Type Set Coin Collecting: Coin Chatter

Coin Chatter

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_{Featuring feeds from some of the most popular coin forums on the net}

Gold : United Kingdom 1984 Gold Proof Set

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Author: ravenwoods
Subject: United Kingdom 1984 Gold Proof Set
Posted: 06 Nov 2009 at 7:31am

Three coins 22 carat gold.

Coin 1: Five Pound denomination. 39.94 grammes.
Coin 2: Sovereign. 7.99 grammes.
Coin 3: Half Sovereign. 3.99 grammes.

Gold content is 1.5231 troy ounces.

Any offers on these proof coins that are in protective capsules?

Sell : Selling 19 coins.

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Author: ravenwoods
Subject: Selling 19 coins.
Posted: 05 Nov 2009 at 10:39pm

Here is a description of the 19 coins purchased from David Hall in1986. Total cost of the 19 coins was. $6577. Hall offered $956 to buythem back this week. I have a local offer from a local coin dealer of $1088. If you are interested in any of these coins please contact me.

1. Cert No. 1112564 PCGS no. 3906, 1908 5C, PR64, Cost in 1986: $1550
David Hall offered $235 to buy it back this week.

2. Cert no. 2002488 PCGS no. 5004, 1937 10C, MS65, cost in 1986: $52
David Hall offered $13 to buy it back this week.

3. Cert No. 2002566 PCGS no. 5016, 1939 10C, MS65, cost in 1986: $50
Hall offered $13 for it this week.

4. Cert no. 1106903 PCGS no. 5018, 1939-D 10C, MS65, cost in 1986: $50
Hall offered $13 for it this week.

5. Cert no. 1115538 PCGS no. 5025, 1940-D 10C, MS65FB, cost in 1986: $225. Hall offered $30 this week.

6. Cert no. 1114364 PCGS no. 5032, 1941-S 10C, MS65, cost in 1986: $50
Hall offered $13 this week.

7. 1114340 PCGS no. 5038, 1942-D 10C MS65, cost 1986: $52.
Hall offered $13 this week.

8. 1134505 PCGS no. 5053, 1944-D 10C MS64FB, cost in 1986: $68.
Hall offered $11 this week.

9. 1093308 PCGS no. 5058, 1945-D 10C MS65, cost in 1986: $68.
Hall offered $13 this week.

10. 1114413 PCGS no. 6625, 1945-D 50C MS64, cost in 1986: $435.
Hall offered $42 this week.

11. 2000573 PCGS no. 6626, 1945-S 50C MS64, cost in 1986:$480.
Hall offered $42 this week.

12. 2002371 PCGS no. 6628 1946-D 50C MS64, cost in 1986: $405.
Hall offered $42.00 this week.

13. 1110485 PCGS no. 6696, 1955 50C PR67, cost in 1986: $187.
Hall offered $70 this week.

14. 1115889 PCGS no. 6697, 1956 Type 2 50C PR64, cost in 1986: $25
Hall offered me $17 this week.

15. 1116055 PCGS no. 7130, 1881-S $1 MS64, cost in 1986: $465.
Hall offered me $45 this week.

16. 1138998 PCGS no. 7130, 1881-S $1 MS65, cost in 1986: $625.
Hall offered me $110 this week.

17. 1039457 PCGS no. 7172, 1887 $1 MS64, cost in 1986: $500.
Hall offered me $42.00 this week.

18. 1114833 PCGS no. 7182, 1888 $1 MS64, cost in 1986: $560.
Hall offered me $42 this week.

19. 1153731 PCGS no. 9345, 1936 Oregon 50C MS64, cost in 1986: $685
Hall offered me $150 this week.

US Coin Main Forums : Rare Coin Market of 1986

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Author: ravenwoods
Subject: Rare Coin Market of 1986
Posted: 05 Nov 2009 at 10:35pm

Here is a description of the 19 coins purchased from David Hall in 1986. Total cost of the 19 coins was. $6577. Hall offered $956 to buy them back this week.

