Best Of

Thanks for your continued work to bring these to light.

Are you sure the coins merit the extra cost of on-site grading? Many coins don’t.

I still have the coins my grandfather gave me 78 years ago. They are all gold, plus some commemoratives from the Columbian Exposition. All circulated, but still very cool.

@MasonG said:
It's not something that interests me either, but there are people it does. I'd just turn the page and move on, no need to disparage the coins other people collect.

To a point, this is correct but I think we all need to keep in mind that the OP is just expressing HIS opinion. It's really very simple. Low ball collectors gonna collect lowballs and pretty penny collectors gonna collect pretty pennies and the twain will never meet. World be damned! Collect what you like!

I thought this memorandum was fascinating. It's from the Treasury Dept. to the NY branch of the Secret Service.

They wanted guidance on what they should do since even during the war (1944) lots of NYC dealers were selling gold coins en masse. Treasury came back with guidance which amounted to: if the buyers pay a premium, it's de facto a numismatic coin and it's exempt. The only restriction was on $2.50 Quarter-Eagles where they limited it to 4 coins for each mint/year (apparently realizing the cheapest coin was where hoarders among the public would target).

Thanks to Roger Burdette for uncovering this fascinating memo and letting me post it.