We are now a week until the opening of the World’s Fair of Money. It has been a long time since I attended the World’s Fair of Money. After starting a business that finally hit its stride, the pandemic changed everything.
It is 2022, and while the pandemic is still with us, vaccinations and testing have given us a sense of personal security, allowing the world to return to some semblance of “normal.” I hit my version of post-pandemic normal, and it’s time to add the World’s Fair of Money as part of my normal life.
You can find coins online. Aside from the many online auction sites, I receive advertisements from dealers via email that intrigues me. And while many of the advertisers are dealers I can trust, there is something about searching and buying coins in person than online buying cannot duplicate.
Over the years, I have been evolving my collection. I sold off my collection of Barber coins because they are no longer interesting to me. I sold off my old Morgan dollar collection because the collection was not as nice as I wanted, and I did not want to spend the time and money to upgrade the coins.
It might be time to revive my search for the finest Bicentennial collection. Although my Bicentennial is my only graded coin collection, there is something about the set I find intriguing. I could be in the market for an upgrade for some of my coins.
Then there’s my New York collection. What can I find that represents my hometown? Better still, what can I find from Brooklyn?
I cannot forget the books. As a collector also interested in history, I have been reading old books to learn the contemporary history behind coins, medals, tokens, and other numismatics. Like general history, the stories lose their details over time, and we lose the nuance of history that went into the decisions. The old books document history in a way that gets lost over time.
What else is available? I found the Somalia motorcycle coins many years ago at a World’s Fair of Money. Although I found my first GSA Blue Pack Peace Dollar at a National Money Show, I found several more at a World’s Fair of Money with different dates. Can I find something that I can say, “Oh… neat! Cool!”
If you register early, the ANA will mail your registration information so that you do not have to wait in long queues to register at the show. You can also purchase the convention medal, convention bar for those who collect the bars from each WFM they attend, and holders for those starting a new collection.
With life turning back towards normal, this show should have more opportunities to learn, see, and buy than last year. Although I did not attend last year’s WFM, the fact that the number of bourse tables available has returned to previous levels suggests that it has a making of an exciting experience.
There continues to be a problem with COVID, but not to the levels of the past. Some will be wearing masks, including me. Please be respectful of the mask wearers, and we can show that the numismatic community cares about each other and is supportive and friendly to everyone.
I am getting ready to open the next chapter of my life, and I was thinking about how I can leverage my knowledge and experience to enhance the collecting community. As an experienced collector of all types and a dealer in areas other than numismatics, I learned a lot about collectors and their habits that could benefit a general audience.
As I was thinking about sharing my experiences, I wondered where most people learned about their collectibles. But the resources I had are different than those available today. Even the way we take in and understand knowledge is different. I thought it would be interesting to ask the numismatic community how they learn about collecting.
In the past two weeks, the U.S. Mint announced the presale of the Negro Leagues Baseball Commemorative Coin program. The program is a belated celebration of the centennial of the Negro Leagues, with the proceeds paid to the Negro Leagues Baseball Museum in Kansas City.
They also announced that they began to ship the first coins in the American Women Quarters Program. The first quarter honors Maya Angelou. Angelou was a writer, performer, and social activist who rose to prominence by the publishing of her autobiography I Know Why the Caged Bird Sings in 1969.
These releases are only the beginning. The U.S. Mint will be releasing four additional quarters, American Innovation Dollars, American Eagle coins, the National Purple Heart Hall of Honor Commemorative Coins, and others. Do not forget about the continuing of the Morgan and Peace Dollar programs.
With all of the new releases available, I ask…
What 2022 US Mint coins are you going to add to your collection?
Morgan and/or Peace Dollars (23%, 23 Votes)
American Eagle Coins (21%, 21 Votes)
National Purple Heart Hall of Honor Commemorative Coin (12%, 12 Votes)
After I posted the news that the U.S. Mint will continue the Morgan and Peace dollar programs, I watched the reaction.
If I only read the reaction from social media, you would think that the U.S. Mint was proposing to devalue every collection and that they were about to do the worst thing since striking the Susan B. Anthony dollars.
According to my Inbox, 39 people were excited. Three were not in favor but less negative than those on social media. Six people said that they were indifferent to the program.
What do you think?
Should the U.S. Mint Continue to Strike Morgan and Peace Dollars
Yes, I love them. (69%, 86 Votes)
NO! (insert your reason here) (14%, 18 Votes)
Ok, but I probably won't buy them (9%, 11 Votes)
I don't know... maybe. I mean if people really want to buy them... (8%, 10 Votes)
In my day job working within the collecting world, there are two hobbies whose collectors have arguments about which way is best. Comics collectors argue whose universe is better. Most of these arguments are Marvel versus DC comics, but there are interested collectors in the smaller and independent (indy) publishers. But you can go to a Comicon and find that the differences are all in fun.
U.S. numismatics collectors are different. On one side, there are the collectors of old coins. If the coin was not circulated and made of precious metals, then it is not worth collecting. They look at modern coins as “trinkets” or not worth their time. The rest of us will happily collect modern (post-1964) coins and the new issues by the U.S. Mint.
As an aside, my company sells sets of 50 State Quarters for higher prices than in 2019. Although there is an active market for this material, they sell for less than collectors paid in the 2000s.
Enough people are collecting modern material that the Treasury Inspector General has noticed the problems collectors have experienced with ordering from the U.S. Mint. Modern products are selling out as fast as they are offered, and premiums are rising 100-percent and higher on the secondary market.
