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Thursday, November 30, 2017 - 08:35

Baltimore Coin Show Report  November, 2017

The recent Baltimore Whitman expo, held in Baltimore, Maryland November 8-12, was an excellent show—one of our best of the year in fact. There were, relatives speaking, a lot of error collectors in attendance, as well as activity both buying and selling. We sold more than we usually would at a Baltimore show, and were pleased with the total sales for the show. 

Additionally buying was good, with a number of collectors bringing us parts of their collections to sale. As a side note, it’s a good idea to occasionally go through your collections and “weed out” the coins that no longer fit into your set, and sell them so that you can then use that money to buy coins that do fit into your set. Sometimes collectors “keep everything” that they buy, and if that’s what you enjoy doing, then you should collect that way, but if you are building a set which has a specific aim or theme to it (e.g collecting a set of off-center Kennedy halves by date/mint), then having duplicates doesn’t really make sense. But enough of this rabbit trail, and back to the topic of the show!

We did see strong prices in the Auctions as well, and won very little, with some of the coins going to stratospheric prices. Sometimes auctions can be a good place to buy a coin, but at other times prices can go well beyond what they should. It only takes two bidders who don’t know a coin’s value for a mint error to sale for far beyond what it’s worth. Unfortunately, sometimes collectors or dealers will look at that outsider sale, and think that it is comparable for selling their own coin—wrong! That coin should be ignored for all practical purposes, since it is an outsider in terms of a coin’s price average, and shouldn’t be used to price an error coin.

Overall, we can say that we are optimistic about the state of the error market, and although there are soft areas, collectors are active and the market is pretty healthy as a whole. 

 

Friday, October 6, 2017 - 10:40

We recently made a discovery that Coin World has published in their weekly paper. Proof Ike dollars and Kennedy halves are known from the 1970's which are struck on aluminum coins or tokens. Until now, it was unknown what token or coin these proof Ike and Kennedy halves were struck on, but we did some research and were able to figure it out by clsoely examing a proof 1970-S Kennedy half and a proof Ike dollar that we have in our inventory.

Read the article here on Coin World's website: https://www.coinworld.com/news/us-coins/2017/10/1970s-coins-struck-on-aluminum-game-tokens.html

Monday, October 2, 2017 - 07:20
Two-Tailed Mule Quarter

Coin World just recently reported the existence of a 3rd known example of the remarkable two-tailed Washington quarter mule. The coin has two reverses, and as such cannot be dated, but it is believed to date back to the 1960's.

The full article can be found on Coin World's website: http://www.coinworld.com/news/us-coins/2017/09/pcgs-certifies-two-tailed-washington-quarter-dollar.html?utm_medium=Email&utm_source=Lyris&utm_campaign=DigitalEdition

Thursday, August 24, 2017 - 06:35

Do you feel like you know the difference between a mint error and a "damaged" coin? Do you know the difference between an error and a variety? If not, you should take the ANA's correspondence courses ""The Modern Minting Process", and "U.S. Minting Errors & Varieties." They are excellent courses which will teach you all the fundamentals (and more) about errors and varieties. You will then have a solid foundation to grow and learn as an error or variety collector.

Here is a link to the ANA's correspondence courses: https://www.money.org/diploma-program

Here is a link to other educational opportunities offered by the ANA (all are recommended by us.) https://www.money.org/school-of-numismaticshttps://www.money.org/school-of-numismatics

Thursday, August 17, 2017 - 08:57

For those of you who are not members, CONECA is the no.1 error coin club in the United States. It has approximately 650 members across the U.S. and around the world, with members participating in writing articles for the club journal "Errorscope", and with annual club meetings held in conjunction with the ANA World's Fair of Money. The club also is a excellent way to connect to the "experts" in the hobby, as well as other error coin collectors.

If you are not a member, we strongly recommend it. Here is a link for more information about the club: http://www.conecaonline.org

To join, you can sign up here: http://conecaonline.org/content/join.html