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If you collect a particular type of coin, why is it THAT type?

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  • MFeldMFeld Posts: 13,485 ✭✭✭✭✭

    Thanks to everyone for your thoughtful, interesting replies and stories!

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • Joe_360Joe_360 Posts: 1,694 ✭✭✭✭✭
    edited September 17, 2024 4:30AM

    Should this have been a poll question?

    My Father started us out (2 older brothers) on Lincoln Wheat Cents albums. As my Mother owned a neighborhood grocery store back in the 60's/70's, we would put away all silver...

    Lincoln's are cool to me because of the long history, the VDB controversy, the low mintage 1914-D, the 1922 no-D, the 1955 DDO, design change of 59, ETC... I will say that I am not a fan of the Shield...

  • sellitstoresellitstore Posts: 2,870 ✭✭✭✭✭

    I'll make a point that hasn't been made here yet.

    One of the greatest appeals to what I collect is the fact that nobody can ever have a complete collection. New discoveries are fairly frequent and plentiful. Nobody can even accurately define a "complete" collection. Instead, acquiring as many different examples as possible is the goal. It's sort of like chopmarked trade dollars in that respect, each one different.

    And rarity? Notes of the highest rarity with 1-5 examples known start around $100 and most can be had under $1000. Scarce notes with 25-200 known can usually be had under $100. And it doesn't take very much to push prices up in such a thin market.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • CopperindianCopperindian Posts: 1,453 ✭✭✭✭✭

    Interesting thread Mark!
    Similar to @Catbert, I picked up the hobby again some 20 years ago. Previously, like many, I collected mostly circulated coins to place in albums (any & all up to dollars). When I commenced again, I started with key dates, particularly the ones I couldn’t fill in albums. It wasn’t long I realized I had a lot to learn instead of sole reliance on those “in the know”. So, I studied, read & studied & read some more. I slowly built a network of both like minded & collectors focused differently. I eventually moved into Morgan dollars. I liked the history & the classic beauty of the piece.
    Along the way, I became closely acquainted with a gentleman, now deceased, who was both a copper specialist & a knowledgeable generalist. This numismatist became a mentor & I started to accumulate some nice Lincolns with his guidance.
    From there, I became involved into what’s my specialty (& focus) today - Indians & Flying Eagles. The latter has one of the great designs in US coinage, imo. The former has an amazing history spanning 51 years. In this field, too, I had a mentor from whom I learned a lot. Gradually, I became a dedicated variety collector; again out of a developed interest.
    Like many of the IHC collectors, I focused at first on the RD ones. Eventually I became attracted to toners & remain so until this day.
    Finally, I added “secondary” interests: half dimes & Walkers. Odd duo, right? The former I saw as an area not many collectors explore + all the beautiful toners that are available on many of these “little beasts”. As far as the Walkers, I’m focused on the early ones. And, like others have said, they are perhaps the most beautifully designed of all US coins. Someday soon, I’ll dive into the gold dollars again. Stay tuned!

    “The thrill of the hunt never gets old”

    PCGS Registry: Screaming Eagles
    Copperindian

    Retired sets: Soaring Eagles
    Copperindian

  • renomedphysrenomedphys Posts: 3,611 ✭✭✭✭✭

    I like copper coins because they’re otherwise nearly worthless. I like 1 cent coins because just minted they’re common, and collecting rare things once common presents a nice juxtaposition.

  • CatbertCatbert Posts: 7,149 ✭✭✭✭✭

    And your collection is first class!

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • Wheat cents pulled from circulation will also be nearest and dearest to my heart. It's how my father got me started when I was in elementary school (mid 70s). I was able to get a lot of them in that 1st Whitman folder, but eventually we had to go to a local show to finish the folder. I still pull good looking coins out of circulation and put them in Whitman folders.

    As an aside, I never get tired of seeing @BillJones roll out photos of some of his Classic Head gold pieces. I have a handful of Classic Heads in my collection, but my pieces aren't even close to his beauties.

  • BuffaloIronTailBuffaloIronTail Posts: 7,479 ✭✭✭✭✭

    Focus Mark. It's all about focus.

    At least it is for me.

    I love the Hobby as a whole, but there's too much to get a handle on. I need to focus. I love to focus. I love to tear a coin down and know as much as I can about it.

    We all have our own things and ways.

    It's just me.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • Cougar1978Cougar1978 Posts: 8,219 ✭✭✭✭✭

    Generally like half $ size or higher.

    Coins & Currency
  • DisneyFanDisneyFan Posts: 2,064 ✭✭✭✭✭

    @Barberian said:

    Barbers were disappointing - too many raw coins that looked original were cleaned and the photography on eBay was insufficient to catch them.

