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Took the plunge on my 1st coin
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<p>[QUOTE="kaparthy, post: 656882, member: 57463"]Truly, a sophisticated and insightful choice! This is a great series, priced nicely, not often pursued. It has some history. </p><p><br /></p><p>Executive Order 6102 allowed the collecting of gold coins with numismatic value: "...gold coins having a recognized special value to collectors, of rare and unusual coins." Roosevelt's Secretary of the Treasury was William H. Woodin, a numismatist who co-authored the first standard reference on U.S. pattern coins. Clarifications of 6102 limited the numbers of each kind of gold coin allowed to a collector (up to six, as I recall)-- except for the Quarter Eagle. It was felt -- we believe -- that as a small, convenient coin, the $2.50 was too likely to be hoarded for commercial purposes, rather than collecting. So, your coins represent an exception to the exception.</p><p><br /></p><p>Also, if I may, you refer to two keys. One is the 1911-D. It is not out of your reach, being only 10 times more expensive than the run of the mill, so you can treat yourself to it in about the same time frame in which you would buy 10. But what is the other key? It is not in the Red Book.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 656882, member: 57463"]Truly, a sophisticated and insightful choice! This is a great series, priced nicely, not often pursued. It has some history. Executive Order 6102 allowed the collecting of gold coins with numismatic value: "...gold coins having a recognized special value to collectors, of rare and unusual coins." Roosevelt's Secretary of the Treasury was William H. Woodin, a numismatist who co-authored the first standard reference on U.S. pattern coins. Clarifications of 6102 limited the numbers of each kind of gold coin allowed to a collector (up to six, as I recall)-- except for the Quarter Eagle. It was felt -- we believe -- that as a small, convenient coin, the $2.50 was too likely to be hoarded for commercial purposes, rather than collecting. So, your coins represent an exception to the exception. Also, if I may, you refer to two keys. One is the 1911-D. It is not out of your reach, being only 10 times more expensive than the run of the mill, so you can treat yourself to it in about the same time frame in which you would buy 10. But what is the other key? It is not in the Red Book.[/QUOTE]
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