. I don't know I know its silly, but I love it.
Bedrock of the Community
United States
20753 Posts
 Posted 08/12/2012  10:19 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I will never have a complete set of anything because there is always a better coin out there to add to the collection

That is so true. I started collecting coins from change a long, long time ago. Then slowly started to purchase coins to improve the overall condition of Albums. This slowly turns into an obsession to make a set as perfect as possible which is almost impossible. There is always a coin out there that is a little bit better, somewhere.
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trout1105's Avatar
Australia
7096 Posts
 Posted 08/12/2012  10:23 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
There is always a coin out there that is a little bit better, somewhere

yep and don't ya just love that
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ninamason's Avatar
United States
1227 Posts
 Posted 08/12/2012  7:42 pm  Show Profile   Bookmark this reply Add ninamason to your friends list Get a Link to this Reply
gaelic_femme, I don't think that's silly at all. My favourite coins are from the late 30s through mid-40s--coins my grandparents may have received for penny candy or carried across the ocean and back as lucky pieces during WWII. Even though I know the odds are that none of the coins I have ever actually sat in my grandparents' pockets (and even though there is 100% NO WAY to know for sure), I feel more connected to them holding those dates in my hand, as though a piece of them--the very young part that, by necessity of genetics, I never got to know--lives on in those pieces of metal. Is it possible that the Mercs and 1940s wheaties I own might once have boarded a train with my newly-enlisted grandfather at Union Station, still a few months shy of his 18th birthday and already on his way to Nagoya, Japan? My grandmother's nickname, "Penny Pretzel," came from the pennies she would ask for at the roller rink to buy her favourite snack and is so associated with her that to this day, twelve years after her death, you can visit her grave and find half a dozen pennies laying on the stone--were any of my pennies ever passed across a counter by her hands? Did she ever throw one of my 57's or 58's in a jar to save up for the baby, my mother, she had on the way?

I don't think your reasoning is silly at all. I think at heart, it's why a lot of us collect--there's more to history than battlefields and leaderships. Who knows--your half-crown may have been spent by, among other people, Oscar Wilde and Sir Arthur Conan Doyle. Wouldn't it be amazing to know it was part of the payment received for A Study In Scarlet or The Portrait of Dorian Gray? These are the what-ifs that make the hobby exciting.
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