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Is a Coin Collection Similar to a Guitar Collection?

Discussion in 'Bad Dog Cafe' started by James Knox, Jan 20, 2021.

  1. elihu

    elihu Poster Extraordinaire

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    I found a 1914 D penny once...who-hoo!
     
  2. Flat6Driver

    Flat6Driver Friend of Leo's

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    One thing I learned about stamp collecting was that 1. It's a dying hobby but opening up in China. 2. Stuff isn't worth as much as you think/would like. 3. Many collections are worthless and 4. It takes a ton of work to get any value out of it if you're not in the hobby. (Selling on eBay for instance)

    My FIL collected for some 50 years. What we pulled out of the house filled 2 minivans. An auction company looked at a representative sample and estimated a yield. They took it all and marketed it and sold it all. .Took something like 6 months to get all the.money out of it (per practice). It was a good experience and we learned a lot.

    We have some coins as well and they have value just in the silver. I imagine the experience would be similar in trying to unload it.
     
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  3. Lost_N_Austin

    Lost_N_Austin Friend of Leo's

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    I started my coin collection in 1956. I have had to replace the original Cigar box one time but transferred over the date.

    I think I have about $4.00 worth of Zink Clad 1943 Lincoln Pennies - all of them will stick to a magnet unfortunately.

    This link has a very in-depth discussion about the value of these coins.
    https://www.gainesvillecoins.com/blog/1943-steel-penny-value

    Zink.jpg Zink2.jpg Zink3.jpg


    Lost_N_Austin
     
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  4. WalthamMoosical

    WalthamMoosical Tele-Holic Ad Free Member

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    I imagine there are silver US coins in there. If you've never done this simple experiment before, give it a go:

    Take a pre-1965 dime or quarter (silver) and a 1965-or-later one. Drop one on a hard surface table and listed to it ring, then do the same for the other. The difference is impressive!
     
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  5. aging_rocker

    aging_rocker Tele-Afflicted

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    I have a modest collection of coins, in a dish by the front door, along with some keys.

    I just looked, and it appears to be worth $6.50. Whoo-hoo! :p

    My youngest son has a few Roman coins, no idea what they are worth.
     
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  6. notmyusualuserid

    notmyusualuserid Friend of Leo's

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    Piece for piece, coins take up less room...
     
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  7. uriah1

    uriah1 Telefied Gold Supporter

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    I am slowly rebuilding mine. Would like to get all type sets except gold. Lol
     
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  8. charlie chitlin

    charlie chitlin Doctor of Teleocity Silver Supporter

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    No.
    :p
     
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  9. knockeduptele

    knockeduptele Tele-Holic

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    Its easier to hide from the other half
     
  10. HotRodSteve

    HotRodSteve Poster Extraordinaire

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    This website is pretty good for coin prices.

    https://www.pcgs.com/prices

    The good thing about coins is you can usually sell them and do okay, I've never sold a guitar and made a profit.
     
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  11. newtwanger

    newtwanger Blackguardian. Ad Free + Supporter

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    I had a bunch years ago but got into the relic fad. Didn’t go well.
     
  12. String Tree

    String Tree Doctor of Teleocity Ad Free Member

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    pretty close.
    Pre-CBS Coins have some pretty good Tone when you rub them together.
     
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  13. Middleman

    Middleman Friend of Leo's

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    My wife asked me to go down to the bank and retrieve her diamond earrings. I opened the deposit box and one was missing. I went back home and after about 30 minutes thought to myself that one earring missing doesn't make sense. I went down to the bank and emptied the box again, the only thing left was the foam pad in the bottom of the box. I lifted up the pad and sure enough there was the missing earring. It didn't even make a bump that you could see, had to lift up the pad for the reveal. Was thinking your coin might have slipped underneath.
     
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  14. boris bubbanov

    boris bubbanov Tele Axpert Ad Free Member

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    Yup.

    Also a great way to tell if a penny is pre 1982 or post 1982. The new ones are just electroplated zinc. They sound very un-musical. Other examples, telling some Canadian 5 cent pieces (almost all pure nickel) from USA 5 cent pieces (which are actually 75% copper)

    What's really tough is telling the 1970 era Kennedy halves from the earlier .900 ones. Even though the fineness went down, they sound very similar.

    Yes, this is where my idea of dropping AV52 style bridgeplates on hard surfaces, to decide which ones were most to my liking. :^)
     
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  15. Peegoo

    Peegoo Poster Extraordinaire

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    A few years ago I was in a Subway sammich shop and in my change I received an 1886 Indian head penny.

    I've never been surprised by the discovery I was now the owner of a guitar that's more than 100 years old. But I have a Slingerland tenor banjo that is :twisted:
     
  16. boris bubbanov

    boris bubbanov Tele Axpert Ad Free Member

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    You can also store coins in a smoking hot New Orleans attic. Where they can survive Hurricane Katrina. You cannot put your guitars up there (and so, they don't make it).

    +

    Btw, immersed coins got by, but only if not stored with those zinc, copper plated newer pennies. The zinc in the newer pennies reacted with the sludge that flowed into your house, and made a mess of all coins exposed for that long, with the garbage one cent pieces (another reason to quit making those).
     
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  17. bettyseldest

    bettyseldest Friend of Leo's

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    The entire coin and medal collection;

    upload_2021-1-21_9-51-57.png

    Part of the guitar collection;

    upload_2021-1-21_9-53-33.jpeg
     
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  18. Brad Pittiful

    Brad Pittiful Doctor of Teleocity Ad Free Member

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    take a coin...go to a search engine...put what the coin is...example - 1969 S penny

    lots of stuff will come up...start reading about the coin

    knowledge is power...never go and try and sell a coin (or anything) without researching possible value first

    youtube can help too
     
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  19. posttoastie

    posttoastie Tele-Afflicted

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    Another reason to not have a stamp collection in New Orleans
     
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  20. nojazzhere

    nojazzhere Doctor of Teleocity

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    When I was in college (early 1970's) I worked part time in a 7-11 type convenience store. Almost weekly, I'd have young kids come in to buy soft drinks and snacks. They obviously had raided their fathers' coin collections, and would spend assorted silver coins. I always checked what they handed me, and as soon as they left I'd swap out my coins for theirs. I was scrupulously honest about it, face-value-to-face-value.....and I still have those coins. I frequently received Franklin half dollars, and once got a silver dollar. Yippee! ;)
     
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