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randy3374-migration

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Journal Entries posted by randy3374-migration

  1. randy3374-migration
    Informative article I googled this morning ...
    HokieHiGuyGood day and yes, I'm a Hokie (Virginia Tech). The last week has been great reading of all journals posted.There is quite a variety of personalities involved that affords us all fresh perspectives of our common love - collecting coins.I can't help but compare the UHR exceitement to that of the baseball card industry and its "rare inserts". To be exact,"buy a box of Fleer and hope to get a Frank Thomas Elite....buy a UHR and hope to get a 70 !!!. I have 1950's and 1960's baseball cards. The ole Yankees suchas Moose Skowron, Bobby Richardson, Clete Boyer to name a few.I also must admit I have complete sets of 1989-1998 Upper Deck.(A 1989 Upper Deck Set is equivalent to a 1986 Silver Eagle I suppose if you were to compare the two hobbies.Back to the Lincoln cents.... It is exciting. I will increase my collection of wheats, but I can't wait to get the new issues and hustle them off to NGC. For all to see I found the following information on the net this morning. Please noticethe comments of the composition of the issues.The new one-cent reverse designs will be issued at approximately three-month intervals throughout 2009. The Secretary of the Treasury approved the designs for the coins after consultation with the Abraham Lincoln Bicentennial Commission and the Commission of Fine Arts, and after review by the Citizens Coinage Advisory Committee. Reverse inscriptions will continue to include "United States of America," "E Pluribus Unum" and "One Cent." And the four 2009 Abraham Lincoln one-cent coins will maintain the same metal content (2.5% copper, balance zinc) and other specifications as the current one-cent coin. These coins will be issued for circulation in quantities to meet the demands of commerce. In addition, the Secretary of the Treasury shall mint and issue numismatic one-cent coins in 2009 with the exact metallic content as contained in the 1909 one-cent coin (95% copper, 5% tin and zinc). These numismatic versions will be included in the United States Mint?s annual product offerings. Best to all.... HokieHiGuy
  2. randy3374-migration
    MS70 2009 Lincoln Commemorative is looking good !!!
    Well, the "year of Lincoln" has certainly caught my attention.
    I just saw tonight on the Coin News website that the mint has
    sold its allocation for the uncirculated Lincoln Commemorative.
    Orders can still be placed on a waiting list and will only be
    filled in the event of cancellations of existing orders.
    It would follow that this coin should escalate in price on the
    popular auction sites and far exceed the proof. For those of you interested, as I write this I am looking at several Ebay listings, most by dealers, with a buy or best offer at 40 to
    45 bucks per coin. That is sure to change in the near future.
    Anyway, hope this gives a heads up to those who are interested.
    Good night from Atlanta
  3. randy3374-migration
    Having read the past weeks journals, one might assemble
    the following items as a starter collectors kit....1 A US Mint Gold Amercian Express Card (100K limit)2 An external backup hard drive for the computer to hold all the backorder notifications from the mint.3 An Elite membership to NGC, the best grading company of all. (The new collector would get 5 free submissions in case the mint ever sent them some coins)4 Some 2 X 2's to ship any raw coins 5 A box of Kleenex for the return of the raw coins (our lessons are learned, aren't they?)6 And I guess from reading the latest journals, our new collector should get a safe, a fire extinguisher, a gun, some pvc pipe and appropriate end caps, a safety deposit box at a nice bank, a big dog, and an insurance policy. Oh, I forgot, a sign for their door.7 Last but not least, include for the new collector a roll of assorted wheat cents with few S mints and one 1909 vdb. Make the elusion that the roll has never been searched, provide a price guide for the wheats and leave the new collector to begin their adventure. There are many means to the ends of our collecting, but to me the most thrilling is the "hunt" I remeber those coins much more than most. And their value is not just in dollars .... they become part of us and our "collections".Hope this brought a chuckle to some and memories to all.Good night from Atlanta
  4. randy3374-migration
    Most Credit Unions, maybe none order from the
    Federal ReserveHere is the way I understand it from talking to tellers all the way up to the Federal Reserve.Credit Unions and smaller banks are not set up to replenish theircoin supply with the Federal Reserve. They recycle the supply.With today's economy, they have more coming in than going out so the next step is to go to a bank that does order from the Reserve.Bank of America and Wachovia both order from the Fed. Here in Atlanta I have had both order a new supply of pennies and bothgot Lincoln Memorial. So I googled the Federal Reserve (you can do that and find the branch nearest you and a phone number).I called and talked to a very nice gentleman that explained to me that until the revolving supply of pennies began to dwindle, the Mint would not ship out the new Lincolns, even to the branches of the Fed. Atlanta as of today does not have its first shipment of the new Lincolns.Bottom line is its not your bank or Credit Unions "fault" thatthey do not have the new Lincoln cents. And if your branch of the Fed doesn't have them, even the big banks cannot get them.This all being said, who has any thoughts as to how to collect these new issues? Will the Mint rolls (already sold out) be the item? Should we break out a roll and have some graded? And I would imagine the mintage numbers will come into play. I am perplexed that the mint 1) limited the 2 roll set to 5 per household and 2) they are already sold out. NGC doesn't certify rolls, PCGS does. I wonder if thats the way to go? Anyway, the above is how I understand the scarcity of the newLincolns and if anyone has input as to a "direction of collection" I would appreciate hearing from you.Good day from Atlanta
  5. randy3374-migration
    I am curious about what I have read ....
    Hi to all,
    This past Christmas, my son gave me a really good book. I have
    read it front to back and referenced it several times. The name
    of the book is "HISTORY OF THE UNITED STATES MINT AND ITS
    COINAGE" by David W. Lange. I believe he bought it at Borders.
    I have collected Lincoln cents from the time I was six years old.
    A 1909 is of course the one penney that you always turn over and
    look to see if it has the VDB initials and if so, you smile with
    great satisfaction. But how about a 1918 Lincoln wheat?
    This book states that Brenners' initials VDB again appeared in 1918 on the cent. I quote from page 147 of this book (in case you have it or get it) "Though his initials reappeared without
    fanfare in 1918, their new placement at the truncation of Lincolns bust is such that only coin collectors are aware of them."
    Well, how about that? So I pull out my stash of wheats as well
    as my organized collection and search every 1918 Lincoln cent that I can get my hands on. No luck here. So, I don't get it.
    I am of course very interested in any help I could get from any
    of you that could enlighten me on this. Is the book wrong?
    Have I read it wrong? I feel like an insufficiently_thoughtful_person asking, but I just
    want to know if it is true or not that the VDB did in fact
    reappear and if so, I would love to see one.
    Best to all from rainy Atlanta
  6. randy3374-migration
    Check out Coin News website
    Good evening fellow members,
    I just finished reading about the US Mint announcing suspension
    of further production of 2009 dimes and nickels.
     
