Wednesday, June 18, 2014

When was the first Presidential Dollar really made?

I was chatting with the club president a couple of days ago and the subject of presidential dollars came up.  Of course the first answer that comes out of most collectors mouths is that the 2007 George Washington Dollar was the first one.  I thought that there might be another dollar that could really be called the first presidential dollar.  So without hesitation I asked Craig, "wouldn't the Eisenhower Dollar be the first real presidential dollar"?  Well he contemplated on that questions and answered that it was the first dollar coin with a presidents face on it.  So after a Google here and there I found that even though Jefferson was the first president to be put on a coin, the nickel, the the first dollar that was produced with a presidents bust was the good ole Ike dollar.

Now I know that many will say that this is true, but the presidential dollars didn't come out until the year 2007 after in 2005, President George W. Bush signed the Presidential $1.00 Coin Act.  Of course you can say that this act was the foundation of this query, but I must disagree.  1971 was the first year a president was put on a dollar coin and that cannot be disputed.  If fact the coin is called a "Eisenhower Dollar".  What are you going to call the issued presidential dollar that comes out in 2015?  Eisenhower Dollar 2?

Bring up the subject with other collectors.  Throw it around the coin stores and dealers and see what they say.  This could make for a good numismatic subject.

Wednesday, May 7, 2014

Tribute to JFK

The Gateway Coin Club of Merced County has a display at our local library paying tribute to one of histories memorable presidents, John F Kennedy.  I was lucky to come across this display while I was there and fortunately one of our members was nice enough to have case open so I could take some photos for our blog.  Many our age can remember that infamous day when one of the youngest and

Friday, April 18, 2014

History of the Numismatist

     It is a curiosity.  How or even when coin collecting really started.  Within a collector there must be an an extra gene that compels us to seek our sought out treasures.  There is a moment of triumph when a set is completed or you found that one specific coin you have always dreamed of.  May be this is how numismatic collecting came about.  Because there can be a reward when a numismatist goes on a hunt.

     But as I searched through documents and a couple of books,  I've concluded that coin collecting wasn't really coin collecting during the periods some aristocrat's were once noted for.  It was once said that collecting coins was the hobby of kings.  One would have to have the aid of a seeing eye dog if they couldn't see that one.  Of course it was the hobby of the privileged.  Who else would have had the coins?  The commoner of these periods, would have had  only a few coins, if any, in their purse (not like to coffers of the nobles) and the collectible state of it really didn't matter.

     It is debated, the Roman emperor Caesar Augustus was considered to be one of histories first numismatist. It's mentioned historically that he accumulated a plethora of coins and gave them out as gifts at parties.  Well Rome had their hands on a lot of territory back then, so it's reasonable to believe that the coins any one of the Caesar's had, came from the imperial vault.  Does this count as collecting?  Is it the amount of coins one owns or is it the number of sets a collector puts together?  This may be a question that may never be answered by the Numis-brotherhood.  There are some other's who are mentioned to be numismatic hoarders of old and they can be easily found on the net, but we will leave this for another topic.

     Let us get back to the history of the Numismatist.  I read an article written by Dr. Busso Peus Nachf that puts some reasoning of when the numismatist came about that makes some sense.  The only set back is that it still puts the coin in the elites palm.  He says that collecting coins may have started back as far as the 5th century BC.  The artistry put into the coins was a value that was of great importance.  This makes sense.  Also the designer would put their initials within their works which added to the intricacies to the coin.  I can see these as plausible.  Coins collected to this day have these traits.  But again, who else would have had these coins or could afford to get coins to admire?  Not the common folk.

So we have to travel farther into the future.  To a period in time of a poet by the name of Francesco Petrarch.  Petrarch was a scholar, a poet and rumored to be one of the initiators of the 14th century Renaissance.  He and other's used coins to complement their knowledge on classic history.  This is when the study of numismatics was introduced and incorporated into researching history. This made the coin not only an object of value but gave it a historical significance.  Thus the creation the  true Numismatist.

Now this makes a great deal of sense to me.  But of course others may see it differently.  But when collector takes not only the condition of a coin, but also include the historic period and history of a coin, that really makes someone a numismatist.

You can read Dr. Nachf article and come up with your own theories here Collecting Coins

Tuesday, April 15, 2014

A lesson about Counterfeit Coins Part 2

OK.  This is a little late, but as I say better late than never.  This is a second article about the fundamentals of detecting counterfeit coins.  I can not stress how significant this practice is.  There are several countries who turn a blind eye to counterfeiting.  Most are in the east, but never the less, this is an on going problem within the coin community.  Even today there are encapsulated coins that have been counterfeited with the grades and  labels of some well know grading services.  So if you're a numismatic enthusiast, I suggest you take time a read through this educational information.  It may one day spare you from the agony of purchasing a phony.