    Seated Liberty halves were perfect, a classic design, a huge series with lots of affordable dates, and lots of raw coins in original condition available on eBay to fill a Dansco. Subsets like the ultra-low mintage yet readily available '80s dates have their own appeal. My first few SLH, all raw, original coins of eBay, "set the hook."

    That's very interesting! Why would raw SLHs not be cleaned like raw Barber Halves?

  • emeraldATVemeraldATV Posts: 4,569 ✭✭✭✭✭

    50 + coin machines were collected by 2 of us and destroyed. Inside these machines, many coins were tossed in the cabinet section.
    The magnets placed in their train of the coin count, to me, were so powerful. When extracted, and attached to anything,
    movement was very ...lets say lol.
    Many years of coins were filtered. The one cent, that I knew about, but I never saw such a clean coin of a 1943 steel,
    and was attached to one of these magnets and never moved, kick started me.
    Then the 1982 cent came into play as I have many, due to a armored truck co. moving into our neighborhood, which must have stirred up some inventory. (Phila. area)

  • AtcarrollAtcarroll Posts: 403 ✭✭✭✭

    I try not to overthink it, i don't always succeed but I try. I have to like the design of a series to seriously collect it. If there's a reasonable expectation of completing a set I'll attempt a set, if not I'll gather an accumulation of choice pieces, maybe some with different types of luster and die states.

  • seatedlib3991seatedlib3991 Posts: 713 ✭✭✭✭✭

    It is not my question to answer, but I think the circulating history's of the two different coins has resulted in very different results. Seated coins went thru periods of hoarding and then getting pushed back into the economy. I think Barber coins hit the economy at the exact time that there was a much larger demand for circulating coins. I have often seen low grade Seated coins with a variety of toning that would indicate a much different past. It seems all most all low grade Barber coins have the well used grey you would expect for work horse coins that were used extensively. James Thanks for question though, it was interesting to reflect on.

  • ldhairldhair Posts: 7,234 ✭✭✭✭✭

    Many years ago, I found a really cool dealer. His name was Mark. He helped me build a nice type set. Once I was happy with the set I had to pick something new to start on. I wanted to go with larger and older toned coins. Bust Half Dollars were a good fit for me. A guy named Al offered me part of his collection and it gave me a start to a great collection. That's about all I collect anymore.
    You meet some cool people on coin forums.

    Larry

  • @MFeld said:

    Is it due to:
    the design?
    affordability?
    possibility of acquiring an entire set?
    ties to your childhood?
    remembrance of a family member?
    history?
    age?
    other reason(s)?

    Changed for me over time, but I generally like or dislike the design:
    1. At one point it was gold and I preferred the Liberty coins, especially the $20. The Mexican gold peso coins are also nice.
    2. Now I like Bust, Seated Liberty, and Walking Liberty Halves
    3. Affordability is a big issue
    4. An entire set doesn't make sense to me; the design is usually the same but one has to pay more for a certain date
    5. Ties to childhood in that I can now afford what I could not afford then.
    6. Remembrance of family only plays a part for inherited/gifted coins
    7. History is a big component and I prefer 19th Century to 20th Century, except for a few dates like 1918, 1948, etc.
    8. Age plays no part; once you have the coin bug it is always lurking; just have to say no more sometimes

  • lordmarcovanlordmarcovan Posts: 43,530 ✭✭✭✭✭
    edited September 21, 2024 8:49PM

    I’m all over the map. Literally.

    https://www.colleconline.com/en/collections/4508/lordmarcovan

    World, Ancient & Medieval, US Type, Exonumia. You name it. If I like it, I grab it.

    Under that vast aegis, I have lots of smaller spotlights of focus. Maybe it’s the ruler or historical era of the coin I’m interested in. Maybe the aesthetics of a cool design. The best coins combine all that: history and aesthetics.


    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • relicsncoinsrelicsncoins Posts: 7,908 ✭✭✭✭✭

    Although I've moved on to different interests, my first love was Indian Head Cents. When I was around 10 years old I would go through the dealer's junk bin pulling out dates to fill an album. I later moved on to nice XF to Unc. pieces. I've since sold most of those coins but still have an affinity for them, so a childhood connection for sure.

    Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
  • TimNHTimNH Posts: 149 ✭✭✭

    @BillJones said:
    I collected sets of the Classic Head $2.50 and $5.00 gold pieces because the history and the connection to Hard Times tokens. I also admired the design as something "exotic" when I was kid.

    I like these a lot, they are as good as it gets for "exotic/price" ratio. Amazingly cheap for how cool they are and how special they would look to a non-numie type. Go back one generation and they they rocket to the moon.

