Coin Collecting on a Shoe-string Budget

Probably everyone at one time or another haswe spent together in the years gone by, oh well,
collected coins. Some people save old wheatat least it's always great memories when it
pennies they find in change and throw them in acomes to you, dad.
jar. Other people collect state quarters, and someNow as I regain my mental composure, if I ever
others collect certain coins like nickles or dimes,had one, I want to say that I never lost the
and try to build a complete collection over time. Adesire to collect coins. And as I got old enough to
lot of folks think coin collecting is the hobby ofwork full time, and live on my own I started and
king's and truthfully, it's often called that. A kingbuilt a fairly large coin collection. I didn't have much
may be able to build a giant collection of coins, butmoney as I never went to college or trade
I promise you, that the small collection a youngschool, and I have always had a job working as a
boy has that may only be worth a couple oflaborer, so I had to fine ways that I could build up
dollars, is worth just as much to that boy as amy coin collection cheaply.
King's coins are worth to him.One day, I was looking in the back of a Coin
I can tell you right now, anyone can collect coinscollecting magazine that I had purchased at a local
and you don't have to be rich. In fact I have quitenews stand, and I found an ad where you could
a large coin collection, and I have had a very lowjoin a coin collecting approval service. They would
paying job all my life. There are a lot of wayssend you certain coins once a month, and you
someone can build a great coin collection overcould select the ones you wanted to buy and
time, while still paying the bills.keep, and if you didn't want them all, just mail the
Coins are so neat looking, I remember when Iothers back to them, and the next month they
was a young boy, my grandad would go upstairswould send some other coins for you to examine.
and open a safe we had, inside was a metalWhat made this program better than the other
drawer containing some old Morgan and Peaceapproval services I had often seen was, you
Silver Dollars. My grandad would let me sit andcould tell them what type of coins you were
play with the coins often. I would hold one by theinterested in, and what price you were willing to
edge on the table top and flip it on the side withspend monthly. I selected miscellaneous U.S. coins,
my finger and the coin would spin wildly around oneverything from old large cents from the 1800's
the table like a toy top. The coins were frostyto silver mercury dimes and buffalo nickels etc.
silver or whitish colored and were beautiful to lookAnd I chose to only spend $20 a month, for me
at, they were large and heavy, not like the littlethis was perfect and for about a year or more I
coins we have today. I often wondered howstayed in the program and over time I got a nice
many folks actually carried these things around inbunch of coins from them, then something
their pockets everyday, it only took a few ofhappened and the company folded or went out of
them to weigh quite a lot.business, as I never received any more coins
After my grandad passed away back in 1969, myfrom them and I no longer saw their ad in the
dad sold the old silver dollars, I don't think he reallymagazines.
wanted to, but my grandad had left the familyOvertime I discovered other cheap methods to
farm pretty deep indebt, so dad had an auctionaquire some nice coins, one of the methods I still
and sold about everything except our house anduse, is something that anyone can do to start
the barn, to pay off the huge bills. It wasn't toobuilding a nice coin collection. Just start searching
long after that when dad got bitten by the coinand examining your pocket change, I still find
collecting bug. At first it wasn't coins but paperwheat pennies and silver war nickels, and many
money that got dad started. I remember dadpre 1960 nickels, and sometimes a silver coin in
saw an ad in the back of some magazine, wherepocket change. One time about two years back, I
a guy was offering to pay $2 for every dollar billwas at a local store and got some change back, I
you sent him that had a certain treasurer's namenoticed two of the quarters I received looked
on it, that name was: " Joesph W. Barr ". My dadkinda white in color, examining them closely after
looked in his wallet at some dollar bills he had, andI got back home, I discovered they were both
sure enough he had one that had the signature "pre 1964 silver Washington quarters. I figured
Joesph W. Barr " on it. Dad took the dollar fromsomebody must of needed money to buy some
his wallet and kept it in an envelope in his old rollcigarettes or milk or something, and must of used
top desk, and after checking his money forsome of their old coins, I was just lucky enough
several days afterwards, dad found some moreto had been there at the right time and place to
of them. Sometime later dad mailed the dollar billsget them in my change.
to the address in the magazine ad, and sureOne place to find a lot of nice coins is to go to
enough he soon got a check for the dollars plusdifferent banks and buy rolls, search through
an extra dollar each. Dad continued searching andthem carefully, and you will be surprised of the
sending in them " Joesph W. Barr " dollar bills forneat finds you may come across, plus just add a
awhile, then after a period of time, the guy nofew out of your pocket change to replace the
longer was accepting them.ones you want to keep from the rolls, and you
Dad then started buying a few Indian head centscan turn them back into a different bank for
and some buffalo nickels. Then as he got oldersome different rolls of coins to search through.
and money seemed to get a lot more tighter,Another place that is fairly good for finding some
dad quit buying coins and turned to a new hobby,rare coins is at local flea markets, be careful
doing sweepstakes. But by this time, I wasthough as many of the folks at these places are
hooked, I just loved the look of the old coins, thevery aware of a coins value, and they often ask
silver ones and the old copper large cents, theyfor much more then what the coins are worth.
just seemed so neat compared to the boringRead up on the coins you are interested in buying,
coins of everyday use. Now as I am writing thisor better yet, take along a pocket coin price
article, I stumbled across an interesting articleguide with you when you go to buy coins, it's
about the " Joesph W. Barr " dollar bills from thebetter to be thrifty then foolish.
'American Numismatic Association' it said, theAnyway, now after collecting coins for fun over
following: "At one time, it was speculated that thethe years, I have almost every Lincoln cent that
notes signed by Treasurer Joseph W. Barr wouldwas made from 1909 up to present, and I have
eventually hold a high numismatic value since heevery Jefferson nickel from the first one that
was in office for only 23 days in 1968-69.was made in 1938 to present, and I have a nice
However, during that period, a total of 484 millionsized wooden chest full of miscellaneous U.S. coins,
notes were produced with his signature. The highincluding silver dollars, mercury dimes, buffalo
quantity produced dictates that the notes willnickels, Large Cents and many more unique and
never be considered rare in our lifetime.rare coins. I figure the coins will make a nice gift
Interestingly, in 1995, numismatic author Alansomeday, something to leave to my daughter
Herbert stated, "A $1 Barr note deposited in anand her children, and maybe I can spark that fire
interest-bearing account in 1969 would have beenin them, that my dad started in me, the joy of
worth over $4.00, figuring 6% interestcoin collecting. So start checking your pocket
compounded annually. A circulated Barr note keptchange today, you just never know what rare
in a safe-deposit box for 26 years is worth $1finds you may come across.
today."There are several different types of computer
So that explains why that guy probably quitsoftware that are made for coin collecting. One
buying the " Joesph W. Barr " dollar bills, it seemedprogram that stand's out is ' Coin Collector
they might of been collectible for a little while, butProfessional ', it is made for any coin collector,
they just never caught on. Today you can stillfrom novices to professionals, and it cost under
buy them on eBay and other places, sometimes$20. ' Coin Collector Professional ' may be
for slightly more than $1.00. Oh well, it isdownloaded and tried for free at this website
something that has stuck in my mind every sinceaddress:
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.