FA: 1955/55 DDO Lincoln Cent PCGS MS-64 RD Oly..this one's for YOU

"note.boy" wrote in message
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"Sibirskmoneta" wrote in message
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"note.boy" wrote in message
news:VDrji.19864$%

I was hoping that your desire to have another of a different date would
mean some Scottish notes crossing the Atlantic to their home land?

As she fell off twice last Sunday he may be going to Pedigree, the pet
food manufacturers. :-) Billy
Poor horse, you wanna feed him to the French?


When in Paris several years ago I took a photograph of a horse meat shop,
this was pinned up at the stables and if a horse misbehaved it was
threatened that we would call Pierre to come and take them away. Billy

My students always went "ew, gross" when I showed them my photo of the
boucherie chevaline.

James

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
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"Bruce Remick" wrote in message
...

[snip]

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or
shortly afterwards.

They have yet to reach those levels again and, allowing for inflation,
they probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970, for
£25 and now they can be had for £5, to keep pace with inflation the value
would now have to be around £250.

I have a large collection of old UK coin magazines and the pages are full
of dealer adverts encouraging collectors to invest in modern UK coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in 1965
would now have to worth £3 each to break even allowing for inflation.
Billy

I was a budding world collector back in the mid-60s and saw an ad in Coin
World or some such place, placed by QDB, hawking 1951 pennies in EF-AU for
something like $17.50 each. Caught up in his palaver, I bit a big bullet
and ordered out two of them. They were very nice coins, with full detail
and a decent amount of red still showing, but they hardly kept up with
inflation. My dreams of buying a new car with the proceeds of their sale
were dashed.

James


Fortunately for me I didn't leave school until 1970 so had little money to
spend otherwise I may have been caught up in the hype.

The UK coin magazines from way back then are a fascinating read. Billy

"note.boy" wrote in message
...

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

[snip]

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or
shortly afterwards.

They have yet to reach those levels again and, allowing for inflation,
they probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970, for
£25 and now they can be had for £5, to keep pace with inflation the
value would now have to be around £250.

I have a large collection of old UK coin magazines and the pages are
full of dealer adverts encouraging collectors to invest in modern UK
coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in 1965
would now have to worth £3 each to break even allowing for inflation.
Billy

I was a budding world collector back in the mid-60s and saw an ad in Coin
World or some such place, placed by QDB, hawking 1951 pennies in EF-AU
for something like $17.50 each. Caught up in his palaver, I bit a big
bullet and ordered out two of them. They were very nice coins, with full
detail and a decent amount of red still showing, but they hardly kept up
with inflation. My dreams of buying a new car with the proceeds of their
sale were dashed.

James


Fortunately for me I didn't leave school until 1970 so had little money to
spend otherwise I may have been caught up in the hype.

The UK coin magazines from way back then are a fascinating read. Billy

I'm curious, are any of those Bowers ads for the pennies in any of them?

James

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

[snip]

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or
shortly afterwards.

They have yet to reach those levels again and, allowing for inflation,
they probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970,
for £25 and now they can be had for £5, to keep pace with inflation the
value would now have to be around £250.

I have a large collection of old UK coin magazines and the pages are
full of dealer adverts encouraging collectors to invest in modern UK
coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in 1965
would now have to worth £3 each to break even allowing for inflation.
Billy

I was a budding world collector back in the mid-60s and saw an ad in
Coin World or some such place, placed by QDB, hawking 1951 pennies in
EF-AU for something like $17.50 each. Caught up in his palaver, I bit a
big bullet and ordered out two of them. They were very nice coins, with
full detail and a decent amount of red still showing, but they hardly
kept up with inflation. My dreams of buying a new car with the proceeds
of their sale were dashed.

James


Fortunately for me I didn't leave school until 1970 so had little money
to spend otherwise I may have been caught up in the hype.

The UK coin magazines from way back then are a fascinating read. Billy

I'm curious, are any of those Bowers ads for the pennies in any of them?

James


I have read a lot of them recently and don't recall any ads by them or any
other USA dealer.

If I ever have a few months to spare I would love to compile an index for
all the issues that I have, all 750 of them. Billy

"note.boy" wrote in message
...

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

[snip]

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or
shortly afterwards.

They have yet to reach those levels again and, allowing for inflation,
they probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970,
for £25 and now they can be had for £5, to keep pace with inflation
the value would now have to be around £250.

I have a large collection of old UK coin magazines and the pages are
full of dealer adverts encouraging collectors to invest in modern UK
coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in
1965 would now have to worth £3 each to break even allowing for
inflation. Billy

I was a budding world collector back in the mid-60s and saw an ad in
Coin World or some such place, placed by QDB, hawking 1951 pennies in
EF-AU for something like $17.50 each. Caught up in his palaver, I bit
a big bullet and ordered out two of them. They were very nice coins,
with full detail and a decent amount of red still showing, but they
hardly kept up with inflation. My dreams of buying a new car with the
proceeds of their sale were dashed.

James


Fortunately for me I didn't leave school until 1970 so had little money
to spend otherwise I may have been caught up in the hype.

The UK coin magazines from way back then are a fascinating read. Billy

I'm curious, are any of those Bowers ads for the pennies in any of them?

James


I have read a lot of them recently and don't recall any ads by them or any
other USA dealer.

That figures. You natives probably would not have fallen for such a pitch.

James

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

[snip]

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or
shortly afterwards.

They have yet to reach those levels again and, allowing for
inflation, they probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970,
for £25 and now they can be had for £5, to keep pace with inflation
the value would now have to be around £250.