Enjoy the read.

Friday, March 28, 2014

A lesson about Counterfeit Coins

     Well for today's post lets talk about counterfeit and phony coins.  Now that the coin market is picking up pace and more people are buying rare coins for their collection or for investing, it is probably wise to be somewhat knowledgeable about if a coin is real or not.  I myself have met people who have failed to pawn off a fake coin to me.  Of course I can't say how many times I've heard that sad tale of a deal gone south because the coin wasn't really a coin after all.  So with that said  I would like to start with a little snippet from PCGS. "Since perhaps the very day coins were first produced, quick-buck artists and their counterparts throughout history have sought illicit gain by making copies-or counterfeits-of the genuine articles".
     OK.  Now that you've seen the beginning, I suggest that you take some time and read the rest of this article.  If you don't have the time, bookmark it for a later.  You will come away with a little more ease of mind and understanding about these types of coins that leave a sour taste in  ones mouth.  

Have a nice read

Thursday, March 20, 2014

The Highland Mint

Ever wonder if that silver coin or bullion you are looking at is legitimate?  With the number of replicas and counterfeits being  more proliferate today than ever, due to the speculations of gold or silver prices and with the ease of accessing the internet to sell, one may wonder if what they are looking to buy is real.  So today is a day to set your mind at ease.  If you've seen silver bullion for sale, that was minted by the Highland Mint,  chances are that you are getting legit minted piece.  Here's a video that shows their minting production.

Monday, March 17, 2014

Las Vegas 2014 Coin Show Silver Dollar Seminars

While looking for today's topic for our blog, I came across this interesting article from the Numismatic News web site.  Within this story I was please to see that one of the speakers on VAM's, C. Logan McKechnie, will be sharing his knowledge at one of the many seminars that will be presented at the 2014 Las Vegas Coin Show. The Vegas show, put on by the Las Vegas Numismatic Society, will have several seminars on the Silver Dollar and Mr McKechnie will be among one of the five experts that will be attending these seminars. To see more about the story just follow the given link - Vegas Silver Dollar Seminars

Monday, March 10, 2014

1992 D Lincoln Memorial Cents

I read an interesting article today about 2 different reverses on some of the 1992- 2000 Lincoln Memorial Penny.  In 1992 the Philadelphia and Denver Mints used 2 distinct reverse types.  One with the AM in AMERICA being close together and the FG (Frank Gasparro's) initials being far from the Memorial and the other version has a greater distance between the AM and the initials are closer to the Memorial.  The closer AM is the rarer of the 1992-D cents.  Heritage Auctions estimates that there is only 15 of the rare pennies that are currently known, but more may come to light.  A MS69 Red Lincoln that was graded by PCGS sold for $14,100 at a Heritage auction on Feb 17 2014.

So before you give your little one that penny for the gum machine or throwing it in a penny tray at your local store, you may want to take a closer look.  There might be a Lincoln in your hand that will bring a lot of cents into your pocket.

Monday, March 3, 2014

Australia Map Shaped Coin Series – Koala 2014 1oz Silver Coin

     While I was out looking for a topic for today I came across this unusual coin. It's minted by our friends in Australia and to my surprise it is legal tender. Now I've got to admit it, it is a unique item. The price is twice over the value of an ounce of silver at today's prices, but the limited number of these type of coins makes it an item that could become "a must have" for the collectibles and numismatic collectors down the road. Just how much will depend on the number of survivors and if silver goes up a little and holds.
     Even though I might think it's a little pricey, I like it. Not to many map shape coins in my collection and I'm going to have to mull it over about buying one. If you're curious, just click on the link below and it'll take you to Perth Mint.
Australia Map Shaped Coin Series – Koala 2014 1oz Silver Coin

Saturday, March 1, 2014

Who Collects Coins?

How often do you hear that coin collecting is for nerds or geeks?  No one important or cool would admit they collect coins!  We know it's not true though.  In fact many collectors come from many places, have different faces and live different lifestyles.  So with that in mind we look to a fellow collector that many would have never thought of.

Wayne Gretzky

Wednesday, February 26, 2014

Tuesday, February 25, 2014

We're Back

Well after a short hiatus from the net, the Gateway Coin Club of Merced County is starting up a new club blog.

We will be bringing you the latest news and information from our own local guild as well as listing events and shows from other club and numismatic organizations residing in California.

See a post you like Leave a comment.   Join in the interesting world of collecting coins, tokens, and paper monies.  We look forward to hearing from you.