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<p>[QUOTE="dougsmit, post: 2787128, member: 19463"]Your 'good' article is heavily biased toward the interests of those who want to make coin collecting illegal. One tool they want to use to destroy the hobby is establishing the expectation that coins should carry a provenance proving they are not recent. This may be fine for expensive items that were recorded and photographed in the pre digital era but the coins I collect are rarely accompanied by such a paper trail simply because they are worth less than the paper would cost. For example, I bought the coin below in the early 1960's probably for $2 because that was the price I usually had to pay for junk denarii from a dish on the counter of a walk up coin shop in downtown Indianapolis, Indiana. I do not know the date, name of the shop or the old man who ran it. He had hundreds of coins (maybe thousands) including many that were, like this, not identified other than a tag in the dish that said $2 each. Now, I am expected to be able to prove where it came from? Coins like this allowed high school kids like me to collect genuine Roman coins for less than the price of a tank of gasoline (about a quarter per gallon then but tanks were bigger) or all the White Castle hamburgers I could down. Today, gas is more, burgers are more and coins are more but it still costs time/money to record every sale to the level that those who would destroy the hobby expect. It costs the same to do the paperwork on a $50 coin as on a $5000 coin. If the minimum price of all coins is inflated by ridiculous tracking requirements, there will be no kids getting interested in a hobby where the papers cost more than the coins.</p><p><br /></p><p>[ATTACH=full]646324[/ATTACH] </p><p>I bought this one instead of the other hundred odd coins in the pickout pot so it is the one that got photographed first in 1963. The others are now to be considered 'new finds' because they were bought by other kids who don't even remember the little I do about the provenance. Yes, I did buy this one because it was an overstrike. I was just as weird in the 60's as I am today. I do not have a receipt stating I bought a Domna over Commodus from XYZ Coin in 1960 for $2. I never thought to ask whether this or other coins in that pot came from an old collection or fresh from the dirt. At that time, 'Politically Correct' was more a matter of whether you thought Nixon should have given back his dog Checkers. Coins were not on the radar.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2787128, member: 19463"]Your 'good' article is heavily biased toward the interests of those who want to make coin collecting illegal. One tool they want to use to destroy the hobby is establishing the expectation that coins should carry a provenance proving they are not recent. This may be fine for expensive items that were recorded and photographed in the pre digital era but the coins I collect are rarely accompanied by such a paper trail simply because they are worth less than the paper would cost. For example, I bought the coin below in the early 1960's probably for $2 because that was the price I usually had to pay for junk denarii from a dish on the counter of a walk up coin shop in downtown Indianapolis, Indiana. I do not know the date, name of the shop or the old man who ran it. He had hundreds of coins (maybe thousands) including many that were, like this, not identified other than a tag in the dish that said $2 each. Now, I am expected to be able to prove where it came from? Coins like this allowed high school kids like me to collect genuine Roman coins for less than the price of a tank of gasoline (about a quarter per gallon then but tanks were bigger) or all the White Castle hamburgers I could down. Today, gas is more, burgers are more and coins are more but it still costs time/money to record every sale to the level that those who would destroy the hobby expect. It costs the same to do the paperwork on a $50 coin as on a $5000 coin. If the minimum price of all coins is inflated by ridiculous tracking requirements, there will be no kids getting interested in a hobby where the papers cost more than the coins. [ATTACH=full]646324[/ATTACH] I bought this one instead of the other hundred odd coins in the pickout pot so it is the one that got photographed first in 1963. The others are now to be considered 'new finds' because they were bought by other kids who don't even remember the little I do about the provenance. Yes, I did buy this one because it was an overstrike. I was just as weird in the 60's as I am today. I do not have a receipt stating I bought a Domna over Commodus from XYZ Coin in 1960 for $2. I never thought to ask whether this or other coins in that pot came from an old collection or fresh from the dirt. At that time, 'Politically Correct' was more a matter of whether you thought Nixon should have given back his dog Checkers. Coins were not on the radar.[/QUOTE]
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How many coins are found vs. recirculated from old collections?
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