Category Archives: eLetters

Coins for Budget-Minded Collectors

from the Sept. 18 Numismatic News E-Newsletter
What coins do you think make good bargains for the budget-minded collector?
Here are some answers sent from our e-newsletter readers.
 
Two come to mind right off the bat: the 1996 mint set with the 50-year anniversary Roosevelt dime in it from West Point and the March of Dimes three-piece set with a low mintage

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Activities and Projects During COVID

From the Aug. 14 Numismatic News e-newsletter
What non-collecting activities or projects have you taken up in light of hobby events being canceled?
Here are some responses from e-newsletter readers.
 
Without coin shows for these past several months, I have had a lot of time to read books and coin magazines (especially Numismatic News), and tend to my garden

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Buying and Selling Gold Bullion Coins

From the Aug. 7 Numismatic News e-Newsletter
Have you bought or sold gold bullion coins during this modern-day “gold rush?” Why or why not?
Here are some answers sent from our e-newsletter readers.
 
No

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Community Voice Response: Aug. 25, 2020

From the July 31 Numismatic News e-Newsletter.
What’s your level of trust in gold’s record-high performance?
Here are some answers sent from our e-newsletter readers.
 
I’m confident gold will hit $2,500

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Community Voice Response: Aug. 11, 2020

from the July 17, Numismatic News E-NewsLetter
Have you come across counterfeits or suspected fakes during your time in the hobby? If so, what have you seen?
Here are some answers sent from our e-newsletter readers.
 
I’ve gotten a few fake ancients at different times, one even fooled two high-ranking dealers/collectors. Thankfully I got refunds on them all

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Community Voice Response: Aug. 4, 2020

From the July 10, Numismatic News E-NewsLetter
How has the COVID-19 pandemic changed the way you collect coins?
Here are some answers sent from our e-newsletter readers.
 
I have changed nothing due to COVID.
Brian Schneider
via Facebook
 
Now that all of the coin shows and conventions are canceled, I am saving a lot of money

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Community Voice Response: July 10, 2020

From the July 3, Numismatic News E-NewsLetter
Do you purchase coin lots when adding to your collection? Why or why not?
Here are some answers sent from our e-newsletter readers.
 
I have searched for and bought coin lots locally for many years. Putting ads in local papers and being able to buy coins and compete “collections” has helped me build the majority of my collection

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Community Voice Response: July 14, 2020

From the June 19, Numismatic News E-NewsLetter
Do you think it’s a good idea for the ANA to relocate the 2020 World’s Fair of Money to another state?
Here are some answers sent from our e-newsletter readers.
 
Yes, they should move it if they can have a show this year.
Lee Quast
High Ridge, Mo

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Community Voice Response: June 30, 2020

From the June 4 Numismatic News e-Newsletter
What type of content would you like to see in Numismatic News that isn’t currently included?
Here are some answers sent from our e-newsletter readers.
 
I would like to see a regular feature about building a typeset on a budget.   Maybe regularly pick a coin and see what can be purchased for $200-$300

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Community Voice Response: June 23, 2020

From the May 29, 2020, Numismatic News E-NewsLetter
How big of a role do auction results play in your collecting approach?
Here are some answers sent in from our E-Newsletter readers.
 
Auction results play some part in my collecting decisions; if I had to place this on a percentage basis, I’d say that auctions represent at least 20 percent, taking into consideration other factors that may/may not impact collecting decisions.
Ron Tartarella
Plano, Texas
 
None at all

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Community Voice Response: June 9, 2020

From the May 15, 2020, Numismatic News E-NewsLetter
What are you doing to help encourage the next generation to take up coin collecting?
Here are some answers sent in from our E-Newsletter readers.
 
I am offering thousands of coins on the internet, scientifically described and not slabbed, to let new collectors get the emotional feeling which can’t be experienced in a plastic environment.
Dr

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Community Voice Response: June 2, 2020

From the May 8, 2020, Numismatic News E-NewsLetter
Are you exploring a new collecting avenue during COVID or focusing on your current collection?
Here are some answers sent in from our E-Newsletter readers.
 
