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Replies: 41 / Views: 4,654 |
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Pillar of the Community
United States
597 Posts |
In the last 10 years I have gotten two Buffalo nickels from circulation, one was in a casino, the other in a department store. Both of course were dateless. The one last year was kind of exciting, the first obsolete coin find in quite awhile, several years ago I would buy Franklins from cash drawers, etc but they were not as old. Yes it is possible to get very old coins, my oldest find in the past year was in roll searching, a 1910 Lincoln, but several from 1918-1919 turned up. Yesterday while out at the mall looking at a book sale, I looked in the fountain there and there was a wheatback cent staring up from 18" in the water, it looked from the wear to have been from the 1930's but I am not the type to pull coins out of a fountain.
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Pillar of the Community
United States
2254 Posts |
quote: Great story. I really wish I grew up in the 60s, just for the fantastic time coin collecting would've been. Today looking through coin rolls is just... common date Roosevelt... common date Roosevelt... so boring, unless you get EXTRAORDINARILY lucky and find something interesting that hasn't already been found yet.
I agree with this comment, but only to a certain extent. I think everything is directly proportional today compared to 1960. Mintages were lower, but so where the amount of people and collectors for that matter. I know it's not exactly a one to one ratio today, but back then saving some of those key date coins was still specualtion. You could look at mintages and make an educated guess. I see nothing wrong with looking at today's coinage and trying to find a top pop example of say a coin with 5 million minted. There will still be few coins at top pop, and with the rising collector count, you would be one of few to have one. That's what keeps my interest anyway. You only need 2 people to want the same thing to have value go up! JMO of course.
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Pillar of the Community
United States
2797 Posts |
Ahhh the memories ... I was 8 in 1960 and had been collecting for three years (thanks to my father). He would go to the bank and pick up a $50 canvas bag of pennies and empty them out on the dining room table. It was a family affair with my mom, brother and sister joining in. We were targeting 1909-S, SVDB, 14-D, and 31-S. In addition, we sorted any penny dated prior to 1940 into date and mintmark stacks. It would take us most of an evening to complete the sorting. Dad usually rolled and returned about $40 to the bank from the original $50 bag. The rest went into whitman's to fill holes and shotgun rolls by date and mintmark. This was usually a once-a-month event. We never found the elusive 09-SVDB, but did get one 09- S, two 14-D, and about six 31-S, and hundreds of shotgun rolls. We weren't looking for mint errors (except 55/55), so I don't know how many 22-No D, and other double dies passed through our tiny fingers. Dad fell into some hard times about 20 years ago while I was stationed overseas. Being the proud man he always is, he wouldn't ask for help. He unloaded his entire collection for a fraction of its worth. In later years I found out about this and told him that I had never lost the passion and would have given him a much better offer. Why is that water under the bridge always so murky? 
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Pillar of the Community
United States
597 Posts |
I can admit to collecting coins in the 1960's, but I wasn't looking for older dates etc. I just collected everything that even remotely resembled money according to my family. I didn't start really collecting until the paternal unit came home from Australia, Japan and Vietnam with a load of coins from those places. The best coin from that lot was an 1897 50 Sen from Japan, which my father has no idea how or where he got it.
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Pillar of the Community
Germany
1064 Posts |
You should all think yourselves lucky. I live in germany, where the coins in circulation are no more than 6 years old. I come from the UK where no coin is older than from 1971 as we changed our currency. When I grew up we had shillings used as 5 pences and things, but nothing interesting, now the 5 pences are smaller, and we can really only look out for the new coins, like the two pound coins and 50 pences. Though next year they tell us that new coin designs are coming out, oowww. I worked in the US and actually got into coin collecting because of that, canada and the euro was coming in a bit after. I got a dateless buffalo coin and someone told me to keep it, half dollars all the 1976 special coins and then when back at home searched through my 1 cent coins etc, but I really need to get back to the US. The State Quarters start at around $1 a piece up to maybe $3 and the new dollar coins are way to expensive, i´ll have to start asking americans if they have any.
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Pillar of the Community
United States
2797 Posts |
A follow-on to the younger folks here that may believe they missed the ship. You haven't! We all have early memories of coin collecting and kick ourselves for not recognizing opportunities until it was too late. Consider the poor fellow who, in 1930, saw that the Denver mint had uncirculated $20 St Gaudens still available for face value + shipping and passed on the deal (that's around a half a million $ coin today). In eighty years, which modern coin will be the 27-D? That's the fun ... it you work hard at it and do your research, you probably will have a collection worth a fortune in many years ... then your heirs will be the beneficiary. But they will talk fondly of you for the rest of their lives! 
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Pillar of the Community
United States
1173 Posts |
I suppose many of us collect what we consider "rare" based on the era in which we grew up. I cannot now resist good examples of 19th century or earlier coinage, because those coins were no longer circulating when I grew up in the 50's and 60's. They were esoteric and exotic when I was a kid.
I cannot generate any enthusiasm at all for modern proof coins and other "coins" that are not business strikes and were never intended for circulation. I certainly appreciate their artistic qualities, and support anyone who wants to collect them.
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Pillar of the Community
United States
882 Posts |
Guys, guys, guys... If I was back in the 60's I would be hoarding massive ammounts of star notes. Did they still have National Notes in circulation then?
