I was just wondering how many capped bust collectors are affected by the so called economic down turn in the coin market. Do you see this time as a chance to build on your collection, or to cut back? For me, I have started a collection of raw capped bust dimes, instead of buying the more pricey third-party-graded coins. Any thoughts on the subject would be appreciated.
The economic downturn hasn't affected my income (pension), but I think it has affected the willingness of people to sell outright to a dealer or consign to an auction. People who own nice coins do not feel like they will achieve satisfactory prices, so I think they are just holding on to their nice coins until the economy and prices pick up. So I would like to buy at current prices, but there's just not enough good stuff out there to buy!
ReplyDeleteI'm getting by with a little less income now but i'm still buying coins. I'm just purchasing lower priced stuff for an alternate collection. You didn't mention the grade you seek. I prefer raw coins, but I only aspire to get VF grades (and I can't even afford those older than 1828)In my mind, raw coins possess a "warmth" that I don't get from slabs.
ReplyDeleteAnonymous, I am collecting them in VF grades also. I am trying to complete the collection from coins I purchase in person at shows. For me this makes it more enjoyable, and challenging to complete a redbook or die variety set. I am just going to have fun with it and see how it turns out.
ReplyDeleteMistercoinman, Thanks for the reponse. I didn't know if I would be allowed to post on this site as I'm not a member of JRCS. I do belong to around 8 different clubs and can't afford the time or dues to join any more at this time. We seem to share collecting preferences. I came to this site to try to acertain the dates of 2 capped bust dimes I have. I will describe one here (I'll save the other for another time)The date is either 1827 or 1837. The coin is worn to FAIR cond. and only the 7 at the end of date shows, and only if you rotate the coin just right in a good light. I understand that around 1829 the mint started using a collar for the edge. Do I just hold a modern dime against it, to check the diamater? I don't see any reeding, but the coin is so worn. Any advice would be appreaciated. P.S. Steve is my name
ReplyDeleteSteve, can you post pictures of your coin? It might help.
ReplyDeleteI have continued to pursue Capped Bust Halves as usual. I have always set aside a 'coin budget' throughout the year and although admittedly a bit smaller this past year, I have been able to continue buying. Holding out for quality pieces can also help build a little bit more in the budget. However, I sometimes find it difficult to hold off buying a mid-range coin when it is available and I have the money.
ReplyDeleteOn another subject that I think may be of importance to JRCS members: I have noticed in the latest issue of Penny-Wise, the official EAC magazine, that there is an article concerning the upcoming EAC convention in 2010. In it there is mention of some of the events to take place including the thursday 'happenings' in which JRCS has participated the past couple of years. However, JRCS was omitted from mention in this article. Perhaps we were inadvertantly forgotten, but it made me wonder if we are in fact participating in the convention in 2010?? Perhaps Brad Karoleff could address this??
Hi, this is Steve. This is the 4th time I'm trying to respond to your kind interest in assisting me to date a dime I have.
ReplyDeleteI tried to set up a name to post under, but I was unsuccessful. I made the effort primarily because another person using "anonymous" posted about bust halves and I didn't want to cause confusion. I also tried to post a picture of the coin, but the computer wouldn't allow that either.
I will try to post this letter again under anonymous and hope it works.
I first want to explain that this dime is a love token that is part of my "alternate collection".
Since I can't afford to buy the "big" coins I need, I have been working on a set of dimes that have been engraved into love tokens, by date. I'm shooting for all dates from 1820 through 1920. This coin was purchased on e-bay because I was able to clearly see the last 7 in the date. I need both the 1827 and 1837. I just wish to know which this is.
If someone can tell me how to upload the picture, or an alternate way of identifying the date, I would be greatfull. Thanks, Steve
If you want a picture posted, send it to me at jrnewsletter@gmail.com and I will give it a shot.
ReplyDeleteGoogle uses "anonymous" for all people that choose not to post using a google profile.
Thanks Mr. Editor, I will e mail you that picture now-Steve
ReplyDeleteI posted the pics in the opening paragraph.
ReplyDeleteThe pictures look great! Thanks.
ReplyDeleteHow this ties in with your original query is; the recession has me avoiding expensive coins and trying instead to finish a collection I started around 20 years ago. Love tokens are cheap compared with their brethren unmolested coins. This set, when finished, will contain at least 104 coins. (I'm including both 1837'S, both 1916'S, 1873 with & without arrows). I'm more than 3/4 done.
I hope I can fianally acertain the date of this example through this posting.
Thanks again, Steve
The economy has somewhat lowered my income but I continue to add bust dimes and some bust halves to my collection. I view them as a low cost alternative investment to the stock market.I started collecting bust dimes in Fine to XF grades first as a date set, then red book varieties, then Breen varities and now as a Bust Nut, all varities. If you are serious about building a variety collection suscribe to the JRJournal and order Vol.17/Issue 2 Aug.2006 for Bill Luebke's article on 'Build a Variety Collection on a Budget'. And re-read it several times.
ReplyDeleteI am seeing higher grade material appear in auctions, particularily on eBay. Seems only a few bust dimes in nice fine or better used to appear. This year seeing more all the way to AU and some MS grades.
Steve, I don't know if anyone has answered your question but I will give t a shot. The coin does not allow for much evidence of it's prior existance but I believe it's the 1827 coin. The only real evidence is the denticles on the rear of the coin and the spacing. The obverse profile is to worn to attribute, but just from the rear denticles I think it's a 27. Anyone with an opposing view please chime in.
ReplyDeleteFred, Thanks for the shot. I took the coin to a club meeting (Long Island Coin Club) and we stacked it onto bust dimes pre and post 1828. The consensus was 1827 too. I now have enough confidence to place it into that 1827 hole. I still need an 1837 bust dime love token. (I have an 1837 Lib. Seated, no stars love token)
ReplyDeleteI have another bust dime love token that I would like to try and date. This one is smoothed and flattened on the obverse. The only saving grace is that the reverse still has all the details of an AU coin. I don't know if any reverse is applicable to only one date, but if any exist it might be worth a shot. Fred, what do you think?
Thanks again, Steve
HAPPY NEW YEAR EVERYBODY!!!!!!!!!
ReplyDeletefrom Steve (the guy with the undated love tokens)
Hi Steve
ReplyDeleteI find you everywhere.
Jim Grim