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Do The Counterstamped Lincoln Cents Fall Under The Exonumia Category Or...

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chafemasterj's Avatar
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 Posted 12/18/2017  11:19 am Show Profile   Bookmark this topic Add chafemasterj to your friends list Get a Link to this Message Number of Subscribers
Do the counterstamped Lincoln Cents fall under the Exonumia category or U.S. Modern Coins? They are referred to as novelty cents by many. They seem to straddle the line between the two in my uneducated opinion.

Just wanted to throw the question out there and get some feedback.

Thank you in advance.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
Edited by chafemasterj
12/18/2017 11:25 am
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jbuck's Avatar
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 Posted 12/18/2017  11:25 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
They are still legal tender and legitimate coins, but I understand the distinction you are making.

An interesting discussion I would like to see play out.
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fioti's Avatar
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 Posted 12/18/2017  1:37 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
These are included in the exact definition of exo; if you take wiki's word.
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 Posted 12/18/2017  1:53 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Considering most are resold as novelty sets, then "novelty" fits. Any coin put together as a set, (i.e. "wild west" IH, BUFF NICK) by individual person or company for resale are considered "exonomuia" but are in deed "novelty" items per se. Really isn't a distinction of the two terms, both resold, both as "packaged" coins, only main difference in this case is meant for original circulation or not. I don't think the stamped cents were made to be bank dumped!

Then take "exonumia", just how much or little does it encompass....circulated, uncirculated, theme products, hummm, might we not also extend these items to Mint and Proof set packs? Oh my JBuck, do we have a problem!



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jbuck's Avatar
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 Posted 12/18/2017  2:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Oh my JBuck, do we have a problem!
Nope. Not at all.
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moxking's Avatar
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 Posted 12/18/2017  4:21 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
It is a Coin and the counterstamp does not change that.

Exonumics is an entirely different category. Primarily considered items of provisional, personal, or business production that USUALLY has no governmental approval to serve as coin of the realm.

Exceptions to this that truly do straddle the line include state issued sales tax tokens primarily used in the 1930's and 1940's that WERE used to purchase product; prison tokens issued for state institutions; and transportation tokens issued by a provisional authority that was in place of coins of the realm.

There are others, but this illustrates some distinctions between the two.

C/s cents, or any other denomination, are still coins.
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ExoGuy's Avatar
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 Posted 12/18/2017  5:42 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Personally, I'd like to see exonumia sorted by era: modern (1951-present); early 20th century (1900-1950). As for the pre-1900, sub-categories could be along Rulau's lines: Gay 90's Era; Trade Era (1866-89); Civil War Era (generally 1861-64); Merchant Era (1845-60); Hard Times Era (1832-44); Early American Era (generally 1700's-1831). This would help folks learn to relate, identify and better attribute tokens in general, methinks.

As unknown tokens become attributed, they could then be moved to the appropriate category. If someone knows the era of a token, they could initially post it under that era.

If a collector has any preference, say Civil War tokens, they could then peruse that category without having to wade through all the modern stuff.

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jbuck's Avatar
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 Posted 12/18/2017  5:53 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It would be nice, but we would need a lot more traffic first. Right now the topic list on the first page of this forum goes back almost three months.
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ExoGuy's Avatar
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 Posted 12/18/2017  6:30 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply

Quote:
It is a Coin and the counterstamp does not change that.


Note that counterstamped coins are listed as tokens by many major exonumia authors, including Rulau, Brunk, Fuld and more. This has been the case for many decades now. The National Token Collectors Association and other exonumia organizations have long included counterstamps in their fare.

One major author and exonumia dealer,Rich Hartzog, has long argued that once a coin is counterstamped, it becomes a token and is no longer a coin.

I don't buy into Hartzog's reasoning; principally because a counterstamp never nullified a coin's specie or face value. I don't accept the claim that counterstamps are not tokens, either. Many counterstamps were produced to advertise businesses, be used as checks, personal pieces and more; this, over-riding their use as simple currency. I say they're both, coins and tokens, a crossover, if you will.

Here are two counterstamped coins that illustrate a point I'd make. Both were stamped by a gunsmith, Joshua Yous of Greencastle, PA, circa 1850's.


Do-The-Counterstamped-Lincoln-Cents-Fall-Under-The-Exonumia-Category-Or...
Do-The-Counterstamped-Lincoln-Cents-Fall-Under-The-Exonumia-Category-Or...

The above 1793 cent would fetch many hundreds of dollars at auction. Likely, a coin collector would be the highest bidder for this "filler" coin; this, as the J.YOUS counterstamps are more readily obtainable on lower valued coins. The 1801 cent is perhaps worth $25 in fair condition, but the gunsmith counterstamp elevates its value three-fold or more to a token collector, given the desirable gunsmith mark. This is why I'm of the opinion that counterstamps are befitting as coins and tokens alike.
Edited by ExoGuy
12/18/2017 6:33 pm
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ExoGuy's Avatar
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 Posted 12/18/2017  6:41 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
@jbuck ... I realize there are constraints, considerations. My token scenario was just what I thought would help. Lovin' the CCF, I am. Overall, I'm most pleased with my experience here!
Edited by ExoGuy
12/18/2017 9:25 pm
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 Posted 12/19/2017  07:34 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Exoguy - please note that Rich Hartzog recently passed away. I spent a couple of decades exchanging information, working trades, and generally enjoying his views on exonumia.

One of the chapters on Illinois in one of my books is dedicated to him.

It really is a sad loss for him to be gone.
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jbuck's Avatar
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 Posted 12/19/2017  09:16 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Note that counterstamped coins are listed as tokens by many major exonumia authors...
Fantastic counterargument, Exo. I can appreciate this reasoning.


Quote:
I realize there are constraints, considerations. My token scenario was just what I thought would help. Lovin' the CCF, I am. Overall, I'm most pleased with my experience here!
We do appreciate the feedback. I would love to see more interest coming to the T/M/E forum. I find myself looking at it more and more. Perhaps one day we will have to subdivide it to handle all the traffic.
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ExoGuy's Avatar
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 Posted 12/19/2017  10:36 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
@ moxking .... Yes, I spoke with Greg some days ago and learned of Rich's passing. It happened so suddenly, too. Quite a sad event for those who appreciated his devotion to exonumia.

@ jbuck .... Thanks for the acknowledgment. I wouldn't be surprised if the CCF undergoes some tweaking in the future. Regardless, you folks are doing an ultra-fine job, as is.
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jbuck's Avatar
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 Posted 12/19/2017  11:01 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I wouldn't be surprised if the CCF undergoes some tweaking in the future
It is almost guaranteed as it happens all the time.

The most recent split was creating a separate forum for "Checks, Stocks, and Bonds" which were often placed here or in the many Currency forums.

Why, it seems like yesterday that all US coins were in one forum instead of the nine we have now (a series of splits over the last twelve years).
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