A new Making the Grade

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Justacommeman
Justacommeman Posts: 22,852 ✭✭✭✭✭
in U.S. Coin Forum
find it here



mark
Walker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......

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  • 2ltdjorn
    2ltdjorn Posts: 2,331 ✭✭✭✭
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    nice read. just signed up for this subscription.



    WTB... errors, New Orleans gold, and circulated 20th key date coins!
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    Originally posted by: 2ltdjorn

    nice read. just signed up for this subscription.







    My only complaint is that he writes them too infrequently



    mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • Sonorandesertrat
    Sonorandesertrat Posts: 5,695 ✭✭✭✭✭
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    Originally posted by: Justacommeman
    Originally posted by: 2ltdjorn
    nice read. just signed up for this subscription.



    My only complaint is that he writes them too infrequently

    mark


    JC: Mind Your .... Businessimage

    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • Boosibri
    Boosibri Posts: 12,714 ✭✭✭✭✭
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    Good read and I bought something too!

    Latin American Collection

  • Tibor
    Tibor Posts: 3,801 ✭✭✭✭✭
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    Concerning the lost coins, I read somewhere that as the Large Cents

    were being pulled from circulation because of the new smaller cent,

    barrels of them were sent to refineries to be turned into church and

    school bells.
  • AMRC
    AMRC Posts: 4,280 ✭✭✭✭✭
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    Yes, in the example of the large cents, I believe the government would have made an effort to pull them back, but the Shield Nickel example is a head scratcher for sure.
    MLAeBayNumismatics: "The greatest hobby in the world!"
  • Yorkshireman
    Yorkshireman Posts: 4,616 ✭✭✭✭✭
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    Originally posted by: Boosibri
    Good read and I bought something too!



    You need that awesome 1861-C for your half eagle set.
    Was that it?
    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • keyman64
    keyman64 Posts: 15,650 ✭✭✭✭✭
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    I very much enjoyed reading it when it hit my email earlier today. image
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
  • TopographicOceans
    TopographicOceans Posts: 6,535 ✭✭✭✭
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    So where did 97% of the large cents go?
  • leothelyon
    leothelyon Posts: 8,568 ✭✭✭✭✭
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    That is 660 tons of lost shield nickels since 1883. And that is just 1 design in 1 denomination made for less than 20 years in the 1800's.

    The fact is – those 95% of shield nickels struck really did go somewhere. There is a right answer, or a right series of answers. I just don't know what those answers are. And thinking about it makes my head hurt.
    .............Jars? Landfills?


    Leo image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • jhdfla
    jhdfla Posts: 3,030 ✭✭✭
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    Originally posted by: TopographicOceans
    So where did 97% of the large cents go?


    Used as washers on slate roofs?
    SeatedQuarters
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Ooh nice. The writing ? It inspires. I consider myself one of the first 1000 readers.
  • kaz
    kaz Posts: 9,378 ✭✭✭✭✭
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    I wonder if a lot of the old nickels wound up being processed for the war effort in WWII? People were asked to turn in all sorts of things, old aluminum pans, worn out tires, toothpaste tubes...
  • EagleEye
    EagleEye Posts: 7,677 ✭✭✭✭✭
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    Actually the Shield nickel was doomed because its diameter was smaller than the Liberty nickel. It didn't work in 1900's era coin machines. Shield and 3c nickels both saw the same fate. Melted into Liberty nickels.



    Large cents were melted from 1857 to 1861 in exchange for small cents (all of the 1861 production was due to the large cent - small cent exchange).



    CN cents were melted into Shield and Liberty nickels and 3c nickels.



    Pre-1874 cents were melted into post-1874 cents.



    Pre-1853 silver was melted into Post-1853 silver.



    Pre-1904 Morgan dollars were melted into silver, sold to India and then replaced with more silver dollars in 1921-1925



    What will we ever do with the SBA dollars?
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • 291fifth
    291fifth Posts: 25,218 ✭✭✭✭✭
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    The velocity of use of coins in the 19th century was much higher than it is today. In the case of Shield Nickels we have a coin that was available for use when many many items were priced at a nickel including drinks at a tavern (think of the recent PBS episode titled "A Nation of Drunkards"). These coins saw heavy, heavy use and wore out. They were then returned to the treasury through the banking system for destruction. In the 1880's, Shield Nickels that had been returned to the treasury were apparently sorted as usable or unusable (the usable ones simply being filthy, apparently a common problem with coins at that time.) The nickels that were deemed usable were subjected to a mild acid bath to remove the dirt and were then returned to circulation. It is my theory that the reason for the low survival rates is due primarily to very high usage rates that caused the coins to become worn out. How many of you remember the old time coin shops that had boxes filled with very low grade and damaged 19th century coins? Eagle Eye's comment on the effect of the vending machine industry is also quite interesting and adds additional explanation for the low survival rate.
    All glory is fleeting.
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    There is one particular line written on a coin that interests me that I cannot deny , made me laugh out loud.…
    image To wit : " This fact is so little known that it is almost like I made it up "
  • lkeigwin
    lkeigwin Posts: 16,895 ✭✭✭✭✭
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    DW is a clever guy, with a talent for writing and a great eye for coins.

    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213
  • BryceM
    BryceM Posts: 11,940 ✭✭✭✭✭
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    His point about coins that photograph well being more liquid and selling for more is an interesting one. I recently sold a very nice, original Seated Quarter that was a joy to look at, but did not photograph well at all. I felt fortunate to sell it to someone who appreciated how it really looked.
  • EarlyUS
    EarlyUS Posts: 306 ✭✭✭
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    About a year ago, I saw a similar counterfeit 1924-S/S quarter being shown around the bourse floor in... Indianapolis (ISNA Show) I think it was? The coin was certified as genuine and, if memory serves, was graded EF-40 by *ahem* a top-two major grading service. The owner knew it was a counterfeit coin, though, and didn't want to sell it, unfortunately.
    James at EarlyUS.com

    On the web: http://www.earlyus.com
  • Walkerfan
    Walkerfan Posts: 10,391 ✭✭✭✭✭
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    Good article.



    I am always looking for interesting numismatic literature.



    Thanks for posting.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • golden
    golden Posts: 10,535 ✭✭✭✭✭
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    A good read. Dave is one of the good guys.
  • sparky64
    sparky64 Posts: 7,063 ✭✭✭✭✭
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    Interesting articles. Fun to read.

    The one about photogenic coins is telling.



    Diverese selection of coins offered as well.

    "If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"

    My Washington Quarter Registry set...in progress

  • Bayard1908
    Bayard1908 Posts: 4,184 ✭✭✭✭
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    I agree about photogenic coins.



    As someone who took up metal detecting a few years ago, I can also say that many old coins were lost over the years and are still waiting to be found.

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