Home Add to Favorite Contact Submit  
             14 May, 2021

Category:  Articles » Arts & Culture » Crafts


New Life In The Coin Market

         Views: 1521
2008-01-12 02:48:38     
Article by Larry E. Smith

It took the 50 States quarters program, introduced in 1999, to breathe new life into the coin collecting hobby. Millions of American people began once again to check their pocket change looking for tougher dates and a prolific number of error coins. Regardless of where you live, in good times and bad, using coins as a means of making a profit has been a key factor in many people being involved in the hobby. It is exciting to the metal detecting hobby too as thousands of users in the US are competing to be the first to complete a set of all 50 states.

I got started coin collecting in the boom era of US coin collecting back in the 1960's. Coin prices soared to all time highs as the uncirculated roll market was a phenomena unequaled in its power to attract collectors and investors. The 1950 D Jefferson Nickel rolls are a classic example of this boom. This roll sold for as much as $1200- a price of $30 per coin in the 40 coin roll. As a college student, I would go to coin club meetings and purchase BU rolls of Morgans and Walking Liberty halves for $30 to $40 and double or triple my money the very next day. Good spending and expense money for a student who was working about 30 hours a week to help pay for my education. But the roll boom sputtered in the second half of the decade and late-date rolls have never regained the influence they enjoyed in the hobby at that time. This drop in importance reflected a growing knowledge that coins that could be purchased in roll or bag quantities were not likely to become scarce or desirable to serious coin collectors. The coin collecting emphasis began to shift to single coins with low mintages and superior quality.

The ending of silver minted coins in the 1960's also led many US hobbyists to back away from coin collecting. Almost overnight the silver coins disappeared from circulation and could not be found in pocket change. The inability of finding scarce collectibles in their small change removed the most important factor for participation in the hobby and the marketplace. In 1999, it happened again! These popular 50 States quarters have all of us looking at our change again. My 80 year old Mom has purchased BU rolls of all issues for her and her grandson. Children of all ages have folders and albums for their coins and some of them are also educational tools that geography and history teachers are utilizing. As a treasure hunter, every new one I find brings almost as much excitement as a good silver or gold coin. If you are new to the hobby of metal detecting or to coin collecting, the 50 States quarters are a good place to begin. Here's to "diggin' it"!


Specialized in: Life - Coin Market
Print article      Bookmark this page
Related Articles 
The Top Location to Uncover the Crafts through the Web (Popularity: ): You will discover a variety of explanations precisely why individuals all over the world would really like to check out India someday soon. The particular natural splendor of the nation, the particular energetic ethnic traditions - these are the actual elements which the majority of individuals think of initially. However crafts of India happen to be furthermore the purpose with regard to going to this specific country. Actually, India happens ...
Home Embroidery, No Sewing Skills Required (Popularity: ): A lot of people have the mistaken belief that in order to operate a home embroidery machine one must have some skills in sewing, this is completely wrong. It is true that a lot of people who get into the world of machine embroidery do so as a result of having an interest in sewing and handicrafts. The truth is you do not have to have any skill in sewing ...
Building a Model Car From Scratch (Popularity: ): Get the Car You WantNow, to those of you who are like this, I tip my hat to you. I have patience, don't get me wrong, but I'm no saint. And to me, this is what it takes to master the art of making your own model car from scratch. I got annoyed at times with just putting the kits together. But do you want to make that car you ...
Melt and Pour Soap Making - The Easy Soap Making Method (Popularity: ): When I go about creating something and I find out that there is an easy way and a hard way, odds are I'm going to take the easy route. It's not because I'm lazy or something but it's because time is hard to come by and so if there's a quicker route, count me in. Take me and my love for making soaps. I love to have homemade soap but ...
Home Made Scented Easter Eggs - For Fun! (Popularity: ): Here's a fun project to do with the kids or grand kids or just with yourself!You can make homemade Easter Eggs that are sprinkled with your essential oils. These are fun and healthy to play with and make a great decoration!Instructions:--Mix 1 cup flour, 1/4 cup salt, 2 tablespoons cream of tarter, 1 tablespoon oil, and 1 cup water in a medium-sized pot until well blended.--Cook the mixture in the ...

Related Business 
Coin Sorter (Popularity: ): A site dedicated to finding the best coin sorting and money counting devices on the internet. Are you fed up with all those pesky coins lying around, filling up jars and draws? If so, why not invest in a cheap and simple coin sorter and get your life in order.
Coin Holders, Coin Supply Zone (Popularity: ): We specialize in coin collecting supplies, and we stock almost every type of coin holder, folder, album, and book any collector will need. Featuring a line of over 1300 coin and currency supplies, we are sure to have what you are looking for.
Collectible Coins (Popularity: ): Coin collectors guide & numismatic directory. Read coin collecting articles & tips, find coin collecting links and numismatic free ads. Articles & tips for new coin collectors about the basics of numismatics, coin collecting hobby for kids & beginners : topics like coin collecting history, what is a coin collector? cleaning & maintenance of old coins, learn terms like error coins, dropship coins, coin toning, what are the coin collecting ...
Brent-Krueger Group (Popularity: ): Featuring coin albums, coin holders, coin folders, coin publications and collector coins.
US Rare Coin Investments (Popularity: ): A high end rare coin dealer and personal representative to coin collectors, and investors in the rare coin and precious metals markets.
Annapolis Treasure Company (Popularity: ): An online store that specializes in Coin necklaces, coin products, coin sets, and nautical gifts.
US Coin Supply (Popularity: ): Complete line of coin supplies and coin books.
Flags Connections - Coin Display Rack (Popularity: ): Challenge COIN DISPLAY STANDS - Coin Display Rack. American Flag 3ft x 5ft -the most durable American flag on the market !!! American Flag 3ft x 5ft Valley Forge Koralex II 2-Ply Sewn Polyester.
Small Cents II. (Popularity: ): A full service coin dealer offering a coin store, a mail order division, internet sales, and a rare coin auction company. Specializing in US coins.
Ohio Coin Expo (Popularity: ): Coin shows and coin auctions