Sunday, January 29, 2017

An Intervention Letter to the ANA

Dear ANA,

I meant that, what I just wrote above, calling you dear. You are dear to a great many collectors, myself included. For 125 years you have been the go to resource for numismatic information and education, not that I need to tell you. Lately though, there is a lot of talk about declining membership and your relevance in general. That's why I am writing this letter; I don't want to see you disappear. You are capable of so much and it hurts me to watch you dwindling away. In the past I had turned a blind eye to your suffering and said things like, "If the ANA is determined to kill itself, that's its business." No longer. You need an intervention.

Saturday, January 28, 2017

Odds & Ends 1/28/17

I've picked up on, or been outright told, about a few tidbits of numismatic goings on and wanted to share.

CoinZip.com

On the surface they list coin shows and auctions, as well as house extensive dealer and coin club directories. This alone makes them extremely useful, but the fun doesn't stop there. If you have a coin club, the folks at CoinZip will help you set up a website completely free of charge. They even get you set up on social media if you need help (the social media help applies to dealers, too).

Sound good? It is. But we're not done yet. CoinZip also boasts an online auction platform.

N.C.N.A. Annual Coin Show and Auction

I'm not in North Carolina and my guess is you aren't either (I know I will be wrong in some instances, so just go with it for now). For the first time, the North Carolina Numismatic Association will be hosting an online coin auction in conjunction with their annual coin show. Here is a clip from the information I received:

Each consigned item will be photographed, described in detail, and displayed on www.coinzip.com/auction and www.NCNAonline.org/auction.

Interested bidders can register and place bids in advance of the coin show dates. During the N.C.N.A. Annual Coin Show & Convention, all consigned items will be displayed for viewing at my CoinZip show table. Computers will also be available for customers to bid during the first two days of the coin show. At the close of coin show on September 9, 2017, the online auction ends and high bidders are notified by e-mail. Winning bidders have the option of attending the final day of the show, September 10, 2017, to pay and pick up their merchandise, or send payment with added shipping costs to cover their mailing expense.

Lookzee App

This is more of an update than new information. The app is still in beta testing for iOS (Apple mobile devices). The website is live, though not super functional yet. They're getting a foothold on social media. You can Like/Follow them on:

Facebook
Twitter
Instagram
YouTube

Thursday, January 26, 2017

How Many Coin Collectors Are There?



In a recent post on Coin Update, the editor asked a question: How does someone count the number of coin collectors who do not belong to the ANA? Those of us who do our buying largely online, or from the bank, and never bothered to join a group where we would be part of a head count. (See the full article here. Editor's note is at the bottom of the article.)

A few ideas come to mind...

Tuesday, January 24, 2017

The Truth About Raw Coin Values. Period.

by Daniel Malone



Regardless what source you use for your coin value information, you might be making a huge mistake. Most collectors don’t read the fine print and don’t realize that no matter if it’s the Red Book, Coin World, Numismadia, PCGS Prices, NGC Prices, Grey Sheet, or any other website price guide or publication; all of them are values for certified and graded coins.

You read that correctly; no price guide is based on raw coin values and there are no exceptions. Don’t believe me? Just pick your favorite price guide and look for the fine print and you will find the disclaimer.

How do you find out what your raw coins are really worth? Well, there are three methods. You can visit ebay, search for the coin you want to research, then scroll down on the left side and click the “SOLD” listings. It is here where you will begin your journey on finding the value of your raw coin, but wait, it’s still not that easy.

Wednesday, January 18, 2017

A Reaction to Mark Salzberg's PCGS Article



I read an article yesterday by Mark Salzberg from NGC about a correlation between PCGS certified coins rising populations and dropping values.

Read the full Salzberg article here.

In his piece, Salzberg asserts the PCGS has lowered its grading standards in the past five years to allow for higher grades to be assigned. The entire time I was reading the article I couldn't shake the idea that something was amiss. Obviously, NGC and PCGS are competitors, so one company's Chairman writing about the other company is always suspect. Since the post took a negative tone toward PCGS, while sprinkled with compliments for NGC, it became apparent that this was a take-down piece. The goal of a take-down piece is to lower public opinion of an individual or group, take them down a peg.

Knowing that, I wanted to point out a few things about TPGs in general.

Saturday, January 14, 2017

IN GOD WE TRUST - Some Perspective



I recently saw a short video on Facebook about keeping IN GOD WE TRUST on U.S. currency. It said something to the effect of, "The U.S. should keep IN GOD WE TRUST on our money. Share if you agree."

My first thought is, "Is there a serious chance that Congress will vote to remove our national motto from our currency?" Probably not; too many people would be voted out of office on the next election cycle if that happened.

My second thought was, "IN GOD WE TRUST has only been the national motto for about sixty years." While the motto's relative newness shouldn't detract from its meaning, intent, or power, I cringe inwardly when I see it presented as something that has been with our nation since the Revolution.

Saturday, January 7, 2017

Coin Giveaway # 3













Happy New Year! Time to give away another coin. The Stamp and Coin Place has put up the sweet Morgan pictured here.

To enter to win please do the following:

Like our Facebook page.

Join the email list. You can click the Sign Up button on the FB page or sign up here.


Share this post and comment once you've shared.


If you already like the page and have joined the list, please just share this post and comment to enter.

A winner will be chosen on 1/20/17.

We can only ship within the U.S.

*****Please Note***** Your name will be announced on our FB page if you win.

Friday, January 6, 2017

A Game of Coins



Why are there no numismatic games? I mean, aside from flipping a coin, a total classic by the way, there just aren't any good games featuring coins. This seems like an opportunity for entrepreneurial minded collectors.

Numismatic games would give collectors a new way to interact with our hobby. Imagine if your coin club held a game night. Cool, right? I would be more tempted to join a club (there are no clubs in my area, so it's really not an issue but I'm just saying) if there was a game night. Instead of a lecture, we could talk coins over a game.