What is the most valuable coin you have appraised? Plaistow, NH Coin Dealer says: "A 1924 D St.
Goldbully
Posts: 17,990 ✭✭✭✭✭
Published: December 13, 2009
The Eagle Tribune...... Article: Plaistow dealer says coins are good investment
By Jarret Bencks
jbencks@eagletribune.com
PLAISTOW — Dominic "Don" Mangano was introduced to the world of coin collecting when his uncle dragged him to a show in Boston more than 30 years ago. He's been hooked ever since.
Mangano purchased Village Coin Shop in Plaistow 19 years ago. He sells and appraises coins at the shop, and also operates a booming online coin sale business.
How did you get into the coin collection business?
It was funny, I didn't have an interest in coins, it was my brother. One day, my uncle wanted to go to a coin show in Boston and I got dragged along. I started dabbling in it a little at a time, then I started selling in shows.
It's a good investment market for gold and silver. In the last few years, the prices have doubled. Gold has gone up about 25 percent since this time last year.
What is involved in the coin appraisal process?
Back in the 1960s and '70s, they didn't have that much of a guide for appraisals. Later in the '70s, the coin dealers newsletter came out. It gives the dealers an idea what to charge for a coin.
What does it take to properly maintain a coin's condition?
You do not clean coins. I've seen people clean coins worth thousands (of dollars). By cleaning them, they are worth a fraction of what they should be. You should properly store it, and put it in a chemical-free container.
How does collecting coins compare to other collecting hobbies, like baseball cards?
One advantage is you can't spend baseball cards; you can spend coins. Another is, it doesn't take much to print a card, but it takes a lot to make a new die for a coin.
What is the most valuable coin you have appraised?
A 1924 D St. Gordon's gold piece. We used to use it for currency. It was in a high grade state. It went for over $100,000.
Are there any coins that are locally unique?
There are the colonial coins. There's the Massachusetts cent and half cent. Those are found quite frequently in attics and old houses. They can be worth tens of thousands (of dollars), depending on the grade.
Do people ever come in with a coin they found and have it appraised at a high value?
It's happened. A few years ago, a young fellow came in. He had just been to a yard sale and he bought this coin, He looked at it and he didn't think it would be worth much. When I looked at it, I got all excited because it was a 20-cent piece and they go for hundreds, sometimes thousands.
What's a good way for someone interested in coin collecting to start?
I always say, before you start buying coins, buy a book or magazine and start reading up about it. I personally started out with penny rolls. I went to the bank, supermarket, anywhere I could find new rolls and put them away.
Dealer Link
The Eagle Tribune...... Article: Plaistow dealer says coins are good investment
By Jarret Bencks
jbencks@eagletribune.com
PLAISTOW — Dominic "Don" Mangano was introduced to the world of coin collecting when his uncle dragged him to a show in Boston more than 30 years ago. He's been hooked ever since.
Mangano purchased Village Coin Shop in Plaistow 19 years ago. He sells and appraises coins at the shop, and also operates a booming online coin sale business.
How did you get into the coin collection business?
It was funny, I didn't have an interest in coins, it was my brother. One day, my uncle wanted to go to a coin show in Boston and I got dragged along. I started dabbling in it a little at a time, then I started selling in shows.
It's a good investment market for gold and silver. In the last few years, the prices have doubled. Gold has gone up about 25 percent since this time last year.
What is involved in the coin appraisal process?
Back in the 1960s and '70s, they didn't have that much of a guide for appraisals. Later in the '70s, the coin dealers newsletter came out. It gives the dealers an idea what to charge for a coin.
What does it take to properly maintain a coin's condition?
You do not clean coins. I've seen people clean coins worth thousands (of dollars). By cleaning them, they are worth a fraction of what they should be. You should properly store it, and put it in a chemical-free container.
How does collecting coins compare to other collecting hobbies, like baseball cards?
One advantage is you can't spend baseball cards; you can spend coins. Another is, it doesn't take much to print a card, but it takes a lot to make a new die for a coin.
What is the most valuable coin you have appraised?
A 1924 D St. Gordon's gold piece. We used to use it for currency. It was in a high grade state. It went for over $100,000.
Are there any coins that are locally unique?
There are the colonial coins. There's the Massachusetts cent and half cent. Those are found quite frequently in attics and old houses. They can be worth tens of thousands (of dollars), depending on the grade.
Do people ever come in with a coin they found and have it appraised at a high value?
It's happened. A few years ago, a young fellow came in. He had just been to a yard sale and he bought this coin, He looked at it and he didn't think it would be worth much. When I looked at it, I got all excited because it was a 20-cent piece and they go for hundreds, sometimes thousands.
What's a good way for someone interested in coin collecting to start?
I always say, before you start buying coins, buy a book or magazine and start reading up about it. I personally started out with penny rolls. I went to the bank, supermarket, anywhere I could find new rolls and put them away.
Dealer Link
0
Comments
Designed by Gordon Jump, the station manager from WKRP in Cincinnati.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
-Fred
Successful BST (me as buyer) with: Collectorcoins, PipestonePete, JasonRiffeRareCoins
Yep. You can drop your coins on my desk on the way out.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
60 years into this hobby and I'm still working on my Lincoln set!