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Letters to the Editor (May 16, 2017)

Letters0516

Karl Malden advertising American Express Travelers Cheques. (Image courtesy www.philly.com)

No luck cashing Travelers Cheques on vacation

Karl Malden actually admonished people not to leave home without American Express Travelers Cheques. A few years ago, I took a few leftover Travelers Cheques on vacation with me and could not get anyone to cash them. A few hotel clerks did not even know what they were. I think that credit cards, equally safer than cash and much more convenient and prolific – and with no cost to purchase – have made Travelers Cheques a thing of the past.

Peter Glassman
Schaumburg, Ill.

 

Estimate of $100 Liberty gold coin sales too high

Your [April 6 blog] estimate of 40,000 of these new Liberty $100 gold being sold is optimistic. I doubt that no more than 16,000 will be sold.

The headpiece stars are oversized and very gaudy, making this a less-than-desirable coin.

Rod Phelps
Address withheld

 

Will plastic in safe deposit boxes damage rolls?

Thanks to someone who sent me the recent March 28, 2017, digital issue. I’m a former subscriber of several years.

I read your column, “If avoiding loss is goal, choose gold.” In it, you mention “base metal.”

I guess all the rolls of America the Beautiful quarters I have pounded the pavement to collect are going to be worth only face value after all these years is what you are trying to say.

One thing I meant to ask long ago, which you might want to throw out to the readership, is how and where people store their coins? From my knowledge of other coin club members, the really sophisticated people store them in a home vault. I don’t think that would be safe (no pun intended) for me at home.

Some time ago I went all over looking at bank safe deposit boxes as my bank was taken over by a larger bank and doubled the fee. I was shocked to find that today many banks have individual plastic boxes, not metal, within their large safes. I was worried that long-term storage of my rolls would cause them to discolor. This might be happening as I visited the bank with plastic boxes when the fee was due just recently. All I can think of is to get some of that blue anti-tarnish cloth and wrap the rolls in them and face the fact that I have to trudge around looking for another metal box again. I was beginning to wonder if metal safe deposit boxes are even made today anymore.

If any of your readers have any knowledge if the plastic used in these modern safe deposit boxes will degrade the base metal, please let me know.

Unfortunately, I am hooked like a kid collecting baseball cards on collecting the latest quarters and can’t stop until they stop or I do depart.

Have the issues covered the price of the ATB rolls yet? I recall writing to you long ago about this, but the compiler I guess doesn’t think they are worthy collectibles.

Name withheld

Editor’s note: Thanks for writing. I appreciate your reaction to what I wrote.

If the purpose of your collecting is to do what interests you and to have fun doing it, there is nothing wrong with collecting uncirculated rolls of the many quarter designs that have been issued since 1999. If you are getting them for face value or close to it, you cannot really go wrong.

But as you know, there are some individuals in our hobby that measure their satisfaction only in terms of profit and often believe that they can buy something from the U.S. Mint and sell it for a profit later. My column was written simply to point out that not everything the Mint issues can be sold later at a profit and that the odds of a profit improve if you hold things for a long time and they are made of gold or silver.

No collector that I have ever met wants to lose money. However, no collector has ever a achieved a 100 percent track record of selling everything for more than he paid.

As far as whether your rolls are safe in plastic safe deposit boxes, I have no information. No one has written with an evaluation or experience one way or the other.

I will run your email as a letter to the editor to see what sort of information can be gathered from readers.

 

ANA’s National Money Show returns to Florida

Thank you, American Numismatic Association and Florida United Numismatists, for an outstanding 2017 National Money Show in Orlando, Fla.

The ANA National Money Show was held at the Orange County Convention Center in Orlando, Fla., March 9-11, and was hosted by the Florida United Numismatists. This was the third NMS held in Florida (2000, 2002 and 2017), which has also hosted three World Fairs of Money (1967, 1974 and 1992).

The show had close to 300 tables occupied by dealers, coin club tables, certification services and Wizard Coin Supply. We counted 170 dealers listed in the program and many had more than one table.

The collector exhibit area had many excellent displays for competition and invitational. The ANA Museum Showcase featured 100 rare Florida National Bank Notes from the 59 issuing towns. The notes are in the collection of William Youngerman, Inc. If you visit www.hometowncurrency.org, the entire collection can be seen along with a history of Florida and its NBNs. He also prepared a 32-page booklet, “Collecting Florida National Bank Notes, Premier Issue,” $10. You can check www.youngermans.com to find out if it is still available. Besides the Youngerman exhibit, many other items were on display in the museum showcase including parts of the Bebee collection.

After visitors registered, they received a free cloth bag and an advertising $3 note along with a pin promoting the convention.

A big thank-you to the following for their dedication and work for the success of this convention: ANA Executive Director Kim Kiick and Convention Director Rhonda Scurek and their staff, President Jeff Garrett and the board, the ANA appointed officers and Convention Chair Cindy Wibker and volunteers. Thank you to FUN President Randy Campbell and his board along with all their volunteers, including members of the Central Florida Coin Club, for all their service and support. Thanks also to the ANA National Volunteers who are always assisting ANA at their conventions.

We personally want to thank all the following for their support of the show: the exhibitors, judges, speakers, table-holders and early bird attendees, PPI security staff, show sponsors and patrons, Scout and Kids Zone and Treasure Trivia activities, an informative 48-page show guide, ANA Legacy Dinner that featured Mark Salzbeg and Rick Montgomery and was moderated by The Numismatist Editor Barbara Gregory (and a big thank-you for the wonderful slabbed coins autographed by the speakers that went to all who attended the dinner), coin club table-holders and meetings they held, numismatic publications who sent samples, Coin Week representatives, Federal Express and the U.S. Post Office, the Rosen Plaza Hotel along with the Hyatt Regency for providing the lodging, the Orange County Convention Center staff, GES show decorator staff, Original Hobo Nickel Society booth members for displaying their engraving expertise, all the grading services, which included NGC, the ANA official service, 2017 Candidates Forum candidates, and lastly thanks to Kagin’s Auctions of Tiburon, Calif., (www.kagins.com) for running an excellent three-session sale at the convention. The catalog is beautiful and featured several major collections that included the Dr. Christopher Allan Bechtler Gold Collection, the #1 Registry Set consisting of 35 of the 37 varieties. This catalog will be the main source of information and prices for this important series.

From our vantage point at the Future Conventions table, attendance appeared to be steady for the three days of the show, especially in the morning hours. The aisles were huge, but every time we looked down them it appeared someone was at most of the tables. Admission was free on Saturday. Dealers we spoke to said they had decent shows.

Make sure you visit www.money.org, Facebook and YouTube to see the videos and many pictures taken at the convention by ANA volunteer Kurt Bellman and other ANA staff.

We look forward to the ANA World’s Fair of Money to be held in Denver, Colo., Aug. 1-5. On Aug. 6, the ANA will have a special day at headquarters located in Colorado Springs, Colo.

John and Nancy Wilson
ANA National Volunteers

 

This article was originally printed in Numismatic News. >> Subscribe today.

 

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