Staying with my existing collection, organizing, documenting coins, and at the same time taking a break.
Name and Address Withheld
 
I am exploring a new avenue

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Community Voice Response: May 12, 2020

From the April 17, 2020, Numismatic News E-NewsLetter
How do you think the landscape of the hobby will look once the pandemic is over and the market settles down?
Here are some answers sent in from our E-Newsletter readers.
 
Primary sales will be online and auctions. Face-to-face purchases will be reduced considerably

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Community Voice Response: May 5, 2020

From the April 10, 2020, Numismatic News E-NewsLetter
Do you think the “W” quarters with privy marks are a good way for the Mint to mark the 75th anniversary of the end of World War II? Why or why not?
Here are some answers sent in from our E-Newsletter readers.
 
It is a great idea as long as this is not to make it easier for the Mint-contracted coin dealers to more readily identify the 2020-W quarters because they let some slip through to consumers and collectors in 2019.
Metro East Coin & Currency Club
via Facebook
 
It seems that such a world-changing event should have at least earned the entire reverse of a coin, not just a privy mark

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Community Voice Response: April 28, 2020

From the April 3, 2020, Numismatic News E-NewsLetter
How have your coin/bullion buying and selling habits changed in light of the coronavirus bearing down on the United States?
Here are some answers sent in from our E-Newsletter readers.
 
I have been trying to buy when I can in different amounts and types so I can just keep adding to my bullion totals. Nothing too aggressive just basic silver 1-ounce rounds, 90 percent silver and maybe the occasional 1/10-ounce gold Eagle

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Community Voice Response: March 27 eNewsletter

From the March 27, 2020, Numismatic News E-NewsLetter
Do you see opportunity or risk in the current declining spot metals prices?
Here are some answers sent in from our E-Newsletter readers.
 
Like other markets, it is for buying. Unfortunately, with reduced income, money goes to food and fuel

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Community Voice Response: Fri, March 13 eNewsletter

From the March 13, 2020, Numismatic News E-NewsLetter
How have the economic and travel impacts of the coronavirus affected your current collecting approach?
Here are some answers sent in from our E-Newsletter readers.
 
I will miss connecting with my fellow collectors. In the age of cocooning, the bourse is dynamic

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Community Voice Response: March 31, 2020

From the March 6, 2020, Numismatic News E-NewsLetter
What coin or coin series do you consider to be the most underrated?
Here are some answers sent in from our E-Newsletter readers.
 
Franklin half dollars.
Peter Gehrke
Address withheld
 
The large cent

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Community Voice Response: Feb. 28, 2020

From the Feb. 28, 2020, Numismatic News E-NewsLetter
We are less than a year away from the end of the Mint’s America the Beautiful quarters program. Are you still collecting them?
Here are some answers sent in from our E-Newsletter readers

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Community Voice Response: e-Newsletter Feb. 14

From the Feb. 14, 2020, Numismatic News E-NewsLetter
Are you concerned about the ever-increasing tax requirements that affect coin dealers? What impact do you think it will have on the hobby?
Here are some answers sent in from our E-Newsletter readers.
 
I used to be a part-time dealer for a few years; it wasn’t a business and I wasn’t in it for the money

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Community Voice Response: March 3, 2020

From the Feb. 7, 2020, Numismatic News E-NewsLetter
Have you come across any error coins in circulation or in an inherited collection? If so, what was it?
Here are some answers sent in from our E-Newsletter readers.
 
I’ve found a few “BIE” error coins,  a couple of RPMs, some strike-throughs, and a couple die breaks

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With Brexit now a certainty, will you be watching for Brexit commemorative coins to be issued?

From the Jan. 31, 2020 Numismatic News E-NewsLetter
With Brexit now a certainty, will you be watching for Brexit commemorative coins to be issued?
Here are some answers sent in from our E-Newsletter readers.
 
As an English numismatist for 60 years, but as a convinced European, I am deeply resentful that my hobby is being sullied by the official issue of a coin to mark such an unworthy event

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Community Voice Response: Jan. 1, 2020

From the Dec. 13 Numismatic News E-NewsLetter
What are your numismatic resolutions for the new year?
Here are some answers sent in from our E-Newsletter readers.
 
