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#21
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What is your opinion on coin / medallic / token covers?
"Toke Nørby" wrote in message ... "Bremick" wrote: "Jud" wrote in message ... There once was a time when stamps were very collectible, but the US government came out with too many issues in a year (hear that US Mint?), values and interest in the hobby went down. If I had shown any interest in stamps I could have come into 2 large collections from my grandparents. Both my mother's father, and my father's mother were presidents of a local coin club at different times. My father collected First Day Covers. After he died my stepmother went to sell the collection and wasn't even offered face value! These FDC's went back to the 1920's. My grandparent's stamp collections were sold for quite a bit less than they paid for them over a 50 year period. Stamp collecting is on life support, prognosis not good. Coin collecting is in the ambulance headed to the hospital. Agreed. Trying to sell the coins in the albums and envelopes your grandparents might have saved fifty years ago would likely be frustrating today unless professionally they were graded and slabbed (not your grandparents). The ridiculous growing assortment of grade categories for each annual Mint-issued "for collectors" item is confounding many of those who had been building sets. I feel sorry for someone on a limited budget who has been collecting annual proof Eagles since their beginning. Now, if they plan to continue, they will have a hard time ignoring the special reverse proofs. And they surely will be excited over prospects of possibly having one or more annual "special" proofs in the future. I'd be surprised if this doesn't encourage more people to retreat into the past and concentrate more on historic coinage rather than on everything the Mint comes up with each year. That may be one good consequence. Jud and Bremick In some way I can't disagree with you as you talk about the worst items of all. Normal FDCs are not worth the face value and unfortunately some mint stamps aren't too. I have no idea of proof Eagles but can imagine that these are as bad as FDCs. BUT- why have people bought these items year after year - coin collectors probably know that buying these coins are pure waste of money? unless you don't care about getting your money back some day. But if you do care about the future value - would you then buy proof Eagles unless it's just for fun? Probably not. We have the same problem with FDCs. Can you warn your collector friends against buying these proofs? It's not so much the "quality" of the proof Silver Eagles as it is getting caught up in the habit of collecting them, strictly as an example. Many collectors have ordered these proof Eagles from the Mint since first offered in 1886. After budgeting to add a new one to the collection each year, many collectors were jolted by a special reverse proof issue in 2006-- obtained only by buying the special set-- followed by the Mint's decision not to produce a proof Eagle at all in 2009, and then the 5-coin set in 2011. There goes the budget. At least theese coins have held their value as the value of silver bullion has risen. |
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#22
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What is your opinion on coin / medallic / token covers?
On Feb 13, 4:16*pm, "Bremick" wrote:
*Many collectors have ordered these proof Eagles from the Mint since first offered in 1886. 1986, but we knew what you meant Bruce! 8-) |
#23
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What is your opinion on coin / medallic / token covers?
"Jud" wrote in message ... On Feb 13, 4:16 pm, "Bremick" wrote: Many collectors have ordered these proof Eagles from the Mint since first offered in 1886. 1986, but we knew what you meant Bruce! 8-) ---------- I guess that's what happens when you try to combine genealogy writing with comments on modern mint products in the same night. Thanks for the heads up. I'll have to watch those 9 and 8 keys more carefully. |
#24
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What is your opinion on coin / medallic / token covers?
Toke Nørby wrote:
Ken Barr wrote: Philatelic Numismatic Combinations (PNCs) had their heyday in the 1960's and 1970's ... they've been pretty much moribund since then. 99 Company ....snip http://coincollector.org/archives/003604.html The Society of Philatelists and Numismatists (SPAN) was the collector organization most closely devoted to PNCs, but it also seems to have disappeared. I was a member back in the 1980's, mainly because they were producing souvenir cards, but I haven't seen or heard anything of them in at least ten years. Thanks a lot for this background story - really interesting! I'll certainly dig out some nuggets from that archive (and refer to this posting of yours). Now I have "finished" a little series of 5 parts on the pnc-subject. I hope you will enjoy it (even it's in Danish - but let Google help you with the translation :-) http://norbyhus.dk/artiklermm/pnc/kap1.html Again thank you all for your comments! Mvh Toke -- Læs om "Skivearket" og "Skibsgrisens Flugt" eller om Klasselotteriets inspektører 1753-2010: http://norbyhus.dk/ |
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