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Article #79: Coin Collecting on a shoe-string budget

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Probably everyone at one time or another him very much, especially when I sit here
has collected coins. Some people save old alone and think about the times we spent
wheat pennies they find in change and together in the years gone by, oh well,
throw them in a jar. Other people collect at least it's always great memories when
state quarters, and some others collect it comes to you, dad.
certain coins like nickles or dimes, and Now as I regain my mental composure, if I
try to build a complete collection over ever had one, I want to say that I never
time. A lot of folks think coin lost the desire to collect coins. And as
collecting is the hobby of king's and I got old enough to work full time, and
truthfully, it's often called that. A live on my own I started and built a
king may be able to build a giant fairly large coin collection. I didn't
collection of coins, but I promise you, have much money as I never went to
that the small collection a young boy has college or trade school, and I have
that may only be worth a couple of always had a job working as a laborer, so
dollars, is worth just as much to that I had to fine ways that I could build up
boy as a King's coins are worth to him. my coin collection cheaply.
I can tell you right now, anyone can One day, I was looking in the back of a
collect coins and you don't have to be Coin collecting magazine that I had
rich. In fact I have quite a large coin purchased at a local news stand, and I
collection, and I have had a very low found an ad where you could join a coin
paying job all my life. There are a lot collecting approval service. They would
of ways someone can build a great coin send you certain coins once a month, and
collection over time, while still paying you could select the ones you wanted to
the bills. buy and keep, and if you didn't want them
Coins are so neat looking, I remember all, just mail the others back to them,
when I was a young boy, my grandad would and the next month they would send some
go upstairs and open a safe we had, other coins for you to examine. What made
inside was a metal drawer containing some this program better than the other
old Morgan and Peace Silver Dollars. My approval services I had often seen was,
grandad would let me sit and play with you could tell them what type of coins
the coins often. I would hold one by the you were interested in, and what price
edge on the table top and flip it on the you were willing to spend monthly. I
side with my finger and the coin would selected miscellaneous U.S. coins,
spin wildly around on the table like a everything from old large cents from the
toy top. The coins were frosty silver or 1800's to silver mercury dimes and
whitish colored and were beautiful to buffalo nickels etc. And I chose to only
look at, they were large and heavy, not spend $20 a month, for me this was
like the little coins we have today. I perfect and for about a year or more I
often wondered how many folks actually stayed in the program and over time I got
carried these things around in their a nice bunch of coins from them, then
pockets everyday, it only took a few of something happened and the company folded
them to weigh quite a lot. or went out of business, as I never
After my grandad passed away back in received any more coins from them and I
1969, my dad sold the old silver dollars, no longer saw their ad in the magazines.
I don't think he really wanted to, but my Overtime I discovered other cheap methods
grandad had left the family farm pretty to aquire some nice coins, one of the
deep indebt, so dad had an auction and methods I still use, is something that
sold about everything except our house anyone can do to start building a nice
and the barn, to pay off the huge bills. coin collection. Just start searching and
It wasn't too long after that when dad examining your pocket change, I still
got bitten by the coin collecting bug. At find wheat pennies and silver war
first it wasn't coins but paper money nickels, and many pre 1960 nickels, and
that got dad started. I remember dad saw sometimes a silver coin in pocket change.
an ad in the back of some magazine, where One time about two years back, I was at a
a guy was offering to pay $2 for every local store and got some change back, I
dollar bill you sent him that had a noticed two of the quarters I received
certain treasurer's name on it, that name looked kinda white in color, examining
was: " Joesph W. Barr ". My dad looked in them closely after I got back home, I
his wallet at some dollar bills he had, discovered they were both pre 1964 silver
and sure enough he had one that had the Washington quarters. I figured somebody
signature " Joesph W. Barr " on it. Dad must of needed money to buy some
took the dollar from his wallet and kept cigarettes or milk or something, and must
it in an envelope in his old roll top of used some of their old coins, I was
desk, and after checking his money for just lucky enough to had been there at
several days afterwards, dad found some the right time and place to get them in
more of them. Sometime later dad mailed my change.
the dollar bills to the address in the One place to find a lot of nice coins is
magazine ad, and sure enough he soon got to go to different banks and buy rolls,
a check for the dollars plus an extra search through them carefully, and you
dollar each. Dad continued searching and will be surprised of the neat finds you
sending in them " Joesph W. Barr " dollar may come across, plus just add a few out
bills for awhile, then after a period of of your pocket change to replace the ones
time, the guy no longer was accepting you want to keep from the rolls, and you
them. can turn them back into a different bank
Dad then started buying a few Indian head for some different rolls of coins to
cents and some buffalo nickels. Then as search through.
he got older and money seemed to get a Another place that is fairly good for
lot more tighter, dad quit buying coins finding some rare coins is at local flea
and turned to a new hobby, doing markets, be careful though as many of the
sweepstakes. But by this time, I was folks at these places are very aware of a
hooked, I just loved the look of the old coins value, and they often ask for much
coins, the silver ones and the old copper more then what the coins are worth. Read
large cents, they just seemed so neat up on the coins you are interested in
compared to the boring coins of everyday buying, or better yet, take along a
use. Now as I am writing this article, I pocket coin price guide with you when you
stumbled across an interesting article go to buy coins, it's better to be
about the " Joesph W. Barr " dollar bills thrifty then foolish.
from the 'American Numismatic Anyway, now after collecting coins for
Association' it said, the following: "At fun over the years, I have almost every
one time, it was speculated that the Lincoln cent that was made from 1909 up
notes signed by Treasurer Joseph W. Barr to present, and I have every Jefferson
would eventually hold a high numismatic nickel from the first one that was made
value since he was in office for only 23 in 1938 to present, and I have a nice
days in 1968-69. However, during that sized wooden chest full of miscellaneous
period, a total of 484 million notes were U.S. coins, including silver dollars,
produced with his signature. The high mercury dimes, buffalo nickels, Large
quantity produced dictates that the notes Cents and many more unique and rare
will never be considered rare in our coins. I figure the coins will make a
lifetime. Interestingly, in 1995, nice gift someday, something to leave to
numismatic author Alan Herbert stated, "A my daughter and her children, and maybe I
$1 Barr note deposited in an can spark that fire in them, that my dad
interest-bearing account in 1969 would started in me, the joy of coin
have been worth over $4.00, figuring 6% collecting. So start checking your pocket
interest compounded annually. A change today, you just never know what
circulated Barr note kept in a rare finds you may come across.
safe-deposit box for 26 years is worth $1 There are several different types of
today." computer software that are made for coin
So that explains why that guy probably collecting. One program that stand's out
quit buying the " Joesph W. Barr " dollar is ' Coin Collector Professional ', it is
bills, it seemed they might of been made for any coin collector, from novices
collectible for a little while, but they to professionals, and it cost under $20.
just never caught on. Today you can still ' Coin Collector Professional ' may be
buy them on eBay and other places, downloaded and tried for free at this
sometimes for slightly more than $1.00. website address:
Oh well, it is something that has stuck By Robert W. Benjamin
in my mind every since I was a little Copyright © 2006
boy, I will always remember dad checking You may publish this article in your
his wallet for " Joesph W. Barr " dollar ezine, newsletter or on your web site as
bills. Now as I wipe the tears from my long as it is reprinted in its entirety
eyes, yes I am sad to say dad has been and without modification except for
gone a few years now, and I still miss formatting needs or grammar corrections.






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