    The figures are all published on Coin News website. I guess
    a visit to the local banks may be in order for the next few days
    to secure a few rolls just for the heck of it.
    Here is some of the news that I "cut and Paste" from the article:
    This is the news by Mike Unser / Coin News for Collectors:
    US Mint Halts 2009 Nickels and Dimes Production
    By Mike Unser on Apr 29th, 2009 in Coin Production Figures, Coin or Numismatic News, United States Mint News and Information | 4 Comments:
    The United States Mint has halted production of circulating 2009 Jefferson nickels and 2009 Roosevelt dimes for the rest of this year, according to the latest issue of Coin World. As the dime and nickel production graphs show, the stoppage creates historic, staggering low mintages for the two coins ? levels not seen since the 50s.
    Coin Word?s Paul Gilkes reports the US Mint made the announcement on April 23, and included details of a scale back in producing for other circulating coins, like the three remaining 2009 Lincoln Pennies.
    Hope this is of some interest to the membership.
    Happy collecting and good night from Atlanta
  7. randy3374-migration
    I need your help....
    Hi fellow collectors,
    I would sincerely appreciate your help in selecting 3
    coin collecting books that my children could get me for
    Father's Day.
    I have the US Coin Digest Redbook and also History of the US
    Mint.
    I know I want a book on Hard Time and Civil War tokens.... is it Fuld? Also I would be interested in Colonial Coinage.
    I also want the best book I can get on Early Bust dollars, halves and quarters.
    I have 3 kids "out of the nest" and on their own so I fully intend on asking for very good publications. (They can afford
    it).... and hey, I'm worth it. (Aren't we all???)
    Any help you can give me to compile my list would be super.
    Hope you all are having a good beginning to Summer.
    Happy and prosperous collectiong to all. Thanks in advance.