Skip to main content

Community Voice Responses (July 17, 2018)

(Image courtesy Stack’s Bowers)

From the June 22 Numismatic News E-Newsletter:

Do you consider the history behind a coin when making buying decisions?

Here are some answers sent from our e-newsletter readers to Editor Dave Harper.

 

Do I consider the history of a coin before purchasing it? Absolutely. My love of history and coins go together. First, I consider the coin itself. Who designed it? Is it a sub-type of the series? First or last year of issue? Arrows by the date? Motto or no motto, etc.? Then I like to consider the date itself. What was happening in the United States when it was struck? Who was President? Was there something significant that year? Is it a key date? All of these matters go into consideration when I consider the purchase of a coin. I love connecting coins with history.

Timothy Scharr
Aviston, Ill.

 

Indeed I do. One of my favorite features of Numismatic News is the Item of the Week page, which is near the back of each issue. I love reading about the unique history of each coin that is mentioned, and more than once I have been moved to purchase that particular coin. I suspect there is a story behind every one of our older coins just waiting to be told.

Fritz Goebel
Sheboygan, Wis.

 

I do consider the history behind the coin. Since I teach history, I look for coins that coincide with significant historical events. They become teaching aids that bring history alive for my students. In addition, I live in New Orleans. I was willing to pay more for a coin from the El Cazador wreck because that event shaped the direction of my city.

In addition, I am trying to collect a coin from each political entity of the 20th century. By their very nature, these coins have a history behind them. Russian Empire or Soviet Union? German Empire, Weimar Republic, or united Germany? People’s Republic or Republic of China? Nigeria and Biafra. The search has been fascinating and educational.

Dr. Lloyd A. Harsch
New Orleans

 

Absolutely! Be it a commemorative coin, regular issue, or a token, it’s very important to learn and understand the marvelous history behind the issue (and) makes collecting much more enjoyable and educational, too! This is a big part of what numismatics is all about.

Kevin Maloy
Tracy, Calif.

 

Absolutely! History has always played a most important part in the issue of coins, currency and tokens. The history of a state, country, person, or event can all lend much interest and a special appreciation for most any collectible. As my dear long-departed friend William C. Henderson often said: [Collectibles] can tell an interesting story!’

Max Stucky
Colorado Springs, Colo.

 

While history is an important component in acquiring coins, my answer is “sort of.” One buys commemorative coins either for the history, the beauty of the design, or both reasons.

When one acquires ancient coins, either the history or the wonder at humans many generations ago making coins is significant. I appreciate the most crudely made coins juxtaposed with skillfully crafted pieces, reflecting different levels of advancement by civilization.

Some collectors like acquiring sets of coins, with history of secondary importance. Investors may not give history a thought. But using historical perspective in making hobby acquisitions is a good way to enhance the joy of collecting.

Bruce R Frohman
Modesto, Calif.

 

I do consider the history when I am buying coins for certain type sets, and sometimes, if the history of the coin is compelling, I may purchase the coin for my collection as well. The history of coins was a big reason why I started collecting. I think it’s a shame if you collect coins but care nothing about the history and stories the coins can tell about the countries or people that produced them. If you are acquiring coins solely for value, then, in my opinion, you are an investor, not really a collector.

Richard Tritz
Address withheld

 

Yes! I do think about the history that was the present when a coin was struck when I am buying. To me, they are inseparable.

Norman Grange
Address withheld

 

Yes, over the years, I have considered the historical aspect in coin purchases. A very few have been a blunder. This was “short term” histories. Yes, this included the time of the Zeppelins, in stamp collecting. Lucky for me, no purchase, no loss.

A few coins; Morgan, and Peace silver dollars, for one. I even went through a number of “junk” boxes. Many years ago, I came across a Great Britain large cent, 1797. Yes, no typo. Somewhat worn, it was a find. The first steam-pressed coin ever. This is my most historical coin find ever. My statement is from an article from NN, many years ago.

Gary Kess
Sherman, Texas

 

Yes, I think that is very important.

Walt Wendel
Niceville, Fla.

 

This article was originally printed in Numismatic News. >> Subscribe today.

 

 More Collecting Resources

• The Standard Catalog of World Coins, 1601-1700 is your guide to images, prices and information on coins from so long ago.

• Error coins can bring big money. Learn to detect them and how to cash in on them with Strike It Rich With Pocket Change.

Comments

Popular posts from this blog

Stack’s Bowers’ June 2020 Auction Nets Over $5 Million

The Stack’s Bowers Galleries June 2020 Auction continued the trend of high prices realized recently demonstrated in their March Santa Ana and May Hong Kong auctions. Over $5 million was realized in the June sale across United States coins, tokens, and medals, achieving 114 percent of the pre-sale estimate on sold lots. (All prices listed include the buyer’s fee.) Strong demand for high-end gold coinage reflected continued growth in this collecting area, while Numismatic America also saw incredible strength, earning over 50 percent above pre-sale estimates in Internet-Only Session Three. With such strong results in their June sale, Stack’s Bowers Galleries is anticipating considerable interest in their upcoming August 2020 Auction, which will be posted online for viewing and bidding in early July. This Mint State 1824/4 O-110 Capped Bust half dollar featuring Washington and Lafayette countermarks realized $26,400. (All images courtesy Stack’s Bowers) Session One opened with Numism...

Mythology Featured on Early Indian Banknotes

The origin of the universe can be explained by modern astronomers and astrophysicists, while archaeologists and historians try to clarify the origin of human societies. A mythology is a collection of stories about a specific culture or religion. They often feature supernatural characters. Cultures around the world are filled with such ales about relationships between gods and humans. In the distant past, however, before any sciences existed, the beginnings of the world and of society were explained by MYTHOLOGY. Mythology is a common topic of expression through artwork. Not just dance; painting, sculpting, the mythology is a way of expression during many facets of day to day life. Even on Indian coins, stamps, and banknotes Mythology is featured with distinct concepts. The blog covers the topic: Mythology Featured on Early Indian Banknotes. As the British colonial reign strengthened in India over the years, their paper currency became the new normal. More denominations came in, layou...

Letters to the Editor (September 18, 2018)

Minting a new 3-cent piece wasteful if not silly Mint a three-cents coin? In the Aug. 28 issue of Numismatic News , a Viewpoint article by Wayne Pearson advocated the issuance of a new three-cent denomination coin to replace the cent. I think this idea is silly since nothing can be bought for three cents. Minting such a denomination would be wasteful. The least expensive item I know of is a paper bag, which one can buy for 10 cents in California when buying groceries. Making any coin of a smaller denomination makes no sense. I advocate a complete reworking of all of our coin denominations as follows: A dime, as the smallest; a quarter; a half dollar; and a dollar and a five dollar, all in ascending order of size. Eliminate the $1 bill and the $5 bill and begin the printing of $500 bills. Thomas Miller Santa Rosa, Calif.   Base metal dollar coin designs that have circulated alongside the paper dollar include Eisenhower (top left), Susan B. Anthony (center right), and Sacaga...