1. Cert No. 1112564 PCGS no. 3906, 1908 5C, PR64, Cost in 1986: $1550
David Hall offered $235 to buy it back this week.

2. Cert no. 2002488 PCGS no. 5004, 1937 10C, MS65, cost in 1986: $52
David Hall offered $13 to buy it back this week.

3. Cert No. 2002566 PCGS no. 5016, 1939 10C, MS65, cost in 1986: $50
Hall offered $13 for it this week.

4. Cert no. 1106903 PCGS no. 5018, 1939-D 10C, MS65, cost in 1986: $50
Hall offered $13 for it this week.

5. Cert no. 1115538 PCGS no. 5025, 1940-D 10C, MS65FB, cost in 1986: $225. Hall offered $30 this week.

6. Cert no. 1114364 PCGS no. 5032, 1941-S 10C, MS65, cost in 1986: $50
Hall offered $13 this week.

7. 1114340 PCGS no. 5038, 1942-D 10C MS65, cost 1986: $52.
Hall offered $13 this week.

8. 1134505 PCGS no. 5053, 1944-D 10C MS64FB, cost in 1986: $68.
Hall offered $11 this week.

9. 1093308 PCGS no. 5058, 1945-D 10C MS65, cost in 1986: $68.
Hall offered $13 this week.

10. 1114413 PCGS no. 6625, 1945-D 50C MS64, cost in 1986: $435.
Hall offered $42 this week.

11. 2000573 PCGS no. 6626, 1945-S 50C MS64, cost in 1986:$480.
Hall offered $42 this week.

12. 2002371 PCGS no. 6628 1946-D 50C MS64, cost in 1986: $405.
Hall offered $42.00 this week.

13. 1110485 PCGS no. 6696, 1955 50C PR67, cost in 1986: $187.
Hall offered $70 this week.

14. 1115889 PCGS no. 6697, 1956 Type 2 50C PR64, cost in 1986: $25
Hall offered me $17 this week.

15. 1116055 PCGS no. 7130, 1881-S $1 MS64, cost in 1986: $465.
Hall offered me $45 this week.

16. 1138998 PCGS no. 7130, 1881-S $1 MS65, cost in 1986: $625.
Hall offered me $110 this week.

17. 1039457 PCGS no. 7172, 1887 $1 MS64, cost in 1986: $500.
Hall offered me $42.00 this week.

18. 1114833 PCGS no. 7182, 1888 $1 MS64, cost in 1986: $560.
Hall offered me $42 this week.

19. 1153731 PCGS no. 9345, 1936 Oregon 50C MS64, cost in 1986: $685
Hall offered me $150 this week.

Gold : American Gold Eagles MS69

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Author: ravenwoods
Subject: American Gold Eagles MS69
Posted: 05 Nov 2009 at 4:45pm

My dad had some NGC graded American Gold Eagles, MS69. Can one sell those at a premium? Or do you have to wait 100 years before their value is higher than the Gold spot price? I suspect it isn't worth it to buy graded gold coins if you don't plan to hold on to them for 50-100 years.

US Coin Main Forums : Don't Bid On Ebay Coins

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Author: just carl
Subject: Don't Bid On Ebay Coins
Posted: 04 Nov 2009 at 9:02am

Originally posted by rockdude

I can understand your point just carl. I don't have the opportunity to go to shows that often, plus the area where I live doesn't provide many shows. I it did I would definitely take the shows over ebay.

And that too is really a shame. It's too bad more people don't get together and make more coin clubs and then possilby a coin show or two. Not sure but I think this is how it got all started around me. Now we have a coin show withing 15 miles of me on almost every Sunday of the Month. Also, some really big ones for several days once in a while. Of course this is why the internet helps out so many people where these situations don't exist. Guess around me we are really lucky.

US Coin Main Forums : Rare Coin Market of 1986

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Author: just carl
Subject: Rare Coin Market of 1986
Posted: 04 Nov 2009 at 8:55am

WELCOME TO THE FORUM

For one thing I don't think the prices of those coins dropped that much. If he didn't know coins at that time, he may have been taken for to much. And the PCGS web site is really not a great place to find coin values.

