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<p>[QUOTE="dougsmit, post: 3304162, member: 19463"]I agree that this is what killed collecting from circulation but that has changed. I collected from circulation starting in the mid 1950's when we found mostly Lincoln cents and Jefferson nickels. If I wanted to tie up big money, I could take Walking Liberty halves. In 1959, none of those common circulation coins were over 50 years old. Today in 2019, fifty years is 1969 or after the final end of silver. It is nothing to find a 1938 nickel. There are a massive number of quarter issues now so what there is to collect is massive compared to what I had fifty years ago.</p><p><br /></p><p>The difference is that no one told me that my coins from circulation were worthless because they were not perfect. I still have a few coins I pulled from circulation that were prizes even if the dates were hard to read with certainty. We collectors ruined the hobby for kids by telling them the only way to get a collectible quarter is to pay someone a dollar for it. If a kid in 1959 put coins in a folder, we called it savings but now we tell them they need to put it in a bank account paying 0.1% or to invest it in bullion rounds. I suppose I could have put those 500 coins in my collection to work for me back then, but I enjoyed them and the fact that at any time I could take one out and get the cent(s) I paid (face value) with no loss of principle. </p><p><br /></p><p>I do not regret converting to ancients all those years ago and I have learned a lot about the coins and the cultures that produced them that outvalues the coins themselves. What I regret is the way we killed the concept of collecting from circulation that might have provided a new crop of kid collectors to discover ancients in 2030 and beyond.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3304162, member: 19463"]I agree that this is what killed collecting from circulation but that has changed. I collected from circulation starting in the mid 1950's when we found mostly Lincoln cents and Jefferson nickels. If I wanted to tie up big money, I could take Walking Liberty halves. In 1959, none of those common circulation coins were over 50 years old. Today in 2019, fifty years is 1969 or after the final end of silver. It is nothing to find a 1938 nickel. There are a massive number of quarter issues now so what there is to collect is massive compared to what I had fifty years ago. The difference is that no one told me that my coins from circulation were worthless because they were not perfect. I still have a few coins I pulled from circulation that were prizes even if the dates were hard to read with certainty. We collectors ruined the hobby for kids by telling them the only way to get a collectible quarter is to pay someone a dollar for it. If a kid in 1959 put coins in a folder, we called it savings but now we tell them they need to put it in a bank account paying 0.1% or to invest it in bullion rounds. I suppose I could have put those 500 coins in my collection to work for me back then, but I enjoyed them and the fact that at any time I could take one out and get the cent(s) I paid (face value) with no loss of principle. I do not regret converting to ancients all those years ago and I have learned a lot about the coins and the cultures that produced them that outvalues the coins themselves. What I regret is the way we killed the concept of collecting from circulation that might have provided a new crop of kid collectors to discover ancients in 2030 and beyond.[/QUOTE]
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Why I Switched From Collecting U.S. Coins To Ancient Coins
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