Coin Collecting on a shoe-string budget

Probably everyone at one time or another hashad one, I want to say that I never lost the
collected coins. Some people save old wheatdesire to collect coins. And as I got old enough to
pennies they find in change and throw them in awork full time, and live on my own I started and
jar. Other people collect state quarters, and somebuilt a fairly large coin collection. I didn't have much
others collect certain coins like nickles or dimes,money as I never went to college or trade
and try to build a complete collection over time. Aschool, and I have always had a job working as a
lot of folks think coin collecting is the hobby oflaborer, so I had to fine ways that I could build up
king's and truthfully, it's often called that. A kingmy coin collection cheaply.
may be able to build a giant collection of coins, butOne day, I was looking in the back of a Coin
I promise you, that the small collection a youngcollecting magazine that I had purchased at a local
boy has that may only be worth a couple ofnews stand, and I found an ad where you could
dollars, is worth just as much to that boy as ajoin a coin collecting approval service. They would
King's coins are worth to him.send you certain coins once a month, and you
I can tell you right now, anyone can collect coinscould select the ones you wanted to buy and
and you don't have to be rich. In fact I have quitekeep, and if you didn't want them all, just mail the
a large coin collection, and I have had a very lowothers back to them, and the next month they
paying job all my life. There are a lot of wayswould send some other coins for you to examine.
someone can build a great coin collection overWhat made this program better than the other
time, while still paying the bills.approval services I had often seen was, you
Coins are so neat looking, I remember when Icould tell them what type of coins you were
was a young boy, my grandad would go upstairsinterested in, and what price you were willing to
and open a safe we had, inside was a metalspend monthly. I selected miscellaneous U.S. coins,
drawer containing some old Morgan and Peaceeverything from old large cents from the 1800's
Silver Dollars. My grandad would let me sit andto silver mercury dimes and buffalo nickels etc.
play with the coins often. I would hold one by theAnd I chose to only spend $20 a month, for me
edge on the table top and flip it on the side withthis was perfect and for about a year or more I
my finger and the coin would spin wildly around onstayed in the program and over time I got a nice
the table like a toy top. The coins were frostybunch of coins from them, then something
silver or whitish colored and were beautiful to lookhappened and the company folded or went out of
at, they were large and heavy, not like the littlebusiness, as I never received any more coins
coins we have today. I often wondered howfrom them and I no longer saw their ad in the
many folks actually carried these things around inmagazines.
their pockets everyday, it only took a few ofOvertime I discovered other cheap methods to
them to weigh quite a lot.aquire some nice coins, one of the methods I still
After my grandad passed away back in 1969, myuse, is something that anyone can do to start
dad sold the old silver dollars, I don't think he reallybuilding a nice coin collection. Just start searching
wanted to, but my grandad had left the familyand examining your pocket change, I still find
farm pretty deep indebt, so dad had an auctionwheat pennies and silver war nickels, and many
and sold about everything except our house andpre 1960 nickels, and sometimes a silver coin in
the barn, to pay off the huge bills. It wasn't toopocket change. One time about two years back, I
long after that when dad got bitten by the coinwas at a local store and got some change back, I
collecting bug. At first it wasn't coins but papernoticed two of the quarters I received looked
money that got dad started. I remember dadkinda white in color, examining them closely after
saw an ad in the back of some magazine, whereI got back home, I discovered they were both
a guy was offering to pay $2 for every dollar billpre 1964 silver Washington quarters. I figured
you sent him that had a certain treasurer's namesomebody must of needed money to buy some
on it, that name was: " Joesph W. Barr ". My dadcigarettes or milk or something, and must of used
looked in his wallet at some dollar bills he had, andsome of their old coins, I was just lucky enough
sure enough he had one that had the signature "to had been there at the right time and place to
Joesph W. Barr " on it. Dad took the dollar fromget them in my change.