  • BarberianBarberian Posts: 3,567 ✭✭✭✭✭

    @Barberian said:

    @seatedlib3991 said:
    It is not my question to answer, but I think the circulating history's of the two different coins has resulted in very different results. Seated coins went thru periods of hoarding and then getting pushed back into the economy. I think Barber coins hit the economy at the exact time that there was a much larger demand for circulating coins. I have often seen low grade Seated coins with a variety of toning that would indicate a much different past. It seems all most all low grade Barber coins have the well used grey you would expect for work horse coins that were used extensively. James Thanks for question though, it was interesting to reflect on.

    Interesting comment. I hadn't considered the differences in how they circulated and the effects of hoarding on their condition.

    To follow up on this, I like the dark toning on Capped Bust halves as well, and they are well known to have spent considerable time in bank vaults. I have over a dozen terminally toned BCHs and could easily become a CBH Nut.

    Hairlines from wiping bother me more than they should, and I would see more annoying hairlining on toned Barbers than I did on the SLHs I'd purchase. That may simply reflect my ability at detecting cleaning at that time. Gradually I lost interest in Barbers and focused on SLHs, a design I liked more, one in which even common dates held significant value in lower grades, and the set is huge so one can fill it with nice, raw, common date and even some rare date coins scrounging off of eBay.

    Two raw SLHs that graded VF35 and VF25.

    A decent raw Barber half that graded VF35.

    3 rim nicks away from Good
  • seatedlib3991seatedlib3991 Posts: 713 ✭✭✭✭✭

    @Barberian . I ended up going for Seated Halves big time but must admit once upon a time I was going to collect Barber coins only a bad experience affected me.
    I had to sell most of my collection in the fall of 1982 but by 1984 I was back again to start a new collection. I spent months looking through Coin World, the Redbook and various coin magazines. A lawsuit went my way and I was awarded a nice chunk of money to start my new collection.
    I found an add in Coin World. The hook was that they (there were 3 dealers) had over 100 years of experience. They belonged to all the usual alphabet soup groups. Most importantly they had high circulated grade Barbers in all three denominations. i selected one coin from each denomination to see which one I should go with. Then things went sideways.
    I knew I was in trouble the second I got the coins. The Barber Half had been whizzed to death. Both the dime and the quarter had odd grey splotches that turned black! in less than 3 days.
    Won't bore you with the protracted mess that followed but they swore I was the crook and was trying to return different coins. All three dealers swore they inspected all coins and their man Dennis was of unimpeachable reputation. Last thing the great Dennis said to me on the phone was. "Geeze, you 'd think you were the only guy to ever get the bait and switch". A statement I always considered a confession.
    Anyway, the whole thing almost put me off coin collecting entirely, and absolutely effected the way i looked at Barber coins. James

  • BarberianBarberian Posts: 3,567 ✭✭✭✭✭
    edited September 23, 2024 6:14AM

    @seatedlib3991 said:
    @Barberian . I ended up going for Seated Halves big time but must admit once upon a time I was going to collect Barber coins only a bad experience affected me.
    I had to sell most of my collection in the fall of 1982 but by 1984 I was back again to start a new collection. I spent months looking through Coin World, the Redbook and various coin magazines. A lawsuit went my way and I was awarded a nice chunk of money to start my new collection.
    I found an add in Coin World. The hook was that they (there were 3 dealers) had over 100 years of experience. They belonged to all the usual alphabet soup groups. Most importantly they had high circulated grade Barbers in all three denominations. i selected one coin from each denomination to see which one I should go with. Then things went sideways.
    I knew I was in trouble the second I got the coins. The Barber Half had been whizzed to death. Both the dime and the quarter had odd grey splotches that turned black! in less than 3 days.
    Won't bore you with the protracted mess that followed but they swore I was the crook and was trying to return different coins. All three dealers swore they inspected all coins and their man Dennis was of unimpeachable reputation. Last thing the great Dennis said to me on the phone was. "Geeze, you 'd think you were the only guy to ever get the bait and switch". A statement I always considered a confession.
    Anyway, the whole thing almost put me off coin collecting entirely, and absolutely effected the way i looked at Barber coins. James

    A dealer was also involved in my initial Barber half efforts as well. A highly reputable one from what I learned here years later. At least once a year I read amazing praise and testimonies about this seller here. Well, that dealer or their assistant sold me a nice gray Barber half with someone's initials carved into the eagle's chest, then gave me grief when I wanted to return the coin. I doubt it had much effect on my switching series, but I've always been amused at the praise for this dealer. Maybe the seller or assistant was just teasing me, but it left me with a negative impression of that seller.

    3 rim nicks away from Good

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