World Colonial

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About World Colonial

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    I was posting here when you were in diapers.

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  1. There isn't a single US series that can remotely be considered "ignored". The prices on some US series are relatively cheap versus other US coinage but then, there is no reason to believe that every US coin or series should sell for a price which reflects its relative scarcity across the board or at a level that it's proponents think it should. If this were to occur, then an even higher percentage of US coins would be a lot less or completely unaffordable to an even bigger proportion of the US collector base. And in making this comment, it should be obvious to everyone that US coins are already the least affordable coinage on the planet, by a substantial proportion. Here are some of the reasons for this price variance: One: The design is not very well liked Two: The coins don't exist in the quality which collectors disproportionately demand today. This almost certainly applies to Classic head gold and to the Liberty head denominations per my earlier post. Since US collectors consider such trivial differences in quality so important on coins which by any sensible standard are extremely common, there is no reason to believe that most coins which don't exist in this quality will sell for prices reflective of absolute scarcity. Three: The series is a long one making it cost prohibitive to most collectors. This applies to the Liberty gold denominations, even for sub-series. Another one where it applies is Liberty Seated half dimes, dimes, quarters, halves and dollars Most collectors also apparently find these series uninteresting and many of these dates are disproportionately scarce, even under traditional (as in not contrived) US standards.
  2. World Colonial

    Ancient collection value

    I would start by searching the Heritage Rare Coin Galleries archives or one from a similar firm (such as Classical Numismatics group) to attempt to identify what you have. Heritage is by far the easiest to search. From this source, you should be able to get a general idea of what the coins are worth, subject to differences in appearance (what US collectors term "eye appeal") and level of preservation. And if you aren't familiar with coin collecting, you need to be aware that small differences in quality can result in much bigger differences in value, though much less with ancient than US coins. Depending upon the value, you might also buy a reference book but don't rely on the prices if any are included; use it for attribution only. You could also contact a coin dealer such as Harlen Berk.
  3. There are a lot of date/MM combinations with prices which are "low" (by current US collecting standards) for both the mintage and survival. Most (if not all) are in the Liberty/Coronet QE, HE and eagle series. Most of these low mintage coins are legitimately scarce (unlike most other supposedly scarce US coins which are almost always common) but usually aren't available in the exacting quality demanded by most US collectors today. This is likely to work against the price prospects. As for variations, if you are referring to die varieties I have never heard of anyone collecting any of the post 1838 series by die variety. The earlier ones yes because all are shorter and it's evident from auction listings and reference guides. It may happen somewhat for the Indian Head QE because the entire series is very common and easy to complete for anyone who has the money but the Liberty/Coronet is scarce enough as a generic date/MM.
  4. In your question #1, I wouldn't list Grant with star as an option. I'd describe that coin as a die variety, though I presume others do not. The Daniel Boone sounds like an overdate which if so is another die variety, though I don't recall any in the entire series. If it is, I wouldn't include it either.
  5. World Colonial

    Downies 328

    I don't follow Australian coin prices closely. I have heard that the real estate market has been weakening lately and I know that this economy is dependent upon the real estate mania but normally wouldn't expect much of a correlation between economic conditions and coin prices.
  6. World Colonial

    EBay

    eBay is overwhelmingly composed of fixed priced listings at inflated prices for practically everything I see listed. I still buy thoruhg it occasionally but much less than in the past.
  7. World Colonial