his wallet and kept it in an envelope in his old rollOne place to find a lot of nice coins is to go to
top desk, and after checking his money fordifferent banks and buy rolls, search through
several days afterwards, dad found some morethem carefully, and you will be surprised of the
of them. Sometime later dad mailed the dollar billsneat finds you may come across, plus just add a
to the address in the magazine ad, and surefew out of your pocket change to replace the
enough he soon got a check for the dollars plusones you want to keep from the rolls, and you
an extra dollar each. Dad continued searching andcan turn them back into a different bank for
sending in them " Joesph W. Barr " dollar bills forsome different rolls of coins to search through.
awhile, then after a period of time, the guy noAnother place that is fairly good for finding some
longer was accepting them.rare coins is at local flea markets, be careful
Dad then started buying a few Indian head centsthough as many of the folks at these places are
and some buffalo nickels. Then as he got oldervery aware of a coins value, and they often ask
and money seemed to get a lot more tighter,for much more then what the coins are worth.
dad quit buying coins and turned to a new hobby,Read up on the coins you are interested in buying,
doing sweepstakes. But by this time, I wasor better yet, take along a pocket coin price
hooked, I just loved the look of the old coins, theguide with you when you go to buy coins, it's
silver ones and the old copper large cents, theybetter to be thrifty then foolish.
just seemed so neat compared to the boringAnyway, now after collecting coins for fun over
coins of everyday use. Now as I am writing thisthe years, I have almost every Lincoln cent that
article, I stumbled across an interesting articlewas made from 1909 up to present, and I have
about the " Joesph W. Barr " dollar bills from theevery Jefferson nickel from the first one that
'American Numismatic Association' it said, thewas made in 1938 to present, and I have a nice
following: "At one time, it was speculated that thesized wooden chest full of miscellaneous U.S. coins,
notes signed by Treasurer Joseph W. Barr wouldincluding silver dollars, mercury dimes, buffalo
eventually hold a high numismatic value since henickels, Large Cents and many more unique and
was in office for only 23 days in 1968-69.rare coins. I figure the coins will make a nice gift
However, during that period, a total of 484 millionsomeday, something to leave to my daughter
notes were produced with his signature. The highand her children, and maybe I can spark that fire
quantity produced dictates that the notes willin them, that my dad started in me, the joy of
never be considered rare in our lifetime.coin collecting. So start checking your pocket
Interestingly, in 1995, numismatic author Alanchange today, you just never know what rare
Herbert stated, "A $1 Barr note deposited in anfinds you may come across.
interest-bearing account in 1969 would have beenThere are several different types of computer
worth over $4.00, figuring 6% interestsoftware that are made for coin collecting. One
compounded annually. A circulated Barr note keptprogram that stand's out is ' Coin Collector
in a safe-deposit box for 26 years is worth $1Professional ', it is made for any coin collector,
today."from novices to professionals, and it cost under
So that explains why that guy probably quit$20. ' Coin Collector Professional ' may be
buying the " Joesph W. Barr " dollar bills, it seemeddownloaded and tried for free at this website
they might of been collectible for a little while, butaddress:
they just never caught on. Today you can stillBy Robert W. Benjamin
buy them on eBay and other places, sometimesCopyright © 2006
for slightly more than $1.00. Oh well, it isYou may publish this article in your ezine,
something that has stuck in my mind every sincenewsletter or on your web site as long as it is
I was a little boy, I will always remember dadreprinted in its entirety and without modification
checking his wallet for " Joesph W. Barr " dollarexcept for formatting needs or grammar
bills. Now as I wipe the tears from my eyes, yescorrections.
I am sad to say dad has been gone a few yearsRobert W. Benjamin has been in the software
now, and I still miss him very much, especiallybusiness on the internet for over 5 years, and
when I sit here alone and think about the timeshas been producing low-cost software for the
we spent together in the years gone by, oh well,past 25+ years. He first released software on the
at least it's always great memories when itAMIGA and C64 computer systems in the late
comes to you, dad.1970's-80's.
Now as I regain my mental composure, if I ever