EXPLOREMY LIBRARY
Luxury
Coins

Coins June 2020

Since its inception, in 1955, Coins magazine has been a hobby leader in providing collectors with important and timely information key to making wise decisions on what to collect and how to collect. With monthly contributions from leading hobby experts, it's your one-stop hobby source. Get market trends, buying techniques, and historical perspectives on all aspects of coins (numismatics). Each issue delivers in-depth analysis, up-to-the-minute valuations, answers to all of your coin questions and more!

Country:
United States
Language:
English
Publisher:
Active Interest Media
Frequency:
Monthly
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12 Issues

in this issue

4 min.
a coin collector first

My friend gave me a box with some silver dollars in it: Morgan silver dollars and Hobo silver dollars. There is an 1881-CC, 1885-CC, and an 1886-O. This is the first time I have ever heard of these coins. Dale Bowman Hebron, Neb. My wife went out to lunch one day for work and when she got home she handed me a small amount of change. I noticed right away the luster on the coins and how clean they were for being around 60 years old. There were two 1964 cents, one 1964-D cent and one 1965 cent. They were all in mint state. There are coins out there that are hard to find. You just have to keep trying because it is worth it in the end. It is a great moment…

12 min.
butting heads over the liberty head nickel

IN MAY 1866 President Andrew Johnson signed into law an act creating the 5-cent piece, or “nickel” as it is called at the present time. It was created at a time when there was an ongoing shortage of coins and plays a prominent role in American numismatic history. Prior to the Civil War the 5-cent piece (the half dime) was made out of silver but war and inflation meant that such coins were widely hoarded. Its replacement by the copper-nickel version in the midst of these problems set off an enormous demand that took the Philadelphia Mint several years to fill. By 1869, however, coinage began to taper off and during the 1870s gradually slid downhill. In 1876 the Treasury stopped mintage because too many nickels were in daily use and…

5 min.
grading your coins

Careful consideration must be given to the condition of a coin before arriving at its value, since a minor difference in grading can mean a substantial difference in price. There are several factors to keep in mind when attributing varying grades of preservation. Determining the condition of a coin is both an exact science and a subjective judgment call. Complete agreement on the exact qualities that constitute a grade of condition does not always occur between two individuals. The following chart is a consensus based on the 10 most frequently encountered coins commanding premium values in circulated condition (illustrations not actual size). The descriptive grades can be applied to other issues. Qualities described are based on the standards developed and adopted by the American Numismatic Association. MS-65 (uncirculated)—MS stands for mint state,…

5 min.
review of ‘a guide book of lincoln cents,’ 3rd edition

Here’s yet another book that recently tumbled from Q. David Bowers’ pen: A Guide Book of Lincoln Cents, 3rd Edition. I don’t know about you, but I started collecting Lincoln cents almost as soon as I became a coin collector, and that was more than 65 years ago! Of course, I don’t need to tell you that 65 years ago there was still lots of “good stuff ” in circulation. Sitting on my bed looking through the roll of pennies my father brought home every night, I found such winners as a 1909-S cent (but no VDB!) in Fine condition, a couple of G-VG 1914-Ds, and multiples of all the semi-key Lincolns (e.g., 1910-S, 1911-S, 1912-S, etc.). Okay, you can stop drooling over all the good stuff that was in circulation when…

11 min.
collecting buffalo nickels

MY LIFE AS A COIN COLLECTOR began in the mid-1950s, at a time when it was quite possible to find “good” coins in circulation. Although I started with the Lincoln cent, one of my favorite coins was the Buffalo nickel. If you think about it, the Buffalo nickel has a lot going for it. For one thing, the obverse features a real Native American, not a figure of Liberty wearing an Indian headdress like the Indian Head cent. In addition, the reverse boasts an iconic animal, the buffalo. This was a magnificent animal almost hunted to extinction by Americans in the West. According to Wikipedia, fewer than 100 remained by the latter part of the 1800s. In addition to the wonderful design by James Earle Fraser, the Buffalo series is a fine…

5 min.
broken proof sets

THE UNITED STATES MINT got serious about offering proof sets in 1936, but in 1942 called a halt to the program, as the nation had more serious things to worry about. But in 1950, flush from the victories of the biggest war the U.S. had ever been in, the Mint got back into the business of making money by making money, as it were. Proof sets started rolling out of the main facility in Philadelphia, with each set containing a cent, nickel, dime, quarter, and half dollar. The proof set program has grown to an enormous set of offerings today, and along with that growth has come constantly better ways to package and preserve the coins being produced. But that can make a serious collector wonder about the older proofs;…