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Coin Collecting on a shoe-string budget

Learn how anyone can build up a nice coin So that explains why that guy probably
collection even if they have a very quit buying the " Joesph W. Barr " dollar
limited income bills, it seemed they might of been
Probably everyone at one time or another collectible for a little while, but they
has collected coins. Some people save old just never caught on. Today you can still
wheat pennies they find in change and buy them on eBay and other places,
throw them in a jar. Other people collect sometimes for slightly more than $1.00.
state quarters, and some others collect Oh well, it is something that has stuck
certain coins like nickles or dimes, and in my mind every since I was a little
try to build a complete collection over boy, I will always remember dad checking
time. A lot of folks think coin his wallet for " Joesph W. Barr " dollar
collecting is the hobby of king's and bills. Now as I wipe the tears from my
truthfully, it's often called that. A eyes, yes I am sad to say dad has been
king may be able to build a giant gone a few years now, and I still miss
collection of coins, but I promise you, him very much, especially when I sit here
that the small collection a young boy has alone and think about the times we spent
that may only be worth a couple of together in the years gone by, oh well,
dollars, is worth just as much to that at least it's always great memories when
boy as a King's coins are worth to him. it comes to you, dad.
I can tell you right now, anyone can Now as I regain my mental composure, if I
collect coins and you don't have to be ever had one, I want to say that I never
rich. In fact I have quite a large coin lost the desire to collect coins. And as
collection, and I have had a very low I got old enough to work full time, and
paying job all my life. There are a lot live on my own I started and built a
of ways someone can build a great coin fairly large coin collection. I didn't
collection over time, while still paying have much money as I never went to
the bills. Coins are so neat looking, I college or trade school, and I have
remember when I was a young boy, my always had a job working as a laborer, so
grandad would go upstairs and open a safe I had to fine ways that I could build up
we had, inside was a metal drawer my coin collection cheaply.
containing some old Morgan and Peace One day, I was looking in the back of a
Silver Dollars. My grandad would let me Coin collecting magazine that I had
sit and play with the coins often. I purchased at a local news stand, and I
would hold one by the edge on the table found an ad where you could join a coin
top and flip it on the side with my collecting approval service. They would
finger and the coin would spin wildly send you certain coins once a month, and
around on the table like a toy top. The you could select the ones you wanted to
coins were frosty silver or whitish buy and keep, and if you didn't want them
colored and were beautiful to look at, all, just mail the others back to them,
they were large and heavy, not like the and the next month they would send some
little coins we have today. I often other coins for you to examine. What made
wondered how many folks actually carried this program better than the other
these things around in their pockets approval services I had often seen was,
everyday, it only took a few of them to you could tell them what type of coins
weigh quite a lot. you were interested in, and what price
After my grandad passed away back in you were willing to spend monthly. I
1969, my dad sold the old silver dollars, selected miscellaneous U.S. coins,
I don't think he really wanted to, but my everything from old large cents from the
grandad had left the family farm pretty 1800's to silver mercury dimes and
deep indebt, so dad had an auction and buffalo nickels etc. And I chose to only
sold about everything except our house spend $20 a month, for me this was
and the barn, to pay off the huge bills. perfect and for about a year or more I
It wasn't too long after that when dad stayed in the program and over time I got
got bitten by the coin collecting bug. At a nice bunch of coins from them, then
first it wasn't coins but paper money something happened and the company folded
that got dad started. I remember dad saw or went out of business, as I never
an ad in the back of some magazine, where received any more coins from them and I
a guy was offering to pay $2 for every no longer saw their ad in the magazines.
dollar bill you sent him that had a Overtime I discovered other cheap methods
certain treasurer's name on it, that name to aquire some nice coins, one of the
was: " Joesph W. Barr ". My dad looked in methods I still use, is something that
his wallet at some dollar bills he had, anyone can do to start building a nice
and sure enough he had one that had the coin collection. Just start searching and
signature " Joesph W. Barr " on it. Dad examining your pocket change, I still
took the dollar from his wallet and kept find wheat pennies and silver war
it in an envelope in his old roll top nickels, and many pre 1960 nickels, and
desk, and after checking his money for sometimes a silver coin in pocket change.
several days afterwards, dad found some One time about two years back, I was at a
more of them. Sometime later dad mailed local store and got some change back, I
the dollar bills to the address in the noticed two of the quarters I received
magazine ad, and sure enough he soon got looked kinda white in color, examining
a check for the dollars plus an extra them closely after I got back home, I
dollar each. Dad continued searching and discovered they were both pre 1964 silver
sending in them " Joesph W. Barr " dollar Washington quarters. I figured somebody
bills for awhile, then after a period of must of needed money to buy some
time, the guy no longer was accepting cigarettes or milk or something, and must
them. of used some of their old coins, I was
Dad then started buying a few Indian head just lucky enough to had been there at
cents and some buffalo nickels. Then as the right time and place to get them in
he got older and money seemed to get a my change.
lot more tighter, dad quit buying coins One place to find a lot of nice coins is
and turned to a new hobby, doing to go to different banks and buy rolls,
sweepstakes. But by this time, I was search through them carefully, and you
hooked, I just loved the look of the old will be surprised of the neat finds you
coins, the silver ones and the old copper may come across, plus just add a few out
large cents, they just seemed so neat of your pocket change to replace the ones
compared to the boring coins of everyday you want to keep from the rolls, and you
use. Now as I am writing this article, I can turn them back into a different bank
stumbled across an interesting article for some different rolls of coins to
about the " Joesph W. Barr " dollar bills search through.
from the 'American Numismatic Another place that is fairly good for
Association' it said, the following: "At finding some rare coins is at local flea
one time, it was speculated that the markets, be careful though as many of the
notes signed by Treasurer Joseph W. Barr folks at these places are very aware of a
would eventually hold a high numismatic coins value, and they often ask for much
value since he was in office for only 23 more then what the coins are worth. Read
days in 1968-69. However, during that up on the coins you are interested in
period, a total of 484 million notes were buying, or better yet, take along a
produced with his signature. The high pocket coin price guide with you when you
quantity produced dictates that the notes go to buy coins, it's better to be
will never be considered rare in our thrifty then foolish.
lifetime. Interestingly, in 1995, Anyway, now after collecting coins for
numismatic author Alan Herbert stated, "A fun over the years, I have almost every
$1 Barr note deposited in an Lincoln cent that was made from 1909 up
interest-bearing account in 1969 would to present, and I have every Jefferson
have been worth over $4.00, figuring 6% nickel from the first one that was made
interest compounded annually. A in 1938 to present, and I have a nice
circulated Barr note kept in a sized wooden chest full of miscellaneous
safe-deposit box for 26 years is worth $1 U.
today."




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