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A Sampling Of Ads With Coin Prices From 1904 (Just For Fun)

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yelimsexa's Avatar
United States
186 Posts
 Posted 12/16/2015  2:42 pm Show Profile   Bookmark this topic Add yelimsexa to your friends list Get a Link to this Message Number of Subscribers
Inspired by the 1944 thread, I found a bound volume online of the Numismatist from 1904, and found quite a bit of goodies at a time when 19th century coins only were collected for a select number of rarities, and Civil War tokens were only worth as much as common Wheat Cents are today, with even the "big rarities", such as 1804 Morgan dollars and 1776 Continental Dollars obtainable for $1000 or less. Don't cry when you look at some of the prices, please.

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun


A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

Here's a Stella for just one month's pay:

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

And last but not least, from the Rockefeller of coin dealers:

A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun

Keep in mind that this was in an era before collecting CC mints, 1877 Indians, and 1893-S dollars had become aware. One article even mentioned how Americans weren't that much of a hoarder but a spender, which is not surprising since most of the current coins at the time widely circulated, which consequently accounted for the rarities in higher grades that we see today. I doubt that coins from the late 20th/early 21st century will be worth significantly more though 100 years from now.
Edited by yelimsexa
12/16/2015 2:55 pm
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CSOTUS's Avatar
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 Posted 12/16/2015  3:04 pm  Show Profile   Bookmark this reply Add CSOTUS to your friends list Get a Link to this Reply
these prices are awesome. $11 for a proof flying eagle. Yes please :)

Thanks for sharing this.
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CopperCastle's Avatar
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1132 Posts
 Posted 12/16/2015  3:06 pm  Show Profile   Bookmark this reply Add CopperCastle to your friends list Get a Link to this Reply
A 1797 chain cent for $20. I'll take 100 of these please.
You'd be hard pressed to find knock-off's @ these prices today.
Edited by CopperCastle
12/16/2015 3:07 pm
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CSOTUS's Avatar
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 Posted 12/16/2015  3:15 pm  Show Profile   Bookmark this reply Add CSOTUS to your friends list Get a Link to this Reply
A 1836 proof US dollar for $15. Isn't that a Gobrecht dollar?
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52Raymo's Avatar
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 Posted 12/16/2015  4:06 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
I'll take the two 1856 Flying Eagles for 13.50 and 11.00.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Coinfrog's Avatar
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 Posted 12/16/2015  4:43 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
And how about those proof Trade dollars for $1.65 each?!

Great thread!
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jbuck's Avatar
United States
187702 Posts
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ChildOfTheWheat's Avatar
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 Posted 12/16/2015  5:03 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
$4 Stella for $50...
A-Sampling-Of-Ads-With-Coin-Prices-From-1904-Just-For-Fun
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T-BOP's Avatar
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 Posted 12/16/2015  6:09 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

this is the kind of reaction future coin collectors will have when they find coin listings of our present time 112 years from now.
OMG ,an 1893-S Morgan dollar in AU-50, Only $21,000 !
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CLS12's Avatar
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509 Posts
 Posted 12/16/2015  7:31 pm  Show Profile   Bookmark this reply Add CLS12 to your friends list Get a Link to this Reply
Who's printing out this ad and mailing their order to the listed address?
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cipster's Avatar
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2362 Posts
 Posted 12/16/2015  8:10 pm  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
I'd like to order a wheelbarrow full of the 1864 $3 gold coins @ $7 each. Can I pull up to the drive through window now?
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paralyse's Avatar
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 Posted 12/17/2015  12:40 am  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
For the heck of it I took Von Bergen's ad and updated the pricing to current approximations.

1852/51 Humbert $20 Assay (.884), octagonal, was $100, now only $28,500.

1879 Stella (Proof), I'll assume Flowing Hair, was $50, now only $230,000 (in PR65)

1794 $1, weakly struck Good, was $50, now only $67,500.

1796 50c in AG, 15 stars, was $50, now only $27,500.

1815/2 50c, not a proof (first was '18), must mean prooflike, therefore probably MS63 or better. Was $10, now $55k to $120k (MS63-MS65) without add for PL

1796/5 H10C, "tarnished" (i.e. toned), prooflike (no proofs exist), was $15, now figure $42,000 in MS63 (+PL add)

1796 Half Cent, split graded AG/Basal, was $20, now only $10k (w/pole) to $20k (w/o pole), assuming you can ever find one for sale.

24 cent encased stamp, I'm going to assume this is a Gault specimen since the reverse is not described, was $20, now $3,000.

1 cent encased stamp, Arthur M. Claflin, Hopkinton, was $10, an example sold at auction in 2005 for $15,500.


From Arnold Numismatic Company, that 1793 Chain cent in an unspecified Very Fine, with unspecified reverse: assuming AMERICA rev: was $20.00, now $30,000 to $50,000.
The 1799 Large Cent in Very Good: was $32.50, now $9k-$12k

The "1836 proof dollar", with unspecified die alignment, was "only" $13.50, now you can pick up a "low grade" PR64 example for only $90,000.

To keep this in perspective, in 1904, an average worker earned $0.20 to $0.25 per hour, or $200-$400 a year; a well educated professional might make $2.5k to $4k a year. Coin collecting was a hobby of the very wealthy.
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paralyse's Avatar
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12057 Posts
 Posted 12/17/2015  01:01 am  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Also, the reference to the famous Hard Times token guru, coin dealer with Scott & Co., and Civil War vet Lyman Low is interesting, since this predates his famous robbery by 4 years. It's a great "NY Story."

In mid-1908, Low had relocated to a store at #14, East 23rd (now the home of a Quizno's, a bar, and a salad joint) -- nearby at #28, East 23rd (now a former shoe repair shop next to a McDonald's) was a fellow NYC dealer and collector (Joey Negreen.) The unfortunate (and uninsured) Mr. Negreen had been burglarized, and the thieves cleaned out his store for an estimated $5,000 (in 1908 dollars) haul of coins including 500 Flying Eagle cents and 50 Half Cents. It wasn't all bad news: they missed the $5k of early gold pieces in an unlocked wooden cabinet for some reason.

Mr. Low had gone across the way to offer his condolences. Now, to attract customers, he had kept a case/cabinet out front of his shop, on the street (!) to display some rare coins -- ancients mostly -- but being a smart fellow, the coins were all electrotype forgeries. After returning to his shop, he found that in his brief absence while at Negreen's store, the case in front of his own store had been broken open and a "lucky" thief, maybe the same one who hit Negreen's store, had stolen all of his fake coins that were on display, leaving the real coins inside the shop untouched!
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Edited by paralyse
12/17/2015 01:02 am
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llewellin's Avatar
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1005 Posts
 Posted 12/17/2015  01:13 am  Show Profile   Bookmark this reply Add llewellin to your friends list Get a Link to this Reply
Looks like pretty much everything there surpasses inflation; that should mean that supply to demand ratio has gone down quite a bit for those coins, right?

It'll be interesting to see if this trend continues in the same fashion, or if the hobby will experience attrition when cash becomes more rarely used/mints burn out a lot of collectors like the post offices did.
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thecoinguy1964's Avatar
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 Posted 12/17/2015  08:41 am  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
Too cool, thanks for sharing, and I thought my 1964 Red Book had some crazy low prices.
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T-BOP's Avatar
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18456 Posts
 Posted 12/17/2015  08:51 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
Coin collecting was a hobby of the very wealthy.

What the heck do you think it is now.
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