For this poll, I am asking if you are collecting the coins produced by the U.S. Mint in 2021, then what are you collecting?
As always, your comments are welcome!
Are you collecting the new releases from the U.S. Mint?
I am collecting the 2021 Peace Dollar (20%, 34 Votes)
I am collecting the new Morgan Dollars (19%, 32 Votes)
I am an American Eagle Collector (19%, 31 Votes)
I always check my pockets for what comes in my pocket change (15%, 25 Votes)
I cannot wait for the proof or mint sets to get here (10%, 16 Votes)
Yes, I am collecting everything! (6%, 10 Votes)
Those commemoratives are a great addition to my collection (5%, 8 Votes)
Those new silver medals look cool as part of my collection (3%, 5 Votes)
No, modern stuff doesn't interest me! (3%, 5 Votes)
Total Voters: 65
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Earlier this month, the ANA announced that the World’s Fair of Money will be held as scheduled. As part of the announcement, the ANA said that the show would be limited to 300 dealer tables to configured the bourse floor to allow for social distancing. Those attending the show will be asked to maintain social distancing, and masks will be required.
There are no indications as to whether there will be capacity or other limits. Other questions include how are they handling exhibits, room configuration for meetings and talks, and seating for the auctions? How will the banquet be handled?
I am not questioning the ANA’s commitment to health and safety. But I have personal concerns there. There are members with age-related health issues that have to consider their situation before attending. It would be nice if the ANA were more forthcoming about how the World’s Fair of Money will operate.
As we know of the situation today…
Are you attending the World's Fair of Money in August?
No. Either I cannot go or I am worried in the current environment. (42%, 10 Votes)
Yes! I am or will be making reservations. (29%, 7 Votes)
Maybe, depending on my situation (17%, 4 Votes)
Maybe if I can understand the ANA's safety precautions. (13%, 3 Votes)
Yes, but I reserve the right to change my mind. (0%, 0 Votes)
Over the weekend, I received the report telling me how many people downloaded my new e-book Coin Collector’s Handbook: American Eagle Coins. Thank you to everyone who purchased a copy! If you have not purchased your copy, you can do so today. For $9, the e-book is a description of the American Eagle Program from its inception in 1986 through 2019 without the fluff.
Did you know that the book described all of the special issue American Eagle coins, including anniversary and partnered series like the Legacies of Freedom set? There are mintage figures for every coin and set in the book. I plan to update the book annually, including updated mintage figures and new designs.
Now, it is time to move on to another guide.
The Guides are designed for the collector to add to your collecting experience. They provide essential information that every collector wants to know without a lot of extra details.
I started with the American Eagle coins because it generates the most interest on the bog. For the next guide, I have taken a few of the topics of interest, sorted the list, and will ask you, the readers, what you would like to see next.
A Field Guide to Detecting Counterfeits and Scams will be written for the everyday collector to understand how they can protect themselves. The Guide will explain how to look at the coin and pictures of coins at the strike, understand why you should understand precisely how a coin is to look, and what to do if you buy a counterfeit coin. This Guide will also look at the over-promising sales pitches some companies use, especially on television, that causes people to overpay.
Guide to Modern U.S. Circulating Commemorative Coins will look at each of the changing coins produced since 1999. It will cover every coin from the 50 State Quarters Program through Innovation Dollar with descriptions, design, mintage figures, and more. The book will include other related collectibles produced by the U.S. Mint, including coin covers and the 50 State Quarters Bears.
Guide to Defining Your Own Collection has been a popular question since I posted a redefinition of the Lincoln Cent Type Set. Since asked from creating different type sets, there were other ideas based on different themes. How about a collection of American buffalos or bison? Birth year sets are common, but what about collecting world coins from every year of your birth? Over the years, I have collected many different ideas for creating more than coin collections.
Guide to Modern Dollar Coins beings with the Eisenhower Dollars, the last series of large dollar coins, and continues to the Native American and Innovation dollar coins. In between, there are a lot of stories, controversies, composition changes, and presidents. Although the coins are easy to collect, this guide will add to your appreciation of these coins.
Something else tells me that you are interested in another topic. It does not have to be something that fits into a narrow topic. Most collectors have a broad interest that cannot be classified into a neat topic. I am willing to explore something out of the ordinary.
Since Sunday was a holiday, today is really the first full day of National Coin Week and the Great American Coin Hunt. As you go to work and buy your morning coffee, breakfast, lunch, or anything else during the day, check the change you receive. There could be a surprise.
While shipping several packages of Red Books to customers, I was thinking about the number of people who buy these and other guides. With the state of the industry changing from an IRL (in real life) experience to one more online, I wonder how many people are still using printed guides.
As I thought about doing this as a poll, I started gathering some of the resources that could be considered. That is when I realized that on my overflowing bookshelf I have many of these publications! I never thought I had an extensive numismatic library but the numismatic books outnumber my tech books. Now that I am retired from the tech industry, it might be time to let the tech books go, especially the out of date books.
This list serves two purposes. One is to list the general resources for numismatic pricing of mainly coins and currency. The other purpose is to provide a list of resources that others can use to build their own library. It also will serve as the categories I will use for the poll, below.
Here are is a list of pricing references that I either own or found online:
NOTE: The links for all the books (except the Lighthouse Euro Catalog) leads to Abe Books. They are affiliate links. If you buy from Abe Books I make a few cents on the sale. Whatever affiliate money I earn from Abe Books is used to help pay the bills I receive for the blog including hosting and keeping the domain name registered. Of course you can buy your books from any source. However, using the affiliate link would be appreciated.