    AU Certified Early Commemoratives

    I am aware of what you describe. The coins you are comparing it to which I presume are Franklin halves and common date WLH, those aren't competitive at similar prices either. If relative desirability is the criteria, I am telling you there are many other coins with far better numismatic credentials which collectors did not have access to until the internet age selling for similar prices. Any coin can be defined as "scarce" if the criteria is defined narrowly or arbitrarily enough. Additionally, comparing mintages isn't valid between two series which were intended for circulation and classic commemoratives which did circulate somewhat but weren't intended to do so. Common WLH and Franklin halves are more common in equivalent grade or quality (due to hoarding) but all are very common except under the most liberal criteria. It's also evident that the preference for classic commemoratives is very coin specific unlike the generic one for these two series. For example, the Hawaii is apparently very "popular" (with a strong collector preference) but solely based upon it's availability, I'd rate it one of the most overpriced coins in the entire US series. It isn't anything other than very common and the low mintage doesn't change this statement. Collectors just like it, a lot - as they do with WLH. These coins have the benefit of an outsized US collector base with a predisposition to collect US coins but nothing else. Classic commemoratives have fallen relentlessly since the bubble peak in 1989 but I can't even remember how many times I have read forum comments (or articles in the numismatic press) inferring or claiming it was cheap and should sell for more. Absent a huge run up in the silver spot price or another speculative bubble from marketing, financially you can stick a fork in this series. These two explanations are the most likely catalyst to noticeably increase financial buying which is the only reason I can see why demand will ever increase noticeably for it. If there is another catalyst to drive the preference higher for this series generically, I'd really like to hear it. Individual coins may (and probably will) continue to maintain the current preference but the series as a whole will become even less competitive as new collecting options are available (think primarily new NCLT). Anyway, I wasn't trying to pick on your post and yes, I do think the pictured coin from the OP is a nice one.
  8. World Colonial

    AU Certified Early Commemoratives

    Classic commemoratives aren't under appreciated, just a lot cheaper than in the past and deservedly so. The entire series is common (each and every issue) and subsequent to 1989 (or so) when prices peaked, the internet has forced it to compete with literally almost every other coin on the planet starting around 1999. It should be apparent that even without the price bubble and subsequent crash, it isn't as competitive for either the financial buyer's or the collector's money as it was in the past given the much broader range of options. This is equally true to one extent or another for all of the most widely collected US series. NCLT and to a lesser extent world coinage have displaced demand for most of the coins in the most common US series. The collector base is presumably noticeably larger than in 1989 when this series peaked, but it doesn't seem to be enough to offset the decline in marginal demand.
  9. World Colonial