To start with I suggest if you can not post a photo of the coins here, you should try to descibe each one. Your so called 19 rare coins may well be just common coins that were badly overpriced by someone.

Try saying what they are here before you run out and sell them to anyone.

Do not take them to a coin store and ask what they are worth. Sort of like trusting a used car saleman.

Also, that story about a $5,000 expendature for some coins and then lost 50% could well be a typical thing you read on the internet with little to know truth to it at all. However, if the same dealer that sold those to your Dad, might well be true. Sounds like he and others really got taken.

If you do not know coins, it is the same as buying anything. A house, car, boat, even clothing and food. You have to know values of items or you'll loose out all the time.

Sounds like your Dad was trying to use coins as an investment and they are really mostly a hobby. Sort of like collecting Beanie Babies, sports cards, etc where they may well not really be worth what you think.

As a basic rule the values of coins really has not dropped over the years. I've got the Red Book from 1947 to present and in that book you could see that although the times may have been poor economically, coin values did not drop hardly at all.

I mostly suspect the dealer really took your Dad for way to much money at that time.

As for a tax deduction, I really don't think so. If your Dad has the original bill of sale, and you do sell those coins for a substancial loss, it may be possible but I'd really check with a stock expert first.

World Coins Main Forums : Edward 1st Farthing

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Author: MrSnert
Subject: Edward 1st Farthing
Posted: 03 Nov 2009 at 5:58pm

I found an Edward 1st Farthing whilst metal detecting in a garden. It's been examined by Spinks and they are not sure if it is from the Newcastle mint or the Bristol mint. I could be either of those. They have determined it to be extremely fine and it's currently up for auction at Warwick & Warwick on the 9th December 2009 if anyone is interested. If it is from the Newcastle mint there are only 12 others known and this would make the total known to 13.

US Coin Main Forums : Rare Coin Market of 1986

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Author: ravenwoods
Subject: Rare Coin Market of 1986
Posted: 02 Nov 2009 at 11:07pm

My father paid about $6500 in 1986 for 19 rare coins that are PCGS evaluated and in slabs. According to the PCGS website the same coins are now worth only $1447. Was there a speculative bubble in the 80s? I found another website where a guy told how he bought $5000 of rare coins from the same dealer and after two months the coins had dropped in value by 50%. So what was going on with rare coins at that time?

Anyway we are busy dividing up my dad's estate and selling these coins now at a loss may help him on his income taxes.

Varieties and Errors : New guy here; is this an error coin??

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Author: foundinrolls
Subject: New guy here; is this an error coin??
Posted: 02 Nov 2009 at 8:10pm

Hi,

The coin appears to be damaged. If I had to guess, I would also say that a dip in acetone would remove what is there. It looks like an adhesive of some sort that left a residue on the coin. Perhaps the coin was glued to something.

Thanks

Varieties and Errors : New guy here; is this an error coin??

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Author: rockdude
Subject: New guy here; is this an error coin??
Posted: 01 Nov 2009 at 9:11am

Originally posted by jazzcoins

Originally posted by rockdude

You still have me mixed up with someone else. What message?

Here's another one i took Rockdude from goggle frockdude so so

So you lied to members of the forum that you listed the other coin on saying it was yours. I don't know what you're trying to pull here jizz but why did you tell me about this coin you stole off of google?

1926 Sesquicentennial quarter eagle. Ebay gamble pays off...

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Pictures don't tell the whole story. I've been in the market for one of these for quite some time. Certified Retail, even for circulated ones seems to be in the $450-500+ range. I saw this one on the bay, and honestly wasn't very impressed.

It did look to have some nice crust on it around the rim, and I figured I'd be fine with it if it went cheap enough. I put in a low bid, and won it to my surprise. PCGS put 58 on it, but it honestly doesn't look like a 58 to me at all from the pics. Absolutely no luster, details look pretty weak, lots of hits etc....They are pretty big pictures too. Well, it might look 45-50 or so in hand. I paid $350, so probably about what it's worth to me.

