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What Got You Into Coin Collecting?

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Pillar of the Community
United States
1185 Posts
 Posted 03/23/2016  4:11 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Jmferris - beware that having pictures won't be enough to cover coins under your insurance. I thought the same thing until I called. I was told I was covered up to like $100 (or something super low) on any coin or paper money. They told me I had to get formal appraisals on my collection and send it to them to be covered (for a fee of course). Another caveat is any single coin over a certain value ($500? 1000?) has to be individually appraised. Seems like a way for the insurance companies to screw people over to me..
Valued Member
jmferris's Avatar
United States
71 Posts
 Posted 03/23/2016  4:48 pm  Show Profile   Bookmark this reply Add jmferris to your friends list Get a Link to this Reply
@sa330206 - Thank you. Good to know. I'll have to give our homeowner's insurance company a call and see what our premiums cover. Quick Googling has shown me that some policies will cover to a degree, so I'll get an idea of what they provide and see if I need to get an independent policy. Until my collection gets to the point that it merits that, I guess some of it is going to be living in the safe deposit box.

You are right, you would expect it to cover it. My wife has several signed Chihuly pieces that they had no problem covering.
New Member
Pro Songwriter's Avatar
United States
13 Posts
 Posted 03/27/2016  7:51 pm  Show Profile   Bookmark this reply Add Pro Songwriter to your friends list Get a Link to this Reply
My former wife worked as the office manager for a coin shop in San Antonio, TX. When I stopped in to just look around, I was awed by the sheer beauty of the early coin designs. The Barber coins, Capped Bust coins and Seated Liberty coins have always been my favorites. Morgan dollars are pretty nice, too.

Best to everyone with your collecting goals.

Alan
Pillar of the Community
denco7's Avatar
United States
2543 Posts
 Posted 03/27/2016  8:27 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
I started by going through my Dad's change on his dresser every night, pulling out the interesting coins, the Indian Head cents, the Buffalo nickels, Standing Liberty quarters, walking liberty halfs and the occasional Barber coinage. If I was realy lucky, I could snag a Morgan or Peace dollar he got in change.

It really expanded when my Dad started hoarding silver coins after they announced "no more silver coinage"
Valued Member
Dagaz's Avatar
Slovenia
459 Posts
 Posted 03/28/2016  08:09 am  Show Profile   Bookmark this reply Add Dagaz to your friends list Get a Link to this Reply
There were about 15 silver 18th and 19th century coins in my family for generations. I really liked to look at them when I was a kid. Years later (about 3 years ago) I looked them up on internet and stored them properly and that's how my fascination with coins started. (Those coins were of various german states and austrian empire)
Valued Member
rickynic's Avatar
Canada
314 Posts
 Posted 03/28/2016  09:39 am  Show Profile   Bookmark this reply Add rickynic to your friends list Get a Link to this Reply
OCD is why I collect....LOL
Valued Member
yelimsexa's Avatar
United States
186 Posts
 Posted 03/28/2016  12:43 pm  Show Profile   Bookmark this reply Add yelimsexa to your friends list Get a Link to this Reply
When I was 13, my mother purchased the 1998 edition of Scott A. Traver's Insider's Guide to U.S. Coin Values. It seemed like quite an interesting thing to read knowing that older coins not just have value but also consists of these various "grades" and mentioned "never clean a coin" showing how clean coins are taboo and any restoration should be left to pros. Soon, I started to actively check my pocket change. Some of the earliest coins that I've found that were worth a bit more than "lunch money" as I might expect where a few wheat pennies from the 40's and 50's, and I can recall 1941, 1942-D, 1945, 1946, and a couple from the 50's as my first wheat pennies, along with some pre-1960 Jefferson nickels. I've posted this before, but a couple months later in school I received a silver 1962-D quarter in change and that's where it started from there. It was slow at first before jobs by saving allowance money. But eventually I started to CWR after I got my driver's license and then sold some of the duplicates (mostly 40% silver halves back when they were only worth around 1.5X face) at some coin shows, allowing me to build better coins. Then my parents got the Internet, allowing me to expand my horizons of collecting. I've never joined an official coin club nor association, but I still find it an enjoyable hobby on this day with a tinge of investing.
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Afab67's Avatar
United States
156 Posts
 Posted 03/29/2016  2:59 pm  Show Profile   Bookmark this reply Add Afab67 to your friends list Get a Link to this Reply
I used to go to swap meets with my family and I found a couple of coin dealers there. I was always fascinated by "old stuff" as a kid, and coins were a natural draw for me. Heck, they were even dated!
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