Coin Collecting on a shoe-string budget

Probably everyone at one time or another hasat least it's always great memories when it
collected coins. Some people save old wheatcomes to you, dad.
pennies they find in change and throw them in aNow as I regain my mental composure, if I ever
jar. Other people collect state quarters, and somehad one, I want to say that I never lost the
others collect certain coins like nickles or dimes,desire to collect coins. And as I got old enough to
and try to build a complete collection over time. Awork full time, and live on my own I started and
lot of folks think coin collecting is the hobby ofbuilt a fairly large coin collection. I didn't have much
king's and truthfully, it's often called that. A kingmoney as I never went to college or trade
may be able to build a giant collection of coins, butschool, and I have always had a job working as a
I promise you, that the small collection a younglaborer, so I had to fine ways that I could build up
boy has that may only be worth a couple ofmy coin collection cheaply.
dollars, is worth just as much to that boy as aOne day, I was looking in the back of a Coin
King's coins are worth to him.collecting magazine that I had purchased at a local
I can tell you right now, anyone can collect coinsnews stand, and I found an ad where you could
and you don't have to be rich. In fact I have quitejoin a coin collecting approval service. They would
a large coin collection, and I have had a very lowsend you certain coins once a month, and you
paying job all my life. There are a lot of wayscould select the ones you wanted to buy and
someone can build a great coin collection overkeep, and if you didn't want them all, just mail the
time, while still paying the bills.others back to them, and the next month they
Coins are so neat looking, I remember when Iwould send some other coins for you to examine.
was a young boy, my grandad would go upstairsWhat made this program better than the other
and open a safe we had, inside was a metalapproval services I had often seen was, you
drawer containing some old Morgan and Peacecould tell them what type of coins you were
Silver Dollars. My grandad would let me sit andinterested in, and what price you were willing to
play with the coins often. I would hold one by thespend monthly. I selected miscellaneous U.S. coins,
edge on the table top and flip it on the side witheverything from old large cents from the 1800's
my finger and the coin would spin wildly around onto silver mercury dimes and buffalo nickels etc.
the table like a toy top. The coins were frostyAnd I chose to only spend $20 a month, for me
silver or whitish colored and were beautiful to lookthis was perfect and for about a year or more I
at, they were large and heavy, not like the littlestayed in the program and over time I got a nice
coins we have today. I often wondered howbunch of coins from them, then something
many folks actually carried these things around inhappened and the company folded or went out of
their pockets everyday, it only took a few ofbusiness, as I never received any more coins
them to weigh quite a lot.from them and I no longer saw their ad in the
After my grandad passed away back in 1969, mymagazines.
dad sold the old silver dollars, I don't think he reallyOvertime I discovered other cheap methods to
wanted to, but my grandad had left the familyaquire some nice coins, one of the methods I still
farm pretty deep indebt, so dad had an auctionuse, is something that anyone can do to start
and sold about everything except our house andbuilding a nice coin collection. Just start searching
the barn, to pay off the huge bills. It wasn't tooand examining your pocket change, I still find
long after that when dad got bitten by the coinwheat pennies and silver war nickels, and many
collecting bug. At first it wasn't coins but paperpre 1960 nickels, and sometimes a silver coin in
money that got dad started. I remember dadpocket change. One time about two years back, I
saw an ad in the back of some magazine, wherewas at a local store and got some change back, I
a guy was offering to pay $2 for every dollar billnoticed two of the quarters I received looked
you sent him that had a certain treasurer's namekinda white in color, examining them closely after
on it, that name was: " Joesph W. Barr ". My dadI got back home, I discovered they were both
looked in his wallet at some dollar bills he had, andpre 1964 silver Washington quarters. I figured
sure enough he had one that had the signature "somebody must of needed money to buy some
Joesph W. Barr " on it. Dad took the dollar fromcigarettes or milk or something, and must of used
his wallet and kept it in an envelope in his old rollsome of their old coins, I was just lucky enough
top desk, and after checking his money forto had been there at the right time and place to
several days afterwards, dad found some moreget them in my change.
of them. Sometime later dad mailed the dollar billsOne place to find a lot of nice coins is to go to
to the address in the magazine ad, and suredifferent banks and buy rolls, search through
enough he soon got a check for the dollars plusthem carefully, and you will be surprised of the
an extra dollar each. Dad continued searching andneat finds you may come across, plus just add a
sending in them " Joesph W. Barr " dollar bills forfew out of your pocket change to replace the
awhile, then after a period of time, the guy noones you want to keep from the rolls, and you
longer was accepting them.can turn them back into a different bank for
Dad then started buying a few Indian head centssome different rolls of coins to search through.
and some buffalo nickels. Then as he got olderAnother place that is fairly good for finding some
and money seemed to get a lot more tighter,rare coins is at local flea markets, be careful
dad quit buying coins and turned to a new hobby,though as many of the folks at these places are
doing sweepstakes. But by this time, I wasvery aware of a coins value, and they often ask
hooked, I just loved the look of the old coins, thefor much more then what the coins are worth.
silver ones and the old copper large cents, theyRead up on the coins you are interested in buying,
just seemed so neat compared to the boringor better yet, take along a pocket coin price
coins of everyday use. Now as I am writing thisguide with you when you go to buy coins, it's
article, I stumbled across an interesting articlebetter to be thrifty then foolish.
about the " Joesph W. Barr " dollar bills from theAnyway, now after collecting coins for fun over
'American Numismatic Association' it said, thethe years, I have almost every Lincoln cent that
following: "At one time, it was speculated that thewas made from 1909 up to present, and I have
notes signed by Treasurer Joseph W. Barr wouldevery Jefferson nickel from the first one that
eventually hold a high numismatic value since hewas made in 1938 to present, and I have a nice
was in office for only 23 days in 1968-69.sized wooden chest full of miscellaneous U.S. coins,
However, during that period, a total of 484 millionincluding silver dollars, mercury dimes, buffalo
notes were produced with his signature. The highnickels, Large Cents and many more unique and
quantity produced dictates that the notes willrare coins. I figure the coins will make a nice gift
never be considered rare in our lifetime.someday, something to leave to my daughter
Interestingly, in 1995, numismatic author Alanand her children, and maybe I can spark that fire
Herbert stated, "A $1 Barr note deposited in anin them, that my dad started in me, the joy of
interest-bearing account in 1969 would have beencoin collecting. So start checking your pocket
worth over $4.00, figuring 6% interestchange today, you just never know what rare
compounded annually. A circulated Barr note keptfinds you may come across.
in a safe-deposit box for 26 years is worth $1There are several different types of computer
today."software that are made for coin collecting. One
So that explains why that guy probably quitprogram that stand's out is ' Coin Collector
buying the " Joesph W. Barr " dollar bills, it seemedProfessional ', it is made for any coin collector,
they might of been collectible for a little while, butfrom novices to professionals, and it cost under
they just never caught on. Today you can still$20. ' Coin Collector Professional ' may be
buy them on eBay and other places, sometimesdownloaded and tried for free at this website
for slightly more than $1.00. Oh well, it isaddress:
something that has stuck in my mind every sinceBy Robert W. Benjamin
I was a little boy, I will always remember dadCopyright 2006
checking his wallet for " Joesph W. Barr " dollarYou may publish this article in your ezine,
bills. Now as I wipe the tears from my eyes, yesnewsletter or on your web site as long as it is
I am sad to say dad has been gone a few yearsreprinted in its entirety and without modification
now, and I still miss him very much, especiallyexcept for formatting needs or grammar
when I sit here alone and think about the timescorrections.
we spent together in the years gone by, oh well,