I received it today, and was absolutely blown away. Not only does it have luster, but full, blazing, uninterrupted luster! It is actually really well struck too. The ebay pictures, though large, really hide a lot of the detail. The best part though is the crust! What I thought was dirt, or brownish toning; is actually iridescent blues and purples! I know gold coins can tone in iridescent colors, but I rarely ever see it and have never owned one. And now I own one that with colorful toning...completely by accident! The only thing that the ebay pics show accurately are the little nicks. Yes, those really are there, but remember that this coin is the size of a dime and the nicks are practically invisible unless you look at the coin under a loupe. This coin truly has the look of a quality MS-61 to 62 in my opinion, and is one of the most beautiful coins in my collection right now.

Hot early commemoratives on eBay right now. Commemoratives under $5 on eBay.

Mexico Cap & Ray Alamos AR 8 Reales 1864 A PG, KM# 377, Elizondo #182.... Or is it?

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Today I got an on line catalog from a well respected firm in Great Britain. One coin really got my attention. It is a very RARE Mexican 8R from 1864 struck at Alamos. The estimate for the coin is listed as 450 to 550 Pounds.

Here is the coin followed by the auction description.

Quote:
698
Mexico Cap & Ray Alamos AR 8 Reales 1864 A PG, KM# 377, Elizondo #182, rare, VF, some Chinese chopmarks.
£450 - 550

I see only one real problem here - anyone care to guess what it is?

By the way, before you guess - the coin is REAL but there is a problem.

1982 PANAMA 1/2 BALBOA STRUCK OVER 1971 KENNEDY HALF DOLLAR!

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Somehow a 1971 U.S. half got thrown into the hopper with planchets to be struck to make a 1982 Panama Half Balboa coin! Then the coin was somehow not detected by quality control and is available for one lucky collector to own. Details from both coins are very strong. Obverse has strong outline of Kennedy, "In God" under the beard and "We trust" prominently showing on the shoulder. Rev has stars and rays from the half above the shield and eagle of the half Balboa and lettering and more stars visible along the sides. This is an incredible eye appealing, dual county, dual denomination, dual dated (spanning eleven years) error and a wonderful coin to add to your collection!

Proof 1930 Australian Copper Penny Offered for Sale

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The Proof 1930 Australian copper penny is internationally renowned as the most valuably copper coin of the modern era through its exceptional quality and the circumstances of its striking. One of the original six pennies has just been offered for private sale, expected to sell for around two million dollars. However some experts have questioned the coin's advertised provenance as the Mint Master's coin......

Today's odd events at Santa Clara coin show

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Could anyone describe the commotion at today's coin show in Santa Clara? Upon entering the hall, I saw police but really didn't get the full story outside of a few snippets from my dealer friends. However, as time wore on, I did sense a few dealers were on edge, and here's where I unwittingly became drawn into today's events.

The story begins when I visited a dealer—who shall remain nameless—to browse his inventory of Mexican coins. Here are the full details because they are critical to this story. It's somewhat long, but hopefully to the point.

This dealer takes two stacks of Mexican coins from his case (avg. value $15 each), and hands me one stack at the time, which I then inspect in loupe with both hands in plain view…and the dealer standing just 3ft away. When I finish one stack, I exchange it for another. I'm very methodical when buying, only inspecting one coin from a stack at a time, always keeping inventory in full view. After spending perhaps 10 min. with this dealer, I hand him the last stack and thank him for his time. The whole time, this dealer was standing in front of me, watching me (or so I thought).

Ten minutes later, while at another dealer's table way across the hall, I was confronted by the dealer, who explained that his stack of coins I gave back counted up short (11 vs. 12), and asked if I could explain why? But, as he did not count these coins in front of me, I was at a loss to explain the discrepancy. So I simply asked him if he saw me do anything wrong? No answer from him, so in order to put him at ease, I proceeded to empty my wallet and every pocket on my person. However, this did not seem to put him at ease at all and he said something like "I don't want to insult you…you look like an honest guy, but then again the professionals look that way", casting another suspicious glance toward me.

