Numismatic Scrapbook from 1956--only if we could go back in time!!!!
TheNumish
Posts: 1,628 ✭✭
Customer gave me a copy of a Numismatic Scrapbook from Sept 20, 1956. I don't know if you've ever dreamed of winning the lottery and imaginaing all the things you'd do with the money but I found myself dreaming about going back in time and buying up some of the coins for sale. Here are a few of the things I'd buy:
1879-CC $1 Roll Unc $75 Yes that's for a roll!!!!!!
1914 $20 Matte Proof $125
1907 $20 High Relief BU $165
1931 $20 BU $300
1932 $20 BU $350
1873 w/ arrows proof quarter $60
1883 proof Trade $1 $60
Set of proof sets 1936-1942 $975
Lots of patterns in the $15-$40 range
1909-1955 Complete set of unc lincoln cents in Wayte Raymond album $650
1877 Proof Set 8 peices from cent to Trade $1 $1,050
A few cheap coins:
Circ CC Morgans $1.50 each
1921 Peace $1 unc $7
Gettysburg Half BU $11
The worst deal I saw were 1955 BU Nickel rolls at $8 a roll
It's interesting the only advertisements I saw of people still in business were Stacks, A.M. Kagin, Whitman Publishing and Brown's Coins in OK City(Now owned by a son). Was a lot of fun reading the magazine. How our world has changed--for example no zip codes and no MS grading.
Some things stay the same. I'm paraphrasing what was written about the sell out of 1956 proof sets. This could have been written today about 2003 proof sets.
"The output of proofs this year have exceeded all previous years. The director of the mint is extremely interested in producing the finest specimens of proof coins that can be minted for collectors. A total of 9 new presses have been installed used exclusively for the striking of proof coins. The mint has been operating on a 24 hour basis and is hoping to get to fill both large and small orders to the satisfaction of collectors and dealers"
1879-CC $1 Roll Unc $75 Yes that's for a roll!!!!!!
1914 $20 Matte Proof $125
1907 $20 High Relief BU $165
1931 $20 BU $300
1932 $20 BU $350
1873 w/ arrows proof quarter $60
1883 proof Trade $1 $60
Set of proof sets 1936-1942 $975
Lots of patterns in the $15-$40 range
1909-1955 Complete set of unc lincoln cents in Wayte Raymond album $650
1877 Proof Set 8 peices from cent to Trade $1 $1,050
A few cheap coins:
Circ CC Morgans $1.50 each
1921 Peace $1 unc $7
Gettysburg Half BU $11
The worst deal I saw were 1955 BU Nickel rolls at $8 a roll
It's interesting the only advertisements I saw of people still in business were Stacks, A.M. Kagin, Whitman Publishing and Brown's Coins in OK City(Now owned by a son). Was a lot of fun reading the magazine. How our world has changed--for example no zip codes and no MS grading.
Some things stay the same. I'm paraphrasing what was written about the sell out of 1956 proof sets. This could have been written today about 2003 proof sets.
"The output of proofs this year have exceeded all previous years. The director of the mint is extremely interested in producing the finest specimens of proof coins that can be minted for collectors. A total of 9 new presses have been installed used exclusively for the striking of proof coins. The mint has been operating on a 24 hour basis and is hoping to get to fill both large and small orders to the satisfaction of collectors and dealers"
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Comments
<< <i>Lots of patterns in the $15-$40 range >>
this is where my money would be!
Rkkay will have a mild heart attack just thinking about that!
But I'd sure love to get a bunch of old notes, go back to then and spend a fortune! And come back and sell a fortune!
1914 $20 Matte Proof $125 = $848.35
1907 $20 High Relief BU $165 = $1,119.82
1931 $20 BU $300 = $2.036.03
1932 $20 BU $350 = $2,375.37
1873 w/ arrows proof quarter $60 = $407.21
1883 proof Trade $1 $60 $407.21
Set of proof sets 1936-1942 $975 = $6,617.10
Lots of patterns in the $15-$40 range = $101.80 - 271.47
1909-1955 Complete set of unc lincoln cents in Wayte Raymond album $650 = $4,411.40
1877 Proof Set 8 peices from cent to Trade $1 $1,050 = $7,126.10
Keep in mind, this isn't considering the coins appreciation in value; just the monetary inflation. You still couldn't touch this stuff for these prices.
Cheers,
Bob
More seriously, in the 1960s (when I started collecting) very few people cared about fine differences in grades--BU was BU and MS67 versus MS66 wasn't even a gleem in anyone's eye! Plus by the 1960s there were a plethora of whizzed and counterfeit coins. Third-pary grading and slabbing has vastly improved this very dangerous part of the hobby.
And, while I didn't buy any patterns for $40 to $70 in the 1960s, I did buy a small number for $90 to $170....
Mark