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I’ve decided to start this thread so that the credit card shtick thread doesn’t get off topic. Click here for the thread about Jewish Coin History.
Here are the last two posts from the credit card shtick thread:
yankdownunder:
Why not hold on to the proof sets, as they (coins minted in the different mints) could be valuable and redeemable in the future. If I purchased a Proof Set, I would hold on to the Proof Set and purchase a Coin Colectors Book in the Future. Slightly off the subject it is similar to acquiring Sheets of Stamps from the Post Office. There to I would also purchase a Stamp Collectors Book, stamps like coins can be worth a lot of money if they are rare and in good conditon. I know this is hording Coins (or stamps as the case may be) out of Circulation, but purchasing a proof set at the Mint or Stamps from the Post Office are not the usual way of acquiring Coin Money and Stamps. I consider both of them Collector Items.
I can only try:
yankdownunder-
I know a bit about coin collecting.
There are proof sets that are rare and valuable and there are proof sets that are quite common and not worth much.
Coin collecting as a hobby is fun, but difficult to make money doing.
There are many, many unscrupulous dealers willing to take your money and sell you overvalued, overpriced and overgraded coins.
I recommend the PCGS site for info.
A full sheet of stamps or a corner block is worth more than an individual stamp if the stamps are collectible.
In the 40’s there was such a run on collecting full sheets of stamps that there are still many of some varieties available at approximately face value.
So as not to take this thread totally off-topic, if anyone is interested enough to start a coin-collecting thread I’d be happy to answer questions there.
I have only minimal knowledge of stamp-collecting.
YW Moderator-42-
Thank you for starting this thread.
ICOT:
If I want to start small children on a coin collection, what would be the most cost effective method/types of coins, while still giving something nice as a present?
Also I don’t feel there is any reason to get coins graded if they are for collection (as opposed to value/sale) purposes. Do you agree/disagree.
I always meet a few frum stamp collectors (including Chasidic) at the ASDA stamp show twice a year in Manhattan.
I collected coins as a pre-teen and into my teenage years. I really enjoyed going to coin shows, because I met many interesting people who knew a great deal about the history of the coins they sold. My father also collected coins, and I enjoyed the time spent with him in a common hobby.
gavra_at_work-
For small kids, I would say there are two prerequisites:
I would look in these categories;
-Indian-head pennies. These are not very expensive (about a dollar each in decent condition for non-rarities) and the Indian adds an exotic flavor to the coin.
-Buffalo nickels. Cheap (about .50 – .75), and also very exotic-looking with an Indian on the front and a buffalo on the back.
-Steel Lincoln cents. Produced in 1943 to conserve copper for the war effort, these are the only U.S. coin that can be picked up with a magnet.
Obsolete coins-
-Commemorative half dollars. Produced in large volume mostly in early-mid 20th century. Prices vary greatly, depending on the coin and its condition. Mostly too expensive for kids.
(I got a little carried away, and included some coins that are not for kids)
Also I don’t feel there is any reason to get coins graded if they are for collection (as opposed to value/sale) purposes. Do you agree/disagree.
You will pay a grading fee to PCGS, NCG or any other grading service you send your coin to. You may not like the grade they give it. They may not even encapsulate it if they feel the coin was tampered with (tampering is an unfortunately common occurrence).
Nonetheless, the authentication they provide and the protective encapsulation they put the coin in may make it something worthwhile even for a collector who has no interest in selling it. Plus, if they ever are sold, an authenticated coin is a lot more saleable.
Joseph-
It sounds like you know something about stamp collecting.
Could you handle stamp questions on this thread?
ICOT: Absolutely. I’ve been a collector since I’m 9, when my grandfather got me into stamps and coins (more on the stamps side.) Linn’s Stamp News is a great periodical to read.
Joseph:
I’m not into stamps, but do have a set of coronation stamps (1953) from QEII from the various states in the Commonwealth/colonies. Most have postmarks. Any idea if this is rare?
gavra: I can look into it when I’m back in town.
My daughter likes the “state quarters” that have been issued over the past 10 years & has been collecting them (that is, whenever we get change, she checks for state quarters that she doesn’t yet have). I doubt that the collection has any value above the face value of the coins, but they are visually interesting & it’s neat to see which design has been chosen to best represent each state.
The Mint is now also circulating the Presidential coin dollar series, in a similar fashion to the state quarters.
mamashtakah-
Joseph-
Do you specialize in U.S. stamps or some other country?
anon for this-
ICOT: I specialize, primarily with mint U.S., although I have a general international collection as well. The USPS had put dates on stamps, at different points in the past. But even without them, many collectors do collect all stamps.
Joseph, I see that they are putting out a Maharal stamp. Which other great rabbinical personages have appeared on stamps?
ICOT: Thank you! Jothar: In 1995 Slovakia issued a commemorative stamp of the Chasam Sofer. (GAW: I am still not back in town to research your inquiry.)
gavra, The 1953 Elizabeth stamps are not of any major financial value whether they are in mint or used condition. They are a collectors item, yet something that was widely issued.
BS”D
I have a 17 1/2 shekel coin with Ariel Sharon on the front and “kimat chai” on the back. What is this worth? I picked it up from my chalfan Mr Shabtai Olamnivrabishvili of Lilienblum st last time I was in the medine and he gave it to me for $3. Note: I do not use official medine currency.
How does one manage to completely avoid use of the medine currency, if living in E. Yisroel for an extended period? I always admired those that can manage that, but wondered how they did so.
How much is Amram Blau’s script worth?
how much is a 1943 pengo (old hungarian coin not minted anymore) worth?
An uncirculated 1943 Hungarian 5 peng? coin is worth about $10 (US).
thanx
why goody you have one?
BS”D
Jothar, you have scrip from R’ Amram Bloy? Probably of no value to collectors though.
No. I’m sure it’s possible to get it though.
A600KiloBear – I hope you paid the 3 dollar charge with the $3 bill that has B. Clinton on the front.
BS”D
Actually I usually trade expired EBT cards from my Creedmoor connections for the Olamnivrabishvili currency. This time I used some “gelt” with Lipa Schmeltzer’s pic in the front and a different denomination in each corner. Can’t remember which concert someone got it from.
mky- why else would i ask?
Joseph:
Thank you.
BS”D
The Hungarian 7 peng? coin is an extreme rarity which can be exchanged only for kokosh cake at a small basement bakery in Kaser.
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