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Letters to the Editor (09/16/14)

Good ol’ days aren’t coming back

The 2015 North American Coins & Prices is the perfect all-in-one guide for the coin collector, dealer and enthusiast. Purchase your copy here!

The 2015 North American Coins & Prices is the perfect all-in-one guide for the coin collector, dealer and enthusiast.
Purchase your copy here!

Regarding the letter from the reader bemoaning the loss of 8-ounce yogurt containers and metal caps on mayonnaise jars, I extend my sympathies, but those things aren’t coming back even if you boycott what’s available now, and I’m still trying to figure out what those things have to do with coins.

As far as the absence of bank tellers go, I used to work for the second largest bank in the country, and banks have been phasing out tellers ever since ATM cards came out.  With current technology, there is nothing you can do with a teller that you can’t do on your own without a teller.

Whenever someone longs for the good old days, I have to ask them to pretend you were the owner of a business.  Would you continue to incur unnecessary labor expenses for no other reason that nostalgia? I miss elevator operators, but they aren’t coming back any time soon either.

Peter Glassman
Schaumburg, Ill.

Kennedy gold coin has incuse ‘0’ under lips

I received three gold Kennedy half dollars Aug. 20 from the U.S. Mint. They were delivered second day air. I guess if you spend $3720 they upgrade delivery.

I ordered these opening day from the floor of the ANA show in Chicago, at approximately 1 p.m. Overall I’m pleased with the product. The natural mahogany wood case accents the coin nicely. Richer looking than the blue lacquered cases recently supplied with other Mint anniversary products.

The coins all look to be high grade MS-69 to MS-70. Upon close inspection I noticed an oddity on one coin. This particular coin has a micro incuse “0” nestled right under Kennedy’s lips on the obverse. The mark looks to be too perfect to be a contact mark and I’m wondering if it is a die error? None of the other two coins have this mark making it unique. Is this a one of a kind, I’d like to hear what other owners find in their packages. I have decent pictures of the mark if needed.

Scott H. Phelps
Address withheld

Internet is having impact on coin shows

I understand that attendance at the Chicago ANA show was down and some dealers are losing money at the shows and now dropping out. This is following a national trend and Internet sales are increasing.

In the future, we need more “Paul Greens” to educate us on coins and currency. Coin magazines are going digital. A lot of coin dealers are in the pre-Internet era and will disappear from the scene unless they “catch up.”

John R Blair
Palm Beach Numismatics
Palm Beach, Fla.

Buy the book, take the class to upgrade skills

In your “Best of Buzz” in NN Aug. 12, I agree with your suggestion to buy The Official ANA Grading Standards for United States Coins. Even better would be for the person to take ANA’s coin grading course.  I did that in 2001 and found coin collecting much more interesting since then.

When I upgrade my coin grading book for my library, I put the other one in the car to take to coffee in case a question comes up, because there is a lot more information in those books than just grading.

Tim Coltrin
Glendale Hts., Ill.

Kennedy gold coin sales just capitalism at work

That was a pretty low thing some of the larger coin dealers did at the Chicago ANA.  I know a lot of people who are very angry with them, but I’m not.

We all had the same opportunities to hire “line standers,” but chose instead to sleep late and get in line when we could.  Capitalism was on display big time at the ANA and I cannot blame the dealers, the Mint, the ANA or the grading services for what happened.

What would have soothed our feelings more would have been for the ANA to give out tickets to the remaining 400 or so true collectors still in line on the first day of the Kennedy release so we could all have gotten one the next day.

It seems like the hobby in particular took a hit for the profits the dealers plan to make out of the gold Kennedys.  Collecting labels instead of coins may be the future of the hobby with true collectors kicked to the back of the line. No wonder all the coin club meetings I go to are saturated with mostly old males.

I guess what I’m saying is that you should make money while the sun shines, no matter the consequences. I just hope the hobby survives and everyone can live with a clear conscience.

O. T. Thompson
Address withheld

Flawless gold Kennedy half arrives

I received my gold Kennedy coin today.  It is beautiful and both obverse and reverse are flawless. I ordered the coin online on the first day, Aug. 5. I went online at 10:58 a.m. CST and placed the order at 11:21 a.m. CST. The website transaction was smooth and problem free.

On the negative side, the shipping box was caved in on one end and there was not much packaging protection. I am fortunate that the blue Mint box was not damaged. Finally, the markup on the coin is a bit too high.

Mike Flynn
Oak Forest, Ill.

Three gold Kennedy halves sent in for grading

Just wanted to let you know that I received my three gold Kennedys on Aug. 19. I re-wrapped them and sent them off to NGC. I ordered by phone approximately 50 minutes after the opening bell. Wish me luck.

I hope my fellow readers receive their coins in time for grading. NGC told me that all early release submissions must be received no later than Sept. 12. Good luck to all.

Bill Rodgers
Dallas-Fort Worth, Texas

Julian wrote great article on birth of U.S. coinage

I was very pleasantly surprised reading R.W. Julian’s article in the Aug. 5 edition of NN regarding “British copper fueled cent coinage.”

Lots of good, basic and important information regarding the birth of the coinage of the new United States. Nothing exists in a vacuum; coinage most certainly isn’t an isolated medium.  The coinage of pre-federal and later, federal coinage, has it’s roots very deeply planted in the Old World.

Super article, thank you Mr. Julian.

Larry Gaye
Beaverton, Ore.

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