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Advice For Young Collectors....from 1873!

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New Member

Canada
9 Posts
 Posted 01/13/2013  09:36 am Show Profile   Bookmark this topic Add Toronto to your friends list Get a Link to this Message Number of Subscribers
I recently saw the following article in the Canadian Antiquarian and Numismatic Journal, from October 1873. This was Canada's first numismatic publication, published between 1872 and 1933.

"Never be induced to pay extravagant prices for worthless coins. There are some coins which command, and are worth a large price. But these are in fact very few. Even the rarity of a coin is no test of its real value to a collector. It may increase the price of the article; but the young collector should bear in mind that the high price asked for the coin because it is rare, ought not to make him desirous of possessing it. The moment the collector begins to value the coins because of their rarity, he descends in the scale of Science; and when he seeks to possess rare coins, merely because of their being rare, he becomes a speculator, envious and uncomfortable in the presence of others, and ceases to be a genuine Numismatist. Read as you collect. Never let a coin lie in your cabinet that you cannot give a history of, or connect with some historical event if possible. Be careful that your collecting habit does not become a mere matter of curiosity. Let it rather be a constant aid to your study."

Good advice, in my opinion!
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BLadd's Avatar
United Arab Emirates
557 Posts
 Posted 01/13/2013  09:40 am  Show Profile   Bookmark this reply Add BLadd to your friends list Get a Link to this Reply
I agree!
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1945V's Avatar
Canada
386 Posts
 Posted 01/13/2013  10:32 am  Show Profile   Bookmark this reply Add 1945V to your friends list Get a Link to this Reply
Good advice is timeless, even after 141 years.

It is interesting to see how well written the article is. With no television, radio or internet, I guess people really had time to focus on their writing skills.
Edited by 1945V
01/13/2013 10:39 am
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chequer's Avatar
Canada
4227 Posts
 Posted 01/13/2013  10:51 am  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
Thanks for sharing. Love it.
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RoyalSilver's Avatar
Canada
933 Posts
 Posted 01/13/2013  11:10 am  Show Profile   Bookmark this reply Add RoyalSilver to your friends list Get a Link to this Reply
very nice, thanks for posting.
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Libertad's Avatar
Canada
3692 Posts
 Posted 01/13/2013  11:12 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I'd have to agree with the point of being able to give a history on each coin you exhibit. If a friend were to ask you why you collect you should be able to back it up with a story and not just an "I don't know it's shiny" phony excuse. Good find!
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SPP-Ottawa's Avatar
Canada
10463 Posts
 Posted 01/13/2013  11:18 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
I think that is why I was drawn to certain aspects of exonumia, not because they are rare, but because the coins have stories to tell...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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nickle nubber's Avatar
Canada
247 Posts
 Posted 01/13/2013  11:38 am  Show Profile   Bookmark this reply Add nickle nubber to your friends list Get a Link to this Reply
Great find,still stands today.
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glenzy1's Avatar
Canada
1554 Posts
 Posted 01/13/2013  12:22 pm  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
Toronto, nice to be enlightened of the "true" fundamentals of Numismatics!

Glenn
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 01/13/2013  12:54 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply
It would be funny to read what was considered a worthless coin in 1873.

Pretty much every MS-65 would be a prize today.
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Hoop130's Avatar
Canada
333 Posts
 Posted 01/13/2013  3:58 pm  Show Profile   Bookmark this reply Add Hoop130 to your friends list Get a Link to this Reply
Wonderful advice!!
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MJT's Avatar
Canada
196 Posts
 Posted 01/13/2013  4:21 pm  Show Profile   Bookmark this reply Add MJT to your friends list Get a Link to this Reply
I still love my MS-65 coins.
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