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 Replies: 15 / Views: 1,262 |
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Moderator
 United States
6563 Posts |
"Save Your Pennies"This is the first I've heard about a collector spending valuable coins "In a bid to encourage a new generation of coin collectors" Now why couldn't I find these?  Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of coin terminology the use of the word "Penny" does not reflect the OP who assumes no liability for errors in this article.
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Pillar of the Community
United States
5318 Posts |
That's a rather nice 1908-S to sacrifice to circulation.  What a nice guy and interesting idea. If I could give coins like that away--I'd do it directly to collectors via some contest. I'd hate the possibility of one getting ground into a sidewalk.  |
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Moderator
 United States
6563 Posts |
It's probably sitting in a wishing well as we speak |
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Pillar of the Community
United States
1130 Posts |
I can see the 14-D being worth $300 and the 1909-S VDB at $1000 in lower grade circulated, but a 1908-S IHC at $250 has to be uncirculated to be worth that much. He should have thrown in a 56 Flying Eagle too...  Edited by 1sikevo
01/11/2009 9:58 pm
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Bedrock of the Community
United States
14454 Posts |
I remember when those were spent in NY to promote coin week
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Pillar of the Community
United States
581 Posts |
Well, besides it being a "stunt" (as the article describes it), it also demonstrates that 1 cent coins do not circulate. I'm sure they are in a storm sewer or in someone's change jar.
You would have thought they would have picked quarters or something if they wanted to get their point across
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Valued Member
United States
164 Posts |
You would have to have a gun to my head to cause me to "spend" those coins. Sheesh, what a dolt.
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Bedrock of the Community
United States
14454 Posts |
Quote:
Sheesh, what a dolt no he is just a collector/writer/specialist that enjoys the hobby so much that he wanted to spark interest in other people to share the joy he feels for his hobby with others. Those coins were probably one of many of the same date/variety he has in his collection and probably the worst looking one he had, come on we are talking about Scott Travers here |
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Bedrock of the Community
United States
19949 Posts |
Hey, that's COOL! Of course, none of us searchers that go through thousands will ever find one...just our luck. LOL
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
United States
311 Posts |
I thought the ANA did something like that fairly regularly? I've always thought it was a good use for no-date no-mintmark Buffalo nickels... After all, they were made for circulation, then spent decades in circulation... might as well keep them circulating |
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Bedrock of the Community
United States
12437 Posts |
Quote:I thought the ANA did something like that fairly regularly? I've always thought it was a good use for no-date no-mintmark Buffalo nickels... The ANA gives out the dateless Buffaloes to student groups on tour at the Colorado Springs museum |
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Pillar of the Community
United States
2734 Posts |
Why didn't Scott Travers spend a bag of common Wheaties instead of three key dates?
He could buy a 5000-ct. bag of wheats for the cost of just the 1908-S Indian Head, put 5000 coins into circulation instead of just three, which would infinitely increase the odds that "new generation" coin collectors would find them and keep them as objects of interest,
versus three key dates getting lost, damaged, unknowingly thrown into a change jar and cashed in at a New York CoinStar, etc., etc.
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Pillar of the Community
United States
581 Posts |
If anyone actually thinks this was a serious attempt at getting new collectors interested - then I want a double helping of whatever you're eating/smoking/inhaling.
Edited by Kabiye_Lady
01/12/2009 2:16 pm
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Pillar of the Community
United States
3294 Posts |
Well, on the other hand, you could look at all this publicity he got for $1000. Last I checked, Superbowl ads were $3 million, so compared to that he made out well :)
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Moderator
 United States
188342 Posts |
Quote:
Why didn't Scott Travers spend a bag of common Wheaties instead of three key dates? He could buy a 5000-ct. bag of wheats... I agree. This would provide a better chance at accomplishing the stated goal. Any non-collector would be amazed at finding something so old or different. His target audience probably does not know the difference between they key and common date coins anyway. Sure, once they "looked it up" they would feel like they won the lottery; but this is a big risk to take knowing that the odds favour the coins ending up lost. |
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Valued Member
United States
322 Posts |
Great story! Thanks for sharing.
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Replies: 15 / Views: 1,262 |
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Posted 01/11/2009 9:31 pm
