Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors Specializing in Modern Numismatics Shop for APMEX Bullion on eBay!Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Numismatic Chastity Query

To participate in the forum you must log in or register.
Author Previous TopicReplies: 5 / Views: 1,192Next Topic  
Valued Member

United States
284 Posts
 Posted 03/01/2021  09:34 am Show Profile   Bookmark this topic Add Kcm to your friends list Get a Link to this Message Number of Subscribers
Assume, please, the following: a coin was minted in 1959 (year randomly chosen; coin denomination left to the discretion of my responder). Assume it circulated until say..., 1963 when a collector now long lost, viewed it to grade close to 40, and so sealed it in a cardboard 2x2, believing, wrongly, that over time it would accrue adequate added value to cover his/her rescue effort.

Set aside, please, for purposes here, the fact that these 58 years later, a coin collector might like to have what's left of it after further circulation for an album. I query, what arguments would support putting such a coin back into circulation where it will surely degrade at best, disintegrate at worst? What counter-arguments to more circulation, if any, rise in a numismatist's thoughts?

Kevin
Bedrock of the Community
BadThad's Avatar
United States
19942 Posts
 Posted 03/01/2021  7:39 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
There shouldn't be any counter arguments, this is a very common coin, especially in EF-40. Unless it has some sort of sentimental value it's worth exactly 1 cent.

I've tossed mint state examples of 1959's (they were pretty ugly) back into circulation. My main motive, besides cleaning my coin area, is to hope someone finds it in the their change and takes an interesting in coin collecting.

Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
Pillar of the Community
hfjacinto's Avatar
United States
7273 Posts
 Posted 03/01/2021  7:50 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I've done the same, I had a large collection of wheat cents that were cleaned, I used them as change until they were gone. If anyone saved them they have a pretty cleaned Wheat cent.
Valued Member
United States
284 Posts
 Posted 03/02/2021  09:19 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply
I penned
Quote:
coin denomination left to the discretion of my responder


You both took me at my word, focusing squarely on the 1959 LWC.


Quote:
Unless it has some sort of sentimental value it's worth exactly 1 cent.



Quote:
I've done the same, I had a large collection of wheat cents that were cleaned...,


I muse that if this is done often enough in the next 60 years, a no longer common EF-40 LWC from 1959 will gain value.

I assume you both could and would as easily substitute a '59 Jefferson into your response. Meanwhile, back at the ranch, I cannot divine a 1959 silver which lacks added value, so I'll wander here in desperation.

I'll adopt the chosen denomination but mess with it a bit, if you'll allow. What I'm attempting to accomplish is to get a bearing on the mind of some devout numismatists. Bearing in mind that nothing of the sort has been minted since 2013 or is likely to ever be minted again (too costly!) would it alter your responses if it were a 1959 Canadian penny? Or would you act with the same lack of hesitation?

Kevin

Pillar of the Community
Ballyhoo's Avatar
United States
1613 Posts
 Posted 03/11/2021  8:00 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
My response is that of BadThad. Set it free.
ANA member - PAN Member - BCCS Member
There are no problems only solutions - the late, great John Lennon
Valued Member
United States
284 Posts
 Posted 03/12/2021  09:37 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply

Quote:
My response is that of BadThad. Set it free.


@Ballyhoo, I perceive a vast chasm between my question and @BadThad's response. A question begins as a quest. @BadThad's response is to a quest I'm not on. With no hesitation, I accept blame for the discrepancy.

I'm unable to pick the fruit of your kind response because I cannot confidently assign your response to either quest. I could very easily if I could know what noun you held in mind when you employed the pronoun "it." Are you making reference to a specific coin (as does @Badthad)?

Regardless, please accept my gratitude for your time spent on my behalf.

Kevin




  Previous TopicReplies: 5 / Views: 1,192Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.25 seconds to rattle this change. Forums