Discussion in 'Coin Chat' started by Roseland3, Sep 14, 2020.
Thanks in advance.
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Thanks in advance.
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Agreed. It is a very unnatural looking coin . . . .
These played quarter sets made Mike Mezack a household name!
Basically, if you touch a quarter with metal stronger then the quarter... It's gonna leave a mark. No matter how light you touched it.
I have a couple that were plated in gold that I found.
Looks better in hand. The other one I have is also South Dakota.
Back before the GSA CC dollar sales, where they used similar language, any coin dealer who uttered something like that could expect a visit from the SEC for selling unlicensed securities and they could expect heavy fines at a minimum, and possibly Federal charges. Back then you NEVER referred to coins as an "investment". Today they can be more lenient but it is still not a good idea to refer to coins as an investment when selling them.
Let's see, my "baby" coin, a 1794 cent was purchased back in 1967 or so from First Coinvestors.
It's sad --they prey on older people
WOW! That takes me back.
First Coinvestors was run by a guy named Stanley Applebaum. What he sold was anything but "investment grade material." He was noted for selling coins with rhodium plating and other problems created by less than competent coin doctors. Fortunately, even then, when I was high school, I knew better than get involved with him.
In the 1970s I taught a coin collecting course at a local junior college. One night, one of my students brought in an “investment portfolio” from First Coinvestors. All of the coins had something wrong with them and had been played with. The sad part was, if the coins had only been left alone, the guy could have sold them for a small profit. But since they were missed with and “problem coins,” he was still stuck.
In the mid 1970s, Mr. Applebaum turned over a new leaf. He apologized from his prior behavior. (Excuse me, but it was like an old prostitute trying to get back her virginity.) He hired Walter Breen as a consultant and published Breen’s book, Walter Breen’s Encyclopedia of United States and Colonial Proof Coins 1722 – 1977. The book was quite good for its time and became a collectors’ item that was worth a premium price for a number of years. Personally, I still think that the book is quite useful.
A one point, Applebaum also hired Don Taxy who was the other leading numismatic author of the period.
First Coinvestors and Mr. Applebaum are now a part of numismatic history.
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