Baby Boomer Pocket Change

Are You Still Collecting Quarters?-Check for Mintage Numbers

Are some of you still collecting quarters from the new series being minted? Well if you are, I have found out that the number of coins minted at a facility is important. Now from what I gather, the lower the mint run the more valuable the coin to collectors.

So, quarters like Puerto Rico, Samoa and Guam should be quarters you hang on to. This article, by Coin News Gives a good overview of the mintage.

Also refer to the Coin Value report on the Mintage of State Quarters.

Of course, after the newly released quarters are gone from the Mint then you will need to purchase from a dealer, on Ebay or at a coin show. However, read the Ebay descriptions very carefully. I saw one set of coins with a picture of them in cases that looked like they had been certified. However, when you read the description the seller says “In their opinion ” the coins would be certified as MS70.

Would you like to add anything?

Would you like to add anything?

Tags: coin collecting, coin values, mintage

Can You Believe That Someone Discovered a 1943-S Lincoln Cent Error?

I found a great site full of radio archives of radio shows all about coins. It is called Coin Talk Radio. So every now and then I will present some of their segments.  I am sure many savvy baby boomer coin experts will be the stars of some of these shows. I am going to tune in right now.

This  segment  features many guests including dealer Emil Torp and his rare discovery of a 1943-S Lincoln cent struck on a dime planchet, ANA Convention Manager Brenda Bishop, Kevin Brown of the Bureau of Engraving and Printing, and collector Paul Whitna from the floor of the National Money Show in Portland, Oregon.  And as always, host Bob Van Ryzin has the latest in hobby headlines.

Tags: coin collecting, money, penny lincoln 1943-s

Introduction to Coin Collecting

I found this simple introduction to coin collecting information and a vital jumpstart for anyone just starting to collect coins. Take a few minutes to read this blog post on coin collecting . Also, also sign up for the free mini course on coin collecting.

Tags: coin collecting, coins, mini coin collection course

What is Numismatics?

If you talk coin collecting I am finding that you must know this term called “Numismatics”. Now, I trotted over to Wikepedia and decided to share with you what they said. In the next post I will share some history.

Numismatics (Latin: numisma, nomisma, “coin”; from the Greek: νομίζειν nomízein, “to use according to law”) is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes a much larger study of payment media used to resolve debts and the exchange of goods. Lacking a structured monetary system, people in the past as well as some today lived in a barter society and used locally-found items of inherent or implied value. Early money used by people is referred to as “Odd and Curious”, but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes in prison). The Kyrgyz people used horses as the principal currency unit and gave small change in lambskins.^[1] The lambskins may be suitable for numismatic study, but the horse is not. Many objects have been used for centuries, such as conch shells, precious metals and gems.

Today, most transactions take place by a form of payment with either inherent, standardized or credit value. Numismatic value may be used to refer to the value in excess of the monetary value conferred by law. This is also known as the “collector’s value” or “intrinsic value.”

Economic and historical studies of money’s use and development are separate to the numismatists’ study of money’s physical embodiment (although the fields are related; economic theories of money’s origin depend upon numismatics, for example).

Tags: coin collecting