    1909-S VDB Question

    Are you interested in buying one and crossing it over? Or buying and making sure the next buyer will consider it as an 09-S VDB? I don't have a Lincoln Cent reference but one might address this question. I did find a post on the PCGS forum from 2007 through a Google search. I can't post the link now. The replies indicate a filled die, something I don't know much about.
  10. I see this new service from two aspects. First, the potential market. I only collect Union Castle maritime memorabilia but from what I know, there is definitely demand for certain segments (one prior forum contributor collects space memorabilia to my recollection) and independently documenting the pedigree is certainly of value to those who do. Second, there is the current future price prospects. Heritage only lists about one dozen items on the website as I write this post but I presume there will be many more, probably at least hundreds. Of those listed and described in NGC's commentary, the one I see as easily the most significant is the letter from President Nixon. It's representative of actual history, unlike the weak association of the other objects, such as the flags. Those who want it apparently consider an object being sent on a flight is a big deal even though by now, thousands of items if not far more exist which have been to outer space. Longer term, I'd expect the objects with the most direct link to the space program and Armstrong's missions to maintain the most interest. The items which are collected which were taken into space just to send it there, not remotely equivalently.
  11. You have a nice coin. And by the way, the 1764 Mexico 2R I own, my comments aren't just for a this one date. This particular coin is among the best I have ever seen for the entire series covering all mints, over 80 combinations. The NGC 1764 plate coin looks better than mine except for color but I have never seen it in person.
  12. In the past, I have mentioned I have looked at Mercury Cameo proofs in the Heritage archives. This was initially before the populations increased noticeably. I have never inspected one in person but suspect based upon your post that the cameo contrast isn't that noticeable. I hold the same opinion for the SA cameos I own. Those designated CAM don't look it to me and those designated DCAM/UCAM I describe as CAM. Conversely, a coin I own without it (1957 NGC PR-67 RD SA penny) has the strongest contrast of any coin I have ever seen on the obverse, even in the holder which dilutes the contrast somewhat or a lot. It must have been the reverse. "Gradeflation" doesn't seem to be limited to the grade but also applies to cameo proofs. I equally don't consider most "red" copper or bronze to merit the designation either and would never pay a strong premium for most of the coins I have seen due to the color.
  13. I mentioned eye appeal but in the context that it isn't an actual scarcity. It's one of numerous extremely liberal standards where either a noticeable minority or even outright majority of the 250,000+ coins ever struck will qualify since it is so subjective. A few posts above here referenced die varieties. Same principle though it's an actual scarcity, just another narrower one. There is nothing unusual about scarcity as a die variety since most date/MM/denomination/country combinations have numerous varieties. It's probably the norm rather than exception for many or most to be at least somewhat scarce, even excluding very high mintage more recent coinage. There are probably at least tens of thousands of varieties eligible for a Sheldon or Judd R-5 with 31-75. In terms of justifying the price, no need to do it as it is your money. I have an NGC MS-61 Mexico 2R which I purchased from the Trestamara collection through Spanish auction firm Calico in October 2014 for 750 Euros plus buyer's fee for a total of about $1100, It was described as SC- which is a Spanish choice AU. NGC graded it MS-61 probably due to a combination of light friction on the crown side and numerous pinpricks next to one of the columns on the pillar side. The pillar side has a full rounded strike (might be typical of the date, don't know but still very unusual for the series) and the crown side has exception toning. Still if and when I go to sell it, it will probably be worth more out of the holder than in it. If I sell it myself, I'll almost certainly crack it out and consign it back to Calico rather than sell it here in the US. Regardless that it looks much better than practically any other pillar 2R I have ever seen, US buyers will almost certainly penalize it financially because of the TPG grade. I paid strong money for it because it is better than the MS-62 and MS-63 coins I used to own and I didn't want to pay a big multiple for another one with an MS-64 or better grade which is only slightly better. MS-64 or higher grade are the only ones I have seen that I consider better quality than this one.
  14. Medals have a direct historical connection of varying significance, in contrast to the overwhelmingly contrived and imaginary one for practically any coin. Many medals also have much better artistic visual appeal versus coins. If I were to buy any, I'd probably start with Spanish colonial but I actually think 17th and 18th century European have the best designs. I haven't seen hardly any US medals or post 1800 from elsewhere that I really like. A few, but not many. On buying very hard to buy coins, my experience is mixed but more like yours and John's. The Lissner sale was the one exception where the coins were real cheap and I regret not buying more. But then, I was buying Bolivian Republic decimals. Otherwise with my other series, I am coming to agree that buying it from dealers at a fixed price on the few occasions when it comes up for sale is the safer and possibly cheaper option. There is one coin which sold on a dealer website recently up for sale again at auction in two weeks. I didn't see it (or else I would have bought it) but the buyer is obviously "flipping it". By co-incidence, another one in a slightly lower condition sold earlier this year but otherwise the three I have seen for this date represent one-third of the nine I have seen for this type in 16 years. It could easily sell for double the dealer price and if it does, I have decided to pass on it.
  15. World Colonial

    NGC Grading McDonald's MacCoin Tokens

    I understood your point...and agreed with it. I was thinking the same thing as you. McDonald's can create an entire series of this "coinage" with different themes and designs for local tastes worldwide. Other companies with worldwide high profile brands can do it too with a good chance of success. When I lived in South Africa from 1972-1974, there were these two albums. One titled "Historic Battles" (with stickers to place in a battle scene) and the other "Naturama" (to glue the top to the page). I'd buy a pack of three or five for 5C at the local convenience store and for birthdays, get a box of 100 packs from my parents. A few of these were "rare" and I had to buy it directly from the issuer to complete the album, but I can see a similar approach for this idea. I still have both albums now, though not in new condition since I didn't know how to take care of things properly back then. One day on my trips to Bolivia, I might even commission a local artist to paint a few of the historic battle scenes. The art is pretty good. Since these tokens can be redeemed for "food", millions can potentially be issued with an intentional "scarcity" for a low number to maintain interest. Hundreds of different types over a long period of time if it catches on. And as you said, many won't be redeemed and it would be pure profit.