More questions from a newbie.

Discussion in 'Coin Chat' started by tight wad, Aug 19, 2008.

  1. tight wad

    tight wad Senior Member

    a) Storage: I've been sticking everything in 2X2, and the box they came in. But the task is to daunting!. I have about a quart of Kennedy Halves, a quart of Washington quarters, and lots of statehood quarters. Coins are starting to take over the desks and tables. This is very bad for housekeeping! So,tubes? Rolls? what?

    b)How do you collectors view the reissue of things like the Eagle, the buffalo and stuff on new coin issues? My son once saved all his star war figures for 15yrs, only to have the mfg reissue them and destroy the value! I'm not a serious collector, but wouldn't this resurgence of Walking liberties and such hurt the resale value? I don't know why the folks at the mint can't be more creative. Is it just that it's cheaper to "dust off" the old dies and reuse them? I guess I just don't get the big picture.

    C) Storage again. I notice dealers have wooden boxes like old cartridge boxes full of coins. They don't seem to worry about "bag marks" as the claw through the coins. Given how carefully we buyer inspect a coin before buying, why do dealers use this method?
    Okay, I'll shut up now. Look forward to your replies.
     
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  3. kanga

    kanga 65 Year Collector

    Use 2x2's for coins of value (your definition).
    WAY too much work to put all coins in 2x2's. Been there, done that.

    Kennedy Halves - since they are in a quart container, they aren't uncirculated.
    Save the silver ones in rolls (separate the 64's from the other)
    Look for varieties.
    Then turn the rest into the bank to give yourself some spending money.

    Washington Quarters - since they are in a quart container, they aren't uncirculated.
    Save the silver ones in rolls.
    Look for varieties and key dates.
    Then turn the rest into the bank to give yourself some spending money.

    Statehood Quarters -
    Look for varieties and key dates.
    Maybe start a set or two.
    Then turn the rest into the bank to give yourself some spending money.


    There's a HUGE and easily detectable difference between the originals and the reissues.
    The originals have numismatic value.
    The reissues are basically bullion coins in spite of elevated prices.

    That's because dealers have a value threshhold.
    The time and effort to seriously evaluate each coin, then put them in 2x2's (see above) with appropriate markings is not worth it for a 5 or 10 or 20 cent coin.
    They don't have the time.
    That's why you can occasionally find a sleeper in a dealer's box.
    And dealers don't care if you find a $10 coin in a 10 cent box.
    They know that will bring you back again.
     
  4. The Virginian

    The Virginian Senior Member

    Question a) Card board and mylar 2x2s like you are using are fine for circulated and lower value coins as you describe. I would use a dessicant package to put in the box with the coins or even better, buy an Intercept Shield 2x2 sized box to store them in. When you start buying UNC and PROOF highier value coins, TPGS slabs are probably the best protection, followed by Airtite and Eagle (brand) holders. These too should get a dessicant package and should be stored in an Intercept Shield box to protect your investment. Common and or circulated coins can be stored in plastic roll tubes.

    Question b): Most serious collectors see the bullion issues as mostly a bullion product as they are not real "commerce/business" coins. They have their rarity with mint marks and varieties, but they are really modern bullion nonetheless. The Walking Libertys of yesteryear were real half dollars and compared to the "Eagle Walkers" which are $1 coins are infact really in most cases bullion and will never be the same thing. These and the buffalos, St. Gaudens etc are from different dies and different metal content. My recommendation is to collect the real thing in as high grade and as rare as possible. Personally, the current mint products don't interest me-but that is just me.

    Question c) It depends on the value and scarcity of the coin with the condition being considered of the first two points. Rare and valuable coins seldom get this treatment. Common and circulated coins seem to by dealers and some collectors.
     
  5. tight wad

    tight wad Senior Member

    Good Answers! Thanks you.
     
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