Random thoughts
keets
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......I went to the local shop today and picked through a binder of MS Kennedy's and when I was leaving my buddy asked me if I wanted to take home the "bucket" he was still sorting through. So now there's a gazzillion 2X2'd half dollars on my kitchen table and the Wiles Half Dollar book is in the mail as we speak. Bad timing!! Imanaged to get a few 40% beauties and some nice early 70's dates that have rainbow tone and clean surfaces------and the bucket awaits!!
An offshoot of the purported booming coin market seems to be my friend buying, buying and buying as everyone and there grandmother has coins for sale. Not necessarily top grade stuff and a little variety. He recently sent off two 1928 MS Peace Dollars that "walked" into the shop------his term. He's also turned some sweet Gold notes in the last few weeks and a collection of Jeffersons that he let me pick through.
My take on things today is that with the upswing in collecting interest prompted, I believe, primarily by the State Quarter program and a slicker U.S. Mint promotion, there are coins aplenty to be snatched up at some really bargain prices. This applies not only to moderns but to all facets of the hobby. With a strong market the light of the almighty dollar shines equally and some previously hidden away stuff gets dusted off.
In a small way I'm like my friend on a more limited budget. I'm going to more shows, searching online a little more fervently and trying to make wise purchases with an eye on tomorrow. Has anyone else found similar happenings locally?? Been seeing lots of new arrivals at local shops, more than usual?? Oh yeah, been buying any of it??
Al H.
An offshoot of the purported booming coin market seems to be my friend buying, buying and buying as everyone and there grandmother has coins for sale. Not necessarily top grade stuff and a little variety. He recently sent off two 1928 MS Peace Dollars that "walked" into the shop------his term. He's also turned some sweet Gold notes in the last few weeks and a collection of Jeffersons that he let me pick through.
My take on things today is that with the upswing in collecting interest prompted, I believe, primarily by the State Quarter program and a slicker U.S. Mint promotion, there are coins aplenty to be snatched up at some really bargain prices. This applies not only to moderns but to all facets of the hobby. With a strong market the light of the almighty dollar shines equally and some previously hidden away stuff gets dusted off.
In a small way I'm like my friend on a more limited budget. I'm going to more shows, searching online a little more fervently and trying to make wise purchases with an eye on tomorrow. Has anyone else found similar happenings locally?? Been seeing lots of new arrivals at local shops, more than usual?? Oh yeah, been buying any of it??
Al H.
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Comments
Wish I had a buddy like that.
returning to collect the same coins they collected many years ago. They now
can afford the better dates and higher grades. There are still brand new
young and old collectors coming around too but I haven't seen as many recently,
but they do make up a large segment of the "newbies". There are still large
numbers of first time collectors. They aren't seen because they don't go to FUN
shows or even the local shops. But the results of their collecting activity is fairly
apparent on the circulating coinage. High grade coins are being removed from
circulation. Better dates also are disappearing but not at so high a rate as the
high grade. The oldest states issues are getting well enough distributed to get
some insights about them.
There are plenty of bargains to be had. Good obvervations!
Happy collecting,
Brian.