Hype, is a 4 letter word...........
19Lyds
Posts: 26,492 ✭✭✭✭
.........which has been around for quite some time.
While perusing an October 1975 issue of Coin World, which has an interesting article on the new "Type 2" BiCentennial Eisenhower Dollars, I came upon the following advertisement:
I distinctly remember the "Hype" surrounding the 1975-S "Proof Only" Lincoln Cent! You see, in 1968, the US Mint reopened the San Francisco Facility to coin Cents and Nickels to pickup some of the coinage slack which existed (due to us bad boy coin collectors) in the mid-sixties. This created a new interest in Lincoln Varieties since the last year an S Mint Lincoln had been produced was in 1955! With renewed interest, many folks collected these new S Mint coins. The San Francisco Lincolns always commanded a slight premium over their Philadelphia and Denver Counterparts. Largely due to lower mintages and the fact that S mint coins seldom made it past the Rocky Mountains much less East of the Mississippi! However, by the time that 1975 rolled around, the perceived coin shortage had been satisfied and the circulation coinage presses in San Francisco were shut down.
Of course, this opened the doors for lots and lots of speculation and the Hype Machine got kicked into overdrive!
Lowest Mintage Since the 1931-S?
Scarce as the 1909-SVDB?
I expect that many went ahead and purchased these proof cents for the $9.50 asking price but as you all know, you'd be lucky to get $1.00 for one of them today.
Oh Well! You think the ATB S Mint Circulation Quarter folks are paying attention?
While perusing an October 1975 issue of Coin World, which has an interesting article on the new "Type 2" BiCentennial Eisenhower Dollars, I came upon the following advertisement:
I distinctly remember the "Hype" surrounding the 1975-S "Proof Only" Lincoln Cent! You see, in 1968, the US Mint reopened the San Francisco Facility to coin Cents and Nickels to pickup some of the coinage slack which existed (due to us bad boy coin collectors) in the mid-sixties. This created a new interest in Lincoln Varieties since the last year an S Mint Lincoln had been produced was in 1955! With renewed interest, many folks collected these new S Mint coins. The San Francisco Lincolns always commanded a slight premium over their Philadelphia and Denver Counterparts. Largely due to lower mintages and the fact that S mint coins seldom made it past the Rocky Mountains much less East of the Mississippi! However, by the time that 1975 rolled around, the perceived coin shortage had been satisfied and the circulation coinage presses in San Francisco were shut down.
Of course, this opened the doors for lots and lots of speculation and the Hype Machine got kicked into overdrive!
Lowest Mintage Since the 1931-S?
Scarce as the 1909-SVDB?
I expect that many went ahead and purchased these proof cents for the $9.50 asking price but as you all know, you'd be lucky to get $1.00 for one of them today.
Oh Well! You think the ATB S Mint Circulation Quarter folks are paying attention?
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
The name is LEE!
The name is LEE!
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<< <i>coin collecting wasnt limited to "bad boys" there were quite a few "bad girl" coin collectors as well. >>
The name is LEE!