Honestly, I started to get a little ticked off at this point, and wanted this conversation to end because I could not see satisfying a guy who didn't think he miscounted (and he couldn't name the missing coin). Apparently, he didn't consider that a pro might not waste his time to steal a $15 coin? During the day, I handled coins worth several magnitudes more than that one which mysteriously....did not disappear from dealer's tables.

Obviously dealers need to protect their own interests, and with that in mind, may I offer a few suggestions to those who might read this forum:

• If you're going to count stacks of coins, count them (out loud) when you hand them to the customer, and then count them when they're returned. Simple as that—like they do at banks.

• Protect yourself, meaning do whatever you need to feel secure. Set things for your own peace of mind, and don't expect customers to "fill the gaps" by their own conduct, as they cannot possibly secure your own inventory.

• If you feel you must confront a customer on something, it's helpful to come across with something tangible to resolve, rather than a vague suspicion that can neither be proven nor disproven (since we know the pros work "magic").

• Have you ever considered providing a feedback survey for your customers? Many businesses do it, whereby simply asking good questions you'll gain important insights into collector's needs while also serving as positive marketing. In my business, I've found that small contests entice people to fill out surveys.

On the "other side of the coin", there's much that collectors can do to uphold their end, such as:

• Don't give a dealer cause for worry. If you're looking at coins, keep them in full sight at all time. I may be a bit of a stickler, but if I need to get something out of my pocket…I put the coins down, stand up and remove my wallet, etc. I try to keep my hands visible at all times. I also don't bring bags which dealers might need to watch.

• If you can, try to look out for anyone suspicious around dealer's tables.

• Don't mix coins that you previously bought/own with coins you want to buy. Keep the dealer's coins in a distinct pile within their sight until they are paid for. I've even seen collectors wander away from tables with coins they don't yet own.

• Some dealers don't like to haggle on the price—they'll let you know and respect that.

I may be stating the obvious here, but today's events had me wondering.

If you got this far, thanks for reading.

Grading Practice: 1957 D Franklin Half Dollar

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This one of my better raw Franklin halves, and I am not sure about the grade. If I had to make a stab at it, I would say...MS63

Your opinions, please!

Success

Grading Practice: 1927 S Standing Liberty Quarter

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I'd appreciate your thoughts on this well circulated coin. As always, I apologize in advance for the photo size/quality (I couldn't do any better myself); they are the ones provided by the seller. Thanks in advance for your assessments.

2000 Double Struck Lincoln Cent?

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I will admit I know nothing about coins. Well, I know how to spend them.

Today I was putting my change in my drawer and I noticed a pretty neat penny in the group. It is a year 2000 penny. On the side with the face there is no word "trust" as that area has a little straight part on it. On the other side there is "state" printed upside down on the word "cent"

When is a nickel not a nickel?

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In 1866, the Mint introduced a new nickel design to replace the older Half-Dimes. People were hoarding precious metals, and it was felt that a move away from silver was necessary to keep coins in circulation. Between that, and the efforts of magnate Joseph Wharton (for whom the famous business school is named), the decision was taken to produce the new coin in nickel.

The Chief Engraver of the Mint, James Longacre, designed the new coin based upon his Two-Cent piece design, and the mint proceeded to re-learn the lesson taught by the original Indian Head Cent composition:

Nickel doesn't strike easily.

Shield Nickels are notorious for cracked dies and relatively poor strikes, even though they're only 25% Nickel by composition. Clean, fully-struck examples tend to sell at a premium for this reason. All the same, they were popular coins in circulation, replacing the despised fractional currency which precious-metal hoarding had forced into being. So, production proceeded furiously - so furiously, in fact, that no Business Strikes were produced in 1877 and 1878 because of the vast number of nickels in circulation.

But I'm not here to talk about the Shield Nickel, I'm just long-winded.

In 1881, Mint Superintendent James Snowden decided to unify the designs of the Cent, 3-Cent and 5-Cent Nickel. He directed his Chief Engraver, Charles Barber, to develop a unified design. The first two denominations were only ever produced as patterns, but the new 5 Cent piece began Mintage in 1883, which brings us to the coin presented here for your viewing pleasure.

