Coin Collecting on a Shoe-string Budget

Probably everyone at one time or another hasJoesph W. Barr " dollar bills. Now as I wipe the
collected coins. Some people save old wheattears from my eyes, yes I am sad to say dad
pennies they find in change and throw them in ahas been gone a few years now, and I still miss
jar. Other people collect state quarters, and somehim very much, especially when I sit here alone
others collect certain coins like nickles or dimes,and think about the times we spent together in
and try to build a complete collection over time. Athe years gone by, oh well, at least it's always
lot of folks think coin collecting is the hobby ofgreat memories when it comes to you, dad.Now
king's and truthfully, it's often called that. A kingas I regain my mental composure, if I ever had
may be able to build a giant collection of coins, butone, I want to say that I never lost the desire to
I promise you, that the small collection a youngcollect coins. And as I got old enough to work full
boy has that may only be worth a couple oftime, and live on my own I started and built a
dollars, is worth just as much to that boy as afairly large coin collection. I didn't have much
King's coins are worth to him.I can tell you rightmoney as I never went to college or trade
now, anyone can collect coins and you don't haveschool, and I have always had a job working as a
to be rich. In fact I have quite a large coinlaborer, so I had to fine ways that I could build up
collection, and I have had a very low paying job allmy coin collection cheaply.One day, I was looking
my life. There are a lot of ways someone canin the back of a Coin collecting magazine that I
build a great coin collection over time, while stillhad purchased at a local news stand, and I found
paying the bills.Coins are so neat looking, Ian ad where you could join a coin collecting
remember when I was a young boy, my grandadapproval service. They would send you certain
would go upstairs and open a safe we had, insidecoins once a month, and you could select the
was a metal drawer containing some old Morganones you wanted to buy and keep, and if you
and Peace Silver Dollars. My grandad would let medidn't want them all, just mail the others back to
sit and play with the coins often. I would hold onethem, and the next month they would send some
by the edge on the table top and flip it on theother coins for you to examine. What made this
side with my finger and the coin would spin wildlyprogram better than the other approval services I
around on the table like a toy top. The coins werehad often seen was, you could tell them what
frosty silver or whitish colored and were beautifultype of coins you were interested in, and what
to look at, they were large and heavy, not likeprice you were willing to spend monthly. I selected
the little coins we have today. I often wonderedmiscellaneous U.S. coins, everything from old large
how many folks actually carried these thingscents from the 1800's to silver mercury dimes
around in their pockets everyday, it only took aand buffalo nickels etc. And I chose to only spend
few of them to weigh quite a lot.After my$20 a month, for me this was perfect and for
grandad passed away back in 1969, my dad soldabout a year or more I stayed in the program
the old silver dollars, I don't think he really wantedand over time I got a nice bunch of coins from
to, but my grandad had left the family farmthem, then something happened and the company
pretty deep indebt, so dad had an auction andfolded or went out of business, as I never
sold about everything except our house and thereceived any more coins from them and I no
barn, to pay off the huge bills. It wasn't too longlonger saw their ad in the magazines.Overtime I
after that when dad got bitten by the coindiscovered other cheap methods to aquire some
collecting bug. At first it wasn't coins but papernice coins, one of the methods I still use, is
money that got dad started. I remember dadsomething that anyone can do to start building a
saw an ad in the back of some magazine, wherenice coin collection. Just start searching and
a guy was offering to pay $2 for every dollar billexamining your pocket change, I still find wheat
you sent him that had a certain treasurer's namepennies and silver war nickels, and many pre 1960
on it, that name was: " Joesph W. Barr ". My dadnickels, and sometimes a silver coin in pocket
looked in his wallet at some dollar bills he had, andchange. One time about two years back, I was at
sure enough he had one that had the signature "a local store and got some change back, I noticed
Joesph W. Barr " on it. Dad took the dollar fromtwo of the quarters I received looked kinda white
his wallet and kept it in an envelope in his old rollin color, examining them closely after I got back
top desk, and after checking his money forhome, I discovered they were both pre 1964
several days afterwards, dad found some moresilver Washington quarters. I figured somebody
of them. Sometime later dad mailed the dollar billsmust of needed money to buy some cigarettes
to the address in the magazine ad, and sureor milk or something, and must of used some of
enough he soon got a check for the dollars plustheir old coins, I was just lucky enough to had
an extra dollar each. Dad continued searching andbeen there at the right time and place to get
sending in them " Joesph W. Barr " dollar bills forthem in my change.One place to find a lot of nice
awhile, then after a period of time, the guy nocoins is to go to different banks and buy rolls,
longer was accepting them.Dad then startedsearch through them carefully, and you will be
buying a few Indian head cents and some buffalosurprised of the neat finds you may come
nickels. Then as he got older and money seemedacross, plus just add a few out of your pocket
to get a lot more tighter, dad quit buying coinschange to replace the ones you want to keep
and turned to a new hobby, doing sweepstakes.from the rolls, and you can turn them back into a
But by this time, I was hooked, I just loved thedifferent bank for some different rolls of coins to
look of the old coins, the silver ones and the oldsearch through.Another place that is fairly good
copper large cents, they just seemed so neatfor finding some rare coins is at local flea
compared to the boring coins of everyday use.markets, be careful though as many of the folks
Now as I am writing this article, I stumbled acrossat these places are very aware of a coins value,
an interesting article about the " Joesph W. Barr "and they often ask for much more then what
dollar bills from the 'American Numismaticthe coins are worth. Read up on the coins you
Association' it said, the following: "At one time, itare interested in buying, or better yet, take along
was speculated that the notes signed bya pocket coin price guide with you when you go
Treasurer Joseph W. Barr would eventually hold ato buy coins, it's better to be thrifty then
high numismatic value since he was in office forfoolish.Anyway, now after collecting coins for fun
only 23 days in 1968-69. However, during thatover the years, I have almost every Lincoln cent
period, a total of 484 million notes were producedthat was made from 1909 up to present, and I
with his signature. The high quantity producedhave every Jefferson nickel from the first one
dictates that the notes will never be consideredthat was made in 1938 to present, and I have a
rare in our lifetime. Interestingly, in 1995,nice sized wooden chest full of miscellaneous U.S.
numismatic author Alan Herbert stated, "A $1coins, including silver dollars, mercury dimes,
Barr note deposited in an interest-bearing accountbuffalo nickels, Large Cents and many more
in 1969 would have been worth over $4.00,unique and rare coins. I figure the coins will make
figuring 6% interest compounded annually. Aa nice gift someday, something to leave to my
circulated Barr note kept in a safe-deposit box fordaughter and her children, and maybe I can spark
26 years is worth $1 today."So that explains whythat fire in them, that my dad started in me, the
that guy probably quit buying the " Joesph W.joy of coin collecting. So start checking your
Barr " dollar bills, it seemed they might of beenpocket change today, you just never know what
collectible for a little while, but they just neverrare finds you may come across.There are
caught on. Today you can still buy them on eBayseveral different types of computer software
and other places, sometimes for slightly morethat are made for coin collecting. One program
than $1.00. Oh well, it is something that has stuckthat stand's out is ' Coin Collector Professional ', it
in my mind every since I was a little boy, I willis made for any coin collector, from novices to
always remember dad checking his wallet for "professionals, and it cost under $20.