I just got back from an appointment I had. In the waiting room there were two ladies talking. The one lady was in her mid-eighties. She was telling the other how a few months back somebody had broke into her house. One of the things stolen was her priceless coin collection that she was saving for her grandson when she died. That got my attention. Turns out her "priceless" coin collection was a jar full of bi-centennial quarters she'd been saving for the last 30 years. She was hoping to send her grandson to college with that money. I wonder how many people have "priceless" coins that they are saving for a rainy day. I felt sorry for the lady. I was debating whether or not to tell her the truth about the worth of her coins, but then she told another story about how she went to the casino boat a few days after the break in and won $73,000.
Lol, my grandmother saved those quarters and called them "funny quarters". She had a HUGE box of them. After my grandfather got me into coin collecting in 1987, I got my first red book and after reading it and showing her they were worthless, she cashed them in at the bank and got herself a diamond watch, which she still has. Pretty crazy.
i was given a bunch of them in ms condition. i spent most and kept a few. about a week ago, i got two mint rolls of them from the bank. the lady said they have been sitting in the vault forever. they aint worth much, but i am keeping a few of the better ones and one roll of them. i don't think i would have told the lady. i usually just sit back and let people think what they want. usually they won't listen anyway or you will just waste your time arguing or explaining.
My mom sent me a box of all her coins a few years ago which she had been saving... the box had about 40 mint state SBA dollars and a few mint Kennedy Halves (none silver).
That is crazy. Some people just think they have unique coins. Just goes to show you how many people know about coins.
I see it too often at work. Today was no different. A lady came in with a nice framed holder of Jefferson nickels. 1960s and up, none looked unc and some actually looked polished. Luckily she wasn't looking to sell. Her mother had passed away and she wanted to see if they were worth anything. I told the holder was worth more than the coins. She didn't get it at first so I explained further and she was good with it. I told her to keep them for sentimental value then related a story of my own. As I type a framed set hangs on my wall. It's called The Presidents and contains a Lincoln Cent, Jefferson nickecl, Kennedy half, Eisenhower dollar, Washington quarter and Roosevelt dime. Nice holder worth more than the coins for sure. Present from my mom when I was about 10 years old or so. Sentimental value MUCH more valuable.
God took away a future disappointment and replaced it with a real tangible asset! Great Story, but it does point out that way to many people do not bother to find out the true worth of something that they believe to be worth a lot or a little
LOL. My wife saved bi-centennial halves along with every clad half she came across. I finally convinced her to cash them in. I did glance through them though. In fact, I got her to buy dimes, but they were a bust.
There is an article in one of the coin magazines this month talking about this exact thing. An older gentleman details how he has been putting together a "collection" of valuable coins. Apparently he replied to one ad and his name got shopped around to all of the flim flam scam artists. He has painted coins, stickered coins, common series coins, etc. One part that I thought was very sad was he's been collecting the state quarters and was paying something like $68 a piece. The author tells the old man he has junk and helps him sell it off for pennies on the dollar. Some Attorney General needs to arrest those scam artists and tie them to a post and whip them for taking advantage of the elderly.
You know, a lot of people just don't have knowledge that we have, my mom doesn't know what a Sacagewea Dollar is and it's been 10 years, she still doesn't know what a SBA is. People think things are rare and valuable simply because you don't see them everyday, that isn't always the case though. Pilkenton, if you would've told her, who's to say that she would've believed you, she could've gone ape on you, pulled out her cane and just started swinging. I try to inform those that may be ignorant on the subject, but rarely will I do it with complete strangers, they rarely believe you anyway.
I have a brother who is mentally diabled and he desperately trys to understand the world of coin collecting, I have seen him be taken advantige of by some coin dealers and it makes me so angrey when he shows me a EF-45 20 dollar gold piece that some dealer has sold him for MS 60 money. I tried to get him to wait for me but he wants to be independent and do it himself. I finaly at least got him liking the new buffalos and that has kept him safe for now. He will buy anything just to be doing it himself. Steve