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 Replies: 15 / Views: 1,215 |
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Valued Member
United States
73 Posts |
Hi, I couldn't find anything telling me what the letters written on this holder meant, I was hoping someone here could assist me. Thanks in advance!   Update: additional pics w/o the holder   *** Moved by Staff to a more appropriate forum. ***Edited by Jim_Shorts01
07/30/2015 12:44 pm
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Rest in Peace
United States
17900 Posts |
More than likely this is the code telling the previous owner of this coin how much they paid for it, and possibly other information, such as who they purchased it from and/or when they purchased it.
It is a common practice to come up with a one, two, or even three word phrase having 10 different letters and assign each of those letters a value. Then, the owner can look at this information and tell exactly what they paid for the coin without you knowing that information and without them having to refer to some inventory listing.
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Bedrock of the Community
United States
94367 Posts |
 Well said. |
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Pillar of the Community
 United States
2362 Posts |
I think they are 'record keeping' notes of the owner and not related to the coin or it's attributes. Just my opinion of course. 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
3499 Posts |
I agree with Coinfrog & cipster on this one.
And this raises some interesting questions as to whether one should record provenance, amount paid, and date of acquisition on each coin holder. I do. And now I wonder if I should come up with my own form of Caesar's cipher.
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Valued Member
 United States
73 Posts |
Thanks for the great explanation guys!
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Valued Member
United States
73 Posts |
Is it also okay if I ask what kind of grade you would give this coin?
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Moderator
 United States
14463 Posts |
I have moved this to the grading section  At the top of the obverse, is that a scratch on the coin or the 2x2? |
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Pillar of the Community
United States
9792 Posts |
Quote:
And now I wonder if I should come up with my own form of Caesar's cipher. It's a good idea, I can't think of a dealer that doesn't use own of their own. You can use Google to help you. Just do a search on 10 letter words with no repeated or duplicated letters, or use a multiple word that doesn't use repeating letters. Find one you like and can remember quickly. A dealer friend of mine (long time ago) used Bankruptcy, LOL! I added x, y and z in between numbers like dates, price paid, and sometimes just nonsense to throw off other guys trying to figure out what my price code was. Some dealers have multiple codes, ones that other dealers know for discounting as a wholesaler, and one they only know for what they really paid. "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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Pillar of the Community
United States
4932 Posts |
Grade wise, a 62 or a 63?
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Valued Member
United States
73 Posts |
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Pillar of the Community
United States
1554 Posts |
Grade wise AU+
Edited by 1893S
07/30/2015 12:57 pm
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Pillar of the Community
United States
932 Posts |
Maybe a serial code for the dealer...
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Pillar of the Community
United States
1959 Posts |
I do this for all my coins. A code for price paid and date. I'm not a dealer, I just like to keep a secret record.
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Bedrock of the Community
United States
94367 Posts |
Looks pretty nice to me. I would say 63 anyway.
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Bedrock of the Community
United States
12057 Posts |
I used BLACK and WHITE for costs, the numbers being from 1 to 0.
Example: A raw coin in a 2x2 which I paid $256.36 for = LKW.AW written on holder by me, that way if I have it valued at $290 I know what it's worth vs. what I paid for it, and if I list the same coin for sale on the Bay, it would be somewhat obfuscated enough so that bidders wouldn't have that bit of information.
(No, I don't sell anymore! :)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Replies: 15 / Views: 1,215 |
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Posted 07/29/2015 6:19 pm