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Pillar of the Community
United States
2271 Posts |
I'm told some of the federal reserve notes made since the '60's are almost impossible to find. They're all cheap because no one collects them.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
597 Posts |
I believe the Nationals had largely dropped out of circulation by then, but by all means United States notes were printed up until 1968 or so, and Silver Certificates through 1963. I remember in the mid 1970's getting Series 1950 notes in circulation and at one point having a Series 1953 United States Note $5 and spending it. I remember because of the red seal on it.
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Pillar of the Community
United States
1713 Posts |
quote: A follow-on to the younger folks here that may believe they missed the ship. You haven't!
quote: I suppose many of us collect what we consider "rare" based on the era in which we grew up.
As one of the "younger folks" I'd have to agree with these two statements. At the time when certain coins are plentiful most collectors will choose to search for the older things rather than hang on to what is new and plentiful. We get into the mindset of "There are a lot of those and I'll still be able to get them later." Eventually, later comes and those once plentiful coins become increasingly difficult to get a hold of. And those older coins we searched for disappear entirely.
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Pillar of the Community
Australia
2830 Posts |
G'day from Oz, I started collecting in the 1960s, as a child. Dad would let me keep any pennies from his cash register, in order to build up a year set. I didn't know much about mintmarks then. Decimal conversion in 1966 motivated me again, and I tried to accumulate the silver coins that still circulated upto c1971. After that, I put aside any commemorative coins that came into my pocket. Last year I got back "into" collecting. I'm trying to build up a complete set of Australian circulating coins, by type & years, since 1966, from circulation. I'm getting there. NCLT has no interest for me. Proof sets are only slightly interesting. Real coins are made round to go 'round: and this way, I don't have to pay too much. So, I agree that "it used to be fun" ... AND "it's still fun now". The Australian 20-cent of 2001 came in eleven different reverses, and three varieties of obverse. The Australian 50-cent of 2001 came in ten different reverses, ... and I only started catching up in 2006. ... as the CCF motto says "what's in your pocket ?" - is where it all begins. Peter in Oz
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Valued Member
 United States
161 Posts |
Amazon, Re my car... With some shopping help from my parents and a bit of searching, I ended up with a 1962 Chevy. Two years old, clean, and ran great. I kept that car until 1970. Definitely got my money's worth, but...I wish I had kept my coins! LOL!
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Valued Member
United States
455 Posts |
Hey, you know folks are always talking about the good old days, the 60s and stuff. Maybe 40 years from now collectors will be talking about all the great finds they came across in the '00s (is that what you call this decade?). True we're into cheaper metals, no silver or gold, clad coins. What will be the best contemporary picks from today? Circulating coinage, maybe, but I doubt it. ASEs? AGEs? Commemoratives? Silver State Quarters? More than likely they'll be looking how inexpensive classic coins, key dates, etc., could be scooped up for. I suspect the prices today will look real cheap in 40 years even after factoring in inflation. What do you think guys?
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Valued Member
United States
314 Posts |
The 1960 days I wish grew back in those days. I was born in 1971 and its amazing how times changed. Even when I grew as an kid back in 1980 something. I never remeber any pre 1964 silver coins out there anywhere. It took me intill 1990 something to get my first pre 1964 silver quarter from an coin roll. I never will forgot that day. I going use them in the washing machice. I amazed I found it and saved it. The sad thing is I saved all wheat pennys or old Jefferson nickels for over 20 years. I bought books in 2007 and could not even finish my books after saving an lifetime of wheats, and pre 1960 nickels. I had to buy nickels such as wartime silver, keys such 1950d, 1948s, all the 38 mint marks etc to finish my book. In 2007 I went thru 600 dollars worth fed boxes and still never completed my set. I found my first 1926 nickel about monlth ago in an fedbox. Its wore out buy I going save it as an keepsake. It took me lifetime to find that coin. My big Lifetime finds was. In 1990 something when I worked at bowling center as an mechanic. My boss called me told me. Some Kid just spent 2 bucks worth of pre 1930 pennys. My boss gave to them since he knew I collected them. After working there for 8 years . It me 8 years to get 120 dollars worth of susan dollars, 60 dollars worth halves not silver, maybe 120 worth of two dollars bills. I was luckey serval of those batchs the numbers are repeaters and came out the same fed brick in 1976. My twos are staying together for rest of my life since numbers match up. I never seen again or may never. My bosses always saved all the good stuff for me. I amazed we never got more than we did since we had over 40000 to 50000 in cash go thru that bowling center each monlth. I worked there 8 years and took it me serval million dollars going thru that place for collect up those old coins or those other things. I never seen an Ike dollar go thru place in 8 years. I never knew those coins or two dollars bills were never used and so hard to find. I was luckey my boss was not an coin guy and he liked me . Thats onley reason I got them all. My silver coins such as Peace dollars or morgons or ikes or very old stuff. Onley reason I have those was my father saved them before I born or when I little kid. My morgons and Peace dollars was given to my father from his father in 1950 somethimg. They were passed to me and I will pass them to my kids later. Its amazing how times changed and these days all we have clad coins out there. These days I have to buy old coins to build sets and try find stuff and never do on roll searching. It would so cool to build an set without buying the coins on ebay. I wish I grew up in those days and pulled all pre 64 silver coins , wheats of the bank rolls. You had good back in those days before they removed all silver coins from the bank rolls. Chevrolet454ss
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Replies: 41 / Views: 4,654 |