One of my numismatic resolutions is to do what I can to make sure coin collector’s concerns are represented and NOT deep-pocket businesses

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Community Voice Response: Dec. 24, 2019

From the Nov. 28 Numismatic News E-NewsLetter
Do you collect numismatic items marking the Chinese Lunar New Year? If so, what types of items do you collect?
Here are some answers sent in from our E-Newsletter readers.
 
 
I collect various Chinese Lunar coins depending on the occasion

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Community Voice Responses: Nov. 19, 2019

From the October 25 Numismatic News E-NewsLetter
How has your involvement with a club or organization enhanced your hobby experience?
Here are some answers sent in from our E-Newsletter readers
 
The smartest decision I made was to join the Charlotte Coin Club years ago. There’s a huge amount of knowledge among the members that they are always willing to share. Plus, there are always some good deals available for purchase

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Community Voice Responses: Nov. 5, 2019

From the October 4 Numismatic News E-NewsLetter
Is attracting speculators good or bad for the hobby?
Here are some answers sent in from our E-Newsletter readers
 
Some are good and some not so good. I’ve been collecting coins for a long time and like (some)other collectors, haven’t really thought much about grading if the coin looks good and it’s clean (not cleaned). I belong to several coin clubs & if I ask for some comments on grading, then I get lots of different comments

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Community Voice Responses: Oct. 15, 2019

From the September 19 Numismatic News E-Letter
The ANA is asking about the location for future World’s Fair of Money shows. What do you think? Stay in Chicago, continue rotating, or move somewhere else?
Here are some answers sent in from our E-Newsletter reader
 
I think it should move somewhere else.
Jay (Last name withheld)
Address Withheld
 
Keep it in Chicago

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Community Voice Responses: Oct. 8, 2019

From the September 13 Numismatic News E-Letter
Why do you think sales of the U.S. Mint’s American Legion 100th anniversary coins have not taken off as the Apollo 11 coins did?
Here are some answers sent in from our E-Newsletter reader
 
They are not doing as well because almost all modern commemoratives have lost 50-75% of their original purchase price

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If you had an unlimited budget, would you buy an 1879 Coiled Hair Stella or an 1894-S Barber dime?

From the August 29 Numismatic News E-Letter
If you had an unlimited budget, would you buy an 1879 Coiled Hair Stella or an 1894-S Barber dime?
Here are some answers sent in from our E-Newsletter readers
 
I would buy a decent selection of 19th-Century Italian gold.
Krzysztof Fordonski
via Facebook
 
The Stella.
John Veach
via Facebook
 
Both? The 1894-S dime certainly gets more notoriety, though

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Community Voice Responses: Sept. 17, 2019

From the August 23 Numismatic News E-Letter
Are Bitcoin and other cryptocurrencies a threat to the coin collecting hobby?
Here are some answers sent in from our E-Newsletter readers
 
No. The more people are satisfied with fake coins, the more real coins for me.
Mark Silverman
Chicago, Ill

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Community Voice Responses: Aug 27, 2019

From the August 2 Numismatic News E-Letter
Should the IRS be taxing Precious Metals IRA purchases?
Here are some answers sent in from our E-Newsletter readers.
 
Yes, tax the IRA bullion at time of purchase then eliminate tax at time of sale like the Roth IRA.    
Joe Gorak
Carlsbad, Calif

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Community Voice Responses: August 13, 2019

From the July 12 Numismatic News E-Letter
Has the inclusion of a 2019-W  Lincoln Cent in select Mint products influenced your buying decision this year?  Why or why not?
Here are some answers sent in from our E-Newsletter readers.
 
I had set plans to purchase each of the Mint’s Proof, Mint and Silver sets prior to the inclusion of the W-minted cents.  While I was not influenced personally, I did purchase an extra set of each for my younger brother and lifelong collecting partner

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Community Voice Responses: July 2, 2019

From the June 7 Numismatic News E-Letter
What rare coins will be popular in 100 years?
Here are some answers sent in from our E-Newsletter readers.
 
The Liberty of Thought  (aka Mercury) Silver Dime will always be a collector’s item as well as Walking Liberty Half Dollars. And any of the nineteenth century coins will demand collector interest, especially Bust type

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