I have a large collection of old UK coin magazines and the pages are
full of dealer adverts encouraging collectors to invest in modern UK
coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in
1965 would now have to worth £3 each to break even allowing for
inflation. Billy

I was a budding world collector back in the mid-60s and saw an ad in
Coin World or some such place, placed by QDB, hawking 1951 pennies in
EF-AU for something like $17.50 each. Caught up in his palaver, I bit
a big bullet and ordered out two of them. They were very nice coins,
with full detail and a decent amount of red still showing, but they
hardly kept up with inflation. My dreams of buying a new car with the
proceeds of their sale were dashed.

James


Fortunately for me I didn't leave school until 1970 so had little money
to spend otherwise I may have been caught up in the hype.

The UK coin magazines from way back then are a fascinating read. Billy

I'm curious, are any of those Bowers ads for the pennies in any of them?

James


I have read a lot of them recently and don't recall any ads by them or
any other USA dealer.

That figures. You natives probably would not have fallen for such a
pitch.

James


Far too many did fall for the pitch of UK dealers and I often wonder if any
sunk their life savings into modern UK coins at that time. I'm so glad that
I was skint at that time and had nothing to "invest".

The coin magazines of the time had an Audit Bureau of Circulation figure
inside and the circulation went from something like 10,000 copies per month
to 50,000.

The number of pages also leapt mainly due to the huge increase in
advertising, mainly of the "coin investment" type. Billy

"oly" wrote in message
oups.com...
On Jul 6, 1:54 am, "PC" wrote:
"oly" wrote in message

oups.com...



Carry on, if you think you can handle that cursor thingie.

He is an obvious troll.

This is a nice bridge to lounge under, and I'm not going anywhere.


I was referring to Mr. E, not you. Sorry again.

On Jul 6, 4:32 pm, "PC" wrote:
"oly" wrote in message

oups.com...

On Jul 6, 1:54 am, "PC" wrote:
"oly" wrote in message

groups.com...

Carry on, if you think you can handle that cursor thingie.

He is an obvious troll.

This is a nice bridge to lounge under, and I'm not going anywhere.

I was referring to Mr. E, not you. Sorry again.

Very good, not a problem. This is such a nice bridge, anyway.

oly

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

[snip]

Another perfect example, but I was thinking in terms of coins with
numismatic value.

Bruce


Any modern UK coin bought in the run up to decimalisation in 1971 or
shortly afterwards.

They have yet to reach those levels again and, allowing for inflation,
they probably never will.

To give one example the "plastic" set of 1953 sold back then, 1970, for
£25 and now they can be had for £5, to keep pace with inflation the value
would now have to be around £250.

I have a large collection of old UK coin magazines and the pages are full
of dealer adverts encouraging collectors to invest in modern UK coinage.

It was even suggested that a bag of Churchill crowns could be a sound
investment, they are currently worth about £1 and if got a face in 1965
would now have to worth £3 each to break even allowing for inflation.
Billy

I was a budding world collector back in the mid-60s and saw an ad in Coin
World or some such place, placed by QDB, hawking 1951 pennies in EF-AU for
something like $17.50 each. Caught up in his palaver, I bit a big bullet
and ordered out two of them. They were very nice coins, with full detail
and a decent amount of red still showing, but they hardly kept up with
inflation. My dreams of buying a new car with the proceeds of their sale
were dashed.

James

So what are thesey going for today? I have a shiny AU/Unc in my British
penny album and always knew it was one of the better late dates. I never
paid very much for it.

Some of the recent US coins I was thinking of that sort of tanked after
reaching a lofty price status include the 1950-D nickel and the 1960 Lincoln
small date. To be fair, these rose and fell during a period in the 1960's
when lots of other BU US coins were rising and falling, and reflected more
of a market frenzy/correction. I never recall the 1955 DDO going through a
similar fluctuation. It always seemed to increase in value, especially in
MS grades.


Bruce

"oly" wrote in message
oups.com...
On Jul 6, 11:52 am, "Bruce Remick" wrote:
"oly" wrote in message

The coming financial storm is still percolating at the horizon, but
the losses already being experienced in the bond market and real
estate market are real enough.

I don't doubt any of what you say, but I've lived through many economic
cycles and I don't see anything I should worry about.


Look at what the 10 year Treasury Note yield is now. Forty-five days
ago it was 4.90%; now it is 5.20%. That sounds small, but it
represents a Titanic shift in the expectations of bond traders, banks,
insurnace companies and other people who are "in the know".

Obviously I'm not "in the know" so to speak. So what you are reporting is
simply economic dogma to me. What happens at those levels has never had a
serious affect on my personal situation.


Based upon what you tell me here, you might need to hedge some against
future inflation. With the Goldman Sachs boys in control of the
Treasury, and "Helicopter Ben" Bernake at the helm of the FRB, the
chances that the Wall Street insiders will be bailed out at the
expense of future high inflation is very likely.

Again, I don't worry. When Wall St gets excited about inflation or
unemployment rising or falling a tenth of a percent, it has no bearing on my
daily life. Whether I were working or not, the unemployment rate would be
meaningless to me personally. In times of inflation, that means I'll get a
greater cost of living raise in my pension each January.


Remember, it was the military men and the babushkas on fixed pensions
who got nailed to the wall in the former Soviet Union, when its
currency went to pot after 1989. Same thing in Weimar Germany in 1919
to 1923, although those old ladies weren't, of course, called
babushkas.

I would hardly equate our projected economic situation in the US to that of
the former USSR or to post-WW I Germany. Maybe I'm optimistic and a
realist, but I like it that way. Less stressful, not always worrying about
the sky falling.

Bruce