The new 1883 Liberty Nickel was the first in a line of less-than-distinguished Barber coinage designs. In keeping with the unification design, the denomination was represented by only a roman numeral on the reverse, a curious feature which led to the infamous "Racketeer" Nickels. Enterprising profiteers took the new nickel, gold-plated it, added reeding on the rim to mimic that of real gold coins, and passed them off as five-dollar gold pieces. The unsophisticated merchants of the time accepted them, even though the design bore no resemblance to the current true Half Eagle. They were the same diameter, though, and the obverse was close enough to pass a cursory inspection.

Needless to say, the new nickel design was hastily changed during the 1883 mintage run, leaving us with the 1883 "CENTS" and "NO CENTS" types. Approximately 5.5 million NO CENTS nickels were minted, and about 16 million CENTS types. The coin pictured below is the NO CENTS type. It shows both planchet flaws and the die cracks indicative of the Mint's difficulty working with this relatively new metal composition.

2009 Lincoln Cents - I'VE GOT 'EM!

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I attended the 200th Anniversary of Abraham Lincoln's birth in his Kentucky hometown of Hodgenville this morning. The Mint was making available to the public a limited number ($5 maximum) of cents. I saw Nelrak's post; I guess you could go through the line multiple times, but I got my 10 rolls and got out of there! Here are some photos. (Note: the roll I opened had mostly pieces with spots, which seems to unfortunately be a chronic problem with new Lincolns).

Have a look on eBay for some now!

Concerning Jerry "KryspiDyslexic"

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thanks for the update , i dont know jerry that well but i be thinking of him

Concerning Jerry "KryspiDyslexic"

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I don't know Jerry...but I will surely Pray for him...I do not know what his troubles are...but I wish him speedy recovery.
Thanks for the update..
Candy

Concerning Jerry "KryspiDyslexic"

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I got email from Jerry today saying that he has been having more issues with his health, he had to spend some time in the hospital, and has not been able to get on the internet much of late. He told me too tell everyone he missed being here with us and that he hopes to be back soon. If you guys would please keep him and his family in your prays. They have had some hard times of late. I hope with all my heart he is able to recover and I know a lot of you feel the same.

Gary .

Innocent Look

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Wow lol, I can't stop laughing on this one.

11-06-09 Today in History

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In 1977, 39 people were killed when the Kelly Barnes Dam burst, sending a wall of water through Toccoa Falls College in Georgia.

Only few miles from me and I've never heard about this till now.

British Pennys Wanted

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bump

Circulated Wheat cents that I need to fill in spots

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I just updated it...

R.A.O.K - have you recieved a coin from a fellow member here? Please post about it here.

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Big thanks go out to chuck. real big one, lol for most may not know, but i have ben trying to buy something from chuck for over 5 years and never ben able to talk him out of nothing heheheheh
well he broke his habbet and he sent me 7 awesome coins date 1957 for my project for my wifes christmass
gift. unc canadin silver dollar , netherlamds cent ,austria quater,3 from spain half quater nickel and a half from Italy

thanks again chuck your grate

john

R.A.O.K - have you recieved a coin from a fellow member here? Please post about it here.

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I would Like to thank Roy he sent me a LP2 2009 P mint error cent with the extra thumb. Its always great to go the mail box and have a letter or package in there, from a fellow member. Exspecially when it comes as a surprise as this one did. Thanks Roy getting a nice collection of the error coins going and I didnt have one of the extra thumbs. Have a great day Roy, you all ready made mine great. When you least expect it you will find something in your mail box.

Thanks again---Johnny1328

Bulk Wheat Cents

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Selling out of Wheat Cents does not seem to be as easy as I had hoped. I still have at least 72 pounds waiting to be sold. Just for kicks I took one of the any weight boxes from the post office and filled it with Wheat cents. I got 12 lbs in the box and taped it up all around. At 10 dollars a pound that would be $120.00 plus 5 dollars postage. In order to move these I will cut the price to $110.00 plus postage. With the type of coins in the lot I know you can't beat it if you can afford it. Let…

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