Tips from MT Coin Collectors | Page 13 | TigerDroppings.com

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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3832 posts

re: Tips from MT Coin Collectors


Hmm, I was thinking I saw them somewhere for upwards of $100. May be a different dime (Barber dime). The 1854 O dime is beautiful man!

@Broke, those bills are nice! I have never seen a gold certificate before. Just silver certificates and red seals.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82870 posts

re: Tips from MT Coin Collectors


quote:

I was thinking I saw them somewhere for upwards of $100.
You probably did. That happens. It's usually for a dime that had an extremely low mintage number or for some of the last years of Carson City minted coins.

ETA: For example, you can commonly buy an 1892 O silver dollar for under $40, but it's almost impossible to win an eBay auction for an 1893 O dollar for less than $150 simply because of the limited number of 1893 O dollars minted.

There were over 2.7 million 1892 O dollar coins minted but only 300,000 1893 O dollars minted.

And you have to remember when you see an 1850's era U.S. silver coin with the arrows on either side of the date, it means that coin was minted with a lower silver content (70% rather than 90%, I think) when the price of silver skyrocketed in the 1850's so the silver content was reduced to keep their melt value in line with their face value. If you see an 1850's silver coin without the arrows, that coin has the full 90% silver content and will sell for a higher price than a comparable coin with the arrows.




This post was edited on 1/16 at 9:43 am


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82870 posts

re: Tips from MT Coin Collectors


quote:

The pics you have posted make me want to invest a little more time in using ebay. You post some very interesting old coins. The condition of your 1854 seated liberty dime is amazing



Here are photos of a "capped bust" (the predecessor to the "seated liberty" design) dime I won on eBay yesterday. It's 1829 with no mint mark which means it was minted in Philadelphia.

It fascinates me to know this coin was minted the same year Andrew Jackson was sworn in as President.

FWIW, my winning bid was $23.38 for this coin.









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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3832 posts

re: Tips from MT Coin Collectors


I am going to have to get on ebay too. Seems like some good finds with good prices. I am with you on the dates of these coins, just amazing.

One question though, how do you protect against counterfeiting? Aside from knowledge, of course.







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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3832 posts

re: Tips from MT Coin Collectors


quote:

It fascinates me to know this coin was minted the same year Andrew Jackson was sworn in as President.


To the posters in this thread, I asked this somewhere in the 13 pages we are up to now with not much response so I will give it another go, but what are some coins in circulation now that you think 100-150 years from now people will be saying can you believe this was minted when Obama was in office?

Or is it an issue of so many coins minted that they may not be worth much down the road?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82870 posts

re: Tips from MT Coin Collectors


quote:

how do you protect against counterfeiting?

My only screening is I only bid on coins being auctioned by eBay sellers with 99%+ favorable ratings and who have a minimum of 100 items sold on eBay. You can see those stats and the comments buyers have submitted on each seller. If a seller has auctioned that many coins without someone accusing them of selling a counterfeit coin, I'm comfortable with them.

When I receive a coin, I always look it over and test its weight. If the coin passes my simple tests, I figure there's a good chance it's not a counterfeit. If it is counterfeit, then FML....






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82870 posts

re: Tips from MT Coin Collectors


quote:

Or is it an issue of so many coins minted that they may not be worth much down the road?


This, plus there is almost no precious metal content in today's coins. So, unless aluminum and tin become scarce and really valuable.... .







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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3832 posts

re: Tips from MT Coin Collectors


Kind of what I was thinking minus the precious metals aspect.

As always, your help and insight is very much appreciated!






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts

re: Tips from MT Coin Collectors


quote:

@Broke, those bills are nice! I have never seen a gold certificate before. Just silver certificates and red seals.


I have just those 2 in gold. I have a few horseblanket silver certificates too. That's just a small fraction of my collection that I had at the office. I would love to take more pics to show.






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3832 posts

re: Tips from MT Coin Collectors


I would love to see them whenever you get the time! This stuff fascinates me!





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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts

re: Tips from MT Coin Collectors


I also have the worlds first credit card.





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Great Plains Tiger
LSU Fan
Back home, finally
Member since Sep 2005
92 posts

re: Tips from MT Coin Collectors


I've been collecting since I was a kid and I am almost 40 now. My advice to someone starting out is to pick a specific type and to get the very best that you can afford.

I have so much stuff now that it's near impossible to catalog it and it has become more of a hoard than a real collection.

The better condition/grade items should hold their value better and appreciate at a higher rate than items that are heavily worn.




This post was edited on 1/16 at 2:48 pm


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82870 posts

re: Tips from MT Coin Collectors


quote:

I also have the worlds first credit card.

Do you mean the 'first one' after my wife's???






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts

re: Tips from MT Coin Collectors


quote:

Do you mean the 'first one' after my wife's???


It's metal.






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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1633 posts

re: Tips from MT Coin Collectors


Welcome to the thread, if you haven't already posted in it before. So you mentioned you got an enormous collection, what are your goals with your collection at this point? Do you ever sell any of yours, and what are some of the gems that you have?





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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
4190 posts

re: Tips from MT Coin Collectors


quote:

To the posters in this thread, I asked this somewhere in the 13 pages we are up to now with not much response so I will give it another go, but what are some coins in circulation now that you think 100-150 years from now people will be saying can you believe this was minted when Obama was in office?


The entire American Eagle series, Silver state quarter series, the Gold First wives series and any other silver/gold/platinum coin series that I neglected to list.






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matthew25
Ole Miss Fan
Member since Jun 2012
3447 posts

re: Tips from MT Coin Collectors


I would add: Proof sets.





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82870 posts

re: Tips from MT Coin Collectors


I just won this 1884 O dollar on eBay. Paid $29.45.









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Lsut81
USA Fan
Member since Jun 2005
64952 posts

re: Tips from MT Coin Collectors


quote:

I just won this 1884 O dollar on eBay. Paid $29.45


Roughly, how many unique coins do you have? (Not bulk but collectible)






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82870 posts

re: Tips from MT Coin Collectors


Approximately 375 coins which include about 350 U.S. coins and 25 foreign coins, including 10 coins from Nazi Germany. (Please don't reply "Germans." )

That excludes about 100 Roman Empire coins which I bought in bulk.

I also am not counting about 100 coins I picked up when I lived in Moscow which were from the old Soviet Union.






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